Read To Succeed Buffalo Inc
- Assets
- $1.0m
- Revenue
- $853.8k
- Investments
- $0.0
- Employees
- 9
- Location
- Buffalo, NY
- Founding
- 02/2009
- Data as of
- 12/2021
- EIN
- 26-3606661
Organization Overview
Read To Succeed Buffalo Inc is located in Buffalo, NY. The organization was established in 2009. 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, Read To Succeed Buffalo Inc employed 9 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Read To Succeed Buffalo 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, Read To Succeed Buffalo Inc generated $853.8k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 2.3% each year. All expenses for the organization totaled $703.8k during the year ending 12/2021. 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
THE ORGANIZATION IS DEDICATED TO INCREASING EARLY CHILDHOOD LITERACY THROUGH A VARIETY OF PROGRAMS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
CARE: IN 2021 CARE CHILD CARE/PRESCHOOL PROGRAMING SERVED NEARLY 200 INFANTS, TODDLERS AND PRESCHOOLERS THROUGHOUT THE CITY OF BUFFALO IN SEVEN (7) LICENSED CHILD CARE HOMES OR URBAN CENTERS AND TWO HOLY CROSS HEAD START LOCATIONS ON BUFFALO'S WEST SIDE CONSISTING OF TEN (10) CLASSROOMS.
EXPERIENCE CORPS SMALL GROUP TUTORING: AT THE START OF THE 2021-22 SCHOOL YEAR EXPERIENCE CORPS RECRUITED 47 VOLUNTEER TUTOR/MENTORS WHO ARE WORKING 2X PER WEEK, EVERY WEEK OF THE SCHOOL YEAR WITH 89 1ST THROUGH 3RD GRADE STUDENTS ACROSS SIX TITLE 1 BUFFALO CITY SCHOOLS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Anne Ryan Executive Director | Officer | 40 | $126,570 |
Mary Jo Hunt Chair | OfficerTrustee | 0.5 | $0 |
Carmen Snell ESQ Vice Chair | OfficerTrustee | 0.5 | $0 |
Michael J Noah Treasurer | OfficerTrustee | 0.5 | $0 |
Kathleen Kate Dust Secretary | OfficerTrustee | 0.5 | $0 |
Carol Goulding Director | Trustee | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $42,900 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $181,345 |
| All other contributions, gifts, grants, and similar amounts not included above | $629,440 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $853,685 |
| Total Program Service Revenue | $0 |
| Investment income | $152 |
| 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 | $853,837 |
| 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. | $132,387 |
| Compensation of current officers, directors, key employees. | $38,025 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $351,513 |
| Pension plan accruals and contributions | $10,296 |
| Other employee benefits | $17,802 |
| Payroll taxes | $49,044 |
| 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 | $39,722 |
| Advertising and promotion | $15,015 |
| Office expenses | $24,054 |
| Information technology | $563 |
| Royalties | $0 |
| Occupancy | $40,110 |
| Travel | $6,394 |
| 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 | $8,332 |
| All other expenses | $0 |
| Total functional expenses | $703,811 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $60,143 |
| Savings and temporary cash investments | $570,573 |
| Pledges and grants receivable | $375,950 |
| 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 | $10,155 |
| 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 | $1,016,821 |
| Accounts payable and accrued expenses | $48,802 |
| 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 | $48,802 |
| Net assets without donor restrictions | $480,020 |
| Net assets with donor restrictions | $487,999 |
| 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 | $1,016,821 |
Grants Recieved
Over the last fiscal year, we have identified 11 grants that Read To Succeed Buffalo Inc has recieved totaling $732,930.
| Awarding Organization | Amount |
|---|---|
Community Foundation For Greater Buffalo Inc Buffalo, NY PURPOSE: UNRESTRICTED USE; STAFF TRAINING; GENERAL OPERATIONS; PROPOSAL FUNDING; ENDOWMENT; EXPERIENCE CORPS VOLUNTEER TUTORING PROGRAM | $140,233 |
John R Oishei Foundation Buffalo, NY PURPOSE: SCALING READING SUCCESS: EXPERIENCE CORPS SMALL GROUP VOLUNTEER TUTORING - YEAR 4 (2020-2021) | $140,000 |
Aarp Foundation Washington, DC PURPOSE: GRANT TO SUPPORT AARP FOUNDATION'S EXPERIENCE CORPS PROGRAM | $90,000 |
United Way Of Buffalo And Erie County Buffalo, NY PURPOSE: PROGRAM FUNDING | $85,800 |
Cullen Foundation Buffalo, NY PURPOSE: EXPERIENCE CORPS VOLUNTEER TUTORING | $75,000 |
Cullen Foundation Buffalo, NY PURPOSE: EXPERIENCE CORPS VOLUNTEER TUTORING | $75,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Childrens Literacy Initiative Philadelphia, PA | $12,745,223 | $23,482,636 |
Reach Out And Read Inc Boston, MA | $10,124,014 | $15,173,728 |
Proliteracy Worldwide Syracuse, NY | $17,604,255 | $13,411,984 |
Urban Youth Alliance International Inc Bronx, NY | $4,354,975 | $6,995,942 |
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 |
Read To Grow Inc Branford, CT | $1,292,928 | $1,217,263 |
Mujeres Unidas Avanzando Inc Dorchester, MA | $2,346,284 | $1,432,208 |
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 |