Civic Intelligence

Future of Reading

990EZ • Fiscal year 2024 • EIN 37-1977795

Jan 01, 2024 to Dec 31, 2024 • Filed on May 12, 2025

Organization Profilefutureofreading.com
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

69th percentile

0.02x

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

2024 filings • 501(c)3 • <$500k nonprofits • Source year 2024

Liabilities / Revenue

70th percentile

0.02x

Higher debt load relative to revenue than 70% of similar nonprofits.

2024 filings • 501(c)3 • <$500k nonprofits • Source year 2024

Net Margin

74th percentile

21%

Higher net margin than 74% of similar nonprofits.

2024 filings • 501(c)3 • <$500k nonprofits • Source year 2024

Top Officer Pay

79th percentile

$0

Higher top officer pay than 79% of similar nonprofits.

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

2024 filings • 501(c)3 • <$500k nonprofits • Source year 2024

Asset Growth

81st percentile

35%

Faster asset growth than 81% of similar nonprofits.

2024 filings • 501(c)3 • <$500k nonprofits • Annualized from 2023 to 2024

Revenue Growth

44th percentile

-1.1%

Faster revenue growth than 44% of similar nonprofits.

2024 filings • 501(c)3 • <$500k nonprofits • Annualized from 2023 to 2024

Balance Sheet
Liabilities / Assets69th percentile

Assets

Up

$121,939

Up $31,819 (+35%) from 2023

Net Assets

$119,474

No earlier filing loaded for comparison.

Liabilities

Up

$2,465

Up $2,465 from 2023

Revenue And Expenses
Liabilities / Revenue70th percentileNet Margin74th percentile

Revenue

Down

$142,964

Down $1,638 (-1.1%) from 2023

Expenses

Up

$113,610

Up $2,369 (+2.1%) from 2023

Net Income

Down

$29,354

Down $4,007 (-12%) from 2023

Historical Trend

Balance Sheet Trend

Asset Growth81st percentile

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

$150K$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: $02023Assets 2024: $121,939Liabilities 2024: $2,465Net Assets 2024: $119,4742024

Highlighted filing

2024

Assets$121,939
Liabilities$2,465
Net Assets$119,474
Open 2024 Filing

Operations Trend

Revenue Growth44th 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: $33,3612023Revenue 2024: $142,964Expenses 2024: $113,610Net Income 2024: $29,3542024

Highlighted filing

2024

Revenue$142,964
Expenses$113,610
Net Income$29,354
Open 2024 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
May 12, 2025
Return Version
2024v5.1
Gross Receipts
$142,964
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.-$112,109
Compensation and Service Providers
Top Officer Pay79th 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
2025-05-12
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 $1490”

Other Expenses.1002

“Office Expenses $189”

Other Expenses.1

“HEALTH INSURANCE $5503”

Other Expenses.2

“Travel to school sites $996”

Other Expenses.3

“PAYROLL PROCESSING $552”

Other Expenses.4

“Bank & credit card fees $502”

Other Expenses.5

“Workers comp insurance $485”

Other Expenses.6

“QA AND TESTING $108”

Other Expenses.7

“DUES & SUBSCRIPTIONS $75”

Other Expenses.8

“REGISTRATION FEES $75”

Other Assets.1005

“Accounts Receivable - Beginning $1000 Accounts Receivable - Ending $1362”

Total Liabilities.1001

“Accounts Payable and Accrued Expenses - Beginning $0 Accounts Payable and Accrued Expenses - Ending $2465”

Raw XML Appendix184 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/PhoneNum06509383100
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IRS990EZ/BooksInCareOfDetail/USAddress/CityNm0LOS ALTOS
IRS990EZ/BooksInCareOfDetail/USAddress/StateAbbreviationCd0CA
IRS990EZ/BooksInCareOfDetail/USAddress/ZIPCd0940222266
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IRS990EZ/InfoInScheduleOPartIIInd0X
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IRS990EZ/LobbyingActivitiesInd0false
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IRS990EZ/MethodOfAccountingCashInd0X
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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/BOYAmt01000
IRS990EZ/OtherAssetsTotalDetail/EOYAmt01362
IRS990EZ/OtherExpensesTotalAmt08485
IRS990EZ/OtherRevenueTotalAmt01490
IRS990EZ/PartVIHghstPdCntrctProfSrvcTxt0NONE
IRS990EZ/PartVIOfCompOfHghstPdEmplTxt0NONE
IRS990EZ/PoliticalCampaignActyInd0false
IRS990EZ/PrimaryExemptPurposeTxt0TO ASSIST STUDENTS OF ALL GRADE LEVELS WITH READING AND WRITING SKILLS.
IRS990EZ/ProgramServiceRevenueAmt039871
IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt0TO PROVIDE EDUCATIONAL SERVICES TO IMPROVE READING AND WRITING SKILLS FOR K-12 STUDENTS.
IRS990EZ/ProgramSrvcAccomplishmentGrp/ProgramServiceExpensesAmt0112109
IRS990EZ/ProhibitedTaxShelterTransInd0false
IRS990EZ/RelatedOrganizationCtrlEntInd0false
IRS990EZ/SalariesOtherCompEmplBnftAmt090488
IRS990EZ/SchoolOperatingInd0false
IRS990EZ/SpecialEventsDirectExpensesAmt00
IRS990EZ/StatesWhereCopyOfReturnIsFldCd0CA
IRS990EZ/SubjectToProxyTaxInd0false
IRS990EZ/SumOfTotalLiabilitiesGrp/EOYAmt02465
IRS990EZ/TanningServicesProvidedInd0false
IRS990EZ/TaxImposedOnOrganizationMgrAmt00
IRS990EZ/TaxImposedUnderIRC4911Amt00
IRS990EZ/TaxImposedUnderIRC4912Amt00
IRS990EZ/TaxImposedUnderIRC4955Amt00
IRS990EZ/TaxReimbursedByOrganizationAmt00
IRS990EZ/TotalExpensesAmt0113610
IRS990EZ/TotalProgramServiceExpensesAmt0112109
IRS990EZ/TotalRevenueAmt0142964
IRS990EZ/TransactionWithControlEntInd0false
IRS990EZ/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990EZ/TypeOfOrganizationCorpInd0X
IRS990EZ/WebsiteAddressTxt0futureofreading.com
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/TotalAmt00
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearAmt0101529
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus1YearAmt0131257
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus2YearsAmt035150
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus3YearsAmt052905
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus4YearsAmt026000
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt0346841
IRS990ScheduleA/GovtFurnSrvcFcltsVl509Grp/TotalAmt00
IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt00
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt039871
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt013346
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus2YearsAmt045460
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt098677
IRS990ScheduleA/GrossReceiptsNonUnrltBusGrp/TotalAmt00
IRS990ScheduleA/InvestmentIncomeCYPct00.00000
IRS990ScheduleA/NetIncomeFromOtherUBIGrp/TotalAmt00
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearAmt01410
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus2YearsAmt0300
IRS990ScheduleA/OtherIncome509Grp/TotalAmt01710
IRS990ScheduleA/Post1975UBTIGrp/TotalAmt00
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct00.99620
IRS990ScheduleA/PublicSupportTotal509Amt0445518
IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt00
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft509Grp/TotalAmt00
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt0141400
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt0144603
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt080610
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt052905
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IRS990ScheduleA/Total509Grp/TotalAmt0445518
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt0142810
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt0144603
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt080910
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt052905
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt026000
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt0447228
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0DIRECT COST REIMBURSEMENT $1490
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1Office Expenses $189
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2HEALTH INSURANCE $5503
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3TRAVEL TO SCHOOL SITES $996
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4PAYROLL PROCESSING $552
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5BANK & CREDIT CARD FEES $502
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6WORKERS COMP INSURANCE $485
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7QA AND TESTING $108
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt8DUES & SUBSCRIPTIONS $75
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt9REGISTRATION FEES $75
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt10Accounts Receivable - Beginning $1000 Accounts Receivable - Ending $1362
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt11Accounts Payable and Accrued Expenses - Beginning $0 Accounts Payable and Accrued Expenses - Ending $2465
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Other Revenue.1
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Other Expenses.1002
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 Assets.1005
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc11Total Liabilities.1001
ReturnHeader/BuildTS02025-03-06 01:10:19Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0JAMES CONNOR
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0President
ReturnHeader/BusinessOfficerGrp/SignatureDt02025-05-12
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/ReturnTs02025-05-12T10:16:45-07:00
ReturnHeader/ReturnTypeCd0990EZ
ReturnHeader/TaxPeriodBeginDt02024-01-01
ReturnHeader/TaxPeriodEndDt02024-12-31
ReturnHeader/TaxYr02024

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2024 • Form 990EZDetailed filing. Detailed filing data is available for this year.

Open filing
Assets
$121,939
Liabilities
$2,465
Net assets
$119,474
Revenue
$142,964
Expenses
$113,610
Net income
$29,354
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$1.22$0.02$1.19$1.43$1.14$0.29
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