Liabilities / Assets
73rd percentile
Higher debt load relative to assets than 73% of similar nonprofits.
Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.
Liabilities / Assets
73rd percentile
Higher debt load relative to assets than 73% of similar nonprofits.
Liabilities / Revenue
76th percentile
Higher debt load relative to revenue than 76% of similar nonprofits.
Net Margin
79th percentile
Higher net margin than 79% of similar nonprofits.
Top Officer Pay
32nd percentile
Higher top officer pay than 32% of similar nonprofits.
Top officer pay equals 0.0% of source-year revenue.
Asset Growth
95th percentile
Faster asset growth than 95% of similar nonprofits.
Revenue Growth
85th percentile
Faster revenue growth than 85% of similar nonprofits.
Assets
Up$1,113,101
Up $649,640 (+140%) from 2022
Net Assets
Up$703,479
Up $250,818 (+55%) from 2022
Liabilities
Up$409,622
Up $398,822 (+3693%) from 2022
Revenue
Up$1,116,899
Up $375,506 (+51%) from 2022
Expenses
Up$860,244
Up $79,733 (+10%) from 2022
Net Income
Up$256,655
Up $295,773 (+756%) from 2022
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 | - | $509,814 | - |
| Cash and Non-Interest-Bearing Accounts | $445,599 | $170,955 | ▼ $274,644 |
| Total Assets | $1,039,416 | $1,113,101 | ▲ $73,685 |
| Other Assets Total | $593,817 | $432,332 | ▼ $161,485 |
| Liabilities | |||
| Other Liabilities | $581,792 | $391,804 | ▼ $189,988 |
| Accounts Payable and Accrued Expenses | $10,800 | $17,818 | ▲ $7,018 |
| Total Liabilities | $592,592 | $409,622 | ▼ $182,970 |
| Net Assets / Fund Balance | |||
| Net Assets Without Donor Restrictions | $336,824 | $703,479 | ▲ $366,655 |
| Net Assets With Donor Restrictions | $110,000 | - | - |
| Total Net Assets Fund Balance | $446,824 | $703,479 | ▲ $256,655 |
| Total Liabilities and Net Assets / Fund Balance | $1,039,416 | $1,113,101 | ▲ $73,685 |
| Asset | Book Value | Depreciation | Basis |
|---|---|---|---|
| Other Assets Org | $12,862 | - | - |
| Name | Title |
|---|---|
| Carolyn Ellis | President |
| Andrew Auchincloss | Director |
| Andrew Sang | Director |
| Carmita M Padilla | Director |
| Eileen Judell | Director |
| Funke Akinola | Director |
| Helen Pennoyer | Director |
| Judith Dobrzynski | Director |
| Landon Wickham | Director |
| Mia Campbell | Director |
| Monica Gallagher | Director |
| Sean Smith | Director |
| Rachel S Lerner | Secretary |
| Andrew Whitehouse | Treasurer |
| Evelyn J Halpert | Vice Preside |
| Line Item | Amount |
|---|---|
| Salaries, Compensation, and Employee Benefits | $517,614 |
| Other Expenses | $342,630 |
| Total Fundraising Expense | $96,875 |
| Grants and Similar Amounts Paid | $0 |
| Professional Fundraising Fees | $0 |
| Line Item | Program | Management | Fundraising | Total |
|---|---|---|---|---|
| Other Salaries and Wages | $274,771 | $27,476 | $41,217 | $343,464 |
| Occupancy | $161,375 | $16,137 | $24,207 | $201,719 |
| Comp Disqual Persons | $79,842 | $7,984 | $11,976 | $99,802 |
| Payroll Taxes | $44,247 | $4,425 | $6,637 | $55,309 |
| Fees for Services Management | $44,996 | $10,153 | - | $55,149 |
| Other Expenses | $35,464 | - | - | $35,464 |
| Insurance | $17,808 | $5,505 | - | $23,313 |
| Other Employee Benefits | $15,231 | $1,523 | $2,285 | $19,039 |
| Office Expenses | $8,453 | $467 | $1,648 | $10,568 |
| Fees for Services Other | - | - | $8,905 | $8,905 |
| Fees for Services Accounting | - | $6,500 | - | $6,500 |
| Travel | $1,012 | - | - | $1,012 |
| Total Functional Expenses | $683,199 | $80,170 | $96,875 | $860,244 |
| Line Item | Amount |
|---|---|
| Professional Fundraising Fees | $0 |
| Liability | Amount |
|---|---|
| Operating Lease Liabilities | $391,804 |
“Andrew auchincloss evelyn j halpert director director attorney/client andrew auchincloss eileen judell director director attorney/client”
“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, phone212-280-2042, address: the reading team, 2090 adam clayton powell, jr.boulevard, suite 100, new york, ny 10027. Website: www.readingteam.org.”
“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 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.”
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 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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| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 0 | VARIOUS |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 1 | 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. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 2 | ANDREW AUCHINCLOSS EVELYN J HALPERT DIRECTOR DIRECTOR ATTORNEY/CLIENT ANDREW AUCHINCLOSS EILEEN JUDELL DIRECTOR DIRECTOR ATTORNEY/CLIENT |
| 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, PHONE212-280-2042, ADDRESS: THE READING TEAM, 2090 ADAM CLAYTON POWELL, JR.BOULEVARD, SUITE 100, NEW YORK, NY 10027. WEBSITE: WWW.READINGTEAM.ORG. |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 0 | FORM 990, PAGE 1, PART I, LINE 6 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 1 | FORM 990, PAGE 2, PART III, LINE 4A |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 2 | FORM 990, PAGE 6, PART VI, LINE 2 |
| 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 |
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| IRS990/TotalLiabilitiesEOYAmt | 0 | 409622 |
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| ReturnHeader/BuildTS | 0 | 2023-04-26 12:10:37Z |
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| ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt | 0 | LEHMAN FLYNN VOLLARO NY CPAS PLLC |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt | 0 | 534 BROADHOLLOW ROAD - SUITE 302 |
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| ReturnHeader/PreparerPersonGrp/PreparationDt | 0 | 2024-02-08 |
| ReturnHeader/PreparerPersonGrp/PreparerPersonNm | 0 | LAWRENCE A VOLLARO CPA |
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Displayed year
2023 • Form 990Detailed filing. Detailed filing data is available for this year.