Reading Team Inc

Organization Overview

Reading Team Inc is located in New York, NY. The organization was established in 2000. According to its NTEE Classification (P30) the organization is classified as: Children & Youth Services, under the broad grouping of Human Services and related organizations. As of 06/2022, Reading Team Inc employed 18 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Reading Team 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, Reading Team Inc generated $741.4k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (3.6%) each year. All expenses for the organization totaled $780.5k during the year ending 06/2022. As we would expect to see with falling revenues, expenses have declined by (1.4%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2022

Describe the Organization's Mission:

Part 3 - Line 1

THE FOUNDATION CONDUCTS EARLY LITERACY PROGRAMS FOR YOUNG CHILDREN WHO ARE AT HIGH RISK OF READING FAILURE TO BECOME STRONG AND ENTHUSIASTIC READERS, WRITERS, LISTENERS, AND SPEAKERS AND TO DEVELOP THE SKILLS, HABITS, AND BEHAVIORS THAT WILL SUPPORT THEIR SUCCESS IN SCHOOL AND IN LIFE.

Describe the Organization's Program Activity:

Part 3 - Line 4a

THE READING TEAM PRESCHOOL PROGRAM IS AN INTENSIVE AND MULTIFACETED EARLY LITERACY INTERVENTION THAT SERVES CHILDREN FROM NEIGHBORHOOD DAY CARE CENTERS AND HEAD START PROGRAMS. THIS PROGRAM ENABLES THE CHILDREN WE SERVE TO DEVELOP THE SKILLS, KNOWLEDGE, AND ATTITUDES THAT ARE DEVELOPMENTAL PRECURSORS TO READING AND WRITING. IT IS ADMINISTERED BY TRAINED, PAID TEACHING STAFF CALLED LITERACY MENTORS. THE READING TEAM AFTER-SCHOOL PROGRAM SERVES CHILDREN IN KINDERGARTEN THROUGH FIFTH GRADE WHO TYPICALLY ARE REFERRED TO US BY THEIR TEACHERS BECAUSE THEY ARE STRUGGLING TO KEEP UP IN THE CLASSROOM AND SOMETIMES BECAUSE THEY HAVE CLASSROOM BEHAVIOR PROBLEMS AS WELL. THE READING TEAM ENGAGES THE CHILDREN IN A WIDE RANGE OF LITERACY-NURTURING ACTIVITIES THAT ENABLE THEM TO MAKE SIGNIFICANT GAINS IN READING ABILITY THEIR FIRST YEAR IN THE PROGRAM. MORE THAN 80% OF READING TEAM CHILDREN HAVE HISTORICALLY PASSED THE NEW YORK STATE ENGLISH LANGUAGE ARTS EXAM GIVEN STARTING IN 3RD GRADE (ON AVERAGE IN HARLEM, ONLY 30% OF CHILDREN PASS THIS EXAM)THE AFTER-SCHOOL PROGRAM IS ADMINISTERED BY TRAINED,PAID TEACHERS KNOWN AS LITERARY MENTORS. THE READING TEAM PARENT PROGRAMS HELP PARENTS MAKE BETTER ACADEMIC DECISIONS AND LIFE CHOICES FOR THEIR CHILDREN. OUR ELEMENTARY SCHOOL ADVISORY PROGRAM ADVISES AND SUPPORTS PARENTS AS THEY MAKE IMPORTANT DECISIONS ABOUT THEIR CHILDREN'S SCHOOLING AND A SERIES OF PARENT CONVERSATIONS TEACHES PARENTS SOME SIMPLE AND POSITIVE THINGS THEY CAN DO TO SUPPORT THEIR CHILDREN'S DEVELOPING LITERACY.


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Board, Officers & Key Employees

Name (title)Compensation
Carolyn Ellis
President
$0
Evelyn J Halpert
Vice Preside
$0
Rachel S Lerner
Secretary
$0
Andrew Whitehouse
Treasurer
$0
Julia Boland
Director
$0
Andrew Auchincloss
Director
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $0
All other contributions, gifts, grants, and similar amounts not included above$675,344
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$675,344
Total Program Service Revenue$0
Investment income $99
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $0
Net Income from Fundraising Events $65,950
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $741,393

Grants Recieved

Over the last fiscal year, we have identified 13 grants that Reading Team Inc has recieved totaling $312,345.

Awarding OrganizationAmount
The Joseph H Flom Foundation

New York, NY

PURPOSE: TO SUPPORT LITERACY MENTORS WHO WILL WORK WITH TWO-TO THREE-YEAR OLDS TWICE A WEEK FOR 30 MINUTES AND FOUR-YEAR OLDS FOR AN HOUR TWICE A WEEK TO SURMOUNT OBSTACLES TO EARLY LITERACY.

$100,000
Pinkerton Foundation

New York, NY

PURPOSE: AFTER SCHOOL & SUMMER LEARNING

$70,000
Virginia Cretella Mars Foundation

New York, NY

PURPOSE: GENERAL SUPPORT

$40,000
Achelis And Bodman Foundation

New York, NY

PURPOSE: GENERAL OPERATING SUPPORT

$25,000
West Harlem Development Corporation

New York, NY

PURPOSE: TO HELP CHILDREN AT HIGH RISK OF READING FAILURE, BY PROVIDING NURTURING LESSONS AND ACTIVITIES SO THEY CAN SUCCEED IN SCHOOL AND IN LIFE.

$20,000
Nicholas B Ottaway Foundation Inc

New York, NY

PURPOSE: PROGRAM SUPPORT

$15,000
View Grant Recipient Profile

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