Civic Intelligence

Read Lakeland Inc.

990EZ • Fiscal year 2015 • EIN 31-1467587

Apr 01, 2014 to Mar 31, 2015 • Filed on Oct 21, 2015

1628 S Florida AveLakeland, FL 33803

(863) 682-5151

Siviq Scores

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

Liabilities / Assets

67th percentile

0.03x

Higher debt load relative to assets than 67% of similar nonprofits.

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

Liabilities / Revenue

69th percentile

0.02x

Higher debt load relative to revenue than 69% of similar nonprofits.

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

Net Margin

51st percentile

3.6%

Higher net margin than 51% 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

59th percentile

7.2%

Faster asset growth than 59% of similar nonprofits.

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

Revenue Growth

24th percentile

-19%

Faster revenue growth than 24% of similar nonprofits.

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

Assets

Up

$47,521

Up $3,211 (+7.2%) from 2014

Net Assets

Up

$46,274

Up $1,964 (+4.4%) from 2014

Liabilities

$1,247

No earlier filing loaded for comparison.

Revenue

Down

$55,262

Down $13,362 (-19%) from 2014

Expenses

Up

$53,298

Up $13,182 (+33%) from 2014

Net Income

Down

$1,964

Down $26,544 (-93%) from 2014

Historical Trend

Balance Sheet Trend

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

$80K$60K$40K$20K$0Assets 2014: $44,310Net Assets 2014: $44,3102014Assets 2015: $47,521Liabilities 2015: $1,247Net Assets 2015: $46,2742015Assets 2016: $60,267Liabilities 2016: $1,714Net Assets 2016: $58,5532016Assets 2018: $31,864Liabilities 2018: $1,737Net Assets 2018: $30,1272018Assets 2019: $23,141Liabilities 2019: $3,492Net Assets 2019: $19,6492019Assets 2020: $19,081Liabilities 2020: $1,737Net Assets 2020: $17,3442020Assets 2021: $36,848Liabilities 2021: $28,631Net Assets 2021: $8,2172021Assets 2022: $36,923Liabilities 2022: $30,278Net Assets 2022: $6,6452022Assets 2023: $40,024Liabilities 2023: $30,099Net Assets 2023: $9,9252023Assets 2025: $49,404Liabilities 2025: $23,549Net Assets 2025: $25,8552025

Highlighted filing

2015

Assets$47,521
Liabilities$1,247
Net Assets$46,274

Operations Trend

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

$100K$50K$0-$50KRevenue 2014: $68,624Expenses 2014: $40,116Net Income 2014: $28,5082014Revenue 2015: $55,262Expenses 2015: $53,298Net Income 2015: $1,9642015Revenue 2016: $60,300Expenses 2016: $48,021Net Income 2016: $12,2792016Revenue 2018: $25,737Expenses 2018: $53,407Net Income 2018: -$27,6702018Revenue 2019: $43,656Expenses 2019: $48,160Net Income 2019: -$4,5042019Revenue 2020: $45,224Expenses 2020: $47,529Net Income 2020: -$2,3052020Revenue 2021: $33,173Expenses 2021: $42,302Net Income 2021: -$9,1292021Revenue 2022: $38,453Expenses 2022: $40,023Net Income 2022: -$1,5702022Revenue 2023: $42,748Expenses 2023: $39,468Net Income 2023: $3,2802023Revenue 2025: $53,479Expenses 2025: $47,661Net Income 2025: $5,8182025

Highlighted filing

2015

Revenue$55,262
Expenses$53,298
Net Income$1,964
Jump To
Filing Snapshot
Filing Period
Apr 1, 2014 to Mar 31, 2015
Signed
Oct 21, 2015
Return Version
2014v5.0
Gross Receipts
$55,262
Mission and Program Overview

Mission

Read lakeland, inc is a nonprofit 501 (c) (3) organization dedicated to teaching basic literacy skills that include reading, writing, math, and english language skills to adults who are low literate or speakers of other languages. Established in 1995 by volunteers as a community based organization organization to promote adult literacy, read lakeland has provided one-on-one and small group tutoring services to hundreds of adults in lakeland and surrounding areas. Read lakeland is dedicated to improving the quality of life in the community through teaching basic literacy skills to adult nonreaders and promoting adult and family literacy.

Read lakeland, inc. Is a nonprofit 501(c)(3) organization dedicated to teaching basic literacy skills that include, reading, writing, math and english language skills to adults who are low literate or speakers of other languages. Established in 1995 by volunteers as a community-based organization to promote adult literacy, read lakeland has provided one-on- one and small group tutoring services to hundreds of adults in lakeland and surrounding areas. Read lakeland is dedicated to improving the quality of life in the community through teaching basic literacy skills to adult nonreaders and promoting adult and family literacy.

Program Services

DescriptionGrantsExpenses
FOR ALL ADULTS WITH LOW LITERACY SKILLS AND WHO ARE WILLING TO PUT FORTH THE EFFORT TO LEARN, WE PROVIDE A MEANS TO END THE TRAGIC CYCLE OF ILLITERACY AND ITS CORRELATION WITH UNEMPLOYMENT, POVERTY, AND ACCOMPANYING SOCIAL ILLS. READ LAKELAND RECRUITS, TRAINS, MATCHES AND SUPPORTS VOLUNTEERS WHO WOULD LIKE TO TUTOR ADULTS IN NEED OF LITERACY SERVICES. READ LAKELAND TUTORING SERVICES INCLUDE BASIC ADULT LITERACY SUPPORT FOR ADULTS PREPARING TO ENTER A GED PROGRAM OR WANT TO IMPROVE LEARNING SKILLS THAT WILL HELP THEM GAIN ENTRY TO A HIGHER LEVEL LEARNING INSTITUTION, OR FOR THEIR PERSONAL IMPROVEMENT, AND ENGLISH AS A SECOND LANGUAGE (ESL). ALL OF OUR SERVICES ARE PROVIDED AT NO CHARGE TO THE LEARNER. WHILE MOST OF OUR TUTORING IS ONE-ON-ONE, WE HAVE SMALL GROUP TUTORING IN WRITING SKILLS AND ENGLISH CONVERSATION.$600$53,298
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
KATHRYN BONEYPresident-$0--
ANSLEY M FRESEVice Preside-$0--
ALI WRIGHTDirector-$0--
WHITNEY TROUTDirector-$0--
JAMES L PREVITETreasurer-$0--
KATHRYN M BONEYDirector-$0--
SUSAN TOADVINESecretary-$0--
IAN NANCEDirector-$0--
MELANIE MCDANIELDirector-$0--
CHRISTINE MURPHYDirector-$0--
BETHANY REYCRAFTDirector-$0--
TRACEY WILLIAMSDirector-$0--
Filing and Contact Details

Filer

Filer Name
Read Lakeland Inc
EIN
31-1467587
Address
1628 S FLORIDA AVE, LAKELAND, FL 33803

Signing Officer

Name
Kathryn Boney
Title
President
Signed
2015-10-21
Discuss with paid preparer
Yes

Preparer

Firm
Hamic Jones Hamic & Sturwold Pa
Address
1905 S FLORIDA AVE, LAKELAND, FL 33803
Preparer
James L Previte
Phone
8636825151
Supplemental Narrative

Additional Explanations

Form 990-ez, Part I, Line 16

Expenses advertising 962 office expense 2,186 bank charges 30 kiss the pig expenses 2,230 taxes & licenses 2,333 telephone 708 tutor training 4,298 tutor materials 6,717 dues & subscriptions 198 computer & internet expense 306 insurance 1,676 non-investment depreciation 916 total 22,560

Form 990-ez, Part II, Line 24

Prepaid expenses and deferred charges 0 100 1,761 3,290 less accumulated depreciation 794 1,710 total 967 1,680

Form 990-ez, Part II, Line 26

Accounts payable and accrued expenses 0 1,247

Form 990-ez, Part III

Read lakeland, inc. Is a nonprofit 501(c)(3) organization dedicated to teaching basic literacy skills that include, reading, writing, math and english language skills to adults who are low literate or speakers of other languages. Established in 1995 by volunteers as a community-based organization to promote adult literacy, read lakeland has provided one-on- one and small group tutoring services to hundreds of adults in lakeland and surrounding areas. Read lakeland is dedicated to improving the quality of life in the community through teaching basic literacy skills to adult nonreaders and promoting adult and family literacy.

Form 990-ez, Part III, Line 28

For all adults with low literacy skills and who are willing to put forth the effort to learn, we provide a means to end the tragic cycle of illiteracy and its correlation with unemployment, poverty, and accompanying social ills. Read lakeland recruits, trains, matches and supports volunteers who would like to tutor adults in need of literacy services. Read lakeland tutoring services include basic adult literacy support for adults preparing to enter a ged program or want to improve learning skills that will help them gain entry to a higher level learning institution, or for their personal improvement, and english as a second language (esl). All of our services are provided at no charge to the learner. While most of our tutoring is one-on-one, we have small group tutoring in writing skills and english conversation.

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IRS990EZ/PrimaryExemptPurposeTxt0READ LAKELAND, INC. IS A NONPROFIT 501(C)(3) ORGANIZATION DEDICATED TO TEACHING BASIC LITERACY SKILLS THAT INCLUDE, READING, WRITING, MATH AND ENGLISH LANGUAGE SKILLS TO ADULTS WHO ARE LOW LITERATE OR SPEAKERS OF OTHER LANGUAGES. ESTABLISHED IN 1995 BY VOLUNTEERS AS A COMMUNITY-BASED ORGANIZATION TO PROMOTE ADULT LITERACY, READ LAKELAND HAS PROVIDED ONE-ON- ONE AND SMALL GROUP TUTORING SERVICES TO HUNDREDS OF ADULTS IN LAKELAND AND SURROUNDING AREAS. READ LAKELAND IS DEDICATED TO IMPROVING THE QUALITY OF LIFE IN THE COMMUNITY THROUGH TEACHING BASIC LITERACY SKILLS TO ADULT NONREADERS AND PROMOTING ADULT AND FAMILY LITERACY.
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0EXPENSES ADVERTISING 962 OFFICE EXPENSE 2,186 BANK CHARGES 30 KISS THE PIG EXPENSES 2,230 TAXES & LICENSES 2,333 TELEPHONE 708 TUTOR TRAINING 4,298 TUTOR MATERIALS 6,717 DUES & SUBSCRIPTIONS 198 COMPUTER & INTERNET EXPENSE 306 INSURANCE 1,676 NON-INVESTMENT DEPRECIATION 916 TOTAL 22,560
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1PREPAID EXPENSES AND DEFERRED CHARGES 0 100 1,761 3,290 LESS ACCUMULATED DEPRECIATION 794 1,710 TOTAL 967 1,680
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2ACCOUNTS PAYABLE AND ACCRUED EXPENSES 0 1,247
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3READ LAKELAND, INC. IS A NONPROFIT 501(C)(3) ORGANIZATION DEDICATED TO TEACHING BASIC LITERACY SKILLS THAT INCLUDE, READING, WRITING, MATH AND ENGLISH LANGUAGE SKILLS TO ADULTS WHO ARE LOW LITERATE OR SPEAKERS OF OTHER LANGUAGES. ESTABLISHED IN 1995 BY VOLUNTEERS AS A COMMUNITY-BASED ORGANIZATION TO PROMOTE ADULT LITERACY, READ LAKELAND HAS PROVIDED ONE-ON- ONE AND SMALL GROUP TUTORING SERVICES TO HUNDREDS OF ADULTS IN LAKELAND AND SURROUNDING AREAS. READ LAKELAND IS DEDICATED TO IMPROVING THE QUALITY OF LIFE IN THE COMMUNITY THROUGH TEACHING BASIC LITERACY SKILLS TO ADULT NONREADERS AND PROMOTING ADULT AND FAMILY LITERACY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4FOR ALL ADULTS WITH LOW LITERACY SKILLS AND WHO ARE WILLING TO PUT FORTH THE EFFORT TO LEARN, WE PROVIDE A MEANS TO END THE TRAGIC CYCLE OF ILLITERACY AND ITS CORRELATION WITH UNEMPLOYMENT, POVERTY, AND ACCOMPANYING SOCIAL ILLS. READ LAKELAND RECRUITS, TRAINS, MATCHES AND SUPPORTS VOLUNTEERS WHO WOULD LIKE TO TUTOR ADULTS IN NEED OF LITERACY SERVICES. READ LAKELAND TUTORING SERVICES INCLUDE BASIC ADULT LITERACY SUPPORT FOR ADULTS PREPARING TO ENTER A GED PROGRAM OR WANT TO IMPROVE LEARNING SKILLS THAT WILL HELP THEM GAIN ENTRY TO A HIGHER LEVEL LEARNING INSTITUTION, OR FOR THEIR PERSONAL IMPROVEMENT, AND ENGLISH AS A SECOND LANGUAGE (ESL). ALL OF OUR SERVICES ARE PROVIDED AT NO CHARGE TO THE LEARNER. WHILE MOST OF OUR TUTORING IS ONE-ON-ONE, WE HAVE SMALL GROUP TUTORING IN WRITING SKILLS AND ENGLISH CONVERSATION.
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
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990-EZ, PART III, LINE 28
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ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt01905 S FLORIDA AVE
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0LAKELAND
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0FL
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd033803
ReturnHeader/PreparerPersonGrp/PhoneNum08636825151
ReturnHeader/PreparerPersonGrp/PreparationDt02015-11-04
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0JAMES L PREVITE
ReturnHeader/ReturnTs02015-11-04T09:04:17-06:00
ReturnHeader/ReturnTypeCd0990EZ
ReturnHeader/TaxPeriodBeginDt02014-04-01
ReturnHeader/TaxPeriodEndDt02015-03-31
ReturnHeader/TaxYr02014

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