Read To Me Project
- Assets
- $560.5k
- Revenue
- $524.6k
- Investments
- $0.0
- Employees
- 11
- Location
- Salinas, CA
- Founding
- 09/2014
- Data as of
- 06/2022
- EIN
- 47-1224251
Organization Overview
Read To Me Project is located in Salinas, CA. The organization was established in 2014. According to its NTEE Classification (B90) the organization is classified as: Educational Services, under the broad grouping of Education and related organizations. As of 06/2022, Read To ME Project employed 11 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Read To ME Project 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, Read To ME Project generated $524.6k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 16.1% each year . All expenses for the organization totaled $386.1k during the year ending 06/2022. While expenses have increased by 13.0% 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
THE READ TO ME PROJECT HELPS UNDERSERVED CHILDREN ACHIEVE KINDERGARTEN READINESS & A LIFETIME OF LITERACY BY EMPOWERING SCHOOL-AGE CHILDREN TO READ TO THEIR YOUNG SIBLINGS AT HOME. WE RAISE PUBLIC AWARENESS OF THE IMPORTANCE OF LANGUAGE & PRE-READING IN THE FIRST 5 YEARS OF LIFE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDED BOOKS AND INSTRUCTION FOR 870 ELEMENTARY STUDENTS IN LOW INCOME SCHOOLS IN MONTEREY COUNTY TO READ TO APPROXIMATELY 996 YOUNGER SIBLINGS AT HOME. 1248 ADDITIONAL STUDENTS (THOSE WITHOUT LITTLE ONES AT HOME) PARTICIPATED IN THE CLASSROOM SESSIONS LEARNING ABOUT BRAIN DEVELOPMENT IN SMALL CHILDREN AND BETER READING TECHNIQUES. 259 ADULTS PARTICIPATED IN OUR ONLINE PARENT EDUCATION CLASSES AND 108 PREGNANT AND PARENTING TEENS ATTENDED IN PERSON CLASSES. THESE CLASSES TEACH THE IMPORTANCE OF LANGUAGE DEVELOPMENT AND PRE-READING SKILLS DURING A CHILDS FIRST FIVE YEARS OF LIFE.COLLECTED DONATIONS OF NEARLY 1200 NEW AND GENTLY USED CHILDRENS BOOKS WHICH WERE DISTRIBUTED TO THE READ TO ME PROJECT STUDENTS AS GIFTS DURING THE HOLIDAYS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Libby Mcmahan Executive Director | Officer | 40 | $75,000 |
Juan Pablo Lopez Directorsecretary | OfficerTrustee | 1 | $0 |
Cynthia Hertlein Directortreasurer | OfficerTrustee | 3 | $0 |
Jennifer Ortega Uribe Directorpresident | OfficerTrustee | 1 | $0 |
Blake Doherty Director | Trustee | 1 | $0 |
Cassandra Bridge Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $72,682 |
| All other contributions, gifts, grants, and similar amounts not included above | $375,969 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $448,651 |
| Total Program Service Revenue | $74,264 |
| Investment income | $1,140 |
| 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 | $524,585 |
| 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. | $84,509 |
| Compensation of current officers, directors, key employees. | $37,389 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $218,014 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $4,817 |
| Payroll taxes | $28,153 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $4,266 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $264 |
| Office expenses | $3,528 |
| Information technology | $2,824 |
| Royalties | $0 |
| Occupancy | $17,952 |
| Travel | $3,752 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $2,806 |
| All other expenses | $991 |
| Total functional expenses | $386,120 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $445,579 |
| Savings and temporary cash investments | $100,007 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $14,912 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $560,498 |
| Accounts payable and accrued expenses | $26,380 |
| 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 | $0 |
| Total liabilities | $26,380 |
| Net assets without donor restrictions | $375,118 |
| Net assets with donor restrictions | $159,000 |
| 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 | $560,498 |
Grants Recieved
Over the last fiscal year, we have identified 4 grants that Read To Me Project has recieved totaling $18,034.
| Awarding Organization | Amount |
|---|---|
Pebble Beach Company Foundation Pebble Beach, CA PURPOSE: General Support | $8,500 |
Dollar General Literacy Foundation Goodlettsville, TN PURPOSE: FAMILY LITERACY | $7,000 |
Mufg Union Bank Foundation Ag Phoenix, AZ PURPOSE: CHARITABLE | $2,500 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $34 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Magnolia Educational & Research Foundation Los Angeles, CA | $67,129,472 | $66,230,945 |
Panda Cares Foundation Inc Las Vegas, NV | $37,372,072 | $45,451,718 |
Xq Institute Oakland, CA | $14,589,368 | $51,717,404 |
Room To Read San Francisco, CA | $51,354,748 | $61,954,261 |
South Bay Workforce Investment Board Inc Hawthorne, CA | $7,623,488 | $36,083,167 |
Compass Charter Schools Thousand Oaks, CA | $14,467,036 | $29,961,787 |
New Teacher Center Santa Cruz, CA | $27,814,525 | $27,076,985 |
Alpha Public Schools Inc San Jose, CA | $20,794,542 | $26,321,038 |
Give To Learn To Grow Foundation Culver City, CA | $40,470 | $188,892 |
Live Oak A Learning Center For Children San Francisco, CA | $40,489,721 | $19,594,406 |
Biocomx Dana Point, CA | $308,692 | $15,969,949 |
Open Up Resources Menlo Park, CA | $29,661,554 | $16,279,319 |