Oklahoma Library Association EIN 73-6104044 Form 990 (PDF) Claim this org

Oklahoma Library Association

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Improves Oklahoma libraries, their services, and librarians' skills. For fiscal year 2024 it reported $321K in revenue, $203K in expenses, and $840K in net assets.Pt I

Founded
1907
Type
Public charity (501(c)(3)) · Nonprofit
Location
Clinton, OK
Website
www.oklibs.org
Filings
5 on file (2020–2024)
Revenue
$321KFY2024
Expenses
$203K
Net assets
$840K
People
10
Filings
5
Updates
0
More identity details & actions ⌄
EIN  73-6104044 Public charity (501(c)(3)) Clinton, OK Founded 1907
Form 990 (PDF)
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Size
$100K–1M
What they do
Improves Oklahoma libraries, their services, and librarians' skills.
Leadership
Gail Oehler · President
Money in and out
$321K revenue, $203K expenses
Bottom line
71% program efficiency
Where the money goes · FY2024
Total revenue
$321K
Pt VIII · Ln 12
Total expenses
$203K
Pt IX · Ln 25
Net assets
$840K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $119K
Where spending went · Part IX cols B–D
Program services $0.71 Management & general $0.29
Program efficiency
71%
of spending reaches programs▼ -10% vs prior filing year
Operating runway
48.7mo
months of highly liquid reserves at operating expense rate▲ +32% vs prior filing year
Surplus margin
+37%
revenue over expenses, this year▲ +281% vs prior filing year

Summary of the Filing

Part I · fiscal year 2024 · Form 990
Revenue
$321K
FY2024▲ +29%
Expenses
$203K
FY2024▼ -10%
Total assets
$840K
FY2024▲ +20%
Total liabilities
$0
FY2024▼ -100%
Total revenue
$321K
Pt VIII · Ln 12
Total expenses
$203K
Pt IX · Ln 25
Net assets
$840K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$119K
Total assetsPt X · Ln 16$840K
Program-expense ratioPt IX · col B71%
Voting members of governing bodyPt I · Ln 310
Independent voting membersPt I · Ln 410
Mission & Programs · Part III

Where the work happens

3 program services account for $144K of program spending, described in the organization's own filed words · FY2024.
01

Continuing education for members, annual conference, leadership conference, workshops, committees, scholarships

$127Kprogram expense
02

Legislative liasion and legislative activity

$17Kprogram expense
03

Publishing newsletter; bimonthly oklahoma librarian

Pt IX · col B

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Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item COklahoma Library Association
EINHdr · item D73-6104044
Principal addressHdr · item CClinton, OK
WebsiteHdr · item Jwww.oklibs.org
Year of formationHdr · item L1907
State of legal domicileHdr · item MOK
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFNonprofit
Ruling yearIRS BMFMar 1963

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a10
Independent voting membersPt VI · Ln 1b10
Conflict-of-interest policyPt VI · Ln 12aNo
Whistleblower policyPt VI · Ln 13No
Document retention policyPt VI · Ln 14Yes
CEO/top-official compensation independently reviewedPt VI · Ln 15aNo
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
President
$0Pt VII · Sec A
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
Immediate Past President
$0Pt VII · Sec A
Public Library Division Ch
$0Pt VII · Sec A
Ok School Libraries Chair
$0Pt VII · Sec A
President Elect
$0Pt VII · Sec A
Mountain Plains Library as
$0Pt VII · Sec A
See Oklahoma Library Association executive salaries →

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Statement of Revenue

Part VIII
Program service revenue$206K · 64%
Contributions & grants$100K · 31%
Investment income$15K · 5%
Program service revenue64%$206K
Contributions & grants31%$100K
Investment income5%$15K
Total revenueLn 12$321K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.71 Management & general $0.29
Program services71%$144K
Management & general29%$58K
Total functional expensesLn 25$203K

Balance Sheet

Part X · end of year
CashLn 1$347K
Total assetsLn 16$840K
Total liabilitiesLn 26$0
Total net assetsLn 32$840K
Months of cash on handcomputed20.6

Financial Metrics

Form 990 · FY2024 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $822K · Operating expenses/yr $203K
48.7 months
Where the money goes
Program services
Program services $144K · Total expenses $203K
71%
Management & General
Management & general $58K · Total expenses $203K
29%
Fundraising
Fundraising $0 · Total expenses $203K
0%
Cost to raise $1
Fundraising expense (3-yr avg) $0 · Solicited contributions (3-yr avg) $70K
Solicited contributions below reporting floor
Where the money comes from
Contribution dependence
Contributions & grants $100K · Total revenue $321K
31%
Government reliance
Government grants — · Total revenue $321K
Earned-income share
Program service revenue $206K · Total revenue $321K
64%
Investment reliance
Investment income $15K · Total revenue $321K
+5%
Program self-sufficiency
Program service revenue $206K · Total expenses $203K
102%
Growth & trend
Revenue growth (YoY)
This year $321K · Prior year $250K
+29%
Revenue CAGR
FY2019 $164K · FY2024 $321K
+14%
Net-asset trend (YoY)
End of year $840K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $321K · Expenses $203K
+37%
Liabilities-to-Assets
Total liabilities — · Total assets $840K
Net-asset ratio
Net assets $840K · Total assets $840K
100%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) $475K · Total assets (Pt X, ln 16) $840K
57%
People & payroll
Highest Reported Total Compensation
Individual Gail Oehler · Reported title PRESIDENT · Highest reported compensation $0 · Total expenses $203K
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) — · Total expenses $203K
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 71%
Overhead ratio 29%
Revenue growth 29%

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

Grants

Schedule I · received and paid
Grants received · FY2023
Total grants receivedfrom 1 funder$44
Grants paid · 1 grant · $6K · 2024–2024
Unitemized GrantFY2024$5,600

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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2024$250K revenue · ⤓ 990 PDF
FY2023$219K revenue · ⤓ 990 PDF
FY2022$168K revenue · ⤓ 990 PDF
FY2021$179K revenue · ⤓ 990 PDF
FY2020$164K revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2024IRS
Classification, formation year, addressIRS Business Master File
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