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Nonprofiteer
← READING HEART

Form 990 for tax year 2022

Filed by READING HEART.

Totals

Total revenue
$1,177,457
Total expenses
$277,582
Contributions and grants received
$1,177,457
Grants paid
$0
Program service revenue
$0
Investment income
$0
Other revenue
$0
Total assets, end of year
$2,119,922
Total liabilities, end of year
$0
Net assets or fund balances, end of year
$2,119,922
Program services expenses (Part IX)
$277,582
Management and general expenses
$0
Fundraising expenses
$0
Program service expenses (Part III)
$277,582

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

    $1,076,457

  • 1e · Government grants (contributions)

    $101,000

  • 1g · Noncash contributions included above

    $948,000

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

    $1,076,457

Functional expenses

Part IX, the statement of functional expenses.

  • 11c · Fees: accounting

    total $1,399 · program services $1,399

  • 12 · Advertising and promotion

    total $6,236 · program services $6,236

  • 13 · Office expenses

    total $5,972 · program services $5,972

  • 22 · Depreciation, depletion and amortization

    total $30,876 · program services $30,876

  • 23 · Insurance

    total $16,448 · program services $16,448

  • 24a · Other expenses: EQUIPMENT

    total $7,520 · program services $7,520

  • 24b · Other expenses: SUPPLIES

    total $63,073 · program services $63,073

  • 24c · Other expenses: RENT

    total $61,424 · program services $61,424

  • 24d · Other expenses: FUEL

    total $10,553 · program services $10,553

  • 24e · All other expenses

    total $74,081 · program services $74,081

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $35,769 · end of year $241,712

  • 15 · Other assets

    end of year $1,878,210

  • 24 · Unsecured notes and loans payable

    beginning of year $500,000

  • 27 · Net assets without donor restrictions

    beginning of year -$464,231 · end of year $2,119,922

Mission and programs · 2022

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.

  • 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 $94,848 · Grants $61,000

  • BUILDING MOBILE LIBRARIES

    Expenses $91,000 · Revenue $50,000

  • BOOK SORTING EVENT IN PARTNERSHIP WITH A CHURCHES TO SORT 200000 BOOKS.

    Expenses $42,009

  • FOOD AND BOOK GIVEAWAY.

    Expenses $30,900 · Grants $10,000

  • FREE BOOK BINS. COLLECTED AND REFURBISHED OLD NEW PAPER BINS INTO BOOK DISTRIBUTION BINS TO BE PLACED THROUGHOUT EMPOVERISHED AREAS OF THE CITY AND RURAL AREAS.

    Expenses $18,825 · Revenue $1,020

As filed on the 2022 return.

Listed in Part VII

  • Javier Elizondo

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • Sara Brown

    SECRETARY

    Total calculated
    $0
    Hours/week
    2

  • Vanessa Ferguson

    CFO

    Total calculated
    $0
    Hours/week
    30

  • Dwayne Ferguson

    CEO

    Total calculated
    $0
    Hours/week
    40

  • Danay Ferguson

    PRESIDENT

    Total calculated
    $0
    Hours/week
    15

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 April 2023
IRS schema version
2022v5.0
Source object
202321759349300502

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