Rowland Reading Foundation Inc
- Assets
- $3.9m
- Revenue
- $897.5k
- Investments
- $0.0
- Employees
- 0
- Location
- Middleton, WI
- Founding
- 09/2006
- Data as of
- 09/2023
- EIN
- 20-0514798
Organization Overview
Rowland Reading Foundation Inc is located in Middleton, WI. The organization was established in 2006. According to its NTEE Classification (B90) the organization is classified as: Educational Services, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Rowland Reading Foundation 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 09/2023, Rowland Reading Foundation Inc generated $897.5k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 7.9% each year. All expenses for the organization totaled $389.6k during the year ending 09/2023. While expenses have increased by 4.4% 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
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE FOUNDATION SEEKS TO PROVIDE EFFECTIVE PRIMARY GRADE LEVEL READING INSTRUCTION. THE FOUNDATION'S DIRECT CHARITABLE ACTIVITIES INCLUDE PUBLISHING, PROFESSIONAL DEVELOPMENT, AND RESEARCH
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Pleasant T Rowland President | 2 | $0 | |
Rhona Vogel Treasurer | 0 | $0 | |
Catharine Waller Corporate Secretary | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $0 |
| Net Rental Income | $39,318 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $858,164 |
| Total Revenue | $897,482 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $11,260 |
| Pension plans, employee benefits | $23,309 |
| Interest | $3,472 |
| Taxes | $0 |
| Depreciation | $121,873 |
| Occupancy | $122,125 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $93,967 |
| Total operating and administrative expenses | $389,592 |
| Contributions, gifts, grants paid | $0 |
| Total expenses and disbursements | $389,592 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $365,059 |
| Savings and temporary cash investments | $0 |
| Net Accounts receivable | $148,704 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $3,378,302 |
| Other assets | $0 |
| Total assets | $3,892,065 |
| Accounts payable and accrued expenses | $4,959 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $4,959 |