Island Readers And Writers An Initiative For Maine Children
- Assets
- $2.5m
- Revenue
- $2.6m
- Investments
- $0.0
- Employees
- 5
- Location
- Mount Desert, ME
- Founding
- 06/2007
- Data as of
- 12/2023
- EIN
- 75-3225744
Organization Overview
Island Readers And Writers An Initiative For Maine Children is located in Mount Desert, ME. The organization was established in 2007. According to its NTEE Classification (B99) the organization is classified as: Education N.E.C., under the broad grouping of Education and related organizations. As of 12/2023, Island Readers And Writers An Initiative For Maine Children employed 5 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Island Readers And Writers An Initiative For Maine Children 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, Island Readers And Writers An Initiative For Maine Children generated $2.6m in total revenue. This organization has experienced exceptional growth, as over the past 9 years, it has increased revenue by an average of 24.5% each year . All expenses for the organization totaled $512.7k during the year ending 12/2023. While expenses have increased by 5.3% per year over the past 9 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
ISLAND READERS & WRITERS' (IRW) MISSION IS TO INSPIRE A PASSION FOR READING AND LEARNING AMONG MAINE CHILDREN. OUR BOOK-BASED PROGRAMS ARE DESIGNED TO STRETCH IMAGINATIONS, DEVELOP CRITICAL AND REFLECTIVE THINKING SKILLS, AND EXPAND PERSPECTIVES AND ASPIRATIONS THROUGH HANDS-ON LEARNING ABOUT NATURAL HISTORY, SCIENCE, LITERATURE, AND ART.
Describe the Organization's Program Activity:
Part 3 - Line 4a
IRW HAS THREE CORE PROGRAMS - ON-LINE, IN-SCHOOL AND IN-COMMUNITY. IRW PRESENTS IS AN ONLINE SERIES THAT BRINGS BOOK TALKS, PRESENTATIONS, INTERVIEWS AND WORKSHOPS TO TEACHERS, LIBRARIANS, PARENTS, AND ALL PEOPLE WHO LOVE CHILDREN'S BOOKS, WHEREVER THEY RESIDE. WE PARTNER WITH 26 SCHOOLS - (12) ON COASTAL ISLANDS AND (14) IN REMOTE COMMUNITIES IN WASHINGTON COUNTY TO BRING GREAT STORIES TO LIFE. WE WORK CLOSELY WITH MAINE AUTHORS AND ILLUSTRATORS, SCIENTISTS, HISTORIANS, TEACHERS, SCHOOL ADMINISTRATORS, AND LOCAL VOLUNTEERS, TO ENSURE THAT OUR PROGRAMS MEET THE NEEDS AND INTERESTS OF THE CHILDREN, FAMILIES AND COMMUNITIES WE SERVE. WE LEAD AND COLLABORATE WITH OTHERS IN BUILDING HEALTHY COMMUNITIES THAT SUPPORT AND VALUE CHILDREN READING AND LEARNING. WE PROVIDE PROFESSIONAL DEVELOPMENT TO EDUCATORS AND INNOVATIVE PROGRAMS FOR EARLY LEARNERS USING THE WHOLE BOOK APPROACH AND VISUAL THINKING STRATEGIES TO EXPLORE HOW WORDS AND IMAGES COME TOGETHER TO TELL A STORY. IN 2020, IRW WAS RECOGNIZED BY THE LIBRARY OF CONGRESS WITH AN AWARD FOR LITERACY FOR "ITS EFFECTIVE IMPLEMENTATION OF BEST PRACTICES IN LITERACY AND READING PROMOTION."
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jan Coates Executive Di | Trustee | 40 | $82,629 |
Elizabeth Hodder Corbus Director | Trustee | 1 | $0 |
Michelle Finn Director | Trustee | 1 | $0 |
Andrea Gilmore Secretary | OfficerTrustee | 1 | $0 |
Alexandra Hinrichs Director | Trustee | 1 | $0 |
Dr Deborah Jamieson Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $2,525,030 |
| Noncash contributions included in lines 1a–1f | $2,408 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,525,030 |
| Total Program Service Revenue | $32,265 |
| Investment income | $15,063 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $5,566 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,577,924 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $255,062 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $28,125 |
| Payroll taxes | $20,827 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $9,235 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $1,195 |
| Fees for services: Other | $0 |
| Advertising and promotion | $2,256 |
| Office expenses | $12,926 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $27,446 |
| 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 | $2,686 |
| Insurance | $1,636 |
| All other expenses | $1,094 |
| Total functional expenses | $512,657 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $98,195 |
| Savings and temporary cash investments | $242,214 |
| 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 | $8,409 |
| Investments—publicly traded securities | $2,177,921 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $2,000 |
| Total assets | $2,528,739 |
| 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 | $4,149 |
| Total liabilities | $4,149 |
| Net assets without donor restrictions | $2,407,590 |
| Net assets with donor restrictions | $117,000 |
| 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 | $2,528,739 |