Civic Intelligence

Reading Power Inc.

990 • Fiscal year 2025 • EIN 20-2916846

Jul 01, 2024 to Jun 30, 2025

Organization ProfileREADINGPOWERINC.ORG
900 North Shore Rd Ste 178Lake Bluff, IL 60044

(847) 436-8060

Siviq Scores

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

Liabilities / Assets

73rd percentile

0.27x

Higher debt load relative to assets than 73% of similar nonprofits.

2025 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2025

Liabilities / Revenue

66th percentile

0.19x

Higher debt load relative to revenue than 66% of similar nonprofits.

2025 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2025

Net Margin

19th percentile

-10%

Higher net margin than 19% of similar nonprofits.

2025 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2025

Top Officer Pay

86th percentile

$158,451

Higher top officer pay than 86% of similar nonprofits.

Top officer pay equals 9.5% of source-year revenue.

2025 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2025

Asset Growth

12th percentile

-11%

Faster asset growth than 12% of similar nonprofits.

2025 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2024 to 2025

Revenue Growth

18th percentile

-13%

Faster revenue growth than 18% of similar nonprofits.

2025 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2024 to 2025

Balance Sheet
Liabilities / Assets73rd percentile

Assets

Down

$1,213,854

Down $145,943 (-11%) from 2024

Net Assets

Down

$889,269

Down $157,465 (-15%) from 2024

Liabilities

Up

$324,585

Up $11,522 (+3.7%) from 2024

Revenue And Expenses
Liabilities / Revenue66th percentileNet Margin19th percentile

Revenue

Down

$1,676,149

Down $241,635 (-13%) from 2024

Expenses

Up

$1,848,741

Up $251,317 (+16%) from 2024

Net Income

Down

-$172,592

Down $492,952 (-154%) from 2024

Historical Trend

Balance Sheet Trend

Asset Growth12th percentile

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$1.5M$1.0M$500K$0Assets 2011: $340,739Liabilities 2011: $22,539Net Assets 2011: $318,2002011Assets 2012: $389,840Liabilities 2012: $22,754Net Assets 2012: $367,0862012Assets 2013: $415,303Liabilities 2013: $4,615Net Assets 2013: $410,6882013Assets 2014: $441,333Liabilities 2014: $19,725Net Assets 2014: $421,6082014Assets 2015: $336,616Liabilities 2015: $0Net Assets 2015: $336,6162015Assets 2016: $379,808Liabilities 2016: $0Net Assets 2016: $379,8082016Assets 2017: $434,100Liabilities 2017: $2,758Net Assets 2017: $431,3422017Assets 2018: $568,924Liabilities 2018: $430Net Assets 2018: $568,4942018Assets 2019: $809,758Liabilities 2019: $1,730Net Assets 2019: $808,0282019Assets 2020: $907,456Liabilities 2020: $94,201Net Assets 2020: $813,2552020Assets 2021: $927,019Liabilities 2021: $7,237Net Assets 2021: $919,7822021Assets 2022: $984,195Liabilities 2022: $53,572Net Assets 2022: $930,6232022Assets 2023: $1,182,434Liabilities 2023: $404,941Net Assets 2023: $777,4932023Assets 2024: $1,359,797Liabilities 2024: $313,063Net Assets 2024: $1,046,7342024Assets 2025: $1,213,854Liabilities 2025: $324,585Net Assets 2025: $889,2692025

Highlighted filing

2025

Assets$1,213,854
Liabilities$324,585
Net Assets$889,269
Open 2025 Filing

Operations Trend

Revenue Growth18th percentile

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$2.0M$1.0M$0-$1.0MRevenue 2011: $241,214Expenses 2011: $216,085Net Income 2011: $25,1292011Revenue 2012: $315,447Expenses 2012: $266,561Net Income 2012: $48,8862012Revenue 2013: $368,798Expenses 2013: $325,196Net Income 2013: $43,6022013Revenue 2014: $326,111Expenses 2014: $315,191Net Income 2014: $10,9202014Revenue 2015: $287,943Expenses 2015: $372,935Net Income 2015: -$84,9922015Revenue 2016: $410,708Expenses 2016: $367,516Net Income 2016: $43,1922016Revenue 2017: $457,054Expenses 2017: $405,520Net Income 2017: $51,5342017Revenue 2018: $631,100Expenses 2018: $493,948Net Income 2018: $137,1522018Revenue 2019: $840,216Expenses 2019: $600,682Net Income 2019: $239,5342019Revenue 2020: $652,171Expenses 2020: $646,944Net Income 2020: $5,2272020Revenue 2021: $863,663Expenses 2021: $757,136Net Income 2021: $106,5272021Revenue 2022: $1,035,570Expenses 2022: $1,024,729Net Income 2022: $10,8412022Revenue 2023: $1,242,929Expenses 2023: $1,396,059Net Income 2023: -$153,1302023Revenue 2024: $1,917,784Expenses 2024: $1,597,424Net Income 2024: $320,3602024Revenue 2025: $1,676,149Expenses 2025: $1,848,741Net Income 2025: -$172,5922025

Highlighted filing

2025

Revenue$1,676,149
Expenses$1,848,741
Net Income-$172,592
Open 2025 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2024 to Jun 30, 2025
Signed
Feb 20, 2026
Return Version
2024v5.0
Gross Receipts
$1,761,995
Mission and Program Overview

Mission

Reading power, inc is a not for profit literacy tutoring program serving low-achieving children attending elementary schools. Their mission is to accelerate children's literacy learning and to develop in them a love of reading and writing. This goal is accomplished through an independent tutoring program working in partnership with the schools. The belief is that all children deserve to reach their academic potential.

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$653,150$370,523▼ $282,627
Pledges and Grants Receivable$125,277$327,750▲ $202,473
Cash and Non-Interest-Bearing Accounts$285,104$276,086▼ $9,018
Intangible Assets$269,072$214,343▼ $54,729
Prepaid Expenses and Deferred Charges$12,685$12,392▼ $293
Land, Buildings, and Equipment, Net$9,170$7,421▼ $1,749
Total Assets$1,359,797$1,213,854▼ $145,943
Other Assets Total$5,339$5,339→ $0
Liabilities
Other Liabilities$288,358$227,153▼ $61,205
Deferred Revenue$2,500$84,820▲ $82,320
Accounts Payable and Accrued Expenses$22,205$12,612▼ $9,593
Total Liabilities$313,063$324,585▲ $11,522
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$1,046,734$889,269▼ $157,465
Total Net Assets Fund Balance$1,046,734$889,269▼ $157,465
Total Liabilities and Net Assets / Fund Balance$1,359,797$1,213,854▼ $145,943

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$7,421$22,432$29,853
Compensation and Service Providers
Top Officer Pay86th percentile

Employees

NameTitleFull / Part TimeBaseTotal
Lisa BulzoniCEOFT$158,451$158,451

Board Members and Trustees

NameTitle
Sara PotichaVice Chairma
Arthur TurnerDirector
Betsy MatthewsDirector
Bonnie ShlenskyDirector
Graham BaylyDirector
Joanie AlleyDirector
Jonathan McgeeDirector
Justin SchiffmanDirector
Kathleen CowieDirector
Keith WrightDirector
Maggie WehmerDirector
Mary Jane HenderDirector
Mary WeberDirector
Michael GoldDirector
Peter TingDirector
Pratik PatelDirector
Rachel BlandDirector
Todd LitzsingerDirector
Kathy McfarlandChariman
Ann BatesSecretary
Revenue and Support

Revenue Composition

Contributions and Grants
$1,394,736
Program Service Revenue
$0
Investment Income
$554
Other Revenue
$280,859
All Other Contributions
$1,394,736
Change in Net Assets
$-172,592

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,676,149
Revenue Not Reported on Form 990
$1,020,789
Total Revenue per Audited Statements
$2,696,938
Total Revenue per Form 990
$1,676,149
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$1,536,816
Other Expenses$311,925
Total Fundraising Expense$295,684
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$981,911$82,278$162,222$1,226,411
Current Officers, Directors, Trustees, and Key Employees$52,817$52,817$52,817$158,451
Payroll Taxes$85,328$10,441$16,345$112,114
Fees for Services Accounting$22,065$31,142$32,323$85,530
Depreciation Depletion$43,948$5,687$9,087$58,722
Office Expenses$34,547$7,943$3,287$45,777
Other Employee Benefits$18,848$8,204$12,788$39,840
Advertising$12,419$1,029$258$13,706
Insurance$6,902$2,325$1,428$10,655
Interest$5,705$738$1,180$7,623
All Other Expenses$3,510-$2,313$5,823
Other Expenses$7,914$5,818$1,636$5,818
Conferences and Meetings$1,650--$1,650
Travel$491--$491
Total Functional Expenses$1,343,611$209,446$295,684$1,848,741

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$2,854,403
Expenses per Audited Statements$1,848,741
Total Expenses per Form 990$1,848,741
Expenses Not Reported on Form 990$1,005,662
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$366,705
Fundraising Direct Expenses$85,846
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Play for Litera$338,170$338,170$74,640$263,530
Pfl Game Night$28,535$28,535$11,206$17,329
Total Events$366,705$366,705$85,846$280,859
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Leases Payable$227,153
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
No
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
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
Yes
Management duties delegated
No

Governance Explanations

Form 990, Page 6, Part VI, Line 7A

“A nominating committee suggests a slate of officers which is subsequently voted on by the board of directors.”

Form 990, Page 6, Part VI, Line 7B

“Motions are approved at board meetings.”

Form 990, Page 6, Part VI, Line 11B

“The form 990 is presented to the president and treasurer of the board for their review before filing. They discuss items of concern, if any, with the other members of the board.”

Form 990, Page 6, Part VI, Line 12C

“All board members must disclose any conflicts of interest on an annual basis.”

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

“Compensation discussed at board meetings and approved.”

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

“Employee compensation is discussed at board meetings and approved as part of annual budgeting process as well as part of any new hire proposal.”

Form 990, Page 6, Part VI, Line 19

“Govening documents, internal policies and financial statements are available upon request.”

Filing and Contact Details

Filer

Filer Name
Reading Power Inc
EIN
20-2916846
Phone
8474368060
Address
900 NORTH SHORE RD STE 178, LAKE BLUFF, IL 60044

Signing Officer

Name
Lisa Bulzoni
Title
CEO
Phone
8474368060
Signed
2026-02-20

Organization Details

Principal Officer
Lisa Bulzoni
Formed
2005
Legal Domicile
Il
Voting Board Members
20
Independent Board Members
20
Employees
41
Volunteers
823

Preparer

Firm
Lauterbach & Amen Llp
Address
668 N RIVER RD, NAPERVILLE, IL 60563
Preparer
Ronald J Amen CPA
Phone
6304166900
Supplemental Narrative

Additional Explanations

FORM 990 - ORGANIZATION'S MISSION

“Reading power, inc is a not for profit literacy tutoring program serving low-achieving children attending elementary schools. Their mission is to accelerate children's literacy learning and to develop in them a love of reading and writing. This goal is accomplished through an independent tutoring program working in partnership with the schools. The belief is that all children deserve to reach their academic potential.”

Form 990, Part XI, Line 9

“Direct events expense-pfl game night 11,206 direct events expense-pfl game night -11,206”

Financial Statement Notes

Schedule D, Page 4, Part XI, Line 2D

“Direct events expense-pfl game night 11,206”

Schedule D, Page 4, Part XII, Line 2D

“Direct events expense-pfl game night 11,206”

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Document Assets

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Filings

Displayed year

2025 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$1,213,854
Liabilities
$324,585
Net assets
$889,269
Revenue
$1,676,149
Expenses
$1,848,741
Net income
-$172,592
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$1.21$0.32$0.89$1.68$1.85$0.17
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.36$0.31$1.05$1.92$1.60$0.32
2023Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.18$0.40$0.78$1.24$1.40$0.15
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.98$0.05$0.93$1.04$1.02$0.01
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.93$0.01$0.92$0.86$0.76$0.11
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.91$0.09$0.81$0.65$0.65$0.01
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.81$0.00$0.81$0.84$0.60$0.24
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.57$0.00$0.57$0.63$0.49$0.14
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.43$0.00$0.43$0.46$0.41$0.05
2016Detailed filing. Detailed filing data is available for this year.$0.38$0.00$0.38$0.41$0.37$0.04
2015Detailed filing. Detailed filing data is available for this year.$0.34$0.00$0.34$0.29$0.37$0.08
2014Summary only. Only limited summary data is available for this year.$0.44$0.02$0.42$0.33$0.32$0.01
2013Summary only. Only limited summary data is available for this year.$0.42$0.00$0.41$0.37$0.33$0.04
2012Summary only. Only limited summary data is available for this year.$0.39$0.02$0.37$0.32$0.27$0.05
2011Summary only. Only limited summary data is available for this year.$0.34$0.02$0.32$0.24$0.22$0.03