Reading Is Fundamental Pittsburg
- Assets
- $3.4m
- Revenue
- $940.5k
- Investments
- $0.0
- Employees
- 12
- Location
- Pittsburgh, PA
- Founding
- 04/1988
- Data as of
- 05/2022
- EIN
- 25-1558336
Organization Overview
Reading Is Fundamental Pittsburg is located in Pittsburgh, PA. The organization was established in 1988. According to its NTEE Classification (B92) the organization is classified as: Remedial Reading & Encouragement, under the broad grouping of Education and related organizations. As of 05/2022, Reading Is Fundamental Pittsburg employed 12 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Reading Is Fundamental Pittsburg 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 05/2022, Reading Is Fundamental Pittsburg generated $940.5k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 4.7% each year. All expenses for the organization totaled $1.1m during the year ending 05/2022. 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
TO PROVIDE CHILDREN WITH THE RESOURCES, MOTIVATION AND OPPORTUNITIES TO DEVELOP A LIFE-LONG LOVE OF READING.
Describe the Organization's Program Activity:
Part 3 - Line 4a
BOOKS FOR KEEPS: FEATURES FUN, EDUCATIONAL READING CELEBRATIONS THAT COMBINE STORYTIMES, MOTIVATIONAL LITERACY ACTIVITIES, AND THE OPPORTUNITY TO SELECT A BOOK TO TAKE HOME AND KEEP. CHILDREN AT OVER 100 SCHOOLS, EARLY CHILDHOOD CENTERS, AND AFTERSCHOOL PROGRAMS PARTICIPATE IN 3-5 INTERACTIVE READING CELEBRATIONS DESIGNED TO ENGAGE CHILDREN IN THE JOY OF READING AND LEARNING. THIS PROGRAM PLACES NEARLY 50,000 BOOKS A YEAR INTO THE HANDS OF NEARLY 16,000 OF THE MOST ECONOMICALLY DISADVANTAGED CHILDREN IN PITTSBURGH.
STORYMOBILE: THESE LENDING LIBRARIES-ON-WHEELS TAKE BOOKS AND LITERACY RESOURCES TO EARLY CHILDHOOD CENTERS, PRE-K AND KINDERGARTEN CLASSROOMS, AFTERSCHOOL PROGRAMS, PUBLIC HOUSING COMMUNITIES, AND COMMUNITY EVENTS ACROSS OUR CITY.
EVERYBODY WINS!: EVERYBODY WINS! IS A LITERACY AND MENTORING PROGRAM THAT STRIVES TO BUILD LITERACY SKILLS AND A LOVE OF READING IN ELEMENTARY SCHOOL STUDENTS. THIS PROGRAM PAIRS PRE-K THROUGH THIRD GRADERS WITH VOLUNTEERS FROM LOCAL COMPANIES AND ORGANIZATIONS TO SHARE CONVERSATION AND GOOD BOOKS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Florri Ladov Executive Director | Officer | 40 | $212,402 |
Perry Colosimo Beg 0721 Vice President | OfficerTrustee | 0.3 | $0 |
Francis X Solano Jr MD Facp President | OfficerTrustee | 0.3 | $0 |
Vincent O'sullivan Treasurer | OfficerTrustee | 0.3 | $0 |
Jordan S Blask Beg 0721 Secretary | OfficerTrustee | 0.3 | $0 |
Chris Johns Res 1121 Board Member | Trustee | 0.3 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $17,451 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $882,752 |
| Noncash contributions included in lines 1a–1f | $10,000 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $900,203 |
| Total Program Service Revenue | $36,792 |
| Investment income | $3,432 |
| 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 | $940,540 |
| 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. | $230,567 |
| Compensation of current officers, directors, key employees. | $18,727 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $346,045 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $53,680 |
| Payroll taxes | $42,735 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $10,650 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $2,860 |
| Advertising and promotion | $0 |
| Office expenses | $20,510 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $28,248 |
| Travel | $17,101 |
| 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 | $28,836 |
| Insurance | $17,640 |
| All other expenses | $4,480 |
| Total functional expenses | $1,121,275 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $293,312 |
| Savings and temporary cash investments | $2,062,528 |
| Pledges and grants receivable | $488,524 |
| 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 | $177,278 |
| Investments—publicly traded securities | $343,817 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $20,162 |
| Total assets | $3,385,621 |
| Accounts payable and accrued expenses | $40,663 |
| 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 | $40,663 |
| Net assets without donor restrictions | $2,820,831 |
| Net assets with donor restrictions | $524,127 |
| 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 | $3,385,621 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Reading Is Fundamental Pittsburg has recieved totaling $15,000.
| Awarding Organization | Amount |
|---|---|
John E & Sue M Jackson Charitable Trust Pittsburgh, PA PURPOSE: BOOKS FOR CHILDRENS | $15,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Proliteracy Worldwide Syracuse, NY | $17,604,255 | $13,411,984 |
Civic Works Inc Baltimore, MD | $12,483,552 | $12,764,474 |
Urban Youth Alliance International Inc Bronx, NY | $4,354,975 | $6,995,942 |
Kids Read Now Troy, OH | $1,305,520 | $4,930,805 |
Literacy Inc New York, NY | $4,595,330 | $3,899,705 |
Read Alliance Inc New York, NY | $3,368,825 | $3,674,607 |
Nj Leep Inc Newark, NJ | $3,780,662 | $2,866,137 |
Reading Recovery Council Of North America Worthington, OH | $1,777,303 | $1,197,918 |
We Need Diverse Books Bethesda, MD | $1,284,821 | $1,729,399 |
Reach Out And Read Of Greater New York Inc New York, NY | $1,043,771 | $1,407,811 |
Reading Is Fundamental Pittsburg Pittsburgh, PA | $3,385,621 | $940,540 |
The Literacy Center Allentown, PA | $813,842 | $994,402 |