Civic Intelligence

Reading Engineering Teams Inc.

990EZ • Fiscal year 2024 • EIN 46-5231808

Sep 01, 2023 to Aug 31, 2024 • Filed on Jan 14, 2025

Organization ProfileRobockets.org
PO Box 81Reading, MA 01867

(781) 258-3345

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.

2024 filings • 501(c)3 • <$500k nonprofits • Source year 2024

Liabilities / Revenue

57th percentile

0.00x

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

2024 filings • 501(c)3 • <$500k nonprofits • Source year 2024

Net Margin

51st percentile

3.6%

Higher net margin than 51% of similar nonprofits.

2024 filings • 501(c)3 • <$500k nonprofits • Source year 2024

Top Officer Pay

79th percentile

$0

Higher top officer pay than 79% of similar nonprofits.

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

2024 filings • 501(c)3 • <$500k nonprofits • Source year 2024

Asset Growth

51st percentile

1.5%

Faster asset growth than 51% of similar nonprofits.

2024 filings • 501(c)3 • <$500k nonprofits • Annualized from 2023 to 2024

Revenue Growth

41st percentile

-4.1%

Faster revenue growth than 41% of similar nonprofits.

2024 filings • 501(c)3 • <$500k nonprofits • Annualized from 2023 to 2024

Balance Sheet
Liabilities / Assets56th percentile

Assets

Up

$57,063

Up $834 (+1.5%) from 2023

Net Assets

Up

$57,063

Up $834 (+1.5%) from 2023

Liabilities

Flat

$0

Flat from 2023

Revenue And Expenses
Liabilities / Revenue57th percentileNet Margin51st percentile

Revenue

Down

$23,056

Down $987 (-4.1%) from 2023

Expenses

Up

$22,222

Up $9,515 (+75%) from 2023

Net Income

Down

$834

Down $10,502 (-93%) from 2023

Historical Trend

Balance Sheet Trend

Asset Growth51st 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

2024

Assets$57,063
Liabilities$0
Net Assets$57,063
Open 2024 Filing

Operations Trend

Revenue Growth41st 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

2024

Revenue$23,056
Expenses$22,222
Net Income$834
Open 2024 Filing
Jump To
Filing Snapshot
Filing Period
Sep 1, 2023 to Aug 31, 2024
Signed
Jan 14, 2025
Return Version
2023v6.0
Gross Receipts
$31,530
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. Through outreach activities, the team inspires appreciation for STEM within the community.$0$18,309
Scholarships for Reading Memorial High School students.$0$1,500
Compensation and Service Providers
Top Officer Pay79th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Sanat PatelPresident-$0--
Rachael NokesTreasurer-$0--
Lynn WolterClerk-$0--
Eileen ManningDirector-$0--
Akshita RaoDirector-$0--
Carmine MazzarellaDirector-$0--
Fundraising, Events, and Gaming

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
North Shore Event$16,962$16,962$0$16,962
Total Events$16,962$16,962$8,474$8,488
Filing and Contact Details

Filer

Filer Name
Reading Engineering Teams Inc
EIN
46-5231808
Phone
7812583345
Address
PO Box 81, Reading, MA 01867

Signing Officer

Name
Rachael Nokes
Title
Treasurer
Phone
7812583345
Signed
2025-01-14
Supplemental Narrative

Additional Explanations

Form 990-EZ, Part I, Line 16

“Program fees including durable and non-durable costs for the robot and shop, insurance, annual banquet, competition fees, supplies and scholarships for seniors.”

Raw XML Appendix190 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/PersonNm0Rachael Nokes
IRS990EZ/BooksInCareOfDetail/PhoneNum07812583345
IRS990EZ/BooksInCareOfDetail/USAddress/AddressLine1Txt0PO Box 81
IRS990EZ/BooksInCareOfDetail/USAddress/CityNm0Reading
IRS990EZ/BooksInCareOfDetail/USAddress/StateAbbreviationCd0MA
IRS990EZ/BooksInCareOfDetail/USAddress/ZIPCd001867
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IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt10
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IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt50
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm0Sanat Patel
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm1Rachael Nokes
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm2Lynn Wolter
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm3Eileen Manning
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm4Akshita Rao
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
IRS990EZ/OrganizationHadUBIInd00
IRS990EZ/OtherAssetsTotalDetail/BOYAmt00
IRS990EZ/OtherAssetsTotalDetail/EOYAmt00
IRS990EZ/OtherChangesInNetAssetsAmt00
IRS990EZ/OtherExpensesTotalAmt022222
IRS990EZ/OtherRevenueTotalAmt00
IRS990EZ/PartVIHghstPdCntrctProfSrvcTxt0NONE
IRS990EZ/PartVIOfCompOfHghstPdEmplTxt0NONE
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/PrintingPublicationsPostageAmt00
IRS990EZ/ProgramServiceRevenueAmt00
IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt0Support Reading Memorial High School FRC Robotics Team in building competition robot and attending NE FIRST Competitions. Through outreach activities, the team inspires appreciation for STEM within the community.
IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt1Scholarships for Reading Memorial High School students.
IRS990EZ/ProgramSrvcAccomplishmentGrp/GrantsAndAllocationsAmt00
IRS990EZ/ProgramSrvcAccomplishmentGrp/GrantsAndAllocationsAmt10
IRS990EZ/ProgramSrvcAccomplishmentGrp/ProgramServiceExpensesAmt018309
IRS990EZ/ProgramSrvcAccomplishmentGrp/ProgramServiceExpensesAmt11500
IRS990EZ/ProhibitedTaxShelterTransInd00
IRS990EZ/RelatedOrganizationCtrlEntInd00
IRS990EZ/SalariesOtherCompEmplBnftAmt00
IRS990EZ/SaleOfAssetsGrossAmt00
IRS990EZ/ScheduleBNotRequiredInd0X
IRS990EZ/SchoolOperatingInd00
IRS990EZ/SpecialEventsDirectExpensesAmt08474
IRS990EZ/SpecialEventsNetIncomeLossAmt08488
IRS990EZ/StatesWhereCopyOfReturnIsFldCd0MA
IRS990EZ/SubjectToProxyTaxInd00
IRS990EZ/SumOfTotalLiabilitiesGrp/BOYAmt00
IRS990EZ/SumOfTotalLiabilitiesGrp/EOYAmt00
IRS990EZ/TanningServicesProvidedInd00
IRS990EZ/TaxImposedOnOrganizationMgrAmt00
IRS990EZ/TaxImposedUnderIRC4911Amt00
IRS990EZ/TaxImposedUnderIRC4912Amt00
IRS990EZ/TaxImposedUnderIRC4955Amt00
IRS990EZ/TaxReimbursedByOrganizationAmt00
IRS990EZ/TotalExpensesAmt022222
IRS990EZ/TotalProgramServiceExpensesAmt019809
IRS990EZ/TotalRevenueAmt023056
IRS990EZ/TransactionWithControlEntInd00
IRS990EZ/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990EZ/TypeOfOrganizationCorpInd0X
IRS990EZ/WebsiteAddressTxt0Robockets.org
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearAmt014568
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus1YearAmt011625
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus2YearsAmt02787
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus3YearsAmt09952
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus4YearsAmt015790
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt054722
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt016962
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt026754
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IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus3YearsAmt00
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus4YearsAmt00
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt057770
IRS990ScheduleA/InvestmentIncomeCYPct00
IRS990ScheduleA/InvestmentIncomePYPct00
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct01
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IRS990ScheduleA/ThirtyThrPctSuprtTestsPY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt031530
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IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt09952
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt015790
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt0112492
IRS990ScheduleG/FundraisingEventInformationGrp/CashPrizesEvent1Amt00
IRS990ScheduleG/FundraisingEventInformationGrp/CashPrizesTotalEventsAmt00
IRS990ScheduleG/FundraisingEventInformationGrp/CharitableContributionsTotAmt00
IRS990ScheduleG/FundraisingEventInformationGrp/CharitableContriEvent1Amt00
IRS990ScheduleG/FundraisingEventInformationGrp/DirectExpenseSummaryEventsAmt08474
IRS990ScheduleG/FundraisingEventInformationGrp/EntertainmentEvent1Amt00
IRS990ScheduleG/FundraisingEventInformationGrp/EntertainmentOtherEventsAmt00
IRS990ScheduleG/FundraisingEventInformationGrp/EntertainmentTotalEventsAmt00
IRS990ScheduleG/FundraisingEventInformationGrp/Event1Nm0North Shore Event
IRS990ScheduleG/FundraisingEventInformationGrp/FoodAndBeverageEvent1Amt08474
IRS990ScheduleG/FundraisingEventInformationGrp/FoodAndBeverageOtherEventsAmt00
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IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueEvent1Amt016962
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IRS990ScheduleG/FundraisingEventInformationGrp/NetIncomeSummaryAmt08488
IRS990ScheduleG/FundraisingEventInformationGrp/NonCashPrizesEvent1Amt00
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IRS990ScheduleG/FundraisingEventInformationGrp/OthDirectExpnssTotalEventsAmt00
IRS990ScheduleG/FundraisingEventInformationGrp/OtherDirectExpensesEvent1Amt00
IRS990ScheduleG/FundraisingEventInformationGrp/RentFacilityCostsEvent1Amt00
IRS990ScheduleG/FundraisingEventInformationGrp/RentFcltyCostsTotalEventsAmt00
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0Program fees including durable and non-durable costs for the robot and shop, insurance, annual banquet, competition fees, supplies and scholarships for seniors.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990-EZ, Part I, Line 16
ReturnHeader/BuildTS02024-10-15 13:58:12Z
ReturnHeader/BusinessOfficerGrp/PersonNm0Rachael Nokes
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0Treasurer
ReturnHeader/BusinessOfficerGrp/PhoneNum07812583345
ReturnHeader/BusinessOfficerGrp/SignatureDt02025-01-14
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0READING ENGINEERING TEAMS INC
ReturnHeader/Filer/BusinessNameControlTxt0READ
ReturnHeader/Filer/EIN0465231808
ReturnHeader/Filer/PhoneNum07812583345
ReturnHeader/Filer/USAddress/AddressLine1Txt0PO Box 81
ReturnHeader/Filer/USAddress/CityNm0Reading
ReturnHeader/Filer/USAddress/StateAbbreviationCd0MA
ReturnHeader/Filer/USAddress/ZIPCd001867
ReturnHeader/IRSResponsiblePrtyInfoCurrInd01
ReturnHeader/ReturnTs02025-01-14T20:26:55-07:00
ReturnHeader/ReturnTypeCd0990EZ
ReturnHeader/TaxPeriodBeginDt02023-09-01
ReturnHeader/TaxPeriodEndDt02024-08-31
ReturnHeader/TaxYr02023

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2024 • Form 990EZDetailed filing. Detailed filing data is available for this year.

Open filing
Assets
$57,063
Liabilities
$0
Net assets
$57,063
Revenue
$23,056
Expenses
$22,222
Net income
$834
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