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Nonprofiteer
← READING HEART

Form 990 for tax year 2023

Filed by READING HEART.

Totals

Total revenue
$1,345,765
Total expenses
$347,560
Contributions and grants received
$1,345,765
Grants paid
$0
Program service revenue
$0
Investment income
$0
Other revenue
$0
Total assets, end of year
$2,607,713
Total liabilities, end of year
$0
Net assets or fund balances, end of year
$2,607,713
Program services expenses (Part IX)
$347,560
Management and general expenses
$0
Fundraising expenses
$0
Program service expenses (Part III)
$347,560

Program services were 100.0% 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.

  • 1c · Fundraising events

    $1,250,485

  • 1e · Government grants (contributions)

    $95,280

  • 1g · Noncash contributions included above

    $1,116,616

  • 8a · Fundraising events: contributions included on line 1c

    $1,250,485

Functional expenses

Part IX, the statement of functional expenses.

  • 11c · Fees: accounting

    total $1,500 · program services $1,500

  • 12 · Advertising and promotion

    total $9,247 · program services $9,247

  • 13 · Office expenses

    total $8,112 · program services $8,112

  • 14 · Information technology

    total $4,822 · program services $4,822

  • 22 · Depreciation, depletion and amortization

    total $38,750 · program services $38,750

  • 23 · Insurance

    total $21,574 · program services $21,574

  • 24a · Other expenses: EQUIPMENT

    total $15,787 · program services $15,787

  • 24b · Other expenses: SUPPLIES

    total $68,742 · program services $68,742

  • 24c · Other expenses: RENT

    total $84,000 · program services $84,000

  • 24d · Other expenses: FUEL

    total $18,441 · program services $18,441

  • 24e · All other expenses

    total $76,585 · program services $76,585

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $241,712 · end of year $498,205

  • 15 · Other assets

    beginning of year $2,109,508 · end of year $2,109,508

  • 17 · Accounts payable and accrued expenses

    beginning of year $241,712

  • 24 · Unsecured notes and loans payable

    beginning of year $500,000

  • 27 · Net assets without donor restrictions

    beginning of year $1,609,508 · end of year $2,607,713

Mission and programs · 2023

Mission

Reading Heart is a nonprofit, 501 (c) (3) book donation program dedicated to serving children in hospitals and children in areas with limited access to books.

  • The Education Matters Book Tour is a fun mini party for the whole school to enjoy that gets kids to learn about the importance of reading. Every child receives a free book of their choice and is encouraged to read then share the books when they are done.

    Expenses $142,598 · Grants $61,000

  • BUILDING MOBILE LIBRARIES

    Expenses $77,740 · Revenue $25,000

  • BOOK SORTING EVENT IN PARTNERSHIP WITH A CHURCHES TO SORT 350000 BOOKS.

    Expenses $61,074

  • FREE BOOK BINS. COLLECTED AND REFURBISHED OLD NEW PAPER BINS INTO BOOK DISTRIBUTION BINS TO BE PLACED THROUGHOUT EMPOVERISHED AREAS OF THE CITY AND RURAL AREAS.

    Expenses $37,898 · Revenue $4,280

  • FOOD AND BOOK GIVEAWAY.

    Expenses $28,250 · Grants $5,000

As filed on the 2023 return.

Listed in Part VII

  • Javier Elizondo

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • Sara Brown

    SECRETARY

    Total calculated
    $0
    Hours/week
    2

  • Vanessa Ferguson

    CFO

    Total calculated
    $0
    Hours/week
    30

  • Dwayne Ferguson

    CEO

    Total calculated
    $0
    Hours/week
    40

  • Danay Ferguson

    PRESIDENT

    Total calculated
    $0
    Hours/week
    15

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 March 2024
IRS schema version
2023v4.0
Source object
202410759349302416

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