First R Foundation Inc
- Assets
- $47.9k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Gloucester, MA
- Founding
- 03/2009
- Data as of
- 06/2022
- EIN
- 26-3951059
Organization Overview
First R Foundation Inc is located in Gloucester, MA. 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. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. First R Foundation 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 06/2022, First R Foundation Inc generated $20.9k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 0.4% each year. All expenses for the organization totaled $8.5k during the year ending 06/2022. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3
TO FOSTER LITERACY IN KINDERGARTEN AND FIRST GRADE STUDENTS BY HAVING ADULTS READ ALOUD NEW CHILDREN'S ILLUSTRATEDFICTION TO THEM IN A CLASSROOM SETTING.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Carol Earle Director | 0.25 | $0 | |
Debra Nelson Director | 0.25 | $0 | |
Patricia N Earle President | 1 | $0 | |
Melissa Lynch Director | 0.25 | $0 | |
Patrick Thorpe Director | 0.25 | $0 | |
Howard Frisch Treasurer | 0.25 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $20,601 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $259 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $20,860 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $775 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $147 |
| Other expenses | $7,595 |
| Total expenses | $8,517 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $47,903 |
| Other assets | $0 |
| Total assets | $47,903 |
| Total liabilities | $0 |
| Net assets or fund balances | $47,903 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that First R Foundation Inc has recieved totaling $2,500.
| Awarding Organization | Amount |
|---|---|
Institution For Savings In Newbrypt & Its Vcnty Chrtble Foundation Inc Newburyport, MA PURPOSE: EXEMPT PURPOSE | $2,500 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
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 |
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 |
Childrens Literacy Foundation Waterbury Center, VT | $3,355,968 | $2,120,012 |
Read To Succeed Buffalo Inc Buffalo, NY | $1,016,821 | $853,837 |
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 |
Tompkins Learning Partners Incorporated Ithaca, NY | $876,893 | $421,210 |