Valley Library Consortium INC FY2022 filing

Tax-deductible

Lansing, MI501(c)(3)Since 1980EducationEIN 38-2410513Revenue $387K in FY2022

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.
94¢ of each $1 spent went to programs.
$100K 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

FY2022 · 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
94%
of spending
Looks good: 94% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$100K
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
16 mo
of spending, in cash
Looks good: 15.9 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
$142K
19% of total assets
Looks good: liabilities are 19% 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
$387K
-9% vs prior year
Spent
$543K
To programs
94%
Net assets
$591K
By yearFY2021–FY2025
Revenue
$387K
FY2022▼ -9%
Tap a bar for its year
Revenue by fiscal year
FY2021$425K
FY2022$387K
FY2023$463K
FY2024$480K
FY2025$459K
Expenses
$543K
FY2022▲ +2%
Tap a bar for its year
Expenses by fiscal year
FY2021$534K
FY2022$543K
FY2023$563K
FY2024$600K
FY2025$581K
Net assets
$591K
FY2022▼ -21%
Tap a bar for its year
Net assets by fiscal year
FY2021$747K
FY2022$591K
FY2023$490K
FY2024$370K
FY2025$247K

From the FY2022 Form 990 (year ending June 2022) · see the original

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You’re viewing the FY2022 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

94 cents of each dollar spent went to programs.

Program services 94% · $513K Management & general 6% · $30K

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; $100K paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2021); the FY2022 filing did not itemize Part VII
Executive Director
$100,375Pt VII · Sec A
Director
$0Pt VII · Sec A
Vice President
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
President & Secretary
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$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 · $513K · in their own filed words · FY2021
01

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

$513Kprogram 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 FY2022 990, line by line.

1The main four
Money inPt VIII
$387K
Ln 12
Fees for servicesLn 2g$385K
Investment incomeLn 3$1K
Other incomeLn 4–11$968
Money outPt IX
$543K
Ln 25
Programscol B$513K
Managementcol C$30K
Owns and owesPt X
$591K
net assets · Ln 32
Cash and savingsLn 1–2$718K
Total assetsLn 16$733K
LiabilitiesLn 26$142K
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$385K
Investment incomeLn 3$1K
Other incomeLn 4–11$968
Total revenueLn 12$387K
Assets in detailPt X, end of year
CashLn 1$110
SavingsLn 2$718K
Cash and savings togetherLn 1–2$718K
Land, buildings, equipmentLn 10c$14K
Total assetsLn 16$733K
LiabilitiesLn 26$142K
Net assetsLn 32$591K
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 FY22End FY22
Cash and savingsLn 1–2$866K$718K
Land, buildings, equipmentLn 10c$16K$14K
Total assetsLn 16$884K$733K
LiabilitiesLn 26$136K$142K
Net assetsLn 32$747K$591K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$100K$95K$5K
Other salaries and wagesLn 7$156K$148K$8K
Pension plan contributionsLn 8$30K$29K$2K
Other employee benefitsLn 9$22K$21K$1K
Payroll taxesLn 10$32K$30K$2K
Accounting feesLn 11c$4K$4K
Office expensesLn 13$920$874$46
Information technologyLn 14$142K$134K$7K
TravelLn 17$2K$2K$97
Depreciation, depletion and amortizationLn 22$7K$6K$1K
InsuranceLn 23$4K$4K$210
Other expenses (24a–d)Ln 24$44K$43K$676
Total functional expensesLn 25$543K$513K$30K$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 Viewing $387K$543K−$156K$591K 990 PDF
FY2021 $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 FY2022 990 (6 parts)
Part I · Summary $386,936 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $0$0
I-9 Program service revenuePrior year $420,964$384,884
I-10 Investment incomePrior year $1,350$1,084
I-11 Other revenuePrior year $2,470$968
I-12 Total revenuePrior year $424,784$386,936
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 $324,035$339,252
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $210,124$203,620
I-18 Total expensesPrior year $534,159$542,872
I-19 Revenue less expensesPrior year −$109,375−$155,936
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 $386,936 across 4 lines filed
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $384,884$384,884
VIII-3 Investment incomeExcluded from tax $1,084$1,084
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $968$968
VIII-12 Total revenueRelated to mission $385,852 · Unrelated business $0 · Excluded from tax $1,084$386,936
Part IX · Statement of functional expenses $542,872 across 12 lines filed
IX-5 Pay of current officers, directors and key staffPrograms $94,713 · Management $4,985$99,698
IX-7 Other salaries and wagesPrograms $147,926 · Management $7,706$155,632
IX-8 Pension plan contributionsPrograms $28,700 · Management $1,511$30,211
IX-9 Other employee benefitsPrograms $20,739 · Management $1,091$21,830
IX-10 Payroll taxesPrograms $30,287 · Management $1,594$31,881
IX-11c Accounting feesManagement $3,725$3,725
IX-13 Office expensesPrograms $874 · Management $46$920
IX-14 Information technologyPrograms $134,484 · Management $7,077$141,561
IX-17 TravelPrograms $1,839 · Management $97$1,936
IX-22 Depreciation, depletion and amortizationPrograms $5,832 · Management $1,430$7,262
IX-23 InsurancePrograms $3,981 · Management $210$4,191
IX-24 Other expenses (24a–d)Programs $43,349 · Management $676$44,025
IX-25 Total functional expensesPrograms $512,724 · Management $30,148 · Fundraising $0$542,872
Part X · Balance sheet $733,145 assets, 11 lines filed
X-1 Cash, non-interest-bearingStart of year $110$110
X-2 Savings and temporary cash investmentsStart of year $865,592$717,905
X-9 Prepaid expenses and deferred chargesStart of year $1,623$1,623
X-10c Land, buildings and equipment, netStart of year $16,331$13,507
X-16 Total assetsStart of year $883,656$733,145
X-17 Accounts payable and accrued expensesStart of year $35,149$36,549
X-19 Deferred revenueStart of year $101,245$105,270
X-26 Total liabilitiesStart of year $136,394$141,819
X-27 Net assets without donor restrictionsStart of year $747,262$591,326
X-32 Total net assets or fund balancesStart of year $747,262$591,326
X-33 Total liabilities and net assetsStart of year $883,656$733,145
Part XI · Reconciliation of net assets $591,326 net assets at year end
XI-1 Total revenue$386,936
XI-2 Total expenses$542,872
XI-3 Revenue less expenses−$155,936
XI-4 Net assets at start of year$747,262
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$591,326

Form 990 e-file (XML) FY2022 from the IRS · Classification, formation year and address from the IRS Business Master File

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