Civic Intelligence

Reading Results

990 • Fiscal year 2022 • EIN 20-1760894

Jul 01, 2021 to Jun 30, 2022 • Filed on May 15, 2023

3115 NE Sandy Blvd Ste 229Portland, OR 97232

(503) 477-8176

Siviq Scores

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

Liabilities / Assets

42nd percentile

0.03x

Higher debt load relative to assets than 42% of similar nonprofits.

2022 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2022

Liabilities / Revenue

33rd percentile

0.03x

Higher debt load relative to revenue than 33% of similar nonprofits.

2022 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2022

Net Margin

74th percentile

23%

Higher net margin than 74% of similar nonprofits.

2022 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2022

Top Officer Pay

68th percentile

$98,264

Higher top officer pay than 68% of similar nonprofits.

Top officer pay equals 9.2% of source-year revenue.

2022 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2022

Asset Growth

78th percentile

22%

Faster asset growth than 78% of similar nonprofits.

2022 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2021 to 2022

Revenue Growth

87th percentile

71%

Faster revenue growth than 87% of similar nonprofits.

2022 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2021 to 2022

Assets

Up

$799,402

Up $145,555 (+22%) from 2021

Net Assets

Up

$771,835

Up $247,241 (+47%) from 2021

Liabilities

Down

$27,567

Down $101,686 (-79%) from 2021

Revenue

Up

$1,062,359

Up $442,572 (+71%) from 2021

Expenses

Up

$815,118

Up $139,888 (+21%) from 2021

Net Income

Up

$247,241

Up $302,684 (+546%) from 2021

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

2022

Assets$799,402
Liabilities$27,567
Net Assets$771,835

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

2022

Revenue$1,062,359
Expenses$815,118
Net Income$247,241
Jump To
Filing Snapshot
Filing Period
Jul 1, 2021 to Jun 30, 2022
Signed
May 15, 2023
Return Version
2021v4.0
Gross Receipts
$1,094,084
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
Cash and Non-Interest-Bearing Accounts$479,648$544,352▲ $64,704
Pledges and Grants Receivable$165,000$239,000▲ $74,000
Prepaid Expenses and Deferred Charges$7,699$10,998▲ $3,299
Accounts Receivable$1,500$5,052▲ $3,552
Total Assets$653,847$799,402▲ $145,555
Liabilities
Unsecured Notes Loans Payable$104,832--
Accounts Payable and Accrued Expenses$24,421$27,567▲ $3,146
Total Liabilities$129,253$27,567▼ $101,686
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$186,094$386,835▲ $200,741
Net Assets With Donor Restrictions$338,500$385,000▲ $46,500
Total Net Assets Fund Balance$524,594$771,835▲ $247,241
Total Liabilities and Net Assets / Fund Balance$653,847$799,402▲ $145,555
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Jennifer SamuelsExecutive DiFT$91,835$6,429$98,264

Board Members and Trustees

NameTitle
Priscilla CastellanozCo President
John WendlandPresident
Emily MartinDirector
Kevin BaconDirector
Margie RosenthalDirector
Mark BerkovitchDirector
Ryan RameyDirector
Yessenia CarlosDirector
Alec TorkelsonSecretary
Stephanie LumTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$968,584
Program Service Revenue
$125,500
Investment Income
$0
Other Revenue
$-31,725
All Other Contributions
$741,218
Change in Net Assets
$247,241
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$714,193
Total Fundraising Expense$117,855
Other Expenses$100,925
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$447,517$18,841$67,306$533,664
Current Officers, Directors, Trustees, and Key Employees$77,010$3,242$11,582$91,834
Payroll Taxes$47,755$2,023$7,242$57,020
Other Employee Benefits$19,826$2,941$8,908$31,675
Fees for Services Other$12,990$333$15,251$28,574
Occupancy$15,935$1,067$3,233$20,235
Fees for Services Accounting-$15,084-$15,084
Office Expenses$2,079$173$1,229$3,481
Insurance$869$1,748$191$2,808
All Other Expenses$2,202$124$402$2,728
Other Expenses$2,436$123$158$2,717
Travel$1,874$37$33$1,944
Total Functional Expenses$650,981$46,282$117,855$815,118
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$31,725
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
An Evening With$118,534-$31,725-
Total Events$118,534-$31,725$-31,725
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
Yes
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
No
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, Page 6, Part VI, Line 11B

The treasurer and executive director reviewed the 990 before it was filed.

Form 990, Page 6, Part VI, Line 15A

Executive director compensation is approved by the board of directors.

Form 990, Page 6, Part VI, Line 19

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 STE 229, PORTLAND, OR 97232

Signing Officer

Name
Stephanie Lum
Title
Treasurer
Phone
5034778176
Signed
2023-05-15
Discuss with paid preparer
Yes

Organization Details

Principal Officer
John Wendland
Formed
2005
Legal Domicile
Or
Voting Board Members
10
Independent Board Members
10
Employees
73
Volunteers
20

Preparer

Firm
Dougall Conradie LLC
Address
9400 SW BARNES RD 309, PORTLAND, OR 97225-6658
Preparer
Rich Winkel
Phone
9712499920
Supplemental Narrative

Additional Explanations

FORM 990 - ORGANIZATION'S 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.

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IRS990/PYContributionsGrantsAmt0615185
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IRS990/ReportLandBuildingEquipmentInd0false
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IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus4YearsAmt0484999
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt03326098
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IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus4YearsAmt076
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IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0READING 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.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE TREASURER AND EXECUTIVE DIRECTOR REVIEWED THE 990 BEFORE IT WAS FILED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2EXECUTIVE DIRECTOR COMPENSATION IS APPROVED BY THE BOARD OF DIRECTORS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3GOVERNING DOCUMENTS, POLICIES, AND FINANCIAL INFORMATION IS AVAILABLE UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990 - ORGANIZATION'S MISSION
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 15A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 19
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IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0125500
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt01062359
IRS990/TotalVolunteersCnt020
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IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0799402
IRS990/TravelGrp/FundraisingAmt033
IRS990/TravelGrp/ManagementAndGeneralAmt037
IRS990/TravelGrp/ProgramServicesAmt01874
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IRS990/TypeOfOrganizationCorpInd0X
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IRS990/UnsecuredNotesLoansPayableGrp/BOYAmt0104832
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IRS990/USAddress/AddressLine1Txt03115 NE SANDY BLVD SUITE 229
IRS990/USAddress/CityNm0PORTLAND
IRS990/USAddress/StateAbbreviationCd0OR
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IRS990/VotingMembersIndependentCnt010
IRS990/WebsiteAddressTxt0WWW.READINGRESULTSPDX.ORG
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ReturnHeader/BuildTS02023-04-26 12:10:37Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

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