Civic Intelligence

Read to Grow Inc

EIN 06-1572185 • 501(c)3 • Branford, CT

View Organization Page

Profile

Our mission is to promote language skills and literacy for children, beginning at birth, and to support parents as their babies' first teachers. Our vision is that every family, regardless of income and primary language, will understand the critical importance of early childhood literacy and will take an active role in their child's reading development. We want all children in connecticut to have books of their own.

53 School Ground Rd Unit 3Branford, CT 06405

readtogrow.org

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

57th percentile

0.11x

Higher debt load relative to assets than 57% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2025

Liabilities / Revenue

59th percentile

0.14x

Higher debt load relative to revenue than 59% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2025

Net Margin

21st percentile

-12%

Higher net margin than 21% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2025

Top Officer Pay

Score unavailable

No value available

No filing with officer rows is available for this organization yet.

Asset Growth

14th percentile

-11%

Faster asset growth than 14% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Annualized from 2024 to 2025

Revenue Growth

21st percentile

-11%

Faster revenue growth than 21% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Annualized from 2024 to 2025

Balance Sheet
Liabilities / Assets57th percentile

Assets

Down

$1,610,011

Down $197,555 (-11%) from 2024

Liabilities

Down

$174,128

Down $63,159 (-27%) from 2024

Net Assets

Down

$1,435,883

Down $134,396 (-8.6%) from 2024

Operations
Liabilities / Revenue59th percentileNet Margin21st percentile

Revenue

Down

$1,283,107

Down $161,240 (-11%) from 2024

Expenses

Up

$1,430,784

Up $86,727 (+6.5%) from 2024

Net Income

Down

-$147,677

Down $247,967 (-247%) from 2024

Trend Graphs

Balance Sheet Trend

Asset Growth14th percentile

Grouped bars show assets, liabilities, and net assets across loaded filings.

$2.0M$1.5M$1.0M$500K$0Assets 2011: $804,098Liabilities 2011: $20,705Net Assets 2011: $783,3932011Assets 2012: $643,374Liabilities 2012: $21,387Net Assets 2012: $621,9872012Assets 2013: $507,089Liabilities 2013: $13,802Net Assets 2013: $493,2872013Assets 2014: $594,746Liabilities 2014: $15,197Net Assets 2014: $579,5492014Assets 2015: $577,757Liabilities 2015: $17,054Net Assets 2015: $560,7032015Assets 2016: $584,482Liabilities 2016: $11,370Net Assets 2016: $573,1122016Assets 2017: $1,123,388Liabilities 2017: $7,455Net Assets 2017: $1,115,9332017Assets 2018: $1,027,958Liabilities 2018: $109,172Net Assets 2018: $918,7862018Assets 2019: $1,977,287Liabilities 2019: $12,753Net Assets 2019: $1,964,5342019Assets 2020: $1,897,893Liabilities 2020: $111,745Net Assets 2020: $1,786,1482020Assets 2021: $1,619,033Liabilities 2021: $130,445Net Assets 2021: $1,488,5882021Assets 2022: $1,292,928Liabilities 2022: $33,566Net Assets 2022: $1,259,3622022Assets 2023: $1,747,209Liabilities 2023: $285,633Net Assets 2023: $1,461,5762023Assets 2024: $1,807,566Liabilities 2024: $237,287Net Assets 2024: $1,570,2792024Assets 2025: $1,610,011Liabilities 2025: $174,128Net Assets 2025: $1,435,8832025

Highlighted filing

2025

Assets$1,610,011
Liabilities$174,128
Net Assets$1,435,883
Open 2025 Filing

Operations Trend

Revenue Growth21st percentile

Revenue, expenses, and net income by year, with the latest filing highlighted.

$3.0M$2.0M$1.0M$0-$1.0MExpenses 2011: $765,7002011Expenses 2012: $778,7702012Revenue 2013: $694,780Expenses 2013: $823,478Net Income 2013: -$128,6982013Revenue 2014: $788,787Expenses 2014: $702,525Net Income 2014: $86,2622014Revenue 2015: $780,591Expenses 2015: $799,437Net Income 2015: -$18,8462015Revenue 2016: $1,021,760Expenses 2016: $1,009,351Net Income 2016: $12,4092016Revenue 2017: $1,400,171Expenses 2017: $857,350Net Income 2017: $542,8212017Revenue 2018: $713,588Expenses 2018: $910,735Net Income 2018: -$197,1472018Revenue 2019: $2,128,974Expenses 2019: $1,083,226Net Income 2019: $1,045,7482019Revenue 2020: $1,176,539Expenses 2020: $1,354,925Net Income 2020: -$178,3862020Revenue 2021: $945,038Expenses 2021: $1,269,449Net Income 2021: -$324,4112021Revenue 2022: $1,217,263Expenses 2022: $1,428,787Net Income 2022: -$211,5242022Revenue 2023: $1,629,143Expenses 2023: $1,436,859Net Income 2023: $192,2842023Revenue 2024: $1,444,347Expenses 2024: $1,344,057Net Income 2024: $100,2902024Revenue 2025: $1,283,107Expenses 2025: $1,430,784Net Income 2025: -$147,6772025

Highlighted filing

2025

Revenue$1,283,107
Expenses$1,430,784
Net Income-$147,677
Open 2025 Filing

Filings

Most recent year

2025 • Form 990Facts available. Structured filing facts are available, but richer extracted sections are limited.

Open filing
Assets
$1,610,011
Liabilities
$174,128
Net assets
$1,435,883
Revenue
$1,283,107
Expenses
$1,430,784
Net income
-$147,677
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.61$0.17$1.44$1.28$1.43$0.15
2024Detailed filing. Detailed filing data is available for this year.$1.81$0.24$1.57$1.44$1.34$0.10
2023Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.75$0.29$1.46$1.63$1.44$0.19
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.29$0.03$1.26$1.22$1.43$0.21
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.62$0.13$1.49$0.95$1.27$0.32
2020Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.90$0.11$1.79$1.18$1.35$0.18
2019Summary only. Only limited summary data is available for this year.$1.98$0.01$1.96$2.13$1.08$1.05
2018Summary only. Only limited summary data is available for this year.$1.03$0.11$0.92$0.71$0.91$0.20
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.12$0.01$1.12$1.40$0.86$0.54
2016Import issue. A filing source exists for this year, but detailed import did not complete cleanly.$0.58$0.01$0.57$1.02$1.01$0.01
2015Summary only. Only limited summary data is available for this year.$0.58$0.02$0.56$0.78$0.80$0.02
2014Detailed filing. Detailed filing data is available for this year.$0.59$0.02$0.58$0.79$0.70$0.09
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.51$0.01$0.49$0.69$0.82$0.13
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.64$0.02$0.62$0.78
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.80$0.02$0.78$0.77
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jul 1, 2024 to Jun 30, 2025
Signed
Oct 22, 2025
Return Version
2024v5.2
Gross Receipts
$1,338,734
Mission and Program Overview

Mission

Our mission is to promote language skills and literacy for children, beginning at birth, and to support parents as their babies' first teachers. Our vision is that every family, regardless of income and primary language, will understand the critical importance of early childhood literacy and will take an active role in their child's reading development. We want all children in connecticut to have books of their own.

To promote language skills and literacy for children, beginning at birth, and to support parents as their babies' first teachers.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$777,798$770,128▼ $7,670
Prepaid Expenses and Deferred Charges$203,715$225,798▲ $22,083
Pledges and Grants Receivable$423,167$221,080▼ $202,087
Investments Other Securities$122,235$135,516▲ $13,281
Land, Buildings, and Equipment, Net$72,737$95,195▲ $22,458
Savings and Temporary Cash Investments$5,636$5,636→ $0
Total Assets$1,807,566$1,610,011▼ $197,555
Other Assets Total$202,278$156,658▼ $45,620
Liabilities
Other Liabilities$208,318$161,848▼ $46,470
Accounts Payable and Accrued Expenses$28,969$12,280▼ $16,689
Total Liabilities$237,287$174,128▼ $63,159
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$825,199$721,945▼ $103,254
Net Assets With Donor Restrictions$745,080$713,938▼ $31,142
Total Net Assets Fund Balance$1,570,279$1,435,883▼ $134,396
Total Liabilities and Net Assets / Fund Balance$1,807,566$1,610,011▼ $197,555

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$95,195$103,700$198,895
Leasehold Improvements$0$10,544$10,544
Other Assets Org$4,460--
Other Securities$135,516--

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2024$122,235-▲ $13,281-$135,516
2023$113,822-▲ $8,413-$122,235
2022$103,692$200▲ $9,930-$113,822
2021$121,394-▼ $17,702-$103,692
2020$94,543-▲ $26,851-$121,394
Compensation and Service Providers
Top Officer PayScore unavailable

Employees

NameTitleFull / Part TimeBaseTotal
Suzannah HolsenbeckExecutive DirectorFT$109,641$109,641

Board Members and Trustees

NameTitle
Dr Monette FergusonChair
Carla M HorwitzVice Chair
Anna ReiterDirector
Barbara ClerkinDirector
Irene PelusoDirector
Joshua a CopelDirector
Katherine KohariDirector
Lisa MaassDirector
Lori MclnerneyDirector
Mary Kay CurtissDirector
Nick LebronDirector
Shabnam LainwalaDirector
Jennifer Groves FuscoSecretary
Jane W LeeTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$1,218,096
Program Service Revenue
$87,329
Investment Income
$1
Other Revenue
$-22,319
All Other Contributions
$1,065,687
Change in Net Assets
$-147,677

Noncash Contribution Practices

Property subject to holding requirements
No
Reviewed unusual noncash gifts
No
Third parties used for noncash contributions
No

Noncash Contributions

Contribution TypeReported AmountValuation Method
Books and Publications$67,332USED $1/NEW 50% RETAIL
Total Noncash Contributions$67,332-

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,338,734
Revenue Not Reported on Financial Statements
$-55,627
Revenue Not Reported on Form 990
$13,281
Other Revenue Adjustments
$-55,627
Total Revenue per Audited Statements
$1,352,015
Total Revenue per Form 990
$1,283,107
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$732,509
Other Expenses$698,275
Total Fundraising Expense$84,053
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$414,465$102,912$41,099$558,476
Fees for Services Other$110,899$25,149$11,497$147,545
Current Officers, Directors, Trustees, and Key Employees$87,713$10,964$10,964$109,641
Occupancy$55,561$12,599$5,760$73,920
Payroll Taxes$48,399$10,975$5,018$64,392
Insurance$16,543$3,752$1,715$22,010
All Other Expenses$15,733$3,625$1,573$20,931
Other Expenses$12,775$2,898$1,324$16,997
Depreciation Depletion$10,240$1,280$1,280$12,800
Office Expenses$8,433$1,912$874$11,219
Travel$3,683$835$382$4,900
Total Functional Expenses$1,164,215$182,516$84,053$1,430,784

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$1,430,784
Total Expenses per Form 990$1,430,784
Total Expenses per Audited Statements$1,375,157
Expenses Not Reported on Financial Statements$0
Expenses Not Reported on Form 990$-55,627
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$55,627
Fundraising Gross Income$33,308
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Author Events$30,259$19,388$7,449$11,939
A Night for the Books$155,458$13,920$48,178$-34,258
Total Events$185,717$33,308$55,627$-22,319
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Operating Lease Liability$161,848
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
No
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
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, Line 1A

“The executive committee has been delegated broad authority to act on behalf of the board of directions.”

Form 990, Part VI, Section B, Line 11B

“The finance committee works with the auditors to prepare form 990. The form is submitted to the audit committee and board of directors prior to filing.”

Form 990, Part VI, Section B, Line 12C

“The conflict of interest policy, along with a list of the organization's vendors, is distributed to all board members and employees annually. Each person signs and returns the policy acknowledging any possible conflict. This information is reviewed annually by the board of directors' governance committee.”

Form 990, Part VI, Section B, Line 15

“Line 15a - compensation process for top official. The executive compensation policy applies to the compensation of the organization's chief employed executive and other officers and key employees, as applicable. The process includes all of these elements: (1) review and approval by the board of directors or compensation committee of the organization; (2) use of data as to comparable compensation; and (3) contemporaneous documentation and recordkeeping. Line 15b - compensation process for officers. The executive compensation policy applies to the compensation of the organization's chief employed executive, other officers or key employees of the organization.”

Form 990, Part VI, Section C, Line 19

“The organization's governing documents are available upon request.”

Filing and Contact Details

Filer

Filer Name
Read to Grow Inc
EIN
06-1572185
Phone
2034886800
Address
53 SCHOOL GROUND RD UNIT 3, BRANFORD, CT 06405

Signing Officer

Name
Dr Monette Ferguson
Title
Chair
Phone
2034886800
Signed
2025-10-22
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Dr Monette Ferguson
Formed
2000
Legal Domicile
Ct
Voting Board Members
15
Independent Board Members
15
Employees
20
Volunteers
86

Preparer

Firm
Whittlesey Pc
Address
280 TRUMBULL ST 24TH FL, HARTFORD, CT 06103
Preparer
Kimberly Napp
Phone
8605223111
Supplemental Narrative

Additional Explanations

Form 990, Part IX, Line 11G

“Contract workers: program service expenses 3,119. Management and general expenses 707. Fundraising expenses 324. Total expenses 4,150. Payroll service fee: program service expenses 2,994. Management and general expenses 680. Fundraising expenses 310. Total expenses 3,984. Professional fees: program service expenses 104,786. Management and general expenses 23,762. Fundraising expenses 10,863. Total expenses 139,411.”

FORM 990, PART XII, LINE 2C:

“The organization did not change its process from the prior year.”

Financial Statement Notes

PART XI, LINE 4B - OTHER ADJUSTMENTS:

“Special event expense -55,627.”

PART XII, LINE 2D - OTHER ADJUSTMENTS:

“Special event expenses -55,627.”

Raw XML AppendixShowing 400 of 565 raw XML fields

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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IRS990/ActivityOrMissionDesc0TO PROMOTE LANGUAGE SKILLS AND LITERACY FOR CHILDREN, BEGINNING AT BIRTH, AND TO SUPPORT PARENTS AS THEIR BABIES' FIRST TEACHERS.
IRS990/AllOtherContributionsAmt01065687
IRS990/AllOtherExpensesGrp/FundraisingAmt01573
IRS990/AllOtherExpensesGrp/ManagementAndGeneralAmt03625
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IRS990/Desc0BOOKS FOR BABIES THIS PROGRAM OPERATES THREE DISTINCT PROJECTS: THE PRENATAL PROJECT, THE NEWBORN PROJECT AND THE NICU PROJECT. THE PRENATAL PROJECT FOCUSES ON DISTRIBUTING FREE CHILDREN'S BOOKS AND INFORMATION ON BRAIN DEVELOPMENT AND LITERACY TO EXPECTING FAMILIES RECEIVING PRENATAL CARE AT NINE COMMUNITY HEALTH CENTERS. THE NEWBORN PROJECT OPERATES IN 19 PARTNER HOSPITALS, GIVING ALL FAMILIES WITH NEWBORNS LITERACY PACKETS THAT INCLUDE BABY BOARD BOOKS AND LITERACY GUIDES WHICH DESCRIBE HOW TO SUPPORT INFANTS' LANGUAGE DEVELOPMENT. FAMILIES WHO REGISTER FOR THE FIRST YEAR PROGRAM ARE MAILED MORE BOOKS AND INFORMATION AT THEIR CHILD'S 3 MONTH AND 1-YEAR MILESTONES. THE NICU PROJECT OPERATES IN FIVE LOCATIONS AND PROVIDES LITERACY INFORMATION AND BOOKS TO PARENTS OF BABIES WHO ARE ADMITTED TO NEONATAL INTENSIVE CARE UNITS.
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IRS990/Form990PartVIISectionAGrp/PersonNm1CARLA M HORWITZ
IRS990/Form990PartVIISectionAGrp/PersonNm2JANE W LEE
IRS990/Form990PartVIISectionAGrp/PersonNm3JENNIFER GROVES FUSCO
IRS990/Form990PartVIISectionAGrp/PersonNm4BARBARA CLERKIN
IRS990/Form990PartVIISectionAGrp/PersonNm5JOSHUA A COPEL
IRS990/Form990PartVIISectionAGrp/PersonNm6MARY KAY CURTISS
IRS990/Form990PartVIISectionAGrp/PersonNm7KATHERINE KOHARI
IRS990/Form990PartVIISectionAGrp/PersonNm8SHABNAM LAINWALA
IRS990/Form990PartVIISectionAGrp/PersonNm9NICK LEBRON
IRS990/Form990PartVIISectionAGrp/PersonNm10LISA MAASS
IRS990/Form990PartVIISectionAGrp/PersonNm11LORI MCLNERNEY
IRS990/Form990PartVIISectionAGrp/PersonNm12ANNA REITER
IRS990/Form990PartVIISectionAGrp/PersonNm13IRENE PELUSO
IRS990/Form990PartVIISectionAGrp/PersonNm14SUZANNAH HOLSENBECK
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IRS990/Form990PartVIISectionAGrp/TitleTxt6DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt7DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt8DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt9DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt10DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt11DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt12DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt13DIRECTOR
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IRS990/MissionDesc0OUR MISSION IS TO PROMOTE LANGUAGE SKILLS AND LITERACY FOR CHILDREN, BEGINNING AT BIRTH, AND TO SUPPORT FAMILIES AS THEIR BABIES' FIRST TEACHERS. OUR VISION IS THAT EVERY FAMILY WILL APPRECIATE THE CRITICAL IMPORTANCE OF EARLY CHILDHOOD LITERACY AND WILL ENGAGE IN THEIR CHILD'S READING DEVELOPMENT. ALL CHILDREN IN CONNECTICUT WILL HAVE BOOKS OF THEIR OWN.
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IRS990/OtherExpensesGrp/Desc0BOOKS, MATERIALS AND SU
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IRS990/OtherExpensesGrp/Desc2MISCELLANEOUS
IRS990/OtherExpensesGrp/Desc3POSTAGE AND PRINTING
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IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt2865
IRS990/ProgSrvcAccomActy2Grp/Desc0BOOKS FOR KIDS BOOKS FOR KIDS GIVES MORE THAN 50,000 BOOKS ANNUALLY TO CHILDREN AND FAMILIES ACROSS CONNECTICUT AND TO HUNDREDS OF TEACHERS, DOCTORS' OFFICES, HEALTHCARE AND CHILDCARE PROVIDERS, AND OTHER NONPROFITS, INCLUDING OTHER LITERACY-FOCUSED AGENCIES AND MAILS BOOKS TO FAMILIES WHO REQUEST BOOKS ONLINE. WHILE THE MAJORITY OF BOOKS IN OUR INVENTORY ARE IN ENGLISH, WE ALSO OFFER A VARIETY OF BOOKS IN BILINGUAL ENGLISH / SPANISH AND HAVE A SMALL NUMBER OF BOOKS AVAILABLE IN 11 OTHER LANGUAGES TO SERVE THE VAST IMMIGRANT POPULATION IN CONNECTICUT.
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IRS990/ProgSrvcAccomActy2Grp/RevenueAmt02249
IRS990/ProgSrvcAccomActy3Grp/Desc0THE BOOKMOBILE TRAVELS ACROSS THE STATE AND PROVIDES AN IMMERSIVE EXPERIENCE FOR CHILDREN, FAMILIES AND CHILDCARE PROVIDERS WHO MAY CHOOSE BOOKS TO KEEP FROM THE BOOKMOBILE.
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