Read Ahead Inc
- Assets
- $1.3m
- Revenue
- $2.0m
- Investments
- $0.0
- Employees
- 34
- Location
- New York, NY
- Founding
- 12/1991
- Data as of
- 09/2021
- EIN
- 13-3636559
Organization Overview
Read Ahead Inc is located in New York, NY. The organization was established in 1991. According to its NTEE Classification (T99) the organization is classified as: Philanthropy, Voluntarism & Grantmaking Foundations N.E.C., under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. As of 09/2021, Read Ahead Inc employed 34 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Read Ahead 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 09/2021, Read Ahead Inc generated $2.0m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 10.7% each year . All expenses for the organization totaled $1.7m during the year ending 09/2021. While expenses have increased by 9.5% 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
READ AHEAD'S READING-BASED MENTORING DEVELOPS IN STUDENTS THE SOCIAL-EMOTIONAL SKILLS ESSENTIAL FOR ACADEMIC AND LIFE-LONG SUCCESS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
READ AHEAD TRANSITIONED TO A FULLY VIRTUAL PROGRAM FOR THE 2020-21 SCHOOL YEAR, AND WE ARE PROUD TO HAVE DELIVERED A HIGH-QUALITY, READING-BASED MENTORING PROGRAM WEEKLY FROM OCTOBER 2020 - JUNE 2021. OVER THE COURSE OF THE YEAR, OUR MENTORS AND MENTEES PARTICIPATED IN OVER 13,000 READ AHEAD SESSIONS, COMPLETING OVER 2,000 LESSONS IN OUR ONLINE LITERACY PLATFORM (BOOKNOOK) AND READING OVER 8,000 BOOKS TOGETHER. IN OUR FIRST YEAR OF VIRTUAL PROGRAMMING, 100% OF PARENTS/CAREGIVERS AND TEACHERS WHO COMPLETED OUR SPRING SURVEY STATED THAT CHILDREN BENEFITED FROM READ AHEAD. IN ADDITION TO OUR WEEKLY PROGRAM, READ AHEAD DISTRIBUTED OVER 3,500 NEW BOOKS TO STUDENTS, CREATED AN ON-DEMAND READ ALOUD LIBRARY WITH OVER 125 STORIES, AND RECOGNIZED OVER 400 EDUCATORS WITH CUSTOMIZED THANK YOU NOTES AND SCHOOL APPRECIATION EVENTS.READ AHEAD HOSTED SEVERAL SUCCESSFUL VIRTUAL EVENTS THROUGHOUT THE YEAR TO BRING TOGETHER MEMBERS OF THE READ AHEAD COMMUNITY, RAISE CRITICAL FUNDS, AND HIGHLIGHT OUR SCHOOL PARTNERS. EVENTS INCLUDED AN EDUCATORS PANEL, AND OUR 2ND VIRTUAL GALA.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kristen Baldwin Executive Director | Officer | 40 | $130,000 |
Ariel Grace Managing Director | 40 | $101,192 | |
Julie Allen Chair | OfficerTrustee | 2 | $0 |
Christopher Paci Secretary | OfficerTrustee | 2 | $0 |
Sean Fitzgerald Treasurer | OfficerTrustee | 2 | $0 |
David Steck Vice Chair | OfficerTrustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $530,317 |
| Related organizations | $0 |
| Government grants | $199,437 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,035,337 |
| Noncash contributions included in lines 1a–1f | $23,007 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,765,091 |
| Total Program Service Revenue | $0 |
| Investment income | $200 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$42 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,955,834 |
| 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. | $133,997 |
| Compensation of current officers, directors, key employees. | $6,700 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $913,704 |
| Pension plan accruals and contributions | $12,309 |
| Other employee benefits | $64,633 |
| Payroll taxes | $92,949 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $52,198 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $21,518 |
| Advertising and promotion | $0 |
| Office expenses | $21,190 |
| Information technology | $12,425 |
| Royalties | $0 |
| Occupancy | $132,571 |
| Travel | $4,048 |
| 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 | $14,833 |
| Insurance | $25,754 |
| All other expenses | $21,394 |
| Total functional expenses | $1,741,468 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $822,424 |
| Pledges and grants receivable | $49,076 |
| 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 | $59,085 |
| Net Land, buildings, and equipment | $43,842 |
| Investments—publicly traded securities | $9,855 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $281,566 |
| Total assets | $1,265,848 |
| Accounts payable and accrued expenses | $103,120 |
| Grants payable | $0 |
| Deferred revenue | $173,252 |
| 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 | $276,372 |
| Net assets without donor restrictions | $989,476 |
| 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 | $1,265,848 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Read Ahead Inc has recieved totaling $1,000.
| Awarding Organization | Amount |
|---|---|
Franklin Family Charitable Foundation Los Angeles, CA PURPOSE: EDUCATION | $1,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Fund For Charitable Giving Pittsburgh, PA | $174,176,180 | $114,342,351 |
Hope For Youth Inc Amityville, NY | $10,865,800 | $14,335,992 |
Lauren And Lee Fixel Family Foundation Inc New York, NY | $40,185,371 | $21,974,777 |
Joy In Childhood Foundation Inc Canton, MA | $7,582,989 | $8,931,292 |
Joint Council For Economic Opportunity Of Clinton & Franklin Plattsburgh, NY | $5,357,972 | $10,698,049 |
Health Management Group Ltd Getzville, NY | $13,266,135 | $8,802,636 |
Roy Lichtenstein Foundation New York, NY | $85,182,586 | $2,378,185 |
Mccance Foundation Tr North Scituate, MA | $91,930,926 | $3,999,038 |
Childrens Dyslexia Centers Inc Lexington, MA | $70,604,540 | $15,265,584 |
North Central Area Agency On Aging Inc Hartford, CT | $1,856,134 | $6,505,484 |
Hampton Classic Horse Show Inc Bridgehampton, NY | $1,702,497 | $4,948,481 |
Peggy Mcgrath Rockefeller Foundation New York, NY | $16,278,993 | $1,905,197 |