Civic Intelligence

Book Trust

990 • Fiscal year 2025 • EIN 20-4124164

Jul 01, 2024 to Jun 30, 2025 • Filed on Nov 14, 2025

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

45th percentile

0.09x

Higher debt load relative to assets than 45% of similar nonprofits.

2025 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2025

Liabilities / Revenue

20th percentile

0.03x

Higher debt load relative to revenue than 20% of similar nonprofits.

2025 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2025

Net Margin

44th percentile

2.7%

Higher net margin than 44% of similar nonprofits.

2025 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2025

Top Officer Pay

84th percentile

$229,361

Higher top officer pay than 84% of similar nonprofits.

Top officer pay equals 4.2% of source-year revenue.

2025 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2025

Asset Growth

10th percentile

-9.7%

Faster asset growth than 10% of similar nonprofits.

2025 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2024 to 2025

Revenue Growth

90th percentile

55%

Faster revenue growth than 90% of similar nonprofits.

2025 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2024 to 2025

Assets

Down

$1,878,064

Down $201,679 (-9.7%) from 2024

Net Assets

Up

$1,711,925

Up $148,028 (+9.5%) from 2024

Liabilities

Down

$166,139

Down $349,707 (-68%) from 2024

Revenue

Up

$5,415,550

Up $1,931,540 (+55%) from 2024

Expenses

Down

$5,267,522

Down $152,414 (-2.8%) from 2024

Net Income

Up

$148,028

Up $2,083,954 (+108%) from 2024

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

2025

Assets$1,878,064
Liabilities$166,139
Net Assets$1,711,925

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

2025

Revenue$5,415,550
Expenses$5,267,522
Net Income$148,028
Jump To
Filing Snapshot
Filing Period
Jul 1, 2024 to Jun 30, 2025
Signed
Nov 14, 2025
Return Version
2024v5.0
Gross Receipts
$5,461,588
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 47,376 elementary students across 11 states during the 2024-2025 academic year. This school year, book trust partnered with 159 book trust managers and 2,181 teachers in 159 schools, to engage students in book choice, ownership, and celebration of over 597,000 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$1,997,309$719,582▼ $1,277,727
Savings and Temporary Cash Investments-$540,643-
Pledges and Grants Receivable$57,127$514,656▲ $457,529
Accounts Receivable-$62,369-
Prepaid Expenses and Deferred Charges-$11,850-
Total Assets$2,079,743$1,878,064▼ $201,679
Other Assets Total$25,307$28,964▲ $3,657
Liabilities
Other Liabilities$350,000--
Accounts Payable and Accrued Expenses$128,346$101,142▼ $27,204
Deferred Revenue$37,500$64,997▲ $27,497
Total Liabilities$515,846$166,139▼ $349,707
Net Assets / Fund Balance
Net Assets With Donor Restrictions$252,012$1,362,304▲ $1,110,292
Net Assets Without Donor Restrictions$1,311,885$349,621▼ $962,264
Total Net Assets Fund Balance$1,563,897$1,711,925▲ $148,028
Total Liabilities and Net Assets / Fund Balance$2,079,743$1,878,064▼ $201,679
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Patience PeabodyPres/CEOFT$228,614$5,052$229,361
Rachelle FerrelliVP of CommunFT$143,568$13,434$157,002
Rachelle FerrelliVP of Communications-$143,568$9,129$157,002
Allison LeeVP of PrograFT$143,553$4,359$147,912
Deven JatkarSr. Director ofFT$115,320$229$115,549
Lisa FrankoAsst. of DevFT$103,858$8,498$112,356

Board Members and Trustees

NameTitle
Stacy KirklandBoard Chair
David PerezVice Chair
Darin AtteberryDirector
Dharmendra SahayDirector
Nicole RiehlDirector
Swati GokhaleDirector
Adrienne SchatzFounder/dire
Cheryl ZimlichSecretary
David DiehlTreasurer

Highest Paid Contractors

ContractorServicesLocationCompensation
Real Count LLCAccounting Serv309 S MAIN ST, Hailey, ID 83333$148,400
Revenue and Support

Revenue Composition

Contributions and Grants
$4,537,791
Program Service Revenue
$797,514
Investment Income
$80,245
Other Revenue
$0
All Other Contributions
$4,292,973
Change in Net Assets
$148,028

Noncash Contribution Practices

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

Noncash Contributions

Contribution TypeReported AmountValuation Method
Books and Publications$481,250Fair Market Value
Total Noncash Contributions$481,250-

Audited Revenue Reconciliation

Revenue per Audited Statements
$5,415,550
Total Revenue per Audited Statements
$5,415,550
Total Revenue per Form 990
$5,415,550
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$3,560,442
Salaries, Compensation, and Employee Benefits$1,640,480
Total Fundraising Expense$821,348
Professional Fundraising Fees$66,600
Grants and Similar Amounts Paid$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$581,976$108,843$480,631$1,171,450
Current Officers, Directors, Trustees, and Key Employees$64,765$112,740$62,367$239,872
Fees for Services Other$147,381$5,240$61,844$214,465
Fees for Services Accounting$177,064$6,249$24,997$208,310
Other Employee Benefits$49,829$11,112$55,852$116,793
Payroll Taxes$52,210$29,927$30,228$112,365
Fees for Services Professional Fundraising--$66,600$66,600
Information Technology$21,679$524$10,222$32,425
Travel$7,405$271$13,399$21,075
Advertising$9,217$635$6,994$16,846
Other Expenses$6,597$236$6,125$12,958
Insurance$5,918$209$835$6,962
Office Expenses$5,544$196$1,180$6,920
Fees for Services Legal$521$18$74$613
Total Functional Expenses$4,169,974$276,200$821,348$5,267,522

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$5,267,522
Total Expenses per Audited Statements$5,267,522
Total Expenses per Form 990$5,267,522
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
Yes

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$66,600
Fundraising Direct Expenses$46,038
Fundraising Gross Income$46,038

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Books on Tap$116,021$21,969$6,818$15,151
Hawaii$154,485$9,615$1,066$8,549
Total Events$290,856$46,038$46,038-
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, 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

Maine, maryland, michigan, minnesota, mississippi, north carolina, new hampshire, 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
Phone
7204589889
Signed
2025-11-14
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
218

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 47,376 elementary students across 11 states during the 2024-2025 academic year. This school year, book trust partnered with 159 book trust managers and 2,181 teachers in 159 schools, to engage students in book choice, ownership, and celebration of over 597,000 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 throughout the school year. In 2024-2025, 159 book trust managers and 2,022 teachers across 11 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 47,376 ELEMENTARY STUDENTS ACROSS 11 STATES DURING THE 2024-2025 ACADEMIC YEAR. THIS SCHOOL YEAR, BOOK TRUST PARTNERED WITH 159 BOOK TRUST MANAGERS AND 2,181 TEACHERS IN 159 SCHOOLS, TO ENGAGE STUDENTS IN BOOK CHOICE, OWNERSHIP, AND CELEBRATION OF OVER 597,000 NEW SCHOLASTIC BOOKS.
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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