Civic Intelligence

Read to Ride Inc.

990 • Fiscal year 2015 • EIN 27-0897018

Jan 01, 2015 to Dec 31, 2015 • Filed on Feb 11, 2016

Refreshing map…

21 Stott AvenueNorwich, CT 06360

(860) 889-3825

Siviq Scores

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

Liabilities / Assets

Score unavailable

No value available

Liabilities-to-assets requires both liabilities and assets on this filing.

Source year 2015

Liabilities / Revenue

55th percentile

0.00x

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

2015 filings • 501(c)3 • <$500k nonprofits • Source year 2015

Net Margin

66th percentile

11%

Higher net margin than 66% of similar nonprofits.

2015 filings • 501(c)3 • <$500k nonprofits • Source year 2015

Top Officer Pay

75th percentile

$0

Higher top officer pay than 75% of similar nonprofits.

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

2015 filings • 501(c)3 • <$500k nonprofits • Source year 2015

Asset Growth

Score unavailable

No value available

A valid growth rate could not be computed from the available filing history.

Annualized from 2014 to 2015

Revenue Growth

73rd percentile

21%

Faster revenue growth than 73% of similar nonprofits.

2015 filings • 501(c)3 • <$500k nonprofits • Annualized from 2014 to 2015

Assets

$0

No earlier filing loaded for comparison.

Net Assets

$0

No earlier filing loaded for comparison.

Liabilities

$0

No earlier filing loaded for comparison.

Revenue

$24,467

No earlier filing loaded for comparison.

Expenses

$21,691

No earlier filing loaded for comparison.

Net Income

$2,776

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.

$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

2015

Assets$0
Liabilities$0
Net Assets$0

Operations Trend

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

2015

Revenue$24,467
Expenses$21,691
Net Income$2,776
Jump To
Filing Snapshot
Filing Period
Jan 1, 2015 to Dec 31, 2015
Signed
Feb 11, 2016
Return Version
2015v2.1
Gross Receipts
$26,462
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 development of and improve the reading and language skills of Norwich, Connectciut area children in grades 1 through 5.

Balance Sheet Detail
LineBeginningEndChange
Assets
Total Assets$0$0→ $0
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Total Net Assets Fund Balance$0$0→ $0
Total Liabilities and Net Assets / Fund Balance$0$0→ $0
Compensation and Service Providers

Board Members and Trustees

NameTitle
William CaronPresident/Director
Erin SpurgasSecretary/Director
Peter ManeriTreasurer/Director
Revenue and Support

Revenue Composition

Contributions and Grants
$16,080
Program Service Revenue
$0
Investment Income
$7
Other Revenue
$8,380
All Other Contributions
$16,080
Change in Net Assets
$2,776
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$21,691
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
All Other Expenses$0$3,040$0$3,040
Other Expenses$0$1,110$0$1,110
Insurance$0$632$0$632
Conferences and Meetings$0$367$0$367
Total Functional Expenses$15,947$5,744$0$21,691
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$10,375
Fundraising Direct Expenses$1,995
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 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 9

Peter davis 72 spithead rd waterford ct 06385 peter maneri 37 royal oaks dr norwich ct 06360 william caron 71 derry hill rd uncasville ct 06382

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
William Caron
Title
President
Phone
8608893825
Signed
2016-02-11
Discuss with paid preparer
Yes

Organization Details

Principal Officer
William Caron
Formed
2009
Legal Domicile
Ct
Voting Board Members
0
Independent Board Members
0
Employees
0
Volunteers
6

Preparer

Firm
Peter Wm Maneri Jr LLC
Address
21 STOTT AVENUE, NORWICH, CT 06360-1507
Preparer
Peter Wm Maneri Jrcpa LLC
Phone
8608893825
Supplemental Narrative

Additional Explanations

Pt VI, Line 11B

A copy of the return is available upon request.

Form 990, Part IX, Line 24F

Annual report 100. 100. Contract services 500. 500. Donation 1644. 0. 1644. Gifts 103. 103. Postage 500. 500. Supplies 193. 193.

Raw XML Appendix277 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/TitleTxt2Secretary/Director
IRS990/Form990ProvidedToGvrnBodyInd0true
IRS990/FormationYr02009
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IRS990/FundraisingGrossIncomeAmt010375
IRS990/GamingActivitiesInd0false
IRS990/GoverningBodyVotingMembersCnt00
IRS990/GrantsToIndividualsInd0false
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IRS990/OperateHospitalInd0false
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IRS990/OrgDoesNotFollowSFAS117Ind0X
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1PETER DAVIS 72 SPITHEAD RD WATERFORD CT 06385 PETER MANERI 37 ROYAL OAKS DR NORWICH CT 06360 WILLIAM CARON 71 DERRY HILL RD UNCASVILLE CT 06382
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2ANNUAL REPORT 100. 100. CONTRACT SERVICES 500. 500. DONATION 1644. 0. 1644. GIFTS 103. 103. POSTAGE 500. 500. SUPPLIES 193. 193.
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IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Line 9
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part IX, Line 24f
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ReturnHeader/BuildTS02016-08-17 19:52:53Z
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ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum08608893825
ReturnHeader/BusinessOfficerGrp/SignatureDt02016-02-11
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0READ TO RIDE INC
ReturnHeader/Filer/BusinessNameControlTxt0READ
ReturnHeader/Filer/EIN0270897018
ReturnHeader/Filer/PhoneNum08608893825
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ReturnHeader/Filer/USAddress/StateAbbreviationCd0CT
ReturnHeader/Filer/USAddress/ZIPCd006360
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ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt021 STOTT AVENUE
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0NORWICH
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ReturnHeader/PreparerPersonGrp/PhoneNum08608893825
ReturnHeader/PreparerPersonGrp/PreparationDt02016-02-24
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0PETER WM MANERI JRCPA LLC
ReturnHeader/PreparerPersonGrp/SelfEmployedInd0X
ReturnHeader/ReturnTs02016-02-24T03:04:33-08:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02015-01-01
ReturnHeader/TaxPeriodEndDt02015-12-31
ReturnHeader/TaxYr02015

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