Is it real?
Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Oct 2006.
IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File
Where the money goes
77 cents of each dollar spent went to programs.
Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.
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Who runs it and what they're paid
13 people listed on the 990; $160K paid to officers and key staff.
Patience Peabody’s $229K as Pres/CEO is at the 88th percentile of top reported officer pay among 3394 $1–10M education 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 · 8 named individuals · Part VII
| Name | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|
| Colleen O'Keefe | — | $276,320 | $175,554 | $164,184 | $160,323 |
| Patience Peabody | $228,614 | — | — | — | — |
| Rachelle Ferrelli | $143,568 | — | — | — | — |
| Allison Lee | $143,553 | $126,195 | — | — | — |
| Maire Daly | — | $130,633 | — | — | — |
| Stacy Kirkland | — | $122,787 | — | — | — |
| Deven Jatkar | $115,320 | — | — | — | — |
| Lisa Franko | $103,858 | — | — | — | — |
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.
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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
Giving children books they choose to spark a love of reading.
Questions for Book Trust
Your first name shows with your question. Book Trust answers here, for everyone.
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Books
Direct cost of new books that are chosen and owned by Book Trust students throughout the school year. Book Trust is a teacher-led, student-driven national early literacy program which includes a step-by-step supported and evaluated process to ensure students have the opportunity to discover the joy and power of reading.
Teacher Training and Resources
Direct cost to develop and provide teacher training, support, and literacy resources to Book Trust managers and teachers throughout the year. Book Trust managers and teachers volunteer their time to implement Book Trust's program every month of the school year.
Evaluation
Direct cost to provide monthly program monitoring and evaluation to ensure effective and quality program implementation and impact. Book Trust's qualitative and quantitative evaluation process throughout the year includes; but is not limited to, school site visits, program monitoring tools, annual surveys, focus groups, academic…
Funders
Who pays for it.
From grant filings on record. Receipts are incomplete: individual donors are never listed.
Grants
By the numbers
The FY2021 990, line by line.
Download 990
| Line | Start FY21 | End FY21 |
|---|---|---|
| Cash and savingsLn 1–2 | $2.9M | $4.0M |
| Land, buildings, equipmentLn 10c | $16K | $8K |
| Total assetsLn 16 | $3.0M | $4.0M |
| LiabilitiesLn 26 | $477K | $520K |
| Net assetsLn 32 | $2.6M | $3.5M |
| Line | Total | Programs | Management | Fundraising |
|---|---|---|---|---|
| Pay of current officers, directors and key staffLn 5 | $180K | $56K | $67K | $56K |
| Other salaries and wagesLn 7 | $391K | $208K | $67K | $115K |
| Other employee benefitsLn 9 | $48K | $25K | $8K | $14K |
| Payroll taxesLn 10 | $43K | $21K | $10K | $12K |
| Other fees for servicesLn 11g | $290K | $48K | $112K | $131K |
| Advertising and promotionLn 12 | $29K | $29K | $10 | |
| Office expensesLn 13 | $53K | $22K | $13K | $19K |
| Information technologyLn 14 | $53K | $44K | $1K | $7K |
| OccupancyLn 16 | $82K | $70K | $2K | $11K |
| TravelLn 17 | $3K | $3K | $19 | $109 |
| Depreciation, depletion and amortizationLn 22 | $8K | $8K | ||
| InsuranceLn 23 | $5K | $5K | $163 | $651 |
| Other expenses (24a–d)Ln 24 | $1.6M | $1.6M | $6K | |
| Total functional expensesLn 25 | $2.8M | $2.2M | $289K | $372K |
Filing history
| Year | Money in | Money out | In minus out | Net assets | Download |
|---|---|---|---|---|---|
| FY2025 Latest | $5.4M | $5.3M | $148K | $1.7M | 990 PDF |
| FY2024 | $3.5M | $5.4M | −$1.9M | $1.6M | 990 PDF |
| FY2023 | $3.6M | $4.4M | −$872K | $3.5M | 990 PDF |
| FY2022 | $4.1M | $3.2M | $853K | $4.4M | 990 PDF |
| FY2021 Viewing | $3.8M | $2.8M | $964K | $3.5M | 990 PDF |
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Schedules filed Part IV
See the full FY2021 990 (6 parts)
Part I · Summary $3,776,746 revenue, 12 lines filed
Part VI · Governance 11 of 12 board members independent, no flags
Part VIII · Statement of revenue $3,776,746 across 8 lines filed
Part IX · Statement of functional expenses $2,812,528 across 13 lines filed
Part X · Balance sheet $4,038,184 assets, 14 lines filed
Part XI · Reconciliation of net assets $3,518,466 net assets at year end
Form 990 e-file (XML) FY2021 from the IRS · Classification, formation year and address from the IRS Business Master File
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