Civic Intelligence

Future of Reading

990EZ • Fiscal year 2023 • EIN 37-1977795

Jan 01, 2023 to Dec 31, 2023 • Filed on Sep 13, 2024

Organization ProfileN/A
50 Oak StreetLos Altos, CA 94022

(650) 938-3100

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

76th percentile

23%

Higher net margin than 76% of similar nonprofits.

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

Top Officer Pay

78th percentile

$0

Higher top officer pay than 78% of similar nonprofits.

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

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

Asset Growth

87th percentile

57%

Faster asset growth than 87% of similar nonprofits.

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

Revenue Growth

87th percentile

79%

Faster revenue growth than 87% of similar nonprofits.

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

Balance Sheet
Liabilities / Assets58th percentile

Assets

Up

$90,120

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

Net Assets

Up

$90,120

Up $33,361 (+59%) from 2022

Liabilities

Down

$0

Down $604 (-100%) from 2022

Revenue And Expenses
Liabilities / Revenue59th percentileNet Margin76th 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

Historical Trend

Balance Sheet Trend

Asset Growth87th percentile

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

$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: $0Net Assets 2023: $90,1202023

Highlighted filing

2023

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

Operations Trend

Revenue Growth87th percentile

Revenue, expenses, and net income across loaded years, with this 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

Highlighted filing

2023

Revenue$144,602
Expenses$111,241
Net Income$33,361
Open 2023 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2023 to Dec 31, 2023
Signed
Sep 13, 2024
Return Version
2023v5.1
Gross Receipts
$144,602
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.-$103,130
Compensation and Service Providers
Top Officer Pay78th 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
6509383100
Address
50 OAK STREET, LOS ALTOS, CA 94022

Signing Officer

Name
James Connor
Title
President
Signed
2024-09-13
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 Expenses.1002

“Office Expenses $855”

Other Expenses.1012

“Insurance $2396”

Other Expenses.1

“Contract tutors, sup. Teacher $14752”

Other Expenses.2

“HEALTH INSURANCE $4125”

Other Expenses.3

“Internet software/services $4008”

Other Expenses.4

“Web design services $2375”

Other Expenses.5

“Funding proposal prep $928”

Other Expenses.6

“PAYROLL PROCESSING $612”

Other Expenses.7

“REGISTRATION FEES $595”

Other Expenses.8

“Travel to school sites $448”

Other Expenses.9

“Reading program onsite service $197”

Other Expenses.10

“Bank & credit card fees $160”

Other Expenses.11

“Workers comp insurance $113”

Other Expenses.12

“DUES & SUBSCRIPTIONS $75”

Other Expenses.13

“GRANTS/CONTRIBUTIONS $72”

Other Assets.1005

“Accounts Receivable - Beginning $0 Accounts Receivable - Ending $1000”

Total Liabilities.1001

“Accounts Payable and Accrued Expenses - Beginning $604 Accounts Payable and Accrued Expenses - Ending $0”

Raw XML Appendix179 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/PersonNm0JAMES CONNOR
IRS990EZ/BooksInCareOfDetail/PhoneNum06509383100
IRS990EZ/BooksInCareOfDetail/USAddress/AddressLine1Txt050 OAK STREET
IRS990EZ/BooksInCareOfDetail/USAddress/CityNm0LOS ALTOS
IRS990EZ/BooksInCareOfDetail/USAddress/StateAbbreviationCd0CA
IRS990EZ/BooksInCareOfDetail/USAddress/ZIPCd0940222266
IRS990EZ/CashSavingsAndInvestmentsGrp/BOYAmt057363
IRS990EZ/CashSavingsAndInvestmentsGrp/EOYAmt089120
IRS990EZ/ChgMadeToOrgnzngDocNotRptInd0false
IRS990EZ/ContributionsGiftsGrantsEtcAmt0131257
IRS990EZ/CostOfGoodsSoldAmt00
IRS990EZ/CostOrOtherBasisExpenseSaleAmt00
IRS990EZ/DonorAdvisedFndsInd0false
IRS990EZ/EngagedInExcessBenefitTransInd0false
IRS990EZ/ExcessOrDeficitForYearAmt033361
IRS990EZ/FeesAndOtherPymtToIndCntrctAmt01045
IRS990EZ/FiledScheduleAInd0true
IRS990EZ/ForeignFinancialAccountInd0false
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IRS990EZ/Form1120PolFiledInd0false
IRS990EZ/Form990TotalAssetsGrp/BOYAmt057363
IRS990EZ/Form990TotalAssetsGrp/EOYAmt090120
IRS990EZ/FundraisingGrossIncomeAmt00
IRS990EZ/GrossReceiptsAmt0144602
IRS990EZ/InfoInScheduleOPartIIInd0X
IRS990EZ/InfoInScheduleOPartIInd0X
IRS990EZ/LobbyingActivitiesInd0false
IRS990EZ/MadeLoansToFromOfficersInd0false
IRS990EZ/MethodOfAccountingCashInd0X
IRS990EZ/NetAssetsOrFundBalancesBOYAmt056759
IRS990EZ/NetAssetsOrFundBalancesEOYAmt090120
IRS990EZ/NetAssetsOrFundBalancesGrp/BOYAmt056759
IRS990EZ/NetAssetsOrFundBalancesGrp/EOYAmt090120
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt010.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt110.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt25.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt35.00
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/OtherAssetsTotalDetail/EOYAmt01000
IRS990EZ/OtherExpensesTotalAmt031711
IRS990EZ/PartVIHghstPdCntrctProfSrvcTxt0NONE
IRS990EZ/PartVIOfCompOfHghstPdEmplTxt0NONE
IRS990EZ/PoliticalCampaignActyInd0false
IRS990EZ/PrimaryExemptPurposeTxt0TO ASSIST STUDENTS OF ALL GRADE LEVELS WITH READING AND WRITING SKILLS.
IRS990EZ/ProgramServiceRevenueAmt013345
IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt0TO PROVIDE EDUCATIONAL SERVICES TO IMPROVE READING AND WRITING SKILLS FOR K-12 STUDENTS.
IRS990EZ/ProgramSrvcAccomplishmentGrp/ProgramServiceExpensesAmt0103130
IRS990EZ/ProhibitedTaxShelterTransInd0false
IRS990EZ/RelatedOrganizationCtrlEntInd0false
IRS990EZ/SalariesOtherCompEmplBnftAmt078485
IRS990EZ/ScheduleBNotRequiredInd0X
IRS990EZ/SchoolOperatingInd0false
IRS990EZ/SpecialEventsDirectExpensesAmt00
IRS990EZ/StatesWhereCopyOfReturnIsFldCd0CA
IRS990EZ/SubjectToProxyTaxInd0false
IRS990EZ/SumOfTotalLiabilitiesGrp/BOYAmt0604
IRS990EZ/TanningServicesProvidedInd0false
IRS990EZ/TaxImposedOnOrganizationMgrAmt00
IRS990EZ/TaxImposedUnderIRC4911Amt00
IRS990EZ/TaxImposedUnderIRC4912Amt00
IRS990EZ/TaxImposedUnderIRC4955Amt00
IRS990EZ/TaxReimbursedByOrganizationAmt00
IRS990EZ/TotalExpensesAmt0111241
IRS990EZ/TotalProgramServiceExpensesAmt0103130
IRS990EZ/TotalRevenueAmt0144602
IRS990EZ/TransactionWithControlEntInd0false
IRS990EZ/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990EZ/TypeOfOrganizationCorpInd0X
IRS990EZ/WebsiteAddressTxt0N/A
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/TotalAmt00
IRS990ScheduleA/First5Years509Ind0X
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearAmt0131257
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus1YearAmt035150
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus2YearsAmt052905
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus3YearsAmt026000
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt0245312
IRS990ScheduleA/GovtFurnSrvcFcltsVl509Grp/TotalAmt00
IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt00
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt013346
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt045460
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt058806
IRS990ScheduleA/GrossReceiptsNonUnrltBusGrp/TotalAmt00
IRS990ScheduleA/InvestmentIncomeCYPct00.00000
IRS990ScheduleA/NetIncomeFromOtherUBIGrp/TotalAmt00
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus1YearAmt0300
IRS990ScheduleA/OtherIncome509Grp/TotalAmt0300
IRS990ScheduleA/Post1975UBTIGrp/TotalAmt00
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct00.00000
IRS990ScheduleA/PublicSupportTotal509Amt0304118
IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt00
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft509Grp/TotalAmt00
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt0144603
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt080610
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt052905
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt026000
IRS990ScheduleA/Total509Grp/TotalAmt0304118
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt0144603
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt080910
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt052905
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt026000
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt0304418
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0Office Expenses $855
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1Insurance $2396
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2CONTRACT TUTORS, SUP. TEACHER $14752
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3HEALTH INSURANCE $4125
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4INTERNET SOFTWARE/SERVICES $4008
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5WEB DESIGN SERVICES $2375
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6FUNDING PROPOSAL PREP $928
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7PAYROLL PROCESSING $612
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt8REGISTRATION FEES $595
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt9TRAVEL TO SCHOOL SITES $448
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt10READING PROGRAM ONSITE SERVICE $197
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt11BANK & CREDIT CARD FEES $160
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt12WORKERS COMP INSURANCE $113
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt13DUES & SUBSCRIPTIONS $75
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt14GRANTS/CONTRIBUTIONS $72
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt15Accounts Receivable - Beginning $0 Accounts Receivable - Ending $1000
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt16Accounts Payable and Accrued Expenses - Beginning $604 Accounts Payable and Accrued Expenses - Ending $0
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Other Expenses.1002
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Other Expenses.1012
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Other Expenses.1
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Other Expenses.2
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Other Expenses.3
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5Other Expenses.4
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6Other Expenses.5
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc7Other Expenses.6
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc8Other Expenses.7
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc9Other Expenses.8
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc10Other Expenses.9
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc11Other Expenses.10
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc12Other Expenses.11
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc13Other Expenses.12
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc14Other Expenses.13
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc15Other Assets.1005
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc16Total Liabilities.1001
ReturnHeader/BuildTS02024-08-08 14:25:15Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0JAMES CONNOR
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0President
ReturnHeader/BusinessOfficerGrp/SignatureDt02024-09-13
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0FUTURE OF READING
ReturnHeader/Filer/BusinessNameControlTxt0FUTU
ReturnHeader/Filer/EIN0371977795
ReturnHeader/Filer/PhoneNum06509383100
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/ReturnTs02024-09-13T09:02:32-07:00
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
$90,120
Liabilities
$0
Net assets
$90,120
Revenue
$144,602
Expenses
$111,241
Net income
$33,361
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024XML pending. An XML filing is linked for this year, but detailed extraction is still pending.
2023Detailed filing. Detailed filing data is available for this year.$0.90$0.00$0.90$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
Peer Organizations

Similar nonprofits based on the same Siviq industry and scale cohort. 2023 filings • 501(c)3 • <$500k nonprofits