Read For Literacy Inc
- Assets
- $844.5k
- Revenue
- $386.6k
- Investments
- $0.0
- Employees
- 5
- Location
- Toledo, OH
- Founding
- 08/1986
- Data as of
- 08/2022
- EIN
- 34-1516490
Organization Overview
Read For Literacy Inc is located in Toledo, OH. The organization was established in 1986. As of 08/2022, Read For Literacy Inc employed 5 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Read For Literacy 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 08/2022, Read For Literacy Inc generated $386.6k in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (2.2%) each year. All expenses for the organization totaled $336.5k during the year ending 08/2022. As we would expect to see with falling revenues, expenses have declined by (4.9%) 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE A RANGE OF LITERACY SERVICES AND TRAININGS THAT ENABLE CHILDREN, ADULT AND FAMILIES THE OPPORTUNITY TO ACHIEVE SUCCESS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ADULT LITERACY PROGRAM: ADULT BASIC EDUCATION AND ENGLISH LANGUAGE LEARNERS ENGAGES STUDENTS IN LEARNING ACTIVITIES THAT INCREASE READING, WRITING AND COMMUNICATION SKILLS. TUTORS WORK WITH OUR STUDENTS ONE-TO-ONE OR IN SMALL GROUPS SETTING GOALS TO ACHIEVE SUCCESS IN THE CLASSROOM, AT WORK AND IN LIFE.
CREATING YOUNG READERS PROGRAM: THIS LINE OF SERVICE AFFORDS VOLUNTEERS THE OPPORTUNITY TO WORK WITH CHILDREN AGES 3-8 (PRESCHOOL THROUGH 2ND GRADE) WHO ARE AT RISK OF FALLING BEHIND IN EMERGENT LITERACY SKILLS. READER FRIENDS MEET ONE-TO-ONE WITH A CHILD ON READING, ALPHABET RECOGNITION AND OTHER SKILLS ALL WHILE SHARING THEIR LOVE OF READING.
CLAIRE'S DAY: THIS LINE OF SERVICE IS DEDICATED TO INSPIRING CHILDREN AND FAMILIES TO BE LIFELONG READERS. WE DO THIS TO HONOR CLAIRE LYNSEY RUBINI, WHO PASSED AWAY FROM A HEART CONDITION IN 2000 WHEN SHE WAS JUST TEN YEARS OLD. CELEBRATING LIFE, AUTHORS, ILLUSTRATORS AND READING EXCELLENCE, CLAIRE'S DAY ANNUALLY SERVES MORE THAN 20,000 CHILDREN AND THEIR FAMILIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Diana Bush Executive Di | Officer | 40 | $69,000 |
Julia R Bates Trustee | Trustee | $0 | |
Selena Nicholas Bublick Trustee | Trustee | $0 | |
Jessica Biggs Trustee | Trustee | $0 | |
Maria Bailey Trustee | Trustee | $0 | |
Gary Corrigan Trustee | Trustee | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $40,131 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $326,081 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $366,212 |
| Total Program Service Revenue | $108 |
| Investment income | $40,803 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$20,524 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $386,599 |
| 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. | $69,000 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $118,482 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $16,582 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $19,642 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $25,839 |
| Office expenses | $1,522 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $1,050 |
| 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 | $3,361 |
| All other expenses | $5,269 |
| Total functional expenses | $336,466 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $110,319 |
| Savings and temporary cash investments | $85,689 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,754 |
| 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 | $642,534 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $4,162 |
| Total assets | $844,458 |
| Accounts payable and accrued expenses | $9,013 |
| Grants payable | $0 |
| Deferred revenue | $84,354 |
| 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 | $93,367 |
| Net assets without donor restrictions | $751,091 |
| 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 | $844,458 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Read For Literacy Inc has recieved totaling $34,700.
| Awarding Organization | Amount |
|---|---|
Blade Foundation Toledo, OH PURPOSE: COMMUNITY SUPPORT | $34,500 |
William W And Margaret L Bresnahan Foundation Canfield, OH PURPOSE: GENERAL SUPPORT | $200 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Literacy Pittsburgh Pittsburgh, PA | $5,314,823 | $5,305,120 |
Community Learning Center Philadelphia, PA | $0 | $1,706,278 |
Delaware County Literacy Council Chester, PA | $1,024,864 | $1,448,020 |
Literacy Center Of West Michigan Grand Rapids, MI | $635,854 | $1,470,651 |
Chester County Opportunities Industrialization Center Coatesville, PA | $1,013,841 | $1,688,281 |
Education Matters Inc Cincinnati, OH | $5,685,161 | $597,390 |
Read For Literacy Inc Toledo, OH | $844,458 | $386,599 |
Adult Literacy Lawrence County New Castle, PA | $54,905 | $209,570 |
Clark County Literacy Coalition Springfield, OH | $129,317 | $207,951 |
Chester County Night School West Chester, PA | $242,347 | $72,361 |
The Capital Region Literacy Council Harrisburg, PA | $101,431 | $0 |