Reading Quest
- Assets
- $334.6k
- Revenue
- $684.8k
- Investments
- $0.0
- Employees
- 33
- Location
- Santa Fe, NM
- Founding
- 06/2015
- Data as of
- 12/2021
- EIN
- 47-3350742
Organization Overview
Reading Quest is located in Santa Fe, NM. The organization was established in 2015. According to its NTEE Classification (B90) the organization is classified as: Educational Services, under the broad grouping of Education and related organizations. As of 12/2021, Reading Quest employed 33 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Reading Quest 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 12/2021, Reading Quest generated $684.8k in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 51.1% each year . All expenses for the organization totaled $543.9k during the year ending 12/2021. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO CREATE MATERIALS AND TEACH CHILDREN HOW TO READ.
Describe the Organization's Program Activity:
Part 3 - Line 4a
READING QUEST TUTORS CHILDREN WHO ARE A YEAR OR MORE BEHIND GRADE LEVEL IN READING.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Rayna Dineen Executive Di | Officer | 40 | $64,846 |
Connor Browne Chair | OfficerTrustee | 2 | $0 |
Nichole Medina-Stone Vice-Chair | OfficerTrustee | 2 | $0 |
Rob Macdonald Treasurer | OfficerTrustee | 2 | $0 |
Sharon Eklund Director | Trustee | 1 | $0 |
Erin Cave Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $70,227 |
| All other contributions, gifts, grants, and similar amounts not included above | $500,385 |
| Noncash contributions included in lines 1a–1f | $53,943 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $570,612 |
| Total Program Service Revenue | $112,607 |
| Investment income | $0 |
| 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 | $684,753 |
| 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. | $64,846 |
| Compensation of current officers, directors, key employees. | $9,727 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $321,852 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $17,875 |
| Payroll taxes | $30,827 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $14,480 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $39,543 |
| Advertising and promotion | $977 |
| Office expenses | $6,069 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $340 |
| Travel | $0 |
| 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 | $1,812 |
| Insurance | $2,542 |
| All other expenses | $4,874 |
| Total functional expenses | $543,933 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $254,666 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $71,867 |
| 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 | $4,314 |
| Net Land, buildings, and equipment | $3,715 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $334,562 |
| Accounts payable and accrued expenses | $7,393 |
| 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 | $7,393 |
| Net assets without donor restrictions | $190,776 |
| Net assets with donor restrictions | $136,393 |
| 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 | $334,562 |
Grants Recieved
Over the last fiscal year, we have identified 10 grants that Reading Quest has recieved totaling $136,276.
| Awarding Organization | Amount |
|---|---|
Santa Fe Community Foundation Santa Fe, NM PURPOSE: GENERAL OPERATING SUPPORT | $48,000 |
Thornburg Foundation Santa Fe, NM PURPOSE: OPERATING SUPPORT | $25,000 |
Los Alamos National Laboratory Foundation Espanola, NM PURPOSE: READING QUEST REQUESTS TWO YEARS OF FUNDING AT A LEVEL OF $20,000 PER YEAR TO SUPPORT A PROOF-OF-CONCEPT DEMONSTRATION OF ITS PROGRAM OF HELPING PUBLIC SCHOOL STUDENTS LEARN HOW TO READ. READING QUEST REQUESTS $5,000 TO SUPPORT TEACHING AT-RISK PUBLIC SCHOOL CHILDREN HOW TO READ AND TRAINING AND MENTORING PUBLIC SCHOOL TEACHERS, COMMUNITY VOLUNTEERS AND PARENTS IN SUPPORTING STUDENTS IN THEIR READING. | $25,000 |
Still Point Fund New York, NY PURPOSE: GENERAL SUPPORT | $10,000 |
Morgan Stanley Global Impact Funding Trust Inc Indianapolis, IN PURPOSE: UNRESTRICTED GENERAL SUPPORT | $10,000 |
Still Point Fund New York, NY PURPOSE: GENERAL SUPPORT | $5,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Education Service Center Region Xii Of Texas Waco, TX | $21,686,581 | $37,093,935 |
New Meridian Corporation Austin, TX | $22,335,966 | $20,374,244 |
Village Tech Schools Duncanville, TX | $32,290,922 | $14,785,373 |
Wgu Labs Salt Lake City, UT | $5,412,542 | $17,199,300 |
Bexar County Performing Arts Center Foundation San Antonio, TX | $183,646,136 | $8,087,390 |
Legacy Traditional School Maricopa Chandler, AZ | $18,281,409 | $11,917,984 |
Turing School Of Software And Design Denver, CO | $6,210,648 | $10,301,401 |
Hispanic Association Of Colleges And Universities San Antonio, TX | $14,909,180 | $14,551,149 |
Rooted Denver, CO | $4,963,250 | $7,608,549 |
Passages America Israel Inc Allen, TX | $8,997,691 | $7,060,714 |
United States Space Foundation Colorado Springs, CO | $16,544,992 | $7,378,299 |
Extend-A-Care Inc Austin, TX | $4,350,683 | $9,102,758 |