Cleveland Kids Book Bank
- Assets
- $1.1m
- Revenue
- $625.8k
- Investments
- $0.0
- Employees
- 12
- Location
- Cleveland, OH
- Founding
- 11/2015
- Data as of
- 12/2023
- EIN
- 47-5553602
Organization Overview
Cleveland Kids Book Bank is located in Cleveland, OH. The organization was established in 2015. 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, Cleveland Kids Book Bank employed 12 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Cleveland Kids Book Bank 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, Cleveland Kids Book Bank generated $625.8k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (8.0%) each year. All expenses for the organization totaled $841.3k during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (0.7%) per year over the past 7 years. 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
THE MISSION OF THE CLEVELAND KIDS' BOOK BANK IS TO FOSTER LITERACY AND A LOVE OF READING BY DISTRIBUTING FREE BOOKS TO CHILDREN THROUGH COLLABORATION WITH COMMUNITY PARTNERS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
DISTRIBUTE DONATED BOOKS TO CHILDREN AND FAMILIES IN NEED THROUGHOUT GREATER CLEVELAND THROUGH CITY AND COUNTY AGENCIES, NONPROFIT ORGANIZATIONS, SCHOOLS AND LITTLE FREE LIBRARIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Judith Kovach Chair | OfficerTrustee | 15 | $0 |
Amanda Schaub Treasurer | OfficerTrustee | 2 | $0 |
Annette Fetter Trustee | Trustee | 1 | $0 |
Kristen Saada Trustee | Trustee | 1 | $0 |
Deena Epstein Secretary | Officer | 1 | $0 |
Ellen Mattingly Trustee | Trustee | 1 | $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 | $558,199 |
| Noncash contributions included in lines 1a–1f | $54,161 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $558,199 |
| Total Program Service Revenue | $0 |
| Investment income | $3,733 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $62,607 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $625,825 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $406,319 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $36,094 |
| Payroll taxes | $31,467 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $9,670 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $8,418 |
| Fees for services: Other | $271 |
| Advertising and promotion | $6,436 |
| Office expenses | $20,786 |
| Information technology | $6,570 |
| Royalties | $0 |
| Occupancy | $35,075 |
| Travel | $358 |
| 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 | $4,517 |
| Insurance | $4,669 |
| All other expenses | $9,732 |
| Total functional expenses | $841,331 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $140,583 |
| Savings and temporary cash investments | $89,882 |
| Pledges and grants receivable | $60,000 |
| 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 | $10,916 |
| Investments—publicly traded securities | $793,742 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $29,749 |
| Total assets | $1,124,872 |
| Accounts payable and accrued expenses | $38,999 |
| Grants payable | $0 |
| Deferred revenue | $85,000 |
| 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 | $0 |
| Total liabilities | $123,999 |
| Net assets without donor restrictions | $1,000,873 |
| 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 | $1,124,872 |