Every Child Can Read Inc
- Assets
- $333.9k
- Revenue
- $330.4k
- Investments
- $0.0
- Employees
- 31
- Location
- Richmond, IN
- Founding
- 10/2009
- Data as of
- 12/2023
- EIN
- 26-4389859
Organization Overview
Every Child Can Read Inc is located in Richmond, IN. 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 12/2023, Every Child Can Read Inc employed 31 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Every Child Can Read 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 12/2023, Every Child Can Read Inc generated $330.4k in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 5.6% each year. All expenses for the organization totaled $356.6k during the year ending 12/2023. While expenses have increased by 7.7% per year over the past 9 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
OPENING A WORLD OF OPPORTUNITIES BY GROWING A LOVE OF READING IN YOUNG READERS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE READING ACADEMY IS A 20-DAY INTENSIVE REMEDIATION PROGRAM FOR SECOND AND THIRD GRADERS THAT NEED INTENSE READING INSTRUCTION TO PASS STANDARDIZED TESTS TO BE READY TO TRANSITION FROM LEARNING TO READ, TO READING TO LEARN. IT IS A CRUCIAL TIME FOR STUDENTS TO READ AT GRADE LEVEL BY THE END OF THIRD GRADE IN ORDER TO SUCCEED IN SCHOOL, AS WELL AS FUTURE CAREER PATHS. THE READING ACADEMY PROGRAM IS LOCATED IN A LOCAL FACILITY, CURRENTLY AT THE IU EAST RICHMOND CAMPUS. THE PROGRAM OFFERS A 5:1 STUDENT TEACHER RATIO, SPECIALIZED INSTRUCTION, INTERVENTION, SOCIAL/EMOTIONAL SUPPORT, ACTIVITIES, TWO MEALS A DAY, TRANSPORTATION, AND HIGHLY QUALIFIED TEACHERS AND STAFF. THERE IS NEVER A CHARGE FOR THE PROGRAM.
K READY IS AN EARLY LEARNING PROGRAM DESIGNED TO PUT BOOKS INTO THE HANDS OF CHILDREN OF WAYNE COUNTY AGES BIRTH TO 5 YEARS OLD. WE PARTICIPATE IN THE DOLLY PARTON IMAGINATION LIBRARY (WITH 800+ CHILDREN ENROLLED AT PRESENT), AT A COST OF $25/CHILD/YEAR. K-READY PARTNERS WITH LOCAL DOCTOR'S OFFICES, CHILDCARE AND EARLY LEARNING PROGRAMS, SCHOOLS AND FAMILIES TO HELP CHILDREN BE PREPARED TO ENTER KINDERGARTEN. WE ARE INVESTIGATING ADDITIONAL PROGRAMING TO SUPPORT THESE CHILDREN WITH HIGHLY QUALIFIED TEACHERS AND DEVELOPMENTAL DIRECTION FOR FAMILIES AND CAREGIVERS.
WE HAVE ALSO LAUNCHED THE LOCAL LITTLE FREE LIBRARY. THESE "BOOK BOXES" (COST $100/BOX IN NATIONAL REGISTRATION FEES) ARE PLACED IN STRATEGIC LOCATIONS OF A STEWARD'S CHOICE. THE BOXES ARE FILLED WITH BOOKS TO BE "BORROWED AND EXCHANGED VIA THE BOX. A STEWARD VOLUNTEERS TO MAINTAIN INDIVIDUAL BOXES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jeff Raatz Member | Trustee | 1 | $0 |
Leslie Bolser Member | Trustee | 1 | $0 |
Kristen Brunton Vice Chair | OfficerTrustee | 1 | $0 |
Becky Jewison Board Treasurer | OfficerTrustee | 1 | $0 |
Nikki Brock Member | Trustee | 1 | $0 |
Fredric Ahaus Emeritus Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $261,639 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $261,639 |
| Total Program Service Revenue | $65,000 |
| Investment income | $767 |
| 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 | $330,428 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $4,000 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $20,800 |
| Compensation of current officers, directors, key employees. | $10,400 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $164,740 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $15,228 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $567 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $7 |
| Advertising and promotion | $7,532 |
| Office expenses | $2,207 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $4,500 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $704 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $6,765 |
| All other expenses | $2,402 |
| Total functional expenses | $356,648 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $97,257 |
| Savings and temporary cash investments | $236,604 |
| Pledges and grants receivable | $0 |
| 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 | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $333,861 |
| Accounts payable and accrued expenses | $1,224 |
| 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 | $1,224 |
| Net assets without donor restrictions | $332,637 |
| 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 | $0 |
| Total liabilities and net assets/fund balances | $333,861 |