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.
Form
990
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.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Carolyn Ellis President | OfficerTrustee | 2 | $0 |
Evelyn J Halpert Vice Preside | OfficerTrustee | 2 | $0 |
Rachel S Lerner Secretary | OfficerTrustee | 2 | $0 |
Andrew Whitehouse Treasurer | OfficerTrustee | 2 | $0 |
Julia Boland Director | Trustee | 2 | $0 |
Andrew Auchincloss Director | Trustee | 2 | $0 |
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 |
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. | $0 |
Compensation of current officers, directors, key employees. | $0 |
Compensation to disqualified persons | $0 |
Other salaries and wages | $408,034 |
Pension plan accruals and contributions | $0 |
Other employee benefits | $38,970 |
Payroll taxes | $47,183 |
Fees for services: Management | $4,630 |
Fees for services: Legal | $0 |
Fees for services: Accounting | $3,750 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $0 |
Fees for services: Other | $9,830 |
Advertising and promotion | $0 |
Office expenses | $11,703 |
Information technology | $0 |
Royalties | $0 |
Occupancy | $191,843 |
Travel | $501 |
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 | $0 |
Insurance | $22,867 |
All other expenses | $41,200 |
Total functional expenses | $780,511 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $445,599 |
Savings and temporary cash investments | $0 |
Pledges and grants receivable | $0 |
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 | $0 |
Net Land, buildings, and equipment | $0 |
Investments—publicly traded securities | $0 |
Investments—other securities | $0 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $17,862 |
Total assets | $463,461 |
Accounts payable and accrued expenses | $10,800 |
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 | $0 |
Total liabilities | $10,800 |
Net assets without donor restrictions | $342,661 |
Net assets with donor restrictions | $110,000 |
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 | $463,461 |
Over the last fiscal year, we have identified 13 grants that Reading Team Inc has recieved totaling $312,345.
Awarding Organization | Amount |
---|---|
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 |
Organization Name | Assets | Revenue |
---|---|---|
Covenant House New York, NY | $156,506,513 | $87,221,273 |
Youth Advocate Programs Inc Harrisburg, PA | $43,486,321 | $83,502,845 |
Pressley Ridge Pittsburgh, PA | $38,238,031 | $71,658,870 |
Astor Services For Children & Families Rhinebeck, NY | $27,182,642 | $67,060,321 |
The Home For Little Wanderers Inc Boston, MA | $134,209,377 | $50,883,486 |
The Door - A Center Of Alternatives Inc New York, NY | $65,166,795 | $30,494,046 |
Parsons Child & Family Center Albany, NY | $44,937,796 | $54,919,831 |
Cen Clear Child Services Inc Bigler, PA | $37,896,823 | $46,371,911 |
Adelphoi Village Inc Latrobe, PA | $22,442,616 | $43,995,520 |
A Second Chance Inc Pittsburgh, PA | $8,840,755 | $40,388,974 |
Silver Springs Martin Luther School Plymouth Meeting, PA | $35,019,600 | $42,003,118 |
Key Program Incorporated Framingham, MA | $22,606,194 | $38,919,739 |