Form 990 for tax year 2023

Totals

Total revenue

$330,428

Total expenses

$356,648

Contributions and grants received

$261,639

Grants paid

$4,000

Program service revenue

$65,000

Investment income

$767

Other revenue

$3,022

Total assets, end of year

$333,861

Total liabilities, end of year

$1,224

Net assets or fund balances, end of year

$332,637

Program services expenses (Part IX)

$344,827

Management and general expenses

$11,821

Fundraising expenses

$0

Program service expenses (Part III)

$344,827

Program services were 96.7% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Mission and programs · 2023

• THE READING ACADEMY IS A 20-DAY INTENSIVE REMEDIATION PROGRAM FOR SECOND AND THIRD GRADERS THAT NEED INTENSE READING INSTRUCTION TO PASS STANDARDIZED TESTS TO BE READY TO TRANSITION FROM LEARNING TO READ, TO READING TO LEARN. IT IS A CRUCIAL TIME FOR STUDENTS TO READ AT GRADE LEVEL BY THE END OF THIRD GRADE IN ORDER TO SUCCEED IN SCHOOL, AS WELL AS FUTURE CAREER PATHS. THE READING ACADEMY PROGRAM IS LOCATED IN A LOCAL FACILITY, CURRENTLY AT THE IU EAST RICHMOND CAMPUS. THE PROGRAM OFFERS A 5:1 STUDENT TEACHER RATIO, SPECIALIZED INSTRUCTION, INTERVENTION, SOCIAL/EMOTIONAL SUPPORT, ACTIVITIES, TWO MEALS A DAY, TRANSPORTATION, AND HIGHLY QUALIFIED TEACHERS AND STAFF. THERE IS NEVER A CHARGE FOR THE PROGRAM.

  Expenses $259,740 · Grants $4,000 · Revenue $68,022

• K READY IS AN EARLY LEARNING PROGRAM DESIGNED TO PUT BOOKS INTO THE HANDS OF CHILDREN OF WAYNE COUNTY AGES BIRTH TO 5 YEARS OLD. WE PARTICIPATE IN THE DOLLY PARTON IMAGINATION LIBRARY (WITH 800+ CHILDREN ENROLLED AT PRESENT), AT A COST OF $25/CHILD/YEAR. K-READY PARTNERS WITH LOCAL DOCTOR'S OFFICES, CHILDCARE AND EARLY LEARNING PROGRAMS, SCHOOLS AND FAMILIES TO HELP CHILDREN BE PREPARED TO ENTER KINDERGARTEN. WE ARE INVESTIGATING ADDITIONAL PROGRAMING TO SUPPORT THESE CHILDREN WITH HIGHLY QUALIFIED TEACHERS AND DEVELOPMENTAL DIRECTION FOR FAMILIES AND CAREGIVERS.

  Expenses $85,087

• WE HAVE ALSO LAUNCHED THE LOCAL LITTLE FREE LIBRARY. THESE "BOOK BOXES" (COST $100/BOX IN NATIONAL REGISTRATION FEES) ARE PLACED IN STRATEGIC LOCATIONS OF A STEWARD'S CHOICE. THE BOXES ARE FILLED WITH BOOKS TO BE "BORROWED AND EXCHANGED VIA THE BOX. A STEWARD VOLUNTEERS TO MAINTAIN INDIVIDUAL BOXES.

As filed on the 2023 return.

Listed in Part VII

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those.

Grants on this return

No itemized grants to organizations on this return.

Provenance

Return type

form_990

Tax year

2023

Filed

13 November 2024

IRS schema version

2023v5.1

Source object

202443199349313014

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

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