Reach Out And Read Inc
- Assets
- $15.0m
- Revenue
- $20.6m
- Investments
- $1.4m
- Employees
- 75
- Location
- Boston, MA
- Founding
- 12/1999
- Data as of
- 06/2022
- EIN
- 04-3481253
Organization Overview
Reach Out And Read Inc is located in Boston, MA. The organization was established in 1999. 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 06/2022, Reach Out And Read Inc employed 75 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Reach Out And Read 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 06/2022, Reach Out And Read Inc generated $20.6m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 8.1% each year. All expenses for the organization totaled $15.1m during the year ending 06/2022. While expenses have increased by 5.0% 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.
Since 2015, Reach Out And Read Inc has awarded 5,593 individual grants totaling $32,873,179. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
REACH OUT AND READ GIVES YOUNG CHILDREN A FOUNDATION FOR SUCCESS BY INCORPORATING BOOKS INTO PEDIATRIC CARE AND ENCOURAGING FAMILIES TO READ ALOUD TOGETHER.
Describe the Organization's Program Activity:
Part 3 - Line 4a
REACH OUT AND READ IS THE ONLY NATIONAL EARLY LITERACY ORGANIZATION WORKING DIRECTLY WITH PEDIATRIC CARE PROVIDERS TO INCORPORATE THE PROMOTION OF READING ALOUD TO CHILDREN EVERY DAY. REACH OUT AND READ'S MISSION IS TO GIVE YOUNG CHILDREN A FOUNDATION FOR SUCCESS BY INCORPORATING BOOKS INTO PEDIATRIC CARE AND ENCOURAGING FAMILIES TO READ ALOUD TOGETHER. READING ALOUD TO YOUNG CHILDREN IS ONE CORE STRATEGY FOR PROMOTING HEALTHY RELATIONSHIPS AND POSITIVE INTERACTIONS EARLY IN LIFE. THE PROGRAM BEGINS IN INFANCY AND CONTINUES THROUGH AGE FIVE, WITH A SPECIAL EMPHASIS ON CHILDREN GROWING UP IN UNDER-RESOURCED COMMUNITIES. PEDIATRIC TEAMS WHO ARE INVOLVED IN THE ORGANIZATION GIVE BRAND-NEW, AGE AND CULTURALLY- RESPONSIVE BOOKS AND LITERACY ADVICE TO CHILDREN AND PARENTS AT EACH WELL-CHILD VISIT THROUGH AGE OF 5. THE EFFECTIVENESS OF REACH OUT AND READ'S MODEL IS RECOGNIZED BY THE AMERICAN ACADEMY OF PEDIATRICS IN A POLICY STATEMENT THAT RECOMMENDS EARLY LITERACY PROMOTION AS AN ESSENTIAL COMPONENT OF PEDIATRIC CARE. THE PROGRAM IS BOTH COST-EFFECTIVE, AND EVIDENCE-BASED: RESEARCH SHOWS THAT OUR PROGRAM RESULTS IN MORE FREQUENT READING AT HOME, ACCELERATED VOCABULARY AND CRITICAL BRAIN DEVELOPMENT. IN FY22, REACH OUT AND READ'S 33,000 PEDIATRIC CLINICIANS SERVED 4.2 MILLION CHILDREN AND SHARED 6.6 MILLION BOOKS AT 6,000 PROGRAM SITES AROUND THE COUNTRY. TELEHEALTH VISITS ARE STILL CRITICAL DUE TO THE LINGERING IMPACTS OF COVID-19, WHICH DEMANDED THAT WE FIND NEW WAYS TO MEET OUR MISSION AND DELIVER OUR PROGRAM. OUR INTERVENTION REMAINS IN EFFECT FOR ALL IN-PERSON WELL-CHILD VISITS, BUT WE CREATED NEW RESOURCES FOR CLINICIANS, WHO COULD THEN ADAPT OUR MODEL TO BE EFFECTIVELY DELIVERED FOR THOSE CHECK-UPS THAT OCCURRED VIA TELEHEALTH. THIS ADAPTATION, IN ADDITION TO PROMOTING DIGITAL READING RESOURCES, ENABLED US TO SUPPORT FAMILIES AND CHILDREN IN THIS UNPRECEDENTED ENVIRONMENT.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Brian Gallagher Ceo/president/clerk (until 2/22) | OfficerTrustee | 40 | $146,526 |
Marty Martinez Ceo/president/clerk (as Of 2/22) | OfficerTrustee | 40 | $0 |
Curtis Gray Chair | OfficerTrustee | 3 | $0 |
Dipesh Navsaria Vice Chair | OfficerTrustee | 3 | $0 |
Evan Keyser Treasurer | OfficerTrustee | 3 | $0 |
Claudia Aristy Director | Trustee | 3 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
E-cratchit Contract Cfo: Financial, Acct And Audit | 6/29/22 | $127,962 |
Positively Partners Social Impact Strategy | 6/29/22 | $120,410 |
Christine Hughes Grant Writing | 6/29/22 | $116,541 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $6,332,949 |
| All other contributions, gifts, grants, and similar amounts not included above | $14,131,780 |
| Noncash contributions included in lines 1a–1f | $1,949,396 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $20,464,729 |
| Total Program Service Revenue | $0 |
| Investment income | $6,432 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| 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 | $20,574,127 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $5,594,882 |
| 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. | $274,070 |
| Compensation of current officers, directors, key employees. | $274,070 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $5,127,136 |
| Pension plan accruals and contributions | $145,259 |
| Other employee benefits | $592,007 |
| Payroll taxes | $409,804 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $152,021 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $1,182,163 |
| Advertising and promotion | $66,419 |
| Office expenses | $569,395 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $76,462 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $313,307 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $82,552 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $15,131,804 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $7,015,561 |
| Savings and temporary cash investments | $865,495 |
| Pledges and grants receivable | $3,972,970 |
| Accounts receivable, net | $1,185,749 |
| 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 | $42,562 |
| Net Land, buildings, and equipment | $365,751 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $1,403,792 |
| Investments—program-related | $0 |
| Intangible assets | $38,817 |
| Other assets | $111,477 |
| Total assets | $15,002,174 |
| Accounts payable and accrued expenses | $1,569,348 |
| Grants payable | $841 |
| 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 | $1,570,189 |
| Net assets without donor restrictions | $8,733,895 |
| Net assets with donor restrictions | $4,698,090 |
| 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 | $15,002,174 |
Grants Awarded
Over the last fiscal year, Reach Out And Read Inc has awarded $3,041,180 in support to 288 organizations.
| Grant Recipient | Amount |
|---|---|
UNIVERSITY OF OKLAHOMA PEDIATRIC CLINIC PURPOSE: ENCOURAGE READING | $139,779 |
DUKE CHILDREN'S PRIMARY CARE PURPOSE: ENCOURAGE READING | $53,189 |
NEW HANOVER REGIONAL MEDICAL CENTER NUNNELEE PEDIATRIC CLINICS PURPOSE: ENCOURAGE READING | $50,977 |
KANSAS UNIVERSITY ENDOWMENT ASSOCIATION PURPOSE: ENCOURAGE READING | $50,000 |
MIAMI-DADE FAMILY LEARNING PARTNERSHIP PURPOSE: ENCOURAGE READING | $42,979 |
JACKSONVILLE CHILDRENS CLINIC PURPOSE: ENCOURAGE READING | $42,419 |