NATIONAL BOOK FOUNDATION INC

EIN: 133347524 501(c)(3)

NEW YORK, NY

Total Revenue
$2,890,429
Total Expenses
$3,274,943
Total Assets
$5,488,077
Net Assets
$5,168,640
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Financial Trends

Organization Details

Formation Year
1986
Legal Domicile
NY
Principal Officer
RUTH DICKEY
Phone
2126850261
Tax Period
2024-05-01 to 2025-04-30

NATIONAL BOOK FOUNDATION INC, founded in 1986, is a community nonprofit that reported $2.9M in total revenue in fiscal year 2024. Revenue decreased 7% compared to the prior year. Expenses of $3.3M exceeded revenue, resulting in a 13% operating deficit.

Mission

THE MISSION OF THE NATIONAL BOOK FOUNDATION IS TO CELEBRATE THE BEST LITERATURE PUBLISHED IN THE UNITED STATES, EXPAND ITS AUDIENCE, AND ENSURE THAT BOOKS HAVE A PROMINENT PLACE IN OUR CULTURE. NBF CARRIES OUT ITS MISSION THROUGH AWARDS & HONORS (MOST NOTABLY THE NATIONAL BOOK AWARDS FOUNDED IN 1950), PUBLIC PROGRAMS (BRINGING NBA-HONORED AUTHORS TO COMMUNITIES ACROSS THE US), EDUCATION & ACCESS (INSPIRING A LOVE OF READING IN YOUNG PEOPLE), AND SUPPORT FOR THE LITERARY FIELD. MORE DETAILED INFORMATION IS IN THE DESCRIPTION OF PROGRAM SERVICES ON SCHEDULE O

Program Service Accomplishments

Program 1
Expenses: $2,526,388 Revenue: $569,730

AWARDS AND HONORSTHE NATIONAL BOOK AWARDS (NBAS) ARE ONE OF THE NATION'S MOST PRESTIGIOUS LITERARY PRIZES, WITH A STELLAR RECORD OF IDENTIFYING AND REWARDING QUALITY WRITING. WITHIN A DECADE OF ITS...

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AWARDS AND HONORSTHE NATIONAL BOOK AWARDS (NBAS) ARE ONE OF THE NATION'S MOST PRESTIGIOUS LITERARY PRIZES, WITH A STELLAR RECORD OF IDENTIFYING AND REWARDING QUALITY WRITING. WITHIN A DECADE OF ITS FOUNDING IN 1950, THE NBAS ACKNOWLEDGED THE WORK OF WRITERS SUCH AS HANNAH ARENDT, W.H. AUDEN, SAUL BELLOW, TRUMAN CAPOTE, RACHEL CARSON, RALPH ELLISON, WILLIAM FAULKNER, MARIANNE MOORE, VLADIMIR NABOKOV, FLANNERY O'CONNOR, KATHERINE ANNE PORTER, ADRIENNE RICH, EUDORA WELTY, AND WILLIAM CARLOS WILLIAMS-AUTHORS WHO HAVE HELPED SHAPE THE FOUNDATION OF LITERATURE IN THE UNITED STATES. THIS TRADITION CONTINUES, WITH THE NBAS TODAY HONORING A DIVERSE COMMUNITY OF WRITERS INCLUDING ELIZABETH ACEVEDO, ROBERT A. CARO, MASHA GESSEN, TERRANCE HAYES, IBRAM X. KENDI, LASZIO KRASZNAHORKAI, JACQUELINE WOODSON, JESMYN WARD, AND COLSON WHITEHEAD, AMONG MANY OTHERS. AWARDS ARE SELECTED BY A PANEL OF PEER WRITERS AND LITERARY LEADERS, AND ARE CURRENTLY PRESENTED IN FIVE CATEGORIES: FICTION, NONFICTION, POETRY, TRANSLATED LITERATURE, AND YOUNG PEOPLE'S LITERATURE. IN FISCAL YEAR 2025 THE WINNERS WERE, RESPECTIVELY: JAMES BY PERCIVAL EVERETT; SOLDIERS AND KINGS: SURVIVAL AND HOPE IN THE WORLD OF HUMAN SMUGGLING BY JASON DE LEN; SOMETHING ABOUT LIVING BY LENA KHALAF TUFFAHA; TAIWAN TRAVELOGUE BY YANG SHUANG-ZI, TRANSLATED FROM THE MANDARIN CHINESE BY LIN KING; AND KAREEM BETWEEN BY SHIFA SALTAGI SAFADI. THE NATIONAL BOOK FOUNDATION ALSO AWARDS AN ANNUAL MEDAL FOR DISTINGUISHED CONTRIBUTION TO AMERICAN LETTERS TO A PERSON OR ENTITY "WHO, IN THE OPINION OF THE BOARD OF DIRECTORS OF THE NATIONAL BOOK FOUNDATION, HAS ENRICHED OUR LITERARY HERITAGE OVER A LIFE OF SERVICE, OR CORPUS OF WORK." IN FISCAL YEAR 2025, THE MEDAL WAS PRESENTED TO WRITER BARBARA KINGSOLVER. THE NATIONAL BOOK FOUNDATION ALSO PRESENTS AN ANNUAL LITERARIAN AWARD FOR OUTSTANDING SERVICE TO THE AMERICAN LITERARY COMMUNITY, WHICH IN FISCAL YEAR 2025 WAS AWARDED TO PUBLISHER W. PAUL COATES. FINALLY, THE 5 UNDER 35 PROGRAM IDENTIFIES AND CELEBRATES FIVE EMERGING FICTION WRITERS ANNUALLY, SELECTED BY FORMER NATIONAL BOOK AWARD FINALISTS AND WINNERS. IN FISCAL YEAR 2025, THE HONOREES WERE STACIE SHANNON DENETSOSIE, MEGAN HOWELL, MAGGIE MILLNER, ALEXANDER SAMMARTINO, AND JEMIMAH WEI.NBA-HONORED AUTHORS ARE THE CORNERSTONE OF THE NATIONAL BOOK FOUNDATION'S PROGRAMS, WHICH SERVE READERS OF ALL AGES ACROSS THE COUNTRY, FREE-OF-CHARGE, WITH A STRONG EMPHASIS ON URBAN AND RURAL COMMUNITIES WHERE THERE ARE BARRIERS TO ENGAGEMENT WITH THE LITERARY ARTS.PUBLIC PROGRAMSTHE NATIONAL BOOK FOUNDATION'S PUBLIC PROGRAMS FALL UNDER THE MONIKER OF NBF PRESENTS, A SERIES OF PUBLIC READINGS AND TOPICAL CONVERSATIONS WITH NATIONAL BOOK FOUNDATION-HONORED AUTHORS AT COLLEGES, UNIVERSITIES, LIBRARIES, PRISONS, PERFORMANCE VENUES, AND BOOK FESTIVALS ACROSS THE COUNTRY, AND INCLUDES TOPICAL PROGRAMS LIKE SCIENCE + LITERATURE, WHICH IDENTIFIES THREE BOOKS ANNUALLY TO DEEPEN READERS' UNDERSTANDING OF SCIENCE AND TECHNOLOGY WITH A FOCUS ON WORK THAT HIGHLIGHTS THE DIVERSITY OF VOICES IN SCIENTIFIC WRITING. THE SCIENCE + LITERATURE SELECTIONS IN FISCAL YEAR 2025 WERE THE LAST ANIMAL BY RAMONA AUSUBEL, MELTWATER BY CLAIRE WAHMANHOLM, AND AN IMMENSE WORLD: HOW ANIMAL SENSES REVEAL THE HIDDEN REALMS AROUND US BY ED YONG. IN FISCAL YEAR 2025, NBF PRESENTS INCLUDED HYBRID AND IN-PERSON PROGRAMMING, AND CURATED 25 EVENTS FEATURING 68 NATIONAL BOOK FOUNDATION-HONORED AUTHORS, DISTRIBUTING 1,000 FREE BOOKS, AND ENGAGING OVER 8,619 AUDIENCE MEMBERS. EDUCATION AND ACCESSTHE NATIONAL BOOK FOUNDATION IS COMMITTED TO INSPIRING A LOVE OF READING AMONG YOUNG PEOPLE THROUGH EDUCATIONAL PROGRAMS SUCH AS BOOKUP, A WRITER-LED, AFTER-SCHOOL PROGRAM FOR MIDDLE-SCHOOL STUDENTS IN THREE US CITIES; BOOK RICH ENVIRONMENTS, WHICH IN FISCAL YEAR 2025 DISTRIBUTED OVER 303,866 FREE BOOKS TO CHILDREN AND FAMILIES LIVING IN PUBLIC HOUSING AUTHORITIES IN 62 COMMUNITIES ACROSS 39 STATES AND WASHINGTON, DC; TEEN PRESS CONFERENCE, AN OPPORTUNITY FOR STUDENTS IN NEW YORK CITY AND MIAMI TO HEAR FROM AND ASK QUESTIONS OF THE 2025 NATIONAL BOOK AWARD HONOREES IN YOUNG PEOPLE'S LITERATURE; AND THE NBF TEACHER FELLOWSHIP, WHICH IN FISCAL YEAR 2025 SUPPORTED SEVEN 6TH-12TH GRADE CLASSROOM TEACHERS WITH BOTH A BOOK BUYING BUDGET AND WORK STIPEND AS THEY MADE READING FOR PLEASURE A PART OF THEIR STUDENTS' EVERYDAY SCHOOL EXPERIENCE.

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Trantor Score

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $2,190,481
Program Service Revenue $566,223
Investment Income $129,885
Other Revenue $3,840
TOTAL REVENUE $2,890,429

Expense Breakdown

Grants Paid $470,458
Salaries & Benefits $1,420,700
Fundraising Expenses $340,006
Program Expenses $2,526,388
Other Expenses $1,383,785
TOTAL EXPENSES $3,274,943

Year-over-Year Comparison

2024 2023 Change
Revenue $2,890,429 $3,106,519 -0.1%
Expenses $3,274,943 $2,658,910 +0.2%
Net Income $-384,514 $447,609 -1.9%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Governance

Voting Members
23
Independent Members
23
Employees
14
Volunteers
41

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
5
$291,264
Total Directors
23
$0
Key Employees
0
$0
Highest Compensated
1
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
DAVID STEINBERGER BOARD CHAIR 1.00
Officer Director
$0 $0 $0
FIONA MCCRAE BOARD VICE CHAIR 1.00
Officer Director
$0 $0 $0
ELPIDIO VILLARREAL BOARD TREASURER 1.00
Officer Director
$0 $0 $0
CALVIN SIMS SECRETARY 1.00
Officer Director
$0 $0 $0
QUANG BAO BOARD MEMBER 1.00
Director
$0 $0 $0
JAMES DAUNT BOARD MEMBER 1.00
Director
$0 $0 $0
MARKUS DOHLE BOARD MEMBER 1.00
Director
$0 $0 $0
MORGAN ENTREKIN BOARD MEMBER 1.00
Director
$0 $0 $0
LUCIA FERREIRA BOARD MEMBER 1.00
Director
$0 $0 $0
KIMBALL HASTINGS BOARD MEMBER 1.00
Director
$0 $0 $0
JONATHAN KARP BOARD MEMBER 1.00
Director
$0 $0 $0
AMANDEEP KOCHAR BOARD MEMBER 1.00
Director
$0 $0 $0
PEGGY KOENIG BOARD MEMBER 1.00
Director
$0 $0 $0
LISA LUCAS BOARD MEMBER 1.00
Director
$0 $0 $0
ANTHONY W MARX BOARD MEMBER 1.00
Director
$0 $0 $0
JAHM NAJAFI BOARD MEMBER 1.00
Director
$0 $0 $0
DEBORAH NEEDLEMAN BOARD MEMBER 1.00
Director
$0 $0 $0
SAMIRA NASR BOARD MEMBER 1.00
Director
$0 $0 $0
JULIA A REIDHEAD BOARD MEMBER 1.00
Director
$0 $0 $0
KENNETH L WALLACH BOARD MEMBER 1.00
Director
$0 $0 $0
MICHELLE WEINER BOARD MEMBER 1.00
Director
$0 $0 $0
JONATHAN YAGED BOARD MEMBER 1.00
Director
$0 $0 $0
CHARLES YU BOARD MEMBER 1.00
Director
$0 $0 $0
RUTH DICKEY EXECUTIVE DIRECTOR 40.00
Officer
$258,333 $32,931 $291,264
MARGARET TANSEY DIRECTOR OF DEVELOPMENT 40.00
Highest
$140,616 $9,116 $149,732
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2025 $2,890,429 $3,274,943 $5,488,077 $-384,514
2024 $3,106,519 $2,658,910 $5,643,387 $447,609
2023 $2,395,970 $2,376,616 $4,829,963 $19,354
2022 $3,836,375 $3,671,609 $4,696,616 $164,766
2021 $3,233,411 $3,043,972 $4,633,222 $189,439
2020 $1,530,414 $1,781,513 $4,008,488 $-251,099
2019 $1,940,628 $1,987,095 $4,227,086 $-46,467
2018 $2,872,054 $1,313,255 $4,133,167 $1,558,799
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