Civic Intelligence

Book Trust

990 • Fiscal year 2024 • EIN 20-4124164

Jul 01, 2023 to Jun 30, 2024 • Filed on Nov 12, 2024

191 University Blvd Ste 527Denver, CO 80206

(720) 458-9889

Siviq Scores

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

Liabilities / Assets

72nd percentile

0.25x

Higher debt load relative to assets than 72% of similar nonprofits.

2024 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2024

Liabilities / Revenue

61st percentile

0.15x

Higher debt load relative to revenue than 61% of similar nonprofits.

2024 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2024

Net Margin

5th percentile

-56%

Higher net margin than 5% of similar nonprofits.

2024 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2024

Top Officer Pay

94th percentile

$293,948

Higher top officer pay than 94% of similar nonprofits.

Top officer pay equals 8.4% of source-year revenue.

2024 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2024

Asset Growth

2nd percentile

-53%

Faster asset growth than 2% of similar nonprofits.

2024 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2023 to 2024

Revenue Growth

31st percentile

-2.5%

Faster revenue growth than 31% of similar nonprofits.

2024 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2023 to 2024

Assets

Down

$2,079,743

Down $2,304,248 (-53%) from 2023

Net Assets

Down

$1,563,897

Down $1,935,926 (-55%) from 2023

Liabilities

Down

$515,846

Down $368,322 (-42%) from 2023

Revenue

Down

$3,484,010

Down $88,620 (-2.5%) from 2023

Expenses

Up

$5,419,936

Up $975,206 (+22%) from 2023

Net Income

Down

-$1,935,926

Down $1,063,826 (-122%) from 2023

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$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

2024

Assets$2,079,743
Liabilities$515,846
Net Assets$1,563,897

Operations Trend

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

2024

Revenue$3,484,010
Expenses$5,419,936
Net Income-$1,935,926
Jump To
Filing Snapshot
Filing Period
Jul 1, 2023 to Jun 30, 2024
Signed
Nov 12, 2024
Return Version
2023v5.0
Gross Receipts
$3,543,090
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 58,106 elementary students across 15 states during the 2023-2024 academic year. This school year, book trust partnered with 194 book trust managers and 2,742 teachers in 194 schools, to engage students in book choice, ownership, and celebration of over 630,000 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$3,767,732$1,997,309▼ $1,770,423
Savings and Temporary Cash Investments$245,859--
Pledges and Grants Receivable$328,019$57,127▼ $270,892
Total Assets$4,383,991$2,079,743▼ $2,304,248
Other Assets Total$42,381$25,307▼ $17,074
Liabilities
Other Liabilities$350,000$350,000→ $0
Accounts Payable and Accrued Expenses$510,418$128,346▼ $382,072
Deferred Revenue$23,750$37,500▲ $13,750
Total Liabilities$884,168$515,846▼ $368,322
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$2,971,953$1,311,885▼ $1,660,068
Net Assets With Donor Restrictions$527,870$252,012▼ $275,858
Total Net Assets Fund Balance$3,499,823$1,563,897▼ $1,935,926
Total Liabilities and Net Assets / Fund Balance$4,383,991$2,079,743▼ $2,304,248

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings-$10,380$10,380
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
COLLEEN O'KEEFEPres/CEO ThrFT$276,320$17,628$293,948
COLLEEN O'KEEFEPres/CEO Thru 8/2023-$276,320$17,628$293,948
Maire DalyVP of DeveloFT$130,633$3,544$134,177
Allison LeeVP of PrograFT$126,195$3,918$130,113
Stacy KirklandIntrm Pres/cFT$122,787$3,066$125,853

Board Members and Trustees

NameTitle
Darin AtteberryDirector
David PerezDirector
Dharmendra SahayDirector
Nicole RiehlDirector
Swati GokhaleDirector
Adrienne SchatzFounder/dire
Patience PeabodyPres/CEO Eff
Cheryl ZimlichSecretary
David DiehlTreasurer

Highest Paid Contractors

ContractorServicesLocationCompensation
Canopy Advisory Group INCGrant Writing1150 DELAWARE ST, 5TH FLOOR, Denver, CO 80204$179,603
Reveal Business Solutions LLCAccounting6445 DOWNING STREET, Denver, CO 80229$157,600
Community Counseling Service LLCConsulting527 MADISON AVE, New York, NY 10022$113,740
Revenue and Support

Revenue Composition

Contributions and Grants
$2,368,778
Program Service Revenue
$1,028,792
Investment Income
$86,440
Other Revenue
$0
All Other Contributions
$2,200,056
Change in Net Assets
$-1,935,926

Audited Revenue Reconciliation

Revenue per Audited Statements
$3,484,010
Total Revenue per Audited Statements
$3,484,010
Total Revenue per Form 990
$3,484,010
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$3,536,197
Salaries, Compensation, and Employee Benefits$1,798,164
Total Fundraising Expense$925,048
Professional Fundraising Fees$85,575
Grants and Similar Amounts Paid$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$615,747$69,956$449,731$1,135,434
Current Officers, Directors, Trustees, and Key Employees$95,265$155,887$181,868$433,020
Fees for Services Other$317,590$22,861$19,769$360,220
Payroll Taxes$46,503$18,275$52,951$117,729
Other Employee Benefits$24,636$40,313$47,032$111,981
Fees for Services Professional Fundraising--$85,575$85,575
Travel$17,659$1,764$48,519$67,942
Office Expenses$27,158$7,381$12,735$47,274
Information Technology$12,774$1,363$9,799$23,936
Insurance$5,560$417$739$6,716
Other Expenses$3,013,779-$4,382$4,382
Total Functional Expenses$4,176,671$318,217$925,048$5,419,936

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$5,419,936
Total Expenses per Audited Statements$5,419,936
Total Expenses per Form 990$5,419,936
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
Yes

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$85,575
Fundraising Direct Expenses$59,080
Fundraising Gross Income$59,080

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Hawaii$96,204$22,933$5,758$17,175
Books on Tap$104,833$20,811$10,073$10,738
Total Events$227,802$59,080$59,080-
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Refundable Advance$350,000
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

List of states receiving copy of form 990: al,ak,ar,ca,ct,fl,ga,hi,il,ks,md,ma,mi,mn,nj,nm,ny,nc,nd,or,pa,ri,sc,tn,ut va,wi,wv

Form 990, Page 6, Part VI, Line 8B

Committees cannot take any action without board approval. Therefore, no minutes are taken at committee meetings.

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

Each spring, 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, Page 6, Part VI, Line 15A

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, Page 6, Part VI, Line 15B

See description for line 15a above.

Form 990, Page 6, Part VI, Line 17

Massachusetts, maryland, maine, michigan, minnesota, mississippi, north carolina, north dakota, new hampshire, new jersey, new mexico, nevada, new york, ohio, oklahoma, oregon, pennsylvania, rhode island, south carolina, tennessee, virginia, washington, wisconsin, west virginia

Form 990, Page 6, Part VI, 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 STE 527, DENVER, CO 80206

Signing Officer

Name
Patience Peabody
Title
Pres/CEO Eff 1/2024
Phone
7204589889
Signed
2024-11-12
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Patience Peabody
Formed
2006
Legal Domicile
Co
Voting Board Members
9
Independent Board Members
9
Employees
18
Volunteers
226

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 - ORGANIZATION'S 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 58,106 elementary students across 15 states during the 2023-2024 academic year. This school year, book trust partnered with 194 book trust managers and 2,742 teachers in 194 schools, to engage students in book choice, ownership, and celebration of over 630,000 new scholastic books.

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

Teacher 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 2023-2024, 194 book trust managers and 2,742 teachers across 15 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. Evaluation - 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.

Form 990, Part XII

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

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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 58,106 ELEMENTARY STUDENTS ACROSS 15 STATES DURING THE 2023-2024 ACADEMIC YEAR. THIS SCHOOL YEAR, BOOK TRUST PARTNERED WITH 194 BOOK TRUST MANAGERS AND 2,742 TEACHERS IN 194 SCHOOLS, TO ENGAGE STUDENTS IN BOOK CHOICE, OWNERSHIP, AND CELEBRATION OF OVER 630,000 NEW SCHOLASTIC BOOKS.
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Document Assets

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Filings

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