I am thankful for the work of my predecessors Peter Hepburn and Maggie Farrell, and of Dina Tsourdinis, ALA’s chief financial officer, and her team to get our financial house in order. That means everything from timely reporting to clean audits to properly recording grants to an updated operating agreement. Unfortunately, ALA’s financial picture, while … Continue reading Bold Changes
As I write this, still in my early weeks at the Association, I’ve been asked often about my own priorities for ALA. Well, my primary goal is this: to support us in achieving the vision outlined in the ALA Forward initiative. This includes ensuring ALA’s financial stability, fostering membership trust and growth, and bolstering advocacy. … Continue reading Reinvigorating ALA
ALA has announced a series of difficult but necessary workforce changes as part of its ongoing ALA Forward initiative—a comprehensive effort to align the organization’s structure and programs with its strategic priorities, sustainability, and mission impact. “These decisions were not made lightly,” said ALA President Sam Helmick. “They represent difficult choices made with deep care … Continue reading ALA Announces Staffing Reductions
ALA’s endowment is a major component of the Association’s finances, contributing millions of dollars each year to the budget to support ALA activities. It’s also one of the least visible aspects of Association operations, and investment activity can be complicated and intimidating to examine. The trustees value transparency and collaboration. In an effort to uphold … Continue reading An Introduction to the Endowment
The American Library Association (ALA) announced on April 7 that Larry Neal, library director of Clinton-Macomb Public Library (CMPL) in Michigan, has been elected treasurer of ALA for 2025–2028. Neal received 7,312 votes in the uncontested election. He will step into his role as treasurer at the close of ALA’s 2025 Annual Conference and Exhibition, to be held … Continue reading Neal Elected 2025–2028 ALA Treasurer
For one, I’m proud of finishing the work started under my predecessor, Maggie Farrell, on the financial piece of the American Library Association (ALA) Operating Agreement, which governs the relationship between ALA and its membership divisions. I’m also pleased with the progress made in improving communication within the Association on finances. I am not, however, … Continue reading Moving Forward on Finances
I’ve shifted from lightweight outfits to the heavier sweaters of the season. Autumn is, after all, a time of transition—which is something our Association is currently experiencing. Transition can be unsettling, yes, but it is also an opportunity to step back, take stock, and lay the foundation for what will follow. As we work with … Continue reading A Time of Transition
As the new calendar year begins, I am carrying that optimism forward. We are approximately one-third of the way through the American Library Association’s (ALA) fiscal year, which runs from September 1, 2022, to August 31. The most uncertain days of the pandemic seem to be behind us. Like many of our libraries and, indeed, many … Continue reading ALA Finances on Track
Hepburn received 8,947 votes in the uncontested election. Hepburn will step into his role as treasurer at the close of the 2022 ALA Annual Conference and Exhibition in Washington, D.C. Upon learning the outcome of the election, Hepburn said, “What an incredible honor to be able to serve our association in this capacity and to … Continue reading Hepburn Elected ALA Treasurer
A licensed certified public accountant, Tsourdinis holds bachelor’s and master’s degrees in accounting from University of Illinois Chicago (UIC) and is a member of the Illinois CPA Society and the American Institute of Certified Public Accountants. Tsourdinis has worked in finance at several nonprofit and educational institutions in Chicago, including UIC, SOS Children’s Villages Illinois, … Continue reading 11 Questions: Dina Tsourdinis
However, as we start 2022—and as my term as ALA treasurer winds down—I have much good news to share regarding ALA’s financial situation. First, the ALA Executive Board, Budget Analysis and Review Committee (BARC), and Finance and Audit (F&A) Subcommittee worked closely with ALA leadership to balance expenditures on the revenue base and adjust them … Continue reading Building ALA’s Future
In 2020, the Executive Board, Budget Analysis and Review Committee, Finance and Audit Subcommittee, and member leaders extensively reviewed and discussed the Association’s fiscal management practices and the changes that have exacerbated past revenue gaps and declines. We are fortunate to have our new executive director, Tracie D. Hall, steer operational and staffing decisions as … Continue reading ALA’s Financial Future
