THE MARYLAND BOOK BANK INC

EIN: 462714742 501(c)(3) Arts, Culture & Humanities

BALTIMORE, MD

Total Revenue
$4,588,940
Total Expenses
$4,350,528
Total Assets
$922,878
Net Assets
$912,460
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2013
Legal Domicile
MD
Principal Officer
MARK FEIRING
Phone
4105981771
Tax Period
2023-01-01 to 2023-12-31

THE MARYLAND BOOK BANK INC, founded in 2013, is a community nonprofit in the Arts, Culture & Humanities sector that reported $4.6M in total revenue in fiscal year 2023. Revenue grew 14% year-over-year, indicating healthy expansion. Expenses of $4.4M left a modest 5% surplus.

Mission

MBB seeks to bridge the literacy gap through increased access to quality age-appropriate books in homes, classrooms and community settings. We do so by equipping those we serve with the power to choose age-appropriate books to build their own libraries.

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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 (2023)

Revenue Breakdown

Contributions & Grants $5,176,760
Program Service Revenue $0
Investment Income $0
Other Revenue $-587,820
TOTAL REVENUE $4,588,940

Expense Breakdown

Grants Paid $3,879,800
Salaries & Benefits $229,278
Fundraising Expenses $18,533
Program Expenses $4,197,849
Other Expenses $241,450
TOTAL EXPENSES $4,350,528

Year-over-Year Comparison

2023 2022 Change
Revenue $4,588,940 $4,029,603 +0.1%
Expenses $4,350,528 $4,564,472 0.0%
Net Income $238,412 $-534,869 -1.4%
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

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Liquidity & Cash Position

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Governance

Voting Members
16
Independent Members
16
Employees
11
Volunteers
1330

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
1
$77,799
Total Directors
12
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
MARK FEIRING EXECUTIVE DIRECTOR 40.00
Officer
$77,799 $0 $77,799
JENNIFER BELL-ELLWANGER BOARD CHAIR 0.25
Director
$0 $0 $0
STEPHANIE SHACK BOARD MEMBER 0.25
Director
$0 $0 $0
KRISTIN N DODSON BOARD MEMBER 0.25
Director
$0 $0 $0
DOUG WOODWARD CFP BOARD MEMBER 0.25
Director
$0 $0 $0
SARAH HACKNEY CPA TREASURER, FINANCE CHAIR 2.30
Director
$0 $0 $0
MADISON BORIS BOARD MEMBER 1.15
Director
$0 $0 $0
LINDSEY SULLIVAN BOARD MEMBER 0.25
Director
$0 $0 $0
LY-ANH M MCCOY BOARD MEMBER 0.25
Director
$0 $0 $0
DARIAN SENN-CARTER BOARD MEMBER 0.25
Director
$0 $0 $0
DEBORAH SHARPE BOARD MEMBER 0.25
Director
$0 $0 $0
TANYA TURNER BOARD MEMBER 0.25
Director
$0 $0 $0
BRANDON BACOTE BOARD MEMBER 0.25
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
2024 No data No data No data No data
2023 $4,588,940 $4,350,528 $922,878 $238,412
2022 $4,029,603 $4,564,472 $370,105 $-534,869
2021 $4,917,061 $4,900,866 $907,685 $16,195
2020 $5,064,483 $4,891,906 $730,963 $172,577
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