Civic Intelligence

Book Trust

990 • Fiscal year 2022 • EIN 20-4124164

Jul 01, 2021 to Jun 30, 2022 • Filed on Nov 03, 2022

Organization Profilewww.booktrust.org
191 University Blvd 527Denver, CO 80206

(720) 458-9889

Siviq Scores

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

Liabilities / Assets

56th percentile

0.09x

Higher debt load relative to assets than 56% of similar nonprofits.

2022 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2022

Liabilities / Revenue

55th percentile

0.11x

Higher debt load relative to revenue than 55% of similar nonprofits.

2022 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2022

Net Margin

71st percentile

21%

Higher net margin than 71% of similar nonprofits.

2022 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2022

Top Officer Pay

90th percentile

$192,690

Higher top officer pay than 90% of similar nonprofits.

Top officer pay equals 4.7% of source-year revenue.

2022 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2022

Asset Growth

76th percentile

19%

Faster asset growth than 76% of similar nonprofits.

2022 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2021 to 2022

Revenue Growth

53rd percentile

7.8%

Faster revenue growth than 53% of similar nonprofits.

2022 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2021 to 2022

Balance Sheet
Liabilities / Assets56th percentile

Assets

Up

$4,821,313

Up $783,129 (+19%) from 2021

Net Assets

Up

$4,371,923

Up $853,457 (+24%) from 2021

Liabilities

Down

$449,390

Down $70,328 (-14%) from 2021

Revenue And Expenses
Liabilities / Revenue55th percentileNet Margin71st percentile

Revenue

Up

$4,071,921

Up $295,175 (+7.8%) from 2021

Expenses

Up

$3,218,464

Up $405,936 (+14%) from 2021

Net Income

Down

$853,457

Down $110,761 (-11%) from 2021

Historical Trend

Balance Sheet Trend

Asset Growth76th percentile

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

$6.0M$4.0M$2.0M$0-$2.0MAssets 2011: $233,603Liabilities 2011: $249,524Net Assets 2011: -$15,9212011Assets 2012: $1,186,104Liabilities 2012: $1,275,078Net Assets 2012: -$88,9742012Assets 2013: $1,414,794Liabilities 2013: $200,301Net Assets 2013: $1,214,4932013Assets 2014: $1,348,220Liabilities 2014: $20,451Net Assets 2014: $1,327,7692014Assets 2015: $1,490,477Liabilities 2015: $33,989Net Assets 2015: $1,456,4882015Assets 2016: $1,599,094Liabilities 2016: $60,100Net Assets 2016: $1,538,9942016Assets 2017: $1,762,703Liabilities 2017: $36,859Net Assets 2017: $1,725,8442017Assets 2018: $2,086,823Liabilities 2018: $395,698Net Assets 2018: $1,691,1252018Assets 2019: $1,808,697Liabilities 2019: $107,728Net Assets 2019: $1,700,9692019Assets 2020: $3,031,694Liabilities 2020: $477,446Net Assets 2020: $2,554,2482020Assets 2021: $4,038,184Liabilities 2021: $519,718Net Assets 2021: $3,518,4662021Assets 2022: $4,821,313Liabilities 2022: $449,390Net Assets 2022: $4,371,9232022Assets 2023: $4,383,991Liabilities 2023: $884,168Net Assets 2023: $3,499,8232023Assets 2024: $2,079,743Liabilities 2024: $515,846Net Assets 2024: $1,563,8972024Assets 2025: $1,878,064Liabilities 2025: $166,139Net Assets 2025: $1,711,9252025

Highlighted filing

2022

Assets$4,821,313
Liabilities$449,390
Net Assets$4,371,923
Open 2022 Filing

Operations Trend

Revenue Growth53rd percentile

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

$6.0M$4.0M$2.0M$0-$2.0MExpenses 2011: $1,304,6372011Expenses 2012: $1,656,8852012Expenses 2013: $2,014,6422013Revenue 2014: $2,464,005Expenses 2014: $2,341,187Net Income 2014: $122,8182014Revenue 2015: $3,028,886Expenses 2015: $2,883,154Net Income 2015: $145,7322015Revenue 2016: $3,299,258Expenses 2016: $3,215,772Net Income 2016: $83,4862016Revenue 2017: $4,498,231Expenses 2017: $4,309,861Net Income 2017: $188,3702017Revenue 2018: $4,539,930Expenses 2018: $4,574,649Net Income 2018: -$34,7192018Revenue 2019: $4,387,581Expenses 2019: $4,377,737Net Income 2019: $9,8442019Revenue 2020: $4,602,454Expenses 2020: $3,749,175Net Income 2020: $853,2792020Revenue 2021: $3,776,746Expenses 2021: $2,812,528Net Income 2021: $964,2182021Revenue 2022: $4,071,921Expenses 2022: $3,218,464Net Income 2022: $853,4572022Revenue 2023: $3,572,630Expenses 2023: $4,444,730Net Income 2023: -$872,1002023Revenue 2024: $3,484,010Expenses 2024: $5,419,936Net Income 2024: -$1,935,9262024Revenue 2025: $5,415,550Expenses 2025: $5,267,522Net Income 2025: $148,0282025

Highlighted filing

2022

Revenue$4,071,921
Expenses$3,218,464
Net Income$853,457
Open 2022 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2021 to Jun 30, 2022
Signed
Nov 3, 2022
Return Version
2021v4.2
Gross Receipts
$4,107,038
Mission and Program Overview

Mission

The organization's mission is to provide all children equitable access to books of choice in order to promote reading motivation and engagement. Book Trust's vision is that every child discovers the joy and power of reading to cultivate a lifelong love of learning. Since the organization's founding in 2001, Book Trust has grown from serving 170 students in Colorado to serving 41,171 elementary students across 17 states during the 2021-2022 academic year. This school year, Book Trust partnered with 178 Book Trust managers and 1,851 teachers in 168 schools, to engage students in book choice, ownership, and celebration of nearly 518,600 new Scholastic books.

Providing all children equitable access to books of choice in order to promote reading motivation and engagement.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$3,844,431$4,256,650▲ $412,219
Pledges and Grants Receivable$7,022$379,200▲ $372,178
Savings and Temporary Cash Investments$165,794$165,864▲ $70
Land, Buildings, and Equipment, Net$7,758$868▼ $6,890
Total Assets$4,038,184$4,821,313▲ $783,129
Other Assets Total$13,179$18,731▲ $5,552
Liabilities
Accounts Payable and Accrued Expenses$379,258$418,637▲ $39,379
Other Liabilities$140,460$0▼ $140,460
Deferred Revenue-$30,753-
Total Liabilities$519,718$449,390▼ $70,328
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$3,043,961$3,787,801▲ $743,840
Net Assets With Donor Restrictions$474,505$584,122▲ $109,617
Total Net Assets Fund Balance$3,518,466$4,371,923▲ $853,457
Total Liabilities and Net Assets / Fund Balance$4,038,184$4,821,313▲ $783,129

Asset Categories

AssetBook ValueDepreciationBasis
Leasehold Improvements$868$9,512$10,380
Compensation and Service Providers
Top Officer Pay90th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Colleen O'KeefePresident & CEOFT$164,184$28,506$192,690

Board Members and Trustees

NameTitle
Amy KolczakChair
Jim HackstaffVice Chair
David PerezDirector
Dharmendra SahayDirector
Jim CurryDirector
Nicole RiehlDirector
Stacey KirklandDirector
Swati GokhaleDirector
Darin AtteberryDirector from March 2022
Adrienne SchatzFounder/Director
Cheryl ZimlichSecretary
David DiehlTreasurer

Highest Paid Contractors

ContractorServicesLocationCompensation
Canopy Advisory Group IncGrant Writing1150 Delaware St, Denver, CO 80204$116,819
Revenue and Support

Revenue Composition

Contributions and Grants
$3,236,464
Program Service Revenue
$832,009
Investment Income
$1,846
Other Revenue
$1,602
All Other Contributions
$3,046,950
Change in Net Assets
$853,457

Audited Revenue Reconciliation

Revenue per Audited Statements
$4,071,921
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$4,071,921
Total Revenue per Form 990
$4,071,921
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$2,418,259
Salaries, Compensation, and Employee Benefits$683,386
Total Fundraising Expense$464,886
Professional Fundraising Fees$116,819
Grants and Similar Amounts Paid$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$239,664$51,487$102,251$393,402
Fees for Services Other$120,514$131,018$93,382$344,914
Current Officers, Directors, Trustees, and Key Employees$44,064$67,053$80,464$191,581
Fees for Services Professional Fundraising--$116,819$116,819
Office Expenses$37,219$25,003$3,530$65,752
Other Employee Benefits$31,340$6,370$12,982$50,692
Payroll Taxes$21,709$11,626$14,376$47,711
Information Technology$39,474-$7,561$47,035
Occupancy$17,604$1,430$2,547$21,581
Other Expenses$1,898,889-$5,823$5,823
Insurance$4,912$173$693$5,778
Depreciation Depletion-$4,029-$4,029
Total Functional Expenses$2,455,389$298,189$464,886$3,218,464

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$3,218,464
Total Expenses per Audited Statements$3,218,464
Total Expenses per Form 990$3,218,464
Expenses Not Reported on Financial Statements$0
Expenses Not Reported on Form 990$0
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
Yes

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$116,819
Fundraising Direct Expenses$12,177
Fundraising Gross Income$12,177

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Books on Tap$60,817$12,177$11,571$606
Total Events$60,817$12,177$12,177$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
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
No
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
Yes
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, Part VI, Section B, line 11B

“A copy of the form 990 is reviewed by the Treasurer and the President & CEO. Each Board member then receives an electronic copy of the final draft to review. Any corrections or changes are made, and the 990 is finalized and submitted with Board review and approval.”

Form 990, Part VI, Section B, line 12C

“Each fall, all board policies are reviewed with Board members. At that time, the conflict of interest forms are reviewed and Board members are asked to disclose any conflicts and complete the conflict of interest affirmation certificate. Each year, Board members review and reaffirm.”

Form 990, Part VI, Section B, line 15

“There is an annual comparison of the Book Trust's President & CEO's compensation against comparability data for organizations of similar size and mission. The executive committee meets to review the performance of the President & CEO and to approve the compensation amount. A similar process is in place for all other employees of the organization.”

Form 990, Part VI, Section C, line 19

“Governing documents are available upon written request. The organization's audited financial statements and Form 990 are posted on the Book Trust website.”

Filing and Contact Details

Filer

Filer Name
Book Trust
EIN
20-4124164
Phone
7204589889
Address
191 University Blvd 527, Denver, CO 80206

Signing Officer

Name
Colleen O'Keefe
Title
President and CEO
Phone
7204589889
Signed
2022-11-03
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Colleen O'Keefe
Formed
2006
Legal Domicile
Co
Voting Board Members
12
Independent Board Members
11
Employees
10
Volunteers
216

Preparer

Firm
Kundinger Corder & Montoya PC
Address
475 Lincoln Street Suite 200, Denver, CO 80203
Preparer
Maria Montoya
Phone
3035345953
Supplemental Narrative

Additional Explanations

Form 990, Part IX, line 11G

“Professional and Contract Services: Program service expenses 120,514. Management and general expenses 131,018. Fundraising expenses 93,382. Total expenses 344,914.”

Form 990, Part XII, Line 2C:

“There has been no change in the oversight process since the prior year.”

Raw XML AppendixShowing 400 of 574 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990/Desc0Books - Direct cost of new books that are chosen and owned by Book Trust students throughout the school year. Book Trust is a teacher-led, student-driven national early literacy program which includes a step-by-step supported and evaluated process to ensure students have the opportunity to discover the joy and power of reading. In the 2021-2022 school year, 41,171 Book Trust elementary students in 178 schools across 17 states, selected and received 613,520 new Scholastic books. Book Trust students were able to build their love of reading and their own home libraries.
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IRS990/Form990PartVIISectionAGrp/TitleTxt2Secretary
IRS990/Form990PartVIISectionAGrp/TitleTxt3Treasurer
IRS990/Form990PartVIISectionAGrp/TitleTxt4Director
IRS990/Form990PartVIISectionAGrp/TitleTxt5Director
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IRS990/MissionDesc0The organization's mission is to provide all children equitable access to books of choice in order to promote reading motivation and engagement. Book Trust's vision is that every child discovers the joy and power of reading to cultivate a lifelong love of learning. Since the organization's founding in 2001, Book Trust has grown from serving 170 students in Colorado to serving 41,171 elementary students across 17 states during the 2021-2022 academic year. This school year, Book Trust partnered with 178 Book Trust managers and 1,851 teachers in 168 schools, to engage students in book choice, ownership, and celebration of nearly 518,600 new Scholastic books.
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IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt06370
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt031340
IRS990/OtherEmployeeBenefitsGrp/TotalAmt050692
IRS990/OtherExpensesGrp/Desc0Book Expenses
IRS990/OtherExpensesGrp/Desc1Fundraising expense
IRS990/OtherExpensesGrp/Desc2Bank Fees
IRS990/OtherExpensesGrp/FundraisingAmt024458
IRS990/OtherExpensesGrp/FundraisingAmt15823
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IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PayrollTaxesGrp/FundraisingAmt014376
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt011626
IRS990/PayrollTaxesGrp/ProgramServicesAmt021709
IRS990/PayrollTaxesGrp/TotalAmt047711
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IRS990/PledgesAndGrantsReceivableGrp/EOYAmt0379200
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IRS990/PrincipalOfficerNm0Colleen O'Keefe
IRS990/ProfessionalFundraisingInd01
IRS990/ProgramServiceRevenueGrp/BusinessCd0611710
IRS990/ProgramServiceRevenueGrp/Desc0Book Trust Program
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt0832009
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0832009
IRS990/ProgSrvcAccomActy2Grp/Desc0Teacher Training and Resources - Direct cost to develop and provide teacher training, support, and literacy resources to Book Trust managers and teachers throughout the year. Book Trust managers and teachers volunteer their time to implement Book Trust's program every month of the school year. In 2021-2022, 178 Book Trust managers and 1,972 teachers across 17 states received Book Trust's program training, on-going program support, and monthly literacy resources to engage students in book choice, ownership, and celebration. Book Trust managers and teachers receive literacy tools for early reading tactics, family engagement, and the benefits of playing an active role in daily reading in the classroom and at home.
IRS990/ProgSrvcAccomActy2Grp/ExpenseAmt0436535
IRS990/ProgSrvcAccomActy3Grp/Desc0Evaluation - Direct cost to provide monthly program monitoring and evaluation to ensure effective and quality program implementation and impact. Book Trust's qualitative and quantitative evaluation process throughout the year includes; but is not limited to, school site visits, program monitoring tools, annual surveys, focus groups, academic research, and third-party evaluations.Operations - Direct cost to provide the essential program administrative and operational support necessary to implement the Book Trust program and to support our partner schools, teachers, and students with high quality and consistency.
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IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt03898804
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt03567019
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IRS990ScheduleG/FundraiserActivityInfoGrp/OrganizationBusinessName/BusinessNameLine1Txt0Canopy Advisory Group Inc
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IRS990ScheduleG/FundraiserActivityInfoGrp/USAddress/AddressLine1Txt01150 Delaware St

Document Assets

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Filings

Displayed year

2022 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$4,821,313
Liabilities
$449,390
Net assets
$4,371,923
Revenue
$4,071,921
Expenses
$3,218,464
Net income
$853,457
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.88$0.17$1.71$5.42$5.27$0.15
2024Detailed filing. Detailed filing data is available for this year.$2.08$0.52$1.56$3.48$5.42$1.94
2023Detailed filing. Detailed filing data is available for this year.$4.38$0.88$3.50$3.57$4.44$0.87
2022Detailed filing. Detailed filing data is available for this year.$4.82$0.45$4.37$4.07$3.22$0.85
2021Detailed filing. Detailed filing data is available for this year.$4.04$0.52$3.52$3.78$2.81$0.96
2020Detailed filing. Detailed filing data is available for this year.$3.03$0.48$2.55$4.60$3.75$0.85
2019Detailed filing. Detailed filing data is available for this year.$1.81$0.11$1.70$4.39$4.38$0.01
2018Detailed filing. Detailed filing data is available for this year.$2.09$0.40$1.69$4.54$4.57$0.03
2017Detailed filing. Detailed filing data is available for this year.$1.76$0.04$1.73$4.50$4.31$0.19
2016Detailed filing. Detailed filing data is available for this year.$1.60$0.06$1.54$3.30$3.22$0.08
2015Detailed filing. Detailed filing data is available for this year.$1.49$0.03$1.46$3.03$2.88$0.15
2014Detailed filing. Detailed filing data is available for this year.$1.35$0.02$1.33$2.46$2.34$0.12
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.41$0.20$1.21$2.01
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.19$1.28$0.09$1.66
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.23$0.25$0.02$1.30