Read Association Of Saginaw County
- Assets
- $521.3k
- Revenue
- $256.3k
- Investments
- $0.0
- Employees
- 7
- Location
- Saginaw, MI
- Founding
- 06/1977
- Data as of
- 12/2023
- EIN
- 38-1987542
Organization Overview
Read Association Of Saginaw County is located in Saginaw, MI. The organization was established in 1977. 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 12/2023, Read Association Of Saginaw County employed 7 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Read Association Of Saginaw County 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 12/2023, Read Association Of Saginaw County generated $256.3k in total revenue. This organization has experienced exceptional growth, as over the past 9 years, it has increased revenue by an average of 10.1% each year . All expenses for the organization totaled $265.9k during the year ending 12/2023. While expenses have increased by 9.0% per year over the past 9 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
CHILDREN'S LITERACY MENTOR PROGRAMS
Describe the Organization's Program Activity:
Part 3 - Line 4a
CHILDREN'S LITERACY MENTOR PROGRAMS
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Sheri Leaman-Case Director | Trustee | 0 | $0 |
Mimi Bell Secretary | Trustee | 0 | $0 |
Steve Canole Director | Trustee | 0 | $0 |
Lindsay Eggers Director | Trustee | 0 | $0 |
Kevin Frank Treasurer | Trustee | 0 | $0 |
Rev Ted Mcculloch Director | Trustee | 0 | $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 | $227,183 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $227,183 |
| Total Program Service Revenue | $0 |
| Investment income | $29,150 |
| 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 | $256,333 |
| 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 | $151,576 |
| Pension plan accruals and contributions | $4,336 |
| Other employee benefits | $4,323 |
| Payroll taxes | $11,638 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $7,391 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $1,187 |
| Office expenses | $0 |
| Information technology | $1,658 |
| Royalties | $0 |
| Occupancy | $14,420 |
| Travel | $1,687 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,539 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $2,603 |
| All other expenses | $11,459 |
| Total functional expenses | $265,921 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $98,524 |
| Savings and temporary cash investments | $240,277 |
| 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 | $1,041 |
| Net Land, buildings, and equipment | $87,187 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $94,306 |
| Other assets | $0 |
| Total assets | $521,335 |
| Accounts payable and accrued expenses | $2,422 |
| 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 | $97,339 |
| Total liabilities | $99,761 |
| Net assets without donor restrictions | $342,257 |
| Net assets with donor restrictions | $79,317 |
| 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 | $521,335 |