Civic Intelligence

Read2Dream Foundation

990EZ • Fiscal year 2022 • EIN 46-3327409

Jan 01, 2022 to Dec 31, 2022 • Filed on Nov 14, 2023

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

2.49x

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

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

Liabilities / Revenue

95th percentile

1.04x

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

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

Net Margin

14th percentile

-33%

Higher net margin than 14% of similar nonprofits.

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

Top Officer Pay

78th percentile

$0

Higher top officer pay than 78% of similar nonprofits.

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

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

Asset Growth

11th percentile

-44%

Faster asset growth than 11% of similar nonprofits.

2022 filings • 501(c)3 • <$500k nonprofits • Annualized from 2021 to 2022

Revenue Growth

12th percentile

-47%

Faster revenue growth than 12% of similar nonprofits.

2022 filings • 501(c)3 • <$500k nonprofits • Annualized from 2021 to 2022

Balance Sheet
Liabilities / Assets97th percentile

Assets

Down

$3,279

Down $2,550 (-44%) from 2021

Net Assets

Down

-$4,874

Down $2,550 (-110%) from 2021

Liabilities

Flat

$8,153

Flat from 2021

Revenue And Expenses
Liabilities / Revenue95th percentileNet Margin14th percentile

Revenue

Down

$7,806

Down $6,824 (-47%) from 2021

Expenses

Down

$10,356

Down $6,971 (-40%) from 2021

Net Income

Up

-$2,550

Up $147 (+5.5%) from 2021

Historical Trend

Balance Sheet Trend

Asset Growth11th 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

2022

Assets$3,279
Liabilities$8,153
Net Assets-$4,874
Open 2022 Filing

Operations Trend

Revenue Growth12th 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

2022

Revenue$7,806
Expenses$10,356
Net Income-$2,550
Open 2022 Filing
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
Top Officer Pay78th percentile

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.

Path#Value
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IRS990EZ/BooksInCareOfDetail/USAddress/CityNm0WEST CHESTER
IRS990EZ/BooksInCareOfDetail/USAddress/StateAbbreviationCd0PA
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IRS990EZ/CashSavingsAndInvestmentsGrp/BOYAmt03704
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IRS990EZ/ExcessOrDeficitForYearAmt0-2550
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IRS990EZ/FiledScheduleAInd0true
IRS990EZ/ForeignFinancialAccountInd0false
IRS990EZ/ForeignOfficeInd0false
IRS990EZ/Form1120PolFiledInd0false
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IRS990EZ/FundraisingGrossIncomeAmt00
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IRS990EZ/InfoInScheduleOPartIIInd0X
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IRS990EZ/LoansToFromOfficersAmt08153
IRS990EZ/LobbyingActivitiesInd0false
IRS990EZ/MadeLoansToFromOfficersInd0true
IRS990EZ/MethodOfAccountingCashInd0X
IRS990EZ/NetAssetsOrFundBalancesBOYAmt0-2324
IRS990EZ/NetAssetsOrFundBalancesEOYAmt0-4874
IRS990EZ/NetAssetsOrFundBalancesGrp/BOYAmt0-2324
IRS990EZ/NetAssetsOrFundBalancesGrp/EOYAmt0-4874
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt020.00
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IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt23.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt36.00
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IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt20
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt30
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt40
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm0CAROL BAKER
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm1ANGELA E SCHERFFEL
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm2DASHIRA RAMIREZ
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm3HEDI HARRIS
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm4ALEX HOST
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt0President & CEO
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt1Secretary
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt2Director
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt3Director
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt4Director
IRS990EZ/OperateHospitalInd0false
IRS990EZ/Organization501c3Ind0X
IRS990EZ/OrganizationDissolvedEtcInd0false
IRS990EZ/OrganizationHadUBIInd0false
IRS990EZ/OtherAssetsTotalDetail/BOYAmt02125
IRS990EZ/OtherAssetsTotalDetail/EOYAmt01610
IRS990EZ/OtherExpensesTotalAmt09006
IRS990EZ/PartVIHghstPdCntrctProfSrvcTxt0NONE
IRS990EZ/PartVIOfCompOfHghstPdEmplTxt0NONE
IRS990EZ/PoliticalCampaignActyInd0false
IRS990EZ/PrimaryExemptPurposeTxt0The 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.
IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt0Read2Dream 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.
IRS990EZ/ProgramSrvcAccomplishmentGrp/ProgramServiceExpensesAmt08608
IRS990EZ/ProhibitedTaxShelterTransInd0false
IRS990EZ/RelatedOrganizationCtrlEntInd0false
IRS990EZ/ScheduleBNotRequiredInd0X
IRS990EZ/SchoolOperatingInd0false
IRS990EZ/SpecialEventsDirectExpensesAmt00
IRS990EZ/StatesWhereCopyOfReturnIsFldCd0PA
IRS990EZ/SubjectToProxyTaxInd0false
IRS990EZ/SumOfTotalLiabilitiesGrp/BOYAmt08153
IRS990EZ/SumOfTotalLiabilitiesGrp/EOYAmt08153
IRS990EZ/TanningServicesProvidedInd0false
IRS990EZ/TaxImposedOnOrganizationMgrAmt00
IRS990EZ/TaxImposedUnderIRC4911Amt00
IRS990EZ/TaxImposedUnderIRC4912Amt00
IRS990EZ/TaxImposedUnderIRC4955Amt00
IRS990EZ/TaxReimbursedByOrganizationAmt00
IRS990EZ/TotalExpensesAmt010356
IRS990EZ/TotalProgramServiceExpensesAmt08608
IRS990EZ/TotalRevenueAmt07806
IRS990EZ/TransactionWithControlEntInd0false
IRS990EZ/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990EZ/TypeOfOrganizationCorpInd0X
IRS990EZ/WebsiteAddressTxt0www.read2dream.com
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt07806
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt014630
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt031930
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt047096
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt035900
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt0137362
IRS990ScheduleA/GovtFurnSrvcFcltsVl170Grp/CurrentTaxYearMinus3YearsAmt0825
IRS990ScheduleA/GovtFurnSrvcFcltsVl170Grp/CurrentTaxYearMinus4YearsAmt02700
IRS990ScheduleA/GovtFurnSrvcFcltsVl170Grp/TotalAmt03525
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt00
IRS990ScheduleA/OtherIncome170Grp/TotalAmt00
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.73900
IRS990ScheduleA/PublicSupportPY170Pct00.69070
IRS990ScheduleA/PublicSupportTotal170Amt0104114
IRS990ScheduleA/SubstantialContributorsTotAmt036773
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft170Grp/TotalAmt00
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt07806
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt014630
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt031930
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt047921
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt038600
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt0140887
IRS990ScheduleA/TotalSupportAmt0140887
IRS990ScheduleA/UnrelatedBusinessNetIncm170Grp/TotalAmt00
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BoardOrCommitteeApprovalInd0true
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BoardOrCommitteeApprovalInd1true
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/DefaultInd0false
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/DefaultInd1false
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanFromOrganizationInd0X
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanPurposeTxt0loan
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanPurposeTxt1loan
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanToOrganizationInd0X
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/OriginalPrincipalAmt08153
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/OriginalPrincipalAmt1925
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/PersonNm0CAROL BAKER
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/PersonNm1CAROL BAKER
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/RelationshipWithOrgTxt0President
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/RelationshipWithOrgTxt1President
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/WrittenAgreementInd0false
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/WrittenAgreementInd1false
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0Office Expenses $745
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1Depreciation $171
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2Insurance $742
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3BOOKS FOR GIVE AWAYS $7258
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4PA REGISTRATION $90
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5Furniture and Fixtures - Beginning $600 Furniture and Fixtures - Ending $429
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6Receivables-Officers, Directors, Etc. - Beginning $925 Receivables-Officers, Directors, Etc. - Ending $925
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7Inventories - Beginning $600 Inventories - Ending $256
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt8Payable to Officers, Directors, Etc. - Beginning $8153 Payable to Officers, Directors, Etc. - Ending $8153
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Other Expenses.1002
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Other Expenses.1009
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Other Expenses.1012
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Other Expenses.1
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Other Expenses.2
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5Other Assets.1002
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6Other Assets.1007
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc7Other Assets.1010
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc8Total Liabilities.1006
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/AuthenticationAssuranceLevelCd0AAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/FederatedAssuranceLevelCd0FAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/IdentityAssuranceLevelCd0IAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/TrustedCustomerCd02
ReturnHeader/BuildTS02023-04-26 12:10:37Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0CAROL BAKER
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0President & CEO
ReturnHeader/BusinessOfficerGrp/SignatureDt02023-11-14
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/IRSResponsiblePrtyInfoCurrInd0true
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0233006832
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0Boylston Hoffman LLC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt01508 McDaniel Dr
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0West Chester
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0PA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd019380
ReturnHeader/PreparerPersonGrp/PhoneNum06107010500
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0MORGAN A POWERS CPA
ReturnHeader/ReturnTs02023-11-14T12:52:15-08:00
ReturnHeader/ReturnTypeCd0990EZ
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0CAROL
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0BAKER
ReturnHeader/TaxPeriodBeginDt02022-01-01
ReturnHeader/TaxPeriodEndDt02022-12-31
ReturnHeader/TaxYr02022

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2022 • Form 990EZDetailed filing. Detailed filing data is available for this year.

Open filing
Assets
$3,279
Liabilities
$8,153
Net assets
-$4,874
Revenue
$7,806
Expenses
$10,356
Net income
-$2,550
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