Reading Opens Minds
- Assets
- $7.4k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Studio City, CA
- Founding
- Data as of
- 06/2017
- EIN
- 46-3640574
Organization Overview
Reading Opens Minds is located in Studio City, CA. Reading Opens Minds 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 06/2017, Reading Opens Minds generated $51.5k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 2 years, the organization has seen revenues fall by an average of (5.3%) each year. All expenses for the organization totaled $61.4k during the year ending 06/2017. 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
ROM CONTINUES TO STRENGTHEN OUR RELATIONSHIPS WITH OUR MIDDLE AND HIGH SCHOOL STUDENTS, SOME OF WHOM WE HAVE SERVED FOR 4 AND 5 YEARS, AND WHO REMAIN DEDICATED AND ENTHUSIASTIC ABOUT THE PROGRAM. THIS YEAR IN ADDITION TO THE BOOK CLUBS, ROM RECORDED AND PUBLISHED THE REAL WORD PODCAST IN COLLABORATION WITH LA REVIEW OF BOOKS, FOCUSING ON ONE OF OUR HIGH SCHOOL BOOK CLUBS AT SUN VALLEY MAGNET HIGH SCHOOL. EIGHT EPISODES WERE RECORDED AND PRODUCED AND PUBLISHED ON THE LA REVIEW OF BOOKS WEBSITE. THE SUN VALLEY MAGNET HIGH SCHOOL KIDS WERE ABLE TO SHARE THE BOOK CLUB EXPERIENCE WITH OVER 2000 LISTENERS. .WE HAVE LAUNCHED OUR FIFTH YEAR WITH THE LGBT CENTER OF LOS ANGELES SERVING THEIR SENIOR CITIZENS AND WE ARE IN THE MIDST OF OUR FOURTH YEAR WITH HOMEBOY INDUSTRIES. ROM GIVES AWAY AN AVERAGE OF 100 - 150 NEW BOOKS PER MONTH TO INDIVIDUALS IN LOW-INCOME AND AT RISK COMMUNITIES. .ROM TRAINED AND PLACED 15 NEW COMMITTED VOLUNTEERS DURING THIS FISCAL YEAR, WHERE THE COMMITMENT IS AT LEAST 8 MONTHS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Lauren Lovett Founder And Executive Dire | 40 | $17,632 | |
David Aaronson Director, President | 4 | $0 | |
Michael Paul Director, Treasurer | 1 | $0 | |
Ronni Ephraim Director, Secretary | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $49,965 |
| Total Program Service Revenue | $1,498 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $60 |
| Total Revenue | $51,523 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $25,424 |
| Professional fees and other payments to independent contractors | $6,301 |
| Occupancy, rent, utilities, and maintenance | $2,765 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $17,870 |
| Total expenses | $61,360 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $7,405 |
| Other assets | $0 |
| Total assets | $7,405 |
| Total liabilities | $1,570 |
| Net assets or fund balances | $5,835 |