Civic Intelligence

Read2Dream Foundation

990EZ • Fiscal year 2016 • EIN 46-3327409

Jan 01, 2016 to Dec 31, 2016 • Filed on Oct 11, 2017

Organization Profilewww.read2dream.com
511 N Brandywine StWest Chester, PA 19380

(610) 430-3233

Siviq Scores

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

Liabilities / Assets

92nd percentile

0.73x

Higher debt load relative to assets than 92% of similar nonprofits.

2016 filings • 501(c)3 • <$500k nonprofits • Source year 2016

Liabilities / Revenue

90th percentile

0.33x

Higher debt load relative to revenue than 90% of similar nonprofits.

2016 filings • 501(c)3 • <$500k nonprofits • Source year 2016

Net Margin

51st percentile

3.3%

Higher net margin than 51% of similar nonprofits.

2016 filings • 501(c)3 • <$500k nonprofits • Source year 2016

Top Officer Pay

75th percentile

$0

Higher top officer pay than 75% of similar nonprofits.

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

2016 filings • 501(c)3 • <$500k nonprofits • Source year 2016

Asset Growth

97th percentile

410%

Faster asset growth than 97% of similar nonprofits.

2016 filings • 501(c)3 • <$500k nonprofits • Annualized from 2015 to 2016

Revenue Growth

88th percentile

60%

Faster revenue growth than 88% of similar nonprofits.

2016 filings • 501(c)3 • <$500k nonprofits • Annualized from 2015 to 2016

Balance Sheet
Liabilities / Assets92nd percentile

Assets

Up

$10,650

Up $8,561 (+410%) from 2015

Net Assets

Up

$2,872

Up $783 (+37%) from 2015

Liabilities

$7,778

No earlier filing loaded for comparison.

Revenue And Expenses
Liabilities / Revenue90th percentileNet Margin51st percentile

Revenue

Up

$23,648

Up $8,826 (+60%) from 2015

Expenses

Up

$22,865

Up $10,132 (+80%) from 2015

Net Income

Down

$783

Down $1,306 (-63%) from 2015

Historical Trend

Balance Sheet Trend

Asset Growth97th percentile

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

$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

2016

Assets$10,650
Liabilities$7,778
Net Assets$2,872
Open 2016 Filing

Operations Trend

Revenue Growth88th percentile

Revenue, expenses, and net income across loaded years, with this 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

2016

Revenue$23,648
Expenses$22,865
Net Income$783
Open 2016 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2016 to Dec 31, 2016
Signed
Oct 11, 2017
Return Version
2016v3.0
Gross Receipts
$23,648
Mission and Program Overview

Mission

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.

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

Program Services

DescriptionGrantsExpenses
Read2Dream provides free events to children and parents so they can experience the joy of literacy. The community events encourages children to read and educates the children and parents about the Read2Dream website for reaching literary goals for their age group. There were 2 large community events which involved roughly 700 children plus parents.$14,501$10,000
Read2Dream provides free events to children and parents so they can experience the joy of literacy. They provided 4 focus group events for low income families, low achieving students, homeless children and children of Domestic Violence. 305 children received a "book bundle"$2,745$1,200
Compensation and Service Providers
Top Officer Pay75th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
CAROL BAKERPresident & CEOPT$0--
ANGELA E SCHERFFELSecretary-$0--
CHRISTIA SLAVINDirector-$0--
CONSTANCE BOMPADREDirector-$0--
LAWERENCE DELPINODirector-$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
2017-10-11
Discuss with paid preparer
Yes

Preparer

Firm
Rothman Boylston LLC
Address
1508 McDaniel Drive, West Chester, PA 19380
Preparer
Joy L Alford CPA
Phone
6107010500
Supplemental Narrative

Additional Explanations

Other Expenses.1001

“Advertising and Promotion $252”

Other Expenses.1

“EVENT EXPENSES $6296”

Other Expenses.2

“Books for give aways $5068”

Other Expenses.3

“PRIZE GIVE AWAYS $3217”

Other Expenses.4

“Professional education $2515”

Other Expenses.5

“FOOD FOR EVENTS $1848”

Other Expenses.6

“UTILITIES $859”

Other Expenses.7

“OFFICE EXPENSES $822”

Other Expenses.9

“INSURANCE $498”

Other Assets.1007

“Receivables-Officers, Directors, Etc. - Beginning $426 Receivables-Officers, Directors, Etc. - Ending $925”

Total Liabilities.1006

“Payable to Officers, Directors, Etc. - Beginning $0 Payable to Officers, Directors, Etc. - Ending $7778”

Raw XML Appendix165 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/USAddress/CityNm0WEST CHESTER
IRS990EZ/BooksInCareOfDetail/USAddress/StateAbbreviationCd0PA
IRS990EZ/BooksInCareOfDetail/USAddress/ZIPCd019380
IRS990EZ/CashSavingsAndInvestmentsGrp/BOYAmt01663
IRS990EZ/CashSavingsAndInvestmentsGrp/EOYAmt09725
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IRS990EZ/CostOfGoodsSoldAmt00
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IRS990EZ/ExcessOrDeficitForYearAmt0783
IRS990EZ/FeesAndOtherPymtToIndCntrctAmt0925
IRS990EZ/FiledScheduleAInd0true
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IRS990EZ/LobbyingActivitiesInd0false
IRS990EZ/MadeLoansToFromOfficersInd0true
IRS990EZ/MethodOfAccountingCashInd0X
IRS990EZ/NetAssetsOrFundBalancesBOYAmt02089
IRS990EZ/NetAssetsOrFundBalancesEOYAmt02872
IRS990EZ/NetAssetsOrFundBalancesGrp/BOYAmt02089
IRS990EZ/NetAssetsOrFundBalancesGrp/EOYAmt02872
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt010.00
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IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt42.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt10
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt20
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt30
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt40
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm0CAROL BAKER
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm1ANGELA E SCHERFFEL
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm2CHRISTIA SLAVIN
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm3CONSTANCE BOMPADRE
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm4LAWERENCE DELPINO
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt0President & CEO
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt1Secretary
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt2Director
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt3Director
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt4Director
IRS990EZ/OperateHospitalInd0false
IRS990EZ/Organization501c3Ind0X
IRS990EZ/OrganizationDissolvedEtcInd0false
IRS990EZ/OrganizationFiled990TInd0false
IRS990EZ/OrganizationHadUBIInd0false
IRS990EZ/OtherAssetsTotalDetail/BOYAmt0426
IRS990EZ/OtherAssetsTotalDetail/EOYAmt0925
IRS990EZ/OtherExpensesTotalAmt021375
IRS990EZ/PartVIHghstPdCntrctProfSrvcTxt0NONE
IRS990EZ/PartVIOfCompOfHghstPdEmplTxt0NONE
IRS990EZ/PoliticalCampaignActyInd0false
IRS990EZ/PrimaryExemptPurposeTxt0The Read2Dream Foundation is organized to operate a children's reading program.
IRS990EZ/PrintingPublicationsPostageAmt0565
IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt0Read2Dream provides free events to children and parents so they can experience the joy of literacy. The community events encourages children to read and educates the children and parents about the Read2Dream website for reaching literary goals for their age group. There were 2 large community events which involved roughly 700 children plus parents.
IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt1Read2Dream provides free events to children and parents so they can experience the joy of literacy. They provided 4 focus group events for low income families, low achieving students, homeless children and children of Domestic Violence. 305 children received a "book bundle"
IRS990EZ/ProgramSrvcAccomplishmentGrp/GrantsAndAllocationsAmt014501
IRS990EZ/ProgramSrvcAccomplishmentGrp/GrantsAndAllocationsAmt12745
IRS990EZ/ProgramSrvcAccomplishmentGrp/ProgramServiceExpensesAmt010000
IRS990EZ/ProgramSrvcAccomplishmentGrp/ProgramServiceExpensesAmt11200
IRS990EZ/ProhibitedTaxShelterTransInd0false
IRS990EZ/RelatedOrganizationCtrlEntInd0false
IRS990EZ/RelatedOrgSect527OrgInd0false
IRS990EZ/SchoolOperatingInd0false
IRS990EZ/SpecialEventsDirectExpensesAmt00
IRS990EZ/SubjectToProxyTaxInd0false
IRS990EZ/SumOfTotalLiabilitiesGrp/EOYAmt07778
IRS990EZ/TanningServicesProvidedInd0false
IRS990EZ/TotalExpensesAmt022865
IRS990EZ/TotalProgramServiceExpensesAmt017246
IRS990EZ/TotalRevenueAmt023648
IRS990EZ/TransactionWithControlEntInd0false
IRS990EZ/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990EZ/TypeOfOrganizationCorpInd0X
IRS990EZ/WebsiteAddressTxt0www.read2dream.com
IRS990ScheduleA/First5Years170Ind0X
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt023647
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt014822
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt038469
IRS990ScheduleA/GovtFurnSrvcFcltsVl170Grp/TotalAmt00
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt00
IRS990ScheduleA/OtherIncome170Grp/TotalAmt00
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.00000
IRS990ScheduleA/PublicSupportTotal170Amt07994
IRS990ScheduleA/SubstantialContributorsTotAmt030475
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft170Grp/TotalAmt00
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt023647
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt014822
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt038469
IRS990ScheduleA/TotalSupportAmt038469
IRS990ScheduleA/UnrelatedBusinessNetIncm170Grp/TotalAmt00
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/ExplanationTxt0Advertising and Promotion $252
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1EVENT EXPENSES $6296
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2BOOKS FOR GIVE AWAYS $5068
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3PRIZE GIVE AWAYS $3217
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4PROFESSIONAL EDUCATION $2515
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5FOOD FOR EVENTS $1848
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6UTILITIES $859
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7OFFICE EXPENSES $822
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt8INSURANCE $498
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt9Receivables-Officers, Directors, Etc. - Beginning $426 Receivables-Officers, Directors, Etc. - Ending $925
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt10Payable to Officers, Directors, Etc. - Beginning $0 Payable to Officers, Directors, Etc. - Ending $7778
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Other Expenses.1001
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Other Expenses.1
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Other Expenses.2
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Other Expenses.3
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Other Expenses.4
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5Other Expenses.5
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6Other Expenses.6
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc7Other Expenses.7
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc8Other Expenses.9
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc9Other Assets.1007
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc10Total Liabilities.1006
ReturnHeader/BuildTS02017-02-10 21:41:12Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0CAROL BAKER
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0President & CEO
ReturnHeader/BusinessOfficerGrp/SignatureDt02017-10-11
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0READ2DREAM FOUNDATION
ReturnHeader/Filer/BusinessNameControlTxt0READ
ReturnHeader/Filer/EIN0463327409
ReturnHeader/Filer/PhoneNum06104303233
ReturnHeader/Filer/USAddress/AddressLine1Txt0511 N BRANDYWINE ST
ReturnHeader/Filer/USAddress/CityNm0WEST CHESTER
ReturnHeader/Filer/USAddress/StateAbbreviationCd0PA
ReturnHeader/Filer/USAddress/ZIPCd019380
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0Rothman Boylston LLC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt01508 McDaniel Drive
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0West Chester
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0PA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd019380
ReturnHeader/PreparerPersonGrp/PhoneNum06107010500
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0JOY L ALFORD CPA
ReturnHeader/ReturnTs02017-10-11T13:04:24-07:00
ReturnHeader/ReturnTypeCd0990EZ
ReturnHeader/TaxPeriodBeginDt02016-01-01
ReturnHeader/TaxPeriodEndDt02016-12-31
ReturnHeader/TaxYr02016

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2016 • Form 990EZDetailed filing. Detailed filing data is available for this year.

Open filing
Assets
$10,650
Liabilities
$7,778
Net assets
$2,872
Revenue
$23,648
Expenses
$22,865
Net income
$783
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.69$8.15$6.46$7.14$8.73$1.59
2022Detailed filing. Detailed filing data is available for this year.$3.28$8.15$4.87$7.81$10.4$2.55
2021Detailed filing. Detailed filing data is available for this year.$5.83$8.15$2.32$14.6$17.3$2.70
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$8.53$8.15$0.37$31.9$30.2$1.76
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$6.77$8.15$1.39$47.9$45.3$2.63
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$3.77$7.78$4.01$35.9$35.3$0.57
2017Detailed filing. Detailed filing data is available for this year.$3.20$7.78$4.58$18.0$25.5$7.45
2016Detailed filing. Detailed filing data is available for this year.$10.7$7.78$2.87$23.6$22.9$0.78
2015XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.09$2.09$14.8$12.7$2.09