Childrens Reading Center Inc
- Assets
- $4.8m
- Revenue
- $3.1m
- Investments
- $0.0
- Employees
- 46
- Location
- Palatka, FL
- Founding
- 01/2000
- Data as of
- 06/2023
- 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 06/2023, 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 06/2023, Childrens Reading Center Inc generated $3.1m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 9.2% each year. All expenses for the organization totaled $2.4m during the year ending 06/2023. While expenses have increased by 7.8% per year over the past 7 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
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 SERVCES AS THE FOUNDATION FOR ALL FUTURE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SUCCESSFULLY EDUCATED 255 AND 240 STUDENTS GRADES K TO 5 CONTINUED LIBERIA READS PROGRAM.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Detra Evans Vice President | OfficerTrustee | 2 | $0 |
Geri Melosh Dr Executive Director | Officer | 10 | $21,115 |
Justin Edwards President | Officer | 2 | $0 |
James Griffith Vice President | Officer | 2 | $0 |
Reynolds Matt Treasurer | Officer | 2 | $0 |
Write Jarvis Member | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $4,280 |
| Related organizations | $0 |
| Government grants | $2,909,803 |
| All other contributions, gifts, grants, and similar amounts not included above | $108,365 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $3,022,448 |
| 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 | $1,260 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,058,034 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $20,000 |
| 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 | $1,593,110 |
| Pension plan accruals and contributions | $164,252 |
| Other employee benefits | $280 |
| Payroll taxes | $118,989 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $27,392 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $19,667 |
| Advertising and promotion | $0 |
| Office expenses | $69,425 |
| Information technology | $918 |
| Royalties | $0 |
| Occupancy | $33,929 |
| Travel | $38,760 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $40,035 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $159,067 |
| Insurance | $128,222 |
| All other expenses | $0 |
| Total functional expenses | $2,438,005 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,341,523 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $199,446 |
| 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 | $26,961 |
| Net Land, buildings, and equipment | $2,615,325 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $654,688 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $4,837,943 |
| Accounts payable and accrued expenses | $297,504 |
| 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 | $827,845 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $1,575,349 |
| Net assets without donor restrictions | $599,631 |
| Net assets with donor restrictions | $2,662,963 |
| 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 | $4,837,943 |