International Book Bank Inc
Nonprofit profile at a glance
- EIN
- 363537447
- IRS 990-EZ coverage
- 2017–2017
- Forms available
- Form 990 2016, Form 990-EZ 2017
- Location
- Baltimore, MD, USA
- Phone
- 4106852665
- Rating
- 81
- Verdict
- STRONG
- Rating confidence
- Moderate
- Sector
- Printing, Publishing
Reported finances
- Revenue
- $9,427
- Expenses
- $53,981
- Assets
- $89,414
- Liabilities
- $36
Source: IRS Form 990-EZ. Selected filing: tax year 2017. Amounts in USD.
Leadership & pay
12 people listed
Executive titles in this filing
- DR WENDY SAUL (PRESIDENT)
- DR VICTOR KORENMAN (VICE PRESIDENT)
People named in this filing
- DR WENDY SAUL (PRESIDENT)
- DR VICTOR KORENMAN (VICE PRESIDENT)
- JOHNNY RAMSEY CPA (TREASURER)
Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.
Source: IRS Form 990-EZ. Selected filing: tax year 2017. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
Ibb's mission is to increase global literacy and advance education by supporting the development and distribution of books and other educational materials to marginalized populations.
What it reported doing in 2017
International book bank has procured donations of thousands of book titles and other educational materials from a variety of publishing houses, to be distributed for use by the needy and disadvantaged people of the world.
Operating model
- Revenue model
- Donor-supported. 100% of the money available for current operations came from contributions and gifts.
- Distribution model
- Hybrid. The nonprofit split its reported program spending across 54% for direct work, and 46% for grants.
The verdict
STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Revenue has declined or grown slowly and expenses are high relative to revenue.
Rating breakdown
- Financial Efficiency: 100
- Transparency & Controls: 74
- Sustainability: 31
- Growth: 0
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 100%; rating input score 100
- Program expense ratio: 100%; rating input score 100
Transparency & Controls
- Consistency checks: 90.9%; rating input score 91; 1st percentile among comparable filings
- Major donor itemization: Limited
Sustainability
- Operating margin: -472.6%; rating input score 2; 2nd percentile among comparable filings
- Total-asset coverage ratio: 1.66; rating input score 61; 61st percentile among comparable filings
- Liabilities to assets ratio: 0; rating input score 47; 47th percentile among comparable filings
- Officer compensation ratio: 0%; rating input score 56; 56th percentile among comparable filings
Growth
- Program expense growth: Limited
- Revenue growth: -20.8% per year; rating input score 0; 16th percentile among comparable filings
- Asset growth: -7.7% per year; rating input score 0; 23rd percentile among comparable filings
Details
- Where the money goes: 100% of revenue deployed · 100% of spending went to programs
- Governance: Filed governance answers
- Accomplishments: 1 filed program accomplishment · $54K in reported program spending
- Leadership: top reported pay $0 · 12 people listed
- Consistency: 9 of 9 current checks pass
- Schedules: 2 filed schedules
- Contacts: How to reach this organization
- Money network: 1 filed money-flow record
- Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
- People: Everyone the filings name, and which of them the filings identify by more than a name.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
- High — Growth: Revenue growth scored 0/100.
- High — Sustainability: Operating margin scored 2/100.
- High — Growth: Asset growth scored 0/100.
- Moderate — Sustainability: Liabilities to assets ratio scored 47/100.
- Review — Sustainability: Officer compensation ratio scored 56/100.