Civic Intelligence

Read Ministries Inc.

990 • Fiscal year 2011 • EIN 20-0222800

Jan 01, 2011 to Dec 31, 2011 • Filed on Aug 14, 2012

1001 1st Ave East Suite 16955008
Siviq Scores

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

Liabilities / Assets

55th percentile

0.00x

Higher debt load relative to assets than 55% of similar nonprofits.

2011 filings • 501(c)3 • <$500k nonprofits • Source year 2011

Liabilities / Revenue

Score unavailable

No value available

Liabilities-to-revenue requires both liabilities and revenue on this filing.

Source year 2011

Net Margin

Score unavailable

No value available

Net margin requires both revenue and expenses on this filing.

Source year 2011

Top Officer Pay

Score unavailable

No value available

This filing does not contain officer compensation rows.

Source year 2011

Asset Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2011

Revenue Growth

Score unavailable

No value available

No valid filing value is available for this score.

Assets

$100,772

No earlier filing loaded for comparison.

Net Assets

$100,550

No earlier filing loaded for comparison.

Liabilities

$222

No earlier filing loaded for comparison.

Revenue

-

No earlier filing loaded for comparison.

Expenses

$330,991

No earlier filing loaded for comparison.

Net Income

-

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

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

$600K$400K$200K$0-$200KAssets 2011: $100,772Liabilities 2011: $222Net Assets 2011: $100,5502011Assets 2012: $104,369Liabilities 2012: $112Net Assets 2012: $104,2572012Assets 2013: $130,986Liabilities 2013: $594Net Assets 2013: $130,3922013Assets 2014: $130,589Liabilities 2014: $14,427Net Assets 2014: $116,1622014Assets 2015: $185,670Liabilities 2015: $12,492Net Assets 2015: $173,1782015Assets 2016: $171,252Liabilities 2016: -$7,484Net Assets 2016: $178,7362016Assets 2017: $154,356Liabilities 2017: -$7,237Net Assets 2017: $161,5932017Assets 2018: $226,051Liabilities 2018: $3,493Net Assets 2018: $222,5582018Assets 2019: $201,672Liabilities 2019: $2,950Net Assets 2019: $198,7222019Assets 2020: $203,621Liabilities 2020: $4,356Net Assets 2020: $199,2652020Assets 2021: $297,487Liabilities 2021: $6,000Net Assets 2021: $291,4872021Assets 2022: $457,365Liabilities 2022: $5,660Net Assets 2022: $451,7052022Assets 2023: $406,534Liabilities 2023: $3,475Net Assets 2023: $403,0592023Assets 2024: $497,140Liabilities 2024: $2,743Net Assets 2024: $494,3972024

Highlighted filing

2011

Assets$100,772
Liabilities$222
Net Assets$100,550

Operations Trend

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

$1.0M$500K$0-$500KExpenses 2011: $330,9912011Expenses 2012: $294,8812012Revenue 2013: $305,928Expenses 2013: $279,793Net Income 2013: $26,1352013Revenue 2014: $249,549Expenses 2014: $263,779Net Income 2014: -$14,2302014Revenue 2015: $360,262Expenses 2015: $303,246Net Income 2015: $57,0162015Revenue 2016: $312,438Expenses 2016: $306,880Net Income 2016: $5,5582016Revenue 2017: $257,607Expenses 2017: $274,750Net Income 2017: -$17,1432017Revenue 2018: $386,647Expenses 2018: $325,682Net Income 2018: $60,9652018Revenue 2019: $312,766Expenses 2019: $336,602Net Income 2019: -$23,8362019Revenue 2020: $353,504Expenses 2020: $352,961Net Income 2020: $5432020Revenue 2021: $456,241Expenses 2021: $364,019Net Income 2021: $92,2222021Revenue 2022: $874,610Expenses 2022: $714,392Net Income 2022: $160,2182022Revenue 2023: $502,324Expenses 2023: $550,970Net Income 2023: -$48,6462023Revenue 2024: $665,502Expenses 2024: $574,164Net Income 2024: $91,3382024

Highlighted filing

2011

Revenue-
Expenses$330,991
Net Income-
Jump To
Filing Snapshot
Filing Period
Jan 1, 2011 to Dec 31, 2011
Signed
Aug 14, 2012
Return Version
2011v1.2
Gross Receipts
$305,601
Mission and Program Overview

Mission

READ Ministries seeks to enhance and support the effectiveness of Christian ministries in Ukraine and other former Soviet Union countries. This support comes primarily from books, and other forms of media and training.

Major Activities

Activity 2
Church Leaders' Training and Library ProjectsA second major emphasis for READ in 2011 was our Church Leaders Training and Library Projects. In partnership with our Ukrainian friends, READ was able to initiate the first ever electronic library training in Central Asia. This provided a people starved for God's Word not only the way, but the means, to access Christian media through the provision of netbooks and flash drives preloaded with several thousand volumes of Christian media resources. Over 2011-2012 READ plans to assist the theological education and ministry efforts of over 70 Christian workers in the countries of Central Asia. In addition to our digital library projects, READ conducted a conference for church leaders in November of 2011 in Minsk, Belarus. A total of 75 pastors throughout the country of Belarus were invited and 67 pastors and church leaders attended the conference. Upon completion of the conference, each attendee was given a 30 volume theological library placing over 2,000 theological books in the hands of church leaders throughout Belarus. During the conference, emphasis was placed on the use of biblical and theological resources, how to read critically, how to choose books, how to organize their personal resources and how to discern the theological soundness of Christian publishing houses. Also included was a session on the pros and cons of digital theological resources. At the end of the conference, many had tears in their eyes as they waved goodbye thanking us for the training and books provided by the conference. Christian Books in Public LibrariesThe ruling authorities in Ukraine issued an edict that Christian values should be taught in Ukrainian schools and books about Christian values made available for students. With this presidential mandate, there began a need for Christian resources to be provided for public use. READ is currently in the planning process of resourcing a Christian coffee house in Kremenchug, Ukraine. Institutional Library ProjectsDuring 2011, READ enthusiastically supplied resources to the orphanage ministry in Dunaevtsy, Ukraine. Through the efforts of the Bogomaz family, Christian books and Bibles brought smiles to the faces of those all too often forgotten by Ukrainian society. Plans are underway to expand our institutional library projects in 2012 into prisons, jails and rehab houses throughout Ukraine. Ministering to those people who find themselves in poverty and unfortunate circumstances in this part of the world is one way READ is fulfilling God's command to love our neighbors as ourselves.
Filing and Contact Details

Filer

EIN
20-0222800
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IRS990/Activity2/Description0Church Leaders' Training and Library ProjectsA second major emphasis for READ in 2011 was our Church Leaders Training and Library Projects. In partnership with our Ukrainian friends, READ was able to initiate the first ever electronic library training in Central Asia. This provided a people starved for God's Word not only the way, but the means, to access Christian media through the provision of netbooks and flash drives preloaded with several thousand volumes of Christian media resources. Over 2011-2012 READ plans to assist the theological education and ministry efforts of over 70 Christian workers in the countries of Central Asia. In addition to our digital library projects, READ conducted a conference for church leaders in November of 2011 in Minsk, Belarus. A total of 75 pastors throughout the country of Belarus were invited and 67 pastors and church leaders attended the conference. Upon completion of the conference, each attendee was given a 30 volume theological library placing over 2,000 theological books in the hands of church leaders throughout Belarus. During the conference, emphasis was placed on the use of biblical and theological resources, how to read critically, how to choose books, how to organize their personal resources and how to discern the theological soundness of Christian publishing houses. Also included was a session on the pros and cons of digital theological resources. At the end of the conference, many had tears in their eyes as they waved goodbye thanking us for the training and books provided by the conference. Christian Books in Public LibrariesThe ruling authorities in Ukraine issued an edict that Christian values should be taught in Ukrainian schools and books about Christian values made available for students. With this presidential mandate, there began a need for Christian resources to be provided for public use. READ is currently in the planning process of resourcing a Christian coffee house in Kremenchug, Ukraine. Institutional Library ProjectsDuring 2011, READ enthusiastically supplied resources to the orphanage ministry in Dunaevtsy, Ukraine. Through the efforts of the Bogomaz family, Christian books and Bibles brought smiles to the faces of those all too often forgotten by Ukrainian society. Plans are underway to expand our institutional library projects in 2012 into prisons, jails and rehab houses throughout Ukraine. Ministering to those people who find themselves in poverty and unfortunate circumstances in this part of the world is one way READ is fulfilling God's command to love our neighbors as ourselves.
IRS990/ActivityOrMissionDescription0READ Ministries seeks to enhance and support the effectiveness of Christian ministries in Ukraine and other former Soviet Union countries. This support comes primarily from books, and other forms of media and training.
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IRS990/Description0READ MINISTRIES, INC - SUMMARY OF 2011In 2011 READ Ministries sponsored and conducted various Christian literature projects in Ukraine and Belarus which involved the training of evangelical church workers and the distribution of Christian literature and media resources. Following is a summary of what transpired in 2011:Church Librarian Training ProgramIn 2011 READ was able to conduct 4 Church Liberian Training Programs. These programs take place over a two year period and are held at Regional Bible Colleges throughout Ukraine and Belarus. In 2011 READ was able to sponsor and resource programs in Kremenchug, Kyiv, and Kherson, Ukraine with an additional training program in Minsk, Belarus. In the spring of 2011, READ was excited to witness the graduation of 25 students from our Church Librarian Training program in Kyiv, Ukraine. These students proudly marched across the stage to accept their certificate and receive their final installment of books for their church library. This means that 25 additional churches in this oblast were resourced with 300 volume libraries from READ. A total of 100 students were enrolled in the READ's Church Librarian Training programs during 2011. At the completion of these 4 programs, an additional 30,000 Christian books will have been made available to the people of Ukraine and Belarus. With the completion of these 4 Church Librarian Training Programs, at total of 110,700 Christian books will be circulating in Ukraine, Belarus and other parts of the former Soviet Union! In this collection of books there are books for children, youth and adults. There are books for believers and non-believers. These Christian books help those who read them gain Biblical understanding and experience spiritual growth. The trained librarian is essential for the successful operation and effectiveness of the church and its library.
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IRS990ScheduleB/ContributorInfo/ContributorAddressUS/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInfo/ContributorAddressUS/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInfo/ContributorAddressUS/City0RESTRICTED
IRS990ScheduleB/ContributorInfo/ContributorAddressUS/State0RESTRICTED
IRS990ScheduleB/ContributorInfo/ContributorAddressUS/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInfo/ContributorNameBusiness/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInfo/ContributorNumber0RESTRICTED
IRS990/ScheduleBRequired0true
IRS990/ScheduleJRequired0false
IRS990ScheduleL/Form990ScheduleLPartIV/AmountOfTransaction09265
IRS990ScheduleL/Form990ScheduleLPartIV/DescriptionOfTransaction0PRINTING COMP-OWNED -SONS
IRS990ScheduleL/Form990ScheduleLPartIV/NameOfInterestedPerson/NamePerson0GEORGE JOHNSON
IRS990ScheduleL/Form990ScheduleLPartIV/Relationship0FATHER
IRS990ScheduleL/Form990ScheduleLPartIV/SharingOfRevenues0false
IRS990ScheduleO/GeneralExplanation/Explanation0990 UPON REQUEST. OTHER FINANCIAL DOCUMENTS NOT OPEN FOR PUBLIC VIEW.
IRS990ScheduleO/GeneralExplanation/Explanation1CHAIRMAN DOES AN ANNUAL REVIEW OF ALL DIRECTORS.
IRS990ScheduleO/GeneralExplanation/Explanation2CHAIRMAN REVIWED 990 PRIOR TO FILING, COPY WILL BE GIVEN TO OTHER DIRECTORS AT NEXT BOARD MEETING.
IRS990ScheduleO/GeneralExplanation/Identifier0Form 990, Part VI, Line 19
IRS990ScheduleO/GeneralExplanation/Identifier1Form 990, Part VI, Line 12c
IRS990ScheduleO/GeneralExplanation/Identifier2Form 990, Part VI, Line 11
IRS990ScheduleO/GeneralExplanation/ReturnReference0Form 990, Part VI, Line 19: Other Organization Documents Publicly Available
IRS990ScheduleO/GeneralExplanation/ReturnReference1Form 990, Part VI, Line 12c: Explanation of Monitoring and Enforcement of Conflicts
IRS990ScheduleO/GeneralExplanation/ReturnReference2Form 990, Part VI, Line 11: Form 990 Review Process
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IRS990/School0false
IRS990/SignificantChange0false
IRS990/SignificantNewProgramServices0false
IRS990/StateLegalDomicile0MN
IRS990/SubjectToProxyTax0false
IRS990/TaxableDistributions0false
IRS990/TaxablePartyNotification0false
IRS990/TaxExemptBonds0false
IRS990/Terminated0false
IRS990/TermOrPermanentEndowments0false
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IRS990/TheBooksAreInCareOf/NamePerson0BARB WICKLANDER
IRS990/TheBooksAreInCareOf/TelephoneNumber07635520652
IRS990/TotalAssets/BOY0125940
IRS990/TotalAssetsBOY0125940
IRS990/TotalAssets/EOY0100772
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IRS990/TotalContributions0304934
IRS990/TotalExpensesCurrentYear0330991
IRS990/TotalExpensesPriorYear0325020
IRS990/TotalFunctionalExpenses/Fundraising027064
IRS990/TotalFunctionalExpenses/ManagementAndGeneral072814
IRS990/TotalFunctionalExpenses/ProgramServices0231113
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Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$4.97$0.03$4.94$6.66$5.74$0.91
2023Detailed filing. Detailed filing data is available for this year.$4.07$0.03$4.03$5.02$5.51$0.49
2022Detailed filing. Detailed filing data is available for this year.$4.57$0.06$4.52$8.75$7.14$1.60
2021Detailed filing. Detailed filing data is available for this year.$2.97$0.06$2.91$4.56$3.64$0.92
2020Detailed filing. Detailed filing data is available for this year.$2.04$0.04$1.99$3.54$3.53$0.01
2019Detailed filing. Detailed filing data is available for this year.$2.02$0.03$1.99$3.13$3.37$0.24
2018Detailed filing. Detailed filing data is available for this year.$2.26$0.03$2.23$3.87$3.26$0.61
2017Detailed filing. Detailed filing data is available for this year.$1.54$0.07$1.62$2.58$2.75$0.17
2016Detailed filing. Detailed filing data is available for this year.$1.71$0.07$1.79$3.12$3.07$0.06
2015Detailed filing. Detailed filing data is available for this year.$1.86$0.12$1.73$3.60$3.03$0.57
2014Detailed filing. Detailed filing data is available for this year.$1.31$0.14$1.16$2.50$2.64$0.14
2013Detailed filing. Detailed filing data is available for this year.$1.31$0.01$1.30$3.06$2.80$0.26
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.04$0.00$1.04$2.95
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.01$0.00$1.01$3.31