Loex
Nonprofit profile at a glance
- EIN
- 900971299
- IRS 990-EZ coverage
- 2018–2024
- Forms available
- Form 990-EZ 2024, Form 990-N 2012
- Location
- Ypsilanti, MI, USA
- Phone
- 7343402653
- Rating
- 87
- Verdict
- STRONG
- Rating confidence
- Moderate
- Sector
- Libraries
Reported finances
- Revenue
- $171,587
- Expenses
- $205,394
- Assets
- $166,785
- Liabilities
- $0
Source: IRS Form 990-EZ. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
7 people listed
Executive titles in this filing
- Amanda Nichols Hess (President)
- Laura Gariepy (Vice-President)
People named in this filing
- Amanda Nichols Hess (President)
- Laura Gariepy (Vice-President)
- Samantha McClellan (Secretary)
Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.
Source: IRS Form 990-EZ. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
LOEX is dedicated to the support and promotion of nonprofit libraries, the development and continuing education of library personnel, and the promotion of information literacy through education and the exchange of ideas for the benefit of its members as well as the public.
What it reported doing in 2024
LOEX publishes for its members a quarterly publication featuring practical articles by teaching librarians; 4 issues were published during 2024-2025 with 225 copies printed and mailed each time along with the issues also being made available online (with eventual access to the public); the typical article is downloaded over 100 times in the first year. Additionally LOEX publishes a monthly current awareness e-letter, each accessed approximately 1,000 times. LOEX also operates a website which demonstrates examples of work from the field of library instruction and information literacy.
Operating model
- Revenue model
- Earned-program. 63% of the money available for current operations came from fees and other program revenue.
- Distribution model
- Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.
The verdict
STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Expenses are high relative to revenue and assets have declined or grown slowly.
Rating breakdown
- Financial Efficiency: 98
- Transparency & Controls: 82
- Sustainability: 29
- Growth: 80
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 100%; rating input score 100
- Program expense ratio: 95.6%; rating input score 96
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 52nd percentile among comparable filings
- Major donor itemization: Limited
Sustainability
- Operating margin: -19.7%; rating input score 8; 8th percentile among comparable filings
- Total-asset coverage ratio: 0.81; rating input score 52; 52nd percentile among comparable filings
- Liabilities to assets ratio: 0; rating input score 76; 76th percentile among comparable filings
- Officer compensation ratio: 31.9%; rating input score 10; 10th percentile among comparable filings
Growth
- Program expense growth: 5.7% per year; rating input score 100; 50th percentile among comparable filings
- Revenue growth: 2.5% per year; rating input score 100; 34th percentile among comparable filings
- Asset growth: -4.1% per year; rating input score 0; 17th percentile among comparable filings
Details
- Where the money goes: 100% of revenue deployed · 95.6% of spending went to programs
- Governance: Filed governance answers
- Accomplishments: 2 filed program accomplishments · $196K in reported program spending
- Leadership: top reported pay $0 · 7 people listed
- Consistency: 9 of 9 current checks pass
- Schedules: 2 filed schedules
- Filing history: 7 filing years from 2018 to 2024
- Contacts: How to reach this organization
- Money network: 1 filed money-flow record
- Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
- People: Everyone the filings name, and which of them the filings identify by more than a name.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
- High — Sustainability: Operating margin scored 8/100.
- High — Growth: Asset growth scored 0/100.
- Review — Sustainability: Total-asset coverage ratio scored 52/100.
- High — Sustainability: Officer compensation ratio scored 10/100.