Overview
What is Bookmarks Inc?
Bookmarks Inc., based in Winston-Salem, North Carolina, is a literary arts nonprofit organization that stimulates a passion for reading and writing within the Forsyth County community. Their primary activities include organizing a free annual book festival featuring author readings, workshops, book signings, and children's programs. They also arrange author visits to schools in the Triad area and surrounding counties at no cost to the schools, helping incorporate authors and their books into the curriculum. Bookmarks Inc. further connects readers with authors through year-round events at their nonprofit bookstore and by organizing events featuring renowned and award-winning authors, some of which are free, while others are ticketed fundraisers.
Official website here: www.bookmarksnc.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 92% (Four-Star out of Four Stars)
Bookmarks Inc has achieved a Four-Star rating from Charity Navigator, reflecting a high level of accountability and financial health. The rating is based entirely on their Accountability & Finance score, which stands at 92%. This score indicates that the organization effectively manages its resources and has strong oversight mechanisms in place.
The organization benefits from a fully independent board, with all 16 members meeting the criteria for independence. This structure is complemented by a robust audit and oversight committee, ensuring transparency and integrity in financial reporting. Notably, there have been no instances of material diversion of assets, which further highlights the nonprofit's commitment to ethical financial practices.
However, some areas for improvement have been noted. While the organization has comprehensive policies in place regarding conflicts of interest and document retention, it lacks a whistleblower policy. Addressing this gap could enhance their governance framework and further solidify their reputation among stakeholders. Overall, Bookmarks Inc demonstrates strong financial management and accountability, making it a reliable choice for donors.
This AI summary has been generated from information found on Charity Navigator.
Is Bookmarks Inc legitimate?
Bookmarks Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Bookmarks 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: $73,457
Professional Fundraising Fees: $0
Other Salaries and Wages: $423,507
For more financial information, click here
Official website here: www.bookmarksnc.org
What is the mission statement of Bookmarks Inc?
Bookmarks Inc, as a literary arts organization, is committed to fostering a love of reading and writing within the community. They achieve this by connecting readers with authors and books through various means. This includes an annual festival of books, an Authors in Schools program, and year-round events at their nonprofit independent bookstore. The annual festival features author readings, workshops, book signings, and children's programs, all free to the public. They also organize author visits to schools in North Carolina, primarily in the Triad area and surrounding counties, at no cost to the schools. Furthermore, Bookmarks Inc hosts author events featuring bestselling and award-winning authors to further connect readers with authors. Some of these events are free, while others are ticketed fundraising events. Additionally, the organization operates an independent bookstore to promote reading and serves as a gathering place for readers to connect with other readers.
Official website here: www.bookmarksnc.org
Who is the CEO of Bookmarks Inc?
Julie Groves is the Executive Di of Bookmarks Inc.
Official website here: www.bookmarksnc.org
What is the revenue of Bookmarks Inc?
Bookmarks Inc's revenue in 2022 was $2,327,418.
Official website here: www.bookmarksnc.org
Who are the executives of Bookmarks Inc and what are their salaries?
The average compensation at Bookmarks Inc during 2022 was $20,707. There are 24 employees and 196 volunteers at Bookmarks Inc.
Here are 18 key members and their salaries:
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Official website here: www.bookmarksnc.org
Where can I find the form 990 for Bookmarks Inc?
Bookmarks Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.bookmarksnc.org
Learn more at the official website: www.bookmarksnc.org
Mission Statement of Bookmarks Inc
Bookmarks Inc, a literary arts organization, is dedicated to fostering a love for reading and writing within the Forsyth County community. This nonprofit achieves its mission by connecting readers with authors and books in various ways. One of its primary initiatives is the annual Festival of Books, which features author readings, workshops, book signings, and children's programs, all of which are free to the public.
In addition to the annual festival, Bookmarks Inc also conducts an Authors in Schools program. This program involves visiting schools in North Carolina, primarily in the Triad area and surrounding counties, at no cost to the schools. During these visits, authors share their work and engage with students, helping to incorporate authors and their books into the curriculum. The organization also organizes author events featuring bestselling and award-winning authors, providing further opportunities for readers to connect with their favorite authors. Some of these events are free, while others are ticketed fundraising events.
Furthermore, Bookmarks Inc operates an independent bookstore, serving as a gathering place for readers to connect with one another. This bookstore not only promotes reading but also contributes to the organization's fundraising efforts. In summary, Bookmarks Inc is a literary arts organization that utilizes a range of activities and events to foster a love of reading and writing within the Forsyth County community, connecting readers with authors and books in meaningful ways.
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Impact
July, 2024
Bookmarks Inc's impact can be seen in the way it fosters a love of reading and writing within the Forsyth County community. Through its various programs, such as the annual festival of books, authors in schools program, and year-round events at their independent bookstore, Bookmarks connects readers with authors and books. By organizing author visits to schools, collaborating with teachers to incorporate authors into the curriculum, and hosting events featuring bestselling and award-winning authors, Bookmarks enriches the literary experience for the community. Additionally, the organization's operation of an independent bookstore serves as a gathering place for readers to connect with one another and further promotes a culture of reading. Overall, Bookmarks Inc plays a significant role in promoting literacy and literary engagement in the Forsyth County area.
This information is meant to be a general summary of Bookmarks 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: $4,054
- Program Service Revenue: $1,607,037
- Gross Receipts: $2,327,418
Assets and Liabilities:
- Total Assets: $2,391,193
- Total Liabilities: $1,007,419
- Net Assets: $1,383,774
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
BOOK SALES REVENUE
Revenue
$1,564,535
EVENTS
Revenue
$42,502
Organization Details
Founding Year
2004
Phone
(336) 747-1471Principal Officer
Julie Groves
Main Address
634 W FOURTH STREET 110, WINSTONSALEM, NC, 27101
Website
www.bookmarksnc.orgNTEE Category
Code: B99 - Education
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