Totals
- Total revenue
- $85,122,503
- Total expenses
- $88,386,667
- Contributions and grants received
- $68,738,567
- Grants paid
- $93,180
- Program service revenue
- $16,199,446
- Investment income
- $172,832
- Other revenue
- $11,658
- Total assets, end of year
- $35,649,333
- Total liabilities, end of year
- $7,179,530
- Net assets or fund balances, end of year
- $28,469,803
- Program services expenses (Part IX)
- $82,365,083
- Management and general expenses
- $3,198,442
- Fundraising expenses
- $2,823,142
- Program service expenses (Part III)
- $82,365,083
Program services were 93.2% 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.
-
1f · All other contributions, gifts and grants
$68,738,567
-
1g · Noncash contributions included above
$48,001,443
-
2a · Program service revenue: FIRST BOOK MARKETPLACE SALES
total $16,199,446 · related or exempt $16,199,446
-
3 · Investment income
total $173,790 · excluded $173,790
-
4 · Income from investment of tax-exempt bond proceeds
total $0
-
5 · Royalties
total $0
-
6c · Rental income or loss
real property $0 · personal property $0
-
6d · Net rental income or loss
total $0
-
7b · Less cost or other basis and sales expenses
securities $958
-
7c · Gain or loss
securities -$958
-
7d · Net gain or loss
total -$958 · excluded -$958
-
8a · Fundraising events: gross income
$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
-
9c · Net income from gaming
total $0
-
10a · Gross sales of inventory
$0
-
10b · Cost of goods sold
$0
-
10c · Net income from sales of inventory
total $0
-
11a · Other revenue: OTHER MISCELLANEOUS
total $11,658 · excluded $11,658
-
11e · Other revenue, total
$11,658
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $0
-
2 · Grants to domestic individuals
total $0
-
3 · Grants to foreign organizations and individuals
total $93,180 · program services $93,180
-
4 · Benefits paid to or for members
total $0
-
5 · Compensation of officers, directors and key employees
total $1,503,859 · program services $908,885 · management and general $358,266 · fundraising $236,708
-
6 · Compensation of disqualified persons
total $0
-
7 · Other salaries and wages
total $6,656,991 · program services $4,001,963 · management and general $1,577,499 · fundraising $1,077,529
-
8 · Pension plan contributions
total $232,020 · program services $140,226 · management and general $55,274 · fundraising $36,520
-
9 · Other employee benefits
total $708,120 · program services $449,278 · management and general $177,098 · fundraising $81,744
-
10 · Payroll taxes
total $592,301 · program services $357,968 · management and general $141,104 · fundraising $93,229
-
11a · Fees: management
total $0
-
11b · Fees: legal
total $11,711 · program services $738 · management and general $105 · fundraising $10,868
-
11c · Fees: accounting
total $132,788 · program services $8,365 · management and general $1,195 · fundraising $123,228
-
11d · Fees: lobbying
total $0
-
11e · Fees: professional fundraising services
total $0
-
11f · Fees: investment management
total $0
-
11g · Fees: other
total $0
-
12 · Advertising and promotion
total $341,362 · program services $256,505 · management and general $44,539 · fundraising $40,318
-
13 · Office expenses
total $285,205 · program services $172,369 · management and general $67,945 · fundraising $44,891
-
14 · Information technology
total $1,489,969 · program services $1,053,006 · management and general $208,813 · fundraising $228,150
-
15 · Royalties
total $0
-
16 · Occupancy
total $545,039 · program services $295,503 · management and general $109,008 · fundraising $140,528
-
17 · Travel
total $180,474 · program services $109,073 · management and general $42,994 · fundraising $28,407
-
18 · Travel or entertainment for public officials
total $0
-
19 · Conferences, conventions and meetings
total $81,443 · program services $49,222 · management and general $19,402 · fundraising $12,819
-
20 · Interest
total $0
-
21 · Payments to affiliates
total $0
-
22 · Depreciation, depletion and amortization
total $0
-
23 · Insurance
total $64,449 · program services $38,951 · management and general $15,354 · fundraising $10,144
-
24a · Other expenses: PRG EXP - DONATED INVENTORY
total $52,098,258 · program services $52,098,258
-
24b · Other expenses: PRG EXP -PURCHASED INVENTORY
total $14,337,580 · program services $14,337,580
-
24c · Other expenses: PRG EXP - SHIPPING
total $4,027,444 · program services $4,027,444
-
24d · Other expenses: PRG EXP - WAREHOUSING
total $2,266,792 · program services $2,266,792
-
24e · All other expenses
total $2,737,682 · program services $1,699,777 · management and general $379,846 · fundraising $658,059
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $10,159,347 · end of year $6,565,256
-
2 · Savings and temporary cash investments
beginning of year $0 · end of year $0
-
3 · Pledges and grants receivable
beginning of year $0 · end of year $0
-
4 · Accounts receivable
beginning of year $2,511,067 · end of year $7,604,476
-
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
-
7 · Other notes and loans receivable
beginning of year $0 · end of year $0
-
8 · Inventories for sale or use
beginning of year $24,908,642 · end of year $18,978,025
-
9 · Prepaid expenses and deferred charges
beginning of year $396,763 · end of year $583,704
-
10c · Land, buildings and equipment, net
beginning of year $0 · end of year $0
-
11 · Investments: publicly traded securities
beginning of year $41,877 · end of year $19,628
-
12 · Investments: other securities
beginning of year $0 · end of year $0
-
13 · Investments: program-related
beginning of year $0 · end of year $0
-
14 · Intangible assets
beginning of year $0 · end of year $0
-
15 · Other assets
beginning of year $842,911 · end of year $1,898,244
-
17 · Accounts payable and accrued expenses
beginning of year $3,582,880 · end of year $3,223,267
-
18 · Grants payable
beginning of year $1,809,250 · end of year $1,035,250
-
19 · Deferred revenue
beginning of year $357,799 · end of year $479,451
-
20 · Tax-exempt bond liabilities
beginning of year $0 · end of year $0
-
21 · Escrow or custodial account liability
beginning of year $0 · end of year $0
-
22 · Loans and payables to officers and key people
beginning of year $0 · end of year $0
-
23 · Secured mortgages and notes payable
beginning of year $0 · end of year $0
-
24 · Unsecured notes and loans payable
beginning of year $0 · end of year $0
-
25 · Other liabilities
beginning of year $1,308,892 · end of year $2,441,562
-
27 · Net assets without donor restrictions
beginning of year $23,297,274 · end of year $14,603,416
-
28 · Net assets with donor restrictions
beginning of year $8,504,512 · end of year $13,866,387
Mission and programs · 2023
Mission
FOUNDED IN 1992, FIRST BOOK IS A NONPROFIT SOCIAL ENTERPRISE BUILDING A WORLD WHERE ALL CHILDREN HAVE ACCESS TO A QUALITY EDUCATION. (CONTINUED ON SCHEDULE O)
Activities or mission (Part I)
REMOVING BARRIERS TO EDUCATIONAL EQUITY BY PROVIDING CHILDREN IN LOW INCOME COMMUNITIES, AND THE FORMAL AND INFORMAL EDUCATORS WHO SERVE THEM, NEW, (CONTINUED ON SCHEDULE O)
-
FIRST BOOK IS DEDICATED TO ENSURING THAT ALL CHILDREN, REGARDLESS OF THEIR BACKGROUND OR ZIP CODE, CAN SUCCEED, BY REMOVING BARRIERS TO EQUITABLE EDUCATION. WE REACH 5 MILLION KIDS EACH YEAR IN LOW-INCOME COMMUNITIES ACROSS NORTH AMERICA, PROVIDING BOOKS AND RESOURCES THROUGH A POWERFUL NETWORK OF MORE THAN 575,000 EDUCATORS, THE LARGEST ONLINE COMMUNITY OF ITS KIND. BY INFUSING HIGH-QUALITY RESOURCES INTO CLASSROOMS AND PROGRAMS NATIONWIDE, WE LEVEL THE PLAYING FIELD SO THAT KIDS ARE READY TO LEARN - BECAUSE EDUCATION TRANSFORMS LIVES.
Expenses $82,365,083 · Grants $93,180 · Revenue $16,199,446
As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.
Listed in Part VII
-
Daniel StokesDANIEL STOKES
CHIEF ADMINISTRATIVE OFFICER
- Total calculated
- $268,320
- From this org
- $225,232
- From related orgs
- $0
- Other
- $43,088
- Hours/week
- 35
Schedule J breakdown matched by us
- Base
- $225,232
- Bonus
- $0
- Other
- $0
- Deferred
- $27,467
- Nontaxable benefits
- $15,621
- Filer's total
- $268,320
-
Kyle ZimmerKYLE ZIMMER
PRESIDENT AND CEO
- Total calculated
- $255,698
- From this org
- $214,210
- From related orgs
- $0
- Other
- $41,488
- Hours/week
- 35
Schedule J breakdown matched by us
- Base
- $214,210
- Bonus
- $0
- Other
- $0
- Deferred
- $29,467
- Nontaxable benefits
- $12,021
- Filer's total
- $255,698
-
Christopher StineCHRISTOPHER STINE
SR. VICE PRESIDENT, IT
- Total calculated
- $239,117
- From this org
- $214,285
- From related orgs
- $0
- Other
- $24,832
- Hours/week
- 35
Schedule J breakdown matched by us
- Base
- $214,285
- Bonus
- $0
- Other
- $0
- Deferred
- $12,811
- Nontaxable benefits
- $12,021
- Filer's total
- $239,117
-
Becki LastBECKI LAST
CHIEF PROGRAMMING OFFICER
- Total calculated
- $216,992
- From this org
- $188,938
- From related orgs
- $0
- Other
- $28,054
- Hours/week
- 35
Schedule J breakdown matched by us
- Base
- $188,938
- Bonus
- $0
- Other
- $0
- Deferred
- $26,461
- Nontaxable benefits
- $1,593
- Filer's total
- $216,992
-
Dana BondDANA BOND
SVP CORPORATE PARTNERSHIPS
- Total calculated
- $202,887
- From this org
- $179,743
- From related orgs
- $0
- Other
- $23,144
- Hours/week
- 35
Schedule J breakdown matched by us
- Base
- $179,743
- Bonus
- $0
- Other
- $0
- Deferred
- $11,123
- Nontaxable benefits
- $12,021
- Filer's total
- $202,887
-
Enrique PinillaENRIQUE PINILLA
COO (As oF 03/23)
- Total calculated
- $181,961
- From this org
- $167,545
- From related orgs
- $0
- Other
- $14,416
- Hours/week
- 35
Schedule J breakdown matched by us
- Base
- $167,545
- Bonus
- $0
- Other
- $0
- Deferred
- $0
- Nontaxable benefits
- $14,416
- Filer's total
- $181,961
-
Elizabeth HerlingELIZABETH HERLING
VICE PRESIDENT, MARKETING
- Total calculated
- $178,049
- From this org
- $156,651
- From related orgs
- $0
- Other
- $21,398
- Hours/week
- 35
Schedule J breakdown matched by us
- Base
- $156,651
- Bonus
- $0
- Other
- $0
- Deferred
- $9,377
- Nontaxable benefits
- $12,021
- Filer's total
- $178,049
-
Lynnette ApplingLYNNETTE APPLING
VICE PRESIDENT, HR
- Total calculated
- $165,512
- From this org
- $151,578
- From related orgs
- $0
- Other
- $13,934
- Hours/week
- 35
Schedule J breakdown matched by us
- Base
- $151,578
- Bonus
- $0
- Other
- $0
- Deferred
- $1,913
- Nontaxable benefits
- $12,021
- Filer's total
- $165,512
-
Lita AndersonLITA ANDERSON
SR. DIRECTOR, STRATEGIC ALLIAN
- Total calculated
- $143,165
- From this org
- $124,308
- From related orgs
- $0
- Other
- $18,857
- Hours/week
- 35
-
Lori PrinceLORI PRINCE
VICE PRESIDENT, ECOMMERCE
- Total calculated
- $139,549
- From this org
- $119,314
- From related orgs
- $0
- Other
- $20,235
- Hours/week
- 35
-
Staci HarrisSTACI HARRIS
SENIOR DIRECTOR, MARKETING
- Total calculated
- $122,611
- From this org
- $122,611
- From related orgs
- $0
- Other
- $0
- Hours/week
- 35
-
Wendy LinWENDY LIN
CFO (As oF 07/23)
- Total calculated
- $96,889
- From this org
- $91,880
- From related orgs
- $0
- Other
- $5,009
- Hours/week
- 35
-
Julie FortenberyJULIE FORTENBERY
CFO (THRU 03/23)
- Total calculated
- $41,994
- From this org
- $41,262
- From related orgs
- $0
- Other
- $732
- Hours/week
- 35
-
Dr Martha BernadettDR MARTHA BERNADETT
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Christopher CerfCHRISTOPHER CERF
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Libby DoggettLIBBY DOGGETT
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Kathy FranklinKATHY FRANKLIN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Lidia Soto-HarmonLIDIA SOTO-HARMON
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Randy MartinezRANDY MARTINEZ
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Manish MadhavaniMANISH MADHAVANI
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Carla Thompson PaytonCARLA THOMPSON PAYTON
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Artie StarrsARTIE STARRS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Karen Kehela SherwoodKAREN KEHELA SHERWOOD
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
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 · Written employment contract
- 3 · Compensation survey or study
- 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
- 5 August 2024
- IRS schema version
- 2023v5.1
- Source object
- 202412229349301121
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