BARBERSHOP BOOKS INC

EIN: 464377279 501(c)(3) Education

NEW YORK, NY

Total Revenue
$1,052,082
Total Expenses
$1,032,983
Total Assets
$776,637
Net Assets
$690,375
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2017
Legal Domicile
NY
Principal Officer
ALVIN IRBY
Phone
3474708779
Tax Period
2024-07-01 to 2025-06-30

BARBERSHOP BOOKS INC, founded in 2017, is a community nonprofit in the Education sector that reported $1.1M in total revenue in fiscal year 2024. Revenue decreased 14% compared to the prior year.

Mission

THE MISSION OF BARBERSHOP BOOKS, INC. IS TO INSPIRE BLACK BOYS AND OTHER VULNERABLE CHILDREN TO READ FOR FUN THROUGH CHILD CENTERED, CULTURALLY RESPONSIVE, AND COMMUNITY-BASED PROGRAMMING AND CONTENT.

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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 (2024)

Revenue Breakdown

Contributions & Grants $964,860
Program Service Revenue $73,466
Investment Income $0
Other Revenue $13,756
TOTAL REVENUE $1,052,082

Expense Breakdown

Grants Paid $10,000
Salaries & Benefits $388,094
Fundraising Expenses $63,462
Program Expenses $751,996
Other Expenses $634,889
TOTAL EXPENSES $1,032,983

Year-over-Year Comparison

2024 2023 Change
Revenue $1,052,082 $1,229,799 -0.1%
Expenses $1,032,983 $911,970 +0.1%
Net Income $19,099 $317,829 -0.9%
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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Governance

Voting Members
16
Independent Members
16
Employees
8
Volunteers
5

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
$130,967
Total Directors
16
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
ROLAND KENNEDY JR PRESIDENT 1.00
Officer Director
$0 $0 $0
MICHAEL KAPLAN TREASURER 1.00
Officer Director
$0 $0 $0
JALEN ALEXANDER SECRETARY 1.00
Officer Director
$0 $0 $0
FARHAD ASGHAR MEMBER 1.00
Director
$0 $0 $0
DR SHIRLEY SMITH MEMBER 1.00
Director
$0 $0 $0
HEIDI L HAMILTON MEMBER 1.00
Director
$0 $0 $0
WILLIAM PUGH MEMBER 1.00
Director
$0 $0 $0
WILLIAM BIFULCO MEMBER 1.00
Director
$0 $0 $0
MARK LOWE MEMBER 1.00
Director
$0 $0 $0
QUENTIN MARTIN MEMBER 1.00
Director
$0 $0 $0
LAURENCE WELCH MEMBER 1.00
Director
$0 $0 $0
SOPHIE PAUZE MEMBER 1.00
Director
$0 $0 $0
ADRIAN MAYSE MEMBER 1.00
Director
$0 $0 $0
DEBORAH EMBAIE MEMBER 1.00
Director
$0 $0 $0
MICHAEL JAMES MEMBER 1.00
Director
$0 $0 $0
MARTIN PRATT MEMBER 1.00
Director
$0 $0 $0
ALVIN IRBY EXECUTIVE DIRECTOR 40.00
Officer
$119,462 $11,505 $130,967
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 $1,052,082 $1,032,983 $776,637 $19,099
2024 No data No data No data No data
2023 $857,252 $840,465 $395,192 $16,787
2022 $329,313 $570,653 $383,381 $-241,340
2021 $544,971 $357,930 $387,264 $187,041
2020 $239,016 $214,737 $259,920 $24,279
2019 $228,725 $138,748 $168,075 $89,977
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