I recently par­tic­i­pated in a dis­cus­sion in which some­one posted a rumor that ALA requires pres­i­den­tial can­di­dates to prove they have $10,000 in their bank accounts in order to run their cam­paigns.
This rumor is cat­e­gor­i­cally false, as ver­i­fied for me by Mary Ghikas, Senior Asso­ciate Exec­u­tive Direc­tor at ALA. There are no mon­e­tary or finan­cial require­ments to run for ALA pres­i­dent, although you might need lots of caf­feine.
snopesALA