Bookworm Box Llc
- Assets
- $1.1m
- Revenue
- $3.1m
- Investments
- $0.0
- Employees
- 6
- Location
- Sulphur Springs, TX
- Founding
- 09/2017
- Data as of
- 12/2022
- EIN
- 47-3144482
Organization Overview
Bookworm Box Llc is located in Sulphur Springs, TX. The organization was established in 2017. According to its NTEE Classification (T12) the organization is classified as: Fund Raising & Fund Distribution, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. As of 12/2022, Bookworm Box Llc employed 6 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Bookworm Box Llc 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, Bookworm Box Llc generated $3.1m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 15.4% each year . All expenses for the organization totaled $2.5m during the year ending 12/2022. While expenses have increased by 11.9% 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.
Since 2017, Bookworm Box Llc has awarded 24 individual grants totaling $372,156. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
BOOKWORM BOX'S CHARITABLE AND EDUCATIONAL MISSION IS TO SUPPORT CHARITABLE ORGANIZATIONS THROUGH THE PROMOTION AND LOVE OF READING THROUGH FOUR MAIN ACTIVITIES: (I) PROMOTING THE LOVE OF READING THROUGH BOOK BONANZA, (II) CREATING EXPOSURE OF NEW AND DIVERSE AUTHORS THROUGH A SUBSCRIPTION BOX, (III) PROVIDING A SALES OUTLET FOR LITTLE KNOWN AUTHORS IN A BOOKSTORE AND ONLINE THROUGH EXCLUSIVE PRINTS OF AUTOGRAPHED BOOKS, AND (IV) CHARITABLE GRANTS OF ALL NET PROCEEDS TO OTHER SECTION 501(C)(3) PUBLIC CHARITIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
A MONTHLY SUBSCRIPTION BOX SERVICE WITH AUTOGRAPHED BOOKS AND A PHYSICAL BOOKSTORE THAT SELLS AUTOGRAPHED BOOKS AND BOOK RELATED ITEMS. ALL PROFITS ARE DONATED TO 501C3 PUBLIC CHARITIES. EACH SUBSCRIPTION BOX CONTAINS AUTOGRAPHED NOVELS FROM NEW AND DIVERSE AUTHORS TO PROVIDE A PLATFORM FOR UNKNOWN, SELF-PUBLISHED AUTHORS. MORE THAN 90% OF THE BOOKS ARE NOT SOLD ELSEWHERE. THE BOOKSTORE IS IN SULPHUR SPRINGS, TEXAS. OVER 75% OF THE BOOKS SOLD IN THE BOOKSTORE WERE DONATED BY THE AUTHORS AND INCLUDE OVERFLOW PRINTS FROM THE SUBSCRIPTION BOXES. THE BOOKS SOLD ARE AUTOGRAPHED AND SOME HAVE EXCLUSIVE COVER ART. THE OVERWHELMING MAJORITY OF THE BOOKS SOLD IN THE BOOKSTORE ARE NOT AVAILABLE IN A TRADITIONAL BOOKSTORE. THE BOOKS IN THE BOOKSTORE ARE ALSO AVAILABLE ON THE BOOKSTORE'S WEBSITE.
BOOK BONANZA IS ONE OF THE LARGEST CELEBRATIONS OF LITERATURE IN THE COUNTRY. BOOK BONANZA BRINGS TOGETHER 2,500 PARTICIPANTS TO MEET NEW, DIVERSE AND UNKNOWN AUTHORS. ATTENDEES PARTICIPATE IN CLOSE TO FIFTY PANEL DISCUSSIONS ON TOPICS ABOUT LITERATURE AND WRITING, WITH SIGNIFICANT INTERACTION BETWEEN READERS AND ASPIRING AUTHORS ABOUT LITERATURE.
CHARITABLE GRANTS TO SECTION 501(C)(3) PUBLIC CHARITIES THAT ADDRESS POVERTY, LIKE FOOD BANKS AND WOMEN AND CHILDREN INITIATIVES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Murphy Fennell Executive Dir. | OfficerTrustee | 40 | $65,693 |
Holly Dean Director | Trustee | 0 | $0 |
Cindy Lancaster Director | Trustee | 0 | $0 |
Stephanie Cohen Secretary | OfficerTrustee | 0 | $0 |
Christy Brice Treasurer | OfficerTrustee | 0 | $0 |
Joy Nichols Director | Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $26,033 |
| Noncash contributions included in lines 1a–1f | $6,062 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $26,033 |
| Total Program Service Revenue | $3,097,421 |
| Investment income | $1,250 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| 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 | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,124,704 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $348,635 |
| 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. | $65,693 |
| Compensation of current officers, directors, key employees. | $39,416 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $108,797 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $13,860 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $10,104 |
| Fees for services: Accounting | $8,775 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $1,083 |
| Office expenses | $25,911 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $24,000 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $10 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $3,615 |
| Insurance | $0 |
| All other expenses | $84,190 |
| Total functional expenses | $2,511,998 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $628,515 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $16,949 |
| Investments—publicly traded securities | $470,007 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,115,471 |
| Accounts payable and accrued expenses | $0 |
| 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 | $51,054 |
| Total liabilities | $51,054 |
| Net assets without donor restrictions | $1,064,417 |
| Net assets with donor restrictions | $0 |
| 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 | $1,115,471 |
Grants Awarded
Over the last fiscal year, Bookworm Box Llc has awarded $184,635 in support to 11 organizations.
| Grant Recipient | Amount |
|---|---|
ACTION FOR AUTISM PURPOSE: GENERAL SUPPORT | $20,000 |
EAST TEXAS FOOD BANK PURPOSE: GENERAL SUPPORT | $7,500 |
FOODBANK OF NW LOUISIANA PURPOSE: GENERAL SUPPORT | $5,010 |
KULTURE CITY PURPOSE: GENERAL SUPPORT | $10,250 |
LITERACY FOR INCARCERATED TEE PURPOSE: GENERAL SUPPORT | $30,000 |
CHILDRENS LITERACY INITIATIVE PURPOSE: GENERAL SUPPORT | $30,000 |