INTERNATIONAL BOOK PROJECT INC

EIN: 616039627 501(c)(3) International Affairs

LEXINGTON, KY

Total Revenue
$1,508,116
Total Expenses
$1,409,895
Total Assets
$1,160,163
Net Assets
$1,160,163
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1966
Legal Domicile
KY
Principal Officer
RACHEL RAY
Phone
8592546771
Tax Period
2024-01-01 to 2024-12-31

INTERNATIONAL BOOK PROJECT INC, founded in 1966, is a community nonprofit in the International Affairs sector that reported $1.5M in total revenue in fiscal year 2024. Revenue fell 54% from the prior year — a significant decline worth monitoring. Expenses of $1.4M left a modest 7% surplus.

Mission

INTERNATIONAL BOOK PROJECT DEVELOPS LASTING PARTNERSHIPS WITH EDUCATORS IN UNDERSERVED COMMUNITIES TO PROVIDE BOOKS, PROMOTE LITERACY, AND ADVANCE OPPORTUNITY.

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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 $1,478,089
Program Service Revenue $4,244
Investment Income $23,571
Other Revenue $2,212
TOTAL REVENUE $1,508,116

Expense Breakdown

Grants Paid $1,100,340
Salaries & Benefits $175,468
Fundraising Expenses $41,350
Program Expenses $1,316,117
Other Expenses $134,087
TOTAL EXPENSES $1,409,895

Year-over-Year Comparison

2024 2023 Change
Revenue $1,508,116 $3,314,362 -0.5%
Expenses $1,409,895 $3,369,488 -0.6%
Net Income $98,221 $-55,126 -2.8%
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

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Liquidity & Cash Position

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Governance

Voting Members
13
Independent Members
13
Employees
6
Volunteers
297

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
5
$59,593
Total Directors
14
$59,593
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
LISA FRYMAN EXECUTIVE DIRECTOR 40.00
Officer Director
$59,593 $0 $59,593
ALICE BOWEN PRESIDENT 1.00
Officer Director
$0 $0 $0
DANIEL SPRAGUE AT-LARGE 0.30
Officer Director
$0 $0 $0
JORDAN PARKER SECRETARY 0.30
Officer Director
$0 $0 $0
WADE LITTRELL TREASURER 1.00
Officer Director
$0 $0 $0
HANNAH LEGRIS BOARD MEMBER 0.30
Director
$0 $0 $0
DAVID COBB BOARD MEMBER 0.30
Director
$0 $0 $0
JOSH DOUGLAS BOARD MEMBER 0.30
Director
$0 $0 $0
ALEX GARDNER BOARD MEMBER 0.30
Director
$0 $0 $0
KENDALL ANDERSON BOARD MEMBER 0.30
Director
$0 $0 $0
WILL GLASSCOCK BOARD MEMBER 0.30
Director
$0 $0 $0
JUSTIN MORGAN BOARD MEMBER 0.30
Director
$0 $0 $0
LORNA PATCHES BOARD MEMBER 0.30
Director
$0 $0 $0
KRISTEN PERRY BOARD MEMBER 0.30
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 $1,508,116 $1,409,895 $1,160,163 $98,221
2023 $3,314,362 $3,369,488 $1,009,251 $-55,126
2022 $2,389,161 $2,385,231 $1,015,924 $3,930
2021 $3,293,636 $3,342,923 $1,136,149 $-49,287
2020 $3,384,240 $3,407,421 $1,196,092 $-23,181
2019 $3,692,955 $3,731,241 $1,278,203 $-38,286
2018 $2,116,601 $2,141,650 $1,275,666 $-25,049
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