Civic Intelligence

Reading Works Inc

990 • Fiscal year 2020 • EIN 41-2235848

Jul 01, 2019 to Jun 30, 2020 • Filed on Aug 18, 2020

Organization Profilewww.reading-works.org
400 Gold Ave SW Suite 210Albuquerque, NM 87102

(505) 321-9620

Siviq Scores

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

Liabilities / Assets

89th percentile

0.41x

Higher debt load relative to assets than 89% of similar nonprofits.

2020 filings • NTEE B • <$500k nonprofits • Source year 2020

Liabilities / Revenue

83rd percentile

0.16x

Higher debt load relative to revenue than 83% of similar nonprofits.

2020 filings • NTEE B • <$500k nonprofits • Source year 2020

Net Margin

22nd percentile

-15%

Higher net margin than 22% of similar nonprofits.

2020 filings • NTEE B60 • <$500k nonprofits • Source year 2020

Top Officer Pay

72nd percentile

$0

Higher top officer pay than 72% of similar nonprofits.

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

2020 filings • NTEE B60 • <$500k nonprofits • Source year 2020

Asset Growth

38th percentile

-3.9%

Faster asset growth than 38% of similar nonprofits.

2020 filings • NTEE B60 • <$500k nonprofits • Annualized from 2019 to 2020

Revenue Growth

81st percentile

18%

Faster revenue growth than 81% of similar nonprofits.

2020 filings • NTEE B • <$500k nonprofits • Annualized from 2019 to 2020

Balance Sheet
Liabilities / Assets89th percentile

Assets

Down

$57,235

Down $2,324 (-3.9%) from 2019

Net Assets

Down

$33,871

Down $22,979 (-40%) from 2019

Liabilities

Up

$23,364

Up $20,655 (+762%) from 2019

Revenue And Expenses
Liabilities / Revenue83rd percentileNet Margin22nd percentile

Revenue

Up

$149,107

Up $23,156 (+18%) from 2019

Expenses

Up

$172,086

Up $54,365 (+46%) from 2019

Net Income

Down

-$22,979

Down $31,209 (-379%) from 2019

Historical Trend

Balance Sheet Trend

Asset Growth38th percentile

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

$100K$50K$0Assets 2012: $9,678Liabilities 2012: $0Net Assets 2012: $9,6782012Assets 2013: $23,204Liabilities 2013: $504Net Assets 2013: $22,7002013Assets 2014: $26,559Liabilities 2014: $11,1612014Assets 2015: $35,625Liabilities 2015: $2,3362015Assets 2016: $77,738Liabilities 2016: $4,370Net Assets 2016: $73,3682016Assets 2017: $54,221Liabilities 2017: $6062017Assets 2018: $50,037Liabilities 2018: $6992018Assets 2019: $59,559Liabilities 2019: $2,709Net Assets 2019: $56,8502019Assets 2020: $57,235Liabilities 2020: $23,364Net Assets 2020: $33,8712020Assets 2021: $98,919Liabilities 2021: $3,001Net Assets 2021: $95,9182021Assets 2022: $85,043Liabilities 2022: $2,723Net Assets 2022: $82,3202022Assets 2023: $85,235Liabilities 2023: $2,469Net Assets 2023: $82,7662023Assets 2025: $64,996Liabilities 2025: $2,855Net Assets 2025: $62,1412025

Highlighted filing

2020

Assets$57,235
Liabilities$23,364
Net Assets$33,871
Open 2020 Filing

Operations Trend

Revenue Growth81st percentile

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

$400K$300K$200K$100K$0-$100KRevenue 2012: $41,504Expenses 2012: $41,140Net Income 2012: $3642012Revenue 2013: $58,061Expenses 2013: $45,814Net Income 2013: $12,2472013Revenue 2014: $84,053Expenses 2014: $91,355Net Income 2014: -$7,3022014Revenue 2015: $123,373Expenses 2015: $105,482Net Income 2015: $17,8912015Revenue 2016: $162,330Expenses 2016: $122,251Net Income 2016: $40,0792016Revenue 2017: $97,137Expenses 2017: $116,168Net Income 2017: -$19,0312017Revenue 2018: $114,623Expenses 2018: $118,438Net Income 2018: -$3,8152018Revenue 2019: $125,951Expenses 2019: $117,721Net Income 2019: $8,2302019Revenue 2020: $149,107Expenses 2020: $172,086Net Income 2020: -$22,9792020Revenue 2021: $305,969Expenses 2021: $243,908Net Income 2021: $62,0612021Revenue 2022: $246,146Expenses 2022: $259,744Net Income 2022: -$13,5982022Revenue 2023: $234,249Expenses 2023: $233,803Net Income 2023: $4462023Revenue 2025: $197,086Expenses 2025: $216,914Net Income 2025: -$19,8282025

Highlighted filing

2020

Revenue$149,107
Expenses$172,086
Net Income-$22,979
Open 2020 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2019 to Jun 30, 2020
Signed
Aug 18, 2020
Return Version
2019v5.0
Gross Receipts
$154,462
Mission and Program Overview

Mission

Adult education - tutoring programs in reading and writing, esl, math, ged prep, computer skills, us citizenship test prep

to empower adults with the literacy and language skills they need to perform fully and effectively in work, civic life, and community.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$58,059$54,835▼ $3,224
Cap Stk Tr Prin Current Funds$56,850$33,871▼ $22,979
Pd in Cap Srpls Land Bldg Eqp Fund$0$0→ $0
Rtn Earn Endowment Incm Other Fnds$0$0→ $0
Total Assets$59,559$57,235▼ $2,324
Other Assets Total$1,500$2,400▲ $900
Liabilities
Deferred Revenue-$19,716-
Other Liabilities$2,609$3,648▲ $1,039
Accounts Payable and Accrued Expenses$100--
Total Liabilities$2,709$23,364▲ $20,655
Net Assets / Fund Balance
Total Net Assets Fund Balance$56,850$33,871▼ $22,979
Total Liabilities and Net Assets / Fund Balance$59,559$57,235▼ $2,324
Compensation and Service Providers
Top Officer Pay72nd percentile

Board Members and Trustees

NameTitle
Margaret BarkerPresident
Jerrid WilliamsDirector
Laura BanksDirector
Rosa EstradaDirector
Martha FarmerSecretary
Chris JacobsenTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$150,911
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$-1,804
All Other Contributions
$136,836
Change in Net Assets
$-22,979
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$121,938
Other Expenses$50,148
Total Fundraising Expense$18,827
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$82,385$8,823$11,569$102,777
Occupancy$14,400$1,620$1,980$18,000
Other Employee Benefits$8,856$853$1,293$11,002
Other Expenses$553$8,604$80$9,237
Payroll Taxes$6,527$735$897$8,159
Information Technology$4,867--$4,867
Fees for Services Accounting-$4,592-$4,592
Office Expenses$1,163$2,254-$3,417
Insurance-$2,814-$2,814
Fees for Services Other-$887$157$1,044
Advertising-$44-$44
Conferences and Meetings$40--$40
Travel$30--$30
Total Functional Expenses$121,813$31,446$18,827$172,086
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
federal and state payroll withholdings$3,648
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
Yes
Annual disclosure for covered persons
Yes
Audit committee
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section B, Line 11B

“The Board of Directors reviewed the policy and schedules at a regular board meeting.”

Form 990, Part VI, Section B, Line 12C

“Board members disclose annually for-profit and non-profit board membership, business ownership, employment.”

Form 990, Part VI, Section C, Line 19

“Policies and financial documents are available upon request. Donor Privacy Policy is published on the website.”

Filing and Contact Details

Filer

Filer Name
Reading Works Inc
EIN
41-2235848
Phone
5053219620
Address
400 Gold Ave SW Suite 210, Albuquerque, NM 87102
Doing Business As
Reading Works

Signing Officer

Name
Margaret Barker
Title
President
Phone
5053219620
Signed
2020-08-18

Organization Details

Principal Officer
Margaret Barker
Formed
2007
Legal Domicile
Nm
Voting Board Members
6
Independent Board Members
6
Employees
4
Volunteers
84
Supplemental Narrative

Additional Explanations

Form 990, Part XII, Line 1

“Reading Works changed its method of accounting to cash basis because it provides a more timely and immediate accounting of revenue and expenses. Cash basis aids the Board of Directors in understanding the corporation's financial position, thereby fulfilling the Board's fiduciary duty to manage assets.”

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IRS990/Desc0Provided free tutoring to 182 adult learners. 82% achieved a benchmark of success: achieved reading proficiency (phonemic awareness, alphabetic awareness, syntactic awareness, decoding, sight word recognition, fluency, and comprehension); writing proficiency (grammar, writing mechanics, expression); speaking and understanding English proficiency; enrolled in further education or vocational training; become employed or got a better job; voted; became US Citizen; learned survival English; helped children with homework or volunteered at children's schools. 92% of tested students demonstrated skill level improvements on standardized tests. Special project: Survival English Boot Camp: collaboration with local food bank, public libraries and refugee groups to provide English skills to refugees. Value of tutoring services given to the community: $381,015.
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IRS990/MissionDesc0To empower adults with the literacy and language skills they need to participate fully and effectively in work, civic life, and community. Reading Works meets its mission by providing free one-on-one and small group tutoring in reading, writing and speaking English. We also offer tutoring in grade school level math and preparing for the US Citizenship test and interview.
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IRS990/OtherExpensesGrp/Desc0books and tutoring materials
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IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt0Other income. Credit Card Cash Rewards: $75.
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IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus3YearsAmt066568
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus4YearsAmt0129894
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt0572871
IRS990ScheduleA/GovtFurnSrvcFcltsVl509Grp/CurrentTaxYearMinus2YearsAmt04095
IRS990ScheduleA/GovtFurnSrvcFcltsVl509Grp/CurrentTaxYearMinus3YearsAmt0910
IRS990ScheduleA/GovtFurnSrvcFcltsVl509Grp/TotalAmt05005
IRS990ScheduleA/InvestmentIncomeCYPct00
IRS990ScheduleA/InvestmentIncomePYPct00
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearAmt075
IRS990ScheduleA/OtherIncome509Grp/TotalAmt075
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct00.99987
IRS990ScheduleA/PublicSupportPY509Pct01
IRS990ScheduleA/PublicSupportTotal509Amt0577876
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt0150911
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt0128011
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt0101582
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt067478
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt0129894
IRS990ScheduleA/Total509Grp/TotalAmt0577876
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt0150986
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt0128011
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt0101582
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt067478
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt0129894
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt0577951
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
IRS990/ScheduleBRequiredInd01
IRS990ScheduleD/FederalIncomeTaxLiabilityAmt00
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt03648
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0federal and state payroll withholdings
IRS990ScheduleD/TotalLiabilityAmt03648
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0The Board of Directors reviewed the policy and schedules at a regular board meeting.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1Board members disclose annually for-profit and non-profit board membership, business ownership, employment.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2Policies and financial documents are available upon request. Donor Privacy Policy is published on the website.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3Reading Works changed its method of accounting to cash basis because it provides a more timely and immediate accounting of revenue and expenses. Cash basis aids the Board of Directors in understanding the corporation's financial position, thereby fulfilling the Board's fiduciary duty to manage assets.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Section B, Line 11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Section B, Line 12c
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI, Section C, Line 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990, Part XII, Line 1
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/StatesWhereCopyOfReturnIsFldCd0NM
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt059559
IRS990/TotalAssetsEOYAmt057235
IRS990/TotalAssetsGrp/BOYAmt059559
IRS990/TotalAssetsGrp/EOYAmt057235
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt0150911
IRS990/TotalEmployeeCnt04
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt018827
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt031446
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0121813
IRS990/TotalFunctionalExpensesGrp/TotalAmt0172086
IRS990/TotalGrossUBIAmt075
IRS990/TotalLiabilitiesBOYAmt02709
IRS990/TotalLiabilitiesEOYAmt023364
IRS990/TotalLiabilitiesGrp/BOYAmt02709
IRS990/TotalLiabilitiesGrp/EOYAmt023364
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt056850
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt033871
IRS990/TotalOtherCompensationAmt00
IRS990/TotalOtherProgSrvcExpenseAmt00
IRS990/TotalOtherProgSrvcGrantAmt00
IRS990/TotalOtherProgSrvcRevenueAmt00
IRS990/TotalProgramServiceExpensesAmt0121813
IRS990/TotalProgramServiceRevenueAmt00
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt00
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0-1879
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0149107
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt075
IRS990/TotalVolunteersCnt084
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt059559
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt057235
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TravelGrp/ProgramServicesAmt030
IRS990/TravelGrp/TotalAmt030
IRS990/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0400 Gold Ave SW
IRS990/USAddress/AddressLine2Txt0Suite 210
IRS990/USAddress/CityNm0Albuquerque
IRS990/USAddress/StateAbbreviationCd0NM
IRS990/USAddress/ZIPCd087102
IRS990/VotingMembersGoverningBodyCnt06
IRS990/VotingMembersIndependentCnt06
IRS990/WebsiteAddressTxt0www.reading-works.org
IRS990/WhistleblowerPolicyInd01
ReturnHeader/BuildTS02020-09-23 17:36:50Z
ReturnHeader/BusinessOfficerGrp/PersonNm0Margaret Barker
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0President
ReturnHeader/BusinessOfficerGrp/PhoneNum05053219620
ReturnHeader/BusinessOfficerGrp/SignatureDt02020-08-18
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0READING WORKS INC
ReturnHeader/Filer/BusinessNameControlTxt0READ
ReturnHeader/Filer/EIN0412235848

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2020 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$57,235
Liabilities
$23,364
Net assets
$33,871
Revenue
$149,107
Expenses
$172,086
Net income
-$22,979
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.65$0.03$0.62$1.97$2.17$0.20
2023Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.85$0.02$0.83$2.34$2.34$0.00
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.85$0.03$0.82$2.46$2.60$0.14
2021Summary only. Only limited summary data is available for this year.$0.99$0.03$0.96$3.06$2.44$0.62
2020Detailed filing. Detailed filing data is available for this year.$0.57$0.23$0.34$1.49$1.72$0.23
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.60$0.03$0.57$1.26$1.18$0.08
2018Summary only. Only limited summary data is available for this year.$0.50$0.01$1.15$1.18$0.04
2017Summary only. Only limited summary data is available for this year.$0.54$0.01$0.97$1.16$0.19
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.78$0.04$0.73$1.62$1.22$0.40
2015Summary only. Only limited summary data is available for this year.$0.36$0.02$1.23$1.05$0.18
2014Summary only. Only limited summary data is available for this year.$0.27$0.11$0.84$0.91$0.07
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.23$0.01$0.23$0.58$0.46$0.12
2012XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.10$0.00$0.10$0.42$0.41$0.00