Smart Reading, operating under the name Smart, is located in Portland, OR. The organization was established in 1996. According to its NTEE Classification (B21) the organization is classified as: Preschools, under the broad grouping of Education and related organizations. As of 06/2021, Smart employed 42 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Smart 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 06/2021, Smart generated $4.0m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 2.7% each year. All expenses for the organization totaled $3.7m during the year ending 06/2021. While expenses have increased by 2.1% 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO SPARK JOY AND OPPORTUNITY THROUGH THE MAGIC OF A SHARED BOOK.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SMART READING IS A NATIONALLY RECOGNIZED, STATEWIDE NONPROFIT ORGANIZATION (INCORPORATED IN THE STATE OF OREGON) WITH A NETWORK OF VOLUNTEERS, EDUCATORS, DONORS, AND ADVOCATES ACROSS OREGON WHO ARE BANDING TOGETHER TO EMPOWER CHILDREN FOR MORE SUCCESSFUL FUTURES THROUGH BOOKS AND READING. HEADQUARTERED IN PORTLAND, SMART READING ENVISIONS AN OREGON IN WHICH EVERY CHILD CAN READ AND IS EMPOWERED TO SUCCEED. OUR MISSION IS TO ENGAGE COMMUNITY VOLUNTEERS TO READ ONE-ON-ONE WITH PREKINDERGARTEN THROUGH THIRD GRADE CHILDREN WHO NEED READING SUPPORT. PARTICIPATING CHILDREN ALSO RECEIVE NEW BOOKS EACH MONTH TO KEEP AND READ WITH THEIR FAMILIES.SMART READING PARTNERS WITH 290 SCHOOLS AND HEAD START PROGRAMS ACROSS OREGON WITH HIGH POPULATIONS OF CHILDREN FROM LOW-INCOME FAMILIES, AS THESE STUDENTS ARE MOST AT RISK FOR FALLING BEHIND. SMART READING IS OVERWHELMINGLY FUNDED BY PRIVATE SOURCES, AND ACHIEVES THIS WORK BY LEVERAGING PRIVATE DOLLARS AND PUBLIC INFRASTRUCTURE TO PROVIDE PROVEN READING SUPPORT, MENTORSHIP, AND BOOKS FOR OREGON'S MOST VULNERABLE CHILDREN. THE INTENTION OF SMART READING IS TO PROVIDE A FUN, CHILD-GUIDED EXPERIENCE THAT BUILDS READING SKILLS, SELF-CONFIDENCE, AND A LIFELONG LOVE OF READING IN CHILDREN.DURING THE YEAR ENDED JUNE 30, 2021, SMART READING DELIVERED ONE-ON-ONE READING SUPPORT TO 17,695 CHILDREN AND GAVE AWAY 140,564 BOOKS. THIS WAS POSSIBLE, IN PART, THANKS TO OVER 570 VOLUNTEERS, WHO TOGETHER CONTRIBUTED APPROXIMATELY 11,000 HOURS OF VOLUNTEER TIME. SINCE 1992, SMART READING HAS SERVED OVER 250,000 CHILDREN WITH THE HELP OF OVER 144,500 VOLUNTEERS, AND GIVEN AWAY OVER 3 MILLION BOOKS. TOGETHER, WITH SUPPORT FROM COMMUNITIES ACROSS THE STATE, SMART READING IS EMPOWERING OREGON CHILDREN FOR READING AND LEARNING SUCCESS. AND WE KNOW THE PROGRAM WORKS. AN INDEPENDENT STUDY BY THE EUGENE RESEARCH INSTITUTE REVEALS THAT FIFTH-GRADERS WHO PARTICIPATED IN SMART READING AS FIRST-GRADERS ARE 60 PERCENT MORE LIKELY TO REACH STATE READING BENCHMARKS THAN ARE SIMILAR STUDENTS WHO DID NOT PARTICIPATE. SMART READING STUDENTS DEVELOP READING ACCURACY, FLUENCY AND COMPREHENSION SIGNIFICANTLY FASTER AND MAINTAIN THESE GAINS EVEN AFTER COMPLETING THE PROGRAM.IN 2018-19, YEAR-END SURVEYS ADMINISTERED TO VARIOUS SMART READING CONSTITUENTS. NINETY-SEVEN PERCENT OF EDUCATORS SURVEYED FELT THAT SMART READING CONTRIBUTED SIGNIFICANTLY TO LEARNING AND GROWTH FOR THEIR STUDENTS. AMONG PARENTS, 97 PERCENT SURVEYED THOUGHT SMART READING BENEFITED THEIR CHILD SIGNIFICANTLY. EACH SPRING, SMART READING TEACHERS ARE INVITED TO REPORT ON PROGRESS THEY HAVE WITNESSED IN SMART STUDENTS THROUGHOUT THE YEAR. ACCORDING TO THE MOST RECENT STUDENT BENCHMARK DATA AVAILABLE, TEACHERS INDICATED THAT SMART READING STUDENTS CONSISTENTLY SHOWED IMPROVEMENT IN MEASURES OF LITERACY DEVELOPMENT. NEARLY TWO-THIRDS OF SMART READING STUDENTS MET OR EXCEEDED GRADE-LEVEL BENCHMARKS IN READING, AND NEARLY THREE-QUARTERS MET OR EXCEEDED READING COMPREHENSION BENCHMARKS.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Chris Otis Executive Director | Officer | 40 | $154,835 |
Amanda Green Director Of Finance & Admin | Officer | 40 | $69,313 |
Jonathan Wexler Former Director Of Finance & Admin | Officer | 40 | $15,970 |
Ray Holliday Secretary | OfficerTrustee | 2 | $0 |
Hank Sigmon Immediate Past Chair | OfficerTrustee | 2 | $0 |
Karin Holsinger Chair | OfficerTrustee | 2 | $0 |
Statement of Revenue | |
---|---|
Total Revenue from Contributions, Gifts, Grants & Similar | $3,892,550 |
Investment income | $30,389 |
Tax Exempt Bond Proceeds | $0 |
Royalties | $0 |
Net Rental Income | $0 |
Net Gain/Loss on Asset Sales | $141,604 |
Net Income from Fundraising Events | -$46,369 |
Net Income from Gaming Activities | $0 |
Net Income from Sales of Inventory | $0 |
Miscellaneous Revenue | $0 |
Total Revenue | $4,022,192 |
Statement of Expenses | |
---|---|
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. | $277,452 |
Compensation to disqualified persons | $0 |
Other salaries and wages | $1,822,964 |
Pension plan accruals and contributions | $29,194 |
Other employee benefits | $323,659 |
Payroll taxes | $167,144 |
Fees for services: Management | $0 |
Fees for services: Legal | $5,130 |
Fees for services: Accounting | $18,700 |
Fees for services: Lobbying | $1,583 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $0 |
Fees for services: Other | $72,459 |
Advertising and promotion | $29,160 |
Office expenses | $201,523 |
Information technology | $143,470 |
Royalties | $0 |
Occupancy | $132,999 |
Travel | $19,330 |
Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
Conferences, conventions, and meetings | $17,092 |
Interest | $0 |
Payments to affiliates | $0 |
Depreciation, depletion, and amortization | $29,329 |
Insurance | $17,405 |
All other expenses | $0 |
Total functional expenses | $3,730,013 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $995,079 |
Savings and temporary cash investments | $65,535 |
Pledges and grants receivable | $990,598 |
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 | $137,601 |
Investments—publicly traded securities | $2,374,733 |
Investments—other securities | $0 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $2,871,222 |
Total assets | $7,525,317 |
Accounts payable and accrued expenses | $441,906 |
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 | $441,906 |
Net assets without donor restrictions | $0 |
Net assets with donor restrictions | $0 |
Capital stock or trust principal, or current funds | $0 |
Paid-in or capital surplus, or land, building, or equipment fund | $0 |
Total liabilities and net assets/fund balances | $7,083,411 |
Over the last fiscal year, we have identified 2 grants that Smart Reading has recieved totaling $17,500.
Awarding Organization | Amount |
---|---|
Schoxorg San Francisco, CA PURPOSE: TO SUPPORT THE ORGANIZATION'S EXEMPT CHARITABLE PURPOSE | $10,000 |
Franklin And Dorothy Piacentini Charitable Trust Portland, OR PURPOSE: GENERAL SUPPORT | $7,500 |
Beg. Balance | $2,402,038 |
Earnings | $735,364 |
Net Contributions | $3,344 |
Other Expense | $93,712 |
Ending Balance | $3,047,034 |
Organization Name | Assets | Revenue |
---|---|---|
Child Start Incorporated Napa, CA | $8,014,837 | $18,886,545 |
Institute For Human & Social Development Inc San Mateo, CA | $7,306,180 | $14,787,145 |
Day 1 Academies Mercer Island, WA | $35,976,300 | $29,810,665 |
Keys Family Day School Inc Palo Alto, CA | $33,258,594 | $15,731,611 |
Villa Academy Seattle, WA | $24,276,388 | $13,840,238 |
The San Francisco School San Francisco, CA | $30,677,373 | $14,481,306 |
Berkeley Hall School Foundation Los Angeles, CA | $27,121,443 | $12,682,160 |
Vacaville Christian Academy Vacaville, CA | $16,291,223 | $10,950,312 |
Renu Hope Foundation Beaumont, CA | $4,671,347 | $11,223,542 |
Marin Montessori School Inc Corte Madera, CA | $24,835,339 | $10,702,603 |
Epiphany School Seattle, WA | $36,455,927 | $10,306,014 |
Waldorf School Association Of Seattle Seattle, WA | $16,310,724 | $9,141,587 |