AN OPEN BOOK FOUNDATION

EIN: 274234601 501(c)(3) Education

WASHINGTON, DC

Total Revenue
$642,221
Total Expenses
$697,605
Total Assets
$498,182
Net Assets
$489,947
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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
2010
Legal Domicile
DC
Principal Officer
HEIDI POWELL
Phone
2026867115
Tax Period
2022-07-01 to 2023-06-30

AN OPEN BOOK FOUNDATION, founded in 2010, is a small nonprofit in the Education sector that reported $642K in total revenue in fiscal year 2022.

Mission

AN OPEN BOOK FOUNDATION CONNECTS WASHINGTON, DC-AREA STUDENTS WITH AUTHORS, ILLUSTRATORS, AND THEIR BOOKS TO NURTURE A LIFELONG LOVE OF READING. WE SUPPORT EDUCATIONAL JUSTICE BY BUILDING EQUITABLE ACCESS TO INTERACTIVE LITERACY ENRICHMENT AND HIGH-QUALITY BOOKS.

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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 $631,140
Program Service Revenue $0
Investment Income $11,081
Other Revenue $0
TOTAL REVENUE $642,221

Expense Breakdown

Grants Paid $13,550
Salaries & Benefits $454,959
Fundraising Expenses $261
Program Expenses $641,350
Other Expenses $229,096
TOTAL EXPENSES $697,605

Year-over-Year Comparison

2022 2021 Change
Revenue $642,221 $625,485 +0.0%
Expenses $697,605 $568,761 +0.2%
Net Income $-55,384 $56,724 -2.0%
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
8
Independent Members
8
Employees
8
Volunteers
10

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
6
$75,843
Total Directors
9
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
CAROLYN VINSON BOU BOARD CHAIR 2.00
Officer Director
$0 $0 $0
HOPE HARROD BOARD VICE CHAIR 2.00
Officer Director
$0 $0 $0
DEBORAH LITT SECRETARY 2.00
Officer Director
$0 $0 $0
DEEP MASTER TREASURER 2.00
Officer Director
$0 $0 $0
DREW ADES DIRECTOR 2.00
Director
$0 $0 $0
MICHELLE EDWARDS DIRECTOR 2.00
Director
$0 $0 $0
JEWELL PARKER RHODES DIRECTOR (UNTIL 11/2022) 2.00
Director
$0 $0 $0
DEB SHAPIRO DIRECTOR 2.00
Director
$0 $0 $0
CHRISTOPHER STEWART DIRECTOR 2.00
Director
$0 $0 $0
HEIDI POWELL CO-FOUNDING DIRECTOR 40.00
Officer
$74,510 $0 $74,510
DARA LA PORTE CO-FOUNDING DIRECTOR (UNTIL 06/2023) 40.00
Officer
$1,333 $0 $1,333
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 $642,221 $697,605 $498,182 $-55,384
2022 $625,485 $568,761 $612,841 $56,724
2021 $174,684 $253,311 $660,743 $-78,627
2020 $591,268 $439,706 $756,612 $151,562
2019 $432,771 $374,711 $683,363 $58,060
2018 $329,651 $319,910 $666,993 $9,741
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