Reading Partners
- Assets
- $41.8m
- Revenue
- $36.2m
- Investments
- $0.0
- Employees
- 754
- Location
- Oakland, CA
- Founding
- 05/2001
- Data as of
- 06/2023
- EIN
- 77-0568469
Organization Overview
Reading Partners is located in Oakland, CA. The organization was established in 2001. 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 06/2023, Reading Partners employed 754 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Reading Partners 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 06/2023, Reading Partners generated $36.2m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 5.7% each year. All expenses for the organization totaled $35.6m during the year ending 06/2023. While expenses have increased by 4.2% 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
THE ORGANIZATION PARTNERS WITH SCHOOLS TO PROVIDE ONE-ON-ONE LITERACY TUTORING.
Describe the Organization's Program Activity:
Part 3 - Line 4a
LITERACY INTERVENTION PROGRAM: READING PARTNERS RECRUITS AND TRAINS COMMUNITY VOLUNTEERS TO PROVIDE ONE-ON-ONE TUTORING FOR STUDENTS BOTH DURING THE SCHOOL DAY AND AFTER SCHOOL. AT EACH PARTNERS SCHOOL, THE ORGANIZATION TAKES ON A DEDICATED SPACE, TRANSFORMS IT INTO A READING CENTER, AND PLACES A FULL TIME STAFF MEMBER ON SITE TO SUPERVISE ALL PROGRAM SERVICES AND SERVE AS THE LIAISON TO CLASSROOM TEACHERS. A TYPICAL READING CENTER WILL SERVE BETWEEN 30 AND 90 STUDENTS.THE PRIMARY PROGRAM COMPONENT, ONE-ON-ONE TUTORING, IS SUPPLEMENTED WITH PARENT AND FAMILY INVOLVEMENT. STUDENTS ENROLLED IN THE READING PARTNERS PROGRAM ARE SEEN TWICE PER WEEK FOR 45 MINUTE ONE-ON-ONE TUTORING SESSIONS WITH TRAINED COMMUNITY VOLUNTEERS. EACH SESSION IS COMPRISED OF A HIGHLY STRUCTURED, RESEARCHED BASED CURRICULUM WHICH ALLOWS VOLUNTEERS WITH LITTLE BACKGROUND IN EDUCATION TO BE EFFECTIVE TUTORS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Adeola Whitney CEO | Officer | 40 | $448,007 |
Rosa J Gutierrez Cfoo | Officer | 40 | $269,684 |
Karen Gardner Chief Development Officer | Officer | 40 | $215,245 |
Philip Robinson Chief Impact Officer | Officer | 40 | $250,445 |
Dean Elson Chief Knowledge Officer | Officer | 40 | $219,836 |
Kelli Doss Chief Talent And Equity Officer | Officer | 40 | $221,882 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Amazon Web Services Partner Consulting For New Platform | 6/29/23 | $1,511,867 |
Ideoorg Strategic Plan And Operating Plan | 6/29/23 | $192,000 |
Premier Staffing Inc Hiring Temp Support | 6/29/23 | $151,672 |
Mdrc Work On Eir Evaluation And Youth Policy | 6/29/23 | $115,015 |
Edgility Consulting Consulting Fee For Talent Management | 6/29/23 | $118,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $1,741,670 |
| Related organizations | $0 |
| Government grants | $10,603,921 |
| All other contributions, gifts, grants, and similar amounts not included above | $20,472,583 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $32,818,174 |
| Total Program Service Revenue | $3,263,886 |
| Investment income | $652,496 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | -$551,613 |
| Net Income from Gaming Activities | $24,040 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $36,214,983 |
| 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. | $1,913,918 |
| Compensation of current officers, directors, key employees. | $492,563 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $20,496,989 |
| Pension plan accruals and contributions | $37,489 |
| Other employee benefits | $2,967,690 |
| Payroll taxes | $1,815,226 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $58,315 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $3,747,604 |
| Advertising and promotion | $264,688 |
| Office expenses | $288,070 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $1,047,748 |
| Travel | $392,323 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $65,530 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $56,520 |
| Insurance | $0 |
| All other expenses | $270,422 |
| Total functional expenses | $35,642,772 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,811,581 |
| Savings and temporary cash investments | $2,436,692 |
| Pledges and grants receivable | $10,114,589 |
| Accounts receivable, net | $696,778 |
| 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 | $616,362 |
| Net Land, buildings, and equipment | $184,693 |
| Investments—publicly traded securities | $24,920,428 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,009,567 |
| Total assets | $41,790,690 |
| Accounts payable and accrued expenses | $2,694,855 |
| Grants payable | $0 |
| Deferred revenue | $19,610 |
| 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 | $975,877 |
| Total liabilities | $3,690,342 |
| Net assets without donor restrictions | $28,405,091 |
| Net assets with donor restrictions | $9,695,257 |
| 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 | $41,790,690 |