Bernies Book Bank
- Assets
- $7.1m
- Revenue
- $5.8m
- Investments
- $0.0
- Employees
- 45
- Location
- Lake Bluff, IL
- Founding
- 02/2010
- Data as of
- 12/2022
- EIN
- 27-0914453
Organization Overview
Bernies Book Bank is located in Lake Bluff, IL. The organization was established in 2010. According to its NTEE Classification (O50) the organization is classified as: Youth Development Programs, under the broad grouping of Youth Development and related organizations. As of 12/2022, Bernies Book Bank employed 45 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Bernies Book Bank 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, Bernies Book Bank generated $5.8m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 2.4% each year. All expenses for the organization totaled $5.3m during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Form
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
DISTRIBUTES QUALITY CHILDREN'S BOOKS TO INCREASE BOOK OWNERSHIP AMONG UNDER-SERVED CHILDREN THROUGHOUT CHICAGOLAND.
Describe the Organization's Program Activity:
BERNIE'S BOOK BANK SOURCES, PROCESSES AND DISTRIBUTES QUALITY NEW AND GENTLY USED CHILDREN'S BOOKS TO SIGNIFICANTLY INCREASE BOOK OWNERSHIP AMONG UNDER-SERVED INFANTS, TODDLERS AND SCHOOL-AGE CHILDREN THROUGHOUT CHICAGOLAND. BERNIE'S BOOK BANK HAS SOURCED, PROCESSED AND DISTRIBUTED MORE THAN APPROXIMATELY 23 MILLION QUALITY CHILDREN'S BOOKS SINCE DECEMBER 2009.BERNIE'S BOOK BANK PERFORMS THREE FUNCTIONS EXCEPTIONALLY WELL:(1) WE SOURCE QUALITY NEW AND GENTLY USED CHILDREN'S BOOKS THROUGH PARTNERSHIPS WITH SCHOOLS, BUSINESSES, BOOK PUBLISHERS AND DISTRIBUTORS. BERNIE'S BOOK BANK MANAGES THE COLLECTION PROCESS, TAKING THE BURDEN OFF OF SCHOOLS AND ORGANIZATIONS, AND MAXIMIZING THE DONATIONS OF QUALITY BOOKS.(2) WE PROCESS BOOKS IN OUR PROCESSING CENTER WITH THE HELP OF A LARGE POOL OF VOLUNTEERS (INDIVIDUALS, COMMUNITY SERVICE & CORPORATE GROUPS). EACH BOOK IS REVIEWED FOR QUALITY, SORTED INTO AGE-APPROPRIATE READING LEVELS, "FINGERPRINTED" WITH THE BERNIE'S BOOK BANK STICKER, AND PLACED INTO A DISTRIBUTION-READY BAG OF SIX BOOKS. (3) BERNIE'S BOOK BANK DISTRIBUTES BAGS OF BOOKS TO LARGE POPULATIONS OF UNDER-SERVED CHILDREN PRIMARILY THROUGH IDENTIFIED SCHOOLS (BASED ON FREE AND REDUCED LUNCH PERCENTAGES) AND WIC (WOMEN INFANT CHILDREN) PROGRAMS. EACH CHILD SERVED RECEIVES A MINIMUM OF 12 BOOKS PER YEAR, EVERY YEAR, UNTIL THE CHILD COMPLETES 6TH GRADE; CREATING A CONTINUUM OF DISTRIBUTION FROM BIRTH THROUGH 6TH GRADE.CURRENTLY, BERNIE'S BOOK BANK SERVES MORE THAN 300,000 UNDER SERVED CHICAGOLAND CHILDREN FROM BIRTH THROUGH 6TH GRADE WITH 12 QUALITY BOOKS EVERY YEAR.DURING 2022, BERNIE'S BOOK BANK PROCURED, PROCESSED, AND DISTRIBUTED 2.3 MILLION BOOKS, WHILE WELCOMING BACK VOLUNTEERS ON A FULL-TIME BASIS. THIS RESULTED IN 30,000 VOLUNTEER HOURS AND ALLOWED US TO CELEBRATE DISTRIBUTING OUR 23RD MILLIONTH BOOK SINCE OUR FOUNDING IN 2009!
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Darrin Utynek Chief Executive Officer | Officer | 40 | $178,758 |
Brian Floriani Founder | Officer | 40 | $135,620 |
Veronica Appleton Director | Trustee | 1 | $0 |
Amit Bir Director | Trustee | 1 | $0 |
David Carlson Director | Trustee | 1 | $0 |
Caroline Ceisel Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $909,836 |
| Related organizations | $0 |
| Government grants | $626,239 |
| All other contributions, gifts, grants, and similar amounts not included above | $4,406,584 |
| Noncash contributions included in lines 1a–1f | $2,195,736 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $5,942,659 |
| Total Program Service Revenue | $0 |
| Investment income | $10,939 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $8,100 |
| Net Gain/Loss on Asset Sales | -$819 |
| Net Income from Fundraising Events | -$175,310 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $3,516 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $5,790,172 |
| 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. | $316,236 |
| Compensation of current officers, directors, key employees. | $69,572 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,343,643 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $126,470 |
| Payroll taxes | $122,475 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $58,178 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $28,633 |
| Office expenses | $14,408 |
| Information technology | $93,547 |
| Royalties | $0 |
| Occupancy | $558,533 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $11,221 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $98,959 |
| Insurance | $66,875 |
| All other expenses | $27,636 |
| Total functional expenses | $5,336,476 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,765,063 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $586,039 |
| Accounts receivable, net | $37,500 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $1,554,325 |
| Prepaid expenses and deferred charges | $41,352 |
| Net Land, buildings, and equipment | $354,334 |
| Investments—publicly traded securities | $513,556 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $2,231,007 |
| Total assets | $7,083,176 |
| Accounts payable and accrued expenses | $223,452 |
| 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 | $89,504 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $2,286,573 |
| Total liabilities | $2,599,529 |
| Net assets without donor restrictions | $3,379,052 |
| Net assets with donor restrictions | $1,104,595 |
| 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 | $7,083,176 |