Form 990 for tax year 2023
Filed by READING POWER INC.
This return was superseded by a later amendment. matched by us It is kept because history is preserved rather than replaced.
What the amendment changed
Compared with the latest return for 2023 , filed 3 December 2024. matched by us Only the return's totals, a 990-PF's accounting method and the names listed in Part VII (Part VIII on a 990-PF) are compared. We relate returns by organization, tax year and form, and order them by each return's own timestamp; the filer's own "amended return" checkbox is a separate fact.
Those are the same on the two returns, so the amendment changed something else.
Totals
- Total revenue
- $1,917,784
- Total expenses
- $1,597,424
- Contributions and grants received
- $1,488,350
- Grants paid
- $0
- Program service revenue
- $0
- Investment income
- $27,226
- Other revenue
- $402,208
- Total assets, end of year
- $1,359,797
- Total liabilities, end of year
- $313,063
- Net assets or fund balances, end of year
- $1,046,734
- Program services expenses (Part IX)
- $1,123,858
- Management and general expenses
- $153,703
- Fundraising expenses
- $319,863
- Program service expenses (Part III)
- $1,123,858
Program services were 70.4% 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.
-
1e · Government grants (contributions)
$1,488,350
-
3 · Investment income
total $27,226 · related or exempt $27,226
-
8a · Fundraising events: gross income
$490,633
-
8b · Fundraising events: direct expenses
$88,425
-
8c · Net income from fundraising events
total $402,208
Functional expenses
Part IX, the statement of functional expenses.
-
7 · Other salaries and wages
total $1,135,469 · program services $838,101 · management and general $85,393 · fundraising $211,975
-
9 · Other employee benefits
total $29,831 · program services $16,747 · management and general $5,102 · fundraising $7,982
-
10 · Payroll taxes
total $83,528 · program services $61,653 · management and general $6,281 · fundraising $15,594
-
11c · Fees: accounting
total $95,962 · program services $21,148 · management and general $33,203 · fundraising $41,611
-
12 · Advertising and promotion
total $35,816 · program services $20,641 · management and general $2,370 · fundraising $12,805
-
13 · Office expenses
total $39,794 · program services $28,691 · management and general $7,773 · fundraising $3,330
-
17 · Travel
total $1,378 · program services $1,017 · management and general $104 · fundraising $257
-
19 · Conferences, conventions and meetings
total $1,172 · program services $1,172
-
20 · Interest
total $9,085 · program services $6,703 · management and general $687 · fundraising $1,695
-
22 · Depreciation, depletion and amortization
total $60,254 · program services $40,282 · management and general $5,735 · fundraising $14,237
-
23 · Insurance
total $4,669 · program services $2,596 · management and general $1,416 · fundraising $657
-
24a · Other expenses: BOOKS AND SUPPLIES
total $58,296 · program services $58,296
-
24b · Other expenses: COMMUNICATIONS
total $13,633 · program services $10,063 · management and general $1,025 · fundraising $2,545
-
24c · Other expenses: SCHOOL AND LIBRARY RECEPT
total $12,963 · program services $12,963
-
24d · Other expenses: BANK AND CREDIT CARD FEES
total $6,959 · fundraising $6,959
-
24e · All other expenses
total $8,615 · program services $3,785 · management and general $4,614 · fundraising $216
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $141,877 · end of year $285,104
-
2 · Savings and temporary cash investments
beginning of year $615,147 · end of year $653,150
-
3 · Pledges and grants receivable
beginning of year $10,500 · end of year $125,277
-
9 · Prepaid expenses and deferred charges
beginning of year $25,549 · end of year $12,685
-
10a · Land, buildings and equipment: cost or other basis
$27,609
-
10b · Land, buildings and equipment: accumulated depreciation
$18,439
-
10c · Land, buildings and equipment, net
beginning of year $58,518 · end of year $9,170
-
14 · Intangible assets
beginning of year $323,804 · end of year $269,072
-
15 · Other assets
beginning of year $7,039 · end of year $5,339
-
17 · Accounts payable and accrued expenses
beginning of year $41,935 · end of year $22,205
-
19 · Deferred revenue
beginning of year $29,191 · end of year $2,500
-
25 · Other liabilities
beginning of year $333,815 · end of year $288,358
-
27 · Net assets without donor restrictions
beginning of year $777,493 · end of year $1,046,734
Mission and programs · 2023
Mission
READING POWER, INC IS A NOT FOR PROFIT LITER1CY TUTORING PROGRAM SERVING LOW-ACHIEVING CHILDREN ATTENDING ELEMENTARY SCHOOLS. THEIR MISSION IS TO ACCELERATE CHILDREN'S LITERACY LEARNING AND TO DEVELOP IN THEM A LOVE OF READING AND WRITING. THIS GOAL IS ACCOMPLISHED THROUGH AN INDEPENDENT TUTORING PROGRAM WORKING IN PARTNERSHIP WITH THE SCHOOLS. THE BELIEF IS THAT ALL CHILDREN DESERVE TO REACH THEIR ACADEMIC POTENTIAL.
-
PROVIDED A LITERACY TUTORING PROGRAM SERVING LOW ACHIEVING ELEMENTARY SCHOOL CHILDREN.
Expenses $1,123,858
As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.
Listed in Part VII
-
Joanie AlleyJOANIE ALLEY
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Ann BatesANN BATES
SECRETARY
- Total calculated
- $0
- Hours/week
- 1
-
Rachel BlandRACHEL BLAND
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Kathleen CowieKATHLEEN COWIE
VICE CHAIR
- Total calculated
- $0
- Hours/week
- 1
-
Rob DavisROB DAVIS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Michael GoldMICHAEL GOLD
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Mary Jane HenderMARY JANE HENDER
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Todd LitzsingerTODD LITZSINGER
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Rahul MalhotraRAHUL MALHOTRA
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Kathy McFarlandKATHY MCFARLAND
CHARIMAN
- Total calculated
- $0
- Hours/week
- 1
-
Jonathan McGeeJONATHAN MCGEE
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Melinda MooneyMELINDA MOONEY
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Pratik PatelPRATIK PATEL
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Sara PotichaSARA POTICHA
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Jacalyn Ramdin-JohnsonJACALYN RAMDIN-JOHNSON
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Beverly RaudabaughBEVERLY RAUDABAUGH
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Frank SibleyFRANK SIBLEY
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Peter TingPETER TING
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Arthur TurnerARTHUR TURNER
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Mary WeberMARY WEBER
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Jim YoungJIM YOUNG
TREASURER
- Total calculated
- $0
- Hours/week
- 1
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
- 3 December 2024
- IRS schema version
- 2023v5.0
- Source object
- 202403519349301355
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