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Book Industry Study Group INC FY2021 filing

Not tax-deductible

New York, NY501(c)(6)Since 1976Arts & CultureEIN 13-2857274Revenue $672K in FY2021

On file with the IRSbisg.org244 Madison Avenue 230, 10016-2817 · New York, NYTax-exempt since Sep 1976

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The mission of the Book Industry Study Group (bisg) is to create a more informed, empowered and efficient Book Industry.

$205K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Pay: Part VII

Before you give

FY2021 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(6)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
No
Donations are not tax-deductible
Worth a look: the IRS does not list gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
3 of 5
filings with a surplus
Average deficit $21K a year · 3% of revenue · last 5 filings
Worth a look: a surplus in 3 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Pay to officers and key staff
$205K
to officers and key staff · 31% of spending
Concern: pay to officers and key staff is 31% of spending; over 30%.
Pt VII · Sec A
Cash reserves
8 mo
of spending, in cash
Looks good: 7.7 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$397K
72% of total assets
Worth a look: liabilities are 72% of assets; over 65%.
Pt X · Ln 26
Independent board members
14
of 14 voting members
Looks good: 14 of 14 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$672K
Spent
$654K
Net assets
$156K
By yearFY2021–FY2025
Revenue
$672K
FY2021
Tap a bar for its year
Revenue by fiscal year
FY2021$672K
FY2022$739K
FY2023$611K
FY2024$735K
FY2025$751K
Expenses
$654K
FY2021
Tap a bar for its year
Expenses by fiscal year
FY2021$654K
FY2022$661K
FY2023$627K
FY2024$732K
FY2025$942K
Net assets
$156K
FY2021
Tap a bar for its year
Net assets by fiscal year
FY2021$156K
FY2022$230K
FY2023$214K
FY2024$180K
FY2025−$69K

From the FY2021 Form 990 (year ending June 2021) · see the original

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You’re viewing the FY2021 filing — not the latest on file. See the latest (FY2025) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Sep 1976.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Who runs it and what they're paid

15 people listed on the 990; $205K paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2020); the FY2021 filing did not itemize Part VII
Brian O'Leary
Executive Director
$204,570Pt VII · Sec A
Kathleen Reid
Vice Chair
$0Pt VII · Sec A
$0Pt VII · Sec A
Kelvin Watson
Secretary
$0Pt VII · Sec A
Maureen McMahon
Immediate Past Chair
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A

Brian O'Leary’s $180K as Executive Director is at the 99th percentile of top reported officer pay among 2215 $100K–1M arts & culture nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 1 named individual · Part VII

NameFY2025FY2024FY2023FY2022FY2021
Brian O'Leary$180,000$205,000$205,000$180,000$204,570

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

See Book Industry Study Group INC executive salaries →

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aYes

Programs and updates

Empowering the book industry through information and efficiency.

Questions for Book Industry Study Group INC

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Provided by the organization

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3 programs · in their own filed words · FY2020
01

Bisg organizes volunteers to assess issues, update products and maintain best practices. The results of these efforts are provided to members and non-members via the organization's website. A fee is charged for some products.

Pt IX · col B
02

Bisg periodically hosts conferences and events that present information about trends in the book publishing business. These include forums at which relevant issues are discussed.

Pt IX · col B
03

Bisg conducts research into trends and opportunities of interest to the book publishing business.

Pt IX · col B

By the numbers

The FY2021 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$672K
Ln 12
Fees for servicesLn 2g$669K
Investment incomeLn 3$3K
Money outPt IX
$654K
Ln 25
Owns and owesPt X
$156K
net assets · Ln 32
Cash and savingsLn 1–2$418K
Total assetsLn 16$553K
LiabilitiesLn 26$397K
PeoplePt VI, VII
15
listed · VII A
PaidVII A1
Voting boardVI 1a14
IndependentVI 1b14
2In more detail
Revenue in detailPt VIII
Fees for servicesLn 2g$669K
Investment incomeLn 3$3K
Total revenueLn 12$672K
Assets in detailPt X, end of year
SavingsLn 2$418K
Cash and savings togetherLn 1–2$418K
Land, buildings, equipmentLn 10c$4K
Total assetsLn 16$553K
LiabilitiesLn 26$397K
Net assetsLn 32$156K
OperationsPt I, VI
EmployeesI 53
VolunteersI 6700
Fiscal year endsHeaderJune
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13No
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY21End FY21
Cash and savingsLn 1–2$381K$418K
Land, buildings, equipmentLn 10c$2K$4K
Total assetsLn 16$475K$553K
LiabilitiesLn 26$337K$397K
Net assetsLn 32$138K$156K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$198K
Other salaries and wagesLn 7$75K
Pension plan contributionsLn 8$5K
Other employee benefitsLn 9$13K
Payroll taxesLn 10$18K
Legal feesLn 11b$28K
Accounting feesLn 11c$24K
Other fees for servicesLn 11g$120K
Advertising and promotionLn 12$27K
Office expensesLn 13$375
Information technologyLn 14$36K
OccupancyLn 16$23K
TravelLn 17$115
Conferences, conventions and meetingsLn 19$8K
Depreciation, depletion and amortizationLn 22$1K
InsuranceLn 23$3K
Other expenses (24a–d)Ln 24$72K
All other expensesLn 24e$2K
Total functional expensesLn 25$654K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $751K$942K−$190K−$69K 990 PDF
FY2024 $735K$732K$3K$180K 990 PDF
FY2023 $611K$627K−$16K$214K 990 PDF
FY2022 $739K$661K$78K$230K 990 PDF
FY2021 Viewing $672K$654K$19K$156K 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2021 990 (6 parts)
Part I · Summary $672,305 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $0$0
I-9 Program service revenuePrior year $689,077$669,258
I-10 Investment incomePrior year $2,316$3,047
I-11 Other revenuePrior year $0$0
I-12 Total revenuePrior year $691,393$672,305
I-13 Grants and similar amounts paidPrior year $0$0
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $285,086$308,454
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $343,925$345,209
I-18 Total expensesPrior year $629,011$653,663
I-19 Revenue less expensesPrior year $62,382$18,642
Part VI · Governance 14 of 14 board members independent, 1 to look at
VI-1a Voting members of the governing body14
VI-1b Independent voting members14
VI-13 Written whistleblower policyNo
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-14 Document retention and destruction policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $672,305 across 3 lines filed
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $669,258$669,258
VIII-3 Investment incomeExcluded from tax $3,047$3,047
VIII-12 Total revenueRelated to mission $669,258 · Unrelated business $0 · Excluded from tax $3,047$672,305
Part IX · Statement of functional expenses $653,663 across 18 lines filed
IX-5 Pay of current officers, directors and key staff$198,048
IX-7 Other salaries and wages$75,208
IX-8 Pension plan contributions$4,641
IX-9 Other employee benefits$12,858
IX-10 Payroll taxes$17,699
IX-11b Legal fees$28,008
IX-11c Accounting fees$23,528
IX-11g Other fees for services$120,055
IX-12 Advertising and promotion$26,963
IX-13 Office expenses$375
IX-14 Information technology$35,783
IX-16 Occupancy$22,900
IX-17 Travel$115
IX-19 Conferences, conventions and meetings$8,342
IX-22 Depreciation, depletion and amortization$1,347
IX-23 Insurance$3,236
IX-24 Other expenses (24a–d)$72,392
IX-24e All other expenses$2,165
IX-25 Total functional expenses$653,663
Part X · Balance sheet $553,319 assets, 11 lines filed
X-2 Savings and temporary cash investmentsStart of year $381,473$417,809
X-4 Accounts receivableStart of year $65,965$103,395
X-9 Prepaid expenses and deferred chargesStart of year $25,010$28,467
X-10c Land, buildings and equipment, netStart of year $2,391$3,648
X-16 Total assetsStart of year $474,839$553,319
X-17 Accounts payable and accrued expensesStart of year $12,082$14,057
X-19 Deferred revenueStart of year $325,191$383,054
X-26 Total liabilitiesStart of year $337,273$397,111
X-27 Net assets without donor restrictionsStart of year $137,566$156,208
X-32 Total net assets or fund balancesStart of year $137,566$156,208
X-33 Total liabilities and net assetsStart of year $474,839$553,319
Part XI · Reconciliation of net assets $156,208 net assets at year end
XI-1 Total revenue$672,305
XI-2 Total expenses$653,663
XI-3 Revenue less expenses$18,642
XI-4 Net assets at start of year$137,566
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$156,208

Form 990 e-file (XML) FY2021 from the IRS · Classification, formation year and address from the IRS Business Master File

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