We Need Diverse Books
- Assets
- $1.3m
- Revenue
- $1.7m
- Investments
- $0.0
- Employees
- 2
- Location
- Bethesda, MD
- Founding
- 03/2015
- Data as of
- 06/2022
- EIN
- 47-1786302
Organization Overview
We Need Diverse Books is located in Bethesda, MD. The organization was established in 2015. 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, We Need Diverse Books employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. We Need Diverse Books 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, We Need Diverse Books generated $1.7m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 42.7% each year . All expenses for the organization totaled $1.3m during the year ending 06/2022. While expenses have increased by 34.3% 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
CREATING A WORLD WHERE EVERYONE CAN FIND THEMSELVES ON THE PAGES OF A BOOK.
Describe the Organization's Program Activity:
Part 3 - Line 4a
INTERNSHIP/MEMTORSHIP GRANTS & AWARDS
AWARDS AND GRANTS - THIS PROGRAM ENCOMPASSES THE FOLLOWING:ANNUAL WALTER DEAN MYERS AWARDS RECOGNIZES EXCELLENCE IN DIVERSE CHILDREN'S LITERATURETHE WALTER GRANT PROVIDES FINANCIAL SUPPORT TO DIVERSE AUTHORS AND ILLUSTRATORS WHO ARE CURRENTLY UNPUBLISHED. INTERNSHIP GRANTS AWARDS DIVERSE STUDENTS PURSUING A CAREER IN CHILDREN'S PUBLISHING.
WNDB IN THE CLASSROOM PROVIDES DIVERSE BOOKS TO LOW-INCOME SCHOOLS AND LIBRARIES NATIONWIDE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Caroline Richmond Executive Director | Officer | 40 | $92,525 |
Ellen Oh CEO | OfficerTrustee | 15 | $0 |
Dhonielle Clayton COO | OfficerTrustee | 20 | $0 |
Judy Schricker CFO | OfficerTrustee | 15 | $0 |
Hena Khan Director | Trustee | 1 | $0 |
Minh Le Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,474,005 |
| Noncash contributions included in lines 1a–1f | $255,907 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,474,005 |
| Total Program Service Revenue | $164,632 |
| Investment income | $92 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $90,670 |
| 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 | $1,729,399 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $231,982 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $117,538 |
| Compensation of current officers, directors, key employees. | $14,858 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $74,933 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $6,775 |
| 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 | $0 |
| Advertising and promotion | $2,700 |
| Office expenses | $29,679 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $6,100 |
| Travel | $21,878 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $25,769 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $1,338 |
| All other expenses | $0 |
| Total functional expenses | $1,253,412 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $41,552 |
| Savings and temporary cash investments | $1,131,861 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $111,408 |
| 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 | $1,284,821 |
| Accounts payable and accrued expenses | $30,774 |
| 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 | $6,980 |
| Total liabilities | $37,754 |
| Net assets without donor restrictions | $639,552 |
| Net assets with donor restrictions | $607,515 |
| 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 | $1,284,821 |
Grants Recieved
Over the last fiscal year, we have identified 19 grants that We Need Diverse Books has recieved totaling $387,623.
| Awarding Organization | Amount |
|---|---|
Network For Good Inc Washington, DC PURPOSE: UNRESTRICTED | $217,735 |
Mai Family Foundation New York, NY PURPOSE: CHARITABLE | $50,000 |
Wings For Things Foundation Inc Sandy Hook, CT PURPOSE: TO PROVIDE SUPPORT FOR PUTTING MORE BOOKS FEATURING DIVERSE CHARACTERS INTO THE HANDS OF ALL CHILDREN | $50,000 |
American Online Giving Foundation Inc Newark, DE PURPOSE: GENERAL SUPPORT | $13,685 |
Schwab Charitable Fund San Francisco, CA PURPOSE: EDUCATION | $12,701 |
Pamela Bass-Bookey And Harry Bookey Charitable Foundation Des Moines, IA PURPOSE: GENERAL SUPPORT | $10,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Literacy Lab Washington, DC | $23,333,778 | $29,239,466 |
Civic Works Inc Baltimore, MD | $12,483,552 | $12,764,474 |
Reading Is Fundamental Inc Washington, DC | $22,372,600 | $16,088,590 |
Congress Heights Community Training And Development Corporation Washington, DC | $6,347,487 | $3,189,279 |
The Washington Commanders Charitable Foundation Inc Ashburn, VA | $1,361,978 | $1,048,751 |
Free Minds Book Club & Writing Workshop Washington, DC | $2,522,184 | $2,082,941 |
We Need Diverse Books Bethesda, MD | $1,284,821 | $1,729,399 |
Reading Is Fundamental Pittsburg Pittsburgh, PA | $3,385,621 | $940,540 |
The Literacy Center Allentown, PA | $813,842 | $994,402 |
Reach Inc Norfolk, VA | $511,783 | $670,333 |
Media-Upper Providence Free Library Association Media, PA | $3,477,052 | $561,583 |
Reading Allowed Philadelphia, PA | $280,845 | $730,708 |