Book Harvest
- Assets
- $2.7m
- Revenue
- $2.2m
- Investments
- $0.0
- Employees
- 22
- Location
- Durham, NC
- Founding
- 08/2011
- Data as of
- 12/2021
- EIN
- 45-2610533
Organization Overview
Book Harvest is located in Durham, NC. The organization was established in 2011. According to its NTEE Classification (B92) the organization is classified as: Remedial Reading & Encouragement, under the broad grouping of Education and related organizations. As of 12/2021, Book Harvest employed 22 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Book Harvest 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, Book Harvest generated $2.2m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 19.3% each year . All expenses for the organization totaled $1.7m during the year ending 12/2021. While expenses have increased by 25.5% 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
BOOK HARVEST PROVIDES BOOKS TO CHILDREN WHO NEED THEM AND ENGAGES FAMILIES AND COMMUNITIES TO PROMOTE CHILDRENS LIFELONG LITERACY AND ACADEMIC SUCCESS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
BOOK BANK PROVIDES FREE AND EASY ACCESS TO BOOKS TO CHILDREN. BOOKS ARE PROVIDED THROUGH COMMUNITY BOOK BOXES IN EIGHT LOCATIONS AROUND THE COMMUNITY AND IN ALL DURHAM ELEMENTARY SCHOOLS IN GRADES PRE-K 5 BEFORE THEY LEAVE SCHOOL FOR THE SUMMER TO HELP THEM SUSTAIN THEIR LEARNING GAINS AND SPARK A LOVE OF READING. IN 2021, 44,085 BOOKS WERE SELECTED BY STUDENTS.
EARLY LITERACY AND PRE-K/K PARTNERS WITH FAMILIES THROUGH THE BOOK BABIES PROGRAM TO NURTURE THEIR CHILDRENS EARLY LANGUAGE AND LITERACY SKILLS. AN EVIDENCE-INFORMED HOME VISITING PARTNERSHIP, BOOK BABIES PROVIDES SUPPORT TO ENROLLED FAMILIES THAT BEGINS WHEN A BABY IS BORN AND IS SUSTAINED OVER FIVE YEARS. BOOK BABIES BUILDS RICH RELATIONSHIPS AND PROVIDES FAMILIES WITH THE INFORMATION AND RESOURCES THEY NEED TO DEVELOP THE FOUNDATION FOR THEIR CHILDRENS SCHOOL READINESS AND SCHOOL SUCCESS. IN 2021, 232 BABIES WERE ENROLLED IN BB, THOSE BABIES AND SIBLINGS RECEIVED A TOTAL OF 5,002 BOOKS AND 587 HOME VISITS WERE MADE BY HOME VISITORS.
LEARNING EVERYWHERE: COMMUNITY AND EVENTS CREATES AND PROMOTES A CULTURE OF LITERACY FOR FAMILIES AND CHILDREN IN COMMUNITY SPACES THEY REGULARLY VISIT. IN 2021, WE GREW OUR PRESENCE IN LAUNDROMATS IN DURHAM, NC, PROVIDING LITERACY RESOURCES IN EIGHT NEIGHBORHOOD LOCATIONS AS WELL AS TWO ANNUAL COMMUNITY EVENTS, DREAM BIG ON MLK DAY AND OUR SUMMER BLOCK PARTY. CHILDREN AND FAMILIES HAD THE OPPORTUNITY TO SELECT AND TAKE HOME AN UNLIMITED NUMBER OF FREE BOOKS FROM BOOKSHELVES DISPLAYED IN COZY READING SPACES IN THE LAUNDROMATS. 5,416 BOOKS WERE PROVIDED.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Virginia M Young Executive Director | Officer | 40 | $106,918 |
Juan Canal Treasurer | OfficerTrustee | 2 | $0 |
Sarah Wood Board Chair | OfficerTrustee | 2 | $0 |
Sandy Heard Secretary | OfficerTrustee | 2 | $0 |
Richard Hunt Vice Chair | OfficerTrustee | 2 | $0 |
Joy Spencer Board Member | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $195,505 |
| All other contributions, gifts, grants, and similar amounts not included above | $2,012,180 |
| Noncash contributions included in lines 1a–1f | $166,152 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,207,685 |
| Total Program Service Revenue | $9,432 |
| Investment income | $6,453 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $457 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,224,285 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $19,420 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $110,000 |
| Compensation of current officers, directors, key employees. | $33,000 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $773,734 |
| Pension plan accruals and contributions | $27,925 |
| Other employee benefits | $6,432 |
| Payroll taxes | $66,843 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $93,956 |
| Advertising and promotion | $0 |
| Office expenses | $28,115 |
| Information technology | $29,573 |
| Royalties | $0 |
| Occupancy | $136,403 |
| Travel | $5,456 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $18,663 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $6,154 |
| All other expenses | $31,336 |
| Total functional expenses | $1,685,314 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $860,277 |
| Savings and temporary cash investments | $749,586 |
| Pledges and grants receivable | $125,000 |
| Accounts receivable, net | $166,494 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $74,070 |
| Prepaid expenses and deferred charges | $4,610 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $691,399 |
| Total assets | $2,671,436 |
| Accounts payable and accrued expenses | $58,858 |
| 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 | $167,547 |
| Other liabilities | $0 |
| Total liabilities | $226,405 |
| Net assets without donor restrictions | $1,611,207 |
| Net assets with donor restrictions | $833,824 |
| 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 | $2,671,436 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Book Harvest has recieved totaling $10,700.
| Awarding Organization | Amount |
|---|---|
Morgan Creek Foundation Chapel Hill, NC PURPOSE: SUPPORT OF THE BOOK BABIES PROGRAM | $10,000 |
Jelly Foundation Carrboro, NC PURPOSE: BOOK HARVEST PROVIDES AN ABUNDANCE OF BOOKS AND ONGOING LITERACY SUPPORT TO FAMILIES AND THEIR CHILDREN FROM BIRTH AND SERVES AS A MODEL FOR COMMUNITIES COMMITTED TO ENSURING THAT CHILDREN ARE LIFELONG READERS AND LEARNERS. | $700 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Dollar General Literacy Foundation Goodlettsville, TN | $59,000,845 | $19,656,631 |
Governors Early Literacy Foundation Nashville, TN | $11,541,764 | $13,046,158 |
Book Harvest Durham, NC | $2,671,436 | $2,224,285 |
Preston Taylor Ministries Nashville, TN | $1,787,100 | $1,982,481 |
The Washington Commanders Charitable Foundation Inc Ashburn, VA | $1,361,978 | $1,048,751 |
Literacy Action Inc Atlanta, GA | $1,276,569 | $1,539,429 |
The Global Village Project Inc Decatur, GA | $2,051,230 | $1,459,701 |
Durham Literacy Center Inc Durham, NC | $1,363,688 | $948,350 |
Care House Of The Pee Dee Inc Florence, SC | $649,541 | $1,102,021 |
Book Em Nashville, TN | $633,279 | $1,103,877 |
Team Up Mentoring Inc Monroe, GA | $139,641 | $683,392 |
Greenville Literacy Association Inc Greenville, SC | $1,469,123 | $843,116 |