Overview
What is National Book Foundation Inc?
The National Book Foundation Inc, based in New York City, is a distinguished nonprofit organization committed to celebrating exceptional literature in America. Its mission involves expanding the audience for literature and ensuring books hold a prominent position in American culture. Key activities include hosting the prestigious National Book Awards, organizing public programs, promoting literacy education, and supporting the literary field. The National Book Awards, established in 1950, recognize outstanding writing, honoring authors like Hannah Arendt and Elizabeth Acevedo. Through public programs, the foundation brings NBA-honored authors to communities nationwide, while educational initiatives inspire young readers. The organization also provides financial aid to literary organizations through the Literary Arts Emergency Fund.
Official website here: www.nationalbook.org
What are the reviews and ratings of this charity?
Charity Navigator Rating 100% - Four-Star out of Four Star Rating
The National Book Foundation Inc has achieved a perfect score of 100%, earning a prestigious Four-Star rating from Charity Navigator. This rating reflects the organization's exceptional performance across various metrics, particularly in Accountability & Finance, where it also scored 100%. The foundation demonstrates strong financial health with an impressive program expense ratio of 86.47%, indicating that a significant portion of its funds directly supports its mission.
Additionally, the foundation has a fully independent board, which enhances its accountability and governance. All board members are independent, and the organization has robust policies in place, such as conflict of interest and whistleblower policies. The foundation excels in feedback collection and utilization, ensuring that stakeholder input is valued and integrated into its operations.
While the foundation's Leadership & Adaptability and Culture & Community scores are lower at 10% and 7%, respectively, this may reflect more on the specific metrics used rather than overall effectiveness. Overall, the National Book Foundation Inc is recognized for its strong financial practices and commitment to transparency, making it a commendable choice for potential donors.
This AI summary has been generated from information found on Charity Navigator.
Is National Book Foundation Inc legitimate?
National Book Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. National Book Foundation Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $257,391
Professional Fundraising Fees: $0
Other Salaries and Wages: $594,349
For more financial information, click here
Official website here: www.nationalbook.org
What is the mission statement of National Book Foundation Inc?
The National Book Foundation's mission is to promote and celebrate exceptional literature in America, broaden its reach, and establish a significant role for books in American culture. They achieve this objective through various means, primarily by granting awards and honors (such as the National Book Awards established in 1950), organizing public events (bringing recognized authors to communities nationwide), fostering education and access to books (encouraging a love of reading in young people), and offering support to the literary field (including the Literary Arts Emergency Fund).
Official website here: www.nationalbook.org
Who is the CEO of National Book Foundation Inc?
Ruth Dickey is the Board Chair of National Book Foundation Inc.
Official website here: www.nationalbook.org
What is the revenue of National Book Foundation Inc?
National Book Foundation Inc's revenue in 2022 was $3,836,375.
Official website here: www.nationalbook.org
Who are the executives of National Book Foundation Inc and what are their salaries?
The average compensation at National Book Foundation Inc during 2022 was $65,518. There are 13 employees and 54 volunteers at National Book Foundation Inc.
Here are 20 key members and their salaries:
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Official website here: www.nationalbook.org
Where can I find the form 990 for National Book Foundation Inc?
National Book Foundation Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.nationalbook.org
Learn more at the official website: www.nationalbook.org
Mission Statement of National Book Foundation Inc
The National Book Foundation's mission is centered around celebrating excellence in American literature, broadening its reach, and ensuring books maintain a significant role in American culture. To accomplish this, the organization undertakes various initiatives. Primarily, it presents awards and honors, with the National Book Awards, established in 1950, being its most renowned program. These recognitions serve to highlight outstanding literary works and authors.
In addition to its awards, the National Book Foundation engages in public programs, bringing National Book Award-winning authors to communities across the United States. These events aim to foster connections between readers and writers, thereby expanding the reach of literature. Furthermore, the organization is dedicated to inspiring a love of reading in young people through educational and accessibility programs.
Beyond these efforts, the National Book Foundation also supports the literary field. It provides resources, such as the Literary Arts Emergency Fund, to help authors and literary organizations during challenging times. Through its diverse range of activities, the National Book Foundation works tirelessly to uphold the significance of literature in American society.
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Impact
August, 2024
The National Book Foundation Inc's impact is significant in celebrating the best literature in America, expanding its audience, and ensuring that books have a prominent place in American culture. Through its various programs, such as awards and honors like the prestigious National Book Awards, public programs that bring recognized authors to communities across the U.S., education initiatives that inspire a love of reading in young people, and support for the literary field including the Literary Arts Emergency Fund, the foundation plays a crucial role in promoting literary excellence and access to literature for all. Their efforts have contributed to shaping the literary landscape of the United States and fostering a deeper appreciation for the written word among readers of all ages.
This information is meant to be a general summary of National Book Foundation Inc. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: -$7,731
- Program Service Revenue: $518,852
- Gross Receipts: $6,126,803
Assets and Liabilities:
- Total Assets: $4,696,616
- Total Liabilities: $213,598
- Net Assets: $4,483,018
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
ENTRY FEES
Revenue
$253,395
MEDALLION SALES
Revenue
$173,096
FINALIST FEES
Revenue
$48,000
CONTRACT INCOME
Revenue
$44,361
Organization Details
Founding Year
1986
Phone
(212) 685-0261Principal Officer
Ruth Dickey
Main Address
90 BROAD STREET 604, NEW YORK, NY, 10004
Website
www.nationalbook.orgNTEE Category
Code: A70 - Arts
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