The Maryland Book Bank Inc

Organization Overview

The Maryland Book Bank Inc is located in Baltimore, MD. The organization was established in 2015. According to its NTEE Classification (A52) the organization is classified as: Children's Museums, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 12/2021, Maryland Book Bank Inc employed 12 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Maryland Book Bank 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 12/2021, Maryland Book Bank Inc generated $4.9m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 18.6% each year . All expenses for the organization totaled $4.9m during the year ending 12/2021. While expenses have increased by 18.7% 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.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

MBB SEEKS TO BRIDGE THE LITERACY GAP THROUGH INCREASED ACCESS TO QUALITY AGE-APPROPRIATE BOOKS IN HOMES, CLASSROOMS AND COMMUNITY SETTINGS. WE DO SO BY EQUIPPING THOSE WE SERVE WITH THE POWER TO CHOOSE AGE-APPROPRIATE BOOKS TO BUILD THEIR OWN LIBRARIES.

Describe the Organization's Program Activity:

Part 3 - Line 4a

HOME LIBRARY PROGRAM - PROVIDING BOOKS FOR THE HOME LIBRARY OF BALTIMORE ELEMENTARY LOW INCOME STUDENTS. THE PROGRAM SPECIFICALLY TARGETS K - 2ND GRADE STUDENTS AND PROVIDES 10 SELF-SELECTED, AGE APPROPRIATE BOOKS.


BOOK BANK PROGRAM - DISTRIBUTE BOOKS TO FAMILIES, TEACHERS, SCHOOLS AND ORGANIZATION THROUGHOUT MARYLAND.


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Board, Officers & Key Employees

Name (title)Compensation
Name Not Listed
Board Member
$0
Kristin Vint
Board Member
$0
Darian Senn-Carter
Board Member
$0
Deborah Sharpe
Board Member
$0
Tanya Turner
Board Member
$0
Cassandra Sullivan
Board Member
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$2,770
Fundraising events$0
Related organizations$0
Government grants $0
All other contributions, gifts, grants, and similar amounts not included above$5,299,296
Noncash contributions included in lines 1a–1f $5,104,679
Total Revenue from Contributions, Gifts, Grants & Similar$5,302,066
Total Program Service Revenue$0
Investment income $0
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income -$884
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 -$384,121
Miscellaneous Revenue$0
Total Revenue $4,917,061

Grants Recieved

Over the last fiscal year, we have identified 3 grants that The Maryland Book Bank Inc has recieved totaling $52,555.

Awarding OrganizationAmount
Ravens Foundation Inc

Owings Mills, MD

PURPOSE: CHARITABLE CONTRIBUTION

$31,000
American Online Giving Foundation Inc

Newark, DE

PURPOSE: GENERAL SUPPORT

$11,605
Heart Of America Foundation

Washington, DC

PURPOSE: BOOKS, SUPPLIES, PROGRAM MATERIALS

$9,950
View Grant Recipient Profile

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