Reading Recovery Council Of North America
- Assets
- $1.8m
- Revenue
- $1.2m
- Investments
- $0.0
- Employees
- 9
- Location
- Worthington, OH
- Founding
- 01/1997
- Data as of
- 06/2022
- EIN
- 31-1429018
Organization Overview
Reading Recovery Council Of North America is located in Worthington, OH. The organization was established in 1997. 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 06/2022, Reading Recovery Council Of North America employed 9 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Reading Recovery Council Of North America 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, Reading Recovery Council Of North America generated $1.2m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (5.9%) each year. All expenses for the organization totaled $1.9m during the year ending 06/2022. As we would expect to see with falling revenues, expenses have declined by (0.7%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
WE ENSURE THAT CHILDREN WHO STRUGGLE IN LEARNING TO READ AND WRITE GAIN THE SKILLS FOR A LITERATE AND PRODUCTIVE FUTURE.
Describe the Organization's Program Activity:
PROFESSIONAL EDUCATION - SUPPORTED PROFESSIONAL DEVELOPMENT FOR TEACHERS, TEACHER LEADERS, SITE COORDINATORS, TRAINERS, AND VOLUNTEERS THROUGH THE NATIONAL READING RECOVERY CONFERENCE AND PRE-CONFERENCE INSTITUTES,THE TEACHER LEADER INSTITUTE, SCHOLARSHIPS FOR TEACHER LEADER TRAINING, AND PROFESSIONAL DEVELOPMENT GRANTS.
PUBLIC INFORMATION - PROVIDED GENERAL PUBLIC AND MEMBERS WITH INFORMATION ABOUT READING RECOVERY AND EARLY LITERACY THROUGH TELEPHONE AND MAIL INQUIRIES, PUBLICATION OF RELATED INFORMATION AND DATA, AND WEBSITE SERVICES.
MEMBERSHIP RESOURCES-INCLUDES THE MAGAZINE "THE JOURNAL OF READING RECOVERY AND OTHER WEB-BASED SERVICES INCLUDING SEARCHABLE READING RECOVERY BOOK LIST AND LABELS, READING RECOVERY LESSON FORMS, LISTENING LIBRARY, MEMBER DIRECTORY, ONLINE LIBRARY AND COMMUNICATION RESOURCES.
OTHER PROGRAMS, INCLUDING THE PROMOTION OF READING RECOVERY, UPHOLD INTEGRITY, AND COMMUNICATE INFORMATION THROUGH STANDARDS AND GUIDELINES, TRAINING AND PUBLICATIONS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Billy Molasso Executive Director | Officer | 40 | $171,250 |
Michael Lemaster Senior Accountant | 40 | $104,453 | |
Kathy Brown Secretary | OfficerTrustee | 1 | $0 |
Amy Smith Past President | OfficerTrustee | 1 | $0 |
Jeff Williams Treasurer | OfficerTrustee | 1 | $0 |
Maeghan Mccormick President Elect | OfficerTrustee | 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 | $92,455 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $92,455 |
| Total Program Service Revenue | $1,056,993 |
| Investment income | $1,264 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $158 |
| 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 | $41,905 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,197,918 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $49,460 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $211,327 |
| Compensation of current officers, directors, key employees. | $81,537 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $516,958 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $268,433 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $6,798 |
| Fees for services: Accounting | $17,568 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $277,587 |
| Advertising and promotion | $28,314 |
| Office expenses | $9,969 |
| Information technology | $64,660 |
| Royalties | $0 |
| Occupancy | $80,176 |
| Travel | $8,171 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $236,664 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $11,615 |
| Insurance | $3,665 |
| All other expenses | $7,949 |
| Total functional expenses | $1,908,324 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $442,316 |
| Savings and temporary cash investments | $527,185 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $677,606 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $77,174 |
| Prepaid expenses and deferred charges | $20,506 |
| Net Land, buildings, and equipment | $32,516 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,777,303 |
| Accounts payable and accrued expenses | $203,609 |
| Grants payable | $0 |
| Deferred revenue | $111,935 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $38,039 |
| 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 | $353,583 |
| Net assets without donor restrictions | $575,132 |
| Net assets with donor restrictions | $848,588 |
| 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 | $1,777,303 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Reading Recovery Council Of North America has recieved totaling $335,667.
| Awarding Organization | Amount |
|---|---|
Columbus Foundation Columbus, OH PURPOSE: EDUCATION | $335,000 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $667 |
Endowment Analysis
| Beg. Balance | $1,319,409 |
| Net Contributions | $848,588 |
| Other Expense | $575,132 |
| Ending Balance | $1,592,865 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
National Center For Families Learning Inc Louisville, KY | $16,159,024 | $7,570,588 |
Kids Read Now Troy, OH | $1,305,520 | $4,930,805 |
Communities In Schools Of Michigan Inc Lansing, MI | $5,757,124 | $8,847,770 |
Simon Youth Foundation Inc Indianapolis, IN | $13,534,989 | $1,991,502 |
Reading Recovery Council Of North America Worthington, OH | $1,777,303 | $1,197,918 |
School On Wheels Corp Indianapolis, IN | $2,488,592 | $1,690,910 |
Carnegie Literacy Center Inc Lexington, KY | $1,003,564 | $1,222,449 |
Reading Is Fundamental Pittsburg Pittsburgh, PA | $3,385,621 | $940,540 |
The Literacy Center Allentown, PA | $813,842 | $994,402 |
Kalamazoo Literacy Council Kalamazoo, MI | $565,019 | $856,187 |
Seedlings Braille Books For Children Livonia, MI | $4,243,634 | $799,029 |
The Literacy Alliance Inc Fort Wayne, IN | $1,049,795 | $1,201,778 |