Rar-Ma Inc
- Assets
- $1.5m
- Revenue
- $1.4m
- Investments
- $0.0
- Employees
- 14
- Location
- Boston, MA
- Founding
- 03/2009
- Data as of
- 06/2023
- EIN
- 80-0297898
Organization Overview
Rar-Ma Inc, operating under the name Raising A Reader Ma, is located in Boston, MA. The organization was established in 2009. 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 06/2023, Raising A Reader MA employed 14 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Raising A Reader MA 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, Raising A Reader MA generated $1.4m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 3.2% each year. All expenses for the organization totaled $1.3m during the year ending 06/2023. 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
EARLY LITERACY PROGRAM SUPPORTING FAMILIES OF YOUNG CHILDREN IN HIGH NEED COMMUNITIES.RAISING A READER MA IS AN EVIDENCE-BASED EARLY LITERACY ORGANIZATION THAT HELPS FAMILIES OF YOUNG CHILDREN (BIRTH THROUGH AGE 6) DEVELOP, PRACTICE, AND MAINTAIN HOME-BASED LITERACY ROUTINES. OUR GOAL IS TO END THE CYCLE OF LOW LITERACY BY HELPING FAMILIES ACROSS MASSACHUSETTS DEVELOP HIGH IMPACT HOME READING ROUTINES THAT LAY THE GROUNDWORK FOR A LIFETIME OF LEARNING, SUCCESS, AND PRODUCTIVE, RESPONSIBLE CITIZENSHIP.
Describe the Organization's Program Activity:
Part 3 - Line 4a
RAR-MA TEACHES PARENTS TO SHARE BOOKS WITH YOUNG CHILDREN TO BUILD THEIR LANGUAGE, LITERACY, COGNITIVE, AND SCHOOL READINESS SKILLS, AND FOSTERS FAMILY ENGAGEMENT THROUGH PARENT OUTREACH, COACHING, AND ACCESS TO CULTURALLY RELEVANT AND AGE APPROPRIATE BOOKS. OUR PROGRAM IS DRIVEN BY 30 YEARS OF RESEARCH THAT SHOWS THE MOST SIGNIFICANT FACTOR IMPACTING A CHILD'S ACADEMIC SUCCESS IS BEING REGULARLY READ TO BY A PARENT OR OTHER PRIMARY ADULT CAREGIVER BEFORE STARTING KINDERGARTEN. RAR-MA IMPROVES ACADEMIC OUTCOMES FOR ALL CHILDREN, WITH A FOCUS ON LOW-INCOME CHILDREN, IMMIGRANTS, AND CHILDREN WHOSE FIRST LANGUAGE IS NOT ENGLISH. OUR GOAL IS TO END THE LITERACY OPPORTUNITY GAP BY HELPING FAMILIES DEVELOP HIGH-IMPACT READING ROUTINES THAT LAY THE GROUND WORK FOR A LIFETIME OF LEARNING SUCCESS AND PRODUCTIVE, RESPONSIBLE CITIZENSHIP.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jill Quinby Treasurer | OfficerTrustee | 2 | $0 |
Daryl Andrews Former Chair | OfficerTrustee | 2 | $0 |
Susan Houston Director | Trustee | 2 | $0 |
Dr Ola J Friday Former Director | Trustee | 1 | $0 |
Aria Glasgow Director | Trustee | 1 | $0 |
Brandon Burns Former Secretary | OfficerTrustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $286,362 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,092,199 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,378,561 |
| Total Program Service Revenue | $37,028 |
| Investment income | $491 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $16,645 |
| Net Income from Gaming Activities | $6,255 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,438,980 |
| 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. | $160,441 |
| Compensation of current officers, directors, key employees. | $16,045 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $642,060 |
| Pension plan accruals and contributions | $6,203 |
| Other employee benefits | $38,957 |
| Payroll taxes | $64,592 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $43,258 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $90,696 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $80,364 |
| Advertising and promotion | $704 |
| Office expenses | $23,509 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $43,276 |
| Travel | $11,154 |
| 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 | $0 |
| Insurance | $7,559 |
| All other expenses | $0 |
| Total functional expenses | $1,308,680 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $775,925 |
| Savings and temporary cash investments | $501,177 |
| Pledges and grants receivable | $141,189 |
| Accounts receivable, net | $15,588 |
| 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 | $15,207 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $28,589 |
| Total assets | $1,477,675 |
| Accounts payable and accrued expenses | $120,326 |
| Grants payable | $0 |
| Deferred revenue | $700 |
| 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 | $24,231 |
| Total liabilities | $145,257 |
| Net assets without donor restrictions | $992,343 |
| Net assets with donor restrictions | $340,075 |
| 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 | $1,477,675 |