Baldwin & Co Foundation EIN 88-0972171 Form 990 (PDF) Claim this org

Baldwin & Co Foundation

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Provides books and reading programs to foster individual and community growth. For fiscal year 2024 it reported $314K in revenue, $176K in expenses, and $137K in net assets.Pt I

Type
Public charity (501(c)(3)) · Education
Location
New Orleans, LA
Filings
2 on file (2023–2024)
Revenue
$314KFY2024
Expenses
$176K
Net assets
$137K
People
1
Filings
2
Updates
0
More identity details & actions ⌄
EIN  88-0972171 Public charity (501(c)(3)) New Orleans, LA
Form 990 (PDF)
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Size
$100K–1M
What they do
Provides books and reading programs to foster individual and community growth.
Leadership
Dernell Johnson · President
Money in and out
$314K revenue, $176K expenses
Bottom line
100% program efficiency
Where the money goes · FY2024
Total revenue
$314K
Pt VIII · Ln 12
Total expenses
$176K
Pt IX · Ln 25
Net assets
$137K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $137K
Where spending went · Part IX cols B–D
Program services $1.00
Program efficiency
100%
of spending reaches programs
Operating runway
9.3mo
months of highly liquid reserves at operating expense rate▲ ×31 vs prior filing year
Surplus margin
+44%
revenue over expenses, this year▼ -27% vs prior filing year

Summary of the Filing

Part I · fiscal year 2024 · Form 990
Revenue
$314K
FY2024▲ +14%
Expenses
$176K
FY2024▲ +61%
Total assets
$137K
FY2024▼ -51%
Total liabilities
$0
FY2024
Total revenue
$314K
Pt VIII · Ln 12
Total expenses
$176K
Pt IX · Ln 25
Net assets
$137K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$137K
Total assetsPt X · Ln 16$137K
Program-expense ratioPt IX · col B100%
Voting members of governing bodyPt I · Ln 31
Independent voting membersPt I · Ln 4pending

Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CBaldwin & Co Foundation
EINHdr · item D88-0972171
Principal addressHdr · item CNew Orleans, LA
WebsiteHdr · item Jnone reported
Year of formationHdr · item Lpending
State of legal domicileHdr · item MLA
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFEducation (B92)
Ruling yearIRS BMFFeb 2023

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a1
Independent voting membersPt VI · Ln 1bpending
Conflict-of-interest policyPt VI · Ln 12aNo
Whistleblower policyPt VI · Ln 13No
Document retention policyPt VI · Ln 14No
CEO/top-official compensation independently reviewedPt VI · Ln 15aNo
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
$0Pt VII · Sec A
See Baldwin & Co Foundation executive salaries →

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Mission & Programs · Part III

Where the work happens

4 program services account for $224K of program spending, described in the organization's own filed words · FY2023.
01

Author talksbaldwin & co foundation host events with well-renowed authors to promote literacy. The focus of the event is outreach to members of the community. All in attendance are able to participate in a meet and greet with the author, listen to passages read by the author and engage in enlightening conversation related to the…

$112Kprogram expense
02

Books on books festivalsbaldwin & co. Foundation hosts free community festivals to promote literacy and celebrate the culture of new orleans. The festivals include a book drive and giveaway for students in grades k-12, live performances, author readings, spoken word, live music, free food and beverages, a vendor market and more.

$70Kprogram expense
03

Literacy tutoringwe host tutoring services to assist students with basic and intermediate reading skills. Weekly sessions include five lessons. Elementary & middle school tracks help participants become fluent and confident readers, strengthening their reading performance and building communication skills.

$42Kprogram expense
04

Is an organization dedicated to the fight against poverty, using the power of books and education to combat crime, improving the economy and creating ecnomic empowerment for black youth.

Pt IX · col B

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Statement of Revenue

Part VIII
Contributions & grants100%$314K
Investment income$78
Total revenueLn 12$314K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $1.00
Program services100%$176K
Total functional expensesLn 25$176K

Balance Sheet

Part X · end of year
CashLn 1$137K
Total assetsLn 16$137K
Total liabilitiesLn 26$0
Total net assetsLn 32$137K
Months of cash on handcomputed9.3

Financial Metrics

Form 990 · FY2024 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $137K · Operating expenses/yr $176K
9.3 months
Where the money goes
Program services
Program services $176K · Total expenses $176K
100%
Management & General
Management & general $0 · Total expenses $176K
0%
Fundraising
Fundraising $0 · Total expenses $176K
0%
Cost to raise $1
Fundraising expense (2-yr avg) $0 · Solicited contributions (2-yr avg) $297K
Solicited contributions below reporting floor
Where the money comes from
Contribution dependence
Contributions & grants $314K · Total revenue $314K
100%
Government reliance
Government grants — · Total revenue $314K
Earned-income share
Program service revenue $0 · Total revenue $314K
0%
Investment reliance
Investment income $78 · Total revenue $314K
+0.02%
Program self-sufficiency
Program service revenue $0 · Total expenses $176K
0%
Growth & trend
Revenue growth (YoY)
This year $314K · Prior year $275K
+14%
Net-asset trend (YoY)
End of year $137K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $314K · Expenses $176K
+44%
Liabilities-to-Assets
Total liabilities — · Total assets $137K
Net-asset ratio
Net assets $137K · Total assets $137K
100%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) $0 · Other securities (Pt X, ln 12) $0 · Total assets (Pt X, ln 16) $137K
0%
People & payroll
Highest Reported Total Compensation
Individual Dernell Johnson · Reported title President · Highest reported compensation $0 · Total expenses $176K
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $0 · Total expenses $176K
0%
Peer comparison

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

MetricThis orgPeer medianPercentile
Program ratio 100%
Overhead ratio 0%
Fundraising cost ratio 0%
Revenue growth 14%
Investment management fee ratio 0%
Legal fee ratio 0%
Accounting fee ratio 0%
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.

Grants

Schedule I · funders on record
Grants received · FY2024
Total grants receivedfrom 2 funders$27K

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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2024 (Latest)$314K revenue · viewing · ⤓ 990 PDF
FY2023$275K revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2024IRS
Classification, formation year, addressIRS Business Master File
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