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Nonprofiteer
← READING HEART

Form 990 for tax year 2024

Filed by READING HEART.

Totals

Total revenue
$1,957,438
Total expenses
$393,239
Contributions and grants received
$1,957,438
Grants paid
$0
Program service revenue
$0
Investment income
$0
Other revenue
$0
Total assets, end of year
$3,671,912
Total liabilities, end of year
$0
Net assets or fund balances, end of year
$3,671,912
Program services expenses (Part IX)
$393,239
Management and general expenses
$0
Fundraising expenses
$0
Program service expenses (Part III)
$393,239

Program services were 100.0% 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

    $1,768,438

  • 1e · Government grants (contributions)

    $189,000

  • 1g · Noncash contributions included above

    $1,618,712

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

    $1,768,438

  • 8c · Net income from fundraising events

    total $0

Functional expenses

Part IX, the statement of functional expenses.

  • 11c · Fees: accounting

    total $1,500 · program services $1,500

  • 12 · Advertising and promotion

    total $16,498 · program services $16,498

  • 13 · Office expenses

    total $10,112 · program services $10,112

  • 14 · Information technology

    total $7,812 · program services $7,812

  • 22 · Depreciation, depletion and amortization

    total $23,441 · program services $23,441

  • 23 · Insurance

    total $28,898 · program services $28,898

  • 24a · Other expenses: EQUIPMENT

    total $16,989 · program services $16,989

  • 24b · Other expenses: SUPPLIES

    total $88,997 · program services $88,997

  • 24c · Other expenses: RENT

    total $84,000 · program services $84,000

  • 24d · Other expenses: FUEL

    total $28,872 · program services $28,872

  • 24e · All other expenses

    total $86,120 · program services $86,120

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $498,205

  • 15 · Other assets

    beginning of year $2,109,508 · end of year $3,671,912

  • 24 · Unsecured notes and loans payable

    beginning of year $500,000

  • 27 · Net assets without donor restrictions

    beginning of year $2,107,713 · end of year $3,671,912

Mission and programs · 2024

Mission

Reading Heart is a nonprofit, 501 (c) (3) book donation program dedicated to serving children in hospitals and children in areas with limited access to books.

  • day to day operations of organization on book collection, sorting, warehousing and distribution.

    Expenses $298,839

  • THE READ AND RUN SUMMER CAMP PROVIDES FREE BOOKS, HEALTHY FOOD AND FUN ACTIVITIES FOR KIDS.PARTNERING WITH FRESNO UNIFIED , WE ENGAGE STUDENTS IN READING, BOOK PUBLISHING, AND WELLNESS PROGRAMS, PROMOTING HEALTHY EATING, HEALTHY LERINGIN AND LIFESTYLE.

    Expenses $70,000 · Grants $109,000

  • The Education Matters Book Tour is a fun mini party for the whole school to enjoy that gets kids to learn about the importance of reading. Every child receives a free book of their choice and is encouraged to read then share the books when they are done.

    Expenses $10,000 · Grants $24,500

  • READING EXTRAVAGANZA IS A COMMUNITY EVENT AT ROEDING PARK WHERE WE HAND OUT 24000 FREE BOOKS TO FAMILIES BRINGING SCHOOLS VOLUNTEERS AND LOCAL GROUPS TOGETHER TO CELEBRATE LITERACY AND INSPIRE A LOVE FOR READING.

    Expenses $7,000 · Grants $27,500

  • THE TEACHERS LIBRARY PRESENTED BY CALVIVA HEALTH IS AN ANNUAL EVENT WHERE TEACHERS RECEIVE FREE BOOKS FOR THEIR CLASSROOMS, ENSURING STUDENTS HAVE ACCESS TO READING MATERIALS WHILE SUPPORTING LITERACY IN SCHOOLS.

    Expenses $6,900 · Grants $19,000

  • TRUNK OR TREAT IS A FUN HALLOWEEN EVENT WHERE FAMILIES ENJOY FREE BOOKS, FOOD AND ACTIVITIESIN A SAFE COMMUNITY DRIVEN ENVIRONMENT. PARTNERING WITH THE FIRST TEE, WE ALSO INTRODUCE KIDS TO GOLF WHILE PROMOTING LITERACY AND ENGAGEMENT.

    Expenses $500 · Grants $1,500

As filed on the 2024 return.

Listed in Part VII

  • Javier Elizondo

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • Dwayne Ferguson

    CEO

    Total calculated
    $0
    Hours/week
    40

  • Danay Ferguson

    PRESIDENT

    Total calculated
    $0
    Hours/week
    15

  • Vanessa Ferguson

    CFO

    Total calculated
    $0
    Hours/week
    30

  • Sara Brown

    SECRETARY

    Total calculated
    $0
    Hours/week
    2

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
15 April 2025
IRS schema version
2024v5.0
Source object
202540749349300334

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