TY 2018 Form 990 Schedule O

efile Public Visual Render ObjectId: 202011439349300206 - Submission: 2020-05-22 TIN: 13-2986916

SCHEDULE O
(Form 990 or 990-EZ)

Department of the Treasury
Internal Revenue Service

Supplemental Information to Form 990 or 990-EZ

Complete to provide information for responses to specific questions on
Form 990 or 990-EZ or to provide any additional information.
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Attach to Form 990 or 990-EZ.
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Go to www.irs.gov/Form990 for the latest information.

OMB No. 1545-0047

2018

Open to Public
Inspection

Name of the organization

THE LITERARY CLASSICS OF THE US INC
D/B/A LIBRARY OF AMERICA

Employer identification number

13-2986916

Return Reference	Explanation
FORM 990, PART VI, SECTION B, LINE 11B	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 15A	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 XII, LINE 2C:	THE PROCESS HAS NOT CHANGED SINCE THE PRIOR YEAR.

Return Reference

Explanation

FORM 990, PART VI, SECTION B, LINE 11B

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 15A

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 XII, LINE 2C:

THE PROCESS HAS NOT CHANGED SINCE THE PRIOR YEAR.

For Paperwork Reduction Act Notice, see the Instructions for Form 990 or 990-EZ.

Cat. No. 51056K

Schedule O (Form 990 or 990-EZ) 2018

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