Liabilities / Assets
86th percentile
Higher debt load relative to assets than 86% of similar nonprofits.
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.
Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.
Liabilities / Assets
86th percentile
Higher debt load relative to assets than 86% of similar nonprofits.
Liabilities / Revenue
82nd percentile
Higher debt load relative to revenue than 82% of similar nonprofits.
Net Margin
14th percentile
Higher net margin than 14% of similar nonprofits.
Top Officer Pay
Score unavailable
No filing with officer rows is available for this organization yet.
Asset Growth
7th percentile
Faster asset growth than 7% of similar nonprofits.
Revenue Growth
16th percentile
Faster revenue growth than 16% of similar nonprofits.
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
Most recent year
2025 • Form 990Detailed filing. Detailed filing data is available for this year.
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.
| Line | Beginning | End | Change |
|---|---|---|---|
| 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 |
| Name | Title | Full / Part Time | Base | Other | Total |
|---|---|---|---|---|---|
| Charon Darris | Executive Di | FT | $145,000 | $15,009 | $160,009 |
| Charon Darris | Executive Director | - | $145,000 | $15,009 | $160,009 |
| Name | Title |
|---|---|
| Carolyn Ellis | Chair |
| Andrew Sang | Director |
| Eileen Judell | Director |
| Elizabeth Wilkins Everett | Director |
| Funke Akinola | Director |
| Helen Pennoyer | Director |
| Judith Dobrzynski | Director |
| Landon Wickham | Director |
| Megan Seiboldt | Director |
| Merlina Manocaran | Director |
| Sean Smith | Director |
| Tyler R Lewis | Director |
| Rachel S Lerner | Secretary |
| Andrew Whitehouse | Treasurer |
| Evelyn J Halpert | Vice Preside |
| Line Item | Amount |
|---|---|
| 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 |
| Line Item | Program | Management | Fundraising | Total |
|---|---|---|---|---|
| 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 |
| Line Item | Amount |
|---|---|
| Expenses per Audited Statements | $877,808 |
| Total Expenses per Audited Statements | $877,808 |
| Total Expenses per Form 990 | $877,808 |
| Line Item | Amount |
|---|---|
| Fundraising Gross Income | $44,465 |
| Fundraising Direct Expenses | $21,862 |
| Professional Fundraising Fees | $0 |
| Event | Gross Receipts | Gross Revenue | Direct Expenses | Net Income |
|---|---|---|---|---|
| Benefit | $162,728 | $44,465 | $8,591 | $35,874 |
| Total Events | $162,728 | $44,465 | $21,862 | $22,603 |
“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.”
“The organization monitors and enforces compliance through inquiry of officers, directors and employees.”
“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 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.”
“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.”
“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.”
“VARIOUS”
“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.”
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/ActivityOrMissionDesc | 0 | 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. |
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| IRS990/Desc | 0 | 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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| IRS990/MissionDesc | 0 | 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. |
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| IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City | 0 | RESTRICTED |
| IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State | 0 | RESTRICTED |
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| IRS990ScheduleG/FundraisingEventInformationGrp/Event1Nm | 0 | BENEFIT |
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| IRS990ScheduleG/FundraisingEventInformationGrp/RentFacilityCostsEvent1Amt | 0 | 2500 |
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| IRS990ScheduleJ/CompBsdNetEarnsFlngOrgInd | 0 | false |
| IRS990ScheduleJ/CompBsdNetEarnsRltdOrgsInd | 0 | false |
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| IRS990/ScheduleJRequiredInd | 0 | true |
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| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 0 | 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. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 1 | VARIOUS |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 2 | 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. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 3 | 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. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 4 | THE ORGANIZATION MONITORS AND ENFORCES COMPLIANCE THROUGH INQUIRY OF OFFICERS, DIRECTORS AND EMPLOYEES. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 5 | 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. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 6 | 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. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 7 | 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. |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 0 | FORM 990 - ORGANIZATION'S MISSION |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 1 | FORM 990, PAGE 1, PART I, LINE 6 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 2 | FORM 990, PAGE 2, PART III, LINE 4A |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 3 | FORM 990, PAGE 6, PART VI, LINE 11B |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 4 | FORM 990, PAGE 6, PART VI, LINE 12C |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 5 | FORM 990, PAGE 6, PART VI, LINE 15A |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 6 | FORM 990, PAGE 6, PART VI, LINE 15B |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 7 | FORM 990, PAGE 6, PART VI, LINE 19 |
| IRS990/SchoolOperatingInd | 0 | false |
| IRS990/SignificantChangeInd | 0 | false |
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| IRS990/StatesWhereCopyOfReturnIsFldCd | 0 | NY |
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| IRS990/SubjectToProxyTaxInd | 0 | false |
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| IRS990/TaxablePartyNotificationInd | 0 | false |
| IRS990/TaxExemptBondsInd | 0 | false |
| IRS990/TerminateOperationsInd | 0 | false |
| IRS990/TotalAssetsBOYAmt | 0 | 633037 |
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