Storybridge INC

Tax-deductible

Amarillo, TX501(c)(3)EducationEIN 81-3953396Revenue $561K in FY2024

On file with the IRSstorybridgeama.org4468 Canyon Dr, 79109-5612 · Amarillo, TXTax-exempt since Nov 2016Publicly supported — 509(a)(2)

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The primary exempt purpose of Storybridge is to provide free books to area children (newborn through elementary age) to help remove the barriers to early literacy.

501(c)(3) charity; gifts are tax-deductible.
68¢ of each $1 spent went to programs.
Run by 150 volunteers and 2 employees.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · People: Part I, lines 5–6

Before you give

FY2024 · 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
4 of 4
filings with a surplus
Average surplus $267K a year · 41% of revenue · last 4 filings
Looks good: a surplus in 4 of the last 4 filings.
Pt I · Ln 19 · 4 filings
Spent on programs
68%
of spending
Fine: 68% of spending went to programs; 65% to 75%.
Pt IX · Ln 25 · col B
Cash reserves
19 mo
of spending, in cash
Looks good: 19.1 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
7
named funders · $227K
Looks good: 7 funders name it on their filings; 3 or more.
Funders’ Sch. I, 990-PF
Liabilities
$3K
0.2% of total assets
Looks good: liabilities are 0% 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
$561K
-4% vs prior year
Spent
$554K
To programs
68%
Net assets
$1.2M
By yearFY2021–FY2024
Revenue
$561K
FY2024▼ -4%
Tap a bar for its year
Revenue by fiscal year
FY2021$643K
FY2022$800K
FY2023$582K
FY2024$561K
Expenses
$554K
FY2024▲ +13%
Tap a bar for its year
Expenses by fiscal year
FY2021$126K
FY2022$347K
FY2023$490K
FY2024$554K
Net assets
$1.2M
FY2024▲ +0.6%
Tap a bar for its year
Net assets by fiscal year
FY2021$655K
FY2022$1.1M
FY2023$1.2M
FY2024$1.2M

From the FY2024 Form 990 · see the original

Give Claim

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Nov 2016.

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

Where the money goes

68 cents of each dollar spent went to programs.

Program services 68% · $377K Management & general 20% · $108K Fundraising 12% · $68K

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

7 people listed on the 990.

Part VII, Section A · reportable compensation
President
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
See Storybridge 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 15aNo

Programs and updates

Gives free books to young children to boost early reading skills.

Questions for Storybridge INC

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Provided by the organization

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3 programs · $360K · in their own filed words · FY2024
01

Program to facilitate the Dolly Parton Imagination Library (DPIL). Storybridge helps to enroll children from birth to 5 years old in the DPIL program and then they are eligible to receive one free book every month until the age of 5.

$233Kprogram expense
02

The Kinderbridge program was established to provide guided playgroups for children ages 0-5 and their caregivers. The program provides free space, crafts, snacks, and instructional items to model reading and creative play that helps to prepare children for kindergarten.

$71Kprogram expense
03

Storybridge has free book fairs at local Elementary schools and other public community events in Amarillo allowing for the selection of books for school children and their families. During the 2024 year, this program provided self-selected home libraries for over 6,000 children.

$56Kprogram 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 7 funders →
Grants paid · 1 grant · $31K · 2021–2021
Unitemized GrantFY2021$30,657

By the numbers

The FY2024 990, line by line.

1The main four
Money inPt VIII
$561K
Ln 12
Gifts and grantsLn 1h$548K
Investment incomeLn 3$24K
Money outPt IX
$554K
Ln 25
Programscol B$377K
Managementcol C$108K
Fundraisingcol D$68K
Owns and owesPt X
$1.2M
net assets · Ln 32
Cash and savingsLn 1–2$881K
Total assetsLn 16$1.2M
LiabilitiesLn 26$3K
PeoplePt VI, VII
7
listed · VII A
PaidVII A0
Voting boardVI 1a7
IndependentVI 1b7
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$548K
Government grantsLn 1e$156K
Noncash giftsLn 1g$12K
Fundraising eventsLn 1c$81K
Investment incomeLn 3$24K
Gains on assetsLn 7$0
Total revenueLn 12$561K
Assets in detailPt X, end of year
CashLn 1$480
SavingsLn 2$880K
Cash and savings togetherLn 1–2$881K
InvestmentsLn 11–13$0
Land, buildings, equipmentLn 10c$305K
Other assetsLn 15$0
Total assetsLn 16$1.2M
LiabilitiesLn 26$3K
Net assetsLn 32$1.2M
OperationsPt I, VI
EmployeesI 52
VolunteersI 6150
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY24End FY24
Cash and savingsLn 1–2$855K$881K
InvestmentsLn 11–13$0$0
Land, buildings, equipmentLn 10c$334K$305K
Total assetsLn 16$1.2M$1.2M
LiabilitiesLn 26$3K$3K
Net assetsLn 32$1.2M$1.2M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Other salaries and wagesLn 7$167K$85K$23K$58K
Payroll taxesLn 10$13K$7K$2K$4K
Accounting feesLn 11c$16K$16K
Advertising and promotionLn 12$4K$1K$3K
Office expensesLn 13$16K$16K
Information technologyLn 14$6K$3K$3K
OccupancyLn 16$14K$14K
Conferences, conventions and meetingsLn 19$3K$3K
InterestLn 20$1K$1K
Depreciation, depletion and amortizationLn 22$29K$29K
InsuranceLn 23$5K$5K
Other expenses (24a–d)Ln 24$281K$281K$0$0
Total functional expensesLn 25$554K$377K$108K$68K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest Viewing $561K$554K$7K$1.2M 990 PDF
FY2023 $582K$490K$92K$1.2M 990 PDF
FY2022 $800K$347K$453K$1.1M 990 PDF
FY2021 $643K$126K$517K$655K 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 FY2024 990 (6 parts)
Part I · Summary $560,689 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $551,402$547,895
I-9 Program service revenuePrior year $0$0
I-10 Investment incomePrior year $27,967$23,973
I-11 Other revenuePrior year $2,458−$11,179
I-12 Total revenuePrior year $581,827$560,689
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 $160,783$179,259
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $329,327$374,396
I-18 Total expensesPrior year $490,110$553,655
I-19 Revenue less expensesPrior year $91,717$7,034
Part VI · Governance 7 of 7 board members independent, 3 to look at
VI-1a Voting members of the governing body7
VI-1b Independent voting members7
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
Part VIII · Statement of revenue $560,689 across 14 lines filed
VIII-1a Federated campaigns$37,961
VIII-1b Membership dues$0
VIII-1c Fundraising events$80,885
VIII-1d Related organizations$0
VIII-1e Government grants$156,200
VIII-1f All other contributions, gifts and grants$272,849
VIII-1g Noncash contributions (included above)$12,000
VIII-1h Total contributions, gifts and grants$547,895
VIII-3 Investment incomeRelated to mission $23,973 · Unrelated business $0 · Excluded from tax $0$23,973
VIII-5 RoyaltiesRelated to mission $0 · Unrelated business $0 · Excluded from tax $0$0
VIII-6 Net rental income or lossRelated to mission $0 · Unrelated business $0 · Excluded from tax $0$0
VIII-7 Net gain or loss on sales of assetsRelated to mission $0 · Unrelated business $0 · Excluded from tax $0$0
VIII-8 Net income from fundraising eventsUnrelated business $0 · Excluded from tax −$11,179−$11,179
VIII-12 Total revenueRelated to mission $23,973 · Unrelated business $0 · Excluded from tax −$11,179$560,689
Part IX · Statement of functional expenses $553,655 across 12 lines filed
IX-7 Other salaries and wagesPrograms $85,350 · Management $23,278 · Fundraising $57,893$166,521
IX-10 Payroll taxesPrograms $6,529 · Management $1,780 · Fundraising $4,429$12,738
IX-11c Accounting feesManagement $15,545$15,545
IX-12 Advertising and promotionPrograms $1,409 · Fundraising $2,835$4,244
IX-13 Office expensesManagement $15,843$15,843
IX-14 Information technologyPrograms $2,507 · Fundraising $3,260$5,767
IX-16 OccupancyManagement $14,047$14,047
IX-19 Conferences, conventions and meetingsManagement $3,012$3,012
IX-20 InterestManagement $1,198$1,198
IX-22 Depreciation, depletion and amortizationManagement $28,714$28,714
IX-23 InsuranceManagement $4,896$4,896
IX-24 Other expenses (24a–d)Programs $281,130 · Management $0 · Fundraising $0$281,130
IX-25 Total functional expensesPrograms $376,925 · Management $108,313 · Fundraising $68,417$553,655
Part X · Balance sheet $1,209,423 assets, 23 lines filed
X-1 Cash, non-interest-bearingStart of year $11,359$480
X-2 Savings and temporary cash investmentsStart of year $843,842$880,269
X-3 Pledges and grants receivableStart of year $0$0
X-4 Accounts receivableStart of year $13,200$23,400
X-8 Inventories for sale or useStart of year $0$0
X-9 Prepaid expenses and deferred chargesStart of year $0$0
X-10c Land, buildings and equipment, netStart of year $333,988$305,274
X-11 Publicly traded securitiesStart of year $0$0
X-12 Other securitiesStart of year $0$0
X-13 Program-related investmentsStart of year $0$0
X-14 Intangible assetsStart of year $0$0
X-15 Other assetsStart of year $0$0
X-16 Total assetsStart of year $1,202,389$1,209,423
X-17 Accounts payable and accrued expensesStart of year $3,000$3,000
X-18 Grants payableStart of year $0$0
X-19 Deferred revenueStart of year $0$0
X-20 Tax-exempt bond liabilitiesStart of year $0$0
X-24 Unsecured notes and loans payableStart of year $0$0
X-26 Total liabilitiesStart of year $3,000$3,000
X-27 Net assets without donor restrictionsStart of year $901,618$1,133,652
X-28 Net assets with donor restrictionsStart of year $297,771$72,771
X-32 Total net assets or fund balancesStart of year $1,199,389$1,206,423
X-33 Total liabilities and net assetsStart of year $1,202,389$1,209,423
Part XI · Reconciliation of net assets $1,206,423 net assets at year end
XI-1 Total revenue$560,689
XI-2 Total expenses$553,655
XI-3 Revenue less expenses$7,034
XI-4 Net assets at start of year$1,199,389
XI-5 Net unrealized gains (losses) on investments$0
XI-6 Donated services and use of facilities$0
XI-7 Investment expenses$0
XI-8 Prior period adjustments$0
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$1,206,423

Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File

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