Civic Intelligence

Oclc Online Computer Library Center Inc

990 • Fiscal year 2022 • EIN 31-0734115

Jul 01, 2021 to Jun 30, 2022 • Filed on May 11, 2023

6565 Kilgour PlaceDublin, OH 43017

(614) 764-6000

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

54th percentile

0.34x

Higher debt load relative to assets than 54% of similar nonprofits.

2022 filings • 501(c)3 • $250M-$1B nonprofits • Source year 2022

Liabilities / Revenue

70th percentile

0.82x

Higher debt load relative to revenue than 70% of similar nonprofits.

2022 filings • 501(c)3 • $250M-$1B nonprofits • Source year 2022

Net Margin

13th percentile

-10%

Higher net margin than 13% of similar nonprofits.

2022 filings • 501(c)3 • $250M-$1B nonprofits • Source year 2022

Top Officer Pay

83rd percentile

$2,226,014

Higher top officer pay than 83% of similar nonprofits.

Top officer pay equals 1.2% of source-year revenue.

2022 filings • 501(c)3 • $250M-$1B nonprofits • Source year 2022

Asset Growth

30th percentile

-8.0%

Faster asset growth than 30% of similar nonprofits.

2022 filings • 501(c)3 • $250M-$1B nonprofits • Annualized from 2021 to 2022

Revenue Growth

9th percentile

-29%

Faster revenue growth than 9% of similar nonprofits.

2022 filings • 501(c)3 • $250M-$1B nonprofits • Annualized from 2021 to 2022

Assets

Down

$455,088,071

Down $39,835,959 (-8.0%) from 2021

Net Assets

Down

$301,099,437

Down $21,205,644 (-6.6%) from 2021

Liabilities

Down

$153,988,634

Down $18,630,315 (-11%) from 2021

Revenue

Down

$187,471,975

Down $77,753,191 (-29%) from 2021

Expenses

Down

$206,526,832

Down $3,195,285 (-1.5%) from 2021

Net Income

Down

-$19,054,857

Down $74,557,906 (-134%) from 2021

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$600M$400M$200M$0Assets 2010: $344,228,778Liabilities 2010: $134,641,120Net Assets 2010: $209,587,6582010Assets 2011: $366,090,416Liabilities 2011: $126,428,063Net Assets 2011: $239,662,3532011Assets 2012: $351,228,746Liabilities 2012: $114,545,032Net Assets 2012: $236,683,7142012Assets 2013: $391,597,055Liabilities 2013: $146,620,492Net Assets 2013: $244,976,5632013Assets 2014: $425,908,617Liabilities 2014: $158,996,757Net Assets 2014: $266,911,8602014Assets 2015: $434,213,056Liabilities 2015: $184,441,335Net Assets 2015: $249,771,7212015Assets 2016: $423,477,508Liabilities 2016: $183,510,403Net Assets 2016: $239,967,1052016Assets 2017: $432,272,884Liabilities 2017: $178,364,338Net Assets 2017: $253,908,5462017Assets 2021: $494,924,030Liabilities 2021: $172,618,949Net Assets 2021: $322,305,0812021Assets 2022: $455,088,071Liabilities 2022: $153,988,634Net Assets 2022: $301,099,4372022Assets 2023: $468,922,717Liabilities 2023: $141,089,561Net Assets 2023: $327,833,1562023Assets 2024: $485,839,522Liabilities 2024: $125,458,285Net Assets 2024: $360,381,2372024

Highlighted filing

2022

Assets$455,088,071
Liabilities$153,988,634
Net Assets$301,099,437

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$300M$200M$100M$0-$100MExpenses 2010: $211,884,8382010Expenses 2011: $184,337,3732011Expenses 2012: $177,092,5972012Expenses 2013: $216,000,2882013Revenue 2014: $250,945,257Expenses 2014: $216,586,935Net Income 2014: $34,358,3222014Revenue 2015: $216,580,020Expenses 2015: $213,731,628Net Income 2015: $2,848,3922015Revenue 2016: $204,399,906Expenses 2016: $207,918,086Net Income 2016: -$3,518,1802016Revenue 2017: $210,147,112Expenses 2017: $213,096,462Net Income 2017: -$2,949,3502017Revenue 2021: $265,225,166Expenses 2021: $209,722,117Net Income 2021: $55,503,0492021Revenue 2022: $187,471,975Expenses 2022: $206,526,832Net Income 2022: -$19,054,8572022Revenue 2023: $248,040,496Expenses 2023: $223,610,873Net Income 2023: $24,429,6232023Revenue 2024: $257,747,221Expenses 2024: $246,707,001Net Income 2024: $11,040,2202024

Highlighted filing

2022

Revenue$187,471,975
Expenses$206,526,832
Net Income-$19,054,857
Jump To
Filing Snapshot
Filing Period
Jul 1, 2021 to Jun 30, 2022
Signed
May 11, 2023
Return Version
2021v4.2
Gross Receipts
$259,955,920
Mission and Program Overview

Mission

Establish, maintain and operate a computerized library network and to promote the evolution of library use, of libraries themselves and of librarianship, and to provide processes and products for the benefit of library users and libraries, including such objectives as increasing availability of library resources to individual library patrons and reducing the rate-of-rise of library per-unit costs, all for the fundamental public purpose of furthering ease of access to and use of the ever-expanding body of worldwide scientific, literary and educational knowledge and information.

Establish, maintain and operate a computerized library network and to (continued on schedule o) promote the evolution of library use, of libraries themselves and of librarianship, and to provide processes and products for the benefit of library users and libraries, including such objectives as increasing availability of library resources to individual library patrons and reducing the rate-of-rise of library per-unit costs, all for the fundamental public purpose of furthering ease of access to and use of the ever-expanding body of worldwide scientific, literary and educational knowledge and information.

Balance Sheet Detail
LineBeginningEndChange
Assets
Rtn Earn Endowment Incm Other Fnds$322,305,081$301,099,437▼ $21,205,644
Investments in Publicly Traded Securities$256,028,759$216,117,151▼ $39,911,608
Intangible Assets$88,867,123$96,179,359▲ $7,312,236
Savings and Temporary Cash Investments$59,012,913$51,093,842▼ $7,919,071
Land, Buildings, and Equipment, Net$50,258,195$47,370,232▼ $2,887,963
Accounts Receivable$18,083,908$19,642,651▲ $1,558,743
Investments Other Securities$10,300,945$12,384,428▲ $2,083,483
Prepaid Expenses and Deferred Charges$6,452,078$7,967,096▲ $1,515,018
Inventories for Sale or Use$8,692$8,407▼ $285
Pd in Cap Srpls Land Bldg Eqp Fund$0$0→ $0
Cap Stk Tr Prin Current Funds$0$0→ $0
Total Assets$494,924,030$455,088,071▼ $39,835,959
Other Assets Total$5,911,417$4,324,905▼ $1,586,512
Liabilities
Tax Exempt Bond Liabilities$78,716,098$60,046,483▼ $18,669,615
Deferred Revenue$39,262,266$39,095,103▼ $167,163
Accounts Payable and Accrued Expenses$31,776,339$30,327,049▼ $1,449,290
Other Liabilities$22,864,246$24,519,999▲ $1,655,753
Total Liabilities$172,618,949$153,988,634▼ $18,630,315
Net Assets / Fund Balance
Total Net Assets Fund Balance$322,305,081$301,099,437▼ $21,205,644
Total Liabilities and Net Assets / Fund Balance$494,924,030$455,088,071▼ $39,835,959

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$28,777,619$42,317,711$71,095,330
Buildings$8,321,113$62,522,685$70,843,798
Land$9,705,121-$9,705,121
Leasehold Improvements$566,379$2,264,322$2,830,701
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Prichard DavidPresident & CEOFT$838,652$1,387,361$2,226,013
Rozek WilliamCFO, TreasurerFT$349,481$394,320$743,801
Murphy BartChief Information OfficerFT$352,684$269,692$622,376
DEMPSEY LORCAN TERM'D 522VP Oclc Research & Chief SFT$295,998$284,509$580,507
Spayde TammiVP Corporate Human ResourcFT$298,445$264,797$563,242
Sauer-games MaryVP Product ManagementFT$241,333$214,568$455,901
Bordas AndrewVP Management and CustomerFT$239,340$214,385$453,725
Crocco BruceVP Library Services for ThFT$214,301$229,889$444,190
Nilges WilliamVP Business DevelopmentFT$216,065$227,207$443,272
Presas JulieGen Counsel, VP of Legal SFT$228,655$203,238$431,893
Van Lubeek EricVP Managing Director EmeaFT$317,137$89,154$406,291
Collins JenniferExecutive Director - Total Rewars & Hris&r&&n&FT$273,217$73,434$346,651
Collins JenniferExecutive Director - Total Rewars & Hris-$198,405$148,246$346,651
Livingston ScottExec Director - Software DeveloFT$210,057$132,494$342,551
Hohlbein BonnieControllerFT$216,648$125,718$342,366
Heyman MartiExec. Director - Metadata StratFT$159,073$154,149$313,222
Shondell RyanExecutive Director - Data ServiFT$192,937$108,135$301,072
Szabo JohnTrustee - Board & Exec CoPT$59,250-$59,250
Gray-little BernadetteTrustee - Audit ChairPT$36,500-$36,500
Thomas SarahTrusteePT$35,670-$35,670
Steel VirginiaTrustee - Technology PlannPT$35,000-$35,000
Keane KathleenTrustee - Personnel & CompPT$31,500-$31,500
Hilsheimer CindyTrustee - Vice Board ChairPT$29,000-$29,000
Byrd TheresaTrusteePT$29,000-$29,000
Smit AnjaTrusteePT$26,167-$26,167
Lison BarbaraTrustee - Governance ChairPT$25,613-$25,613
Deaton BradyTrustee - Finance & InvestPT$25,250-$25,250
Neal JamesTrustee - Finance & InvestPT$25,000-$25,000
Patrick JohnTrusteePT$25,000-$25,000
Wong ShirleyTrusteePT$24,167-$24,167
Anderson Dr CraigTrusteePT$22,000-$22,000

Highest Paid Contractors

ContractorServicesLocationCompensation
Ahead LLCTechnical Services270 SAMUEL BARNET BLVD, New Bedord, MA 02745$2,660,662
ExpedientTechnical Support Services5700 INNOVATION DR, Dublin, OH 43017$1,360,505
Level 3 Communications LLCTechnical Services250 W OLD WILSON BRIDGE RD 130, Worthington, OH 43085$932,014
Marsh & Mclennan Agency LLCConsulting Services655 METRO PL S 380, Dublin, OH 43017$651,873
Squires Patton Boggs LLPProject Consulting41 SOUTH HIGH STREET, Columbus, OH 43215$610,121
Revenue and Support

Revenue Composition

Contributions and Grants
$1,225,844
Program Service Revenue
$217,112,664
Investment Income
$-30,907,157
Other Revenue
$40,624
All Other Contributions
$156,614
Change in Net Assets
$-19,054,857
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$133,504,892
Other Expenses$73,013,395
Grants and Similar Amounts Paid$8,545
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$90,336,357$8,451,106-$98,787,463
Depreciation Depletion$23,683,338$3,239,781-$26,923,119
Information Technology$13,128,334$2,465,289-$15,593,623
Other Employee Benefits$10,282,889$1,717,117-$12,000,006
Pension Plan Contributions$7,826,903$325,774-$8,152,677
Current Officers, Directors, Trustees, and Key Employees$3,343,938$4,479,537-$7,823,475
Fees for Services Other$6,566,771$718,480-$7,285,251
Payroll Taxes$6,110,055$631,216-$6,741,271
Occupancy$5,310,904$-891-$5,310,013
Royalties$2,940,096--$2,940,096
Office Expenses$2,286,660$464,648-$2,751,308
Travel$989,819$226,040-$1,215,859
Other Expenses$2,354,599$1,082,631-$1,082,631
Fees for Services Legal-$918,187-$918,187
Fees for Services Accounting-$863,474-$863,474
Conferences and Meetings$784,568--$784,568
Insurance$701,167$77,069-$778,236
Interest$621,043--$621,043
Advertising$230,254--$230,254
Fees for Services Lobbying$180,000--$180,000
Fees for Service Investment Mgmnt Fees-$139,481-$139,481
Grants to Domestic Orgs$8,545--$8,545
Total Functional Expenses$180,727,893$25,798,939$0$206,526,832
International Activity

International Summary

Offices
11
Employees
339
Spending
$46,714,000

International Compliance

Foreign grant records maintained
Yes
Activity in boycott countries
Yes
Foreign corporation ownership
Yes
Foreign partnership interest
No
Interest in foreign trust
No
Passive foreign investment company interest
No
Transfers to foreign corporations
No

International Activities

RegionActivityServicesOfficesEmployeesSpending
EuropeProgram Services6 Disregarded Subs Providing Library Services and Support to Libraries in Europe.7310$42,074,000
East Asia and the PacificProgram ServicesChina, Taiwan and Australia Providing Information About Oclc Services to Libraries.321$3,119,000
North America (outside Usa)Program ServicesQuebec and Mexico (home Office). Sales Solicitation and Information About Oclc Products and Services.18$1,521,000
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
Yes
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Post Retirement Benefits$15,493,716
Members Subscription Balances$7,600,029
Other Liabilities$1,069,646
Deferred Retirement$356,608

Bond Issues

BondIssuerIssuedIssue PricePurpose
AColumbus-franklin County Finance Authority2016-04-14$30,000,000SEE PART VI
BColumbus-franklin County Finance Authority2018-03-28$30,000,000SEE PART VI
CColumbus-franklin County Finance Authority2020-11-26$30,000,000SEE PART VI
DColumbus-franklin County Finance Authority2020-12-10$30,000,000SEE PART VI

Bond Proceeds

BondTotal ProceedsSpentRetiredIssuance Costs
A$30,000,000---
B$30,000,000---
C$30,000,000---
D$30,000,000---

Bond Financing Compliance

No rebate due
No
Rebate not yet due
No
Form 8038-T filed
No
Gross proceeds invested
No
Gross proceeds invested in GIC
No
Exception to rebate
Yes
Corrective action procedures
Yes
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
Yes
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, Line 1A

The board of trustees may designate three (3) or more trustees, including the chair of the board, to constitute an executive committee, which committee shall have and exercise the authority of the board of trustees in the management of the affairs of the corporation when the board of trustees is not in session.

Form 990, Part VI, Section A, Line 6

Membership in oclc is open to any library or other memory institution that embraces the oclc values of collaboration and sharing. Institutions worldwide become members by contractually agreeing to contribute intellectual content or share resources. Members may include libraries, museums, archives, historical societies, or similar institutions. Oclc members in each of three worldwide regions organize into regional councils. Each regional council elects delegates to the oclc global council. This body consists of 48 member delegates and it articulates the various interests of the oclc members to the oclc board of trustees.

Form 990, Part VI, Section A, Line 7A

The oclc global council elects six members of the oclc board of trustees.

Form 990, Part VI, Section B, Line 11B

The 990 return and related schedules and filings (the "return") are prepared and reviewed internally by oclc finance staff in consultation with appropriate oclc personnel. The return is then reviewed by bdo usa, llp. Upon bdo's review, the return is reviewed by appropriate oclc management personnel, such as the chief financial officer, controller and/or general counsel. Upon management's approval, the return is provided electronically for review to one or more members of the board of trustees.

Form 990, Part VI, Section B, Line 12C

All employees are required to certify their knowledge of, and compliance with, the policy on an annual basis by signing a statement. If it is unclear if a conflict exists, the employee must contact the general counsel for clarification. In addition to the general policy for all employees, members of the oclc board of trustees and the strategic leadership team are required to answer more detailed questions in writing on an annual basis and all responses are reviewed by the audit committee of the oclc board of trustees.

Form 990, Part VI, Section B, Line 15

For all executives, the personnel and compensation committee of the oclc board of trustees reviews the proposed compensation and an analysis of compensation in the marketplace for comparable positions prepared by an outside consultant. Once approved by the committee, the entire board of trustees meets in executive session to review and vote on the compensation packages. The committee and the full board consist only of individuals who do not have a conflict of interest with respect to setting the compensation for the executives. Written minutes of all board committees and board of trustee meetings are prepared. More information about oclc executive compensation can be found on the oclc website at the following link: http://www.oclc.org/en-us/about/finance/executive_compensation.html

Form 990, Part VI, Section C, Line 19

The articles of incorporation and the annual audited financial statements are available on the oclc website. Http://www.oclc.org/en-us/membership/councils.html http://www.oclc.org/en-us/about/finance.html in addition, the annual report (including condensed financial statements) is provided to the directors of all members. The annual report is also available on the oclc website http://www.oclc.org/en-us/about/finance.html

Filing and Contact Details

Filer

Filer Name
Oclc Inc
EIN
31-0734115
Phone
6147646000
Address
6565 KILGOUR PLACE, DUBLIN, OH 43017

Signing Officer

Name
William Rozek
Title
Treasurer & CFO
Phone
6147646000
Signed
2023-05-11
Discuss with paid preparer
Yes

Organization Details

Principal Officer
William Rozek
Formed
1967
Legal Domicile
Oh
Voting Board Members
14
Independent Board Members
14
Employees
938
Volunteers
0

Preparer

Firm
Bdo USA Llp
Address
300 SPRUCE STREET SUITE 100, COLUMBUS, OH 43215
Preparer
Jacob Cook
Phone
6167747000
Supplemental Narrative

Additional Explanations

FORM 990, PART XI, LINE 9:

Foreign currency translation -7,945,482. Unrealized post retirement -267,366. Income on investment in subsidiaries 15,405.

Philosophy Statement on Board of Trustees Compensation

Since 1979, the oclc board of trustees has determined that compensation for trustee service is appropriate in order to attract and retain the most qualified and able individuals, to promote economic diversity by providing an opportunity to contribute to the work of the board by those who might otherwise be unable to do so, and to provide tangible compensation for the considerable time and effort of trustees in support of oclc's mission. Because of the significant time commitment involved in board service, many trustees must limit consulting and other activities for which they would be compensated. Compensation will be provided to non-employee trustees, by action of the board, at levels consistent with those provided by other non-profit organizations that also compensate their board members/trustees (with market defined by data from 990 filings, supplemented by non-profit published survey data). Compensation levels are also reviewed from time to time by independent compensation consultants for benchmarking against other non-profit organizations. Board compensation consists of cash payments structured as a combination of retainers and meeting fees, with higher compensation amounts for chairs of the board and board committees reflecting the additional time requirements of these positions. From time to time, there may also be additional trustee compensation for special projects/assignments as determined by the board, depending on duration and additional time requirements. More information about oclc board compensation can be found on the oclc website at the following link: http://www.oclc.org/en-us/about/finance/compensation_q_and_a.html

Financial Statement Notes

PART X, LINE 2:

Information required in sch d, part x regarding the financial statement footnote for liability for uncertain tax positions under fin 48 (fasb interpretation no. 48, accounting for uncertainty in income taxes). This is now codified as accounting standards codification (asc) 740-10. The text of the footnote in oclc's consolidated financial statements as audited by oclc's independent auditor, bdo, is as follows: accounting standards codification (asc) 740-10, income taxes, addresses the accounting for uncertainties in income taxes recognized in an enterprise's financial statements and prescribes a threshold of "more-likely-than-not" for recognition of tax positions taken or expected to be taken in a tax return. Asc 740-10 also provides related guidance on measurement, classification, interest and penalties, and disclosure. Oclc evaluated its tax positions at june 30, 2022 and 2021. Based on this evaluation, oclc determined that there was no material impact to the corporation's consolidated financial statements.

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IRS990/Desc0OCLCOCLC IS A NONPROFIT GLOBAL LIBRARY COOPERATIVE THAT PROVIDES SHARED TECHNOLOGY SERVICES, ORIGINAL RESEARCH AND COMMUNITY PROGRAMS SO THAT LIBRARIES CAN BETTER FUEL LEARNING, RESEARCH AND INNOVATION. THROUGH OCLC, MEMBER LIBRARIES COOPERATIVELY PRODUCE AND MAINTAIN WORLDCAT, THE MOST COMPREHENSIVE GLOBAL NETWORK OF DATA ABOUT LIBRARY COLLECTIONS AND SERVICES. LIBRARIES GAIN EFFICIENCIES THROUGH OCLC'S WORLDSHARE, A COMPLETE SET OF LIBRARY MANAGEMENT APPLICATIONS AND SERVICES BUILT ON AN OPEN, CLOUD-BASED PLATFORM. IT IS THROUGH COLLABORATION AND SHARING OF THE WORLD'S COLLECTED KNOWLEDGE THAT LIBRARIES CAN HELP PEOPLE FIND ANSWERS THEY NEED TO SOLVE PROBLEMS. TOGETHER AS OCLC, MEMBER LIBRARIES, STAFF AND PARTNERS MAKE BREAKTHROUGHS POSSIBLE.OCLC NARRATIVE FOR FY21-22THE LAST TWO YEARS USHERED IN SWEEPING CHANGES THAT CHALLENGED ROUTINES AND RESOLVE. WE'VE ALL WITNESSED DIGITAL TRANSFORMATION IN MANY FACETS OF HOW WE LIVE AND WORK. WE HAVE ADAPTED.OCLC HAD BEEN INVESTING IN NEW SERVICES, TECHNOLOGY, AND INFRASTRUCTURE BEFORE THE COVID-19 PANDEMIC ACCELERATION STARTED. THAT PROVIDED A HEAD START TO STEP UP AND MEET THE RAPIDLY EVOLVING NEEDS OF LIBRARIES THROUGH CRITICALLY IMPORTANT RESEARCH, TRAINING, AND NEW SERVICES. OCLC HAS INVESTED HEAVILY IN PEOPLE, PROCESSES, AND TECHNOLOGY. BECAUSE OF THOSE INVESTMENTS, THE ORGANIZATION WAS ABLE TO PIVOT, INNOVATE AT A FASTER PACE THAN EVER BEFORE, AND HELP LIBRARIES ADVANCE WHEN THEY WERE NEEDED MOST TO SUPPORT COMMUNITIES IN CRISIS.WORLDCATWORLDCAT IS A REMARKABLE ACHIEVEMENT IN GLOBAL COLLABORATION. FOR MORE THAN 50 YEARS, MEMBER LIBRARIES ALONG WITH OCLC METADATA EXPERTS HAVE CONTRIBUTED, ENHANCED, AND IMPROVED BIBLIOGRAPHIC DATA TO CONNECT CULTURAL AND SCHOLARLY RESOURCES IN LIBRARIES WORLDWIDE. OCLC PARTNERED WITH HUNDREDS OF LIBRARIES TO BUILD THE NEW WORLDCAT.ORG, THE ONLY SITE WHERE ANYONE CAN EXPLORE BILLIONS OF ITEMS FROM A GLOBAL NETWORK OF THOUSANDS OF LIBRARY LOCATIONS IN A SINGLE SEARCH. THE REDESIGNED WORLDCAT.ORG FEATURES AN IMPROVED USER EXPERIENCE, INCREASES THE IMPACT OF LIBRARIES ON THE WEB, AND PROVIDES MORE WAYS TO CONNECT WITH PEOPLE.OCLC COMPLETED THE RE-ARCHITECTURE OF THE WORLDCAT KNOWLEDGE BASE. THIS MULTI-YEAR PROJECT MAKES E-CONTENT MORE DISCOVERABLE AND IMMEDIATELY ACCESSIBLE TO LIBRARY USERS. A STRONG KNOWLEDGE BASE IS THE FOUNDATION FOR MANAGING E-RESOURCES, INCLUDING CONTINUAL EXPANSION OF AVAILABLE E-RESOURCES AND FOSTERING NEW APPROACHES TO COLLECTION MANAGEMENT. AT THE END OF THE FISCAL YEAR, THE WORLDCAT KNOWLEDGE BASE INCLUDED 22,786 COLLECTIONS FROM 661 PROVIDERS, COMPRISING 62,463,124 RECORDS-A 19% INCREASE IN COLLECTIONS AND A 12% INCREASE IN RECORDS FROM THE PREVIOUS YEAR.THROUGH A NEW PROGRAM WITH GOOGLE, RECORDS OF PRINT BOOKS DISCOVERED THROUGH GOOGLE SEARCH NOW LINK DIRECTLY TO LIBRARY CATALOGS USING WORLDCAT DATA. THE PROGRAM IMPROVES THE VISIBILITY OF LIBRARY COLLECTIONS ON THE OPEN WEB AND WILL EXPAND TO MORE LIBRARIES AND CONNECT TO MORE LIBRARY RESOURCES IN THE FUTURE. OCLC IS THE LARGEST PROVIDER OF LIBRARY DATA TO GOOGLE AND HAS WORKED WITH THEM FOR MORE THAN 13 YEARS TO INCREASE ACCESS TO INFORMATION IN LIBRARIES ON THE WEB.RESOURCE SHARINGMORE THAN 10,000 LIBRARIES IN 56 COUNTRIES USED OCLC RESOURCE SHARING SERVICES THIS YEAR, PROCESSING 4.6 MILLION INTERLIBRARY LOAN REQUESTS, AN INCREASE OF 7% FROM LAST YEAR. MUCH OF THIS GROWTH WAS DUE TO THE IMPLEMENTATION OF THE LIBRARY ON-DEMAND VISION, WHICH PROVIDES NEW SMART FULFILLMENT FUNCTIONALITY THAT GETS ITEMS TO LIBRARY USERS FASTER AND SAVES LIBRARY STAFF TIME.SMART FULFILLMENT MAKES FAST, DATA-DRIVEN RECOMMENDATIONS BASED ON A LIBRARY'S LOCAL POLICIES, ITEM AVAILABILITY, NETWORK RELATIONSHIPS, AND USER NEEDS.MORE THAN 1,000 LIBRARIES PARTICIPATED IN THE NEW EXPRESS DIGITAL DELIVERY PROGRAM THAT FACILITATES EXCEPTIONALLY FAST ILL PROCESSING AND CUT THE AVERAGE TURNAROUND TIME BY 50%. DURING FY22, MORE THAN 455,000 COPY REQUESTS WERE FILLED IN AN AVERAGE OF 10 HOURS AMONG EXPRESS
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IRS990/InventoriesForSaleOrUseGrp/EOYAmt08407
IRS990/InvestmentIncomeGrp/ExclusionAmt09732986
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt09732986
IRS990/InvestmentInJointVentureInd00
IRS990/InvestmentsOtherSecuritiesGrp/BOYAmt010300945
IRS990/InvestmentsOtherSecuritiesGrp/EOYAmt012384428
IRS990/InvestmentsPubTradedSecGrp/BOYAmt0256028759
IRS990/InvestmentsPubTradedSecGrp/EOYAmt0216117151
IRS990/InvestTaxExemptBondsInd00
IRS990/IRPDocumentCnt0116
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt0107104718
IRS990/LandBldgEquipBasisNetGrp/BOYAmt050258195

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