Family Reading Partnership
- Assets
- $175.6k
- Revenue
- $200.1k
- Investments
- $0.0
- Employees
- 3
- Location
- Ithaca, NY
- Founding
- 02/2001
- Data as of
- 03/2023
- EIN
- 16-1594725
Organization Overview
Family Reading Partnership is located in Ithaca, NY. The organization was established in 2001. 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 03/2023, Family Reading Partnership employed 3 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Family Reading Partnership 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 03/2023, Family Reading Partnership generated $200.1k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (8.7%) each year. All expenses for the organization totaled $292.4k during the year ending 03/2023. As we would expect to see with falling revenues, expenses have declined by (1.9%) per year over the past 6 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
FAMILY READING PARTNERSHIP CONNECTS FAMILIES WITH YOUNG CHILDREN TO THE JOY OF BOOKS AND READ-ALOUD EXPERIENCES TO EXPAND THEIR HORIZONS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
COLLABORATION WITH COMMUNITY ORGANIZATIONS USING BOOKS AS GIFTS TO PROMOTE THE ORGANIZATIONS MESSAGE. OPERATING A PUBLIC PLAY SPACE TO FURTHER THE ORGANIZATION'S MISSION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Heather Patel President | OfficerTrustee | 2 | $0 |
Anna Roberts Vice President | OfficerTrustee | 1 | $0 |
Kristie Devine Treasurer | OfficerTrustee | 2 | $0 |
Tricia Mullin Secretary | OfficerTrustee | 1 | $0 |
Leah Laben Board Member | Trustee | 1 | $0 |
William Highland Board Member | Trustee | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $8,310 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $185,042 |
| Noncash contributions included in lines 1a–1f | $33,154 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $193,352 |
| Total Program Service Revenue | $6,748 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $200,100 |
| 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. | $70,912 |
| Compensation of current officers, directors, key employees. | $51,766 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $66,426 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $13,618 |
| Payroll taxes | $10,290 |
| Fees for services: Management | $1,025 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $12,246 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $62,158 |
| Information technology | $5,013 |
| Royalties | $0 |
| Occupancy | $38,754 |
| Travel | $232 |
| 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 | $4,796 |
| All other expenses | $0 |
| Total functional expenses | $292,379 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $169,144 |
| 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 | $6,443 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $175,587 |
| Accounts payable and accrued expenses | $12,363 |
| 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 | $12,363 |
| Net assets without donor restrictions | $163,224 |
| 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 | $175,587 |