Civic Intelligence

Reading Results

990 • Fiscal year 2018 • EIN 20-1760894

Jul 01, 2017 to Jun 30, 2018 • Filed on May 15, 2019

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

48th percentile

0.03x

Higher debt load relative to assets than 48% of similar nonprofits.

2018 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2018

Liabilities / Revenue

45th percentile

0.02x

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

2018 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2018

Net Margin

32nd percentile

-3.0%

Higher net margin than 32% of similar nonprofits.

2018 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2018

Top Officer Pay

Score unavailable

No value available

This filing does not contain officer compensation rows.

Source year 2018

Asset Growth

26th percentile

-5.4%

Faster asset growth than 26% of similar nonprofits.

2018 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2017 to 2018

Revenue Growth

65th percentile

13%

Faster revenue growth than 65% of similar nonprofits.

2018 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2017 to 2018

Assets

Down

$648,971

Down $36,900 (-5.4%) from 2017

Net Assets

Down

$631,880

Down $24,275 (-3.7%) from 2017

Liabilities

Down

$17,091

Down $12,625 (-42%) from 2017

Revenue

Up

$801,152

Up $93,093 (+13%) from 2017

Expenses

Down

$825,427

Down $136,075 (-14%) from 2017

Net Income

Up

-$24,275

Up $229,168 (+90%) from 2017

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

2018

Assets$648,971
Liabilities$17,091
Net Assets$631,880

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

2018

Revenue$801,152
Expenses$825,427
Net Income-$24,275
Jump To
Filing Snapshot
Filing Period
Jul 1, 2017 to Jun 30, 2018
Signed
May 15, 2019
Return Version
2017v2.2
Gross Receipts
$816,385
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$350,343$352,194▲ $1,851
Cash and Non-Interest-Bearing Accounts$240,549$208,071▼ $32,478
Savings and Temporary Cash Investments$75,863$75,939▲ $76
Prepaid Expenses and Deferred Charges$9,616$10,588▲ $972
Accounts Receivable$9,500$2,179▼ $7,321
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$685,871$648,971▼ $36,900
Other Assets Total-$0-
Liabilities
Accounts Payable and Accrued Expenses$29,716$17,091▼ $12,625
Total Liabilities$29,716$17,091▼ $12,625
Net Assets / Fund Balance
Temporarily Rstr Net Assets$472,500$420,700▼ $51,800
Unrestricted Net Assets$183,655$211,180▲ $27,525
Total Net Assets Fund Balance$656,155$631,880▼ $24,275
Total Liabilities and Net Assets / Fund Balance$685,871$648,971▼ $36,900
Compensation and Service Providers

Employees

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

Board Members and Trustees

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

Revenue Composition

Contributions and Grants
$614,825
Program Service Revenue
$201,484
Investment Income
$76
Other Revenue
$-15,233
All Other Contributions
$484,999
Change in Net Assets
$-24,275
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$725,003
Total Fundraising Expense$101,200
Other Expenses$100,424
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$478,076$20,521$54,812$553,409
Current Officers, Directors, Trustees, and Key Employees$70,716$3,035$8,107$81,858
Payroll Taxes$54,493$2,341$6,263$63,097
Fees for Services Other$7,679$20,154$15,742$43,575
Other Employee Benefits$16,130$3,300$7,209$26,639
Occupancy$15,452$1,084$2,820$19,356
Office Expenses$2,854$252$2,166$5,272
Travel$3,582$53$618$4,253
All Other Expenses$2,442$72$1,072$3,586
Other Expenses$3,458$199$1,188$3,458
Insurance$1,079$1,326$170$2,575
Total Functional Expenses$671,774$52,453$101,200$825,427
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$15,233
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
An Evening with Reading Results$129,826-$14,483-
Total Events$129,826-$15,233$-15,233
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
2019-05-15
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
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/Organization501c3Ind0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OrgFiledInLieuOfForm1041Ind0false
IRS990/OtherAssetsTotalGrp/EOYAmt00
IRS990/OtherEmployeeBenefitsGrp/FundraisingAmt07209
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt03300
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt016130
IRS990/OtherEmployeeBenefitsGrp/TotalAmt026639
IRS990/OtherExpensesGrp/Desc0Program supplies
IRS990/OtherExpensesGrp/Desc1Fundraising
IRS990/OtherExpensesGrp/Desc2Telecommunications
IRS990/OtherExpensesGrp/Desc3Evaluation
IRS990/OtherExpensesGrp/FundraisingAmt01033
IRS990/OtherExpensesGrp/FundraisingAmt11188
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt0116
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt1199
IRS990/OtherExpensesGrp/ProgramServicesAmt07456
IRS990/OtherExpensesGrp/ProgramServicesAmt15796
IRS990/OtherExpensesGrp/ProgramServicesAmt22561
IRS990/OtherExpensesGrp/ProgramServicesAmt33458
IRS990/OtherExpensesGrp/TotalAmt07456
IRS990/OtherExpensesGrp/TotalAmt16945
IRS990/OtherExpensesGrp/TotalAmt23948
IRS990/OtherExpensesGrp/TotalAmt33458
IRS990/OtherRevenueTotalAmt00
IRS990/OtherSalariesAndWagesGrp/FundraisingAmt054812
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt020521
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt0478076
IRS990/OtherSalariesAndWagesGrp/TotalAmt0553409
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt00
IRS990/PartialLiquidationInd0false
IRS990/PaymentsToAffiliatesGrp/TotalAmt00
IRS990/PayPremiumsPrsnlBnftCntrctInd0false
IRS990/PayrollTaxesGrp/FundraisingAmt06263
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt02341
IRS990/PayrollTaxesGrp/ProgramServicesAmt054493
IRS990/PayrollTaxesGrp/TotalAmt063097
IRS990/PensionPlanContributionsGrp/TotalAmt00
IRS990/PledgesAndGrantsReceivableGrp/BOYAmt0350343
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt0352194
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt09616
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt010588
IRS990/PrincipalOfficerNm0John Wendland
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgramServiceRevenueGrp/Desc0Fee for service
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt0201484
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0201484
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt0434000
IRS990/PYExcessBenefitTransInd0false
IRS990/PYInvestmentIncomeAmt075
IRS990/PymtTravelEntrtnmntPubOfclGrp/TotalAmt00
IRS990/PYOtherExpensesAmt0128496
IRS990/PYOtherRevenueAmt0-11416
IRS990/PYProgramServiceRevenueAmt0285400
IRS990/PYRevenuesLessExpensesAmt0-253443
IRS990/PYSalariesCompEmpBnftPaidAmt0833006
IRS990/PYTotalExpensesAmt0961502
IRS990/PYTotalRevenueAmt0708059
IRS990/QuidProQuoContributionsInd0false
IRS990/RcvblFromDisqualifiedPrsnGrp/EOYAmt00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReceivablesFromOfficersEtcGrp/EOYAmt00
IRS990/ReconcilationRevenueExpnssAmt0-24275
IRS990/RegularMonitoringEnfrcInd0false
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0false
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0false
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RoyaltiesGrp/TotalAmt00
IRS990/RoyaltiesRevenueGrp/TotalRevenueColumnAmt00
IRS990/SavingsAndTempCashInvstGrp/BOYAmt075863
IRS990/SavingsAndTempCashInvstGrp/EOYAmt075939
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/TotalAmt00
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearAmt0484999
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus1YearAmt0434000
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus2YearsAmt0825827
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus3YearsAmt0654346
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus4YearsAmt0279640
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt02678812
IRS990ScheduleA/GovtFurnSrvcFcltsVl509Grp/TotalAmt00
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearAmt076
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus1YearAmt075
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus2YearsAmt038
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus3YearsAmt092
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus4YearsAmt040
IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt0321
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt0201484
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt0285400
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus2YearsAmt0211808
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus3YearsAmt0128780
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus4YearsAmt0114800
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt0942272
IRS990ScheduleA/GrossReceiptsNonUnrltBusGrp/TotalAmt00
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearAmt076
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus1YearAmt075
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus2YearsAmt038
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus3YearsAmt092
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus4YearsAmt040
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt0321
IRS990ScheduleA/InvestmentIncomeCYPct00.00010
IRS990ScheduleA/InvestmentIncomePYPct00.00010
IRS990ScheduleA/NetIncomeFromOtherUBIGrp/TotalAmt00
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus3YearsAmt03
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus4YearsAmt0130
IRS990ScheduleA/OtherIncome509Grp/TotalAmt0133
IRS990ScheduleA/Post1975UBTIGrp/TotalAmt00
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct00.95440
IRS990ScheduleA/PublicSupportPY509Pct00.89390
IRS990ScheduleA/PublicSupportTotal509Amt03456314
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/CurrentTaxYearMinus4YearsAmt0164770
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/TotalAmt0164770
IRS990ScheduleA/SubstantialContributorsAmtGrp/CurrentTaxYearMinus4YearsAmt0164770
IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt0164770
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft509Grp/TotalAmt00
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt0686483
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt0719400
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt01037635
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt0783126
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt0394440
IRS990ScheduleA/Total509Grp/TotalAmt03621084
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt0686559
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt0719475
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt01037673
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt0783221
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt0394610
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt03621538
IRS990/ScheduleBRequiredInd0true
IRS990ScheduleG/AgrmtProfFundraisingActyInd0false
IRS990ScheduleG/FundraisingEventInformationGrp/CharitableContributionsTotAmt0129826
IRS990ScheduleG/FundraisingEventInformationGrp/CharitableContriEvent1Amt0129826
IRS990ScheduleG/FundraisingEventInformationGrp/DirectExpenseSummaryEventsAmt015233
IRS990ScheduleG/FundraisingEventInformationGrp/Event1Nm0An Evening with Reading Results
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsEvent1Amt0129826
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsTotalAmt0129826
IRS990ScheduleG/FundraisingEventInformationGrp/NetIncomeSummaryAmt0-15233
IRS990ScheduleG/FundraisingEventInformationGrp/OthDirectExpnssTotalEventsAmt014483
IRS990ScheduleG/FundraisingEventInformationGrp/OtherDirectExpensesEvent1Amt014483
IRS990ScheduleG/FundraisingEventInformationGrp/RentFacilityCostsEvent1Amt0750

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