Read To Them Inc
- Assets
- $120.5k
- Revenue
- $2.9m
- Investments
- $0.0
- Employees
- 18
- Location
- Richmond, VA
- Founding
- 08/2004
- Data as of
- 12/2019
- EIN
- 20-0953916
Organization Overview
Read To Them Inc is located in Richmond, VA. The organization was established in 2004. According to its NTEE Classification (B90) the organization is classified as: Educational Services, under the broad grouping of Education and related organizations. As of 12/2019, Read To Them Inc employed 18 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Read To Them 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 12/2019, Read To Them Inc generated $2.9m in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 17.5% each year . All expenses for the organization totaled $3.0m during the year ending 12/2019. While expenses have increased by 17.8% per year over the past 5 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
2019
Describe the Organization's Mission:
Part 3 - Line 1
TO CREATE A CULTURE OF LITERACY IN EVERY HOME.
Describe the Organization's Program Activity:
Part 3 - Line 4a
IN 2019, READ TO THEM, INC. HAS PROVIDED BOOKS AND FACILITATED COMMUNITY READING PROGRAMS FOR MORE THAN 457,000 STUDENTS IN OVER 1,300 SCHOOLS.READ TO THEM SUPPORTS SCHOOLSIN 49 STATES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Lyman Coffey Jr Employee | 20 | $101,864 | |
Daniel Daglish Treasurer | Officer | 5 | $0 |
Ward Marstiller President | Officer | 1 | $0 |
Ralph Reynolds Vice President | Officer | 1 | $0 |
Laura Bowser Director | Officer | 1 | $0 |
M R Litman Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $189,245 |
| Membership dues | $1,500 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $190,745 |
| Total Program Service Revenue | $2,705,639 |
| Investment income | $5 |
| 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 | $2,896,389 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $110 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $627,107 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $48,102 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $5,835 |
| Fees for services: Accounting | $8,331 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $67,987 |
| Advertising and promotion | $2,800 |
| Office expenses | $72,183 |
| Information technology | $12,468 |
| Royalties | $0 |
| Occupancy | $81,773 |
| Travel | $1,131 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $3,783 |
| Interest | $482 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $4,957 |
| Insurance | $2,647 |
| All other expenses | $181,845 |
| Total functional expenses | $2,951,879 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $100,596 |
| Savings and temporary cash investments | $5,027 |
| 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 | $14,925 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $120,548 |
| Accounts payable and accrued expenses | $27,041 |
| 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 | $27,041 |
| 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 |
| Retained earnings, endowment, accumulated income, or other funds | $93,507 |
| Total liabilities and net assets/fund balances | $120,548 |
Grants Recieved
Over the last fiscal year, we have identified 8 grants that Read To Them Inc has recieved totaling $204,016.
| Awarding Organization | Amount |
|---|---|
Mother Cabrini Health Foundation New York, NY PURPOSE: READING REGRESSION RECOVERY-THE THREE RS FROM THE PANDEMIC | $89,520 |
Mother Cabrini Health Foundation New York, NY PURPOSE: ADDRESSING LITERACY LOSS OF SYRACUSE STUDENTS CAUSED BY THE PANDEMIC | $80,000 |
The Community Foundation Inc Richmond, VA PURPOSE: GENERAL PURPOSES | $22,500 |
Vba Education Foundation Glen Allen, VA PURPOSE: VA READS ONE BOOK-ONE READING EVENT | $10,000 |
Plageman Family Foundation Richmond, VA PURPOSE: GENERAL PURPOSE | $1,000 |
Williams Mullen Foundation Richmond, VA PURPOSE: DONATION | $500 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Duke Corporate Education Durham, NC | $27,489,390 | $18,675,614 |
Achieving The Dream Inc Silver Spring, MD | $48,979,373 | $23,156,070 |
Camc Health Education And Research Institute Inc Charleston, WV | $10,132,150 | $15,955,209 |
Cape Fear Tutoring Inc Wilmington, NC | $2,173,027 | $16,040,654 |
Us Ignite Inc Washington, DC | $5,718,790 | $15,311,234 |
Washington Yu Ying Public Charter School Washington, DC | $27,086,728 | $12,170,772 |
National Association For College Admission Counseling Inc Arlington, VA | $22,607,858 | $9,863,408 |
National Alliance For Public Charter Schools Washington, DC | $20,433,842 | $17,753,309 |
American Federation For Children Growth Fund Inc Columbia, MD | $9,265,288 | $14,325,717 |
Memphis Education Fund Inc Memphis, TN | $2,536,598 | $5,955,711 |
A Wider Circle Inc Silvers Spring, MD | $9,165,754 | $9,301,796 |
Anne Arundel Community College Foundation Inc Arnold, MD | $29,078,784 | $4,871,771 |