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← RAISING A READER

Form 990 for tax year 2022

Filed by RAISING A READER.

Totals

Total revenue
$4,999,126
Total expenses
$4,680,618
Contributions and grants received
$1,559,768
Grants paid
$182,740
Program services expenses (Part IX)
$3,691,836
Management and general expenses
$648,721
Fundraising expenses
$340,061
Program service expenses (Part III)
$3,691,836

Program services were 78.9% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Listed in Part VII

  • Allan Casalou

    Director

    Total calculated
    $0
    Hours/week
    0.5

  • Carol Emig

    Chair

    Total calculated
    $0
    Hours/week
    0.5

  • Erica K Wood

    Treasurer

    Total calculated
    $0
    Hours/week
    0.5

  • Michelle Torgerson

    Director/President & CEO

    Total calculated
    $341,694
    From this org
    $319,189
    From related orgs
    $0
    Other
    $22,505
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $295,257
    Bonus
    $0
    Other
    $23,932
    Deferred
    $15,250
    Nontaxable benefits
    $7,255
    Filer's total
    $341,694

  • Sterling Speirn

    Secretary

    Total calculated
    $0
    Hours/week
    0.5

  • Jamay Lee

    Director (until January 2022)

    Total calculated
    $0
    Hours/week
    0.5

  • Jennifer Blatz

    Director

    Total calculated
    $0
    Hours/week
    0.5

  • Kirk Law

    Director

    Total calculated
    $0
    Hours/week
    0.5

  • Kris Perry

    Director

    Total calculated
    $0
    Hours/week
    0.5

  • Meredith Crooks

    Director

    Total calculated
    $0
    Hours/week
    0.5

  • Portia Kennel

    Director

    Total calculated
    $0
    Hours/week
    0.5

  • Jennifer Ford

    VP, Finance & Operations

    Total calculated
    $174,893
    From this org
    $166,574
    From related orgs
    $0
    Other
    $8,319
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $151,123
    Bonus
    $0
    Other
    $15,451
    Deferred
    $8,319
    Nontaxable benefits
    $0
    Filer's total
    $174,893

  • Michelle Hyman

    SVP, Programs & Partnerships

    Total calculated
    $215,475
    From this org
    $173,046
    From related orgs
    $0
    Other
    $42,429
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $160,690
    Bonus
    $0
    Other
    $12,356
    Deferred
    $9,203
    Nontaxable benefits
    $33,226
    Filer's total
    $215,475

  • Noelle Colome

    Director, Development & Communications

    Total calculated
    $154,787
    From this org
    $137,800
    From related orgs
    $0
    Other
    $16,987
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $133,812
    Bonus
    $0
    Other
    $3,988
    Deferred
    $3,007
    Nontaxable benefits
    $13,980
    Filer's total
    $154,787

  • Rebecca Armstrong

    AVP, Program & Affiliate Relations

    Total calculated
    $197,467
    From this org
    $171,266
    From related orgs
    $0
    Other
    $26,201
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $149,224
    Bonus
    $0
    Other
    $22,042
    Deferred
    $8,921
    Nontaxable benefits
    $17,280
    Filer's total
    $197,467

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 — 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 · Independent compensation consultant
  • 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

The filer's explanations (Part III)

Schedule J, Part II, Column (B)(iii) OTHER COMPENSATION
Other compensation in column B(iii) includes a one-time paid time off payout related to Raising a Reader's disaffiliation from Silicon Valley Community Foundation on 12/30/22.

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

The 10 largest by cash amount. The API serves every itemized grant.

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
2022
Filed
4 November 2023
IRS schema version
2022v5.0
Source object
202333089349300508

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

The source document this was parsed from is served over the API, which is where bulk and document access live.