Reading Legacies
- Assets
- $243.7k
- Revenue
- $416.1k
- Investments
- $0.0
- Employees
- 13
- Location
- San Diego, CA
- Founding
- 01/2010
- Data as of
- 12/2022
- EIN
- 27-0523331
Organization Overview
Reading Legacies is located in San Diego, CA. The organization was established in 2010. According to its NTEE Classification (O50) the organization is classified as: Youth Development Programs, under the broad grouping of Youth Development and related organizations. As of 12/2022, Reading Legacies employed 13 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Reading Legacies 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 12/2022, Reading Legacies generated $416.1k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 3.8% each year. All expenses for the organization totaled $373.5k during the year ending 12/2022. While expenses have increased by 5.3% per year over the past 8 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO FACILITATE SUPPORTIVE RELATIONSHIPS FOR CHILDREN THROUGH FAMILY AND FRIENDS READING ALOUD WITH THEM.
Describe the Organization's Program Activity:
Part 3 - Line 4a
GRANDPARENT STORYBOOKS - ENHANCES INTERGENERATIONAL FAMILY RELATIONSHIPS BY SHARING MEMORIES AND FAMILY VALUES THROUGH STORYBOOKS. THE PURPOSE OF THIS PROGRAM IS TO PROVIDE MEANINGFUL COMMUNICATION BETWEEN GENERATIONS AS THEY READ ALOUD TOGETHER, USING TECHNOLOGY TO BRIDGE GEOGRAPHICAL SEPARATIONS AND TO ENHANCE FAMILIAL INTERACTIONS. SENIORS ARE COACHED AND RECORDED ON VIDEO READING A FAVORITE BOOK TO THEIR GRANDCHILDREN, GREAT GRANDCHILDREN AND OTHER LOVED ONES. THE RECORDING AND BOOK ARE SENT TO THE FAMILY TO BE ENJOYED AND CHERISHED TIME AND AGAIN.
FIRST TEACHERS - PROVIDES A SERIES OF WORKSHOPS THAT ENCOURAGE PARENTS TO TRUST THEIR INSTINCTS, GATHER RESOURCES, AND READ ALOUD REGULARLY TO PREPARE THEIR CHILDREN FOR SUCCESS IN SCHOOL. THIS PROGRAM AIMS TO ENGAGE PARENTS IN THE DEVELOPMENT OF THEIR CHILDREN THROUGH DISCUSSION AND COLLABORATION.
YOUTH READERS - IMPACT HIGH SCHOOL AND MIDDLE SCHOOL AGED YOUTH THROUGH SEMESTER-LONG COMMITMENT OF READING ALOUD WEEKLY TO YOUNG CHILDREN IN THEIR OWN COMMUNITIES, ESPECIALLY UNDER-SERVED COMMUNITIES. ADULT VOLUNTEERS PARTNER WITH THE YOUTH PARTICIPANTS TO PROVIDE TRAINING, GUIDANCE, AND ENCOURAGEMENT. AT THE END OF THE SEMESTER, THE YOUTH HAVE AN OPPORTUNITY TO MAKE A PRESENTATION TO THEIR PARENTS AND THE PARENTS OF THE YOUNG CHILDREN ABOUT THEIR EXPERIENCE FOLLOWED BY A SPECIAL EVENT TO CONGRATULATE THE YOUTH FOR THEIR COMMUNITY SERVICE.
BOOKS BRIDGES - HELPS CHILDREN TRANSCEND THE BARS THAT SEPARATE THEM FROM THEIR INCARCERATED LOVED ONES. PARENTS ARE TRAINED TO READ ALOUD TO THEIR CHILDREN ON VIDEO, FORMING HEALTHY AND LASTING BONDS AND LEARNING ABOUT THE IMPORTANCE OF READING ALOUD WITH CHILDREN. VOLUNTEER FACILITATORS OFFER TIPS AND TOOLS TO MAKE THE SHARED READING EXPERIENCE FUN AND VALUABLE TO THE CHILD. AFTER THE INCARCERATED PARENTS READ ALOUD ON VIDEO, THE VIDEO LINK AND STORY BOOK ARE SENT TO THE CHILDREN AT HOME TO BE ENJOYED TIME AND AGAIN.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Betty Mohlenbrock President & | Trustee | 40 | $66,892 |
Liz Valenzuela Banker Trustee | Trustee | 3 | $0 |
Julie Beaty Secretary | Trustee | 3 | $0 |
Derek Cox Trustee | Trustee | 3 | $0 |
Michael J Haynes Trustee | Trustee | 3 | $0 |
Vivian Lin Trustee | Trustee | 3 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $23,981 |
| All other contributions, gifts, grants, and similar amounts not included above | $382,303 |
| Noncash contributions included in lines 1a–1f | $11,223 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $406,284 |
| Total Program Service Revenue | $0 |
| Investment income | $539 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$5,735 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $416,088 |
| 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. | $66,892 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $184,642 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $5,297 |
| Payroll taxes | $23,326 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $6,837 |
| Fees for services: Accounting | $10,480 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $19,429 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $20,161 |
| 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 | $0 |
| Insurance | $5,759 |
| All other expenses | $5,949 |
| Total functional expenses | $373,525 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $151,952 |
| Savings and temporary cash investments | $0 |
| 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 | $88,047 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $3,709 |
| Total assets | $243,708 |
| Accounts payable and accrued expenses | $9,230 |
| 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 | $9,230 |
| Net assets without donor restrictions | $147,531 |
| Net assets with donor restrictions | $86,947 |
| 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 | $243,708 |