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← READ TO SUCCEED INC

Form 990 for tax year 2024

Filed by READ TO SUCCEED INC.

Totals

Total revenue
$194,631
Total expenses
$263,056
Contributions and grants received
$194,484
Grants paid
$0
Program service revenue
$0
Investment income
$146
Other revenue
$1
Total assets, end of year
$45,685
Total liabilities, end of year
$123
Net assets or fund balances, end of year
$45,562
Program services expenses (Part IX)
$172,813
Management and general expenses
$59,410
Fundraising expenses
$30,833
Program service expenses (Part III)
$172,813

Program services were 65.7% 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.

Revenue

Part VIII, the statement of revenue.

  • 1a · Federated campaigns

    $14,752

  • 1c · Fundraising events

    $56,246

  • 1e · Government grants (contributions)

    $14,603

  • 1f · All other contributions, gifts and grants

    $108,883

  • 1g · Noncash contributions included above

    $6,900

  • 3 · Investment income

    total $146 · excluded $146

  • 8a · Fundraising events: gross income

    $11,516

  • 8a · Fundraising events: contributions included on line 1c

    $56,246

  • 8b · Fundraising events: direct expenses

    $11,515

  • 8c · Net income from fundraising events

    total $1 · excluded $1

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $59,795 · program services $32,887 · management and general $14,949 · fundraising $11,959

  • 7 · Other salaries and wages

    total $87,849 · program services $48,317 · management and general $21,962 · fundraising $17,570

  • 10 · Payroll taxes

    total $6,518 · program services $3,585 · management and general $1,629 · fundraising $1,304

  • 11c · Fees: accounting

    total $1,370 · management and general $1,370

  • 11g · Fees: other

    total $1,916 · management and general $1,916

  • 12 · Advertising and promotion

    total $2,601 · program services $2,601

  • 13 · Office expenses

    total $13,852 · program services $5,665 · management and general $8,187

  • 14 · Information technology

    total $3,322 · management and general $3,322

  • 16 · Occupancy

    total $16,800 · program services $15,120 · management and general $1,680

  • 22 · Depreciation, depletion and amortization

    total $1,500 · management and general $1,500

  • 23 · Insurance

    total $747 · management and general $747

  • 24a · Other expenses: BOOKS AND MATERIALS

    total $56,986 · program services $56,986

  • 24b · Other expenses: FOOD, DRINK, MEALS

    total $3,263 · program services $3,263

  • 24c · Other expenses: EVENTS

    total $3,195 · program services $3,195

  • 24d · Other expenses: ADMINISTRATIVE: PAYROLL

    total $1,508 · management and general $1,508

  • 24e · All other expenses

    total $1,834 · program services $1,194 · management and general $640

Balance sheet

Part X, book values.

  • 2 · Savings and temporary cash investments

    beginning of year $111,989 · end of year $45,185

  • 10a · Land, buildings and equipment: cost or other basis

    $7,500

  • 10b · Land, buildings and equipment: accumulated depreciation

    $7,000

  • 10c · Land, buildings and equipment, net

    beginning of year $2,000 · end of year $500

  • 17 · Accounts payable and accrued expenses

    end of year $123

  • 27 · Net assets without donor restrictions

    beginning of year $113,989 · end of year $45,562

Mission and programs · 2024

Mission

TO IMPROVE LIVES IN RUTHERFORD COUNTY FOR ADULTS AND CHILDREN BY OFFERING FREE LITERACY PROGRAMS AND EVENTS.

Activities or mission (Part I)

TO IMPROVE LIVES IN RUTHERFORD COUNTY FOR CHILDREN AND ADULTS THROUGH FREE LITERACY PROGRAMS AND EVENTS.

  • ADULT LITERACY ONE-ON-ONE PROGRAM WORKS WITH ANYONE 18 YEARS OR OLDER ON ANY LITERACY GOAL THEY WANT TO WORK ON. MANY OF OUR LEARNERS ARE WORKING TOWARDS A GED/HI-SET, BUT OTHER LEARNERS ARE WORKING ON FINANCIAL LITERACY, WRITING SKILLS, INTERVIEWING AND RESUME WRITING, DRIVER'S LICENSE AND MILITARY TESTING, ETC. DURING THE YEAR ENDING JUNE 30, 2025, WE TRAINED OVER 542 LEARNERS IN OUR ADULT LITERACY ONE-ON-ONE PROGRAM.

    Expenses $51,844

  • ENGLISH AS A SECOND LANGUAGE PROGRAM SERVED OVER 518 STUDENTS DURING THE YEAR ENDING JUNE 30, 2024. THESE STUDENTS WORK TO IMPROVE READING, WRITING AND SPEAKING ENGLISH. THREE DIFFERENT LEVELS OF INSTRUCTION WERE AVAILABLE TO STUDENTS DURING THE YEAR ENDING JUNE 30, 2025, TEACHING OVER 27 DIFFERENT LANGUAGES. DAY AND EVENING CLASSES WERE PROVIDED.

    Expenses $51,733

  • YOUTH & FAMILY LITERACY PROGRAMMING IS HELD IN MURFREESBORO CITY AND RUTHERFORD COUNTY TITLE 1 SCHOOLS AND THIS PROGRAM IS A PARTNERSHIP WITH MIDDLE TENNESSEE STATE UNIVERSITY, LIPSCOMB AND TREVECCA'S EDUCATION DEPARTMENT. THE KNOWLEDGE SHARING WITH STUDENTS DURING THESE PROGRAMS ALLOWS THEM TO GET BACK ON GRADE LEVEL AND PROVIDES THEIR PARENTS WITH STRATEGIES THAT THEY CAN USE AT HOME. THE PARENTS ARE ALSO GIVEN THE OPPORTUNITY TO SIGN UP FOR OUR ADULT LITERACY PROGRAMS DURING THESE EVENTS.FAMILY LITERACY ALSO HAS A PROGRAM FOR PRE-SCHOOL STUDENTS TO PREPARE THEM TO BE KINDERGARTEN READY. OUR IMAGINATION STATIONS ARE HELD IN LOW-INCOME AREAS AND AGAIN THE CHILDREN AND PARENTS LEARN ABOUT THE IMPORTANCE OF READING. AT ALL OF OUR FAMILY LITERACY EVENTS, THE CHILDREN GO HOME WITH THE BOOK THAT WAS STUDIED. FOR MIDDLE AND HIGH SCHOOL STUDENTS WE HAVE STARTED ADULT BOOK CLUBS WHERE STUDENTS READ CONTEMPORARY YOUNG ADULT FICTION WITH THEMES THAT STUDENTS TODAY FIND RELATABLE TO THEIR OWN EXPERIENCES. STUDENTS FACILITATE THE DISCUSSIONS AROUND PLOT, CHARACTER AND LIFE. THIS PROGRAM FOSTERS A SENSE OF COMMUNITY AND A SHARED EXPERIENCE FOR THE STUDENTS.

    Expenses $69,236

As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Phil Barnett

    PRESIDENT

    Total calculated
    $0
    Hours/week
    1
  • Echell Eady

    VICE-PRESIDENT

    Total calculated
    $0
    Hours/week
    1
  • Jennifer Foutch

    TREASURER

    Total calculated
    $0
    Hours/week
    1
  • Carter Owens

    SECRETARY

    Total calculated
    $0
    Hours/week
    1
  • Eric Gray

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1
  • Nancy Gastelum

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1
  • Tamara Gwyn

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1
  • Romel McMurry

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1
  • Regina Harvey

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1
  • Todd Meyers

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1
  • Meredith Thomas

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1
  • David Smith

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1
  • Matthew Joseph

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1
  • James Calder

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1
  • Jolene Radnoti

    EXECUTIVE DIRECTOR

    Total calculated
    $54,080
    From this org
    $54,080
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

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
2024
Filed
7 November 2025
IRS schema version
2024v5.2
Source object
202543179349308884

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