Ready Readers
- Assets
- $1.6m
- Revenue
- $1.6m
- Investments
- $0.0
- Employees
- 11
- Location
- St Louis, MO
- Founding
- 06/1999
- Data as of
- 06/2022
- EIN
- 43-1841631
Organization Overview
Ready Readers is located in St Louis, MO. The organization was established in 1999. 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 06/2022, Ready Readers employed 11 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Ready Readers 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, Ready Readers generated $1.6m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 12.4% each year . All expenses for the organization totaled $1.3m during the year ending 06/2022. While expenses have increased by 13.2% 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
PREPARES LOW-INCOME, YOUNG CHILDREN TO BE READY TO READ UPON ENTERING KINDERGARTEN.
Describe the Organization's Program Activity:
Part 3 - Line 4a
READY READERS SHARED THE JOY AND POWER OF LITERACY WITH MORE THAN 13,400 CHILDREN IN LOW-INCOME COMMUNITIES IN THE ST. LOUIS REGION DURING THE 2021-22 SCHOOL YEAR. WORKING WITH 1,018 CLASSROOMS, STAFF AND MORE THAN 200 VOLUNTEERS ENGAGED CHILDREN IN EARLY LITERACY PROGRAMMING DESIGNED TO BUILD AND STRENGTHEN EARLY LITERACY FOUNDATIONS, CONNECT WITH CHILDREN IN VALUABLE DISCUSSION EXPERIENCES, AND DEVELOP STRONG, TRUSTING RELATIONSHIPS WITH TRAUMA-INFORMED ADULTS. WE ALSO DISTRIBUTED MORE THAN 100,000 HIGH-QUALITY, NEW BOOKS TO CHILDREN, TEACHERS, AND FAMILIES.(SEE SCH O FOR ADDITIONAL INFORMATION)THE READY READERS PROGRAM SERVES SITES/SCHOOLS WHERE AT LEAST 70% OF THEIR STUDENTS/FAMILIES ARE ELIGIBLE FOR FEDERAL FREE AND REDUCED LUNCH BENEFITS.DURING 2021-22, THE INEQUITIES OF OUR EDUCATION SYSTEM CONTINUED TO BE MORE OBVIOUS THAN EVER BEFORE, AS CHILDREN, FAMILIES, AND TEACHERS EXPERIENCED THE TRAUMA OF THE PANDEMIC AND LOSS OF LEARNING THAT OCCURRED. READY READERS FOUND NEW WAYS TO MEET THE NEEDS IN OUR COMMUNITY THROUGH EXPANDING OUR DELIVERY MODELS TO ALLOW GREATER FLEXIBILITY AND PARTICIPATION IN THE READY READERS PROGRAM. READY READERS ALSO CONTINUED TO FIND ADDITIONAL WAYS TO SUPPORT CLASSROOM TEACHERS AND EXTEND LEARNING, SUCH AS: 1) REACHING 15 KINDERGARTEN CLASSROOMS WITH A PILOT PROGRAM2) DISTRIBUTING 750 TEACHER BINDERS WITH CURRICULUM MATERIALS3) DEVELOPING A PILOT TO SERVE HOME CHILDCARE PROVIDERS WITH LITERACY SUPPORTS, READ-ALOUD SESSIONS, AND TAKE-HOME BOOKS FOR CHILDREN4) DISTRIBUTING 500 STEAM-BASED SUNFLOWER SEED KITS ALONG WITH A BOOK ABOUT GROWING SUNFLOWERS FOR CLASSROOMS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Angela Sears Spittal Executive Director | Officer | 60 | $81,113 |
Paul Schnabel President | OfficerTrustee | 4 | $0 |
Holly Kasnetz Vice President, Governance | OfficerTrustee | 2 | $0 |
Brian Matlock V.P. Finance/treasurer | OfficerTrustee | 2 | $0 |
Clarissa Ross Vice President, Program | OfficerTrustee | 2 | $0 |
Julie Beattie Vice President, Development | OfficerTrustee | 3 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $51,292 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,526,498 |
| Noncash contributions included in lines 1a–1f | $88,667 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,577,790 |
| Total Program Service Revenue | $0 |
| Investment income | $6,341 |
| 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 | $1,585,720 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $69,713 |
| Grants and other assistance to domestic individuals. | $239,627 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $83,081 |
| Compensation of current officers, directors, key employees. | $16,616 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $362,894 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $33,682 |
| Payroll taxes | $40,816 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $2,214 |
| Fees for services: Accounting | $45,379 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $59,747 |
| Fees for services: Investment Management | $3,221 |
| Fees for services: Other | $2,573 |
| Advertising and promotion | $93,087 |
| Office expenses | $78,837 |
| Information technology | $43,487 |
| Royalties | $0 |
| Occupancy | $70,176 |
| Travel | $742 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $26,313 |
| Interest | $472 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $2,541 |
| Insurance | $15,110 |
| All other expenses | $0 |
| Total functional expenses | $1,313,885 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $925,590 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $125,644 |
| 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 | $124,577 |
| Prepaid expenses and deferred charges | $15,120 |
| Net Land, buildings, and equipment | $17,517 |
| Investments—publicly traded securities | $328,707 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $44,430 |
| Total assets | $1,581,585 |
| Accounts payable and accrued expenses | $94,960 |
| 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 | $44,430 |
| Total liabilities | $139,390 |
| Net assets without donor restrictions | $1,279,209 |
| Net assets with donor restrictions | $162,986 |
| 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 | $1,581,585 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Ready Readers has recieved totaling $175.
| Awarding Organization | Amount |
|---|---|
Rotter Family Foundation Inc Madison, WI PURPOSE: GENERAL CONTRIBUTION | $175 |
Endowment Analysis
| Beg. Balance | $365,918 |
| Earnings | -$37,211 |
| Ending Balance | $328,707 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Dollar General Literacy Foundation Goodlettsville, TN | $59,000,845 | $19,656,631 |
Governors Early Literacy Foundation Nashville, TN | $11,541,764 | $13,046,158 |
National Center For Families Learning Inc Louisville, KY | $16,159,024 | $7,570,588 |
Great Books Foundation Chicago, IL | $3,063,168 | $3,289,304 |
Turnk The Page Kc Inc Kansas City, MO | $555,932 | $3,146,244 |
Preston Taylor Ministries Nashville, TN | $1,787,100 | $1,982,481 |
Phillips Fundamental Learning Center Inc Wichita, KS | $2,489,354 | $2,705,751 |
Ready Readers St Louis, MO | $1,581,585 | $1,585,720 |
Success By 6 Coalition Of Douglas County Lawrence, KS | $182,877 | $1,222,977 |
Chicago Citywide Literacy Coalition Chicago, IL | $1,103,489 | $1,225,090 |
Carnegie Literacy Center Inc Lexington, KY | $1,003,564 | $1,222,449 |
Book Em Nashville, TN | $633,279 | $1,103,877 |