Civic Intelligence

Reading Results

990 • Fiscal year 2019 • EIN 20-1760894

Jul 01, 2018 to Jun 30, 2019 • Filed on Jun 26, 2020

3115 NE Sandy BlvdPortland, OR 97232

(503) 477-8176

Siviq Scores

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

Liabilities / Assets

49th percentile

0.03x

Higher debt load relative to assets than 49% of similar nonprofits.

2019 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2019

Liabilities / Revenue

46th percentile

0.02x

Higher debt load relative to revenue than 46% of similar nonprofits.

2019 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2019

Net Margin

41st percentile

0.5%

Higher net margin than 41% of similar nonprofits.

2019 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2019

Top Officer Pay

82nd percentile

$81,859

Higher top officer pay than 82% of similar nonprofits.

Top officer pay equals 9.4% of source-year revenue.

2019 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2019

Asset Growth

43rd percentile

0.7%

Faster asset growth than 43% of similar nonprofits.

2019 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2018 to 2019

Revenue Growth

59th percentile

9.0%

Faster revenue growth than 59% of similar nonprofits.

2019 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2018 to 2019

Assets

Up

$653,805

Up $4,834 (+0.7%) from 2018

Net Assets

Up

$635,875

Up $3,995 (+0.6%) from 2018

Liabilities

Up

$17,930

Up $839 (+4.9%) from 2018

Revenue

Up

$873,628

Up $72,476 (+9.0%) from 2018

Expenses

Up

$869,633

Up $44,206 (+5.4%) from 2018

Net Income

Up

$3,995

Up $28,270 (+116%) from 2018

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: $194,569Liabilities 2011: $02011Assets 2012: $410,764Liabilities 2012: $23,123Net Assets 2012: $387,6412012Assets 2013: $491,806Liabilities 2013: $22,688Net Assets 2013: $469,1182013Assets 2014: $375,229Liabilities 2014: $15,870Net Assets 2014: $359,3592014Assets 2015: $533,657Liabilities 2015: $21,990Net Assets 2015: $511,6672015Assets 2016: $931,133Liabilities 2016: $21,535Net Assets 2016: $909,5982016Assets 2017: $685,871Liabilities 2017: $29,716Net Assets 2017: $656,1552017Assets 2018: $648,971Liabilities 2018: $17,091Net Assets 2018: $631,8802018Assets 2019: $653,805Liabilities 2019: $17,930Net Assets 2019: $635,8752019Assets 2020: $599,057Liabilities 2020: $19,020Net Assets 2020: $580,0372020Assets 2021: $653,847Liabilities 2021: $129,253Net Assets 2021: $524,5942021Assets 2022: $799,402Liabilities 2022: $27,567Net Assets 2022: $771,8352022Assets 2023: $643,634Liabilities 2023: $27,737Net Assets 2023: $615,8972023Assets 2024: $1,005,766Liabilities 2024: $28,238Net Assets 2024: $977,5282024

Highlighted filing

2019

Assets$653,805
Liabilities$17,930
Net Assets$635,875

Operations Trend

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

$2.0M$1.5M$1.0M$500K$0-$500KRevenue 2011: $287,042Expenses 2011: $209,108Net Income 2011: $77,9342011Revenue 2012: $474,826Expenses 2012: $307,129Net Income 2012: $167,6972012Revenue 2013: $438,683Expenses 2013: $357,206Net Income 2013: $81,4772013Revenue 2014: $394,610Expenses 2014: $504,369Net Income 2014: -$109,7592014Revenue 2015: $783,221Expenses 2015: $630,913Net Income 2015: $152,3082015Revenue 2016: $1,138,335Expenses 2016: $740,404Net Income 2016: $397,9312016Revenue 2017: $708,059Expenses 2017: $961,502Net Income 2017: -$253,4432017Revenue 2018: $801,152Expenses 2018: $825,427Net Income 2018: -$24,2752018Revenue 2019: $873,628Expenses 2019: $869,633Net Income 2019: $3,9952019Revenue 2020: $702,452Expenses 2020: $758,290Net Income 2020: -$55,8382020Revenue 2021: $619,787Expenses 2021: $675,230Net Income 2021: -$55,4432021Revenue 2022: $1,062,359Expenses 2022: $815,118Net Income 2022: $247,2412022Revenue 2023: $861,345Expenses 2023: $1,017,283Net Income 2023: -$155,9382023Revenue 2024: $1,607,868Expenses 2024: $1,245,582Net Income 2024: $362,2862024

Highlighted filing

2019

Revenue$873,628
Expenses$869,633
Net Income$3,995
Jump To
Filing Snapshot
Filing Period
Jul 1, 2018 to Jun 30, 2019
Signed
Jun 26, 2020
Return Version
2018v3.1
Gross Receipts
$888,286
Mission and Program Overview

Mission

Reading Results (formerly Portland Reading Foundation) delivers a proven reading intervention program focused on primary grade, low-income children who are failing to learn to read, ensuring every child reads by the end of the third grade.

Balance Sheet Detail
LineBeginningEndChange
Assets
Pledges and Grants Receivable$352,194$328,634▼ $23,560
Cash and Non-Interest-Bearing Accounts$208,071$235,389▲ $27,318
Savings and Temporary Cash Investments$75,939$76,091▲ $152
Accounts Receivable$2,179$7,000▲ $4,821
Prepaid Expenses and Deferred Charges$10,588$5,643▼ $4,945
Investments in Publicly Traded Securities-$1,048-
Other Notes and Loans Receivable, Net-$0-
Receivable From Disqualified Prsn-$0-
Receivables From Officers Etc-$0-
Investments Other Securities-$0-
Investments Program Related-$0-
Land, Buildings, and Equipment, Net-$0-
Intangible Assets-$0-
Inventories for Sale or Use-$0-
Total Assets$648,971$653,805▲ $4,834
Other Assets Total-$0-
Liabilities
Accounts Payable and Accrued Expenses$17,091$17,930▲ $839
Total Liabilities$17,091$17,930▲ $839
Net Assets / Fund Balance
Temporarily Rstr Net Assets$420,700$447,250▲ $26,550
Unrestricted Net Assets$211,180$188,625▼ $22,555
Total Net Assets Fund Balance$631,880$635,875▲ $3,995
Total Liabilities and Net Assets / Fund Balance$648,971$653,805▲ $4,834
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Jennifer SamuelsExecutive DirectorFT$81,859$81,859

Board Members and Trustees

NameTitle
John WendlandBoard Chair
David MertensDirector
Kevin BaconDirector
Margie RosenthalDirector
Mark BerkovitchDirector
Mark FulopDirector
Payal RamakrishnanSecretary
Brian LeniusTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$680,254
Program Service Revenue
$207,873
Investment Income
$159
Other Revenue
$-14,658
All Other Contributions
$577,507
Change in Net Assets
$3,995
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$768,413
Total Fundraising Expense$111,910
Other Expenses$101,220
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$518,686$17,006$65,681$601,373
Current Officers, Directors, Trustees, and Key Employees$70,399$4,093$7,367$81,859
Payroll Taxes$57,668$2,018$7,064$66,750
Fees for Services Other$6,758$2,351$16,008$25,117
Occupancy$16,643$949$2,661$20,253
Other Employee Benefits$10,193$2,049$6,189$18,431
Fees for Services Accounting$2,337$13,946$415$16,698
Office Expenses$3,697$217$2,880$6,794
Travel$3,597$97$533$4,227
Other Expenses$3,682$220$837$3,682
Insurance$1,096$1,857$177$3,130
All Other Expenses$1,930$20$191$2,141
Total Functional Expenses$712,596$45,127$111,910$869,633
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$14,658
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
An Evening with Reading Results$96,747-$14,158-
Total Events$96,747-$14,658$-14,658
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Receivables from Disqualified Persons-$0-
Receivables from Officers, Directors, Trustees, and Key Employees-$0-
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
Yes
Annual disclosure for covered persons
No
Audit committee
Yes
Backup withholding compliance
Yes
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
No
Conflict-of-interest policy
No
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Line 11B: Form 990 Review Process

The Board of Directors reviewed the 990 before it was filed.

Form 990, Part VI, Line 15A: Compensation Review & Approval Process - CEO, Top Management

Executive Director compensation is approved by the Board of Directors.

Form 990, Part VI, Line 19: Other Organization Documents Publicly Available

Governing documents, policies, and financial information is available upon request.

Filing and Contact Details

Filer

Filer Name
Reading Results
EIN
20-1760894
Phone
5034778176
Address
3115 NE Sandy Blvd, Portland, OR 97232

Signing Officer

Name
Brian Lenius
Title
Treasurer
Signed
2020-06-26
Discuss with paid preparer
Yes

Organization Details

Principal Officer
John Wendland
Formed
2005
Legal Domicile
Or
Voting Board Members
8
Independent Board Members
8
Employees
78
Volunteers
25

Preparer

Firm
Richard Winkel CPA INC
Address
PO Box 91637, Portland, OR 97291
Preparer
Richard Winkel
Phone
5033326750
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IRS990/OtherEmployeeBenefitsGrp/FundraisingAmt06189
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt02049
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt010193
IRS990/OtherEmployeeBenefitsGrp/TotalAmt018431
IRS990/OtherExpensesGrp/Desc0Program supplies
IRS990/OtherExpensesGrp/Desc1Fundraising
IRS990/OtherExpensesGrp/Desc2Telecommunications
IRS990/OtherExpensesGrp/Desc3Evaluation
IRS990/OtherExpensesGrp/FundraisingAmt01907
IRS990/OtherExpensesGrp/FundraisingAmt1837
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt0304
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt1220
IRS990/OtherExpensesGrp/ProgramServicesAmt07626
IRS990/OtherExpensesGrp/ProgramServicesAmt14797
IRS990/OtherExpensesGrp/ProgramServicesAmt23487
IRS990/OtherExpensesGrp/ProgramServicesAmt33682
IRS990/OtherExpensesGrp/TotalAmt07626
IRS990/OtherExpensesGrp/TotalAmt17008
IRS990/OtherExpensesGrp/TotalAmt24544
IRS990/OtherExpensesGrp/TotalAmt33682
IRS990/OtherRevenueTotalAmt00
IRS990/OtherSalariesAndWagesGrp/FundraisingAmt065681
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt017006
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt0518686
IRS990/OtherSalariesAndWagesGrp/TotalAmt0601373
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt00
IRS990/PartialLiquidationInd0false
IRS990/PaymentsToAffiliatesGrp/TotalAmt00
IRS990/PayPremiumsPrsnlBnftCntrctInd0false
IRS990/PayrollTaxesGrp/FundraisingAmt07064
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt02018
IRS990/PayrollTaxesGrp/ProgramServicesAmt057668
IRS990/PayrollTaxesGrp/TotalAmt066750
IRS990/PensionPlanContributionsGrp/TotalAmt00
IRS990/PledgesAndGrantsReceivableGrp/BOYAmt0352194
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt0328634
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt010588
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt05643
IRS990/PrincipalOfficerNm0John Wendland
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgramServiceRevenueGrp/Desc0Fee for service
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt0207873
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0207873
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt0614825
IRS990/PYExcessBenefitTransInd0false
IRS990/PYInvestmentIncomeAmt076
IRS990/PymtTravelEntrtnmntPubOfclGrp/TotalAmt00
IRS990/PYOtherExpensesAmt0100424
IRS990/PYOtherRevenueAmt0-15233
IRS990/PYProgramServiceRevenueAmt0201484
IRS990/PYRevenuesLessExpensesAmt0-24275
IRS990/PYSalariesCompEmpBnftPaidAmt0725003
IRS990/PYTotalExpensesAmt0825427
IRS990/PYTotalRevenueAmt0801152
IRS990/QuidProQuoContributionsInd0false
IRS990/RcvblFromDisqualifiedPrsnGrp/EOYAmt00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReceivablesFromOfficersEtcGrp/EOYAmt00
IRS990/ReconcilationRevenueExpnssAmt03995
IRS990/RegularMonitoringEnfrcInd0false
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0false
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0false
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RevenueAmt0207873
IRS990/RoyaltiesGrp/TotalAmt00
IRS990/RoyaltiesRevenueGrp/TotalRevenueColumnAmt00
IRS990/SavingsAndTempCashInvstGrp/BOYAmt075939
IRS990/SavingsAndTempCashInvstGrp/EOYAmt076091
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/TotalAmt00
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearAmt0680254
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus1YearAmt0484999
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus2YearsAmt0434000
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus3YearsAmt0825827
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus4YearsAmt0654346
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt03079426
IRS990ScheduleA/GovtFurnSrvcFcltsVl509Grp/TotalAmt00
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearAmt0159
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus1YearAmt076
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus2YearsAmt075
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus3YearsAmt038
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus4YearsAmt092
IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt0440
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt0207873
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt0201484
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus2YearsAmt0285400
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus3YearsAmt0211808
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus4YearsAmt0128780
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt01035345
IRS990ScheduleA/GrossReceiptsNonUnrltBusGrp/TotalAmt00
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearAmt0159
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus1YearAmt076
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus2YearsAmt075
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus3YearsAmt038
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus4YearsAmt092
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt0440
IRS990ScheduleA/InvestmentIncomeCYPct00.00010
IRS990ScheduleA/InvestmentIncomePYPct00.00010
IRS990ScheduleA/NetIncomeFromOtherUBIGrp/TotalAmt00
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus4YearsAmt03
IRS990ScheduleA/OtherIncome509Grp/TotalAmt03
IRS990ScheduleA/Post1975UBTIGrp/TotalAmt00
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct00.99990
IRS990ScheduleA/PublicSupportPY509Pct00.95440
IRS990ScheduleA/PublicSupportTotal509Amt04114771
IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt00
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft509Grp/TotalAmt00
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt0888127
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt0686483
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt0719400
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt01037635
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt0783126
IRS990ScheduleA/Total509Grp/TotalAmt04114771
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt0888286
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt0686559
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt0719475
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt01037673
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt0783221
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt04115214
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/ScheduleBRequiredInd0true
IRS990ScheduleG/AgrmtProfFundraisingActyInd0false
IRS990ScheduleG/FundraisingEventInformationGrp/CharitableContributionsTotAmt096747
IRS990ScheduleG/FundraisingEventInformationGrp/CharitableContriEvent1Amt096747
IRS990ScheduleG/FundraisingEventInformationGrp/DirectExpenseSummaryEventsAmt014658
IRS990ScheduleG/FundraisingEventInformationGrp/Event1Nm0An Evening with Reading Results
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsEvent1Amt096747
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsTotalAmt096747
IRS990ScheduleG/FundraisingEventInformationGrp/NetIncomeSummaryAmt0-14658
IRS990ScheduleG/FundraisingEventInformationGrp/OthDirectExpnssTotalEventsAmt014158
IRS990ScheduleG/FundraisingEventInformationGrp/OtherDirectExpensesEvent1Amt014158

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.01$0.03$0.98$1.61$1.25$0.36
2023Detailed filing. Detailed filing data is available for this year.$0.64$0.03$0.62$0.86$1.02$0.16
2022Detailed filing. Detailed filing data is available for this year.$0.80$0.03$0.77$1.06$0.82$0.25
2021Detailed filing. Detailed filing data is available for this year.$0.65$0.13$0.52$0.62$0.68$0.06
2020Detailed filing. Detailed filing data is available for this year.$0.60$0.02$0.58$0.70$0.76$0.06
2019Detailed filing. Detailed filing data is available for this year.$0.65$0.02$0.64$0.87$0.87$0.00
2018Detailed filing. Detailed filing data is available for this year.$0.65$0.02$0.63$0.80$0.83$0.02
2017Detailed filing. Detailed filing data is available for this year.$0.69$0.03$0.66$0.71$0.96$0.25
2016Detailed filing. Detailed filing data is available for this year.$0.93$0.02$0.91$1.14$0.74$0.40
2015Detailed filing. Detailed filing data is available for this year.$0.53$0.02$0.51$0.78$0.63$0.15
2014Detailed filing. Detailed filing data is available for this year.$0.38$0.02$0.36$0.39$0.50$0.11
2013Summary only. Only limited summary data is available for this year.$0.49$0.02$0.47$0.44$0.36$0.08
2012Summary only. Only limited summary data is available for this year.$0.41$0.02$0.39$0.47$0.31$0.17
2011Summary only. Only limited summary data is available for this year.$0.19$0.00$0.29$0.21$0.08