Civic Intelligence

Reading Legacies

990 • Fiscal year 2014 • EIN 27-0523331

Jan 01, 2014 to Dec 31, 2014 • Filed on Jun 30, 2015

2750 Historic Decatur RoadSan Diego, CA 92106

(619) 269-2743

Siviq Scores

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

Liabilities / Assets

69th percentile

0.04x

Higher debt load relative to assets than 69% of similar nonprofits.

2014 filings • 501(c)3 • <$500k nonprofits • Source year 2014

Liabilities / Revenue

72nd percentile

0.03x

Higher debt load relative to revenue than 72% of similar nonprofits.

2014 filings • 501(c)3 • <$500k nonprofits • Source year 2014

Net Margin

77th percentile

20%

Higher net margin than 77% of similar nonprofits.

2014 filings • 501(c)3 • <$500k nonprofits • Source year 2014

Top Officer Pay

Score unavailable

No value available

This filing does not contain officer compensation rows.

Source year 2014

Asset Growth

81st percentile

38%

Faster asset growth than 81% of similar nonprofits.

2014 filings • 501(c)3 • <$500k nonprofits • Annualized from 2013 to 2014

Revenue Growth

79th percentile

31%

Faster revenue growth than 79% of similar nonprofits.

2014 filings • 501(c)3 • <$500k nonprofits • Annualized from 2013 to 2014

Assets

Up

$167,730

Up $46,596 (+38%) from 2013

Net Assets

Up

$160,573

Up $41,793 (+35%) from 2013

Liabilities

Up

$7,157

Up $4,803 (+204%) from 2013

Revenue

Up

$208,287

Up $49,557 (+31%) from 2013

Expenses

Up

$166,295

Up $46,737 (+39%) from 2013

Net Income

Up

$41,992

Up $2,820 (+7.2%) from 2013

Historical Trend

Balance Sheet Trend

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

$400K$300K$200K$100K$0Assets 2011: $75,602Liabilities 2011: $13,452Net Assets 2011: $62,1502011Assets 2012: $90,415Liabilities 2012: $11,864Net Assets 2012: $78,5512012Assets 2013: $121,134Liabilities 2013: $2,354Net Assets 2013: $118,7802013Assets 2014: $167,730Liabilities 2014: $7,157Net Assets 2014: $160,5732014Assets 2015: $231,124Liabilities 2015: $11,123Net Assets 2015: $220,0012015Assets 2016: $204,124Liabilities 2016: $17,675Net Assets 2016: $186,4492016Assets 2017: $198,712Liabilities 2017: $15,513Net Assets 2017: $183,1992017Assets 2018: $219,078Liabilities 2018: $22,621Net Assets 2018: $196,4572018Assets 2019: $174,225Liabilities 2019: $18,818Net Assets 2019: $155,4072019Assets 2020: $159,593Liabilities 2020: $50,152Net Assets 2020: $109,4412020Assets 2021: $200,825Liabilities 2021: $8,910Net Assets 2021: $191,9152021Assets 2022: $243,708Liabilities 2022: $9,230Net Assets 2022: $234,4782022Assets 2023: $243,204Liabilities 2023: $22,206Net Assets 2023: $220,9982023Assets 2024: $314,351Liabilities 2024: $20,579Net Assets 2024: $293,7722024

Highlighted filing

2014

Assets$167,730
Liabilities$7,157
Net Assets$160,573

Operations Trend

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

$600K$400K$200K$0-$200KRevenue 2011: $92,734Expenses 2011: $44,944Net Income 2011: $47,7902011Revenue 2012: $122,804Expenses 2012: $106,457Net Income 2012: $16,3472012Revenue 2013: $158,730Expenses 2013: $119,558Net Income 2013: $39,1722013Revenue 2014: $208,287Expenses 2014: $166,295Net Income 2014: $41,9922014Revenue 2015: $308,589Expenses 2015: $247,744Net Income 2015: $60,8452015Revenue 2016: $276,611Expenses 2016: $310,453Net Income 2016: -$33,8422016Revenue 2017: $255,517Expenses 2017: $263,682Net Income 2017: -$8,1652017Revenue 2018: $290,959Expenses 2018: $273,154Net Income 2018: $17,8052018Revenue 2019: $290,087Expenses 2019: $337,596Net Income 2019: -$47,5092019Revenue 2020: $290,066Expenses 2020: $340,594Net Income 2020: -$50,5282020Revenue 2021: $409,720Expenses 2021: $317,125Net Income 2021: $92,5952021Revenue 2022: $416,088Expenses 2022: $373,525Net Income 2022: $42,5632022Revenue 2023: $414,168Expenses 2023: $427,648Net Income 2023: -$13,4802023Revenue 2024: $483,724Expenses 2024: $410,950Net Income 2024: $72,7742024

Highlighted filing

2014

Revenue$208,287
Expenses$166,295
Net Income$41,992
Jump To
Filing Snapshot
Filing Period
Jan 1, 2014 to Dec 31, 2014
Signed
Jun 30, 2015
Return Version
2014v5.0
Gross Receipts
$208,370
Mission and Program Overview

Mission

To empower children as valued family and community members through intergenerational shared-reading experiences.

To empower children as valued family & community members through intergenerational shared-reading experiences.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$47,382$88,776▲ $41,394
Investments in Publicly Traded Securities$61,780$64,492▲ $2,712
Accounts Receivable$10,697$12,057▲ $1,360
Prepaid Expenses and Deferred Charges$421$1,980▲ $1,559
Land, Buildings, and Equipment, Net$855$0▼ $855
Savings and Temporary Cash Investments-$0-
Other Notes and Loans Receivable, Net-$0-
Pledges and Grants Receivable-$0-
Receivable From Disqualified Prsn-$0-
Receivables From Officers Etc-$0-
Investments Other Securities-$0-
Investments Program Related-$0-
Intangible Assets-$0-
Inventories for Sale or Use-$0-
Total Assets$121,134$167,730▲ $46,596
Other Assets Total$-1$425▲ $426
Liabilities
Accounts Payable and Accrued Expenses$2,354$7,157▲ $4,803
Total Liabilities$2,354$7,157▲ $4,803
Net Assets / Fund Balance
Temporarily Rstr Net Assets$63,690$80,307▲ $16,617
Unrestricted Net Assets$55,090$80,266▲ $25,176
Total Net Assets Fund Balance$118,780$160,573▲ $41,793
Total Liabilities and Net Assets / Fund Balance$121,134$167,730▲ $46,596

Asset Categories

AssetBook ValueDepreciationBasis
Equipment-$3,846$3,846

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2014$61,780$1,700▲ $1,375-$64,492
2013$33,415$27,400▲ $1,166-$61,780
2012$22,317$9,100▲ $2,147-$33,415
2011-$22,599▼ $282-$22,317
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Betty MohlenbrockPresident & CEOFT$8,000$8,000

Board Members and Trustees

Revenue and Support

Revenue Composition

Contributions and Grants
$127,809
Program Service Revenue
$78,883
Investment Income
$1,595
Other Revenue
$0
All Other Contributions
$127,809
Change in Net Assets
$41,992
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$124,006
Other Expenses$42,289
Total Fundraising Expense$1,927
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$110,452$4,677$877$116,006
Current Officers, Directors, Trustees, and Key Employees$8,000--$8,000
Fees for Services Accounting$4,067$1,952$181$6,200
Occupancy$4,942$329$220$5,491
All Other Expenses$3,928$37$25$3,990
Fees for Services Other$3,057$203$136$3,396
Office Expenses$2,926$195$130$3,251
Insurance$2,616$175$116$2,907
Other Expenses$2,161$141$94$2,161
Depreciation Depletion$769$52$34$855
Total Functional Expenses$155,504$8,864$1,927$166,295
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
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
No
Annual disclosure for covered persons
No
Backup withholding compliance
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
No
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, Part VI, Line 11B: Form 990 Review Process

The signor submits questions concerning the form 990 directly to the preparer.

Form 990, Part VI, Line 19: Other Organization Documents Publicly Available

Any interested parties should contact betty mohlenbrock by mail with a request for any public statements.

Filing and Contact Details

Filer

Filer Name
Reading Legacies
EIN
27-0523331
Phone
6192692743
Address
2750 HISTORIC DECATUR ROAD, SAN DIEGO, CA 92106

Signing Officer

Name
Betty Mohlenbrock
Title
President & CEO
Signed
2015-06-30
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Betty Mohlenbrock
Formed
2010
Legal Domicile
CA
Voting Board Members
11
Independent Board Members
10
Employees
6
Volunteers
86

Preparer

Firm
Hamilton Tharp Llp
Address
323 N PACIFIC COAST HWY 101, SOLANA BEACH, CA 92075
Preparer
Judith W Hamilton CPA
Phone
8584817702
Supplemental Narrative

Additional Explanations

Other Changes In Net Assets Or Fund Balances - Other Increases

ROUNDING = $1

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IRS990/Form990PartVIISectionAGrp/TitleTxt0President & CEO
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IRS990/MoreThan5000KToOrgInd0false
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IRS990/OfficeExpensesGrp/TotalAmt03251
IRS990/OfficerMailingAddressInd0false
IRS990/OnBehalfOfIssuerInd0false
IRS990/OperateHospitalInd0false
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsSFAS117Ind0X
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IRS990/OtherChangesInNetAssetsAmt01
IRS990/OtherEmployeeBenefitsGrp/TotalAmt00
IRS990/OtherExpensesGrp/Desc0IN-KIND
IRS990/OtherExpensesGrp/Desc1TELEPHONE
IRS990/OtherExpensesGrp/Desc2DUES & SUBSCRIPTIONS
IRS990/OtherExpensesGrp/Desc3PROGRAM MATERIALS
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IRS990/OtherExpensesGrp/FundraisingAmt194
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt0931
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt1172
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt2141
IRS990/OtherExpensesGrp/ProgramServicesAmt07891
IRS990/OtherExpensesGrp/ProgramServicesAmt12579
IRS990/OtherExpensesGrp/ProgramServicesAmt22116
IRS990/OtherExpensesGrp/ProgramServicesAmt32161
IRS990/OtherExpensesGrp/TotalAmt08822
IRS990/OtherExpensesGrp/TotalAmt12865
IRS990/OtherExpensesGrp/TotalAmt22351
IRS990/OtherExpensesGrp/TotalAmt32161
IRS990/OtherRevenueTotalAmt00
IRS990/OtherSalariesAndWagesGrp/FundraisingAmt0877
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt04677
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt0110452
IRS990/OtherSalariesAndWagesGrp/TotalAmt0116006
IRS990/OtherWebsiteInd0X
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt00
IRS990/OwnWebsiteInd0X
IRS990/PartialLiquidationInd0false
IRS990/PaymentsToAffiliatesGrp/TotalAmt00
IRS990/PayPremiumsPrsnlBnftCntrctInd0false
IRS990/PayrollTaxesGrp/TotalAmt00
IRS990/PensionPlanContributionsGrp/TotalAmt00
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt00
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt0421
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt01980
IRS990/PrincipalOfficerNm0BETTY MOHLENBROCK
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgramServiceRevenueGrp/BusinessCd0611710
IRS990/ProgramServiceRevenueGrp/Desc0EDUCATION SERVICES
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt078883
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt078883
IRS990/ProgSrvcAccomActy2Grp/Desc0COMMUNITY CONNECTIONS - IMPACT HIGH SCHOOL AND MIDDLE SCHOOL AGED YOUTH THROUGH SEMESTER-LONG COMMITMENT OF READING ALOUD WEEKLY TO YOUNG CHILDREN IN THEIR OWN COMMUNITIES, ESPECIALLY UNDER-SERVED COMMUNITIES. ADULT VOLUNTEERS PARTNER WITH THE YOUTH PARTICIPANTS TO PROVIDE TRAINING, GUIDANCE, AND ENCOURAGEMENT. AT THE END OF THE SEMESTER, THE YOUTH HAVE AN OPPORTUNITY TO MAKE A PRESENTATION TO THEIR PARENTS AND THE PARENTS OF THE YOUNG CHILDREN ABOUT THEIR EXPERIENCE FOLLOWED BY A SPECIAL EVENT TO CONGRATULATE THE YOUTH FOR THEIR COMMUNITY SERVICE.FOUNDATION PRESIDENT, BETTY J MOHLENBROCK DONATED OVER 2,461 HOURS AS A VOLUNTEER TO FAMILY AND COMMUNITY CONNECTIONS IN 2014, AND THE CHARITY RECEIVED, FROM 3RD PARTIES, THE FREE USE OF FACILITIES VALUED AT APPROXIMATELY $7,650 FOR THE TWO MAIN READING PROGRAMS.
IRS990/ProgSrvcAccomActy2Grp/ExpenseAmt06278
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt0158525
IRS990/PYExcessBenefitTransInd0false
IRS990/PYInvestmentIncomeAmt0205
IRS990/PymtTravelEntrtnmntPubOfclGrp/TotalAmt00
IRS990/PYOtherExpensesAmt032149
IRS990/PYRevenuesLessExpensesAmt039172
IRS990/PYSalariesCompEmpBnftPaidAmt087409
IRS990/PYTotalExpensesAmt0119558
IRS990/PYTotalRevenueAmt0158730
IRS990/QuidProQuoContributionsInd0false
IRS990/RcvblFromDisqualifiedPrsnGrp/EOYAmt00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReceivablesFromOfficersEtcGrp/EOYAmt00
IRS990/ReconcilationRevenueExpnssAmt041992
IRS990/RegularMonitoringEnfrcInd0false
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0false
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RoyaltiesGrp/TotalAmt00
IRS990/RoyaltiesRevenueGrp/TotalRevenueColumnAmt00
IRS990/SavingsAndTempCashInvstGrp/EOYAmt00
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IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt0158525
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt0120615
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt071937
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt027530
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt0506416
IRS990ScheduleA/GovtFurnSrvcFcltsVl170Grp/TotalAmt00
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt01595
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt0205
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt02188
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt073
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt04061
IRS990ScheduleA/OtherIncome170Grp/TotalAmt00
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.98310
IRS990ScheduleA/PublicSupportTotal170Amt0501836
IRS990ScheduleA/SubstantialContributorsTotAmt04580
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft170Grp/TotalAmt00
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt0127809
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt0158525
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt0120615
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt071937
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt027530
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt0506416
IRS990ScheduleA/TotalSupportAmt0510477
IRS990ScheduleA/UnrelatedBusinessNetIncm170Grp/TotalAmt00
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd0true
IRS990ScheduleD/CYEndwmtFundGrp/AdministrativeExpensesAmt0363
IRS990ScheduleD/CYEndwmtFundGrp/BeginningYearBalanceAmt061780
IRS990ScheduleD/CYEndwmtFundGrp/ContributionsAmt01700
IRS990ScheduleD/CYEndwmtFundGrp/EndYearBalanceAmt064492
IRS990ScheduleD/CYEndwmtFundGrp/InvestmentEarningsOrLossesAmt01375
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/AdministrativeExpensesAmt0201
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/BeginningYearBalanceAmt033415
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/ContributionsAmt027400
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/EndYearBalanceAmt061780
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt01166
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/AdministrativeExpensesAmt0149
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/BeginningYearBalanceAmt022317
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/ContributionsAmt09100
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/EndYearBalanceAmt033415
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt02147
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/ContributionsAmt022599
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/EndYearBalanceAmt022317
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt0-282
IRS990ScheduleD/EndowmentsHeldRelatedOrgInd0false
IRS990ScheduleD/EndowmentsHeldUnrelatedOrgInd0false

Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$3.14$0.21$2.94$4.84$4.11$0.73
2023Detailed filing. Detailed filing data is available for this year.$2.43$0.22$2.21$4.14$4.28$0.13
2022Detailed filing. Detailed filing data is available for this year.$2.44$0.09$2.34$4.16$3.74$0.43
2021Detailed filing. Detailed filing data is available for this year.$2.01$0.09$1.92$4.10$3.17$0.93
2020Detailed filing. Detailed filing data is available for this year.$1.60$0.50$1.09$2.90$3.41$0.51
2019Detailed filing. Detailed filing data is available for this year.$1.74$0.19$1.55$2.90$3.38$0.48
2018Detailed filing. Detailed filing data is available for this year.$2.19$0.23$1.96$2.91$2.73$0.18
2017Detailed filing. Detailed filing data is available for this year.$1.99$0.16$1.83$2.56$2.64$0.08
2016Detailed filing. Detailed filing data is available for this year.$2.04$0.18$1.86$2.77$3.10$0.34
2015Detailed filing. Detailed filing data is available for this year.$2.31$0.11$2.20$3.09$2.48$0.61
2014Detailed filing. Detailed filing data is available for this year.$1.68$0.07$1.61$2.08$1.66$0.42
2013Detailed filing. Detailed filing data is available for this year.$1.21$0.02$1.19$1.59$1.20$0.39
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.90$0.12$0.79$1.23$1.06$0.16
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.76$0.13$0.62$0.93$0.45$0.48