Westport Book Sale Ventures Inc
- Assets
- $138.5k
- Revenue
- $305.2k
- Investments
- $0.0
- Employees
- 15
- Location
- Westport, CT
- Founding
- 08/2019
- Data as of
- 06/2023
- EIN
- 84-2095392
Organization Overview
Westport Book Sale Ventures Inc, operating under the name Westport Book Shopbooksale, is located in Westport, CT. The organization was established in 2019. According to its NTEE Classification (J12) the organization is classified as: Fund Raising & Fund Distribution, under the broad grouping of Employment and related organizations. As of 06/2023, Westport Book Shopbooksale employed 15 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Westport Book Shopbooksale 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 06/2023, Westport Book Shopbooksale generated $305.2k in total revenue. This represents relatively stable growth, over the past 3 years the organization has increased revenue by an average of 5.8% each year. All expenses for the organization totaled $307.0k during the year ending 06/2023. 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
OUR MISSION IS TO PROVIDE MEANINGFUL COMPETITIVE EMPLOYMENT AND VOLUNTEER OPPORTUNITIES FOR ADULTS WITH DISABILITIES, WHILE RAISING FUNDS FOR THE WESTPORT LIBRARY, THROUGH SALE OF USED BOOKS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE COMPANY OPERATES THE WESTPORT BOOK SHOP, A NON-PROFIT RETAIL USED BOOK SHOP LOCATED IN DOWNTOWN WESTPORT, CT. DURING THE FISCAL YEAR COVERED BY THIS REPORT, THE BOOK SHOP PROVIDED PART-TIME EMPLOYMENT AND WORKPLACE SKILLS TRAINING FOR 11 ADULTS WITH DISABILITIES. IN ADDITION TO SELLING BOOKS THROUGH THE WESTPORT BOOK SHOP, THE COMPANY ALSO SOLD BOOKS ONLINE, AND AT PERIODIC MULTI-DAY BOOK SALE EVENTS. DURING THE FISCAL YEAR, INDIVIDUALS WITH DISABILITIES WORKED AN AGGREGATE OF AROUND 2,400 HOURS OF PAID EMPLOYMENT, MOSTLY AT THE WESTPORT BOOK SHOP, BUT ALSO AT THE COMPANY'S BOOK SALE EVENTS, AND AT THE BOOK DONATION CENTER WHERE BOOK DONATIONS ARE RECEIVED AND PROCESSED. AS A RESULT OF REVENUES RAISED FROM THE SALE OF USED BOOKS, THE COMPANY MADE GRANTS TO THE WESTPORT LIBRARY TOTALING $50,000 IN THE FISCAL YEAR COVERED BY THIS REPORT.
IN LATE CALENDAR YEAR 2020, THE COMPANY BEGAN SELLING USED BOOKS ONLINE USING EBAY. THIS WORK WAS PERFORMED SOLELY BY VOLUNTEERS THROUGHOUT THE PERIOD COVERED BY THIS REPORT. IN LATE CALENDAR YEAR 2022, THE COMPANY DETERMINED TO EXPAND ITS EMPLOYMENT PROGRAM AND PROVIDE EMPLOYEES WITH DISABILITIES EMPLOYMENT AND JOB TRAINING IN ITS EBAY BUSINESS. THE COMPANY APPLIED FOR AND WAS AWARDED A GRANT FROM THE CONNECTICUT DEPARTMENT OF DISABILITY SERVICES TO BE USED TO PURCHASE THE EQUIPMENT AND SUPPLIES NECESSARY TO BEGIN THIS EXPANDED EMPLOYMENT PROGRAM, AND TO MARKET IT. THE COMPANY EXPENDED $13,955 OF THE GRANT FUNDS IN THE FISCAL PERIOD COVERED BY THIS REPORT. THE COMPANY INITIATED A PILOT EMPLOYMENT AND TRAINING PROGRAM IN ITS EBAY BUSINESS FOR ADULTS WITH DISABILITIES IN AUGUST 2023 (AFTER THE END OF THE FISCAL PERIOD COVERED BY THIS REPORT.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jocelyn Barandiaran President | OfficerTrustee | 30 | $0 |
Linda Monteiro-Hopper Vp, Treasurer, And Asst, S | OfficerTrustee | 20 | $0 |
Sharuna Mahesh Vp, Secretary, And Asst. T | OfficerTrustee | 20 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $50,000 |
| All other contributions, gifts, grants, and similar amounts not included above | $19,507 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $69,507 |
| Total Program Service Revenue | $0 |
| 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 | $233,937 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $305,223 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $50,000 |
| 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 | $114,057 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $11,153 |
| 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 | $685 |
| Advertising and promotion | $9,517 |
| Office expenses | $561 |
| Information technology | $14,260 |
| Royalties | $0 |
| Occupancy | $63,158 |
| 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 | $8,560 |
| All other expenses | $2,403 |
| Total functional expenses | $307,048 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $126,262 |
| 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 | $12,230 |
| Total assets | $138,492 |
| 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 | $2,749 |
| Total liabilities | $2,749 |
| Net assets without donor restrictions | $0 |
| 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 | $135,743 |
| Total liabilities and net assets/fund balances | $138,492 |
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