Liabilities / Assets
74th percentile
Higher debt load relative to assets than 74% of similar nonprofits.
EIN 35-1823402 • 501(c)3 • Fort Wayne, IN
Profile
Allen county education partnership, inc. Is dedicated to improving academic achievement for youth through business, community, and education partnerships.
Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.
Liabilities / Assets
74th percentile
Higher debt load relative to assets than 74% of similar nonprofits.
Liabilities / Revenue
76th percentile
Higher debt load relative to revenue than 76% of similar nonprofits.
Net Margin
78th percentile
Higher net margin than 78% of similar nonprofits.
Top Officer Pay
Score unavailable
No filing with officer rows is available for this organization yet.
Asset Growth
84th percentile
Faster asset growth than 84% of similar nonprofits.
Revenue Growth
79th percentile
Faster revenue growth than 79% of similar nonprofits.
Assets
Up$153,840
Up $41,388 (+37%) from 2020
Liabilities
Down$7,461
Down $18,019 (-71%) from 2020
Net Assets
Up$146,379
Up $59,407 (+68%) from 2020
Revenue
Up$217,435
Up $52,038 (+31%) from 2020
Expenses
Up$164,630
Up $5,598 (+3.5%) from 2020
Net Income
Up$52,805
Up $46,440 (+730%) from 2020
Most recent year
2021 • Form 990Detailed filing. Detailed filing data is available for this year.
Project reads helps students in first to third grade make progress to achieve grade level reading.
| Line | Beginning | End | Change |
|---|---|---|---|
| Assets | |||
| Cash and Non-Interest-Bearing Accounts | $55,738 | $100,866 | ▲ $45,128 |
| Investments Other Securities | $18,905 | $25,043 | ▲ $6,138 |
| Inventories for Sale or Use | $15,247 | $16,039 | ▲ $792 |
| Land, Buildings, and Equipment, Net | $11,279 | $7,954 | ▼ $3,325 |
| Savings and Temporary Cash Investments | $9,811 | $2,920 | ▼ $6,891 |
| Prepaid Expenses and Deferred Charges | $1,002 | $1,018 | ▲ $16 |
| Accounts Receivable | $470 | - | - |
| Total Assets | $112,452 | $153,840 | ▲ $41,388 |
| Liabilities | |||
| Accounts Payable and Accrued Expenses | $25,480 | $7,461 | ▼ $18,019 |
| Total Liabilities | $25,480 | $7,461 | ▼ $18,019 |
| Net Assets / Fund Balance | |||
| Net Assets Without Donor Restrictions | $63,214 | $121,836 | ▲ $58,622 |
| Net Assets With Donor Restrictions | $23,758 | $24,543 | ▲ $785 |
| Total Net Assets Fund Balance | $86,972 | $146,379 | ▲ $59,407 |
| Total Liabilities and Net Assets / Fund Balance | $112,452 | $153,840 | ▲ $41,388 |
| Asset | Book Value | Depreciation | Basis |
|---|---|---|---|
| Equipment | $7,954 | $53,116 | $61,070 |
| Other Securities | $25,043 | - | - |
| Period | Beginning | Contrib. | Gain/Loss | Other Uses | End |
|---|---|---|---|---|---|
| 2020 | $31,377 | - | ▲ $7,189 | $13,370 | $25,043 |
| 2019 | $32,778 | - | ▼ $377 | $905 | $31,377 |
| 2018 | $33,184 | - | ▲ $652 | $921 | $32,778 |
| 2017 | $32,151 | - | ▲ $2,093 | $924 | $33,184 |
| 2016 | $31,352 | - | ▲ $1,875 | $925 | $32,151 |
| Name | Title | Full / Part Time | Base | Total |
|---|---|---|---|---|
| Deshawn Wert | Executive Di | PT | $28,312 | $28,312 |
| Name | Title |
|---|---|
| Rebekah Thomas | President |
| Amy Lesson | Director |
| Gloria Shamanoff | Director |
| Isabel Nunez | Director |
| Jamie Shenk | Director |
| Jennifer Mable | Director |
| Jennifer Sprague | Director |
| Nancy Foutch | Director |
| Tamesha Fikes | Director |
| Molly Rommel | Secretary |
| Shawn Sollenberger | Treasurer |
| Marilyn Hissong | Vice Preside |
| Line Item | Amount |
|---|---|
| Salaries, Compensation, and Employee Benefits | $109,710 |
| Other Expenses | $54,920 |
| Total Fundraising Expense | $18,207 |
| Grants and Similar Amounts Paid | $0 |
| Professional Fundraising Fees | $0 |
| Line Item | Program | Management | Fundraising | Total |
|---|---|---|---|---|
| Other Salaries and Wages | $66,592 | $3,663 | $2,991 | $73,246 |
| Current Officers, Directors, Trustees, and Key Employees | $13,300 | $5,377 | $9,621 | $28,298 |
| Occupancy | $13,453 | $3,561 | - | $17,014 |
| Fees for Services Accounting | - | $8,300 | - | $8,300 |
| Payroll Taxes | $4,850 | $2,533 | $637 | $8,020 |
| Insurance | $4,228 | $3,299 | - | $7,527 |
| Fees for Services Other | $853 | $1,167 | $3,630 | $5,650 |
| Office Expenses | $569 | $3,646 | $1,328 | $5,543 |
| Depreciation Depletion | $1,662 | $1,663 | - | $3,325 |
| Other Expenses | $381 | $21 | - | $381 |
| Travel | $379 | - | - | $379 |
| Fees for Service Investment Mgmnt Fees | - | $153 | - | $153 |
| Other Employee Benefits | - | $146 | - | $146 |
| Total Functional Expenses | $112,894 | $33,529 | $18,207 | $164,630 |
| Line Item | Amount |
|---|---|
| Total Expenses per Form 990 | $164,630 |
| Expenses per Audited Statements | $164,477 |
| Total Expenses per Audited Statements | $164,477 |
| Expenses Not Reported on Financial Statements | $153 |
| Line Item | Amount |
|---|---|
| Professional Fundraising Fees | $0 |
“Depending on the timing of the meetings and the receipt of form 990, it is either reviewed by the finance committee and/or the executive committee.”
“A copy of the conflict of interest policy is given to all board members, employees and volunteers or other key stakeholders upon commencement of such person's relationship with acep or at the official adoption of such policy. Each board member, officer, employee, and volunteer shall sign and date a disclosure form at the beginning of his/her term of service or employment and each year thereafter. Failure of anyone to sign does not nullify the policy. Following full disclosure of a possible conflict of interest, the board of directors shall determine whether a conflict of interest exists and, if so the board shall vote to authorize or reject the transaction or take other action deemed necessary to address the conflict and protect the acep's best interest. Both votes shall be by a majority vote without counting the vote of any interested director, even if the disinterested directors are less than a quorum provided that at least one consenting director is disinterested.”
“The executive director's salary is reviewed and determined by the hr committee and/or executive committee.”
“The organization's irs form 990 for the past three years is available at www.guidestar.org.”
“Governing documents, conflict of interest policy and financial statements are made available upon request.”
“Project reads is a one-to-one literacy tutoring program in which nearly 100 volunteer mentors meet once a week from september to may to help striving young readers develop and improve their literacy skills. Students meet with the same mentor every week, allowing them to become comfortable with the program and build a relationship with the mentor. This not only promotes regular participation, but also allows the literacy mentor to better understand the child and his or her skills and thereby tailor the tutoring to each specific child. Project reads was founded in 1991 to promote a literate and skilled citizenry and to support the area's public schools in their efforts to accomplish this goal. With over 25 years of experience in promoting literacy in our commnity, we are successfully flexing to this new normal in in the post-pandemic environment. We are preparing a contingenty plan for 70% in classroom and 30% online literacy mentoring in the upcoming school year. There are representatives from local school districts on our board of directors who are offering guidance as we tailor our programming to the needs of each school district and elementary school. Project reads is the only literacy program in northeast indiana that is working closely with school superintendents to improve literacy levels on a one-to-one basis. Due to covid-19 and the inability to mentor children in person, project reads introduced caribu to area families. Caribu is an online interactive literacy program that allows parents, grandparents and volunteers to provide literacy support to young readers, even at a distance. Described as "facetime meets kindle," caribu's library includes over 1,500 books. This service will be provided to project reads families at no cost. This online alternative allows our mentors to have meaningful relationships with the children they mentor while remaining safe at home. Project reads anticipates that we will return to normal site-based volunteer programming this fall. During 2021 project reads served 57 children with the help of 50 volunteers.”
“Promote the mission of the project reads.”
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/ActivityOrMissionDesc | 0 | PROJECT READS HELPS STUDENTS IN FIRST TO THIRD GRADE MAKE PROGRESS TO ACHIEVE GRADE LEVEL READING. |
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| IRS990/Desc | 0 | PROJECT READS IS A ONE-TO-ONE LITERACY TUTORING PROGRAM IN WHICH NEARLY 100 VOLUNTEER MENTORS MEET ONCE A WEEK FROM SEPTEMBER TO MAY TO HELP STRIVING YOUNG READERS DEVELOP AND IMPROVE THEIR LITERACY SKILLS. STUDENTS MEET WITH THE SAME MENTOR EVERY WEEK, ALLOWING THEM TO BECOME COMFORTABLE WITH THE PROGRAM AND BUILD A RELATIONSHIP WITH THE MENTOR. THIS NOT ONLY PROMOTES REGULAR PARTICIPATION, BUT ALSO ALLOWS THE LITERACY MENTOR TO BETTER UNDERSTAND THE CHILD AND HIS OR HER SKILLS AND THEREBY TAILOR THE TUTORING TO EACH SPECIFIC CHILD. PROJECT READS WAS FOUNDED IN 1991 TO PROMOTE A LITERATE AND SKILLED CITIZENRY AND TO SUPPORT THE AREA'S PUBLIC SCHOOLS IN THEIR EFFORTS TO ACCOMPLISH THIS GOAL. WITH OVER 25 YEARS OF EXPERIENCE IN PROMOTING LITERACY IN OUR COMMNITY, WE ARE SUCCESSFULLY FLEXING TO THIS NEW NORMAL IN IN THE POST-PANDEMIC ENVIRONMENT. WE ARE PREPARING A CONTINGENTY PLAN FOR 70% IN CLASSROOM AND 30% ONLINE LITERACY MENTORING IN THE UPCOMING SCHOOL YEAR. THERE ARE REPRESENTATIVES FROM LOCAL SCHOOL DISTRICTS ON OUR BOARD OF DIRECTORS WHO ARE OFFERING GUIDANCE AS WE TAILOR OUR PROGRAMMING TO THE NEEDS OF EACH SCHOOL DISTRICT AND ELEMENTARY SCHOOL. PROJECT READS IS THE ONLY LITERACY PROGRAM IN NORTHEAST INDIANA THAT IS WORKING CLOSELY WITH SCHOOL SUPERINTENDENTS TO IMPROVE LITERACY LEVELS ON A ONE-TO-ONE BASIS. DUE TO COVID-19 AND THE INABILITY TO MENTOR CHILDREN IN PERSON, PROJECT READS INTRODUCED CARIBU TO AREA FAMILIES. CARIBU IS AN ONLINE INTERACTIVE LITERACY PROGRAM THAT ALLOWS PARENTS, GRANDPARENTS AND VOLUNTEERS TO PROVIDE LITERACY SUPPORT TO YOUNG READERS, EVEN AT A DISTANCE. DESCRIBED AS "FACETIME MEETS KINDLE," CARIBU'S LIBRARY INCLUDES OVER 1,500 BOOKS. THIS SERVICE WILL BE PROVIDED TO PROJECT READS FAMILIES AT NO COST. THIS ONLINE ALTERNATIVE ALLOWS OUR MENTORS TO HAVE MEANINGFUL RELATIONSHIPS WITH THE CHILDREN THEY MENTOR WHILE REMAINING SAFE AT HOME. PROJECT READS ANTICIPATES THAT WE WILL RETURN TO NORMAL SITE-BASED VOLUNTEER PROGRAMMING THIS FALL. DURING 2021 PROJECT READS SERVED 57 CHILDREN WITH THE HELP OF 50 VOLUNTEERS. |
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| IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt | 0 | PROMOTE THE MISSION OF THE PROJECT READS. |
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| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 0 | PROJECT READS IS A ONE-TO-ONE LITERACY TUTORING PROGRAM IN WHICH NEARLY 100 VOLUNTEER MENTORS MEET ONCE A WEEK FROM SEPTEMBER TO MAY TO HELP STRIVING YOUNG READERS DEVELOP AND IMPROVE THEIR LITERACY SKILLS. STUDENTS MEET WITH THE SAME MENTOR EVERY WEEK, ALLOWING THEM TO BECOME COMFORTABLE WITH THE PROGRAM AND BUILD A RELATIONSHIP WITH THE MENTOR. THIS NOT ONLY PROMOTES REGULAR PARTICIPATION, BUT ALSO ALLOWS THE LITERACY MENTOR TO BETTER UNDERSTAND THE CHILD AND HIS OR HER SKILLS AND THEREBY TAILOR THE TUTORING TO EACH SPECIFIC CHILD. PROJECT READS WAS FOUNDED IN 1991 TO PROMOTE A LITERATE AND SKILLED CITIZENRY AND TO SUPPORT THE AREA'S PUBLIC SCHOOLS IN THEIR EFFORTS TO ACCOMPLISH THIS GOAL. WITH OVER 25 YEARS OF EXPERIENCE IN PROMOTING LITERACY IN OUR COMMNITY, WE ARE SUCCESSFULLY FLEXING TO THIS NEW NORMAL IN IN THE POST-PANDEMIC ENVIRONMENT. WE ARE PREPARING A CONTINGENTY PLAN FOR 70% IN CLASSROOM AND 30% ONLINE LITERACY MENTORING IN THE UPCOMING SCHOOL YEAR. THERE ARE REPRESENTATIVES FROM LOCAL SCHOOL DISTRICTS ON OUR BOARD OF DIRECTORS WHO ARE OFFERING GUIDANCE AS WE TAILOR OUR PROGRAMMING TO THE NEEDS OF EACH SCHOOL DISTRICT AND ELEMENTARY SCHOOL. PROJECT READS IS THE ONLY LITERACY PROGRAM IN NORTHEAST INDIANA THAT IS WORKING CLOSELY WITH SCHOOL SUPERINTENDENTS TO IMPROVE LITERACY LEVELS ON A ONE-TO-ONE BASIS. DUE TO COVID-19 AND THE INABILITY TO MENTOR CHILDREN IN PERSON, PROJECT READS INTRODUCED CARIBU TO AREA FAMILIES. CARIBU IS AN ONLINE INTERACTIVE LITERACY PROGRAM THAT ALLOWS PARENTS, GRANDPARENTS AND VOLUNTEERS TO PROVIDE LITERACY SUPPORT TO YOUNG READERS, EVEN AT A DISTANCE. DESCRIBED AS "FACETIME MEETS KINDLE," CARIBU'S LIBRARY INCLUDES OVER 1,500 BOOKS. THIS SERVICE WILL BE PROVIDED TO PROJECT READS FAMILIES AT NO COST. THIS ONLINE ALTERNATIVE ALLOWS OUR MENTORS TO HAVE MEANINGFUL RELATIONSHIPS WITH THE CHILDREN THEY MENTOR WHILE REMAINING SAFE AT HOME. PROJECT READS ANTICIPATES THAT WE WILL RETURN TO NORMAL SITE-BASED VOLUNTEER PROGRAMMING THIS FALL. DURING 2021 PROJECT READS SERVED 57 CHILDREN WITH THE HELP OF 50 VOLUNTEERS. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 1 | DEPENDING ON THE TIMING OF THE MEETINGS AND THE RECEIPT OF FORM 990, IT IS EITHER REVIEWED BY THE FINANCE COMMITTEE AND/OR THE EXECUTIVE COMMITTEE. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 2 | A COPY OF THE CONFLICT OF INTEREST POLICY IS GIVEN TO ALL BOARD MEMBERS, EMPLOYEES AND VOLUNTEERS OR OTHER KEY STAKEHOLDERS UPON COMMENCEMENT OF SUCH PERSON'S RELATIONSHIP WITH ACEP OR AT THE OFFICIAL ADOPTION OF SUCH POLICY. EACH BOARD MEMBER, OFFICER, EMPLOYEE, AND VOLUNTEER SHALL SIGN AND DATE A DISCLOSURE FORM AT THE BEGINNING OF HIS/HER TERM OF SERVICE OR EMPLOYMENT AND EACH YEAR THEREAFTER. FAILURE OF ANYONE TO SIGN DOES NOT NULLIFY THE POLICY. FOLLOWING FULL DISCLOSURE OF A POSSIBLE CONFLICT OF INTEREST, THE BOARD OF DIRECTORS SHALL DETERMINE WHETHER A CONFLICT OF INTEREST EXISTS AND, IF SO THE BOARD SHALL VOTE TO AUTHORIZE OR REJECT THE TRANSACTION OR TAKE OTHER ACTION DEEMED NECESSARY TO ADDRESS THE CONFLICT AND PROTECT THE ACEP'S BEST INTEREST. BOTH VOTES SHALL BE BY A MAJORITY VOTE WITHOUT COUNTING THE VOTE OF ANY INTERESTED DIRECTOR, EVEN IF THE DISINTERESTED DIRECTORS ARE LESS THAN A QUORUM PROVIDED THAT AT LEAST ONE CONSENTING DIRECTOR IS DISINTERESTED. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 3 | THE EXECUTIVE DIRECTOR'S SALARY IS REVIEWED AND DETERMINED BY THE HR COMMITTEE AND/OR EXECUTIVE COMMITTEE. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 4 | THE ORGANIZATION'S IRS FORM 990 FOR THE PAST THREE YEARS IS AVAILABLE AT WWW.GUIDESTAR.ORG. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 5 | GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS ARE MADE AVAILABLE UPON REQUEST. |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 0 | FORM 990, PAGE 2, PART III, LINE 4A |
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