Bay State Reading Institute
- Assets
- $0.0
- Revenue
- $198.7k
- Investments
- $0.0
- Employees
- 10
- Location
- Amesbury, MA
- Founding
- 12/2006
- Data as of
- 12/2021
- EIN
- 32-0161930
Organization Overview
Bay State Reading Institute is located in Amesbury, MA. The organization was established in 2006. 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, Bay State Reading Institute employed 10 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Bay State Reading Institute 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, Bay State Reading Institute generated $198.7k 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 (27.6%) each year. All expenses for the organization totaled $450.0k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (19.4%) per year over the past 7 years. 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
TO PROVIDE READING AND PRINCIPAL COACHING AND PROFESSIONAL DEVELOPMENT IN KINDERGARTEN THROUGH SIXTH GRADE FOR SCHOOLS IN MASSACHUSETTS
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE INSTITUTION PROVIDES FUNDING FOR ON-GOING PROFESSIONAL DEVELOPMENT AND TRAINING FOR TEACHERS, READING SPECIALISTS AND PRINCIPLES, CURRICULUM AND INTERVENTION MATERIALS, ASSESSMENT TOOLS AND INTENSIVE COACHING SERVICES
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Brigitte A Ruhe Executive Di | Officer | 40 | $178,000 |
Vashti Brotherhood Board | Trustee | 2 | $0 |
Barbara Gardner Board | Trustee | 2 | $0 |
Pam Hook Board | OfficerTrustee | 2 | $0 |
Jillian Nesgos Board | Trustee | 2 | $0 |
Alex Osburn Board | Trustee | 2 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Kelly Ally Reading Coach | 6/29/15 | $126,333 |
Ed Moscovitch Consulting/mgmt | 6/29/15 | $125,190 |
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 | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $198,667 |
| Investment income | $0 |
| 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 | $198,667 |
| 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. | $178,000 |
| Compensation of current officers, directors, key employees. | $178,000 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $186,644 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $32,397 |
| Payroll taxes | $21,066 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $6,144 |
| Fees for services: Accounting | $7,000 |
| 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 | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $60 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $5,484 |
| All other expenses | $3,331 |
| Total functional expenses | $449,976 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| 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 | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $0 |
| Accounts payable and accrued expenses | $0 |
| 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 | $0 |
| Net assets without donor restrictions | $0 |
| 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 | $0 |