Reach Out And Read Of Greater New York Inc
- Assets
- $1.0m
- Revenue
- $1.4m
- Investments
- $0.0
- Employees
- 10
- Location
- New York, NY
- Founding
- 02/2000
- Data as of
- 06/2022
- EIN
- 13-4080045
Organization Overview
Reach Out And Read Of Greater New York Inc is located in New York, NY. 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 06/2022, Reach Out And Read Of Greater New York Inc employed 10 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Reach Out And Read Of Greater New York 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 Of Greater New York Inc generated $1.4m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (3.6%) each year. All expenses for the organization totaled $1.2m during the year ending 06/2022. As we would expect to see with falling revenues, expenses have declined by (6.4%) per year over the past 8 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2018, Reach Out And Read Of Greater New York Inc has awarded 50 individual grants totaling $768,241. 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
TO PROVIDE SUPPORT, GUIDANCE, TRAINING, AND FINANCIAL AND TECHNICAL RESOURCES TO MEMBER PROGRAMS PARTICIPATING IN NATIONAL PEDIATRIC EARLY LITERACY PROGRAM.
Describe the Organization's Program Activity:
Part 3 - Line 4a
REACH OUT AND READ OF GREATER NEW YORK PREPARES NEW YORK'S YOUNGEST CHILDREN TO SUCCEED IN SCHOOL BY PARTNERING WITH DOCTORS TO PRESCRIBE BOOKS AND ENCOURAGE FAMILIES TO READ TOGETHER. MEDICAL PROFESSIONALS INCORPORATE REACH OUT AND READ'S EVIDENCE-BASED MODEL INTO REGULAR PEDIATRIC CHECKUPS, BY ADVISING PARENTS ABOUT THE IMPORTANCE OF READING ALOUD AND GIVING FREE, DEVELOPMENTALLY APPROPRIATE BOOKS TO CHILDREN. THE PROGRAM BEGINS AT THE 6 MONTH CHECK UP AND CONTINUES THROUGH AGE 5, WITH A SPECIAL EMPHASIS ON CHILDREN GROWING UP IN LOW-INCOME COMMUNITIES. PRIMARILY SERVING NEW YORK CITY, WE ALSO HAVE PROGRAMS THROUGHOUT LONG ISLAND, WESTCHESTER, ROCKLAND, DUTCHESS, SULLIVAN, ORANGE, PUTNAM, COLUMBIA, AND ULSTER COUNTIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jack E Pace III Chairperson | OfficerTrustee | 5 | $0 |
Leora Mogilner MD Vice Chair | OfficerTrustee | 2 | $0 |
Goldie Alfasi-Siffert PHD Secretary | OfficerTrustee | 2 | $0 |
Jason Betesh Member | Trustee | 2 | $0 |
Rita Brause Member | Trustee | 2 | $0 |
Susan Elbe Member | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,408,867 |
| Investment income | $825 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | -$1,881 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,407,811 |
| Statement of Expenses | |
|---|---|
| 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. | $187,935 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $234,685 |
| Pension plan accruals and contributions | $4,373 |
| Other employee benefits | $44,282 |
| Payroll taxes | $29,725 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $24,779 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $35,346 |
| Advertising and promotion | $0 |
| Office expenses | $40,921 |
| Information technology | $5,138 |
| Royalties | $0 |
| Occupancy | $2,541 |
| Travel | $2,157 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $13,581 |
| Interest | $2,000 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $2,433 |
| Insurance | $920 |
| All other expenses | $0 |
| Total functional expenses | $1,152,378 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $751,937 |
| Savings and temporary cash investments | $1,443 |
| Pledges and grants receivable | $190,081 |
| 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 | $61,137 |
| Investments—publicly traded securities | $30,210 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,043,771 |
| Accounts payable and accrued expenses | $82,612 |
| 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 | $228,333 |
| Other liabilities | $0 |
| Total liabilities | $310,945 |
| Net assets without donor restrictions | $480,957 |
| Net assets with donor restrictions | $251,869 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Total liabilities and net assets/fund balances | $732,826 |
Grants Awarded
Over the last fiscal year, Reach Out And Read Of Greater New York Inc has awarded $42,608 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
NEW YORK CITY HEALTH AND HOSPITALS CORPORATION PURPOSE: ENCOURAGE READING | $27,968 |
QUEENS HOSPITAL PEDIATRICS PURPOSE: ENCOURAGE READING | $5,040 |
NYCHHC HEALTH HOSPITALSMETROPOLITAN PURPOSE: ENCOURAGE READING | $9,600 |