Civic Intelligence

Read2Dream Foundation

EIN 46-3327409 • 501(c)3 • West Chester, PA

Profile

The Read2Dream Foundation is committed to improving the future for young children from low-income families by providing age appropriate children's books and parent workshops to encourage family literacy.

511 N Brandywine StWest Chester, PA 19380

www.read2dream.com

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

98th percentile

4.81x

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

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

Liabilities / Revenue

95th percentile

1.14x

Higher debt load relative to revenue than 95% of similar nonprofits.

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

Net Margin

22nd percentile

-22%

Higher net margin than 22% of similar nonprofits.

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

Top Officer Pay

84th percentile

$0

Higher top officer pay than 84% of similar nonprofits.

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

501(c)3 • <$500k nonprofits • Source year 2022

Asset Growth

18th percentile

-48%

Faster asset growth than 18% of similar nonprofits.

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

Revenue Growth

41st percentile

-8.5%

Faster revenue growth than 41% of similar nonprofits.

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

Assets

Down

$1,694

Down $1,585 (-48%) from 2022

Liabilities

Flat

$8,153

Flat from 2022

Net Assets

Down

-$6,459

Down $1,585 (-33%) from 2022

Revenue

Down

$7,140

Down $666 (-8.5%) from 2022

Expenses

Down

$8,725

Down $1,631 (-16%) from 2022

Net Income

Up

-$1,585

Up $965 (+38%) from 2022

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$15K$10K$5.0K$0-$5.0K-$10KAssets 2015: $2,089Net Assets 2015: $2,0892015Assets 2016: $10,650Liabilities 2016: $7,778Net Assets 2016: $2,8722016Assets 2017: $3,198Liabilities 2017: $7,778Net Assets 2017: -$4,5802017Assets 2018: $3,766Liabilities 2018: $7,778Net Assets 2018: -$4,0122018Assets 2019: $6,767Liabilities 2019: $8,153Net Assets 2019: -$1,3862019Assets 2020: $8,526Liabilities 2020: $8,153Net Assets 2020: $3732020Assets 2021: $5,829Liabilities 2021: $8,153Net Assets 2021: -$2,3242021Assets 2022: $3,279Liabilities 2022: $8,153Net Assets 2022: -$4,8742022Assets 2023: $1,694Liabilities 2023: $8,153Net Assets 2023: -$6,4592023

Highlighted filing

2023

Assets$1,694
Liabilities$8,153
Net Assets-$6,459

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$60K$40K$20K$0-$20KRevenue 2015: $14,822Expenses 2015: $12,733Net Income 2015: $2,0892015Revenue 2016: $23,648Expenses 2016: $22,865Net Income 2016: $7832016Revenue 2017: $18,006Expenses 2017: $25,458Net Income 2017: -$7,4522017Revenue 2018: $35,900Expenses 2018: $35,332Net Income 2018: $5682018Revenue 2019: $47,921Expenses 2019: $45,295Net Income 2019: $2,6262019Revenue 2020: $31,940Expenses 2020: $30,181Net Income 2020: $1,7592020Revenue 2021: $14,630Expenses 2021: $17,327Net Income 2021: -$2,6972021Revenue 2022: $7,806Expenses 2022: $10,356Net Income 2022: -$2,5502022Revenue 2023: $7,140Expenses 2023: $8,725Net Income 2023: -$1,5852023

Highlighted filing

2023

Revenue$7,140
Expenses$8,725
Net Income-$1,585

Filings

Latest Detailed Filing

The latest 2023 filing currently has linked XML that has not been fully parsed yet. Showing the latest detailed filing from 2022 below.

Jump To
Filing Snapshot
Filing Period
Jan 1, 2022 to Dec 31, 2022
Signed
Nov 14, 2023
Return Version
2022v5.0
Gross Receipts
$7,806
Mission and Program Overview

Mission

The Read2Dream Foundation is organized to operate a children's reading program.

The Read2Dream Foundation is committed to improving the future for young children from low-income families by providing age appropriate children's books and parent workshops to encourage family literacy.

Program Services

DescriptionGrantsExpenses
Read2Dream provides free events to children and parents so they can experience the joy of literacy. The organization also gives away books to children to enhance literacy and provide access to literature.-$8,608
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
CAROL BAKERPresident & CEOPT$0--
ANGELA E SCHERFFELSecretary-$0--
DASHIRA RAMIREZDirector-$0--
HEDI HARRISDirectorPT$0--
ALEX HOSTDirector-$0--
Filing and Contact Details

Filer

Filer Name
Read2dream Foundation
EIN
46-3327409
Phone
6104303233
Address
511 N BRANDYWINE ST, WEST CHESTER, PA 19380

Signing Officer

Name
Carol Baker
Title
President & CEO
Signed
2023-11-14
Discuss with paid preparer
Yes

Preparer

Firm
Boylston Hoffman LLC
Address
1508 McDaniel Dr, West Chester, PA 19380
Preparer
Morgan a Powers CPA
Phone
6107010500
Supplemental Narrative

Additional Explanations

Other Expenses.1002

Office Expenses $745

Other Expenses.1009

Depreciation $171

Other Expenses.1012

Insurance $742

Other Expenses.1

Books for give aways $7258

Other Expenses.2

PA REGISTRATION $90

Other Assets.1002

Furniture and Fixtures - Beginning $600 Furniture and Fixtures - Ending $429

Other Assets.1007

Receivables-Officers, Directors, Etc. - Beginning $925 Receivables-Officers, Directors, Etc. - Ending $925

Other Assets.1010

Inventories - Beginning $600 Inventories - Ending $256

Total Liabilities.1006

Payable to Officers, Directors, Etc. - Beginning $8153 Payable to Officers, Directors, Etc. - Ending $8153

Raw XML Appendix183 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.

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IRS990EZ/TaxImposedOnOrganizationMgrAmt00
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ReturnHeader/Filer/PhoneNum06104303233
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ReturnHeader/TaxPeriodBeginDt02022-01-01
ReturnHeader/TaxPeriodEndDt02022-12-31
ReturnHeader/TaxYr02022

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