Civic Intelligence

Books Aloud Inc

990 • Fiscal year 2019 • EIN 23-7317533

Jul 01, 2018 to Jun 30, 2019 • Filed on Sep 15, 2019

150 East San FernandoSan Jose, CA 95112

(408) 808-2613

Siviq Scores

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

Liabilities / Assets

84th percentile

0.23x

Higher debt load relative to assets than 84% of similar nonprofits.

2019 filings • 501(c)3 • <$500k nonprofits • Source year 2019

Liabilities / Revenue

78th percentile

0.06x

Higher debt load relative to revenue than 78% of similar nonprofits.

2019 filings • 501(c)3 • <$500k nonprofits • Source year 2019

Net Margin

18th percentile

-18%

Higher net margin than 18% of similar nonprofits.

2019 filings • 501(c)3 • <$500k nonprofits • Source year 2019

Top Officer Pay

90th percentile

$41,433

Higher top officer pay than 90% of similar nonprofits.

Top officer pay equals 18.2% of source-year revenue.

2019 filings • 501(c)3 • <$500k nonprofits • Source year 2019

Asset Growth

14th percentile

-34%

Faster asset growth than 14% of similar nonprofits.

2019 filings • 501(c)3 • <$500k nonprofits • Annualized from 2018 to 2019

Revenue Growth

17th percentile

-31%

Faster revenue growth than 17% of similar nonprofits.

2019 filings • 501(c)3 • <$500k nonprofits • Annualized from 2018 to 2019

Assets

Down

$55,804

Down $29,337 (-34%) from 2018

Net Assets

Down

$43,035

Down $40,411 (-48%) from 2018

Liabilities

Up

$12,769

Up $11,074 (+653%) from 2018

Revenue

Down

$228,028

Down $100,337 (-31%) from 2018

Expenses

Down

$268,443

Down $92,192 (-26%) from 2018

Net Income

Down

-$40,415

Down $8,145 (-25%) from 2018

Historical Trend

Balance Sheet Trend

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

$300K$200K$100K$0Assets 2013: $234,122Liabilities 2013: $0Net Assets 2013: $234,1222013Assets 2014: $173,346Liabilities 2014: $0Net Assets 2014: $173,3462014Assets 2015: $127,644Liabilities 2015: $0Net Assets 2015: $127,6442015Assets 2016: $158,845Liabilities 2016: $3,395Net Assets 2016: $155,4502016Assets 2017: $115,496Liabilities 2017: $223Net Assets 2017: $115,2732017Assets 2018: $85,141Liabilities 2018: $1,695Net Assets 2018: $83,4462018Assets 2019: $55,804Liabilities 2019: $12,769Net Assets 2019: $43,0352019Assets 2020: $45,775Liabilities 2020: $0Net Assets 2020: $45,7752020

Highlighted filing

2019

Assets$55,804
Liabilities$12,769
Net Assets$43,035

Operations Trend

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

$600K$400K$200K$0-$200KExpenses 2013: $387,8322013Revenue 2014: $352,890Expenses 2014: $413,666Net Income 2014: -$60,7762014Revenue 2015: $322,978Expenses 2015: $368,979Net Income 2015: -$46,0012015Revenue 2016: $373,794Expenses 2016: $369,584Net Income 2016: $4,2102016Revenue 2017: $338,069Expenses 2017: $377,800Net Income 2017: -$39,7312017Revenue 2018: $328,365Expenses 2018: $360,635Net Income 2018: -$32,2702018Revenue 2019: $228,028Expenses 2019: $268,443Net Income 2019: -$40,4152019Revenue 2020: $224,338Expenses 2020: $223,277Net Income 2020: $1,0612020

Highlighted filing

2019

Revenue$228,028
Expenses$268,443
Net Income-$40,415
Jump To
Filing Snapshot
Filing Period
Jul 1, 2018 to Jun 30, 2019
Signed
Sep 15, 2019
Return Version
2018v3.1
Gross Receipts
$236,843
Mission and Program Overview

Mission

Our mission is to improve the quality of life for people unable to benefit directly from the printed page, by providing a service to stimulate minds, stir emotions, and foster independence through our "reading by listening" program.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$58,705$44,795▼ $13,910
Cap Stk Tr Prin Current Funds$83,446$43,035▼ $40,411
Cash and Non-Interest-Bearing Accounts$16,089$10,908▼ $5,181
Prepaid Expenses and Deferred Charges$3,350$0▼ $3,350
Savings and Temporary Cash Investments$6,997$101▼ $6,896
Accounts Receivable-$0-
Other Notes and Loans Receivable, Net-$0-
Pledges and Grants Receivable-$0-
Receivable From Disqualified Prsn-$0-
Receivables From Officers Etc-$0-
Investments Other Securities-$0-
Investments Program Related-$0-
Investments in Publicly Traded Securities-$0-
Intangible Assets-$0-
Inventories for Sale or Use-$0-
Total Assets$85,141$55,804▼ $29,337
Other Assets Total-$0-
Liabilities
Other Liabilities$1,695$12,769▲ $11,074
Total Liabilities$1,695$12,769▲ $11,074
Net Assets / Fund Balance
Total Net Assets Fund Balance$83,446$43,035▼ $40,411
Total Liabilities and Net Assets / Fund Balance$85,141$55,804▼ $29,337

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$44,795$197,984$242,779
Compensation and Service Providers

Employees

NameTitleBaseTotal
Nancy ConsentinoExecutive Director$41,433$41,433
John LeventonDirector$21,427$21,427

Board Members and Trustees

NameTitle
Ed PansulloChairman
Barbara LedwellDirector
Steve CorneliusDirector
Bobbie DavisSecretary
Sharon SmithTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$205,097
Program Service Revenue
$0
Investment Income
$22
Other Revenue
$22,909
All Other Contributions
$205,097
Change in Net Assets
$-40,415

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 Table1$115,000Fair Market Value (FMV)
Total Noncash Contributions1$115,000-
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$152,513
Salaries, Compensation, and Employee Benefits$113,570
Total Fundraising Expense$15,659
Professional Fundraising Fees$2,360
Grants and Similar Amounts Paid$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Occupancy$104,476$5,804$5,804$116,084
Current Officers, Directors, Trustees, and Key Employees$56,574$3,143$3,143$62,860
Other Salaries and Wages$30,047$1,670$1,669$33,386
Depreciation Depletion$12,519$696$695$13,910
Other Employee Benefits$7,902$439$439$8,780
Payroll Taxes$7,690$427$427$8,544
Fees for Services Accounting$6,496$361$361$7,218
Insurance$3,479$194$193$3,866
Fees for Services Professional Fundraising--$2,360$2,360
Office Expenses$1,581$88$88$1,757
All Other Expenses$1,455$82$80$1,617
Other Expenses$1,058$59$58$1,175
Advertising$855$48$47$950
Total Functional Expenses$239,475$13,309$15,659$268,443
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$31,724
Fundraising Direct Expenses$8,815
Professional Fundraising Fees$2,360

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Annual Gala$31,724$31,724$8,815$22,909
Total Events$31,724$31,724$8,815$22,909
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Receivables from Disqualified Persons-$0-
Receivables from Officers, Directors, Trustees, and Key Employees-$0-
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Accrued Payroll$11,546
Payroll Tax Payable$1,223
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
No
Backup withholding compliance
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
No
Other officer compensation reviewed
No
Conflict-of-interest policy
No
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Line 11B: Form 990 Review Process

Presented to and reviewed by executive director prior to filing.

Form 990, Part VI, Line 19: Other Organization Documents Publicly Available

Governing documents, conflicts of interest policy and financial statements are available to anyone who contacts the organization.

Filing and Contact Details

Filer

Filer Name
Books Aloud Inc
EIN
23-7317533
Phone
4088082613
Address
150 EAST SAN FERNANDO, SAN JOSE, CA 95112

Signing Officer

Name
Nancy Consentino
Title
Executive Director
Signed
2019-09-15
Discuss with paid preparer
Yes

Organization Details

Formed
1973
Legal Domicile
CA
Voting Board Members
7
Independent Board Members
0
Employees
2

Preparer

Firm
John S Haydon CPA
Address
2021 The Alameda Suite 350a, SAN JOSE, CA 95126
Preparer
John S Haydon
Phone
4085058198
Supplemental Narrative

Additional Explanations

Other Changes In Net Assets Or Fund Balances - Other Increases

Miscellaneous adjustment. = $4

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IRS990/Desc0THE PROGRAM SERVICE ACTIVITY PROVIDED BY BOOKS ALOUD, INC. IS A FREE LENDING LIBRARY OF BOOKS RECORDED BY VOLUNTEER VOICES DIGITALLY AND TRANSFERRED ONTO CASSETTE TAPES, CDS, AND NOOK COLOR TABLETS FOR THOSE WHO CAN READ ONLY BY LISTENING, THE BLIND AND DISABLED. DURING THE FISCAL YEAR ENDED JUNE 30, 2016, 204 NEW RECORDED BOOK TITLES WERE ADDED TO THE LIBRARY. A SELECTION COMMITTEE OF VOLUNTEERS MET REGULARLY TO PLAN FOR EXCELLENCE IN BOOK MATERIAL. 3,934 ALBUMS WERE IN CIRCULATION DURING THIS FISCAL YEAR, PROVIDING AN AVEAGE OF 31,504 LISTENING HOURS PER MONTH. THE AVERAGE BOOK RECORDED BY VOLUNTEERS IS FROM 200 TO 400 PAGES AND TAKES ABOUT FOUR TO TWELVE CASSETTES TO RECORD. STAFF AND VOLUNTEERS DUPLICATE EACH MASTER TAPE, SO THAT MANY ALBUMS OF THE BOOK ARE AVAILABLE FOR CIRCULATION. TAPES OR CDS ARE MAILED OUT FOR 30 TO 90 DAYS TO A CLIENT. CLIENT FILES ARE MAINTAINED TO RECORD PREFERENCE TO TYPE OF BOOKS, BOOK REQUESTS AND OTHER INFORMATION IN ORDER TO SERVICE EACH CLIENT INDIVIDUALLY. IN ADDITION, MANY SCHOOLS, HOSPITALS AND SENIOR CITIZEN FACILITIES AND ORGANIZATIONS USE THESE SERVICES. THIS YEAR 76 MINI-SATELLITE LIBRARIES WERE SERVICED IN COLLABORATION WITH SENIOR HOMES AND 61 SPECIAL EDUCATION CLASSES IN SANTA CLARA COUNTY SCHOOL SYSTEMS. HOME DELIVERIES CONTINUE BY STAFF AND VOLUNTEERS USING PERSONAL DELIVERY VEHICLES. WHILE CLIENTS ARE MAINLY LOCATED IN CALIFORNIA [30%] OF THE RECORDED BOOKS ARE LOANED TO CLIENTS OUT-OF-STATE. THE LION CLUB'S MONTHLY MAGAZINE IS RECORDED AND SENT TO AN AVERAGE OF 68 BLIND MEMBERS OF LIONS CLUBS IN THE UNITED STATES, CANADA AND FOUR OTHER COUNTRIES. IN THIS FISCAL YEAR, THE VOLUNTEER VOICES ALSO RECORDED THE MANY COMMUNITY SERVICE MATERIALS FOR THE CITY OF SAN JOSE, THE COUNTY OF SANTA CLARA, VARIOUS COMMUNITY SERVICE ORGANIZATIONS AND ART AGENCIES FOR DISTRIBUTION TO BLIND AND DISABLED PERSONS. AN AVERAGE OF 63 VOLUNTEERS ASSIST THE STAFF EVERY MONTH WITH THE WORK OF THE PROGRAM, RANGING FROM CATALOGING, CIRCULATION, EDITING, REPAIR, MAILING AND MAKING LABELS IN BRAILE FOR THE CASSETTES AND ALBUMS. AN AVERAGE OF 67 INDIVIDUALS RECORD THE BOOKS, MAGAZINES AND CITY AND COUNTY INFORMATIONAL MATERIALS IN THE RECORDING BOOTH EVERY MONTH. PORTABLE TAPE PLAYERS ARE AVAILABLE TO LOAN TO CLIENTS. GOVERNMENT SUPPORT IS REALIZED BY THE PROVISIONS OF USPS FREE MATTER FOR THE BLIND MAILING AND THE USE OF OCCUPANCY AND DELIVERY BY THE SAN JOSE PUBLIC LIBRARY. THIS YEAR THE "SIGHT & SOUND" PROJECT WAS ENLARGED DUE TO REQUESTS FROM PARENTS AND TEACHERS OF THE LEARNING DISABLED AND DISLEXIC STUDENTS. THE AUDIO BOOK ALONG WITH THE PRINTED BOOK IS SENT TO THIS CLASSIFICATION OF CLIENTS, THEREBY INCREASING THEIR ABILITY OF BECOMING "READERS." WE CURRENTLY HAVE OVER 1,200 KITS. DUE TO THE AVAILABILITY OF COMMERCIALLY RECORDED AUDIO BOOKS, WE NOW HAVE AN EVEN GREATER NUMBER OF TITLES FOR OUR DISABLED CLIENTS. COMMERCIALLY RECORDED BOOKS HAVE BEEN DONATED TO BOOKS ALOUD, WHICH IN TURN, ARE ASSEMBLED AND PLACED IN THE COLLECTION AND AVAILABLE FOR DISTRIBUTION TO OUR CLLIENTS. THIS YEAR WE PLACED MORE COMMERCIALLY RECORDED ALBUMS IN OUR COLLECTION. WE ARE CONTINUING OUR PILOT PROGRAM OF PROVIDING OUR RECORDED BOOKS ON THE NOOK COLOR TABLET AND PLACED THEM IN SPECIAL NEEDS CLASSROOMS. FEEDBACK FROM THE TECHERS CONTINUES TO BE VERY ENCOURAGING AS THE STUDENTS ARE EXCITED TO BE ABLE TO HAVE CURRENT TECHNOLOGY IN THE CLASSROOMS.
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IRS990/OtherExpensesGrp/Desc1Printing and Publications
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IRS990/OtherExpensesGrp/Desc3DUES & SUBSCRIPTIONS
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IRS990/OtherExpensesGrp/ProgramServicesAmt21307
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IRS990/OtherExpensesGrp/TotalAmt31175
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IRS990/PYOtherRevenueAmt018486
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IRS990/PYSalariesCompEmpBnftPaidAmt0192972
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IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
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IRS990ScheduleG/FundraisingEventInformationGrp/OtherDirectExpensesEvent1Amt08815
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IRS990ScheduleM/AnyPropertyThatMustBeHeldInd0false
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0PRESENTED TO AND REVIEWED BY EXECUTIVE DIRECTOR PRIOR TO FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1GOVERNING DOCUMENTS, CONFLICTS OF INTEREST POLICY AND FINANCIAL STATEMENTS ARE AVAILABLE TO ANYONE WHO CONTACTS THE ORGANIZATION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2MISCELLANEOUS ADJUSTMENT. = $4
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Line 11b: Form 990 Review Process
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Line 19: Other Organization Documents Publicly Available
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Other Changes In Net Assets Or Fund Balances - Other Increases
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IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/StatesWhereCopyOfReturnIsFldCd0CA
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IRS990/SubjectToProxyTaxInd0false
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IRS990/TaxableDistributionsInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
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IRS990/TerminateOperationsInd0false
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IRS990/TotalAssetsEOYAmt055804
IRS990/TotalAssetsGrp/BOYAmt085141
IRS990/TotalAssetsGrp/EOYAmt055804

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