Dyslexia Institute Of Minnesota Inc
- Assets
- $5.2m
- Revenue
- $1.7m
- Investments
- $0.0
- Employees
- 51
- Location
- Rochester, MN
- Founding
- 09/1989
- Data as of
- 12/2023
- EIN
- 41-1633734
Organization Overview
Dyslexia Institute Of Minnesota Inc, operating under the name The Reading Center, is located in Rochester, MN. The organization was established in 1989. 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, Reading Center employed 51 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Reading Center 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, Reading Center generated $1.7m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (6.4%) each year. All expenses for the organization totaled $1.9m during the year ending 12/2023. 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
THE READING CENTER IS A NONPROFIT EDUCATIONAL ORGANIZATION THAT TEACHES CHILDREN AND INDIVIDUALS WITH DYSLEXIA HOW TO READ, WRITE, AND SPELL USING THE ORTON GILLINGHAM APPROACH, WHICH ALIGNS WITH THE SCIENCE OF READING
Describe the Organization's Program Activity:
Part 3 - Line 4a
ORTON GILLINGHAM THERAPY: 14,389 SESSIONS OF OG TUTORING FOR 303 STUDENTS WERE PROVIDED TO INCREASE THE STUDENTS' READING ABILITIES. THE READING CENTER CONDUCTED 124 NATIONALLY NORMED EDUCATIONAL EVALUATIONS AND 30 FREE READING READINESS SCREENINGS FOR STUDENTS WHO ARE STRUGGLING IN READING, PROVIDING NEEDED INSIGHT INTO THE NATURE OF THE READING DIFFICULTY. 128 POST-TESTS FOR CURRENT 1:1 TUTORING STUDENTS WERE CONDUCTED, DEMONSTRATING THE PROGRESS OF THEIR READING INTERVENTIONS. $59,296 IN SCHOLARSHIPS FOR TUTORING AND TESTING WAS PROVIDED TO 12% OF STUDENTS IN NEED OF THE READING CENTER EXPERT EVALUATION AND INSTRUCTION.
OUTREACH: 61 STRUGGLING READERS FROM 5 LOW-INCOME PARTNERSHIP SCHOOLS IN ROCHESTER AND THE TWIN CITIES RECEIVED 1,050 SESSIONS OF EXPERT O-G INSTRUCTION FROM READING CENTER TUTORS ONSITE AT THE SCHOOLS THROUGHOUT THE SCHOOL YEAR, AT NO COST TO THE PARENTS OR SCHOOLS. A TOTAL OF $94,417 IN SCHOLARSHIP FUNDED SERVICES WERE PROVIDED FOR PARTNERSHIP TUTORING STUDENTS. 88 STUDENTS FROM PARTNERSHIP SCHOOLS WERE TESTED FOR READING DIFFICULTIES. AN ADDITIONAL 161 LOW-INCOME STRUGGLING READERS WERE SERVED INDIRECTLY THROUGH TRAINING PARTNERSHIPS. 1,807 PARENTS AND OTHERS ATTENDED 22 OUTREACH PRESENTATIONS TO LEARN ABOUT DYSLEXIA.
SPECIALIZED CLASSES, INCLUDING BEST OF BASICS SUMMER PROGRAM : 44 STUDENTS WERE ENROLLED IN CLASSES WHERE CHILDREN ENGAGED THEIR MINDS EVERYDAY FOR A MONTH IN ORDER TO REINFORCE THE SKILLS THEY NEED FOR SUCCESS DURING THE SCHOOL YEAR. SIX ADDITIONAL MIDDLE AND HIGH SCHOOL AGED STUDENTS BENEFITTED FROM STUDY SKILLS CLASSES, AND 5 K-1ST GRADE STUDENTS LEARNED CRITICAL PRE-READING SKILLS IN PARENT/CHILD READING CLUBS, HELPING THEM TO ENTER GRADE SCHOOL READY TO READ.
EDUCATOR TRAINING : 40 EDUCATORS AND PARENTS LEARNED THE ORTON-GILLINGHAM (OG) APPROACH IN THE READING CENTER'S BASIC AND ADVANCED O-G INSTITUTES, ACCREDITED BY THE ORTON-GILLINGHAM ACADEMY. $17,930 IN TRAINING SCHOLARSHIP WAS GRANTED.978 EDUCATORS RECEIVED FREE ONLINE TRAINING CONSISTENT WITH THE SCIENCE OF READING AND THESE TEACHERS SERVED 30,318 STUDENTS STATEWIDE. THESE COURSES WERE PROVIDED FREE OF CHARGE TO MN EDUCATORS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ilaya Rome Hopkins Past Chair | OfficerTrustee | 1 | $0 |
Joel Traver Ed D Vice Chair | OfficerTrustee | 1 | $0 |
Leo Stern Board Member | Trustee | 0.5 | $0 |
Marcia Henry PHD Founding Board Member | Trustee | 0.5 | $0 |
Elaine Bauman Board Member | Trustee | 0.5 | $0 |
Marla Burkhart Treasurer | OfficerTrustee | 1 | $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 | $622,265 |
| Noncash contributions included in lines 1a–1f | $978 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $622,265 |
| Total Program Service Revenue | $1,050,655 |
| Investment income | $12,587 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $9,370 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,706,393 |
| 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. | $105,000 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $570,341 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $41,526 |
| Payroll taxes | $72,880 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $21,971 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $377,594 |
| Advertising and promotion | $29,181 |
| Office expenses | $46,187 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $32,115 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $14,942 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $132,794 |
| Insurance | $18,178 |
| All other expenses | $52,022 |
| Total functional expenses | $1,911,703 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $506,669 |
| Savings and temporary cash investments | $488,839 |
| Pledges and grants receivable | $118,500 |
| Accounts receivable, net | $57,198 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $336 |
| Prepaid expenses and deferred charges | $21,921 |
| Net Land, buildings, and equipment | $3,455,069 |
| Investments—publicly traded securities | $468,745 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $33,989 |
| Total assets | $5,151,266 |
| Accounts payable and accrued expenses | $29,897 |
| Grants payable | $0 |
| Deferred revenue | $22,006 |
| 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 | $80,513 |
| Total liabilities | $132,416 |
| Net assets without donor restrictions | $4,550,665 |
| Net assets with donor restrictions | $468,185 |
| 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 | $5,151,266 |