Civic Intelligence

Read 718 Inc

990EZ • Fiscal year 2017 • EIN 46-4080472

Aug 01, 2016 to Jul 31, 2017 • Filed on Aug 30, 2017

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 2017

Liabilities / Revenue

Score unavailable

No value available

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

Source year 2017

Net Margin

83rd percentile

31%

Higher net margin than 83% of similar nonprofits.

2017 filings • NTEE B99 • <$500k nonprofits • Source year 2017

Top Officer Pay

81st percentile

$19,231

Higher top officer pay than 81% of similar nonprofits.

Top officer pay equals 11.8% of source-year revenue.

2017 filings • NTEE B99 • <$500k nonprofits • Source year 2017

Asset Growth

69th percentile

19%

Faster asset growth than 69% of similar nonprofits.

2017 filings • NTEE B99 • <$500k nonprofits • Annualized from 2016 to 2017

Revenue Growth

87th percentile

78%

Faster revenue growth than 87% of similar nonprofits.

2017 filings • NTEE B99 • <$500k nonprofits • Annualized from 2016 to 2017

Balance Sheet
Liabilities / AssetsScore unavailable

Assets

Up

$313,154

Up $50,596 (+19%) from 2016

Net Assets

Up

$313,154

Up $50,596 (+19%) from 2016

Liabilities

-

No earlier filing loaded for comparison.

Revenue And Expenses
Liabilities / RevenueScore unavailableNet Margin83rd percentile

Revenue

Up

$163,239

Up $71,372 (+78%) from 2016

Expenses

Up

$112,643

Up $35,560 (+46%) from 2016

Net Income

Up

$50,596

Up $35,812 (+242%) from 2016

Historical Trend

Balance Sheet Trend

Asset Growth69th 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

2017

Assets$313,154
Liabilities-
Net Assets$313,154
Open 2017 Filing

Operations Trend

Revenue Growth87th 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

2017

Revenue$163,239
Expenses$112,643
Net Income$50,596
Open 2017 Filing
Jump To
Filing Snapshot
Filing Period
Aug 1, 2016 to Jul 31, 2017
Signed
Aug 30, 2017
Return Version
2016v3.0
Gross Receipts
$163,239
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
In 2016-17, READ 718 provided over 3,000 hours of one-to-one reading instruction to 54 individual 3-8 graders. Each student was assessed by a certified reading specialist and individual instructional plans were created for each student. READ 718 trained over 60 volunteer tutors who implemented lessons. In 2017, we also started our Saturday Reading Room, a program for 1st-3rd graders. We had 22 participants and 12 high school volunteers. Finally, we conducted three, free educational workshops for parents, teachers, volunteers, and other community members.--
Compensation and Service Providers
Top Officer Pay81st percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Emily KirvenPresidentFT$19,231-$19,231
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
2017-08-30
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 $90”

Other Expenses.1003

“Information Technology $2431”

Other Expenses.1007

“Conferences, Conventions, and Meetings $1765”

Other Expenses.1009

“Depreciation $14595”

Other Expenses.1012

“Insurance $3453”

Other Expenses.1

“Office Expenses $5704”

Other Expenses.2

“Educational Supplies $3241”

Other Expenses.3

“Dues and Subscriptions $527”

Other Expenses.5

“Bank Charges $225”

Other Expenses.6

“Licenses and Permits $125”

Other Expenses.7

“Meals and Entertainment $61”

Other Assets.1002

“Furniture and Fixtures - Beginning $3690 Furniture and Fixtures - Ending $2663”

Other Assets.1003

“Machinery and Equipment - Beginning $1119 Machinery and Equipment - Ending $754”

Raw XML Appendix162 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
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IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm0Emily Kirven
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IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm2Susannah Taylor
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IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm4Kate Roberts
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt0President
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IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt4Director
IRS990EZ/OperateHospitalInd0false
IRS990EZ/Organization501c3Ind0X
IRS990EZ/OrganizationDissolvedEtcInd0false
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IRS990EZ/OrganizationHadUBIInd0false
IRS990EZ/OtherAssetsTotalDetail/BOYAmt04809
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IRS990EZ/OtherExpensesTotalAmt032217
IRS990EZ/PartVIHghstPdCntrctProfSrvcTxt0NONE
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IRS990EZ/PoliticalCampaignActyInd0false
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IRS990EZ/PrintingPublicationsPostageAmt0365
IRS990EZ/ProgramServiceRevenueAmt05236
IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt0In 2016-17, READ 718 provided over 3,000 hours of one-to-one reading instruction to 54 individual 3-8 graders. Each student was assessed by a certified reading specialist and individual instructional plans were created for each student. READ 718 trained over 60 volunteer tutors who implemented lessons. In 2017, we also started our Saturday Reading Room, a program for 1st-3rd graders. We had 22 participants and 12 high school volunteers. Finally, we conducted three, free educational workshops for parents, teachers, volunteers, and other community members.
IRS990EZ/ProhibitedTaxShelterTransInd0false
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IRS990ScheduleA/UnrelatedBusinessNetIncm170Grp/TotalAmt00
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0Advertising and Promotion $90
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1Information Technology $2431
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2Conferences, Conventions, and Meetings $1765
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3Depreciation $14595
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4Insurance $3453
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5Office Expenses $5704
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6Educational Supplies $3241
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7Dues and Subscriptions $527
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt8Bank Charges $225
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt9Licenses and Permits $125
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt10Meals and Entertainment $61
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt11Furniture and Fixtures - Beginning $3690 Furniture and Fixtures - Ending $2663
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt12Machinery and Equipment - Beginning $1119 Machinery and Equipment - Ending $754
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ReturnHeader/BuildTS02017-02-10 21:41:12Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0Emily Kirven
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0President
ReturnHeader/BusinessOfficerGrp/SignatureDt02017-08-30
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/ReturnTs02017-08-30T13:16:01-07:00
ReturnHeader/ReturnTypeCd0990EZ
ReturnHeader/TaxPeriodBeginDt02016-08-01
ReturnHeader/TaxPeriodEndDt02017-07-31
ReturnHeader/TaxYr02016

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
$313,154
Liabilities
-
Net assets
$313,154
Revenue
$163,239
Expenses
$112,643
Net income
$50,596
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