The Leaders Readers Network
- Assets
- $142.0k
- Revenue
- $301.8k
- Investments
- $0.0
- Employees
- 0
- Location
- Canyon, TX
- Founding
- 07/2014
- Data as of
- 06/2022
- EIN
- 36-4753948
Organization Overview
The Leaders Readers Network is located in Canyon, TX. The organization was established in 2014. According to its NTEE Classification (B12) the organization is classified as: Fund Raising & Fund Distribution, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Leaders Readers Network 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, Leaders Readers Network generated $301.8k in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 21.2% each year . All expenses for the organization totaled $231.3k during the year ending 06/2022. While expenses have increased by 22.2% per year over the past 5 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
OUR MISSION IS TO CULTIVATE A NATIONAL NETWORK OF LEADERS WHO PROVIDE BOOKS, SUPPLIES, AND PROJECTS TO SUPPORT EARLY LITERACY IN UNDERSERVED SCHOOLS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE DIVERSE BOOK PROGRAM WORKS TO PROVIDE TEACHERS AT TITLE 1 SCHOOLS WITH BRAND NEW BOOKS THAT REPRESENT DIVERSE STORIES, BACKGROUNDS, AND CULTURES. DURING THE 2021 - 2022 SCHOOL YEAR, WE PROVIDED OVER 63,060 BOOKS TO STUDENTS AND TEACHERS AT UNDERSERVED SCHOOLS.
THE LITERACY FELLOWSHIP PROGRAM PROVIDES EDUCATORS AT TITLE 1 SCHOOLS WITH FREE PROFESSIONAL DEVELOPMENT, A DIVERSE CLASSROOM LIBRARY, LITERACY ENRICHMENT ACTIVITIES, AND BRAND NEW BOOKS FOR STUDENTS 4 TIMES PER YEAR. DURING THE 2021 - 2022 SCHOOL YEAR, WE PARTNERED WITH 40 EDUCATORS AND LIBRARIANS, 46 SCHOOLS, 250 CLASSROOMS, AND ACTIVATED OVER 36,000 VOLUNTEER HOURS TO ADVANCE SERVICE AND LITERACY PROJECTS, WHILE IMPACTING 53,110 STUDENTS.
THE DOMINICA STRONG PROGRAM PROVIDES BRAND NEW BOOKS TO SCHOOLS IN DOMINICA. DURING THE 2021 - 2022 SCHOOL YEAR, WE PROVIDED 4,500 BRAND NEW BOOKS TO STUDENTS AT 5 SCHOOLS IN DOMINICA.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Christopher Mcgilvery Executive Dir. | Officer | 40 | $0 |
Holly Barker CFO | Officer | 5 | $0 |
Dr Shanna Peeples Director | Trustee | 5 | $0 |
Melodie Graves Director | Trustee | 5 | $0 |
Dr Mary Liz Brooks Director | Trustee | 5 | $0 |
Rj Soleyjacks Director | Trustee | 5 | $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 | $301,847 |
| Noncash contributions included in lines 1a–1f | $9,980 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $301,847 |
| Total Program Service Revenue | $0 |
| 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 | $301,847 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $1,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $5,065 |
| Advertising and promotion | $1,208 |
| Office expenses | $1,990 |
| Information technology | $1,436 |
| Royalties | $0 |
| Occupancy | $692 |
| Travel | $16,502 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $631 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $91 |
| All other expenses | $19,316 |
| Total functional expenses | $231,349 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $141,472 |
| 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 | $576 |
| 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 | $142,048 |
| Accounts payable and accrued expenses | $7,207 |
| 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 | $7,207 |
| Net assets without donor restrictions | $134,841 |
| 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 | $142,048 |
Grants Recieved
Over the last fiscal year, we have identified 5 grants that The Leaders Readers Network has recieved totaling $22,702.
| Awarding Organization | Amount |
|---|---|
Amarillo Area Foundation Inc Amarillo, TX PURPOSE: PROGRAM SUPPORT | $11,593 |
Dr Kent Roberts And Ilene Roberts Balliett Foundation Amarillo, TX PURPOSE: OPERATIONAL EXPENDITURE | $5,000 |
Frieda C Fox Family Foundation Studio City, CA PURPOSE: EDUCATION | $5,000 |
Bryant & Nancy Hanley Foundation Inc Dallas, TX PURPOSE: CHARITABLE PURPOSE | $1,000 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $109 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Wiley College Marshall, TX | $47,591,110 | $22,498,532 |
Meadow Oaks Education Foundation Mesquite, TX | $6,337,401 | $20,503,410 |
Harold E Riley Foundation Fort Worth, TX | $357,850 | $584,984 |
Compass Rose Education Inc San Antonio, TX | $15,459,454 | $19,431,467 |
Three Oclock Project Baton Rouge, LA | $1,930,450 | $18,582,179 |
Athlos Louisiana Terrytown, LA | $4,119,183 | $17,119,142 |
Nmc Inc Los Alamos, NM | $8,318,653 | $11,151,295 |
Valor Texas Education Foundation Austin, TX | $20,040,325 | $11,565,701 |
Foundation For Tulsa Schools Tulsa, OK | $13,402,243 | $11,567,047 |
Eugene Higgins Charitable Trust Dallas, TX | $194,077,327 | $32,131,659 |
Lyndon Baines Johnson Foundation Austin, TX | $271,934,270 | $12,544,612 |
Los Alamos National Laboratory Foundation Espanola, NM | $121,206,991 | $6,734,322 |