Kids Need To Read
- Assets
- $1.8m
- Revenue
- $608.8k
- Investments
- $36.2k
- Employees
- 6
- Location
- Mesa, AZ
- Founding
- 09/2008
- Data as of
- 03/2022
- EIN
- 26-2755631
Organization Overview
Kids Need To Read is located in Mesa, AZ. The organization was established in 2008. According to its NTEE Classification (B90) the organization is classified as: Educational Services, under the broad grouping of Education and related organizations. As of 03/2022, Kids Need To Read employed 6 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Kids Need To Read 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 03/2022, Kids Need To Read generated $608.8k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 3.1% each year. All expenses for the organization totaled $1.4m during the year ending 03/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, Kids Need To Read has awarded 335 individual grants totaling $4,768,864. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
PROVIDING BOOKS TO CHILDREN AND ORGANIZATIONS THAT SERVE CHILDREN, ESPECIALLY DISADVANTAGED CHILDREN.
Describe the Organization's Program Activity:
Part 3 - Line 4a
GRANTS TO PROVIDE BOOKS TO DISADVANTAGED CHILDREN THROUGH UNDERFUNDED SCHOOLS, LIBRARIES AND LITERACY PROGRAMS. THE PROGRAM SUPPORTS LITERACY AND GRADUATION RATES AMONG OUR NATION'S YOUTH.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jessica Payne Executive Director | OfficerTrustee | 50 | $44,946 |
Tyson Breinholt Chairman | OfficerTrustee | 1 | $0 |
Heather Miller Treasurer | OfficerTrustee | 1 | $0 |
Bruce Matsunaga PHD Secretary | OfficerTrustee | 1 | $0 |
Diane Elhard Director | Trustee | 1 | $0 |
Gary Mlodzik Director | Trustee | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $14,774 |
| Related organizations | $0 |
| Government grants | $32,175 |
| All other contributions, gifts, grants, and similar amounts not included above | $559,233 |
| Noncash contributions included in lines 1a–1f | $409,373 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $606,182 |
| Total Program Service Revenue | $0 |
| Investment income | $640 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $1,972 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $608,794 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $1,207,196 |
| 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. | $45,579 |
| Compensation of current officers, directors, key employees. | $9,116 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $25,665 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $5,442 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $8,133 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $829 |
| Fees for services: Other | $0 |
| Advertising and promotion | $39 |
| Office expenses | $8,442 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $34,111 |
| Travel | $0 |
| 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 | $4,134 |
| Insurance | $5,309 |
| All other expenses | $0 |
| Total functional expenses | $1,369,531 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $83,395 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $460 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $1,664,750 |
| Prepaid expenses and deferred charges | $1,904 |
| Net Land, buildings, and equipment | $2,876 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $36,202 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $2,941 |
| Total assets | $1,792,528 |
| Accounts payable and accrued expenses | $8,946 |
| 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 | $8,946 |
| Net assets without donor restrictions | $1,747,380 |
| Net assets with donor restrictions | $36,202 |
| 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 | $1,792,528 |
Grants Awarded
Over the last fiscal year, Kids Need To Read has awarded $930,768 in support to 64 organizations.
| Grant Recipient | Amount |
|---|---|
Carefree, AZ PURPOSE: READING RESOURCES PROVIDED TO UNDERFUNDED LITERACY PROGRAMS TO INCREASE READING PROFICIENCY LEVELS AMONG DISADVANTAGED CHILDREN. | $56,906 |
San Gabriel, CA PURPOSE: READING RESOURCES PROVIDED TO UNDERFUNDED LITERACY PROGRAMS TO INCREASE READING PROFICIENCY LEVELS AMONG DISADVANTAGED CHILDREN. | $49,084 |
Waddell, AZ PURPOSE: READING RESOURCES PROVIDED TO UNDERFUNDED LITERACY PROGRAMS TO INCREASE READING PROFICIENCY LEVELS AMONG DISADVANTAGED CHILDREN. | $43,497 |
Triangle, VA PURPOSE: READING RESOURCES PROVIDED TO UNDERFUNDED LITERACY PROGRAMS TO INCREASE READING PROFICIENCY LEVELS AMONG DISADVANTAGED CHILDREN. | $36,806 |
Phoenix, AZ PURPOSE: READING RESOURCES PROVIDED TO UNDERFUNDED LITERACY PROGRAMS TO INCREASE READING PROFICIENCY LEVELS AMONG DISADVANTAGED CHILDREN. | $31,960 |
CATHOLIC COMMUNITY SERVICES PURPOSE: READING RESOURCES PROVIDED TO UNDERFUNDED LITERACY PROGRAMS TO INCREASE READING PROFICIENCY LEVELS AMONG DISADVANTAGED CHILDREN. | $30,408 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Kids Need To Read has recieved totaling $1,500.
| Awarding Organization | Amount |
|---|---|
Jess And Sheila Schwartz Family Foundation Phoenix, AZ PURPOSE: TO ASSIST IN CREATING A LARGER IMPACT ON THE CAUSE OF CHILDHOOD LITERACY FOR WHICH WE WORK. | $1,500 |
Endowment Analysis
| Beg. Balance | $34,424 |
| Earnings | $2,607 |
| Admin Expense | $829 |
| Ending Balance | $36,202 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Live Oak A Learning Center For Children San Francisco, CA | $40,489,721 | $19,594,406 |
Biocomx Dana Point, CA | $308,692 | $15,969,949 |
Open Up Resources Menlo Park, CA | $29,661,554 | $16,279,319 |
Wgu Labs Salt Lake City, UT | $5,412,542 | $17,199,300 |
Teach-Org Inc San Francisco, CA | $5,801,007 | $13,162,873 |
The Reason Foundation Los Angeles, CA | $15,187,245 | $16,170,727 |
San Francisco Study Center Inc San Francisco, CA | $5,230,719 | $12,852,895 |
Hoffman Institute Foundation San Rafael, CA | $2,301,194 | $11,907,757 |
Legacy Traditional School Maricopa Chandler, AZ | $18,281,409 | $11,917,984 |
Cambiar Education San Diego, CA | $11,761,927 | $15,993,046 |
Associated Students Of California State University Chico Chico, CA | $29,452,040 | $13,695,718 |
Todays Fresh Start Los Angeles, CA | $38,805,224 | $12,503,064 |