Civic Intelligence

Reading Engineering Teams Inc.

990EZ • Fiscal year 2021 • EIN 46-5231808

Sep 01, 2020 to Aug 31, 2021 • Filed on Oct 05, 2021

Organization ProfileRobockets.org
PO Box 81Reading, MA 01867

(781) 779-1466

Siviq Scores

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

Liabilities / Assets

56th percentile

0.00x

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

2021 filings • 501(c)3 • <$500k nonprofits • Source year 2021

Liabilities / Revenue

56th percentile

0.00x

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

2021 filings • 501(c)3 • <$500k nonprofits • Source year 2021

Net Margin

83rd percentile

42%

Higher net margin than 83% of similar nonprofits.

2021 filings • 501(c)3 • <$500k nonprofits • Source year 2021

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.

2021 filings • 501(c)3 • <$500k nonprofits • Source year 2021

Asset Growth

54th percentile

8.9%

Faster asset growth than 54% of similar nonprofits.

2021 filings • 501(c)3 • <$500k nonprofits • Annualized from 2020 to 2021

Revenue Growth

22nd percentile

-37%

Faster revenue growth than 22% of similar nonprofits.

2021 filings • 501(c)3 • <$500k nonprofits • Annualized from 2020 to 2021

Balance Sheet
Liabilities / Assets56th percentile

Assets

Up

$50,148

Up $4,088 (+8.9%) from 2020

Net Assets

Up

$50,148

Up $4,190 (+9.1%) from 2020

Liabilities

Down

$0

Down $102 (-100%) from 2020

Revenue And Expenses
Liabilities / Revenue56th percentileNet Margin83rd percentile

Revenue

Down

$9,952

Down $5,838 (-37%) from 2020

Expenses

Down

$5,762

Down $8,960 (-61%) from 2020

Net Income

Up

$4,190

Up $3,122 (+292%) from 2020

Historical Trend

Balance Sheet Trend

Asset Growth54th 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

2021

Assets$50,148
Liabilities$0
Net Assets$50,148
Open 2021 Filing

Operations Trend

Revenue Growth22nd 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

2021

Revenue$9,952
Expenses$5,762
Net Income$4,190
Open 2021 Filing
Jump To
Filing Snapshot
Filing Period
Sep 1, 2020 to Aug 31, 2021
Signed
Oct 5, 2021
Return Version
2020v4.0
Gross Receipts
$9,952
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 virtually. Twenty-nine (29) students and 10 adult mentors participated in this program in 2020-21. Through outreach activities (ie. Science Expo and Library events), the team inspires appreciation for STEM within the community.$9,769$2,476
Compensation and Service Providers
Top Officer Pay77th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Sanat PatelPresident-$0--
Craig MerryTreasurer-$0--
Lynn WolterClerk-$0--
Robert HayesDirector-$0--
David VentolaDirector-$0--
Carmine MazzarellaDirector-$0--
Filing and Contact Details

Filer

Filer Name
Reading Engineering Teams Inc
EIN
46-5231808
Phone
7817791466
Address
PO Box 81, Reading, MA 01867

Signing Officer

Name
Craig Merry
Title
Treasurer
Phone
7817791466
Signed
2021-10-05
Supplemental Narrative

Additional Explanations

Form 990-EZ, Part I, Line 16

“Support Reading Memorial High School FRC Robotics team in buiding robot for competitions over the course of the year. Twenty nine(29) students and 3 adult mentors.”

Raw XML Appendix167 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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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0Support Reading Memorial High School FRC Robotics team in buiding robot for competitions over the course of the year. Twenty nine(29) students and 3 adult mentors.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990-EZ, Part I, Line 16
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/AuthenticationAssuranceLevelCd0AAL2
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ReturnHeader/BuildTS02022-09-23 18:48:47Z
ReturnHeader/BusinessOfficerGrp/PersonNm0Craig Merry
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0Treasurer
ReturnHeader/BusinessOfficerGrp/PhoneNum07817791466
ReturnHeader/BusinessOfficerGrp/SignatureDt02021-10-05
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0READING ENGINEERING TEAMS INC
ReturnHeader/Filer/BusinessNameControlTxt0READ
ReturnHeader/Filer/EIN0465231808
ReturnHeader/Filer/PhoneNum07817791466
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ReturnHeader/Filer/USAddress/CityNm0Reading
ReturnHeader/Filer/USAddress/StateAbbreviationCd0MA
ReturnHeader/Filer/USAddress/ZIPCd001867
ReturnHeader/ReturnTs02021-10-06T16:24:44-07:00
ReturnHeader/ReturnTypeCd0990EZ
ReturnHeader/TaxPeriodBeginDt02020-09-01
ReturnHeader/TaxPeriodEndDt02021-08-31
ReturnHeader/TaxYr02020

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2021 • Form 990EZDetailed filing. Detailed filing data is available for this year.

Open filing
Assets
$50,148
Liabilities
$0
Net assets
$50,148
Revenue
$9,952
Expenses
$5,762
Net income
$4,190
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