Overview
What is The Maryland Book Bank Inc?
The Maryland Book Bank Inc, located in Baltimore, Maryland, is a nonprofit organization dedicated to bridging the literacy gap by enhancing access to high-quality, age-appropriate books. Their primary mission is to equip low-income elementary school students, specifically from kindergarten to second grade, with the power to build their personal libraries. This is achieved through their Home Library Program, which provides 10 self-selected books for each student. The organization's activities are centered around increasing literacy levels by making books more accessible in homes, classrooms, and community settings. With a team of 11 dedicated individuals, The Maryland Book Bank Inc continues to empower children with the joy of reading.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 78% (Three-Star out of Four Stars)
The Maryland Book Bank Inc has received a Three-Star rating from Charity Navigator, indicating a solid performance in accountability and finance. The overall score is derived from a comprehensive evaluation of financial practices, with a significant focus on transparency and governance. The organization boasts a fully independent board, demonstrating strong oversight and commitment to ethical management.
Strengths include a high program expense ratio of 96.55%, which reflects a substantial portion of funds directed towards its mission of providing books to children in need. Additionally, the organization has maintained a clean record with no material diversion of assets and demonstrates effective conflict of interest policies. These factors contribute to a favorable perception of the charity’s financial health.
However, there are areas for improvement, particularly in fundraising efficiency, where the organization scored lower with a ratio of $0.002. This suggests that fundraising efforts may not be as effective as desired, which could impact the long-term sustainability of operations. The working capital ratio also indicates a limited buffer for financial stability, highlighting the need for strategic planning in future fundraising initiatives.
This AI summary has been generated from information found on Charity Navigator.
Is The Maryland Book Bank Inc legitimate?
The Maryland Book Bank Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. The Maryland Book Bank 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: $80,000
Professional Fundraising Fees: $0
Other Salaries and Wages: $140,419
For more financial information, click here
What is the mission statement of The Maryland Book Bank Inc?
The Maryland Book Bank Inc's mission is centered around bridging the literacy gap. They achieve this by increasing the accessibility of high-quality, age-appropriate books in various settings, such as homes, classrooms, and communities. By providing individuals with the power to select books, they empower them to establish their own libraries, thus fostering a love for reading and literacy development. Their Home Library Program, specifically targeting K-2nd grade students, distributes 10 self-selected, age-appropriate books to low-income Baltimore elementary students.
Who is the CEO of The Maryland Book Bank Inc?
Mark Feiring is the Executive Director of The Maryland Book Bank Inc.
What is the revenue of The Maryland Book Bank Inc?
The Maryland Book Bank Inc's revenue in 2022 was $4,029,603.
Who are the executives of The Maryland Book Bank Inc and what are their salaries?
The average compensation at The Maryland Book Bank Inc during 2022 was $20,038. There are 11 employees and 1500 volunteers at The Maryland Book Bank Inc.
Here are 16 key members and their salaries:
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Where can I find the form 990 for The Maryland Book Bank Inc?
The Maryland Book Bank Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of The Maryland Book Bank Inc
The Maryland Book Bank Inc, an organization dedicated to bridging the literacy gap, aims to enhance access to high-quality, age-appropriate books in various settings, such as homes, classrooms, and communities. They achieve this by empowering the individuals they serve to select and accumulate their personal libraries. By doing so, the Maryland Book Bank Inc strives to bridge the literacy gap, thereby providing a solid foundation for learning and personal growth for those they assist.
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Impact
July, 2024
The Maryland Book Bank Inc's impact lies in bridging the literacy gap by providing increased access to quality age-appropriate books in homes, classrooms, and community settings. Through programs like the Home Library Program, The Maryland Book Bank Inc targets elementary low-income students in Baltimore, specifically focusing on K-2nd grade students and providing them with 10 self-selected, age-appropriate books to build their own libraries. This initiative empowers individuals to choose books that resonate with them, fostering a love for reading and promoting literacy among disadvantaged youth.
This information is meant to be a general summary of The Maryland Book Bank 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.
- Gross Receipts: $5,994,145
Assets and Liabilities:
- Total Assets: $370,105
- Total Liabilities: $9,506
- Net Assets: $360,599
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Organization Details
Founding Year
2013
Phone
(410) 598-1771Principal Officer
Mark Feiring
Main Address
1794 UNION AVE, BALTIMORE, MD, 21211
NTEE Category
Code: A52 - Arts
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