National Book Foundation Inc is located in New York, NY. The organization was established in 1986. According to its NTEE Classification (A70) the organization is classified as: Humanities, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 04/2023, National Book Foundation Inc employed 13 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. National Book Foundation Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 04/2023, National Book Foundation Inc generated $2.4m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 7.8% each year. All expenses for the organization totaled $2.4m during the year ending 04/2023. While expenses have increased by 5.6% per year over the past 8 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Since 2018, National Book Foundation Inc has awarded 165 individual grants totaling $2,740,455. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
THE MISSION OF THE NATIONAL BOOK FOUNDATION IS TO CELEBRATE THE BEST LITERATURE PUBLISHED IN THE UNITED STATES, EXPAND ITS AUDIENCE, AND ENSURE THAT BOOKS HAVE A PROMINENT PLACE IN OUR CULTURE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
AWARDS AND HONORSTHE NATIONAL BOOK AWARDS (NBAS) ARE ONE OF THE NATION'S MOST PRESTIGIOUS LITERARY PRIZES, WITH A STELLAR RECORD OF IDENTIFYING AND REWARDING QUALITY WRITING. WITHIN A DECADE OF ITS FOUNDING IN 1950, THE NBAS ACKNOWLEDGED THE WORK OF WRITERS SUCH AS HANNAH ARENDT, W.H. AUDEN, SAUL BELLOW, TRUMAN CAPOTE, RACHEL CARSON, RALPH ELLISON, WILLIAM FAULKNER, MARIANNE MOORE, VLADIMIR NABOKOV, FLANNERY O'CONNOR, KATHERINE ANNE PORTER, ADRIENNE RICH, EUDORA WELTY, AND WILLIAM CARLOS WILLIAMS-AUTHORS WHO HAVE HELPED SHAPE THE FOUNDATION OF LITERATURE IN THE UNITED STATES. (CONTINUES ON SCHEDULE O)THIS TRADITION CONTINUES, WITH THE NBAS TODAY HONORING A DIVERSE COMMUNITY OF WRITERS INCLUDING ELIZABETH ACEVEDO, ROBERT A. CARO, MASHA GESSEN, TERRANCE HAYES, IBRAM X. KENDI, LASZLO KRASZNAHORKAI, JACQUELINE WOODSON, JESMYN WARD, AND COLSON WHITEHEAD, AMONG MANY OTHERS. AWARDS ARE SELECTED BY A PANEL OF PEER WRITERS AND LITERARY LEADERS, AND ARE CURRENTLY PRESENTED IN FIVE CATEGORIES: FICTION, NONFICTION, POETRY, TRANSLATED LITERATURE, AND YOUNG PEOPLE'S LITERATURE. IN FISCAL YEAR 2023 THE WINNERS WERE, RESPECTIVELY: RABBIT HUTCH BY TESS GUNTY; SOUTH TO AMERICA: A JOURNEY BELOW THE MASON-DIXON TO UNDERSTAND THE SOUL OF A NATION BY IMANI PERRY; PUNKS BY JOHN KEENE; SEVEN EMPTY HOUSES BY SAMANTA SCHWEBLIN, TRANSLATED BY MEGAN MCDOWELL; AND ALL MY RAGE BY SABAA TAHIR. THE NATIONAL BOOK FOUNDATION ALSO AWARDS AN ANNUAL MEDAL FOR DISTINGUISHED CONTRIBUTION TO AMERICAN LETTERS TO A PERSON OR ENTITY "WHO, IN THE OPINION OF THE BOARD OF DIRECTORS OF THE NATIONAL BOOK FOUNDATION, HAS ENRICHED OUR LITERARY HERITAGE OVER A LIFE OF SERVICE, OR CORPUS OF WORK." IN FISCAL YEAR 2023, THE MEDAL WAS PRESENTED TO AUTHOR AND COMIC ARTIST ART SPIEGELMAN. THE NATIONAL BOOK FOUNDATION ALSO PRESENTS AN ANNUAL LITERARIAN AWARD FOR OUTSTANDING SERVICE TO THE AMERICAN LITERARY COMMUNITY, WHICH IN FISCAL YEAR 2023 WAS AWARDED TO LIBRARIAN TRACIE HALL. FINALLY, THE 5 UNDER 35 PROGRAM IDENTIFIES AND CELEBRATES FIVE EMERGING FICTION WRITERS ANNUALLY, SELECTED BY FORMER NATIONAL BOOK AWARD FINALISTS AND WINNERS. IN FISCAL YEAR 2023, THE HONOREES WERE MATEO ASKARIPOUR, CHELSEA T. HICKS, MORGAN TALTY, JENNY XIE, AND ADA ZHANG.NBA-HONORED AUTHORS ARE THE CORNERSTONE OF THE NATIONAL BOOK FOUNDATION'S PROGRAMS, WHICH SERVE READERS OF ALL AGES ACROSS THE COUNTRY, FREE-OF-CHARGE, WITH A STRONG EMPHASIS ON URBAN AND RURAL COMMUNITIES WHERE THERE ARE BARRIERS TO ENGAGEMENT WITH THE LITERARY ARTS.PUBLIC PROGRAMSTHE NATIONAL BOOK FOUNDATION'S PUBLIC PROGRAMS FALL UNDER THE MONIKER OF NBF PRESENTS, A SERIES OF PUBLIC READINGS AND BOOK-BASED DISCUSSIONS WITH NBA-HONORED AUTHORS AT COLLEGES, UNIVERSITIES, LIBRARIES, PERFORMANCE VENUES, AND BOOK FESTIVALS ACROSS THE COUNTRY, AND INCLUDES TOPICAL PROGRAMS LIKE LITERATURE FOR JUSTICE, A NATIONAL PROJECT THAT DISTRIBUTES NBA-HONORED TITLES TO PRISONS AND DETENTION CENTERS AROUND THE COUNTRY IN PARTNERSHIP WITH LITERATURE FOR JUSTICE COMMITTEE MEMBER REGINALD DWAYNE BETTS ORGANIZATION FREEDOM READS. IN FISCAL YEAR 2023, NBF PRESENTS INCLUDED BOTH VIRTUAL AND IN-PERSON PROGRAMMING, AND CURATED 22 EVENTS FEATURING 63 NATIONAL BOOK FOUNDATION-HONORED AUTHORS, AND ENGAGING OVER 5,000 AUDIENCE MEMBERS. NBF ALSO CONTINUED ITS NEW SCIENCE + LITERATURE PROGRAM, WHICH IDENTIFIES THREE BOOKS ANNUALLY TO DEEPEN READERS' UNDERSTANDING OF SCIENCE AND TECHNOLOGY WITH A FOCUS ON WORK THAT HIGHLIGHTS THE DIVERSITY OF VOICES IN SCIENTIFIC WRITING. THE SCIENCE + LITERATURE SELECTIONS IN FISCAL YEAR 2023 WERE DYKE (GEOLOGY) BY SABRINA IMBLER, REAL LIFE BY BRANDON TAYLOR, AND BLOCKCHAIN CHICKEN FARM: AND OTHER STORIES OF TECH IN CHINA'S COUNTRYSIDE BY XIAOWEI WANG. EDUCATION AND ACCESSTHE NATIONAL BOOK FOUNDATION IS COMMITTED TO INSPIRING A LOVE OF READING AMONG YOUNG PEOPLE THROUGH EDUCATIONAL PROGRAMS SUCH AS BOOKUP, A WRITER-LED, AFTER-SCHOOL PROGRAM FOR MIDDLE-SCHOOL STUDENTS IN THREE US CITIES; BOOK RICH ENVIRONMENTS, WHICH IN FISCAL YEAR 2023 DISTRIBUTED CLOSE TO 325,000 FREE BOOKS TO CHILDREN AND FAMILIES LIVING IN PUBLIC HOUSING AUTHORITIES IN 56 COMMUNITIES ACROSS 34 STATES AND WASHINGTON, DC; AND TEEN PRESS CONFERENCE, AN OPPORTUNITY FOR STUDENTS IN NEW YORK CITY AND MIAMI TO HEAR FROM AND ASK QUESTIONS OF THE 2022 NATIONAL BOOK AWARD FINALISTS IN YOUNG PEOPLE'S LITERATURE.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
David Steinberger Board Chair | OfficerTrustee | 1 | $0 |
Fiona Mccrae Board Vice Chair | OfficerTrustee | 1 | $0 |
Elpidio Villarreal Board Treasurer | OfficerTrustee | 1 | $0 |
Calvin Sims Secretary | OfficerTrustee | 1 | $0 |
Quang Bao Board Member | Trustee | 1 | $0 |
James Daunt Board Member | Trustee | 1 | $0 |
Statement of Revenue | |
---|---|
Federated campaigns | $0 |
Membership dues | $0 |
Fundraising events | $546,702 |
Related organizations | $0 |
Government grants | $419,692 |
All other contributions, gifts, grants, and similar amounts not included above | $824,171 |
Noncash contributions included in lines 1a–1f | $91,367 |
Total Revenue from Contributions, Gifts, Grants & Similar | $1,790,565 |
Total Program Service Revenue | $494,534 |
Investment income | $83,997 |
Tax Exempt Bond Proceeds | $0 |
Royalties | $595 |
Net Rental Income | $0 |
Net Gain/Loss on Asset Sales | $26,279 |
Net Income from Fundraising Events | $0 |
Net Income from Gaming Activities | $0 |
Net Income from Sales of Inventory | $0 |
Miscellaneous Revenue | $0 |
Total Revenue | $2,395,970 |
Statement of Expenses | |
---|---|
Grants and other assistance to domestic organizations and domestic governments. | $0 |
Grants and other assistance to domestic individuals. | $120,001 |
Grants and other assistance to Foreign Orgs/Individuals | $0 |
Benefits paid to or for members | $0 |
Compensation of current officers, directors, key employees. | $279,844 |
Compensation of current officers, directors, key employees. | $27,164 |
Compensation to disqualified persons | $0 |
Other salaries and wages | $736,596 |
Pension plan accruals and contributions | $24,669 |
Other employee benefits | $108,943 |
Payroll taxes | $66,216 |
Fees for services: Management | $0 |
Fees for services: Legal | $0 |
Fees for services: Accounting | $65,331 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $0 |
Fees for services: Other | $27,618 |
Advertising and promotion | $12,830 |
Office expenses | $230,812 |
Information technology | $0 |
Royalties | $0 |
Occupancy | $111,203 |
Travel | $107,837 |
Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
Conferences, conventions, and meetings | $0 |
Interest | $0 |
Payments to affiliates | $0 |
Depreciation, depletion, and amortization | $13,393 |
Insurance | $1,832 |
All other expenses | $22,733 |
Total functional expenses | $2,376,616 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $131,949 |
Savings and temporary cash investments | $522,658 |
Pledges and grants receivable | $707,258 |
Accounts receivable, net | $46,994 |
Loans from Officers, Directors, or Controlling Persons | $0 |
Loans from Disqualified Persons | $0 |
Notes and loans receivable | $0 |
Inventories for sale or use | $0 |
Prepaid expenses and deferred charges | $121,693 |
Net Land, buildings, and equipment | $20,396 |
Investments—publicly traded securities | $3,098,765 |
Investments—other securities | $0 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $180,250 |
Total assets | $4,829,963 |
Accounts payable and accrued expenses | $96,084 |
Grants payable | $0 |
Deferred revenue | $84,725 |
Tax-exempt bond liabilities | $0 |
Escrow or custodial account liability | $0 |
Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
Secured mortgages and notes payable | $0 |
Unsecured mortgages and notes payable | $0 |
Other liabilities | $155,117 |
Total liabilities | $335,926 |
Net assets without donor restrictions | $3,614,925 |
Net assets with donor restrictions | $879,112 |
Capital stock or trust principal, or current funds | $0 |
Paid-in or capital surplus, or land, building, or equipment fund | $0 |
Retained earnings, endowment, accumulated income, or other funds | $0 |
Total liabilities and net assets/fund balances | $4,829,963 |
Over the last fiscal year, National Book Foundation Inc has awarded $1,550,000 in support to 90 organizations.
Grant Recipient | Amount |
---|---|
MINNESOTA PRISON WRITING WORKSHOP PURPOSE: LITERARY ARTS EMERGENCY FUND GRANT | $50,000 |
VOICES OF OUR NATIONS ARTS FOUNDATION PURPOSE: LITERARY ARTS EMERGENCY FUND GRANT | $50,000 |
WORD UP COMMUNITY BOOKSHOP PURPOSE: LITERARY ARTS EMERGENCY FUND GRANT | $50,000 |
ZORA NEALE HURSTONRICHARD WRIGHT FOUNDATION PURPOSE: LITERARY ARTS EMERGENCY FUND GRANT | $50,000 |
CULTURETRUST GREATER PHILADELPHIA PURPOSE: LITERARY ARTS EMERGENCY FUND GRANT | $40,000 |
ASSOCIATION OF WRITERS & WRITING PROGRAMS PURPOSE: LITERARY ARTS EMERGENCY FUND GRANT | $25,000 |