An Open Book Foundation FY2023 filing

Tax-deductible

Washington, DC501(c)(3)Since 2010EducationEIN 27-4234601Revenue $642K in FY2023

On file with the IRSanopenbookfound.org508 Kennedy St Nw Ste 309, 20011-3137 · Washington, DCTax-exempt since May 2011Publicly supported charity — 170(b)(1)(A)(vi)

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An Open Book Foundation (aob) connects washington, DC-area students with authors, illustrators, and their books to nurture a lifelong love of reading. We support educational justice by building equitable access to interactive literacy enrichment and high-quality books.

501(c)(3) charity; gifts are tax-deductible.
92¢ of each $1 spent went to programs.
$76K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

Before you give

FY2023 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
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
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
2 of 4
filings with a surplus
Average deficit $6K a year · under 1% of revenue · last 4 filings
Worth a look: a surplus in 2 of the last 4 filings.
Pt I · Ln 19 · 4 filings
Spent on programs
92%
of spending
Looks good: 92% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$76K
to officers and key staff · 11% of spending
Looks good: pay to officers and key staff is 11% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
1 mo
of spending, in cash
Fine: 1.3 months of spending in cash; 1 to 3.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
5
named funders · $96K
Looks good: 5 funders name it on their filings; 3 or more.
Funders’ Sch. I, 990-PF
Liabilities
$8K
2% of total assets
Looks good: liabilities are 2% of assets; 50% or less.
Pt X · Ln 26
Independent board members
8
of 8 voting members
Looks good: 8 of 8 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$642K
+3% vs prior year
Spent
$698K
To programs
92%
Net assets
$490K
By yearFY2020–FY2024
Revenue
$642K
FY2023▲ +3%
Tap a bar for its year
Revenue by fiscal year
FY2020$591K
FY2022$625K
FY2023$642K
FY2024$499K
FY2024$689K
Expenses
$698K
FY2023▲ +23%
Tap a bar for its year
Expenses by fiscal year
FY2020$440K
FY2022$569K
FY2023$698K
FY2024$674K
FY2024$769K
Net assets
$490K
FY2023▼ -18%
Tap a bar for its year
Net assets by fiscal year
FY2020$700K
FY2022$595K
FY2023$490K
FY2024$344K
FY2024$276K

From the FY2023 Form 990 (year ending June 2023) · see the original

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You’re viewing the FY2023 filing — not the latest on file. See the latest (FY2024) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in May 2011.

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

Where the money goes

92 cents of each dollar spent went to programs.

Program services 92% · $641K Management & general 8% · $56K Fundraising 0% · $261

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

11 people listed on the 990; $76K paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2022); the FY2023 filing did not itemize Part VII
Co-Founding Director
$74,510Pt VII · Sec A
Co-Founding Director (until 06/2023)
$1,333Pt VII · Sec A
Secretary
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
Director (until 11/2022)
$0Pt VII · Sec A
Director
$0Pt VII · Sec A

Heidi Powell’s $76K as Executive Director is at the 68th percentile of top reported officer pay among 1613 $100K–1M 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 · 2 named individuals · Part VII

NameFY2024FY2024FY2023FY2020
Heidi Powell$76,328$76,327$74,510$70,327
Dara La Porte——$1,333$1,350

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

Connects students with authors and books to foster a love of reading and ensure equitable access to literacy.

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Provided by the organization

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1 program · $641K · in their own filed words · FY2022
01

An open book foundation's mission is to connect washington, dc-area students with authors, illustrators, and their books to nurture a lifelong love of reading. We support educational justice by building equitable access to interactive literacy enrichment and high-quality books.

$641Kprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · received and paid
Grants received · FY2024
See all 5 funders →
Grants paid · 3 grants · $60K · 2022–2024
Unitemized GrantFY2024$24,119
Unitemized GrantFY2023$22,356
Unitemized GrantFY2022$13,550

By the numbers

The FY2023 990, line by line.

1The main four
Money inPt VIII
$642K
Ln 12
Gifts and grantsLn 1h$631K
Investment incomeLn 3$11K
Money outPt IX
$698K
Ln 25
Programscol B$641K
Managementcol C$56K
Fundraisingcol D$261
Owns and owesPt X
$490K
net assets · Ln 32
Cash and savingsLn 1–2$76K
Total assetsLn 16$498K
LiabilitiesLn 26$8K
PeoplePt VI, VII
11
listed · VII A
PaidVII A2
Voting boardVI 1a8
IndependentVI 1b8
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$631K
Government grantsLn 1e$251K
Noncash giftsLn 1g$27K
Investment incomeLn 3$11K
Total revenueLn 12$642K
Assets in detailPt X, end of year
CashLn 1$248
SavingsLn 2$76K
Cash and savings togetherLn 1–2$76K
InvestmentsLn 11–13$405K
Other assetsLn 15$2K
Total assetsLn 16$498K
LiabilitiesLn 26$8K
Net assetsLn 32$490K
OperationsPt I, VI
EmployeesI 57
VolunteersI 619
Fiscal year endsHeaderJune
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY23End FY23
Cash and savingsLn 1–2$69K$76K
InvestmentsLn 11–13$520K$405K
Total assetsLn 16$613K$498K
LiabilitiesLn 26$17K$8K
Net assetsLn 32$595K$490K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic individualsLn 2$14K$14K
Pay of current officers, directors and key staffLn 5$75K$72K$2K
Other salaries and wagesLn 7$336K$334K$2K
Other employee benefitsLn 9$10K$10K$580
Payroll taxesLn 10$34K$33K$900
Accounting feesLn 11c$6K$1K$5K
Other fees for servicesLn 11g$24K$19K$5K
Advertising and promotionLn 12$2K$2K
Office expensesLn 13$9K$6K$3K$261
Information technologyLn 14$9K$385$8K
OccupancyLn 16$34K$9K$25K
TravelLn 17$9K$9K$10
Conferences, conventions and meetingsLn 19$12K$9K$2K
InsuranceLn 23$3K$1K$1K
Other expenses (24a–d)Ln 24$122K$122K
Total functional expensesLn 25$698K$641K$56K$261

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 $499K$674K−$175K$344K 990 PDF
FY2023 Viewing $642K$698K−$55K$490K 990 PDF
FY2022 $625K$569K$57K$595K 990 PDF
FY2021 Not on file
FY2020 $591K$440K$152K$700K 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 FY2023 990 (6 parts)
Part I · Summary $642,221 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $608,648$631,140
I-9 Program service revenuePrior year $0$0
I-10 Investment incomePrior year $16,837$11,081
I-11 Other revenuePrior year $0$0
I-12 Total revenuePrior year $625,485$642,221
I-13 Grants and similar amounts paidPrior year $14,000$13,550
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $350,965$454,959
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $203,796$229,096
I-18 Total expensesPrior year $568,761$697,605
I-19 Revenue less expensesPrior year $56,724−$55,384
Part VI · Governance 8 of 8 board members independent, no flags
VI-1a Voting members of the governing body8
VI-1b Independent voting members8
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $642,221 across 6 lines filed
VIII-1e Government grants$250,683
VIII-1f All other contributions, gifts and grants$380,457
VIII-1g Noncash contributions (included above)$26,638
VIII-1h Total contributions, gifts and grants$631,140
VIII-3 Investment incomeExcluded from tax $11,081$11,081
VIII-12 Total revenueRelated to mission $0 · Unrelated business $0 · Excluded from tax $11,081$642,221
Part IX · Statement of functional expenses $697,605 across 15 lines filed
IX-2 Grants to domestic individualsPrograms $13,550$13,550
IX-5 Pay of current officers, directors and key staffPrograms $72,491 · Management $2,019$74,510
IX-7 Other salaries and wagesPrograms $334,230 · Management $1,681$335,911
IX-9 Other employee benefitsPrograms $9,894 · Management $580$10,474
IX-10 Payroll taxesPrograms $33,164 · Management $900$34,064
IX-11c Accounting feesPrograms $1,095 · Management $5,320$6,415
IX-11g Other fees for servicesPrograms $19,208 · Management $4,559$23,767
IX-12 Advertising and promotionManagement $1,712$1,712
IX-13 Office expensesPrograms $5,925 · Management $2,731 · Fundraising $261$8,917
IX-14 Information technologyPrograms $385 · Management $8,340$8,725
IX-16 OccupancyPrograms $8,983 · Management $24,706$33,689
IX-17 TravelPrograms $9,381 · Management $10$9,391
IX-19 Conferences, conventions and meetingsPrograms $9,400 · Management $2,132$11,532
IX-23 InsurancePrograms $1,431 · Management $1,304$2,735
IX-24 Other expenses (24a–d)Programs $122,213$122,213
IX-25 Total functional expensesPrograms $641,350 · Management $55,994 · Fundraising $261$697,605
Part X · Balance sheet $498,182 assets, 13 lines filed
X-1 Cash, non-interest-bearing$248
X-2 Savings and temporary cash investmentsStart of year $68,606$76,252
X-3 Pledges and grants receivableStart of year $22,040$12,460
X-4 Accounts receivable$2,000
X-11 Publicly traded securitiesStart of year $519,695$404,722
X-15 Other assetsStart of year $2,500$2,500
X-16 Total assetsStart of year $612,841$498,182
X-17 Accounts payable and accrued expensesStart of year $17,409$8,235
X-26 Total liabilitiesStart of year $17,409$8,235
X-27 Net assets without donor restrictionsStart of year $168,553$191,179
X-28 Net assets with donor restrictionsStart of year $426,879$298,768
X-32 Total net assets or fund balancesStart of year $595,432$489,947
X-33 Total liabilities and net assetsStart of year $612,841$498,182
Part XI · Reconciliation of net assets $489,947 net assets at year end
XI-1 Total revenue$642,221
XI-2 Total expenses$697,605
XI-3 Revenue less expenses−$55,384
XI-4 Net assets at start of year$595,432
XI-5 Net unrealized gains (losses) on investments−$8,424
XI-8 Prior period adjustments−$41,677
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$489,947

Form 990 e-file (XML) FY2023 from the IRS · Classification, formation year and address from the IRS Business Master File

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