Read Usa Inc
- Assets
- $2.3m
- Revenue
- $3.9m
- Investments
- $0.0
- Employees
- 196
- Location
- Atlantic Beach, FL
- Founding
- 06/2016
- Data as of
- 12/2023
- EIN
- 47-4729513
Organization Overview
Read Usa Inc is located in Atlantic Beach, FL. The organization was established in 2016. 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 12/2023, Read USA Inc employed 196 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Read USA Inc 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 12/2023, Read USA Inc generated $3.9m in total revenue. All expenses for the organization totaled $4.7m during the year ending 12/2023. While expenses have increased by 99.8% per year over the past 6 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
READ USA'S MISSION IS TO SOLVE ILLITERACY THROUGH HIGH-INTEREST BOOKS AND HIGH-QUALITY TEACHING. READ USA'S RESEARCH-BASED, MULTI-LAYERED PROGRAMMING IS HELPING CHILDREN ACHIEVE - AND SOMETIMES SURPASS - GRADE-LEVEL READING PROFICIENCY. READ USA HAS CREATED AND REFINED ITS UNIQUE APPROACH TO DEVELOPING GRADE-LEVEL READERS, TEEN LEADERS, AND TRANSFORMATIONAL TEACHERS USING EVIDENCE-BASED PRACTICES AND PROGRAMMING. READ USA'S MULTI-FACETED MODEL INCLUDES LITERACY TUTORING, BOOK CHOICE & OWNERSHIP, MULTICULTURAL LITERACY PROGRAMMING, FAMILY ENGAGEMENT, WORKFORCE DEVELOPMENT, AND PROFESSIONAL DEVELOPMENT FOR EDUCATORS. COLLECTIVELY, THESE PROGRAMS WORK TOGETHER TO END ILLITERACY, ELEVATE THE TEACHING PROFESSION, AND EQUIP AND EMPLOY EAGER WORKFORCE TALENT.
Describe the Organization's Program Activity:
Part 3 - Line 4a
LAST YEAR, READ USA SERVED OVER 50,000 PRE-SCHOOL AGE AND ELEMENTARY SCHOOL STUDENTS FROM OVER 100 ELEMENTARY SCHOOLS AND 5 COMMUNITY CENTERS THAT SERVE CHILDREN FROM UNDER-RESOURCED COMMUNITIES WITH OVER 100,000 BRAND NEW, AGE-APPROPRIATE BOOKS THEY SELECTED FOR FREE TO BUILD THEIR HOME LIBRARIES.
READ USA INCREASED ITS MULTICULTURAL LITERACY OFFERINGS THROUGH EXPANDED PARTNERSHIPS WITH THE JACKSONVILLE JAGUARS, THE CUMMER MUSEUM OF ART & GARDENS, AND OTHER PARTNERS WITH ADDITIONAL BOOK OWNERSHIP OPPORTUNITIES FOR CHILDREN AND PROVIDING ADDITIONAL FREE DIGITAL RESOURCES, INCLUDING "READ ALOUDS" BY LOCAL AND NATIONAL LEADERS, INSTRUCTIONAL VIDEOS, ACTIVITY GUIDES, AND OTHER RESOURCES FOR EDUCATORS AND FAMILIES.
READ USA EXPANDED ITS LITERACY TUTORING INTERVENTION PROGRAM, EMPLOYING, TRAINING, AND SUPERVISING OVER 585 HIGH SCHOOL TEENS AND HIRING OVER 100 LICENSED EDUCATORS WITHIN THE SCHOOL DISTRICT. THESE TEEN TUTORS RECEIVED TRAINING ON THE CURRICULUM MATERIALS AND PROFESSIONAL WORK ENVIRONMENT EXPECTATIONS AND SKILLS. THEY WERE THEN PAIRED WITH NEARLY 1,750 ELEMENTARY SCHOOL STUDENTS IDENTIFIED BY THE SCHOOL DISTRICT AS BELOW GRADE LEVEL READERS FOR DAILY, INTENSIVE ONE-TO-ONE LITERACY TUTORING SESSIONS IN DUVAL COUNTY ELEMENTARY SCHOOLS. PRE- AND POST-ASSESSMENT TESTS WERE ANALYZED AND VERIFIED BY A THIRD-PARTY SOURCE, THE OHIO STATE UNIVERSITY, WHICH PROVED THE INTERVENTION TO BE HIGHLY EFFECTIVE IN PRODUCING READING GAINS FOR BOTH THE TEEN TUTORS AS WELL AS THE YOUNGER STUDENTS THEY LED.
READ USA HELD A COMMUNITY EVENT, "PEACE IN THE PAGES," RAISING AWARENESS FOR LITERACY AND ITS MULTI-FACETED PROGRAMMING BY HONORING SEVEN COMMUNITY LEADERS WHO EXEMPLIFY THE RELATIONSHIP BETWEEN LITERACY AND PEACE, PROSPERITY, EMPATHY, NON-VIOLENCE, JUSTICE, AND FREEDOM. PEACE IN THE PAGES ALSO PROVIDES AN ANNUAL PROGRAMMING AND IMPACT UPDATE TO THE ORGANIZATION'S DONORS, GRANTORS, AND FUNDERS.
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 H Kelly Jr CEO & Presid | Officer | 40 | $170,580 |
Marla Buchanan Director | Trustee | 1 | $0 |
Greg Burton Director | Trustee | 1 | $0 |
Lakesha Burton Director | Trustee | 1 | $0 |
Nadiyah Casey Director | Trustee | 1 | $0 |
W C Gentry Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $250,000 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,022,368 |
| Noncash contributions included in lines 1a–1f | $192,050 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,272,368 |
| Total Program Service Revenue | $2,674,743 |
| 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 | $3,947,111 |
| 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. | $179,326 |
| Compensation of current officers, directors, key employees. | $85,180 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,247,997 |
| Pension plan accruals and contributions | $12,611 |
| Other employee benefits | $48,116 |
| Payroll taxes | $133,031 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $66,452 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $128,920 |
| Advertising and promotion | $76,380 |
| Office expenses | $15,774 |
| Information technology | $176,306 |
| Royalties | $0 |
| Occupancy | $55,010 |
| Travel | $10,808 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $3,802 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $115,602 |
| Insurance | $2,134 |
| All other expenses | $12,079 |
| Total functional expenses | $4,702,134 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,657 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $1,979,623 |
| Accounts receivable, net | $0 |
| 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 | $340,844 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $2,323,124 |
| Accounts payable and accrued expenses | $789,133 |
| Grants payable | $0 |
| Deferred revenue | $133,929 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $300,000 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $1,223,062 |
| Net assets without donor restrictions | -$453,488 |
| Net assets with donor restrictions | $1,553,550 |
| 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 | $2,323,124 |