LITERARY CLASSICS OF THE UNITED STATES INC: Form 990, tax year 2014

View the entire original 990 at ProPublica ↗

Organization: LITERARY CLASSICS OF THE UNITED STATES INC (EIN 13-2986916)
Tax period: 2014-07-01 to 2015-06-30
Filed: 2016-05-12
IRS object ID: 201601339349305860
Schema version: 2014v6.0
Source: Download XML · Original 990 at ProPublica

Every field in the e-filed return. Faint text is the IRS element name, for citing.

Return header
Form 990
Schedule A
Schedule B
Schedule D
Schedule J
Schedule M
Schedule O

Return header ReturnHeader

Field	Value	IRS element (for citing)
Return	2016-05-12T16:54:53-05:00	ReturnTs
Tax Period End	2015-06-30	TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

Field	Value	IRS element (for citing)
Preparer Firm EIN	113518842	PreparerFirmEIN

Preparer Firm Name PreparerFirmName

Field	Value	IRS element (for citing)
Business Name Line1	MARKS PANETH LLP	BusinessNameLine1Txt

Preparer US Address PreparerUSAddress

Field	Value	IRS element (for citing)
Address Line1	685 THIRD AVENUE	AddressLine1Txt
City	NEW YORK	CityNm
State Abbreviation	NY	StateAbbreviationCd
ZIP	10017	ZIPCd

Field	Value	IRS element (for citing)
Return Type	990	ReturnTypeCd
Tax Period Begin	2014-07-01	TaxPeriodBeginDt

Filer Filer

Field	Value	IRS element (for citing)
EIN	132986916	EIN

Business Name BusinessName

Field	Value	IRS element (for citing)
Business Name Line1	THE LITERARY CLASSICS OF THE US INC	BusinessNameLine1Txt
Business Name Line2	D/B/A LIBRARY OF AMERICA	BusinessNameLine2Txt

Field	Value	IRS element (for citing)
Business Name Control	LITE	BusinessNameControlTxt
Phone	2123083360	PhoneNum

US Address USAddress

Field	Value	IRS element (for citing)
Address Line1	14 EAST 60TH STREET	AddressLine1Txt
City	NEW YORK	CityNm
State Abbreviation	NY	StateAbbreviationCd
ZIP	10022	ZIPCd

Business Officer BusinessOfficerGrp

Field	Value	IRS element (for citing)
Person	DANIEL BAKER	PersonNm
Person Title	CHIEF FINANCIAL OFFICER	PersonTitleTxt
Phone	2123083360	PhoneNum
Signature	2016-05-12	SignatureDt
Discuss With Paid Preparer	Yes (1)	DiscussWithPaidPreparerInd

Preparer Person PreparerPersonGrp

Field	Value	IRS element (for citing)
Preparer Person	ROBERT LYONS	PreparerPersonNm
PTIN	P00227472	PTIN
Phone	2125038800	PhoneNum
Preparation	2016-05-12	PreparationDt

Field	Value	IRS element (for citing)
Tax	2014	TaxYr
Build TS	2016-08-17 19:52:53Z	BuildTS

Form 990 IRS990

Doing Business As Name DoingBusinessAsName

Field	Value	IRS element (for citing)
Business Name Line1	THE LIBRARY OF AMERICA	BusinessNameLine1Txt

Field	Value	IRS element (for citing)
Principal Officer	CHERYL HURLEY	PrincipalOfficerNm

US Address USAddress

Field	Value	IRS element (for citing)
Address Line1	14 EAST 60TH STREET	AddressLine1Txt
City	NEW YORK	CityNm
State Abbreviation	NY	StateAbbreviationCd
ZIP	10022	ZIPCd

Field	Value	IRS element (for citing)
Gross Receipts	$7,857,205	GrossReceiptsAmt
Group Return For Affiliates	0	GroupReturnForAffiliatesInd
Organization501c3	Yes (X)	Organization501c3Ind
Website Address	WWW.LOA.ORG	WebsiteAddressTxt
Type Of Organization Corp	Yes (X)	TypeOfOrganizationCorpInd
Formation	1979	FormationYr
Legal Domicile State	NY	LegalDomicileStateCd
Activity Or Mission	THE LIBRARY OF AMERICA WAS FOUNDED IN 1979 TO UNDERTAKE A HISTORIC ENDEAVOR: TO HELP PRESERVE THE NATION'S CULTURAL HERITAGE BY PUBLISHING AMERICA'S BEST AND MOST SIGNIFICANT WRITING IN DURABLE AND AUTHORITATIVE EDITIONS.	ActivityOrMissionDesc
Voting Members Governing Body	18	VotingMembersGoverningBodyCnt
Voting Members Independent	15	VotingMembersIndependentCnt
Total Employee	19	TotalEmployeeCnt
Total Volunteers	100	TotalVolunteersCnt
Total Gross UBI	$0	TotalGrossUBIAmt
Net Unrelated Bus Txbl Incm	$0	NetUnrelatedBusTxblIncmAmt
PY Contributions Grants	$1,223,160	PYContributionsGrantsAmt
CY Contributions Grants	$2,286,358	CYContributionsGrantsAmt
PY Program Service Revenue	$0	PYProgramServiceRevenueAmt
CY Program Service Revenue	$0	CYProgramServiceRevenueAmt
PY Investment Income	$172,327	PYInvestmentIncomeAmt
CY Investment Income	$212,337	CYInvestmentIncomeAmt
PY Other Revenue	$3,347,253	PYOtherRevenueAmt
CY Other Revenue	$3,130,517	CYOtherRevenueAmt
PY Total Revenue	$4,742,740	PYTotalRevenueAmt
CY Total Revenue	$5,629,212	CYTotalRevenueAmt
PY Grants And Similar Paid	$0	PYGrantsAndSimilarPaidAmt
CY Grants And Similar Paid	$0	CYGrantsAndSimilarPaidAmt
PY Benefits Paid To Members	$0	PYBenefitsPaidToMembersAmt
CY Benefits Paid To Members	$0	CYBenefitsPaidToMembersAmt
PY Salaries Comp Emp Bnft Paid	$1,907,215	PYSalariesCompEmpBnftPaidAmt
CY Salaries Comp Emp Bnft Paid	$2,000,606	CYSalariesCompEmpBnftPaidAmt
PY Total Prof Fndrsng Expns	$0	PYTotalProfFndrsngExpnsAmt
CY Total Prof Fndrsng Expns	$0	CYTotalProfFndrsngExpnsAmt
CY Total Fundraising Expense	$365,353	CYTotalFundraisingExpenseAmt
PY Other Expenses	$3,104,896	PYOtherExpensesAmt
CY Other Expenses	$3,289,833	CYOtherExpensesAmt
PY Total Expenses	$5,012,111	PYTotalExpensesAmt
CY Total Expenses	$5,290,439	CYTotalExpensesAmt
PY Revenues Less Expenses	-$269,371	PYRevenuesLessExpensesAmt
CY Revenues Less Expenses	$338,773	CYRevenuesLessExpensesAmt
Total Assets BOY	$18,462,418	TotalAssetsBOYAmt
Total Assets EOY	$19,259,858	TotalAssetsEOYAmt
Total Liabilities BOY	$779,745	TotalLiabilitiesBOYAmt
Total Liabilities EOY	$1,014,053	TotalLiabilitiesEOYAmt
Net Assets Or Fund Balances BOY	$17,682,673	NetAssetsOrFundBalancesBOYAmt
Net Assets Or Fund Balances EOY	$18,245,805	NetAssetsOrFundBalancesEOYAmt
Info In Schedule O Part III	Yes (X)	InfoInScheduleOPartIIIInd
Mission	THE MISSION OF THE LIBRARY OF AMERICA IS TO FOSTER GREATER APPRECIATION FOR OUR NATION'S LITERARY HERITAGE BY PUBLISHING, AND KEEPING PERMANENTLY IN PRINT, AUTHORITATIVE EDITIONS OF AMERICA'S BEST AND MOST SIGNIFICANT WRITING.	MissionDesc
Significant New Program Srvc	0	SignificantNewProgramSrvcInd
Significant Change	0	SignificantChangeInd
Expense	$3,788,076	ExpenseAmt
Revenue	$3,116,332	RevenueAmt
Desc	THE MAIN FOCUS OF THE ORGANIZATION'S STATED EXEMPT PURPOSE IS TO ASSURE ACCESS BY THE GENERAL PUBLIC TO ESSENTIAL WORKS OF THE AMERICAN LITERARY AND HISTORICAL TRADITION IN ORDER TO PRESERVE THE AMERICAN PAST THROUGH ITS LITERARY AND HISTORICAL ACHIEVEMENTS. ALL OF THE ACTIVITIES OF THE ORGANIZATION RELATE TO ONE PROGRAM, THIS PROGRAM IS KNOWN AS THE LIBRARY OF AMERICA. THE MISSION IS CARRIED OUT BY COMPILING, EDITING AND PUBLISHING INEXPENSIVELY PRICED AND TEXTUALLY ACCURATE EDITIONS OF AMERICA'S BEST AND MOST SIGNIFICANT WRITINGS OF THE PAST. THE BOOKS ARE DISTRIBUTED TO LIBRARIES, EDUCATIONAL INSTITUTIONS, BOOK STORES, AND DIRECTLY TO INDIVIDUALS, THUS MAKING THEM WIDELY AVAILABLE TO SCHOLARS, EDUCATORS, STUDENTS, AND THE ENTIRE GENERAL PUBLIC. TO DATE, THE LIBRARY OF AMERICA HAS PUBLISHED IN EXCESS OF 300 VOLUMES OF LITERATURE, POETRY, AND ANTHOLOGIES, AND, ON AVERAGE, TEN NEW VOLUMES ARE ADDED ANNUALLY. MOST OF THE WORKS ARE KEPT PERMANENTLY IN PRINT IN ORDER TO ASSURE CONTINUED ACCESS FOR FUTURE GENERATIONS. THE EXACT NUMBER OF PEOPLE WHO HAVE BEEN PROVIDED ACCESS TO OTHERWISE UNAVAILABLE WORKS OF OUR GREATEST AMERICAN AUTHORS THROUGH THE EFFORTS OF THE LIBRARY OF AMERICA IS NOT KNOWN. HOWEVER, OVER 3,500 LIBRARIES WITH VERY LIMITED RESOURCES HAVE ACQUIRED THE WORKS FROM THIS PROGRAM, AND APPROXIMATELY 300,000 VOLUMES ARE DISTRIBUTED ANNUALLY TO THE GENERAL PUBLIC, EITHER DIRECTLY OR THROUGH BOOKSTORES. TO DATE OVER SEVEN MILLION VOLUMES HAVE BEEN PRINTED AND DISTRIBUTED. IT IS ESTIMATED THAT TENS OF MILLIONS OF PEOPLE HAVE BEEN PROVIDED ACCESS TO THESE ESSENTIAL WORKS OF AMERICAN LITERATURE THROUGH THE ACTIVITIES CARRIED ON BY THE LIBRARY OF AMERICA.	Desc
Total Program Service Expenses	$3,788,076	TotalProgramServiceExpensesAmt
Described In Section501c3	Yes (1)	DescribedInSection501c3Ind
Schedule B Required	Yes (1)	ScheduleBRequiredInd
Political Campaign Acty	0	PoliticalCampaignActyInd
Lobbying Activities	0	LobbyingActivitiesInd
Subject To Proxy Tax	0	SubjectToProxyTaxInd
Donor Advised Fund	0	DonorAdvisedFundInd
Conservation Easements	0	ConservationEasementsInd
Collections Of Art	0	CollectionsOfArtInd
Credit Counseling	0	CreditCounselingInd
Temp Or Permanent Endowments	Yes (1)	TempOrPermanentEndowmentsInd
Report Land Building Equipment	Yes (1)	ReportLandBuildingEquipmentInd
Report Investments Other Sec	0	ReportInvestmentsOtherSecInd
Report Program Related Invst	0	ReportProgramRelatedInvstInd
Report Other Assets	0	ReportOtherAssetsInd
Report Other Liabilities	0	ReportOtherLiabilitiesInd
Include FIN48 Footnote	Yes (1)	IncludeFIN48FootnoteInd
Independent Audit Fincl Stmt	Yes (1)	IndependentAuditFinclStmtInd
Consolidated Audit Fincl Stmt	0	ConsolidatedAuditFinclStmtInd
School Operating	0	SchoolOperatingInd
Foreign Office	Yes (1)	ForeignOfficeInd
Foreign Activities	0	ForeignActivitiesInd
More Than5000 K To Org	0	MoreThan5000KToOrgInd
More Than5000 K To Individuals	0	MoreThan5000KToIndividualsInd
Professional Fundraising	0	ProfessionalFundraisingInd
Fundraising Activities	0	FundraisingActivitiesInd
Gaming Activities	0	GamingActivitiesInd
Operate Hospital	0	OperateHospitalInd
Grants To Organizations	0	GrantsToOrganizationsInd
Grants To Individuals	0	GrantsToIndividualsInd
Schedule J Required	Yes (1)	ScheduleJRequiredInd
Tax Exempt Bonds	0	TaxExemptBondsInd
Engaged In Excess Benefit Trans	0	EngagedInExcessBenefitTransInd
PY Excess Benefit Trans	0	PYExcessBenefitTransInd
Loan Outstanding	0	LoanOutstandingInd
Grant To Related Person	0	GrantToRelatedPersonInd
Business Rln With Org Mem	0	BusinessRlnWithOrgMemInd
Business Rln With Fam Mem	0	BusinessRlnWithFamMemInd
Business Rln With Officer Ent	0	BusinessRlnWithOfficerEntInd
Deductible Non Cash Contri	Yes (1)	DeductibleNonCashContriInd
Deductible Art Contribution	0	DeductibleArtContributionInd
Terminate Operations	0	TerminateOperationsInd
Partial Liquidation	0	PartialLiquidationInd
Disregarded Entity	0	DisregardedEntityInd
Related Entity	0	RelatedEntityInd
Related Organization Ctrl Ent	0	RelatedOrganizationCtrlEntInd
Trnsfr Exmpt Non Chrtbl Rltd Org	0	TrnsfrExmptNonChrtblRltdOrgInd
Activities Conducted Prtshp	0	ActivitiesConductedPrtshpInd
Schedule O Required	Yes (1)	ScheduleORequiredInd
IRP Document	59	IRPDocumentCnt
IRP Document W2 G	0	IRPDocumentW2GCnt
Employee	19	EmployeeCnt
Employment Tax Returns Filed	Yes (1)	EmploymentTaxReturnsFiledInd
Unrelated Bus Incm Over Limit	0	UnrelatedBusIncmOverLimitInd
Foreign Financial Account	0	ForeignFinancialAccountInd
Prohibited Tax Shelter Trans	0	ProhibitedTaxShelterTransInd
Taxable Party Notification	0	TaxablePartyNotificationInd
Nondeductible Contributions	0	NondeductibleContributionsInd
Quid Pro Quo Contributions	0	QuidProQuoContributionsInd
Form8282 Property Disposed Of	0	Form8282PropertyDisposedOfInd
Rcv Fnds To Pay Prsnl Bnft Cntrct	0	RcvFndsToPayPrsnlBnftCntrctInd
Pay Premiums Prsnl Bnft Cntrct	0	PayPremiumsPrsnlBnftCntrctInd
Indoor Tanning Services	0	IndoorTanningServicesInd
Info In Schedule O Part VI	Yes (X)	InfoInScheduleOPartVIInd
Governing Body Voting Members	18	GoverningBodyVotingMembersCnt
Independent Voting Member	15	IndependentVotingMemberCnt
Family Or Business Rln	0	FamilyOrBusinessRlnInd
Delegation Of Mgmt Duties	0	DelegationOfMgmtDutiesInd
Change To Org Documents	0	ChangeToOrgDocumentsInd
Material Diversion Or Misuse	0	MaterialDiversionOrMisuseInd
Members Or Stockholders	0	MembersOrStockholdersInd
Election Of Board Members	0	ElectionOfBoardMembersInd
Decisions Subject To Approva	0	DecisionsSubjectToApprovaInd
Minutes Of Governing Body	Yes (1)	MinutesOfGoverningBodyInd
Minutes Of Committees	Yes (1)	MinutesOfCommitteesInd
Officer Mailing Address	0	OfficerMailingAddressInd
Local Chapters	0	LocalChaptersInd
Form990 Provided To Gvrn Body	Yes (1)	Form990ProvidedToGvrnBodyInd
Conflict Of Interest Policy	Yes (1)	ConflictOfInterestPolicyInd
Annual Disclosure Covered Prsn	Yes (1)	AnnualDisclosureCoveredPrsnInd
Regular Monitoring Enfrc	Yes (1)	RegularMonitoringEnfrcInd
Whistleblower Policy	Yes (1)	WhistleblowerPolicyInd
Document Retention Policy	Yes (1)	DocumentRetentionPolicyInd
Compensation Process CEO	Yes (1)	CompensationProcessCEOInd
Compensation Process Other	Yes (1)	CompensationProcessOtherInd
Investment In Joint Venture	0	InvestmentInJointVentureInd
States Where Copy Of Return Is Fld	NY	StatesWhereCopyOfReturnIsFldCd
Upon Request	Yes (X)	UponRequestInd

Books In Care Of Detail BooksInCareOfDetail

Business Name BusinessName

Field	Value	IRS element (for citing)
Business Name Line1	DANIEL BAKER CFO	BusinessNameLine1Txt

Field	Value	IRS element (for citing)
Phone	2123083360	PhoneNum

US Address USAddress

Field	Value	IRS element (for citing)
Address Line1	14 EAST 60TH STREET	AddressLine1Txt
City	NEW YORK	CityNm
State Abbreviation	NY	StateAbbreviationCd
ZIP	10022	ZIPCd

Form990 Part VII Section A Form990PartVIISectionAGrp (21 entries)

TitleTitleTxt	Average Hours Per WeekAverageHoursPerWeekRt	Individual Trustee Or DirectorIndividualTrusteeOrDirectorInd	OfficerOfficerInd	Reportable Comp From OrgReportableCompFromOrgAmt	Reportable Comp From Rltd OrgReportableCompFromRltdOrgAmt	Other CompensationOtherCompensationAmt	Highest Compensated EmployeeHighestCompensatedEmployeeInd
CHERYL HURLEY
PRESIDENT & CEO	50.00	Yes (X)	Yes (X)	$289,836	$0	$25,071
D RONALD DANIEL
CHAIRMAN	5.00	Yes (X)	Yes (X)	$0	$0	$0
BENJAMIN ORDOVER
TREASURER	10.00	Yes (X)	Yes (X)	$25,000	$0	$0
G THOMAS TANSELLE
SECRETARY	10.00	Yes (X)	Yes (X)	$18,000	$0	$0
BENITO CACHINERO-SANCHEZ
DIRECTOR	5.00	Yes (X)		$0	$0	$0
EMME DELAND
DIRECTOR	5.00	Yes (X)		$0	$0	$0
ANDREW DELBANCO
DIRECTOR	5.00	Yes (X)		$0	$0	$0
JOANNE FREEMAN
DIRECTOR	5.00	Yes (X)		$0	$0	$0
HENRY LOUIS GATES JR
DIRECTOR	5.00	Yes (X)		$0	$0	$0
KATHLEEN KENNEDY
DIRECTOR	5.00	Yes (X)		$0	$0	$0
TONY KUSHNER
DIRECTOR	5.00	Yes (X)		$0	$0	$0
MATTHEW MCLENNAN
DIRECTOR	5.00	Yes (X)		$0	$0	$0
WILLIAM S REESE
DIRECTOR	5.00	Yes (X)		$0	$0	$0
ELIHU ROSE
DIRECTOR	5.00	Yes (X)		$0	$0	$0
ELIZABETH W SMITH
DIRECTOR	5.00	Yes (X)		$0	$0	$0
AMOR TOWLES
DIRECTOR	5.00	Yes (X)		$0	$0	$0
CANDACE WAINWRIGHT
DIRECTOR	5.00	Yes (X)		$0	$0	$0
DANIEL WEISS
DIRECTOR	5.00	Yes (X)		$0	$0	$0
MAX RUDIN
VP AND PUBLISHER	50.00		Yes (X)	$239,324	$0	$25,812
DANIEL BAKER
VP AND CHIEF FINANCIAL OFFICER	50.00		Yes (X)	$179,970	$0	$23,601
GEOFFREY O'BRIEN
EDITOR IN CHIEF	50.00			$135,592	$0	$13,225	Yes (X)

Field	Value	IRS element (for citing)
Total Reportable Comp From Org	$887,722	TotalReportableCompFromOrgAmt
Tot Reportable Comp Rltd Org	$0	TotReportableCompRltdOrgAmt
Total Other Compensation	$87,709	TotalOtherCompensationAmt
Indiv Rcvd Greater Than100 K	4	IndivRcvdGreaterThan100KCnt
Former Ofcr Employees Listed	0	FormerOfcrEmployeesListedInd
Total Comp Greater Than150 K	Yes (1)	TotalCompGreaterThan150KInd
Compensation From Other Srcs	0	CompensationFromOtherSrcsInd

Contractor Compensation ContractorCompensationGrp

Contractor Name ContractorName

Business Name BusinessName

Field	Value	IRS element (for citing)
Business Name Line1	AREA 17 MEDIA LLC	BusinessNameLine1Txt

Contractor Address ContractorAddress

US Address USAddress

Field	Value	IRS element (for citing)
Address Line1	99 RICHARDSON STREET	AddressLine1Txt
City	BROOKLYN	CityNm
State Abbreviation	NY	StateAbbreviationCd
ZIP	11211	ZIPCd

Field	Value	IRS element (for citing)
Services	WEBSITE DESIGN	ServicesDesc
Compensation	$177,511	CompensationAmt

Field	Value	IRS element (for citing)
Cntrct Rcvd Greater Than100 K	1	CntrctRcvdGreaterThan100KCnt
All Other Contributions	$2,286,358	AllOtherContributionsAmt
Noncash Contributions	$250,316	NoncashContributionsAmt
Total Contributions	$2,286,358	TotalContributionsAmt

Investment Income InvestmentIncomeGrp

Field	Value	IRS element (for citing)
Total Revenue Column	$212,337	TotalRevenueColumnAmt
Exclusion	$212,337	ExclusionAmt

Field	Value	IRS element (for citing)
Gross Sales Of Inventory	$5,344,325	GrossSalesOfInventoryAmt
Cost Of Goods Sold	$2,227,993	CostOfGoodsSoldAmt

Net Income Or Loss NetIncomeOrLossGrp

Field	Value	IRS element (for citing)
Total Revenue Column	$3,116,332	TotalRevenueColumnAmt
Related Or Exempt Func Income	$3,116,332	RelatedOrExemptFuncIncomeAmt

Other Revenue Misc OtherRevenueMiscGrp

Field	Value	IRS element (for citing)
Desc	OTHER INCOME	Desc
Business	900099	BusinessCd
Total Revenue Column	$14,185	TotalRevenueColumnAmt
Exclusion	$14,185	ExclusionAmt

Field	Value	IRS element (for citing)
Other Revenue Total	$14,185	OtherRevenueTotalAmt

Total Revenue TotalRevenueGrp

Field	Value	IRS element (for citing)
Total Revenue Column	$5,629,212	TotalRevenueColumnAmt
Related Or Exempt Func Income	$3,116,332	RelatedOrExemptFuncIncomeAmt
Unrelated Business Revenue	$0	UnrelatedBusinessRevenueAmt
Exclusion	$226,522	ExclusionAmt

Comp Current Ofcr Directors CompCurrentOfcrDirectorsGrp

Field	Value	IRS element (for citing)
Total	$856,090	TotalAmt
Program Services	$295,344	ProgramServicesAmt
Management And General	$415,874	ManagementAndGeneralAmt
Fundraising	$144,872	FundraisingAmt

Other Salaries And Wages OtherSalariesAndWagesGrp

Field	Value	IRS element (for citing)
Total	$870,912	TotalAmt
Program Services	$668,258	ProgramServicesAmt
Management And General	$112,254	ManagementAndGeneralAmt
Fundraising	$90,400	FundraisingAmt

Pension Plan Contributions PensionPlanContributionsGrp

Field	Value	IRS element (for citing)
Total	$37,779	TotalAmt
Program Services	$31,102	ProgramServicesAmt
Management And General	$4,783	ManagementAndGeneralAmt
Fundraising	$1,894	FundraisingAmt

Other Employee Benefits OtherEmployeeBenefitsGrp

Field	Value	IRS element (for citing)
Total	$145,489	TotalAmt
Program Services	$90,230	ProgramServicesAmt
Management And General	$40,583	ManagementAndGeneralAmt
Fundraising	$14,676	FundraisingAmt

Payroll Taxes PayrollTaxesGrp

Field	Value	IRS element (for citing)
Total	$90,336	TotalAmt
Program Services	$58,264	ProgramServicesAmt
Management And General	$25,541	ManagementAndGeneralAmt
Fundraising	$6,531	FundraisingAmt

Fees For Services Accounting FeesForServicesAccountingGrp

Field	Value	IRS element (for citing)
Total	$42,750	TotalAmt
Management And General	$42,750	ManagementAndGeneralAmt

Fees For Services Other FeesForServicesOtherGrp

Field	Value	IRS element (for citing)
Total	$394,393	TotalAmt
Program Services	$394,393	ProgramServicesAmt

Advertising AdvertisingGrp

Field	Value	IRS element (for citing)
Total	$425,443	TotalAmt
Program Services	$425,443	ProgramServicesAmt

Office Expenses OfficeExpensesGrp

Field	Value	IRS element (for citing)
Total	$47,657	TotalAmt
Program Services	$6,355	ProgramServicesAmt
Management And General	$38,649	ManagementAndGeneralAmt
Fundraising	$2,653	FundraisingAmt

Royalties RoyaltiesGrp

Field	Value	IRS element (for citing)
Total	$175,223	TotalAmt
Program Services	$175,223	ProgramServicesAmt

Occupancy OccupancyGrp

Field	Value	IRS element (for citing)
Total	$333,194	TotalAmt
Management And General	$333,194	ManagementAndGeneralAmt

Travel TravelGrp

Field	Value	IRS element (for citing)
Total	$27,255	TotalAmt
Program Services	$13,932	ProgramServicesAmt
Management And General	$4,632	ManagementAndGeneralAmt
Fundraising	$8,691	FundraisingAmt

Depreciation Depletion DepreciationDepletionGrp

Field	Value	IRS element (for citing)
Total	$56,526	TotalAmt
Management And General	$56,526	ManagementAndGeneralAmt

Insurance InsuranceGrp

Field	Value	IRS element (for citing)
Total	$18,032	TotalAmt
Management And General	$18,032	ManagementAndGeneralAmt

Other Expenses OtherExpensesGrp (4 entries)

DescDesc	TotalTotalAmt	Program ServicesProgramServicesAmt	Management And GeneralManagementAndGeneralAmt	FundraisingFundraisingAmt
DISTRIBUTION EXPENSE	$1,069,165	$1,069,165
OTHER EXPENSES	$352,773	$267,184	$29,601	$55,988
POSTAGE & SHIPPING	$288,113	$265,815	$14,206	$8,092
PRINTING & PUBLICATIONS	$59,309	$27,368	$385	$31,556

Total Functional Expenses TotalFunctionalExpensesGrp

Field	Value	IRS element (for citing)
Total	$5,290,439	TotalAmt
Program Services	$3,788,076	ProgramServicesAmt
Management And General	$1,137,010	ManagementAndGeneralAmt
Fundraising	$365,353	FundraisingAmt

Cash Non Interest Bearing CashNonInterestBearingGrp

Field	Value	IRS element (for citing)
BOY	$365,755	BOYAmt
EOY	$515,658	EOYAmt

Savings And Temp Cash Invst SavingsAndTempCashInvstGrp

Field	Value	IRS element (for citing)
BOY	$1,346,648	BOYAmt
EOY	$1,399,170	EOYAmt

Pledges And Grants Receivable PledgesAndGrantsReceivableGrp

Field	Value	IRS element (for citing)
BOY	$692,302	BOYAmt
EOY	$859,757	EOYAmt

Accounts Receivable AccountsReceivableGrp

Field	Value	IRS element (for citing)
BOY	$386,846	BOYAmt
EOY	$242,149	EOYAmt

Inventories For Sale Or Use InventoriesForSaleOrUseGrp

Field	Value	IRS element (for citing)
BOY	$4,123,409	BOYAmt
EOY	$4,244,405	EOYAmt

Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp

Field	Value	IRS element (for citing)
BOY	$359,580	BOYAmt
EOY	$211,189	EOYAmt

Field	Value	IRS element (for citing)
Land Bldg Equip Cost Or Other Bss	$1,102,509	LandBldgEquipCostOrOtherBssAmt
Land Bldg Equip Accum Deprec	$949,974	LandBldgEquipAccumDeprecAmt

Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp

Field	Value	IRS element (for citing)
BOY	$201,362	BOYAmt
EOY	$152,535	EOYAmt

Investments Pub Traded Sec InvestmentsPubTradedSecGrp

Field	Value	IRS element (for citing)
BOY	$10,653,987	BOYAmt
EOY	$11,250,526	EOYAmt

Other Assets Total OtherAssetsTotalGrp

Field	Value	IRS element (for citing)
BOY	$332,529	BOYAmt
EOY	$384,469	EOYAmt

Total Assets TotalAssetsGrp

Field	Value	IRS element (for citing)
BOY	$18,462,418	BOYAmt
EOY	$19,259,858	EOYAmt

Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp

Field	Value	IRS element (for citing)
BOY	$773,613	BOYAmt
EOY	$1,005,979	EOYAmt

Deferred Revenue DeferredRevenueGrp

Field	Value	IRS element (for citing)
BOY	$6,132	BOYAmt
EOY	$8,074	EOYAmt

Total Liabilities TotalLiabilitiesGrp

Field	Value	IRS element (for citing)
BOY	$779,745	BOYAmt
EOY	$1,014,053	EOYAmt

Field	Value	IRS element (for citing)
Organization Follows SFAS117	Yes (X)	OrganizationFollowsSFAS117Ind

Unrestricted Net Assets UnrestrictedNetAssetsGrp

Field	Value	IRS element (for citing)
BOY	$9,067,579	BOYAmt
EOY	$9,245,967	EOYAmt

Temporarily Rstr Net Assets TemporarilyRstrNetAssetsGrp

Field	Value	IRS element (for citing)
BOY	$502,194	BOYAmt
EOY	$470,923	EOYAmt

Permanently Rstr Net Assets PermanentlyRstrNetAssetsGrp

Field	Value	IRS element (for citing)
BOY	$8,112,900	BOYAmt
EOY	$8,528,915	EOYAmt

Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp

Field	Value	IRS element (for citing)
BOY	$17,682,673	BOYAmt
EOY	$18,245,805	EOYAmt

Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp

Field	Value	IRS element (for citing)
BOY	$18,462,418	BOYAmt
EOY	$19,259,858	EOYAmt

Field	Value	IRS element (for citing)
Reconcilation Revenue Expnss	$338,773	ReconcilationRevenueExpnssAmt
Net Unrlzd Gains Losses Invst	$224,359	NetUnrlzdGainsLossesInvstAmt
Other Changes In Net Assets	$0	OtherChangesInNetAssetsAmt
Info In Schedule O Part XII	Yes (X)	InfoInScheduleOPartXIIInd
Method Of Accounting Accrual	Yes (X)	MethodOfAccountingAccrualInd
Accountant Compile Or Review	0	AccountantCompileOrReviewInd
FS Audited	Yes (1)	FSAuditedInd

FS Audited Basis FSAuditedBasisGrp

Field	Value	IRS element (for citing)
Separate Basis Fincl Stmt	Yes (X)	SeparateBasisFinclStmtInd

Field	Value	IRS element (for citing)
Audit Committee	Yes (1)	AuditCommitteeInd
Federal Grant Audit Required	0	FederalGrantAuditRequiredInd

Schedule A IRS990ScheduleA

Field	Value	IRS element (for citing)
Publicly Supported Org509a2	Yes (X)	PubliclySupportedOrg509a2Ind

Gifts Grants Contris Rcvd509 GiftsGrantsContrisRcvd509Grp

Field	Value	IRS element (for citing)
Current Tax Year Minus4 Years	$1,433,593	CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years	$2,640,128	CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years	$1,578,776	CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year	$1,223,160	CurrentTaxYearMinus1YearAmt
Current Tax Year	$2,286,358	CurrentTaxYearAmt
Total	$9,162,015	TotalAmt

Gross Receipts Admissions GrossReceiptsAdmissionsGrp

Field	Value	IRS element (for citing)
Current Tax Year Minus4 Years	$6,129,844	CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years	$6,274,204	CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years	$6,111,559	CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year	$5,266,765	CurrentTaxYearMinus1YearAmt
Current Tax Year	$5,344,325	CurrentTaxYearAmt
Total	$29,126,697	TotalAmt

Total509 Total509Grp

Field	Value	IRS element (for citing)
Current Tax Year Minus4 Years	$7,563,437	CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years	$8,914,332	CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years	$7,690,335	CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year	$6,489,925	CurrentTaxYearMinus1YearAmt
Current Tax Year	$7,630,683	CurrentTaxYearAmt
Total	$38,288,712	TotalAmt

Amounts Rcvd Dsqlfy Person AmountsRcvdDsqlfyPersonGrp

Field	Value	IRS element (for citing)
Total	$0	TotalAmt

Substantial Contributors Amt SubstantialContributorsAmtGrp

Field	Value	IRS element (for citing)
Total	$0	TotalAmt

Subst And Dsqlfy Prsns Tot SubstAndDsqlfyPrsnsTotGrp

Field	Value	IRS element (for citing)
Total	$0	TotalAmt

Field	Value	IRS element (for citing)
Public Support Total509	$38,288,712	PublicSupportTotal509Amt

Gross Investment Income509 GrossInvestmentIncome509Grp

Field	Value	IRS element (for citing)
Current Tax Year Minus4 Years	$196,080	CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years	$184,595	CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years	$225,492	CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year	$193,187	CurrentTaxYearMinus1YearAmt
Current Tax Year	$212,337	CurrentTaxYearAmt
Total	$1,011,691	TotalAmt

Investment Income And UBTI InvestmentIncomeAndUBTIGrp

Field	Value	IRS element (for citing)
Current Tax Year Minus4 Years	$196,080	CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years	$184,595	CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years	$225,492	CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year	$193,187	CurrentTaxYearMinus1YearAmt
Current Tax Year	$212,337	CurrentTaxYearAmt
Total	$1,011,691	TotalAmt

Other Income509 OtherIncome509Grp

Field	Value	IRS element (for citing)
Current Tax Year Minus4 Years	$15,906	CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years	$22,548	CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years	$14,491	CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year	$15,898	CurrentTaxYearMinus1YearAmt
Current Tax Year	$14,185	CurrentTaxYearAmt
Total	$83,028	TotalAmt

Total Support Calendar Year TotalSupportCalendarYearGrp

Field	Value	IRS element (for citing)
Current Tax Year Minus4 Years	$7,775,423	CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years	$9,121,475	CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years	$7,930,318	CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year	$6,699,010	CurrentTaxYearMinus1YearAmt
Current Tax Year	$7,857,205	CurrentTaxYearAmt
Total	$39,383,431	TotalAmt

Field	Value	IRS element (for citing)
Public Support CY509	0.97220	PublicSupportCY509Pct
Public Support PY509	0.97290	PublicSupportPY509Pct
Investment Income CY	0.02570	InvestmentIncomeCYPct
Investment Income PY	0.02480	InvestmentIncomePYPct
Thirty Thr Pct Suprt Tests CY509	Yes (X)	ThirtyThrPctSuprtTestsCY509Ind

Form990 Schedule A Part VI Form990ScheduleAPartVIGrp

Field	Value	IRS element (for citing)
Form And Line Reference	SCHEDULE A, PART III, LINE 12, EXPLANATION OF OTHER INCOME:	FormAndLineReferenceDesc
Explanation	OTHER INCOME/MAILING LIST RENTAL - 2010 AMOUNT: $ 15,906. 2011 AMOUNT: $ 22,548. 2012 AMOUNT: $ 14,491. 2013 AMOUNT: $ 15,898. 2014 AMOUNT: $ 14,185.	ExplanationTxt

Schedule B IRS990ScheduleB

Contributor Information ContributorInformationGrp

Field	Value	IRS element (for citing)
Contributor	RESTRICTED	ContributorNum

Contributor Business Name ContributorBusinessName

Field	Value	IRS element (for citing)
Business Name Line1	RESTRICTED	BusinessNameLine1

Contributor US Address ContributorUSAddress

Field	Value	IRS element (for citing)
Address Line1	RESTRICTED	AddressLine1
Address Line2	RESTRICTED	AddressLine2
City	RESTRICTED	City
State	RESTRICTED	State
ZIP Code	RESTRICTED	ZIPCode

Field	Value	IRS element (for citing)
Total Contributions	RESTRICTED	TotalContributionsAmt

Schedule D IRS990ScheduleD

CY Endwmt Fund CYEndwmtFundGrp

Field	Value	IRS element (for citing)
Beginning Year Balance	$11,081,681	BeginningYearBalanceAmt
Contributions	$877,991	ContributionsAmt
Investment Earnings Or Losses	$410,478	InvestmentEarningsOrLossesAmt
Other Expenditures	$359,429	OtherExpendituresAmt
End Year Balance	$12,010,721	EndYearBalanceAmt

CY Minus1 Yr Endwmt Fund CYMinus1YrEndwmtFundGrp

Field	Value	IRS element (for citing)
Beginning Year Balance	$9,484,872	BeginningYearBalanceAmt
Contributions	$378,000	ContributionsAmt
Investment Earnings Or Losses	$1,525,042	InvestmentEarningsOrLossesAmt
Other Expenditures	$306,233	OtherExpendituresAmt
End Year Balance	$11,081,681	EndYearBalanceAmt

CY Minus2 Yr Endwmt Fund CYMinus2YrEndwmtFundGrp

Field	Value	IRS element (for citing)
Beginning Year Balance	$7,957,119	BeginningYearBalanceAmt
Contributions	$767,980	ContributionsAmt
Investment Earnings Or Losses	$1,002,773	InvestmentEarningsOrLossesAmt
Other Expenditures	$243,000	OtherExpendituresAmt
End Year Balance	$9,484,872	EndYearBalanceAmt

CY Minus3 Yr Endwmt Fund CYMinus3YrEndwmtFundGrp

Field	Value	IRS element (for citing)
Beginning Year Balance	$6,788,268	BeginningYearBalanceAmt
Contributions	$1,280,000	ContributionsAmt
Investment Earnings Or Losses	$117,559	InvestmentEarningsOrLossesAmt
Other Expenditures	$228,708	OtherExpendituresAmt
End Year Balance	$7,957,119	EndYearBalanceAmt

CY Minus4 Yr Endwmt Fund CYMinus4YrEndwmtFundGrp

Field	Value	IRS element (for citing)
Beginning Year Balance	$5,432,519	BeginningYearBalanceAmt
Contributions	$485,973	ContributionsAmt
Investment Earnings Or Losses	$1,089,776	InvestmentEarningsOrLossesAmt
Other Expenditures	$220,000	OtherExpendituresAmt
End Year Balance	$6,788,268	EndYearBalanceAmt

Field	Value	IRS element (for citing)
Board Designated Balance EOY	0.29000	BoardDesignatedBalanceEOYPct
Prmnnt Endowment Balance EOY	0.71000	PrmnntEndowmentBalanceEOYPct
Endowments Held Unrelated Org	0	EndowmentsHeldUnrelatedOrgInd
Endowments Held Related Org	0	EndowmentsHeldRelatedOrgInd

Leasehold Improvements LeaseholdImprovementsGrp

Field	Value	IRS element (for citing)
Other Cost Or Other Basis	$494,247	OtherCostOrOtherBasisAmt
Depreciation	$368,401	DepreciationAmt
Book Value	$125,846	BookValueAmt

Equipment EquipmentGrp

Field	Value	IRS element (for citing)
Other Cost Or Other Basis	$608,262	OtherCostOrOtherBasisAmt
Depreciation	$581,573	DepreciationAmt
Book Value	$26,689	BookValueAmt

Field	Value	IRS element (for citing)
Total Book Value Land Buildings	$152,535	TotalBookValueLandBuildingsAmt
Footnote Text	Yes (X)	FootnoteTextInd
Total Rev Etc Audited Fincl Stmt	$5,853,571	TotalRevEtcAuditedFinclStmtAmt
Net Unrealized Gains Invst	$224,359	NetUnrealizedGainsInvstAmt
Revenue Not Reported	$224,359	RevenueNotReportedAmt
Revenue Subtotal	$5,629,212	RevenueSubtotalAmt
Revenue Not Reported Fincl Stmt	$0	RevenueNotReportedFinclStmtAmt
Total Revenue Per Form990	$5,629,212	TotalRevenuePerForm990Amt
Tot Expns Etc Audited Fincl Stmt	$5,290,439	TotExpnsEtcAuditedFinclStmtAmt
Expenses Not Reported	$0	ExpensesNotReportedAmt
Expenses Subtotal	$5,290,439	ExpensesSubtotalAmt
Expenses Not Rpt Fincl Stmt	$0	ExpensesNotRptFinclStmtAmt
Total Expenses Per Form990	$5,290,439	TotalExpensesPerForm990Amt

Supplemental Information Detail SupplementalInformationDetail (2 entries)

Form And Line ReferenceFormAndLineReferenceDesc

ExplanationExplanationTxt

PART V, LINE 4:

PERMANENTLY RESTRICTED NET ASSETS CONSIST OF CONTRIBUTIONS SUBJECT TO RESTRICTIONS IN PERPETUITY, SUCH AS THOSE MADE TO THE GUARDIANS OF AMERICAN LETTERS FUND ("GUARDIANS FUND"), WHICH WAS CREATED TO HELP KEEP ALL VOLUMES IN THE SERIES PERMANENTLY IN PRINT. ACCORDINGLY, THE PRINCIPAL AND ACCUMULATED INCOME FROM THE FUND IS AVAILABLE TO COVER EXPENDITURES ASSOCIATED WITH THE REPRINTING OF VOLUMES. TO MAINTAIN THE FUND, DISBURSEMENTS FROM THE GUARDIANS FUND WOULD BE REPLENISHED FROM THE SUBSEQUENT SALES PROCEEDS OF THE VOLUME. TO SIMPLIFY THIS PROCESS, AND AT THE SAME TIME MAXIMIZE INVESTMENT EARNINGS, THE GUARDIANS FUND OPERATES LIKE AN ENDOWMENT. THE GUARDIANS FUND REMAINS FULLY INVESTED, UNRESTRICTED FUNDS ARE USED FOR REPRINTING VOLUMES, AND A PERCENTAGE OF THE GUARDIANS FUND INVESTMENT EARNINGS ARE TRANSFERRED TO THE UNRESTRICTED NET ASSETS. THE BOARD OF DIRECTORS HAS DESIGNATED A PORTION OF UNRESTRICTED NET ASSETS FOR A FUTURE ENDOWMENT FUND.

PART X, LINE 2:

LOA BELIEVES IT HAD NO UNCERTAIN TAX POSITIONS AS OF JUNE 30, 2015 AND 2014 IN ACCORDANCE WITH ACCOUNTING STANDARDS CODIFICATION ("ASC") TOPIC 740, "INCOME TAXES," WHICH PROVIDES STANDARDS FOR ESTABLISHING AND CLASSIFYING ANY TAX PROVISIONS FOR UNCERTAIN TAX POSITIONS.

Schedule J IRS990ScheduleJ

Field	Value	IRS element (for citing)
Compensation Committee	Yes (X)	CompensationCommitteeInd
Compensation Survey	Yes (X)	CompensationSurveyInd
Board Or Committee Approval	Yes (X)	BoardOrCommitteeApprovalInd
Severance Payment	0	SeverancePaymentInd
Supplemental Nonqual Rtr Plan	0	SupplementalNonqualRtrPlanInd
Equity Based Comp Arrngm	0	EquityBasedCompArrngmInd
Comp Based On Revenue Of Flng Org	0	CompBasedOnRevenueOfFlngOrgInd
Comp Bsd On Rev Related Orgs	0	CompBsdOnRevRelatedOrgsInd
Comp Bsd Net Earns Flng Org	0	CompBsdNetEarnsFlngOrgInd
Comp Bsd Net Earns Rltd Orgs	0	CompBsdNetEarnsRltdOrgsInd
Any Non Fixed Payments	0	AnyNonFixedPaymentsInd
Initial Contract Exception	0	InitialContractExceptionInd

Rltd Org Officer Trst Key Empl RltdOrgOfficerTrstKeyEmplGrp (3 entries)

TitleTitleTxt	Base Compensation Filing OrgBaseCompensationFilingOrgAmt	Compensation Based On Rltd OrgsCompensationBasedOnRltdOrgsAmt	Bonus Filing OrganizationBonusFilingOrganizationAmount	Bonus Related OrganizationsBonusRelatedOrganizationsAmt	Other Compensation Filing OrgOtherCompensationFilingOrgAmt	Other Compensation Rltd OrgsOtherCompensationRltdOrgsAmt	Deferred Compensation Flng OrgDeferredCompensationFlngOrgAmt	Deferred Comp Rltd OrgsDeferredCompRltdOrgsAmt	Nontaxable Benefits Filing OrgNontaxableBenefitsFilingOrgAmt	Nontaxable Benefits Rltd OrgsNontaxableBenefitsRltdOrgsAmt	Total Compensation Filing OrgTotalCompensationFilingOrgAmt	Total Compensation Rltd OrgsTotalCompensationRltdOrgsAmt	Comp Report Prior990 Filing OrgCompReportPrior990FilingOrgAmt	Comp Report Prior990 Rltd OrgsCompReportPrior990RltdOrgsAmt
CHERYL HURLEY
PRESIDENT & CEO	$289,836	$0	$0	$0	$0	$0	$14,681	$0	$10,390	$0	$314,907	$0	$0	$0
MAX RUDIN
VP AND PUBLISHER	$239,324	$0	$0	$0	$0	$0	$12,256	$0	$13,556	$0	$265,136	$0	$0	$0
DANIEL BAKER
VP AND CHIEF FINANCIAL OFFICER	$179,970	$0	$0	$0	$0	$0	$9,506	$0	$14,095	$0	$203,571	$0	$0	$0

Schedule M IRS990ScheduleM

Securities Publicly Traded SecuritiesPubliclyTradedGrp

Field	Value	IRS element (for citing)
Non Cash Checkbox	Yes (X)	NonCashCheckboxInd
Contribution	5	ContributionCnt
Noncash Contributions Rpt F990	$250,316	NoncashContributionsRptF990Amt
Method Of Determining Revenues	FAIR MARKET VALUE	MethodOfDeterminingRevenuesTxt

Field	Value	IRS element (for citing)
Any Property That Must Be Held	0	AnyPropertyThatMustBeHeldInd
Review Process Unusual NC Gifts	0	ReviewProcessUnusualNCGiftsInd
Third Parties Used	0	ThirdPartiesUsedInd

Schedule O IRS990ScheduleO

Supplemental Information Detail SupplementalInformationDetail (5 entries)

Form And Line ReferenceFormAndLineReferenceDesc	ExplanationExplanationTxt
FORM 990, PART VI, SECTION B, LINE 11	THE FORM 990 IS PREPARED BY THE ORGANIZATION'S INDEPENDENT ACCOUNTANTS, AND IS REVIEWED BY THE PRESIDENT AND THE CHIEF FINANCIAL OFFICER. ONCE THE PRESIDENT AND CHIEF FINANCIAL OFFICER HAVE COMPLETED THE PRELIMINARY REVIEW, THE DOCUMENT IS DELIVERED TO ALL MEMBERS OF THE BOARD OF DIRECTORS ALONG WITH A SOLICITATION OF THEIR COMMENTS. IF ANY CHANGES ARE MADE OR SUGGESTED, THE DOCUMENT WILL BE REDISTRIBUTED SO THAT ALL BOARD MEMBERS RECEIVE A FINAL VERSION OF THE DOCUMENT BEFORE IT IS FILED.
FORM 990, PART VI, SECTION B, LINE 12C	ANNUALLY, MEMBERS OF THE BOARD OF DIRECTORS AND MANAGERIAL STAFF ARE REQUIRED TO DISCLOSE ANY RELATIONSHIPS RELEVANT TO A MATTER UNDER REVIEW FOR DECISION BY THE BOARD OF DIRECTORS ON THE ANNUAL DISCLOSURE STATEMENTS. IN THE EVENT OF A DISCLOSURE OF A CONFLICT OF INTEREST WITH RESPECT TO A MATTER BEFORE THE BOARD OF DIRECTORS OR ITS STANDING COMMITTEES, THE PARTY MAKING THE DISCLOSURE WILL REFRAIN FROM VOTING AND FROM PREJUDICING OR BIASING OTHER INDIVIDUALS INVOLVED IN THE DELIBERATIONS.
FORM 990, PART VI, SECTION B, LINE 15	A COMPENSATION COMMITTEE CONSISTING OF THE CHAIRMAN OF THE BOARD OF DIRECTORS, THE TREASURER AND AT LEAST ONE OTHER ALTERNATING DIRECTOR REVIEW THE COMPENSATION OF THE CHIEF EXECUTIVE OFFICER. THE COMPENSATION COMMITTEE CONSIDERS INFORMATION FROM SALARY SURVEYS AND OTHER EMPLOYMENT-RELATED INFORMATION TO DETERMINE AN APPROPRIATE LEVEL OF COMPENSATION. FOR ALL OTHER EMPLOYEES, INCLUDING OFFICERS AND KEY EMPLOYEES, THE CHIEF EXECUTIVE OFFICER WILL SUBMIT RECOMMENDATIONS TO THE COMPENSATION COMMITTEE, ALONG WITH SALARY SURVEY INFORMATION AND OTHER PERTINENT INFORMATION AS SUPPORT FOR THE RECOMMENDED COMPENSATION LEVELS. THE COMPENSATION COMMITTEE HAS FINAL SAY IN APPROVING OR CHANGING RECOMMENDATIONS SUPPLIED BY THE CHIEF EXECUTIVE OFFICER.
FORM 990, PART VI, SECTION C, LINE 19	THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC FREE OF CHARGE UPON REQUEST.
FORM 990, PART XI, LINE 2C:	THE PROCESS OF OVERSEEING THE AUDIT AND SELECTION OF INDEPENDENT ACCOUNTANT: HAS NOT BEEN CHANGED FROM THE PRIOR YEAR.