Civic Intelligence

Asbury Book Cooperative Corp

990 • Fiscal year 2023 • EIN 84-3662730

Jan 01, 2023 to Dec 31, 2023 • Filed on Jan 27, 2025

644A Cookman AvenueAsbury Park, NJ 07712

(732) 531-2235

Siviq Scores

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

Liabilities / Assets

68th percentile

0.00x

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

2023 filings • NTEE B • <$500k nonprofits • Source year 2023

Liabilities / Revenue

68th percentile

0.00x

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

2023 filings • NTEE B • <$500k nonprofits • Source year 2023

Net Margin

75th percentile

34%

Higher net margin than 75% of similar nonprofits.

2023 filings • NTEE B • <$500k nonprofits • Source year 2023

Top Officer Pay

86th percentile

$0

Higher top officer pay than 86% of similar nonprofits.

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

2023 filings • NTEE B • <$500k nonprofits • Source year 2023

Asset Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2023

Revenue Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2023

Assets

$128,872

No earlier filing loaded for comparison.

Net Assets

$128,872

No earlier filing loaded for comparison.

Liabilities

$0

No earlier filing loaded for comparison.

Revenue

$253,188

No earlier filing loaded for comparison.

Expenses

$168,021

No earlier filing loaded for comparison.

Net Income

$85,167

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

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

$200K$150K$100K$50K$0Assets 2023: $128,872Liabilities 2023: $0Net Assets 2023: $128,8722023Assets 2024: $173,153Liabilities 2024: $0Net Assets 2024: $173,1532024

Highlighted filing

2023

Assets$128,872
Liabilities$0
Net Assets$128,872

Operations Trend

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

$300K$200K$100K$0Revenue 2023: $253,188Expenses 2023: $168,021Net Income 2023: $85,1672023Revenue 2024: $235,406Expenses 2024: $191,125Net Income 2024: $44,2812024

Highlighted filing

2023

Revenue$253,188
Expenses$168,021
Net Income$85,167
Jump To
Filing Snapshot
Filing Period
Jan 1, 2023 to Dec 31, 2023
Signed
Jan 27, 2025
Return Version
2023v6.0
Gross Receipts
$370,175
Mission and Program Overview

Mission

Asbury book cooperative (abc) is a community-centered,volunteer powered bookstore promoting literacy,increasing access to books,and offering a welcoming gathering space for everyone. Abc provides hundreds of free literary and cultural programs.

Asbury Book Cooperative (ABC) will stock and sell a variety of books and products, and offer programs that provide cultural, literary, and intellectual value to its distinctive and engaged community of readers. ABC will maintain an eclectic collection of titles and promote a culture of informed book-buying through an array of events and discussions. ABC will also grow the membership that supports the co-op and provide meaningful opportunities for participation and leadership. ABC will also act as a local hub to provide support and encouragement for our community.

Balance Sheet Detail
LineBeginningEndChange
Assets
Rtn Earn Endowment Incm Other Fnds-$128,872-
Cash and Non-Interest-Bearing Accounts$29,120$76,872▲ $47,752
Cap Stk Tr Prin Current Funds$43,705--
Inventories for Sale or Use$14,585$40,000▲ $25,415
Prepaid Expenses and Deferred Charges-$12,000-
Savings and Temporary Cash Investments-$0-
Accounts Receivable-$0-
Other Notes and Loans Receivable, Net-$0-
Pledges and Grants Receivable-$0-
Receivable From Disqualified Prsn-$0-
Receivables From Officers Etc-$0-
Investments Other Securities-$0-
Investments Program Related-$0-
Investments in Publicly Traded Securities-$0-
Land, Buildings, and Equipment, Net-$0-
Intangible Assets-$0-
Total Assets$43,705$128,872▲ $85,167
Other Assets Total-$0-
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Total Net Assets Fund Balance$43,705$128,872▲ $85,167
Total Liabilities and Net Assets / Fund Balance$43,705$128,872▲ $85,167
Compensation and Service Providers

Board Members and Trustees

NameTitle
Michael McgrawPresident
Allyson Segal CrystalVice President
Michael ConnellySecretary
Julia WarrenTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$20,000
Program Service Revenue
$36,878
Investment Income
$0
Other Revenue
$196,310
All Other Contributions
$20,000
Change in Net Assets
$85,167
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$116,974
Salaries, Compensation, and Employee Benefits$51,047
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Occupancy$52,643--$52,643
Other Salaries and Wages$46,035--$46,035
All Other Expenses$12,730$6,127-$18,857
Other Expenses$5,507--$5,507
Payroll Taxes$5,012--$5,012
Insurance$4,281--$4,281
Advertising$928--$928
Fees for Services Accounting$325$325-$650
Total Functional Expenses$161,569$6,452$0$168,021
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$4,480
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Receivables from Disqualified Persons-$0-
Receivables from Officers, Directors, Trustees, and Key Employees-$0-
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Backup withholding compliance
No
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

No review was or will be conducted.

Form 990, Part VI, Section C, Line 19

No documents available to the public.

Filing and Contact Details

Filer

Filer Name
Asbury Book Cooperative Corp
EIN
84-3662730
Address
644A COOKMAN AVENUE, ASBURY PARK, NJ 07712

Signing Officer

Name
Michael Mcgraw
Title
President
Signed
2025-01-27
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Michael Mcgraw
Formed
1999
Legal Domicile
Nj
Voting Board Members
4
Independent Board Members
0
Employees
0
Volunteers
5

Preparer

Firm
Michele Flynn CPA
Address
800 Highway 71 Suite 1, Sea Girt, NJ 08750
Preparer
Michele Flynn
Phone
7325312235
Supplemental Narrative

Additional Explanations

Form 990, Part IX, Line 24E

ANNUAL REPORT FEE: Column (A) - Total = $75; Column (B) - Program Services = $0; Column (C) - Management & General = $75; Column (D) - Fundraising = $0

Form 990, Part IX, Line 24E

CLOVER: Column (A) - Total = $1300; Column (B) - Program Services = $1300; Column (C) - Management & General = $0; Column (D) - Fundraising = $0

Form 990, Part IX, Line 24E

COFFEE: Column (A) - Total = $318; Column (B) - Program Services = $318; Column (C) - Management & General = $0; Column (D) - Fundraising = $0

Form 990, Part IX, Line 24E

CREDIT CARD PROCESSING: Column (A) - Total = $4840; Column (B) - Program Services = $4840; Column (C) - Management & General = $0; Column (D) - Fundraising = $0

Form 990, Part IX, Line 24E

GOOGLE SUITE: Column (A) - Total = $1067; Column (B) - Program Services = $0; Column (C) - Management & General = $1067; Column (D) - Fundraising = $0

Form 990, Part IX, Line 24E

INTERNET: Column (A) - Total = $1446; Column (B) - Program Services = $723; Column (C) - Management & General = $723; Column (D) - Fundraising = $0

Form 990, Part IX, Line 24E

MARKETING: Column (A) - Total = $1377; Column (B) - Program Services = $1377; Column (C) - Management & General = $0; Column (D) - Fundraising = $0

Form 990, Part IX, Line 24E

MISCELLANEOUS: Column (A) - Total = $3462; Column (B) - Program Services = $0; Column (C) - Management & General = $3462; Column (D) - Fundraising = $0

Form 990, Part IX, Line 24E

Postage and Shipping: Column (A) - Total = $1607; Column (B) - Program Services = $807; Column (C) - Management & General = $800; Column (D) - Fundraising = $0

Form 990, Part IX, Line 24E

WESITE: Column (A) - Total = $2737; Column (B) - Program Services = $2737; Column (C) - Management & General = $0; Column (D) - Fundraising = $0

Form 990, Part IX, Line 24E

ZOOM: Column (A) - Total = $628; Column (B) - Program Services = $628; Column (C) - Management & General = $0; Column (D) - Fundraising = $0

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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2ANNUAL REPORT FEE: Column (A) - Total = $75; Column (B) - Program Services = $0; Column (C) - Management & General = $75; Column (D) - Fundraising = $0
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3CLOVER: Column (A) - Total = $1300; Column (B) - Program Services = $1300; Column (C) - Management & General = $0; Column (D) - Fundraising = $0
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4COFFEE: Column (A) - Total = $318; Column (B) - Program Services = $318; Column (C) - Management & General = $0; Column (D) - Fundraising = $0
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5CREDIT CARD PROCESSING: Column (A) - Total = $4840; Column (B) - Program Services = $4840; Column (C) - Management & General = $0; Column (D) - Fundraising = $0
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6GOOGLE SUITE: Column (A) - Total = $1067; Column (B) - Program Services = $0; Column (C) - Management & General = $1067; Column (D) - Fundraising = $0
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7INTERNET: Column (A) - Total = $1446; Column (B) - Program Services = $723; Column (C) - Management & General = $723; Column (D) - Fundraising = $0
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt8MARKETING: Column (A) - Total = $1377; Column (B) - Program Services = $1377; Column (C) - Management & General = $0; Column (D) - Fundraising = $0
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt9MISCELLANEOUS: Column (A) - Total = $3462; Column (B) - Program Services = $0; Column (C) - Management & General = $3462; Column (D) - Fundraising = $0
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt10Postage and Shipping: Column (A) - Total = $1607; Column (B) - Program Services = $807; Column (C) - Management & General = $800; Column (D) - Fundraising = $0
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt11WESITE: Column (A) - Total = $2737; Column (B) - Program Services = $2737; Column (C) - Management & General = $0; Column (D) - Fundraising = $0
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt12ZOOM: Column (A) - Total = $628; Column (B) - Program Services = $628; Column (C) - Management & General = $0; Column (D) - Fundraising = $0
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Section B, Line 11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Section C, Line 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part IX, Line 24e
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990, Part IX, Line 24e
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Form 990, Part IX, Line 24e
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5Form 990, Part IX, Line 24e
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6Form 990, Part IX, Line 24e
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc7Form 990, Part IX, Line 24e
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc8Form 990, Part IX, Line 24e
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc9Form 990, Part IX, Line 24e
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc10Form 990, Part IX, Line 24e
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc11Form 990, Part IX, Line 24e
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc12Form 990, Part IX, Line 24e
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt043705
IRS990/TotalAssetsEOYAmt0128872
IRS990/TotalAssetsGrp/BOYAmt043705
IRS990/TotalAssetsGrp/EOYAmt0128872
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt020000
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt06452
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0161569
IRS990/TotalFunctionalExpensesGrp/TotalAmt0168021
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesEOYAmt00
IRS990/TotalLiabilitiesGrp/BOYAmt00
IRS990/TotalLiabilitiesGrp/EOYAmt00
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt043705
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0128872
IRS990/TotalProgramServiceExpensesAmt0161569
IRS990/TotalProgramServiceRevenueAmt036878
IRS990/TotalRevenueGrp/ExclusionAmt0191830
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt036878
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0253188
IRS990/TotalVolunteersCnt05
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt043705
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0128872
IRS990/TravelGrp/TotalAmt00
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/USAddress/AddressLine1Txt0644A COOKMAN AVENUE
IRS990/USAddress/CityNm0ASBURY PARK
IRS990/USAddress/StateAbbreviationCd0NJ
IRS990/USAddress/ZIPCd007712
IRS990/VotingMembersGoverningBodyCnt04
IRS990/VotingMembersIndependentCnt00
IRS990/WebsiteAddressTxt0www.asburybookcoop.org
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02025-03-06 01:10:19Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0MICHAEL MCGRAW
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0President
ReturnHeader/BusinessOfficerGrp/SignatureDt02025-01-27
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0ASBURY BOOK COOPERATIVE CORP
ReturnHeader/Filer/BusinessNameControlTxt0ASBU
ReturnHeader/Filer/EIN0843662730
ReturnHeader/Filer/USAddress/AddressLine1Txt0644A COOKMAN AVENUE
ReturnHeader/Filer/USAddress/CityNm0ASBURY PARK
ReturnHeader/Filer/USAddress/StateAbbreviationCd0NJ
ReturnHeader/Filer/USAddress/ZIPCd007712
ReturnHeader/IRSResponsiblePrtyInfoCurrInd0true
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0882584901
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0Michele Flynn CPA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0800 Highway 71 Suite 1
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0Sea Girt
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0NJ
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd008750
ReturnHeader/PreparerPersonGrp/PhoneNum07325312235
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0MICHELE FLYNN
ReturnHeader/PreparerPersonGrp/SelfEmployedInd0X
ReturnHeader/ReturnTs02025-01-27T10:37:11-08:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02023-01-01
ReturnHeader/TaxPeriodEndDt02023-12-31
ReturnHeader/TaxYr02023

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