Read Usa Inc
- Assets
- $1.6m
- Revenue
- $2.6m
- Investments
- $0.0
- Employees
- 2
- Location
- Atlantic Beach, FL
- Founding
- 06/2016
- Data as of
- 12/2021
- EIN
- 47-4729513
Organization Overview
Read Usa Inc is located in Atlantic Beach, FL. The organization was established in 2016. 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 12/2021, Read USA Inc employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Read USA 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 12/2021, Read USA Inc generated $2.6m in total revenue. All expenses for the organization totaled $1.5m during the year ending 12/2021. While expenses have increased by 82.1% 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
BASED ON RESEARCH, READ USA, INC. IS TARGETING BREAKING THE CYCLE OF POVERTY BY EQUIPPING LITERACY RESOURCES TO CHILDREN OF LOW INCOME HOMES. RESEARCH SHOWS THAT TWO-THIRDS OF LOW INCOME HOMES HAVE ZERO BOOKS AND TWO-THIRDS OF FOURTH GRADE CHILDREN WHO STRUGGLE TO READ WILL END UP IN JAIL OR ON WELFARE. READ USA, INC. IS CREATING AWARENESS AND ACTION TOWARDS THIS ISSUE AND TURNING THE PAGE ON THESE STATISTICS IN A POSITIVE WAY. THE ORGANIZATION PROVIDES BOOK CHOICE AND OWNERSHIP FOR CHILDREN IN UNDER- RESOURCED COMMUNITIES THROUGH BOOK FAIRS AND BOOK EVENTS. THE ORGANIZATION ALSO WORKS TO IMPROVE GRADE-LEVEL READING PROFICIENCY BY PAIRING HIGH SCHOOL TEEN TUTORS WITH ELEMENTARY SCHOOL STUDENTS STRUGGLING TO READ, PROVIDING DAILY, INTENSIVE ONE- TO-ONE MULTISENSORY TUTORING FOCUSED ON ORAL READING FLUENCY, PHONICS, PHONEMIC AWARENESS, VOCABULARY, READING COMPREHENSION SKILLS, AND WRITING. THE ORGANIZATION OFFERS MULTICULTURAL LITERACY PROGRAMMING THAT INCLUDES VIRTUAL "READ ALOUDS" FROM
Describe the Organization's Program Activity:
Part 3 - Line 4a
READ USA SERVED OVER 50,000 PRE-SCHOOL AGE AND ELEMENTARY SCHOOL STUDENTS FROM IN OVER 100 ELEMENTARY SCHOOLS AND 5 COMMUNITY CENTERS THAT SERVE CHILDREN FROM UNDER RESOURCED COMMUNITIES WITH OVER 150,000 BRAND NEW, AGE APPROPRIATE BOOKS THEY SELECTED FOR BOOK OWNERSHIP AND BUILDING THEIR HOME LIBRARIES.
READ USA ALSO EXPANDED THEIR PEER-TO-PEER READING TUTORING INTERVENTION PROGRAM EMPLOYING, TRAINING, AND SUPERVISING OVER 250 HIGH SCHOOL TEENS MOSTLY FROM THE MAYOR'S YOUTH AT WORK PARTNERSHIP AND HIRING OVER 50 LICENSED EDUCATORS WITHIN THE SCHOOL DISTRICT PROVIDING ENHANCED PAY AND PROFESSIONAL LITERACY INSTRUCTION DEVELOPMENT. THESE TEEN TUTORS RECEIVED TRAINING ON THE CURRICULUM MATERIALS AND PROFESSIONAL WORK ENVIRONMENT EXPECTATION AND SKILLS. THEY WERE THEN PAIRED WITH NEARLY 800 ELEMENTARY SCHOOL STUDENTS IDENTIFIED BY THE SCHOOL DISTRICT AS BELOW GRADE LEVEL READERS FOR AN INTENSE DAILY 1 TO 1 LITERACY TUTORING SESSION FOR 4 MONTHS IN 12 DUVAL COUNTY ELEMENTARY SCHOOLS. PRE AND POST ASSESSMENT TESTS WERE ANALYZED BY AN INDEPENDENT SOURCE, THE UNIVERSITY OF NORTH FLORIDA, WHICH SHOWED TO BE HIGHLY EFFECTIVE IN PRODUCING READING GAINS FOR BOTH THE TEEN TUTORS AS WELL AS THE YOUNGER STUDENTS THEY LED.
READ USA HELD A COMMUNITY EVENT, "PEACE IN THE PAGES," RAISING AWARENESS THROUGH HONORING AWARD WINNERS IN THE COMMUNITY THAT EXEMPLIFY THE RELATIONSHIP BETWEEN LITERACY AND PEACE, PROSPERITY, EMPATHY, NON-VIOLENCE, JUSTICE, AND FREEDOM AND ENCOURAGE SUPPORT TOWARDS THESE ISSUES, ESPECIALLY ILLITERACY.
READ USA EXPANDED ITS MULTI-CULTURAL LITERACY OFFERINGS THROUGH EXPANDED PARTNERSHIPS WITH THE JACKSONVILLE JAGUARS, THE CUMMER MUSEUM OF ART AND GARDENS, AND OTHERS WITH ADDITIONAL BOOK OWNERSHIP OPPORTUNITIES FOR CHILDREN AS A WELL AS MANY ADDITIONAL FREE DIGITAL RESOURCES, INCLUDING READ ALOUDS BY LOCAL AND NATIONAL LEADERS, MANY VIDEO CREATIONS BY READ USA AS WELL AS INSTRUCTIONAL VIDEOS AND RESOURCES FOR EDUCATORS AND FAMILIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Robert Kelly Cao | Officer | 40 | $93,001 |
Terrance Freeman CEO | Officer | 40 | $88,465 |
Rudy Jamison Jr Secretary | OfficerTrustee | 1 | $0 |
Vanessa Tussey Vice-Chair | OfficerTrustee | 1 | $0 |
Ellen A Wiss Chair | OfficerTrustee | 40 | $0 |
Greg Burton Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $801,143 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,767,864 |
| Noncash contributions included in lines 1a–1f | $490,071 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,569,007 |
| Total Program Service Revenue | $0 |
| 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 | $2,569,007 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $5,400 |
| 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. | $88,465 |
| Compensation of current officers, directors, key employees. | $42,021 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $93,000 |
| Pension plan accruals and contributions | $2,790 |
| Other employee benefits | $2,063 |
| Payroll taxes | $14,564 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $830 |
| Fees for services: Accounting | $13,566 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $1,564 |
| Advertising and promotion | $26,122 |
| Office expenses | $28,040 |
| Information technology | $9,956 |
| Royalties | $0 |
| Occupancy | $4,924 |
| Travel | $0 |
| 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 | $2,378 |
| Insurance | $336 |
| All other expenses | $296 |
| Total functional expenses | $1,483,422 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $62,507 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $296,100 |
| Accounts receivable, net | $446,067 |
| 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 | $459,739 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $286,100 |
| Total assets | $1,550,513 |
| Accounts payable and accrued expenses | $438,732 |
| 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 | $12,945 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $451,677 |
| Net assets without donor restrictions | $582,200 |
| Net assets with donor restrictions | $516,636 |
| 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 | $1,550,513 |
Grants Recieved
Over the last fiscal year, we have identified 17 grants that Read Usa Inc has recieved totaling $518,150.
| Awarding Organization | Amount |
|---|---|
The Community Foundation For Northeast Florida Inc Jacksonville, FL PURPOSE: GENERAL OPERATIONS OVER 3 YEARS AT $75,000.00 A YEAR | $225,000 |
The Community Foundation For Northeast Florida Inc Jacksonville, FL PURPOSE: GENERAL OPERATING | $75,000 |
The Community Foundation For Northeast Florida Inc Jacksonville, FL PURPOSE: GENERAL OPERATING/VARIOUS | $29,500 |
The Community Foundation For Northeast Florida Inc Jacksonville, FL PURPOSE: GENERAL OPERATING | $25,000 |
The Community Foundation For Northeast Florida Inc Jacksonville, FL PURPOSE: BOOK FAIR SPONSORSHIP FOR SELECT SCHOOLS IN THE CENTRAL URBAN CORE | $25,000 |
The Community Foundation For Northeast Florida Inc Jacksonville, FL PURPOSE: GENERAL OPERATING | $25,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
The Palm Beach County Literacy Coalition Inc Boynton Beach, FL | $5,052,604 | $4,385,458 |
Childrens Reading Center Inc Palatka, FL | $3,783,274 | $2,355,676 |
Read Usa Inc Atlantic Beach, FL | $1,550,513 | $2,569,007 |
Literacy Action Inc Atlanta, GA | $1,276,569 | $1,539,429 |
The Global Village Project Inc Decatur, GA | $2,051,230 | $1,459,701 |
Dream Center Of Lakeland Inc Lakeland, FL | $1,221,957 | $1,316,290 |
Classroom Champions Inc St Petersburg, FL | $339,187 | $761,169 |
Mufuka Private Foundation St Petersburg, FL | $0 | $176,252 |
Hollywood Educational And Literacy Project Miami Inc Miami, FL | $305,033 | $696,098 |
Team Up Mentoring Inc Monroe, GA | $139,641 | $683,392 |
Sing Out And Read Inc Tampa, FL | $87,490 | $575,102 |
Stair Of Birmingham Birmingham, AL | $280,779 | $590,806 |