NEW HAVEN READS COMMUNITY BOOK BANK INC

EIN: 760807330 501(c)(3) Education

NEW HAVEN, CT

Total Revenue
$1,243,365
Total Expenses
$1,101,038
Total Assets
$2,580,602
Net Assets
$2,542,260
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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
2005
Legal Domicile
CT
Principal Officer
KIRSTEN LEVINSOHN
Phone
2037521923
Tax Period
2022-07-01 to 2023-06-30

NEW HAVEN READS COMMUNITY BOOK BANK INC, founded in 2005, is a community nonprofit in the Education sector that reported $1.2M in total revenue in fiscal year 2022. Expenses of $1.1M left a modest 11% surplus.

Mission

FOUNDED TO SHARE THE JOY AND POWER OF READING, NEW HAVEN READS PARTNERS WITH THE COMMUNITY TO PROVIDE FREE 1-ON-1 TUTORING, EDUCATIONAL FAMILY SUPPORT, AND A BOOK BANK TO EMPOWER ASPIRING READERS TO MASTER THE LITERACY SKILLS NEEDED TO THRIVE IN SCHOOL AND LIFE.

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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 $1,212,449
Program Service Revenue $0
Investment Income $16,337
Other Revenue $14,579
TOTAL REVENUE $1,243,365

Expense Breakdown

Grants Paid $0
Salaries & Benefits $860,578
Fundraising Expenses $55,415
Program Expenses $916,178
Other Expenses $240,460
TOTAL EXPENSES $1,101,038

Year-over-Year Comparison

2022 2021 Change
Revenue $1,243,365 N/A N/A
Expenses $1,101,038 N/A N/A
Net Income $142,327 $0 N/A
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
18
Independent Members
17
Employees
44
Volunteers
330

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
$79,560
Total Directors
18
$79,560
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
LAURIE DESMET VICE PRESIDENT 2.00
Officer Director
$0 $0 $0
ANDY BABIAK BOARD MEMBER 1.00
Director
$0 $0 $0
JODI BENJAMIN SCHNEIDER BOARD MEMBER 1.00
Director
$0 $0 $0
GARY WINFIELD BOARD MEMBER 1.00
Director
$0 $0 $0
KIRSTEN LEVINSOHN EXECUTIVE DIRECTOR 40.00
Officer Director
$79,560 $0 $79,560
OSCAR SUAREZ SECRETARY 1.00
Officer Director
$0 $0 $0
TED COHEN BOARD MEMBER 1.00
Director
$0 $0 $0
ALEX KLEINER TREASURER 2.00
Officer Director
$0 $0 $0
ANNETTE CHARLES BOARD MEMBER 1.00
Director
$0 $0 $0
JUDITH NACCA BOARD MEMBER 1.00
Director
$0 $0 $0
STEPHANIE WILLIS BOARD MEMBER 1.00
Director
$0 $0 $0
SUSAN RIGGS PRESIDENT 4.00
Officer Director
$0 $0 $0
AMY CHIVETTA BOARD MEMBER 1.00
Director
$0 $0 $0
DARA GIBBS BOARD MEMBER 1.00
Director
$0 $0 $0
CHARLIE MASON BOARD MEMBER 1.00
Director
$0 $0 $0
FALLON THOMAS BOARD MEMBER 1.00
Director
$0 $0 $0
SEBASTIAN WARD BOARD MEMBER 1.00
Director
$0 $0 $0
STUART WARNER BOARD MEMBER 1.00
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
2025 No data No data No data No data
2024 No data No data No data No data
2023 $1,243,365 $1,101,038 $2,580,602 $142,327
2022 $1,300,040 $974,335 $2,344,164 $325,705
2021 $1,265,882 $935,395 $2,107,401 $330,487
2020 $1,263,218 $947,164 $1,830,932 $316,054
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