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Nonprofiteer
← READ TO THEM INC

Form 990 for tax year 2023

Filed by READ TO THEM INC.

Totals

Total revenue
$4,968,131
Total expenses
$4,571,367
Contributions and grants received
$248,863
Grants paid
$0
Program service revenue
$4,693,867
Investment income
$25,401
Other revenue
$0
Total assets, end of year
$3,086,811
Total liabilities, end of year
$534,952
Net assets or fund balances, end of year
$2,551,859
Program services expenses (Part IX)
$3,743,902
Management and general expenses
$728,655
Fundraising expenses
$98,810
Program service expenses (Part III)
$3,743,902

Program services were 81.9% 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

    $248,863

  • 2a · Program service revenue: PROGRAM SERVICE REVENUE

    total $4,693,867 · related or exempt $4,693,867

  • 3 · Investment income

    total $25,401 · excluded $25,401

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $181,110 · program services $85,665 · management and general $69,546 · fundraising $25,899

  • 7 · Other salaries and wages

    total $712,576 · program services $486,294 · management and general $162,812 · fundraising $63,470

  • 8 · Pension plan contributions

    total $22,420 · program services $14,349 · management and general $5,829 · fundraising $2,242

  • 10 · Payroll taxes

    total $64,820 · program services $41,485 · management and general $16,853 · fundraising $6,482

  • 11b · Fees: legal

    total $747 · management and general $747

  • 11c · Fees: accounting

    total $23,914 · management and general $23,914

  • 11g · Fees: other

    total $10,179 · management and general $10,179

  • 12 · Advertising and promotion

    total $140,717 · management and general $140,717

  • 13 · Office expenses

    total $105,287 · program services $103,654 · management and general $916 · fundraising $717

  • 14 · Information technology

    total $31,464 · program services $31,464

  • 16 · Occupancy

    total $113,202 · management and general $113,202

  • 17 · Travel

    total $1,081 · management and general $1,081

  • 19 · Conferences, conventions and meetings

    total $15,818 · management and general $15,818

  • 22 · Depreciation, depletion and amortization

    total $7,577 · management and general $7,577

  • 23 · Insurance

    total $109,164 · management and general $109,164

  • 24a · Other expenses: BOOK, SUBSCRIPTIONS, REF

    total $2,980,991 · program services $2,980,991

  • 24b · Other expenses: BANK AND CREDIT CARD FEES

    total $23,747 · management and general $23,747

  • 24c · Other expenses: MISCELLANEOUS

    total $19,671 · management and general $19,671

  • 24d · Other expenses: TELEPHONE

    total $4,863 · management and general $4,863

  • 24e · All other expenses

    total $2,019 · management and general $2,019

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $774,967 · end of year $472,150

  • 2 · Savings and temporary cash investments

    beginning of year $530,342 · end of year $1,313,542

  • 4 · Accounts receivable

    beginning of year $353,673 · end of year $489,864

  • 8 · Inventories for sale or use

    beginning of year $62,350 · end of year $69,874

  • 9 · Prepaid expenses and deferred charges

    beginning of year $2,043 · end of year $2,073

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

    $69,012

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

    $49,399

  • 10c · Land, buildings and equipment, net

    beginning of year $27,190 · end of year $19,613

  • 11 · Investments: publicly traded securities

    beginning of year $573,105 · end of year $560,309

  • 15 · Other assets

    beginning of year $231,879 · end of year $159,386

  • 17 · Accounts payable and accrued expenses

    beginning of year $173,076 · end of year $294,816

  • 19 · Deferred revenue

    beginning of year $49,486 · end of year $65,544

  • 25 · Other liabilities

    beginning of year $250,551 · end of year $174,592

  • 27 · Net assets without donor restrictions

    beginning of year $2,082,436 · end of year $2,551,859

Mission and programs · 2023

Mission

WE USE THE POWER OF READING ALOUD TOGETHER TO BUILD CONNECTIONS ACROSS FAMILIES, SCHOOLS, AND COMMUNITIES TO CULTIVATE STUDENTS LEARNING AND SUCCESS.

  • IN FY24, READ TO THEM INC. HAS PROVIDED BOOKS AND FACILITATED COMMUNITY READING PROGRAMS FOR MORE THAN 615,000 STUDENTS IN OVER 1,500 SCHOOLS. READ TO THEM SUPPORTS SCHOOLS IN 48 STATES.

    Expenses $3,743,902 · Revenue $4,693,867

As filed on the 2023 return.

Listed in Part VII

  • CHRISTA DONOHUE

    EXECUTIVE DI

    Total calculated
    $169,555
    From this org
    $147,921
    From related orgs
    $0
    Other
    $21,634
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $147,921
    Bonus
    not reported
    Other
    not reported
    Deferred
    not reported
    Nontaxable benefits
    $21,634
    Filer's total
    $169,555

  • LYMAN COFFEY

    DIRECTOR OF

    Total calculated
    $110,502
    From this org
    $110,502
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

  • JESSICA ALLISON

    DIRECTOR

    Total calculated
    $0

  • ELIZABETH BLUE

    CHAIR

    Total calculated
    $0

  • OPAL CHRISTIE

    DIRECTOR

    Total calculated
    $0

  • KYLE ELLIOT

    DIRECTOR

    Total calculated
    $0

  • SAMANTHA OTERO

    DIRECTOR

    Total calculated
    $0

  • CATHY PLAGEMAN

    VICE CHAIR

    Total calculated
    $0

  • JENNA SMIGEL

    DIRECTOR

    Total calculated
    $0

  • DOUG WOOD

    TREASURER

    Total calculated
    $0

  • ELIZABETH VOSMIK

    SECRETARY

    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 · Compensation survey or study
  • 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
2023
Filed
7 November 2024
IRS schema version
2023v6.0
Source object
202530389349301008

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