Civic Intelligence

Reading Works

990 • Fiscal year 2018 • EIN 45-4493786

Jul 01, 2017 to Jun 30, 2018 • Filed on May 15, 2019

645 Griswold No 2600Detroit, MI 48201

(313) 962-6202

Siviq Scores

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

Liabilities / Assets

63rd percentile

0.01x

Higher debt load relative to assets than 63% of similar nonprofits.

2018 filings • 501(c)3 • <$500k nonprofits • Source year 2018

Liabilities / Revenue

64th percentile

0.01x

Higher debt load relative to revenue than 64% of similar nonprofits.

2018 filings • 501(c)3 • <$500k nonprofits • Source year 2018

Net Margin

85th percentile

31%

Higher net margin than 85% of similar nonprofits.

2018 filings • 501(c)3 • <$500k nonprofits • Source year 2018

Top Officer Pay

Score unavailable

No value available

This filing does not contain officer compensation rows.

Source year 2018

Asset Growth

87th percentile

59%

Faster asset growth than 87% of similar nonprofits.

2018 filings • 501(c)3 • <$500k nonprofits • Annualized from 2017 to 2018

Revenue Growth

88th percentile

58%

Faster revenue growth than 88% of similar nonprofits.

2018 filings • 501(c)3 • <$500k nonprofits • Annualized from 2017 to 2018

Assets

Up

$414,198

Up $154,090 (+59%) from 2017

Net Assets

Up

$408,865

Up $154,288 (+61%) from 2017

Liabilities

Down

$5,333

Down $198 (-3.6%) from 2017

Revenue

Up

$493,211

Up $180,120 (+58%) from 2017

Expenses

Down

$338,923

Down $99,946 (-23%) from 2017

Net Income

Up

$154,288

Up $280,066 (+223%) from 2017

Historical Trend

Balance Sheet Trend

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

$600K$400K$200K$0Assets 2013: $344,068Liabilities 2013: $50,358Net Assets 2013: $293,7102013Assets 2014: $321,552Liabilities 2014: $9,045Net Assets 2014: $312,5072014Assets 2015: $580,065Liabilities 2015: $13,685Net Assets 2015: $566,3802015Assets 2016: $386,777Liabilities 2016: $6,422Net Assets 2016: $380,3552016Assets 2017: $260,108Liabilities 2017: $5,531Net Assets 2017: $254,5772017Assets 2018: $414,198Liabilities 2018: $5,333Net Assets 2018: $408,8652018Assets 2019: $361,753Liabilities 2019: $8,294Net Assets 2019: $353,4592019Assets 2022: $0Liabilities 2022: $0Net Assets 2022: $02022

Highlighted filing

2018

Assets$414,198
Liabilities$5,333
Net Assets$408,865

Operations Trend

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

$1.0M$500K$0-$500KExpenses 2013: $274,6512013Revenue 2014: $267,584Expenses 2014: $298,360Net Income 2014: -$30,7762014Revenue 2015: $635,297Expenses 2015: $381,424Net Income 2015: $253,8732015Revenue 2016: $327,654Expenses 2016: $513,679Net Income 2016: -$186,0252016Revenue 2017: $313,091Expenses 2017: $438,869Net Income 2017: -$125,7782017Revenue 2018: $493,211Expenses 2018: $338,923Net Income 2018: $154,2882018Revenue 2019: $280,410Expenses 2019: $335,816Net Income 2019: -$55,4062019Revenue 2022: $42,300Expenses 2022: $6,021Net Income 2022: $36,2792022

Highlighted filing

2018

Revenue$493,211
Expenses$338,923
Net Income$154,288
Jump To
Filing Snapshot
Filing Period
Jul 1, 2017 to Jun 30, 2018
Signed
May 15, 2019
Return Version
2017v2.3
Gross Receipts
$493,866
Mission and Program Overview

Mission

Reading works is dedicated to raising the level of adult literacy in metro detroit and promoting the idea that reading works in the family and in the workplace.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$206,088$259,125▲ $53,037
Pledges and Grants Receivable$51,572$152,777▲ $101,205
Prepaid Expenses and Deferred Charges$2,448$2,296▼ $152
Total Assets$260,108$414,198▲ $154,090
Liabilities
Accounts Payable and Accrued Expenses$5,531$5,333▼ $198
Total Liabilities$5,531$5,333▼ $198
Net Assets / Fund Balance
Temporarily Rstr Net Assets$70,705$219,022▲ $148,317
Unrestricted Net Assets$183,872$189,843▲ $5,971
Total Net Assets Fund Balance$254,577$408,865▲ $154,288
Total Liabilities and Net Assets / Fund Balance$260,108$414,198▲ $154,090
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Hilarie Chambers ExecutiveDirectorFT$50,769$50,769
Amy AmadorInterim Executive DirectorFT$28,357$28,357

Board Members and Trustees

NameTitle
Thomas G McginnisChair
A Alfred Taubman in MemoriamFounding Honorary Chair
Chuck StokesHonorary Chair
Cynthia PaskyHonorary Chair
Damon H KeithHonorary Chair
Elizabeth W BrooksHonorary Chair
Joyce JenereauxHonorary Chair
Stephen HendersonHonorary Chair
Thomas LinnHonorary Chair
Keith MobleyFirst Vice Chair
Michael CheathamVice Chair
Ahmed M Ezzeddine PhdDirector
Anastasia MinorDirector
Daniel CherrinDirector
Doug KuiperDirector
Eve HaleyDirector
Gabrielle GeorgeDirector
Gary DembsDirector
Janine JanoskyDirector
Joni M ThrowerDirector
Kendra HowardDirector
Tanise HillDirector
Debora ScolaSecretary
Daniel F SmithTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$490,854
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$2,357
All Other Contributions
$490,854
Change in Net Assets
$154,288

Audited Revenue Reconciliation

Revenue per Audited Statements
$493,211
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$14,280
Total Revenue per Audited Statements
$507,491
Total Revenue per Form 990
$493,211
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$142,875
Grants and Similar Amounts Paid$103,866
Other Expenses$92,182
Total Fundraising Expense$31,917
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$103,866--$103,866
Current Officers, Directors, Trustees, and Key Employees$57,762$7,121$14,243$79,126
Other Salaries and Wages$47,043$5,569$11,137$63,749
Fees for Services Other$14,774$16,564$2,061$33,399
Travel$19,861$26-$19,887
Fees for Services Accounting$19,688--$19,688
Office Expenses$2,459$1,949$1,031$5,439
Conferences and Meetings$1,556-$1,556$3,112
Information Technology$1,958$525$525$3,008
Insurance-$1,547-$1,547
Occupancy$691$345$345$1,381
Advertising$562-$562$1,124
Other Expenses$457$72$457$72
Total Functional Expenses$270,677$36,329$31,917$338,923

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$353,203
Expenses per Audited Statements$338,923
Total Expenses per Form 990$338,923
Expenses Not Reported on Form 990$14,280
Expenses Not Reported on Financial Statements$0
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Southwest SolutionsDetroit, MI501(c)(3)Literacy Assistance$78,958
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$3,012
Fundraising Direct Expenses$655
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
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
Yes
Other officer compensation reviewed
No
Conflict-of-interest policy
No
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 internal committee will meet to review the draft 990 tax return before it is mailed. They will report to the full board of directors at their next scheduled meeting.

Form 990, Part VI, Section B, Line 15A

The organization engages financial one to benchmark salaries in the nfp market.

Form 990, Part VI, Section C, Line 19

The organization's governing documents, conflict of interest policy, and financial statements are available to the public upon reasonable request.

Filing and Contact Details

Filer

Filer Name
Reading Works
EIN
45-4493786
Phone
3139626202
Address
645 GRISWOLD NO 2600, DETROIT, MI 48201

Signing Officer

Name
Marita Grobbel
Title
Executive Director
Phone
3139626202
Signed
2019-05-15
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Marita Grobbel
Formed
2012
Legal Domicile
Mi
Voting Board Members
26
Independent Board Members
24
Employees
5
Volunteers
0

Preparer

Firm
Baker Tilly Virchow Krause Llp
Address
777 E WISCONSIN AVENUE FL 32, MILWAUKEE, WI 53202
Preparer
Troy E Marine CPA
Phone
4147775500
Supplemental Narrative

Additional Explanations

FORM 990, PART XII, LINE 2C:

Reading works has an audit committee that assumes responsibility for oversight of the audit and selection of an independent accounting firm. This process has not changed from prior years.

Financial Statement Notes

PART X, LINE 2:

The organization has received notification that it qualifies as a tax-exempt organization under section 501 (c)(3) of the u.s. Internal revenue code and corresponding provisions of state law and, accordingly, is not subject to federal or state income taxes. The organization follows the standard relating to the accounting for uncertainty in income taxes. The tax effects from an uncertain tax position can be recognized in the financial statements, only if the position is more likely than not to be sustained on audit, based on the technical merits of the position. The organization recognizes the financial statement benefit of a tax position only after determining that the relevant tax authority would be more likely than not to sustain the position following an audit. For tax positions meeting the more likely than not threshold, the amount recognized in the financial statements is the largest benefit that has a greater than 50 percent likelihood of being realized, upon ultimate settlement with the relevant tax authority. The organization applied the accounting standard to all tax positions for which the statute of limitations remained open. Based on its evaluation, the organization has concluded that there are no significant uncertain tax positions requiring recognition in its financial statements.

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IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt120
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt130
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt140
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IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt180
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt190
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IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt240
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt250
IRS990/Form990PartVIISectionAGrp/TitleTxt0CHAIR
IRS990/Form990PartVIISectionAGrp/TitleTxt1DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt2DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt3DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt4DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt5DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt6DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt7DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt8DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt9DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt10DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt11DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt12DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt13FIRST VICE CHAIR
IRS990/Form990PartVIISectionAGrp/TitleTxt14FOUNDING HONORARY CHAIR
IRS990/Form990PartVIISectionAGrp/TitleTxt15HONORARY CHAIR
IRS990/Form990PartVIISectionAGrp/TitleTxt16HONORARY CHAIR
IRS990/Form990PartVIISectionAGrp/TitleTxt17HONORARY CHAIR
IRS990/Form990PartVIISectionAGrp/TitleTxt18HONORARY CHAIR
IRS990/Form990PartVIISectionAGrp/TitleTxt19HONORARY CHAIR
IRS990/Form990PartVIISectionAGrp/TitleTxt20HONORARY CHAIR
IRS990/Form990PartVIISectionAGrp/TitleTxt21HONORARY CHAIR
IRS990/Form990PartVIISectionAGrp/TitleTxt22INTERIM EXECUTIVE DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt23SECRETARY
IRS990/Form990PartVIISectionAGrp/TitleTxt24TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt25VICE CHAIR
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IRS990/FormationYr02012
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IRS990/FSAuditedInd01
IRS990/FundraisingActivitiesInd00
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IRS990/FundraisingGrossIncomeAmt03012
IRS990/GamingActivitiesInd00
IRS990/GoverningBodyVotingMembersCnt026
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IRS990/GrantsToIndividualsInd00
IRS990/GrantsToOrganizationsInd01
IRS990/GrantToRelatedPersonInd00
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IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd01
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IRS990/IndependentVotingMemberCnt024
IRS990/IndivRcvdGreaterThan100KCnt00
IRS990/IndoorTanningServicesInd00
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IRS990/InfoInScheduleOPartXIIInd0X
IRS990/InformationTechnologyGrp/FundraisingAmt0525
IRS990/InformationTechnologyGrp/ManagementAndGeneralAmt0525
IRS990/InformationTechnologyGrp/ProgramServicesAmt01958
IRS990/InformationTechnologyGrp/TotalAmt03008
IRS990/InsuranceGrp/ManagementAndGeneralAmt01547
IRS990/InsuranceGrp/TotalAmt01547
IRS990/InvestmentInJointVentureInd00
IRS990/IRPDocumentCnt013
IRS990/IRPDocumentW2GCnt00
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IRS990/LoanOutstandingInd00
IRS990/LobbyingActivitiesInd00
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersOrStockholdersInd00
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0READING WORKS IS DEDICATED TO RAISING THE LEVEL OF ADULT LITERACY IN METRO DETROIT AND PROMOTING THE IDEA THAT READING WORKS IN THE FAMILY AND IN THE WORKPLACE.
IRS990/MoreThan5000KToIndividualsInd00
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IRS990/NondeductibleContributionsInd00
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IRS990/OccupancyGrp/ManagementAndGeneralAmt0345
IRS990/OccupancyGrp/ProgramServicesAmt0691
IRS990/OccupancyGrp/TotalAmt01381
IRS990/OfficeExpensesGrp/FundraisingAmt01031
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt01949
IRS990/OfficeExpensesGrp/ProgramServicesAmt02459
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IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
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IRS990/OtherExpensesGrp/Desc0BANK FEES AND CHARGES
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IRS990/OtherExpensesGrp/Desc2BAD DEBT EXPENSE
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IRS990/OtherExpensesGrp/ManagementAndGeneralAmt1457
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt272
IRS990/OtherExpensesGrp/ProgramServicesAmt0457
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IRS990/OtherExpensesGrp/TotalAmt11371
IRS990/OtherExpensesGrp/TotalAmt272
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IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt047043
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IRS990/PayPremiumsPrsnlBnftCntrctInd00
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IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt02296
IRS990/PrincipalOfficerNm0MARITA GROBBEL
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IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt0267584
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IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt0490854
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