Reading Is Fundamental Of Northern Virginia Inc
- Assets
- $266.2k
- Revenue
- $114.7k
- Investments
- $0.0
- Employees
- 0
- Location
- Arlington, VA
- Founding
- 09/1975
- Data as of
- 06/2022
- EIN
- 51-0155758
Organization Overview
Reading Is Fundamental Of Northern Virginia Inc is located in Arlington, VA. The organization was established in 1975. According to its NTEE Classification (B92) the organization is classified as: Remedial Reading & Encouragement, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Reading Is Fundamental Of Northern Virginia 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 06/2022, Reading Is Fundamental Of Northern Virginia Inc generated $114.7k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 2.9% each year. All expenses for the organization totaled $88.4k during the year ending 06/2022. While expenses have increased by 0.7% 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
MOTIVATING CHILDREN TO READ BY MAKING READING FUN AND BY DISTRIBUTING FREE BOOKS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
FY 2022, RIF OF NOVA WORKED WITH MORE THAN 20,000 INFANTS-ADULTS AT 37 SITES THAT INCLUDED COMMUNITY AND PUBLIC-SCHOOL INFANT AND PARENT PROGRAMS, COMMUNITY AND HEAD START PRE-K PROGRAMS, COUNTY HEALTH CENTERS SERVING FAMILIES, AND PUBLIC SCHOOLS SERVING STUDENTS IN PRE-K THROUGH GRADE 8 IN THE CITY OF ALEXANDRIA AND THE COUNTIES OF ARLINGTON, FAIRFAX, AND PRINCE WILLIAM. THROUGH THE CONTRACT PURCHASES, PRIVATE MONETARY AND NEW BOOK DONATIONS, CLOSE TO 40,000 PAPERBACK BOOKS WERE DISTRIBUTED, WITH STUDENT AT 11 SITES RECEIVING TWO OR MORE NEW BOOKS. THE BOARD OF DIRECTORS MET FORMALLY 5 TIMES VIA ZOOM THROUGHOUT THE YEAR TO FOCUS ON THE SCHEDULING AND FORMATTING OF BOOK DISTRIBUTIONS, FUNDRAISING PROJECTS, THE DISTRIBUTION OF GRANT/GIFT MONIES, AND TO PLAN FOR THE FUTURE OF THE PROGRAM. DUE TO COVID MITIGATION RESTRAINTS, MANY ONSITE BOOK DISTRIBUTIONS WERE HELD OUTDOORS, AND ONLINE METHODOLOGY WAS USED APRIL-JUNE 2022 TO ENGAGE THE LIAISONS IN THE WORK NECESSARY TO ENSURE BOOK ORDERING FOR THE NEXT SCHOOL YEAR.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Justina Johnson President | OfficerTrustee | 2 | $0 |
James Abrams Vice President | OfficerTrustee | 1 | $0 |
Elizabeth Promen Recording Secretary | OfficerTrustee | 1 | $0 |
Melissa Hinkson Corresponding Secretary | OfficerTrustee | 1 | $0 |
Maureen Mclaughlin Director | Trustee | 1 | $0 |
Jo Ann Abrams Treasurer | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $9,980 |
| Membership dues | $700 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $61,467 |
| Noncash contributions included in lines 1a–1f | $10,000 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $72,147 |
| Total Program Service Revenue | $12,519 |
| Investment income | $32 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $30,028 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $114,726 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $10,000 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $3,235 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $1,265 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $734 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $1,219 |
| All other expenses | $71,915 |
| Total functional expenses | $88,368 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $164,613 |
| Savings and temporary cash investments | $101,554 |
| Pledges and grants receivable | $0 |
| 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 | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $266,167 |
| Accounts payable and accrued expenses | $0 |
| 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 | $0 |
| Net assets without donor restrictions | $266,167 |
| Net assets with donor restrictions | $0 |
| 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 | $266,167 |