Civic Intelligence

Read to Ride Inc.

990 • Fiscal year 2019 • EIN 27-0897018

Jan 01, 2019 to Dec 31, 2019 • Filed on Jun 22, 2020

Organization ProfileN/A

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

57th percentile

0.00x

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

2019 filings • 501(c)3 • <$500k nonprofits • Source year 2019

Liabilities / Revenue

57th percentile

0.00x

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

2019 filings • 501(c)3 • <$500k nonprofits • Source year 2019

Net Margin

4th percentile

-126%

Higher net margin than 4% of similar nonprofits.

2019 filings • 501(c)3 • <$500k nonprofits • Source year 2019

Top Officer Pay

77th percentile

$0

Higher top officer pay than 77% of similar nonprofits.

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

2019 filings • 501(c)3 • <$500k nonprofits • Source year 2019

Asset Growth

18th percentile

-25%

Faster asset growth than 18% of similar nonprofits.

2019 filings • 501(c)3 • <$500k nonprofits • Annualized from 2018 to 2019

Revenue Growth

6th percentile

-66%

Faster revenue growth than 6% of similar nonprofits.

2019 filings • 501(c)3 • <$500k nonprofits • Annualized from 2018 to 2019

Balance Sheet
Liabilities / Assets57th percentile

Assets

Down

$33,203

Down $11,269 (-25%) from 2018

Net Assets

Down

$33,203

Down $11,269 (-25%) from 2018

Liabilities

Flat

$0

Flat from 2018

Revenue And Expenses
Liabilities / Revenue57th percentileNet Margin4th percentile

Revenue

Down

$8,913

Down $17,276 (-66%) from 2018

Expenses

Up

$20,182

Up $3,005 (+17%) from 2018

Net Income

Down

-$11,269

Down $20,281 (-225%) from 2018

Historical Trend

Balance Sheet Trend

Asset Growth18th percentile

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

2019

Assets$33,203
Liabilities$0
Net Assets$33,203
Open 2019 Filing

Operations Trend

Revenue Growth6th percentile

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

2019

Revenue$8,913
Expenses$20,182
Net Income-$11,269
Open 2019 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2019 to Dec 31, 2019
Signed
Jun 22, 2020
Return Version
2019v5.0
Gross Receipts
$12,588
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$44,472$33,203▼ $11,269
Rtn Earn Endowment Incm Other Fnds$44,472$33,203▼ $11,269
Total Assets$44,472$33,203▼ $11,269
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Total Net Assets Fund Balance$44,472$33,203▼ $11,269
Total Liabilities and Net Assets / Fund Balance$44,472$33,203▼ $11,269
Compensation and Service Providers
Top Officer Pay77th percentile

Board Members and Trustees

NameTitle
William CaronPresident/di
Erin SpurgasSecretary/di
Peter Maneri Jr CPATreasurer/di
Revenue and Support

Revenue Composition

Contributions and Grants
$4,000
Program Service Revenue
$0
Investment Income
$108
Other Revenue
$4,805
All Other Contributions
$4,000
Change in Net Assets
$-11,269
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$20,182
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
Fees for Services Other$15,629$1,703-$17,332
Conferences and Meetings-$1,216-$1,216
Advertising-$865-$865
Insurance-$739-$739
Travel-$30-$30
Total Functional Expenses$15,629$4,553$0$20,182
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$8,480
Fundraising Direct Expenses$3,675
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
Address
21 STOTT AVENUE, NORWICH, CT 06360

Signing Officer

Name
William Caron
Title
President/director
Phone
8608893825
Signed
2020-06-22
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 CPA LLC
Address
21 STOTT AVE, NORWICH, CT 06360
Preparer
Peter Wm Maneri Jr
Phone
8608893825
Supplemental Narrative

Additional Explanations

Form 990, Part IX, Line 11G

“Personal property tax 0 12 0 bicycles & helmets 15,629 0 0 contract services 0 550 0 dues & subscriptions 0 185 0 contributions 0 956 0 total 15,629 1,703 0”

Raw XML Appendix267 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.

Path#Value
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IRS990/AdvertisingGrp/ManagementAndGeneralAmt0865
IRS990/AdvertisingGrp/TotalAmt0865
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IRS990/BooksInCareOfDetail/BusinessName/BusinessNameLine1Txt0PETER WM MANERI JR CPA
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IRS990/EmployeeCnt00
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IRS990/ForeignActivitiesInd0false
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IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt05.00
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IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt10
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt20
IRS990/Form990PartVIISectionAGrp/PersonNm0WILLIAM CARON
IRS990/Form990PartVIISectionAGrp/PersonNm1PETER MANERI JR CPA
IRS990/Form990PartVIISectionAGrp/PersonNm2ERIN SPURGAS
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt00
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IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt20
IRS990/Form990PartVIISectionAGrp/TitleTxt0PRESIDENT/DI
IRS990/Form990PartVIISectionAGrp/TitleTxt1TREASURER/DI
IRS990/Form990PartVIISectionAGrp/TitleTxt2SECRETARY/DI
IRS990/Form990ProvidedToGvrnBodyInd0true
IRS990/FormationYr02009
IRS990/FormerOfcrEmployeesListedInd0false
IRS990/FSAuditedInd0false
IRS990/FundraisingActivitiesInd0false
IRS990/FundraisingDirectExpensesAmt03675
IRS990/FundraisingGrossIncomeAmt08480
IRS990/GamingActivitiesInd0false
IRS990/GoverningBodyVotingMembersCnt00
IRS990/GrantsToIndividualsInd0false
IRS990/GrantsToOrganizationsInd0false
IRS990/GrantToRelatedPersonInd0false
IRS990/GrossReceiptsAmt012588
IRS990/GroupReturnForAffiliatesInd0false
IRS990/IncludeFIN48FootnoteInd0false
IRS990/IndependentAuditFinclStmtInd0false
IRS990/IndependentVotingMemberCnt00
IRS990/IndoorTanningServicesInd0false
IRS990/InfoInScheduleOPartIXInd0X
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InsuranceGrp/ManagementAndGeneralAmt0739
IRS990/InsuranceGrp/TotalAmt0739
IRS990/InvestmentIncomeGrp/ExclusionAmt0108
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt0108
IRS990/InvestmentInJointVentureInd0false
IRS990/IRPDocumentCnt00
IRS990/IRPDocumentW2GCnt00
IRS990/LegalDomicileStateCd0CT
IRS990/LoanOutstandingInd0false
IRS990/LobbyingActivitiesInd0false
IRS990/LocalChaptersInd0false
IRS990/MaterialDiversionOrMisuseInd0false
IRS990/MembersOrStockholdersInd0false
IRS990/MethodOfAccountingCashInd0X
IRS990/MinutesOfCommitteesInd0true
IRS990/MinutesOfGoverningBodyInd0true
IRS990/MissionDesc0THE 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.
IRS990/MoreThan5000KToIndividualsInd0false
IRS990/MoreThan5000KToOrgInd0false
IRS990/NetAssetsOrFundBalancesBOYAmt044472
IRS990/NetAssetsOrFundBalancesEOYAmt033203
IRS990/NetIncmFromFundraisingEvtGrp/ExclusionAmt04805
IRS990/NetIncmFromFundraisingEvtGrp/TotalRevenueColumnAmt04805
IRS990/NoListedPersonsCompensatedInd0X
IRS990/NondeductibleContributionsInd0false
IRS990/OfficerMailingAddressInd0false
IRS990/OperateHospitalInd0false
IRS990/Organization501c3Ind0X
IRS990/OrgDoesNotFollowFASB117Ind0X
IRS990/PartialLiquidationInd0false
IRS990/PoliticalCampaignActyInd0false
IRS990/PrincipalOfficerNm0WILLIAM CARON
IRS990/ProfessionalFundraisingInd0false
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt08000
IRS990/PYExcessBenefitTransInd0false
IRS990/PYInvestmentIncomeAmt0112
IRS990/PYOtherExpensesAmt017177
IRS990/PYOtherRevenueAmt018077
IRS990/PYRevenuesLessExpensesAmt09012
IRS990/PYTotalExpensesAmt017177
IRS990/PYTotalRevenueAmt026189
IRS990/ReconcilationRevenueExpnssAmt0-11269
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0false
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0false
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RevenueAmt04000
IRS990/RtnEarnEndowmentIncmOthFndsGrp/BOYAmt044472
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IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt03515
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt010450
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IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt0108
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IRS990ScheduleA/PublicSupportCY170Pct00.91490
IRS990ScheduleA/PublicSupportTotal170Amt042045
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
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IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt016080
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt042045
IRS990ScheduleA/TotalSupportAmt045958
IRS990ScheduleA/UnrelatedBusinessNetIncm170Grp/CurrentTaxYearAmt03805
IRS990ScheduleA/UnrelatedBusinessNetIncm170Grp/TotalAmt03805
IRS990/ScheduleBRequiredInd0false
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0false
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0LINE 11B A COPY OF THE RETURN IS PROVIDED TO THE BOARD FOR REVIEW AT THE FIRST AVAILABLE MEETING
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1NO REVIEW WAS OR WILL BE CONDUCTED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2NO DOCUMENTS AVAILABLE TO THE PUBLIC
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3PERSONAL PROPERTY TAX 0 12 0 BICYCLES & HELMETS 15,629 0 0 CONTRACT SERVICES 0 550 0 DUES & SUBSCRIPTIONS 0 185 0 CONTRIBUTIONS 0 956 0 TOTAL 15,629 1,703 0
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI
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IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART IX, LINE 11G
IRS990/SchoolOperatingInd0false
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IRS990/USAddress/CityNm0UNCASVILLE
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IRS990/USAddress/ZIPCd006382
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ReturnHeader/BuildTS02021-01-29 14:40:06Z
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ReturnHeader/BusinessOfficerGrp/PersonNm0WILLIAM CARON
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT/DIRECTOR
ReturnHeader/BusinessOfficerGrp/PhoneNum08608893825
ReturnHeader/BusinessOfficerGrp/SignatureDt02020-06-22
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0READ TO RIDE INC
ReturnHeader/Filer/BusinessNameControlTxt0READ
ReturnHeader/Filer/EIN0270897018
ReturnHeader/Filer/USAddress/AddressLine1Txt021 STOTT AVENUE
ReturnHeader/Filer/USAddress/CityNm0NORWICH
ReturnHeader/Filer/USAddress/StateAbbreviationCd0CT
ReturnHeader/Filer/USAddress/ZIPCd006360
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ReturnHeader/FilingSecurityInformation/IPDt02020-07-06
ReturnHeader/FilingSecurityInformation/IPTimezoneCd0CD
ReturnHeader/FilingSecurityInformation/IPTm008:23:51
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0823803158
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0PETER WM MANERI JR CPA LLC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt021 STOTT AVE
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0NORWICH
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0CT
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd006360
ReturnHeader/PreparerPersonGrp/PhoneNum08608893825
ReturnHeader/PreparerPersonGrp/PreparationDt02020-06-23
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0PETER WM MANERI JR
ReturnHeader/ReturnTs02020-07-06T08:23:51-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02019-01-01
ReturnHeader/TaxPeriodEndDt02019-12-31
ReturnHeader/TaxYr02019

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2019 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$33,203
Liabilities
$0
Net assets
$33,203
Revenue
$8,913
Expenses
$20,182
Net income
-$11,269
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$27.6$0.00$27.6$16.4$15.6$0.77
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$28.4$0.00$28.4$0.03$3.71$3.68
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$32.1$0.00$32.1$1.74$3.13$1.39
2019Detailed filing. Detailed filing data is available for this year.$33.2$0.00$33.2$8.91$20.2$11.3
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$44.5$0.00$44.5$26.2$17.2$9.01
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$35.5$0.00$35.5$25.0$21.7$3.24
2015XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.00$0.00$0.00$24.5$21.7$2.78