Seminar on the Acquistion of Latin American Library Materials Inc
Nonprofit profile at a glance
- EIN
- 237007435
- IRS 990 coverage
- 2010–2024
- Forms available
- Form 990 2024
- Location
- New York, NY, USA
- Phone
- 5183031239
- Rating
- 72
- Verdict
- SUPPORTED
- Rating confidence
- Moderate
- Sector
- International Studies
Reported finances
- Revenue
- $286,238
- Expenses
- $219,368
- Assets
- $1,654,494
- Liabilities
- $16,044
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
16 people listed
Executive titles in this filing
- DAVID WOKEN (PRESIDENT)
Highest reported compensation
- JILL BARON (CO-EXEC DIRE): $10,000 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
Since its creation in 1955, salalm's work focuses on improving access to and dissemination of bibliographic information about all formats of publication concerning latin america and the caribbean. In recent years material from the iberian countries were incorporated into our mission. A major concern is supporting reserach through improving library and archival collections, often through cooperative efforts on a regional, national and internation level. Attention to library and archival development within latin america and the caribbean is always of concern, and annually several professionals from those areas receive the enlace fellowship to attend for presenting a paper at our annual conference.
What it reported doing in 2024
At annual conferences scholars, librarians, archivists, publishers, book dealers and others concerned with information resources in support of latin american, caribbean and iberian studies can discuss matters of common interest. Salalm publishes research papers and bibliographical compilations for these geographical areas. Scholarships to support ma-level graduate students in information science or archival management programs are key contributions to professional development of subject area specialists.
Operating model
- Revenue model
- Mixed. Its operating money came from several sources; no one source provided a clear majority.
- Distribution model
- Direct operator. The filing allocates 92% 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
SUPPORTED - A large share of available resources goes toward mission work and the filed numbers largely add up. The filing reports few safeguards for money sent abroad and some filing-based governance responses are negative or unanswered.
Rating breakdown
- Financial Efficiency: 62
- Transparency & Controls: 75
- Accountability: 79
- Sustainability: 71
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 66%; rating input score 66
- Program expense ratio: 77.2%; rating input score 77
- Fundraising efficiency: Limited
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 64th percentile among comparable filings
- Pay-setting controls: Limited
- Foreign activity oversight: 0 of 8 controls in place; rating input score 0
- Claims monitoring procedures: Limited
- Requires narrative reports: Limited
- Conducts field audits: Limited
- May suspend future funding: Limited
- Requires financial reports: Limited
- Conducts site visits: Limited
- Requires grant agreements: Limited
- May require repayment: Limited
- Grant itemization coverage: 100%; rating input score 100; 80th percentile among comparable filings
- Major donor itemization: Yes; rating input score 100
- Related-party transparency: Limited
Accountability
- Independent voting board: 100%; rating input score 100; 63rd percentile among comparable filings
- Governance controls: 4 of 8 controls in place; rating input score 50
- Conflict-of-interest policy: Pass
- Whistleblower policy: Pass
- Document-retention policy: Fail
- CEO compensation review process: NotApplicable
- Other executive compensation review process: Fail
- Form 990 shared with the board: Pass
- Board meeting minutes documented: Pass
- Audit committee oversight: Missing
- Independent financial-statement audit: Fail
Sustainability
- Operating margin: 23.4%; rating input score 77; 77th percentile among comparable filings
- Total-asset coverage ratio: 7.54; rating input score 86; 86th percentile among comparable filings
- Liabilities to assets ratio: 0.01; rating input score 46; 46th percentile among comparable filings
- Officer compensation ratio: 4.6%; rating input score 33; 33rd percentile among comparable filings
Growth
- Program expense growth: 4.9% per year; rating input score 100; 53rd percentile among comparable filings
- Revenue growth: 1.7% per year; rating input score 100; 33rd percentile among comparable filings
- Asset growth: 4.4% per year; rating input score 100; 45th percentile among comparable filings
Details
- Where the money goes: 66% of revenue deployed · 77.2% of spending went to programs
- Governance: 4 of 4 board members independent · 4 of 8 filing controls reported
- Programs: 1 filed program accomplishment · $169K in reported program spending
- Leadership: top reported pay $10K · 16 people listed
- Consistency: 30 of 30 current checks pass
- Schedules: 6 filed schedules · includes major donors, foreign activity, and grants
- Filing history: 15 filing years from 2010 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 — Transparency & Controls: Foreign activity oversight scored 0/100.
- Review — Accountability: Governance controls: 3 of 7 not reported.
- Moderate — Sustainability: Officer compensation ratio scored 33/100.
- Moderate — Sustainability: Liabilities to assets ratio scored 46/100.