Well Read Mom
- Assets
- $167.7k
- Revenue
- $334.5k
- Investments
- $0.0
- Employees
- 5
- Location
- Ironton, MN
- Founding
- 02/2015
- Data as of
- 06/2022
- EIN
- 46-4825932
Organization Overview
Well Read Mom is located in Ironton, MN. The organization was established in 2015. According to its NTEE Classification (X80) the organization is classified as: Religious Media & Communications, under the broad grouping of Religion-Related and related organizations. As of 06/2022, Well Read Mom employed 5 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Well Read Mom 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 06/2022, Well Read Mom generated $334.5k in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 40.7% each year . All expenses for the organization totaled $265.9k during the year ending 06/2022. While expenses have increased by 34.7% per year over the past 5 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
WELL-READ MOM ACCOMPANIES WOMEN IN THE READING OF GREAT BOOKS AND SPIRITUAL CLASSICS TO ENCOURAGE PERSONAL GROWTH, FRIENDSHIP, AND MEANINGFUL CONVERSATIONS IN ORDER TO EXPLORE THE HUMAN CONDITION AND REORIENT OURSELVES TO WHAT IS GOOD, BEAUTIFUL, AND TRUE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO SUGGEST WORKS OF LITERATURE THAT ENCOURAGE WOMEN TO GROW INTELLECTUALLY, SPIRITUALLY, AND PERSONALLY THROUGH DEEPEND THOUGHT AND CONVERSATION. TO FOSTER MEANINGFUL FRIENDSHIP AMONG WOMEN AND THUS TO COUNTERACT THE INCREASING ISOLATION CHARACTERISTIC OF OUR CULTURE. TO DEEPEN AWARENESS OF THE IMMENSITY OF MEANING HIDDEN IN EACH WOMAN'S DAILY LIFE. TO BUILD COMMUNITY LOCALLY AND NATIONALLY THROUGH MEETINGS AND WELL- READ MOM EVENTS. TO PROVIDE ORIGINAL RESOURCE MATERIALS THAT ILLUMINATE THE LITERATURE THROUGH THE LENS OF CATHOLIC TRADITION. TO ENCOURAGE INTENTIONAL FAMILY LIFE, READING IN THE HOME, AND ALL MOTHERS' AWARENESS OF THEIR UNIQUE PRESENCE IN THE HEART OF THE FAMILY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Nicole Bugnacki Executive Di | Officer | 40 | $25,006 |
Emily Allegra Treasurer | OfficerTrustee | 1.5 | $0 |
Ann Silgen Director | OfficerTrustee | 1.5 | $0 |
Michelle Lemieur Secretary | OfficerTrustee | 1.5 | $0 |
Marcie Stokman President | OfficerTrustee | 1.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $230,472 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $44,380 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $274,852 |
| Total Program Service Revenue | $24,380 |
| 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 | $35,279 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $334,511 |
| 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 | $66,490 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $6,062 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $7,008 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $20,304 |
| Office expenses | $32,514 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $10,054 |
| Travel | $31,309 |
| 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 | $0 |
| All other expenses | $9,858 |
| Total functional expenses | $265,919 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $157,690 |
| Savings and temporary cash investments | $10,008 |
| Pledges and grants receivable | $0 |
| 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 | $0 |
| Prepaid expenses and deferred charges | $0 |
| 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 | $167,698 |
| Accounts payable and accrued expenses | $2,131 |
| 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 | $0 |
| Total liabilities | $2,131 |
| Net assets without donor restrictions | $165,567 |
| 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 | $167,698 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Well Read Mom has recieved totaling $5,590.
| Awarding Organization | Amount |
|---|---|
Communitygiving St Cloud, MN PURPOSE: GEN/OPER SUPPORT | $5,500 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $90 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Salvation Poem Foundation Sparta, WI | $3,136,023 | $4,409,624 |
Minn-Iowa Christian Broadcasting Inc Mankato, MN | $3,549,582 | $1,750,381 |
Christian Heritage Broadcasting Inc Osakis, MN | $3,031,849 | $1,841,551 |
Minnesota Christian Broadcasters Inc Pequot Lakes, MN | $2,085,212 | $1,109,834 |
Great Commission Media Ministries - Usa Saint Paul, MN | $175,593 | $878,017 |
Lakeshore Communications Inc De Pere, WI | $849,224 | $666,318 |
Patternsofevidencefoundation Eden Prairie, MN | $194,892 | $605,435 |
Pastors Study Minneapolis, MN | $630,324 | $857,100 |
Creation Moments Inc Foley, MN | $398,463 | $346,258 |
T L C Broadcasting Corporation Mason City, IA | $562,902 | $267,903 |
Well Read Mom Ironton, MN | $167,698 | $334,511 |
Western Wisconsins Inspirational Broadcaster Inc Chippewa Falls, WI | $8,068 | $0 |