Fundamenta Reading Center Inc
- Assets
- $26.4k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Raleigh, NC
- Founding
- 07/2019
- Data as of
- 12/2022
- EIN
- 84-2383816
Organization Overview
Fundamenta Reading Center Inc is located in Raleigh, NC. The organization was established in 2019. According to its NTEE Classification (B92) the organization is classified as: Remedial Reading & Encouragement, 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. Fundamenta 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 12/2022, Fundamenta Reading Center Inc generated $34.4k in total revenue. This organization has experienced exceptional growth, as over the past 2 years, it has increased revenue by an average of 67.8% each year . All expenses for the organization totaled $17.0k during the year ending 12/2022. While expenses have increased by 30.5% per year over the past 2 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
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3
FUNDAMENTA READING CENTER SERVED ELEMENTARY SCHOOLS IN THE LOCAL AREA THROUGH PARTNERSHIPS. THE ORGANIZATION SERVED RESIDENTS OF A LOCAL GROUP HOME AS WELL AS SERVING STUDENTS ON A ONE ON ONE BASIS WHO NEED READING INSTRUCTION BUT COULD NOT AFFORD THOSE SERVICES
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Cynthia Majors Executive Director | 40 | $1,600 | |
Joan Williams Secretary | 2 | $0 | |
Katina Townsend Treasurer | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $31,783 |
| Total Program Service Revenue | $2,653 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $34,436 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $3,897 |
| Professional fees and other payments to independent contractors | $2,500 |
| Occupancy, rent, utilities, and maintenance | $7,920 |
| Printing, publications, postage, and shipping | $595 |
| Other expenses | $2,042 |
| Total expenses | $16,954 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $26,393 |
| Other assets | $0 |
| Total assets | $26,393 |
| Total liabilities | $0 |
| Net assets or fund balances | $26,393 |