ANTIQUARIAN BOOK SCHOOL FOUNDATION

EIN: 263397915 501(c)(3) Education

COLORADO SPRINGS, CO

Total Revenue
$190,850
Total Expenses
$175,948
Total Assets
$1,273,390
Net Assets
$1,272,935
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2006
Legal Domicile
CO
Principal Officer
LORNE BAIR
Phone
7194736634
Tax Period
2024-01-01 to 2024-12-31

ANTIQUARIAN BOOK SCHOOL FOUNDATION, founded in 2006, is a small nonprofit in the Education sector that reported $191K in total revenue in fiscal year 2024. Revenue grew 17% year-over-year, indicating healthy expansion. Expenses of $176K left a modest 8% surplus.

Mission

TO EDUCATE LIBRARIANS, COLLECTORS, AND ASPIRING BOOK SELLERS IN BEST PRACTICES FOR HANDLING AND SELLING BOOKS.

Program Service Accomplishments

Program 1
Expenses: $156,496 Revenue: $82,800

THE SOLE PURPOSE OF THE ANTIQUARIAN BOOK SCHOOL FOUNDATION (ABSF) IS TO EDUCATE LIBRARIANS, COLLECTORS, AND ASPIRING BOOK SELLERS IN BEST PRACTICES FOR HANDLING AND SELLING BOOKS. WE PROVIDE AN...

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THE SOLE PURPOSE OF THE ANTIQUARIAN BOOK SCHOOL FOUNDATION (ABSF) IS TO EDUCATE LIBRARIANS, COLLECTORS, AND ASPIRING BOOK SELLERS IN BEST PRACTICES FOR HANDLING AND SELLING BOOKS. WE PROVIDE AN ANNUAL WEEK-LONG SEMINAR WHERE LEADING SPECIALISTS SHARE THEIR KNOWLEDGE, SKILLS AND PROFESSIONAL EXPERIENCES WITH RARE BOOK AND SPECIAL COLLECTION LIBRARIANS FROM UNIVERSITY LIBRARIES, PUBLIC LIBRARIES, HISTORICAL SOCIETIES AND "FRIEND" GROUPS OF SUCH INSTITUTIONS AS WELL AS ASPIRING BOOKSELLERS AND COLLECTORS IN A COMPREHENSIVE SURVEY OF THE RARE BOOK MARKET, BOTH ANTIQUARIAN AND MODERN. (CONTINUED ON SCHEDULE O)BASIC PROCEDURES AND PROBLEMS ARE DISCUSSED BOTH FORMALLY AND INFORMALLY THROUGH A SERIES OF LECTURES, DISCUSSIONS, DEMONSTRATIONS AND PRACTICAL HANDS-ON WORKSHOPS WITH EMPHASIS ON CATALOGING, PRICING, RESTORATION AND MAINTENANCE, AND THE TOOLS AND MATERIALS OF BOOK PRODUCTION AS WELL AS BOOKSELLING IN THE ELECTRONIC AGE.THE ANTIQUARIAN BOOK SCHOOL FOUNDATION (ABSF) IS AN INDEPENDENT, NONPROFIT, AND TAX-EXEMPT EDUCATIONAL INSTITUTION FOCUSED ON PROMOTING, MAINTAINING, AND EXPANDING THE STANDARDS OF THE ANTIQUARIAN BOOK TRADE. CABS-MINNESOTA, WHICH IS ADMINISTERED BY THE ABSF, IS AN ANNUAL WEEK-LONG INTENSIVE SEMINAR FOR BOOKSELLERS, PROSPECTIVE BOOKSELLERS, AND OTHERS WITH AN INTEREST IN THE ANTIQUARIAN AND SECOND-HAND BOOK MARKET.THE ABSF CONTINUES THE ACTIVITIES OF THE FORMER BOOK SEMINARS, A FOR-PROFIT PARTNERSHIP WHICH OVER THE PAST 46 YEARS HAS EDUCATED MORE THAN 3,000 STUDENTS FROM THE UNITED STATES AND ABROAD. 51 STUDENTS ATTENDED THE 2024 CABS-MN SEMINAR AT ST. OLAF COLLEGE. CABS-MINNESOTA IS COMMITTED TO DIVERSITY IN THE ANTIQUARIAN AND RARE BOOK TRADE. WE BELIEVE THAT A DIVERSE AND INCLUSIVE TRADE WILL BENEFIT BOTH THE TRADE AND THE CULTURAL HERITAGE COMMUNITY AT LARGE BY EXPANDING PERSPECTIVES AND BY ENCOURAGING NEW COLLABORATIONS. WE RECOGNIZE THAT MANY TALENTED PROFESSIONALS IN CULTURAL HERITAGE PROFESSIONS DO NOT SEE THEMSELVES REFLECTED IN THE TRADE. AS ONE STEP TOWARD CENTERING NON-DOMINANT PERSPECTIVES, CABS-MINNESOTA HAS ESTABLISHED THE DIVERSE VOICES FELLOWSHIP TO BUILD A COHORT OF FELLOWS WHO HAVE A STRONG INTEREST IN LEARNING MORE ABOUT THE ANTIQUARIAN BOOK TRADE AND HAVE FOUND THEMSELVES ISOLATED IN OR DISTANCED FROM THE TRADE BY REASON OF RACE, GENDER, SEXUAL ORIENTATION, DISABILITIES, AND/OR INCOME.THE FELLOWSHIP OFFERS A PROGRAM OF PROFESSIONAL AND CAREER DEVELOPMENT DESIGNED AROUND FELLOWS' INTERESTS. THE INITIAL GROUP OF FIVE FELLOWS FINISHED THE COURSE IN 2022. FOUR FELLOWS COMPLETED THE PROGRAM IN 2024.

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Trantor Score

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $39,431
Program Service Revenue $97,958
Investment Income $49,038
Other Revenue $4,423
TOTAL REVENUE $190,850

Expense Breakdown

Grants Paid $11,437
Salaries & Benefits $44,675
Fundraising Expenses $0
Program Expenses $156,496
Other Expenses $119,836
TOTAL EXPENSES $175,948

Year-over-Year Comparison

2024 2023 Change
Revenue $190,850 $163,644 +0.2%
Expenses $175,948 $190,945 -0.1%
Net Income $14,902 $-27,301 -1.5%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Governance

Voting Members
12
Independent Members
12
Employees
2
Volunteers
12

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
5
$18,083
Total Directors
12
$14,000
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
LORNE BAIR PRESIDENT 1.00
Officer Director
$2,000 $0 $2,000
GARRETT SCOTT VICE PRESIDENT 1.00
Officer Director
$2,000 $0 $2,000
BARBARA HERITAGE SECRETARY 1.00
Officer Director
$0 $0 $0
REBECCA ROMNEY TREASURER 1.00
Officer Director
$2,000 $0 $2,000
DANIEL DESIMONE BOARD MEMBER 1.00
Director
$0 $0 $0
HELENE GOLAY BOARD MEMBER 1.00
Director
$2,000 $0 $2,000
MICHAEL LANG BOARD MEMBER 1.00
Director
$0 $0 $0
MARIA LIN BOARD MEMBER 1.00
Director
$2,000 $0 $2,000
HEATHER O'DONNELL BOARD MEMBER 1.00
Director
$2,000 $0 $2,000
KATHERINE REAGAN BOARD MEMBER 1.00
Director
$0 $0 $0
ROBERT RULON-MILLER BOARD MEMBER 1.00
Director
$2,000 $0 $2,000
JOHN THOMSON BOARD MEMBER 1.00
Director
$0 $0 $0
KATHLEEN LINDEMAN EXECUTIVE DIRECTOR 3.00
Officer
$12,083 $0 $12,083
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2024 $190,850 $175,948 $1,273,390 $14,902
2023 $163,644 $190,945 $1,158,573 $-27,301
2022 $114,273 $191,317 $1,089,667 $-77,044
2021 $74,872 $48,612 $1,317,590 $26,260
2020 $-15,686 $31,928 $1,197,222 $-47,614
2019 $111,849 $121,540 $1,128,145 $-9,691
2018 $1,121,620 $124,222 $1,027,227 $997,398
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