Civic Intelligence

Portland Reading Foundation

990 • Fiscal year 2016 • EIN 20-1760894

Jul 01, 2015 to Jun 30, 2016 • Filed on Apr 13, 2017

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

32nd percentile

0.02x

Higher debt load relative to assets than 32% of similar nonprofits.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2016

Liabilities / Revenue

25th percentile

0.02x

Higher debt load relative to revenue than 25% of similar nonprofits.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2016

Net Margin

88th percentile

35%

Higher net margin than 88% of similar nonprofits.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2016

Top Officer Pay

57th percentile

$76,099

Higher top officer pay than 57% of similar nonprofits.

Top officer pay equals 6.7% of source-year revenue.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2016

Asset Growth

94th percentile

74%

Faster asset growth than 94% of similar nonprofits.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2015 to 2016

Revenue Growth

88th percentile

45%

Faster revenue growth than 88% of similar nonprofits.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2015 to 2016

Assets

Up

$931,133

Up $397,476 (+74%) from 2015

Net Assets

Up

$909,598

Up $397,931 (+78%) from 2015

Liabilities

Down

$21,535

Down $455 (-2.1%) from 2015

Revenue

Up

$1,138,335

Up $355,114 (+45%) from 2015

Expenses

Up

$740,404

Up $109,491 (+17%) from 2015

Net Income

Up

$397,931

Up $245,623 (+161%) from 2015

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

2016

Assets$931,133
Liabilities$21,535
Net Assets$909,598

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

2016

Revenue$1,138,335
Expenses$740,404
Net Income$397,931
Jump To
Filing Snapshot
Filing Period
Jul 1, 2015 to Jun 30, 2016
Signed
Apr 13, 2017
Return Version
2015v3.0
Gross Receipts
$1,147,723
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$367,600$591,384▲ $223,784
Cash and Non-Interest-Bearing Accounts$75,548$247,244▲ $171,696
Savings and Temporary Cash Investments$75,861$75,888▲ $27
Prepaid Expenses and Deferred Charges$7,148$11,617▲ $4,469
Accounts Receivable$7,500$5,000▼ $2,500
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$533,657$931,133▲ $397,476
Other Assets Total-$0-
Liabilities
Accounts Payable and Accrued Expenses$21,990$21,535▼ $455
Total Liabilities$21,990$21,535▼ $455
Net Assets / Fund Balance
Temporarily Rstr Net Assets$348,000$780,698▲ $432,698
Unrestricted Net Assets$163,667$128,900▼ $34,767
Total Net Assets Fund Balance$511,667$909,598▲ $397,931
Total Liabilities and Net Assets / Fund Balance$533,657$931,133▲ $397,476
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Jennifer SamuelsExecutive DirectorFT$76,099$76,099

Board Members and Trustees

NameTitle
Mark FulopChairman
Terry ClenenVice Chair
David MertensDirector
John WendlandDirector
Kimberly MeltonDirector
Margie RosenthalDirector
Sidney GoldDirector
Rob SteinTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$935,877
Program Service Revenue
$211,808
Investment Income
$38
Other Revenue
$-9,388
All Other Contributions
$825,827
Change in Net Assets
$397,931
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$639,846
Total Fundraising Expense$103,053
Other Expenses$100,558
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$411,641$18,836$53,712$484,189
Current Officers, Directors, Trustees, and Key Employees$64,697$2,960$8,442$76,099
Payroll Taxes$48,395$2,207$6,141$56,743
Fees for Services Other$3,370$13,411$20,132$36,913
Other Employee Benefits$14,036$2,281$6,498$22,815
Occupancy$14,116$590$1,682$16,388
Office Expenses$5,915$368$2,201$8,484
Travel$4,081$91$989$5,161
Other Expenses$2,954$15$47$3,016
All Other Expenses$2,269--$2,269
Insurance$753$1,362$98$2,213
Total Functional Expenses$595,062$42,289$103,053$740,404
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$9,388
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
An Evening with Reading Results$110,050-$9,388-
Total Events$110,050-$9,388$-9,388
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
2017-04-13
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Mark Fulop
Formed
2005
Legal Domicile
Or
Voting Board Members
8
Independent Board Members
8
Employees
107

Preparer

Firm
Richard Winkel CPA INC
Address
PO Box 91637, Portland, OR 97291
Preparer
Richard Winkel
Phone
5033326750
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IRS990/OtherExpensesGrp/ManagementAndGeneralAmt140
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt215
IRS990/OtherExpensesGrp/ProgramServicesAmt017279
IRS990/OtherExpensesGrp/ProgramServicesAmt13610
IRS990/OtherExpensesGrp/ProgramServicesAmt21946
IRS990/OtherExpensesGrp/ProgramServicesAmt32954
IRS990/OtherExpensesGrp/TotalAmt017279
IRS990/OtherExpensesGrp/TotalAmt14633
IRS990/OtherExpensesGrp/TotalAmt24202
IRS990/OtherExpensesGrp/TotalAmt33016
IRS990/OtherRevenueMiscGrp/Desc0Misc income
IRS990/OtherRevenueTotalAmt00
IRS990/OtherSalariesAndWagesGrp/FundraisingAmt053712
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt018836
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt0411641
IRS990/OtherSalariesAndWagesGrp/TotalAmt0484189
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt00
IRS990/PartialLiquidationInd0false
IRS990/PaymentsToAffiliatesGrp/TotalAmt00
IRS990/PayPremiumsPrsnlBnftCntrctInd0false
IRS990/PayrollTaxesGrp/FundraisingAmt06141
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt02207
IRS990/PayrollTaxesGrp/ProgramServicesAmt048395
IRS990/PayrollTaxesGrp/TotalAmt056743
IRS990/PensionPlanContributionsGrp/TotalAmt00
IRS990/PledgesAndGrantsReceivableGrp/BOYAmt0367600
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt0591384
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt07148
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt011617
IRS990/PrincipalOfficerNm0Mark Fulop
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgramServiceRevenueGrp/Desc0Fee for service
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt0211808
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0211808
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt0654346
IRS990/PYExcessBenefitTransInd0false
IRS990/PYInvestmentIncomeAmt092
IRS990/PymtTravelEntrtnmntPubOfclGrp/TotalAmt00
IRS990/PYOtherExpensesAmt0114657
IRS990/PYOtherRevenueAmt03
IRS990/PYProgramServiceRevenueAmt0128780
IRS990/PYRevenuesLessExpensesAmt0152308
IRS990/PYSalariesCompEmpBnftPaidAmt0516256
IRS990/PYTotalExpensesAmt0630913
IRS990/PYTotalRevenueAmt0783221
IRS990/QuidProQuoContributionsInd0false
IRS990/RcvblFromDisqualifiedPrsnGrp/EOYAmt00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReceivablesFromOfficersEtcGrp/EOYAmt00
IRS990/ReconcilationRevenueExpnssAmt0397931
IRS990/RegularMonitoringEnfrcInd0false
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0false
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0false
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RevenueAmt0211808
IRS990/RoyaltiesGrp/TotalAmt00
IRS990/RoyaltiesRevenueGrp/TotalRevenueColumnAmt00
IRS990/SavingsAndTempCashInvstGrp/BOYAmt075861
IRS990/SavingsAndTempCashInvstGrp/EOYAmt075888
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/TotalAmt00
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearAmt0825827
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus1YearAmt0654346
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus2YearsAmt0279640
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus3YearsAmt0331086
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus4YearsAmt0355467
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt02446366
IRS990ScheduleA/GovtFurnSrvcFcltsVl509Grp/TotalAmt00
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearAmt038
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus1YearAmt092
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus2YearsAmt040
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus3YearsAmt022
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus4YearsAmt021
IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt0213
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt0211808
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt0128780
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus2YearsAmt0114800
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus3YearsAmt0107400
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus4YearsAmt0119526
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt0682314
IRS990ScheduleA/GrossReceiptsNonUnrltBusGrp/TotalAmt00
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearAmt038
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus1YearAmt092
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus2YearsAmt040
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus3YearsAmt022
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus4YearsAmt021
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt0213
IRS990ScheduleA/InvestmentIncomeCYPct00.00010
IRS990ScheduleA/InvestmentIncomePYPct00.00010
IRS990ScheduleA/NetIncomeFromOtherUBIGrp/TotalAmt00
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus1YearAmt03
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus2YearsAmt0130
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus3YearsAmt0175
IRS990ScheduleA/OtherIncome509Grp/TotalAmt0308
IRS990ScheduleA/Post1975UBTIGrp/TotalAmt00
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct00.85490
IRS990ScheduleA/PublicSupportPY509Pct00.80910
IRS990ScheduleA/PublicSupportTotal509Amt02675010
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/CurrentTaxYearMinus2YearsAmt0164770
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/CurrentTaxYearMinus3YearsAmt0192700
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/CurrentTaxYearMinus4YearsAmt096200
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/TotalAmt0453670
IRS990ScheduleA/SubstantialContributorsAmtGrp/CurrentTaxYearMinus2YearsAmt0164770
IRS990ScheduleA/SubstantialContributorsAmtGrp/CurrentTaxYearMinus3YearsAmt0192700
IRS990ScheduleA/SubstantialContributorsAmtGrp/CurrentTaxYearMinus4YearsAmt096200
IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt0453670
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft509Grp/TotalAmt00
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt01037635
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt0783126
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt0394440
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt0438486
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt0474993
IRS990ScheduleA/Total509Grp/TotalAmt03128680
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt01037673
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt0783221
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt0394610
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt0438683
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt0475014
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt03129201
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/CharitableContributionsTotAmt0110050
IRS990ScheduleG/FundraisingEventInformationGrp/CharitableContriEvent1Amt0110050
IRS990ScheduleG/FundraisingEventInformationGrp/DirectExpenseSummaryEventsAmt09388
IRS990ScheduleG/FundraisingEventInformationGrp/Event1Nm0An Evening with Reading Results
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsEvent1Amt0110050
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsTotalAmt0110050

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