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Nonprofiteer
← PRIME TIME FAMILY READING

Form 990 for tax year 2024

Filed by PRIME TIME FAMILY READING.

Totals

Total revenue
$11,239,768
Total expenses
$10,731,233
Contributions and grants received
$11,239,763
Grants paid
$0
Program service revenue
$0
Investment income
$5
Other revenue
$0
Total assets, end of year
$5,047,659
Total liabilities, end of year
$1,251,665
Net assets or fund balances, end of year
$3,795,994
Program services expenses (Part IX)
$9,764,568
Management and general expenses
$966,665
Fundraising expenses
$0
Program service expenses (Part III)
$9,764,568

Program services were 91.0% 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.

  • 1e · Government grants (contributions)

    $11,239,763

  • 3 · Investment income

    total $5 · excluded $5

Functional expenses

Part IX, the statement of functional expenses.

  • 7 · Other salaries and wages

    total $5,831,457 · program services $5,831,457

  • 9 · Other employee benefits

    total $793,042 · program services $793,042

  • 10 · Payroll taxes

    total $439,503 · program services $439,503

  • 17 · Travel

    total $26,770 · program services $26,770

  • 19 · Conferences, conventions and meetings

    total $12,096 · program services $12,096

  • 22 · Depreciation, depletion and amortization

    total $286,066 · program services $286,066

  • 24a · Other expenses: OPERATING EXPENSES

    total $1,458,108 · program services $1,383,276 · management and general $74,832

  • 24b · Other expenses: ALLOCATED EXPENSES

    total $891,750 · management and general $891,750

  • 24c · Other expenses: CONSULTANTS EXPENSE

    total $430,905 · program services $430,823 · management and general $82

  • 24d · Other expenses: REPAIRS & MAINTENANCE

    total $299,799 · program services $299,799

  • 24e · All other expenses

    total $261,737 · program services $261,736 · management and general $1

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $533,310 · end of year $279,737

  • 3 · Pledges and grants receivable

    beginning of year $729,625 · end of year $830,594

  • 9 · Prepaid expenses and deferred charges

    beginning of year $83,350 · end of year $32,644

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

    $4,314,468

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

    $862,543

  • 10c · Land, buildings and equipment, net

    beginning of year $3,025,498 · end of year $3,451,925

  • 15 · Other assets

    beginning of year $70,757 · end of year $452,759

  • 17 · Accounts payable and accrued expenses

    beginning of year $740,911 · end of year $715,731

  • 19 · Deferred revenue

    beginning of year $343,413 · end of year $83,254

  • 25 · Other liabilities

    beginning of year $70,757 · end of year $452,680

  • 27 · Net assets without donor restrictions

    beginning of year $3,287,459 · end of year $3,795,994

Mission and programs · 2024

Mission

THE MISSION OF PRIME TIME FAMILY READING IS TO CREATE THE PRECONDITION FOR FUTURE LEARNING AMONG ECONOMICALLY AND EDUCATIONALLY VULNERABLE FAMILIES.

  • IN SEPTEMBER 2016, PRIME TIME WAS SELECTED BY THE FEDERAL OFFICE OF HEAD START TO ADMINISTER A HEAD START PROGRAM IN OUACHITA PARISH, LA, SERVING 505 STUDENTS. PRIME TIME HAS TRANSITIONED OUT OF OUACHITA PARISH AS OF MAY 2023. IN SEPTEMBER 2020, PRIME TIME WAS SELECTED TO ADMINISTER THE HEAD START AND EARLY HEAD START PROGRAM FOR LAFAYETTE AND IBERIA PARISH, LA, SERVING 635 STUDENTS WITH A HIGH-QUALITY, COMPREHENSIVE HEAD START PROGRAM.

    Expenses $9,764,568

  • PRIME TIME DIRECTLY EXECUTES A SET OF UNIQUE, HUMANITIES-FOCUSED, OUTCOMES-BASED PROGRAMS DESIGNED TO ENGAGE UNDERSERVED CHILDREN AND FAMILIES. CREATED IN 1991, PRIME TIME READING ROGRAMS ARE PROVEN TO GENERATE LONG-TERM IMPROVEMENTS IN FAMILY ENGAGEMENT AND STUDENT ACADEMIC ACHIEVEMENT. PRIME TIME PROGRAMS OFFER PARTNER SITES SUCH AS LIBRARIES, SCHOOLS, AND OTHER COMMUNITY SERVICE AGENCIES RESEARCH-BASED INITIATIVES THAT ENGAGE CHILDREN, PARENTS, TEACHERS, EDUCATION ADMINISTRATORS, AND THE COMMUNITY AT-LARGE IN HIGH-QUALITY, FAMILY-FOCUSED LEARNING EXPERIENCES. PRIME TIME DIRECTLY OPERATES ACROSS THE ENTIRE STATE OF LOUISIANA AND IS LICENSED ACROSS THE ENTIRE UNITED STATES.

As filed on the 2024 return.

Listed in Part VII

  • Randy Haynie

    CHAIR - BOARD OF DIRECTORS

    Total calculated
    $0
    Hours/week
    0.5 + 2 related
  • Linda Holyfield

    VICE CHAIR - BOARD OF DIRE

    Total calculated
    $0
    Hours/week
    0.5 + 1 related
  • Mark Gremillion

    TREASURER - BOARD OF DIREC

    Total calculated
    $0
    Hours/week
    0.5 + 1 related
  • Kellen Mathews

    SECRETARY- BOARD OF DIREC

    Total calculated
    $0
    Hours/week
    0.5 + 2 related
  • Melinda Mintz

    IMMEDIATE PAST-CHAIR

    Total calculated
    $0
    Hours/week
    0.5 + 1 related
  • Sharonda Williams

    BOARD OF DIRECTORS

    Total calculated
    $0
    Hours/week
    0.5 + 1 related
  • Holly Wilson

    BOARD OF DIRECTORS

    Total calculated
    $0
    Hours/week
    0.5 + 1 related
  • Faye Flanagan

    BOARD OF DIRECTORS

    Total calculated
    $0
    Hours/week
    0.5 + 1 related
  • Rebecca Collins

    BOARD OF DIRECTORS

    Total calculated
    $0
    Hours/week
    0.5 + 1 related
  • Ty Bromell

    BOARD OF DIRECTORS

    Total calculated
    $0
    Hours/week
    0.5 + 1 related
  • Sharlene Sinegal-Decuir

    BOARD OF DIRECTORS

    Total calculated
    $0
    Hours/week
    0.5 + 1 related
  • Wendell Riley

    BOARD OF DIRECTORS

    Total calculated
    $0
    Hours/week
    0.5 + 1 related
  • Mimi Moyse Schlesinger

    BOARD OF DIRECTORS

    Total calculated
    $0
    Hours/week
    0.5 + 1 related
  • Miranda Restovic

    PRESIDENT/EXECUTIVE DIRECT

    Total calculated
    $272,517
    From this org
    $0
    From related orgs
    $248,992
    Other
    $23,525
    Hours/week
    10 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $248,992 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $10,400 related
    Nontaxable benefits
    $0 + $13,125 related
    Filer's total
    $0 + $272,517 related

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

None.

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.

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Provenance

Return type
form_990
Tax year
2024
Filed
11 September 2026
IRS schema version
2024v5.5
Source object
202642549349301779

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