Totals
- Total revenue
- $1,676,149
- Total expenses
- $1,848,741
- Contributions and grants received
- $1,394,736
- Grants paid
- $0
- Program service revenue
- $0
- Investment income
- $554
- Other revenue
- $280,859
- Total assets, end of year
- $1,213,854
- Total liabilities, end of year
- $324,585
- Net assets or fund balances, end of year
- $889,269
- Program services expenses (Part IX)
- $1,343,611
- Management and general expenses
- $209,446
- Fundraising expenses
- $295,684
- Program service expenses (Part III)
- $1,343,611
Program services were 72.7% 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.
-
1f · All other contributions, gifts and grants
$1,394,736
-
3 · Investment income
total $554 · excluded $554
-
8a · Fundraising events: gross income
$366,705
-
8b · Fundraising events: direct expenses
$85,846
-
8c · Net income from fundraising events
total $280,859
Functional expenses
Part IX, the statement of functional expenses.
-
5 · Compensation of officers, directors and key employees
total $158,451 · program services $52,817 · management and general $52,817 · fundraising $52,817
-
7 · Other salaries and wages
total $1,226,411 · program services $981,911 · management and general $82,278 · fundraising $162,222
-
9 · Other employee benefits
total $39,840 · program services $18,848 · management and general $8,204 · fundraising $12,788
-
10 · Payroll taxes
total $112,114 · program services $85,328 · management and general $10,441 · fundraising $16,345
-
11c · Fees: accounting
total $85,530 · program services $22,065 · management and general $31,142 · fundraising $32,323
-
12 · Advertising and promotion
total $13,706 · program services $12,419 · management and general $1,029 · fundraising $258
-
13 · Office expenses
total $45,777 · program services $34,547 · management and general $7,943 · fundraising $3,287
-
17 · Travel
total $491 · program services $491
-
19 · Conferences, conventions and meetings
total $1,650 · program services $1,650
-
20 · Interest
total $7,623 · program services $5,705 · management and general $738 · fundraising $1,180
-
22 · Depreciation, depletion and amortization
total $58,722 · program services $43,948 · management and general $5,687 · fundraising $9,087
-
23 · Insurance
total $10,655 · program services $6,902 · management and general $2,325 · fundraising $1,428
-
24a · Other expenses: BOOKS AND SUPPLIES
total $45,453 · program services $45,453
-
24b · Other expenses: SCHOOL AND LIBRARY RECEPT
total $20,103 · program services $20,103
-
24c · Other expenses: COMMUNICATIONS
total $10,574 · program services $7,914 · management and general $1,024 · fundraising $1,636
-
24d · Other expenses: PAYROLL PROCESSING
total $5,818 · management and general $5,818
-
24e · All other expenses
total $5,823 · program services $3,510 · fundraising $2,313
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $285,104 · end of year $276,086
-
2 · Savings and temporary cash investments
beginning of year $653,150 · end of year $370,523
-
3 · Pledges and grants receivable
beginning of year $125,277 · end of year $327,750
-
9 · Prepaid expenses and deferred charges
beginning of year $12,685 · end of year $12,392
-
10a · Land, buildings and equipment: cost or other basis
$29,853
-
10b · Land, buildings and equipment: accumulated depreciation
$22,432
-
10c · Land, buildings and equipment, net
beginning of year $9,170 · end of year $7,421
-
14 · Intangible assets
beginning of year $269,072 · end of year $214,343
-
15 · Other assets
beginning of year $5,339 · end of year $5,339
-
17 · Accounts payable and accrued expenses
beginning of year $22,205 · end of year $12,612
-
19 · Deferred revenue
beginning of year $2,500 · end of year $84,820
-
25 · Other liabilities
beginning of year $288,358 · end of year $227,153
-
27 · Net assets without donor restrictions
beginning of year $1,046,734 · end of year $889,269
Mission and programs · 2024
Mission
READING POWER, INC IS A NOT FOR PROFIT LITERACY 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 HIGH DOSAGE LITERACY TUTORING PROGRAM, 1:1 DURING THE SCHOOL DAY, TO STUDENTS IN K-2ND GRADE, WHO PERFORM BELOW THE 25TH PERCENTILE IN LITERACY ASSESSMENTS. IN THE PRESCHOOL PROGRAM ALL CHILDREN ARE SEEN AS IT IS A UNIVERSAL INTERVENTION.
Expenses $1,343,611
As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.
Listed in Part VII
-
Lisa BulzoniLISA BULZONI
CEO
- Total calculated
- $158,451
- From this org
- $158,451
- From related orgs
- $0
- Other
- $0
- Hours/week
- 50
Schedule J breakdown matched by us
- Base
- $158,451
- Bonus
- not reported
- Other
- not reported
- Deferred
- not reported
- Nontaxable benefits
- not reported
- Filer's total
- $158,451
-
Joanie AlleyJOANIE ALLEY
DIRECTOR
- Total calculated
- $0
-
Ann BatesANN BATES
SECRETARY
- Total calculated
- $0
-
Graham BaylyGRAHAM BAYLY
DIRECTOR
- Total calculated
- $0
-
Rachel BlandRACHEL BLAND
DIRECTOR
- Total calculated
- $0
-
Kathleen CowieKATHLEEN COWIE
DIRECTOR
- Total calculated
- $0
-
Michael GoldMICHAEL GOLD
DIRECTOR
- Total calculated
- $0
-
Mary Jane HenderMARY JANE HENDER
DIRECTOR
- Total calculated
- $0
-
Todd LitzsingerTODD LITZSINGER
DIRECTOR
- Total calculated
- $0
-
Betsy MatthewsBETSY MATTHEWS
DIRECTOR
- Total calculated
- $0
-
Kathy McFarlandKATHY MCFARLAND
CHARIMAN
- Total calculated
- $0
-
Jonathan McGeeJONATHAN MCGEE
DIRECTOR
- Total calculated
- $0
-
Pratik PatelPRATIK PATEL
DIRECTOR
- Total calculated
- $0
-
Sara PotichaSARA POTICHA
VICE CHAIRMA
- Total calculated
- $0
-
Justin SchiffmanJUSTIN SCHIFFMAN
DIRECTOR
- Total calculated
- $0
-
Bonnie ShlenskyBONNIE SHLENSKY
DIRECTOR
- Total calculated
- $0
-
Peter TingPETER TING
DIRECTOR
- Total calculated
- $0
-
Arthur TurnerARTHUR TURNER
DIRECTOR
- Total calculated
- $0
-
Mary WeberMARY WEBER
DIRECTOR
- Total calculated
- $0
-
Maggie WehmerMAGGIE WEHMER
DIRECTOR
- Total calculated
- $0
-
Keith WrightKEITH WRIGHT
DIRECTOR
- 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. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.
Schedule J
Answered yes
- 3 · Approval by the board or compensation committee
Answered no
- 4a · Severance or change-of-control payment
- 4b · Supplemental nonqualified retirement plan
- 4c · Equity-based compensation arrangement
- 5a · Pay contingent on this organization's revenues
- 5b · Pay contingent on a related organization's revenues
- 6a · Pay contingent on this organization's net earnings
- 6b · Pay contingent on a related organization's net earnings
- 7 · Other non-fixed payments
- 8 · Paid under the initial-contract exception
Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.
Grants on this return
No itemized grants to organizations on this return.
Provenance
- Return type
- form_990
- Tax year
- 2024
- Filed
- 20 February 2026
- IRS schema version
- 2024v5.0
- Source object
- 202600549349301335
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