Kids Read Now
- Assets
- $1.3m
- Revenue
- $4.9m
- Investments
- $0.0
- Employees
- 47
- Location
- Troy, OH
- Founding
- 08/2012
- Data as of
- 09/2021
- EIN
- 45-3504550
Organization Overview
Kids Read Now is located in Troy, OH. The organization was established in 2012. 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 09/2021, Kids Read Now employed 47 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Kids Read Now 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 09/2021, Kids Read Now generated $4.9m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 57.2% each year . All expenses for the organization totaled $4.5m during the year ending 09/2021. While expenses have increased by 41.6% per year over the past 6 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 ELIMINATE THE SUMMER READING SLIDE. MAIL STUDENT SELECTED BOOKS HOME, ONE A WEEK, ALL SUMMER LONG. ENGAGE PARENTS WITH WEEKLY MESSAGING. MEASURE RESULTS WITH READING SCORES EVALUATIONS, STAKEHOLDER SURVEYS AND ENGAGEMENT METRICS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ORGANIZATION PROVIDED APPROXIMATELY 850,000 BOOKS TO OVER 95,000 K-5 ELEMENTARY STUDENTS ACROSS 28 STATES IN FULLFILLING OUR MISSION TO ERADICATE THE SUMMER READING SLIDE AND IMPROVE READING SCORES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Leib Lurie President/ce | OfficerTrustee | $0 | |
Ms Amanda Close Director | Trustee | $0 | |
Robert Bensman Director | Trustee | $0 | |
Andrew Johnson Director | Trustee | $0 | |
Dr Glen Keifer Director | Trustee | $0 | |
Josh Walsh Director | Trustee | $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 | $232,387 |
| Noncash contributions included in lines 1a–1f | $120,000 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $232,387 |
| Total Program Service Revenue | $4,698,418 |
| Investment income | $0 |
| 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 | $4,930,805 |
| 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 | $953,021 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $161,552 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $257,586 |
| Information technology | $94,019 |
| Royalties | $0 |
| Occupancy | $104,138 |
| Travel | $11,392 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $259,311 |
| Interest | $134,085 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $241,398 |
| Insurance | $4,976 |
| All other expenses | $73,709 |
| Total functional expenses | $4,549,552 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $718,565 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $50,530 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $157,064 |
| Prepaid expenses and deferred charges | $5,040 |
| Net Land, buildings, and equipment | $374,321 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,305,520 |
| Accounts payable and accrued expenses | $677,205 |
| Grants payable | $0 |
| Deferred revenue | $47,603 |
| 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 | $3,008,579 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $3,733,387 |
| Net assets without donor restrictions | -$2,427,867 |
| 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 | $1,305,520 |
Grants Recieved
Over the last fiscal year, we have identified 4 grants that Kids Read Now has recieved totaling $111,879.
| Awarding Organization | Amount |
|---|---|
Ver-A-Fast By The Hand Foundation Inc Rocky River, OH PURPOSE: ELIMINATE LEARNING LOSS K-5TH GRADE | $101,000 |
Mightycause Charitable Foundation Marianna, FL PURPOSE: UNRESTRICTED | $5,826 |
Centerpoint Energy Foundation Inc Houston, TX PURPOSE: KIDS READ NOW SUMMER READING PROGRAM | $5,000 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $53 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
National Center For Families Learning Inc Louisville, KY | $16,159,024 | $7,570,588 |
Kids Read Now Troy, OH | $1,305,520 | $4,930,805 |
Communities In Schools Of Michigan Inc Lansing, MI | $5,757,124 | $8,847,770 |
Simon Youth Foundation Inc Indianapolis, IN | $13,534,989 | $1,991,502 |
Reading Recovery Council Of North America Worthington, OH | $1,777,303 | $1,197,918 |
School On Wheels Corp Indianapolis, IN | $2,488,592 | $1,690,910 |
Carnegie Literacy Center Inc Lexington, KY | $1,003,564 | $1,222,449 |
Reading Is Fundamental Pittsburg Pittsburgh, PA | $3,385,621 | $940,540 |
The Literacy Center Allentown, PA | $813,842 | $994,402 |
Kalamazoo Literacy Council Kalamazoo, MI | $565,019 | $856,187 |
Seedlings Braille Books For Children Livonia, MI | $4,243,634 | $799,029 |
The Literacy Alliance Inc Fort Wayne, IN | $1,049,795 | $1,201,778 |