Kentucky Library Association

Tax-deductible

Lexington, KY501(c)(3)EducationEIN 61-6042682Revenue $259K in FY2024

On file with the IRSklaonline.org1588 Leestown Rd Ste 130 Pmb 310, 40511-2365 · Lexington, KYTax-exempt since Jun 1967Publicly supported — 509(a)(2)

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The Mission of the Kentucky Library Association (KLA) is to provide leadership for the development, promotion, and improvement of library and information services and the profession of librarianship in order to enhance learning and ensure access to information for all.

501(c)(3) charity; gifts are tax-deductible.
93¢ of each $1 spent went to programs.
Run by 35 volunteers.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · People: Part I, lines 5–6

Before you give

FY2024 · 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
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
1 of 5
filings with a surplus
Average deficit $45K a year · 21% of revenue · last 5 filings
Concern: a surplus in 1 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
93%
of spending
Looks good: 93% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
7 mo
of spending, in cash
Looks good: 7.0 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $73
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$0
0% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
Pt X · Ln 26
Independent board members
11
of 11 voting members
Looks good: 11 of 11 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$259K
+21% vs prior year
Spent
$413K
To programs
93%
Net assets
$239K
By yearFY2020–FY2024
Revenue
$259K
FY2024▲ +21%
Tap a bar for its year
Revenue by fiscal year
FY2020$201K
FY2021$186K
FY2022$179K
FY2023$214K
FY2024$259K
Expenses
$413K
FY2024▲ +79%
Tap a bar for its year
Expenses by fiscal year
FY2020$220K
FY2021$170K
FY2022$227K
FY2023$231K
FY2024$413K
Net assets
$239K
FY2024▼ -39%
Tap a bar for its year
Net assets by fiscal year
FY2020$487K
FY2021$502K
FY2022$454K
FY2023$393K
FY2024$239K

From the FY2024 Form 990 · see the original

Give Claim

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Jun 1967.

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

Where the money goes

93 cents of each dollar spent went to programs.

Program services 93% · $382K Management & general 7% · $31K

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

11 people listed on the 990.

Part VII, Section A · reportable compensation
KY Dept of E
$0Pt VII · Sec A
Kyvl Represe
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
$0Pt VII · Sec A
Past Preside
$0Pt VII · Sec A
Kdla Represe
$0Pt VII · Sec A
Ala Councilo
$0Pt VII · Sec A
See Kentucky Library Association executive salaries →

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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 15aNo

Programs and updates

Promotes library services and librarianship to improve learning and information access.

Questions for Kentucky Library Association

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Provided by the organization

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3 programs · $382K · in their own filed words · FY2024
01

Annual Conferences

1 to 3 day conferences featuring presentations and training sessions for library management and seminar news.

$349Kprogram expense
02

Quarterly publications. In-fo-cus provides library news and kentucky libraries is a scholarly journal with research and educational articles.

$17Kprogram expense
03

Scholarship and awards for the study of library science

$16Kprogram 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 · FY2023
Total grants receivedfrom 1 funder$73

By the numbers

The FY2024 990, line by line.

1The main four
Money inPt VIII
$259K
Ln 12
Fees for servicesLn 2g$222K
Gifts and grantsLn 1h$34K
Investment incomeLn 3$2K
Money outPt IX
$413K
Ln 25
Programscol B$382K
Managementcol C$31K
Owns and owesPt X
$239K
net assets · Ln 32
Cash and savingsLn 1–2$239K
Total assetsLn 16$239K
LiabilitiesLn 26$0
PeoplePt VI, VII
11
listed · VII A
PaidVII A0
Voting boardVI 1a11
IndependentVI 1b11
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$34K
Fees for servicesLn 2g$222K
Investment incomeLn 3$2K
Other incomeLn 4–11$767
Total revenueLn 12$259K
Assets in detailPt X, end of year
CashLn 1$178K
SavingsLn 2$61K
Cash and savings togetherLn 1–2$239K
Total assetsLn 16$239K
LiabilitiesLn 26$0
Net assetsLn 32$239K
OperationsPt I, VI
EmployeesI 50
VolunteersI 635
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY24End FY24
Cash and savingsLn 1–2$394K$239K
Total assetsLn 16$394K$239K
LiabilitiesLn 26$576$0
Net assetsLn 32$393K$239K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Office expensesLn 13$4K$4K
Information technologyLn 14$17K$5K$12K
Conferences, conventions and meetingsLn 19$144K$144K
Other expenses (24a–d)Ln 24$243K$233K$10K
All other expensesLn 24e$5K$425$5K
Total functional expensesLn 25$413K$382K$31K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest Viewing $259K$413K−$154K$239K 990 PDF
FY2023 $214K$231K−$17K$393K 990 PDF
FY2022 $179K$227K−$48K$454K 990 PDF
FY2021 $186K$170K$16K$502K 990 PDF
FY2020 $201K$220K−$19K$487K 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 FY2024 990 (6 parts)
Part I · Summary $259,131 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $35,054$34,074
I-9 Program service revenuePrior year $172,449$221,972
I-10 Investment incomePrior year $6,215$2,318
I-11 Other revenue$767
I-12 Total revenuePrior year $213,718$259,131
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefits$0
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $230,664$413,116
I-18 Total expensesPrior year $230,664$413,116
I-19 Revenue less expensesPrior year −$16,946−$153,985
Part VI · Governance 11 of 11 board members independent, 1 to look at
VI-1a Voting members of the governing body11
VI-1b Independent voting members11
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
Part VIII · Statement of revenue $259,131 across 6 lines filed
VIII-1b Membership dues$34,074
VIII-1h Total contributions, gifts and grants$34,074
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $221,972$221,972
VIII-3 Investment incomeRelated to mission $2,318$2,318
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $767$767
VIII-12 Total revenueRelated to mission $225,057$259,131
Part IX · Statement of functional expenses $413,116 across 5 lines filed
IX-13 Office expensesManagement $4,112$4,112
IX-14 Information technologyPrograms $4,850 · Management $12,031$16,881
IX-19 Conferences, conventions and meetingsPrograms $144,015$144,015
IX-24 Other expenses (24a–d)Programs $232,872 · Management $10,263$243,135
IX-24e All other expensesPrograms $425 · Management $4,548$4,973
IX-25 Total functional expensesPrograms $382,162 · Management $30,954 · Fundraising $0$413,116
Part X · Balance sheet $239,372 assets, 7 lines filed
X-1 Cash, non-interest-bearingStart of year $231,166$178,254
X-2 Savings and temporary cash investmentsStart of year $162,767$61,118
X-16 Total assetsStart of year $393,933$239,372
X-26 Total liabilitiesStart of year $576$0
X-27 Net assets without donor restrictionsStart of year $393,357$239,372
X-32 Total net assets or fund balancesStart of year $393,357$239,372
X-33 Total liabilities and net assetsStart of year $393,933$239,372
Part XI · Reconciliation of net assets $239,372 net assets at year end
XI-1 Total revenue$259,131
XI-2 Total expenses$413,116
XI-3 Revenue less expenses−$153,985
XI-4 Net assets at start of year$393,357
XI-10 Net assets at end of year$239,372

Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File

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