Read Early And Daily R E A D
- Assets
- $115.3k
- Revenue
- $159.9k
- Investments
- $0.0
- Employees
- 4
- Location
- Arlington, VA
- Founding
- 06/2018
- Data as of
- 12/2022
- EIN
- 82-3345797
Organization Overview
Read Early And Daily R E A D is located in Arlington, VA. The organization was established in 2018. According to its NTEE Classification (B90) the organization is classified as: Educational Services, under the broad grouping of Education and related organizations. As of 12/2022, Read Early And Daily R E A D employed 4 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Read Early And Daily R E A D 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 12/2022, Read Early And Daily R E A D generated $159.9k in total revenue. This represents relatively stable growth, over the past 4 years the organization has increased revenue by an average of 6.6% each year. All expenses for the organization totaled $158.4k during the year ending 12/2022. 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
EMPOWER FAMILIES TO FOSTER EMPATHY, CURIOSITY, AND SELF-CONFIDENCE IN THEIR YOUNG CHILDREN THROUGH THE JOY OF READING TOGETHER EVERY DAY. PROVIDE NEW, QUALITY, CULTURALLY RELEVANT BOOKS TO BABIES AND YOUNG CHILDREN.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ENSURE BABIES AND YOUNG CHILDREN HAVE NEW, QUALITY, CULTURALLY RELEVANT BOOKS OF THEIR OWN THAT ARE MIRRORS AND WINDOWS INTO THEIR EVERYDAY LIVES AND COMMUNITIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Stephanie Hopkins President | OfficerTrustee | 2 | $0 |
Nadya Abu-Rish Secretary | OfficerTrustee | 2 | $0 |
Jeffrey Joseph Treasurer | OfficerTrustee | 2 | $0 |
Moley Evans Director | Trustee | 1 | $0 |
Eby Okonkwo Director | Trustee | 1 | $0 |
Natalie Roisman Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $4,493 |
| All other contributions, gifts, grants, and similar amounts not included above | $98,757 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $103,250 |
| Total Program Service Revenue | $7,867 |
| Investment income | $61 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $963 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $47,713 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $159,854 |
| 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. | $42,695 |
| Compensation of current officers, directors, key employees. | $6,404 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $23,940 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $5,233 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $5,674 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $3,970 |
| Advertising and promotion | $2,030 |
| Office expenses | $2,315 |
| Information technology | $4,693 |
| Royalties | $0 |
| Occupancy | $6,529 |
| 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 | $11,743 |
| Insurance | $3,146 |
| All other expenses | $6,326 |
| Total functional expenses | $158,361 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $39,513 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $4,564 |
| 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 | $47,086 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $24,105 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $115,268 |
| Accounts payable and accrued expenses | $17,188 |
| 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 | $17,188 |
| Net assets without donor restrictions | $93,516 |
| Net assets with donor restrictions | $4,564 |
| 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 | $115,268 |