BOOKS ARE WINGS

EIN: 270045877 501(c)(3) Education

PAWTUCKET, RI

Total Revenue
$242,135
Total Expenses
$287,246
Total Assets
$106,160
Net Assets
$106,160
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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year
2001
Legal Domicile
RI
Principal Officer
AMY GERHARD
Phone
4014754882
Tax Period
2022-07-01 to 2023-06-30

BOOKS ARE WINGS, founded in 2001, is a small nonprofit in the Education sector that reported $242K in total revenue in fiscal year 2022. Revenue decreased 18% compared to the prior year. Expenses of $287K exceeded revenue, resulting in a 19% operating deficit.

Mission

PUTTING FREE BOOKS IN THE HANDS OF CHILDREN. BOOKS ARE WINGS SEEKS TO PROVIDE EVERY CHILD WITH REGULAR ACCESS TO BOOKS. BAW WORKS TO ENGAGE STUDENTS IN THEIR CLASSROOMS, AT SCHOOL FUNCTIONS, COMMUNITY EVENTS,AND PLAYGROUNDS. WE BELIEVE THAT OFFERING BOOKS TO CHILDREN IN DIFFERENT ENVIROMENTS INSTILLS A CONISISTENT MESSAGE THAT READING IS NOT JUST SCHOOL WORK- ITS A WAY OF LIFE!

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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

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Financial Overview (2022)

Revenue Breakdown

Contributions & Grants $242,090
Program Service Revenue $0
Investment Income $45
Other Revenue $0
TOTAL REVENUE $242,135

Expense Breakdown

Grants Paid $0
Salaries & Benefits $134,072
Fundraising Expenses $26,801
Program Expenses $225,959
Other Expenses $153,174
TOTAL EXPENSES $287,246

Year-over-Year Comparison

2022 2021 Change
Revenue $242,135 $294,769 -0.2%
Expenses $287,246 $292,191 0.0%
Net Income $-45,111 $2,578 -18.5%
Key Indicators
✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required
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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

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Governance

Voting Members
9
Independent Members
9
Employees
4
Volunteers
30

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
4
$49,657
Total Directors
9
$0
Key Employees
1
$49,657
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JENNIFER SMITH EXECUTIVE DIRECTOR 40.00
Officer Key Emp
$49,657 $0 $49,657
JOHN GEYSEN CHAIR 4.00
Officer Director
$0 $0 $0
NANCY SERPA VICE CHAIR 2.00
Officer Director
$0 $0 $0
AMY GERHARD TREASURER 1.00
Officer Director
$0 $0 $0
LINDA LULLI DIRECTOR 1.00
Director
$0 $0 $0
JESSICA KRYWOSA DIRECTOR 1.00
Director
$0 $0 $0
PAMELA VOGEL DIRECTOR 1.00
Director
$0 $0 $0
CARLENE FONSECA DIRECTOR 1.00
Director
$0 $0 $0
MARY HALPIN DIRECTOR 1.00
Director
$0 $0 $0
DORA GARCIA DIRECTOR 1.00
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 No data No data No data No data
2023 $242,135 $287,246 $106,160 $-45,111
2022 $294,769 $292,191 $151,271 $2,578
2021 $259,444 $205,946 $165,125 $53,498
2020 $242,284 $226,773 $111,627 $15,511
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