Civic Intelligence

Reading Results

990 • Fiscal year 2017 • EIN 20-1760894

Jul 01, 2016 to Jun 30, 2017 • Filed on Apr 25, 2018

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

52nd percentile

0.04x

Higher debt load relative to assets than 52% of similar nonprofits.

2017 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2017

Liabilities / Revenue

52nd percentile

0.04x

Higher debt load relative to revenue than 52% of similar nonprofits.

2017 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2017

Net Margin

8th percentile

-36%

Higher net margin than 8% of similar nonprofits.

2017 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2017

Top Officer Pay

Score unavailable

No value available

This filing does not contain officer compensation rows.

Source year 2017

Asset Growth

6th percentile

-26%

Faster asset growth than 6% of similar nonprofits.

2017 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2016 to 2017

Revenue Growth

7th percentile

-38%

Faster revenue growth than 7% of similar nonprofits.

2017 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2016 to 2017

Assets

Down

$685,871

Down $245,262 (-26%) from 2016

Net Assets

Down

$656,155

Down $253,443 (-28%) from 2016

Liabilities

Up

$29,716

Up $8,181 (+38%) from 2016

Revenue

Down

$708,059

Down $430,276 (-38%) from 2016

Expenses

Up

$961,502

Up $221,098 (+30%) from 2016

Net Income

Down

-$253,443

Down $651,374 (-164%) from 2016

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

2017

Assets$685,871
Liabilities$29,716
Net Assets$656,155

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

2017

Revenue$708,059
Expenses$961,502
Net Income-$253,443
Jump To
Filing Snapshot
Filing Period
Jul 1, 2016 to Jun 30, 2017
Signed
Apr 25, 2018
Return Version
2016v3.0
Gross Receipts
$719,475
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$591,384$350,343▼ $241,041
Cash and Non-Interest-Bearing Accounts$247,244$240,549▼ $6,695
Savings and Temporary Cash Investments$75,888$75,863▼ $25
Prepaid Expenses and Deferred Charges$11,617$9,616▼ $2,001
Accounts Receivable$5,000$9,500▲ $4,500
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$931,133$685,871▼ $245,262
Other Assets Total-$0-
Liabilities
Accounts Payable and Accrued Expenses$21,535$29,716▲ $8,181
Total Liabilities$21,535$29,716▲ $8,181
Net Assets / Fund Balance
Temporarily Rstr Net Assets$780,698$472,500▼ $308,198
Unrestricted Net Assets$128,900$183,655▲ $54,755
Total Net Assets Fund Balance$909,598$656,155▼ $253,443
Total Liabilities and Net Assets / Fund Balance$931,133$685,871▼ $245,262
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Jennifer SamuelsExecutive DirectorFT$76,099$7,200$83,299

Board Members and Trustees

NameTitle
John WendlandBoard Chair
Mark FulopVice Chair
David MertensDirector
Kimberly MeltonDirector
Margie RosenthalDirector
Mark BerkovitchDirector
Sidney GoldDirector
Candace JohnsonSecretary
Rob SteinTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$434,000
Program Service Revenue
$285,400
Investment Income
$75
Other Revenue
$-11,416
All Other Contributions
$324,452
Change in Net Assets
$-253,443
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$833,006
Other Expenses$128,496
Total Fundraising Expense$123,179
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$570,308$21,601$60,156$652,065
Current Officers, Directors, Trustees, and Key Employees$61,162$4,409$10,528$76,099
Payroll Taxes$63,782$2,550$7,136$73,468
Fees for Services Other$13,275$20,705$15,637$49,617
Other Employee Benefits$16,325$3,931$11,118$31,374
Occupancy$14,138$892$2,130$17,160
Office Expenses$5,347$326$8,855$14,528
Conferences and Meetings$4,597$88$795$5,480
Other Expenses$3,446$44$357$3,847
All Other Expenses$3,277--$3,277
Insurance$711$1,379$122$2,212
Total Functional Expenses$781,951$56,372$123,179$961,502
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$11,416
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
An Evening with Reading Results$109,548-$10,616-
Total Events$109,548-$11,416$-11,416
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
2018-04-25
Discuss with paid preparer
Yes

Organization Details

Principal Officer
John Wendland
Formed
2005
Legal Domicile
Or
Voting Board Members
9
Independent Board Members
9
Employees
107
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/OnBehalfOfIssuerInd0false
IRS990/OperateHospitalInd0false
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OrgFiledInLieuOfForm1041Ind0false
IRS990/OtherAssetsTotalGrp/EOYAmt00
IRS990/OtherEmployeeBenefitsGrp/FundraisingAmt011118
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt03931
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt016325
IRS990/OtherEmployeeBenefitsGrp/TotalAmt031374
IRS990/OtherExpensesGrp/Desc0Program supplies
IRS990/OtherExpensesGrp/Desc1Fundraising
IRS990/OtherExpensesGrp/Desc2Telecommunications
IRS990/OtherExpensesGrp/Desc3Recognition awards
IRS990/OtherExpensesGrp/FundraisingAmt04876
IRS990/OtherExpensesGrp/FundraisingAmt11469
IRS990/OtherExpensesGrp/FundraisingAmt2357
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt0136
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt1311
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt244
IRS990/OtherExpensesGrp/ProgramServicesAmt018505
IRS990/OtherExpensesGrp/ProgramServicesAmt12533
IRS990/OtherExpensesGrp/ProgramServicesAmt24545
IRS990/OtherExpensesGrp/ProgramServicesAmt33446
IRS990/OtherExpensesGrp/TotalAmt018505
IRS990/OtherExpensesGrp/TotalAmt17545
IRS990/OtherExpensesGrp/TotalAmt26325
IRS990/OtherExpensesGrp/TotalAmt33847
IRS990/OtherRevenueTotalAmt00
IRS990/OtherSalariesAndWagesGrp/FundraisingAmt060156
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt021601
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt0570308
IRS990/OtherSalariesAndWagesGrp/TotalAmt0652065
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt00
IRS990/PartialLiquidationInd0false
IRS990/PaymentsToAffiliatesGrp/TotalAmt00
IRS990/PayPremiumsPrsnlBnftCntrctInd0false
IRS990/PayrollTaxesGrp/FundraisingAmt07136
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt02550
IRS990/PayrollTaxesGrp/ProgramServicesAmt063782
IRS990/PayrollTaxesGrp/TotalAmt073468
IRS990/PensionPlanContributionsGrp/TotalAmt00
IRS990/PledgesAndGrantsReceivableGrp/BOYAmt0591384
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt0350343
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt011617
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt09616
IRS990/PrincipalOfficerNm0John Wendland
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgramServiceRevenueGrp/Desc0Fee for service
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt0285400
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0285400
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt0935877
IRS990/PYExcessBenefitTransInd0false
IRS990/PYInvestmentIncomeAmt038
IRS990/PymtTravelEntrtnmntPubOfclGrp/TotalAmt00
IRS990/PYOtherExpensesAmt0100558
IRS990/PYOtherRevenueAmt0-9388
IRS990/PYProgramServiceRevenueAmt0211808
IRS990/PYRevenuesLessExpensesAmt0397931
IRS990/PYSalariesCompEmpBnftPaidAmt0639846
IRS990/PYTotalExpensesAmt0740404
IRS990/PYTotalRevenueAmt01138335
IRS990/QuidProQuoContributionsInd0false
IRS990/RcvblFromDisqualifiedPrsnGrp/EOYAmt00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReceivablesFromOfficersEtcGrp/EOYAmt00
IRS990/ReconcilationRevenueExpnssAmt0-253443
IRS990/RegularMonitoringEnfrcInd0false
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0false
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0false
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RoyaltiesGrp/TotalAmt00
IRS990/RoyaltiesRevenueGrp/TotalRevenueColumnAmt00
IRS990/SavingsAndTempCashInvstGrp/BOYAmt075888
IRS990/SavingsAndTempCashInvstGrp/EOYAmt075863
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/TotalAmt00
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearAmt0434000
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus1YearAmt0825827
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus2YearsAmt0654346
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus3YearsAmt0279640
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus4YearsAmt0331086
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt02524899
IRS990ScheduleA/GovtFurnSrvcFcltsVl509Grp/TotalAmt00
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearAmt075
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus1YearAmt038
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus2YearsAmt092
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus3YearsAmt040
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus4YearsAmt022
IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt0267
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt0285400
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt0211808
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus2YearsAmt0128780
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus3YearsAmt0114800
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus4YearsAmt0107400
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt0848188
IRS990ScheduleA/GrossReceiptsNonUnrltBusGrp/TotalAmt00
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearAmt075
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus1YearAmt038
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus2YearsAmt092
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus3YearsAmt040
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus4YearsAmt022
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt0267
IRS990ScheduleA/InvestmentIncomeCYPct00.00010
IRS990ScheduleA/InvestmentIncomePYPct00.00010
IRS990ScheduleA/NetIncomeFromOtherUBIGrp/TotalAmt00
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus2YearsAmt03
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus3YearsAmt0130
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus4YearsAmt0175
IRS990ScheduleA/OtherIncome509Grp/TotalAmt0308
IRS990ScheduleA/Post1975UBTIGrp/TotalAmt00
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct00.89390
IRS990ScheduleA/PublicSupportPY509Pct00.85490
IRS990ScheduleA/PublicSupportTotal509Amt03015617
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/CurrentTaxYearMinus3YearsAmt0164770
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/CurrentTaxYearMinus4YearsAmt0192700
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/TotalAmt0357470
IRS990ScheduleA/SubstantialContributorsAmtGrp/CurrentTaxYearMinus3YearsAmt0164770
IRS990ScheduleA/SubstantialContributorsAmtGrp/CurrentTaxYearMinus4YearsAmt0192700
IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt0357470
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft509Grp/TotalAmt00
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt0719400
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt01037635
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt0783126
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt0394440
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt0438486
IRS990ScheduleA/Total509Grp/TotalAmt03373087
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt0719475
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt01037673
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt0783221
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt0394610
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt0438683
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt03373662
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED

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