Read And Feed
- Assets
- $989.4k
- Revenue
- $628.1k
- Investments
- $0.0
- Employees
- 7
- Location
- Cary, NC
- Founding
- 04/2006
- Data as of
- 06/2023
- 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 06/2023, Read And Feed employed 7 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 06/2023, Read And Feed generated $628.1k in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 16.6% each year . All expenses for the organization totaled $468.7k during the year ending 06/2023. While expenses have increased by 12.6% per year over the past 5 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
OUR MISSION IS TO STRENGTHEN LITERACY SKILLS AMONG UNDERSERVED 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 DOZENS OF PARTNERSHIPS WITH WCPSS, OTHER NONPROFIT AND COMMUNITY ORGANIZATIONS, READ AND FEED PROVIDED HIGH IMPACT TUTORING FOR 355 CHILDREN DURING THE ACADEMIC YEAR AND 1,188 STUDENTS WITH LARGE SCALE BOOK DISTRIBUTIONS ACROSS SUMMER SITES TO HELP REDUCE SUMMER LEARNING LOSS. THE ORGANIZATION PROVIDED NUTRITIOUS MEALS AND HEALTHY SNACKS, READING TUTORING AND AGE APPROPRIATE BOOKS AT NO CHARGE TO ALL OF THE CHILDREN ATTENDING THE PROGRAM. THERE WERE 23,391 BOOKS DISTRIBUTED THROUGH OUR PROGRAM, HELPING TO BUILD HOME LIBRARIES FOR MANY CHILDREN. OUR VOLUNTEERS DEVOTED 6,095 HOURS TUTORING STUDENTS AT 24 PROGRAM SITES. READ AND FEED ALSO HAD 516 TUTORING SESSIONS CONDUCTED FOR 4,918 HOURS INSTRUCTION, 358 SCHOOL SUPPLY BAGS ISSUED, 8,875 MEALS DISTRIBUTED, AND 8,340 HEALTHY SNACKS CONSUMED BY STUDENTS ATTENDING TUTORING SESSIONS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Carmita Bass Director | Trustee | 1 | $0 |
Leigh Day Director | Trustee | 1 | $0 |
Nia Doaks Director | Trustee | 1 | $0 |
Jan Frantz Director | Trustee | 1 | $0 |
Antwine Jackson Director | Trustee | 1 | $0 |
Christopher Meredith 1st Vice Pre | OfficerTrustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $618,803 |
| Noncash contributions included in lines 1a–1f | $30,522 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $618,803 |
| Total Program Service Revenue | $0 |
| Investment income | $9,317 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $628,125 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $125,803 |
| Compensation of current officers, directors, key employees. | $10,064 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $102,766 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $16,905 |
| Payroll taxes | $18,587 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $13,159 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $340 |
| Advertising and promotion | $2,378 |
| Office expenses | $9,108 |
| Information technology | $14,424 |
| Royalties | $0 |
| Occupancy | $8,298 |
| Travel | $3,322 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $2,937 |
| Interest | $1,895 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $12,007 |
| Insurance | $10,205 |
| All other expenses | $2,480 |
| Total functional expenses | $468,739 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $407,649 |
| Savings and temporary cash investments | $383,634 |
| Pledges and grants receivable | $72,691 |
| Accounts receivable, net | $1,531 |
| 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 | $6,578 |
| Net Land, buildings, and equipment | $9,675 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $47,602 |
| Total assets | $989,360 |
| Accounts payable and accrued expenses | $4,365 |
| 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 | $49,030 |
| Total liabilities | $53,395 |
| Net assets without donor restrictions | $896,499 |
| Net assets with donor restrictions | $39,466 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $989,360 |