International Book Project Inc
- Assets
- $1.0m
- Revenue
- $3.3m
- Investments
- $375.4k
- Employees
- 4
- Location
- Lexington, KY
- Founding
- 03/1967
- Data as of
- 12/2023
- EIN
- 61-6039627
Organization Overview
International Book Project Inc is located in Lexington, KY. The organization was established in 1967. According to its NTEE Classification (Q30) the organization is classified as: International Development, under the broad grouping of International, Foreign Affairs & National Security and related organizations. As of 12/2023, International Book Project Inc employed 4 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. International Book Project 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 12/2023, International Book Project Inc generated $3.3m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 9 years, the organization has seen revenues fall by an average of (6.8%) each year. All expenses for the organization totaled $3.4m during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (6.7%) per year over the past 9 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2017, International Book Project Inc has awarded 153 individual grants totaling $2,009,114. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO PROMOTE EDUCATION AND LITERACY WHILE BROADENING AMERICANS' UNDERSTANDING OF THEIR NEIGHBORS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
INTERNATIONAL BOOK PROJECT, INC. DISTRIBUTED 189,945 BOOKS TO VARIOUS COUNTRIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Susannah Stitzer President | OfficerTrustee | 1 | $0 |
Daniel Sprague Board Member | Trustee | 0.3 | $0 |
Alice Bowen Vice President | OfficerTrustee | 1 | $0 |
Wade Littrell Treasurer | OfficerTrustee | 1 | $0 |
Dabney Parker Board Member | Trustee | 0.3 | $0 |
Gregory Hall Board Member | Trustee | 0.3 | $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 | $3,251,852 |
| Noncash contributions included in lines 1a–1f | $2,990,110 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $3,251,852 |
| Total Program Service Revenue | $43,165 |
| Investment income | $8,969 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | -$2,964 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $13,340 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,314,362 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $212,778 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $2,777,332 |
| 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 | $140,329 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $45,118 |
| Payroll taxes | $12,275 |
| 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 | $2,617 |
| Fees for services: Other | $11,425 |
| Advertising and promotion | $1,326 |
| Office expenses | $8,039 |
| 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 | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $47,892 |
| Insurance | $6,273 |
| All other expenses | $10,469 |
| Total functional expenses | $3,369,488 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $50,716 |
| 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 | $583,114 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $375,421 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,009,251 |
| 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 | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $1,004,451 |
| Net assets with donor restrictions | $4,800 |
| 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 | $1,009,251 |
Grants Awarded
Over the last fiscal year, International Book Project Inc has awarded $180,178 in support to 7 organizations.
| Grant Recipient | Amount |
|---|---|
IBP VOLUNTEERS PURPOSE: CONTRIBUTIONS OF BOOKS | $6,035 |
HARRY CAUDILL MEMORIAL LIBRARY PURPOSE: CONTRIBUTIONS OF BOOKS | $10,224 |
CROSSROADS ELEMENTARY PURPOSE: CONTRIBUTIONS OF BOOKS | $32,544 |
OWINGSVILLE ELEMENTARY PURPOSE: CONTRIBUTIONS OF BOOKS | $66,249 |
WESTRIDGE ELEMENTARY PURPOSE: CONTRIBUTIONS OF BOOKS | $24,246 |
TOLIVER INTERMEDIATE SCHOOL PURPOSE: CONTRIBUTIONS OF BOOKS | $22,116 |