Start Reading Now
- Assets
- $8.3k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Minneapolis, MN
- Founding
- 02/2016
- Data as of
- 09/2023
- EIN
- 47-5221625
Organization Overview
Start Reading Now is located in Minneapolis, MN. The organization was established in 2016. According to its NTEE Classification (B11) the organization is classified as: Single Organization Support, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Start Reading 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, Start Reading Now generated $143.1k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (11.8%) each year. All expenses for the organization totaled $150.6k during the year ending 09/2023. As we would expect to see with falling revenues, expenses have declined by (4.1%) per year over the past 4 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3
START READING NOW'S PROGRAM WORKS TO CLOSE THE ACHIEVEMENT GAP FOR LOW-INCOME KIDS IN 1ST, 2ND, & 3RD GRADE BY HELPING KIDS BUILD THEIR OWN LIBRARY OF 30 BOOKS VIA FREE BOOK FAIRS AT THE END OF THE SCHOOL YEAR. 4,000 KIDS SERVED EACH YEAR.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Hannah Serrano Chair | 2 | $0 | |
Jonathan Simon Treasurer | 1 | $0 | |
Lauren Beek Secretary | 3 | $10,737 | |
Scott Evangelist Board Member | 4 | $0 | |
Cammy Smith Board Member | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $142,995 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $79 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $143,074 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $10,737 |
| Professional fees and other payments to independent contractors | $4,430 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $8,052 |
| Other expenses | $127,364 |
| Total expenses | $150,583 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $8,311 |
| Other assets | $0 |
| Total assets | $8,311 |
| Total liabilities | $0 |
| Net assets or fund balances | $8,311 |