Book Harvest
- Assets
- $7.1m
- Revenue
- $5.0m
- Investments
- $0.0
- Employees
- 42
- Location
- Durham, NC
- Founding
- 08/2011
- Data as of
- 12/2023
- 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 12/2023, Book Harvest employed 42 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 12/2023, Book Harvest generated $5.0m in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 24.3% each year . All expenses for the organization totaled $3.7m during the year ending 12/2023. While expenses have increased by 20.0% per year over the past 5 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
2023
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 CHILDREN'S LIFELONG LITERACY AND ACADEMIC SUCCESS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
EARLY LITERACY PROGRAMS - EARLY LITERACY AND PRE-K/K PARTNERS WITH FAMILIES THROUGH THE BOOK BABIES PROGRAM TO NURTURE THEIR CHILDREN'S 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 CHILDREN'S SCHOOL READINESS AND SCHOOL SUCCESS. IN 2023, 280 FAMILIES WITH BABIES AND YOUNG CHILDREN WERE ENROLLED IN BOOK BABIES. ENROLLED FAMILIES RECEIVED A TOTAL OF 7,103 BOOKS; A TOTAL OF 542 LITERACY COACHING HOME VISITS WERE MADE TO THESE FAMILIES BY BOOK BABIES LITERACY COACHES ON BOOK HARVEST STAFF.
SCHOOL ENGAGEMENT - BOOKS ON BREAK, ONE OF BOOK HARVEST'S SCHOOL ENGAGEMENT PROGRAMS, PROVIDED 33 PUBLIC ELEMENTARY SCHOOLS IN DURHAM, ORANGE, BLADEN AND COLUMBUS COUNTIES, AND 2 PRE-K PROGRAMS IN GUILFORD COUNTY WITH BOOKS TO SEND HOME WITH STUDENTS BEFORE SUMMER TO HELP THEM SUSTAIN THEIR LEARNING GAINS AND SPARK A LOVE OF READING. IN SUM, 14,208 STUDENTS SELECTED 70,389 BOOKS.
BOOK ABUNDANCE - BOOK HARVEST'S BOOK ABUNDANCE PORTFOLIO INCLUDES ITS BOOK OWNERSHIP AND COMMUNITY WIDE LITERACY PROGRAMS. THIS WORK STRIVES TO CREATE A CULTURE OF LITERACY BY ENSURING THAT THERE ARE AN ABUNDANCE OF EQUITABLE OPPORTUNITIES FOR CHILDREN TO HARVEST FREE,CULTURALLY INCLUSIVE BOOKS WHEREVER FAMILIES GO, HELPING THEM BUILD HOME LIBRARIES AND A ROBUST HOME LITERACY ENVIRONMENT. BOOKS ARE PROVIDED THROUGHOUT THE COMMUNITY WITH 37 BOOK BOXES, 7 LAUNDROMATS, AND 16 COMMUNITY BOOKSHELVES. BOOK HARVEST'S FAMILY SPACE IS OPEN TO THE PUBLIC FOR STORYTIMES AND FREE BOOKS. THE ORGANIZATION ALSO HOSTS TWO LARGE-SCALE COMMUNITY EVENTS ANNUALLY: DREAM BIG ON MLK DAY AND THE SUMMER BLOCK PARTY. IN 2023, 158,273 BOOKS WERE PROVIDED TO THE COMMUNITY THROUGH THESE EFFORTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Sarah Wood Chair | OfficerTrustee | 2 | $0 |
Anna Reilly Vice Chair | OfficerTrustee | 2 | $0 |
Mike Giarla Treasurer | OfficerTrustee | 2 | $0 |
Iheoma Iruka Director | Trustee | 2 | $0 |
Rick Hunt 11 - 530 Director | Trustee | 2 | $0 |
George Biddle Director | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $880,294 |
| All other contributions, gifts, grants, and similar amounts not included above | $4,078,506 |
| Noncash contributions included in lines 1a–1f | $24,048 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $4,958,800 |
| Total Program Service Revenue | $6,503 |
| Investment income | $48,487 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $16,462 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $5,030,252 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $29,938 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $266,621 |
| Compensation of current officers, directors, key employees. | $52,754 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,603,790 |
| Pension plan accruals and contributions | $39,837 |
| Other employee benefits | $170,127 |
| Payroll taxes | $139,711 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $13,169 |
| Fees for services: Lobbying | $31,265 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $253,973 |
| Advertising and promotion | $69,053 |
| Office expenses | $37,157 |
| Information technology | $99,469 |
| Royalties | $0 |
| Occupancy | $158,683 |
| Travel | $36,019 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $16,829 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $16,149 |
| Insurance | $24,290 |
| All other expenses | $0 |
| Total functional expenses | $3,656,440 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,045,110 |
| Savings and temporary cash investments | $1,104,916 |
| Pledges and grants receivable | $1,194,924 |
| Accounts receivable, net | $38,462 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $483,411 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $92,412 |
| Investments—publicly traded securities | $808,229 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,377,582 |
| Total assets | $7,145,046 |
| Accounts payable and accrued expenses | $215,988 |
| 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 | $1,337,630 |
| Total liabilities | $1,553,618 |
| Net assets without donor restrictions | $4,320,868 |
| Net assets with donor restrictions | $1,270,560 |
| 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 | $7,145,046 |