Civic Intelligence

The Reading Team Inc

990 • Fiscal year 2021 • EIN 13-4125884

Jul 01, 2020 to Jun 30, 2021 • Filed on Oct 25, 2021

2090 Adam Clayton Powell Jr Bl 100New York, NY 10027

(212) 280-2042

Siviq Scores

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

Liabilities / Assets

40th percentile

0.02x

Higher debt load relative to assets than 40% of similar nonprofits.

2021 filings • NTEE P • $500k-$1M nonprofits • Source year 2021

Liabilities / Revenue

37th percentile

0.01x

Higher debt load relative to revenue than 37% of similar nonprofits.

2021 filings • NTEE P • $500k-$1M nonprofits • Source year 2021

Net Margin

54th percentile

13%

Higher net margin than 54% of similar nonprofits.

2021 filings • NTEE P • $500k-$1M nonprofits • Source year 2021

Top Officer Pay

44th percentile

$0

Higher top officer pay than 44% of similar nonprofits.

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

2021 filings • NTEE P • $500k-$1M nonprofits • Source year 2021

Asset Growth

37th percentile

5.5%

Faster asset growth than 37% of similar nonprofits.

2021 filings • NTEE P • $500k-$1M nonprofits • Annualized from 2020 to 2021

Revenue Growth

38th percentile

2.1%

Faster revenue growth than 38% of similar nonprofits.

2021 filings • NTEE P • $500k-$1M nonprofits • Annualized from 2020 to 2021

Assets

Up

$500,822

Up $26,265 (+5.5%) from 2020

Net Assets

Up

$491,779

Up $103,478 (+27%) from 2020

Liabilities

Down

$9,043

Down $77,213 (-90%) from 2020

Revenue

Up

$810,698

Up $16,538 (+2.1%) from 2020

Expenses

Down

$707,220

Down $47,707 (-6.3%) from 2020

Net Income

Up

$103,478

Up $64,245 (+164%) from 2020

Historical Trend

Balance Sheet Trend

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

2021

Assets$500,822
Liabilities$9,043
Net Assets$491,779

Operations Trend

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

2021

Revenue$810,698
Expenses$707,220
Net Income$103,478
Jump To
Filing Snapshot
Filing Period
Jul 1, 2020 to Jun 30, 2021
Signed
Oct 25, 2021
Return Version
2020v4.0
Gross Receipts
$810,698
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 speakers 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$461,695$483,733▲ $22,038
Total Assets$474,557$500,822▲ $26,265
Other Assets Total$12,862$17,089▲ $4,227
Liabilities
Deferred Revenue$77,715--
Accounts Payable and Accrued Expenses$8,541$9,043▲ $502
Total Liabilities$86,256$9,043▼ $77,213
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$218,301$321,779▲ $103,478
Net Assets With Donor Restrictions$170,000$170,000→ $0
Total Net Assets Fund Balance$388,301$491,779▲ $103,478
Total Liabilities and Net Assets / Fund Balance$474,557$500,822▲ $26,265
Compensation and Service Providers

Board Members and Trustees

Revenue and Support

Revenue Composition

Contributions and Grants
$810,698
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$0
All Other Contributions
$810,698
Change in Net Assets
$103,478

Audited Revenue Reconciliation

Revenue per Audited Statements
$810,698
Total Revenue per Audited Statements
$810,698
Total Revenue per Form 990
$810,698
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$418,179
Other Expenses$289,041
Total Fundraising Expense$102,507
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$275,394$27,539$41,310$344,243
Occupancy$142,971$14,297$21,446$178,714
Other Employee Benefits$32,679$3,268$4,901$40,848
Fees for Services Management$1,173$9,833$27,000$38,006
Payroll Taxes$26,470$2,647$3,971$33,088
Other Expenses$29,028--$29,028
Insurance$15,765$4,874-$20,639
Office Expenses$8,082$808$1,213$10,103
Fees for Services Other$517$3,265$2,652$6,434
Fees for Services Accounting-$6,000-$6,000
Travel$94$9$14$117
Total Functional Expenses$532,173$72,540$102,507$707,220

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$707,220
Total Expenses per Audited Statements$707,220
Total Expenses per Form 990$707,220
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
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 2

Andrew auchincloss evelyn j halpert director director attorney/client andrew auchincloss eileen judell director director attorney/client

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

Dana points, 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 dana points, 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 BL 100, NEW YORK, NY 10027

Signing Officer

Name
Carolyn Ellis
Title
President
Phone
2122802042
Signed
2021-10-25
Discuss with paid preparer
Yes

Organization Details

Formed
2000
Legal Domicile
Ny
Voting Board Members
15
Independent Board Members
15
Employees
25

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 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.

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 mentors. 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 literary mentors. 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/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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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE 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.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE 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 MENTORS. 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 LITERARY MENTORS. 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/ExplanationTxt2ANDREW AUCHINCLOSS EVELYN J HALPERT DIRECTOR DIRECTOR ATTORNEY/CLIENT ANDREW AUCHINCLOSS EILEEN JUDELL DIRECTOR DIRECTOR ATTORNEY/CLIENT
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3DANA POINTS, 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 DANA POINTS, 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/FormAndLineReferenceDesc0FORM 990 - ORGANIZATION'S MISSION
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 2, PART III, LINE 4A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 2
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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ReturnHeader/BuildTS02022-05-20 13:21:51Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0CAROLYN ELLIS
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum02122802042
ReturnHeader/BusinessOfficerGrp/SignatureDt02021-10-25
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0THE READING TEAM INC
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ReturnHeader/Filer/PhoneNum02122802042
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ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0LEHMAN FLYNN VOLLARO NY CPAS PLLC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0534 BROADHOLLOW ROAD - SUITE 302
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0MELVILLE
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0NY
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ReturnHeader/PreparerPersonGrp/PhoneNum02127362220
ReturnHeader/PreparerPersonGrp/PreparationDt02022-01-17
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0LAWRENCE A VOLLARO CPA
ReturnHeader/ReturnTs02022-01-17T07:28:18-06:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0CAROLYN
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0ELLIS
ReturnHeader/TaxPeriodBeginDt02020-07-01
ReturnHeader/TaxPeriodEndDt02021-06-30

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

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
Peer Organizations

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