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The accompanying financial data represent the accounts of the °ÄÃÅÁùºÏ²Ê¿ª½±app (the Association) and its affiliate, the Allied Professional Association, Inc. (the -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 Association is a tax-exempt organization under Section 501(c)(3) of the Code. The -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 -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.

Learning/Information Sections

Finance 101

Financial Principles Overview

Financial Primer (PPT)

Operating Agreement (PDF)

Operating Agreement Presentation (PPT)

Operating Agreement Handout

Indirect Cost Fact Sheet

Round Tables Financial Planning

Primer

BARC Orientation (PDF)

Oversight Groups

Budget Analysis and Review Committee (BARC)

Endowment Trustees

Finance and Audit Committee (F&A)

Planning and Budget Assembly (PBA)

Other Links

Operating Agreement

Indirect Cost Fact Sheet (PDF)

Endowment Fund Fact Sheet (PDF)

Endowment Policy 8.5.1 (Word)

Announcements