Civic Intelligence

Reading Results

990 • Fiscal year 2015 • EIN 20-1760894

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

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

0.04x

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

2015 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2015

Liabilities / Revenue

45th percentile

0.03x

Higher debt load relative to revenue than 45% of similar nonprofits.

2015 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2015

Net Margin

78th percentile

19%

Higher net margin than 78% of similar nonprofits.

2015 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2015

Top Officer Pay

77th percentile

$69,748

Higher top officer pay than 77% of similar nonprofits.

Top officer pay equals 8.9% of source-year revenue.

2015 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2015

Asset Growth

87th percentile

42%

Faster asset growth than 87% of similar nonprofits.

2015 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2014 to 2015

Revenue Growth

93rd percentile

98%

Faster revenue growth than 93% of similar nonprofits.

2015 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2014 to 2015

Assets

Up

$533,657

Up $158,428 (+42%) from 2014

Net Assets

Up

$511,667

Up $152,308 (+42%) from 2014

Liabilities

Up

$21,990

Up $6,120 (+39%) from 2014

Revenue

Up

$783,221

Up $388,611 (+98%) from 2014

Expenses

Up

$630,913

Up $126,544 (+25%) from 2014

Net Income

Up

$152,308

Up $262,067 (+239%) from 2014

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

2015

Assets$533,657
Liabilities$21,990
Net Assets$511,667

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

2015

Revenue$783,221
Expenses$630,913
Net Income$152,308
Jump To
Filing Snapshot
Filing Period
Jul 1, 2014 to Jun 30, 2015
Signed
Apr 6, 2016
Return Version
2014v6.0
Gross Receipts
$783,221
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$113,000$367,600▲ $254,600
Savings and Temporary Cash Investments$75,622$75,861▲ $239
Cash and Non-Interest-Bearing Accounts$154,460$75,548▼ $78,912
Accounts Receivable$27,491$7,500▼ $19,991
Prepaid Expenses and Deferred Charges$3,585$7,148▲ $3,563
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$375,229$533,657▲ $158,428
Other Assets Total$1,071$0▼ $1,071
Liabilities
Accounts Payable and Accrued Expenses$15,870$21,990▲ $6,120
Total Liabilities$15,870$21,990▲ $6,120
Net Assets / Fund Balance
Temporarily Rstr Net Assets$214,484$348,000▲ $133,516
Unrestricted Net Assets$144,875$163,667▲ $18,792
Total Net Assets Fund Balance$359,359$511,667▲ $152,308
Total Liabilities and Net Assets / Fund Balance$375,229$533,657▲ $158,428
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Jennifer SamuelsExecutive DirectorFT$69,748$69,748

Board Members and Trustees

NameTitle
Mark FulopChairman
Shawn EngelbergCo-Chair
David MertensVice Chairman
John WendlandDirector
Kimberly MeltonDirector
Margie RosenthalDirector
Sidney GoldDirector
Terry ClenenDirector
Ashley VaughnSecretary
Rob SteinTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$654,346
Program Service Revenue
$128,780
Investment Income
$92
Other Revenue
$3
All Other Contributions
$654,346
Change in Net Assets
$152,308
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$516,256
Other Expenses$114,657
Total Fundraising Expense$105,025
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$312,060$17,774$51,339$381,173
Current Officers, Directors, Trustees, and Key Employees$57,102$3,252$9,394$69,748
Payroll Taxes$39,229$2,565$6,033$47,827
Office Expenses$29,593$185$1,493$31,271
Fees for Services Other$1,021$4,826$14,874$20,721
Other Employee Benefits$11,045$2,118$4,345$17,508
Fees for Services Accounting$3,069$10,743$1,535$15,347
Travel$4,020$169$1,301$5,490
Insurance$2,701$1,213$196$4,110
Other Expenses$3,846$18$51$3,915
All Other Expenses$691$31$1,218$1,940
Occupancy$1,277$66$192$1,535
Total Functional Expenses$482,017$43,871$105,025$630,913
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

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

Signing Officer

Name
Rob Stein
Title
Treasurer
Signed
2016-04-06
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Mark Fulop
Formed
2005
Legal Domicile
Or
Voting Board Members
10
Independent Board Members
10
Employees
76

Preparer

Firm
Richard Winkel CPA INC
Address
PO Box 91637, Portland, OR 97291
Preparer
Richard Winkel
Phone
5033326750
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IRS990/OfficeExpensesGrp/FundraisingAmt01493
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt0185
IRS990/OfficeExpensesGrp/ProgramServicesAmt029593
IRS990/OfficeExpensesGrp/TotalAmt031271
IRS990/OfficerMailingAddressInd0false
IRS990/OnBehalfOfIssuerInd0false
IRS990/OperateHospitalInd0false
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OrgFiledInLieuOfForm1041Ind0false
IRS990/OtherAssetsTotalGrp/BOYAmt01071
IRS990/OtherAssetsTotalGrp/EOYAmt00
IRS990/OtherEmployeeBenefitsGrp/FundraisingAmt04345
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt02118
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt011045
IRS990/OtherEmployeeBenefitsGrp/TotalAmt017508
IRS990/OtherExpensesGrp/Desc0Misc expenses
IRS990/OtherExpensesGrp/Desc1Event expenses
IRS990/OtherExpensesGrp/Desc2Telecommunications
IRS990/OtherExpensesGrp/Desc3Program supplies
IRS990/OtherExpensesGrp/FundraisingAmt02017
IRS990/OtherExpensesGrp/FundraisingAmt110543
IRS990/OtherExpensesGrp/FundraisingAmt2494
IRS990/OtherExpensesGrp/FundraisingAmt351
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt0689
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt1136
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt286
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt318
IRS990/OtherExpensesGrp/ProgramServicesAmt012308
IRS990/OtherExpensesGrp/ProgramServicesAmt1625
IRS990/OtherExpensesGrp/ProgramServicesAmt23430
IRS990/OtherExpensesGrp/ProgramServicesAmt33846
IRS990/OtherExpensesGrp/TotalAmt015014
IRS990/OtherExpensesGrp/TotalAmt111304
IRS990/OtherExpensesGrp/TotalAmt24010
IRS990/OtherExpensesGrp/TotalAmt33915
IRS990/OtherRevenueMiscGrp/Desc0Misc income
IRS990/OtherRevenueMiscGrp/ExclusionAmt03
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt03
IRS990/OtherRevenueTotalAmt03
IRS990/OtherSalariesAndWagesGrp/FundraisingAmt051339
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt017774
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt0312060
IRS990/OtherSalariesAndWagesGrp/TotalAmt0381173
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt00
IRS990/PartialLiquidationInd0false
IRS990/PaymentsToAffiliatesGrp/TotalAmt00
IRS990/PayPremiumsPrsnlBnftCntrctInd0false
IRS990/PayrollTaxesGrp/FundraisingAmt06033
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt02565
IRS990/PayrollTaxesGrp/ProgramServicesAmt039229
IRS990/PayrollTaxesGrp/TotalAmt047827
IRS990/PensionPlanContributionsGrp/TotalAmt00
IRS990/PledgesAndGrantsReceivableGrp/BOYAmt0113000
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt0367600
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt03585
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt07148
IRS990/PrincipalOfficerNm0Mark Fulop
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgramServiceRevenueGrp/Desc0Fee for service
IRS990/ProgramServiceRevenueGrp/ExclusionAmt0128780
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0128780
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt0279640
IRS990/PYExcessBenefitTransInd0false
IRS990/PYInvestmentIncomeAmt040
IRS990/PymtTravelEntrtnmntPubOfclGrp/TotalAmt00
IRS990/PYOtherExpensesAmt089661
IRS990/PYOtherRevenueAmt0130
IRS990/PYProgramServiceRevenueAmt0114800
IRS990/PYRevenuesLessExpensesAmt0-109759
IRS990/PYSalariesCompEmpBnftPaidAmt0414708
IRS990/PYTotalExpensesAmt0504369
IRS990/PYTotalRevenueAmt0394610
IRS990/QuidProQuoContributionsInd0false
IRS990/RcvblFromDisqualifiedPrsnGrp/EOYAmt00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReceivablesFromOfficersEtcGrp/EOYAmt00
IRS990/ReconcilationRevenueExpnssAmt0152308
IRS990/RegularMonitoringEnfrcInd0false
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0false
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0false
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RoyaltiesGrp/TotalAmt00
IRS990/RoyaltiesRevenueGrp/TotalRevenueColumnAmt00
IRS990/SavingsAndTempCashInvstGrp/BOYAmt075622
IRS990/SavingsAndTempCashInvstGrp/EOYAmt075861
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/TotalAmt00
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearAmt0654346
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus1YearAmt0279640
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus2YearsAmt0331086
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus3YearsAmt0355467
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus4YearsAmt0227676
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt01848215
IRS990ScheduleA/GovtFurnSrvcFcltsVl509Grp/TotalAmt00
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearAmt092
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus1YearAmt040
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus2YearsAmt022
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus3YearsAmt021
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus4YearsAmt071
IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt0246
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt0128780
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt0114800
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus2YearsAmt0107400
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus3YearsAmt0119526
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus4YearsAmt059570
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt0530076
IRS990ScheduleA/GrossReceiptsNonUnrltBusGrp/TotalAmt00
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearAmt092
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus1YearAmt040
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus2YearsAmt022
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus3YearsAmt021
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus4YearsAmt071
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt0246
IRS990ScheduleA/InvestmentIncomeCYPct00.00010
IRS990ScheduleA/InvestmentIncomePYPct00.00180
IRS990ScheduleA/NetIncomeFromOtherUBIGrp/TotalAmt00
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearAmt03
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus1YearAmt0130
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus2YearsAmt0175
IRS990ScheduleA/OtherIncome509Grp/TotalAmt0308
IRS990ScheduleA/Post1975UBTIGrp/TotalAmt00
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct00.80910
IRS990ScheduleA/PublicSupportPY509Pct00.74310
IRS990ScheduleA/PublicSupportTotal509Amt01924621
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/CurrentTaxYearMinus1YearAmt0164770
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/CurrentTaxYearMinus2YearsAmt0192700
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/CurrentTaxYearMinus3YearsAmt096200
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/TotalAmt0453670
IRS990ScheduleA/SubstantialContributorsAmtGrp/CurrentTaxYearMinus1YearAmt0164770
IRS990ScheduleA/SubstantialContributorsAmtGrp/CurrentTaxYearMinus2YearsAmt0192700
IRS990ScheduleA/SubstantialContributorsAmtGrp/CurrentTaxYearMinus3YearsAmt096200
IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt0453670
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft509Grp/TotalAmt00
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt0783126
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt0394440
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt0438486
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt0474993
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt0287246
IRS990ScheduleA/Total509Grp/TotalAmt02378291

Document Assets

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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