Civic Intelligence

Read2Dream Foundation

990EZ • Fiscal year 2017 • EIN 46-3327409

Jan 01, 2017 to Dec 31, 2017 • Filed on Oct 11, 2018

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

97th percentile

2.43x

Higher debt load relative to assets than 97% of similar nonprofits.

2017 filings • 501(c)3 • <$500k nonprofits • Source year 2017

Liabilities / Revenue

91st percentile

0.43x

Higher debt load relative to revenue than 91% of similar nonprofits.

2017 filings • 501(c)3 • <$500k nonprofits • Source year 2017

Net Margin

9th percentile

-41%

Higher net margin than 9% of similar nonprofits.

2017 filings • 501(c)3 • <$500k nonprofits • Source year 2017

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.

2017 filings • 501(c)3 • <$500k nonprofits • Source year 2017

Asset Growth

5th percentile

-70%

Faster asset growth than 5% of similar nonprofits.

2017 filings • 501(c)3 • <$500k nonprofits • Annualized from 2016 to 2017

Revenue Growth

20th percentile

-24%

Faster revenue growth than 20% of similar nonprofits.

2017 filings • 501(c)3 • <$500k nonprofits • Annualized from 2016 to 2017

Balance Sheet
Liabilities / Assets97th percentile

Assets

Down

$3,198

Down $7,452 (-70%) from 2016

Net Assets

Down

-$4,580

Down $7,452 (-259%) from 2016

Liabilities

Flat

$7,778

Flat from 2016

Revenue And Expenses
Liabilities / Revenue91st percentileNet Margin9th percentile

Revenue

Down

$18,006

Down $5,642 (-24%) from 2016

Expenses

Up

$25,458

Up $2,593 (+11%) from 2016

Net Income

Down

-$7,452

Down $8,235 (-1052%) from 2016

Historical Trend

Balance Sheet Trend

Asset Growth5th 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

2017

Assets$3,198
Liabilities$7,778
Net Assets-$4,580
Open 2017 Filing

Operations Trend

Revenue Growth20th 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

2017

Revenue$18,006
Expenses$25,458
Net Income-$7,452
Open 2017 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2017 to Dec 31, 2017
Signed
Oct 11, 2018
Return Version
2017v2.2
Gross Receipts
$18,006
Mission and Program Overview

Mission

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 so the children can reach literary goals for their age group. These community events involved over 1500 children. The children recieved over 4000 books as well as many other give away items. There were many fun days with free food and entertainment for all. A local university and Public Library have donated $4920 in facilities rental to aaccomplish our mission.$19,443-
Compensation and Service Providers
Top Officer Pay84th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
CAROL BAKERPresident & CEOPT$0--
ANGELA E SCHERFFELSecretaryPT$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
2018-10-11
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.1

“PRIZE GIVE AWAYS $12193”

Other Expenses.2

“Books for give aways $3425”

Other Expenses.3

“EVENT EXPENSES $3397”

Other Expenses.4

“FOOD FOR EVENTS $2096”

Other Expenses.5

“OFFICE EXPENSES $1098”

Other Expenses.6

“INSURANCE $875”

Other Assets.1007

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

Total Liabilities.1006

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

Raw XML Appendix152 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
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IRS990EZ/LobbyingActivitiesInd0false
IRS990EZ/MadeLoansToFromOfficersInd0true
IRS990EZ/MethodOfAccountingCashInd0X
IRS990EZ/NetAssetsOrFundBalancesBOYAmt02872
IRS990EZ/NetAssetsOrFundBalancesEOYAmt0-4580
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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/BOYAmt0925
IRS990EZ/OtherAssetsTotalDetail/EOYAmt0925
IRS990EZ/OtherExpensesTotalAmt023084
IRS990EZ/PartVIHghstPdCntrctProfSrvcTxt0NONE
IRS990EZ/PartVIOfCompOfHghstPdEmplTxt0NONE
IRS990EZ/PoliticalCampaignActyInd0false
IRS990EZ/PrimaryExemptPurposeTxt0The Read2Dream Foundation is organized to operate a children's reading program.
IRS990EZ/PrintingPublicationsPostageAmt0481
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 so the children can reach literary goals for their age group. These community events involved over 1500 children. The children recieved over 4000 books as well as many other give away items. There were many fun days with free food and entertainment for all. A local university and Public Library have donated $4920 in facilities rental to aaccomplish our mission.
IRS990EZ/ProgramSrvcAccomplishmentGrp/GrantsAndAllocationsAmt019443
IRS990EZ/ProhibitedTaxShelterTransInd0false
IRS990EZ/RelatedOrganizationCtrlEntInd0false
IRS990EZ/RelatedOrgSect527OrgInd0false
IRS990EZ/SchoolOperatingInd0false
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IRS990EZ/SubjectToProxyTaxInd0false
IRS990EZ/SumOfTotalLiabilitiesGrp/BOYAmt07778
IRS990EZ/SumOfTotalLiabilitiesGrp/EOYAmt07778
IRS990EZ/TanningServicesProvidedInd0false
IRS990EZ/TotalExpensesAmt025458
IRS990EZ/TotalProgramServiceExpensesAmt019443
IRS990EZ/TotalRevenueAmt018006
IRS990EZ/TransactionWithControlEntInd0false
IRS990EZ/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990EZ/TypeOfOrganizationCorpInd0X
IRS990EZ/WebsiteAddressTxt0www.read2dream.com
IRS990ScheduleA/First5Years170Ind0X
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt019077
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt023647
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt014822
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt057546
IRS990ScheduleA/GovtFurnSrvcFcltsVl170Grp/TotalAmt00
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt00
IRS990ScheduleA/OtherIncome170Grp/TotalAmt00
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.00000
IRS990ScheduleA/PublicSupportTotal170Amt015816
IRS990ScheduleA/SubstantialContributorsTotAmt041730
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft170Grp/TotalAmt00
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt019077
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt023647
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt014822
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt057546
IRS990ScheduleA/TotalSupportAmt057546
IRS990ScheduleA/UnrelatedBusinessNetIncm170Grp/TotalAmt00
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0PRIZE GIVE AWAYS $12193
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1BOOKS FOR GIVE AWAYS $3425
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2EVENT EXPENSES $3397
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3FOOD FOR EVENTS $2096
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4OFFICE EXPENSES $1098
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5INSURANCE $875
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6Receivables-Officers, Directors, Etc. - Beginning $925 Receivables-Officers, Directors, Etc. - Ending $925
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IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Other Expenses.1
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ReturnHeader/BuildTS02018-06-14 16:35:46Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0CAROL BAKER
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0President & CEO
ReturnHeader/BusinessOfficerGrp/SignatureDt02018-10-11
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
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ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0233006832
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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/ReturnTs02018-10-11T06:09:56-07:00
ReturnHeader/ReturnTypeCd0990EZ
ReturnHeader/TaxPeriodBeginDt02017-01-01
ReturnHeader/TaxPeriodEndDt02017-12-31
ReturnHeader/TaxYr02017

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2017 • Form 990EZDetailed filing. Detailed filing data is available for this year.

Open filing
Assets
$3,198
Liabilities
$7,778
Net assets
-$4,580
Revenue
$18,006
Expenses
$25,458
Net income
-$7,452
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
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$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