Civic Intelligence

Freedom Readers Inc.

990EZ • Fiscal year 2016 • EIN 27-2517686

Jan 01, 2016 to Dec 31, 2016 • Filed on Feb 25, 2017

PO Box 30548Myrtle Beach, SC 29588-0548

(843) 251-1804

Siviq Scores

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

Liabilities / Assets

73rd percentile

0.06x

Higher debt load relative to assets than 73% of similar nonprofits.

2016 filings • 501(c)3 • <$500k nonprofits • Source year 2016

Liabilities / Revenue

75th percentile

0.04x

Higher debt load relative to revenue than 75% of similar nonprofits.

2016 filings • 501(c)3 • <$500k nonprofits • Source year 2016

Net Margin

55th percentile

5.2%

Higher net margin than 55% of similar nonprofits.

2016 filings • 501(c)3 • <$500k nonprofits • Source year 2016

Top Officer Pay

82nd percentile

$18,000

Higher top officer pay than 82% of similar nonprofits.

Top officer pay equals 18.2% of source-year revenue.

2016 filings • 501(c)3 • <$500k nonprofits • Source year 2016

Asset Growth

62nd percentile

9.2%

Faster asset growth than 62% of similar nonprofits.

2016 filings • 501(c)3 • <$500k nonprofits • Annualized from 2015 to 2016

Revenue Growth

54th percentile

2.9%

Faster revenue growth than 54% of similar nonprofits.

2016 filings • 501(c)3 • <$500k nonprofits • Annualized from 2015 to 2016

Assets

Up

$74,685

Up $6,291 (+9.2%) from 2015

Net Assets

Up

$70,575

Up $5,114 (+7.8%) from 2015

Liabilities

Up

$4,110

Up $1,177 (+40%) from 2015

Revenue

Up

$98,959

Up $2,754 (+2.9%) from 2015

Expenses

Up

$93,844

Up $34,778 (+59%) from 2015

Net Income

Down

$5,115

Down $32,024 (-86%) from 2015

Historical Trend

Balance Sheet Trend

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

$400K$300K$200K$100K$0Assets 2014: $29,558Liabilities 2014: $1,237Net Assets 2014: $28,3212014Assets 2015: $68,394Liabilities 2015: $2,933Net Assets 2015: $65,4612015Assets 2016: $74,685Liabilities 2016: $4,110Net Assets 2016: $70,5752016Assets 2017: $53,786Liabilities 2017: $1,997Net Assets 2017: $51,7892017Assets 2018: $53,969Liabilities 2018: $2,125Net Assets 2018: $51,8442018Assets 2019: $77,103Liabilities 2019: $0Net Assets 2019: $77,1032019Assets 2020: $139,003Liabilities 2020: $29,115Net Assets 2020: $109,8882020Assets 2021: $256,809Liabilities 2021: $116Net Assets 2021: $256,6932021Assets 2022: $305,575Liabilities 2022: $3,956Net Assets 2022: $301,6192022Assets 2023: $258,515Liabilities 2023: $4,482Net Assets 2023: $254,0332023Assets 2024: $230,917Liabilities 2024: $4,983Net Assets 2024: $225,9342024

Highlighted filing

2016

Assets$74,685
Liabilities$4,110
Net Assets$70,575

Operations Trend

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

$400K$300K$200K$100K$0-$100KRevenue 2014: $55,464Expenses 2014: $48,634Net Income 2014: $6,8302014Revenue 2015: $96,205Expenses 2015: $59,066Net Income 2015: $37,1392015Revenue 2016: $98,959Expenses 2016: $93,844Net Income 2016: $5,1152016Revenue 2017: $117,677Expenses 2017: $136,462Net Income 2017: -$18,7852017Revenue 2018: $176,667Expenses 2018: $176,612Net Income 2018: $552018Revenue 2019: $217,563Expenses 2019: $192,306Net Income 2019: $25,2572019Revenue 2020: $194,132Expenses 2020: $161,347Net Income 2020: $32,7852020Revenue 2021: $306,625Expenses 2021: $159,820Net Income 2021: $146,8052021Revenue 2022: $293,433Expenses 2022: $248,507Net Income 2022: $44,9262022Revenue 2023: $185,335Expenses 2023: $232,921Net Income 2023: -$47,5862023Revenue 2024: $241,642Expenses 2024: $269,741Net Income 2024: -$28,0992024

Highlighted filing

2016

Revenue$98,959
Expenses$93,844
Net Income$5,115
Jump To
Filing Snapshot
Filing Period
Jan 1, 2016 to Dec 31, 2016
Signed
Feb 25, 2017
Return Version
2016v3.0
Gross Receipts
$107,027
Mission and Program Overview

Mission

To improve reading skills in low-income communities by providing one-to-one literacy tutoring, free books for home libraries, and an inspiring, high- energy learning environment.

Program Services

DescriptionGrantsExpenses
PROVIDING ONE-TO-ONE LITERACY TUTORING, FREE BOOKS FOR HOME LIBRARIES.-$79,642
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
TRACY BAILEYCEOPT$18,000-$18,000
CHERYL BELLVice ChairPT$0--
CAROLYN ELLISBoard MemberPT$0--
NANCY NELSONBoard MemberPT$0--
BRATTON FENNELLTreasurerPT$0--
GINNY KINTZVice ChairPT$0--
DOMINIC STARRChairPT$0--
GLORIA ROBINSON COOPERBoard DirectPT$0--
Fundraising, Events, and Gaming

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Uptown/downtown$18,345$18,345-$18,345
Books and Boogi$10,580$10,580-$10,580
Total Events$28,925$28,925$7,718$21,207
Filing and Contact Details

Filer

Filer Name
Freedom Readers Inc
EIN
27-2517686
Address
PO BOX 30548, MYRTLE BEACH, SC 29588-0548

Signing Officer

Name
Tracy Bailey
Title
CEO
Signed
2017-02-25
Discuss with paid preparer
Yes

Preparer

Firm
Bartlett Buie CPA Pa
Address
PO BOX 7770, MYRTLE BEACH, SC 29572
Preparer
Bartlett Buie
Phone
8434494765
Supplemental Narrative

Additional Explanations

Form 990-ez, Part I, Line 16

Expenses website 320 printing 63 community promotion 744 advertising 559 postage, mailing service 370 office supplies 2,084 telephone, telecommunications 268 conference, convention, meeti 150 insurance - liability, d and 5,184 books 6,642 student supplies 4,475 student incentives 250 background checks 1,677 food 1,385 volunteer incentives/ hon 4,608 supplies 47 location directors 6,525 special projects or event 89 license fee 52 total 35,492

Form 990-ez, Part II, Line 24

Prepaid expenses and deferred charges 0 203 security deposits asset 0 300 total 0 503

Form 990-ez, Part II, Line 26

Accounts payable and accrued expenses 39 0 deferred revenue 2,190 3,215 fica payable 586 772 state withholding 119 123

Form 990-ez, Part III

To improve reading skills in low-income communities by providing one-to-one literacy tutoring, free books for home libraries, and an inspiring, high- energy learning environment.

Raw XML Appendix174 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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IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm7GLORIA ROBINSON COOPER
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt0VICE CHAIR
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt1BOARD MEMBER
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt2BOARD MEMBER
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt3CEO
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt4TREASURER
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IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt7BOARD DIRECT
IRS990EZ/OperateHospitalInd0false
IRS990EZ/Organization501c3Ind0X
IRS990EZ/OrganizationDissolvedEtcInd0false
IRS990EZ/OrganizationHadUBIInd0false
IRS990EZ/OtherAssetsTotalDetail/EOYAmt0503
IRS990EZ/OtherExpensesTotalAmt035492
IRS990EZ/PartVIHghstPdCntrctProfSrvcTxt0NONE
IRS990EZ/PartVIOfCompOfHghstPdEmplTxt0NONE
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IRS990EZ/PrimaryExemptPurposeTxt0TO IMPROVE READING SKILLS IN LOW-INCOME COMMUNITIES BY PROVIDING ONE-TO-ONE LITERACY TUTORING, FREE BOOKS FOR HOME LIBRARIES, AND AN INSPIRING, HIGH- ENERGY LEARNING ENVIRONMENT.
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IRS990ScheduleG/LicensedStatesCd0SC
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0EXPENSES WEBSITE 320 PRINTING 63 COMMUNITY PROMOTION 744 ADVERTISING 559 POSTAGE, MAILING SERVICE 370 OFFICE SUPPLIES 2,084 TELEPHONE, TELECOMMUNICATIONS 268 CONFERENCE, CONVENTION, MEETI 150 INSURANCE - LIABILITY, D AND 5,184 BOOKS 6,642 STUDENT SUPPLIES 4,475 STUDENT INCENTIVES 250 BACKGROUND CHECKS 1,677 FOOD 1,385 VOLUNTEER INCENTIVES/ HON 4,608 SUPPLIES 47 LOCATION DIRECTORS 6,525 SPECIAL PROJECTS OR EVENT 89 LICENSE FEE 52 TOTAL 35,492
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1PREPAID EXPENSES AND DEFERRED CHARGES 0 203 SECURITY DEPOSITS ASSET 0 300 TOTAL 0 503
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2ACCOUNTS PAYABLE AND ACCRUED EXPENSES 39 0 DEFERRED REVENUE 2,190 3,215 FICA PAYABLE 586 772 STATE WITHHOLDING 119 123
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3TO IMPROVE READING SKILLS IN LOW-INCOME COMMUNITIES BY PROVIDING ONE-TO-ONE LITERACY TUTORING, FREE BOOKS FOR HOME LIBRARIES, AND AN INSPIRING, HIGH- ENERGY LEARNING ENVIRONMENT.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990-EZ, PART I, LINE 16
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990-EZ, PART II, LINE 24
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990-EZ, PART II, LINE 26
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990-EZ, PART III
ReturnHeader/BuildTS02017-02-10 21:41:12Z
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ReturnHeader/BusinessOfficerGrp/PersonNm0TRACY BAILEY
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0CEO
ReturnHeader/BusinessOfficerGrp/SignatureDt02017-02-25
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0FREEDOM READERS INC
ReturnHeader/Filer/BusinessNameControlTxt0FREE
ReturnHeader/Filer/EIN0272517686
ReturnHeader/Filer/USAddress/AddressLine1Txt0PO BOX 30548
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ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0PO BOX 7770
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0MYRTLE BEACH
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0SC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd029572
ReturnHeader/PreparerPersonGrp/PhoneNum08434494765
ReturnHeader/PreparerPersonGrp/PreparationDt02017-02-25
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0BARTLETT BUIE
ReturnHeader/ReturnTs02017-03-06T18:12:17-05:00
ReturnHeader/ReturnTypeCd0990EZ
ReturnHeader/TaxPeriodBeginDt02016-01-01
ReturnHeader/TaxPeriodEndDt02016-12-31
ReturnHeader/TaxYr02016

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Filings