Civic Intelligence

Read and Feed

EIN 20-3246207 • 501(c)3 • Cary, NC

Profile

Our mission is to strengthen literacy skills among underserved elementary school children, and provide meals in a nurturing neighborhood environment.

171-10 High House RoadCary, NC 27511

readandfeed.org

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

61st percentile

0.05x

Higher debt load relative to assets than 61% of similar nonprofits.

501(c)3 • $500k-$1M nonprofits • Source year 2023

Liabilities / Revenue

67th percentile

0.09x

Higher debt load relative to revenue than 67% of similar nonprofits.

501(c)3 • $500k-$1M nonprofits • Source year 2023

Net Margin

78th percentile

25%

Higher net margin than 78% of similar nonprofits.

501(c)3 • $500k-$1M nonprofits • Source year 2023

Top Officer Pay

Score unavailable

No value available

No filing with officer rows is available for this organization yet.

Asset Growth

13th percentile

-20%

Faster asset growth than 13% of similar nonprofits.

501(c)3 • $500k-$1M nonprofits • Annualized from 2022 to 2023

Revenue Growth

8th percentile

-42%

Faster revenue growth than 8% of similar nonprofits.

501(c)3 • $500k-$1M nonprofits • Annualized from 2022 to 2023

Assets

Down

$989,360

Down $240,670 (-20%) from 2022

Liabilities

Up

$53,395

Up $39,943 (+297%) from 2022

Net Assets

Down

$935,965

Down $280,613 (-23%) from 2022

Revenue

Down

$628,125

Down $455,552 (-42%) from 2022

Expenses

Down

$468,739

Down $7,711 (-1.6%) from 2022

Net Income

Down

$159,386

Down $447,841 (-74%) from 2022

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$1.5M$1.0M$500K$0Assets 2011: $79,778Liabilities 2011: $1,045Net Assets 2011: $78,7332011Assets 2012: $130,471Liabilities 2012: $5,422Net Assets 2012: $125,0492012Assets 2013: $225,054Liabilities 2013: $0Net Assets 2013: $225,0542013Assets 2014: $239,918Liabilities 2014: $0Net Assets 2014: $239,9182014Assets 2015: $271,826Liabilities 2015: $0Net Assets 2015: $271,8262015Assets 2016: $470,892Liabilities 2016: $0Net Assets 2016: $470,8922016Assets 2017: $733,312Liabilities 2017: $7,942Net Assets 2017: $725,3702017Assets 2018: $667,946Liabilities 2018: $15,145Net Assets 2018: $652,8012018Assets 2019: $527,904Liabilities 2019: $11,047Net Assets 2019: $516,8572019Assets 2020: $548,391Liabilities 2020: $16,766Net Assets 2020: $531,6252020Assets 2021: $635,430Liabilities 2021: $26,079Net Assets 2021: $609,3512021Assets 2022: $1,230,030Liabilities 2022: $13,452Net Assets 2022: $1,216,5782022Assets 2023: $989,360Liabilities 2023: $53,395Net Assets 2023: $935,9652023

Highlighted filing

2023

Assets$989,360
Liabilities$53,395
Net Assets$935,965

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$1.5M$1.0M$500K$0-$500KRevenue 2011: $106,137Expenses 2011: $134,194Net Income 2011: -$28,0572011Revenue 2012: $227,510Expenses 2012: $181,194Net Income 2012: $46,3162012Revenue 2013: $346,189Expenses 2013: $246,184Net Income 2013: $100,0052013Revenue 2014: $270,182Expenses 2014: $260,453Net Income 2014: $9,7292014Revenue 2015: $291,792Expenses 2015: $259,508Net Income 2015: $32,2842015Revenue 2016: $515,947Expenses 2016: $316,881Net Income 2016: $199,0662016Revenue 2017: $441,553Expenses 2017: $356,776Net Income 2017: $84,7772017Revenue 2018: $373,677Expenses 2018: $422,939Net Income 2018: -$49,2622018Revenue 2019: $177,566Expenses 2019: $240,203Net Income 2019: -$62,6372019Revenue 2020: $508,945Expenses 2020: $470,870Net Income 2020: $38,0752020Revenue 2021: $580,645Expenses 2021: $502,919Net Income 2021: $77,7262021Revenue 2022: $1,083,677Expenses 2022: $476,450Net Income 2022: $607,2272022Revenue 2023: $628,125Expenses 2023: $468,739Net Income 2023: $159,3862023

Highlighted filing

2023

Revenue$628,125
Expenses$468,739
Net Income$159,386

Filings

Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jul 1, 2022 to Jun 30, 2023
Signed
Oct 31, 2024
Return Version
2022v5.0
Gross Receipts
$628,125
Mission and Program Overview

Mission

Read and Feed is a non-profit whose mission is to give low-income children an appetite for reading. We partner with elementary schools, churches, community centers and other non-profit organizations to identify at-risk children in grades K-5 who have fallen behind in reading proficiency. We take our mobile classrooms into the community four nights a week for 33 weeks to feed and tutor these children.

Our mission is to strengthen literacy skills among underserved elementary school children, and provide meals in a nurturing neighborhood environment.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$285,048$407,649▲ $122,601
Savings and Temporary Cash Investments$335,180$383,634▲ $48,454
Pledges and Grants Receivable$520,420$72,691▼ $447,729
Inventories for Sale or Use$60,000$60,000→ $0
Land, Buildings, and Equipment, Net$21,682$9,675▼ $12,007
Prepaid Expenses and Deferred Charges$6,098$6,578▲ $480
Accounts Receivable$1,602$1,531▼ $71
Total Assets$1,230,030$989,360▼ $240,670
Other Assets Total-$47,602-
Liabilities
Other Liabilities-$49,030-
Accounts Payable and Accrued Expenses$13,452$4,365▼ $9,087
Total Liabilities$13,452$53,395▲ $39,943
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$1,216,578$896,499▼ $320,079
Net Assets With Donor Restrictions-$39,466-
Total Net Assets Fund Balance$1,216,578$935,965▼ $280,613
Total Liabilities and Net Assets / Fund Balance$1,230,030$989,360▼ $240,670

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$9,675$140,625$150,300
Other Land Buildings-$11,815$11,815
Compensation and Service Providers

Board Members and Trustees

NameTitle
Kathryn RaymondPresident
Antwine JacksonDirector
Austin YarberDirector
Ben SwaneyDirector
Carmita BassDirector
Jan FrantzDirector
Juan Carlos VillalobosDirector
Leigh DayDirector
Mary Jane RoyalsDirector
Nia DoaksDirector
Niya Finville SwintDirector
Christopher Meredith1st Vice Pre
Matt Merletti2nd Vice Pre
Ron OttavioSecretary
Wilson ZhangTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$618,803
Program Service Revenue
$0
Investment Income
$9,317
Other Revenue
$5
All Other Contributions
$618,803
Change in Net Assets
$159,386

Noncash Contribution Practices

Property subject to holding requirements
No
Reviewed unusual noncash gifts
No
Third parties used for noncash contributions
No

Noncash Contributions

Contribution TypeContribution CountReported AmountValuation Method
Books and Publications-$26,712Fair Value
Food Inventory1$3,810Fair Value
Total Noncash Contributions1$30,522-
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$264,061
Other Expenses$204,678
Total Fundraising Expense$21,547
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Current Officers, Directors, Trustees, and Key Employees$106,933$10,064$8,806$125,803
Other Salaries and Wages$90,434$9,249$3,083$102,766
Payroll Taxes$16,356$1,673$558$18,587
Other Employee Benefits$14,877$1,521$507$16,905
Information Technology$5,012$5,224$4,188$14,424
Fees for Services Accounting-$13,159-$13,159
Depreciation Depletion$12,007--$12,007
Insurance$4,055$6,150-$10,205
Office Expenses$2,187$6,173$748$9,108
Occupancy$56$8,232$10$8,298
Other Expenses$3,695$2,605$286$6,300
Travel$3,021$301-$3,322
Conferences and Meetings$228$2,709-$2,937
All Other Expenses-$1,369$1,111$2,480
Advertising-$128$2,250$2,378
Interest-$1,895-$1,895
Fees for Services Other-$340-$340
Total Functional Expenses$352,093$95,099$21,547$468,739
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Lease Liability$49,030
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
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
Yes
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, in conjunction with the finance committee, will provide review and oversight responsibilities of the irs form 990 prepared by the organizations external tax preparer. The finance committee is responsible for verifying the form 990 for accuracy and completeness before submission of the filing. Upon approval of the irs form 990 by the finance committee, the executive director will sign the form 990. A copy of the form 990 will be distributed to the board prior to filing. The original signed copy of the form 990 will be filed with the irs once approved and distribution to the board has occurred.

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

The conflict of interest policy is monitored by the board secretary and reviewed and signed at the beginning of each fiscal year by all staff and board members with significant decisionmaking authority. It is each signators obligation to disclose any potential conflict as soon as it is known, or reasonably should be known.

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

The executive directors salary level was independently reviewed by the board of directors to ensure it does not exceed comparable levels of compensation for nonprofit directors in this region of the country. Salary data for executives of organizations of a similar size and mission were examined in developing a compensation package that was recommended and approved by the board of directors, and documented in the meeting minutes.

Form 990, Page 6, Part VI, Line 19

The three most recent form 990s (including financial information), the bylaws, articles of incorporation, form 1023 application for exemption, and conflict of interest policy are provided to the public upon request.

Filing and Contact Details

Filer

Filer Name
Read and Feed
EIN
20-3246207
Address
171-10 HIGH HOUSE ROAD, CARY, NC 27511

Signing Officer

Name
Sherry Overton Shudra
Title
Executive Director
Signed
2024-10-31
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Sherry Overton Shudra
Formed
2005
Legal Domicile
Nc
Voting Board Members
15
Independent Board Members
15
Employees
7
Volunteers
393

Preparer

Firm
Sharpe Patel CPA
Address
325 ARLINGTON AVE STE 630, CHARLOTTE, NC 28203
Preparer
Megan a Ridgley CPA
Phone
7044993893
Supplemental Narrative

Additional Explanations

Form 990, Page 2, Part III, Line 4A

With three mobile classrooms and dozens of partnerships with wcpss, other nonprofit and community organizations, read and feed provided high impact tutoring for 355 children during the academic year and 1,188 students with large scale book distributions across summer sites to help reduce summer learning loss. The organization provided nutritious meals and healthy snacks, reading tutoring and age appropriate books at no charge to all of the children attending the program. There were 23,391 books distributed through our program, helping to build home libraries for many children. Our volunteers devoted 6,095 hours tutoring students at 24 program sites. Read and feed also had 516 tutoring sessions conducted for 4,918 hours instruction, 358 school supply bags issued, 8,875 meals distributed, and 8,340 healthy snacks consumed by students attending tutoring sessions.

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IRS990/GrantsToOrganizationsInd0false
IRS990/GrantToRelatedPersonInd0false
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IRS990/InfoInScheduleOPartIIIInd0X
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InformationTechnologyGrp/FundraisingAmt04188
IRS990/InformationTechnologyGrp/ManagementAndGeneralAmt05224
IRS990/InformationTechnologyGrp/ProgramServicesAmt05012
IRS990/InformationTechnologyGrp/TotalAmt014424
IRS990/InsuranceGrp/ManagementAndGeneralAmt06150
IRS990/InsuranceGrp/ProgramServicesAmt04055
IRS990/InsuranceGrp/TotalAmt010205
IRS990/InterestGrp/ManagementAndGeneralAmt01895
IRS990/InterestGrp/TotalAmt01895
IRS990/InventoriesForSaleOrUseGrp/BOYAmt060000
IRS990/InventoriesForSaleOrUseGrp/EOYAmt060000
IRS990/InvestmentIncomeGrp/ExclusionAmt09317
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt09317
IRS990/InvestmentInJointVentureInd0false
IRS990/IRPDocumentCnt03
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IRS990/LandBldgEquipAccumDeprecAmt0152440
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IRS990/LandBldgEquipBasisNetGrp/EOYAmt09675
IRS990/LandBldgEquipCostOrOtherBssAmt0162115
IRS990/LegalDomicileStateCd0NC
IRS990/LoanOutstandingInd0false
IRS990/LobbyingActivitiesInd0false
IRS990/LocalChaptersInd0false
IRS990/MaterialDiversionOrMisuseInd0false
IRS990/MembersOrStockholdersInd0false
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd0true
IRS990/MinutesOfGoverningBodyInd0true
IRS990/MissionDesc0OUR MISSION IS TO STRENGTHEN LITERACY SKILLS AMONG UNDERSERVED ELEMENTARY SCHOOL CHILDREN, AND PROVIDE MEALS IN A NURTURING NEIGHBORHOOD ENVIRONMENT.
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IRS990/MoreThan5000KToOrgInd0false
IRS990/NetAssetsOrFundBalancesBOYAmt01216578
IRS990/NetAssetsOrFundBalancesEOYAmt0935965
IRS990/NoDonorRestrictionNetAssetsGrp/BOYAmt01216578
IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt0896499
IRS990/NoListedPersonsCompensatedInd0X
IRS990/NoncashContributionsAmt030522
IRS990/NondeductibleContributionsInd0false
IRS990/OccupancyGrp/FundraisingAmt010
IRS990/OccupancyGrp/ManagementAndGeneralAmt08232
IRS990/OccupancyGrp/ProgramServicesAmt056
IRS990/OccupancyGrp/TotalAmt08298
IRS990/OfficeExpensesGrp/FundraisingAmt0748
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt06173
IRS990/OfficeExpensesGrp/ProgramServicesAmt02187
IRS990/OfficeExpensesGrp/TotalAmt09108
IRS990/OfficerMailingAddressInd0false
IRS990/OperateHospitalInd0false
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherAssetsTotalGrp/EOYAmt047602
IRS990/OtherEmployeeBenefitsGrp/FundraisingAmt0507
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt01521
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt014877
IRS990/OtherEmployeeBenefitsGrp/TotalAmt016905
IRS990/OtherExpensesGrp/Desc0BOOKS AND INCENTIVES
IRS990/OtherExpensesGrp/Desc1MEALS
IRS990/OtherExpensesGrp/Desc2AMORTIZATION EXPENSE
IRS990/OtherExpensesGrp/Desc3REPAIRS & MAINTENANCE
IRS990/OtherExpensesGrp/FundraisingAmt0286
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt0506
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt123801
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt22605
IRS990/OtherExpensesGrp/ProgramServicesAmt066032
IRS990/OtherExpensesGrp/ProgramServicesAmt127200
IRS990/OtherExpensesGrp/ProgramServicesAmt23695
IRS990/OtherExpensesGrp/TotalAmt066824
IRS990/OtherExpensesGrp/TotalAmt127200
IRS990/OtherExpensesGrp/TotalAmt223801
IRS990/OtherExpensesGrp/TotalAmt36300
IRS990/OtherLiabilitiesGrp/EOYAmt049030
IRS990/OtherRevenueMiscGrp/BusinessCd0900099
IRS990/OtherRevenueMiscGrp/Desc0MISCELLANEOUS
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt05
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IRS990/OtherRevenueTotalAmt05
IRS990/OtherSalariesAndWagesGrp/FundraisingAmt03083
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt09249
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt090434
IRS990/OtherSalariesAndWagesGrp/TotalAmt0102766
IRS990/PartialLiquidationInd0false
IRS990/PayPremiumsPrsnlBnftCntrctInd0false
IRS990/PayrollTaxesGrp/FundraisingAmt0558
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt01673
IRS990/PayrollTaxesGrp/ProgramServicesAmt016356
IRS990/PayrollTaxesGrp/TotalAmt018587
IRS990/PledgesAndGrantsReceivableGrp/BOYAmt0520420
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt072691
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt06098
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt06578
IRS990/PrincipalOfficerNm0SHERRY OVERTON SHUDRA
IRS990/PriorPeriodAdjustmentsAmt0-439999
IRS990/ProfessionalFundraisingInd0false
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt01083253
IRS990/PYExcessBenefitTransInd0false
IRS990/PYGrantsAndSimilarPaidAmt0357
IRS990/PYInvestmentIncomeAmt0386
IRS990/PYOtherExpensesAmt0212051
IRS990/PYOtherRevenueAmt038
IRS990/PYRevenuesLessExpensesAmt0607227
IRS990/PYSalariesCompEmpBnftPaidAmt0264042
IRS990/PYTotalExpensesAmt0476450
IRS990/PYTotalRevenueAmt01083677
IRS990/QuidProQuoContributionsInd0false
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReconcilationRevenueExpnssAmt0159386
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0false
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0335180
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0383634
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt0618803
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt0643252
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt0522445
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt0476287
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt0152051
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt02412838
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt09317
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt0386
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt0150
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt02563
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt01508
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt013924
IRS990ScheduleA/GrossReceiptsRltdActivitiesAmt0126426
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.87830
IRS990ScheduleA/PublicSupportPY170Pct00.86770
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IRS990ScheduleA/SubstantialContributorsTotAmt0281465
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IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt0152051
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt02412838
IRS990ScheduleA/TotalSupportAmt02426762
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IRS990ScheduleD/EquipmentGrp/DepreciationAmt0140625
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0150300
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt011815
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt011815
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt049030
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0LEASE LIABILITY
IRS990ScheduleD/TotalBookValueLandBuildingsAmt09675
IRS990ScheduleD/TotalLiabilityAmt049030
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IRS990ScheduleM/AnyPropertyThatMustBeHeldInd0false
IRS990ScheduleM/BooksAndPublicationsGrp/MethodOfDeterminingRevenuesTxt0FAIR VALUE
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IRS990ScheduleM/FoodInventoryGrp/MethodOfDeterminingRevenuesTxt0FAIR VALUE
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IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0WITH THREE MOBILE CLASSROOMS AND DOZENS OF PARTNERSHIPS WITH WCPSS, OTHER NONPROFIT AND COMMUNITY ORGANIZATIONS, READ AND FEED PROVIDED HIGH IMPACT TUTORING FOR 355 CHILDREN DURING THE ACADEMIC YEAR AND 1,188 STUDENTS WITH LARGE SCALE BOOK DISTRIBUTIONS ACROSS SUMMER SITES TO HELP REDUCE SUMMER LEARNING LOSS. THE ORGANIZATION PROVIDED NUTRITIOUS MEALS AND HEALTHY SNACKS, READING TUTORING AND AGE APPROPRIATE BOOKS AT NO CHARGE TO ALL OF THE CHILDREN ATTENDING THE PROGRAM. THERE WERE 23,391 BOOKS DISTRIBUTED THROUGH OUR PROGRAM, HELPING TO BUILD HOME LIBRARIES FOR MANY CHILDREN. OUR VOLUNTEERS DEVOTED 6,095 HOURS TUTORING STUDENTS AT 24 PROGRAM SITES. READ AND FEED ALSO HAD 516 TUTORING SESSIONS CONDUCTED FOR 4,918 HOURS INSTRUCTION, 358 SCHOOL SUPPLY BAGS ISSUED, 8,875 MEALS DISTRIBUTED, AND 8,340 HEALTHY SNACKS CONSUMED BY STUDENTS ATTENDING TUTORING SESSIONS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE TREASURER, IN CONJUNCTION WITH THE FINANCE COMMITTEE, WILL PROVIDE REVIEW AND OVERSIGHT RESPONSIBILITIES OF THE IRS FORM 990 PREPARED BY THE ORGANIZATIONS EXTERNAL TAX PREPARER. THE FINANCE COMMITTEE IS RESPONSIBLE FOR VERIFYING THE FORM 990 FOR ACCURACY AND COMPLETENESS BEFORE SUBMISSION OF THE FILING. UPON APPROVAL OF THE IRS FORM 990 BY THE FINANCE COMMITTEE, THE EXECUTIVE DIRECTOR WILL SIGN THE FORM 990. A COPY OF THE FORM 990 WILL BE DISTRIBUTED TO THE BOARD PRIOR TO FILING. THE ORIGINAL SIGNED COPY OF THE FORM 990 WILL BE FILED WITH THE IRS ONCE APPROVED AND DISTRIBUTION TO THE BOARD HAS OCCURRED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE CONFLICT OF INTEREST POLICY IS MONITORED BY THE BOARD SECRETARY AND REVIEWED AND SIGNED AT THE BEGINNING OF EACH FISCAL YEAR BY ALL STAFF AND BOARD MEMBERS WITH SIGNIFICANT DECISIONMAKING AUTHORITY. IT IS EACH SIGNATORS OBLIGATION TO DISCLOSE ANY POTENTIAL CONFLICT AS SOON AS IT IS KNOWN, OR REASONABLY SHOULD BE KNOWN.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE EXECUTIVE DIRECTORS SALARY LEVEL WAS INDEPENDENTLY REVIEWED BY THE BOARD OF DIRECTORS TO ENSURE IT DOES NOT EXCEED COMPARABLE LEVELS OF COMPENSATION FOR NONPROFIT DIRECTORS IN THIS REGION OF THE COUNTRY. SALARY DATA FOR EXECUTIVES OF ORGANIZATIONS OF A SIMILAR SIZE AND MISSION WERE EXAMINED IN DEVELOPING A COMPENSATION PACKAGE THAT WAS RECOMMENDED AND APPROVED BY THE BOARD OF DIRECTORS, AND DOCUMENTED IN THE MEETING MINUTES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE THREE MOST RECENT FORM 990S (INCLUDING FINANCIAL INFORMATION), THE BYLAWS, ARTICLES OF INCORPORATION, FORM 1023 APPLICATION FOR EXEMPTION, AND CONFLICT OF INTEREST POLICY ARE PROVIDED TO THE PUBLIC UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PAGE 2, PART III, LINE 4A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 15A

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