Bookworm Box INC FY2022 filing

Tax-deductible

Sulphur Spgs, TX501(c)(3)Foundations & GrantmakersEIN 47-3144482

The bookworm box exists to support charitable organizations through the promotion and love of reading.

501(c)(3) charity; gifts are tax-deductible.
94¢ of each $1 spent went to programs.
$66K 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

FY2022 · 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 5
filings with a surplus
Average deficit $88K a year · 6% of revenue · last 5 filings
Concern: a surplus in 2 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
94%
of spending
Looks good: 94% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$66K
to officers and key staff · 3% of spending
Looks good: pay to officers and key staff is 3% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
3 mo
of spending, in cash
Looks good: 3.0 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $3K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$51K
5% of total assets
Looks good: liabilities are 5% of assets; 50% or less.
Pt X · Ln 26
Independent board members
7
of 7 voting members
Looks good: 7 of 7 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$3.1M
+188% vs prior year
Spent
$2.5M
To programs
94%
Net assets
$1.1M
By yearFY2020–FY2024
Revenue
$3.1M
FY2022▲ +188%
Revenue by fiscal year
FY2020$1.2M
FY2021$1.1M
FY2022$3.1M
FY2023$1.9M
FY2024−$293
Expenses
$2.5M
FY2022▲ +121%
Expenses by fiscal year
FY2020$1.2M
FY2021$1.1M
FY2022$2.5M
FY2023$2.1M
FY2024$880K
Net assets
$1.1M
FY2022▲ +136%
Net assets by fiscal year
FY2020$503K
FY2021$452K
FY2022$1.1M
FY2023$927K
FY2024$0

From the FY2022 Form 990 · see the original

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You’re viewing the FY2022 filing — not the latest on file. See the latest (FY2024) →

Status and standing

Is it real, and can you give to it?

Tax-deductible?
Yes
Per the IRS master file.
Can I give now?
No revocation on IRS record
Not on the IRS revocation list.
Filing up to date?
Filed FY2024 (typical filing lag)
Legal name (IRS)Hdr · item CBookworm Box INC
EINHdr · item D47-3144482
Exempt statusHdr · item I501(c)(3) · active
Ruling yearIRS BMFSep 2017
Latest filingForm 990FY2024 · Form 990
Principal addressHdr · item CSulphur Spgs, TX
NTEE classificationIRS BMFFoundations & Grantmakers (T12)
WebsiteHdr · item Jwww.thebookwormbox.com

Where the money goes

What each dollar paid for.

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.94 Management & general $0.06
Program services94%$2.4M
Management & general6%$148K
Total functional expensesLn 25$2.5M

Financial health

Is it on solid ground?

Program efficiency
94%
of spending reaches programs
Operating runway
5.3mo
months of highly liquid reserves at operating expense rate
Surplus margin
+20%
revenue over expenses, this year

Summary of the Filing

Part I · fiscal year 2022 · Form 990
Total assets
$1.1M
FY2022▲ +144%
Total assets by fiscal year
FY2020$508K
FY2021$458K
FY2022$1.1M
FY2023$928K
FY2024$0
Total liabilities
$51K
FY2022▲ +704%
Total liabilities by fiscal year
FY2020$6K
FY2021$6K
FY2022$51K
FY2023$978
FY2024$0
Revenue less expensesPt I · Ln 19$613K
Total assetsPt X · Ln 16$1.1M
Program-expense ratioPt IX · col B94%
Voting members of governing bodyPt I · Ln 37
Independent voting membersPt I · Ln 47

Balance Sheet

Part X · end of year
CashLn 1$629K
Total assetsLn 16$1.1M
Total liabilitiesLn 26$51K
Total net assetsLn 32$1.1M
Months of cash on handcomputed3.0

Statement of Revenue

Part VIII
Program service revenue$3.1M · 99%
Contributions & grants$26K · 1%
Program service revenue99%$3.1M
Contributions & grants1%$26K
Investment income$1K
Total revenueLn 12$3.1M

Financial Metrics

Form 990 · FY2022 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $1.1M · Operating expenses (Pt IX) $2.5M · Less non-cash grants $6K · Cash operating expenses/yr $2.5M
5.3 months
Where the money goes
Program services
Program services $2.4M · Total expenses $2.5M
94%
Management & General
Management & general $148K · Total expenses $2.5M
6%
Fundraising
Fundraising $0 · Total expenses $2.5M
0%
Cost to raise $1
Fundraising expense (3-yr avg) $0 · Solicited contributions (3-yr avg) $79K
Solicited contributions below reporting floor
Where the money comes from
Contribution dependence
Contributions & grants $26K · Total revenue $3.1M
0.8%
Government reliance
Government grants — · Total revenue $3.1M
—
Earned-income share
Program service revenue $3.1M · Total revenue $3.1M
99%
Investment reliance
Investment income $1K · Total revenue $3.1M
+0.04%
Program self-sufficiency
Program service revenue $3.1M · Total expenses $2.5M
123%
Growth & trend
Revenue growth (YoY)
This year $3.1M · Prior year $1.1M
+188%
Net-asset trend (YoY)
End of year $1.1M · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $3.1M · Expenses $2.5M
+20%
Liabilities-to-Assets
Total liabilities — · Total assets $1.1M
—
Net-asset ratio
Net assets $1.1M · Total assets $1.1M
95%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) $470K · Other securities (Pt X, ln 12) $0 · Total assets (Pt X, ln 16) $1.1M
42%
People & payroll
Highest Reported Total Compensation
Individual Murphy Fennell · Reported title Executive Dir. · Highest reported compensation $66K · Total expenses $2.5M
3%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $188K · Total expenses $2.5M
7%
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 94%——
Overhead ratio 6%——
Fundraising cost ratio 0%——
Revenue growth 188%——
Investment management fee ratio 0%——
Legal fee ratio 0.4%——
Accounting fee ratio 0.3%——
Fundraising fee ratio 0%——

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

Leadership and pay

Who runs it, and what are they paid?

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
Executive Dir.
$65,693Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
President
$0Pt VII · Sec A
Director
$0Pt VII · Sec A

Compensation history total reportable pay by year · 3 named individuals · Part VII

NameFY2024FY2023FY2022FY2021FY2020
Shanna Crawford———$72,917$74,562
Murphy Fennell—$19,923$65,693$24,922—
Susan Rossman$21,000———$30,000

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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Governance & Policies

Part VI
  • 7Voting board membersPt VI · Ln 1a
  • 7Independent board membersPt VI · Ln 1b
  • Conflict-of-interest policyPt VI · Ln 12aYes
  • Whistleblower policyPt VI · Ln 13No
  • Document retention policyPt VI · Ln 14No
  • Top official’s pay independently reviewedPt VI · Ln 15aNo
  • Family or business ties among leadersPt VI · Ln 2No

Mission and programs

What it does.

Promotes reading to support charitable organizations.

Provided by the organization

This section is blank until Bookworm Box INC claims this page.

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Mission & Programs · Part III

Where the work happens

3 program services account for $2.4M of program spending, described in the organization's own filed words · FY2022.
01

A monthly subscription box service with autographed books and a physical bookstore that sells autographed books and book related items. All profits are donated to 501c3 public charities. Each subscription box contains autographed novels from new and diverse authors to provide a platform for unknown, self-published authors.

$1.3Mprogram expense
02

Book bonanza is one of the largest celebrations of literature in the country. Book bonanza brings together 2,500 participants to meet new, diverse and unknown authors. Attendees participate in close to fifty panel discussions on topics about literature and writing, with significant interaction between readers and aspiring authors about…

$699Kprogram expense
03

Charitable grants to section 501(c)(3) public charities that address poverty, like food banks and women and children initiatives.

$349Kprogram expense

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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 · FY2023
Total grants receivedfrom 1 funder$3K
Grants paid · 23 grants · $857K · 2020–2024
National Book Foundation INCNY · FY2024$75,000
Kulture CityAL · FY2024$40,000
The Family PlaceTX · FY2024$40,000
Reach Out & ReadFY2023$110,000
Maui Food Bank INCHI · FY2023$75,180
Kulture CityAL · FY2023$30,000
Reading Is Fundamental INCDC · FY2022$30,000
Action for AutismMO · FY2022$20,000
Kulture CityAL · FY2022$10,250
Buildon INCCT · FY2022$10,000
See all 23 grants →

Filing history

Every return on file.

YearRevenueExpensesChangeFiling
FY2024 Latest −$293$880K-100% 990 PDF
FY2023 $1.9M$2.1M-38% 990 PDF
FY2022 Viewing $3.1M$2.5M+188% 990 PDF
FY2021 $1.1M$1.1M-7% 990 PDF
FY2020 $1.2M$1.2M 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

Full filing: Form 990 for FY2022

Every line we hold from the return, cited to its Part and line.
Part IX · Statement of functional expenses $2,511,998 across 31 lines filed
IX-1 Grants to domestic organizationsPrograms $348,635$348,635
IX-2 Grants to domestic individuals$0
IX-3 Grants and assistance to foreign recipients$0
IX-4 Benefits paid to or for members$0
IX-5 Pay of current officers, directors and key staffPrograms $26,277 · Management $39,416$65,693
IX-6 Pay of disqualified persons$0
IX-7 Other salaries and wagesPrograms $43,519 · Management $65,278$108,797
IX-8 Pension plan contributions$0
IX-9 Other employee benefits$0
IX-10 Payroll taxesPrograms $5,544 · Management $8,316$13,860
IX-11a Management fees$0
IX-11b Legal feesManagement $10,104$10,104
IX-11c Accounting feesManagement $8,775$8,775
IX-11d Lobbying fees$0
IX-11e Professional fundraising fees$0
IX-11f Investment management fees$0
IX-11g Other fees for services$0
IX-12 Advertising and promotionPrograms $1,083$1,083
IX-13 Office expensesPrograms $14,523 · Management $11,388$25,911
IX-14 Information technology$0
IX-15 Royalties$0
IX-16 OccupancyPrograms $21,600 · Management $2,400$24,000
IX-17 Travel$0
IX-18 Travel and entertainment for public officials$0
IX-19 Conferences, conventions and meetings$0
IX-20 InterestManagement $10$10
IX-21 Payments to affiliates$0
IX-22 Depreciation, depletion and amortizationPrograms $3,615$3,615
IX-23 Insurance$0
IX-24 Other expenses (24a–d)Programs $1,817,325$1,817,325
IX-24e All other expensesPrograms $81,873 · Management $2,317$84,190
IX-25 Total functional expensesPrograms $2,363,994 · Management $148,004 · Fundraising $0$2,511,998

Not shown yet: ratings, outcomes, and peer benchmarks. A Form 990 doesn’t report them.

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2022IRS
Classification, formation year, addressIRS Business Master File
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