Open Books Ltd
- Assets
- $1.6m
- Revenue
- $2.5m
- Investments
- $0.0
- Employees
- 26
- Location
- Chicago, IL
- Founding
- 06/2007
- Data as of
- 06/2022
- EIN
- 20-4830666
Organization Overview
Open Books Ltd is located in Chicago, IL. The organization was established in 2007. According to its NTEE Classification (B60) the organization is classified as: Adult Education, under the broad grouping of Education and related organizations. As of 06/2022, Open Books Ltd employed 26 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Open Books Ltd 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 06/2022, Open Books Ltd generated $2.5m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 4.7% each year. All expenses for the organization totaled $2.4m during the year ending 06/2022. While expenses have increased by 3.4% per year over the past 7 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
OPEN BOOKS COLLECTS, GRANTS, AND SELLS USED BOOKS, PROVIDES COMMUNITY PROGRAMS AND MOBILIZES PASSIONATE VOLUNTEERS TO RAISE AWARENESS ABOUT LITERACY, IMPROVE READING AND WRITING SKILLS AND SPREAD THE LOVE OF READING AND WRITING IN CHICAGO AND BEYOND.
Describe the Organization's Program Activity:
Part 3 - Line 4a
DURING THE 2021-2022 ACADEMIC YEAR, OPEN BOOKS SERVED STUDENTS THROUGH BOOK ACCESS AND READING SUPPORT PROGRAMS. READING BUDDIES FOCUSED ON READING LEVEL ATTAINMENT AND GROWTH IN 2ND AND 3RD GRADE STUDENTS IN AFTERSCHOOL PROGRAMS ACROSS NORTH LAWNDALE. OPEN BOOK'S EARLY LITERACY PROGRAM, STORYTIME, ENGAGED CAREGIVERS AND FAMILIES IN FUNDAMENTAL LITERACY CONCEPTS THEY CAN PRACTICE AT HOME. FAMILIES WITH CHILDREN AGES 0-5 WERE ALSO ENROLLED IN DOLLY PARTON'S IMAGINATION LIBRARY, A BOOK ACCESS INITIATIVE AIMED AT INCREASING BOOKS IN THE HOME. WE GRANTED NEARLY 130,000 BOOKS THROUGH CLASSROOM BOOK GRANTS, AS WELL AS OUR FREE CHILDREN'S BOOK SECTION AT OPEN BOOKS PILSEN. IN ADDITION TO OPEN BOOKS'S LITERACY PROGRAMS, COMMUNITY EVENTS WERE A CORE PART OF OUR WORK WITH NORTH LAWNDALE READS. AS PART OF NORTH LAWNDALE READS, OPEN BOOKS BUILDS AND MAINTAINS LITTLE FREE LIBRARIES AND BOOK NOOKS ACROSS NORTH LAWNDALE AND SURROUNDING COMMUNITIES.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Eric Johnson Executive Director | Officer | 45 | $127,511 |
Denise Schwartz Secretary | OfficerTrustee | 2 | $0 |
Evan Trent Chair | OfficerTrustee | 2 | $0 |
Brandon Copple Vice Chair | OfficerTrustee | 2 | $0 |
Joshua Leavitt Treasurer | OfficerTrustee | 2 | $0 |
Brian Acks Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,913,703 |
| Noncash contributions included in lines 1a–1f | $784,178 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,913,703 |
| Total Program Service Revenue | $19,130 |
| Investment income | $28 |
| 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 | $571,676 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,509,213 |
| 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. | $133,159 |
| Compensation of current officers, directors, key employees. | $22,394 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $893,725 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $77,410 |
| Payroll taxes | $81,093 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $3,639 |
| Fees for services: Accounting | $24,500 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $33,683 |
| Advertising and promotion | $8,567 |
| Office expenses | $267,836 |
| Information technology | $12,262 |
| Royalties | $0 |
| Occupancy | $213,573 |
| Travel | $20,632 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,528 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $13,044 |
| Insurance | $21,504 |
| All other expenses | $1,189 |
| Total functional expenses | $2,422,938 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,075,553 |
| Savings and temporary cash investments | $25,618 |
| Pledges and grants receivable | $89,581 |
| Accounts receivable, net | $13,640 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $279,195 |
| Prepaid expenses and deferred charges | $41,567 |
| Net Land, buildings, and equipment | $84,280 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $22,700 |
| Total assets | $1,632,134 |
| Accounts payable and accrued expenses | $119,791 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $31,835 |
| Total liabilities | $151,626 |
| Net assets without donor restrictions | $1,055,723 |
| Net assets with donor restrictions | $424,785 |
| 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 | $1,632,134 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Open Books Ltd has recieved totaling $5,000.
| Awarding Organization | Amount |
|---|---|
Out Of The Box Foundation Inc Chicago, IL PURPOSE: GENERAL | $5,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Nbi-Sems Inc Altoona, WI | $32,056,887 | $23,539,455 |
Eleven Fifty Academy Inc Indianapolis, IN | $2,885,301 | $14,569,317 |
Foundation Of The American College Of Healthcare Executives Chicago, IL | $93,480,001 | $29,930,754 |
Network Of Executive Women Inc Chicago, IL | $6,845,772 | $11,079,191 |
Accreditation Council For Continuing Medical Education Chicago, IL | $14,011,011 | $9,679,361 |
Council For Adult And Experiental Learning Indianapolis, IN | $4,495,606 | $4,303,081 |
American School Of Correspondence Lansing, IL | $11,965,469 | $5,386,399 |
Society For Academic Emergency Medicine Des Plaines, IL | $10,341,301 | $6,329,618 |
Helen Miller-Seiu Member Education And Training Center Chicago, IL | $1,177,324 | $3,731,145 |
Kelley Executive Education Foundation Inc Bloomington, IN | $1,125,624 | $3,371,150 |
Literacy Kansas City Kansas City, MO | $1,783,046 | $2,841,106 |
Peo Program For Continuing Education Des Moines, IA | $11,022,579 | $3,626,880 |