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← READING IS FUNDAMENTAL PITTSBURG

Form 990 for tax year 2022

Filed by READING IS FUNDAMENTAL PITTSBURG.

Totals

Total revenue
$1,284,111
Total expenses
$1,381,766
Contributions and grants received
$1,185,530
Grants paid
$0
Program service revenue
$44,360
Investment income
$54,221
Other revenue
$0
Total assets, end of year
$3,401,219
Total liabilities, end of year
$153,451
Net assets or fund balances, end of year
$3,247,768
Program services expenses (Part IX)
$1,176,428
Management and general expenses
$74,748
Fundraising expenses
$130,590
Program service expenses (Part III)
$1,176,428

Program services were 85.1% 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)

    $129,591

  • 1f · All other contributions, gifts and grants

    $1,055,939

  • 1g · Noncash contributions included above

    $13,000

  • 2a · Program service revenue: BOOKS FOR KEEPS

    total $32,120 · related or exempt $32,120

  • 2b · Program service revenue: STORYMOBILE

    total $12,240 · related or exempt $12,240

  • 3 · Investment income

    total $54,221 · excluded $54,221

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $235,125 · program services $184,906 · management and general $18,304 · fundraising $31,915

  • 7 · Other salaries and wages

    total $482,954 · program services $379,792 · management and general $37,611 · fundraising $65,551

  • 9 · Other employee benefits

    total $62,322 · program services $49,029 · management and general $4,830 · fundraising $8,463

  • 10 · Payroll taxes

    total $53,971 · program services $43,093 · management and general $4,057 · fundraising $6,821

  • 11b · Fees: legal

    total $2,926 · program services $2,048 · management and general $439 · fundraising $439

  • 11c · Fees: accounting

    total $26,831 · program services $18,781 · management and general $4,025 · fundraising $4,025

  • 11g · Fees: other

    total $3,024 · program services $2,116 · management and general $454 · fundraising $454

  • 13 · Office expenses

    total $23,181 · program services $14,371 · management and general $2,180 · fundraising $6,630

  • 16 · Occupancy

    total $29,791 · program services $26,067 · management and general $1,241 · fundraising $2,483

  • 17 · Travel

    total $16,870 · program services $16,576 · management and general $147 · fundraising $147

  • 22 · Depreciation, depletion and amortization

    total $53,341 · program services $53,341

  • 23 · Insurance

    total $20,118 · program services $19,782 · management and general $168 · fundraising $168

  • 24a · Other expenses: BOOKS

    total $312,303 · program services $312,303 · management and general $0 · fundraising $0

  • 24b · Other expenses: OTHER PROGRAM EXPENSES

    total $48,483 · program services $48,483 · management and general $0 · fundraising $0

  • 24c · Other expenses: TRAINING & DEVELOPMENT

    total $5,907 · program services $4,135 · management and general $886 · fundraising $886

  • 24e · All other expenses

    total $4,619 · program services $1,605 · management and general $406 · fundraising $2,608

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $293,312 · end of year $226,501

  • 2 · Savings and temporary cash investments

    beginning of year $2,062,528 · end of year $2,453,488

  • 3 · Pledges and grants receivable

    beginning of year $488,524 · end of year $391,688

  • 4 · Accounts receivable

    beginning of year $0 · end of year $129,591

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

    $510,604

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

    $386,667

  • 10c · Land, buildings and equipment, net

    beginning of year $177,278 · end of year $123,937

  • 11 · Investments: publicly traded securities

    beginning of year $343,817 · end of year $2,030

  • 15 · Other assets

    beginning of year $20,162 · end of year $73,984

  • 17 · Accounts payable and accrued expenses

    beginning of year $40,663 · end of year $79,936

  • 25 · Other liabilities

    beginning of year $0 · end of year $73,515

  • 27 · Net assets without donor restrictions

    beginning of year $2,820,831 · end of year $2,832,916

  • 28 · Net assets with donor restrictions

    beginning of year $524,127 · end of year $414,852

Mission and programs · 2022

Mission

TO PROVIDE CHILDREN WITH THE RESOURCES, MOTIVATION AND OPPORTUNITIES TO DEVELOP A LIFE-LONG LOVE OF READING.

  • BOOKS FOR KEEPS: FEATURES FUN, EDUCATIONAL READING CELEBRATIONS THAT COMBINE STORYTIMES, MOTIVATIONAL LITERACY ACTIVITIES, AND THE OPPORTUNITY TO SELECT A BOOK TO TAKE HOME AND KEEP. CHILDREN AT SCHOOLS, EARLY CHILDHOOD CENTERS, AND AFTERSCHOOL PROGRAMS PARTICIPATE IN 3-5 INTERACTIVE READING CELEBRATIONS DESIGNED TO ENGAGE CHILDREN IN THE JOY OF READING AND LEARNING.

    Expenses $287,207 · Revenue $32,120

  • STORYMOBILE: THESE LENDING LIBRARIES-ON-WHEELS TAKE BOOKS AND LITERACY RESOURCES TO EARLY CHILDHOOD CENTERS, PRE-K AND KINDERGARTEN CLASSROOMS, AFTERSCHOOL PROGRAMS, PUBLIC HOUSING COMMUNITIES, AND COMMUNITY EVENTS ACROSS OUR CITY.

    Expenses $775,643 · Revenue $12,240

  • EVERYBODY WINS!: EVERYBODY WINS! IS A LITERACY AND MENTORING PROGRAM THAT STRIVES TO BUILD LITERACY SKILLS AND A LOVE OF READING IN ELEMENTARY SCHOOL STUDENTS. THIS PROGRAM PAIRS PRE-K THROUGH THIRD GRADERS WITH VOLUNTEERS FROM LOCAL COMPANIES AND ORGANIZATIONS TO SHARE CONVERSATION AND GOOD BOOKS.

    Expenses $113,578

As filed on the 2022 return.

Listed in Part VII

  • Francis X Solano Jr MD Facp

    PRESIDENT

    Total calculated
    $0
    Hours/week
    0.3

  • Macalus Hogan

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.3

  • Vincent O'Sullivan

    TREASURER

    Total calculated
    $0
    Hours/week
    0.3

  • Kevin Acklin

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.3

  • Jordan S Blask

    VICE PRESIDENT/SECRETARY

    Total calculated
    $0
    Hours/week
    0.3

  • Sylvia Owusu-Ansah

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.3

  • Patrick Duffy

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.3

  • Florri Ladov

    EXECUTIVE DIRECTOR

    Total calculated
    $234,264
    From this org
    $216,882
    From related orgs
    $0
    Other
    $17,382
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $205,038
    Bonus
    $11,844
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $17,382
    Filer's total
    $234,264

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 committee
  • 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
2022
Filed
13 April 2024
IRS schema version
2022v5.0
Source object
202421059349300662

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