Civic Intelligence

Read to Ride Inc

EIN 27-0897018 • 501(c)3 • Norwich, CT

Profile

The distribution of bicycles to norwich, ct area children. To encourage the development of and improve the reading and language skills of norwich, connecticut area children.

Refreshing map…

21 Stott AvenueNorwich, CT 06360

n/A

Siviq Scores

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

Liabilities / Assets

60th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

501(c)3 • <$500k nonprofits • Source year 2025

Liabilities / Revenue

62nd percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

501(c)3 • <$500k nonprofits • Source year 2025

Net Margin

13th percentile

-60%

Higher net margin than 13% of similar nonprofits.

501(c)3 • <$500k nonprofits • Source year 2025

Top Officer Pay

81st percentile

$0

Higher top officer pay than 81% of similar nonprofits.

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

501(c)3 • <$500k nonprofits • Source year 2025

Asset Growth

21st percentile

-45%

Faster asset growth than 21% of similar nonprofits.

501(c)3 • <$500k nonprofits • Annualized from 2024 to 2025

Revenue Growth

75th percentile

25%

Faster revenue growth than 75% of similar nonprofits.

501(c)3 • <$500k nonprofits • Annualized from 2024 to 2025

Assets

Down

$27,642

Down $747 (-2.6%) from 2021

Liabilities

Flat

$0

Flat from 2021

Net Assets

Down

$27,642

Down $747 (-2.6%) from 2021

Revenue

Up

$16,353

Up $16,322 (+52652%) from 2021

Expenses

Up

$15,586

Up $11,879 (+320%) from 2021

Net Income

Up

$767

Up $4,443 (+121%) from 2021

Trend Graphs

Balance Sheet Trend

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

$60K$40K$20K$0Assets 2015: $0Liabilities 2015: $0Net Assets 2015: $02015Assets 2017: $35,460Liabilities 2017: $0Net Assets 2017: $35,4602017Assets 2018: $44,472Liabilities 2018: $0Net Assets 2018: $44,4722018Assets 2019: $33,203Liabilities 2019: $0Net Assets 2019: $33,2032019Assets 2020: $32,065Liabilities 2020: $0Net Assets 2020: $32,0652020Assets 2021: $28,389Liabilities 2021: $0Net Assets 2021: $28,3892021Assets 2024: $27,642Liabilities 2024: $0Net Assets 2024: $27,6422024

Highlighted filing

2024

Assets$27,642
Liabilities$0
Net Assets$27,642

Operations Trend

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

$30K$20K$10K$0-$10K-$20KRevenue 2015: $24,467Expenses 2015: $21,691Net Income 2015: $2,7762015Revenue 2017: $24,956Expenses 2017: $21,712Net Income 2017: $3,2442017Revenue 2018: $26,189Expenses 2018: $17,177Net Income 2018: $9,0122018Revenue 2019: $8,913Expenses 2019: $20,182Net Income 2019: -$11,2692019Revenue 2020: $1,739Expenses 2020: $3,127Net Income 2020: -$1,3882020Revenue 2021: $31Expenses 2021: $3,707Net Income 2021: -$3,6762021Revenue 2024: $16,353Expenses 2024: $15,586Net Income 2024: $7672024

Highlighted filing

2024

Revenue$16,353
Expenses$15,586
Net Income$767

Filings

Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Apr 30, 2025
Return Version
2024v5.0
Gross Receipts
$16,353
Mission and Program Overview

Mission

The distribution of bicycles to norwich, ct area children. To encourage the development of and improve the reading and language skills of norwich, connecticut area children.

The distribution of bicycles to norwich, ct area children. To encourage the developement of and improve the reading and language skills of norwich, connecticut area children.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$26,875$27,642▲ $767
Rtn Earn Endowment Incm Other Fnds$26,875$27,642▲ $767
Total Assets$26,875$27,642▲ $767
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Total Net Assets Fund Balance$26,875$27,642▲ $767
Total Liabilities and Net Assets / Fund Balance$26,875$27,642▲ $767
Compensation and Service Providers

Board Members and Trustees

NameTitle
Brandon HydePresident/di
Erin SpurgasSecretary/di
Peter Maneri Jr CPATreasurer/di
Revenue and Support

Revenue Composition

Contributions and Grants
$8,800
Program Service Revenue
$0
Investment Income
$23
Other Revenue
$7,530
All Other Contributions
$8,800
Change in Net Assets
$767
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$15,586
Total Fundraising Expense$2,909
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Expenses-$1,367$2,909$1,367
Fees for Services Other-$447-$447
Conferences and Meetings-$205-$205
Office Expenses-$22-$22
Total Functional Expenses$0$12,677$2,909$15,586
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$7,530
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Business relationship with 35% controlled entity
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
No
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI

Line 11b a copy of the return is provided to the board for review at the first available meeting

Form 990, Page 6, Part VI, Line 11B

No review was or will be conducted.

Form 990, Page 6, Part VI, Line 19

No documents available to the public

Filing and Contact Details

Filer

Filer Name
Read to Ride Inc
EIN
27-0897018
Phone
8608893825
Address
21 STOTT AVENUE, NORWICH, CT 06360

Signing Officer

Name
Brandon Hyde
Title
President/director
Phone
8608893825
Signed
2025-04-30
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Brandon Hyde
Formed
2009
Legal Domicile
Ct
Voting Board Members
0
Independent Board Members
0
Employees
0

Preparer

Firm
Peter Wm Maneri Jr CPA LLC
Address
21 STOTT AVE, NORWICH, CT 06360
Preparer
Peter Wm Maneri Jr CPA
Phone
8608893825
Supplemental Narrative

Additional Explanations

Form 990, Part XI, Line 9

ROUNDING 0

Raw XML Appendix263 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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IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt20
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IRS990/Form990PartVIISectionAGrp/TitleTxt1TREASURER/DI
IRS990/Form990PartVIISectionAGrp/TitleTxt2SECRETARY/DI
IRS990/Form990ProvidedToGvrnBodyInd0false
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IRS990/FundraisingGrossIncomeAmt07530
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IRS990/GoverningBodyVotingMembersCnt00
IRS990/GrantsToIndividualsInd0false
IRS990/GrantsToOrganizationsInd0false
IRS990/GrantToRelatedPersonInd0false
IRS990/GrossReceiptsAmt016353
IRS990/GroupReturnForAffiliatesInd0false
IRS990/IncludeFIN48FootnoteInd0false
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IRS990/IndependentVotingMemberCnt00
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IRS990/InvestmentIncomeGrp/ExclusionAmt023
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IRS990/IRPDocumentCnt00
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IRS990/MembersOrStockholdersInd0false
IRS990/MethodOfAccountingCashInd0X
IRS990/MinutesOfCommitteesInd0true
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IRS990/MoreThan5000KToOrgInd0false
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IRS990/NoListedPersonsCompensatedInd0X
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ReturnHeader/Filer/PhoneNum08608893825
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ReturnHeader/PreparerPersonGrp/PhoneNum08608893825
ReturnHeader/PreparerPersonGrp/PreparationDt02025-05-05
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0PETER WM MANERI JR CPA
ReturnHeader/ReturnTs02025-05-05T16:20:50-04:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02024-01-01
ReturnHeader/TaxPeriodEndDt02024-12-31
ReturnHeader/TaxYr02024

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Peer Organizations

Similar nonprofits based on the same Siviq industry and scale cohort. 501(c)3 • <$500k nonprofits