The Reading Foundation
- Assets
- $7.4k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Middlesboro, KY
- Founding
- 07/2001
- Data as of
- 12/2017
- EIN
- 46-2122753
Organization Overview
The Reading Foundation is located in Middlesboro, KY. The organization was established in 2001. This organization is a subordinate organization within an affiliated group for tax-exemption purposes. Reading Foundation 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 12/2017, Reading Foundation generated $4.6k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 3 years, the organization has seen revenues fall by an average of (53.7%) each year. All expenses for the organization totaled $5.0k during the year ending 12/2017. As we would expect to see with falling revenues, expenses have declined by (52.2%) per year over the past 3 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2017
Describe the Organization's Program Activity:
Part 3
ENCOURAGE AND EDUCATE FAMILIES ABOUT THEIR IMPORTANT ROLE IN RAISING A READER ASSIST PARENTS PREPARING THEIR CHILD TO ENTER KINDERGARTEN
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Sheila Durham Secretary | 2 | $0 | |
Sue England Treasurer | 2 | $0 | |
Mitch Bailey President | 2 | $0 | |
Rick Mason Vice President | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $4,600 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $4,600 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $400 |
| Occupancy, rent, utilities, and maintenance | $709 |
| Printing, publications, postage, and shipping | $1,433 |
| Other expenses | $2,419 |
| Total expenses | $4,961 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $7,369 |
| Other assets | $0 |
| Total assets | $7,369 |
| Total liabilities | $0 |
| Net assets or fund balances | $7,369 |
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