Civic Intelligence

Make Way for Books

990 • Fiscal year 2024 • EIN 31-1583036

Jul 01, 2023 to Jun 30, 2024 • Filed on Oct 01, 2024

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

75th percentile

0.29x

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

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

Liabilities / Revenue

76th percentile

0.35x

Higher debt load relative to revenue than 76% of similar nonprofits.

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

Net Margin

62nd percentile

11%

Higher net margin than 62% of similar nonprofits.

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

Top Officer Pay

76th percentile

$124,425

Higher top officer pay than 76% of similar nonprofits.

Top officer pay equals 3.6% of source-year revenue.

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

Asset Growth

89th percentile

43%

Faster asset growth than 89% of similar nonprofits.

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

Revenue Growth

62nd percentile

17%

Faster revenue growth than 62% of similar nonprofits.

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

Assets

Up

$4,137,497

Up $1,467,299 (+55%) from 2022

Net Assets

Up

$2,921,577

Up $614,893 (+27%) from 2022

Liabilities

Up

$1,215,920

Up $852,406 (+234%) from 2022

Revenue

Up

$3,462,625

Up $757,299 (+28%) from 2022

Expenses

Up

$3,078,770

Up $787,847 (+34%) from 2022

Net Income

Down

$383,855

Down $30,548 (-7.4%) from 2022

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$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 2024: $4,137,497Liabilities 2024: $1,215,920Net Assets 2024: $2,921,5772024Assets 2025: $3,306,368Liabilities 2025: $173,744Net Assets 2025: $3,132,6242025

Highlighted filing

2024

Assets$4,137,497
Liabilities$1,215,920
Net Assets$2,921,577

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 2024: $3,462,625Expenses 2024: $3,078,770Net Income 2024: $383,8552024Revenue 2025: $3,708,485Expenses 2025: $3,501,014Net Income 2025: $207,4712025

Highlighted filing

2024

Revenue$3,462,625
Expenses$3,078,770
Net Income$383,855
Jump To
Filing Snapshot
Filing Period
Jul 1, 2023 to Jun 30, 2024
Signed
Oct 1, 2024
Return Version
2023v5.1
Gross Receipts
$3,462,625
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
Cash and Non-Interest-Bearing Accounts$239,964$1,498,259▲ $1,258,295
Land, Buildings, and Equipment, Net$1,105,019$1,125,068▲ $20,049
Savings and Temporary Cash Investments$923,386$1,013,144▲ $89,758
Pledges and Grants Receivable$537,116$391,498▼ $145,618
Prepaid Expenses and Deferred Charges$4,908$18,501▲ $13,593
Total Assets$2,885,092$4,137,497▲ $1,252,405
Other Assets Total$74,699$91,027▲ $16,328
Liabilities
Other Liabilities$216,678$1,024,234▲ $807,556
Accounts Payable and Accrued Expenses$130,692$191,686▲ $60,994
Total Liabilities$347,370$1,215,920▲ $868,550
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$1,971,253$2,274,484▲ $303,231
Net Assets With Donor Restrictions$566,469$647,093▲ $80,624
Total Net Assets Fund Balance$2,537,722$2,921,577▲ $383,855
Total Liabilities and Net Assets / Fund Balance$2,885,092$4,137,497▲ $1,252,405

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$872,372$283,665$1,156,037
Land$240,000-$240,000
Equipment$12,696$43,763$56,459
Other Land Buildings-$28,188$28,188
Other Assets Org$85,373--
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Yissel SalafskyCEO-$123,651$774$124,425
Melinda EnglertInterim CEOFT$59,829$9,321$69,150

Board Members and Trustees

Revenue and Support

Revenue Composition

Contributions and Grants
$3,449,604
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$13,021
All Other Contributions
$2,363,905
Change in Net Assets
$383,855

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$34,288fair market value
Total Noncash Contributions$34,288-

Audited Revenue Reconciliation

Revenue per Audited Statements
$3,462,625
Revenue Not Reported on Form 990
$89,050
Total Revenue per Audited Statements
$3,551,675
Total Revenue per Form 990
$3,462,625
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$1,867,687
Other Expenses$1,211,083
Total Fundraising Expense$207,505
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$1,136,073$234,615$83,554$1,454,242
Fees for Services Other$83,036$36,853$45,926$165,815
Current Officers, Directors, Trustees, and Key Employees$117,985$24,366$8,677$151,028
Payroll Taxes$92,154$22,285$6,960$121,399
Other Employee Benefits$97,125$12,649$3,318$113,092
Office Expenses$77,522$10,842$8,057$96,421
Fees for Services Accounting$15,502$67,063$10,978$93,543
Travel$69,327$1,736$1,150$72,213
Depreciation Depletion$44,505$5,108$3,261$52,874
All Other Expenses$20,343$1,483$10,674$32,500
Pension Plan Contributions$15,263$11,645$1,018$27,926
Occupancy$23,298$2,890$1,615$27,803
Advertising$219$1,777$15,733$17,729
Insurance$14,501$1,664$1,063$17,228
Other Expenses$466$2,801$337$803
Total Functional Expenses$2,433,488$437,777$207,505$3,078,770

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$3,167,820
Expenses per Audited Statements$3,078,770
Total Expenses per Form 990$3,078,770
Expenses Not Reported on Form 990$89,050
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$1,024,234
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

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
David Lovitt
Title
President
Phone
5203986451
Signed
2024-10-01
Discuss with paid preparer
Yes

Organization Details

Principal Officer
David Lovitt
Formed
1998
Legal Domicile
Az
Voting Board Members
15
Independent Board Members
15
Employees
37
Volunteers
82

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 2023-24, the program served more than 7,000 young children, their parents, and more than 550 educators through our professional development programming and services. More than 21,000 quality books were provided to childrens classrooms and homes through this programming. As a result of programming, 99% 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 25 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 92% of children made gains in literacy skills and 99% of parents/caregivers gained skills, confidence, and tools to support their childrens early development. In 2023-24, our Family Education and Literacy Strategy provided a variety of programs that impacted more than 23,500 young children and families. More than 33,500 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/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, home-based care providers, families, and children enrolled at under-resourced preschools, childcare centers, and home-based care settings throughout southern Arizona. The program provides coaching and workshops for educators as well as high-quality books and literacy resources for educators and children to access in early care settings and at home. Through increased access to books and daily exposure to meaningful literacy activities, 98% 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(Continued on Schedule O)
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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
2024Detailed filing. Detailed filing data is available for this year.$4.14$1.22$2.92$3.46$3.08$0.38
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
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