Read Muskegon
- Assets
- $308.6k
- Revenue
- $378.6k
- Investments
- $0.0
- Employees
- 11
- Location
- Muskegon, MI
- Founding
- 03/2006
- Data as of
- 12/2021
- EIN
- 41-2176728
Organization Overview
Read Muskegon is located in Muskegon, MI. The organization was established in 2006. According to its NTEE Classification (B60) the organization is classified as: Adult Education, under the broad grouping of Education and related organizations. As of 12/2021, Read Muskegon employed 11 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Read Muskegon 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 12/2021, Read Muskegon generated $378.6k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 27.1% each year . All expenses for the organization totaled $334.7k during the year ending 12/2021. While expenses have increased by 19.4% 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
TO INCREASE THE QUALITY OF LIFE IN MUSKEGON COUNTY THROUGH IMPROVED LITERACY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
IMPROVEMENT OF LITERACY IN MUSKEGON COUNTY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Melissa Moore Executive Di | Officer | 40 | $65,000 |
Brandon Davis Chair | OfficerTrustee | 1 | $0 |
Tamica Fox Vice Chair | OfficerTrustee | 1 | $0 |
David Kitchen Secretary | OfficerTrustee | 1 | $0 |
Kenneth Long Treasurer | OfficerTrustee | 1 | $0 |
Jonathan Wilson Past Chair | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $92,413 |
| All other contributions, gifts, grants, and similar amounts not included above | $270,377 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $362,790 |
| Total Program Service Revenue | $15,765 |
| Investment income | $63 |
| 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 | $378,618 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $185,669 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $14,205 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $6,827 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $954 |
| Office expenses | $1,628 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $7,121 |
| Travel | $823 |
| 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 | $3,043 |
| All other expenses | $33,126 |
| Total functional expenses | $334,718 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $162,098 |
| Savings and temporary cash investments | $105,429 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $40,830 |
| 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 | $256 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $308,613 |
| Accounts payable and accrued expenses | $0 |
| 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 | $138,210 |
| Total liabilities | $138,210 |
| Net assets without donor restrictions | $170,403 |
| 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 | $308,613 |
Grants Recieved
Over the last fiscal year, we have identified 6 grants that Read Muskegon has recieved totaling $93,567.
| Awarding Organization | Amount |
|---|---|
Muskegon County Community Foundation Muskegon, MI PURPOSE: 2 FAMILY LITERACY EVENTS; GENERAL OPERATING SUPPORT; GROCERIES FOR FAMILIES; LITERACY COLLABORATIVE | $46,750 |
United Way Of The Lakeshore Inc Muskegon, MI PURPOSE: LITERACY SUPPORT SERVICES | $29,996 |
Grand Rapids Community Foundation Grand Rapids, MI PURPOSE: GENERAL OPERATING SUPPORT | $11,500 |
Consumers Energy Foundation Jackson, MI PURPOSE: COMMUNITY LEADERSHIP INITIATIVE | $5,000 |
Frey Foundation Grand Rapids, MI PURPOSE: READ MUSKEGON ANNUAL SUPPORT | $200 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $121 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Education At Work Inc Indianapolis, IN | $7,418,747 | $27,265,167 |
St Coletta Of Wisconsin Inc Jefferson, WI | $22,544,522 | $20,338,471 |
Nbi-Sems Inc Altoona, WI | $32,056,887 | $23,539,455 |
Eleven Fifty Academy Inc Indianapolis, IN | $2,885,301 | $14,569,317 |
Newton Services Foundation Inc Flint, MI | $3,036,249 | $10,428,739 |
Council For Adult And Experiental Learning Indianapolis, IN | $4,495,606 | $4,303,081 |
Van Andel Institute Graduate School Grand Rapids, MI | $1,492,760 | $4,853,861 |
Kelley Executive Education Foundation Inc Bloomington, IN | $1,125,624 | $3,371,150 |
Education And Training Connection Midland, MI | $2,969,193 | $3,353,333 |
Columbus Literacy Council Columbus, OH | $1,481,733 | $3,063,188 |
Evansville Plumbers Apprentice Training Trust Fund Evansville, IN | $3,497,630 | $2,319,217 |
Inforum Detroit, MI | $3,977,241 | $2,035,446 |