Valley Library Consortium INC FY2021 filing

Tax-deductible

Lansing, MI501(c)(3)Since 1980EducationEIN 38-2410513Revenue $425K in FY2021

On file with the IRSvlc.lib.mi.usPo Box 24065, 48909-4065 · Lansing, MITax-exempt since Feb 1983Publicly supported — 509(a)(2)

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To maintain computer database/network maintained for area member libraries. The Consortium provides shared automated Library services and other cooperative programs for such things as collections, materials and records so that the individual Library does not bear the entire cost of such a system.

501(c)(3) charity; gifts are tax-deductible.
95¢ of each $1 spent went to programs.
$95K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

Before you give

FY2021 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
0 of 5
filings with a surplus
Average deficit $122K a year · 27% of revenue · last 5 filings
Concern: a surplus in 0 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
95%
of spending
Looks good: 95% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$95K
to officers and key staff · 18% of spending
Fine: pay to officers and key staff is 18% of spending; 15% to 20%.
Pt VII · Sec A
Cash reserves
19 mo
of spending, in cash
Looks good: 19.4 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $16K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$136K
15% of total assets
Looks good: liabilities are 15% of assets; 50% or less.
Pt X · Ln 26
Independent board members
7
of 7 voting members
Looks good: 7 of 7 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$425K
Spent
$534K
To programs
95%
Net assets
$747K
By yearFY2021–FY2025
Revenue
$425K
FY2021
Tap a bar for its year
Revenue by fiscal year
FY2021$425K
FY2022$387K
FY2023$463K
FY2024$480K
FY2025$459K
Expenses
$534K
FY2021
Tap a bar for its year
Expenses by fiscal year
FY2021$534K
FY2022$543K
FY2023$563K
FY2024$600K
FY2025$581K
Net assets
$747K
FY2021
Tap a bar for its year
Net assets by fiscal year
FY2021$747K
FY2022$591K
FY2023$490K
FY2024$370K
FY2025$247K

From the FY2021 Form 990 (year ending June 2021) · see the original

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You’re viewing the FY2021 filing — not the latest on file. See the latest (FY2025) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Feb 1983.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

95 cents of each dollar spent went to programs.

Program services 95% · $506K Management & general 5% · $28K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

8 people listed on the 990; $95K paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2020); the FY2021 filing did not itemize Part VII
Executive Director
$94,713Pt VII · Sec A
$0Pt VII · Sec A
Vice President
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
President & Secretary / Tr
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A

Randall Lee Martin’s $104K as Executive Director is at the 85th percentile of top reported officer pay among 1613 $100K–1M education nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 1 named individual · Part VII

NameFY2025FY2024FY2023FY2022FY2021
Randall Lee Martin$103,528$99,010$100,466$100,375$94,713

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aYes

Programs and updates

Maintains shared library computer systems and cooperative programs to reduce costs for member libraries.

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Provided by the organization

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1 program · $506K · in their own filed words · FY2020
01

Computer DATABASE/NETWORK maintained for area member libraries. Information regarding library collections and material available is shared and updated to enhance information resources.

$506Kprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · funders on record
Grants received · FY2024
Total grants receivedfrom 1 funder$16K

By the numbers

The FY2021 990, line by line.

1The main four
Money inPt VIII
$425K
Ln 12
Fees for servicesLn 2g$421K
Other incomeLn 4–11$2K
Investment incomeLn 3$1K
Money outPt IX
$534K
Ln 25
Programscol B$506K
Managementcol C$28K
Owns and owesPt X
$747K
net assets · Ln 32
Cash and savingsLn 1–2$866K
Total assetsLn 16$884K
LiabilitiesLn 26$136K
PeoplePt VI, VII
8
listed · VII A
PaidVII A1
Voting boardVI 1a7
IndependentVI 1b7
2In more detail
Revenue in detailPt VIII
Fees for servicesLn 2g$421K
Investment incomeLn 3$1K
Other incomeLn 4–11$2K
Total revenueLn 12$425K
Assets in detailPt X, end of year
CashLn 1$110
SavingsLn 2$866K
Cash and savings togetherLn 1–2$866K
Land, buildings, equipmentLn 10c$16K
Total assetsLn 16$884K
LiabilitiesLn 26$136K
Net assetsLn 32$747K
OperationsPt I, VI
EmployeesI 53
VolunteersI 60
Fiscal year endsHeaderJune
Conflict-of-interest policyVI 12aNo
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY21End FY21
Cash and savingsLn 1–2$670K$866K
Land, buildings, equipmentLn 10c$21K$16K
Total assetsLn 16$892K$884K
LiabilitiesLn 26$35K$136K
Net assetsLn 32$857K$747K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$94K$89K$5K
Other salaries and wagesLn 7$158K$150K$8K
Pension plan contributionsLn 8$30K$28K$1K
Other employee benefitsLn 9$22K$21K$1K
Payroll taxesLn 10$20K$19K$1K
Accounting feesLn 11c$3K$3K
Office expensesLn 13$5K$5K$254
Information technologyLn 14$137K$130K$7K
OccupancyLn 16$127$121$6
TravelLn 17$1K$1K$58
Depreciation, depletion and amortizationLn 22$6K$6K$307
InsuranceLn 23$9K$8K$441
Other expenses (24a–d)Ln 24$46K$46K$730
All other expensesLn 24e$3K$3K
Total functional expensesLn 25$534K$506K$28K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $459K$581K−$123K$247K 990 PDF
FY2024 $480K$600K−$120K$370K 990 PDF
FY2023 $463K$563K−$100K$490K 990 PDF
FY2022 $387K$543K−$156K$591K 990 PDF
FY2021 Viewing $425K$534K−$109K$747K 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2021 990 (6 parts)
Part I · Summary $424,784 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $0$0
I-9 Program service revenuePrior year $469,391$420,964
I-10 Investment incomePrior year $59,678$1,350
I-11 Other revenuePrior year $20,880$2,470
I-12 Total revenuePrior year $549,949$424,784
I-13 Grants and similar amounts paidPrior year $0$0
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $339,033$324,035
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $217,933$210,124
I-18 Total expensesPrior year $556,966$534,159
I-19 Revenue less expensesPrior year −$7,017−$109,375
Part VI · Governance 7 of 7 board members independent, 3 to look at
VI-1a Voting members of the governing body7
VI-1b Independent voting members7
VI-12a Written conflict of interest policyNo
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-2 Family or business relationship among officers or directorsNo
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $424,784 across 4 lines filed
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $420,964$420,964
VIII-3 Investment incomeExcluded from tax $1,350$1,350
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $2,470$2,470
VIII-12 Total revenueRelated to mission $423,434 · Unrelated business $0 · Excluded from tax $1,350$424,784
Part IX · Statement of functional expenses $534,159 across 14 lines filed
IX-5 Pay of current officers, directors and key staffPrograms $89,461 · Management $4,708$94,169
IX-7 Other salaries and wagesPrograms $150,262 · Management $7,909$158,171
IX-8 Pension plan contributionsPrograms $28,391 · Management $1,494$29,885
IX-9 Other employee benefitsPrograms $20,540 · Management $1,081$21,621
IX-10 Payroll taxesPrograms $19,180 · Management $1,009$20,189
IX-11c Accounting feesManagement $3,125$3,125
IX-13 Office expensesPrograms $4,833 · Management $254$5,087
IX-14 Information technologyPrograms $129,990 · Management $6,842$136,832
IX-16 OccupancyPrograms $121 · Management $6$127
IX-17 TravelPrograms $1,100 · Management $58$1,158
IX-22 Depreciation, depletion and amortizationPrograms $5,832 · Management $307$6,139
IX-23 InsurancePrograms $8,370 · Management $441$8,811
IX-24 Other expenses (24a–d)Programs $45,522 · Management $730$46,252
IX-24e All other expensesPrograms $2,593$2,593
IX-25 Total functional expensesPrograms $506,195 · Management $27,964 · Fundraising $0$534,159
Part X · Balance sheet $883,656 assets, 11 lines filed
X-1 Cash, non-interest-bearingStart of year $70,248$110
X-2 Savings and temporary cash investmentsStart of year $599,924$865,592
X-9 Prepaid expenses and deferred charges$1,623
X-10c Land, buildings and equipment, netStart of year $20,540$16,331
X-16 Total assetsStart of year $891,874$883,656
X-17 Accounts payable and accrued expensesStart of year $35,237$35,149
X-19 Deferred revenue$101,245
X-26 Total liabilitiesStart of year $35,237$136,394
X-27 Net assets without donor restrictionsStart of year $856,637$747,262
X-32 Total net assets or fund balancesStart of year $856,637$747,262
X-33 Total liabilities and net assetsStart of year $891,874$883,656
Part XI · Reconciliation of net assets $747,262 net assets at year end
XI-1 Total revenue$424,784
XI-2 Total expenses$534,159
XI-3 Revenue less expenses−$109,375
XI-4 Net assets at start of year$856,637
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$747,262

Form 990 e-file (XML) FY2021 from the IRS · Classification, formation year and address from the IRS Business Master File

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