Reading Results
- Assets
- $653.8k
- Revenue
- $619.8k
- Investments
- $0.0
- Employees
- 69
- Location
- Portland, OR
- Founding
- 11/2005
- Data as of
- 06/2021
- EIN
- 20-1760894
Organization Overview
Reading Results is located in Portland, OR. The organization was established in 2005. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. As of 06/2021, Reading Results employed 69 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Reading Results 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, Reading Results generated $619.8k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (9.6%) each year. All expenses for the organization totaled $675.2k during the year ending 06/2021. As we would expect to see with falling revenues, expenses have declined by (1.5%) per year over the past 6 years. 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
READING RESULTS (FORMERLY PORTLAND READING FOUNDATION) DELIVERS A PROVEN READING INTERVENTION PROGRAM FOCUSED ON PRIMARY GRADE, LOW-INCOME CHILDREN WHO ARE FAILING TO LEARN TO READ, ENSURING EVERY CHILD READS BY THE END OF THE THIRD GRADE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
WORKING TOWARD THE VISION THAT ALL CHILDREN FINISH THIRD GRADE READING AT GRADE LEVEL, READING RESULTS PARTNERS WITH SCHOOLS SERVING LOW-INCOME STUDENTS TO PROVIDE A PROVEN READING INTERVENTION PROGRAM. READING RESULTS PARTNERS WITH SCHOOLS TO IDENTIFY EARLY-GRADE STUDENTS WHO ARE FALLING BEHIND IN READING AND PROVIDES STUDENT-CENTERED, INDIVIDUALIZED READING SUPPORT. OUR HIGHLY TRAINED TUTORS (LICENSED TEACHERS AND PARENTS FROM THE SCHOOL COMMUNITY) DELIVER A CULTURALLY-RESPONSIVE PROGRAM DESIGNED TO ACCELERATE LITERACY AND FOSTER AN ACADEMIC MINDSET. TUTORS MEET 1:1 OR 1:2 WITH STRUGGLING READERS FOR 30 MINUTES, THREE TIMES PER WEEK FOR 30 WEEKS OF THE SCHOOL YEAR. DURING 2020, READING RESULTS SERVED AT SCHOOLS THROUGH MARCH 2020. DURING SUMMER 2020 AND FALL 2020, READING RESULTS PROVIDED THE CORE OF OUR SERVICE VIA DISTANCE LEARNING (ONLINE).
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 |
|---|---|---|---|
Jennifer Samuels Executive Di | Officer | 40 | $81,965 |
Priscilla Castellanoz Vice Preside | OfficerTrustee | 1 | $0 |
Brian Lenius Treasurer | OfficerTrustee | 1 | $0 |
Stephanie Lum Treasurer | OfficerTrustee | 1 | $0 |
Alec Torkelson Secretary | OfficerTrustee | 1 | $0 |
John Wendland President | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $99,432 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $515,753 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $615,185 |
| Total Program Service Revenue | $27,800 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | -$23,198 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $619,787 |
| 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. | $81,965 |
| Compensation of current officers, directors, key employees. | $3,640 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $430,895 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $28,514 |
| Payroll taxes | $45,290 |
| 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 | $40,340 |
| Advertising and promotion | $0 |
| Office expenses | $9,052 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $18,441 |
| Travel | $258 |
| 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 | $0 |
| Insurance | $3,545 |
| All other expenses | $613 |
| Total functional expenses | $675,230 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $479,648 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $165,000 |
| Accounts receivable, net | $1,500 |
| 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 | $7,699 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $653,847 |
| Accounts payable and accrued expenses | $24,421 |
| 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 | $104,832 |
| Other liabilities | $0 |
| Total liabilities | $129,253 |
| Net assets without donor restrictions | $186,094 |
| Net assets with donor restrictions | $338,500 |
| 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 | $653,847 |
Grants Recieved
Over the last fiscal year, we have identified 29 grants that Reading Results has recieved totaling $607,700.
| Awarding Organization | Amount |
|---|---|
Oregon Community Foundation Portland, OR PURPOSE: K12 Education | $91,100 |
Meyer Memorial Trust Portland, OR PURPOSE: TO ACCELERATE LITERACY SKILLS AND ADVANCE EQUITABLE OUTCOMES FOR PRIORITY STUDENTS IN MULTNOMAH COUNTY RECOVERING FROM DISRUPTED ACADEMIC LEARNING CAUSED BY COVID-19 | $85,000 |
Meyer Memorial Trust Portland, OR PURPOSE: TO ACCELERATE LITERACY SKILLS AND ADVANCE EQUITABLE OUTCOMES FOR PRIORITY STUDENTS IN MULTNOMAH COUNTY RECOVERING FROM DISRUPTED ACADEMIC LEARNING CAUSED BY COVID-19 | $85,000 |
Organization Name not Listed PURPOSE: EDUCATION | | $50,000 |
Collins Foundation Portland, OR PURPOSE: SUPPORT OPERATIONS AND PROVIDE TUTORING DURING THE COVID-19 PANDEMIC TO SUPPORT PRIMARILY STUDENTS OF COLOR FROM LOW-INCOME HOUSEHOLDS MEET THIRD-GRADE READING BENCHMARKS IN MULTNOMAH COUNTY | $42,000 |
V&l Marx Foundation Scarsdale, NY PURPOSE: GENERAL CORPORATE PURPOSE | $40,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Amazonsmile Foundation Seattle, WA | $32,322,159 | $94,115,479 |
Dr Miriam And Sheldon G Adelson Las Vegas, NV | $37,664,470 | $5,516,038 |
Shimon Ben Joseph Foundation San Francisco, CA | $1,592,283,787 | $39,921,005 |
Alfred C Munger Foundation Los Angeles, CA | $17,737,694 | $91,163,030 |
Hellman Foundation San Francisco, CA | $693,471,633 | $133,789,010 |
The Eric And Wendy Schmidt Fund For Strategic Innovation Palo Alto, CA | $1,715,568,763 | $412,161,407 |
Omidyar Network Fund Inc Redwood City, CA | $490,038,780 | $21,031,743 |
Sobrato Family Foundation Mountain View, CA | $811,956,453 | $266,068,436 |
Moore Family Foundation Incline Village, NV | $173,909 | $5,659,701 |
Gates Philanthropy Partners Seattle, WA | $58,428,866 | $30,155,547 |
Paul G Allen Family Foundation Seattle, WA | $0 | $45,218,114 |
Benificus Foundation San Carlos, CA | $13,481,294 | $1,960,393 |