Totals
- Total revenue
- $767,901
- Total expenses
- $880,027
- Contributions and grants received
- $765,137
- Grants paid
- $0
- Program service revenue
- $0
- Investment income
- $40,143
- Other revenue
- -$37,379
- Total assets, end of year
- $1,930,623
- Total liabilities, end of year
- $125,122
- Net assets or fund balances, end of year
- $1,805,501
- Program services expenses (Part IX)
- $546,781
- Management and general expenses
- $119,115
- Fundraising expenses
- $214,131
- Program service expenses (Part III)
- $546,781
Program services were 62.1% 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.
-
1c · Fundraising events
$201,909
-
1e · Government grants (contributions)
$186,310
-
1f · All other contributions, gifts and grants
$376,918
-
3 · Investment income
total $40,143 · excluded $40,143
-
8a · Fundraising events: gross income
$0
-
8a · Fundraising events: contributions included on line 1c
$201,909
-
8b · Fundraising events: direct expenses
$37,390
-
8c · Net income from fundraising events
total -$37,390 · excluded -$37,390
-
11a · Other revenue: Other
total $11 · excluded $11
-
11e · Other revenue, total
$11
Functional expenses
Part IX, the statement of functional expenses.
-
5 · Compensation of officers, directors and key employees
total $146,035 · program services $41,025 · management and general $61,200 · fundraising $43,810
-
7 · Other salaries and wages
total $331,303 · program services $251,032 · fundraising $80,271
-
8 · Pension plan contributions
total $6,555 · program services $803 · management and general $1,918 · fundraising $3,834
-
9 · Other employee benefits
total $23,565 · program services $5,554 · management and general $11,955 · fundraising $6,056
-
10 · Payroll taxes
total $41,436 · program services $24,511 · management and general $6,288 · fundraising $10,637
-
11c · Fees: accounting
total $20,808 · program services $8,308 · management and general $12,500
-
11e · Fees: professional fundraising services
total $17,163 · fundraising $17,163
-
11g · Fees: other
total $235,667 · program services $179,403 · management and general $10,890 · fundraising $45,374
-
13 · Office expenses
total $23,081 · program services $9,746 · management and general $6,537 · fundraising $6,798
-
17 · Travel
total $1,849 · program services $998 · management and general $706 · fundraising $145
-
23 · Insurance
total $6,621 · management and general $6,621
-
24a · Other expenses: Program evaluation
total $17,200 · program services $17,200
-
24b · Other expenses: Program materials
total $7,557 · program services $7,527 · management and general $28 · fundraising $2
-
24e · All other expenses
total $1,187 · program services $674 · management and general $472 · fundraising $41
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $1,077,730 · end of year $934,664
-
2 · Savings and temporary cash investments
beginning of year $194,362 · end of year $258,371
-
3 · Pledges and grants receivable
beginning of year $213,692 · end of year $157,599
-
9 · Prepaid expenses and deferred charges
beginning of year $3,750 · end of year $0
-
11 · Investments: publicly traded securities
beginning of year $557,130 · end of year $579,989
-
17 · Accounts payable and accrued expenses
beginning of year $149,395 · end of year $123,346
-
18 · Grants payable
beginning of year $2,500 · end of year $1,776
-
27 · Net assets without donor restrictions
beginning of year $1,649,769 · end of year $1,745,501
-
28 · Net assets with donor restrictions
beginning of year $245,000 · end of year $60,000
Mission and programs · 2023
Mission
Year-round, one-to-one tutoring program provided at Title 1 schools to students not at grade-level proficiency in reading. Tutors are area teens recruited and trained to deliver reading support.
Activities or mission (Part I)
Propel young students to become inspired readers and teens to become impactful leaders.
-
During the 2023-2024 school year, Team Read supported 453 elementary school students strengthen their reading skills and grow in confidence. 440 high school students were trained as reading coaches and made a difference in their community by supporting early literacy. On average, each reader learned 370 sight words, read 49 books, and improved 4 reading levels. 100% of elementary school principals agreed, or strongly agreed, that Team Read is a quality program. 93% of parents said that Team Read helped improve their child's reading skills.Team Read is committed to supporting young students to become inspired, joyful readers and teens to become impactful leaders, ready to succeed in school and life, building stronger communities for all.
Expenses $546,781
As filed on the 2023 return.
Listed in Part VII
-
Matt Hrdlicka
President
- Total calculated
- $0
- Hours/week
- 4
-
Ingrid Stegemoeller
Vice President
- Total calculated
- $0
- Hours/week
- 2
-
Meli Gass
Secretary
- Total calculated
- $0
- Hours/week
- 1
-
Veronica Cook
Treasurer
- Total calculated
- $0
- Hours/week
- 1
-
Rachell Gulanes
Board member
- Total calculated
- $0
- Hours/week
- 1
-
Seana Hayden
Board member
- Total calculated
- $0
- Hours/week
- 1
-
Donna Lou
Board member
- Total calculated
- $0
- Hours/week
- 1
-
Binu Mathew
Board member
- Total calculated
- $0
- Hours/week
- 1
-
Jennifer Wong
Board member
- Total calculated
- $0
- Hours/week
- 1
-
Anjali Bhagat
Board member
- Total calculated
- $0
- Hours/week
- 1
-
Matt Kostecka
Board member
- Total calculated
- $0
- Hours/week
- 1
-
Karen Lonergan
Board member
- Total calculated
- $0
- Hours/week
- 1
-
Adrienne Voermans
Board member
- Total calculated
- $0
- Hours/week
- 1
-
Yolanda Eng
Board member
- Total calculated
- $0
- Hours/week
- 1
-
Shubha Jayaram
Board member
- Total calculated
- $0
- Hours/week
- 1
-
Lindsay O'Conner
Board member
- Total calculated
- $0
- Hours/week
- 1
-
Melissa Pailthorp
Former Executive Director
- Total calculated
- $137,937
- From this org
- $133,919
- From related orgs
- $0
- Other
- $4,018
- Hours/week
- 40
-
Ebony Pattenaude
Executive Director
- Total calculated
- $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
- 2023
- Filed
- 2 July 2025
- IRS schema version
- 2023v6.0
- Source object
- 202531839349300418
Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.
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