Civic Intelligence

Reading Matters Inc

990EZ • Fiscal year 2015 • EIN 14-1859485

Jul 01, 2014 to Jun 30, 2015 • Filed on May 06, 2016

Organization ProfileWWW.READINGMATTERS.ORG
2 Heritage Drive 8th FloorQuincy, MA 02171-2119

(617) 878-8000

Siviq Scores

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

Liabilities / Assets

63rd percentile

0.01x

Higher debt load relative to assets than 63% of similar nonprofits.

2015 filings • 501(c)3 • <$500k nonprofits • Source year 2015

Liabilities / Revenue

59th percentile

0.00x

Higher debt load relative to revenue than 59% of similar nonprofits.

2015 filings • 501(c)3 • <$500k nonprofits • Source year 2015

Net Margin

11th percentile

-34%

Higher net margin than 11% of similar nonprofits.

2015 filings • 501(c)3 • <$500k nonprofits • Source year 2015

Top Officer Pay

75th percentile

$0

Higher top officer pay than 75% of similar nonprofits.

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

2015 filings • 501(c)3 • <$500k nonprofits • Source year 2015

Asset Growth

9th percentile

-49%

Faster asset growth than 9% of similar nonprofits.

2015 filings • 501(c)3 • <$500k nonprofits • Annualized from 2014 to 2015

Revenue Growth

49th percentile

0.5%

Faster revenue growth than 49% of similar nonprofits.

2015 filings • 501(c)3 • <$500k nonprofits • Annualized from 2014 to 2015

Balance Sheet
Liabilities / Assets63rd percentile

Assets

Down

$19,367

Down $18,971 (-49%) from 2014

Net Assets

Down

$19,112

Down $19,226 (-50%) from 2014

Liabilities

Up

$255

Up $255 from 2014

Revenue And Expenses
Liabilities / Revenue59th percentileNet Margin11th percentile

Revenue

Up

$56,038

Up $296 (+0.5%) from 2014

Expenses

Down

$75,264

Down $10,907 (-13%) from 2014

Net Income

Up

-$19,226

Up $11,203 (+37%) from 2014

Historical Trend

Balance Sheet Trend

Asset Growth9th percentile

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

$150K$100K$50K$0Assets 2010: $27,466Liabilities 2010: $4,666Net Assets 2010: $22,8002010Assets 2011: $68,679Liabilities 2011: $4,9722011Assets 2012: $107,881Liabilities 2012: $20,469Net Assets 2012: $87,4122012Assets 2013: $113,836Liabilities 2013: $45,069Net Assets 2013: $68,7672013Assets 2014: $38,338Liabilities 2014: $0Net Assets 2014: $38,3382014Assets 2015: $19,367Liabilities 2015: $255Net Assets 2015: $19,1122015Assets 2016: $19,123Liabilities 2016: $0Net Assets 2016: $19,1232016Assets 2017: $19,073Liabilities 2017: $0Net Assets 2017: $19,0732017

Highlighted filing

2015

Assets$19,367
Liabilities$255
Net Assets$19,112
Open 2015 Filing

Operations Trend

Revenue Growth49th percentile

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$150K$100K$50K$0-$50KRevenue 2010: $107,848Expenses 2010: $105,807Net Income 2010: $2,0412010Revenue 2011: $82,192Expenses 2011: $41,285Net Income 2011: $40,9072011Revenue 2012: $111,400Expenses 2012: $87,695Net Income 2012: $23,7052012Revenue 2013: $50,760Expenses 2013: $69,405Net Income 2013: -$18,6452013Revenue 2014: $55,742Expenses 2014: $86,171Net Income 2014: -$30,4292014Revenue 2015: $56,038Expenses 2015: $75,264Net Income 2015: -$19,2262015Revenue 2016: $25,049Expenses 2016: $25,038Net Income 2016: $112016Revenue 2017: $5,859Expenses 2017: $5,909Net Income 2017: -$502017

Highlighted filing

2015

Revenue$56,038
Expenses$75,264
Net Income-$19,226
Open 2015 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2014 to Jun 30, 2015
Signed
May 6, 2016
Return Version
2014v6.0
Gross Receipts
$56,038
Mission and Program Overview

Mission

To promote and carry out the mission of improving literacy in the commonwealth of massachusetts

Program Services

DescriptionGrantsExpenses
VARIOUS READING INITIATIVES RAISING COMMUNITIES' AWARENESS, INCREASING COMMUNITY INVOLVEMENT AND EDUCATING COMMUNITIES ABOUT LITERACY ISSUES (RED SOX/CELTICS GAMES).$56,038$75,265
Compensation and Service Providers
Top Officer Pay75th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
ROBERT DUFFYPresident-$0--
ANN CLARKETreasurer And Secretary-$0--
JAMES SACKSDirector-$0--
KATHLEEN CONWAYDirector-$0--
BARBARA MADELONIDirector-$0--
JANET ANDERSONDirector-$0--
Filing and Contact Details

Filer

Filer Name
Reading Matters Inc
EIN
14-1859485
Phone
6178788000
Address
2 HERITAGE DRIVE 8TH FLOOR, QUINCY, MA 02171-2119

Signing Officer

Name
Robert Duffy
Title
President
Phone
6178788000
Signed
2016-05-06
Discuss with paid preparer
Yes

Preparer

Firm
Kirkland Albrecht & Fredrickson LLC
Address
10 FORBES ROAD WEST, BRAINTREE, MA 02184
Preparer
Michael Hinchey
Phone
7813562000
Supplemental Narrative

Additional Explanations

Form 990-ez, Part I, Line 16 - Other Expenses

“Description: program expenses. Amount: 17,344.”

Form 990-ez, Part II, Line 26 - Other Liabilities

“Description: accounts payable. Beg. Of year amount: 0. End of year amount: 255.”

Raw XML Appendix173 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.

Path#Value
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IRS990EZ/BooksInCareOfDetail/USAddress/CityNm0QUINCY
IRS990EZ/BooksInCareOfDetail/USAddress/StateAbbreviationCd0MA
IRS990EZ/BooksInCareOfDetail/USAddress/ZIPCd0021712119
IRS990EZ/CashSavingsAndInvestmentsGrp/BOYAmt038338
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IRS990EZ/ChgMadeToOrgnzngDocNotRptInd00
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IRS990EZ/DirectIndirectPltclExpendAmt00
IRS990EZ/DonorAdvisedFndsInd00
IRS990EZ/EngagedInExcessBenefitTransInd00
IRS990EZ/ExcessOrDeficitForYearAmt0-19226
IRS990EZ/FiledScheduleAInd01
IRS990EZ/ForeignFinancialAccountInd00
IRS990EZ/ForeignOfficeInd00
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IRS990EZ/GrossReceiptsAmt056038
IRS990EZ/InfoInScheduleOPartIIIInd0X
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IRS990EZ/InfoInScheduleOPartIInd0X
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IRS990EZ/LobbyingActivitiesInd00
IRS990EZ/MadeLoansToFromOfficersInd00
IRS990EZ/MethodOfAccountingAccrualInd0X
IRS990EZ/NetAssetsOrFundBalancesBOYAmt038338
IRS990EZ/NetAssetsOrFundBalancesEOYAmt019112
IRS990EZ/NetAssetsOrFundBalancesGrp/BOYAmt038338
IRS990EZ/NetAssetsOrFundBalancesGrp/EOYAmt019112
IRS990EZ/OccupancyRentUtltsAndMaintAmt0425
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt01.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt11.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt21.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt31.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt41.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt51.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt10
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt20
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IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt40
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt50
IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt10
IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt20
IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt30
IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt40
IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt50
IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt10
IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt20
IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt30
IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt40
IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt50
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm0ROBERT DUFFY
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm1ANN CLARKE
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm2JAMES SACKS
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm3KATHLEEN CONWAY
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm4BARBARA MADELONI
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm5JANET ANDERSON
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt0PRESIDENT
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt1TREASURER AND SECRETARY
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt2DIRECTOR
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt3DIRECTOR
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt4DIRECTOR
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt5DIRECTOR
IRS990EZ/OperateHospitalInd00
IRS990EZ/Organization501c3Ind0X
IRS990EZ/OrganizationDissolvedEtcInd00
IRS990EZ/OrganizationHadUBIInd00
IRS990EZ/OtherChangesInNetAssetsAmt00
IRS990EZ/OtherExpensesTotalAmt017344
IRS990EZ/PartVIHghstPdCntrctProfSrvcTxt0NONE
IRS990EZ/PartVIOfCompOfHghstPdEmplTxt0NONE
IRS990EZ/PoliticalCampaignActyInd00
IRS990EZ/PrimaryExemptPurposeTxt0TO PROMOTE AND CARRY OUT THE MISSION OF IMPROVING LITERACY IN THE COMMONWEALTH OF MASSACHUSETTS
IRS990EZ/PrintingPublicationsPostageAmt031882
IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt0VARIOUS READING INITIATIVES RAISING COMMUNITIES' AWARENESS, INCREASING COMMUNITY INVOLVEMENT AND EDUCATING COMMUNITIES ABOUT LITERACY ISSUES (RED SOX/CELTICS GAMES).
IRS990EZ/ProgramSrvcAccomplishmentGrp/GrantsAndAllocationsAmt056038
IRS990EZ/ProgramSrvcAccomplishmentGrp/ProgramServiceExpensesAmt075265
IRS990EZ/ProhibitedTaxShelterTransInd00
IRS990EZ/RelatedOrganizationCtrlEntInd00
IRS990EZ/SalariesOtherCompEmplBnftAmt025613
IRS990EZ/SchoolOperatingInd00
IRS990EZ/StatesWhereCopyOfReturnIsFldCd0MA
IRS990EZ/SubjectToProxyTaxInd00
IRS990EZ/SumOfTotalLiabilitiesGrp/BOYAmt00
IRS990EZ/SumOfTotalLiabilitiesGrp/EOYAmt0255
IRS990EZ/TanningServicesProvidedInd00
IRS990EZ/TaxImposedOnOrganizationMgrAmt00
IRS990EZ/TaxImposedUnderIRC4911Amt00
IRS990EZ/TaxImposedUnderIRC4912Amt00
IRS990EZ/TaxImposedUnderIRC4955Amt00
IRS990EZ/TaxReimbursedByOrganizationAmt00
IRS990EZ/TotalExpensesAmt075264
IRS990EZ/TotalProgramServiceExpensesAmt075265
IRS990EZ/TotalRevenueAmt056038
IRS990EZ/TransactionWithControlEntInd00
IRS990EZ/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990EZ/TypeOfOrganizationCorpInd0X
IRS990EZ/WebsiteAddressTxt0WWW.READINGMATTERS.ORG
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/TotalAmt00
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearAmt056038
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus1YearAmt055742
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus2YearsAmt050760
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus3YearsAmt0111400
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus4YearsAmt082192
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt0356132
IRS990ScheduleA/InvestmentIncomeCYPct00.00000
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct01.00000
IRS990ScheduleA/PublicSupportPY509Pct01.00000
IRS990ScheduleA/PublicSupportTotal509Amt0356132
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/TotalAmt00
IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt00
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt056038
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt055742
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt050760
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt0111400
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt082192
IRS990ScheduleA/Total509Grp/TotalAmt0356132
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt056038
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt055742
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt050760
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt0111400
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt082192
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt0356132
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
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0DESCRIPTION: PROGRAM EXPENSES. AMOUNT: 17,344.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1DESCRIPTION: ACCOUNTS PAYABLE. BEG. OF YEAR AMOUNT: 0. END OF YEAR AMOUNT: 255.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990-EZ, PART I, LINE 16 - OTHER EXPENSES
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990-EZ, PART II, LINE 26 - OTHER LIABILITIES
TransferPrsnlBnftContractsDecl/DeclarationDesc0THE ORGANIZATION DID NOT, DURING THE YEAR, RECEIVE ANY FUNDS, DIRECTLY,OR INDIRECTLY, TO PAY PREMIUMS ON A PERSONAL BENEFIT CONTRACT.THE ORGANIZATION, DID NOT, DURING THE YEAR, PAY ANY PREMIUMS, DIRECTLY,OR INDIRECTLY, ON A PERSONAL BENEFIT CONTRACT.
ReturnHeader/BuildTS02016-08-17 19:52:53Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0ROBERT DUFFY
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum06178788000
ReturnHeader/BusinessOfficerGrp/SignatureDt02016-05-06
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0READING MATTERS INC
ReturnHeader/Filer/BusinessNameControlTxt0READ
ReturnHeader/Filer/EIN0141859485
ReturnHeader/Filer/PhoneNum06178788000
ReturnHeader/Filer/USAddress/AddressLine1Txt02 HERITAGE DRIVE 8TH FLOOR
ReturnHeader/Filer/USAddress/CityNm0QUINCY
ReturnHeader/Filer/USAddress/StateAbbreviationCd0MA
ReturnHeader/Filer/USAddress/ZIPCd0021712119
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0043121055
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0KIRKLAND ALBRECHT & FREDRICKSON LLC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt010 FORBES ROAD WEST
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0BRAINTREE
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0MA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd002184
ReturnHeader/PreparerPersonGrp/PhoneNum07813562000
ReturnHeader/PreparerPersonGrp/PreparationDt02016-05-06
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0MICHAEL HINCHEY
ReturnHeader/ReturnTs02016-05-13T11:52:50-05:00
ReturnHeader/ReturnTypeCd0990EZ
ReturnHeader/TaxPeriodBeginDt02014-07-01
ReturnHeader/TaxPeriodEndDt02015-06-30
ReturnHeader/TaxYr02014

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2015 • Form 990EZDetailed filing. Detailed filing data is available for this year.

Open filing
Assets
$19,367
Liabilities
$255
Net assets
$19,112
Revenue
$56,038
Expenses
$75,264
Net income
-$19,226
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.19$0.00$0.19$0.06$0.06$0.00
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.19$0.00$0.19$0.25$0.25$0.00
2015Detailed filing. Detailed filing data is available for this year.$0.19$0.00$0.19$0.56$0.75$0.19
2014XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.38$0.00$0.38$0.56$0.86$0.30
2013XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.14$0.45$0.69$0.51$0.69$0.19
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.08$0.20$0.87$1.11$0.88$0.24
2011Summary only. Only limited summary data is available for this year.$0.69$0.05$0.82$0.41$0.41
2010XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.27$0.05$0.23$1.08$1.06$0.02