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Nonprofiteer
← NATIONAL BOOK FOUNDATION INC

Form 990 for tax year 2023

Filed by NATIONAL BOOK FOUNDATION INC.

Totals

Total revenue
$3,106,519
Total expenses
$2,658,910
Contributions and grants received
$2,528,742
Grants paid
$95,000
Program service revenue
$438,159
Investment income
$124,305
Other revenue
$15,313
Total assets, end of year
$5,643,387
Total liabilities, end of year
$319,937
Net assets or fund balances, end of year
$5,323,450
Program services expenses (Part IX)
$1,974,774
Management and general expenses
$293,503
Fundraising expenses
$390,633
Program service expenses (Part III)
$1,974,774

Program services were 74.3% 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.

  • 1c · Fundraising events

    $598,277

  • 1e · Government grants (contributions)

    $173,890

  • 1f · All other contributions, gifts and grants

    $1,756,575

  • 1g · Noncash contributions included above

    $95,695

  • 2a · Program service revenue: ENTRY FEES

    total $260,821 · related or exempt $260,821

  • 2b · Program service revenue: MEDALLION SALES

    total $103,246 · related or exempt $103,246

  • 2c · Program service revenue: FINALIST FEES

    total $47,250 · related or exempt $47,250

  • 2d · Program service revenue: CONTRACT INCOME

    total $26,842 · related or exempt $26,842

  • 3 · Investment income

    total $124,305 · excluded $124,305

  • 5 · Royalties

    total $361 · excluded $361

  • 7a · Gross sales of assets other than inventory

    securities $93,361

  • 7b · Less cost or other basis and sales expenses

    securities $93,361

  • 7c · Gain or loss

    securities $0

  • 7d · Net gain or loss

    total $0

  • 8a · Fundraising events: gross income

    $518,177

  • 8a · Fundraising events: contributions included on line 1c

    $598,277

  • 8b · Fundraising events: direct expenses

    $518,177

  • 8c · Net income from fundraising events

    total $0

  • 11a · Other revenue: OTHER INCOME

    total $14,952 · excluded $14,952

  • 11e · Other revenue, total

    $14,952

Functional expenses

Part IX, the statement of functional expenses.

  • 2 · Grants to domestic individuals

    total $95,000 · program services $95,000

  • 5 · Compensation of officers, directors and key employees

    total $281,302 · program services $225,042 · management and general $27,310 · fundraising $28,950

  • 7 · Other salaries and wages

    total $919,386 · program services $659,888 · management and general $70,537 · fundraising $188,961

  • 8 · Pension plan contributions

    total $34,490 · program services $24,432 · management and general $3,375 · fundraising $6,683

  • 9 · Other employee benefits

    total $117,304 · program services $85,163 · management and general $9,274 · fundraising $22,867

  • 10 · Payroll taxes

    total $94,205 · program services $69,272 · management and general $7,696 · fundraising $17,237

  • 11c · Fees: accounting

    total $70,462 · management and general $70,462

  • 11g · Fees: other

    total $32,062 · management and general $32,062

  • 12 · Advertising and promotion

    total $2,771 · program services $901 · management and general $970 · fundraising $900

  • 13 · Office expenses

    total $286,719 · program services $197,579 · management and general $56,533 · fundraising $32,607

  • 16 · Occupancy

    total $110,316 · program services $81,369 · management and general $8,700 · fundraising $20,247

  • 17 · Travel

    total $101,988 · program services $94,744 · management and general $4,305 · fundraising $2,939

  • 22 · Depreciation, depletion and amortization

    total $9,184 · program services $6,753 · management and general $751 · fundraising $1,680

  • 23 · Insurance

    total $9,232 · program services $6,789 · management and general $754 · fundraising $1,689

  • 24a · Other expenses: HONORARIA

    total $231,894 · program services $231,894

  • 24b · Other expenses: BOOKS AND SUBSCRIPTIONS

    total $139,428 · program services $139,146 · management and general $263 · fundraising $19

  • 24c · Other expenses: INDIRECT AWARD DINNER E

    total $58,768 · fundraising $58,768

  • 24d · Other expenses: PHOTOGRAPHY

    total $30,045 · program services $29,295 · fundraising $750

  • 24e · All other expenses

    total $34,354 · program services $27,507 · management and general $511 · fundraising $6,336

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $131,949 · end of year $433,968

  • 2 · Savings and temporary cash investments

    beginning of year $522,658 · end of year $705,147

  • 3 · Pledges and grants receivable

    beginning of year $707,258 · end of year $844,352

  • 4 · Accounts receivable

    beginning of year $46,994 · end of year $25,473

  • 9 · Prepaid expenses and deferred charges

    beginning of year $121,693 · end of year $40,670

  • 10a · Land, buildings and equipment: cost or other basis

    $151,264

  • 10b · Land, buildings and equipment: accumulated depreciation

    $140,052

  • 10c · Land, buildings and equipment, net

    beginning of year $20,396 · end of year $11,212

  • 11 · Investments: publicly traded securities

    beginning of year $3,098,765 · end of year $3,485,024

  • 15 · Other assets

    beginning of year $180,250 · end of year $97,541

  • 17 · Accounts payable and accrued expenses

    beginning of year $96,084 · end of year $88,303

  • 19 · Deferred revenue

    beginning of year $84,725 · end of year $103,567

  • 25 · Other liabilities

    beginning of year $155,117 · end of year $128,067

  • 27 · Net assets without donor restrictions

    beginning of year $3,614,925 · end of year $3,490,502

  • 28 · Net assets with donor restrictions

    beginning of year $879,112 · end of year $1,832,948

Mission and programs · 2023

Mission

THE MISSION OF THE NATIONAL BOOK FOUNDATION IS TO CELEBRATE THE BEST LITERATURE PUBLISHED IN THE UNITED STATES, EXPAND ITS AUDIENCE, AND ENSURE THAT BOOKS HAVE A PROMINENT PLACE IN OUR CULTURE. NBF CARRIES OUT ITS MISSION THROUGH AWARDS & HONORS (MOST NOTABLY THE NATIONAL BOOK AWARDS FOUNDED IN 1950), PUBLIC PROGRAMS (BRINGING NBA-HONORED AUTHORS TO COMMUNITIES ACROSS THE US), EDUCATION & ACCESS (INSPIRING A LOVE OF READING IN YOUNG PEOPLE), AND SUPPORT FOR THE LITERARY FIELD. MORE DETAILED INFORMATION IS IN THE DESCRIPTION OF PROGRAM SERVICES ON SCHEDULE O

Activities or mission (Part I)

THE MISSION OF THE NATIONAL BOOK FOUNDATION IS TO CELEBRATE THE BEST LITERATURE PUBLISHED IN THE UNITED STATES, EXPAND ITS AUDIENCE, AND ENSURE THAT BOOKS HAVE A PROMINENT PLACE IN OUR CULTURE.

  • Withheld by Nonprofiteer: this text may name a private individual.

    Expenses $1,974,774 · Grants $95,000 · Revenue $438,159

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here. A text marked withheld matched a screen for wording that may name a private individual, such as an honorific or "in memory of". Most of what it withholds names no one; it is withheld so that what does is never shown.

Listed in Part VII

  • DAVID STEINBERGER

    BOARD CHAIR

    Total calculated
    $0
    Hours/week
    1

  • FIONA MCCRAE

    BOARD VICE CHAIR

    Total calculated
    $0
    Hours/week
    1

  • ELPIDIO VILLARREAL

    BOARD TREASURER

    Total calculated
    $0
    Hours/week
    1

  • CALVIN SIMS

    SECRETARY

    Total calculated
    $0
    Hours/week
    1

  • QUANG BAO

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • JAMES DAUNT

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • MARKUS DOHLE

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • MORGAN ENTREKIN

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • LUCIA FERREIRA

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • KIMBALL HASTINGS

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • AMANDEEP KOCHAR

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • LISA LUCAS

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • ANTHONY W MARX

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • DEBORAH NEEDLEMAN

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • SAMIRA NASR

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • JULIA REIDHEAD

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • KENNETH L WALLACH

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • MICHELLE WEINER

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • JONATHAN YAGED

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • CHARLES YU

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • RUTH DICKEY

    EXECUTIVE DIRECTOR

    Total calculated
    $281,638
    From this org
    $250,000
    From related orgs
    $0
    Other
    $31,638
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $250,000
    Bonus
    $0
    Other
    $0
    Deferred
    $15,000
    Nontaxable benefits
    $16,638
    Filer's total
    $281,638

  • JORDAN SMITH

    DEPUTY DIRECTOR

    Total calculated
    $183,146
    From this org
    $160,000
    From related orgs
    $0
    Other
    $23,146
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $160,000
    Bonus
    $0
    Other
    $0
    Deferred
    $6,400
    Nontaxable benefits
    $16,746
    Filer's total
    $183,146

  • MARGARET TANSEY

    DIRECTOR OF DEVELOPMENT

    Total calculated
    $138,758
    From this org
    $132,720
    From related orgs
    $0
    Other
    $6,038
    Hours/week
    40

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 · 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
2023
Filed
12 February 2025
IRS schema version
2023v6.0
Source object
202510439349301221

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