Bookspring
- Assets
- $3.3m
- Revenue
- $2.2m
- Investments
- $0.0
- Employees
- 21
- Location
- Austin, TX
- Founding
- 10/1989
- Data as of
- 06/2022
- EIN
- 74-2542664
Organization Overview
Bookspring is located in Austin, TX. The organization was established in 1989. 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 06/2022, Bookspring employed 21 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Bookspring 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 06/2022, Bookspring generated $2.2m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 14.0% each year . All expenses for the organization totaled $1.4m during the year ending 06/2022. While expenses have increased by 7.8% per year over the past 7 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
GROWING UP WITH BOOKS IN THE HOME IMPROVES EDUCATIONAL OUTCOMES IN LATER LIFE SIGNIFICANTLY. WORKING COLLABORATIVELY WITH OVER 200 PARTNERS IN CENTRAL TEXAS, BOOKSPRING AIMS TO ENSURE THAT 70% OF HOMES WITH CHILDREN 12 AND UNDER REPORT HAVING AT LEAST 20 BOOKS AT HOME.
Describe the Organization's Program Activity:
Part 3 - Line 4a
BOOKSPRING GO PARTNERS WITH COMMUNITY BASED ORGANIZATIONS TO PLACE 129,971 DONATED CHILDREN'S BOOKS INTO THE HANDS OF CHILDREN UNDER 12 IN THE COMMUNITY. BOOKS ARE CAREFULLY SELECTED AND DISTRIBUTED TO CHILDREN IN PARENTING PROGRAMS, OUTREACH EVENTS, CHILDREN'S SHELTERS, FAITH BASED ORGANIZATIONS, AND LIBRARIES IN ECONOMICALLY DISADVANTAGED AREAS.
BOOKSPRING ED PARTNERS WITH EARLY CHILDHOOD AND ELEMENTARY EDUCATION PROVIDERS TO OFFER PROGRAMS THAT MOTIVATE AND IMPROVE READING OUTCOMES BASED ON STANDARDIZED TESTS. THROUGHOUT THE SCHOOL YEAR, CHILDCARE CENTERS AND SCHOOLS ARE PROVIDED VOLUNTEERS, INSTRUCTIONAL MATERIALS, INCLUDING 34,102 BOOKS, AND TECHNICAL SUPPORT TO REACH CHILDREN IN NEED.
BOOKSPRING RX PARTNERS WITH LOW-INCOME HEALTHCARE SYSTEMS TO PROVIDE PEDIATRIC LITERACY INTERVENTIONS AND SCHOOL READINESS BY PROVIDING 15,831 BOOKS AND MATERIALS TO PROVIDERS TO DISTRIBUTE TO CHILDREN AND ADVICE TO PARENTS AND CAREGIVERS ABOUT THE IMPORTANCE OF READING ALOUD FROM BIRTH THROUGHOUT EARLY CHILDHOOD.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Emily Cicchini Executive Director | Officer | 40 | $91,779 |
Caroline Sellars Finance Director | Officer | 40 | $38,610 |
Rise Candelaria Secretary | OfficerTrustee | 6.5 | $0 |
Madison Jechow President | OfficerTrustee | 6.5 | $0 |
Charlie Holleman Treasurer | OfficerTrustee | 6.5 | $0 |
Lindsey Stuart President Elect | OfficerTrustee | 6.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $73,500 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,810,823 |
| Noncash contributions included in lines 1a–1f | $445,610 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,884,323 |
| Total Program Service Revenue | $303,917 |
| Investment income | $0 |
| 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 | $2,191,070 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $559,967 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $184,163 |
| Compensation of current officers, directors, key employees. | $39,547 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $287,593 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $91,722 |
| Payroll taxes | $45,155 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $23,507 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $19,300 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $35,457 |
| Advertising and promotion | $0 |
| Office expenses | $64,240 |
| Information technology | $10,702 |
| Royalties | $0 |
| Occupancy | $30,641 |
| Travel | $5,946 |
| 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 | $9,850 |
| Insurance | $6,886 |
| All other expenses | $0 |
| Total functional expenses | $1,375,129 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $658,793 |
| Savings and temporary cash investments | $13 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $456,452 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $148,209 |
| Prepaid expenses and deferred charges | $135,961 |
| Net Land, buildings, and equipment | $1,908,105 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $3,307,533 |
| Accounts payable and accrued expenses | $41,676 |
| 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 | $1,520,000 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $1,561,676 |
| Net assets without donor restrictions | $1,462,120 |
| Net assets with donor restrictions | $283,737 |
| 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 | $3,307,533 |
Grants Recieved
Over the last fiscal year, we have identified 13 grants that Bookspring has recieved totaling $702,663.
| Awarding Organization | Amount |
|---|---|
Andrew Delaney Foundation Austin, TX PURPOSE: FOR CAPITAL CAMPAIGN TO PURCHASE LAND AND NEW BUILDING | $500,000 |
Andrew Delaney Foundation Austin, TX PURPOSE: BOOK DISTRIBUTION PROGRAMS - MISSION PROGRAMS | $45,000 |
St Davids Foundation Austin, TX PURPOSE: HEALTH ACCESS GRANT | $40,000 |
The Onestar Foundation Austin, TX PURPOSE: AMERICORPS SUB-GRANT | $28,468 |
The Powell Foundation Houston, TX PURPOSE: EDUCATION - SCHOOL-BASED LITERACY INITIATIVE | $25,000 |
Reading Is Fundamental Inc Washington, DC PURPOSE: TO FOSTER LITERACY | $15,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Communities In Schools Of El Paso Inc El Paso, TX | $2,674,803 | $5,342,114 |
Small Steps Nurturing Center Houston, TX | $10,410,748 | $6,522,769 |
Bookspring Austin, TX | $3,307,533 | $2,191,070 |
Austin Explore Inc Austin, TX | $2,025,825 | $1,630,361 |
Catch Up & Read Inc Dallas, TX | $1,980,832 | $917,650 |
Smart Start Central Oklahoma Inc Oklahoma City, OK | $1,312,516 | $1,054,771 |
Literacy Council Of Southwest Louisiana Inc Lake Charles, LA | $245,946 | $785,766 |
Tackle Tomorrow Llc Dallas, TX | $245,428 | $769,944 |
Literacy San Antonio Inc San Antonio, TX | $550,781 | $543,394 |
Rootedgood Kerrville, TX | $704,669 | $179,375 |
Literacy Council Of Williamson County Georgetown, TX | $25,258 | $290,028 |
Adult Learning Alliance Inc Little Rock, AR | $466,955 | $413,741 |