Civic Intelligence

Radius Books Inc.

990 • Fiscal year 2023 • EIN 14-1997383

Jan 01, 2023 to Dec 31, 2023 • Filed on Jul 09, 2024

227 East Palace Ave Suite WSanta Fe, NM 87501

(505) 983-4068

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

69th percentile

0.19x

Higher debt load relative to assets than 69% of similar nonprofits.

2023 filings • NTEE A • $1M-$5M nonprofits • Source year 2023

Liabilities / Revenue

82nd percentile

0.54x

Higher debt load relative to revenue than 82% of similar nonprofits.

2023 filings • NTEE A • $1M-$5M nonprofits • Source year 2023

Net Margin

82nd percentile

37%

Higher net margin than 82% of similar nonprofits.

2023 filings • NTEE A • $1M-$5M nonprofits • Source year 2023

Top Officer Pay

72nd percentile

$102,000

Higher top officer pay than 72% of similar nonprofits.

Top officer pay equals 6.0% of source-year revenue.

2023 filings • NTEE A • $1M-$5M nonprofits • Source year 2023

Asset Growth

79th percentile

25%

Faster asset growth than 79% of similar nonprofits.

2023 filings • NTEE A • $1M-$5M nonprofits • Annualized from 2022 to 2023

Revenue Growth

88th percentile

92%

Faster revenue growth than 88% of similar nonprofits.

2023 filings • NTEE A • $1M-$5M nonprofits • Annualized from 2022 to 2023

Assets

Up

$4,908,406

Up $967,949 (+25%) from 2022

Net Assets

Up

$3,991,590

Up $689,248 (+21%) from 2022

Liabilities

Up

$916,816

Up $278,701 (+44%) from 2022

Revenue

Up

$1,693,446

Up $813,663 (+92%) from 2022

Expenses

Up

$1,069,292

Up $28,806 (+2.8%) from 2022

Net Income

Up

$624,154

Up $784,857 (+488%) from 2022

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$6.0M$4.0M$2.0M$0Assets 2010: $471,100Liabilities 2010: $3,316Net Assets 2010: $467,7842010Assets 2011: $504,142Liabilities 2011: $9,218Net Assets 2011: $494,9242011Assets 2012: $519,624Liabilities 2012: $19,152Net Assets 2012: $500,4722012Assets 2013: $541,050Liabilities 2013: $44,749Net Assets 2013: $496,3012013Assets 2014: $587,044Liabilities 2014: $75,341Net Assets 2014: $511,7032014Assets 2015: $867,458Liabilities 2015: $29,059Net Assets 2015: $838,3992015Assets 2016: $847,853Liabilities 2016: $56,473Net Assets 2016: $791,3802016Assets 2017: $1,163,815Liabilities 2017: $59,763Net Assets 2017: $1,104,0522017Assets 2018: $1,082,204Liabilities 2018: $130,412Net Assets 2018: $951,7922018Assets 2019: $1,495,301Liabilities 2019: $155,154Net Assets 2019: $1,340,1472019Assets 2020: $2,621,375Liabilities 2020: $63,578Net Assets 2020: $2,557,7972020Assets 2021: $4,533,597Liabilities 2021: $299,475Net Assets 2021: $4,234,1222021Assets 2022: $3,940,457Liabilities 2022: $638,115Net Assets 2022: $3,302,3422022Assets 2023: $4,908,406Liabilities 2023: $916,816Net Assets 2023: $3,991,5902023Assets 2024: $4,547,202Liabilities 2024: $638,283Net Assets 2024: $3,908,9192024

Highlighted filing

2023

Assets$4,908,406
Liabilities$916,816
Net Assets$3,991,590

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$3.0M$2.0M$1.0M$0-$1.0MRevenue 2010: $108,093Expenses 2010: $118,757Net Income 2010: -$10,6642010Revenue 2011: $155,434Expenses 2011: $129,000Net Income 2011: $26,4342011Expenses 2012: $139,7952012Revenue 2013: $205,431Expenses 2013: $203,791Net Income 2013: $1,6402013Revenue 2014: $296,350Expenses 2014: $261,185Net Income 2014: $35,1652014Revenue 2015: $413,910Expenses 2015: $297,986Net Income 2015: $115,9242015Revenue 2016: $341,156Expenses 2016: $387,121Net Income 2016: -$45,9652016Revenue 2017: $642,645Expenses 2017: $333,169Net Income 2017: $309,4762017Revenue 2018: $383,517Expenses 2018: $535,501Net Income 2018: -$151,9842018Revenue 2019: $859,952Expenses 2019: $471,597Net Income 2019: $388,3552019Revenue 2020: $2,263,020Expenses 2020: $1,044,809Net Income 2020: $1,218,2112020Revenue 2021: $2,674,449Expenses 2021: $1,259,679Net Income 2021: $1,414,7702021Revenue 2022: $879,783Expenses 2022: $1,040,486Net Income 2022: -$160,7032022Revenue 2023: $1,693,446Expenses 2023: $1,069,292Net Income 2023: $624,1542023Revenue 2024: $1,563,107Expenses 2024: $1,575,860Net Income 2024: -$12,7532024

Highlighted filing

2023

Revenue$1,693,446
Expenses$1,069,292
Net Income$624,154
Jump To
Filing Snapshot
Filing Period
Jan 1, 2023 to Dec 31, 2023
Signed
Jul 9, 2024
Return Version
2023v5.0
Gross Receipts
$3,258,014
Mission and Program Overview

Mission

Radius books encourages projects and events of artistic and cultural value for a wide audience. Our projects include lectures, workshops and books that are distinguished in their form and content.

To encourage projects and events of artistic and cultural value for a wide audience. The organization's projects include lectures, workshops, and books that are distinguished in their form and content.

Balance Sheet Detail
LineBeginningEndChange
Assets
Inventories for Sale or Use$554,089$669,384▲ $115,295
Savings and Temporary Cash Investments$63,030$573,125▲ $510,095
Pledges and Grants Receivable$742,000$565,000▼ $177,000
Intangible Assets$447,810$522,723▲ $74,913
Cash and Non-Interest-Bearing Accounts$438,179$485,598▲ $47,419
Accounts Receivable$102,215$118,817▲ $16,602
Prepaid Expenses and Deferred Charges$10,822$38,748▲ $27,926
Land, Buildings, and Equipment, Net$7,259$4,796▼ $2,463
Total Assets$3,940,457$4,908,406▲ $967,949
Other Assets Total$1,575,053$1,930,215▲ $355,162
Liabilities
Other Liabilities$470,913$543,990▲ $73,077
Accounts Payable and Accrued Expenses$113,822$354,017▲ $240,195
Deferred Revenue$53,380$18,809▼ $34,571
Total Liabilities$638,115$916,816▲ $278,701
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$1,473,079$2,413,890▲ $940,811
Net Assets With Donor Restrictions$1,829,263$1,577,700▼ $251,563
Total Net Assets Fund Balance$3,302,342$3,991,590▲ $689,248
Total Liabilities and Net Assets / Fund Balance$3,940,457$4,908,406▲ $967,949

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$4,796$12,782$17,578
Leasehold Improvements-$2,500$2,500
Other Assets Org$1,930,215--

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2023$1,575,053$225,000▲ $268,137$122,330$1,930,215
2022$1,729,960$202,708▼ $257,449$85,507$1,575,053
2021$1,109,651$489,146▲ $233,307$90,616$1,729,960
2020-$1,110,263▼ $561-$1,109,651
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
David ChickeyPresidentFT$102,000$102,000

Board Members and Trustees

NameTitle
Andrew WallersteinDirector
Christie DavisDirector
Darius HimesDirector
Jamie HooperDirector
Jeanne KleinDirector
Kimberly MacqueenDirector
Marc OlivieDirector
David ArmentTreasurer

Highest Paid Contractors

ContractorServicesLocationCompensation
Editoriale Bortolazzi Stei ViaPre-press, PrinMONTE COMUN 40 SAN GIOVANNI LUPATOT, Verona, It$852,046
Revenue and Support

Revenue Composition

Contributions and Grants
$1,389,833
Program Service Revenue
$384,162
Investment Income
$223,137
Other Revenue
$-303,686
All Other Contributions
$893,713
Change in Net Assets
$624,154

Noncash Contribution Practices

Property subject to holding requirements
No
Reviewed unusual noncash gifts
No
Third parties used for noncash contributions
No

Noncash Contributions

Contribution TypeContribution CountReported AmountValuation Method
Other Non Cash Contri Table27$373,765Auction Bid Price
Securities Publicly Traded1$25,000Fair Market Value
Total Noncash Contributions28$398,765-

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,677,801
Revenue Not Reported on Financial Statements
$15,645
Revenue Not Reported on Form 990
$65,095
Total Revenue per Audited Statements
$1,742,896
Total Revenue per Form 990
$1,693,446
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$453,278
Salaries, Compensation, and Employee Benefits$426,304
Grants and Similar Amounts Paid$189,710
Total Fundraising Expense$69,478
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$211,567$26,446$26,445$264,458
Grants to Domestic Orgs$189,710--$189,710
Travel$135,593$3,902$6,080$145,575
Occupancy$75,672$23,537$4,951$104,160
Current Officers, Directors, Trustees, and Key Employees$81,600$10,200$10,200$102,000
Fees for Services Other$15,093$51,486-$66,579
Payroll Taxes$47,215$5,902$5,902$59,019
Office Expenses$12,548$12,772$8,589$33,909
Information Technology$13,675$1,608$1,699$16,982
Fees for Service Investment Mgmnt Fees-$15,645-$15,645
Interest-$13,602-$13,602
Advertising$7,364-$3,965$11,329
All Other Expenses$2,410$1,680$254$4,344
Other Expenses$4,326$3,279$1,002$3,279
Depreciation Depletion$2,465$308$308$3,081
Other Employee Benefits$661$83$83$827
Insurance-$653-$653
Total Functional Expenses$809,189$190,625$69,478$1,069,292

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Form 990$1,069,292
Expenses per Audited Statements$1,053,647
Total Expenses per Audited Statements$1,053,647
Expenses Not Reported on Financial Statements$15,645
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$180,793
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Artist Weekend$469,070-$122,538-
Paris Photo$14,250-$51,058-
Total Events$496,120-$180,793$-180,793
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Interested-Person Transactions

Interested PartyRelationshipDescriptionShared RevenueAmount
-Board MembersRentNo$59,000
-Bord PresidentDesign ServiceNo$38,000
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Operating Lease Payable$543,990
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
Yes
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Page 6, Part VI, Line 11B

The president reviews the return and provides a copy to the finance committee for review before the return is filed with the irs.

Form 990, Page 6, Part VI, Line 12C

The conflict of interest policy is enforced and monitored annually.

Form 990, Page 6, Part VI, Line 15A

The president's salary is determined through feedback from the finance committee as well as comparability data.

Form 990, Page 6, Part VI, Line 19

The organization has its financial statements, governing documents, and tax returns available to the public upon request.

Filing and Contact Details

Filer

Filer Name
Radius Books Inc
EIN
14-1997383
Phone
5059834068
Address
227 EAST PALACE AVE SUITE W, SANTA FE, NM 87501

Signing Officer

Name
David Chickey
Title
President
Phone
5059834068
Signed
2024-07-09
Discuss with paid preparer
Yes

Organization Details

Principal Officer
David Chickey
Formed
2007
Legal Domicile
Nm
Voting Board Members
9
Independent Board Members
8
Employees
7
Volunteers
75

Preparer

Firm
Hinkle Landers Pc
Address
2500 9TH ST NW, ALBUQUERQUE, NM 87102-1055
Preparer
Farley Vener
Phone
5058838788
Supplemental Narrative

Additional Explanations

Form 990, Page 2, Part III, Line 4A

Radius books is a santa fe based nonprofit organization whose goal is to make a lasting impact through our publishing and donation programs. Since its founding in 2007, the organization has produced over 205 titles and donated over 87,750 titles to libraries, schools and art programs in all 50 states. The donation program aims to bring diverse artistic visions and voices into the hands of as many people as possible, particularly students and young adults. Twice a year, in the spring and fall, local students and members of the wider santa fe community join the organization in its efforts to pack and ship over 300 boxes of recent titles. On average, radius donates 5,000 to 6,000 books each year, with an average unit cost (production cost) of 30 per book, and an average list price (retail value) of 60 per book, with an overall estimated retail value of 360,000. In addition to donating free of charge about 20% of every print run, radius makes the list price below market standard, so all customers can also benefit from its non-profit status. With that in mind, the organization's list prices usually range from 40 to 65, whereas books of this production quality usually retail anywhere from 65 to 150.

Financial Statement Notes

Schedule D, Page 2, Part V, Line 4

Of the permanently restricted funds, 5% of the yearly earnings can be distributed to the organization and used to support the executive director's salary and benefits. Of the board restricted funds, the organization can be distributed earnings to help pay other expenses incurred.

Schedule D, Page 3, Part X

Radius books is a nonprofit organization and is exempt from federal income taxes under section 501(c)(3) of the internal revenue code and has been classified by the internal revenue service as a public charity. However, unrelated business income would be subject to federal income taxes. Radius books had no unrelated business income for the year ended december 31, 2023. Consequently, the accompanying financial statements do not reflect any provision for income taxes. Tax returns may be subject to normal federal and state examination within the statute of limitations, which is three years from the date the tax return is filed for federal purposes and four years for the state of new mexico.

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Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$4.55$0.64$3.91$1.56$1.58$0.01
2023Detailed filing. Detailed filing data is available for this year.$4.91$0.92$3.99$1.69$1.07$0.62
2022Detailed filing. Detailed filing data is available for this year.$3.94$0.64$3.30$0.88$1.04$0.16
2021Detailed filing. Detailed filing data is available for this year.$4.53$0.30$4.23$2.67$1.26$1.41
2020Detailed filing. Detailed filing data is available for this year.$2.62$0.06$2.56$2.26$1.04$1.22
2019Detailed filing. Detailed filing data is available for this year.$1.50$0.16$1.34$0.86$0.47$0.39
2018Detailed filing. Detailed filing data is available for this year.$1.08$0.13$0.95$0.38$0.54$0.15
2017Detailed filing. Detailed filing data is available for this year.$1.16$0.06$1.10$0.64$0.33$0.31
2016Detailed filing. Detailed filing data is available for this year.$0.85$0.06$0.79$0.34$0.39$0.05
2015Detailed filing. Detailed filing data is available for this year.$0.87$0.03$0.84$0.41$0.30$0.12
2014Detailed filing. Detailed filing data is available for this year.$0.59$0.08$0.51$0.30$0.26$0.04
2013Detailed filing. Detailed filing data is available for this year.$0.54$0.04$0.50$0.21$0.20$0.00
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.52$0.02$0.50$0.14
2011Summary only. Only limited summary data is available for this year.$0.50$0.01$0.49$0.16$0.13$0.03
2010Summary only. Only limited summary data is available for this year.$0.47$0.00$0.47$0.11$0.12$0.01