DIBS Financials

Financial Transparency

As a 501(c)(3) nonprofit we are committed to providing a transparent view into our financials. Please follow this Dropbox link to review past 990-N tax documents and our 501(c)(3) documents. DIBS' bookkeeping is managed externally by Cloud Tree Accounting in Omaha, Nebraska. Further financial information can be made available upon request via the contact form on our homepage.

Looking Ahead: Funding Needs

After years with a very small organizational budget (less than $5,000 in 2013, $10,000 in 2014, $30,000 in 2015, and $32,000 in 2016) we are now embarking on larger-scale fundraising efforts to help reach more Omaha students and teachers ($142,000 in 2017, $300,000+ in 2018). As we take on this transition – and especially for those considering supporting DIBS – we wanted to share a few key principles that we will always live by as a nonprofit and as a steward of your dollars:

1. Remaining “Lean” - and Always Transparent - With Our Administrative Costs

From 2011-2016 DIBS didn't have any paid/full-time staff members so the administrative costs behind the program were nominal. This “lean” approach is a point of pride for us – but it is also not necessarily scalable. If we are going to grow from serving 5 schools to serving 46 (our vision as an organization), our administrative costs are naturally going to rise. To help ensure your dollars impact DIBS in the way you want them to, please know that all donations to DIBS can be restricted based on your preferences.

2. Seeking Administrative Funders to Help Your Dollars Go Further:

Through June 30th of 2019 the core administrative costs behind DIBS have been covered thanks to the generosity of our foundation supporters – meaning you can specify where you'd like your donations to go (books, technology, etc.). If you don't specify, just know that we will put your dollars toward the highest-need area that will help us grow and sustain as an Omaha non-profit.

3. Focusing Administrative Support on Areas of Greatest Impact:

Since 2012 DIBS has distributed over 250,000 books into our school communities. Every dollar donated to program materials leads to three books being taken home by our students, and every $19 contribution provides unlimited books to a student for a full school year. That said, getting books distributed is only part of our mission, and we are not yet achieving the impact we want to have as an organization. We need to make administrative investments in order to increase our impact. Here are the three administrative areas where we will be investing most heavily as we grow:

More Staff and Technology Required to Reach More Schools:
Our vision as an organization is to grow to bring unlimited in-home reading opportunities to all 46 Omaha elementary schools with a poverty rate over 70% within the next 5-10 years. We will invest in additional staff and technology required to reach more schools as we grow. 

More Staff and Technology Required to Deepen DIBS’ Impact:
About 33% of our students don’t opt-in to DIBS. They have access to unlimited books in their classroom, yet they opt-out of taking them home. We will invest in staff and technology required to make in-home reading more fun and exciting for all of our students – but especially for this subset of DIBS Kids.

Program Evaluation, Financial Audit and Other Administrative Priorities:
As we scale we are actively seeking to conduct a third party evaluation of DIBS to gauge the impact of DIBS as a literacy intervention, along with an external audit of our financial practices to ensure compliance and to demonstrate our effective stewardship of your dollars. We also invest in administrative resources, including those that help make DIBS an attractive employer for our staff members and for our AmeriCorps team members. 

 

To support these costs we are constantly working to expand and diversify our funding base.

Reach us to learn more about DIBS and how your critical donations can help drive our Mission ahead.