Civic Intelligence

Read 718 Inc

990EZ • Fiscal year 2016 • EIN 46-4080472

Aug 01, 2015 to Jul 31, 2016 • Filed on Sep 06, 2016

Organization Profileread718.org
420 Atlantic AvenueBrooklyn, NY 11217

(917) 575-8752

Siviq Scores

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

Liabilities / Assets

Score unavailable

No value available

Liabilities-to-assets requires both liabilities and assets on this filing.

Source year 2016

Liabilities / Revenue

Score unavailable

No value available

Liabilities-to-revenue requires both liabilities and revenue on this filing.

Source year 2016

Net Margin

68th percentile

16%

Higher net margin than 68% of similar nonprofits.

2016 filings • NTEE B99 • <$500k nonprofits • Source year 2016

Top Officer Pay

71st percentile

$0

Higher top officer pay than 71% of similar nonprofits.

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

2016 filings • NTEE B99 • <$500k nonprofits • Source year 2016

Asset Growth

51st percentile

6.0%

Faster asset growth than 51% of similar nonprofits.

2016 filings • NTEE B99 • <$500k nonprofits • Annualized from 2015 to 2016

Revenue Growth

5th percentile

-68%

Faster revenue growth than 5% of similar nonprofits.

2016 filings • NTEE B99 • <$500k nonprofits • Annualized from 2015 to 2016

Balance Sheet
Liabilities / AssetsScore unavailable

Assets

Up

$262,558

Up $14,784 (+6.0%) from 2015

Net Assets

Up

$262,558

Up $14,784 (+6.0%) from 2015

Liabilities

-

No earlier filing loaded for comparison.

Revenue And Expenses
Liabilities / RevenueScore unavailableNet Margin68th percentile

Revenue

Down

$91,867

Down $197,687 (-68%) from 2015

Expenses

Up

$77,083

Up $39,357 (+104%) from 2015

Net Income

Down

$14,784

Down $237,044 (-94%) from 2015

Historical Trend

Balance Sheet Trend

Asset Growth51st percentile

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

$1.0M$500K$0Assets 2015: $247,774Liabilities 2015: $0Net Assets 2015: $247,7742015Assets 2016: $262,558Net Assets 2016: $262,5582016Assets 2017: $313,154Net Assets 2017: $313,1542017Assets 2018: $351,273Liabilities 2018: $0Net Assets 2018: $351,2732018Assets 2019: $408,143Liabilities 2019: $0Net Assets 2019: $408,1432019Assets 2020: $506,182Liabilities 2020: $43,045Net Assets 2020: $463,1372020Assets 2021: $674,221Liabilities 2021: $56,228Net Assets 2021: $617,9932021Assets 2022: $774,569Liabilities 2022: $8,373Net Assets 2022: $766,1962022Assets 2023: $827,534Liabilities 2023: $12,647Net Assets 2023: $814,8872023Assets 2024: $905,321Liabilities 2024: $6,954Net Assets 2024: $898,3672024

Highlighted filing

2016

Assets$262,558
Liabilities-
Net Assets$262,558
Open 2016 Filing

Operations Trend

Revenue Growth5th percentile

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

$1.0M$500K$0Revenue 2015: $289,554Expenses 2015: $37,726Net Income 2015: $251,8282015Revenue 2016: $91,867Expenses 2016: $77,083Net Income 2016: $14,7842016Revenue 2017: $163,239Expenses 2017: $112,643Net Income 2017: $50,5962017Revenue 2018: $220,695Expenses 2018: $182,576Net Income 2018: $38,1192018Revenue 2019: $279,609Expenses 2019: $247,714Net Income 2019: $31,8952019Revenue 2020: $375,811Expenses 2020: $320,817Net Income 2020: $54,9942020Revenue 2021: $515,252Expenses 2021: $412,945Net Income 2021: $102,3072021Revenue 2022: $708,000Expenses 2022: $559,797Net Income 2022: $148,2032022Revenue 2023: $744,534Expenses 2023: $695,843Net Income 2023: $48,6912023Revenue 2024: $912,681Expenses 2024: $829,201Net Income 2024: $83,4802024

Highlighted filing

2016

Revenue$91,867
Expenses$77,083
Net Income$14,784
Open 2016 Filing
Jump To
Filing Snapshot
Filing Period
Aug 1, 2015 to Jul 31, 2016
Signed
Sep 6, 2016
Return Version
2015v2.0
Gross Receipts
$91,867
Mission and Program Overview

Mission

Read 718 offers free or low cost individualized reading instruction, literacy tutoring, and mentorship to low-income students in grades four through eight located in Brooklyn.

Program Services

DescriptionGrantsExpenses
There have been 48 students literacy skills assessed by a certified reading specialist and instructional plans created for each student. Fifty-five volunteer tutors have been screened and trained to provide instruction to students. For the 48 students that have participated in targeted literacy sessions at READ 718, a total of 2,000 hours of one-to-one instruction have been provided.$32,987-
Compensation and Service Providers
Top Officer Pay71st percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Emily KirvenPresidentFT$0--
Michael KirvenDirector-$0--
Susannah TaylorDirector-$0--
Sharon WurtzelDirector-$0--
Kate RobertsDirector-$0--
Filing and Contact Details

Filer

Filer Name
READ 718 Inc
EIN
46-4080472
Phone
9175758752
Address
420 Atlantic Avenue, Brooklyn, NY 11217

Signing Officer

Name
Emily Kirven
Title
President
Signed
2016-09-06
Discuss with paid preparer
Yes

Preparer

Firm
Korje Tax Professionals Inc
Address
928 BROADWAY SUITE 707, NEW YORK, NY 10010
Preparer
Koreen Jervis
Phone
2126771132
Supplemental Narrative

Additional Explanations

Other Expenses.1001

“Advertising and Promotion $1664”

Other Expenses.1002

“Office Expenses $3315”

Other Expenses.1003

“Information Technology $602”

Other Expenses.1005

“Travel $7”

Other Expenses.1007

“Conferences, Conventions, and Meetings $560”

Other Expenses.1009

“Depreciation $16661”

Other Expenses.1012

“Insurance $3154”

Other Expenses.1

“Educational Supplies $2896”

Other Expenses.3

“Meals and Entertainment $613”

Other Expenses.4

“Dues and Subscriptions $544”

Other Assets.1002

“Furniture and Fixtures - Beginning $4469 Furniture and Fixtures - Ending $3690”

Other Assets.1003

“Machinery and Equipment - Beginning $1672 Machinery and Equipment - Ending $1119”

Raw XML Appendix160 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/OfficerDirectorTrusteeEmplGrp/CompensationAmt30
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt40
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm0Emily Kirven
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm1Michael Kirven
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm2Susannah Taylor
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm3Sharon Wurtzel
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm4Kate Roberts
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt0President
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt1Director
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt2Director
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt3Director
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt4Director
IRS990EZ/OperateHospitalInd0false
IRS990EZ/Organization501c3Ind0X
IRS990EZ/OrganizationDissolvedEtcInd0false
IRS990EZ/OrganizationFiled990TInd0false
IRS990EZ/OrganizationHadUBIInd0false
IRS990EZ/OtherAssetsTotalDetail/BOYAmt06141
IRS990EZ/OtherAssetsTotalDetail/EOYAmt04809
IRS990EZ/OtherExpensesTotalAmt030016
IRS990EZ/PartVIHghstPdCntrctProfSrvcTxt0NONE
IRS990EZ/PartVIOfCompOfHghstPdEmplTxt0NONE
IRS990EZ/PoliticalCampaignActyInd0false
IRS990EZ/PrimaryExemptPurposeTxt0Read 718 offers free or low cost individualized reading instruction, literacy tutoring, and mentorship to low-income students in grades four through eight located in Brooklyn.
IRS990EZ/PrintingPublicationsPostageAmt02369
IRS990EZ/ProgramServiceRevenueAmt04875
IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt0There have been 48 students literacy skills assessed by a certified reading specialist and instructional plans created for each student. Fifty-five volunteer tutors have been screened and trained to provide instruction to students. For the 48 students that have participated in targeted literacy sessions at READ 718, a total of 2,000 hours of one-to-one instruction have been provided.
IRS990EZ/ProgramSrvcAccomplishmentGrp/GrantsAndAllocationsAmt032987
IRS990EZ/ProhibitedTaxShelterTransInd0false
IRS990EZ/RelatedOrganizationCtrlEntInd0false
IRS990EZ/RelatedOrgSect527OrgInd0false
IRS990EZ/SalariesOtherCompEmplBnftAmt017663
IRS990EZ/ScheduleBNotRequiredInd0X
IRS990EZ/SchoolOperatingInd0false
IRS990EZ/SpecialEventsDirectExpensesAmt00
IRS990EZ/StatesWhereCopyOfReturnIsFldCd0NY
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IRS990EZ/TotalRevenueAmt091867
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IRS990EZ/TypeOfOrganizationCorpInd0X
IRS990EZ/WebsiteAddressTxt0http://read718.org/
IRS990ScheduleA/First5Years170Ind0X
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt086992
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt0288629
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt0375621
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IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.00000
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IRS990ScheduleA/SubstantialContributorsTotAmt00
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft170Grp/TotalAmt00
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt086992
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt0288629
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt0375621
IRS990ScheduleA/TotalSupportAmt0375621
IRS990ScheduleA/UnrelatedBusinessNetIncm170Grp/TotalAmt00
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0Advertising and Promotion $1664
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1Office Expenses $3315
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2Information Technology $602
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3Travel $7
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4Conferences, Conventions, and Meetings $560
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5Depreciation $16661
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6Insurance $3154
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7Educational Supplies $2896
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt8Meals and Entertainment $613
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt9Dues and Subscriptions $544
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt10Furniture and Fixtures - Beginning $4469 Furniture and Fixtures - Ending $3690
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt11Machinery and Equipment - Beginning $1672 Machinery and Equipment - Ending $1119
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Other Expenses.1001
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IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc7Other Expenses.1
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc8Other Expenses.3
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ReturnHeader/BuildTS02016-12-15 16:53:06Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0Emily Kirven
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0President
ReturnHeader/BusinessOfficerGrp/SignatureDt02016-09-06
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0READ 718 Inc
ReturnHeader/Filer/BusinessNameControlTxt0READ
ReturnHeader/Filer/EIN0464080472
ReturnHeader/Filer/PhoneNum09175758752
ReturnHeader/Filer/USAddress/AddressLine1Txt0420 Atlantic Avenue
ReturnHeader/Filer/USAddress/CityNm0Brooklyn
ReturnHeader/Filer/USAddress/StateAbbreviationCd0NY
ReturnHeader/Filer/USAddress/ZIPCd011217
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0KORJE TAX PROFESSIONALS INC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0928 BROADWAY SUITE 707
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0NEW YORK
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0NY
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd010010
ReturnHeader/PreparerPersonGrp/PhoneNum02126771132
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0Koreen Jervis
ReturnHeader/ReturnTs02016-09-06T11:40:45-07:00
ReturnHeader/ReturnTypeCd0990EZ
ReturnHeader/TaxPeriodBeginDt02015-08-01
ReturnHeader/TaxPeriodEndDt02016-07-31
ReturnHeader/TaxYr02015

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
$262,558
Liabilities
-
Net assets
$262,558
Revenue
$91,867
Expenses
$77,083
Net income
$14,784
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$9.05$0.07$8.98$9.13$8.29$0.83
2023Detailed filing. Detailed filing data is available for this year.$8.28$0.13$8.15$7.45$6.96$0.49
2022Detailed filing. Detailed filing data is available for this year.$7.75$0.08$7.66$7.08$5.60$1.48
2021Detailed filing. Detailed filing data is available for this year.$6.74$0.56$6.18$5.15$4.13$1.02
2020Detailed filing. Detailed filing data is available for this year.$5.06$0.43$4.63$3.76$3.21$0.55
2019Detailed filing. Detailed filing data is available for this year.$4.08$0.00$4.08$2.80$2.48$0.32
2018Detailed filing. Detailed filing data is available for this year.$3.51$0.00$3.51$2.21$1.83$0.38
2017Detailed filing. Detailed filing data is available for this year.$3.13$3.13$1.63$1.13$0.51
2016Detailed filing. Detailed filing data is available for this year.$2.63$2.63$0.92$0.77$0.15
2015Detailed filing. Detailed filing data is available for this year.$2.48$0.00$2.48$2.90$0.38$2.52