Kids Read Now
- Assets
- $1.9m
- Revenue
- $5.6m
- Investments
- $0.0
- Employees
- 30
- Location
- Troy, OH
- Founding
- 08/2012
- Data as of
- 09/2023
- 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 09/2023, Kids Read Now employed 30 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 09/2023, Kids Read Now generated $5.6m in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 42.6% each year . All expenses for the organization totaled $5.6m during the year ending 09/2023. While expenses have increased by 33.2% 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 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 903,719 BOOKS TO OVER 135,782 K-5 ELEMENTARY STUDENTS ACROSS 27 STATES IN FULFILLING 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 | 40 | $0 |
Barbara Lurie Literacy Pro | Trustee | 30 | $0 |
Dr Kamshia Childs Director | Trustee | 2 | $0 |
Ms Amanda Close Director | Trustee | 2 | $0 |
Todd Imwalle Director | Trustee | 2 | $0 |
Dr Glen Keifer Director | Trustee | 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 | $1,655,269 |
| Noncash contributions included in lines 1a–1f | $390,500 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,655,269 |
| Total Program Service Revenue | $3,926,898 |
| Investment income | $11,646 |
| 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 | $5,593,813 |
| 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. | $195,000 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,171,145 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $204,504 |
| 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 | $47,787 |
| Office expenses | $475,067 |
| Information technology | $153,401 |
| Royalties | $0 |
| Occupancy | $94,506 |
| Travel | $41,485 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $147,476 |
| Interest | $116,890 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $181,130 |
| Insurance | $20,524 |
| All other expenses | $39,023 |
| Total functional expenses | $5,579,301 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $721,021 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $151,760 |
| 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 | $583,763 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $484,958 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $5,313 |
| Total assets | $1,946,815 |
| Accounts payable and accrued expenses | $567,943 |
| Grants payable | $0 |
| Deferred revenue | $536,071 |
| 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 | $3,294,640 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $4,398,654 |
| Net assets without donor restrictions | -$2,451,839 |
| 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 | $1,946,815 |