Read To Succeed Inc
- Assets
- $114.0k
- Revenue
- $230.8k
- Investments
- $0.0
- Employees
- 6
- Location
- Murfreesboro, TN
- Founding
- 12/2005
- Data as of
- 06/2024
- EIN
- 20-0175948
Organization Overview
Read To Succeed Inc is located in Murfreesboro, TN. The organization was established in 2005. 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 06/2024, Read To Succeed Inc employed 6 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Read To Succeed 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 06/2024, Read To Succeed Inc generated $230.8k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 0.9% each year. All expenses for the organization totaled $222.7k during the year ending 06/2024. 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
2024
Describe the Organization's Mission:
Part 3 - Line 1
TO IMPROVE LIVES IN RUTHERFORD COUNTY FOR CHILDREN AND ADULTS THROUGH FREE LITERACY PROGRAMS AND EVENTS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ADULT LITERACY ONE-ON-ONE PROGRAM WORKS WITH ANYONE 18 YEARS OR OLDER ON ANY LITERACY GOAL THEY WANT TO WORK ON. MANY OF OUR LEARNERS ARE WORKING TOWARDS A GED/HI-SET, BUT OTHER LEARNERS ARE WORKING ON FINANCIAL LITERACY, WRITING SKILLS, INTERVIEWING AND RESUME WRITING, DRIVER'S LICENSE AND MILITARY TESTING, ETC. DURING THE YEAR ENDING JUNE 30, 2024, WE TRAINED OVER 20 LEARNERS IN OUR ADULT LITERACY ONE-ON-ONE PROGRAM.
ENGLISH AS A SECOND LANGUAGE PROGRAM SERVED OVER 475 STUDENTS DURING THE YEAR ENDING JUNE 30, 2024. THESE STUDENTS WORK TO IMPROVE READING, WRITING AND SPEAKING ENGLISH. THREE DIFFERENT LEVELS OF INSTRUCTION WERE AVAILABLE TO STUDENTS DURING THE YEAR ENDING JUNE 30, 2024, TEACHING OVER 27 DIFFERENT LANGUAGES. DAY AND EVENING CLASSES WERE PROVIDED.
YOUTH & FAMILY LITERACY PROGRAMMING IS HELD IN MURFREESBORO CITY AND RUTHERFORD COUNTY TITLE 1 SCHOOLS AND THIS PROGRAM IS A PARTNERSHIP WITH MIDDLE TENNESSEE STATE UNIVERSITY, LIPSCOMB AND TREVECCA'S EDUCATION DEPARTMENT. THE KNOWLEDGE SHARING WITH STUDENTS DURING THESE PROGRAMS ALLOWS THEM TO GET BACK ON GRADE LEVEL AND PROVIDES THEIR PARENTS WITH STRATEGIES THAT THEY CAN USE AT HOME. THE PARENTS ARE ALSO GIVEN THE OPPORTUNITY TO SIGN UP FOR OUR ADULT LITERACY PROGRAMS DURING THESE EVENTS.FAMILY LITERACY ALSO HAS A PROGRAM FOR PRE-SCHOOL STUDENTS TO PREPARE THEM TO BE KINDERGARTEN READY. OUR IMAGINATION STATIONS ARE HELD IN LOW-INCOME AREAS AND AGAIN THE CHILDREN AND PARENTS LEARN ABOUT THE IMPORTANCE OF READING. AT ALL OF OUR FAMILY LITERACY EVENTS, THE CHILDREN GO HOME WITH THE BOOK THAT WAS STUDIED. FOR MIDDLE AND HIGH SCHOOL STUDENTS WE HAVE STARTED ADULT BOOK CLUBS WHERE STUDENTS READ CONTEMPORARY YOUNG ADULT FICTION WITH THEMES THAT STUDENTS TODAY FIND RELATABLE TO THEIR OWN EXPERIENCES. STUDENTS FACILITATE THE DISCUSSIONS AROUND PLOT, CHARACTER AND LIFE. THIS PROGRAM FOSTERS A SENSE OF COMMUNITY AND A SHARED EXPERIENCE FOR THE STUDENTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Brian D Coleman President | OfficerTrustee | 1 | $0 |
James Calder Vice-President | OfficerTrustee | 1 | $0 |
Jennifer Foutch Treasurer | OfficerTrustee | 1 | $0 |
Lyndsay Cooper Secretary | OfficerTrustee | 1 | $0 |
Phil Barnett Board Member | Trustee | 1 | $0 |
Echell Eady Board Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $65,000 |
| Membership dues | $0 |
| Fundraising events | $49,060 |
| Related organizations | $0 |
| Government grants | $17,000 |
| All other contributions, gifts, grants, and similar amounts not included above | $102,618 |
| Noncash contributions included in lines 1a–1f | $6,900 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $233,678 |
| Total Program Service Revenue | $0 |
| Investment income | $149 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | -$3,025 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $230,802 |
| 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. | $51,967 |
| Compensation of current officers, directors, key employees. | $12,992 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $55,336 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $506 |
| Payroll taxes | $6,608 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $1,180 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $9,888 |
| Advertising and promotion | $2,275 |
| Office expenses | $5,374 |
| Information technology | $6,889 |
| Royalties | $0 |
| Occupancy | $16,800 |
| Travel | $0 |
| 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 | $1,500 |
| Insurance | $350 |
| All other expenses | $1,398 |
| Total functional expenses | $222,685 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $111,989 |
| 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 | $2,000 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $113,989 |
| Accounts payable and accrued expenses | $0 |
| 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 | $0 |
| Net assets without donor restrictions | $113,989 |
| 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 | $113,989 |