Civic Intelligence

Reading Engineering Teams Inc.

990EZ • Fiscal year 2019 • EIN 46-5231808

Sep 01, 2018 to Aug 31, 2019 • Filed on Jul 01, 2020

Organization ProfileRobockets.org
PO Box 81Reading, MA 01867

(781) 640-7447

Siviq Scores

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

Liabilities / Assets

57th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2019 filings • 501(c)3 • <$500k nonprofits • Source year 2019

Liabilities / Revenue

57th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2019 filings • 501(c)3 • <$500k nonprofits • Source year 2019

Net Margin

76th percentile

20%

Higher net margin than 76% of similar nonprofits.

2019 filings • 501(c)3 • <$500k nonprofits • Source year 2019

Top Officer Pay

77th percentile

$0

Higher top officer pay than 77% of similar nonprofits.

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

2019 filings • 501(c)3 • <$500k nonprofits • Source year 2019

Asset Growth

67th percentile

15%

Faster asset growth than 67% of similar nonprofits.

2019 filings • 501(c)3 • <$500k nonprofits • Annualized from 2018 to 2019

Revenue Growth

49th percentile

0.1%

Faster revenue growth than 49% of similar nonprofits.

2019 filings • 501(c)3 • <$500k nonprofits • Annualized from 2018 to 2019

Balance Sheet
Liabilities / Assets57th percentile

Assets

Up

$44,890

Up $5,736 (+15%) from 2018

Net Assets

Up

$44,890

Up $5,986 (+15%) from 2018

Liabilities

Down

$0

Down $250 (-100%) from 2018

Revenue And Expenses
Liabilities / Revenue57th percentileNet Margin76th percentile

Revenue

Up

$28,531

Up $41 (+0.1%) from 2018

Expenses

Up

$22,795

Up $5,689 (+33%) from 2018

Net Income

Down

$5,736

Down $5,648 (-50%) from 2018

Historical Trend

Balance Sheet Trend

Asset Growth67th percentile

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

$80K$60K$40K$20K$0Assets 2015: $16,093Net Assets 2015: $16,0932015Assets 2016: $6,819Liabilities 2016: $02016Assets 2017: $27,520Liabilities 2017: $02017Assets 2018: $39,154Liabilities 2018: $250Net Assets 2018: $38,9042018Assets 2019: $44,890Liabilities 2019: $0Net Assets 2019: $44,8902019Assets 2020: $46,060Liabilities 2020: $102Net Assets 2020: $45,9582020Assets 2021: $50,148Liabilities 2021: $0Net Assets 2021: $50,1482021Assets 2022: $44,893Liabilities 2022: $0Net Assets 2022: $44,8932022Assets 2023: $56,229Liabilities 2023: $0Net Assets 2023: $56,2292023Assets 2024: $57,063Liabilities 2024: $0Net Assets 2024: $57,0632024Assets 2025: $63,822Liabilities 2025: $0Net Assets 2025: $63,8222025

Highlighted filing

2019

Assets$44,890
Liabilities$0
Net Assets$44,890
Open 2019 Filing

Operations Trend

Revenue Growth49th percentile

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

$80K$60K$40K$20K$0-$20KRevenue 2015: $40,865Expenses 2015: $24,772Net Income 2015: $16,0932015Revenue 2016: $59,923Expenses 2016: $69,557Net Income 2016: -$9,6342016Revenue 2017: $40,801Expenses 2017: $20,100Net Income 2017: $20,7012017Revenue 2018: $28,490Expenses 2018: $17,106Net Income 2018: $11,3842018Revenue 2019: $28,531Expenses 2019: $22,795Net Income 2019: $5,7362019Revenue 2020: $15,790Expenses 2020: $14,722Net Income 2020: $1,0682020Revenue 2021: $9,952Expenses 2021: $5,762Net Income 2021: $4,1902021Revenue 2022: $7,099Expenses 2022: $12,354Net Income 2022: -$5,2552022Revenue 2023: $24,043Expenses 2023: $12,707Net Income 2023: $11,3362023Revenue 2024: $23,056Expenses 2024: $22,222Net Income 2024: $8342024Revenue 2025: $20,168Expenses 2025: $13,409Net Income 2025: $6,7592025

Highlighted filing

2019

Revenue$28,531
Expenses$22,795
Net Income$5,736
Open 2019 Filing
Jump To
Filing Snapshot
Filing Period
Sep 1, 2018 to Aug 31, 2019
Signed
Jul 1, 2020
Return Version
2018v3.0
Gross Receipts
$36,921
Mission and Program Overview

Mission

To provide a means of funding and financial support to the Reading Robockets (Team 4761), a FIRST Robotics Competition Team at Reading Memorial High School.

Program Services

DescriptionGrantsExpenses
Support Reading Memorial High School FRC Robotics Team in building competition robot and attending NE FIRST Competitions (2) over the course of the year. Forty-six (46) students and 15 adult mentors participated in this program in 2018-19. Through outreach activities (ie. Science Expo and Library events), the team inspires appreciation for STEM within the community.$0$20,370
Scholarships for seven (7) Reading Memorial High School Engineering Team Students$1,750$1,750
Compensation and Service Providers
Top Officer Pay77th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Lisa GoldsmithPresident-$0--
Lori GordonTreasurer-$0--
Sanat PatelClerk-$0--
Robert HayesVice President-$0--
David VentolaDirector-$0--
Carmine MazzarellaDirector-$0--
Kristin MurrayDirector-$0--
Fundraising, Events, and Gaming

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Northshore District Competition - Reading$19,591$19,591$212$19,379
Total Events$19,591$19,591$8,390$11,201
Filing and Contact Details

Filer

Filer Name
Reading Engineering Teams Inc
EIN
46-5231808
Phone
7816407447
Address
PO Box 81, Reading, MA 01867

Signing Officer

Name
Lori Gordon
Title
Treasurer
Phone
7816407447
Signed
2020-07-01
Supplemental Narrative

Additional Explanations

Form 990-EZ, Part I, Line 10

“Scholarships to seven graduating seniors on the Robotics Team at Reading Memorial High School.”

Form 990-EZ, Part I, Line 16

“Description;Amount^Registration Fees for Events;5475|Robot Parts and Shop Materials;13496|Community Outreach and Awards;774|Team banquet and food for meetings;339|Travel Trailer Rental;286|Office Supplies and Administration;225^Total;20595^”

Form 990-EZ, Part I, Line 20

“Scholarship for one student was not claimed.”

Raw XML Appendix209 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/BooksInCareOfDetail/USAddress/CityNm0Reading
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IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm0Lisa Goldsmith
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm1Lori Gordon
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm2Sanat Patel
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm3Robert Hayes
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm4David Ventola
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm5Carmine Mazzarella
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm6Kristin Murray
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt0President
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt1Treasurer
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt2Clerk
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt3Vice President
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt4Director
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt5Director
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt6Director
IRS990EZ/OperateHospitalInd00
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IRS990EZ/OrganizationDissolvedEtcInd00
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IRS990EZ/OtherChangesInNetAssetsAmt0250
IRS990EZ/OtherExpensesTotalAmt020595
IRS990EZ/OtherRevenueTotalAmt00
IRS990EZ/PartVIHghstPdCntrctProfSrvcTxt0NONE
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IRS990EZ/PoliticalCampaignActyInd00
IRS990EZ/PrimaryExemptPurposeTxt0To provide a means of funding and financial support to the Reading Robockets (Team 4761), a FIRST Robotics Competition Team at Reading Memorial High School.
IRS990EZ/PrintingPublicationsPostageAmt0300
IRS990EZ/ProgramServiceRevenueAmt00
IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt0Support Reading Memorial High School FRC Robotics Team in building competition robot and attending NE FIRST Competitions (2) over the course of the year. Forty-six (46) students and 15 adult mentors participated in this program in 2018-19. Through outreach activities (ie. Science Expo and Library events), the team inspires appreciation for STEM within the community.
IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt1Scholarships for seven (7) Reading Memorial High School Engineering Team Students
IRS990EZ/ProgramSrvcAccomplishmentGrp/GrantsAndAllocationsAmt00
IRS990EZ/ProgramSrvcAccomplishmentGrp/GrantsAndAllocationsAmt11750
IRS990EZ/ProgramSrvcAccomplishmentGrp/ProgramServiceExpensesAmt020370
IRS990EZ/ProgramSrvcAccomplishmentGrp/ProgramServiceExpensesAmt11750
IRS990EZ/ProhibitedTaxShelterTransInd00
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IRS990EZ/SaleOfAssetsGrossAmt00
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IRS990EZ/SchoolOperatingInd00
IRS990EZ/SpecialEventsDirectExpensesAmt08390
IRS990EZ/SpecialEventsNetIncomeLossAmt011201
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IRS990EZ/SumOfTotalLiabilitiesGrp/BOYAmt0250
IRS990EZ/SumOfTotalLiabilitiesGrp/EOYAmt00
IRS990EZ/TanningServicesProvidedInd00
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IRS990EZ/WebsiteAddressTxt0Robockets.org
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IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus3YearsAmt047843
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus4YearsAmt035433
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt0154592
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IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt0255900
IRS990ScheduleG/FundraisingEventInformationGrp/CashPrizesEvent1Amt00
IRS990ScheduleG/FundraisingEventInformationGrp/CashPrizesTotalEventsAmt00
IRS990ScheduleG/FundraisingEventInformationGrp/CharitableContributionsTotAmt00
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IRS990ScheduleG/FundraisingEventInformationGrp/EntertainmentEvent1Amt00
IRS990ScheduleG/FundraisingEventInformationGrp/EntertainmentOtherEventsAmt00
IRS990ScheduleG/FundraisingEventInformationGrp/EntertainmentTotalEventsAmt00
IRS990ScheduleG/FundraisingEventInformationGrp/Event1Nm0Northshore District Competition - Reading
IRS990ScheduleG/FundraisingEventInformationGrp/FoodAndBeverageEvent1Amt08178
IRS990ScheduleG/FundraisingEventInformationGrp/FoodAndBeverageOtherEventsAmt00
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IRS990ScheduleG/FundraisingEventInformationGrp/RentFcltyCostsTotalEventsAmt00
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0Scholarships to seven graduating seniors on the Robotics Team at Reading Memorial High School.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1Description;Amount^Registration Fees for Events;5475|Robot Parts and Shop Materials;13496|Community Outreach and Awards;774|Team banquet and food for meetings;339|Travel Trailer Rental;286|Office Supplies and Administration;225^Total;20595^
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2Scholarship for one student was not claimed.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990-EZ, Part I, Line 10
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990-EZ, Part I, Line 16
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990-EZ, Part I, Line 20
ReasonableCauseExplanation/ExplanationTxt0Extension was filed on December 15, 2019 and approved on January 6, 2020.
ReturnHeader/BuildTS02022-01-07 14:23:13Z
ReturnHeader/BusinessOfficerGrp/PersonNm0Lori Gordon
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0Treasurer
ReturnHeader/BusinessOfficerGrp/PhoneNum07816407447
ReturnHeader/BusinessOfficerGrp/SignatureDt02020-07-01
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0READING ENGINEERING TEAMS INC
ReturnHeader/Filer/BusinessNameControlTxt0READ
ReturnHeader/Filer/EIN0465231808
ReturnHeader/Filer/PhoneNum07816407447
ReturnHeader/Filer/USAddress/AddressLine1Txt0PO Box 81
ReturnHeader/Filer/USAddress/CityNm0Reading
ReturnHeader/Filer/USAddress/StateAbbreviationCd0MA
ReturnHeader/Filer/USAddress/ZIPCd001867
ReturnHeader/FilingSecurityInformation/IPAddress/IPv4AddressTxt0173.48.114.121
ReturnHeader/ReturnTs02020-07-01T16:35:49-07:00
ReturnHeader/ReturnTypeCd0990EZ
ReturnHeader/TaxPeriodBeginDt02018-09-01
ReturnHeader/TaxPeriodEndDt02019-08-31
ReturnHeader/TaxYr02018

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2019 • Form 990EZDetailed filing. Detailed filing data is available for this year.

Open filing
Assets
$44,890
Liabilities
$0
Net assets
$44,890
Revenue
$28,531
Expenses
$22,795
Net income
$5,736
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$63.8$0.00$63.8$20.2$13.4$6.76
2024Detailed filing. Detailed filing data is available for this year.$57.1$0.00$57.1$23.1$22.2$0.83
2023Detailed filing. Detailed filing data is available for this year.$56.2$0.00$56.2$24.0$12.7$11.3
2022Detailed filing. Detailed filing data is available for this year.$44.9$0.00$44.9$7.10$12.4$5.26
2021Detailed filing. Detailed filing data is available for this year.$50.1$0.00$50.1$9.95$5.76$4.19
2020Detailed filing. Detailed filing data is available for this year.$46.1$0.10$46.0$15.8$14.7$1.07
2019Detailed filing. Detailed filing data is available for this year.$44.9$0.00$44.9$28.5$22.8$5.74
2018Detailed filing. Detailed filing data is available for this year.$39.2$0.25$38.9$28.5$17.1$11.4
2017Summary only. Only limited summary data is available for this year.$27.5$0.00$40.8$20.1$20.7
2016Summary only. Only limited summary data is available for this year.$6.82$0.00$59.9$69.6$9.63
2015Detailed filing. Detailed filing data is available for this year.$16.1$16.1$40.9$24.8$16.1