Read To A Child Inc
- Assets
- $773.9k
- Revenue
- $1.5m
- Investments
- $0.0
- Employees
- 51
- Location
- Wellesley, MA
- Founding
- 02/2006
- Data as of
- 09/2022
- EIN
- 20-3526239
Organization Overview
Read To A Child Inc is located in Wellesley, MA. 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. As of 09/2022, Read To A Child Inc employed 51 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Read To A Child 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 09/2022, Read To A Child Inc generated $1.5m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 4.8% each year. All expenses for the organization totaled $1.3m during the year ending 09/2022. While expenses have increased by 2.8% 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
CHILDREN'S LITERACY & MENTORING
Describe the Organization's Program Activity:
Part 3 - Line 4a
READ TO A CHILD'S MISSION IS TO FOSTER A LOVE OF READING, IMPROVE LITERACY SKILLS AND SUPPORT SOCIO-EMOTIONAL WELL-BEING IN STUDENTS FROM UNDER-RESOURCED COMMUNITIES. READ TO A CHILD'S VISION IS THAT EVERY CHILD HAS THE OPPORTUNITY TO THRIVE IN SCHOOL AND BEYOND THROUGH INSPIRATIONAL MENTORING AND READ-ALOUD EXPERIENCES.
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 |
|---|---|---|---|
Paul Lamoureux CEO | OfficerTrustee | 40 | $131,852 |
Peter Necheles Chair/interim Treasurer | OfficerTrustee | 2 | $0 |
Julie Solomon Secretary | OfficerTrustee | 2 | $0 |
David Brewer Director | Trustee | 2 | $0 |
Brett Carroll Director (resigned In 2021) | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $211,949 |
| Related organizations | $0 |
| Government grants | $249,933 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,058,491 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,520,373 |
| Total Program Service Revenue | $0 |
| Investment income | $255 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $16,081 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,536,709 |
| 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. | $141,577 |
| Compensation of current officers, directors, key employees. | $14,158 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $867,962 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $75,810 |
| Payroll taxes | $83,975 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $13,675 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $58,009 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $527 |
| Travel | $5,446 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $3,598 |
| Interest | -$1,349 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $8,034 |
| All other expenses | $300 |
| Total functional expenses | $1,305,864 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $258,200 |
| Savings and temporary cash investments | $495,955 |
| Pledges and grants receivable | $5,015 |
| 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 | $14,731 |
| 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 | $773,901 |
| Accounts payable and accrued expenses | $38,458 |
| Grants payable | $0 |
| Deferred revenue | $25,000 |
| 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 | $63,458 |
| Net assets without donor restrictions | $501,207 |
| Net assets with donor restrictions | $209,236 |
| 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 | $773,901 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Read To A Child Inc has recieved totaling $5,000.
| Awarding Organization | Amount |
|---|---|
Mutual One Charitable Foundation Framingham, MA PURPOSE: GENERAL SUPPORT | $5,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Transcend Inc Hastingsonhudson, NY | $40,245,682 | $36,384,149 |
The Baruch College Fund New York, NY | $295,690,612 | $67,294,185 |
S&p Global Foundation New York, NY | $10,276,249 | $7,071,664 |
Workforce Outsource Services Inc Uniondale, NY | $10,340,814 | $13,464,902 |
North Star Academy Foundation Inc New York, NY | $177,913,521 | $11,304,915 |
Hyde Leadership Charter School-Brooklyn Brooklyn, NY | $3,932,564 | $12,878,236 |
Teach Plus Incorporated Boston, MA | $12,001,505 | $12,042,496 |
Onward Israel Internships And Opportunities Ltd New York, NY | $897,895 | $11,379,184 |
Goodwin College Educational Services Inc East Hartford, CT | $19,577 | $10,789,035 |
Education Resource Strategies Inc Watertown, MA | $16,861,900 | $10,099,352 |
Entrepreneurial Ventures In Education Quincy, MA | $4,865,485 | $11,072,937 |
Learning Through An Expanded Arts Program Inc New York, NY | $2,991,832 | $9,986,466 |