Financial Data
¹Ü¼ÒÆŲÊͼ
The accompanying financial data represent the accounts of the ¹Ü¼ÒÆŲÊͼ (the Association) and its affiliate, the ¹Ü¼ÒÆŲÊͼ Allied Professional Association, Inc. (the ¹Ü¼ÒÆŲÊͼ-APA).
The Association, a not for profit corporation under Section 501(c)3 of the Internal Revenue Code the (the Code) and the oldest and largest national library association in the world, is organized to promote libraries and librarianship. Governed by a council of 182 members (the Council) and representing more than 64,700 personal and organizational members, the mission of the Association is to provide leadership for the development, promotion, and improvement of library and information services and the profession of librarianship in order to enhance learning and ensure access to information for all.
The ¹Ü¼ÒÆŲÊͼ-APA was incorporated in July 2003 as a not-for profit corporation under Section 501(c)6 of the Code. The ¹Ü¼ÒÆŲÊͼ-APA, governed by the Council, is organized to promote the mutual professional interests of librarians and other library workers. Significant inter-company transactions have been eliminated in consolidation.
The Association is a tax-exempt organization under Section 501(c)(3) of the Code. The ¹Ü¼ÒÆŲÊͼ-APA is exempt under Section 501(c)(6) of the Code. Section 501(c)(3) and Section 501(c)(6) organizations are taxed only on income classified as unrelated business income. The ¹Ü¼ÒÆŲÊͼ-APA does not currently have any unrelated business income. The Association has income derived from dues, conference, publishing, grants and investment income. Unrelated business income is taxed in accordance with federal and state income tax regulations.
Oversight Groups
Budget Analysis and Review Committee (BARC)
Finance and Audit Committee (F&A)
Planning and Budget Assembly (PBA)
Staff Support Services (Office of Operations & Support)
Other Links
Financial Reports for past years can be viewed via the Executive Board Documents pages.
