Civic Intelligence

Open Books Foundation Co

990 • Fiscal year 2022 • EIN 80-0251597

Jan 01, 2022 to Dec 31, 2022 • Filed on Nov 15, 2023

Organization ProfileWWW.OPENBOOKSFOUNDATION.ORG
11 Stonegate RoadHopkinton, MA 01748

(508) 596-1406

Siviq Scores

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

Liabilities / Assets

58th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2022 filings • 501(c)3 • <$500k nonprofits • Source year 2022

Liabilities / Revenue

58th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2022 filings • 501(c)3 • <$500k nonprofits • Source year 2022

Net Margin

4th percentile

-215%

Higher net margin than 4% of similar nonprofits.

2022 filings • 501(c)3 • <$500k nonprofits • Source year 2022

Top Officer Pay

78th percentile

$0

Higher top officer pay than 78% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2022 filings • 501(c)3 • <$500k nonprofits • Source year 2022

Asset Growth

22nd percentile

-20%

Faster asset growth than 22% of similar nonprofits.

2022 filings • 501(c)3 • <$500k nonprofits • Annualized from 2021 to 2022

Revenue Growth

6th percentile

-72%

Faster revenue growth than 6% of similar nonprofits.

2022 filings • 501(c)3 • <$500k nonprofits • Annualized from 2021 to 2022

Balance Sheet
Liabilities / Assets58th percentile

Assets

Down

$112,038

Down $28,098 (-20%) from 2021

Net Assets

Down

$112,038

Down $28,098 (-20%) from 2021

Liabilities

Flat

$0

Flat from 2021

Revenue And Expenses
Liabilities / Revenue58th percentileNet Margin4th percentile

Revenue

Down

$11,208

Down $28,740 (-72%) from 2021

Expenses

Up

$35,304

Up $16,246 (+85%) from 2021

Net Income

Down

-$24,096

Down $44,986 (-215%) from 2021

Historical Trend

Balance Sheet Trend

Asset Growth22nd percentile

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

$150K$100K$50K$0Assets 2010: $5,870Liabilities 2010: $0Net Assets 2010: $5,8702010Assets 2011: $12,143Liabilities 2011: $0Net Assets 2011: $12,1432011Assets 2012: $11,081Liabilities 2012: $0Net Assets 2012: $11,0812012Assets 2013: $11,089Liabilities 2013: $0Net Assets 2013: $11,0892013Assets 2014: $18,400Liabilities 2014: $0Net Assets 2014: $18,4002014Assets 2015: $25,701Liabilities 2015: $0Net Assets 2015: $25,7012015Assets 2016: $105,487Liabilities 2016: $0Net Assets 2016: $105,4872016Assets 2017: $90,724Liabilities 2017: $0Net Assets 2017: $90,7242017Assets 2018: $86,958Liabilities 2018: $0Net Assets 2018: $86,9582018Assets 2019: $122,463Liabilities 2019: $0Net Assets 2019: $122,4632019Assets 2020: $123,246Liabilities 2020: $0Net Assets 2020: $123,2462020Assets 2021: $140,136Liabilities 2021: $0Net Assets 2021: $140,1362021Assets 2022: $112,038Liabilities 2022: $0Net Assets 2022: $112,0382022Assets 2023: $99,061Liabilities 2023: $0Net Assets 2023: $99,0612023Assets 2024: $90,851Liabilities 2024: $0Net Assets 2024: $90,8512024

Highlighted filing

2022

Assets$112,038
Liabilities$0
Net Assets$112,038
Open 2022 Filing

Operations Trend

Revenue Growth6th percentile

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

$100K$50K$0-$50KRevenue 2010: $12,065Expenses 2010: $8,238Net Income 2010: $3,8272010Revenue 2011: $29,675Expenses 2011: $23,402Net Income 2011: $6,2732011Revenue 2012: $23,200Expenses 2012: $24,262Net Income 2012: -$1,0622012Revenue 2013: $20,430Expenses 2013: $20,422Net Income 2013: $82013Revenue 2014: $20,660Expenses 2014: $13,349Net Income 2014: $7,3112014Revenue 2015: $31,157Expenses 2015: $23,856Net Income 2015: $7,3012015Revenue 2016: $99,218Expenses 2016: $19,432Net Income 2016: $79,7862016Revenue 2017: $13,843Expenses 2017: $29,356Net Income 2017: -$15,5132017Revenue 2018: $26,814Expenses 2018: $25,231Net Income 2018: $1,5832018Revenue 2019: $50,698Expenses 2019: $31,193Net Income 2019: $19,5052019Revenue 2020: $20,923Expenses 2020: $16,140Net Income 2020: $4,7832020Revenue 2021: $39,948Expenses 2021: $19,058Net Income 2021: $20,8902021Revenue 2022: $11,208Expenses 2022: $35,304Net Income 2022: -$24,0962022Revenue 2023: $25,143Expenses 2023: $34,120Net Income 2023: -$8,9772023Revenue 2024: $28,954Expenses 2024: $33,164Net Income 2024: -$4,2102024

Highlighted filing

2022

Revenue$11,208
Expenses$35,304
Net Income-$24,096
Open 2022 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2022 to Dec 31, 2022
Signed
Nov 15, 2023
Return Version
2022v5.0
Gross Receipts
$11,208
Mission and Program Overview

Mission

To aid children in the attendance of reading and other educational programs

Provide assistance to children in the attendance of reading and other educational programs

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$102,507$90,345▼ $12,162
Savings and Temporary Cash Investments$5,585$17,718▲ $12,133
Cash and Non-Interest-Bearing Accounts$32,044$3,975▼ $28,069
Total Assets$140,136$112,038▼ $28,098
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Net Assets With Donor Restrictions$93,350$89,350▼ $4,000
Net Assets Without Donor Restrictions$46,786$22,688▼ $24,098
Total Net Assets Fund Balance$140,136$112,038▼ $28,098
Total Liabilities and Net Assets / Fund Balance$140,136$112,038▼ $28,098

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2022$96,886-▼ $30-$80,166
2021$90,408-▲ $11,273-$96,886
2020$85,684-▲ $8,724-$90,408
2019$84,000-▲ $5,684-$85,684
2018$88,000-▲ $3,240-$84,000
Compensation and Service Providers
Top Officer Pay78th percentile

Board Members and Trustees

NameTitle
Ellen Ward ScarboroughPresident
Michelle TeitelmanPresident
Ilan StavansDirector
Noah RosenblumDirector
Revenue and Support

Revenue Composition

Contributions and Grants
$10,138
Program Service Revenue
$0
Investment Income
$1,070
Other Revenue
$0
All Other Contributions
$10,138
Change in Net Assets
$-24,096
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$34,143
Other Expenses$1,161
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Individuals$34,143--$34,143
Fees for Services Other-$1,130-$1,130
Office Expenses-$31-$31
Total Functional Expenses$34,143$1,161$0$35,304
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
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
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
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, Line 8B

“QUESTION IS N/A”

Form 990, Part VI, Section B, Line 11B

“A draft was circulated among all board members and was reviewed, commented on, and approved by the board.”

Form 990, Part VI, Section B, Line 12C

“The board of directors reviews compliance with the conflict of interest policy at its annual meeting and requires a report from each director about possible conflicts of interest.”

Form 990, Part VI, Section B, Line 15

“Form 990, part vi, section b, item 15: question is not applicable.”

Form 990, Part VI, Section C, Line 19

“The documents are made available to the public upon request”

Filing and Contact Details

Filer

Filer Name
Open Books Foundation Co
EIN
80-0251597
Phone
5085961406
Address
11 STONEGATE ROAD, HOPKINTON, MA 01748

Signing Officer

Name
Michelle Teitelman
Title
Treasurer
Phone
5085961406
Signed
2023-11-15
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Michelle Teitelman
Formed
2009
Legal Domicile
Ct
Voting Board Members
4
Independent Board Members
4
Employees
0
Volunteers
0

Preparer

Firm
Marcum Llp
Address
35 MASON STREET, GREENWICH, CT 06830
Preparer
John Mezzanotte
Phone
2036813100
Supplemental Narrative

Additional Explanations

FORM 990, PART XI, LINE 9:

“Change in temporarily restricted net assets -4,000.”

Financial Statement Notes

Part V, Line 4

“Korner endowment $80,000 - interest earned on this endowment will be used to provide one or two scholarships per year. Preference will be given to chicago area students. Sebring endowment $4,000 - to provide two scholarships to college bound minority students per year for the next year.”

Raw XML Appendix328 raw XML fields

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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IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0KORNER ENDOWMENT $80,000 - INTEREST EARNED ON THIS ENDOWMENT WILL BE USED TO PROVIDE ONE OR TWO SCHOLARSHIPS PER YEAR. PREFERENCE WILL BE GIVEN TO CHICAGO AREA STUDENTS. SEBRING ENDOWMENT $4,000 - TO PROVIDE TWO SCHOLARSHIPS TO COLLEGE BOUND MINORITY STUDENTS PER YEAR FOR THE NEXT YEAR.
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IRS990ScheduleI/SupplementalInformationDetail/ExplanationTxt0SCHOLARSHIP FUNDING WAS GIVEN FOR THE FOLLOWING STUDENTS ATTENDING SESSION OF CAMP: EMILY TACURI OF ILLINOIS, BRANDON HUANG OF ILLINOIS, ALEXANDRA ALVAREZ OF ILLINOIS, EMI SANCHEZ OF ILLINOIS, J ALEXANDER GASPAR OF ILLINOIS, JENNY CHEN OF ILLINOIS, ABIGAIL AUN OF NEW YORK, ALICE YELLOW THUNDER OF SOUTH DAKOTA, JULIETTE YELLOW THUNDER OF SOUTH DAKOTA, ANIYAH CUEVAS OF CALIFORNIA, YIMENG GAO OF ILLINOIS, JASLYN LEE OF ILLINOIS.
IRS990ScheduleI/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, SCHEDULE I, PART I, LINE 2
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0QUESTION IS N/A
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1A DRAFT WAS CIRCULATED AMONG ALL BOARD MEMBERS AND WAS REVIEWED, COMMENTED ON, AND APPROVED BY THE BOARD.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE BOARD OF DIRECTORS REVIEWS COMPLIANCE WITH THE CONFLICT OF INTEREST POLICY AT ITS ANNUAL MEETING AND REQUIRES A REPORT FROM EACH DIRECTOR ABOUT POSSIBLE CONFLICTS OF INTEREST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3FORM 990, PART VI, SECTION B, ITEM 15: QUESTION IS NOT APPLICABLE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE DOCUMENTS ARE MADE AVAILABLE TO THE PUBLIC UPON REQUEST
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5CHANGE IN TEMPORARILY RESTRICTED NET ASSETS -4,000.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION A, LINE 8B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION B, LINE 15
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PART XI, LINE 9:
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IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt0140136
IRS990/TotalAssetsEOYAmt0112038
IRS990/TotalAssetsGrp/BOYAmt0140136
IRS990/TotalAssetsGrp/EOYAmt0112038
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt010138
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt01161
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt034143
IRS990/TotalFunctionalExpensesGrp/TotalAmt035304
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IRS990/TotalReportableCompFromOrgAmt00
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IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt01070
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt011208
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt00
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ReturnHeader/BuildTS02023-04-26 12:10:37Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
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ReturnHeader/PreparerPersonGrp/PreparationDt02023-11-15
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0JOHN MEZZANOTTE
ReturnHeader/ReturnTs02023-11-15T15:28:03-06:00
ReturnHeader/ReturnTypeCd0990
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ReturnHeader/TaxPeriodEndDt02022-12-31
ReturnHeader/TaxYr02022

Document Assets

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Filings

Displayed year

2022 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$112,038
Liabilities
$0
Net assets
$112,038
Revenue
$11,208
Expenses
$35,304
Net income
-$24,096
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.91$0.00$0.91$0.29$0.33$0.04
2023Detailed filing. Detailed filing data is available for this year.$0.99$0.00$0.99$0.25$0.34$0.09
2022Detailed filing. Detailed filing data is available for this year.$1.12$0.00$1.12$0.11$0.35$0.24
2021Detailed filing. Detailed filing data is available for this year.$1.40$0.00$1.40$0.40$0.19$0.21
2020Detailed filing. Detailed filing data is available for this year.$1.23$0.00$1.23$0.21$0.16$0.05
2019Detailed filing. Detailed filing data is available for this year.$1.22$0.00$1.22$0.51$0.31$0.20
2018Detailed filing. Detailed filing data is available for this year.$0.87$0.00$0.87$0.27$0.25$0.02
2017Detailed filing. Detailed filing data is available for this year.$0.91$0.00$0.91$0.14$0.29$0.16
2016Detailed filing. Detailed filing data is available for this year.$1.05$0.00$1.05$0.99$0.19$0.80
2015Detailed filing. Detailed filing data is available for this year.$0.26$0.00$0.26$0.31$0.24$0.07
2014Detailed filing. Detailed filing data is available for this year.$0.18$0.00$0.18$0.21$0.13$0.07
2013Summary only. Only limited summary data is available for this year.$0.11$0.00$0.11$0.20$0.20$0.00
2012Summary only. Only limited summary data is available for this year.$0.11$0.00$0.11$0.23$0.24$0.01
2011Summary only. Only limited summary data is available for this year.$0.12$0.00$0.12$0.30$0.23$0.06
2010Summary only. Only limited summary data is available for this year.$0.06$0.00$0.06$0.12$0.08$0.04