Read Foundation Inc
- Assets
- $663.7k
- Revenue
- $147.6k
- Investments
- $350.5k
- Employees
- 0
- Location
- Milwaukee, WI
- Founding
- 08/1997
- Data as of
- 12/2022
- EIN
- 39-1892801
Organization Overview
Read Foundation Inc is located in Milwaukee, WI. The organization was established in 1997. According to its NTEE Classification (T22) the organization is classified as: Private Independent Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Read Foundation 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 12/2022, Read Foundation Inc generated $147.6k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 46.2% each year . All expenses for the organization totaled $116.8k during the year ending 12/2022. While expenses have increased by 10.9% per year over the past 7 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.
Since 2016, Read Foundation Inc has awarded 184 individual grants totaling $1,101,127. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Alice E Read President/director | 0 | $0 | |
V Ross Read III Treasurer/director | 0 | $0 | |
Gina Mittnacht Secretary | 0 | $0 | |
Alexander R Read Director | 0 | $0 | |
Thomas Merrill Read Vice President/director | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $21,810 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $125,745 |
| Capital Gain Net Income | $125,745 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $147,555 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $463 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $27 |
| Total operating and administrative expenses | $8,624 |
| Contributions, gifts, grants paid | $108,200 |
| Total expenses and disbursements | $116,824 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $313,185 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $663,673 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
Grants Awarded
Over the last fiscal year, Read Foundation Inc has awarded $108,200 in support to 21 organizations.
| Grant Recipient | Amount |
|---|---|
BAT CONSERVATION INTERNATIONAL PURPOSE: GENERAL PURPOSE | $20,000 |
CASA ADVOCATES FOR CHILDREN PURPOSE: GENERAL PURPOSE | $1,000 |
CENTRAL CITY OPERA PURPOSE: GENERAL PURPOSE | $4,000 |
COLORADO BALLET PURPOSE: GENERAL PURPOSE | $5,000 |
DENVER CENTER FOR THE PERFORMING ARTS PURPOSE: GENERAL PURPOSE | $2,000 |
GIRL SCOUTS OF WISCONSIN SE PURPOSE: GENERAL PURPOSE | $8,000 |