Ar Kids Read
- Assets
- $339.8k
- Revenue
- $481.6k
- Investments
- $0.0
- Employees
- 5
- Location
- Little Rock, AR
- Founding
- 02/2013
- Data as of
- 06/2023
- EIN
- 46-1477513
Organization Overview
Ar Kids Read is located in Little Rock, AR. The organization was established in 2013. According to its NTEE Classification (O50) the organization is classified as: Youth Development Programs, under the broad grouping of Youth Development and related organizations. As of 06/2023, AR Kids Read employed 5 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. AR Kids 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, AR Kids Read generated $481.6k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 6.4% each year. All expenses for the organization totaled $367.7k during the year ending 06/2023. While expenses have increased by 7.1% per year over the past 8 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
THE ORGANIZATION IS A COMMUNITY VOLUNTEER-BASED PROGRAM DESIGNED TO PROVIDE STRUGGLING READERS AND THEIR FAMILIES WITH ACCESS TO TRAINED TUTORS WHO DONATE TIME ON A REGULAR BASIS. THE FOCUS OF THESE VOLUNTEER TUTORS IS CHILDREN WHO NEED TO IMPROVE BASIC LITERACY LANGUAGE SKILLS TO PROFICIENTLY READ AT GRADE LEVEL. KEY COMPONENTS OF THE AR KIDS READ TUTOR PROGRAM ARE: STUDENT RELATIONSHIP-BASED; LOW TUTOR-TO-STUDENT RATIO, MENTOR COMMITMENT (FOR AT LEAST ONE SEMESTER), READING LEVEL-BASED CURRICULUM, AND EFFECTIVE PROGRAM COORDINATION, TUTOR TRAINING, AND SUPPORT. THE ORGANIZATION ALSO WORKS TO BUILD PARTNERSHIPS WITH AGENCIES AND ORGANIZATIONS TO INCREASE AWARENESS OF CHILDREN'S LITERACY ISSUES, PROMOTE THE AVAILABILITY OF READING SUPPORT SERVICES, AND REACH POTENTIAL STUDENTS AND VOLUNTEER TUTORS. AR KIDS READ WORKS TO RECRUIT, TRAIN AND PROVIDE TUTORS TO PARTICIPATING SCHOOL DISTRICTS, NON-PROFITS, CHURCHES AND OTHER AGENCIES TO HELP CHILDREN READ AT GRADE LEVEL.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDED VOLUNTEER TUTORS TO HELP CHILDREN IMPROVE BASIC LITERACY LANGUAGE SKILLS TO PROFICIENTLY READ AT GRADE LEVEL.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Andy Bingham Board Member | Trustee | 1 | $0 |
Sharon Heflin Board Member | Trustee | 1 | $0 |
Kedrick Jones Board Member | Trustee | 1 | $0 |
Ben Keller Board Member | Trustee | 1 | $0 |
Brenda Leger Board Member | Trustee | 1 | $0 |
Erin Hawley Newbolt Board Member | Trustee | 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 | $403,931 |
| Noncash contributions included in lines 1a–1f | $25,205 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $403,931 |
| Total Program Service Revenue | $77,619 |
| Investment income | $0 |
| 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 | $481,595 |
| 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. | $83,466 |
| Compensation of current officers, directors, key employees. | $16,082 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $129,348 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $10,027 |
| Payroll taxes | $16,394 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $15,661 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $1,858 |
| Advertising and promotion | $2,550 |
| Office expenses | $4,158 |
| Information technology | $7,511 |
| Royalties | $0 |
| Occupancy | $596 |
| Travel | $900 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $57 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $3,282 |
| All other expenses | $11,158 |
| Total functional expenses | $367,737 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $265,322 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $23,900 |
| 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 | $26,955 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $6,098 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $17,550 |
| Total assets | $339,825 |
| Accounts payable and accrued expenses | $3,726 |
| Grants payable | $0 |
| Deferred revenue | $9,950 |
| 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 | $0 |
| Total liabilities | $13,676 |
| Net assets without donor restrictions | $326,149 |
| Net assets with donor restrictions | $0 |
| 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 | $339,825 |