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

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

Liabilities / Assets

77th percentile

0.02x

Higher debt load relative to assets than 77% of similar nonprofits.

NTEE B • <$500k nonprofits • Source year 2025

Liabilities / Revenue

80th percentile

0.02x

Higher debt load relative to revenue than 80% of similar nonprofits.

NTEE B • <$500k nonprofits • Source year 2025

Net Margin

21st percentile

-15%

Higher net margin than 21% of similar nonprofits.

NTEE B • <$500k nonprofits • Source year 2025

Top Officer Pay

94th percentile

$36,723

Higher top officer pay than 94% of similar nonprofits.

Top officer pay equals 44.3% of source-year revenue.

NTEE B92 • <$500k nonprofits • Source year 2025

Asset Growth

33rd percentile

-9.7%

Faster asset growth than 33% of similar nonprofits.

NTEE B • <$500k nonprofits • Annualized from 2024 to 2025

Revenue Growth

21st percentile

-34%

Faster revenue growth than 21% of similar nonprofits.

NTEE B • <$500k nonprofits • Annualized from 2024 to 2025

Balance Sheet
Liabilities / Assets77th percentile

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
Liabilities / Revenue80th percentileNet Margin21st percentile

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

Asset Growth33rd percentile

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 Growth21st percentile

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 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
Top Officer Pay94th percentile

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”

Raw XML Appendix206 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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ReturnHeader/BuildTS02025-03-06 01:10:19Z
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ReturnHeader/Filer/EIN0270555320
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ReturnHeader/ReturnTs02025-03-10T13:34:21-07:00
ReturnHeader/ReturnTypeCd0990EZ
ReturnHeader/TaxPeriodBeginDt02024-01-01
ReturnHeader/TaxPeriodEndDt02024-12-31
ReturnHeader/TaxYr02024

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No mirrored PDF or thumbnail assets are attached yet.

Peer Organizations

Similar nonprofits based on the same Siviq industry and scale cohort. NTEE B92 • <$500k nonprofits