Form 990 for tax year 2023
Filed by THE NEW HAVEN READS COMMUNITY BOOK BANK INC.
Totals
- Total revenue
- $1,905,147
- Total expenses
- $1,423,968
- Contributions and grants received
- $1,819,840
- Grants paid
- $0
- Program service revenue
- $0
- Investment income
- $78,645
- Other revenue
- $6,662
- Total assets, end of year
- $3,149,722
- Total liabilities, end of year
- $51,629
- Net assets or fund balances, end of year
- $3,098,093
- Program services expenses (Part IX)
- $1,182,617
- Management and general expenses
- $154,727
- Fundraising expenses
- $86,624
- Program service expenses (Part III)
- $1,182,617
Program services were 83.1% 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.
-
1e · Government grants (contributions)
$744,037
-
1f · All other contributions, gifts and grants
$1,075,803
-
3 · Investment income
total $52,339 · excluded $52,339
-
7a · Gross sales of assets other than inventory
securities $26,306
-
7b · Less cost or other basis and sales expenses
securities $0
-
7c · Gain or loss
securities $26,306
-
7d · Net gain or loss
total $26,306 · excluded $26,306
-
11d · All other revenue
total $6,662 · related or exempt $6,662
-
11e · Other revenue, total
$6,662
Functional expenses
Part IX, the statement of functional expenses.
-
5 · Compensation of officers, directors and key employees
total $92,440 · program services $46,220 · management and general $13,866 · fundraising $32,354
-
7 · Other salaries and wages
total $923,393 · program services $817,218 · management and general $64,445 · fundraising $41,730
-
9 · Other employee benefits
total $19,207 · program services $14,286 · management and general $4,297 · fundraising $624
-
10 · Payroll taxes
total $76,023 · program services $66,147 · management and general $5,096 · fundraising $4,780
-
11c · Fees: accounting
total $13,958 · program services $16 · management and general $13,942
-
11f · Fees: investment management
total $11,841 · management and general $11,841
-
11g · Fees: other
total $85,471 · program services $76,874 · management and general $7,572 · fundraising $1,025
-
13 · Office expenses
total $40,804 · program services $30,624 · management and general $5,025 · fundraising $5,155
-
14 · Information technology
total $17,161 · program services $5,928 · management and general $11,173 · fundraising $60
-
16 · Occupancy
total $57,106 · program services $50,883 · management and general $6,223
-
19 · Conferences, conventions and meetings
total $896 · fundraising $896
-
22 · Depreciation, depletion and amortization
total $2,451 · management and general $2,451
-
23 · Insurance
total $9,294 · program services $498 · management and general $8,796
-
24a · Other expenses: TUTORING AND PROGRAM
total $66,337 · program services $66,337
-
24e · All other expenses
total $7,586 · program services $7,586
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $970,918 · end of year $737,616
-
2 · Savings and temporary cash investments
beginning of year $506,219 · end of year $417,225
-
3 · Pledges and grants receivable
beginning of year $67,538 · end of year $13,210
-
9 · Prepaid expenses and deferred charges
beginning of year $15,398 · end of year $26,056
-
10a · Land, buildings and equipment: cost or other basis
$54,648
-
10b · Land, buildings and equipment: accumulated depreciation
$41,260
-
10c · Land, buildings and equipment, net
beginning of year $15,839 · end of year $13,388
-
11 · Investments: publicly traded securities
beginning of year $977,073 · end of year $1,194,046
-
12 · Investments: other securities
end of year $748,181
-
15 · Other assets
beginning of year $27,617
-
17 · Accounts payable and accrued expenses
beginning of year $38,342 · end of year $51,629
-
27 · Net assets without donor restrictions
beginning of year $2,480,660 · end of year $3,036,493
-
28 · Net assets with donor restrictions
beginning of year $61,600 · end of year $61,600
Mission and programs · 2023
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.
Activities or mission (Part I)
TO PROVIDE FREE 1-ON-1 TUTORING, EDUCATIONAL FAMILY SUPPORT, AND A BOOK BANK
-
THE ORGANIZATION RUNS A ONE-ON-ONE TUTORING PROGRAM FOR OVER 350 STUDENTS EACH WEEK. WE UTILIZE COLLEGE STUDENDS AND COMMUNITY VOLUNTEERS TO PROVIDE HIGH QUALITY INSTRUCTION IN READING AND OTHER SUBJECTS.
Expenses $1,148,626 · Revenue $6,662
-
THE ORGANIZATION COLLECTS AND REDISTRIBUTES NEW AND GENTLY USED BOOKS FOR NEEDY ORGANIZATIONS AND INDIVIDUALS. WE DISTRIBUTE OVER $75,000 BOOKS DURING THE FISCAL YEAR AT NO COST TO AREA RESIDENTS.
Expenses $33,991
As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.
Listed in Part VII
-
KIRSTEN LEVINSOHN
EXECUTIVE DIRECTOR
- Total calculated
- $92,440
- From this org
- $89,440
- From related orgs
- $0
- Other
- $3,000
- Hours/week
- 40
-
SUSAN RIGGS
PRESIDENT
- Total calculated
- $0
- Hours/week
- 1
-
LAURIE DESMET
TREASURER
- Total calculated
- $0
- Hours/week
- 1
-
DARA GIBBS
MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
JODI SCHNEIDER
MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
JUDY NACCA
MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
AMY CHIVETTA
MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
ANDY BABIAK
MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
SEBASTIAN WARD
MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
STUART WARNER
MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
TED COHEN
MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
ALEX KLEINER
MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
CHARLIE MASON
MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
STEPHANIE WILLIS
MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
FALLON THOMAS
MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
ANNETTE CHARLES
VICE PRESIDENT
- Total calculated
- $0
- Hours/week
- 0
-
OSCAR SUAREZ
SECRETARY
- Total calculated
- $0
- Hours/week
- 0
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.
Grants on this return
No itemized grants to organizations on this return.
Provenance
- Return type
- form_990
- Tax year
- 2023
- Filed
- 15 May 2025
- IRS schema version
- 2023v6.0
- Source object
- 202521359349311147
Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.
The source document this was parsed from is served over the API, which is where bulk and document access live.