Sit Stay Read Inc
- Assets
- $344.4k
- Revenue
- $435.3k
- Investments
- $0.0
- Employees
- 10
- Location
- Chicago, IL
- Founding
- 02/2004
- Data as of
- 06/2022
- EIN
- 20-0151074
Organization Overview
Sit Stay Read Inc is located in Chicago, IL. The organization was established in 2004. 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, Sit Stay Read Inc employed 10 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Sit Stay Read 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, Sit Stay Read Inc generated $435.3k in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (1.3%) each year. All expenses for the organization totaled $536.7k during the year ending 06/2022. 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
TO ADVANCE CHILDREN'S LITERACY SKILLS USING AN ENGAGING CURRICULUM, CERTIFIED DOGS, AND DEDICATED VOLUNTEERS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE PROGRAM PROVIDES LITERACY SERVICES TO CHILDREN FROM LOW-INCOME HOUSEHOLDS IN CHICAGO PUBLIC SCHOOLS AT NO COST TO THE PARENTS OR SCHOOLS. THE MISSION IS TO ADVANCE CHILDREN'S LITERACY SKILLS USING AN ENGAGING CURRICULUM, CERTIFIED DOGS, AND DEDICATED VOLUNTEERS. DURING 2021-22, SITSTAYREAD'S 19TH YEAR, WITH THE HELP OF 75 HUMAN AND 25 CANINE VOLUNTEERS, SITSTAY READ SERVED 1,847 STUDENTS IN 116 CLASSROOMS ACROSS 18 CHICAGO PUBLIC SCHOOLS USING THREE DIFFERENT REMOTE LEARNING PROGRAMS DEVELOPED FOR STUDENTS IN KINDERGARTEN THROUGH THIRD GRADE. IN ADDITION TO THE REMOTE LEARNING CURRICULUM, SITSTAYREAD PROVIDED MORE THAN 20,000 BOOKS TO STUDENTS DURING THEIR PANDEMIC LEARNING YEAR. DOGS ENABLE THE ORGANIZATION TO TACKLE THE SERIOUS ISSUE OF CHILDHOOD LITERACY IN A FUN AND ENGAGING WAY. SSR'S DEFINING CHARACTERISTIC IS INCORPORATING THE THERAPEUTIC BENEFIT OF DOGS IN THE CLASSROOM. STUDENTS WHO READ OUT LOUD TO A DOG ARE LESS LIKELY TO FEEL WORRIED ABOUT MAKING MISTAKES, WHICH HELPS THEM BECOME MORE CONFIDENT READERS.
THE PROGRAM PROVIDES LITERACY SERVICES TO CHILDREN FROM LOW-INCOME HOUSEHOLDS IN CHICAGO PUBLIC SCHOOLS AT NO COST TO THE PARENTS OR SCHOOLS. THE MISSION IS TO ADVANCE CHILDREN'S LITERACY SKILLS USING AN ENGAGING CURRICULUM, CERTIFIED DOGS, AND DEDICATED VOLUNTEERS. DURING 2021-22, SITSTAYREAD'S 19TH YEAR, WITH THE HELP OF 75 HUMAN AND 25 CANINE VOLUNTEERS, SITSTAY READ SERVED 1,847 STUDENTS IN 116 CLASSROOMS ACROSS 18 CHICAGO PUBLIC SCHOOLS USING THREE DIFFERENT REMOTE LEARNING PROGRAMS DEVELOPED FOR STUDENTS IN KINDERGARTEN THROUGH THIRD GRADE. IN ADDITION TO THE REMOTE LEARNING CURRICULUM, SITSTAYREAD PROVIDED MORE THAN 20,000 BOOKS TO STUDENTS DURING THEIR PANDEMIC LEARNING YEAR. DOGS ENABLE THE ORGANIZATION TO TACKLE THE SERIOUS ISSUE OF CHILDHOOD LITERACY IN A FUN AND ENGAGING WAY. SSR'S DEFINING CHARACTERISTIC IS INCORPORATING THE THERAPEUTIC BENEFIT OF DOGS IN THE CLASSROOM. STUDENTS WHO READ OUT LOUD TO A DOG ARE LESS LIKELY TO FEEL WORRIED ABOUT MAKING MISTAKES, WHICH HELPS THEM BECOME MORE CONFIDENT READERS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ann Scholhamer President | OfficerTrustee | 1.25 | $0 |
Allison Amstrong Vice President (interim) | OfficerTrustee | 0.52 | $0 |
Mike Schaffer Treasurer | OfficerTrustee | 0.42 | $0 |
Luciano Denisco Secretary | OfficerTrustee | 0.42 | $0 |
Denise Hansen Director (partial Year) | Trustee | 0.19 | $0 |
Sarah Incoing Director (partial Year) | Trustee | 0.12 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $88,218 |
| Related organizations | $0 |
| Government grants | $76,105 |
| All other contributions, gifts, grants, and similar amounts not included above | $270,825 |
| Noncash contributions included in lines 1a–1f | $15,848 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $435,148 |
| Total Program Service Revenue | $0 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $110 |
| 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 | $435,258 |
| 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. | $135,150 |
| Compensation of current officers, directors, key employees. | $40,422 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $264,870 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $7,763 |
| Payroll taxes | $30,989 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $9,959 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $1,485 |
| Office expenses | $34,125 |
| Information technology | $12,908 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $218 |
| 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 | $27 |
| Insurance | $10,417 |
| All other expenses | $0 |
| Total functional expenses | $536,658 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $214,505 |
| Savings and temporary cash investments | $48,422 |
| Pledges and grants receivable | $3,200 |
| 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 | $2,106 |
| Net Land, buildings, and equipment | $57 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $76,105 |
| Total assets | $344,395 |
| Accounts payable and accrued expenses | $27,453 |
| 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 | $27,453 |
| Net assets without donor restrictions | $296,242 |
| Net assets with donor restrictions | $20,700 |
| 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 | $344,395 |