Civic Intelligence

The Reading Team Inc

990 • Fiscal year 2016 • EIN 13-4125884

Jul 01, 2015 to Jun 30, 2016 • Filed on May 23, 2017

Organization ProfileWWW.READINGTEAM.ORG
2090 Adam Clayton Powell Jr Blvd100New York, NY 10027

(212) 280-2042

Siviq Scores

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

Liabilities / Assets

69th percentile

0.27x

Higher debt load relative to assets than 69% of similar nonprofits.

2016 filings • NTEE P • $500k-$1M nonprofits • Source year 2016

Liabilities / Revenue

61st percentile

0.09x

Higher debt load relative to revenue than 61% of similar nonprofits.

2016 filings • NTEE P • $500k-$1M nonprofits • Source year 2016

Net Margin

73rd percentile

9.6%

Higher net margin than 73% of similar nonprofits.

2016 filings • NTEE P • $500k-$1M nonprofits • Source year 2016

Top Officer Pay

39th percentile

$0

Higher top officer pay than 39% of similar nonprofits.

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

2016 filings • NTEE P • $500k-$1M nonprofits • Source year 2016

Asset Growth

86th percentile

47%

Faster asset growth than 86% of similar nonprofits.

2016 filings • NTEE P • $500k-$1M nonprofits • Annualized from 2015 to 2016

Revenue Growth

68th percentile

17%

Faster revenue growth than 68% of similar nonprofits.

2016 filings • NTEE P • $500k-$1M nonprofits • Annualized from 2015 to 2016

Balance Sheet
Liabilities / Assets69th percentile

Assets

Up

$308,544

Up $98,403 (+47%) from 2015

Net Assets

Up

$226,434

Up $86,995 (+62%) from 2015

Liabilities

Up

$82,110

Up $11,408 (+16%) from 2015

Revenue And Expenses
Liabilities / Revenue61st percentileNet Margin73rd percentile

Revenue

Up

$956,659

Up $139,834 (+17%) from 2015

Expenses

Up

$864,493

Up $33,634 (+4.0%) from 2015

Net Income

Up

$92,166

Up $106,200 (+757%) from 2015

Historical Trend

Balance Sheet Trend

Asset Growth86th percentile

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

$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

2016

Assets$308,544
Liabilities$82,110
Net Assets$226,434
Open 2016 Filing

Operations Trend

Revenue Growth68th percentile

Revenue, expenses, and net income across loaded years, with this 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

2016

Revenue$956,659
Expenses$864,493
Net Income$92,166
Open 2016 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2015 to Jun 30, 2016
Signed
May 23, 2017
Return Version
2015v3.0
Gross Receipts
$956,659
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 foundation conducts early literacy programs for young children who are at high risk of reading failure to become strong and enthusiastic readers, writers, listeners, and spakers and to develop the skills, habits, and behaviors that will support their success in school and in life.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$87,346$214,564▲ $127,218
Pledges and Grants Receivable$67,500$63,500▼ $4,000
Land, Buildings, and Equipment, Net$40,154$17,618▼ $22,536
Savings and Temporary Cash Investments$1,731$0▼ $1,731
Total Assets$210,141$308,544▲ $98,403
Other Assets Total$13,410$12,862▼ $548
Liabilities
Deferred Revenue$48,626$44,872▼ $3,754
Accounts Payable and Accrued Expenses$22,076$37,238▲ $15,162
Total Liabilities$70,702$82,110▲ $11,408
Net Assets / Fund Balance
Unrestricted Net Assets$139,439$171,434▲ $31,995
Temporarily Rstr Net Assets-$55,000-
Total Net Assets Fund Balance$139,439$226,434▲ $86,995
Total Liabilities and Net Assets / Fund Balance$210,141$308,544▲ $98,403

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$0--
Other Land Buildings$0--
Equipment$17,618$229,438-
Compensation and Service Providers
Top Officer Pay39th percentile

Board Members and Trustees

NameTitle
Maureen RoverPresident
Bertrand BrownDirector
Christina TapperDirector
Eileen Weiler JudellDirector
Evelyn J HalpertDirector
Hellen PennoyerDirector
Kelly HarrisonDirector
Lynn TroykaDirector
Marc WeismanDirector
Marianne JohnsonDirector
Meghan MagyarDirector
Stephen MeringoffDirector
Revenue and Support

Revenue Composition

Contributions and Grants
$956,060
Program Service Revenue
$0
Investment Income
$599
Other Revenue
$0
All Other Contributions
$956,060
Change in Net Assets
$92,166

Noncash Contribution Practices

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

Noncash Contributions

Contribution TypeContribution CountReported AmountValuation Method
Other Non Cash Contri Table1$50,000Cost of Donated Prop
Total Noncash Contributions1$50,000-

Audited Revenue Reconciliation

Revenue per Audited Statements
$956,659
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$158,300
Total Revenue per Audited Statements
$1,114,959
Total Revenue per Form 990
$956,659
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$497,481
Other Expenses$367,012
Total Fundraising Expense$14,843
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$416,791--$416,791
Occupancy$134,200$15,976$9,586$159,762
Payroll Taxes$52,166--$52,166
All Other Expenses$23,835$6,441$1,058$31,334
Other Employee Benefits$28,524--$28,524
Insurance$23,098$2,750$1,650$27,498
Depreciation Depletion$16,172$1,797-$17,969
Fees for Services Accounting-$16,670-$16,670
Other Expenses$8,256$2,411$1,447$12,114
Office Expenses$3,349$399$239$3,987
Total Functional Expenses$801,768$47,882$14,843$864,493

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$1,025,617
Expenses per Audited Statements$864,493
Total Expenses per Form 990$864,493
Expenses Not Reported on Form 990$161,124
Expenses Not Reported on Financial Statements$0
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
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
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 B, Line 11

“Maureen rover, president, 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, Part VI, Section B, Line 12C

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

Form 990, Part VI, Section B, Line 15

“The reading team president is a volunteer and is not paid a salary. The amount that is specified for the president's in-kind contribution of her services, in keeping with the salaries of the rest of reading team employees, is significantly lower than the management salaries in comparable organizations. This amount is approved by the board of directors when they approve the budget each year.”

Form 990, Part VI, Section C, Line 19

“The financial statements, governing documents and conflict of interest policy are available to the public upon request from maureen rover, phone 212-280-2042, address: the reading team, 2090 adam clayton powell, jr. Boulevard, suite 100, new york, ny 10027. Website: www.readingteam.org.”

Filing and Contact Details

Filer

Filer Name
The Reading Team Inc
EIN
13-4125884
Phone
2122802042
Address
2090 ADAM CLAYTON POWELL JR BLVD100, NEW YORK, NY 10027

Signing Officer

Name
Maureen Rover
Title
President
Phone
2128768377
Signed
2017-05-23
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Maureen Rover
Formed
2000
Legal Domicile
Ny
Voting Board Members
12
Independent Board Members
12
Employees
38
Volunteers
0

Preparer

Firm
Jm CPA Llp
Address
589 EIGHTH AVENUE-7TH FL, NEW YORK, NY 10018
Preparer
Steve Bibas
Phone
2123039000
Supplemental Narrative

Additional Explanations

FORM 990, PART XI, LINE 9:

“Book over tax depreciation -2,824.”

Financial Statement Notes

PART XII, LINE 2D - OTHER ADJUSTMENTS:

“Book over tax depreciation 2,824.”

Raw XML AppendixShowing 400 of 440 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/Desc0THE READING TEAM PRESCHOOL PROGRAM IS AN INTENSIVE AND MULTIFACETED EARLY LITERACY INTERVENTION THAT SERVES 500 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. THE CHILDREN TYPICALLY GAIN MORE THAN 50 PERCENTILES IN READING ABILITY DURING THEIR YEAR IN THE PROGRAM AND FINISH THE YEAR ABOVE THE 80TH PERCENTILE IN READING ABILITY. THEY MAINTAIN THOSE GAINS THROUGH THE EARLY ELEMENTARY GRADES AND THEY PASS THE NEW YORK STATE ENGLISH LANGUAGE ARTS EXAM WHEN THEY TAKE IT IN THIRD GRADE. CHILDREN IN THE READING TEAM NEIGHBORHOOD SCHOOLS HAVE AN AVERAGE PASS RATE OF 30% ON THIS EXAM.
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IRS990/MissionDesc0THE FOUNDATION IS DEDICATED TO ENABLING YOUNG CHILDREN WHO ARE 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.
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IRS990/OccupancyGrp/ProgramServicesAmt0134200
IRS990/OccupancyGrp/TotalAmt0159762
IRS990/OfficeExpensesGrp/FundraisingAmt0239
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt0399
IRS990/OfficeExpensesGrp/ProgramServicesAmt03349
IRS990/OfficeExpensesGrp/TotalAmt03987
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt013410
IRS990/OtherAssetsTotalGrp/EOYAmt012862
IRS990/OtherChangesInNetAssetsAmt0-2824
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt028524
IRS990/OtherEmployeeBenefitsGrp/TotalAmt028524
IRS990/OtherExpensesGrp/Desc0CHILDREN'S BOOKS
IRS990/OtherExpensesGrp/Desc1AFTER SCHOOL INSTRUCTIO
IRS990/OtherExpensesGrp/Desc2DEVELOPMENT
IRS990/OtherExpensesGrp/Desc3OUTREACH & COMMUNICATIO
IRS990/OtherExpensesGrp/FundraisingAmt0863
IRS990/OtherExpensesGrp/FundraisingAmt11447
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt01438
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt12411
IRS990/OtherExpensesGrp/ProgramServicesAmt054991
IRS990/OtherExpensesGrp/ProgramServicesAmt128307
IRS990/OtherExpensesGrp/ProgramServicesAmt212079
IRS990/OtherExpensesGrp/ProgramServicesAmt38256
IRS990/OtherExpensesGrp/TotalAmt054991
IRS990/OtherExpensesGrp/TotalAmt128307
IRS990/OtherExpensesGrp/TotalAmt214380
IRS990/OtherExpensesGrp/TotalAmt312114
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt0416791
IRS990/OtherSalariesAndWagesGrp/TotalAmt0416791
IRS990/OtherWebsiteInd0X
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PayrollTaxesGrp/ProgramServicesAmt052166
IRS990/PayrollTaxesGrp/TotalAmt052166
IRS990/PledgesAndGrantsReceivableGrp/BOYAmt067500
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt063500
IRS990/PoliticalCampaignActyInd00
IRS990/PrincipalOfficerNm0MAUREEN ROVER
IRS990/PriorPeriodAdjustmentsAmt0-2347
IRS990/ProfessionalFundraisingInd00
IRS990/ProgSrvcAccomActy2Grp/Desc0THE READING TEAM AFTER-SCHOOL PROGRAM SERVES 90 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 GAIN MORE THAN 60 PERCENTILES IN READING ABILITY THEIR FIRST YEAR IN THE PROGRAM. THE CHILDREN TYPICALLY FINISH THEIR KINDERGARTEN YEAR ABOVE THE 90TH PERCENTILE IN READING ABILITY. THEY MAINTAIN THOSE EXTRAORDINARY GAINS THROUGH THEIR EARLY SCHOOLING AND PASS THE NEW YORK STATE ENGLISH LANGUAGE ARTS EXAM WHEN THEY TAKE IT IN THIRD THROUGH FIFTH GRADES. CHILDREN IN THE READING TEAM NEIGHBORHOOD SCHOOLS HAVE AN AVERAGE PASS RATE OF 30% ON THIS EXAM.
IRS990/ProgSrvcAccomActy3Grp/Desc0THE 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.
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt0816825
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt00
IRS990/PYOtherExpensesAmt0342184
IRS990/PYOtherRevenueAmt00
IRS990/PYProgramServiceRevenueAmt00
IRS990/PYRevenuesLessExpensesAmt0-14034
IRS990/PYSalariesCompEmpBnftPaidAmt0488675
IRS990/PYTotalExpensesAmt0830859
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt0816825
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt092166
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd00
IRS990/ReportProgramRelatedInvstInd00
IRS990/SavingsAndTempCashInvstGrp/BOYAmt01731
IRS990/SavingsAndTempCashInvstGrp/EOYAmt00
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt0906060
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt0766825
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt0730583
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt0713404
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt0543767
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt03660639
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt017
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt017
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.57260
IRS990ScheduleA/PublicSupportPY170Pct00.56960
IRS990ScheduleA/PublicSupportTotal170Amt02095991
IRS990ScheduleA/SubstantialContributorsTotAmt01564648
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt0906060
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt0766825
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt0730583
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt0713404
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt0543767
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt03660639
IRS990ScheduleA/TotalSupportAmt03660656
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd01
IRS990ScheduleD/BuildingsGrp/BookValueAmt00
IRS990ScheduleD/DonatedServicesAndUseFcltsAmt0158300
IRS990ScheduleD/DonatedServicesUseFcltsAmt0158300
IRS990ScheduleD/EquipmentGrp/BookValueAmt017618
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0229438
IRS990ScheduleD/EquipmentGrp/InvestmentCostOrOtherBasisAmt0247056
IRS990ScheduleD/ExpensesNotReportedAmt0161124
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt0864493
IRS990ScheduleD/OtherExpensesIncludedAmt02824
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt00
IRS990ScheduleD/RevenueNotReportedAmt0158300
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt0956659
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0BOOK OVER TAX DEPRECIATION 2,824.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART XII, LINE 2D - OTHER ADJUSTMENTS:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt017618
IRS990ScheduleD/TotalExpensesPerForm990Amt0864493
IRS990ScheduleD/TotalRevenuePerForm990Amt0956659
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt01114959
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt01025617
IRS990/ScheduleJRequiredInd00
IRS990ScheduleM/AnyPropertyThatMustBeHeldInd00
IRS990ScheduleM/OtherNonCashContriTableGrp/ContributionCnt01
IRS990ScheduleM/OtherNonCashContriTableGrp/Desc0CHILDREN BOOKS
IRS990ScheduleM/OtherNonCashContriTableGrp/MethodOfDeterminingRevenuesTxt0COST OF DONATED PROP
IRS990ScheduleM/OtherNonCashContriTableGrp/NonCashCheckboxInd0X
IRS990ScheduleM/OtherNonCashContriTableGrp/NoncashContributionsRptF990Amt050000
IRS990ScheduleM/ReviewProcessUnusualNCGiftsInd00
IRS990ScheduleM/ThirdPartiesUsedInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0MAUREEN ROVER, PRESIDENT, 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/ExplanationTxt1THE ORGANIZATION MONITORS AND ENFORCES COMPLIANCE THROUGH INQUIRY OF OFFICERS, DIRECTORS AND EMPLOYEES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE READING TEAM PRESIDENT IS A VOLUNTEER AND IS NOT PAID A SALARY. THE AMOUNT THAT IS SPECIFIED FOR THE PRESIDENT'S IN-KIND CONTRIBUTION OF HER SERVICES, IN KEEPING WITH THE SALARIES OF THE REST OF READING TEAM EMPLOYEES, IS SIGNIFICANTLY LOWER THAN THE MANAGEMENT SALARIES IN COMPARABLE ORGANIZATIONS. THIS AMOUNT IS APPROVED BY THE BOARD OF DIRECTORS WHEN THEY APPROVE THE BUDGET EACH YEAR.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE FINANCIAL STATEMENTS, GOVERNING DOCUMENTS AND CONFLICT OF INTEREST POLICY ARE AVAILABLE TO THE PUBLIC UPON REQUEST FROM MAUREEN ROVER, PHONE 212-280-2042, ADDRESS: THE READING TEAM, 2090 ADAM CLAYTON POWELL, JR. BOULEVARD, SUITE 100, NEW YORK, NY 10027. WEBSITE: WWW.READINGTEAM.ORG.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4BOOK OVER TAX DEPRECIATION -2,824.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION B, LINE 11
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION B, LINE 15
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART XI, LINE 9:
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/StatesWhereCopyOfReturnIsFldCd0NY
IRS990/SubjectToProxyTaxInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TemporarilyRstrNetAssetsGrp/EOYAmt055000
IRS990/TempOrPermanentEndowmentsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt0210141
IRS990/TotalAssetsEOYAmt0308544
IRS990/TotalAssetsGrp/BOYAmt0210141
IRS990/TotalAssetsGrp/EOYAmt0308544
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt0956060
IRS990/TotalEmployeeCnt038
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt014843
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt047882
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0801768
IRS990/TotalFunctionalExpensesGrp/TotalAmt0864493
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt070702
IRS990/TotalLiabilitiesEOYAmt082110
IRS990/TotalLiabilitiesGrp/BOYAmt070702
IRS990/TotalLiabilitiesGrp/EOYAmt082110
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0139439
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0226434
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt0801768
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt0599
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt00
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0956659
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt00
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0210141
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0308544
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TrnsfrExmptNonChrtblRltdOrgInd00

Document Assets

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Filings

Displayed year

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

Open filing
Assets
$308,544
Liabilities
$82,110
Net assets
$226,434
Revenue
$956,659
Expenses
$864,493
Net income
$92,166
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