Boston Book Festival Inc
- Assets
- $602.6k
- Revenue
- $369.2k
- Investments
- $0.0
- Employees
- 3
- Location
- Cambridge, MA
- Founding
- 09/2008
- Data as of
- 12/2021
- EIN
- 26-2260622
Organization Overview
Boston Book Festival Inc is located in Cambridge, MA. The organization was established in 2008. According to its NTEE Classification (B19) the organization is classified as: Support N.E.C., under the broad grouping of Education and related organizations. As of 12/2021, Boston Book Festival Inc employed 3 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Boston Book Festival 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 12/2021, Boston Book Festival Inc generated $369.2k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (5.6%) each year. All expenses for the organization totaled $294.9k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (10.3%) per year over the past 7 years. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE BOSTON BOOK FESTIVAL CELEBRATES THE POWER OF WORDS TO STIMULATE, AGITATE, UNITE, DELIGHT, AND INSPIRE BY HOLDING YEAR-ROUND EVENTS CULMINATING IN AN ANNUAL, FREE FESTIVAL THAT PROMOTES A CULTURE OF READING AND IDEAS AND ENHANCES THE VIBRANCY OF THE GREAT BOSTON REGION AND BEYOND.
Describe the Organization's Program Activity:
Part 3 - Line 4a
IN 2021, DUE TO THE GLOBAL COVID-19 PANDEMIC, THE BOSTON BOOK FESTIVAL CONTINUED WITH THE VAST MAJORITY OF ITS PROGRAMS ONLINE, HOSTING A FREE SERIES OF 70+ LITERARY PROGRAMS VIRTUALLY DURING THE MONTH OF OCTOBER, INCLUDING LIVE-STREAMED VIDEO DISCUSSIONS, PRE-RECORDED READINGS, AND PODCAST-STYLE AUDIO SESSIONS. MORE THAN 14,000 ATTENDEES FROM ACROSS THE UNITED STATES ACCESSED THIS CONTENT DURING THE FESTIVAL. FROM ITS INCEPTION IN 2008, THE BOSTON BOOK FESTIVAL HAS BECOME A FAVORITE PUBLIC EVENT FOR THE GREATER BOSTON METROPOLITAN AREA CELEBRATING BOSTON AS ONE OF THE MAJOR LITERARY CITIES IN THE COUNTRY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Norah Piehl Executive Director | Officer | 40 | $83,600 |
Jacqueline Mccabe Clerk | OfficerTrustee | 2 | $0 |
Jeanne Blasberg Treasurer | OfficerTrustee | 2 | $0 |
Deborah Z Porter President | OfficerTrustee | 20 | $0 |
Danielle Castelli Director | Trustee | 2 | $0 |
Callie Crossley Director | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $24,896 |
| All other contributions, gifts, grants, and similar amounts not included above | $353,035 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $377,931 |
| Total Program Service Revenue | $0 |
| Investment income | $4,528 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | -$14,094 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $369,212 |
| 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. | $86,108 |
| Compensation of current officers, directors, key employees. | $17,347 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $46,832 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $7,538 |
| Payroll taxes | $10,081 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $375 |
| Fees for services: Accounting | $8,482 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $17,675 |
| Office expenses | $3,976 |
| Information technology | $6,863 |
| Royalties | $0 |
| Occupancy | $16,000 |
| Travel | $809 |
| 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 | $0 |
| Insurance | $1,172 |
| All other expenses | $34,328 |
| Total functional expenses | $294,900 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $341,389 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $20,150 |
| 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 | $1,790 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $239,223 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $602,552 |
| Accounts payable and accrued expenses | $10,234 |
| 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 | $0 |
| Total liabilities | $10,234 |
| Net assets without donor restrictions | $592,318 |
| Net assets with donor restrictions | $0 |
| 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 | $602,552 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Boston Book Festival Inc has recieved totaling $100.
| Awarding Organization | Amount |
|---|---|
Alchemy Foundation Cambridge, MA PURPOSE: GENERAL SUPPORT | $100 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Worcester City Campus Corporation Shrewsbury, MA | $408,230,540 | $37,285,221 |
New Visions For Public Schools Inc New York, NY | $79,613,761 | $33,356,068 |
Naf New York, NY | $28,094,768 | $18,819,868 |
Zearn Inc New York, NY | $36,079,361 | $33,394,711 |
Uchcfc Circle Road Corp Farmington, CT | $184,016,128 | $11,665,579 |
United Community Schools Inc New York, NY | $17,599,679 | $9,226,471 |
Friends Of Hellenic Classical Charter Schools Inc Brooklyn, NY | $82,915,888 | $678,941 |
Massachusetts Green High Performance Computing Center Inc Holyoke, MA | $16,995,884 | $7,668,165 |
Student Achievement Partners Inc New York, NY | $8,247,794 | $7,455,301 |
Vmc Indemnity Company Inc Burlington, VT | $100,648,707 | $14,545,433 |
Uka Facilities Foundation Inc New York, NY | $167,163,417 | $25,000 |
Hill For Literacy Inc Woburn, MA | $4,985,114 | $5,142,068 |