American Booksellers Assoc Inc
- Assets
- $38.0m
- Revenue
- $4.2m
- Investments
- $0.0
- Employees
- 37
- Location
- White Plains, NY
- Founding
- 01/1938
- Data as of
- 09/2019
- EIN
- 13-5676641
Organization Overview
American Booksellers Assoc Inc is located in White Plains, 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 09/2019, American Booksellers Assoc Inc employed 37 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations.
For the year ending 09/2019, American Booksellers Assoc Inc generated $4.2m in total revenue. The organization has seen a slow decline revenue. Over the past 5 years, revenues have fallen by an average of (1.6%) each year. All expenses for the organization totaled $5.1m during the year ending 09/2019. 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
2019
Describe the Organization's Mission:
Part 3 - Line 1
THE MISSION OF THE AMERICAN BOOKSELLERS ASSOCIATION, INC. IS TO PROMOTE THE SUCCESS OF MEMBER BOOKSELLERS BY: CREATING AND PROVIDING MEMBER ACCESS TO A KNOWLEDGE BASE THAT IS SUPPORTIVE OF PROFESSIONAL COMPETENCE AND BUSINESS SUCCESS; FOSTERING NATIONAL AND LOCAL POLICY INITIATIVES THAT ARE SUPPORTIVE OF A DIVERSE AND COMPETITIVE BOOKSELLING ENVIRONMENT AND THAT PRODUCE A LEVEL PLAYING FIELD WITH OTHER BOOK RETAILERS; AND PROMOTING FREEDOM OF EXPRESSION, THE BENEFITS OF READING, AND UNIVERSAL LITERACY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
CONTENT AND EDUCATION:ABA PROVIDES ITS MEMBERS A WIDE RANGE OF EDUCATIONAL PROGRAMMING TO HELP THEM IMPROVE THEIR BUSINESS SKILLS AND TRAINING. THIS PROGRAMMING IS AVAILABLE IN PERSON TO MEMBERS AT VARIOUS ANNUAL, NATIONAL EVENTS, INCLUDING WINTER INSTITUTE AND CHILDREN'S INSTITUTE, AS WELL AS REGIONAL EVENTS THROUGHOUT THE YEAR AND SPECIALTY WORKSHOPS. IT IS ALSO AVAILABLE ONLINE AT ABA'S MEMBER WEBSITE. OTHER NOTABLE ACTIVITIES INCLUDE ABA'S ANNUAL SURVEY OF BOOKSTORE FINANCIALS, WHICH CREATES CUSTOMIZED REPORTS FOR PARTICIPATING MEMBER BOOKSTORES, AND ONLINE BOOKSELLER FORUMS, WHERE MEMBERS CAN SHARE QUESTIONS, SOLUTIONS, AND RELEVANT INFORMATION.
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 MEMBER 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 |
|---|---|---|---|
Oren Teicher Executive Director | Officer | 40 | $392,930 |
Joy Dallanegra-Sanger Senior Program Officer | Officer | 40 | $173,415 |
Robyn Deshotel CFO (outoging) | Officer | 40 | $168,375 |
Daniel Cullen Senior Strategy Officer | 40 | $127,642 | |
Meg Smith Marketing Officer | 40 | $116,013 | |
Jill Perlstein Meetings And Planning Officer | 40 | $115,327 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Marks Paneth Accounting | 9/29/19 | $134,500 |
Kelley Drye & Warren Legal Services | 9/29/19 | $101,976 |
Shelf Awarenes Publishing | 9/29/19 | $220,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $56,861 |
| Investment income | $672,130 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $301,828 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $220,812 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $4,191,019 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $628,546 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,482,538 |
| Pension plan accruals and contributions | $25,011 |
| Other employee benefits | $291,296 |
| Payroll taxes | $141,678 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $116,589 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $44,780 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $182,590 |
| Fees for services: Other | $283,334 |
| Advertising and promotion | $40,244 |
| Office expenses | $191,750 |
| Information technology | $19,343 |
| Royalties | $0 |
| Occupancy | $153,666 |
| Travel | $302,234 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $8,674 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $37,559 |
| All other expenses | $0 |
| Total functional expenses | $5,072,899 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $197,324 |
| Savings and temporary cash investments | $183,017 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $9,844 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $10,366 |
| Prepaid expenses and deferred charges | $47,044 |
| Investments—publicly traded securities | $26,501,000 |
| Investments—other securities | $0 |
| Investments—program-related | $10,780,107 |
| Intangible assets | $0 |
| Other assets | $229,228 |
| Total assets | $37,957,930 |
| Accounts payable and accrued expenses | $996,765 |
| Grants payable | $0 |
| Deferred revenue | $349,904 |
| 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 | $2,061,382 |
| Total liabilities | $3,408,051 |
| Net assets without donor restrictions | $34,549,879 |
| 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 |
| Total liabilities and net assets/fund balances | $34,549,879 |
Endowment Analysis
Peer Organizations
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|---|---|---|
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Project Veritas Mamaroneck, NY | $3,565,101 | $12,151,496 |
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Harpers Magazine Foundation New York, NY | $1,958,684 | $7,115,077 |
Machon Mashe Rockeach Inc Brooklyn, NY | $2,041,088 | $6,252,626 |
Retro Report Inc Mystic, CT | $724,614 | $6,079,524 |
American Booksellers Assoc Inc White Plains, NY | $37,957,930 | $4,191,019 |
The New Press Inc New York, NY | $5,136,219 | $4,341,781 |
National Braille Press Inc Boston, MA | $7,828,765 | $5,015,309 |
Medical Letter Inc New Rochelle, NY | $3,888,891 | $4,639,901 |
University Of Pennsylvania Press Incorporated Philadelphia, PA | $1,863,072 | $3,961,976 |
Repertoire International De Litterature Musicale Inc New York, NY | $3,674,550 | $4,301,073 |