BOOKSMILES A NEW JERSEY NONPROFIT CORPORATION

EIN: 823233733 501(c)(3)

PENNSAUKEN, NJ

Total Revenue
$3,080,704
Total Expenses
$2,679,594
Total Assets
$1,126,365
Net Assets
$1,082,803
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2017
Legal Domicile
NJ
Principal Officer
LARRY ABRAMS
Phone
8566617480
Tax Period
2024-11-01 to 2025-10-31

BOOKSMILES A NEW JERSEY NONPROFIT CORPORATION, founded in 2017, is a community nonprofit that reported $3.1M in total revenue in fiscal year 2024. Revenue surged 60% from the prior year, signaling strong growth momentum. Expenses of $2.7M left a modest 13% surplus.

Mission

WE GIVE NEW LIFE TO USED BOOKS AND DISTRIBUTE THEM TO PROMOTE CHILDHOOD LITERACY, INSPIRE READERS, SUPPORT EDUCATORS, AND STRENGTHEN COMMUNITIES.

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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 $2,923,039
Program Service Revenue $84,521
Investment Income $14,384
Other Revenue $58,760
TOTAL REVENUE $3,080,704

Expense Breakdown

Grants Paid $0
Salaries & Benefits $417,543
Fundraising Expenses $88,381
Program Expenses $2,440,722
Other Expenses $2,262,051
TOTAL EXPENSES $2,679,594

Year-over-Year Comparison

2024 2023 Change
Revenue $3,080,704 $1,927,397 +0.6%
Expenses $2,679,594 $1,850,291 +0.4%
Net Income $401,110 $77,106 +4.2%
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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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

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Governance

Voting Members
11
Independent Members
11
Employees
13
Volunteers
3396

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
$70,000
Total Directors
12
$70,000
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
LARRY ABRAMS FOUNDER & EXECUTIVE DIRECT 40.00
Officer Director
$70,000 $0 $70,000
KARA D'ALONZO BOARD CHAIR 1.00
Officer Director
$0 $0 $0
CARYN SHAW VICE CHAIR 1.00
Officer Director
$0 $0 $0
CAROLYN SMART TREASURER 1.00
Officer Director
$0 $0 $0
CYNTHIA GENTILE SECRETARY 1.00
Officer Director
$0 $0 $0
DARIS MCINNIS BOARD MEMBER 1.00
Director
$0 $0 $0
STEVE KOPEW BOARD MEMBER 1.00
Director
$0 $0 $0
MAUREEN COGHLAN BOARD MEMBER 1.00
Director
$0 $0 $0
MEERA NATHAN BOARD MEMBER 1.00
Director
$0 $0 $0
SENATOR TROY SINGLETON BOARD MEMBER 1.00
Director
$0 $0 $0
ARI WEINER BOARD MEMBER 1.00
Director
$0 $0 $0
MATTHEW WELSHER 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 $3,080,704 $2,679,594 $1,126,365 $401,110
2024 $1,927,397 $1,850,291 $753,101 $77,106
2023 $1,207,279 $1,065,112 $523,560 $142,167
2022 $1,179,841 $916,363 $381,393 $263,478
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