Cleveland Kids Book Bank
- Assets
- $1.2m
- Revenue
- $589.6k
- Investments
- $0.0
- Employees
- 7
- Location
- Cleveland, OH
- Founding
- 11/2015
- Data as of
- 12/2021
- EIN
- 47-5553602
Organization Overview
Cleveland Kids Book Bank is located in Cleveland, OH. 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 12/2021, Cleveland Kids Book Bank employed 7 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Cleveland Kids Book Bank 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, Cleveland Kids Book Bank generated $589.6k in total revenue. All expenses for the organization totaled $539.6k during the year ending 12/2021.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE MISSION OF THE CLEVELAND KIDS' BOOK BANK IS TO FOSTER LITERACY AND A LOVE OF READING BY DISTRIBUTING FREE BOOKS TO CHILDREN IN NEED THROUGH COLLABORATION WITH COMMUNITY PARTNERS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
DISTRIBUTE DONATED BOOKS TO CHILDREN AND FAMILIES IN NEED THROUGHOUT GREATER CLEVELAND THROUGH CITY AND COUNTY AGENCIES, NONPROFIT ORGANIZATIONS, SCHOOLS AND LITTLE FREE LIBRARIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Amanda Schaub Treasurer | OfficerTrustee | 2 | $0 |
Judith Kovach Chair | OfficerTrustee | 15 | $0 |
Alexis Beachdell Secretary | OfficerTrustee | 1 | $0 |
John Reynolds Director | Trustee | 1 | $0 |
Kristen Saada Director | Trustee | 1 | $0 |
Deena Epstein Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $29,574 |
| All other contributions, gifts, grants, and similar amounts not included above | $543,648 |
| Noncash contributions included in lines 1a–1f | $36,549 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $573,222 |
| Total Program Service Revenue | $0 |
| Investment income | $494 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $14,676 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $589,576 |
| 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 | $259,151 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $6,043 |
| Payroll taxes | $21,992 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $5,587 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $4,308 |
| Fees for services: Other | $11,380 |
| Advertising and promotion | $12,957 |
| Office expenses | $18,862 |
| Information technology | $4,357 |
| Royalties | $0 |
| Occupancy | $48,401 |
| Travel | $1,012 |
| 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 | $4,274 |
| Insurance | $10,016 |
| All other expenses | $100 |
| Total functional expenses | $539,551 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $167,099 |
| Savings and temporary cash investments | $246,665 |
| 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 | $20,232 |
| Investments—publicly traded securities | $719,716 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $7,209 |
| Total assets | $1,160,921 |
| Accounts payable and accrued expenses | $57,436 |
| Grants payable | $0 |
| Deferred revenue | $1,500 |
| 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 | $58,936 |
| Net assets without donor restrictions | $1,101,985 |
| 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 | $0 |
| Total liabilities and net assets/fund balances | $1,160,921 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that Cleveland Kids Book Bank has recieved totaling $10,500.
| Awarding Organization | Amount |
|---|---|
William M Weiss Foundation Russell Twp, OH PURPOSE: CHARITABLE | $5,000 |
Third World Books Inc Cleveland Heights, OH PURPOSE: LITTLE FREELIBRARIES | $3,000 |
Swagelok Foundation Solon, OH PURPOSE: TO FURTHER THE ORGANIZATION'S TAX EXEMPT PURPOSE | $2,500 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Childrens Literacy Initiative Philadelphia, PA | $12,745,223 | $23,482,636 |
National Center For Families Learning Inc Louisville, KY | $16,159,024 | $7,570,588 |
Kids Read Now Troy, OH | $1,305,520 | $4,930,805 |
Communities In Schools Of Michigan Inc Lansing, MI | $5,757,124 | $8,847,770 |
Simon Youth Foundation Inc Indianapolis, IN | $13,534,989 | $1,991,502 |
Reading Recovery Council Of North America Worthington, OH | $1,777,303 | $1,197,918 |
School On Wheels Corp Indianapolis, IN | $2,488,592 | $1,690,910 |
Carnegie Literacy Center Inc Lexington, KY | $1,003,564 | $1,222,449 |
Reading Is Fundamental Pittsburg Pittsburgh, PA | $3,385,621 | $940,540 |
The Literacy Center Allentown, PA | $813,842 | $994,402 |
Kalamazoo Literacy Council Kalamazoo, MI | $565,019 | $856,187 |
Seedlings Braille Books For Children Livonia, MI | $4,243,634 | $799,029 |