Childrens Reading Center Inc
- Assets
- $3.8m
- Revenue
- $2.4m
- Investments
- $0.0
- Employees
- 46
- Location
- Palatka, FL
- Founding
- 01/2000
- Data as of
- 06/2021
- EIN
- 59-3600088
Organization Overview
Childrens Reading Center Inc is located in Palatka, FL. The organization was established in 2000. 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 06/2021, Childrens Reading Center Inc employed 46 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Childrens Reading Center 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 06/2021, Childrens Reading Center Inc generated $2.4m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 6.1% each year. All expenses for the organization totaled $2.5m during the year ending 06/2021. While expenses have increased by 9.8% 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
EDUCATION GRADES K TO 5 ALL ADULTS WORK TOGETHER TO PROMOTE HIGH LEVELS OF LEARNING FOR ALL STUDENTS IN A CARING, RESPECTFUL, AND DISCIPLINED ENVIRONMENT. 1.READING WELL IS THE SINGLE MOST IMPORTANT ACADEMIC SKILL A CHILD CAN ACQUIRE AND SERVES AS THE FOUNDATION FOR ALL FUTURE
Describe the Organization's Program Activity:
Part 3 - Line 4a
SUCCESSFULLY EDUCATED 248 STUDENTS GRADES K TO 5CONTINUED LIBERIA READS PROGRAM
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Justin Edwards Treasurer | Officer | 2 | $0 |
Caroline Tingle Presidentsecretary | Officer | 2 | $0 |
Geri Melosh Executive Director | Officer | 10 | $0 |
James Griffith Vice President | Officer | 2 | $0 |
Detra Evans Member | Trustee | 2 | $0 |
Brian Keith Member | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $3,617 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $3,617 |
| Total Program Service Revenue | $2,234,534 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $117,525 |
| 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 | $2,355,676 |
| 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 | $1,592,118 |
| Pension plan accruals and contributions | $128,669 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $2,542 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $30,205 |
| Advertising and promotion | $0 |
| Office expenses | $34,664 |
| Information technology | $509,048 |
| Royalties | $0 |
| Occupancy | $166,663 |
| Travel | $17,521 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $46,130 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $2,527,560 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $801,735 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $165,776 |
| Accounts receivable, net | $3,000 |
| 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 | $527,287 |
| Net Land, buildings, and equipment | $2,285,476 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $3,783,274 |
| Accounts payable and accrued expenses | $138,412 |
| 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 | $450,000 |
| Secured mortgages and notes payable | $962,719 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $1,551,131 |
| Net assets without donor restrictions | $2,232,143 |
| 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 | $3,783,274 |
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 |