Raising A Reader
- Assets
- $4.4m
- Revenue
- $5.7m
- Investments
- $0.0
- Employees
- 22
- Location
- Milpitas, CA
- Founding
- 07/2014
- Data as of
- 12/2023
- EIN
- 94-3390149
Organization Overview
Raising A Reader is located in Milpitas, CA. The organization was established in 2014. According to its NTEE Classification (B90) the organization is classified as: Educational Services, under the broad grouping of Education and related organizations. As of 12/2023, Raising A Reader employed 22 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Raising A Reader 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, Raising A Reader generated $5.7m in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 3.2% each year. All expenses for the organization totaled $4.8m during the year ending 12/2023. While expenses have increased by 0.7% 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.
Since 2015, Raising A Reader has awarded 145 individual grants totaling $1,774,024. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
RAISING A READER IS A NATIONAL PROGRAM PROVEN TO BUILD LITERACY ROUTINES THROUGH FAMILY ENGAGEMENT.
Describe the Organization's Program Activity:
Part 3 - Line 4a
RAISING A READER (RAR) IS A NATIONAL NONPROFIT FAMILY ENGAGEMENT AND LITERACY PROGRAM THAT HELPS FAMILIES DEVELOP, PRACTICE, AND MAINTAIN HOME LITERACY HABITS ESSENTIAL FOR SCHOOL SUCCESS. RAR IS OPERATED THROUGH A DIVERSE NATIONAL NETWORK OF AFFILIATES (E.G., SCHOOL SYSTEMS, LIBRARIES, OR COMMUNITY AGENCIES) AT MORE THAN 2,900 LOCATIONS NATIONALLY, SERVING FAMILIES WITH CHILDREN BETWEEN THE AGES OF 0 TO 8 YEARS OLD. CHILDREN PARTICIPATING IN OUR PROGRAMS ARE EXPOSED TO HIGH-QUALITY, DEVELOPMENTALLY APPROPRIATE CHILDREN'S BOOKS, PROVIDING THEM WITH BOTH A MIRROR REFLECTING THEIR OWN WORLD AND A WINDOW TO THE WORLD BEYOND. THROUGH INITIAL TRAINING AND ONGOING SUPPORT, RAISING A READER PARENTS, EVEN THOSE WITH LIMITED ENGLISH PROFICIENCY OR LOW LITERACY SKILLS, LEARN HOW TO ENGAGE THEIR CHILDREN IN STORYTELLING WITH PICTURE BOOKS. THE PROGRAM ALSO INCLUDES AN INTRODUCTION TO COMMUNITY RESOURCES, SUCH AS THE PUBLIC LIBRARY, SETTING UP FAMILIES FOR A LIFETIME OF BOOK ENJOYMENT. MORE THAN 39 INDEPENDENT EVALUATIONS CONFIRM THE VALUABLE IMPACT OF RAR ON FAMILY ENGAGEMENT AND EARLY LITERACY SKILLS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Name Not Listed Chair | OfficerTrustee | 0.5 | $0 |
Name Not Listed Treasurer | OfficerTrustee | 0.5 | $0 |
Name Not Listed Director/president & CEO | OfficerTrustee | 40 | $308,194 |
Name Not Listed Secretary | OfficerTrustee | 0.5 | $0 |
Name Not Listed Director | Trustee | 0.5 | $0 |
Name Not Listed Director | Trustee | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $826 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $3,792,311 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $3,793,137 |
| Total Program Service Revenue | $1,905,091 |
| Investment income | $23,661 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$25,405 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $5,700,015 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $371,996 |
| 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. | $507,283 |
| Compensation of current officers, directors, key employees. | $199,878 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,546,603 |
| Pension plan accruals and contributions | $70,342 |
| Other employee benefits | $290,122 |
| Payroll taxes | $146,030 |
| Fees for services: Management | $92,838 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $59,539 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $271,596 |
| Advertising and promotion | $11,861 |
| Office expenses | $79,957 |
| Information technology | $129,037 |
| Royalties | $0 |
| Occupancy | $20,429 |
| Travel | $63,651 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $23,080 |
| Interest | $3,550 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $10,008 |
| Insurance | $19,444 |
| All other expenses | $32,460 |
| Total functional expenses | $4,782,378 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $300 |
| Savings and temporary cash investments | $1,866,827 |
| Pledges and grants receivable | $1,985,163 |
| Accounts receivable, net | $33,137 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $468,245 |
| Prepaid expenses and deferred charges | $43,403 |
| Net Land, buildings, and equipment | $26,937 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $4,424,012 |
| Accounts payable and accrued expenses | $377,891 |
| 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 | $144,682 |
| Unsecured mortgages and notes payable | $35,218 |
| Other liabilities | $0 |
| Total liabilities | $557,791 |
| Net assets without donor restrictions | $1,428,329 |
| Net assets with donor restrictions | $2,437,892 |
| 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 | $4,424,012 |
Grants Awarded
Over the last fiscal year, Raising A Reader has awarded $272,217 in support to 21 organizations.
| Grant Recipient | Amount |
|---|---|
COMPTON UNIFIED SCHOOL DISTRICT PURPOSE: Implementation funding for program related costs and support | $59,331 |
UTAH FOSTER CARE PURPOSE: Implementation funding for program related costs and support | $21,144 |
PACIFIC ASIAN CONSORTIUM IN EDUCATION PURPOSE: Implementation funding for program related costs and support | $14,193 |
SAVE THE CHILDREN PURPOSE: Implementation funding for program related costs and support | $13,477 |
UNITED WAY OF THE DESERT PURPOSE: Implementation funding for program related costs and support | $12,361 |
OCEAN VIEW SCHOOL DISTRICT PURPOSE: Implementation funding for program related costs and support | $12,038 |