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← ISLAND READERS AND WRITERS AN INITIATIVE FOR MAINE CHILDREN

Form 990 for tax year 2023

Filed by ISLAND READERS AND WRITERS AN INITIATIVE FOR MAINE CHILDREN.

Totals

Total revenue
$2,577,924
Total expenses
$512,657
Contributions and grants received
$2,525,030
Grants paid
$0
Program service revenue
$32,265
Investment income
$20,629
Other revenue
$0
Total assets, end of year
$2,528,739
Total liabilities, end of year
$4,149
Net assets or fund balances, end of year
$2,524,590
Program services expenses (Part IX)
$354,941
Management and general expenses
$82,905
Fundraising expenses
$74,811
Program service expenses (Part III)
$354,941

Program services were 69.2% 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

    $2,525,030

  • 1g · Noncash contributions included above

    $2,408

  • 2a · Program service revenue: MISC

    total $24,185 · excluded $24,185

  • 2b · Program service revenue: BOOK SALES

    total $8,080 · excluded $8,080

  • 3 · Investment income

    total $15,063 · excluded $15,063

  • 7a · Gross sales of assets other than inventory

    other assets $5,566

  • 7c · Gain or loss

    other assets $5,566

  • 7d · Net gain or loss

    total $5,566 · related or exempt $5,566

Functional expenses

Part IX, the statement of functional expenses.

  • 7 · Other salaries and wages

    total $255,062 · program services $173,733 · management and general $34,839 · fundraising $46,490

  • 9 · Other employee benefits

    total $28,125 · program services $22,500 · management and general $3,094 · fundraising $2,531

  • 10 · Payroll taxes

    total $20,827 · program services $14,186 · management and general $2,845 · fundraising $3,796

  • 11c · Fees: accounting

    total $9,235 · management and general $9,235

  • 11f · Fees: investment management

    total $1,195 · management and general $1,195

  • 12 · Advertising and promotion

    total $2,256 · program services $990 · management and general $1,266

  • 13 · Office expenses

    total $12,926 · management and general $11,494 · fundraising $1,432

  • 16 · Occupancy

    total $27,446 · program services $19,212 · management and general $8,234

  • 22 · Depreciation, depletion and amortization

    total $2,686 · program services $2,686

  • 23 · Insurance

    total $1,636 · management and general $1,636

  • 24a · Other expenses: PROGRAM

    total $122,177 · program services $112,814 · fundraising $9,363

  • 24b · Other expenses: FUNDRAISING

    total $11,118 · program services $328 · management and general $2 · fundraising $10,788

  • 24c · Other expenses: DEVELOPMENT

    total $10,874 · program services $1,912 · management and general $8,962

  • 24d · Other expenses: CONTRACT LABOR

    total $6,000 · program services $6,000

  • 24e · All other expenses

    total $1,094 · program services $580 · management and general $103 · fundraising $411

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $101,509 · end of year $98,195

  • 2 · Savings and temporary cash investments

    beginning of year $282,084 · end of year $242,214

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

    $23,263

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

    $14,854

  • 10c · Land, buildings and equipment, net

    beginning of year $11,095 · end of year $8,409

  • 11 · Investments: publicly traded securities

    beginning of year $61,259 · end of year $2,177,921

  • 15 · Other assets

    beginning of year $2,000 · end of year $2,000

  • 25 · Other liabilities

    beginning of year $982 · end of year $4,149

  • 27 · Net assets without donor restrictions

    beginning of year $431,465 · end of year $2,407,590

  • 28 · Net assets with donor restrictions

    beginning of year $25,500 · end of year $117,000

Mission and programs · 2023

Mission

ISLAND READERS & WRITERS' (IRW) MISSION IS TO INSPIRE A PASSION FOR READING AND LEARNING AMONG MAINE CHILDREN. OUR BOOK-BASED PROGRAMS ARE DESIGNED TO STRETCH IMAGINATIONS, DEVELOP CRITICAL AND REFLECTIVE THINKING SKILLS, AND EXPAND PERSPECTIVES AND ASPIRATIONS THROUGH HANDS-ON LEARNING ABOUT NATURAL HISTORY, SCIENCE, LITERATURE, AND ART.

  • IRW HAS THREE CORE PROGRAMS - ON-LINE, IN-SCHOOL AND IN-COMMUNITY. IRW PRESENTS IS AN ONLINE SERIES THAT BRINGS BOOK TALKS, PRESENTATIONS, INTERVIEWS AND WORKSHOPS TO TEACHERS, LIBRARIANS, PARENTS, AND ALL PEOPLE WHO LOVE CHILDREN'S BOOKS, WHEREVER THEY RESIDE. WE PARTNER WITH 26 SCHOOLS - (12) ON COASTAL ISLANDS AND (14) IN REMOTE COMMUNITIES IN WASHINGTON COUNTY TO BRING GREAT STORIES TO LIFE. WE WORK CLOSELY WITH MAINE AUTHORS AND ILLUSTRATORS, SCIENTISTS, HISTORIANS, TEACHERS, SCHOOL ADMINISTRATORS, AND LOCAL VOLUNTEERS, TO ENSURE THAT OUR PROGRAMS MEET THE NEEDS AND INTERESTS OF THE CHILDREN, FAMILIES AND COMMUNITIES WE SERVE. WE LEAD AND COLLABORATE WITH OTHERS IN BUILDING HEALTHY COMMUNITIES THAT SUPPORT AND VALUE CHILDREN READING AND LEARNING. WE PROVIDE PROFESSIONAL DEVELOPMENT TO EDUCATORS AND INNOVATIVE PROGRAMS FOR EARLY LEARNERS USING THE WHOLE BOOK APPROACH AND VISUAL THINKING STRATEGIES TO EXPLORE HOW WORDS AND IMAGES COME TOGETHER TO TELL A STORY. IN 2020, IRW WAS RECOGNIZED BY THE LIBRARY OF CONGRESS WITH AN AWARD FOR LITERACY FOR "ITS EFFECTIVE IMPLEMENTATION OF BEST PRACTICES IN LITERACY AND READING PROMOTION."

    Expenses $354,941

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Jan Coates

    EXECUTIVE DI

    Total calculated
    $82,629
    From this org
    $82,629
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

  • Elizabeth Hodder Corbus

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Michelle Finn

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Andrea Gilmore

    SECRETARY

    Total calculated
    $0
    Hours/week
    1

  • Alexandra Hinrichs

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Dr Deborah Jamieson

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Dr Debra Lay

    PRESIDENT

    Total calculated
    $0
    Hours/week
    3

  • Susan Peck

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Allison Kupfer Poteet

    TREASURER

    Total calculated
    $0
    Hours/week
    1

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
2023
Filed
15 June 2024
IRS schema version
2023v5.0
Source object
202401769349300830

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