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Nonprofiteer
← READING POWER INC

Form 990 for tax year 2022

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This return was superseded by a later amendment.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 2022 , filed 11 December 2023. 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
$1,242,929
Total expenses
$1,396,059
Contributions and grants received
$1,006,092
Grants paid
$0
Program service revenue
$0
Investment income
$17,561
Other revenue
$219,276
Total assets, end of year
$1,182,434
Total liabilities, end of year
$404,941
Net assets or fund balances, end of year
$777,493
Program services expenses (Part IX)
$983,148
Management and general expenses
$139,206
Fundraising expenses
$273,705
Program service expenses (Part III)
$983,148

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)

    $1,006,092

  • 3 · Investment income

    total $17,561 · related or exempt $17,561

  • 8a · Fundraising events: gross income

    $294,684

  • 8b · Fundraising events: direct expenses

    $75,408

  • 8c · Net income from fundraising events

    total $219,276

Functional expenses

Part IX, the statement of functional expenses.

  • 7 · Other salaries and wages

    total $961,021 · program services $707,026 · management and general $77,652 · fundraising $176,343

  • 9 · Other employee benefits

    total $23,946 · program services $15,606 · management and general $4,200 · fundraising $4,140

  • 10 · Payroll taxes

    total $79,442 · program services $56,969 · management and general $8,264 · fundraising $14,209

  • 11c · Fees: accounting

    total $76,902 · program services $11,602 · management and general $29,508 · fundraising $35,792

  • 12 · Advertising and promotion

    total $30,069 · program services $9,323 · management and general $3,742 · fundraising $17,004

  • 13 · Office expenses

    total $37,505 · program services $25,777 · management and general $5,584 · fundraising $6,144

  • 17 · Travel

    total $3,890 · program services $2,862 · management and general $314 · fundraising $714

  • 19 · Conferences, conventions and meetings

    total $6,006 · program services $6,006

  • 20 · Interest

    total $821 · program services $293 · management and general $162 · fundraising $366

  • 22 · Depreciation, depletion and amortization

    total $14,314 · program services $13,109 · management and general $369 · fundraising $836

  • 23 · Insurance

    total $6,402 · program services $4,710 · management and general $517 · fundraising $1,175

  • 24a · Other expenses: SCHOOL AND LIBRARY RECEPT

    total $63,662 · program services $63,662

  • 24b · Other expenses: BOOKS AND SUPPLIES

    total $47,643 · program services $47,643

  • 24c · Other expenses: COMPUTER AND EQUIPMENT

    total $17,843 · program services $6,121 · management and general $2,682 · fundraising $9,040

  • 24d · Other expenses: COMMUNICATIONS

    total $15,592 · program services $7,752 · management and general $5,907 · fundraising $1,933

  • 24e · All other expenses

    total $11,001 · program services $4,687 · management and general $305 · fundraising $6,009

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $946,682 · end of year $141,877

  • 2 · Savings and temporary cash investments

    end of year $615,147

  • 3 · Pledges and grants receivable

    end of year $10,500

  • 9 · Prepaid expenses and deferred charges

    beginning of year $1,700 · end of year $25,549

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

    $81,224

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

    $22,706

  • 10c · Land, buildings and equipment, net

    beginning of year $35,813 · end of year $58,518

  • 14 · Intangible assets

    end of year $323,804

  • 15 · Other assets

    end of year $7,039

  • 17 · Accounts payable and accrued expenses

    beginning of year $12,692 · end of year $41,935

  • 19 · Deferred revenue

    end of year $29,191

  • 25 · Other liabilities

    beginning of year $40,880 · end of year $333,815

  • 27 · Net assets without donor restrictions

    beginning of year $905,865 · end of year $777,493

  • 28 · Net assets with donor restrictions

    beginning of year $24,758

Mission and programs · 2022

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 $983,148

As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Joanie Alley

    DIRECTOR

    Total calculated
    $0

  • Ann Bates

    DIRECTOR

    Total calculated
    $0

  • Kathleen Cowie

    SECRETARY

    Total calculated
    $0

  • John Davidson

    DIRECTOR

    Total calculated
    $0

  • Rob Davis

    DIRECTOR

    Total calculated
    $0

  • Mary Jane Hender

    DIRECTOR

    Total calculated
    $0

  • Todd Litzsinger

    DIRECTOR

    Total calculated
    $0

  • Marra Lochiatto

    VICE CHAIRMA

    Total calculated
    $0

  • Rahul Malhotra

    DIRECTOR

    Total calculated
    $0

  • Kathy McFarland

    CHAIRMAN

    Total calculated
    $0

  • Melinda Mooney

    DIRECTOR

    Total calculated
    $0

  • Jacalyn Ramdin-Johnson

    DIRECTOR

    Total calculated
    $0

  • Beverky Raudabaugh

    DIRECTOR

    Total calculated
    $0

  • Frank Sibley

    DIRECTOR

    Total calculated
    $0

  • Arthur Turner

    DIRECTOR

    Total calculated
    $0

  • Mary Weber

    DIRECTOR

    Total calculated
    $0

  • Tom Wood

    DIRECTOR

    Total calculated
    $0

  • Jim Young

    TRASURER

    Total calculated
    $0

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
2022
Filed
11 December 2023
IRS schema version
2022v5.0
Source object
202303489349300320

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