| Return Reference | Explanation |
|---|---|
| FORM 990, PART VI, SECTION A, LINE 6 | ABA'S GENERAL MEMBERSHIP WILL BE MADE UP OF BUSINESSES THAT PRIMARILY SELL BOOKS, MEANING MORE THAN 50 PERCENT OF THEIR INVENTORY MUST BE IN BOOKS AND/OR BOOK MEDIA. THERE SHALL BE CLASSES OF MEMBERS, INCLUDING CORE MEMBERS AND BOOKSTORE MEMBERS. CORE MEMBERS: ANY COMMERCIAL ESTABLISHMENT THAT IS PRIMARILY ENGAGED IN THE RETAIL SALE OF NEW BOOKS (OVER 50 PERCENT INVENTORY) SHALL BE ELIGIBLE TO BECOME A CORE MEMBER. THESE INCLUDE TRADITIONAL BOOKSTORES, POP-UP BOOKSTORES, MOBILE STORES, BOOK EVENT BUSINESSES, AND OTHER NON-TRADITIONAL BOOKSELLING BUSINESSES THAT ARE PRIMARILY CONDUCTED IN THE PHYSICAL (AS OPPOSED TO DIGITAL) WORLD. BOOKSTORE MEMBERS: BOOKSTORE MEMBERS INCLUDE CORE MEMBERS AND ONLINE-ONLY BOOKSTORES. BOOKSTORE MEMBERS SHALL HAVE THE RIGHT TO VOTE IN ACCORDANCE WITH THESE BYLAWS. EACH BOOKSTORE MEMBER SHALL APPOINT ONE PERSON AS ITS REPRESENTATIVE TO CAST VOTES ON ITS BEHALF AT MEETINGS OF THE ASSOCIATION AND A PERSON OR PERSONS TO RECEIVE ASSOCIATION COMMUNICATIONS. BOOKSTORE MEMBERS WITH MORE THAN ONE RETAIL OUTLET SHALL HAVE ONLY ONE VOTING REPRESENTATIVE. |
| FORM 990, PART VI, SECTION A, LINE 7A | MEMBERS OF ABA ELECT MEMBERS OF THE GOVERNING BOARD. |
| FORM 990, PART VI, SECTION A, LINE 7B | THE MEMBERS (BOOKSELLERS) OF ABA APPROVE ANY CHANGES TO THE BY-LAWS. |
| FORM 990, PART VI, SECTION B, LINE 11B | THE FEDERAL FORM 990 IS PREPARED BY AN INDEPENDENT ACCOUNTING FIRM, REVIEWED BY MANAGEMENT, AND DISTRIBUTED TO THE BOARD OF DIRECTORS FOR FINAL REVIEW AND APPROVAL BEFORE FILING WITH THE INTERNAL REVENUE SERVICE. |
| FORM 990, PART VI, SECTION B, LINE 12C | THE CONFLICT OF INTEREST POLICY IS SIGNED BY THE OFFICERS AND BOARD MEMBERS ANNUALLY. THE PRESIDENT REVIEWS THE CONFLICT OF INTEREST QUESTIONNAIRES, AND THEY ARE KEPT IN A FILE. |
| FORM 990, PART VI, SECTION B, LINE 15 | ABA CEO COMPENSATION IS DETERMINED BY THE BOARD OF DIRECTORS USING SLARY SURVEYS OF SIMILAR ROLES, BENCHMARKING WITH MARKET DATA, AND BASED ON EXPERIENCE AND PERFORMANCE. ABA USES EXTERNAL SALARY DATA TO SET OFFICER AND KEY EMPLOYEE COMPENSATION. FORM 990, PART VI, SECTION B, LINE 15B: ABA CONDUCTS THE SAME PROCESS DESCRIBED ON LINE 15A TO DETERMINE THE COMPENSATION OF THE CHIEF OPERATING OFFICER AND THE CHIEF FINANCIAL OFFICER. THE PROCESS FOR DETERMINING COMPENSATION IS CONDUCTED ANNUALLY AND WAS LAST COMPLETED IN AUGUST 2024. |
| FORM 990, PART VI, SECTION C, LINE 19 | ABA MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC BY POSTING ON ITS WEBSITE. |
| FORM 990, PART XII, LINE 2C: | THE PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR. |
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