Liabilities / Assets
45th percentile
Higher debt load relative to assets than 45% of similar nonprofits.
EIN 46-0799191 • 501(c)3 • New York, NY
Profile
To enhance child literacy in disadvantaged communities by empowering third-grade children enrolled in title i new york city public schools to select, purchase, and read their very own books.
Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.
Liabilities / Assets
45th percentile
Higher debt load relative to assets than 45% of similar nonprofits.
Liabilities / Revenue
59th percentile
Higher debt load relative to revenue than 59% of similar nonprofits.
Net Margin
74th percentile
Higher net margin than 74% of similar nonprofits.
Top Officer Pay
Score unavailable
No filing with officer rows is available for this organization yet.
Asset Growth
66th percentile
Faster asset growth than 66% of similar nonprofits.
Revenue Growth
64th percentile
Faster revenue growth than 64% of similar nonprofits.
Assets
Up$869,530
Up $77,537 (+9.8%) from 2024
Liabilities
Up$7,544
Up $1,943 (+35%) from 2024
Net Assets
Up$861,986
Up $75,594 (+9.6%) from 2024
Revenue
Up$187,808
Up $1,455 (+0.8%) from 2024
Expenses
Up$147,995
Up $12,670 (+9.4%) from 2024
Net Income
Down$39,813
Down $11,215 (-22%) from 2024
Most recent year
2025 • Form 990Facts available. Structured filing facts are available, but richer extracted sections are limited.
To foster a love of reading by empowering children in need to select, purchase and read their very own books.
To foster a love of reading by empowering children in need to select purchase and read their very own books
| Line | Beginning | End | Change |
|---|---|---|---|
| Assets | |||
| Investments in Publicly Traded Securities | $739,964 | $800,667 | ▲ $60,703 |
| Cash and Non-Interest-Bearing Accounts | $52,029 | $54,786 | ▲ $2,757 |
| Land, Buildings, and Equipment, Net | - | $13,821 | - |
| Prepaid Expenses and Deferred Charges | - | $256 | - |
| Total Assets | $791,993 | $869,530 | ▲ $77,537 |
| Liabilities | |||
| Accounts Payable and Accrued Expenses | $5,601 | $7,544 | ▲ $1,943 |
| Total Liabilities | $5,601 | $7,544 | ▲ $1,943 |
| Net Assets / Fund Balance | |||
| Net Assets Without Donor Restrictions | $786,392 | $861,986 | ▲ $75,594 |
| Total Net Assets Fund Balance | $786,392 | $861,986 | ▲ $75,594 |
| Total Liabilities and Net Assets / Fund Balance | $791,993 | $869,530 | ▲ $77,537 |
| Asset | Book Value | Depreciation | Basis |
|---|---|---|---|
| Other Land Buildings | $13,821 | $2,304 | $16,125 |
| Name | Title |
|---|---|
| Vincent Brancato | President |
| Judy Pless | Vice President |
| Chris Bernhardt | Director |
| Marjorie Freeman Harrison | Director |
| Sandra Freeman | Director |
| Deedee Friedman | Director of Finance |
| Daria Rigney | Secretary Ended112024 |
| Joan Dichter | Secretary Start112024 |
| Kenneth Freeman | Treasurer |
| Line Item | Amount |
|---|---|
| Other Expenses | $147,995 |
| Grants and Similar Amounts Paid | $0 |
| Professional Fundraising Fees | $0 |
| Salaries, Compensation, and Employee Benefits | $0 |
| Total Fundraising Expense | $0 |
| Line Item | Program | Management | Fundraising | Total |
|---|---|---|---|---|
| Other Expenses | $30,265 | $11,770 | - | $42,035 |
| Fees for Services Accounting | - | $9,087 | - | $9,087 |
| Depreciation Depletion | - | $2,304 | - | $2,304 |
| Insurance | - | $878 | - | $878 |
| Office Expenses | - | $854 | - | $854 |
| Information Technology | - | $720 | - | $720 |
| Total Functional Expenses | $121,618 | $26,377 | $0 | $147,995 |
| Line Item | Amount |
|---|---|
| Professional Fundraising Fees | $0 |
“Kenneth Freeman,Marjorie Freeman Harrison,Sandra Freeman-FamilyRelationship”
“The 990 is prepared by the accountants, reviewed by the President and”
“Director of Finance & shared with all board members before filing”
“All directors must file a written disclosurer statement annually”
“Upon written or oral request, president furnishes all relevant documents.”
“By empowering third-grade children enrolled in title i new york city public”
“Schools to select, purchase, and read their very own books”
“Rest on the shoulders of many volunteers. In fiscal year 2024-2025, over 50”
“Volunteers brought the program to 37 title 1 schools in all five boroughs”
“Of new york city, meeting with administrators and teachers before entering”
“The classroom. They explained to approximately 2,500 students that they”
“And their teachers would go on a class outing to a bookstore along with the”
“Mobf volunteers. Each student could choose up to $60 worth of books for”
“Himself/herself. The volunteers returned to the classroom about a month”
“After the bookstore visit for a final meeting with the third-graders and”
“Discussed the books they had read since the trip and wished them well.”
“If you are interested in our program, whether to volunteer of financially”
“Support our efforts, please feel free to reach out to our president”
“Vincent brancato, at (203) 586-8171 or our vice presedent”
“Judy pless, at (917)715-8282.”
This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.
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| IRS990/Desc | 0 | Research consistently shows that students who read at or above grade level by the end of third grade have a greater chance of being productive and contributing to society. The mission of My Own Book Fund (MOBF) is to improve child literacy in disadvantaged communities by empowering third-grade children in Title I New York City public schools to select books to start or grow their own libraries. This initiative aims to ensure that each child has the opportunity to advance in reading at or beyond the third-grade level by the end of of the school year. While the success and reputation of MOBF are attributed to its founder Burt Freeman, and his family, the programs acceptance and achievement |
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| IRS990/MissionDesc | 0 | TO ENHANCE CHILD LITERACY IN DISADVANTAGED COMMUNITIES BY EMPOWERING THIRD-GRADE CHILDREN ENROLLED IN TITLE I NEW YORK CITY PUBLIC SCHOOLS TO SELECT, PURCHASE, AND READ THEIR VERY OWN BOOKS. |
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| IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State | 0 | RESTRICTED |
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| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 0 | Kenneth Freeman,Marjorie Freeman Harrison,Sandra Freeman-FamilyRelationship |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 1 | The 990 is prepared by the accountants, reviewed by the President and |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 2 | Director of Finance & shared with all board members before filing |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 3 | All directors must file a written disclosurer statement annually |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 4 | Upon written or oral request, president furnishes all relevant documents. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 5 | BY EMPOWERING THIRD-GRADE CHILDREN ENROLLED IN TITLE I NEW YORK CITY PUBLIC |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 6 | SCHOOLS TO SELECT, PURCHASE, AND READ THEIR VERY OWN BOOKS |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 7 | REST ON THE SHOULDERS OF MANY VOLUNTEERS. IN FISCAL YEAR 2024-2025, OVER 50 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 8 | VOLUNTEERS BROUGHT THE PROGRAM TO 37 TITLE 1 SCHOOLS IN ALL FIVE BOROUGHS |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 9 | OF NEW YORK CITY, MEETING WITH ADMINISTRATORS AND TEACHERS BEFORE ENTERING |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 10 | THE CLASSROOM. THEY EXPLAINED TO APPROXIMATELY 2,500 STUDENTS THAT THEY |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 11 | AND THEIR TEACHERS WOULD GO ON A CLASS OUTING TO A BOOKSTORE ALONG WITH THE |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 12 | MOBF VOLUNTEERS. EACH STUDENT COULD CHOOSE UP TO $60 WORTH OF BOOKS FOR |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 13 | HIMSELF/HERSELF. THE VOLUNTEERS RETURNED TO THE CLASSROOM ABOUT A MONTH |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 14 | AFTER THE BOOKSTORE VISIT FOR A FINAL MEETING WITH THE THIRD-GRADERS AND |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 15 | DISCUSSED THE BOOKS THEY HAD READ SINCE THE TRIP AND WISHED THEM WELL. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 16 | IF YOU ARE INTERESTED IN OUR PROGRAM, WHETHER TO VOLUNTEER OF FINANCIALLY |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 17 | SUPPORT OUR EFFORTS, PLEASE FEEL FREE TO REACH OUT TO OUR PRESIDENT |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 18 | VINCENT BRANCATO, AT (203) 586-8171 OR OUR VICE PRESEDENT |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 19 | JUDY PLESS, AT (917)715-8282. |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 0 | Part VI Line 2 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 1 | Part VI Line 11b |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 2 | Part VI Line 11b |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 3 | Part VI Line 12c |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 4 | Part VI Line 19 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 5 | Part III Line 1 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 6 | Part III Line 1 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 7 | PART III lINE 4A |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 8 | PART III lINE 4A |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 9 | PART III lINE 4A |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 10 | PART III lINE 4A |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 11 | PART III lINE 4A |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 12 | PART III lINE 4A |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 13 | PART III lINE 4A |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 14 | PART III lINE 4A |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 15 | PART III lINE 4A |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 16 | PART III lINE 4A |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 17 | PART III lINE 4A |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 18 | PART III lINE 4A |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 19 | PART III lINE 4A |
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| ReturnHeader/BuildTS | 0 | 2025-03-06 01:10:19Z |
| ReturnHeader/BusinessOfficerGrp/PersonNm | 0 | VINCENT BRANCATO |
| ReturnHeader/BusinessOfficerGrp/PersonTitleTxt | 0 | President |
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| ReturnHeader/BusinessOfficerGrp/SignatureDt | 0 | 2025-11-07 |
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| ReturnHeader/ReturnTs | 0 | 2025-11-07T13:42:37-06:00 |
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| ReturnHeader/TaxPeriodBeginDt | 0 | 2024-07-01 |
| ReturnHeader/TaxPeriodEndDt | 0 | 2025-06-30 |
| ReturnHeader/TaxYr | 0 | 2024 |
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