Civic Intelligence

Reading Engineering Teams Inc.

990EZ • Fiscal year 2020 • EIN 46-5231808

Sep 01, 2019 to Aug 31, 2020 • Filed on Feb 17, 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

57th percentile

0.00x

Higher debt load relative to assets than 57% of similar nonprofits.

2020 filings • 501(c)3 • <$500k nonprofits • Source year 2020

Liabilities / Revenue

60th percentile

0.01x

Higher debt load relative to revenue than 60% of similar nonprofits.

2020 filings • 501(c)3 • <$500k nonprofits • Source year 2020

Net Margin

53rd percentile

6.8%

Higher net margin than 53% of similar nonprofits.

2020 filings • 501(c)3 • <$500k nonprofits • Source year 2020

Top Officer Pay

76th percentile

$0

Higher top officer pay than 76% of similar nonprofits.

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

2020 filings • 501(c)3 • <$500k nonprofits • Source year 2020

Asset Growth

48th percentile

2.6%

Faster asset growth than 48% of similar nonprofits.

2020 filings • 501(c)3 • <$500k nonprofits • Annualized from 2019 to 2020

Revenue Growth

25th percentile

-45%

Faster revenue growth than 25% of similar nonprofits.

2020 filings • 501(c)3 • <$500k nonprofits • Annualized from 2019 to 2020

Balance Sheet
Liabilities / Assets57th percentile

Assets

Up

$46,060

Up $1,170 (+2.6%) from 2019

Net Assets

Up

$45,958

Up $1,068 (+2.4%) from 2019

Liabilities

Up

$102

Up $102 from 2019

Revenue And Expenses
Liabilities / Revenue60th percentileNet Margin53rd percentile

Revenue

Down

$15,790

Down $12,741 (-45%) from 2019

Expenses

Down

$14,722

Down $8,073 (-35%) from 2019

Net Income

Down

$1,068

Down $4,668 (-81%) from 2019

Historical Trend

Balance Sheet Trend

Asset Growth48th 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

2020

Assets$46,060
Liabilities$102
Net Assets$45,958
Open 2020 Filing

Operations Trend

Revenue Growth25th 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

2020

Revenue$15,790
Expenses$14,722
Net Income$1,068
Open 2020 Filing
Jump To
Filing Snapshot
Filing Period
Sep 1, 2019 to Aug 31, 2020
Signed
Feb 17, 2021
Return Version
2019v5.0
Gross Receipts
$15,790
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. Twenty-nine (29) students and 10 adult mentors participated in this program in 2019-20. Through outreach activities (ie. Science Expo and Library events), the team inspires appreciation for STEM within the community.$0$12,851
Compensation and Service Providers
Top Officer Pay76th 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
2021-02-17
Supplemental Narrative

Additional Explanations

Form 990-EZ, Part I, Line 16

“See schedule O, Statement 2”

Form 990-EZ, Part II, Line 26

“Description;EOY Amount^Accounts Payable;102^Total;102^”

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.

Path#Value
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IRS990EZ/BooksInCareOfDetail/USAddress/CityNm0Reading
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IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm3Robert Hayes
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm4David Ventola
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm5Carmine Mazzarella
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt0President
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt1Treasurer
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt2Clerk
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt3Director
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt4Director
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt5Director
IRS990EZ/OperateHospitalInd00
IRS990EZ/Organization501c3Ind0X
IRS990EZ/OrganizationDissolvedEtcInd00
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IRS990EZ/OtherAssetsTotalDetail/BOYAmt00
IRS990EZ/OtherAssetsTotalDetail/EOYAmt00
IRS990EZ/OtherChangesInNetAssetsAmt00
IRS990EZ/OtherExpensesTotalAmt014563
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/PrintingPublicationsPostageAmt0159
IRS990EZ/ProgramServiceRevenueAmt00
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IRS990EZ/ProgramSrvcAccomplishmentGrp/GrantsAndAllocationsAmt00
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IRS990EZ/ProhibitedTaxShelterTransInd00
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IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearAmt015790
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus1YearAmt017330
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0See schedule O, Statement 2
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1Description;EOY Amount^Accounts Payable;102^Total;102^
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990-EZ, Part I, Line 16
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990-EZ, Part II, Line 26
ReasonableCauseExplanation/ExplanationTxt0Prior Treasurer had COVID19 and I have taken of duties of Treasurer and filed return.
ReturnHeader/BuildTS02022-09-23 18:48:47Z
ReturnHeader/BusinessOfficerGrp/PersonNm0Craig Merry
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0Treasurer
ReturnHeader/BusinessOfficerGrp/PhoneNum07817791466
ReturnHeader/BusinessOfficerGrp/SignatureDt02021-02-17
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0READING ENGINEERING TEAMS INC
ReturnHeader/Filer/BusinessNameControlTxt0READ
ReturnHeader/Filer/EIN0465231808
ReturnHeader/Filer/PhoneNum07817791466
ReturnHeader/Filer/USAddress/AddressLine1Txt0PO Box 81
ReturnHeader/Filer/USAddress/CityNm0Reading
ReturnHeader/Filer/USAddress/StateAbbreviationCd0MA
ReturnHeader/Filer/USAddress/ZIPCd001867
ReturnHeader/ReturnTs02021-03-01T17:22:15-07:00
ReturnHeader/ReturnTypeCd0990EZ
ReturnHeader/TaxPeriodBeginDt02019-09-01
ReturnHeader/TaxPeriodEndDt02020-08-31
ReturnHeader/TaxYr02019

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2020 • Form 990EZDetailed filing. Detailed filing data is available for this year.

Open filing
Assets
$46,060
Liabilities
$102
Net assets
$45,958
Revenue
$15,790
Expenses
$14,722
Net income
$1,068
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