Reading To Kids
- Assets
- $249.6k
- Revenue
- $229.3k
- Investments
- $0.0
- Employees
- 2
- Location
- Los Angeles, CA
- Founding
- 01/2000
- Data as of
- 06/2022
- EIN
- 95-4758698
Organization Overview
Reading To Kids is located in Los Angeles, CA. The organization was established in 2000. According to its NTEE Classification (B90) the organization is classified as: Educational Services, under the broad grouping of Education and related organizations. As of 06/2022, Reading To Kids employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Reading To Kids 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 06/2022, Reading To Kids generated $229.3k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 4.5% each year. All expenses for the organization totaled $175.0k during the year ending 06/2022. 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
READING TO KIDS IS A GRASSROOTS ORGANIZATION DEDICATED TO INSPIRING UNDERSERVED CHILDREN WITH A LOVE OF READING, THEREBY ENRICHING THEIR LIVES AND OPPORTUNITIES FOR FUTURE SUCCESS. READING TO KIDS ORGANIZES MONTHLY READING CLUBS AT LOS ANGELES AREA ELEMENTARY SCHOOLS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
READING ENCOURAGEMENT PROGRAMS: READING TO KIDS ORGANIZES READING CLUBS AT EIGHT LOS ANGELES AREA ELEMENTARY SCHOOLS ON THE SECOND SATURDAY OF EACH MONTH. BEFORE THE COVID-19 PANDEMIC, APPROXIMATELY 30 TEACHERS, 100 PARENTS, 300 VOLUNTEERS, AND 600 CHILDREN WOULD ATTEND OUR MONTHLY READING CLUBS. BEGINNING IN MAY 2020, THE READING CLUBS WENT VIRTUAL VIA ZOOM, WITH AN AVERAGE OF 22 TEACHERS, 66 VOLUNTEERS, AND 177 CHILDREN ATTENDING THE MONTHLY READING CLUBS DURING THE LAST FISCAL YEAR. DURING THE READING CLUBS, PAIRS OF VOLUNTEERS READ TEACHER-SELECTED BOOKS TO SMALL GROUPS OF CHILDREN WHILE THEIR PARENTS ATTEND TEACHER-LED CLASSES, RECEIVING TRAINING ON HOW TO ENCOURAGE THEIR CHILDREN TO READ AT HOME. THE 90-MINUTE READING CLUBS END WITH AN ARTS AND CRAFTS PROJECT FOR THE CHILDREN, WHICH IS DESIGNED TO FURTHER INSPIRE THEM WITH A LOVE OF READING. THE BOOKS USED AT THE READING CLUBS ARE DONATED TO THE SCHOOL LIBRARIES, AND THE ATTENDING CHILDREN AND PARENTS RECEIVE PRIZE BOOKS TO TAKE HOME TO SUPPLEMENT THEIR HOME LIBRARIES. ATTENDING TEACHERS ALSO RECEIVE PRIZE BOOKS FOR THEIR CLASSROOMS IN THANKS FOR THEIR ASSISTANCE WITH THE READING CLUBS. DURING THE VIRTUAL READING CLUBS, THE PARENT CLASSES HAVE BEEN SUSPENDED UNTIL WE RESUME IN-PERSON READING CLUBS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jason Axe Treasurer | OfficerTrustee | 10 | $0 |
Robyn Chew President | OfficerTrustee | 1 | $0 |
Matthew Jones Board Member | Trustee | 1 | $0 |
Mark May Board Member | Trustee | 2 | $0 |
Sean Morris Secretary | OfficerTrustee | 1 | $0 |
Ali Oktay Board Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $37,685 |
| All other contributions, gifts, grants, and similar amounts not included above | $187,479 |
| Noncash contributions included in lines 1a–1f | $1,466 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $225,164 |
| Total Program Service Revenue | $0 |
| Investment income | $17 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $4,151 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $229,332 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $106,041 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $5,050 |
| Payroll taxes | $9,224 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $41 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $2,141 |
| Advertising and promotion | $655 |
| Office expenses | $2,942 |
| Information technology | $5,330 |
| Royalties | $0 |
| Occupancy | $20,261 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,112 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,355 |
| Insurance | $2,752 |
| All other expenses | $99 |
| Total functional expenses | $175,031 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $142,343 |
| Savings and temporary cash investments | $78,846 |
| Pledges and grants receivable | $5,207 |
| Accounts receivable, net | $1,700 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $14,796 |
| Prepaid expenses and deferred charges | $3,250 |
| Net Land, buildings, and equipment | $3,501 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $249,643 |
| Accounts payable and accrued expenses | $5,252 |
| 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 | $5,252 |
| Net assets without donor restrictions | $195,715 |
| Net assets with donor restrictions | $48,676 |
| 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 | $249,643 |