Civic Intelligence

Portland Reading Foundation

990 • Fiscal year 2014 • EIN 20-1760894

Jul 01, 2013 to Jun 30, 2014 • Filed on Feb 10, 2015

3115 NE Sandy Blvd97232

(503) 477-8176

Siviq Scores

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

Liabilities / Assets

70th percentile

0.04x

Higher debt load relative to assets than 70% of similar nonprofits.

2014 filings • 501(c)3 • <$500k nonprofits • Source year 2014

Liabilities / Revenue

74th percentile

0.04x

Higher debt load relative to revenue than 74% of similar nonprofits.

2014 filings • 501(c)3 • <$500k nonprofits • Source year 2014

Net Margin

12th percentile

-28%

Higher net margin than 12% of similar nonprofits.

2014 filings • 501(c)3 • <$500k nonprofits • Source year 2014

Top Officer Pay

96th percentile

$67,956

Higher top officer pay than 96% of similar nonprofits.

Top officer pay equals 17.2% of source-year revenue.

2014 filings • 501(c)3 • <$500k nonprofits • Source year 2014

Asset Growth

18th percentile

-24%

Faster asset growth than 18% of similar nonprofits.

2014 filings • 501(c)3 • <$500k nonprofits • Annualized from 2013 to 2014

Revenue Growth

32nd percentile

-10%

Faster revenue growth than 32% of similar nonprofits.

2014 filings • 501(c)3 • <$500k nonprofits • Annualized from 2013 to 2014

Assets

Down

$375,229

Down $116,577 (-24%) from 2013

Net Assets

Down

$359,359

Down $109,759 (-23%) from 2013

Liabilities

Down

$15,870

Down $6,818 (-30%) from 2013

Revenue

Down

$394,610

Down $44,073 (-10%) from 2013

Expenses

Up

$504,369

Up $147,163 (+41%) from 2013

Net Income

Down

-$109,759

Down $191,236 (-235%) from 2013

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

2014

Assets$375,229
Liabilities$15,870
Net Assets$359,359

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

2014

Revenue$394,610
Expenses$504,369
Net Income-$109,759
Jump To
Filing Snapshot
Filing Period
Jul 1, 2013 to Jun 30, 2014
Signed
Feb 10, 2015
Return Version
2013v4.0
Gross Receipts
$394,610
Mission and Program Overview

Mission

Reading results partners with schools to support students from systemically excluded communities in becoming successful readers. We believe that literacy is a basic human right, and we work to increase access and break down barriers through supporting students with an effective, individualized, culturally-responsive reading intervention program. Reading by third grade is crucial to a child's educational development. Falling behind creates challenges that negatively impact a child's education and self-esteem for years to come. Reading results is committed to helping struggling learners get on the path toward academic success and a brighter future.

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
Cash and Non-Interest-Bearing Accounts$25,353$154,460▲ $129,107
Pledges and Grants Receivable$247,900$113,000▼ $134,900
Savings and Temporary Cash Investments$214,638$75,622▼ $139,016
Accounts Receivable$2,800$27,491▲ $24,691
Prepaid Expenses and Deferred Charges$1,115$3,585▲ $2,470
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-
Investments in Publicly Traded Securities-$0-
Land, Buildings, and Equipment, Net-$0-
Intangible Assets-$0-
Inventories for Sale or Use-$0-
Total Assets$491,806$375,229▼ $116,577
Other Assets Total-$1,071-
Liabilities
Accounts Payable and Accrued Expenses$22,688$15,870▼ $6,818
Total Liabilities$22,688$15,870▼ $6,818
Net Assets / Fund Balance
Temporarily Rstr Net Assets$270,400$214,484▼ $55,916
Unrestricted Net Assets$198,718$144,875▼ $53,843
Total Net Assets Fund Balance$469,118$359,359▼ $109,759
Total Liabilities and Net Assets / Fund Balance$491,806$375,229▼ $116,577
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Jennifer SamuelsExecutive DirectorFT$67,956$67,956

Board Members and Trustees

NameTitle
Mark FulopCo-Chair
Shawn EngelbergCo-Chair
Alex GoldbergDirector
David MertensDirector
Geoffrey BrooksDirector
Jonah EdelmanDirector
Margie RosenthalDirector
Omar AliDirector
Sidney GoldDirector
Ashley VaughnSecretary
Rob SteinTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$279,640
Program Service Revenue
$114,800
Investment Income
$40
Other Revenue
$130
All Other Contributions
$279,640
Change in Net Assets
$-109,759
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$414,708
Other Expenses$89,661
Total Fundraising Expense$82,070
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$242,167$18,917$37,688$298,772
Current Officers, Directors, Trustees, and Key Employees$55,081$4,303$8,572$67,956
Payroll Taxes$31,423$2,437$4,894$38,754
Fees for Services Other$2,034$13,144$14,719$29,897
Occupancy$10,298$795$1,585$12,678
Office Expenses$6,966$4,203$1,391$12,560
Other Employee Benefits$4,454$2,307$2,465$9,226
All Other Expenses$6,037$364$909$7,310
Other Expenses$1,985$160$1,729$3,874
Insurance$633$1,163$99$1,895
Total Functional Expenses$374,492$47,807$82,070$504,369
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
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

EIN
20-1760894
Phone
5034778176

Signing Officer

Name
Rob Stein
Title
Treasurer
Signed
2015-02-10
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Shawn Engelberg
Formed
2005
Legal Domicile
Or
Voting Board Members
11
Independent Board Members
11
Employees
76

Preparer

Preparer
Richard Winkel
Phone
5033326750
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IRS990/OccupancyGrp/FundraisingAmt01585
IRS990/OccupancyGrp/ManagementAndGeneralAmt0795
IRS990/OccupancyGrp/ProgramServicesAmt010298
IRS990/OccupancyGrp/TotalAmt012678
IRS990/OfficeExpensesGrp/FundraisingAmt01391
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt04203
IRS990/OfficeExpensesGrp/ProgramServicesAmt06966
IRS990/OfficeExpensesGrp/TotalAmt012560
IRS990/OfficerMailingAddressInd0false
IRS990/OnBehalfOfIssuerInd0false
IRS990/OperateHospitalInd0false
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OrgFiledInLieuOfForm1041Ind0false
IRS990/OtherAssetsTotalGrp/EOYAmt01071
IRS990/OtherEmployeeBenefitsGrp/FundraisingAmt02465
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt02307
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt04454
IRS990/OtherEmployeeBenefitsGrp/TotalAmt09226
IRS990/OtherExpensesGrp/Desc0Event expenses
IRS990/OtherExpensesGrp/Desc1evaluation
IRS990/OtherExpensesGrp/Desc2Program supplies
IRS990/OtherExpensesGrp/Desc3Fundraising
IRS990/OtherExpensesGrp/FundraisingAmt07991
IRS990/OtherExpensesGrp/FundraisingAmt128
IRS990/OtherExpensesGrp/FundraisingAmt21729
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt014
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt1160
IRS990/OtherExpensesGrp/ProgramServicesAmt07634
IRS990/OtherExpensesGrp/ProgramServicesAmt15780
IRS990/OtherExpensesGrp/ProgramServicesAmt21985
IRS990/OtherExpensesGrp/TotalAmt07991
IRS990/OtherExpensesGrp/TotalAmt17634
IRS990/OtherExpensesGrp/TotalAmt25822
IRS990/OtherExpensesGrp/TotalAmt33874
IRS990/OtherRevenueMiscGrp/Desc0Misc income
IRS990/OtherRevenueMiscGrp/ExclusionAmt0130
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt0130
IRS990/OtherRevenueTotalAmt0130
IRS990/OtherSalariesAndWagesGrp/FundraisingAmt037688
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt018917
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt0242167
IRS990/OtherSalariesAndWagesGrp/TotalAmt0298772
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt00
IRS990/PartialLiquidationInd0false
IRS990/PaymentsToAffiliatesGrp/TotalAmt00
IRS990/PayPremiumsPrsnlBnftCntrctInd0false
IRS990/PayrollTaxesGrp/FundraisingAmt04894
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt02437
IRS990/PayrollTaxesGrp/ProgramServicesAmt031423
IRS990/PayrollTaxesGrp/TotalAmt038754
IRS990/PensionPlanContributionsGrp/TotalAmt00
IRS990/PledgesAndGrantsReceivableGrp/BOYAmt0247900
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt0113000
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt01115
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt03585
IRS990/PrincipalOfficerNm0Shawn Engelberg
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgramServiceRevenueGrp/Desc0Fee for service
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt0114800
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0114800
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt0331086
IRS990/PYExcessBenefitTransInd0false
IRS990/PYInvestmentIncomeAmt022
IRS990/PymtTravelEntrtnmntPubOfclGrp/TotalAmt00
IRS990/PYOtherExpensesAmt050479
IRS990/PYOtherRevenueAmt0175
IRS990/PYProgramServiceRevenueAmt0107400
IRS990/PYRevenuesLessExpensesAmt081477
IRS990/PYSalariesCompEmpBnftPaidAmt0306727
IRS990/PYTotalExpensesAmt0357206
IRS990/PYTotalRevenueAmt0438683
IRS990/QuidProQuoContributionsInd0false
IRS990/RcvblFromDisqualifiedPrsnGrp/EOYAmt00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReceivablesFromOfficersEtcGrp/EOYAmt00
IRS990/ReconcilationRevenueExpnssAmt0-109759
IRS990/RegularMonitoringEnfrcInd0false
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0false
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0false
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RoyaltiesGrp/TotalAmt00
IRS990/RoyaltiesRevenueGrp/TotalRevenueColumnAmt00
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0214638
IRS990/SavingsAndTempCashInvstGrp/EOYAmt075622
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/TotalAmt00
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearAmt0279640
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus1YearAmt0331086
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus2YearsAmt0355467
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus3YearsAmt0227676
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus4YearsAmt0156800
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt01350669
IRS990ScheduleA/GovtFurnSrvcFcltsVl509Grp/TotalAmt00
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearAmt040
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus1YearAmt022
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus2YearsAmt021
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus3YearsAmt071
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus4YearsAmt03047
IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt03201
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt0114800
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt0107400
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus2YearsAmt0119526
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus3YearsAmt059570
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus4YearsAmt024325
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt0425621
IRS990ScheduleA/GrossReceiptsNonUnrltBusGrp/TotalAmt00
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearAmt040
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus1YearAmt022
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus2YearsAmt021
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus3YearsAmt071
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus4YearsAmt03047
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt03201
IRS990ScheduleA/InvestmentIncomeCYPct00.00180
IRS990ScheduleA/InvestmentIncomePYPct00.00250
IRS990ScheduleA/NetIncomeFromOtherUBIGrp/TotalAmt00
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearAmt0130
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus1YearAmt0175
IRS990ScheduleA/OtherIncome509Grp/TotalAmt0305
IRS990ScheduleA/Post1975UBTIGrp/TotalAmt00
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct00.74310
IRS990ScheduleA/PublicSupportPY509Pct00.80430
IRS990ScheduleA/PublicSupportTotal509Amt01322620
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/CurrentTaxYearAmt0164770
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/CurrentTaxYearMinus1YearAmt0192700
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/CurrentTaxYearMinus2YearsAmt096200
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/TotalAmt0453670
IRS990ScheduleA/SubstantialContributorsAmtGrp/CurrentTaxYearAmt0164770
IRS990ScheduleA/SubstantialContributorsAmtGrp/CurrentTaxYearMinus1YearAmt0192700
IRS990ScheduleA/SubstantialContributorsAmtGrp/CurrentTaxYearMinus2YearsAmt096200
IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt0453670
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft509Grp/TotalAmt00
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt0394440
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt0438486
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt0474993
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt0287246
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt0181125
IRS990ScheduleA/Total509Grp/TotalAmt01776290
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt0394610

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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