Read For Literacy Inc
- Assets
- $849.5k
- Revenue
- $414.9k
- Investments
- $0.0
- Employees
- 5
- Location
- Toledo, OH
- Founding
- 08/1986
- Data as of
- 08/2023
- EIN
- 34-1516490
Organization Overview
Read For Literacy Inc is located in Toledo, OH. The organization was established in 1986. As of 08/2023, Read For Literacy Inc employed 5 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Read For Literacy Inc 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 08/2023, Read For Literacy Inc generated $414.9k in total revenue. The organization has seen a slow decline revenue. Over the past 8 years, revenues have fallen by an average of (1.1%) each year. All expenses for the organization totaled $415.8k during the year ending 08/2023. As we would expect to see with falling revenues, expenses have declined by (1.8%) per year over the past 8 years. 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 A RANGE OF LITERACY SERVICES AND TRAININGS THAT ENABLE CHILDREN, ADULT AND FAMILIES THE OPPORTUNITY TO ACHIEVE SUCCESS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ADULT LITERACY PROGRAM: ADULT BASIC EDUCATION AND ENGLISH LANGUAGE LEARNERS ENGAGES STUDENTS IN LEARNING ACTIVITIES THAT INCREASE READING, WRITING AND COMMUNICATION SKILLS. TUTORS WORK WITH OUR STUDENTS ONE-TO-ONE OR IN SMALL GROUPS SETTING GOALS TO ACHIEVE SUCCESS IN THE CLASSROOM, AT WORK AND IN LIFE.
CREATING YOUNG READERS PROGRAM: THIS LINE OF SERVICE AFFORDS VOLUNTEERS THE OPPORTUNITY TO WORK WITH CHILDREN AGES 3-8 (PRESCHOOL THROUGH 2ND GRADE) WHO ARE AT RISK OF FALLING BEHIND IN EMERGENT LITERACY SKILLS. READER FRIENDS MEET ONE-TO-ONE WITH A CHILD ON READING, ALPHABET RECOGNITION AND OTHER SKILLS ALL WHILE SHARING THEIR LOVE OF READING.
CLAIRE'S DAY: THIS LINE OF SERVICE IS DEDICATED TO INSPIRING CHILDREN AND FAMILIES TO BE LIFELONG READERS. WE DO THIS TO HONOR CLAIRE LYNSEY RUBINI, WHO PASSED AWAY FROM A HEART CONDITION IN 2000 WHEN SHE WAS JUST TEN YEARS OLD. CELEBRATING LIFE, AUTHORS, ILLUSTRATORS AND READING EXCELLENCE, CLAIRE'S DAY ANNUALLY SERVES MORE THAN 20,000 CHILDREN AND THEIR FAMILIES.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Diana Bush Executive Di | Officer | 40 | $71,615 |
Maria Bailey Trustee | Trustee | 1 | $0 |
Jacqueline Banks Trustee | Trustee | 1 | $0 |
Julia R Bates Trustee | Trustee | 1 | $0 |
Jessica Biggs Trustee | Trustee | 1 | $0 |
Selena Nicholas Bublick Trustee | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $52,204 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $341,251 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $393,455 |
| Total Program Service Revenue | $183 |
| Investment income | $21,781 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$507 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $414,912 |
| 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. | $71,615 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $120,987 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $17,235 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $15,300 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $29,861 |
| Office expenses | $1,775 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $1,585 |
| 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 | $0 |
| Insurance | $4,551 |
| All other expenses | $10,399 |
| Total functional expenses | $415,793 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $67,888 |
| Savings and temporary cash investments | $89,403 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $2,263 |
| 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 | $0 |
| Investments—publicly traded securities | $687,064 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $2,884 |
| Total assets | $849,502 |
| Accounts payable and accrued expenses | $9,961 |
| Grants payable | $0 |
| Deferred revenue | $59,308 |
| 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 | $69,269 |
| Net assets without donor restrictions | $780,233 |
| 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 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $849,502 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Literacy Pittsburgh Pittsburgh, PA | $10,830,655 | $10,485,271 |
Literacy Center Of West Michigan Grand Rapids, MI | $1,672,839 | $2,577,919 |
Community Learning Center Philadelphia, PA | $0 | $1,706,278 |
Chester County Opportunities Industrialization Center Coatesville, PA | $973,270 | $1,417,269 |
Delaware County Literacy Council Chester, PA | $1,432,451 | $1,839,010 |
Read For Literacy Inc Toledo, OH | $849,502 | $414,912 |
Chester County Night School West Chester, PA | $33,593 | $386,459 |
Adult Literacy Lawrence County New Castle, PA | $55,434 | $217,479 |
Clark County Literacy Coalition Springfield, OH | $108,559 | $172,171 |
The Capital Region Literacy Council Harrisburg, PA | $119,533 | $0 |
Education Matters Inc Cincinnati, OH | $0 | $0 |