Reach Out And Read Colorado
- Assets
- $1.2m
- Revenue
- $1.7m
- Investments
- $0.0
- Employees
- 12
- Location
- Denver, CO
- Founding
- 09/2006
- Data as of
- 06/2023
- EIN
- 86-1172160
Organization Overview
Reach Out And Read Colorado is located in Denver, CO. The organization was established in 2006. According to its NTEE Classification (O50) the organization is classified as: Youth Development Programs, under the broad grouping of Youth Development and related organizations. As of 06/2023, Reach Out And Read Colorado employed 12 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Reach Out And Read Colorado 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, Reach Out And Read Colorado generated $1.7m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 5.0% each year. All expenses for the organization totaled $1.7m during the year ending 06/2023. While expenses have increased by 5.7% per year over the past 8 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
REACH OUT AND READ COLORADO PREPARES COLORADO'S YOUNGEST CHILDREN TO SUCCEED IN SCHOOL BY PARTNERING WITH HEALTHCARE PROVIDERS TO PRESCRIBE BOOKS AND ENCOURAGE FAMILIES TO READ ALOUD TOGETHER.
Describe the Organization's Program Activity:
Part 3 - Line 4a
IN 2021 REACH OUT AND READ DELIVERED IN MORE THAN 256,500 "DOSES" AT WELL CHILD VISITS IN 326 COLORADO CLINICS ACROSS ALL COLORADO COUNTIES, DELIVERING A NEW, DEVELOPMENTALLY- AND LANGUAGE- APPROPRIATE BOOK AND ANTICIPATORY GUIDANCE TO THE FAMILIES OF APPROXIMATELY 128,274 CHILDREN AGES FIVE AND UNDER, AS DELIVERED BY THE 2,019 HEALTHCARE PROVIDERS TRAINED IN THE PROGRAM, AS WELL AS THE CLINICAL STAFF SUPPORTING THEM. TOGETHER, THEY REPRESENT MORE THAN 43,100 VOLUNTEER HOURS SPENT DELIVERING THIS EARLY LITERACY INTERVENTION IN A PROFESSIONAL HEALTHCARE SETTING TO CHILDREN AND FAMILIES WITH THE HIGHEST NEED. IN 2021, APPROXIMATELY 71% OF CHILDREN SERVED COME FROM FAMILIES EXPERIENCING POVERTY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Patty Fontneau CEO | Officer | 40 | $44,557 |
Suzy Jaeger Chair | OfficerTrustee | 1 | $0 |
Scott Hild Vice Chair | OfficerTrustee | 1 | $0 |
Emma Bodine CPA Treasurer | OfficerTrustee | 1 | $0 |
Michelle Shiffman MD Medical Dire | Trustee | 1 | $0 |
Steve Bain JD Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $56,214 |
| Related organizations | $0 |
| Government grants | $126,915 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,249,707 |
| Noncash contributions included in lines 1a–1f | $110,634 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,432,836 |
| Total Program Service Revenue | $197,394 |
| Investment income | $3,672 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $56,026 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,689,928 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $726,022 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $144,767 |
| Compensation of current officers, directors, key employees. | $14,192 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $485,637 |
| Pension plan accruals and contributions | $12,091 |
| Other employee benefits | $32,983 |
| Payroll taxes | $48,825 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $8,080 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $92,993 |
| Advertising and promotion | $1,216 |
| Office expenses | $15,367 |
| Information technology | $11,924 |
| Royalties | $0 |
| Occupancy | $44,261 |
| Travel | $10,463 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $4,838 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $3,323 |
| Insurance | $1,609 |
| All other expenses | $10,926 |
| Total functional expenses | $1,689,244 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $614,135 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $76,575 |
| 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 | $3,357 |
| Net Land, buildings, and equipment | $14,042 |
| Investments—publicly traded securities | $494,063 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,202,172 |
| Accounts payable and accrued expenses | $32,312 |
| 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 | $32,312 |
| Net assets without donor restrictions | $1,089,539 |
| Net assets with donor restrictions | $80,321 |
| 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 | $1,202,172 |