Overview
What is Bookworm Box Inc?
Bookworm Box Inc is a nonprofit organization situated in Sulphur Springs, Texas. Their primary activity involves operating a subscription box service, delivering autographed novels each month, with a focus on providing a platform for new and diverse authors, many of whom are self-published. The organization also operates a physical bookstore in the same location, selling autographed books and related items, with over 75% of the books being donated by the authors themselves. All profits generated through these services are donated to various 501C3 public charities. Additionally, Bookworm Box Inc hosts events like Book Bonanza to promote reading and offers charitable grants to other eligible organizations. Their mission is to support charitable causes through the love of reading, creating exposure for new authors, selling their works, and donating proceeds to other charities.
Official website here: www.thebookwormbox.com
What are the reviews and ratings of this charity?
Charity Navigator Rating: 73%, earning a Two-Star out of Four Star rating
Bookworm Box Inc has received a two-star rating from Charity Navigator, reflecting a moderate level of accountability and financial health. With a program expense ratio of 91.06%, the organization allocates a significant portion of its resources directly to its mission, indicating a strong commitment to its programmatic goals. Additionally, the organization boasts a fully independent board, which enhances governance and decision-making practices.
However, there are notable limitations in transparency and governance practices. The organization has not provided financial statements or a whistleblower policy, which are critical elements for fostering trust and accountability. Additionally, the absence of a document retention and destruction policy and missing tax forms on its website could hinder public confidence in its operational practices.
Overall, while Bookworm Box Inc shows strengths in program funding and board independence, the lack of essential financial disclosures and governance policies suggests areas for improvement in transparency and organizational integrity.
This AI summary has been generated from information found on Charity Navigator.
Is Bookworm Box Inc legitimate?
Bookworm Box Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Bookworm Box 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: $65,693
Professional Fundraising Fees: $0
Other Salaries and Wages: $108,797
For more financial information, click here
Official website here: www.thebookwormbox.com
What is the mission statement of Bookworm Box Inc?
Bookworm Box Inc's mission is centered around supporting charitable organizations and fostering a love of reading. They achieve this through four main activities. Firstly, they organize Book Bonanza events to promote reading. Secondly, they offer a subscription box to introduce new and diverse authors to a wider audience. Thirdly, they serve as a sales outlet for lesser-known authors, offering exclusive signed copies of their books both in a physical bookstore and online. Lastly, a significant portion of their net earnings is donated as charitable grants to other Section 501(C)(3) public charities. In essence, Bookworm Box Inc uses the power of literature to make a positive impact in the community.
Official website here: www.thebookwormbox.com
Who is the CEO of Bookworm Box Inc?
Brooke Howard is the Executive Dir. of Bookworm Box Inc.
Official website here: www.thebookwormbox.com
What is the revenue of Bookworm Box Inc?
Bookworm Box Inc's revenue in 2022 was $3,124,704.
Official website here: www.thebookwormbox.com
Who are the executives of Bookworm Box Inc and what are their salaries?
The average compensation at Bookworm Box Inc during 2022 was $29,082. There are 6 employees and 162 volunteers at Bookworm Box Inc.
Here are 8 key members and their salaries:
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Official website here: www.thebookwormbox.com
Where can I find the form 990 for Bookworm Box Inc?
Bookworm Box Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.thebookwormbox.com
Learn more at the official website: www.thebookwormbox.com
Mission Statement of Bookworm Box Inc
Bookworm Box Inc, a charitable organization, is dedicated to promoting the love of reading and supporting other non-profit entities. They achieve this mission through four primary activities. Firstly, they host Book Bonanza events to ignite a passion for reading. Secondly, they create exposure for new and diverse authors by offering a subscription box service. Thirdly, they serve as a sales outlet for lesser-known authors, selling exclusive, autographed books both in a physical bookstore and online. Lastly, Bookworm Box Inc donates all of its net profits to various Section 501(c)(3) public charities. In essence, Bookworm Box Inc leverages the power of literature to inspire love for reading and generously contributes to other charitable organizations.
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Impact
July, 2024
Bookworm Box Inc has a significant impact on promoting the love of reading and supporting charitable organizations. Through activities like Book Bonanza and their subscription box service featuring autographed books from new and diverse authors, they provide a platform for lesser-known writers. By selling autographed books and book-related items in their physical store and online, they not only support authors but also donate all profits to other nonprofit organizations. Their innovative approach to book sales not only encourages reading but also contributes to philanthropic causes, making a positive difference in both the literary community and the charitable sector.
This information is meant to be a general summary of Bookworm Box 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: $1,250
- Program Service Revenue: $3,097,421
- Gross Receipts: $3,124,704
Assets and Liabilities:
- Total Assets: $1,115,471
- Total Liabilities: $51,054
- Net Assets: $1,064,417
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
BOOK SIGNING EVENTS
Revenue
$1,343,813
SUBSCRIPTION BOOK SALES
Revenue
$1,753,608
Organization Details
Founding Year
2015
Phone
(903) 521-9652Principal Officer
Brooke Howard
Main Address
PO BOX 1400, SULPHUR SPRINGS, TX, 75483
Website
www.thebookwormbox.comNTEE Category
Code: T12 - Philanthropy
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