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Foundation For The Future Of Literature And Literacy

Learn about this cause: What are the reviews? Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 473955286 ✦ Berkeley, CA ✦ Designated as a 501(c)(3)

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Overview

What is Foundation For The Future Of Literature And Literacy?

The Foundation For The Future Of Literature And Literacy, commonly known as Bay Area Book Festival, is a nonprofit organization based in Berkeley, California. With a team of seven dedicated individuals, its primary mission is to provide high-quality, affordable literary events for the Northern California community and beyond. The organization hosts an annual festival, featuring renowned writers from various genres and backgrounds, as well as a variety of keynotes, interviews, panels, and performances. The festival also includes a lively outdoor fair with numerous literary exhibitors and engaging children's activities. Remarkably, the Bay Area Book Festival has expanded its reach beyond the traditional two-day in-person event, offering virtual programming that attracts a broader audience. This nonprofit is committed to celebrating diverse literary voices, fostering literacy, and promoting great literary work, particularly those that address pressing social issues.


Official website here: www.baybookfest.org

What are the reviews and ratings of this charity?

Charity Navigator Rating: 85%

The Foundation For The Future Of Literature And Literacy, operating as the Bay Area Book Festival, has received a Three-Star out of Four Star rating with a score of 85%. This rating reflects strong accountability and financial health, indicating that the organization effectively manages its resources and adheres to best practices in governance.

One of the notable strengths of this nonprofit is its commitment to transparency and integrity, evidenced by its fully independent board members and effective conflict of interest and whistleblower policies. The organization also maintains a low liabilities to assets ratio of 4.97%, which suggests sound financial stability. Additionally, a high program expense ratio of 85.48% indicates that a significant portion of expenditures is directed towards fulfilling its mission.

While the organization demonstrates strong governance and financial practices, there could be areas for improvement in outreach and engagement to increase visibility and support for its initiatives. Overall, it appears to be a reliable choice for donors interested in promoting literacy and literature through community-focused events.


This AI summary has been generated from information found on Charity Navigator.

What do the Facebook reviews say about Foundation For The Future Of Literature And Literacy?

100% of 8 reviewers on Facebook recommend the Foundation For The Future Of Literature And Literacy. Here is a summary of their reviews:

The organization receives notable praise for its engaging speaker and author talks, highlighting the quality of presentations. Attendees appreciate the outdoor venues and the author pavilion, which enhance the overall experience.

Longtime supporters mention their enthusiasm for attending events like the Bay Area Book Festival since its inception, indicating a strong connection to the nonprofit's mission and activities. Overall, the foundation is recognized for delivering enjoyable and enriching experiences for literature lovers.


This AI summary has been generated from reviews found on Facebook.

Is Foundation For The Future Of Literature And Literacy legitimate?

Foundation For The Future Of Literature And Literacy is a legitimate nonprofit organization registered as a 501(c)(3) entity. Foundation For The Future Of Literature And Literacy 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: $171,356
Professional Fundraising Fees: $0
Other Salaries and Wages: $256,344

For more financial information, click here


Official website here: www.baybookfest.org

What is the mission statement of Foundation For The Future Of Literature And Literacy?

The Foundation For The Future Of Literature And Literacy, known as the Bay Area Book Festival, has a mission to foster literary culture and community in Northern California. They achieve this by presenting high-quality, free or affordable literary programs throughout the year, with a focus on diverse literary voices. The annual festival features numerous keynote speakers, interviews, panels, and performances by prominent writers across various genres and backgrounds. Additionally, the event includes an outdoor fair with numerous literary exhibitors and a range of activities for children. The festival's mission also involves addressing pressing social issues through literature, cultivating literacy, and promoting excellent literary works.


Official website here: www.baybookfest.org

Who is the CEO of Foundation For The Future Of Literature And Literacy?

Cherilyn Parsons is the Executive Dir. of Foundation For The Future Of Literature And Literacy.


Official website here: www.baybookfest.org

What is the revenue of Foundation For The Future Of Literature And Literacy?

Foundation For The Future Of Literature And Literacy's revenue in 2022 was $891,473.


Official website here: www.baybookfest.org

Who are the executives of Foundation For The Future Of Literature And Literacy and what are their salaries?

The average compensation at Foundation For The Future Of Literature And Literacy during 2022 was $61,100. There are 7 employees and 250 volunteers at Foundation For The Future Of Literature And Literacy.


Here are 4 key members and their salaries:


Cherilyn Parsons (Executive Dir.)
  • Compensation: $145,461
  • Related: $0
  • Other: $40,242
Brooke Warner (President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Igor Zagatsky (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
George Rehm (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0


Official website here: www.baybookfest.org

Where can I find the form 990 for Foundation For The Future Of Literature And Literacy?

Foundation For The Future Of Literature And Literacy's most recent form 990 was submitted in 2022 and can be accessed here.


Official website here: www.baybookfest.org

Learn more at the official website: www.baybookfest.org

Mission Statement of Foundation For The Future Of Literature And Literacy

The Foundation for the Future of Literature and Literacy, doing business as the Bay Area Book Festival, is dedicated to delivering top-tier, cost-effective literary and literacy programs for residents and visitors in Northern California. This organization's mission is multifaceted, focusing on celebrating a diverse range of literary voices, fostering literary culture and community, advancing literacy, and promoting exceptional literary work that engages with significant social issues. To achieve this mission, the Bay Area Book Festival organizes a yearly, inclusive literary festival, featuring a variety of keynote speeches, interviews, panel discussions, and performances by renowned writers from various literary genres and backgrounds. Additionally, the festival hosts an outdoor fair with numerous literary exhibitors and an array of children's activities, providing a platform for literacy enthusiasts of all ages to connect and engage with the literary world.

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Impact




July, 2024

Foundation For the Future Of Literature And Literacy, also known as Bay Area Book Festival, has made a profound impact on the literary and literacy landscape in Northern California. Through their high-caliber, free, and affordable programs, they have successfully celebrated a wide spectrum of literary voices, nurtured literary culture, and promoted great literary work that engages with pressing social issues.

Their annual festival, which returned to in-person programming in May 2022, not only attracted approximately 20,000 attendees but also expanded its audience through virtual programming. The festival featured more than 250 authors from various regions, nations, and backgrounds, offering a platform for meaningful conversations, keynotes, interviews, panels, and performances across literary genres.

By creating relevant and thoughtful programming, the Foundation For the Future Of Literature And Literacy Dba Bay Area Book Festival continues to cultivate literacy, build community, and provide opportunities for literary exploration and engagement. Their dedication to promoting literary voices and addressing social issues showcases their commitment to enriching the cultural landscape of the Bay Area and beyond.




This information is meant to be a general summary of Foundation For The Future Of Literature And Literacy. 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.

Revenue
$891,473 (2022)
Expenses
$1,179,682 (2022)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $349
  • Program Service Revenue: $88,405
  • Gross Receipts: $891,473

Assets and Liabilities:

  • Total Assets: $137,825
  • Total Liabilities: $6,850
  • Net Assets: $130,975

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Programs

Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

Events Fees

Revenue

$45,215

Ticket Sales

Revenue

$43,190

Organization Details

Founding Year

2015

Principal Officer

Cherilyn Parsons

Main Address

1569 Solano Avenue 635, Berkeley, CA, 94707

NTEE Category

Code: A70 - Arts

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