The Maryland Book Bank Inc
- Assets
- $370.1k
- Revenue
- $4.0m
- Investments
- $0.0
- Employees
- 11
- Location
- Baltimore, MD
- Founding
- 02/2015
- Data as of
- 12/2022
- EIN
- 46-2714742
Organization Overview
The Maryland Book Bank Inc is located in Baltimore, MD. The organization was established in 2015. According to its NTEE Classification (A52) the organization is classified as: Children's Museums, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 12/2022, Maryland Book Bank Inc employed 11 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Maryland Book Bank 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, Maryland Book Bank Inc generated $4.0m in total revenue. This represents relatively stable growth, over the past 5 years the organization has increased revenue by an average of 7.1% each year. All expenses for the organization totaled $4.6m during the year ending 12/2022. While expenses have increased by 10.2% 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
MBB SEEKS TO BRIDGE THE LITERACY GAP THROUGH INCREASED ACCESS TO QUALITY AGE-APPROPRIATE BOOKS IN HOMES, CLASSROOMS AND COMMUNITY SETTINGS. WE DO SO BY EQUIPPING THOSE WE SERVE WITH THE POWER TO CHOOSE AGE-APPROPRIATE BOOKS TO BUILD THEIR OWN LIBRARIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
HOME LIBRARY PROGRAM - PROVIDING BOOKS FOR THE HOME LIBRARY OF BALTIMORE ELEMENTARY LOW INCOME STUDENTS. THE PROGRAM SPECIFICALLY TARGETS K - 2ND GRADE STUDENTS AND PROVIDES 10 SELF-SELECTED, AGE APPROPRIATE BOOKS.
BOOK BANK PROGRAM - DISTRIBUTE BOOKS TO FAMILIES, TEACHERS, SCHOOLS AND ORGANIZATION THROUGHOUT MARYLAND.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mark Feiring Executive Director | Officer | 40 | $0 |
Patrick Buckler Board Member | Trustee | 0.25 | $0 |
Christopher Sperl Board Member | Trustee | 0.25 | $0 |
Kristin N Dodson Board Member | Trustee | 0.25 | $0 |
Doug Woodward CFP Board Member | Trustee | 0.25 | $0 |
Sarah Hackney CPA Treasurer, Finance Chair | Trustee | 2.3 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $190 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $5,336,574 |
| Noncash contributions included in lines 1a–1f | $5,046,678 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $5,336,764 |
| Total Program Service Revenue | $0 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $10,462 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | -$1,317,623 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $4,029,603 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $4,057,600 |
| 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. | $80,000 |
| Compensation of current officers, directors, key employees. | $28,800 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $140,419 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $18,261 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $20,386 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $17,151 |
| Office expenses | $7,789 |
| Information technology | $918 |
| Royalties | $0 |
| Occupancy | $86,141 |
| Travel | $0 |
| 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 | $4,585 |
| Insurance | $23,428 |
| All other expenses | $82,961 |
| Total functional expenses | $4,564,472 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $76,436 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $1,300 |
| Accounts receivable, net | $9,061 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $172,236 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $107,885 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $3,187 |
| Total assets | $370,105 |
| Accounts payable and accrued expenses | $8,306 |
| 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 | $1,200 |
| Total liabilities | $9,506 |
| Net assets without donor restrictions | $299,588 |
| Net assets with donor restrictions | $61,011 |
| 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 | $370,105 |