American Booksellers Assoc Inc
- Assets
- $37.3m
- Revenue
- $5.1m
- Investments
- $0.0
- Employees
- 43
- Location
- Harrison, NY
- Founding
- 01/1938
- Data as of
- 09/2023
- EIN
- 13-5676641
Organization Overview
American Booksellers Assoc Inc is located in Harrison, NY. The organization was established in 1938. According to its NTEE Classification (A33) the organization is classified as: Printing & Publishing, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 09/2023, American Booksellers Assoc Inc employed 43 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. American Booksellers Assoc Inc is a 501(c)(6) and as such, is described as a "Business League, Chambers of Commerce, or Real Estate Board" by the IRS.
For the year ending 09/2023, American Booksellers Assoc Inc generated $5.1m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 1.6% each year. All expenses for the organization totaled $5.8m during the year ending 09/2023. While expenses have increased by 3.0% per year over the past 8 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
PROTECTS THE WELL-BEING OF BOOK RETAILERS AND PROMOTES THE AVAILABILITY OF BOOKS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
CONTENT AND EDUCATION: FOUNDED IN 1900, THE AMERICAN BOOKSELLERS ASSOCIATION IS A NATIONAL NOT-FOR-PROFIT TRADE ORGANIZATION THAT WORKS TO HELP INDEPENDENTLY OWNED BOOKSTORES GROW AND SUCCEED. ABA'S CORE MEMBERS ARE KEY PARTICIPANTS IN THEIR COMMUNITIES' LOCAL ECONOMY AND CULTURE AND TO ASSIST THEM, ABA PROVIDES EDUCATION, INFORMATION DISSEMINATION, BUSINESS PRODUCTS, AND SERVICES; CREATES RELEVANT PROGRAMS; AND ENGAGES IN PUBLIC POLICY, INDUSTRY, AND LOCAL-FIRST ADVOCACY. THE ASSOCIATION ACTIVELY SUPPORTS AND DEFENDS FREE SPEECH AND THE FIRST AMENDMENT RIGHTS OF ALL AMERICANS. A VOLUNTEER BOARD OF 12 BOOKSELLERS GOVERNS THE ASSOCIATION. ABA IS HEADQUARTERED IN WHITE PLAINS, NY.
PRODUCTS AND SERVICES: ABA OFFERS MEMBERS FOR A MONTHLY FEE AN E-COMMERCE PLATFORM AND THE TOOLS NECESSARY FOR THEM TO CREATE FULLY TRANSACTIONAL E- COMMERCE WEBSITES. ALL ABA MEMBERS' BOOKSTORES CAN OFFER THEIR CUSTOMERS A RANGE OF READING DEVICES AND/OR DIGITAL TITLES AND AUDIOBOOK TITLES. ABA COMPILES AND DISTRIBUTES TO MEMBERS A MONTHLY LIST, IN HARDCOPY FOR DISTRIBUTION IN-STORE AND VIA EMAIL TO STORES' CUSTOMERS, OF INDEPENDENT BOOKSELLER RECOMMENDATIONS, TO BE USED AS A SALES TOOL. ON SMALL BUSINESS SATURDAY, ABA FACILITATES INDIES FIRST, BRINGING TOGETHER AUTHORS, READERS, AND PUBLISHERS AT EVENTS ACROSS THE COUNTRY TO SUPPORT INDEPENDENT BOOKSELLERS. ABA COORDINATES SPECIAL HOLIDAY PURCHASING PROGRAMS FOR MEMBER STORES. ABA ALSO OFFERS MEMBERS A COMPREHENSIVE DATABASE OF PUBLISHERS' BUSINESS TERMS THAT IS REGULARLY UPDATED. ABA OFFERS DISCOUNTED OR REDUCED PRICES ON SHIPPING, PAPER ITEMS, CREDIT CARD PROCESSING, AND OTHER AFFINITY PARTNER PRODUCTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Christine Onorati President (through May 2023) | OfficerTrustee | 2 | $0 |
Tegan Tigani President | OfficerTrustee | 2 | $0 |
Cynthia Compton Co-Vice President/secretary | OfficerTrustee | 2 | $0 |
Jenny Cohen Co-Vice President | OfficerTrustee | 2 | $0 |
Angela Maria Spring Co-Vice President (through May 2023) | OfficerTrustee | 2 | $0 |
Jessica Stockton Bagnulo Board Member | Trustee | 2 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Lullabot Consulting Inc Design And Development | 9/29/23 | $1,665,966 |
Merrill Lynch Investment Management | 9/29/23 | $382,089 |
Pri Communications Printing | 9/29/23 | $239,568 |
Transport Specialties International Mailing | 9/29/23 | $298,199 |
Rackspace Us Inc Cloud Hosting | 9/29/23 | $133,997 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $25,074 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $44,900 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $69,974 |
| Total Program Service Revenue | $3,738,321 |
| Investment income | $701,280 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $129,973 |
| Net Gain/Loss on Asset Sales | $291,497 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $5,145,509 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $110,715 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $935,170 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,521,042 |
| Pension plan accruals and contributions | $5,807 |
| Other employee benefits | $244,592 |
| Payroll taxes | $205,220 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $33,852 |
| Fees for services: Accounting | $22,436 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $174,303 |
| Fees for services: Other | $124,253 |
| Advertising and promotion | $47,092 |
| Office expenses | $244,204 |
| Information technology | $297,386 |
| Royalties | $0 |
| Occupancy | $190,121 |
| Travel | $227,990 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,218,599 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $35,703 |
| All other expenses | $0 |
| Total functional expenses | $5,750,458 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $502,643 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $104,829 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $53,884 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $25,411,736 |
| Investments—other securities | $0 |
| Investments—program-related | $11,080,107 |
| Intangible assets | $0 |
| Other assets | $112,996 |
| Total assets | $37,266,195 |
| Accounts payable and accrued expenses | $630,979 |
| Grants payable | $0 |
| Deferred revenue | $385,770 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $3,699,564 |
| Total liabilities | $4,716,313 |
| Net assets without donor restrictions | $32,549,882 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $37,266,195 |