Civic Intelligence

Future of Reading

EIN 37-1977795 • 501(c)3 • Los Altos, CA

Profile

To assist students of all grade levels with reading and writing skills.

50 Oak StreetLos Altos, CA 94022

n/A

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

59th percentile

0.00x

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

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

Liabilities / Revenue

61st percentile

0.00x

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

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

Net Margin

77th percentile

23%

Higher net margin than 77% of similar nonprofits.

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

Top Officer Pay

84th percentile

$0

Higher top officer pay than 84% of similar nonprofits.

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

501(c)3 • <$500k nonprofits • Source year 2022

Asset Growth

88th percentile

57%

Faster asset growth than 88% of similar nonprofits.

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

Revenue Growth

90th percentile

79%

Faster revenue growth than 90% of similar nonprofits.

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

Balance Sheet
Liabilities / Assets59th percentile

Using 2023 Form 990EZ data because the latest 2024 filing does not report standard financial totals.

Assets

Up

$90,120

Up $32,757 (+57%) from 2022

Liabilities

Down

$0

Down $604 (-100%) from 2022

Net Assets

-

No earlier filing loaded for comparison.

Operations
Liabilities / Revenue61st percentileNet Margin77th percentile

Revenue

Up

$144,602

Up $63,692 (+79%) from 2022

Expenses

Up

$111,241

Up $29,191 (+36%) from 2022

Net Income

Up

$33,361

Up $34,501 (+3026%) from 2022

Trend Graphs

Balance Sheet Trend

Asset Growth88th percentile

Grouped bars show assets, liabilities, and net assets across loaded filings.

$100K$50K$0Assets 2021: $58,899Liabilities 2021: $1,000Net Assets 2021: $57,8992021Assets 2022: $57,363Liabilities 2022: $604Net Assets 2022: $56,7592022Assets 2023: $90,120Liabilities 2023: $02023

Latest loaded filing

2023

Assets$90,120
Liabilities$0
Net Assets-
Open 2023 Filing

Operations Trend

Revenue Growth90th percentile

Revenue, expenses, and net income by year, with the latest filing highlighted.

$150K$100K$50K$0-$50KRevenue 2021: $52,905Expenses 2021: $21,006Net Income 2021: $31,8992021Revenue 2022: $80,910Expenses 2022: $82,050Net Income 2022: -$1,1402022Revenue 2023: $144,602Expenses 2023: $111,241Net Income 2023: $33,3612023

Latest loaded filing

2023

Revenue$144,602
Expenses$111,241
Net Income$33,361
Open 2023 Filing

Filings

Most recent year

2024 • Form 990EZXML pending. An XML filing is linked for this year, but detailed extraction is still pending.

Open filing
Assets
-
Liabilities
-
Net assets
-
Revenue
-
Expenses
-
Net income
-
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024XML pending. An XML filing is linked for this year, but detailed extraction is still pending.
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.90$0.00$1.45$1.11$0.33
2022Detailed filing. Detailed filing data is available for this year.$0.57$0.01$0.57$0.81$0.82$0.01
2021Detailed filing. Detailed filing data is available for this year.$0.59$0.01$0.58$0.53$0.21$0.32
Latest Detailed Filing

The latest 2024 filing currently has linked XML that has not been fully parsed yet. Showing the latest detailed filing from 2022 below.

Jump To
Filing Snapshot
Filing Period
Jan 1, 2022 to Dec 31, 2022
Signed
Sep 1, 2023
Return Version
2022v5.0
Gross Receipts
$80,910
Mission and Program Overview

Mission

To assist students of all grade levels with reading and writing skills.

Program Services

DescriptionGrantsExpenses
TO PROVIDE EDUCATIONAL SERVICES TO IMPROVE READING AND WRITING SKILLS FOR K-12 STUDENTS.-$74,371
Compensation and Service Providers
Top Officer Pay84th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
JAMES CONNORPresidentPT$0--
VIVIAN MENDOZASec/TreasPT$0--
DON ROSSDirectorPT$0--
MANTHI NGUYENDirectorPT$0--
Filing and Contact Details

Filer

Filer Name
Future of Reading
EIN
37-1977795
Phone
4155188874
Address
50 OAK STREET, LOS ALTOS, CA 94022

Signing Officer

Name
James Connor
Title
President
Signed
2023-09-01
Discuss with paid preparer
Yes

Preparer

Firm
Storek Carlson & Strutz Llp
Address
900 E HAMILTON AVE STE 450, CAMPBELL, CA 95008
Preparer
Crystal Tang
Phone
6509615520
Supplemental Narrative

Additional Explanations

Other Revenue.1

“Direct cost reimbursement $300”

Other Expenses.1002

“Office Expenses $444”

Other Expenses.1012

“Insurance $155”

Other Expenses.1

“Contract tutors, sup. Teacher $39247”

Other Expenses.2

“CONTRACT TEACHERS $10448”

Other Expenses.3

“Reading program onsite service $1906”

Other Expenses.4

“HEALTH INSURANCE $1720”

Other Expenses.5

“Placements/reading assessments $1600”

Other Expenses.6

“Travel to school sites $980”

Other Expenses.7

“Bank & credit card fees $463”

Other Expenses.8

“PAYROLL PROCESSING $104”

Other Expenses.9

“REGISTRATION FEES $75”

Total Liabilities.1001

“Accounts Payable and Accrued Expenses - Beginning $1000 Accounts Payable and Accrued Expenses - Ending $604”

Statement Note 1

“THE ORGANIZATION CHANGED ITS NAME FROM "LEARN TO READ" TO "FUTURE OF READING" WITH THE CALIFORNIA SECRETARY OF STATE on 11/18/22. CERTIFICATE OF AMENDMENT IS ATTACHED.”

Raw XML Appendix178 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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IRS990EZ/BooksInCareOfDetail/PersonNm0JAMES CONNOR
IRS990EZ/BooksInCareOfDetail/PhoneNum04155188874
IRS990EZ/BooksInCareOfDetail/USAddress/AddressLine1Txt050 OAK STREET
IRS990EZ/BooksInCareOfDetail/USAddress/CityNm0LOS ALTOS
IRS990EZ/BooksInCareOfDetail/USAddress/StateAbbreviationCd0CA
IRS990EZ/BooksInCareOfDetail/USAddress/ZIPCd0940222266
IRS990EZ/CashSavingsAndInvestmentsGrp/BOYAmt058899
IRS990EZ/CashSavingsAndInvestmentsGrp/EOYAmt057363
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IRS990EZ/ContributionsGiftsGrantsEtcAmt035150
IRS990EZ/CostOfGoodsSoldAmt00
IRS990EZ/CostOrOtherBasisExpenseSaleAmt00
IRS990EZ/DonorAdvisedFndsInd0false
IRS990EZ/EngagedInExcessBenefitTransInd0false
IRS990EZ/ExcessOrDeficitForYearAmt0-1140
IRS990EZ/FeesAndOtherPymtToIndCntrctAmt050
IRS990EZ/FiledScheduleAInd0true
IRS990EZ/ForeignFinancialAccountInd0false
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IRS990EZ/Form990TotalAssetsGrp/BOYAmt058899
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IRS990EZ/FundraisingGrossIncomeAmt00
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IRS990EZ/InfoInScheduleOPartIIInd0X
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IRS990EZ/LobbyingActivitiesInd0false
IRS990EZ/MadeLoansToFromOfficersInd0false
IRS990EZ/MethodOfAccountingCashInd0X
IRS990EZ/NameChangeInd0X
IRS990EZ/NetAssetsOrFundBalancesBOYAmt057899
IRS990EZ/NetAssetsOrFundBalancesEOYAmt056759
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IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt010.00
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IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt10
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt20
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt30
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm0JAMES CONNOR
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm1VIVIAN MENDOZA
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm2DON ROSS
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm3MANTHI NGUYEN
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt0President
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt1Sec/Treas
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt2Director
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt3Director
IRS990EZ/OperateHospitalInd0false
IRS990EZ/Organization501c3Ind0X
IRS990EZ/OrganizationDissolvedEtcInd0false
IRS990EZ/OrganizationHadUBIInd0false
IRS990EZ/OtherExpensesTotalAmt057142
IRS990EZ/OtherRevenueTotalAmt0300
IRS990EZ/PartVIHghstPdCntrctProfSrvcTxt0NONE
IRS990EZ/PartVIOfCompOfHghstPdEmplTxt0NONE
IRS990EZ/PoliticalCampaignActyInd0false
IRS990EZ/PrimaryExemptPurposeTxt0TO ASSIST STUDENTS OF ALL GRADE LEVELS WITH READING AND WRITING SKILLS.
IRS990EZ/PrintingPublicationsPostageAmt024
IRS990EZ/ProgramServiceRevenueAmt045460
IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt0TO PROVIDE EDUCATIONAL SERVICES TO IMPROVE READING AND WRITING SKILLS FOR K-12 STUDENTS.
IRS990EZ/ProgramSrvcAccomplishmentGrp/ProgramServiceExpensesAmt074371
IRS990EZ/ProhibitedTaxShelterTransInd0false
IRS990EZ/RelatedOrganizationCtrlEntInd0false
IRS990EZ/SalariesOtherCompEmplBnftAmt024834
IRS990EZ/ScheduleBNotRequiredInd0X
IRS990EZ/SchoolOperatingInd0false
IRS990EZ/SpecialEventsDirectExpensesAmt00
IRS990EZ/StatesWhereCopyOfReturnIsFldCd0CA
IRS990EZ/SubjectToProxyTaxInd0false
IRS990EZ/SumOfTotalLiabilitiesGrp/BOYAmt01000
IRS990EZ/SumOfTotalLiabilitiesGrp/EOYAmt0604
IRS990EZ/TanningServicesProvidedInd0false
IRS990EZ/TaxImposedOnOrganizationMgrAmt00
IRS990EZ/TaxImposedUnderIRC4911Amt00
IRS990EZ/TaxImposedUnderIRC4912Amt00
IRS990EZ/TaxImposedUnderIRC4955Amt00
IRS990EZ/TaxReimbursedByOrganizationAmt00
IRS990EZ/TotalExpensesAmt082050
IRS990EZ/TotalProgramServiceExpensesAmt074371
IRS990EZ/TotalRevenueAmt080910
IRS990EZ/TransactionWithControlEntInd0false
IRS990EZ/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990EZ/TypeOfOrganizationCorpInd0X
IRS990EZ/WebsiteAddressTxt0N/A
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/TotalAmt00
IRS990ScheduleA/First5Years509Ind0X
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearAmt035150
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus1YearAmt052905
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus2YearsAmt026000
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt0114055
IRS990ScheduleA/GovtFurnSrvcFcltsVl509Grp/TotalAmt00
IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt00
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt045460
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt045460
IRS990ScheduleA/GrossReceiptsNonUnrltBusGrp/TotalAmt00
IRS990ScheduleA/InvestmentIncomeCYPct00.00000
IRS990ScheduleA/NetIncomeFromOtherUBIGrp/TotalAmt00
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearAmt0300
IRS990ScheduleA/OtherIncome509Grp/TotalAmt0300
IRS990ScheduleA/Post1975UBTIGrp/TotalAmt00
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct00.00000
IRS990ScheduleA/PublicSupportTotal509Amt0159515
IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt00
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft509Grp/TotalAmt00
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt080610
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt052905
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt026000
IRS990ScheduleA/Total509Grp/TotalAmt0159515
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt080910
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt052905
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt026000
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt0159815
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0DIRECT COST REIMBURSEMENT $300
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1Office Expenses $444
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2Insurance $155
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3CONTRACT TUTORS, SUP. TEACHER $39247
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4CONTRACT TEACHERS $10448
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5READING PROGRAM ONSITE SERVICE $1906
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6HEALTH INSURANCE $1720
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7PLACEMENTS/READING ASSESSMENTS $1600
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt8TRAVEL TO SCHOOL SITES $980
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt9BANK & CREDIT CARD FEES $463
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt10PAYROLL PROCESSING $104
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt11REGISTRATION FEES $75
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt12Accounts Payable and Accrued Expenses - Beginning $1000 Accounts Payable and Accrued Expenses - Ending $604
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt13THE ORGANIZATION CHANGED ITS NAME FROM "LEARN TO READ" TO "FUTURE OF READING" WITH THE CALIFORNIA SECRETARY OF STATE on 11/18/22. CERTIFICATE OF AMENDMENT IS ATTACHED.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Other Revenue.1
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Other Expenses.1002
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Other Expenses.1012
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Other Expenses.1
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Other Expenses.2
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5Other Expenses.3
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6Other Expenses.4
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc7Other Expenses.5
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc8Other Expenses.6
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc9Other Expenses.7
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc10Other Expenses.8
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc11Other Expenses.9
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc12Total Liabilities.1001
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc13Statement Note 1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/AuthenticationAssuranceLevelCd0AAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/FederatedAssuranceLevelCd0FAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/IdentityAssuranceLevelCd0IAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/TrustedCustomerCd02
ReturnHeader/BuildTS02023-04-26 12:10:37Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0JAMES CONNOR
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0President
ReturnHeader/BusinessOfficerGrp/SignatureDt02023-09-01
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0FUTURE OF READING
ReturnHeader/Filer/BusinessNameControlTxt0FUTU
ReturnHeader/Filer/EIN0371977795
ReturnHeader/Filer/PhoneNum04155188874
ReturnHeader/Filer/USAddress/AddressLine1Txt050 OAK STREET
ReturnHeader/Filer/USAddress/CityNm0LOS ALTOS
ReturnHeader/Filer/USAddress/StateAbbreviationCd0CA
ReturnHeader/Filer/USAddress/ZIPCd094022
ReturnHeader/IRSResponsiblePrtyInfoCurrInd0true
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0943040933
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0STOREK CARLSON & STRUTZ LLP
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0900 E HAMILTON AVE STE 450
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0CAMPBELL
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0CA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd095008
ReturnHeader/PreparerPersonGrp/PhoneNum06509615520
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0CRYSTAL TANG
ReturnHeader/ReturnTs02023-09-01T14:08:30-07:00
ReturnHeader/ReturnTypeCd0990EZ
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0JAMES
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0CONNOR
ReturnHeader/TaxPeriodBeginDt02022-01-01
ReturnHeader/TaxPeriodEndDt02022-12-31
ReturnHeader/TaxYr02022

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Peer Organizations

Similar nonprofits based on the same Siviq industry and scale cohort. 501(c)3 • <$500k nonprofits