Totals
- Total revenue
- $77,064,962
- Total expenses
- $75,011,326
- Contributions and grants received
- $63,087,127
- Grants paid
- $226,238
- Program service revenue
- $13,942,867
- Investment income
- $34,968
- Other revenue
- $0
- Total assets, end of year
- $33,492,739
- Total liabilities, end of year
- $4,449,018
- Net assets or fund balances, end of year
- $29,043,721
- Program services expenses (Part IX)
- $70,146,155
- Management and general expenses
- $3,142,298
- Fundraising expenses
- $1,722,873
- Program service expenses (Part III)
- $70,146,155
Program services were 93.5% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.
Line items
Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.
Revenue
Part VIII, the statement of revenue.
-
1a · Federated campaigns
$0
-
1b · Membership dues
$0
-
1c · Fundraising events
$0
-
1d · Related organizations
$0
-
1e · Government grants (contributions)
$0
-
1f · All other contributions, gifts and grants
$63,087,127
-
1g · Noncash contributions included above
$48,749,719
-
2a · Program service revenue: FIRST BOOK MARKETPLACE SALES
total $13,942,867 · related or exempt $13,942,867 · unrelated business $0 · excluded $0
-
2f · All other program service revenue
total $0 · related or exempt $0 · unrelated business $0 · excluded $0
-
3 · Investment income
total $35,581 · unrelated business $0 · excluded $35,581
-
4 · Income from investment of tax-exempt bond proceeds
total $0 · related or exempt $0
-
5 · Royalties
total $0 · related or exempt $0
-
6c · Rental income or loss
real property $0 · personal property $0
-
6d · Net rental income or loss
total $0 · related or exempt $0
-
7b · Less cost or other basis and sales expenses
securities -$613
-
7c · Gain or loss
securities $613 · other assets $0
-
7d · Net gain or loss
total -$613 · unrelated business $0 · excluded -$613
-
8a · Fundraising events: contributions included on line 1c
$0
-
8b · Fundraising events: direct expenses
$0
-
8c · Net income from fundraising events
total $0
-
9a · Gaming: gross income
$0
-
9b · Gaming: direct expenses
$0
-
10a · Gross sales of inventory
$0
-
10b · Cost of goods sold
$0
-
11a · Other revenue
total $0 · related or exempt $0 · unrelated business $0 · excluded $0
-
11d · All other revenue
total $0 · related or exempt $0 · unrelated business $0 · excluded $0
-
11e · Other revenue, total
$0
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $70,000 · program services $70,000
-
3 · Grants to foreign organizations and individuals
total $156,238 · program services $156,238
-
5 · Compensation of officers, directors and key employees
total $1,295,073 · program services $765,568 · management and general $328,095 · fundraising $201,410
-
7 · Other salaries and wages
total $5,781,963 · program services $3,417,946 · management and general $1,464,808 · fundraising $899,209
-
9 · Other employee benefits
total $785,054 · program services $464,076 · management and general $198,886 · fundraising $122,092
-
10 · Payroll taxes
total $511,701 · program services $302,486 · management and general $129,635 · fundraising $79,580
-
11b · Fees: legal
total $12,753 · management and general $12,753
-
11c · Fees: accounting
total $119,137 · management and general $119,137
-
11g · Fees: other
total $0 · program services $0 · management and general $0 · fundraising $0
-
12 · Advertising and promotion
total $269,128 · program services $201,852 · management and general $31,887 · fundraising $35,389
-
13 · Office expenses
total $172,229 · program services $139,612 · management and general $28,542 · fundraising $4,075
-
14 · Information technology
total $1,525,768 · program services $1,063,710 · management and general $261,903 · fundraising $200,155
-
16 · Occupancy
total $547,413 · program services $330,186 · management and general $182,471 · fundraising $34,756
-
17 · Travel
total $120,687 · program services $72,134 · management and general $45,895 · fundraising $2,658
-
19 · Conferences, conventions and meetings
total $35,793 · program services $15,602 · management and general $20,191
-
23 · Insurance
total $74,407 · management and general $74,407
-
24a · Other expenses: PRG EXP - DONATED INVENTORY
total $44,862,465 · program services $44,862,465
-
24b · Other expenses: PRG EXP -PURCHASED INVENTORY
total $11,671,959 · program services $11,671,959
-
24c · Other expenses: PRG EXP - SHIPPING
total $3,279,225 · program services $3,279,225
-
24d · Other expenses: PRG EXP - WAREHOUSE
total $2,205,201 · program services $2,205,201
-
24e · All other expenses
total $1,515,132 · program services $1,127,895 · management and general $243,688 · fundraising $143,549
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $3,837,713 · end of year $505,788
-
4 · Accounts receivable
beginning of year $6,168,848 · end of year $5,391,021
-
5 · Loans and receivables from officers and key people
beginning of year $0 · end of year $0
-
6 · Loans and receivables from disqualified persons
beginning of year $0 · end of year $0
-
8 · Inventories for sale or use
beginning of year $24,125,956 · end of year $26,326,670
-
9 · Prepaid expenses and deferred charges
beginning of year $453,376 · end of year $392,145
-
10a · Land, buildings and equipment: cost or other basis
$0
-
10b · Land, buildings and equipment: accumulated depreciation
$0
-
10c · Land, buildings and equipment, net
beginning of year $0 · end of year $0
-
11 · Investments: publicly traded securities
beginning of year $23,574 · end of year $27,810
-
12 · Investments: other securities
beginning of year $0
-
13 · Investments: program-related
beginning of year $0
-
15 · Other assets
beginning of year $1,375,572 · end of year $849,305
-
17 · Accounts payable and accrued expenses
beginning of year $5,338,065 · end of year $2,630,391
-
18 · Grants payable
beginning of year $1,502,989 · end of year $376,501
-
19 · Deferred revenue
beginning of year $224,731 · end of year $9,027
-
22 · Loans and payables to officers and key people
beginning of year $0 · end of year $0
-
25 · Other liabilities
beginning of year $1,933,388 · end of year $1,433,099
-
27 · Net assets without donor restrictions
beginning of year $17,533,649 · end of year $21,139,411
-
28 · Net assets with donor restrictions
beginning of year $9,452,217 · end of year $7,904,310
Mission and programs · 2025
Mission
FOUNDED IN 1992, FIRST BOOK IS A NONPROFIT SOCIAL ENTERPRISE BUILDING A WORLD WHERE ALL CHILDREN HAVE ACCESS TO A QUALITY EDUCATION. WE ARE ON A MISSION TO ENSURE THAT ALL CHILDREN, REGARDLESS OF THEIR BACKGROUND OR ZIP CODE, CAN SUCCEED BY REMOVING BARRIERS TO EQUITABLE EDUCATION BECAUSE EDUCATION TRANSFORMS LIVES.
Activities or mission (Part I)
IMAGINE A WORLD WHERE EVERY CHILD EXPERIENCES THE BENEFITS OF A QUALITY EDUCATION. WE'RE ON A MISSION TO ENSURE THAT ALL CHILDREN, REGARDLESS OF THEIR BACKGROUND OR ZIP CODE, CAN SUCCEED AND REACH THEIR FULL POTENTIAL.
-
FIRST BOOK IS BUILDING A WORLD WHERE EVERY CHILD HAS ACCESS TO A QUALITY EDUCATION. WE WORK TO REMOVE BARRIERS TO EDUCATION AND LEVEL THE PLAYING FIELD FOR KIDS IN NEED. AT THE HEART OF OUR WORK ARE THE 600,000+ MEMBERS OF THE FIRST BOOK NETWORK, THE LARGEST ONLINE COMMUNITY OF INDIVIDUAL EDUCATORS, PROFESSIONALS AND VOLUNTEERS DEDICATED TO SUPPORTING CHILDREN LIVING IN LOW-INCOME COMMUNITIES ACROSS NORTH AMERICA. THIS NETWORK IS THE KEY TO CREATING LASTING CHANGE. THROUGH OUR RESEARCH ARM, FIRST BOOK RESEARCH & INSIGHTS, WE CONDUCT STUDIES THAT AGGREGATE THEIR VOICES TO IDENTIFY CHALLENGES, NEEDS, AND SOLUTIONS. TO ADDRESS THEIR NEEDS, WE PROVIDE FREE AND LOW-COST BOOKS, RESOURCES AND ACCESS TO LEADING EXPERTS THROUGH THE FIRST BOOK MARKETPLACE, WHICH USES AGGREGATED BUYING POWER TO SUPPORT THEIR WORK.
Expenses $70,146,155 · Grants $226,238 · Revenue $13,942,867
As filed on the 2025 return.
Listed in Part VII
-
Kyle ZimmerKYLE ZIMMER
CHIEF EXECUTIVE OFFICER
- Total calculated
- $258,540
- From this org
- $243,182
- From related orgs
- $0
- Other
- $15,358
- Hours/week
- 35
Schedule J breakdown matched by us
- Base
- $243,182
- Bonus
- $0
- Other
- $0
- Deferred
- $2,262
- Nontaxable benefits
- $13,096
- Filer's total
- $258,540
-
Anita WhiteheadANITA WHITEHEAD
DIRECTOR (AS OF 9/18/2025)
- Total calculated
- $0
- Hours/week
- 1
-
Artie StarsARTIE STARS
DIRECTOR (THRU 2/1/2026)
- Total calculated
- $0
-
Carla Thompson PaytonCARLA THOMPSON PAYTON
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Christopher CerfCHRISTOPHER CERF
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Dr Martha BernadettDR MARTHA BERNADETT
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Karen Kehela SherwoodKAREN KEHELA SHERWOOD
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Kathy FranklinKATHY FRANKLIN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Libby DoggettLIBBY DOGGETT
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Lidia Soto-HarmonLIDIA SOTO-HARMON
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Manish MadhavaniMANISH MADHAVANI
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Sharon Price JohnSHARON PRICE JOHN
DIRECTOR (AS OF 05/15/2025)
- Total calculated
- $0
- Hours/week
- 1
-
Daniel StokesDANIEL STOKES
CHIEF ADMINISTRATIVE OFFICER
- Total calculated
- $255,392
- From this org
- $235,962
- From related orgs
- $0
- Other
- $19,430
- Hours/week
- 35
Schedule J breakdown matched by us
- Base
- $235,962
- Bonus
- $0
- Other
- $0
- Deferred
- $2,467
- Nontaxable benefits
- $16,963
- Filer's total
- $255,392
-
Etienne VeberETIENNE VEBER
CHIEF OPERATING OFFICER
- Total calculated
- $256,924
- From this org
- $235,593
- From related orgs
- $0
- Other
- $21,331
- Hours/week
- 35
Schedule J breakdown matched by us
- Base
- $235,593
- Bonus
- $0
- Other
- $0
- Deferred
- $617
- Nontaxable benefits
- $20,714
- Filer's total
- $256,924
-
Wendy LinWENDY LIN
CHIEF FINANCIAL OFFICER
- Total calculated
- $254,314
- From this org
- $238,764
- From related orgs
- $0
- Other
- $15,550
- Hours/week
- 35
Schedule J breakdown matched by us
- Base
- $238,764
- Bonus
- $0
- Other
- $0
- Deferred
- $2,467
- Nontaxable benefits
- $13,083
- Filer's total
- $254,314
-
Dana BondDANA BOND
EXECUTIVE VICE PRESIDENT, STRATEGIC ALLIANCES
- Total calculated
- $232,951
- From this org
- $217,273
- From related orgs
- $0
- Other
- $15,678
- Hours/week
- 35
Schedule J breakdown matched by us
- Base
- $217,273
- Bonus
- $0
- Other
- $0
- Deferred
- $2,199
- Nontaxable benefits
- $13,479
- Filer's total
- $232,951
-
Carlos CanalesCARLOS CANALES
VP, IT
- Total calculated
- $138,503
- From this org
- $124,300
- From related orgs
- $0
- Other
- $14,203
- Hours/week
- 35
-
David YoungDAVID YOUNG
SENIOR CLOUD ARCHITECT
- Total calculated
- $138,878
- From this org
- $117,669
- From related orgs
- $0
- Other
- $21,209
- Hours/week
- 35
-
Lynnette ApplingLYNNETTE APPLING
SVP, HUMAN RESOURCES
- Total calculated
- $178,424
- From this org
- $165,312
- From related orgs
- $0
- Other
- $13,112
- Hours/week
- 35
Schedule J breakdown matched by us
- Base
- $165,312
- Bonus
- $0
- Other
- $0
- Deferred
- $1,138
- Nontaxable benefits
- $11,974
- Filer's total
- $178,424
-
Marcella CorreaMARCELLA CORREA
VP, GLOBAL STRATEGOES
- Total calculated
- $157,342
- From this org
- $155,242
- From related orgs
- $0
- Other
- $2,100
- Hours/week
- 35
Schedule J breakdown matched by us
- Base
- $155,242
- Bonus
- $0
- Other
- $0
- Deferred
- $1,035
- Nontaxable benefits
- $1,065
- Filer's total
- $157,342
-
Staci HarrisSTACI HARRIS
SR. DIRECTOR, MARCOM
- Total calculated
- $142,787
- From this org
- $141,724
- From related orgs
- $0
- Other
- $1,063
- Hours/week
- 35
Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.
Schedule J
Answered yes
- 3 · Compensation committee
- 3 · Approval by the board or compensation committee
Answered no
- 4a · Severance or change-of-control payment
- 4b · Supplemental nonqualified retirement plan
- 4c · Equity-based compensation arrangement
- 5a · Pay contingent on this organization's revenues
- 5b · Pay contingent on a related organization's revenues
- 6a · Pay contingent on this organization's net earnings
- 6b · Pay contingent on a related organization's net earnings
- 7 · Other non-fixed payments
- 8 · Paid under the initial-contract exception
Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.
Grants on this return
No itemized grants to organizations on this return.
Provenance
- Return type
- form_990
- Tax year
- 2025
- Filed
- 3 September 2026
- IRS schema version
- 2025v4.2
- Source object
- 202632469349300523
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