Reading & Math Inc
- Assets
- $8.0m
- Revenue
- $66.0m
- Investments
- $0.0
- Employees
- 3,376
- Location
- Minneapolis, MN
- Founding
- 08/2015
- Data as of
- 07/2023
- 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 07/2023, Ampact employed 3,376 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 07/2023, Ampact generated $66.0m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 13.5% each year . All expenses for the organization totaled $65.5m during the year ending 07/2023. While expenses have increased by 13.5% 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
2023
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, MATH CORPS AND EARLY LEARNING 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 FOUND STRONG EVIDENCE THAT STUDENTS WHO RECEIVE TUTORING FROM READING CORPS, MATH CORPS AND EARLY LEARNING CORPS MAKE GREATER GAINS AND FASTER PROGRESS THAN THEIR PEERS WHO DO NOT RECEIVE TUTORING. DELIVERING HIGH-IMPACT TUTORING WITH THIS COST-EFFECTIVE AND SCALABLE MODEL, THESE PROVEN PROGRAMS SERVED 50,808 STUDENTS DURING THE 2022-23 PROGRAM YEAR.
READING & MATH, INC. PROVIDES TECHNICAL ASSISTANCE FOR THE DELIVERY OF READING CORPS, MATH CORPS AND EARLY LEARNING CORPS TO NATIONAL REPLICATION PARTNERS, ENSURING THE PROVEN MODEL IS IMPLEMENTED CONSISTENTLY AND WITH FIDELITY ACROSS THE COUNTRY TO ACHIEVE HIGH IMPACT RESULTS.
HEALTHY FUTURES PROGRAMS - FOCUS ON STRENGTHENING COMMUNITIES AND IMPROVING FUTURE OUTCOMES. WHETHER FOCUSED ON SUPPORTING EFFORTS TO ADDRESS SUBSTANCE USE DISORDERS, HOUSING INSECURITY, REFUGEE RESETTLEMENT, PUBLIC HEALTH OR KEEPING MULTI-LINGUAL STUDENTS ENGAGED AND ON-TRACK TO GRADUATE, AMERICORPS MEMBERS SERVING WITH HEALTHY FUTURES PROGRAMS MAKE AN INCREDIBLE IMPACT. DURING THE 2022-23 PROGRAM YEAR, OFFERINGS INCLUDED RECOVERY CORPS, HEADING HOME CORPS, RESETTLEMENT CORPS, PUBLIC HEALTH CORPS AND LANGUAGE CORPS. TOGETHER, MEMBERS SUPPORTED 5,689 INDIVIDUALS AND PROVIDED CRITICAL CAPACITY BUILDING SERVICES FOR 64 ORGANIZATIONS LOCATED IN MINNESOTA, ILLINOIS, AND VIRGINIA.
ENVIRONMENTAL PROGRAMS - CLIMATE IMPACT CORPS HELPS COMMUNITIES PREPARE FOR AND MITIGATE CLIMATE CHANGE IN MINNESOTA. DURING THE 2022-23 PROGRAM YEAR, MEMBERS SERVED AT 51 PARTNER SITES. 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 AND HELPING COMMUNITIES BUILD CLIMATE RESILIANCY. IN TOTAL MEMBERS MANAGED 102,319 TREES, COMPLETED 157 HOME ENERGY AUDITS, PROVIDED ENVIRONMENTAL STEWARDSHIP EDUCATION TO 221 PEOPLE, AND MOBILIZED 3,238 VOLUNTEERS.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Robert Rumpza Board Chair | OfficerTrustee | 2 | $0 |
Kim Plahn Treasurer | OfficerTrustee | 1 | $0 |
Mary Beth Brody Director | Trustee | 1 | $0 |
Kate Kelly Director | Trustee | 1 | $0 |
Mary Kurth Director | Trustee | 1 | $0 |
David Mckoskey Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $62,469,940 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,332,460 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $63,802,400 |
| Total Program Service Revenue | $2,123,208 |
| Investment income | $22,228 |
| 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 | $65,962,045 |
| 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. | $258,692 |
| Compensation of current officers, directors, key employees. | $252,191 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $14,604,615 |
| Pension plan accruals and contributions | $421,540 |
| Other employee benefits | $1,484,466 |
| Payroll taxes | $1,185,655 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $91,611 |
| Fees for services: Accounting | $47,900 |
| Fees for services: Lobbying | $86,794 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $3,629,949 |
| Advertising and promotion | $728,825 |
| Office expenses | $800,238 |
| Information technology | $1,476,204 |
| Royalties | $0 |
| Occupancy | $745,278 |
| Travel | $739,887 |
| 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 | $46,060 |
| Insurance | $116,767 |
| All other expenses | $891,410 |
| Total functional expenses | $65,458,575 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $719,199 |
| Savings and temporary cash investments | $3,108 |
| Pledges and grants receivable | $5,251,931 |
| Accounts receivable, net | $228,122 |
| 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 | $216,827 |
| Net Land, buildings, and equipment | $95,957 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,509,090 |
| Total assets | $8,024,234 |
| Accounts payable and accrued expenses | $2,862,811 |
| Grants payable | $0 |
| Deferred revenue | $59,403 |
| 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 | $1,486,107 |
| Total liabilities | $4,408,321 |
| Net assets without donor restrictions | $985,116 |
| Net assets with donor restrictions | $2,630,797 |
| 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 | $8,024,234 |