Civic Intelligence

Kids Read Now Inc

990 • Fiscal year 2018 • EIN 45-3504550

Oct 01, 2017 to Sep 30, 2018 • Filed on Aug 05, 2019

155 Marybill DrTroy, OH 45373

(937) 673-7712

Siviq Scores

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

Liabilities / Assets

98th percentile

2.24x

Higher debt load relative to assets than 98% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2018

Liabilities / Revenue

87th percentile

1.22x

Higher debt load relative to revenue than 87% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2018

Net Margin

7th percentile

-45%

Higher net margin than 7% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2018

Top Officer Pay

35th percentile

$0

Higher top officer pay than 35% of similar nonprofits.

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

2018 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2018

Asset Growth

93rd percentile

68%

Faster asset growth than 93% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2017 to 2018

Revenue Growth

97th percentile

262%

Faster revenue growth than 97% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2017 to 2018

Assets

Up

$1,190,686

Up $480,236 (+68%) from 2017

Net Assets

Down

-$1,475,449

Down $972,748 (-194%) from 2017

Liabilities

Up

$2,666,135

Up $1,452,984 (+120%) from 2017

Revenue

Up

$2,184,831

Up $1,581,024 (+262%) from 2017

Expenses

Up

$3,157,579

Up $1,915,891 (+154%) from 2017

Net Income

Down

-$972,748

Down $334,867 (-52%) from 2017

Historical Trend

Balance Sheet Trend

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

$6.0M$4.0M$2.0M$0-$2.0M-$4.0MAssets 2012: $12,371Liabilities 2012: $02012Assets 2013: $651,122Liabilities 2013: $0Net Assets 2013: $651,1222013Assets 2014: $612,357Liabilities 2014: $44,175Net Assets 2014: $568,1822014Assets 2015: $374,625Liabilities 2015: $2,859Net Assets 2015: $371,7662015Assets 2016: $222,496Liabilities 2016: $87,316Net Assets 2016: $135,1802016Assets 2017: $710,450Liabilities 2017: $1,213,151Net Assets 2017: -$502,7012017Assets 2018: $1,190,686Liabilities 2018: $2,666,135Net Assets 2018: -$1,475,4492018Assets 2019: $986,975Liabilities 2019: $3,223,962Net Assets 2019: -$2,236,9872019Assets 2020: $1,065,361Liabilities 2020: $3,874,481Net Assets 2020: -$2,809,1202020Assets 2021: $1,305,520Liabilities 2021: $3,733,387Net Assets 2021: -$2,427,8672021Assets 2022: $1,527,653Liabilities 2022: $3,994,004Net Assets 2022: -$2,466,3512022Assets 2023: $1,946,815Liabilities 2023: $4,398,654Net Assets 2023: -$2,451,8392023Assets 2024: $1,579,353Liabilities 2024: $4,036,283Net Assets 2024: -$2,456,9302024

Highlighted filing

2018

Assets$1,190,686
Liabilities$2,666,135
Net Assets-$1,475,449

Operations Trend

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

$6.0M$4.0M$2.0M$0-$2.0MRevenue 2012: $152,556Expenses 2012: $140,185Net Income 2012: $12,3712012Revenue 2013: $89,980Expenses 2013: $148,873Net Income 2013: -$58,8932013Revenue 2014: $143,047Expenses 2014: $294,376Net Income 2014: -$151,3292014Revenue 2015: $162,938Expenses 2015: $332,169Net Income 2015: -$169,2312015Revenue 2016: $326,923Expenses 2016: $563,509Net Income 2016: -$236,5862016Revenue 2017: $603,807Expenses 2017: $1,241,688Net Income 2017: -$637,8812017Revenue 2018: $2,184,831Expenses 2018: $3,157,579Net Income 2018: -$972,7482018Revenue 2019: $2,568,787Expenses 2019: $3,330,325Net Income 2019: -$761,5382019Revenue 2020: $3,030,703Expenses 2020: $3,602,836Net Income 2020: -$572,1332020Revenue 2021: $4,930,805Expenses 2021: $4,549,552Net Income 2021: $381,2532021Revenue 2022: $4,731,421Expenses 2022: $4,769,905Net Income 2022: -$38,4842022Revenue 2023: $5,593,813Expenses 2023: $5,579,301Net Income 2023: $14,5122023Revenue 2024: $5,687,419Expenses 2024: $5,692,510Net Income 2024: -$5,0912024

Highlighted filing

2018

Revenue$2,184,831
Expenses$3,157,579
Net Income-$972,748
Jump To
Filing Snapshot
Filing Period
Oct 1, 2017 to Sep 30, 2018
Signed
Aug 5, 2019
Return Version
2017v2.3
Gross Receipts
$2,184,831
Mission and Program Overview

Mission

To elimante the summer reading slide by helping children and parents keep those skills through summer, by providing books, cutting edge technology, and constant motivatin for children, families, schools, and communities.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$291,836$449,809▲ $157,973
Inventories for Sale or Use$287,627$403,636▲ $116,009
Pledges and Grants Receivable$21,630$184,696▲ $163,066
Cash and Non-Interest-Bearing Accounts$40,925$111,472▲ $70,547
Prepaid Expenses and Deferred Charges$68,432$41,073▼ $27,359
Total Assets$710,450$1,190,686▲ $480,236
Liabilities
Mortgage Notes Payable Secured by Investment Property$1,089,409$2,242,779▲ $1,153,370
Accounts Payable and Accrued Expenses$123,742$423,356▲ $299,614
Total Liabilities$1,213,151$2,666,135▲ $1,452,984
Net Assets / Fund Balance
Unrestricted Net Assets$-502,701$-1,475,449▼ $972,748
Total Net Assets Fund Balance$-502,701$-1,475,449▼ $972,748
Total Liabilities and Net Assets / Fund Balance$710,450$1,190,686▲ $480,236

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$449,809$220,551$670,360
Compensation and Service Providers

Board Members and Trustees

NameTitle
Leib LuriePresident
Glenn KeiferDirector
Harry LoyleDirector
Jon SteinkeDirector
Mary MccafferyDirector
Richard AllingtonDirector
Tom OsifDirector
Barbara LurieExecutive Di
Revenue and Support

Revenue Composition

Contributions and Grants
$384,059
Program Service Revenue
$1,797,186
Investment Income
$0
Other Revenue
$3,586
All Other Contributions
$384,059
Change in Net Assets
$-972,748

Noncash Contribution Practices

Property subject to holding requirements
No
Reviewed unusual noncash gifts
No
Third parties used for noncash contributions
No

Noncash Contributions

Contribution TypeContribution CountReported Amount
Other Non Cash Contri Table1$72,000
Total Noncash Contributions1$72,000

Audited Revenue Reconciliation

Revenue per Audited Statements
$2,184,831
Total Revenue per Audited Statements
$2,184,831
Total Revenue per Form 990
$2,184,831
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$2,481,540
Salaries, Compensation, and Employee Benefits$676,039
Total Fundraising Expense$7,470
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$497,251$30,000$6,000$533,251
Office Expenses$180,475$5,515$1,470$187,460
Depreciation Depletion$166,474--$166,474
Payroll Taxes$142,726$62-$142,788
Information Technology$133,470$1,208-$134,678
All Other Expenses$86,190$4,770-$90,960
Occupancy$48,821$23,871-$72,692
Conferences and Meetings$60,304--$60,304
Travel$43,661$5,181-$48,842
Other Expenses$40,449$5,775-$46,224
Interest$23,281--$23,281
Insurance$3,140$3,756-$6,896
Advertising$5,166--$5,166
Total Functional Expenses$3,069,008$81,101$7,470$3,157,579

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$3,157,579
Total Expenses per Audited Statements$3,157,579
Total Expenses per Form 990$3,157,579
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
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
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, Page 6, Part VI, Line 2

Leib lurie barbara lurie president exec. Dir. Spouses

Form 990, Page 6, Part VI, Line 11B

No review was or will be conducted.

Form 990, Page 6, Part VI, Line 12C

The board of directors are required to compete a conflict of interest declaration form annually disclosing any possible conflicts of interest. The forms are required to be completed at least annually.

Form 990, Page 6, Part VI, Line 19

The governing documents, conflict of interest policy and financial statements are available upon request.

Filing and Contact Details

Filer

Filer Name
Kids Read Now Inc
EIN
45-3504550
Phone
9376737712
Address
155 MARYBILL DR, TROY, OH 45373

Signing Officer

Name
Leib Lurie
Title
President
Phone
8775360130
Signed
2019-08-05

Organization Details

Principal Officer
Leib Lurie
Formed
2012
Legal Domicile
Oh
Voting Board Members
9
Independent Board Members
9
Employees
29
Volunteers
2

Preparer

Firm
Sam Brown CPA Inc
Address
PO BOX 1027, TROY, OH 45373-8027
Preparer
Sam B Brown
Phone
9378759510
Supplemental Narrative

Additional Explanations

Form 990, Part XI, Line 9

Change in net present value of pledges recievable 0

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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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IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt0322143
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt0326923
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt0162938
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt0143047
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt01339110
IRS990ScheduleA/GrossReceiptsRltdActivitiesAmt02082436
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct01.00000
IRS990ScheduleA/PublicSupportPY170Pct01.00000
IRS990ScheduleA/PublicSupportTotal170Amt01339110
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
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IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt0322143
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IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt0162938
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt0143047
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt01339110
IRS990ScheduleA/TotalSupportAmt01339110
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IRS990ScheduleD/EquipmentGrp/DepreciationAmt0220551
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0670360
IRS990ScheduleD/ExpensesSubtotalAmt03157579
IRS990ScheduleD/RevenueSubtotalAmt02184831
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0449809
IRS990ScheduleD/TotalExpensesPerForm990Amt03157579
IRS990ScheduleD/TotalRevenuePerForm990Amt02184831
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt02184831
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt03157579
IRS990/ScheduleJRequiredInd0false
IRS990ScheduleM/AnyPropertyThatMustBeHeldInd0false
IRS990ScheduleM/OtherNonCashContriTableGrp/ContributionCnt01
IRS990ScheduleM/OtherNonCashContriTableGrp/NonCashCheckboxInd0X
IRS990ScheduleM/OtherNonCashContriTableGrp/NoncashContributionsRptF990Amt072000
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IRS990ScheduleM/ThirdPartiesUsedInd0false
IRS990/ScheduleORequiredInd0false
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0LEIB LURIE BARBARA LURIE PRESIDENT EXEC. DIR. SPOUSES
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1NO REVIEW WAS OR WILL BE CONDUCTED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE BOARD OF DIRECTORS ARE REQUIRED TO COMPETE A CONFLICT OF INTEREST DECLARATION FORM ANNUALLY DISCLOSING ANY POSSIBLE CONFLICTS OF INTEREST. THE FORMS ARE REQUIRED TO BE COMPLETED AT LEAST ANNUALLY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS ARE AVAILABLE UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4CHANGE IN NET PRESENT VALUE OF PLEDGES RECIEVABLE 0
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PAGE 6, PART VI, LINE 2
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART XI, LINE 9
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IRS990/SubjectToProxyTaxInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
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IRS990/TotalAssetsGrp/BOYAmt0710450
IRS990/TotalAssetsGrp/EOYAmt01190686
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt0384059
IRS990/TotalEmployeeCnt029
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt07470
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt081101
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt03069008
IRS990/TotalFunctionalExpensesGrp/TotalAmt03157579
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt01213151
IRS990/TotalLiabilitiesEOYAmt02666135
IRS990/TotalLiabilitiesGrp/BOYAmt01213151
IRS990/TotalLiabilitiesGrp/EOYAmt02666135
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0-502701
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0-1475449
IRS990/TotalProgramServiceExpensesAmt03069008
IRS990/TotalProgramServiceRevenueAmt01797186
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt01800772
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt02184831
IRS990/TotalVolunteersCnt02
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0710450
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt01190686
IRS990/TravelGrp/ManagementAndGeneralAmt05181
IRS990/TravelGrp/ProgramServicesAmt043661
IRS990/TravelGrp/TotalAmt048842
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UnrestrictedNetAssetsGrp/BOYAmt0-502701
IRS990/UnrestrictedNetAssetsGrp/EOYAmt0-1475449
IRS990/UponRequestInd0X
IRS990/VotingMembersGoverningBodyCnt09
IRS990/VotingMembersIndependentCnt09
IRS990/WebsiteAddressTxt0WWW.KIDSREADNOW.ORG
IRS990/WhistleblowerPolicyInd0true
ReturnHeader/BuildTS02019-02-21 02:37:17Z
ReturnHeader/BusinessOfficerGrp/PersonNm0LEIB LURIE
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum08775360130
ReturnHeader/BusinessOfficerGrp/SignatureDt02019-08-05
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0KIDS READ NOW INC
ReturnHeader/Filer/BusinessNameControlTxt0KIDS
ReturnHeader/Filer/EIN0453504550
ReturnHeader/Filer/PhoneNum09376737712
ReturnHeader/Filer/USAddress/AddressLine1Txt0155 MARYBILL DR
ReturnHeader/Filer/USAddress/CityNm0TROY
ReturnHeader/Filer/USAddress/StateAbbreviationCd0OH
ReturnHeader/Filer/USAddress/ZIPCd045373
ReturnHeader/FilingSecurityInformation/AtSubmissionCreationDeviceId025B693A878EA450C1F311616A82E4637ACC61B31
ReturnHeader/FilingSecurityInformation/AtSubmissionFilingDeviceId0925B78A6857A337E2CF11B33A92CEC4D68C2ECC0
ReturnHeader/FilingSecurityInformation/FilingLicenseTypeCd0P
ReturnHeader/FilingSecurityInformation/IPAddress/IPv4AddressTxt0167.68.16.49
ReturnHeader/FilingSecurityInformation/IPDt02019-08-14
ReturnHeader/FilingSecurityInformation/IPTimezoneCd0CD
ReturnHeader/FilingSecurityInformation/IPTm009:11:04
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0473123679
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0SAM BROWN CPA INC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0PO BOX 1027
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0TROY
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0OH
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd0453738027
ReturnHeader/PreparerPersonGrp/PhoneNum09378759510
ReturnHeader/PreparerPersonGrp/PreparationDt02019-08-05
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0SAM B BROWN
ReturnHeader/ReturnTs02019-08-14T09:11:04-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02017-10-01
ReturnHeader/TaxPeriodEndDt02018-09-30
ReturnHeader/TaxYr02017

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