Book Trust
- Assets
- $4.4m
- Revenue
- $3.6m
- Investments
- $0.0
- Employees
- 10
- Location
- Denver, CO
- Founding
- 10/2006
- Data as of
- 06/2023
- EIN
- 20-4124164
Organization Overview
Book Trust is located in Denver, CO. The organization was established in 2006. According to its NTEE Classification (B24) the organization is classified as: Primary & Elementary Schools, under the broad grouping of Education and related organizations. As of 06/2023, Book Trust employed 10 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Book Trust 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 06/2023, Book Trust generated $3.6m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 1.0% each year. All expenses for the organization totaled $4.4m during the year ending 06/2023. While expenses have increased by 4.1% 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
PROVIDING ALL CHILDREN EQUITABLE ACCESS TO BOOKS OF CHOICE IN ORDER TO PROMOTE READING MOTIVATION AND ENGAGEMENT.
Describe the Organization's Program Activity:
Part 3 - Line 4a
BOOKS - DIRECT COST OF NEW BOOKS THAT ARE CHOSEN AND OWNED BY BOOK TRUST STUDENTS THROUGHOUT THE SCHOOL YEAR. BOOK TRUST IS A TEACHER-LED, STUDENT- DRIVEN NATIONAL EARLY LITERACY PROGRAM WHICH INCLUDES A STEP-BY-STEP SUPPORTED AND EVALUATED PROCESS TO ENSURE STUDENTS HAVE THE OPPORTUNITY TO DISCOVER THE JOY AND POWER OF READING. IN THE 2022-2023 SCHOOL YEAR, 47,527 BOOK TRUST ELEMENTARY STUDENTS IN 198 SCHOOLS ACROSS 13 STATES, SELECTED AND RECEIVED 706,725 NEW SCHOLASTIC BOOKS. BOOK TRUST STUDENTS WERE ABLE TO BUILD THEIR LOVE OF READING AND THEIR OWN HOME LIBRARIES.
TEACHER TRAINING AND RESOURCES - DIRECT COST TO DEVELOP AND PROVIDE TEACHER TRAINING, SUPPORT, AND LITERACY RESOURCES TO BOOK TRUST MANAGERS AND TEACHERS THROUGHOUT THE YEAR. BOOK TRUST MANAGERS AND TEACHERS VOLUNTEER THEIR TIME TO IMPLEMENT BOOK TRUST'S PROGRAM EVERY MONTH OF THE SCHOOL YEAR. IN 2022-2023, 198 BOOK TRUST MANAGERS AND 2,371 TEACHERS ACROSS 13 STATES RECEIVED BOOK TRUST'S PROGRAM TRAINING, ON-GOING PROGRAM SUPPORT, AND MONTHLY LITERACY RESOURCES TO ENGAGE STUDENTS IN BOOK CHOICE, OWNERSHIP, AND CELEBRATION. BOOK TRUST MANAGERS AND TEACHERS RECEIVE LITERACY TOOLS FOR EARLY READING TACTICS, FAMILY ENGAGEMENT, AND THE BENEFITS OF PLAYING AN ACTIVE ROLE IN DAILY READING IN THE CLASSROOM AND AT HOME.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Colleen O'keefe President & | Officer | 60 | $175,554 |
Stacey Kirkland Intrm Presid | Officer | 40 | $0 |
Amy Kolczak Chair | OfficerTrustee | 4 | $0 |
David Diehl Treasurer | OfficerTrustee | 4 | $0 |
Cheryl Zimlich Secretary | OfficerTrustee | 4 | $0 |
David Perez Director | Trustee | 2 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Community Counseling Service Fr Campaign | 6/29/23 | $212,500 |
Canopy Advisory Group Inc Grant Writing | 6/29/23 | $202,636 |
Koya Leadership Partners Llc Recruitment | 6/29/23 | $105,999 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $115,049 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $2,426,951 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,542,000 |
| Total Program Service Revenue | $920,990 |
| Investment income | $109,640 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,572,630 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $203,674 |
| Compensation of current officers, directors, key employees. | $71,286 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $683,017 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $52,115 |
| Payroll taxes | $59,939 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $560,866 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $543,729 |
| Advertising and promotion | $0 |
| Office expenses | $63,009 |
| Information technology | $16,868 |
| Royalties | $0 |
| Occupancy | $11,155 |
| Travel | $30,254 |
| 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 | $868 |
| Insurance | $6,267 |
| All other expenses | $0 |
| Total functional expenses | $4,444,730 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $3,767,732 |
| Savings and temporary cash investments | $245,859 |
| Pledges and grants receivable | $328,019 |
| Accounts receivable, net | $0 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $42,381 |
| Total assets | $4,383,991 |
| Accounts payable and accrued expenses | $510,418 |
| Grants payable | $0 |
| Deferred revenue | $23,750 |
| 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 | $350,000 |
| Total liabilities | $884,168 |
| Net assets without donor restrictions | $2,971,953 |
| Net assets with donor restrictions | $527,870 |
| 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 | $4,383,991 |