Institute For Museum and Library Services (IMLS) Releases FY 2022 Annual Financial Report

From an IMLS Announcement:

The Institute of Museum and Library Services announced today that the agency’s  (AFR) is now available for FY 2022. The report details the health of the agency’s finances from October 1, 2021, to September 30, 2022, as required by the Office of Management and Budget. IMLS received a seventeenth consecutive unmodified opinion, with no material weaknesses. This is evidence of the organization’s continued emphasis on reviewing and strengthening internal controls.

The AFR showcases key financial impacts of the agency’s grant programs for FY 2022. Highlights from the report include:

• IMLS used an appropriation of $4,000,000 to enter into an Interagency Agreement with the Smithsonian Institution Museum of the American Latino to expand its Latino Museum Studies Program to create and support three cohorts of new fellowships focused on Arts Administration. The agency also awarded funds from the appropriation to support grant awards in four funding programs that reflected the spirit of the legislation to improve operations, care of collections, public outreach, and professional development in American Latino museums.
• Through a partnership with the National Endowment for the Humanities (NEH), IMLS supports Digital Humanities Advancement Grants, an NEH program that enhances scholarly research, teaching, and public programming in the humanities. IMLS funding to this program encourages innovative collaborations between library and archival professionals, humanities professionals, and relevant communities to empower learning, foster civic cohesion, and strengthen knowledge networks.
• The National Student Poets Program (NSPP) is one of the Nation’s highest honors for youth poets presenting original work. A collaboration with the Alliance for Young Artists & Writers, the program strives to inspire other young people to achieve excellence in their own creative endeavors and promote the essential role of writing and the arts in academic and personal success. In 2022 the Poets’ appointment ceremony was held in person at Planet Word in Washington, DC, followed by a ceremony at the White House with Dr. Jill Biden, First Lady of the United States.
• In October 2021, IMLS announced $15,255,733 in American Rescue Plan (ARP) Act grants to institutions across 49 states, the District of Columbia, and Puerto Rico through this funding program. A total of 390 projects were awarded from 572 applications for the stimulus funding opportunity, requesting $22,840,029. Organizations receiving awards are matching them with $20,155,341 in non-federal funds. Designed as fast-track projects to serve immediate community needs, awards were made for one-year projects in amounts ranging from $10,000 to $50,000.

For more information about IMLS’s financial activities in FY 2022, the full report is available on the IMLS website. IMLS released its FY 2022 Annual Performance Report in February.

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