Civic Intelligence

Make Way for Books

990 • Fiscal year 2021 • EIN 31-1583036

Jul 01, 2020 to Jun 30, 2021 • Filed on Nov 08, 2021

700 N Stone AveTucson, AZ 85705

(520) 398-6451

Siviq Scores

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

Liabilities / Assets

73rd percentile

0.27x

Higher debt load relative to assets than 73% of similar nonprofits.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2021

Liabilities / Revenue

75th percentile

0.35x

Higher debt load relative to revenue than 75% of similar nonprofits.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2021

Net Margin

37th percentile

5.5%

Higher net margin than 37% of similar nonprofits.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2021

Top Officer Pay

69th percentile

$97,733

Higher top officer pay than 69% of similar nonprofits.

Top officer pay equals 4.9% of source-year revenue.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2021

Asset Growth

56th percentile

13%

Faster asset growth than 56% of similar nonprofits.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2020 to 2021

Revenue Growth

45th percentile

8.0%

Faster revenue growth than 45% of similar nonprofits.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2020 to 2021

Assets

Up

$2,594,410

Up $289,381 (+13%) from 2020

Net Assets

Up

$1,892,281

Up $108,843 (+6.1%) from 2020

Liabilities

Up

$702,129

Up $180,538 (+35%) from 2020

Revenue

Up

$1,991,188

Up $147,388 (+8.0%) from 2020

Expenses

Down

$1,882,345

Down $104,062 (-5.2%) from 2020

Net Income

Up

$108,843

Up $251,450 (+176%) from 2020

Historical Trend

Balance Sheet Trend

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

$4.0M$3.0M$2.0M$1.0M$0Assets 2012: $234,796Liabilities 2012: $73,640Net Assets 2012: $161,1562012Assets 2013: $306,351Liabilities 2013: $88,004Net Assets 2013: $218,3472013Assets 2014: $318,590Liabilities 2014: $14,580Net Assets 2014: $304,0102014Assets 2015: $1,823,805Liabilities 2015: $593,795Net Assets 2015: $1,230,0102015Assets 2016: $1,709,145Liabilities 2016: $157,896Net Assets 2016: $1,551,2492016Assets 2017: $1,875,124Liabilities 2017: $148,431Net Assets 2017: $1,726,6932017Assets 2018: $1,900,363Liabilities 2018: $50,269Net Assets 2018: $1,850,0942018Assets 2019: $2,269,564Liabilities 2019: $343,519Net Assets 2019: $1,926,0452019Assets 2020: $2,305,029Liabilities 2020: $521,591Net Assets 2020: $1,783,4382020Assets 2021: $2,594,410Liabilities 2021: $702,129Net Assets 2021: $1,892,2812021Assets 2022: $2,670,198Liabilities 2022: $363,514Net Assets 2022: $2,306,6842022Assets 2025: $3,306,368Liabilities 2025: $173,744Net Assets 2025: $3,132,6242025

Highlighted filing

2021

Assets$2,594,410
Liabilities$702,129
Net Assets$1,892,281

Operations Trend

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

$4.0M$3.0M$2.0M$1.0M$0-$1.0MExpenses 2012: $579,1862012Expenses 2013: $655,0332013Revenue 2014: $619,148Expenses 2014: $582,215Net Income 2014: $36,9332014Revenue 2015: $1,837,943Expenses 2015: $911,943Net Income 2015: $926,0002015Revenue 2016: $1,453,982Expenses 2016: $1,132,743Net Income 2016: $321,2392016Revenue 2017: $1,401,901Expenses 2017: $1,226,457Net Income 2017: $175,4442017Revenue 2018: $1,458,564Expenses 2018: $1,335,163Net Income 2018: $123,4012018Revenue 2019: $1,678,948Expenses 2019: $1,602,997Net Income 2019: $75,9512019Revenue 2020: $1,843,800Expenses 2020: $1,986,407Net Income 2020: -$142,6072020Revenue 2021: $1,991,188Expenses 2021: $1,882,345Net Income 2021: $108,8432021Revenue 2022: $2,705,326Expenses 2022: $2,290,923Net Income 2022: $414,4032022Revenue 2025: $3,708,485Expenses 2025: $3,501,014Net Income 2025: $207,4712025

Highlighted filing

2021

Revenue$1,991,188
Expenses$1,882,345
Net Income$108,843
Jump To
Filing Snapshot
Filing Period
Jul 1, 2020 to Jun 30, 2021
Signed
Nov 8, 2021
Return Version
2020v4.1
Gross Receipts
$1,991,188
Mission and Program Overview

Mission

The mission of Make Way for Books is to give all children the chance to read and succeed.

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$771,971$1,214,086▲ $442,115
Land, Buildings, and Equipment, Net$1,196,429$1,162,588▼ $33,841
Pledges and Grants Receivable$180,674$103,096▼ $77,578
Cash and Non-Interest-Bearing Accounts$97,768$72,758▼ $25,010
Prepaid Expenses and Deferred Charges$9,884$14,051▲ $4,167
Total Assets$2,305,029$2,594,410▲ $289,381
Other Assets Total$48,303$27,831▼ $20,472
Liabilities
Other Liabilities$393,770$651,688▲ $257,918
Accounts Payable and Accrued Expenses$127,821$50,441▼ $77,380
Total Liabilities$521,591$702,129▲ $180,538
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$1,418,276$1,523,463▲ $105,187
Net Assets With Donor Restrictions$365,162$368,818▲ $3,656
Total Net Assets Fund Balance$1,783,438$1,892,281▲ $108,843
Total Liabilities and Net Assets / Fund Balance$2,305,029$2,594,410▲ $289,381

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$916,504$192,739$1,109,243
Land$240,000-$240,000
Equipment$6,084$33,406$39,490
Other Land Buildings-$28,188$28,188
Other Assets Org$22,177--
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Jenny VolpeCEOFT$91,233$6,500$97,733

Board Members and Trustees

Revenue and Support

Revenue Composition

Contributions and Grants
$1,988,497
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$2,691
All Other Contributions
$1,340,685
Change in Net Assets
$108,843

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,991,188
Total Revenue per Audited Statements
$1,991,188
Total Revenue per Form 990
$1,991,188
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$1,345,548
Other Expenses$536,797
Total Fundraising Expense$101,246
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$884,047$103,022$62,282$1,049,351
Current Officers, Directors, Trustees, and Key Employees$80,035$9,327$5,638$95,000
Payroll Taxes$72,943$8,501$5,139$86,583
Other Employee Benefits$73,292$7,786$4,667$85,745
Other Expenses$65,390$2,306$89$67,785
Depreciation Depletion$45,757$5,332$3,224$54,313
Office Expenses$23,176$20,058$10,876$54,110
Fees for Services Other$50,443$2,136$222$52,801
Pension Plan Contributions$24,322$2,834$1,713$28,869
Occupancy$14,085$1,642$992$16,719
Insurance$10,935$1,275$770$12,980
All Other Expenses$5,701$1,999$2,262$9,962
Fees for Services Accounting-$8,019-$8,019
Advertising$479$1,304$3,372$5,155
Travel$967$91-$1,058
Total Functional Expenses$1,602,964$178,135$101,246$1,882,345

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$1,882,345
Total Expenses per Audited Statements$1,882,345
Total Expenses per Form 990$1,882,345
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$218
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Refundable advances$651,688
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
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Officer directors etc family relationship Part VI line 2

Two board members (Mary Jan and Paul Bancroft) are married.

Form 990 governing body review Part VI line 11

The 990 is reviewed by the Executive Director, the Finance Manager, the Board President, and the Treasurer prior to its filing.

Conflict of interest policy compliance Part VI line 12C

The organization adopted a conflict of interest policy that requires board and staff to review, no less frequently than annually, any potential conflicts of interest. No potential conflicts have been identified. Should a potential conflict arise, the governing body will evaluate and determine the appropriate course of action.

CEO executive director top management comp Part VI line 15A

The Board uses Forms 990 from other similarly sized organizations when establishing the compensation of the CEO. The full board approves the CEOs compensation package on an annual basis.

Governing documents etc available to public Part VI line 19

Upon request, the organizations governing documents and financial statements may be viewed at the organizations office.

Filing and Contact Details

Filer

Filer Name
Make Way For Books
EIN
31-1583036
Address
700 N Stone Ave, Tucson, AZ 85705

Signing Officer

Name
Karyn Prechtel-Altman
Title
President
Phone
5203986451
Signed
2021-11-08
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Karyn Prechtel-Altman
Formed
1998
Legal Domicile
Az
Voting Board Members
13
Independent Board Members
13
Employees
32
Volunteers
62

Preparer

Firm
Jennifer J Phillips CPA PLLC
Address
PO Box 17257, Tucson, AZ 85731
Preparer
Jennifer J Phillips
Phone
5202477087
Supplemental Narrative

Additional Explanations

General explanation attachment

Statement of Program Accomplishments, continued:Make Way for Books Professional Development Programs (The Story Project and Cuntame), continued:In 2020-21, the program served nearly 6,000 young children, their parents, and nearly 400 educators through our professional development programming and services. More than 16,500 quality books childrens classrooms and homes through this programming. Make Way for Books has impacted thousands of children, families, and educators through southern Arizona through this strategy for more than 23 years. Make Way for Books Family Education and Literacy Programs, continued:Programs provide engaging family literacy activities, regular access to high-quality books, and parent education. As a result, last year 99% of children made gains in literacy skills and 99% of parents/caregivers gain skills, confidence, and tools to support their childrens early development. In 2020-21, our Family Education and Literacy Strategy provided a variety of programs that impacted more than 12,000 young children and families. More than 15,000 books were distributed to families through these programs.

Financial Statement Notes

Footnote for uncertain tax position under FIN 48 (Part X)

Management of MWFB considers the likelihood of changes by taxing authorities in its filed taxreturns and recognizes a liability for or discloses potential significant changes if management believes it is more likely than not for a change to occur, including changes to the organizations status as a not-for-profit entity. Management believes that MWFB met the requirements to maintain its tax-exempt status and has no income subject to unrelated business income tax, therefore, no provision for income taxes has been provided in these financial statements.

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IRS990/MissionDesc0The mission of Make Way for Books is to give all children the chance to read and succeed.
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IRS990/OtherExpensesGrp/Desc0Books
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IRS990/PrincipalOfficerNm0Karyn Prechtel-Altman
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgSrvcAccomActy2Grp/Desc0Make Way for Books Professional Development Programs (The Story Project and Cuntame):This comprehensive early literacy strategy provides economically-disadvantaged children (ages birth to 5) with opportunities to discover the joy of books and develop early literacy skills. The program serves early childhood educators and home-based care providers, families, and children enrolled at under-resourced preschools, childcare centers, and home-based care settings throughout southern Arizona. Through increased access to books and daily exposure to meaningful literacy activities, 97% of children gained emergent literacy and language skills. Participating educators and parents learn strategies to share books to support their childs literacy and language development. As a result of the program, 99% of educators gained skills, confidence, and strategies to better support young children in their care. (Continued on Schedule O)
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IRS990ScheduleD/RevenueSubtotalAmt01991188
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0Management of MWFB considers the likelihood of changes by taxing authorities in its filed taxreturns and recognizes a liability for or discloses potential significant changes if management believes it is more likely than not for a change to occur, including changes to the organizations status as a not-for-profit entity. Management believes that MWFB met the requirements to maintain its tax-exempt status and has no income subject to unrelated business income tax, therefore, no provision for income taxes has been provided in these financial statements.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0Footnote for uncertain tax position under FIN 48 (Part X)
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Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$3.31$0.17$3.13$3.71$3.50$0.21
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.67$0.36$2.31$2.71$2.29$0.41
2021Detailed filing. Detailed filing data is available for this year.$2.59$0.70$1.89$1.99$1.88$0.11
2020Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.31$0.52$1.78$1.84$1.99$0.14
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.27$0.34$1.93$1.68$1.60$0.08
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.90$0.05$1.85$1.46$1.34$0.12
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.88$0.15$1.73$1.40$1.23$0.18
2016Detailed filing. Detailed filing data is available for this year.$1.71$0.16$1.55$1.45$1.13$0.32
2015Detailed filing. Detailed filing data is available for this year.$1.82$0.59$1.23$1.84$0.91$0.93
2014Detailed filing. Detailed filing data is available for this year.$0.32$0.01$0.30$0.62$0.58$0.04
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.31$0.09$0.22$0.66
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.23$0.07$0.16$0.58