Specialized Language Development Center
- Assets
- $375.6k
- Revenue
- $726.2k
- Investments
- $0.0
- Employees
- 103
- Location
- Kalamazoo, MI
- Founding
- 02/1975
- Data as of
- 06/2023
- EIN
- 38-2055709
Organization Overview
Specialized Language Development Center, operating under the name Sld Read, is located in Kalamazoo, MI. The organization was established in 1975. As of 06/2023, Sld Read employed 103 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Sld Read 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 06/2023, Sld Read generated $726.2k in total revenue. The organization has seen a slow decline revenue. Over the past 8 years, revenues have fallen by an average of (0.8%) each year. All expenses for the organization totaled $1.0m during the year ending 06/2023. 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
OUR MISSION IS THREEFOLD: HELPING INDIVIDUALS WITH DYSLEXIA, LEARNING DIFFERENCES, AND OTHER READING CHALLENGES TO DEVELOP LIFELONG LANGUAGE SKILLS THROUGH OUR MULTISENSORY PROGRAM; ASSISTING EDUCATORS TO IDENTIFY LEARNING CHALLENGES BY PROVIDING TRAINING AND TECHNIQUES TO ENHANCE THEIR READING CURRICULUM; INCREASING COMMUNITY AWARENESS AND UNDERSTANDING OF LITERACY ISSUES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROFESSIONAL EDUCATION & TRAINING: TRAIN & PROVIDE TUTORS FOR INDIVIDUALS WHO ARE AFFLICTED WITH DYSLEXIA, A READING DISABILITY.
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 |
|---|---|---|---|
Kristen Potts CEO | Officer | 40 | $90,000 |
Mindi Fitzpatrick CFO | Officer | 40 | $70,000 |
Peter Eldridge President | OfficerTrustee | 2 | $0 |
Hilary Arthur Vice Preside | OfficerTrustee | 2 | $0 |
Tony Baker Secretary | OfficerTrustee | 2 | $0 |
Adam Wagner Treasurer | OfficerTrustee | 2 | $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 | $344,138 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $344,138 |
| Total Program Service Revenue | $375,152 |
| Investment income | $6,936 |
| 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 | $726,226 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $4,510 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $160,000 |
| Compensation of current officers, directors, key employees. | $80,000 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $543,267 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $58,995 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $10,972 |
| 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 | $17,583 |
| Information technology | $19,179 |
| Royalties | $0 |
| Occupancy | $34,413 |
| Travel | $0 |
| 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 | $2,725 |
| Insurance | $6,314 |
| All other expenses | $30,534 |
| Total functional expenses | $1,004,261 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $167,857 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $33,640 |
| Accounts receivable, net | $82,508 |
| 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 | $1,881 |
| Net Land, buildings, and equipment | $7,245 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $82,444 |
| Total assets | $375,575 |
| Accounts payable and accrued expenses | $34,176 |
| Grants payable | $0 |
| Deferred revenue | $144,611 |
| 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 | $62,254 |
| Total liabilities | $241,041 |
| Net assets without donor restrictions | $300 |
| Net assets with donor restrictions | $134,234 |
| 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 | $375,575 |