Reading Is Fundamental Pittsburg
- Assets
- $3.4m
- Revenue
- $1.3m
- Investments
- $0.0
- Employees
- 16
- Location
- Pittsburgh, PA
- Founding
- 04/1988
- Data as of
- 05/2023
- EIN
- 25-1558336
Organization Overview
Reading Is Fundamental Pittsburg is located in Pittsburgh, PA. The organization was established in 1988. According to its NTEE Classification (B92) the organization is classified as: Remedial Reading & Encouragement, under the broad grouping of Education and related organizations. As of 05/2023, Reading Is Fundamental Pittsburg employed 16 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Reading Is Fundamental Pittsburg 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 05/2023, Reading Is Fundamental Pittsburg generated $1.3m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 8.2% each year. All expenses for the organization totaled $1.4m during the year ending 05/2023. While expenses have increased by 5.2% per year over the past 8 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
TO PROVIDE CHILDREN WITH THE RESOURCES, MOTIVATION AND OPPORTUNITIES TO DEVELOP A LIFE-LONG LOVE OF READING.
Describe the Organization's Program Activity:
Part 3 - Line 4a
BOOKS FOR KEEPS: FEATURES FUN, EDUCATIONAL READING CELEBRATIONS THAT COMBINE STORYTIMES, MOTIVATIONAL LITERACY ACTIVITIES, AND THE OPPORTUNITY TO SELECT A BOOK TO TAKE HOME AND KEEP. CHILDREN AT SCHOOLS, EARLY CHILDHOOD CENTERS, AND AFTERSCHOOL PROGRAMS PARTICIPATE IN 3-5 INTERACTIVE READING CELEBRATIONS DESIGNED TO ENGAGE CHILDREN IN THE JOY OF READING AND LEARNING.
STORYMOBILE: THESE LENDING LIBRARIES-ON-WHEELS TAKE BOOKS AND LITERACY RESOURCES TO EARLY CHILDHOOD CENTERS, PRE-K AND KINDERGARTEN CLASSROOMS, AFTERSCHOOL PROGRAMS, PUBLIC HOUSING COMMUNITIES, AND COMMUNITY EVENTS ACROSS OUR CITY.
EVERYBODY WINS!: EVERYBODY WINS! IS A LITERACY AND MENTORING PROGRAM THAT STRIVES TO BUILD LITERACY SKILLS AND A LOVE OF READING IN ELEMENTARY SCHOOL STUDENTS. THIS PROGRAM PAIRS PRE-K THROUGH THIRD GRADERS WITH VOLUNTEERS FROM LOCAL COMPANIES AND ORGANIZATIONS TO SHARE CONVERSATION AND GOOD BOOKS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Francis X Solano Jr MD Facp President | OfficerTrustee | 0.3 | $0 |
Macalus Hogan Board Member | Trustee | 0.3 | $0 |
Vincent O'sullivan Treasurer | OfficerTrustee | 0.3 | $0 |
Kevin Acklin Board Member | Trustee | 0.3 | $0 |
Jordan S Blask Vice President/secretary | OfficerTrustee | 0.3 | $0 |
Sylvia Owusu-Ansah Board Member | Trustee | 0.3 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $129,591 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,055,939 |
| Noncash contributions included in lines 1a–1f | $13,000 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,185,530 |
| Total Program Service Revenue | $44,360 |
| Investment income | $54,221 |
| 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 | $1,284,111 |
| 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. | $235,125 |
| Compensation of current officers, directors, key employees. | $18,304 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $482,954 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $62,322 |
| Payroll taxes | $53,971 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $2,926 |
| Fees for services: Accounting | $26,831 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $3,024 |
| Advertising and promotion | $0 |
| Office expenses | $23,181 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $29,791 |
| Travel | $16,870 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $53,341 |
| Insurance | $20,118 |
| All other expenses | $4,619 |
| Total functional expenses | $1,381,766 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $226,501 |
| Savings and temporary cash investments | $2,453,488 |
| Pledges and grants receivable | $391,688 |
| Accounts receivable, net | $129,591 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $123,937 |
| Investments—publicly traded securities | $2,030 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $73,984 |
| Total assets | $3,401,219 |
| Accounts payable and accrued expenses | $79,936 |
| 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 | $73,515 |
| Total liabilities | $153,451 |
| Net assets without donor restrictions | $2,832,916 |
| Net assets with donor restrictions | $414,852 |
| 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 | $3,401,219 |