Prime Time Family Reading
- Assets
- $4.4m
- Revenue
- $12.7m
- Investments
- $0.0
- Employees
- 126
- Location
- New Orleans, LA
- Founding
- 06/2004
- Data as of
- 10/2023
- EIN
- 20-0960673
Organization Overview
Prime Time Family Reading is located in New Orleans, LA. 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 10/2023, Prime Time Family Reading employed 126 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Prime Time Family Reading 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 10/2023, Prime Time Family Reading generated $12.7m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 15.4% each year . All expenses for the organization totaled $14.5m during the year ending 10/2023. While expenses have increased by 21.4% 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
THE MISSION OF PRIME TIME FAMILY READING IS TO CREATE THE PRECONDITION FOR FUTURE LEARNING AMONG ECONOMICALLY AND EDUCATIONALLY VULNERABLE FAMILIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
IN SEPTEMBER 2016, PRIME TIME WAS SELECTED BY THE FEDERAL OFFICE OF HEAD START TO ADMINISTER A HEAD START PROGRAM IN OUACHITA PARISH, LA, SERVING 505 STUDENTS. PRIME TIME HAS TRANSITIONED OUT OF OUACHITA PARISH AS OF MAY 2023. IN SEPTEMBER 2020, PRIME TIME WAS SELECTED TO ADMINISTER THE HEAD START AND EARLY HEAD START PROGRAM FOR LAFAYETTE AND NEW IBERIA PARISH, LA, SERVING 635 STUDENTS WITH A HIGH-QUALITY, COMPREHENSIVE HEAD START PROGRAM.
PRIME TIME DIRECTLY EXECUTES A SET OF UNIQUE, HUMANITIES-FOCUSED, OUTCOMES-BASED PROGRAMS DESIGNED TO ENGAGE UNDERSERVED CHILDREN AND FAMILIES. CREATED IN 1991, PRIME TIME READING ROGRAMS ARE PROVEN TO GENERATE LONG-TERM IMPROVEMENTS IN FAMILY ENGAGEMENT AND STUDENT ACADEMIC ACHIEVEMENT. PRIME TIME PROGRAMS OFFER PARTNER SITES SUCH AS LIBRARIES, SCHOOLS, AND OTHER COMMUNITY SERVICE AGENCIES RESEARCH-BASED INITIATIVES THAT ENGAGE CHILDREN, PARENTS, TEACHERS, EDUCATION ADMINISTRATORS, AND THE COMMUNITY AT-LARGE IN HIGH-QUALITY, FAMILY-FOCUSED LEARNING EXPERIENCES. PRIME TIME DIRECTLY OPERATES ACROSS THE ENTIRE STATE OF LOUISIANA AND IS LICENSED ACROSS THE ENTIRE UNITED STATES.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Melinda Mintz Chair - Board Of Direc | OfficerTrustee | 0.5 | $0 |
Randy Haynie Vice Chair Board Of Direct | OfficerTrustee | 0.5 | $0 |
Stewart Ewing Treasurer - Board Of Direc | OfficerTrustee | 0.5 | $0 |
Sharonda Williams Board Of Directors | Trustee | 0.5 | $0 |
Sharlene Sinegal-De Cuir Board Of Directors | Trustee | 0.5 | $0 |
Anna Rita Scott Board Of Directors | Trustee | 0.5 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Elior Inc Dba Trio Community Meals Ll Meal Delivery | 10/30/23 | $531,315 |
Shine Early Learning Early Childhood Education | 10/30/23 | $267,641 |
Vesta Housing Solutions Llc Monthly Rent For Modular Building | 10/30/23 | $124,206 |
Gary's Ac & Heating Llc Heating And Air Conditioning | 10/30/23 | $114,318 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $14,582,536 |
| All other contributions, gifts, grants, and similar amounts not included above | $7,553 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $14,590,089 |
| Total Program Service Revenue | $0 |
| Investment income | $402 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $10,500 |
| Net Gain/Loss on Asset Sales | -$1,902,570 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $12,713,625 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $8,011,386 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $823,848 |
| Payroll taxes | $611,160 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| 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 | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $146,206 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $39,356 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $267,962 |
| Insurance | $0 |
| All other expenses | $579,128 |
| Total functional expenses | $14,530,187 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $236,276 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $983,312 |
| 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 | $107,999 |
| Net Land, buildings, and equipment | $2,701,828 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $371,259 |
| Total assets | $4,400,674 |
| Accounts payable and accrued expenses | $894,845 |
| Grants payable | $0 |
| Deferred revenue | $179,457 |
| 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 | $371,259 |
| Total liabilities | $1,445,561 |
| Net assets without donor restrictions | $2,955,113 |
| 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 | $4,400,674 |