Civic Intelligence

Ride for Reading Inc

EIN 26-2127480 • 501(c)3 • Nashville, TN

Profile

Ride for reading's mission is to promote literacy and healthy living through the distribution of books via bicycle to children from low-income neighborhoods.

1515 Elm Hill PikeNashville, TN 37210

www.rideforreading.org

Siviq Scores

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

Liabilities / Assets

70th percentile

0.02x

Higher debt load relative to assets than 70% of similar nonprofits.

501(c)3 • <$500k nonprofits • Source year 2019

Liabilities / Revenue

73rd percentile

0.02x

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

501(c)3 • <$500k nonprofits • Source year 2019

Net Margin

13th percentile

-53%

Higher net margin than 13% of similar nonprofits.

501(c)3 • <$500k nonprofits • Source year 2019

Top Officer Pay

84th percentile

$0

Higher top officer pay than 84% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

501(c)3 • <$500k nonprofits • Source year 2013

Asset Growth

23rd percentile

-34%

Faster asset growth than 23% of similar nonprofits.

501(c)3 • <$500k nonprofits • Annualized from 2018 to 2019

Revenue Growth

25th percentile

-31%

Faster revenue growth than 25% of similar nonprofits.

501(c)3 • <$500k nonprofits • Annualized from 2018 to 2019

Assets

Down

$49,164

Down $25,076 (-34%) from 2018

Liabilities

Up

$1,035

Up $1,035 from 2018

Net Assets

Down

$48,129

Down $26,111 (-35%) from 2018

Revenue

Down

$49,275

Down $22,409 (-31%) from 2018

Expenses

Down

$75,386

Down $21,319 (-22%) from 2018

Net Income

Down

-$26,111

Down $1,090 (-4.4%) from 2018

Trend Graphs

Balance Sheet Trend

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

$100K$50K$0Assets 2010: $4,251Liabilities 2010: $0Net Assets 2010: $4,2512010Assets 2011: $8,955Liabilities 2011: $163Net Assets 2011: $8,7922011Assets 2013: $62,790Liabilities 2013: $0Net Assets 2013: $62,7902013Assets 2014: $84,432Liabilities 2014: $0Net Assets 2014: $84,4322014Assets 2015: $63,399Liabilities 2015: $0Net Assets 2015: $63,3992015Assets 2016: $86,890Liabilities 2016: $0Net Assets 2016: $86,8902016Assets 2017: $99,261Liabilities 2017: $0Net Assets 2017: $99,2612017Assets 2018: $74,240Liabilities 2018: $0Net Assets 2018: $74,2402018Assets 2019: $49,164Liabilities 2019: $1,035Net Assets 2019: $48,1292019

Highlighted filing

2019

Assets$49,164
Liabilities$1,035
Net Assets$48,129

Operations Trend

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

$200K$100K$0-$100KRevenue 2010: $21,013Expenses 2010: $19,471Net Income 2010: $1,5422010Revenue 2011: $44,154Expenses 2011: $39,615Net Income 2011: $4,5392011Revenue 2013: $127,351Expenses 2013: $84,010Net Income 2013: $43,3412013Revenue 2014: $183,672Expenses 2014: $162,030Net Income 2014: $21,6422014Revenue 2015: $102,056Expenses 2015: $123,089Net Income 2015: -$21,0332015Revenue 2016: $115,981Expenses 2016: $92,490Net Income 2016: $23,4912016Revenue 2017: $92,366Expenses 2017: $79,995Net Income 2017: $12,3712017Revenue 2018: $71,684Expenses 2018: $96,705Net Income 2018: -$25,0212018Revenue 2019: $49,275Expenses 2019: $75,386Net Income 2019: -$26,1112019

Highlighted filing

2019

Revenue$49,275
Expenses$75,386
Net Income-$26,111

Filings

Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2019 to Dec 31, 2019
Signed
Nov 11, 2020
Return Version
2019v5.0
Gross Receipts
$142,270
Mission and Program Overview

Mission

Ride for reading's mission is to promote literacy and healthy living through the distribution of books via bicycle to children from low-income neighborhoods.

Program Services

DescriptionGrantsExpenses
BOOK DELIVERIES VIA BICYCLE - ONCE PER MONTH WE DELIVER BOOKS TO CHILDREN IN TITLE 1 SCHOOLS. A REPRESENTATIVE FROM OUR ORGANIZATION TALKS TO THE CHILDREN ABOUT THE IMPORTANCE OF LITERACY, HELMET WEARING, AND A HEALTHY LIFESTYLE. EACH CHILD IS ABLE TO CHOOSE 1 - 3 BOOKS TO TAKE TO KEEP OR PASS ALONG TO A FRIEND. AS PART OF THE BOOK DELIVERY, WE ALSO HOST BOOK SORTING EVENTS WHERE VOLUNTEERS COME TO OUR WAREHOUSE TO HELP US CLEAN AND SORT BOOKS BY GRADE LEVEL FOR THE UPCOMING DELIVERY. OVER 1,500 VOLUNTEER HOURS WERE USED CARRYING OUT THE BOOK DELIVERY PROCESS.-$37,693
TEACHERS COME TO OUR WAREHOUSE AND PICK UP BOOKS FOR THEIR STUDENTS. OVER 1,000 BOOKS WERE GIVEN OUT AT OUR TEACHER BOOK PICK-UPS.-$22,616
ANNUALLY, WE COORDINATE "NATIONAL RIDE FOR READING WEEK", A WEEK IN MAY IN WHICH WE ENCOURAGE CYCLISTS ACROSS THE COUNTRY TO BRING OUR MISSION TO THEIR TOWNS BY HOSTING A BOOK DELIVERY TO A TITLE 1 SCHOOL. WE HELP WITH LOGISTICS, AND WE PROVIDE THE DONATED BOOKS AND PAY FOR SHIPPING EXPENSES. RIDE FOR READING WEEK MOBILIZES HUNDERDS OF VOLUNTEERS ACROSS THE COUNTRY EACH YEAR.-$15,077
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
BRENDA MIKECExecutive DiFT$40,771-$40,771
GRAHAM GERDEMANNBoard MemberPT$0--
ED WILDERMUTHBoard Chair-$0--
JEFF ECKTreasurer-$0--
SPENCER SWEATBoard Member-$0--
DAVE PERREAULTBoard Member-$0--
STEPHANIE WARDSecretary-$0--
SARAH CAMPBoard Member-$0--
JON KNISSBoard Member-$0--
MICHELLE BOWENBoard ChairPT$0--
JASON CAMPBELLBoard Member-$0--
SYREETA BUTLERBoard Member-$0--
MAUREEN SANDERSONBoard Member-$0--
CHRISTA ALDRICHBoard Member-$0--
Fundraising, Events, and Gaming

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Enbf$111,145$111,145$92,995$18,150
Total Events$111,145$111,145$92,995$18,150
Filing and Contact Details

Filer

Filer Name
Ride for Reading Inc
EIN
26-2127480
Address
1515 ELM HILL PIKE, NASHVILLE, TN 37210

Signing Officer

Name
Brenda Mikec
Title
Executive Director
Phone
6153787323
Signed
2020-11-11
Discuss with paid preparer
Yes

Preparer

Firm
Blankenship CPA Group Pllc
Address
215 WARD CIRCLE, BRENTWOOD, TN 37027-2304
Preparer
Scott a Felts CPA
Phone
6153733771
Supplemental Narrative

Additional Explanations

Form 990-ez, Part I, Line 16

Expenses advertising & marketing 1,685 promotional expense 1,621 office 2,506 travel 712 insurance 2,533 bank charges & fees 309 books 1,158 education & workshops 555 meals 426 payroll processing fee 982 qgiv processing fees 287 reimbursable expenses 1,199 taxes & licenses 592 misc expenses 102 volunteer expenses 2,440 total 17,107

Form 990-ez, Part II, Line 24

Inventories for sale or use 26,518 22,393 total 26,518 22,393

Form 990-ez, Part II, Line 26

Accounts payable and accrued expenses 0 1,035

Form 990-ez, Part III

Ride for reading's mission is to promote literacy and healthy living through the distribution of books via bicycle to children from low-income neighborhoods.

Form 990-ez, Part III, Line 28

Book deliveries via bicycle - once per month we deliver books to children in title 1 schools. A representative from our organization talks to the children about the importance of literacy, helmet wearing, and a healthy lifestyle. Each child is able to choose 1 - 3 books to take to keep or pass along to a friend. As part of the book delivery, we also host book sorting events where volunteers come to our warehouse to help us clean and sort books by grade level for the upcoming delivery. Over 1,500 volunteer hours were used carrying out the book delivery process.

Form 990-ez, Part III, Line 30

Annually, we coordinate "national ride for reading week", a week in may in which we encourage cyclists across the country to bring our mission to their towns by hosting a book delivery to a title 1 school. We help with logistics, and we provide the donated books and pay for shipping expenses. Ride for reading week mobilizes hunderds of volunteers across the country each year.

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IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt1TEACHERS COME TO OUR WAREHOUSE AND PICK UP BOOKS FOR THEIR STUDENTS. OVER 1,000 BOOKS WERE GIVEN OUT AT OUR TEACHER BOOK PICK-UPS.
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0EXPENSES ADVERTISING & MARKETING 1,685 PROMOTIONAL EXPENSE 1,621 OFFICE 2,506 TRAVEL 712 INSURANCE 2,533 BANK CHARGES & FEES 309 BOOKS 1,158 EDUCATION & WORKSHOPS 555 MEALS 426 PAYROLL PROCESSING FEE 982 QGIV PROCESSING FEES 287 REIMBURSABLE EXPENSES 1,199 TAXES & LICENSES 592 MISC EXPENSES 102 VOLUNTEER EXPENSES 2,440 TOTAL 17,107
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1INVENTORIES FOR SALE OR USE 26,518 22,393 TOTAL 26,518 22,393
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2ACCOUNTS PAYABLE AND ACCRUED EXPENSES 0 1,035
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3RIDE FOR READING'S MISSION IS TO PROMOTE LITERACY AND HEALTHY LIVING THROUGH THE DISTRIBUTION OF BOOKS VIA BICYCLE TO CHILDREN FROM LOW-INCOME NEIGHBORHOODS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4BOOK DELIVERIES VIA BICYCLE - ONCE PER MONTH WE DELIVER BOOKS TO CHILDREN IN TITLE 1 SCHOOLS. A REPRESENTATIVE FROM OUR ORGANIZATION TALKS TO THE CHILDREN ABOUT THE IMPORTANCE OF LITERACY, HELMET WEARING, AND A HEALTHY LIFESTYLE. EACH CHILD IS ABLE TO CHOOSE 1 - 3 BOOKS TO TAKE TO KEEP OR PASS ALONG TO A FRIEND. AS PART OF THE BOOK DELIVERY, WE ALSO HOST BOOK SORTING EVENTS WHERE VOLUNTEERS COME TO OUR WAREHOUSE TO HELP US CLEAN AND SORT BOOKS BY GRADE LEVEL FOR THE UPCOMING DELIVERY. OVER 1,500 VOLUNTEER HOURS WERE USED CARRYING OUT THE BOOK DELIVERY PROCESS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5ANNUALLY, WE COORDINATE "NATIONAL RIDE FOR READING WEEK", A WEEK IN MAY IN WHICH WE ENCOURAGE CYCLISTS ACROSS THE COUNTRY TO BRING OUR MISSION TO THEIR TOWNS BY HOSTING A BOOK DELIVERY TO A TITLE 1 SCHOOL. WE HELP WITH LOGISTICS, AND WE PROVIDE THE DONATED BOOKS AND PAY FOR SHIPPING EXPENSES. RIDE FOR READING WEEK MOBILIZES HUNDERDS OF VOLUNTEERS ACROSS THE COUNTRY EACH YEAR.
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IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990-EZ, PART II, LINE 24
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990-EZ, PART II, LINE 26
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990-EZ, PART III
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IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990-EZ, PART III, LINE 30
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ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0215 WARD CIRCLE
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0BRENTWOOD
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0TN
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd0370272304
ReturnHeader/PreparerPersonGrp/PhoneNum06153733771
ReturnHeader/PreparerPersonGrp/PreparationDt02020-11-13
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0SCOTT A FELTS CPA
ReturnHeader/ReturnTs02020-11-13T14:34:27-06:00
ReturnHeader/ReturnTypeCd0990EZ
ReturnHeader/TaxPeriodBeginDt02019-01-01
ReturnHeader/TaxPeriodEndDt02019-12-31
ReturnHeader/TaxYr02019

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