American Library Association logo

ALA Responds to Financial Shortfall

February 14, 2020

For many years, the Executive Board and ALA staff have understood that the Association’s three main revenue streams—membership, conferences, and publishing—were declining while operations were experiencing inflationary pressures. We take our role as financial stewards of the organization very seriously, and, with an eye toward growing our revenues and strength as an association, in 2017 … Continue reading ALA Responds to Financial Shortfall

From the Treasurer: Maggie Farrell

Achieving Our Vision

January 2, 2020

I start my tenure by reporting mixed results for our finances, but I am optimistic about the work being done to advance libraries. In 2018, the ALA Executive Board approved a plan to strategically invest in three critical areas: information technology, advocacy, and development. Over a three-year period already underway, $8.8 million has been dedicated … Continue reading Achieving Our Vision

Mary Ghikas, ALA executive director

Future Destinations

September 3, 2019

As in our personal lives, a new year is a time for reflection. We look back at the surprises, successes, and disappointments. We look at how we performed inside the Association—and, even more important, at our impact on libraries, on the people who make both the Association and libraries work, and on all the communities … Continue reading Future Destinations

Rod Hersberger

ALA Endowment Update

July 17, 2019

The first is the endowment’s investment in private equity. While it is illiquid, private equity generally outperforms most other investment categories. We did not venture into this area lightly. The trustees conducted an extraordinary level of discussion, review, and due diligence before we made our first investment. In July 2015, we invested $2 million in … Continue reading ALA Endowment Update

From the Treasurer Susan H. Hildreth

A Year of Progress

January 2, 2019

While these successes are worth celebrating, there are still many challenges ahead as we focus on achieving our mission in a forward-looking, financially sustainable manner. The General Fund posted an operating deficit, albeit a much smaller one than in the past two years. Midwinter Meeting results missed expectations as our very talented and committed Conference … Continue reading A Year of Progress

ALA logo

ALA Selects Cushman & Wakefield as Strategic Real Estate Advisor

February 28, 2018

As the real estate advisor, Cushman & Wakefield will provide real estate and consulting services to achieve ALA’s stated goals and optimize the value of the current headquarters at 40–50 East Huron Street in Chicago, with the aim to “help the Association achieve greater operational excellence, grow its membership base, and have more resources to … Continue reading ALA Selects Cushman & Wakefield as Strategic Real Estate Advisor

From the Treasurer Susan H. Hildreth

A Tough Environment

January 2, 2018

Similar to last year, our actual results differed from our budget: Overall net expense was 1% larger than projected. Although our budget results were not favorable, they were much closer to projections than in previous years. Among revenue sources, publishing revenue of $11 million and membership dues revenue of $5.3 million were lower than projected by 11% … Continue reading A Tough Environment

From the Treasurer Susan H. Hildreth

A Look at ALA’s Finances

January 3, 2017

For fiscal year 2016, which just closed, I am glad that ALA came very close to its budget, with operating revenues of $50,815,693 and operating expenses of $51,259,221. It was a rather challenging year. We include a number of activities for our revenue: publishing ($11,705,837), Annual and Midwinter meetings ($5,564,072 and $2,785,904, respectively), membership ($5,515,846), … Continue reading A Look at ALA’s Finances

Mario Gonzalez

Financially Healthy

January 4, 2016

The final audit for the 2015 fiscal year will be presented at the 2016 Midwinter Meeting in Boston. However, I would like to share with you now that preliminary results show a positive outcome for the Association. Overall, revenues generated by ALA and its divisions were 5% higher than expected, while expenses were slightly lower. … Continue reading Financially Healthy

Mario Gonzalez

Financially Healthy

January 20, 2015

Several times during the year, I report back to the membership on the financial health of the Association. Over time, these reports have shown a steady growth in the financial strength and capacity of the Association. As I have said before, we continue to be completely transparent and regularly communicate with the membership about the … Continue reading Financially Healthy

Gonzalez Reports on Fiscal Year 2014 Year End Budget

October 30, 2014

ALA Treasurer Mario M. Gonzalez reported Fiscal Year 2014 year end results in an open message to ALA Council today. These figures were reviewed by the Budget Analysis Review Committee (BARC), Finance and Audit Committee, and the Executive Board at meetings this month. His message: “While the final audit will be presented at the 2015 … Continue reading Gonzalez Reports on Fiscal Year 2014 Year End Budget