Civic Intelligence

Read & Ascend Inc.

990EZ • Fiscal year 2023 • EIN 27-1042081

Jan 01, 2023 to Dec 31, 2023 • Filed on Nov 07, 2024

Organization Profilereadandascend.com
13011 S 104th Ave Suite 210Palos Park, IL 60464

(708) 744-5568

Siviq Scores

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

Liabilities / Assets

58th percentile

0.00x

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

2023 filings • 501(c)3 • <$500k nonprofits • Source year 2023

Liabilities / Revenue

59th percentile

0.00x

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

2023 filings • 501(c)3 • <$500k nonprofits • Source year 2023

Net Margin

52nd percentile

3.9%

Higher net margin than 52% of similar nonprofits.

2023 filings • 501(c)3 • <$500k nonprofits • Source year 2023

Top Officer Pay

80th percentile

$5,000

Higher top officer pay than 80% of similar nonprofits.

Top officer pay equals 4.0% of source-year revenue.

2023 filings • 501(c)3 • <$500k nonprofits • Source year 2023

Asset Growth

57th percentile

5.0%

Faster asset growth than 57% of similar nonprofits.

2023 filings • 501(c)3 • <$500k nonprofits • Annualized from 2022 to 2023

Revenue Growth

15th percentile

-37%

Faster revenue growth than 15% of similar nonprofits.

2023 filings • 501(c)3 • <$500k nonprofits • Annualized from 2022 to 2023

Balance Sheet
Liabilities / Assets58th percentile

Assets

Up

$102,566

Up $4,874 (+5.0%) from 2022

Net Assets

Up

$102,566

Up $4,874 (+5.0%) from 2022

Liabilities

Flat

$0

Flat from 2022

Revenue And Expenses
Liabilities / Revenue59th percentileNet Margin52nd percentile

Revenue

Down

$123,748

Down $72,863 (-37%) from 2022

Expenses

Up

$118,874

Up $19,955 (+20%) from 2022

Net Income

Down

$4,874

Down $92,818 (-95%) from 2022

Historical Trend

Balance Sheet Trend

Asset Growth57th percentile

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

$150K$100K$50K$0Assets 2022: $97,692Liabilities 2022: $0Net Assets 2022: $97,6922022Assets 2023: $102,566Liabilities 2023: $0Net Assets 2023: $102,5662023Assets 2024: $107,474Liabilities 2024: $0Net Assets 2024: $107,4742024

Highlighted filing

2023

Assets$102,566
Liabilities$0
Net Assets$102,566
Open 2023 Filing

Operations Trend

Revenue Growth15th percentile

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$200K$150K$100K$50K$0Revenue 2022: $196,611Expenses 2022: $98,919Net Income 2022: $97,6922022Revenue 2023: $123,748Expenses 2023: $118,874Net Income 2023: $4,8742023Revenue 2024: $117,564Expenses 2024: $112,656Net Income 2024: $4,9082024

Highlighted filing

2023

Revenue$123,748
Expenses$118,874
Net Income$4,874
Open 2023 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2023 to Dec 31, 2023
Signed
Nov 7, 2024
Return Version
2023v5.1
Gross Receipts
$123,748
Mission and Program Overview

Mission

The organization's primary exempt purpose is to teach students to read.

Program Services

DescriptionGrantsExpenses
Teaching students to read$123,748$118,874
Compensation and Service Providers
Top Officer Pay80th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Rula ZegarPresidentFT$5,000-$5,000
Filing and Contact Details

Filer

Filer Name
Read & Ascend Inc
EIN
27-1042081
In Care Of
% RULA ZEGAR
Phone
7087445568
Address
13011 S 104th Ave Suite 210, Palos Park, IL 60464

Signing Officer

Name
Rula Zegar
Title
President
Phone
7085188131
Signed
2024-11-07
Discuss with paid preparer
Yes

Preparer

Firm
Miller Cooper & Co Ltd
Address
1751 Lake Cook Road Suite 400, Deerfield, IL 60015
Preparer
Jeffrey Wolf
Phone
8472055000
Supplemental Narrative

Additional Explanations

Form 990EZ Part I Line 8

“Description:TUITION Amount:120748”

Form 990EZ Part I Line 16

“Description:PAYROLL SERVICE FEE Amount:1197”

Form 990EZ Part I Line 16

“Description:BANK FEES Amount:738”

Form 990EZ Part I Line 16

“Description:UTILITIIES Amount:5357”

Form 990EZ Part I Line 16

“Description:INSURANCE Amount:1764”

Form 990EZ Part I Line 16

“Description:ANNUAL FILING FEE Amount:15”

Raw XML Appendix147 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
IRS990EZ/ActivitiesNotPreviouslyRptInd0false
IRS990EZ/BooksInCareOfDetail/PersonNm0RULA ZEGAR
IRS990EZ/BooksInCareOfDetail/PhoneNum07085188131
IRS990EZ/BooksInCareOfDetail/USAddress/AddressLine1Txt013011 S 104TH AVENUE
IRS990EZ/BooksInCareOfDetail/USAddress/CityNm0Palos Park
IRS990EZ/BooksInCareOfDetail/USAddress/StateAbbreviationCd0IL
IRS990EZ/BooksInCareOfDetail/USAddress/ZIPCd060464
IRS990EZ/CashSavingsAndInvestmentsGrp/BOYAmt097692
IRS990EZ/CashSavingsAndInvestmentsGrp/EOYAmt0102566
IRS990EZ/ChgMadeToOrgnzngDocNotRptInd0false
IRS990EZ/ContributionsGiftsGrantsEtcAmt03000
IRS990EZ/CostOfGoodsSoldAmt00
IRS990EZ/CostOrOtherBasisExpenseSaleAmt00
IRS990EZ/DonorAdvisedFndsInd0false
IRS990EZ/EngagedInExcessBenefitTransInd0false
IRS990EZ/ExcessOrDeficitForYearAmt04874
IRS990EZ/FiledScheduleAInd0false
IRS990EZ/ForeignFinancialAccountInd0false
IRS990EZ/Form990TotalAssetsGrp/BOYAmt097692
IRS990EZ/Form990TotalAssetsGrp/EOYAmt0102566
IRS990EZ/GainOrLossFromSaleOfAssetsAmt00
IRS990EZ/GrossProfitLossSlsOfInvntryAmt00
IRS990EZ/GrossReceiptsAmt0123748
IRS990EZ/InfoInScheduleOPartIInd0X
IRS990EZ/LandAndBuildingsGrp/BOYAmt00
IRS990EZ/LandAndBuildingsGrp/EOYAmt00
IRS990EZ/MadeLoansToFromOfficersInd0false
IRS990EZ/MethodOfAccountingCashInd0X
IRS990EZ/NetAssetsOrFundBalancesBOYAmt097692
IRS990EZ/NetAssetsOrFundBalancesEOYAmt0102566
IRS990EZ/NetAssetsOrFundBalancesGrp/BOYAmt097692
IRS990EZ/NetAssetsOrFundBalancesGrp/EOYAmt0102566
IRS990EZ/OccupancyRentUtltsAndMaintAmt051069
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt040.0
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt05000
IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm0Rula Zegar
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt0President
IRS990EZ/OperateHospitalInd0false
IRS990EZ/Organization501c3Ind0X
IRS990EZ/OrganizationDissolvedEtcInd0false
IRS990EZ/OrganizationHadUBIInd0false
IRS990EZ/OtherAssetsTotalDetail/BOYAmt00
IRS990EZ/OtherAssetsTotalDetail/EOYAmt00
IRS990EZ/OtherExpensesTotalAmt032232
IRS990EZ/OtherRevenueTotalAmt0120748
IRS990EZ/PoliticalCampaignActyInd0false
IRS990EZ/PrimaryExemptPurposeTxt0THE ORGANIZATION'S PRIMARY EXEMPT PURPOSE IS TO TEACH STUDENTS TO READ.
IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt0Teaching students to read
IRS990EZ/ProgramSrvcAccomplishmentGrp/GrantsAndAllocationsAmt0123748
IRS990EZ/ProgramSrvcAccomplishmentGrp/ProgramServiceExpensesAmt0118874
IRS990EZ/ProhibitedTaxShelterTransInd0false
IRS990EZ/RelatedOrganizationCtrlEntInd0false
IRS990EZ/SalariesOtherCompEmplBnftAmt035573
IRS990EZ/SpecialEventsDirectExpensesAmt00
IRS990EZ/SpecialEventsNetIncomeLossAmt00
IRS990EZ/StatesWhereCopyOfReturnIsFldCd0IL
IRS990EZ/SubjectToProxyTaxInd0false
IRS990EZ/SumOfTotalLiabilitiesGrp/BOYAmt00
IRS990EZ/SumOfTotalLiabilitiesGrp/EOYAmt00
IRS990EZ/TanningServicesProvidedInd0false
IRS990EZ/TotalExpensesAmt0118874
IRS990EZ/TotalProgramServiceExpensesAmt0118874
IRS990EZ/TotalRevenueAmt0123748
IRS990EZ/TransactionWithControlEntInd0false
IRS990EZ/TypeOfOrganizationCorpInd0X
IRS990EZ/WebsiteAddressTxt0readandascend.com
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/TotalAmt00
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearAmt03000
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus1YearAmt095101
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus2YearsAmt00
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus3YearsAmt00
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus4YearsAmt00
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt098101
IRS990ScheduleA/GovtFurnSrvcFcltsVl509Grp/TotalAmt00
IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt00
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt0120748
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt0101510
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt0222258
IRS990ScheduleA/GrossReceiptsNonUnrltBusGrp/TotalAmt00
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt00
IRS990ScheduleA/InvestmentIncomeCYPct00.00000
IRS990ScheduleA/InvestmentIncomePYPct00.00000
IRS990ScheduleA/NetIncomeFromOtherUBIGrp/TotalAmt00
IRS990ScheduleA/OtherIncome509Grp/TotalAmt00
IRS990ScheduleA/Post1975UBTIGrp/TotalAmt00
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct01.00000
IRS990ScheduleA/PublicSupportPY509Pct01.00000
IRS990ScheduleA/PublicSupportTotal509Amt0320359
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/TotalAmt00
IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt00
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft509Grp/TotalAmt00
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt0123748
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt0196611
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt00
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt00
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt00
IRS990ScheduleA/Total509Grp/TotalAmt0320359
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt0123748
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt0196611
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt00
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt00
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt00
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt0320359
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0Description:TUITION Amount:120748
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1Description:PAYROLL SERVICE FEE Amount:1197
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2Description:BANK FEES Amount:738
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3Description:UTILITIIES Amount:5357
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4Description:INSURANCE Amount:1764
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5Description:ANNUAL FILING FEE Amount:15
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990EZ PART I LINE 8
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990EZ PART I LINE 16
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990EZ PART I LINE 16
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990EZ PART I LINE 16
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990EZ PART I LINE 16
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990EZ PART I LINE 16
ReturnHeader/BuildTS02024-10-15 13:58:12Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0Rula Zegar
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0President
ReturnHeader/BusinessOfficerGrp/PhoneNum07085188131
ReturnHeader/BusinessOfficerGrp/SignatureDt02024-11-07
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0Read & Ascend Inc
ReturnHeader/Filer/BusinessNameControlTxt0READ
ReturnHeader/Filer/EIN0271042081
ReturnHeader/Filer/InCareOfNm0% RULA ZEGAR
ReturnHeader/Filer/PhoneNum07087445568
ReturnHeader/Filer/USAddress/AddressLine1Txt013011 S 104th Ave Suite 210
ReturnHeader/Filer/USAddress/CityNm0Palos Park
ReturnHeader/Filer/USAddress/StateAbbreviationCd0IL
ReturnHeader/Filer/USAddress/ZIPCd060464
ReturnHeader/IRSResponsiblePrtyInfoCurrInd0true
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0MILLER COOPER & CO LTD
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt01751 Lake Cook Road Suite 400
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0Deerfield
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0IL
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd060015
ReturnHeader/PreparerPersonGrp/PhoneNum08472055000
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0Jeffrey Wolf
ReturnHeader/ReturnTs02024-11-11T10:29:30-06:00
ReturnHeader/ReturnTypeCd0990EZ
ReturnHeader/TaxPeriodBeginDt02023-01-01
ReturnHeader/TaxPeriodEndDt02023-12-31
ReturnHeader/TaxYr02023

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2023 • Form 990EZDetailed filing. Detailed filing data is available for this year.

Open filing
Assets
$102,566
Liabilities
$0
Net assets
$102,566
Revenue
$123,748
Expenses
$118,874
Net income
$4,874
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$1.07$0.00$1.07$1.18$1.13$0.05
2023Detailed filing. Detailed filing data is available for this year.$1.03$0.00$1.03$1.24$1.19$0.05
2022Detailed filing. Detailed filing data is available for this year.$0.98$0.00$0.98$1.97$0.99$0.98