Civic Intelligence

Make Way for Books

990 • Fiscal year 2022 • EIN 31-1583036

Jul 01, 2021 to Jun 30, 2022 • Filed on Nov 10, 2022

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

62nd percentile

0.14x

Higher debt load relative to assets than 62% of similar nonprofits.

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

Liabilities / Revenue

59th percentile

0.13x

Higher debt load relative to revenue than 59% of similar nonprofits.

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

Net Margin

64th percentile

15%

Higher net margin than 64% of similar nonprofits.

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

Top Officer Pay

69th percentile

$100,470

Higher top officer pay than 69% of similar nonprofits.

Top officer pay equals 3.7% of source-year revenue.

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

Asset Growth

54th percentile

2.9%

Faster asset growth than 54% of similar nonprofits.

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

Revenue Growth

76th percentile

36%

Faster revenue growth than 76% of similar nonprofits.

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

Assets

Up

$2,670,198

Up $365,169 (+16%) from 2020

Net Assets

Up

$2,306,684

Up $523,246 (+29%) from 2020

Liabilities

Down

$363,514

Down $158,077 (-30%) from 2020

Revenue

Up

$2,705,326

Up $861,526 (+47%) from 2020

Expenses

Up

$2,290,923

Up $304,516 (+15%) from 2020

Net Income

Up

$414,403

Up $557,010 (+391%) 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 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

2022

Assets$2,670,198
Liabilities$363,514
Net Assets$2,306,684

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 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

2022

Revenue$2,705,326
Expenses$2,290,923
Net Income$414,403
Jump To
Filing Snapshot
Filing Period
Jul 1, 2021 to Jun 30, 2022
Signed
Nov 10, 2022
Return Version
2021v4.2
Gross Receipts
$2,705,326
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
Land, Buildings, and Equipment, Net$1,162,588$1,136,984▼ $25,604
Savings and Temporary Cash Investments$1,214,086$800,446▼ $413,640
Cash and Non-Interest-Bearing Accounts$72,758$561,740▲ $488,982
Pledges and Grants Receivable$103,096$161,196▲ $58,100
Prepaid Expenses and Deferred Charges$14,051$2,472▼ $11,579
Total Assets$2,594,410$2,670,198▲ $75,788
Other Assets Total$27,831$7,360▼ $20,471
Liabilities
Other Liabilities$651,688$284,828▼ $366,860
Accounts Payable and Accrued Expenses$50,441$78,686▲ $28,245
Total Liabilities$702,129$363,514▼ $338,615
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$1,523,463$1,632,885▲ $109,422
Net Assets With Donor Restrictions$368,818$673,799▲ $304,981
Total Net Assets Fund Balance$1,892,281$2,306,684▲ $414,403
Total Liabilities and Net Assets / Fund Balance$2,594,410$2,670,198▲ $75,788

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$886,371$222,875$1,109,246
Land$240,000-$240,000
Equipment$8,113$35,624$43,737
Other Land Buildings$2,500$28,188$30,688
Other Assets Org$1,706--
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Jenny VolpeCEOFT$93,970$6,500$100,470
Ally BaehrChief Operating OfficeFT$67,961-$67,961

Board Members and Trustees

Revenue and Support

Revenue Composition

Contributions and Grants
$2,701,590
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$3,736
All Other Contributions
$1,871,641
Change in Net Assets
$414,403

Audited Revenue Reconciliation

Revenue per Audited Statements
$2,705,326
Total Revenue per Audited Statements
$2,705,326
Total Revenue per Form 990
$2,705,326
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$1,372,184
Other Expenses$918,739
Total Fundraising Expense$102,293
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$899,561$99,587$54,864$1,054,012
Current Officers, Directors, Trustees, and Key Employees$95,161$10,535$5,804$111,500
Fees for Services Other$80,411$23,772$1,195$105,378
Other Employee Benefits$80,000$12,421$4,598$97,019
Fees for Services Accounting$8,194$85,481-$93,675
Payroll Taxes$72,129$5,219$7,764$85,112
Office Expenses$49,422$8,925$8,740$67,087
Depreciation Depletion$45,958$5,018$1,849$52,825
Pension Plan Contributions$20,086$2,715$1,740$24,541
All Other Expenses$18,196$2,182$3,387$23,765
Occupancy$17,356$1,896$698$19,950
Insurance$16,458$1,797$662$18,917
Advertising$1,265$4$10,638$11,907
Travel$3,308$4,379$56$7,743
Other Expenses$430$586$298$430
Total Functional Expenses$1,924,113$264,517$102,293$2,290,923

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$2,290,923
Total Expenses per Audited Statements$2,290,923
Total Expenses per Form 990$2,290,923
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
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$284,828
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
2022-11-10
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Karyn Prechtel-Altman
Formed
1998
Legal Domicile
Az
Voting Board Members
12
Independent Board Members
12
Employees
40
Volunteers
85

Preparer

Firm
Jennifer J Phillips CPA PLLC
Address
4911 N Camino Luz, Tucson, AZ 85718
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:As a result of the program, 98% of educators gained skills, confidence, strategies, and resources to better support young children in their care. In 2021-22, the program served nearly 6,000 young children, their parents, and more than 550 educators through our professional development programming and services. More than 18,000 quality books were provided to childrens classrooms and homes through this programming. As a result of programming, 95% of early education sites became more literacy rich. MWFB has impacted thousands of children, families, and educators through southern Arizona through this strategy for more than 24 years. Make Way for Books Family Education and Literacy Programs, continued:These programs feature a strong parent engagement focus, empowering parents with skills and resources to support their childrens literacy development. 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 gained skills, confidence, and tools to support their childrens early development. In 2021-22, our Family Education and Literacy Strategy provided a variety of programs that impacted more than 22,000 young children and families. More than 23,000 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 tax returns 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/Form990PartVIISectionAGrp/PersonNm3Stephanie Pearmain
IRS990/Form990PartVIISectionAGrp/PersonNm4Genny Matteuci
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IRS990/Form990PartVIISectionAGrp/PersonNm11Patricia Clay
IRS990/Form990PartVIISectionAGrp/PersonNm12David Lovitt
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IRS990/ProgSrvcAccomActy2Grp/Desc0Make Way for Books Family Education and Literacy Programs:The majority of young children (ages birth to five) in Arizona do not have access to high-quality early education. Make Way for Books provides access to high-quality, bilingual (English/Spanish) early literacy education through programs that meet families with young children in high-need locations including community sites and neighborhood elementary schools as well as online. All programs in this strategy work to increase childrens and families access to books. Through Family Education and Literacy programs, children experience shared reading and literacy activities that help to build their critical emergent literacy and language skills as well as social emotional skills and positive approaches to reading. Through a two-generation approach, children and parents learn together. (Continued on Schedule O).
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