Form 990, Part VI, Section B, Line 11B
“No review was or will be conducted.”
Asbury Book Cooperative Corp
EIN 84-3662730 • 501(c)3 • Asbury Park, NJ
Pub. 78 EligibleNTEE B92
Profile
Asbury Book Cooperative (ABC) will stock and sell a variety of books and products, and offer programs that provide cultural, literary, and intellectual value to its distinctive and engaged community of readers. ABC will maintain an eclectic collection of titles and promote a culture of informed book-buying through an array of events and discussions. ABC will also grow the membership that supports the co-op and provide meaningful opportunities for participation and leadership. ABC will also act as a local hub to provide support and encouragement for our community.
Siviq Scores
Scores are not available for this record yet.
Balance Sheet
Assets
Up$173,153
Up $44,281 (+34%) from 2023
Liabilities
Flat$0
Flat from 2023
Net Assets
Up$173,153
Up $44,281 (+34%) from 2023
Operations
Revenue
Down$235,406
Down $17,782 (-7.0%) from 2023
Expenses
Up$191,125
Up $23,104 (+14%) from 2023
Net Income
Down$44,281
Down $40,886 (-48%) from 2023
Trend Graphs
Filings
Most recent year
2024 • Form 990Detailed filing. Detailed filing data is available for this year.
- Assets
- $173,153
- Liabilities
- $0
- Net assets
- $173,153
- Revenue
- $235,406
- Expenses
- $191,125
- Net income
- $44,281
Latest Filing Detail
Jump To
Filing Snapshot
- Filing Period
- Jan 1, 2024 to Dec 31, 2024
- Signed
- Apr 1, 2025
- Return Version
- 2024v5.1
- Gross Receipts
- $466,940
Mission and Program Overview
Mission
Asbury Book Cooperative (ABC) will stock and sell a variety of books and products, and offer programs that provide cultural, literary, and intellectual value to its distinctive and engaged community of readers. ABC will maintain an eclectic collection of titles and promote a culture of informed book-buying through an array of events and discussions. ABC will also grow the membership that supports the co-op and provide meaningful opportunities for participation and leadership. ABC will also act as a local hub to provide support and encouragement for our community.
Promotes literacy,provide access to books for all,create a welcoming gathering space for the arts. We host hundreds of free community events -from book clubs and author readings to preformances by local musicians and artists
Balance Sheet Detail
| Line | Beginning | End | Change |
|---|---|---|---|
| Assets | |||
| Rtn Earn Endowment Incm Other Fnds | $128,872 | $173,153 | ▲ $44,281 |
| Savings and Temporary Cash Investments | - | $56,776 | - |
| Inventories for Sale or Use | $40,000 | $56,000 | ▲ $16,000 |
| Cash and Non-Interest-Bearing Accounts | $76,872 | $48,377 | ▼ $28,495 |
| Prepaid Expenses and Deferred Charges | $12,000 | $12,000 | → $0 |
| Accounts Receivable | - | $0 | - |
| Other Notes and Loans Receivable, Net | - | $0 | - |
| Pledges and Grants Receivable | - | $0 | - |
| Receivable From Disqualified Prsn | - | $0 | - |
| Receivables From Officers Etc | - | $0 | - |
| Investments Other Securities | - | $0 | - |
| Investments Program Related | - | $0 | - |
| Investments in Publicly Traded Securities | - | $0 | - |
| Land, Buildings, and Equipment, Net | - | $0 | - |
| Intangible Assets | - | $0 | - |
| Total Assets | $128,872 | $173,153 | ▲ $44,281 |
| Other Assets Total | - | $0 | - |
| Liabilities | |||
| Total Liabilities | $0 | $0 | → $0 |
| Net Assets / Fund Balance | |||
| Total Net Assets Fund Balance | $128,872 | $173,153 | ▲ $44,281 |
| Total Liabilities and Net Assets / Fund Balance | $128,872 | $173,153 | ▲ $44,281 |
Compensation and Service Providers
Board Members and Trustees
| Name | Title |
|---|---|
| Allyson Crystal | President |
| Lorraine Pearlman | Vice President |
| Alan Wagman | Trustee |
| Claire Pope | Trustee |
| Ebony Reeves | Trustee |
| Greg Hoffman | Trustee |
| Greg Lasala | Trustee |
| Jackie Jankewicz | Trustee |
| Kelly Anlas | Trustee |
| Raakhee Mirchandani | Trustee |
| Michael Connelly | Secretary |
| Julia Warren | Treasurer |
Revenue and Support
Revenue Composition
- Contributions and Grants
- $16,425
- Program Service Revenue
- $32,922
- Investment Income
- $1,763
- Other Revenue
- $184,296
- All Other Contributions
- $16,425
- Change in Net Assets
- $44,281
Expenses and Functional Allocation
Major Expense Lines
| Line Item | Amount |
|---|---|
| Other Expenses | $116,827 |
| Salaries, Compensation, and Employee Benefits | $74,298 |
| Grants and Similar Amounts Paid | $0 |
| Professional Fundraising Fees | $0 |
| Total Fundraising Expense | $0 |
Functional Expense Allocation
| Line Item | Program | Management | Fundraising | Total |
|---|---|---|---|---|
| Other Salaries and Wages | $67,503 | - | - | $67,503 |
| Occupancy | $53,120 | - | - | $53,120 |
| All Other Expenses | $11,023 | $14,393 | - | $25,416 |
| Other Expenses | $7,500 | - | - | $7,500 |
| Payroll Taxes | $6,795 | - | - | $6,795 |
| Insurance | $5,567 | - | - | $5,567 |
| Advertising | $498 | - | - | $498 |
| Total Functional Expenses | $176,732 | $14,393 | $0 | $191,125 |
Fundraising, Events, and Gaming
- Fundraising activities
- Yes
- Gaming activities
- No
- Professional fundraiser used
- No
Fundraising and Gaming Totals
| Line Item | Amount |
|---|---|
| Fundraising Gross Income | $16,255 |
| Fundraising Direct Expenses | $4,069 |
| Professional Fundraising Fees | $0 |
Fundraising Events
| Event | Gross Receipts | Gross Revenue | Direct Expenses | Net Income |
|---|---|---|---|---|
| Special Events | $16,255 | $16,255 | $4,069 | $12,186 |
| Total Events | $16,255 | $16,255 | $4,069 | $12,186 |
Political and Lobbying Activity
- Political campaign activity
- No
- Lobbying activity
- No
- Subject to proxy tax
- No
Insider Transactions and Loans
Loans and Receivables
| Line Item | Beginning | End | Change |
|---|---|---|---|
| Receivables from Disqualified Persons | - | $0 | - |
| Receivables from Officers, Directors, Trustees, and Key Employees | - | $0 | - |
Governance and Compliance
Governance Checklist
- Compiled or reviewed by an accountant
- No
- Backup withholding compliance
- No
- Business relationship with 35% controlled entity
- No
- Business relationship with family members
- No
- Business relationship with organization members
- No
- Material changes to governing documents
- No
- Compensation from other sources disclosed
- No
- CEO compensation reviewed
- No
- Other officer compensation reviewed
- No
- Conflict-of-interest policy
- No
- Audited financial statements prepared
- No
- Key decisions subject to board approval
- No
- Management duties delegated
- No
Governance Explanations
Form 990, Part VI, Section C, Line 19
“No documents available to the public.”
Filing and Contact Details
Filer
- Filer Name
- Asbury Book Cooperative Corp
- EIN
- 84-3662730
- Address
- 644A COOKMAN AVENUE, ASBURY PARK, NJ 07712
Signing Officer
- Name
- Allyson Crystal
- Title
- President
- Signed
- 2025-04-01
- Discuss with paid preparer
- Yes
Organization Details
- Principal Officer
- Allyson Crystal
- Formed
- 1999
- Legal Domicile
- Nj
- Voting Board Members
- 12
- Independent Board Members
- 12
- Employees
- 3
- Volunteers
- 5
Preparer
- Firm
- Michele Flynn CPA
- Address
- 800 Highway 71 Suite 1, Sea Girt, NJ 08750
- Preparer
- Michele Flynn
- Phone
- 7325312235
Supplemental Narrative
Additional Explanations
Form 990, Part III, Line 2
“The asbury book cooperative(abc)is a volunteer-driven, independent bookstore in asbury park,new jersey. We promote literacy, provide acess to books for all,and create a welcoming gathering space for the arts.we host hundreds of free community events -from book clubs and author readings to preformances by talented local musicians and artists. Our mission extends beyond books; we aim to foster a sense of belonging and creativity in our community.in collaboration with local schools and nonprofit organizations,abc volunteers are dedicated to expanding acess to books for everyone,especially children. Through our annual holiday book donation drive and partnership with the asbury park's backpack program, we are working hard to put books in the hands of young readers. We sustain our efforts through the sale of new and used books, and more importantly, through the generous support of our members and donors who share our passion for independent bookstores and believe in the strength of community.”
Form 990, Part IX, Line 24E
“ACCOUNTING: Column (A) - Total = $1150; Column (B) - Program Services = $0; Column (C) - Management & General = $1150; Column (D) - Fundraising = $0”
Form 990, Part IX, Line 24E
“BANK FEES: Column (A) - Total = $121; Column (B) - Program Services = $0; Column (C) - Management & General = $121; Column (D) - Fundraising = $0”
Form 990, Part IX, Line 24E
“CLOVER: Column (A) - Total = $1048; Column (B) - Program Services = $1048; Column (C) - Management & General = $0; Column (D) - Fundraising = $0”
Form 990, Part IX, Line 24E
“DECOR: Column (A) - Total = $400; Column (B) - Program Services = $400; Column (C) - Management & General = $0; Column (D) - Fundraising = $0”
Form 990, Part IX, Line 24E
“DONATIONS: Column (A) - Total = $100; Column (B) - Program Services = $100; Column (C) - Management & General = $0; Column (D) - Fundraising = $0”
Form 990, Part IX, Line 24E
“ELECTRIAN/PLUMBING: Column (A) - Total = $2341; Column (B) - Program Services = $0; Column (C) - Management & General = $2341; Column (D) - Fundraising = $0”
Form 990, Part IX, Line 24E
“FEES: Column (A) - Total = $600; Column (B) - Program Services = $0; Column (C) - Management & General = $600; Column (D) - Fundraising = $0”
Form 990, Part IX, Line 24E
“GOOGLE SUITE: Column (A) - Total = $1195; Column (B) - Program Services = $0; Column (C) - Management & General = $1195; Column (D) - Fundraising = $0”
Form 990, Part IX, Line 24E
“INTERNET: Column (A) - Total = $2164; Column (B) - Program Services = $1082; Column (C) - Management & General = $1082; Column (D) - Fundraising = $0”
Form 990, Part IX, Line 24E
“LAPTOP: Column (A) - Total = $2534; Column (B) - Program Services = $0; Column (C) - Management & General = $2534; Column (D) - Fundraising = $0”
Form 990, Part IX, Line 24E
“LEGAL FEES: Column (A) - Total = $2500; Column (B) - Program Services = $0; Column (C) - Management & General = $2500; Column (D) - Fundraising = $0”
Form 990, Part IX, Line 24E
“PIANO TUNING: Column (A) - Total = $390; Column (B) - Program Services = $0; Column (C) - Management & General = $390; Column (D) - Fundraising = $0”
Form 990, Part IX, Line 24E
“Postage and Shipping: Column (A) - Total = $1648; Column (B) - Program Services = $824; Column (C) - Management & General = $824; Column (D) - Fundraising = $0”
Form 990, Part IX, Line 24E
“REPAIRS: Column (A) - Total = $925; Column (B) - Program Services = $0; Column (C) - Management & General = $925; Column (D) - Fundraising = $0”
Form 990, Part IX, Line 24E
“SUBSCRIPTIONS/DUES: Column (A) - Total = $731; Column (B) - Program Services = $0; Column (C) - Management & General = $731; Column (D) - Fundraising = $0”
Form 990, Part IX, Line 24E
“UTILITIES: Column (A) - Total = $4909; Column (B) - Program Services = $4909; Column (C) - Management & General = $0; Column (D) - Fundraising = $0”
Form 990, Part IX, Line 24E
“WEBSITE: Column (A) - Total = $2660; Column (B) - Program Services = $2660; Column (C) - Management & General = $0; Column (D) - Fundraising = $0”
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| IRS990/Form990PartVIISectionAGrp/TitleTxt | 5 | Trustee |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 6 | Trustee |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 7 | Trustee |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 8 | President |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 9 | Vice President |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 10 | Treasurer |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 11 | Secretary |
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| IRS990/MissionDesc | 0 | PROMOTE LITERACY, PROVIDE ACCESS TO BOOKS, CREATE A GATHERING SPACE FOR THE ARTS. WE HOST HUNDREDS OF FREE CONNUNITY EVENTS-FROM BOOK CLUBS AND AUTHOR READINGS TO PERFORMANCES BY LOCAL MUSICIANS AND ARTISTS. |
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| IRS990/NetIncomeOrLossGrp/ExclusionAmt | 0 | 165510 |
| IRS990/NetIncomeOrLossGrp/TotalRevenueColumnAmt | 0 | 165510 |
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| IRS990/OtherExpensesGrp/Desc | 0 | SALES TAX IN SALES |
| IRS990/OtherExpensesGrp/Desc | 1 | SUPPLIES |
| IRS990/OtherExpensesGrp/Desc | 2 | CREIT CARD PROCESSING |
| IRS990/OtherExpensesGrp/Desc | 3 | CLEANING |
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| IRS990/OtherExpensesGrp/ProgramServicesAmt | 1 | 8119 |
| IRS990/OtherExpensesGrp/ProgramServicesAmt | 2 | 7661 |
| IRS990/OtherExpensesGrp/ProgramServicesAmt | 3 | 7500 |
| IRS990/OtherExpensesGrp/TotalAmt | 0 | 8946 |
| IRS990/OtherExpensesGrp/TotalAmt | 1 | 8119 |
| IRS990/OtherExpensesGrp/TotalAmt | 2 | 7661 |
| IRS990/OtherExpensesGrp/TotalAmt | 3 | 7500 |
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| IRS990/ProgramServiceRevenueGrp/Desc | 0 | Membership Dues & Assessments |
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| IRS990/PYExcessBenefitTransInd | 0 | false |
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| IRS990/PYOtherRevenueAmt | 0 | 196310 |
| IRS990/PYProgramServiceRevenueAmt | 0 | 36878 |
| IRS990/PYRevenuesLessExpensesAmt | 0 | 85167 |
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| IRS990/PYTotalExpensesAmt | 0 | 168021 |
| IRS990/PYTotalRevenueAmt | 0 | 253188 |
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| IRS990/ReportInvestmentsOtherSecInd | 0 | false |
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| IRS990/ReportOtherAssetsInd | 0 | false |
| IRS990/ReportOtherLiabilitiesInd | 0 | false |
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| IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt | 0 | 173153 |
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| IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus1YearAmt | 0 | 20000 |
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| IRS990ScheduleG/FundraisingEventInformationGrp/DirectExpenseSummaryEventsAmt | 0 | 4069 |
| IRS990ScheduleG/FundraisingEventInformationGrp/Event1Nm | 0 | SPECIAL EVENTS |
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| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 0 | THE ASBURY BOOK COOPERATIVE(ABC)IS A VOLUNTEER-DRIVEN, INDEPENDENT BOOKSTORE IN ASBURY PARK,NEW JERSEY. WE PROMOTE LITERACY, PROVIDE ACESS TO BOOKS FOR ALL,AND CREATE A WELCOMING GATHERING SPACE FOR THE ARTS.WE HOST HUNDREDS OF FREE COMMUNITY EVENTS -FROM BOOK CLUBS AND AUTHOR READINGS TO PREFORMANCES BY TALENTED LOCAL MUSICIANS AND ARTISTS. OUR MISSION EXTENDS BEYOND BOOKS; WE AIM TO FOSTER A SENSE OF BELONGING AND CREATIVITY IN OUR COMMUNITY.IN COLLABORATION WITH LOCAL SCHOOLS AND NONPROFIT ORGANIZATIONS,ABC VOLUNTEERS ARE DEDICATED TO EXPANDING ACESS TO BOOKS FOR EVERYONE,ESPECIALLY CHILDREN. THROUGH OUR ANNUAL HOLIDAY BOOK DONATION DRIVE AND PARTNERSHIP WITH THE ASBURY PARK'S BACKPACK PROGRAM, WE ARE WORKING HARD TO PUT BOOKS IN THE HANDS OF YOUNG READERS. WE SUSTAIN OUR EFFORTS THROUGH THE SALE OF NEW AND USED BOOKS, AND MORE IMPORTANTLY, THROUGH THE GENEROUS SUPPORT OF OUR MEMBERS AND DONORS WHO SHARE OUR PASSION FOR INDEPENDENT BOOKSTORES AND BELIEVE IN THE STRENGTH OF COMMUNITY. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 1 | No review was or will be conducted. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 2 | No documents available to the public. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 3 | ACCOUNTING: Column (A) - Total = $1150; Column (B) - Program Services = $0; Column (C) - Management & General = $1150; Column (D) - Fundraising = $0 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 4 | BANK FEES: Column (A) - Total = $121; Column (B) - Program Services = $0; Column (C) - Management & General = $121; Column (D) - Fundraising = $0 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 5 | CLOVER: Column (A) - Total = $1048; Column (B) - Program Services = $1048; Column (C) - Management & General = $0; Column (D) - Fundraising = $0 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 6 | DECOR: Column (A) - Total = $400; Column (B) - Program Services = $400; Column (C) - Management & General = $0; Column (D) - Fundraising = $0 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 7 | DONATIONS: Column (A) - Total = $100; Column (B) - Program Services = $100; Column (C) - Management & General = $0; Column (D) - Fundraising = $0 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 8 | ELECTRIAN/PLUMBING: Column (A) - Total = $2341; Column (B) - Program Services = $0; Column (C) - Management & General = $2341; Column (D) - Fundraising = $0 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 9 | FEES: Column (A) - Total = $600; Column (B) - Program Services = $0; Column (C) - Management & General = $600; Column (D) - Fundraising = $0 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 10 | GOOGLE SUITE: Column (A) - Total = $1195; Column (B) - Program Services = $0; Column (C) - Management & General = $1195; Column (D) - Fundraising = $0 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 11 | INTERNET: Column (A) - Total = $2164; Column (B) - Program Services = $1082; Column (C) - Management & General = $1082; Column (D) - Fundraising = $0 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 12 | LAPTOP: Column (A) - Total = $2534; Column (B) - Program Services = $0; Column (C) - Management & General = $2534; Column (D) - Fundraising = $0 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 13 | LEGAL FEES: Column (A) - Total = $2500; Column (B) - Program Services = $0; Column (C) - Management & General = $2500; Column (D) - Fundraising = $0 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 14 | PIANO TUNING: Column (A) - Total = $390; Column (B) - Program Services = $0; Column (C) - Management & General = $390; Column (D) - Fundraising = $0 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 15 | Postage and Shipping: Column (A) - Total = $1648; Column (B) - Program Services = $824; Column (C) - Management & General = $824; Column (D) - Fundraising = $0 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 16 | REPAIRS: Column (A) - Total = $925; Column (B) - Program Services = $0; Column (C) - Management & General = $925; Column (D) - Fundraising = $0 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 17 | SUBSCRIPTIONS/DUES: Column (A) - Total = $731; Column (B) - Program Services = $0; Column (C) - Management & General = $731; Column (D) - Fundraising = $0 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 18 | UTILITIES: Column (A) - Total = $4909; Column (B) - Program Services = $4909; Column (C) - Management & General = $0; Column (D) - Fundraising = $0 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 19 | WEBSITE: Column (A) - Total = $2660; Column (B) - Program Services = $2660; Column (C) - Management & General = $0; Column (D) - Fundraising = $0 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 0 | Form 990, Part III, Line 2 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 1 | Form 990, Part VI, Section B, Line 11b |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 2 | Form 990, Part VI, Section C, Line 19 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 3 | Form 990, Part IX, Line 24e |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 4 | Form 990, Part IX, Line 24e |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 5 | Form 990, Part IX, Line 24e |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 6 | Form 990, Part IX, Line 24e |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 7 | Form 990, Part IX, Line 24e |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 8 | Form 990, Part IX, Line 24e |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 9 | Form 990, Part IX, Line 24e |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 10 | Form 990, Part IX, Line 24e |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 11 | Form 990, Part IX, Line 24e |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 12 | Form 990, Part IX, Line 24e |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 13 | Form 990, Part IX, Line 24e |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 14 | Form 990, Part IX, Line 24e |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 15 | Form 990, Part IX, Line 24e |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 16 | Form 990, Part IX, Line 24e |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 17 | Form 990, Part IX, Line 24e |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 18 | Form 990, Part IX, Line 24e |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 19 | Form 990, Part IX, Line 24e |
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