Read And Feed
- Assets
- $635.4k
- Revenue
- $580.6k
- Investments
- $0.0
- Employees
- 10
- Location
- Cary, NC
- Founding
- 04/2006
- Data as of
- 06/2021
- EIN
- 20-3246207
Organization Overview
Read And Feed is located in Cary, NC. The organization was established in 2006. According to its NTEE Classification (P20) the organization is classified as: Human Service Organizations, under the broad grouping of Human Services and related organizations. As of 06/2021, Read And Feed employed 10 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Read And Feed is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 06/2021, Read And Feed generated $580.6k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 10.3% each year . All expenses for the organization totaled $502.9k during the year ending 06/2021. While expenses have increased by 9.9% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
OUR MISSION IS TO STRENGTHEN LITERACY SKILLS AMONG UNDER-SERVED ELEMENTARY SCHOOL CHILDREN, AND PROVIDE MEALS IN A NURTURING NEIGHBORHOOD ENVIRONMENT.
Describe the Organization's Program Activity:
Part 3 - Line 4a
WITH THREE MOBILE CLASSROOMS AND PARTNERSHIPS WITH OTHER NONPROFIT ORGANIZATIONS, READ AND FEED SERVED 554 CHILDREN. WE PROVIDE A NUTRITIOUS MEAL, READING TUTORING AND AGE APPROPRIATE BOOKS AT NO CHARGE TO ALL OF THE CHILDREN ATTENDING THE PROGRAM. IN RETURN, WE ASK FOR THEIR COMMITMENT TO ATTEND THE ENTIRE PROGRAM AND BE ACTIVE PARTICIPANTS. WE DISTRIBUTED 11,063 BOOKS THROUGH OUR PROGRAM, HELPING TO BUILD HOME LIBRARIES FOR MANY OF THE CHILDREN. OUR VOLUNTEERS PUT IN 2,760 HOURS TUTORING STUDENTS AT 26 PROGRAM SITES. READ AND FEED ALSO HAD 116 TUTORING PROGRAMS CONDUCTED FOR 1,075 HOURS OF INSTRUCTION, 774 SCHOOL SUPPLY BAGS ISSUED, 10,048 MEALS DISTRIBUTED, AND 4,414 HEALTHY SNACKS CONSUMED BY STUDENTS ATTENDING TUTORING SESSIONS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Katherine Mullan Executive Director Until Oct | Officer | 40 | $60,789 |
Sherry Overton Shudra Executive Director | Officer | 60 | $5,769 |
Nancy Vodicka Vice President | OfficerTrustee | 5 | $0 |
Sue Stevens Secretary | OfficerTrustee | 5 | $0 |
Kristina Vrabel President | OfficerTrustee | 5 | $0 |
Christopher Meredith Treasurer | OfficerTrustee | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $580,006 |
| Investment income | $150 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $489 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $580,645 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic individuals. | $250 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $86,054 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $169,632 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $18,325 |
| Payroll taxes | $19,118 |
| Fees for services: Management | $26,160 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $16,187 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $5,444 |
| Advertising and promotion | $7,739 |
| Office expenses | $14,043 |
| Information technology | $9,011 |
| Royalties | $0 |
| Occupancy | $30,602 |
| Travel | $2,767 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $3,558 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $21,960 |
| Insurance | $10,652 |
| All other expenses | $0 |
| Total functional expenses | $502,919 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $173,051 |
| Savings and temporary cash investments | $328,371 |
| Pledges and grants receivable | $40,785 |
| Accounts receivable, net | $425 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $60,000 |
| Prepaid expenses and deferred charges | $5,532 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $635,430 |
| Accounts payable and accrued expenses | $26,079 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $26,079 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Total liabilities and net assets/fund balances | $609,351 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Read And Feed has recieved totaling $1,000.
| Awarding Organization | Amount |
|---|---|
Scott Cares Foundation Lynchburg, VA PURPOSE: DONATION | $1,000 |
Peer Organizations
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|---|---|---|
Telamon Corporation Raleigh, NC | $28,971,791 | $85,006,099 |
Pruitt Corporation Employee Welfare Norcross, GA | $5,026,472 | $52,038,649 |
Palmetto Goodwill North Charleston, SC | $100,114,143 | $50,949,954 |
Helping Hands Ministries Inc Tallulah Falls, GA | $3,673,283 | $41,819,921 |
Bremen Food & Clothing Bank Inc Bremen, GA | $515,496 | $35,921,408 |
Navy Marine Coast Guard Residence Foundation Mclean, VA | $169,576,374 | $36,329,894 |
Southwest Georgia Community Action Council Inc Moultrie, GA | $11,357,621 | $35,023,890 |
Mid-Cumberland Human Resource Agency Nashville, TN | $16,634,342 | $31,822,877 |
Must Ministries Inc Marietta, GA | $38,621,848 | $35,481,764 |
Inter-Faith Food Shuttle Raleigh, NC | $8,299,507 | $23,329,525 |
Total Action Against Poverty In Roanoke Valley Roanoke, VA | $8,696,425 | $23,450,227 |
Enrichment Services Program Incorporated Columbus, GA | $4,122,189 | $23,954,834 |