Midwest Collaborative for Library Services Inc.

“The membership of mcls shall be composed of those michigan and indiana libraries that promote and aid the purposes of mcls; agree to abide by the mcls bylaws and the terms and conditions of membership as established by the board of directors; pay the approved dues as established by the board of directors.”

“The 990 is received from the accounting firm, reviewed by the business manager for accuracy and presented to the executive director for approval and signature. Once approved and signed, the return is filed in accordance with the instructions from the accounting firm.”

“There will be no self-dealing or business by a member with the organization. Board members are required to annually disclose their involvements with other organizations, vendors, or any associations that may be seen as a conflict.”

“The board negotiates a contract with the executive director outlining the compensation and benefits package. The executive director's remuneration is decided annually after a review of monitoring reports and the executive director's self-evaluation.”

“Governing documents, including the conflict of interest policy, are available on the organization's website. Financial statements are available upon request and the annual audit is furnished to dunn & bradstreet for use and publication annually. Form 990 is made available on guidestar's website. All documents are available upon request.”

“Impairment loss on assets held for sale -27,104.”

“Midwest collaborative for library services has a committee that assumes responsibilty for oversight of the audit of its financial statements and selection of an independent accountant. This process has not changed from the prior year.”

“Employer identification number: 23-7436918 for the year ending june 30, 2014 midwest collaborative for library services, hereby elects, pursuant to irc sec. 168(k)(2)(d)(iii), not to claim the additional 50% depreciation allowable under irc sec. 168(k) for the following qualifying property placed in service during the tax year ending june 30, 2014. All property in the 3, 5, and 10 year class. See attached form 4562.”