Red Bookshelf Inc
- Assets
- $49.9k
- Revenue
- $279.3k
- Investments
- $0.0
- Employees
- 9
- Location
- Albany, NY
- Founding
- 08/2016
- Data as of
- 12/2022
- EIN
- 81-1450799
Organization Overview
Red Bookshelf Inc is located in Albany, NY. The organization was established in 2016. 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 12/2022, Red Bookshelf Inc employed 9 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Red Bookshelf 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, Red Bookshelf Inc generated $279.3k in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 29.5% each year . All expenses for the organization totaled $264.9k during the year ending 12/2022. While expenses have increased by 30.3% 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
KIDS CHOOSE FREE RECONDITIONED BOOKS FROM RED BOOKSHELVES FOR OWNERSHIP & IMPROVED LITERACY. THE ORGANIZATION ALSO RUNS NUMEROUS LITERACY PROGRAMS AND MANY OUTREACH EVENTS TO REACH LOCAL YOUTH.
Describe the Organization's Program Activity:
Part 3 - Line 4a
OVER 10,000 CHILDREN CHOSE MORE THAN 54,900 FREE HIGH-QUALITY RECONDITIONED BOOKS FROM OUR RED BOOKSHELVES OR AT ONE OF MANY COMMUNITY EVENTS AND SCHOOL PROGRAMS. THE CHILDREN KEEP THE BOOKS TO BUILD HOME LIBRARIES & INCREASE LITERACY. IN ORDER TO PROVIDE THE FREE BOOKS, WE RECEIVED 7,658 HOURS OF COMMUNITY SERVICE TO 1,163 VOLUNTEERS WHO MEND BOOKS FOR CHILDREN.
THE ORGANIZATION CONDUCTED MANY READING AND LITERACY PROGRAMS FOR CHILDREN, AS WELL AS AUTHOR AND CAREER WORKSHOPS TO EDUCATE CHILDREN ABOUT THEIR FUTURE JOB POSSIBILITES. THESE WERE HELD AT SCHOOLS AND COMMUNITY CENTERS.THERE WERE ALSO PURCHASES OF ROUGHLY 7,700 NEW, DIVERSE BOOKS WHICH WERE UTILIZED FOR OUR LITERACY PROGRAMMING EVENTS AND TO CREATE A MORE COMPELLING SELECTION OF BOOKS ON OUR FREE RED BOOKSHELVES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Deborah Nazon Board Member | Trustee | 5 | $0 |
Kateri Brown Trippany Board Member | Trustee | 5 | $0 |
Douglas Ebersman President | Officer | 10 | $0 |
Susan Pedo Vice President | Officer | 5 | $0 |
Deborah Zlotnick Treasurer | Officer | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $14,182 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $7,367 |
| All other contributions, gifts, grants, and similar amounts not included above | $127,823 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $149,372 |
| Total Program Service Revenue | $129,878 |
| Investment income | $48 |
| 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 | $279,298 |
| 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 | $173,806 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $15,876 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $15,529 |
| Advertising and promotion | $1,510 |
| Office expenses | $4,423 |
| Information technology | $3,584 |
| Royalties | $0 |
| Occupancy | $8,815 |
| 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 | $0 |
| Insurance | $6,681 |
| All other expenses | $324 |
| Total functional expenses | $264,866 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $49,875 |
| 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 | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $49,875 |
| 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 | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $49,875 |
| 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 | $49,875 |