BOOK TRUST

EIN: 204124164 501(c)(3) Education

DENVER, CO

Total Revenue
$3,484,010
Total Expenses
$5,419,936
Total Assets
$2,079,743
Net Assets
$1,563,897
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Financial Trends

Organization Details

Formation Year
2006
Legal Domicile
CO
Principal Officer
PATIENCE PEABODY
Phone
7204589889
Tax Period
2023-07-01 to 2024-06-30

BOOK TRUST, founded in 2006, is a community nonprofit in the Education sector that reported $3.5M in total revenue in fiscal year 2023. Expenses of $5.4M exceeded revenue, resulting in a 56% operating deficit.

Mission

THE ORGANIZATION'S MISSION IS TO PROVIDE ALL CHILDREN EQUITABLE ACCESS TO BOOKS OF CHOICE IN ORDER TO PROMOTE READING MOTIVATION AND ENGAGEMENT. BOOK TRUST'S VISION IS THAT EVERY CHILD DISCOVERS THE JOY AND POWER OF READING TO CULTIVATE A LIFELONG LOVE OF LEARNING. SINCE THE ORGANIZATION'S FOUNDING IN 2001, BOOK TRUST HAS GROWN FROM SERVING 170 STUDENTS IN COLORADO TO SERVING 58,106 ELEMENTARY STUDENTS ACROSS 15 STATES DURING THE 2023-2024 ACADEMIC YEAR. THIS SCHOOL YEAR, BOOK TRUST PARTNERED WITH 194 BOOK TRUST MANAGERS AND 2,742 TEACHERS IN 194 SCHOOLS, TO ENGAGE STUDENTS IN BOOK CHOICE, OWNERSHIP, AND CELEBRATION OF OVER 630,000 NEW SCHOLASTIC BOOKS.

Program Service Accomplishments

Program 1
Expenses: $3,013,780 Revenue: $1,028,792

BOOKS - DIRECT COST OF NEW BOOKS THAT ARE CHOSEN AND OWNED BY BOOK TRUST STUDENTS THROUGHOUT THE SCHOOL YEAR. BOOK TRUST IS A TEACHER-LED, STUDENT- DRIVEN NATIONAL EARLY LITERACY PROGRAM WHICH...

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BOOKS - DIRECT COST OF NEW BOOKS THAT ARE CHOSEN AND OWNED BY BOOK TRUST STUDENTS THROUGHOUT THE SCHOOL YEAR. BOOK TRUST IS A TEACHER-LED, STUDENT- DRIVEN NATIONAL EARLY LITERACY PROGRAM WHICH INCLUDES A STEP-BY-STEP SUPPORTED AND EVALUATED PROCESS TO ENSURE STUDENTS HAVE THE OPPORTUNITY TO DISCOVER THE JOY AND POWER OF READING. IN THE 2023-2024 SCHOOL YEAR, 58,106 BOOK TRUST ELEMENTARY STUDENTS IN 194 SCHOOLS ACROSS 15 STATES, SELECTED AND RECEIVED OVER 630,000 NEW SCHOLASTIC BOOKS. BOOK TRUST STUDENTS WERE ABLE TO BUILD THEIR LOVE OF READING AND THEIR OWN HOME LIBRARIES.

Program 2
Expenses: $1,162,891

TEACHER TRAINING AND RESOURCES - DIRECT COST TO DEVELOP AND PROVIDE TEACHER TRAINING, SUPPORT, AND LITERACY RESOURCES TO BOOK TRUST MANAGERS AND TEACHERS THROUGHOUT THE YEAR. BOOK TRUST MANAGERS AND...

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TEACHER TRAINING AND RESOURCES - DIRECT COST TO DEVELOP AND PROVIDE TEACHER TRAINING, SUPPORT, AND LITERACY RESOURCES TO BOOK TRUST MANAGERS AND TEACHERS THROUGHOUT THE YEAR. BOOK TRUST MANAGERS AND TEACHERS VOLUNTEER THEIR TIME TO IMPLEMENT BOOK TRUST'S PROGRAM EVERY MONTH OF THE SCHOOL YEAR. IN 2023-2024, 194 BOOK TRUST MANAGERS AND 2,742 TEACHERS ACROSS 15 STATES RECEIVED BOOK TRUST'S PROGRAM TRAINING, ON-GOING PROGRAM SUPPORT, AND MONTHLY LITERACY RESOURCES TO ENGAGE STUDENTS IN BOOK CHOICE, OWNERSHIP, AND CELEBRATION. BOOK TRUST MANAGERS AND TEACHERS RECEIVE LITERACY TOOLS FOR EARLY READING TACTICS, FAMILY ENGAGEMENT, AND THE BENEFITS OF PLAYING AN ACTIVE ROLE IN DAILY READING IN THE CLASSROOM AND AT HOME. EVALUATION - DIRECT COST TO PROVIDE MONTHLY PROGRAM MONITORING AND EVALUATION TO ENSURE EFFECTIVE AND QUALITY PROGRAM IMPLEMENTATION AND IMPACT. BOOK TRUST'S QUALITATIVE AND QUANTITATIVE EVALUATION PROCESS THROUGHOUT THE YEAR INCLUDES; BUT IS NOT LIMITED TO, SCHOOL SITE VISITS, PROGRAM MONITORING TOOLS, ANNUAL SURVEYS, FOCUS GROUPS, ACADEMIC RESEARCH, AND THIRD-PARTY EVALUATIONS. OPERATIONS - DIRECT COST TO PROVIDE THE ESSENTIAL PROGRAM ADMINISTRATIVE AND OPERATIONAL SUPPORT NECESSARY TO IMPLEMENT THE BOOK TRUST PROGRAM AND TO SUPPORT OUR PARTNER SCHOOLS, TEACHERS, AND STUDENTS WITH HIGH QUALITY AND CONSISTENCY.

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Trantor Score

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

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $2,368,778
Program Service Revenue $1,028,792
Investment Income $86,440
Other Revenue $0
TOTAL REVENUE $3,484,010

Expense Breakdown

Grants Paid $0
Salaries & Benefits $1,798,164
Fundraising Expenses $925,048
Program Expenses $4,176,671
Other Expenses $3,536,197
TOTAL EXPENSES $5,419,936

Year-over-Year Comparison

2023 2022 Change
Revenue $3,484,010 $3,572,630 0.0%
Expenses $5,419,936 $4,444,730 +0.2%
Net Income $-1,935,926 $-872,100 +1.2%
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
9
Independent Members
9
Employees
18
Volunteers
226

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
$419,801
Total Directors
9
$125,853
Key Employees
0
$0
Highest Compensated
2
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
PATIENCE PEABODY PRES/CEO EFF 40.00
Officer
$0 $0 $0
COLLEEN O'KEEFE PRES/CEO THR 40.00
Officer
$276,320 $17,628 $293,948
STACY KIRKLAND INTRM PRES/C 40.00
Officer Director
$122,787 $3,066 $125,853
ALLISON LEE VP OF PROGRA 40.00
Highest
$126,195 $3,918 $130,113
MAIRE DALY VP OF DEVELO 40.00
Highest
$130,633 $3,544 $134,177
DAVID DIEHL TREASURER 2.00
Officer Director
$0 $0 $0
CHERYL ZIMLICH SECRETARY 2.00
Officer Director
$0 $0 $0
DAVID PEREZ DIRECTOR 2.00
Director
$0 $0 $0
NICOLE RIEHL DIRECTOR 2.00
Director
$0 $0 $0
DHARMENDRA SAHAY DIRECTOR 2.00
Director
$0 $0 $0
SWATI GOKHALE DIRECTOR 2.00
Director
$0 $0 $0
ADRIENNE SCHATZ FOUNDER/DIRE 2.00
Director
$0 $0 $0
DARIN ATTEBERRY DIRECTOR 2.00
Director
$0 $0 $0
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 No data No data No data No data
2024 $3,484,010 $5,419,936 $2,079,743 $-1,935,926
2023 $3,572,630 $4,444,730 $4,383,991 $-872,100
2022 $4,071,921 $3,218,464 $4,821,313 $853,457
2021 $3,776,746 $2,812,528 $4,038,184 $964,218
2020 $4,602,454 $3,749,175 $3,031,694 $853,279
2019 $4,387,581 $4,377,737 $1,808,697 $9,844
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