Civic Intelligence

Read Foundation

990EZ • Fiscal year 2023 • EIN 27-0555320

Jan 01, 2023 to Dec 31, 2023 • Filed on Apr 26, 2023

430 E 8th St 140Holland, MI 49423

(616) 843-1470

Siviq Scores

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

Liabilities / Assets

76th percentile

0.02x

Higher debt load relative to assets than 76% of similar nonprofits.

2023 filings • NTEE B • <$500k nonprofits • Source year 2023

Liabilities / Revenue

76th percentile

0.01x

Higher debt load relative to revenue than 76% of similar nonprofits.

2023 filings • NTEE B • <$500k nonprofits • Source year 2023

Net Margin

81st percentile

45%

Higher net margin than 81% of similar nonprofits.

2023 filings • NTEE B • <$500k nonprofits • Source year 2023

Top Officer Pay

92nd percentile

$20,800

Higher top officer pay than 92% of similar nonprofits.

Top officer pay equals 22.8% of source-year revenue.

2023 filings • NTEE B • <$500k nonprofits • Source year 2023

Asset Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2023

Revenue Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2023

Assets

$76,673

No earlier filing loaded for comparison.

Net Assets

$75,437

No earlier filing loaded for comparison.

Liabilities

$1,236

No earlier filing loaded for comparison.

Revenue

$91,086

No earlier filing loaded for comparison.

Expenses

$50,336

No earlier filing loaded for comparison.

Net Income

$40,750

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

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

$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

2023

Assets$76,673
Liabilities$1,236
Net Assets$75,437

Operations Trend

Revenue, expenses, and net income across loaded years, with this 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

2023

Revenue$91,086
Expenses$50,336
Net Income$40,750
Jump To
Filing Snapshot
Filing Period
Jan 1, 2023 to Dec 31, 2023
Signed
Apr 26, 2023
Return Version
2023v5.0
Gross Receipts
$94,262
Mission and Program Overview

Mission

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

Improve and transform the lives of adults in ottawa county michigan 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.-$22,988
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
STORMIE DRAKEExecutive DiPT$20,800-$20,800
JEFFREY PARRIOTTPresident-$0--
MAGGIE MCKIETHANVice Preside-$0--
SHERYL ZAJECHOWSKITreasurer-$0--
SUSAN LOWESecretary-$0--
SARA TEPASTTEBoard Member-$0--
ANGEL MENDIOLABoard Member-$0--
JACOB RYANBoard Member-$0--
ZELIO FERRARINIBoard Member-$0--
LORI LEEBoard Member-$0--
Filing and Contact Details

Filer

Filer Name
Read Foundation
EIN
27-0555320
Phone
6168431470
Address
430 E 8TH ST 140, HOLLAND, MI 49423

Signing Officer

Name
Jeffrey Parriott
Title
President
Phone
6168431470
Signed
2023-04-26
Supplemental Narrative

Additional Explanations

Form 990-ez, Part I, Line 16

Expenses outreach 525 advertising 165 website 43 supplies 310 software 940 conferences 225 tutor training events 449 volunteer appreciation 327 bank fees 56 memberships 309 misc fundraising 77 state annual report fee 20 total 3,446

Form 990-ez, Part II, Line 26

Payroll tax liabilities 407 1,236

Form 990-ez, Part III

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

Form 990-ez, Part III, Line 28

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.

Raw XML Appendix180 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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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0EXPENSES OUTREACH 525 ADVERTISING 165 WEBSITE 43 SUPPLIES 310 SOFTWARE 940 CONFERENCES 225 TUTOR TRAINING EVENTS 449 VOLUNTEER APPRECIATION 327 BANK FEES 56 MEMBERSHIPS 309 MISC FUNDRAISING 77 STATE ANNUAL REPORT FEE 20 TOTAL 3,446
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1PAYROLL TAX LIABILITIES 407 1,236
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2IMPROVE AND TRANSFORM THE LIVES OF ADULTS IN OTTAWA COUNTY MICHIGAN BY STRENGTHENING READING AND LANGUAGE FLUENCY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3PROVIDED 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.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990-EZ, PART I, LINE 16
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990-EZ, PART II, LINE 26
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990-EZ, PART III
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990-EZ, PART III, LINE 28
ReturnHeader/BuildTS02023-04-26 12:10:37Z
ReturnHeader/BusinessOfficerGrp/PersonNm0JEFFREY PARRIOTT
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum06168431470
ReturnHeader/BusinessOfficerGrp/SignatureDt02023-04-26
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ReturnHeader/Filer/USAddress/ZIPCd049423
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ReturnHeader/ReturnTs02024-05-04T20:17:32-04:00
ReturnHeader/ReturnTypeCd0990EZ
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0JEFFREY
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0PARRIOTT
ReturnHeader/TaxPeriodBeginDt02023-01-01
ReturnHeader/TaxPeriodEndDt02023-12-31
ReturnHeader/TaxYr02023

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