Boston Book Festival Inc
- Assets
- $447.3k
- Revenue
- $361.5k
- Investments
- $0.0
- Employees
- 3
- Location
- Cambridge, MA
- Founding
- 09/2008
- Data as of
- 12/2022
- 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 12/2022, 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 12/2022, Boston Book Festival Inc generated $361.5k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (8.3%) each year. All expenses for the organization totaled $480.7k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (3.9%) per year over the past 4 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
2022
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 OCTOBER 2022, THE BOSTON BOOK FESTIVAL SPONSORED A FREE EVENT ENTITLED THE BOSTON BOOK FESTIVAL. IT WAS HELD IN COPLEY SQUARE IN DOWNTOWN BOSTON. 24,000 READERS OF ALL AGES FROM ACROSS NEW ENGLAND ATTENDED. 200 AUTHORS PARTICIPATED THROUGHOUT THE DAY IN PANELS, READINGS, PRESENTATIONS, AND WORKSHOPS. THERE ALSO WAS A STREET FESTIVAL THAT FEATURED 70 EXHIBITORS AND VENDORS AND A LIVE MUSIC STAGE. IN ADDITION TO THIS EXTRAORDINARY DAY, OUR ORGANIZATION RAN LIT CRAWL, AN EVENING OF LITERARY PROGRAMMING IN UNEXPECTED LOCATIONS LIKE HAIR SALONS, OUTDOOR PLAZAS, AND SHOE STORES; IT TOOK PLACE IN JUNE. IN AUGUST, WE ALSO RAN THE GREATER ROXBURY WRITERS FEST AND BOOK FAIR, A DAY LONG LITERARY EVENT CREATED IN PARTNERSHIP WITH NEIGHBHORHOOD COMMUNITY LEADERS AND STAKEHOLDERS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Deborah Z Porter President | OfficerTrustee | 20 | $0 |
Jeanne Blasberg Treasurer | OfficerTrustee | 2 | $0 |
Christine Mastrangelo Clerk | OfficerTrustee | 2 | $0 |
Callie Crossley Director | Trustee | 2 | $0 |
Robert Duboff Director | Trustee | 2 | $0 |
Erik Erlingsson Director | Trustee | 2 | $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 | $353,335 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $353,335 |
| Total Program Service Revenue | $0 |
| Investment income | $3,996 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $4,052 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $361,480 |
| 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. | $52,951 |
| Compensation of current officers, directors, key employees. | $10,644 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $25,320 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $2,716 |
| Payroll taxes | $5,886 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $4,049 |
| Fees for services: Accounting | $34,282 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $37,700 |
| Advertising and promotion | $19,300 |
| Office expenses | $4,281 |
| Information technology | $7,140 |
| Royalties | $0 |
| Occupancy | $18,194 |
| Travel | $577 |
| 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 | $1,220 |
| All other expenses | $37,514 |
| Total functional expenses | $480,683 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $221,578 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $19,206 |
| 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 | $2,235 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $204,327 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $447,346 |
| Accounts payable and accrued expenses | $21,871 |
| 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 | $21,871 |
| Net assets without donor restrictions | $423,975 |
| Net assets with donor restrictions | $1,500 |
| 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 | $447,346 |