Civic Intelligence

Reading Institute Inc

990 • Fiscal year 2016 • EIN 04-3462889

Jan 01, 2016 to Dec 31, 2016 • Filed on May 15, 2017

Organization ProfileWWW.THEREADINGINSTITUTE.NET
166 Ide RoadWilliamstown, MA 01267

(413) 458-9995

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

86th percentile

0.32x

Higher debt load relative to assets than 86% of similar nonprofits.

2016 filings • 501(c)3 • <$500k nonprofits • Source year 2016

Liabilities / Revenue

73rd percentile

0.03x

Higher debt load relative to revenue than 73% of similar nonprofits.

2016 filings • 501(c)3 • <$500k nonprofits • Source year 2016

Net Margin

75th percentile

18%

Higher net margin than 75% of similar nonprofits.

2016 filings • 501(c)3 • <$500k nonprofits • Source year 2016

Top Officer Pay

75th percentile

$0

Higher top officer pay than 75% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2016 filings • 501(c)3 • <$500k nonprofits • Source year 2016

Asset Growth

12th percentile

-37%

Faster asset growth than 12% of similar nonprofits.

2016 filings • 501(c)3 • <$500k nonprofits • Annualized from 2015 to 2016

Revenue Growth

24th percentile

-20%

Faster revenue growth than 24% of similar nonprofits.

2016 filings • 501(c)3 • <$500k nonprofits • Annualized from 2015 to 2016

Balance Sheet
Liabilities / Assets86th percentile

Assets

Down

$53,700

Down $31,249 (-37%) from 2015

Net Assets

Up

$36,472

Up $89,477 (+169%) from 2015

Liabilities

Down

$17,228

Down $120,726 (-88%) from 2015

Revenue And Expenses
Liabilities / Revenue73rd percentileNet Margin75th percentile

Revenue

Down

$496,042

Down $126,399 (-20%) from 2015

Expenses

Down

$406,565

Down $131,458 (-24%) from 2015

Net Income

Up

$89,477

Up $5,059 (+6.0%) from 2015

Historical Trend

Balance Sheet Trend

Asset Growth12th percentile

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$400K$200K$0-$200KAssets 2010: $92,094Liabilities 2010: $264,728Net Assets 2010: -$172,6342010Assets 2011: $48,152Liabilities 2011: $192,502Net Assets 2011: -$144,3502011Assets 2012: $67,767Liabilities 2012: $215,633Net Assets 2012: -$147,8662012Assets 2013: $41,192Liabilities 2013: $148,833Net Assets 2013: -$107,6412013Assets 2014: $28,110Liabilities 2014: $165,533Net Assets 2014: -$137,4232014Assets 2015: $84,949Liabilities 2015: $137,954Net Assets 2015: -$53,0052015Assets 2016: $53,700Liabilities 2016: $17,228Net Assets 2016: $36,4722016Assets 2017: $57,603Liabilities 2017: $5,227Net Assets 2017: $52,3762017Assets 2018: $5,971Liabilities 2018: $227Net Assets 2018: $5,7442018Assets 2019: $22,246Liabilities 2019: $0Net Assets 2019: $22,2462019Assets 2020: $30,841Liabilities 2020: $0Net Assets 2020: $30,8412020

Highlighted filing

2016

Assets$53,700
Liabilities$17,228
Net Assets$36,472
Open 2016 Filing

Operations Trend

Revenue Growth24th percentile

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$800K$600K$400K$200K$0-$200KExpenses 2010: $679,0052010Expenses 2011: $431,2662011Expenses 2012: $518,2152012Revenue 2013: $456,463Expenses 2013: $416,238Net Income 2013: $40,2252013Revenue 2014: $435,702Expenses 2014: $465,484Net Income 2014: -$29,7822014Revenue 2015: $622,441Expenses 2015: $538,023Net Income 2015: $84,4182015Revenue 2016: $496,042Expenses 2016: $406,565Net Income 2016: $89,4772016Revenue 2017: $330,147Expenses 2017: $314,245Net Income 2017: $15,9022017Revenue 2018: $73,536Expenses 2018: $120,168Net Income 2018: -$46,6322018Revenue 2019: $92,526Expenses 2019: $76,033Net Income 2019: $16,4932019Revenue 2020: $42,632Expenses 2020: $31,507Net Income 2020: $11,1252020

Highlighted filing

2016

Revenue$496,042
Expenses$406,565
Net Income$89,477
Open 2016 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2016 to Dec 31, 2016
Signed
May 15, 2017
Return Version
2016v3.0
Gross Receipts
$496,042
Mission and Program Overview

Mission

The reading institute trains teachers in scientifically research - based instruction in reading and writing skills through workshops, lectures, and a graduate program.

The reading institute trains teachers in scientifically research-based instruction in reading and writing skills through workshops, lectures, and a graduate program.

Balance Sheet Detail
LineBeginningEndChange
Assets
Prepaid Expenses and Deferred Charges-$24,000-
Cash and Non-Interest-Bearing Accounts$74,725$22,580▼ $52,145
Land, Buildings, and Equipment, Net$9,174$6,070▼ $3,104
Accounts Receivable$1,050$1,050→ $0
Total Assets$84,949$53,700▼ $31,249
Liabilities
Unsecured Notes Loans Payable$77,000--
Accounts Payable and Accrued Expenses$60,954$17,228▼ $43,726
Total Liabilities$137,954$17,228▼ $120,726
Net Assets / Fund Balance
Unrestricted Net Assets$-53,005$36,472▲ $89,477
Total Net Assets Fund Balance$-53,005$36,472▲ $89,477
Total Liabilities and Net Assets / Fund Balance$84,949$53,700▼ $31,249

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$306$155,860$156,166
Leasehold Improvements$5,764$27,930$33,694
Compensation and Service Providers
Top Officer Pay75th percentile

Board Members and Trustees

NameTitle
Janet J StrattonPresident
Janet J StrattonDirector
Jill PompiDirector
Janet J StrattonTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$495,971
Investment Income
$71
Other Revenue
$0
Change in Net Assets
$89,477

Audited Revenue Reconciliation

Revenue per Audited Statements
$496,042
Total Revenue per Audited Statements
$496,042
Total Revenue per Form 990
$496,042
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$406,565
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
All Other Expenses$21,853$19,314-$41,167
Occupancy$22,800$1,200-$24,000
Other Expenses$22,141$24,145-$22,141
Travel-$14,214-$14,214
Advertising$11,190--$11,190
Fees for Services Accounting-$6,500-$6,500
Office Expenses-$4,693-$4,693
Depreciation Depletion$2,328$776-$3,104
Insurance$500$2,161-$2,661
Total Functional Expenses$333,562$73,003$0$406,565

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$406,565
Total Expenses per Audited Statements$406,565
Total Expenses per Form 990$406,565
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
Yes
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
No
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Page 6, Part VI, Line 11B

“The president of the organization will review the form 990 before being filed.”

Form 990, Page 6, Part VI, Line 19

“The governing documents and financial statements of the organization are made available to the public upon request.”

Filing and Contact Details

Filer

Filer Name
The Reading Institute Inc
EIN
04-3462889
Phone
4134589995
Address
166 IDE ROAD, WILLIAMSTOWN, MA 01267

Signing Officer

Name
Janet J Stratton
Title
President
Phone
4134589995
Signed
2017-05-15
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Janet J Stratton
Formed
1999
Legal Domicile
Ma
Voting Board Members
2
Independent Board Members
2
Employees
0

Preparer

Firm
Smith Watson & Co Llp
Address
85 MAIN ST STE 111, NORTH ADAMS, MA 01247-3429
Preparer
Bryon M Sherman
Phone
4136644650
Supplemental Narrative

Additional Explanations

Form 990, Part IX, Line 24E

“Printing & publication 14,603 0 0 repairs & maintenance 0 7,826 0 bank & credit card fees 0 7,796 0 consulting 7,250 0 0 telephone 0 2,311 0 miscellaneous 0 1,266 0 dues & subscriptions 0 115 0 total 21,853 19,314 0”

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This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2PRINTING & PUBLICATION 14,603 0 0 REPAIRS & MAINTENANCE 0 7,826 0 BANK & CREDIT CARD FEES 0 7,796 0 CONSULTING 7,250 0 0 TELEPHONE 0 2,311 0 MISCELLANEOUS 0 1,266 0 DUES & SUBSCRIPTIONS 0 115 0 TOTAL 21,853 19,314 0
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IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt084949
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt053700
IRS990/TravelGrp/ManagementAndGeneralAmt014214
IRS990/TravelGrp/TotalAmt014214
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UnrestrictedNetAssetsGrp/BOYAmt0-53005
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IRS990/UnsecuredNotesLoansPayableGrp/BOYAmt077000
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0166 IDE ROAD
IRS990/USAddress/CityNm0WILLIAMSTOWN
IRS990/USAddress/StateAbbreviationCd0MA
IRS990/USAddress/ZIPCd001267
IRS990/VotingMembersGoverningBodyCnt02
IRS990/VotingMembersIndependentCnt02
IRS990/WebsiteAddressTxt0WWW.THEREADINGINSTITUTE.NET
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02017-02-10 21:41:12Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0JANET J STRATTON
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum04134589995
ReturnHeader/BusinessOfficerGrp/SignatureDt02017-05-15
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0THE READING INSTITUTE INC
ReturnHeader/Filer/BusinessNameControlTxt0READ
ReturnHeader/Filer/EIN0043462889
ReturnHeader/Filer/PhoneNum04134589995
ReturnHeader/Filer/USAddress/AddressLine1Txt0166 IDE ROAD
ReturnHeader/Filer/USAddress/CityNm0WILLIAMSTOWN
ReturnHeader/Filer/USAddress/StateAbbreviationCd0MA
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ReturnHeader/FilingSecurityInformation/AtSubmissionCreationDeviceId05D0280A0F7BC3FECD0BDDAC7B68987F93B77BE44
ReturnHeader/FilingSecurityInformation/AtSubmissionFilingDeviceId01AD1FA0F6F38F4B6A63727EE2603EA0DA82E57D9
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0042530803
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0SMITH WATSON & CO LLP
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt085 MAIN ST STE 111
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0NORTH ADAMS
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0MA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd0012473429
ReturnHeader/PreparerPersonGrp/PhoneNum04136644650
ReturnHeader/PreparerPersonGrp/PreparationDt02017-11-14
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0BRYON M SHERMAN
ReturnHeader/PreparerPersonGrp/SelfEmployedInd0X
ReturnHeader/ReturnTs02017-11-15T11:45:05-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02016-01-01
ReturnHeader/TaxPeriodEndDt02016-12-31
ReturnHeader/TaxYr02016

Document Assets

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Filings

Displayed year

2016 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$53,700
Liabilities
$17,228
Net assets
$36,472
Revenue
$496,042
Expenses
$406,565
Net income
$89,477
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.31$0.00$0.31$0.43$0.32$0.11
2019Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.22$0.00$0.22$0.93$0.76$0.16
2018Detailed filing. Detailed filing data is available for this year.$0.06$0.00$0.06$0.74$1.20$0.47
2017Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.58$0.05$0.52$3.30$3.14$0.16
2016Detailed filing. Detailed filing data is available for this year.$0.54$0.17$0.36$4.96$4.07$0.89
2015Detailed filing. Detailed filing data is available for this year.$0.85$1.38$0.53$6.22$5.38$0.84
2014Detailed filing. Detailed filing data is available for this year.$0.28$1.66$1.37$4.36$4.65$0.30
2013Detailed filing. Detailed filing data is available for this year.$0.41$1.49$1.08$4.56$4.16$0.40
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.68$2.16$1.48$5.18
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.48$1.93$1.44$4.31
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.92$2.65$1.73$6.79
Peer Organizations

Similar nonprofits based on the same Siviq industry and scale cohort. 2016 filings • 501(c)3 • <$500k nonprofits