Treasurer’s Financial Page


Maggie Farrell, ALA Treasurer, 2019-2021

Maggie Farrell

Treasurer (2019-2022)

Dean of Libraries
University of Nevada, Las Vegas
4505 Maryland Parkway
Las Vegas, NV 8900
Office: 702-895-2286
maggie.farrell@unlv.edu

ALA Seeks Candidates for Endowment Fund Trustee Openings (2)

April 15, 2021

Applications are now being accepted for two expiring terms on the ALA Endowment Trustees committee.

The candidates will be selected by the ALA Executive Board at their 2021 ALA Annual Conference Meeting, which will be held virtually June 23rd - 29th.  Any newly selected Trustee will begin serving immediately upon notification of their selection. The three-year term will expire at the conclusion of the 2024 ALA Annual Conference in San Diego, CA. 

The deadline for receiving applications is June 5, 2021.

Read more...

The ALA Financial Handbook

The ALA Financial Handbook reflects current American Library Association operational regulations and procedures in regard to Association finances.  Compiled by the ALA Budget Analysis and Review Committee (BARC), the Handbook is intended to provide assistance and background information to ALA members, Division and Round Table members and staff who are involved in the financial operations and decision-making in their respective Association units. It will be reviewed annually by BARC and staff and updated as new information becomes available. Note that selected references to important documents and information are presented as links to the ALA website.  February 2015

The ALA Dollar

I am pleased to present our ALA Dollar infographics, which answer two simple but important questions for members and potential members:

1.      What are ALA’s funding sources: Where an ALA Dollar Comes From (PDF)

2.      What are the ALA’s funding uses: Where an ALA Dollar Goes (PDF) (PDF)

ALA funding sources include your membership dues dollars and funds generated from our publishing activities, conferences and educational programs, and the grants we receive. For roughly every $1 in membership dues revenue, the Association generates an additional $4 in other revenue. 

ALA carefully uses these funds to advance our mission via the strategic directions of advocacy, literacy, diversity and equity of access, information policy and intellectual freedom, and professional and leadership development – supporting and serving our members, libraries, and the profession.

Please contact me if you have any questions.

Sincerely, Maggie

Where an ALA Dollar Comes From:  18% Dues; 36% Publishing; 24% Meetings and Conferences; 10% Grants and Awards; 3% Donations; 3% Interest and Dividends; 6% Other  For every dollar in dues, ALA generates an additional four dollars in revenue from publications, meetings and conferences, grants and awards, interest and dividends and other revenue sources. Percentages are based on the 2019 ALA budget and include revenues from divisions, round tables, and the ALA general fund. “Interest & Dividends” includes interest income and support from the ALA Endowment Fund. “Other” includes royalties, miscellaneous fees, and miscellaneous revenues.

 

Where an ALA Dollar Goes:  14% Advocacy for Libraries and the Profession: Includes raising public awareness of the value of libraries; developing promotional materials; conducting effective media relations; recruiting and mobilizing a network of advocates; developing resources and training for advocates; advancing legislation and policies that support libraries; researching the impacts of libraries; working with partners and stakeholders on advocacy goals; and working to ensure the sustainability and future of libraries.     12% Information Policy and Intellectual Freedom: Includes policy development, education, research and advocating in the following policy areas: intellectual freedom, privacy, civil liberties, telecommunications, funding for education and research programs, funding for libraries, copyright and licensing, open access, government information, and literacy.     40% Professional and Leadership Development: Includes maintaining accreditation standards; maintaining standards for library services; developing educational resources; providing professional development opportunities; promoting career development; providing leadership development opportunities; providing award programs.     13% Equity, Diversity, and Inclusion: Includes developing resources and training in the areas of equity, diversity and inclusion; providing cultural programming; promoting literacy through a variety of resources and initiatives; offering funding and grants; recruiting a diverse workforce to the profession; proving scholarships.     21% Member Engagement and Support: Includes supporting committees and executive boards; promoting membership; providing membership services; supporting membership engagement software (ALA Connect).

Financial Learning

ALA Financial Learning Series brought to you by BARC and the Finance Staff

The Governance and Finance & Accounting offices along with members of the Budget Analysis and Review Committee (BARC) have created the online ALA Financial Learning Series. The purpose of these webcasts is to provide the viewer with a basic understanding of ALA’s finances and how it impacts all areas/units of the Association. These webcasts are designed to expand on and support the information provided at the ALA Finance Workshop, which is an education session held by BARC at each Midwinter Meeting. Although the information provided in these webcasts is general in nature, everyone who views them can benefit – members, member leaders, funders, vendors, sponsors and the general public.

Please take the opportunity to review the webcast offerings and select those that are of particular interest to you. Note that additional offerings will be added as areas of interest are identified.

ALA Financial Orientation for Council 

View Former ALA Treasurer, Susan Hildreth's presentation, Council Financial Orientation - The ALA Budget and Decision-Making Process to learn more about ALA Finances.

BARC Response to ALA Council regarding Socially Responsible Investments Resolution

At the 2018 Midwinter Meeting in Denver a proposed resolution from SRRT regarding fossil fuels and the ALA Endowment Fund was forwarded to BARC for its review for potential financial implications. The proposed resolution was reviewed at both the Midwinter and Spring Meetings of BARC. Note that BARC also reviewed the proposed resolution in consultation with the Endowment Trustees and the Finance & Audit committee.

Here is BARC’s response to ALA Council regarding the Resolution (PDF)

Endowment Fund Holdings

At the 2018 Midwinter Meeting in Denver a request was made to the Senior Endowment Trustee Rod Hersberger to provide Council with the opportunity to review the holdings in the ALA Endowment Fund. The Trustees have worked diligently to make this happen. 

While some holdings are very accessible via monthly statements, others were a little more challenging for the following reasons:

  • Direct links to the holdings of publicly traded mutual funds and Exchange Traded Funds (ETF’s) generally require more than several clicks in order to get to the intended information.
  • Some funds/portfolios within the Endowment are proprietary in nature and are not available for review.

Here in a PDF showing the available holdings of the Endowment Fund (.PDF)

Here in an MS Excel workbook showing the available holdings of the Endowment Fund (.XLSX)


2020 Fall Meeting

2020 Annual Meeting

2020 Spring Meeting

2020 Midwinter Meeting

2019 Fall Meeting

2019 Annual Meeting

2019 Spring Meeting

2019 Midwinter Meeting

2018 Fall Meeting

2018 Spring Meeting

2018 Midwinter Meeting

2017 Fall Meeting

2017 Annual Conference

2017 Spring Meeting

2017 Midwinter Meeting

To access Financial Reports prior to 2017, please reach out Holly Robison at hrobison@ala.org.