Believe In Books Literacy Foundation
- Assets
- $2.8m
- Revenue
- $849.9k
- Investments
- $0.0
- Employees
- 12
- Location
- Intervale, NH
- Founding
- 04/2001
- Data as of
- 08/2021
- EIN
- 02-0513225
Organization Overview
Believe In Books Literacy Foundation is located in Intervale, NH. The organization was established in 2001. According to its NTEE Classification (B90) the organization is classified as: Educational Services, under the broad grouping of Education and related organizations. As of 08/2021, Believe In Books Literacy Foundation employed 12 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Believe In Books Literacy Foundation 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 08/2021, Believe In Books Literacy Foundation generated $849.9k in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 13.0% each year . All expenses for the organization totaled $515.5k during the year ending 08/2021. While expenses have increased by 4.2% 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.
Form
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
PROMOTION AND PROVISION OF LITERACY PROGRAMS.
Describe the Organization's Program Activity:
THE ORGANIZATION PROVIDES BOOKS THROUGH ITS BOOKBAG PROGRAM TO LOCAL ELEMENTARY AND PRE-SCHOOLS ALONG WITH OTHER READING RELATED PROGRAMS, SUCH AS ITS "BOOKS IN CHARACTERS" OUTREACH PROGRAM AND "BOOKS FROM BIRTH" PROGRAM TO ENCOURAGE READING FROM EARLY CHILDHOOD THROUGH SCHOOL AND ADULTHOOD. ALSO, THE FOUNDATION FURTHERS ITS EXEMPT PURPOSE THROUGH ITS ANNUAL JOURNEY TO THE NORTH POLE EVENT. THIS EVENT STRIVES TO ENHANCE THE QUALITY OF LIFE AND DEVELOP THE IMAGINATION OF CHILDREN THROUGH THE ENACTMENT OF A CHILDREN'S CHRISTMAS BOOK. WHILE BRINGING TO LIFE THE POPULAR STORY, THE EVENT HELPS DEVELOP THE IMAGINATION OF THE PARTICIPANTS WHILE FOSTERING AN EXCITEMENT FOR READING.
THE ORGANIZATION ISSUES GRANTS TO LOCAL ORGANIZATIONS THAT PROMOTE CHILDREN READING AND LITERACY PROGRAMS SO THAT THEIR GOAL OF REACHING AS MANY LOCAL CHILDREN AS POSSIBLE IS ACHEIVED. IN ADDITION THE ORGANIZATION ALSO PROVIDES COLLEGE SCHOLARSHIP MONIES FOR LOCAL STUDENTS INVOLVED IN LITERACY PROGRAMS.
THE ORGANIZATION PUTS ON COMMUNITY THEATER EVENTS THROUGHOUT THE YEAR TO PROMOTE THE ARTS AND PROVIDE LITERACY RELATED PROGRAMS FOR SCHOOL-AGE CHILDREN AS WELL AS PROVIDE A SET FOR THEIR ANNUAL "JOURNEY TO THE NORTH POLE" ENACTMENT. THE ORGANIZATION'S PROPERTY ALSO INCLUDES A PUBLIC HIKING TRAIL, AN EDUCATIONAL "STORYWALK" TRAIL, AS WELL AS AN EDUCATIONAL MAPLE SUGARING HOUSE WHERE CHILDRENS' GROUPS AND ADULTS CAN LEARN ABOUT THE HISTORY AND PROCESS OF MAPLE SUGARING IN NEW HAMPSHIRE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ao Lucy Pres. / Exec. Director | Officer | 40 | $89,778 |
Ken Lydecker Treasurer | OfficerTrustee | 1 | $0 |
Dana Belcher Chair | OfficerTrustee | 1 | $0 |
Charles Henderson Director | Trustee | 1 | $0 |
Jayme Connelly Director | Trustee | 1 | $0 |
Maureen Chamberlain Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $16,173 |
| Fundraising events | $3,458 |
| Related organizations | $0 |
| Government grants | $657,892 |
| All other contributions, gifts, grants, and similar amounts not included above | $68,077 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $745,600 |
| Total Program Service Revenue | $41,530 |
| Investment income | $71 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | -$539 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $52,289 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $10,941 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $849,892 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $1,912 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $89,778 |
| Compensation of current officers, directors, key employees. | $53,868 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $163,129 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $14,587 |
| Payroll taxes | $20,760 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $352 |
| Fees for services: Accounting | $4,380 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $23,151 |
| Office expenses | $15,850 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $223 |
| Interest | $4,842 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $7,683 |
| Insurance | $19,850 |
| All other expenses | $13,775 |
| Total functional expenses | $515,471 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $37,539 |
| Savings and temporary cash investments | $256,005 |
| 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 | $15,940 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $2,448,981 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $3,602 |
| Total assets | $2,762,067 |
| 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 | $97,343 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $97,343 |
| 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 | $2,664,724 |
| Total liabilities and net assets/fund balances | $2,762,067 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Believe In Books Literacy Foundation has recieved totaling $44,784.
| Awarding Organization | Amount |
|---|---|
Reading Is Fundamental Inc Washington, DC PURPOSE: TO FOSTER LITERACY | $34,784 |
New Hampshire Charitable Foundation Concord, NH PURPOSE: For new books | $10,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
The Achievement Network Ltd Boston, MA | $23,559,572 | $30,118,976 |
Saga Innovations Framingham, MA | $30,229,601 | $39,236,690 |
Teach Plus Incorporated Boston, MA | $12,001,505 | $12,042,496 |
Education Resource Strategies Inc Watertown, MA | $16,861,900 | $10,099,352 |
Entrepreneurial Ventures In Education Quincy, MA | $4,865,485 | $11,072,937 |
Icivics Inc Cambridge, MA | $22,668,891 | $21,117,538 |
Citizen Schools Inc Boston, MA | $5,221,320 | $8,840,523 |
Online Learning Consortium Inc Boston, MA | $2,598,317 | $5,536,554 |
The Conversation Us Inc Waltham, MA | $3,433,236 | $3,991,773 |
The Woodstock Foundation Inc Woodstock, VT | $102,905,276 | $4,508,256 |
Killington Mountain School Inc Killington, VT | $7,902,263 | $5,962,665 |
Massachusetts Health Quality Partners Inc Brighton, MA | $2,297,069 | $4,516,909 |