Need To Read Inc
- Assets
- $161.8k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Apopka, FL
- Founding
- 06/2018
- Data as of
- 12/2021
- EIN
- 61-1889828
Organization Overview
Need To Read Inc is located in Apopka, FL. The organization was established in 2018. 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. Need To Read 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 12/2021, Need To Read Inc generated $45.0k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 3 years, the organization has seen revenues fall by an average of (10.7%) each year. All expenses for the organization totaled $42.7k during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3
N2RS PILOT PROGRAM HAS LAID THE FOUNDATION FOR ESTABLISHING A COMMUNITY WIDE, AND EVENTUALLY A NATIONWIDE, PRE-READING PROGRAM TO COMBAT LOW LITERACY AMONG SMALL CHILDREN
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Roderick Zak Chairman & CEO | 0 | $0 | |
Simon T Bailey Board Member | 0 | $0 | |
Leroy L Long III PHD Board Member | 0 | $0 | |
Leroy Pernell JD Board Member | 0 | $0 | |
Jim Lewis Board Member | 0 | $0 | |
Falecia Williams Edd Board Member | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $45,000 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $45,000 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $4,424 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $356 |
| Other expenses | $37,935 |
| Total expenses | $42,715 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $106,942 |
| Other assets | $0 |
| Total assets | $161,765 |
| Total liabilities | $0 |
| Net assets or fund balances | $161,765 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Need To Read Inc has recieved totaling $110,000.
| Awarding Organization | Amount |
|---|---|
Universal Orlando Foundation Inc Orlando, FL PURPOSE: PURCHASE OF BOOKS TO EXPAND ITS READING CORNER LOCATIONS | $100,000 |
The Duke Energy Foundation Charlotte, NC PURPOSE: SOCIAL JUSTICE AND RACIAL EQUITY | $10,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
The Palm Beach County Literacy Coalition Inc Boynton Beach, FL | $5,052,604 | $4,385,458 |
Childrens Reading Center Inc Palatka, FL | $3,783,274 | $2,355,676 |
Read Usa Inc Atlantic Beach, FL | $1,550,513 | $2,569,007 |
Literacy Action Inc Atlanta, GA | $1,276,569 | $1,539,429 |
The Global Village Project Inc Decatur, GA | $2,051,230 | $1,459,701 |
Dream Center Of Lakeland Inc Lakeland, FL | $1,221,957 | $1,316,290 |
Classroom Champions Inc St Petersburg, FL | $339,187 | $761,169 |
Mufuka Private Foundation St Petersburg, FL | $0 | $176,252 |
Hollywood Educational And Literacy Project Miami Inc Miami, FL | $305,033 | $696,098 |
Team Up Mentoring Inc Monroe, GA | $139,641 | $683,392 |
Sing Out And Read Inc Tampa, FL | $87,490 | $575,102 |
Stair Of Birmingham Birmingham, AL | $280,779 | $590,806 |