Read Alliance 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 08/2022, Read Alliance Inc employed 269 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Read Alliance 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 08/2022, Read Alliance Inc generated $3.7m 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 $2.7m during the year ending 08/2022. While expenses have increased by 3.7% 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
WORK TO ACCELERATE THE EDUCATIONAL TRAJECTORY OF EARLY ELEMENTARY STUDENTS THROUGH THE POWER OF TEENS WHO PROVIDE ONE-TO-ONE LITERACY TUTORING IN UNDER-RESOURCED COMMUNITIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TEEN LEADERSHIP PROGRAM- TEEN LEADERS ARE ENGAGED IN MEANINGFUL AFTER SCHOOL EMPLOYMENT FOR 90 MINUTES A DAY, FOR A MINIMUM OF THREE DAYS A WEEK, AT A NEARBY ELEMENTARY SCHOOL, EARNING AN AVERAGE OF BETWEEN 600-1,000 OVER 45 SESSIONS. TEEN LEADERS ARE NOT ONLY TRAINED TO DELIVER THE RESEARCH-BASED READING CURRICULUM ONE-ON-ONE TO YOUNG CHILDREN, BUT THEY ARE ALSO TRAINED IN BEHAVIOR MANAGEMENT AND DATA COLLECTION THAT IS CRUCIAL TO PROGRAM IMPLEMENTATION, REFLECTION AND ANALYSIS. TEEN LEADERS HAVE THE OPPORTUNITY TO ADVANCE TO SENIOR TEEN LEADER, A POSITION WITH ADDITIONAL RESPONSIBILITY PROVIDING SUPPORT AND GUIDANCE FOR THE TEEN LEADERS, PEER TO PEER DEVELOPMENT, AND SUPERVISION. WHEN READ DEVELOPED ITS VIRTUAL PROGRAM, IT ALSO ADDED ANOTHER MORE SENIOR ROLE OF READ TECHNICIAN, FOR WHICH EXPERIENCED TEEN LEADERS APPLIED AND IF SELECTED WERE RESPONSIBLE FOR COORDINATING THE ZOOM SESSIONS. IN AN EFFORT TO SUPPORT EXPANSION, READ ADDED THE ROLE OF SUMMER ENRICHMENT PROGRAM ASSISTANT DURING THE SUMMER OF FY22 SPECIFICALLY FOR EXPERIENCED TEEN LEADERS WHO WERE HOME FROM COLLEGE TO PROVIDE OVERSIGHT AND SUPPORT TO PROGRAM SITES IF A PROGRAM MANAGER WAS UNABLE TO BE THERE IN PERSON EVERY DAY.
EARLY LITERACY PROGRAM- READ'S UNIQUE EARLY LITERACY PROGRAM IS 45 SESSIONS, AND PROVIDES 90 MINUTES OF PROGRAMMING PER DAY IN TWO PARTS: 1) A 45-MINUTE SESSION OF ONE-TO-ONE, INDIVIDUALIZED LITERACY INTERVENTION USING A LEVELLED, A PHONICS-BASED CURRICULUM DELIVERED TO THE YOUNGER READ STUDENTS BY PAID READ TEEN LEADERS, AND 2) A 45-MINUTE GROUP WORK SESSION LED BY A READ TEACHER, EITHER HOMEWORK HELP OR COMPLEMENTARY LITERACY ACTIVITIES. DURING THE ONE-TO-ONE TUTORING SESSION, STUDENTS READ OUT LOUD TO THEIR TEEN LEADERS A BOOK THEY HAVE ALREADY MASTERED, AND THEN THE TEEN LEADER PROVIDES EXPLICIT ONE-TO-ONE READING INSTRUCTION AND PRACTICE. AT THE END OF EACH SESSION, STUDENTS ARE GIVEN A BOOK FROM OUR LENDING LIBRARY FOR CONTINUED PRACTICE AT HOME. READ ALLIANCE TARGETS ITS EARLY LITERACY PROGRAM TO KINDERGARTEN, FIRST AND SECOND GRADERS WHO ARE READING AT LEAST HALF A GRADE LEVEL BEHIND. THE INDIVIDUALIZED, PHONICS- BASED INSTRUCTION USES A LEVELED CURRICULUM TO ADVANCE READING SKILL IMPROVEMENT OF AN AVERAGE OF AT LEAST ONE READING LEVEL IN JUST 30 SESSIONS. MORE THAN 85 PERCENT OF PARTICIPANTS WHO COMPLETE THE READ PROGRAM ADVANCE THEIR READING SKILL IMPROVEMENT AN AVERAGE OF AT LEAST ONE READING LEVEL. IN RESPONSE TO THE COVID-19 PANDEMIC WHICH INTERRUPTED IN-PERSON PROGRAMMING, READ MOVED ITS UNIQUE DUAL-IMPACT PROGRAM MODEL ONLINE. READ STAYED TRUE TO THE PROGRAM MODEL OF PAIRING TRAINED TEEN LEADERS ONE-ON-ONE WITH STRUGGLING EARLY READERS, SUPERVISED BY LICENSED TEACHERS AND PROFESSIONAL READ STAFF IN A VIRTUAL SETTING. IN FY22,READ IMPLEMENTED PROGRAMMING VIRTUALLY FOR THE MAJORITY OF THE SCHOOL YEAR, AND THEN IN PERSON FOR THE SUMMER SERVING A TOTAL OF 749 READERS AND 441 UNIQUE TEEN LEADERS WHO WORKED IN 649 POSITIONS.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Danielle Guindo Executive Di | Officer | 40 | $200,731 |
Russell Yvette Chief Prgm O | Officer | 40 | $155,067 |
Mark A Hemenetz Chair | OfficerTrustee | 3.5 | $0 |
Robert Brown Vice Preside | OfficerTrustee | 2 | $0 |
Jason Teeters Treasurer | OfficerTrustee | 2 | $0 |
Michael Lubowitz Secretary | OfficerTrustee | 3 | $0 |
Statement of Revenue | |
---|---|
Federated campaigns | $0 |
Membership dues | $0 |
Fundraising events | $943,027 |
Related organizations | $0 |
Government grants | $233,472 |
All other contributions, gifts, grants, and similar amounts not included above | $2,386,686 |
Noncash contributions included in lines 1a–1f | $0 |
Total Revenue from Contributions, Gifts, Grants & Similar | $3,563,185 |
Total Program Service Revenue | $249,890 |
Investment income | $4,845 |
Tax Exempt Bond Proceeds | $0 |
Royalties | $0 |
Net Rental Income | $0 |
Net Gain/Loss on Asset Sales | $0 |
Net Income from Fundraising Events | -$143,313 |
Net Income from Gaming Activities | $0 |
Net Income from Sales of Inventory | $0 |
Miscellaneous Revenue | $0 |
Total Revenue | $3,674,607 |
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. | $355,798 |
Compensation of current officers, directors, key employees. | $50,183 |
Compensation to disqualified persons | $0 |
Other salaries and wages | $1,277,234 |
Pension plan accruals and contributions | $0 |
Other employee benefits | $104,389 |
Payroll taxes | $135,541 |
Fees for services: Management | $0 |
Fees for services: Legal | $2,115 |
Fees for services: Accounting | $15,350 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $0 |
Fees for services: Other | $340,317 |
Advertising and promotion | $0 |
Office expenses | $78,275 |
Information technology | $48,840 |
Royalties | $0 |
Occupancy | $143,290 |
Travel | $45,115 |
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 | $26,862 |
Insurance | $85,307 |
All other expenses | $0 |
Total functional expenses | $2,743,438 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $23,186 |
Savings and temporary cash investments | $2,410,886 |
Pledges and grants receivable | $681,746 |
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 | $127,055 |
Net Land, buildings, and equipment | $47,837 |
Investments—publicly traded securities | $0 |
Investments—other securities | $0 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $78,115 |
Total assets | $3,368,825 |
Accounts payable and accrued expenses | $120,545 |
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 | $74,545 |
Total liabilities | $195,090 |
Net assets without donor restrictions | $2,417,341 |
Net assets with donor restrictions | $756,394 |
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 | $3,368,825 |
Over the last fiscal year, we have identified 4 grants that Read Alliance Inc has recieved totaling $125,250.
Awarding Organization | Amount |
---|---|
Leah And Alain Lebec Foundation Inc Wilmington, DE PURPOSE: GENERAL & UNRESTRICTED | $50,000 |
White Stone Fund Inc Easton, MD PURPOSE: FUND ORGANIZED CHARITIES PLANNED PURPOSES EDUCATIONAL | $50,000 |
Leah And Alain Lebec Foundation Inc Wilmington, DE PURPOSE: CHARITABLE EVENT | $25,000 |
Grafer Foundation Prt Washingtn, NY PURPOSE: SUPPORT OF THIS LITERACY PROGRAM FOR UNDERPRIVILEGED CHILDREN | $250 |
Organization Name | Assets | Revenue |
---|---|---|
Reach Out And Read Inc Boston, MA | $10,124,014 | $15,173,728 |
Proliteracy Worldwide Syracuse, NY | $17,604,255 | $13,411,984 |
Urban Youth Alliance International Inc Bronx, NY | $4,354,975 | $6,995,942 |
Literacy Inc New York, NY | $4,595,330 | $3,899,705 |
Read Alliance Inc New York, NY | $3,368,825 | $3,674,607 |
Nj Leep Inc Newark, NJ | $3,780,662 | $2,866,137 |
Read To Grow Inc Branford, CT | $1,292,928 | $1,217,263 |
Mujeres Unidas Avanzando Inc Dorchester, MA | $2,346,284 | $1,432,208 |
Reach Out And Read Of Greater New York Inc New York, NY | $1,043,771 | $1,407,811 |
Reading Is Fundamental Pittsburg Pittsburgh, PA | $3,385,621 | $940,540 |
The Literacy Center Allentown, PA | $813,842 | $994,402 |
Childrens Literacy Foundation Waterbury Center, VT | $3,355,968 | $2,120,012 |