Overview
What is Seven Stories Institute?
Seven Stories Institute, operating under the name Word Up Community Bookshop, is a nonprofit organization based in New York City, specifically at 2113 Amsterdam Avenue, New York, NY 10032. Their primary mission is to bridge the gap in book accessibility within communities that lack such resources. They achieve this by distributing books at significantly reduced prices, making literature more accessible and affordable to a wider audience. The organization employs a team of 13 individuals, dedicated to this noble cause.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 52%, One-Star out of Four Star rating.
Seven Stories Institute, operating as Word Up Community Bookshop, has received a low rating due to significant shortcomings in accountability and financial transparency. With an overall score of 52%, the organization has not met key criteria such as having independent board members or accessible financial statements, which raises concerns about governance and oversight.
Despite these challenges, the organization demonstrates a strong commitment to its programs, as evidenced by an impressive program expense ratio of 97.80%. This suggests that the majority of its resources are directed toward its mission rather than administrative costs. However, the lack of policies regarding conflict of interest, whistleblower protections, and document retention could impact its operational integrity.
Overall, while Word Up Community Bookshop plays a vital role in its community, the organization's rating highlights significant areas for improvement in governance and transparency that could affect donor confidence and long-term sustainability.
This AI summary has been generated from information found on Charity Navigator.
Is Seven Stories Institute legitimate?
Seven Stories Institute is a legitimate nonprofit organization registered as a 501(c)(3) entity. Seven Stories Institute 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: $73,268
Professional Fundraising Fees: $0
Other Salaries and Wages: $161,566
For more financial information, click here
What is the mission statement of Seven Stories Institute?
Seven Stories Institute, operating under the name Word Up Community Bookshop, is committed to an essential mission. They strive to bring significant literature to communities that typically lack access to such resources. They achieve this goal by offering books at significantly reduced prices. By doing so, they aim to bridge the gap in literary accessibility, thereby enriching the intellectual lives of these communities. Their activities are centered around the distribution of books, thereby promoting literacy and knowledge sharing.
Who is the CEO of Seven Stories Institute?
Veronica Liu is the Executive Di of Seven Stories Institute.
What is the revenue of Seven Stories Institute?
Seven Stories Institute's revenue in 2022 was $593,353.
Who are the executives of Seven Stories Institute and what are their salaries?
The average compensation at Seven Stories Institute during 2022 was $18,064. There are 13 employees at Seven Stories Institute.
Here are 6 key members and their salaries:
- Compensation: $72,668
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for Seven Stories Institute?
Seven Stories Institute's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Seven Stories Institute
Seven Stories Institute Dba Word Up Community Bookshop is committed to a noble mission. This nonprofit organization strives to bring essential books to communities that typically lack such resources. They achieve this by distributing books at significantly reduced prices. By doing so, they aim to bridge the gap in literary accessibility, ensuring that various communities can benefit from a wide range of important literature. This mission, in essence, contributes to the enrichment and education of these communities, fostering a culture of knowledge and intellectual growth.
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Impact
July, 2024
Seven Stories Institute Dba Word Up Community Bookshop makes a significant impact by bringing important books to communities that do not otherwise have access to them, through the distribution of books at greatly reduced prices. This initiative is crucial in promoting literacy, education, and cultural enrichment among underserved populations in New York City. By providing affordable access to a diverse range of books, Seven Stories Institute Dba Word Up Community Bookshop plays a vital role in empowering individuals with knowledge and fostering a love for reading within the community.
This information is meant to be a general summary of Seven Stories Institute. 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: $4,478
- Program Service Revenue: $301,562
- Gross Receipts: $593,353
Assets and Liabilities:
- Total Assets: $397,645
- Total Liabilities: $6,451
- Net Assets: $391,194
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
BOOK SALES
Revenue
$301,562
Organization Details
Founding Year
2004
Phone
(347) 688-4456Principal Officer
Veronica Liu
Main Address
2113 AMSTERDAM AVE, NEW YORK, NY, 10032
NTEE Category
Code: A70 - Arts
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