Foundation for the Future of Literature and Literacy dba Bay Area Book Festival

EIN: 473955286 501(c)(3) Arts, Culture & Humanities

Berkeley, CA

Total Revenue
$537,373
Total Expenses
$524,083
Total Assets
$106,591
Net Assets
$101,560
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Financial Trends

Organization Details

Formation Year
2015
Legal Domicile
CA
Principal Officer
Brooke Warner
Phone
5102208140
Tax Period
2023-10-01 to 2024-09-30

Foundation for the Future of Literature and Literacy dba Bay Area Book Festival, founded in 2015, is a small nonprofit in the Arts, Culture & Humanities sector that reported $537K in total revenue in fiscal year 2023. Revenue fell 38% from the prior year — a significant decline worth monitoring.

Mission

The Bay Area Book Festival celebrates a wide spectrum of literary voices, nurtures literary culture and community, cultivates literacy, and promotes great literary work, with special attention to work that engages with pressing social issues.We carry out our mission by creating relevant, thoughtful programming that we present at an annual, inclusive, weekend literary festival and in year-round literary events. The Festival features dozens of keynotes, interviews, panels and performances by hundreds of notable writers across literary genres and backgrounds. The festival also includes a robust outdoor fair with hundreds of literary exhibitors and a range of childrens activities.

Program Service Accomplishments

Program 1
Expenses: $461,637 Revenue: $57,503

The Bay Area Book Festival celebrated its 10th anniversary June 1-2 in downtown Berkeley. Attendees were treated to top-tier speakers the festival is known to showcase as well as new attractions...

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The Bay Area Book Festival celebrated its 10th anniversary June 1-2 in downtown Berkeley. Attendees were treated to top-tier speakers the festival is known to showcase as well as new attractions, including a full day of workshops for emerging writers, four headliner events, a reimagined outdoor fair in the park (Sunday only), and our inaugural Native California stage. Except for evening headliners at Freight & Salvage, the festival was presented free to the public. Most indoor programs were at or near capacity in terms of attendance, with the reconfigured outdoor fair in the park drawing rave reviews as well as its largest attendance ever. Overall, the festival drew an estimated attendance of 10,000 people from all over the region. Among the 200 authors presented in 2024, headliners included the incomparable Joan Baez, cultural commentator Naomi Klein, and a trio of book-to-screen superstars (Viet Thanh Nguyen, Piper Kerman, and Alka Joshi). Free programming featured nearly 100 speakers, including Jonathan Lethem, Amy Tan, Steve Phillips and Forrest Gander, and rising stars like Tommy Orange, R.O. Kwon, and poet Brontez Purnell.Writers Day Saturday, June 1The festivals first-ever Writers Day offered free writing workshops for emerging and published writers

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

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $478,642
Program Service Revenue $57,503
Investment Income $1,228
Other Revenue $0
TOTAL REVENUE $537,373

Expense Breakdown

Grants Paid $0
Salaries & Benefits $94,181
Fundraising Expenses $10,200
Program Expenses $461,637
Other Expenses $429,902
TOTAL EXPENSES $524,083

Year-over-Year Comparison

2023 2022 Change
Revenue $537,373 $871,266 -0.4%
Expenses $524,083 $913,504 -0.4%
Net Income $13,290 $-42,238 -1.3%
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
5
Independent Members
4
Employees
4
Volunteers
250

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
3
$2,100
Total Directors
5
$2,100
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Aya de Leon Prog. Director 30.00
Officer Director
$2,100 $0 $2,100
Brooke Warner President 10.00
Officer Director
$0 $0 $0
George Rehm Treasurer 10.00
Officer Director
$0 $0 $0
Aida Salazar Board Member 10.00
Director
$0 $0 $0
Piper Kerman Board Member 10.00
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
2024 $537,373 $524,083 $106,591 $13,290
2023 $871,266 $913,504 $90,408 $-42,238
2022 $891,473 $1,179,682 $137,825 $-288,209
2021 $860,633 $705,005 $421,755 $155,628
2019 $1,215,617 $1,094,174 $301,699 $121,443
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