Civic Intelligence

We Need Diverse Books

990 • Fiscal year 2022 • EIN 47-1786302

Jul 01, 2021 to Jun 30, 2022 • Filed on Mar 22, 2023

10319 Westlake Drive 104Bethesda, MD 20817

(301) 840-3883

Siviq Scores

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

Liabilities / Assets

40th percentile

0.03x

Higher debt load relative to assets than 40% of similar nonprofits.

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

Liabilities / Revenue

32nd percentile

0.02x

Higher debt load relative to revenue than 32% of similar nonprofits.

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

Net Margin

78th percentile

28%

Higher net margin than 78% of similar nonprofits.

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

Top Officer Pay

65th percentile

$92,525

Higher top officer pay than 65% of similar nonprofits.

Top officer pay equals 5.4% of source-year revenue.

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

Asset Growth

90th percentile

61%

Faster asset growth than 90% of similar nonprofits.

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

Revenue Growth

73rd percentile

30%

Faster revenue growth than 73% of similar nonprofits.

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

Assets

Up

$1,284,821

Up $486,241 (+61%) from 2021

Net Assets

Up

$1,247,067

Up $475,987 (+62%) from 2021

Liabilities

Up

$37,754

Up $10,254 (+37%) from 2021

Revenue

Up

$1,729,399

Up $395,806 (+30%) from 2021

Expenses

Up

$1,253,412

Up $143,151 (+13%) from 2021

Net Income

Up

$475,987

Up $252,655 (+113%) from 2021

Historical Trend

Balance Sheet Trend

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

$2.0M$1.5M$1.0M$500K$0Assets 2015: $218,484Liabilities 2015: $0Net Assets 2015: $218,4842015Assets 2016: $203,108Liabilities 2016: $0Net Assets 2016: $203,1082016Assets 2017: $180,424Liabilities 2017: $0Net Assets 2017: $180,4242017Assets 2018: $260,252Liabilities 2018: $739Net Assets 2018: $259,5132018Assets 2019: $376,477Liabilities 2019: $34,040Net Assets 2019: $342,4372019Assets 2020: $547,748Liabilities 2020: $0Net Assets 2020: $547,7482020Assets 2021: $798,580Liabilities 2021: $27,500Net Assets 2021: $771,0802021Assets 2022: $1,284,821Liabilities 2022: $37,754Net Assets 2022: $1,247,0672022Assets 2023: $1,285,821Liabilities 2023: $33,074Net Assets 2023: $1,252,7472023Assets 2024: $1,994,826Liabilities 2024: $26,374Net Assets 2024: $1,968,4522024

Highlighted filing

2022

Assets$1,284,821
Liabilities$37,754
Net Assets$1,247,067

Operations Trend

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

$2.0M$1.5M$1.0M$500K$0-$500KRevenue 2015: $321,987Expenses 2015: $103,503Net Income 2015: $218,4842015Revenue 2016: $143,801Expenses 2016: $159,177Net Income 2016: -$15,3762016Revenue 2017: $252,379Expenses 2017: $275,063Net Income 2017: -$22,6842017Revenue 2018: $321,281Expenses 2018: $242,192Net Income 2018: $79,0892018Revenue 2019: $455,892Expenses 2019: $372,968Net Income 2019: $82,9242019Revenue 2020: $598,939Expenses 2020: $403,604Net Income 2020: $195,3352020Revenue 2021: $1,333,593Expenses 2021: $1,110,261Net Income 2021: $223,3322021Revenue 2022: $1,729,399Expenses 2022: $1,253,412Net Income 2022: $475,9872022Revenue 2023: $1,117,905Expenses 2023: $1,112,225Net Income 2023: $5,6802023Revenue 2024: $1,840,875Expenses 2024: $1,125,170Net Income 2024: $715,7052024

Highlighted filing

2022

Revenue$1,729,399
Expenses$1,253,412
Net Income$475,987
Jump To
Filing Snapshot
Filing Period
Jul 1, 2021 to Jun 30, 2022
Signed
Mar 22, 2023
Return Version
2021v4.2
Gross Receipts
$1,729,399
Mission and Program Overview

Mission

Putting more books featuring diverse characters into the hands of all children.

Creating a world where everyone can find themselves on the pages of a book.

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$746,058$1,131,861▲ $385,803
Accounts Receivable$3,383$111,408▲ $108,025
Cash and Non-Interest-Bearing Accounts$49,139$41,552▼ $7,587
Total Assets$798,580$1,284,821▲ $486,241
Liabilities
Accounts Payable and Accrued Expenses$22,838$30,774▲ $7,936
Other Liabilities$4,662$6,980▲ $2,318
Total Liabilities$27,500$37,754▲ $10,254
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$532,359$639,552▲ $107,193
Net Assets With Donor Restrictions$238,721$607,515▲ $368,794
Total Net Assets Fund Balance$771,080$1,247,067▲ $475,987
Total Liabilities and Net Assets / Fund Balance$798,580$1,284,821▲ $486,241
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Caroline RichmondExecutive DirectorFT$92,525$92,525

Board Members and Trustees

Revenue and Support

Revenue Composition

Contributions and Grants
$1,474,005
Program Service Revenue
$164,632
Investment Income
$92
Other Revenue
$90,670
All Other Contributions
$1,474,005
Change in Net Assets
$475,987

Noncash Contribution Practices

Property subject to holding requirements
No
Reviewed unusual noncash gifts
No
Third parties used for noncash contributions
No

Noncash Contributions

Contribution TypeReported AmountValuation Method
Books and Publications$255,907Fair Market Value (FMV)
Total Noncash Contributions$255,907-

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,729,399
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$236,500
Total Revenue per Audited Statements
$1,965,899
Total Revenue per Form 990
$1,729,399
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$822,184
Grants and Similar Amounts Paid$231,982
Salaries, Compensation, and Employee Benefits$199,246
Total Fundraising Expense$46,427
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Individuals$231,982--$231,982
Current Officers, Directors, Trustees, and Key Employees$89,100$14,858$13,580$117,538
Other Salaries and Wages$56,841$9,490$8,602$74,933
Office Expenses$7,063$15,613$7,003$29,679
Conferences and Meetings$25,769--$25,769
Travel$18,717$1$3,160$21,878
Payroll Taxes$5,091$836$848$6,775
Occupancy$6,100--$6,100
Other Expenses$30,893$69$2,863$2,863
Advertising$2,000-$700$2,700
Insurance-$1,338-$1,338
Total Functional Expenses$1,106,626$100,359$46,427$1,253,412

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$1,489,912
Expenses per Audited Statements$1,253,412
Total Expenses per Form 990$1,253,412
Expenses Not Reported on Form 990$236,500
Expenses Not Reported on Financial Statements$0
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
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Other Liabilities$6,980
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Audit committee
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
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, Section B, Line 11B

The president or treasurer review the 990 prior to filing

Form 990, Part VI, Section C, Line 19

AVAILABLE UPON REQUEST

Filing and Contact Details

Filer

Filer Name
We Need Diverse Books
EIN
47-1786302
Phone
3018403883
Address
10319 WESTLAKE DRIVE 104, BETHESDA, MD 20817

Signing Officer

Name
Caroline Richmond
Title
Executive Director
Phone
2403807031
Signed
2023-03-22
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Caroline Richmond
Formed
2014
Legal Domicile
Pa
Voting Board Members
7
Independent Board Members
4
Employees
2
Volunteers
95

Preparer

Firm
Lswg Pa
Address
1801 RESEARCH BLVD SUITE 320, ROCKVILLE, MD 20850
Preparer
C Eva Webb
Phone
3016629200
Supplemental Narrative

Additional Explanations

Part XII Line 2 C

No change from the prior year.

Financial Statement Notes

PART X, LINE 2:

Accounting principles generally accepted in the united states of america require management to evaluate tax positions taken by the organization and recognize a tax asset (or a reduction of a liability) only if the organization has taken a position that more likely than not would be sustained upon examination by the irs. Management has analyzed the tax positions taken by the organization and has concluded that as of june 30, 2022, all tax positions taken or expected to be taken would more likely than not be sustained upon examination. Management believes it is no longer subject to income tax examinations for years prior to 2018.

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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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IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt0321165
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt03261719
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt090762
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt053575
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt040106
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt018792
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt0203235
IRS990ScheduleA/GrossReceiptsRltdActivitiesAmt0294345
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.67820
IRS990ScheduleA/PublicSupportPY170Pct00.66230
IRS990ScheduleA/PublicSupportTotal170Amt02349889
IRS990ScheduleA/SubstantialContributorsTotAmt0911830
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt01218098
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt0808615
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt0476741
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt0437100
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt0321165
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt03261719
IRS990ScheduleA/TotalSupportAmt03464954
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd01
IRS990ScheduleD/DonatedServicesAndUseFcltsAmt0236500
IRS990ScheduleD/DonatedServicesUseFcltsAmt0236500
IRS990ScheduleD/ExpensesNotReportedAmt0236500
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt01253412
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt06980
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0OTHER LIABILITIES
IRS990ScheduleD/RevenueNotReportedAmt0236500
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt01729399
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0ACCOUNTING PRINCIPLES GENERALLY ACCEPTED IN THE UNITED STATES OF AMERICA REQUIRE MANAGEMENT TO EVALUATE TAX POSITIONS TAKEN BY THE ORGANIZATION AND RECOGNIZE A TAX ASSET (OR A REDUCTION OF A LIABILITY) ONLY IF THE ORGANIZATION HAS TAKEN A POSITION THAT MORE LIKELY THAN NOT WOULD BE SUSTAINED UPON EXAMINATION BY THE IRS. MANAGEMENT HAS ANALYZED THE TAX POSITIONS TAKEN BY THE ORGANIZATION AND HAS CONCLUDED THAT AS OF JUNE 30, 2022, ALL TAX POSITIONS TAKEN OR EXPECTED TO BE TAKEN WOULD MORE LIKELY THAN NOT BE SUSTAINED UPON EXAMINATION. MANAGEMENT BELIEVES IT IS NO LONGER SUBJECT TO INCOME TAX EXAMINATIONS FOR YEARS PRIOR TO 2018.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt00
IRS990ScheduleD/TotalExpensesPerForm990Amt01253412
IRS990ScheduleD/TotalLiabilityAmt06980
IRS990ScheduleD/TotalRevenuePerForm990Amt01729399
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt01965899
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt01489912
IRS990ScheduleI/GrantRecordsMaintainedInd01
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/CashGrantAmt0231982
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/GrantTypeTxt0GRANTS AND AWARDS
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/RecipientCnt0152
IRS990ScheduleI/SupplementalInformationDetail/ExplanationTxt0EXIT INTERVIEWS ARE CONDUCTED TO ENSURE RECIPIENTS ARE USING GRANT FUNDS TO SUPPORT THEM IN THEIR WRITING OR ILLUSTRATING WORK. TYPICAL USE OF FUNDS INCLUDE HOUSING, TRANSPORTATION, TECHNOLOGY, CLASSES AND CONFERENCES.
IRS990ScheduleI/SupplementalInformationDetail/FormAndLineReferenceDesc0PART I, LINE 2:
IRS990/ScheduleJRequiredInd00
IRS990ScheduleM/AnyPropertyThatMustBeHeldInd00
IRS990ScheduleM/BooksAndPublicationsGrp/MethodOfDeterminingRevenuesTxt0FMV
IRS990ScheduleM/BooksAndPublicationsGrp/NonCashCheckboxInd0X
IRS990ScheduleM/BooksAndPublicationsGrp/NoncashContributionsRptF990Amt0255907
IRS990ScheduleM/ReviewProcessUnusualNCGiftsInd00
IRS990ScheduleM/ThirdPartiesUsedInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE PRESIDENT OR TREASURER REVIEW THE 990 PRIOR TO FILING
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1AVAILABLE UPON REQUEST
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2NO CHANGE FROM THE PRIOR YEAR.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2PART XII LINE 2 C
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/StatesWhereCopyOfReturnIsFldCd0MD
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt0798580
IRS990/TotalAssetsEOYAmt01284821
IRS990/TotalAssetsGrp/BOYAmt0798580
IRS990/TotalAssetsGrp/EOYAmt01284821
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt01474005
IRS990/TotalEmployeeCnt02
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt046427
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0100359
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt01106626
IRS990/TotalFunctionalExpensesGrp/TotalAmt01253412
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt027500
IRS990/TotalLiabilitiesEOYAmt037754
IRS990/TotalLiabilitiesGrp/BOYAmt027500
IRS990/TotalLiabilitiesGrp/EOYAmt037754
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0771080
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt01247067
IRS990/TotalOtherCompensationAmt00
IRS990/TotalOtherProgSrvcExpenseAmt0511415
IRS990/TotalOtherProgSrvcGrantAmt0134990
IRS990/TotalOtherProgSrvcRevenueAmt0164632
IRS990/TotalProgramServiceExpensesAmt01106626
IRS990/TotalProgramServiceRevenueAmt0164632
IRS990/TotalReportableCompFromOrgAmt092525
IRS990/TotalRevenueGrp/ExclusionAmt090762
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0164632
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt01729399
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt095
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0798580
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt01284821
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TravelGrp/FundraisingAmt03160
IRS990/TravelGrp/ManagementAndGeneralAmt01
IRS990/TravelGrp/ProgramServicesAmt018717
IRS990/TravelGrp/TotalAmt021878
IRS990/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt010319 WESTLAKE DRIVE 104
IRS990/USAddress/CityNm0BETHESDA
IRS990/USAddress/StateAbbreviationCd0MD
IRS990/USAddress/ZIPCd020817
IRS990/VotingMembersGoverningBodyCnt07
IRS990/VotingMembersIndependentCnt04
IRS990/WebsiteAddressTxt0HTTPS://DIVERSEBOOKS.ORG/
IRS990/WhistleblowerPolicyInd00
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/AuthenticationAssuranceLevelCd0AAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/IdentityAssuranceLevelCd0IAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/TrustedCustomerCd03
ReturnHeader/BuildTS02023-04-26 12:10:37Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01

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