Rhode Island Tutorial & Educational Services Inc
- Assets
- $376.6k
- Revenue
- $619.2k
- Investments
- $0.0
- Employees
- 17
- Location
- Pawtucket, RI
- Founding
- 07/2008
- Data as of
- 12/2021
- EIN
- 26-1224086
Organization Overview
Rhode Island Tutorial & Educational Services Inc is located in Pawtucket, RI. The organization was established in 2008. 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 12/2021, Rhode Island Tutorial & Educational Services Inc employed 17 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Rhode Island Tutorial & Educational Services 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 12/2021, Rhode Island Tutorial & Educational Services Inc generated $619.2k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 4.3% each year. All expenses for the organization totaled $498.7k during the year ending 12/2021. While expenses have increased by 1.8% 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
IMPROVE ACADEMIC SKILLS OF STUDENTS STRUGGLING TO READ, DO MATH AND PREPARE THEMSELVES TO PERFORM THEIR BEST. THE ORGANIZATION ACCOMPLISHES THIS PRIMARILY THROUGH MULTISENSORY, INDIVIDUALIZED TUTORING AND HIGHLY SPECIALIZED SMALL-GROUP SUMMER PROGRAMS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
INDIVIDUAL TUTORING & SUMMER PROGRAMS, PARENT SUPPORT SERVICES & TEACHER TRAINING.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Lisa Bigney Co-Director | Trustee | 28 | $37,800 |
Halley Lavenstein Co-Director | Trustee | 28 | $33,000 |
Jennifer Jencks President | OfficerTrustee | 0.5 | $0 |
Debra Nassau Secretary | OfficerTrustee | 2 | $0 |
Nick Radesca Treasurer | OfficerTrustee | 0.5 | $0 |
Paige Magratten Board Member | Trustee | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $89,867 |
| All other contributions, gifts, grants, and similar amounts not included above | $21,063 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $110,930 |
| Total Program Service Revenue | $503,936 |
| Investment income | $4,362 |
| 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 | $619,228 |
| 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. | $70,800 |
| Compensation of current officers, directors, key employees. | $35,400 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $24,808 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $8,140 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $22 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $7,950 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $339,180 |
| Advertising and promotion | $2,425 |
| Office expenses | $13,736 |
| Information technology | $509 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $425 |
| Interest | $388 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $134 |
| Insurance | $8,290 |
| All other expenses | $229 |
| Total functional expenses | $498,678 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $117,025 |
| Savings and temporary cash investments | $65,669 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $15,165 |
| 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 | $201 |
| Investments—publicly traded securities | $126,510 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $52,073 |
| Total assets | $376,643 |
| Accounts payable and accrued expenses | $11,140 |
| 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 | $9,656 |
| Total liabilities | $20,796 |
| 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 | $355,847 |
| Total liabilities and net assets/fund balances | $376,643 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Rhode Island Tutorial & Educational Services Inc has recieved totaling $10,642.
| Awarding Organization | Amount |
|---|---|
Network For Good Inc Washington, DC PURPOSE: UNRESTRICTED | $10,549 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $93 |
Endowment Analysis
| Beg. Balance | $182,153 |
| Earnings | $10,025 |
| Ending Balance | $192,178 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Reach Out And Read Inc Boston, MA | $10,124,014 | $15,173,728 |
Read To Grow Inc Branford, CT | $1,292,928 | $1,217,263 |
Mujeres Unidas Avanzando Inc Dorchester, MA | $2,346,284 | $1,432,208 |
Literacy Center Inc Attleboro, MA | $1,345,478 | $822,994 |
Rhode Island Tutorial & Educational Services Inc Pawtucket, RI | $376,643 | $619,228 |
Bay State Reading Institute Amesbury, MA | $0 | $198,667 |
Reach Out And Read Rhode Island Providence, RI | $654,723 | $548,574 |
Max Warburg Courage Curriculum Inc Boston, MA | $1,019,048 | $407,423 |
The Center A Drop-In Community Learning & Resource Center Inc New London, CT | $249,337 | $383,329 |
Literacy Volunteers Of Central Connecticut Inc New Britain, CT | $196,321 | $308,088 |
Literacy Volunteers Of Greater Worcester Worcester, MA | $144,525 | $246,907 |
Wondermore Inc Dedham, MA | $172,014 | $173,492 |