Reading & Math Inc
- Assets
- $4.7m
- Revenue
- $50.2m
- Investments
- $0.0
- Employees
- 3,219
- Location
- Minneapolis, MN
- Founding
- 08/2015
- Data as of
- 07/2022
- EIN
- 47-2306902
Organization Overview
Reading & Math Inc, operating under the name Ampact, is located in Minneapolis, MN. The organization was established in 2015. 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 07/2022, Ampact employed 3,219 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Ampact 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 07/2022, Ampact generated $50.2m in total revenue. All expenses for the organization totaled $49.2m during the year ending 07/2022.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO TRANSFORM LIVES WHILE WORKING TO ENGAGE PEOPLE IN NATIONAL SERVICE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
EDUCATION PROGRAMS READING CORPS AND MATH CORPS ARE HIGH-DOSAGE TUTORING PROGRAMS DESIGNED TO HELP STUDENTS DEVELOP READING AND MATH PROFICIENCY. THESE NATIONAL PROGRAMS TRAIN AMERICORPS MEMBERS TO DELIVER EVIDENCE-BASED LITERACY AND MATH INTERVENTIONS TO STUDENTS IN PRE-KINDERGARTEN - 8TH GRADE. RIGOROUS THIRD-PARTY RESEARCH SHOWS THAT STUDENTS WHO RECEIVE TUTORING FROM READING CORPS OR MATH CORPS MAKE GREATER GAINS AND FASTER PROGRESS THAN THEIR PEERS WHO DO NOT RECEIVE TUTORING. BOTH COST-EFFECTIVE AND SCALABLE, THE PROGRAMS SERVED 42,959 STUDENTS IN 14 STATES DURING THE 2021-22 PROGRAM YEAR.
HEALTHY FUTURES PROGRAMS - FOCUS ON STRENGTHENING COMMUNITIES AND IMPROVING OUTCOMES. WHETHER WORKING TO HELP PEOPLE ACCESS LIVING WAGE JOBS, MAKING RECOVERY FROM SUBSTANCE USE DISORDERS POSSIBLE, ASSISTING THOSE EXPERIENCING HOUSING INSECURITY OR PROVIDING SUPPORTIVE SERVICES FOR AFGHAN EVACUEES BEGINNING NEW LIVES IN MINNESOTA, AMERICORPS MEMBERS SERVING WITH HEALTHY FUTURES MAKE AN INCREDIBLE IMPACT. DURING THE 2021-22 PROGRAM YEAR, OFFERINGS INCLUDED OPPORTUNITY CORPS, RECOVERY CORPS, HEADING HOME CORPS AND THE REFUGEE RESPONSE INITIATIVE. TOGETHER, MEMBERS SUPPORTED 3,234 INDIVIDUALS LOCATED IN MINNESOTA AND ILLINOIS.
ENVIRONMENTAL PROGRAMS CLIMATE IMPACT CORPS HELPS COMMUNITIES PREPARE FOR AND MITIGATE CLIMATE CHANGE IN MINNESOTA. DURING THE 2021-22 PROGRAM YEAR, MEMBERS SERVED AT 20 PARTNER SITES THROUGH COMMUNITY FORESTRY CORPS AND HOME ENERGY CORPS. AS PART OF CLIMATE IMPACT CORPS, MEMBERS FOCUSED ON PRESERVING AND EXPANDING THE STATE'S TREE CANOPY AND HELPING HOUSEHOLDS REDUCE THEIR HOME ENERGY COSTS. IN TOTAL MEMBERS INVENTORIED AND PLANTED 31,484 TREES, COMPLETED 265 HOME ENERGY AUDITS AND 1,036 SOLAR ASSESSMENTS.
READING & MATH, INC. PROVIDES TECHNICAL ASSISTANCE FOR THE DELIVERY OF READING CORPS AND MATH CORPS TO NATIONAL REPLICATION PARTNERS, ENSURING THE MODEL IS IMPLEMENTED CONSISTENTLY AND WITH FIDELITY ACROSS THE COUNTRY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Sadie O'connor Managing Director | Officer | 40 | $119,148 |
Valerie Mccullough COO | 40 | $110,631 | |
Len Roering Controller | Officer | 40 | $87,537 |
Bob Rumpza Board Chair | OfficerTrustee | 2 | $0 |
Kim Plahn Treasurer | OfficerTrustee | 1 | $0 |
Mary Kurth Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $47,394,239 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,283,293 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $48,677,532 |
| Total Program Service Revenue | $1,490,729 |
| Investment income | $1,212 |
| 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 | $50,180,193 |
| 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. | $252,633 |
| Compensation of current officers, directors, key employees. | $251,373 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $11,695,977 |
| Pension plan accruals and contributions | $203,563 |
| Other employee benefits | $1,104,848 |
| Payroll taxes | $1,089,881 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $166,619 |
| Fees for services: Accounting | $37,050 |
| Fees for services: Lobbying | $36,000 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $1,927,967 |
| Advertising and promotion | $889,143 |
| Office expenses | $596,409 |
| Information technology | $1,162,928 |
| Royalties | $0 |
| Occupancy | $729,806 |
| Travel | $244,281 |
| 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 | $32,291 |
| Insurance | $99,837 |
| All other expenses | $529,323 |
| Total functional expenses | $49,209,170 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $104,633 |
| Savings and temporary cash investments | $1,005,447 |
| Pledges and grants receivable | $3,135,000 |
| Accounts receivable, net | $218,500 |
| 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 | $80,539 |
| Net Land, buildings, and equipment | $142,016 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $22,983 |
| Total assets | $4,709,118 |
| Accounts payable and accrued expenses | $1,591,675 |
| Grants payable | $0 |
| Deferred revenue | $5,000 |
| 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 | $1,596,675 |
| Net assets without donor restrictions | $744,796 |
| Net assets with donor restrictions | $2,367,647 |
| 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 | $4,709,118 |
Grants Recieved
Over the last fiscal year, we have identified 5 grants that Reading & Math Inc has recieved totaling $142,629.
| Awarding Organization | Amount |
|---|---|
Silicon Valley Community Foundation Mountain View, CA PURPOSE: Education | $51,251 |
Racine Community Foundation Inc Racine, WI PURPOSE: FOR THE RUSD EVIDENCE-BASED TUTORING PROGRAM | $45,000 |
Reinvent Stockton Foundation Stockton, CA PURPOSE: UNRESTRICTED/ GENERAL OPERATING | $43,750 |
Kohler Foundation Inc Kohler, WI PURPOSE: SUSTAINING WISCONSIN READING CORPS AT JACKSON ELEMENTARY | $2,500 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $128 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Reading & Math Inc Minneapolis, MN | $4,709,118 | $50,180,193 |
Literacy Minnesota St Paul, MN | $3,639,375 | $5,962,310 |
Children And Nature Network Saint Paul, MN | $9,265,394 | $2,175,019 |
La Crosse Medical Health Science Consortium Inc La Crosse, WI | $13,920,244 | $1,509,206 |
Wisconsin Literacy Inc Madison, WI | $355,424 | $1,313,626 |
Literacy Network Inc Madison, WI | $4,205,047 | $2,002,520 |
Network For The Development Of Children Of African Descent Minneapolis, MN | $796,449 | $705,257 |
Wisconsin Institute For Learning Disabilites Dyslexia Inc Dodgeville, WI | $561,057 | $518,567 |
Dyslexia Reading Connection Inc Appleton, WI | $165,786 | $439,184 |
826 Msp Minneapolis, MN | $345,375 | $529,305 |
Wisconsin State Reading Association Inc Sussex, WI | $722,119 | $127,183 |
Literacy Leadership Inc Davenport, IA | $122,608 | $181,671 |