Civic Intelligence

Read Foundation

EIN 27-0555320 • 501(c)3 • Holland, MI

Pub. 78 Eligible990-N CoverageNTEE B92

Profile

Improve and transform the lives of adults in ottawa county michigan by strengthening reading and language fluency.

430 E 8th St 140Holland, MI 49423

www.readottawa.org

Siviq Scores

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Balance Sheet

Assets

Up

$124,800

Up $48,127 (+63%) from 2023

Liabilities

Up

$1,864

Up $628 (+51%) from 2023

Net Assets

Up

$122,936

Up $47,499 (+63%) from 2023

Operations

Revenue

Up

$126,575

Up $35,489 (+39%) from 2023

Expenses

Up

$79,076

Up $28,740 (+57%) from 2023

Net Income

Up

$47,499

Up $6,749 (+17%) from 2023

Trend Graphs

Balance Sheet Trend

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

$150K$100K$50K$0Assets 2023: $76,673Liabilities 2023: $1,236Net Assets 2023: $75,4372023Assets 2024: $124,800Liabilities 2024: $1,864Net Assets 2024: $122,9362024

Highlighted filing

2024

Assets$124,800
Liabilities$1,864
Net Assets$122,936
Open 2024 Filing

Operations Trend

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

$150K$100K$50K$0Revenue 2023: $91,086Expenses 2023: $50,336Net Income 2023: $40,7502023Revenue 2024: $126,575Expenses 2024: $79,076Net Income 2024: $47,4992024

Highlighted filing

2024

Revenue$126,575
Expenses$79,076
Net Income$47,499
Open 2024 Filing

Filings

Most recent year

2024 • Form 990EZDetailed filing. Detailed filing data is available for this year.

Open filing
Assets
$124,800
Liabilities
$1,864
Net assets
$122,936
Revenue
$126,575
Expenses
$79,076
Net income
$47,499
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$1.25$0.02$1.23$1.27$0.79$0.47
2023Detailed filing. Detailed filing data is available for this year.$0.77$0.01$0.75$0.91$0.50$0.41
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Mar 10, 2025
Return Version
2024v5.0
Gross Receipts
$126,861
Mission and Program Overview

Mission

Improve and transform the lives of adults in ottawa county michigan by strengthening reading and language fluency.

Improve and transform the lives of adults in ottawa county michigna by strengthening reading and language fluency.

Program Services

DescriptionGrantsExpenses
PROVIDED ONE-ON-ONE TUTORING FOR BOTH ADULT BASIC LITERACY AND ENGLISH AS A SECOND LANGUAGE. SERVED OVER 100 INDIVIDUALS, IN SUPPORT OF THEIR INDIVIDUAL LITERACY GOALS, WITH 85% OF OUR LEARNERS SHOWING IMPROVEMENT IN ANNUAL TESTING. MOST PROGRAM WORK IS PERFORMED BY UNPAID VOLUNTEERS.-$79,076
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
ALLYSON VELDERMANExecutive DirectorPT$27,126-$27,126
JEFF PARRIOTTPresident-$0--
MAGGIE MCKEITHANVice President-$0--
LORI LEESecretary-$0--
SARA TEPASTTETreasurer-$0--
ZELIO FERRARINIDirector-$0--
JAKE RYANDirector-$0--
TINA ZELLMANTrustee-$0--
NATHAN SLAUERDirector-$0--
HANNAH EVERETTFoundation Mgr.-$0--
Filing and Contact Details

Filer

Filer Name
Read Foundation
EIN
27-0555320
Phone
6167388940
Address
430 E 8TH ST 140, HOLLAND, MI 49423

Signing Officer

Name
Sara Tepastt
Title
Treasurer
Signed
2025-03-10
Discuss with paid preparer
Yes

Preparer

Firm
Selby Tax & Accounting PC
Address
841 Slayton Ave, Grand Haven, MI 49417
Preparer
Abby Selby CPA
Phone
6166133222
Supplemental Narrative

Additional Explanations

Other Expenses.1001

“Advertising and Promotion $709”

Other Expenses.1002

“Office Expenses $625”

Other Expenses.1003

“Information Technology $45”

Other Expenses.1005

“Travel $4312”

Other Expenses.1

“Educational Materials $8494”

Other Expenses.2

“Volunteer Expenses $1995”

Other Expenses.3

“Memberships & Dues $870”

Other Expenses.5

“Outreach $334”

Other Expenses.7

“Appreciation $200”

Other Expenses.8

“Licensing $20”

Other Expenses.9

“Bank Charges $1”

Other Assets.1

“CHFZ ST INVESTMENT - Beginning $0 CHFZ ST INVESTMENT - Ending $30000”

Total Liabilities.1

“PAYROLL TAX LIABILITIES - Beginning $1236 PAYROLL TAX LIABILITIES - Ending $1864”

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ReturnHeader/BuildTS02025-03-06 01:10:19Z
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