They have been partners for decades, but the relationship between the Arlington County library system and Friends of the Arlington County Library is set to be memorialized on paper.
Arlington County Board members on Sept. 14 are slated to approve a memorandum of understanding between the two bodies, updating the terms by which the non-profit will provide financial support to the library system and how the library system will remit revenues that the library collects on behalf of the group.
Each year, the friends organization expends about $300,000 in support of library programming, much of it collected through well-attended book sales. Based on IRS Form 990 filings for non-profits, the organization’s net assets have tended to hover in the range of $2.5 million over the past decade. It is run on an all-volunteer basis.
