The Maryland Book Bank Inc
- Assets
- $907.7k
- Revenue
- $4.9m
- Investments
- $0.0
- Employees
- 12
- Location
- Baltimore, MD
- Founding
- 02/2015
- Data as of
- 12/2021
- 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 12/2021, Maryland Book Bank Inc employed 12 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 12/2021, Maryland Book Bank Inc generated $4.9m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 18.6% each year . All expenses for the organization totaled $4.9m during the year ending 12/2021. While expenses have increased by 18.7% per year over the past 6 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
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 |
|---|---|---|---|
Name Not Listed Board Member | Trustee | 1.15 | $0 |
Kristin Vint Board Member | Trustee | 0.25 | $0 |
Darian Senn-Carter Board Member | Trustee | 0.25 | $0 |
Deborah Sharpe Board Member | Trustee | 0.25 | $0 |
Tanya Turner Board Member | Trustee | 0.25 | $0 |
Cassandra Sullivan Board Member | Trustee | 0.25 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $2,770 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $5,299,296 |
| Noncash contributions included in lines 1a–1f | $5,104,679 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $5,302,066 |
| Total Program Service Revenue | $0 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | -$884 |
| 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 | -$384,121 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $4,917,061 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $4,408,300 |
| 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. | $86,000 |
| Compensation of current officers, directors, key employees. | $30,960 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $118,039 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $15,590 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $16,073 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $19,576 |
| Office expenses | $7,677 |
| Information technology | $5,017 |
| Royalties | $0 |
| Occupancy | $59,551 |
| 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 | $55,763 |
| Insurance | $26,079 |
| All other expenses | $58,035 |
| Total functional expenses | $4,900,866 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $50,800 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $44,396 |
| Accounts receivable, net | $12,729 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $685,162 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $111,411 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $3,187 |
| Total assets | $907,685 |
| Accounts payable and accrued expenses | $8,587 |
| Grants payable | $0 |
| Deferred revenue | $2,430 |
| 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 | $12,217 |
| Net assets without donor restrictions | $834,457 |
| 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 | $907,685 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that The Maryland Book Bank Inc has recieved totaling $52,555.
| Awarding Organization | Amount |
|---|---|
Ravens Foundation Inc Owings Mills, MD PURPOSE: CHARITABLE CONTRIBUTION | $31,000 |
American Online Giving Foundation Inc Newark, DE PURPOSE: GENERAL SUPPORT | $11,605 |
Heart Of America Foundation Washington, DC PURPOSE: BOOKS, SUPPLIES, PROGRAM MATERIALS | $9,950 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Childrens Museum Of Pittsburgh Pittsburgh, PA | $36,701,530 | $10,739,770 |
Please Touch Museum Philadelphia, PA | $36,070,545 | $4,528,384 |
The Maryland Book Bank Inc Baltimore, MD | $907,685 | $4,917,061 |
Baltimore Childrens Museum Inc Baltimore, MD | $20,197,093 | $5,154,726 |
The Da Vinci Discovery Center Of Science And Technology Allentown, PA | $21,750,909 | $13,640,164 |
Northern Virginia Science Center Foundation Fairfax, VA | $12,837,527 | $5,104,096 |
Childrens Museum Of Richmond Richmond, VA | $8,094,641 | $4,347,352 |
Moco Kidsco Bethesda, MD | $1,515,612 | $3,185,373 |
Association Of Childrens Museums Inc Arlington, VA | $3,950,433 | $4,135,274 |
Amazement Square Lynchburg, VA | $7,800,718 | $1,033,755 |
The Delaware Childrens Museum Inc Wilmington, DE | $1,401,400 | $1,050,935 |
Discovery Space Of Centralpennsylvania Inc State College, PA | $1,346,591 | $1,008,999 |