Civic Intelligence

Reading Team Inc

EIN 13-4125884 • 501(c)3 • New York, NY

Profile

The reading team runs two early literacy programs: (1) preschool - 2x/week (2-hrs/session) teachers instruct 3 and 4 year old children on phonemic awareness, letter recognition, and sound manipulation. (2) after-school - 5x/week (2.5-hrs/session) teachers instruct children in grades k-5 on phonemic awareness, reading comprehension, literary devices, and writing.

PO Box 3510New York, NY 10027

www.readingteam.org

Siviq Scores

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

Liabilities / Assets

86th percentile

0.50x

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

501(c)3 • $500k-$1M nonprofits • Source year 2025

Liabilities / Revenue

82nd percentile

0.30x

Higher debt load relative to revenue than 82% of similar nonprofits.

501(c)3 • $500k-$1M nonprofits • Source year 2025

Net Margin

14th percentile

-25%

Higher net margin than 14% of similar nonprofits.

501(c)3 • $500k-$1M 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

7th percentile

-39%

Faster asset growth than 7% of similar nonprofits.

501(c)3 • $500k-$1M nonprofits • Annualized from 2023 to 2025

Revenue Growth

16th percentile

-21%

Faster revenue growth than 16% of similar nonprofits.

501(c)3 • $500k-$1M nonprofits • Annualized from 2023 to 2025

Assets

Down

$417,407

Down $215,630 (-34%) from 2024

Liabilities

Down

$210,452

Down $42,144 (-17%) from 2024

Net Assets

Down

$206,955

Down $173,486 (-46%) from 2024

Revenue

Up

$704,322

Up $101,034 (+17%) from 2024

Expenses

Down

$877,808

Down $48,518 (-5.2%) from 2024

Net Income

Up

-$173,486

Up $149,552 (+46%) from 2024

Trend Graphs

Balance Sheet Trend

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

$1.5M$1.0M$500K$0Assets 2011: $425,397Liabilities 2011: $0Net Assets 2011: $425,3972011Assets 2012: $340,998Liabilities 2012: $0Net Assets 2012: $340,9982012Assets 2013: $262,226Liabilities 2013: $0Net Assets 2013: $262,2262013Assets 2014: $226,589Liabilities 2014: $0Net Assets 2014: $226,5892014Assets 2015: $210,141Liabilities 2015: $70,702Net Assets 2015: $139,4392015Assets 2016: $308,544Liabilities 2016: $82,110Net Assets 2016: $226,4342016Assets 2017: $368,997Liabilities 2017: $54,568Net Assets 2017: $314,4292017Assets 2018: $208,284Liabilities 2018: $50,730Net Assets 2018: $157,5542018Assets 2019: $373,398Liabilities 2019: $24,330Net Assets 2019: $349,0682019Assets 2020: $474,557Liabilities 2020: $86,256Net Assets 2020: $388,3012020Assets 2021: $500,822Liabilities 2021: $9,043Net Assets 2021: $491,7792021Assets 2022: $463,461Liabilities 2022: $10,800Net Assets 2022: $452,6612022Assets 2023: $1,113,101Liabilities 2023: $409,622Net Assets 2023: $703,4792023Assets 2024: $633,037Liabilities 2024: $252,596Net Assets 2024: $380,4412024Assets 2025: $417,407Liabilities 2025: $210,452Net Assets 2025: $206,9552025

Highlighted filing

2025

Assets$417,407
Liabilities$210,452
Net Assets$206,955

Operations Trend

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

$1.5M$1.0M$500K$0-$500KRevenue 2011: $533,237Expenses 2011: $475,111Net Income 2011: $58,1262011Revenue 2012: $543,784Expenses 2012: $633,675Net Income 2012: -$89,8912012Revenue 2013: $783,404Expenses 2013: $869,123Net Income 2013: -$85,7192013Revenue 2014: $795,583Expenses 2014: $826,567Net Income 2014: -$30,9842014Revenue 2015: $816,825Expenses 2015: $830,859Net Income 2015: -$14,0342015Revenue 2016: $956,659Expenses 2016: $864,493Net Income 2016: $92,1662016Revenue 2017: $1,035,692Expenses 2017: $947,697Net Income 2017: $87,9952017Revenue 2018: $843,515Expenses 2018: $1,000,390Net Income 2018: -$156,8752018Revenue 2019: $886,137Expenses 2019: $694,623Net Income 2019: $191,5142019Revenue 2020: $794,160Expenses 2020: $754,927Net Income 2020: $39,2332020Revenue 2021: $810,698Expenses 2021: $707,220Net Income 2021: $103,4782021Revenue 2022: $741,393Expenses 2022: $780,511Net Income 2022: -$39,1182022Revenue 2023: $1,116,899Expenses 2023: $860,244Net Income 2023: $256,6552023Revenue 2024: $603,288Expenses 2024: $926,326Net Income 2024: -$323,0382024Revenue 2025: $704,322Expenses 2025: $877,808Net Income 2025: -$173,4862025

Highlighted filing

2025

Revenue$704,322
Expenses$877,808
Net Income-$173,486

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$0.42$0.21$0.21$0.70$0.88$0.17
2024Detailed filing. Detailed filing data is available for this year.$0.63$0.25$0.38$0.60$0.93$0.32
2023Detailed filing. Detailed filing data is available for this year.$1.11$0.41$0.70$1.12$0.86$0.26
2022Detailed filing. Detailed filing data is available for this year.$0.46$0.01$0.45$0.74$0.78$0.04
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.50$0.01$0.49$0.81$0.71$0.10
2020Detailed filing. Detailed filing data is available for this year.$0.47$0.09$0.39$0.79$0.75$0.04
2019Detailed filing. Detailed filing data is available for this year.$0.37$0.02$0.35$0.89$0.69$0.19
2018Detailed filing. Detailed filing data is available for this year.$0.21$0.05$0.16$0.84$1.00$0.16
2017Detailed filing. Detailed filing data is available for this year.$0.37$0.05$0.31$1.04$0.95$0.09
2016Detailed filing. Detailed filing data is available for this year.$0.31$0.08$0.23$0.96$0.86$0.09
2015Summary only. Only limited summary data is available for this year.$0.21$0.07$0.14$0.82$0.83$0.01
2014Summary only. Only limited summary data is available for this year.$0.23$0.00$0.23$0.80$0.83$0.03
2013Summary only. Only limited summary data is available for this year.$0.26$0.00$0.26$0.78$0.87$0.09
2012Summary only. Only limited summary data is available for this year.$0.34$0.00$0.34$0.54$0.63$0.09
2011Summary only. Only limited summary data is available for this year.$0.43$0.00$0.43$0.53$0.48$0.06
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jul 1, 2024 to Jun 30, 2025
Signed
Aug 1, 2025
Return Version
2024v5.0
Gross Receipts
$726,184
Mission and Program Overview

Mission

The foundation is dedicated to enabling young children who at high risk of reading failure to become strong and enthusiastic readers, writers, listeners, and speakers and to develop the skills, habits, and behaviors that will support their success in school and in life.

The reading team runs two early literacy programs: (1) preschool - 2x/week (2-hrs/session) teachers instruct 3 and 4 year old children on phonemic awareness, letter recognition, and sound manipulation. (2) after-school - 5x/week (2.5-hrs/session) teachers instruct children in grades k-5 on phonemic awareness, reading comprehension, literary devices, and writing.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$296,212$224,619▼ $71,593
Cash and Non-Interest-Bearing Accounts$55,882$174,926▲ $119,044
Total Assets$633,037$417,407▼ $215,630
Other Assets Total$280,943$17,862▼ $263,081
Liabilities
Other Liabilities$245,896--
Accounts Payable and Accrued Expenses$6,700$210,452▲ $203,752
Total Liabilities$252,596$210,452▼ $42,144
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$380,441$206,955▼ $173,486
Total Net Assets Fund Balance$380,441$206,955▼ $173,486
Total Liabilities and Net Assets / Fund Balance$633,037$417,407▼ $215,630
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Charon DarrisExecutive DiFT$145,000$15,009$160,009
Charon DarrisExecutive Director-$145,000$15,009$160,009

Board Members and Trustees

Revenue and Support

Revenue Composition

Contributions and Grants
$660,782
Program Service Revenue
$0
Investment Income
$20,937
Other Revenue
$22,603
All Other Contributions
$542,519
Change in Net Assets
$-173,486

Audited Revenue Reconciliation

Revenue per Audited Statements
$704,322
Total Revenue per Audited Statements
$704,322
Total Revenue per Form 990
$704,322
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$566,440
Other Expenses$311,368
Total Fundraising Expense$88,459
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$324,592$32,457$48,692$405,741
Occupancy$171,816$31,994$10,996$214,806
Current Officers, Directors, Trustees, and Key Employees$73,880$7,388$11,082$92,350
Payroll Taxes$47,636$4,763$7,146$59,545
Office Expenses$21,276$3,681$1,648$26,605
Insurance$16,141$4,989-$21,130
Fees for Services Management$9,465--$9,465
Other Employee Benefits$7,043$705$1,056$8,804
Fees for Services Accounting-$6,700-$6,700
Other Expenses$24,823-$5,444$5,444
Advertising--$2,395$2,395
Total Functional Expenses$696,672$92,677$88,459$877,808

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$877,808
Total Expenses per Audited Statements$877,808
Total Expenses per Form 990$877,808
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$44,465
Fundraising Direct Expenses$21,862
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Benefit$162,728$44,465$8,591$35,874
Total Events$162,728$44,465$21,862$22,603
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
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
No
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, Page 6, Part VI, Line 11B

The executive director sends the form 990 to the audit committee for review and then to the entire board of directors for their review and comments before it is filed.

Form 990, Page 6, Part VI, Line 12C

The organization monitors and enforces compliance through inquiry of officers, directors and employees.

Form 990, Page 6, Part VI, Line 15A

The reading team executive director is paid a salary determined and approved by the board of directors. This amount is reviewed and approved by the board of directors when they approve the budget each year.

Form 990, Page 6, Part VI, Line 15B

The reading team executive director is paid a salary determined and approved by the board of directors. This amount is reviewed and approved by the board of directors when they approve the budget each year. The executive director position is the only paid position for key employees.

Form 990, Page 6, Part VI, Line 19

The financial statements, governing documents and conflict of interest policy are available to the public upon request from the executive director, phone 212-280-2042, address: reading team, inc., po box 3510, new york, ny 10027. Website: www.readingteam.org.

Filing and Contact Details

Filer

Filer Name
Reading Team Inc
EIN
13-4125884
Phone
2122802042
Address
PO BOX 3510, NEW YORK, NY 10027

Signing Officer

Name
Charon Darris
Title
Executive Director
Phone
2122802042
Signed
2025-08-01
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Charon Darris
Formed
2000
Legal Domicile
Ny
Voting Board Members
16
Independent Board Members
15
Employees
42
Volunteers
10

Preparer

Firm
Lehman Flynn Vollaro Ny Cpas Pllc
Address
534 BROADHOLLOW ROAD - SUITE 302, MELVILLE, NY 11747
Preparer
Lawrence a Vollaro CPA
Phone
2127362220
Supplemental Narrative

Additional Explanations

FORM 990 - ORGANIZATION'S MISSION

The reading team runs two early literacy programs: (1) preschool - 2x/week (2-hrs/session) teachers instruct 3 and 4 year old children on phonemic awareness, letter recognition, and sound manipulation. (2) after-school - 5x/week (2.5-hrs/session) teachers instruct children in grades k-5 on phonemic awareness, reading comprehension, literary devices, and writing.

Form 990, Page 1, Part I, Line 6

VARIOUS

Form 990, Page 2, Part III, Line 4A

The reading team preschool program is an intensive and multifaceted early literacy intervention that serves children from neighborhood day care centers and head start programs. This program enables the children we serve to develop the skills, knowledge, and attitudes that are developmental precursors to reading and writing. It is administered by trained, paid teaching staff called literacy coaches. The reading team after-school program serves children in kindergarten through fifth grade who typically are referred to us by their teachers because they are struggling to keep up in the classroom and sometimes because they have classroom behavior problems as well. The reading team engages the children in a wide range of literacy-nurturing activities that enable them to make significant gains in reading ability their first year in the program. More than 80% of reading team children have historically passed the new york state english language arts exam given starting in 3rd grade (on average in harlem, only 30% of children pass this exam)the after-school program is administered by trained,paid teachers known as literacy coaches. The reading team parent programs help parents make better academic decisions and life choices for their children. Our elementary school advisory program advises and supports parents as they make important decisions about their children's schooling and a series of parent conversations teaches parents some simple and positive things they can do to support their children's developing literacy.

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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE READING TEAM RUNS TWO EARLY LITERACY PROGRAMS: (1) PRESCHOOL - 2X/WEEK (2-HRS/SESSION) TEACHERS INSTRUCT 3 AND 4 YEAR OLD CHILDREN ON PHONEMIC AWARENESS, LETTER RECOGNITION, AND SOUND MANIPULATION. (2) AFTER-SCHOOL - 5X/WEEK (2.5-HRS/SESSION) TEACHERS INSTRUCT CHILDREN IN GRADES K-5 ON PHONEMIC AWARENESS, READING COMPREHENSION, LITERARY DEVICES, AND WRITING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1VARIOUS
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE READING TEAM PRESCHOOL PROGRAM IS AN INTENSIVE AND MULTIFACETED EARLY LITERACY INTERVENTION THAT SERVES CHILDREN FROM NEIGHBORHOOD DAY CARE CENTERS AND HEAD START PROGRAMS. THIS PROGRAM ENABLES THE CHILDREN WE SERVE TO DEVELOP THE SKILLS, KNOWLEDGE, AND ATTITUDES THAT ARE DEVELOPMENTAL PRECURSORS TO READING AND WRITING. IT IS ADMINISTERED BY TRAINED, PAID TEACHING STAFF CALLED LITERACY COACHES. THE READING TEAM AFTER-SCHOOL PROGRAM SERVES CHILDREN IN KINDERGARTEN THROUGH FIFTH GRADE WHO TYPICALLY ARE REFERRED TO US BY THEIR TEACHERS BECAUSE THEY ARE STRUGGLING TO KEEP UP IN THE CLASSROOM AND SOMETIMES BECAUSE THEY HAVE CLASSROOM BEHAVIOR PROBLEMS AS WELL. THE READING TEAM ENGAGES THE CHILDREN IN A WIDE RANGE OF LITERACY-NURTURING ACTIVITIES THAT ENABLE THEM TO MAKE SIGNIFICANT GAINS IN READING ABILITY THEIR FIRST YEAR IN THE PROGRAM. MORE THAN 80% OF READING TEAM CHILDREN HAVE HISTORICALLY PASSED THE NEW YORK STATE ENGLISH LANGUAGE ARTS EXAM GIVEN STARTING IN 3RD GRADE (ON AVERAGE IN HARLEM, ONLY 30% OF CHILDREN PASS THIS EXAM)THE AFTER-SCHOOL PROGRAM IS ADMINISTERED BY TRAINED,PAID TEACHERS KNOWN AS LITERACY COACHES. THE READING TEAM PARENT PROGRAMS HELP PARENTS MAKE BETTER ACADEMIC DECISIONS AND LIFE CHOICES FOR THEIR CHILDREN. OUR ELEMENTARY SCHOOL ADVISORY PROGRAM ADVISES AND SUPPORTS PARENTS AS THEY MAKE IMPORTANT DECISIONS ABOUT THEIR CHILDREN'S SCHOOLING AND A SERIES OF PARENT CONVERSATIONS TEACHES PARENTS SOME SIMPLE AND POSITIVE THINGS THEY CAN DO TO SUPPORT THEIR CHILDREN'S DEVELOPING LITERACY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE EXECUTIVE DIRECTOR SENDS THE FORM 990 TO THE AUDIT COMMITTEE FOR REVIEW AND THEN TO THE ENTIRE BOARD OF DIRECTORS FOR THEIR REVIEW AND COMMENTS BEFORE IT IS FILED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE ORGANIZATION MONITORS AND ENFORCES COMPLIANCE THROUGH INQUIRY OF OFFICERS, DIRECTORS AND EMPLOYEES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5THE READING TEAM EXECUTIVE DIRECTOR IS PAID A SALARY DETERMINED AND APPROVED BY THE BOARD OF DIRECTORS. THIS AMOUNT IS REVIEWED AND APPROVED BY THE BOARD OF DIRECTORS WHEN THEY APPROVE THE BUDGET EACH YEAR.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6THE READING TEAM EXECUTIVE DIRECTOR IS PAID A SALARY DETERMINED AND APPROVED BY THE BOARD OF DIRECTORS. THIS AMOUNT IS REVIEWED AND APPROVED BY THE BOARD OF DIRECTORS WHEN THEY APPROVE THE BUDGET EACH YEAR. THE EXECUTIVE DIRECTOR POSITION IS THE ONLY PAID POSITION FOR KEY EMPLOYEES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7THE FINANCIAL STATEMENTS, GOVERNING DOCUMENTS AND CONFLICT OF INTEREST POLICY ARE AVAILABLE TO THE PUBLIC UPON REQUEST FROM THE EXECUTIVE DIRECTOR, PHONE 212-280-2042, ADDRESS: READING TEAM, INC., PO BOX 3510, NEW YORK, NY 10027. WEBSITE: WWW.READINGTEAM.ORG.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990 - ORGANIZATION'S MISSION
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 1, PART I, LINE 6
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 2, PART III, LINE 4A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PAGE 6, PART VI, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PAGE 6, PART VI, LINE 15A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6FORM 990, PAGE 6, PART VI, LINE 15B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc7FORM 990, PAGE 6, PART VI, LINE 19
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