Read To Succeed Inc
- Assets
- $69.9k
- Revenue
- $219.6k
- Investments
- $0.0
- Employees
- 10
- Location
- Murfreesboro, TN
- Founding
- 12/2005
- Data as of
- 06/2021
- 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 06/2021, Read To Succeed Inc employed 10 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 06/2021, Read To Succeed Inc generated $219.6k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 4.3% each year. All expenses for the organization totaled $192.9k during the year ending 06/2021. While expenses have increased by 1.1% per year over the past 7 years. They've been increasing with an increasing level of total revenue. 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
2021
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, 2021, WE TRAINED OVER 36 LEARNERS IN OUR ADULT LITERACY ONE-ON-ONE PROGRAM.
ENGLISH AS A SECOND LANGUAGE PROGRAM SERVED OVER 429 STUDENTS DURING THE YEAR ENDING JUNE 30, 2021. 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, 2021 TEACHING OVER 26 DIFFERENT LANGUAGES. DAY AND EVENING CLASSES WERE PROVIDED.
YOUTH & FAMILY LITERACY PROGRAMMING IS HELD MAINLY IN MURFREESBORO CITY AND RUTHERFORD COUNTY TITLE 1 SCHOOLS AND THIS PROGRAM IS A PARTNERSHIP WITH MIDDLE TENNESSEE STATE UNIVERSITY'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 ADLIT 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 |
|---|---|---|---|
Jolene Radnoti Executive Director | Officer | 40 | $44,045 |
Brian D Coleman President | OfficerTrustee | 1 | $0 |
Don Clayton Treasurer | OfficerTrustee | 1 | $0 |
James Calder Vice-President | OfficerTrustee | 1 | $0 |
Lyndsay Cooper Secretary | Trustee | 1 | $0 |
Rima Abdallah Board Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $217,706 |
| Investment income | $37 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $1,821 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $219,564 |
| Statement of Expenses | |
|---|---|
| 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. | $44,045 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $85,516 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $120 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $1,161 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $463 |
| Office expenses | $5,761 |
| Information technology | $3,004 |
| Royalties | $0 |
| Occupancy | $13,846 |
| 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 | $1,000 |
| Insurance | $475 |
| All other expenses | $0 |
| Total functional expenses | $192,932 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $63,414 |
| 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 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $69,914 |
| Accounts payable and accrued expenses | $2,480 |
| 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 | $2,480 |
| Net assets without donor restrictions | $0 |
| 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 |
| Total liabilities and net assets/fund balances | $67,434 |
Grants Recieved
Over the last fiscal year, we have identified 8 grants that Read To Succeed Inc has recieved totaling $95,401.
| Awarding Organization | Amount |
|---|---|
Jennings & Rebecca Jones Foundation Inc Murfreesboro, TN PURPOSE: GENERAL PROGRAMS AND FAMILY LITERACY CENTER | $36,500 |
United Way Of Rutherford County Murfreesboro, TN PURPOSE: ADULT LITERACY | $25,000 |
Dollar General Literacy Foundation Goodlettsville, TN PURPOSE: ADULT LITERACY | $10,000 |
Dollar General Literacy Foundation Goodlettsville, TN PURPOSE: FAMILY LITERACY | $10,000 |
Richard Siegel Foundation Franklin, TN PURPOSE: RICHARD SIEGEL FOUNDATION GRANT | $6,750 |
Christy-Houston Foundation Inc Murfreesboro, TN PURPOSE: PROGRAM SERVICES | $5,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Dollar General Literacy Foundation Goodlettsville, TN | $59,000,845 | $19,656,631 |
Governors Early Literacy Foundation Nashville, TN | $11,541,764 | $13,046,158 |
National Center For Families Learning Inc Louisville, KY | $16,159,024 | $7,570,588 |
Turnk The Page Kc Inc Kansas City, MO | $555,932 | $3,146,244 |
Book Harvest Durham, NC | $2,671,436 | $2,224,285 |
Preston Taylor Ministries Nashville, TN | $1,787,100 | $1,982,481 |
The Washington Commanders Charitable Foundation Inc Ashburn, VA | $1,361,978 | $1,048,751 |
Literacy Action Inc Atlanta, GA | $1,276,569 | $1,539,429 |
Ready Readers St Louis, MO | $1,581,585 | $1,585,720 |
The Global Village Project Inc Decatur, GA | $2,051,230 | $1,459,701 |
Carnegie Literacy Center Inc Lexington, KY | $1,003,564 | $1,222,449 |
Durham Literacy Center Inc Durham, NC | $1,363,688 | $948,350 |