Civic Intelligence

The Read to Me Project

990 • Fiscal year 2020 • EIN 47-1224251

Jul 01, 2019 to Jun 30, 2020 • Filed on Nov 04, 2020

P O Box 6434Salinas, CA 93912-6434

(831) 236-3462

Siviq Scores

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

Liabilities / Assets

70th percentile

0.05x

Higher debt load relative to assets than 70% of similar nonprofits.

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

Liabilities / Revenue

71st percentile

0.05x

Higher debt load relative to revenue than 71% of similar nonprofits.

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

Net Margin

58th percentile

11%

Higher net margin than 58% 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

61st percentile

13%

Faster asset growth than 61% of similar nonprofits.

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

Revenue Growth

50th percentile

-14%

Faster revenue growth than 50% of similar nonprofits.

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

Assets

Up

$427,699

Up $49,256 (+13%) from 2019

Net Assets

Up

$408,053

Up $44,889 (+12%) from 2019

Liabilities

Up

$19,646

Up $4,367 (+29%) from 2019

Revenue

Down

$414,991

Down $65,195 (-14%) from 2019

Expenses

Up

$370,102

Up $12,949 (+3.6%) from 2019

Net Income

Down

$44,889

Down $78,144 (-64%) from 2019

Historical Trend

Balance Sheet Trend

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

$800K$600K$400K$200K$0Assets 2015: $108,125Liabilities 2015: $657Net Assets 2015: $107,4682015Assets 2016: $128,201Liabilities 2016: $1,157Net Assets 2016: $127,0442016Assets 2017: $170,044Liabilities 2017: $1,477Net Assets 2017: $168,5672017Assets 2018: $241,697Liabilities 2018: $1,566Net Assets 2018: $240,1312018Assets 2019: $378,443Liabilities 2019: $15,279Net Assets 2019: $363,1642019Assets 2020: $427,699Liabilities 2020: $19,646Net Assets 2020: $408,0532020Assets 2021: $419,717Liabilities 2021: $24,064Net Assets 2021: $395,6532021Assets 2022: $560,498Liabilities 2022: $26,380Net Assets 2022: $534,1182022Assets 2023: $642,439Liabilities 2023: $12,279Net Assets 2023: $630,1602023Assets 2024: $631,244Liabilities 2024: $8,240Net Assets 2024: $623,0042024Assets 2025: $745,440Liabilities 2025: $17,846Net Assets 2025: $727,5942025

Highlighted filing

2020

Assets$427,699
Liabilities$19,646
Net Assets$408,053

Operations Trend

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

$600K$400K$200K$0-$200KRevenue 2015: $100,555Expenses 2015: $51,400Net Income 2015: $49,1552015Revenue 2016: $184,087Expenses 2016: $164,510Net Income 2016: $19,5772016Revenue 2017: $305,150Expenses 2017: $263,627Net Income 2017: $41,5232017Revenue 2018: $333,997Expenses 2018: $262,015Net Income 2018: $71,9822018Revenue 2019: $480,186Expenses 2019: $357,153Net Income 2019: $123,0332019Revenue 2020: $414,991Expenses 2020: $370,102Net Income 2020: $44,8892020Revenue 2021: $354,355Expenses 2021: $366,755Net Income 2021: -$12,4002021Revenue 2022: $524,585Expenses 2022: $386,120Net Income 2022: $138,4652022Revenue 2023: $478,771Expenses 2023: $382,729Net Income 2023: $96,0422023Revenue 2024: $437,360Expenses 2024: $444,516Net Income 2024: -$7,1562024Revenue 2025: $577,094Expenses 2025: $472,504Net Income 2025: $104,5902025

Highlighted filing

2020

Revenue$414,991
Expenses$370,102
Net Income$44,889
Jump To
Filing Snapshot
Filing Period
Jul 1, 2019 to Jun 30, 2020
Signed
Nov 4, 2020
Return Version
2019v5.1
Gross Receipts
$414,991
Mission and Program Overview

Mission

The Read to Me Project helps underserved children achieve kindergarten readiness & a lifetime of literacy by empowering school-age children to read to their young siblings at home. We raise public awareness of the importance of language & pre-reading in the first 5 years of life.

Read to Me Project helps under-served children achieve kindergarten readiness and a lifetime of literacy by empowering school age brothers and sisters to read to their young siblings at home.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$376,310$427,380▲ $51,070
Prepaid Expenses and Deferred Charges$1,796$319▼ $1,477
Land, Buildings, and Equipment, Net$237--
Accounts Receivable$100--
Total Assets$378,443$427,699▲ $49,256
Liabilities
Accounts Payable and Accrued Expenses$15,279$19,646▲ $4,367
Total Liabilities$15,279$19,646▲ $4,367
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$175,914$244,553▲ $68,639
Net Assets With Donor Restrictions$187,250$163,500▼ $23,750
Total Net Assets Fund Balance$363,164$408,053▲ $44,889
Total Liabilities and Net Assets / Fund Balance$378,443$427,699▲ $49,256
Compensation and Service Providers

Board Members and Trustees

Revenue and Support

Revenue Composition

Contributions and Grants
$356,891
Program Service Revenue
$58,100
Investment Income
$0
Other Revenue
$0
All Other Contributions
$356,891
Change in Net Assets
$44,889
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$316,278
Total Fundraising Expense$78,567
Other Expenses$53,824
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$149,453$5,462$56,914$211,829
Current Officers, Directors, Trustees, and Key Employees$45,000$18,750$11,250$75,000
Payroll Taxes$18,701$2,328$6,555$27,584
Occupancy$16,031$740$1,644$18,415
Fees for Services Other$6,750--$6,750
Fees for Services Accounting-$4,339-$4,339
Travel$3,700$30$125$3,855
Office Expenses$224$2,200$352$2,776
Insurance$1,007$1,500-$2,507
Other Employee Benefits$1,865--$1,865
Information Technology$1,046$150$468$1,664
Advertising$469$1,170-$1,639
All Other Expenses$190$585-$775
Depreciation Depletion-$237-$237
Other Expenses$3,869$135$1,259$135
Conferences and Meetings-$41-$41
Total Functional Expenses$253,686$37,849$78,567$370,102
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
Yes
Annual disclosure for covered persons
Yes
Audit committee
No
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
Yes
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Organizational document changes Part VI line 4

The Bylaws were revised to make the following changes:- Provisions relating to members were deleted- Provisions were added pursuant to hiring an Executive Director- Compensation approval policies were clarified- Meeting dates were made more flexible and voting procedures clarified

Members or stockholder classes and rights Part VI line 6

The mission statement was amended to read:Read to Me Project helps under-served children achieve kindergarten readiness and a lifetime of literacy by empowering school age brothers and sisters to read to their young siblings at home. We also raise public awareness about the literacy crisis and the need for language development and pre-reading skills during a childs first five years of life.The By-laws were updated to:-delete references to members since there are none-add Executive Director as an officer of the corporation and revise duties of other officers to reflect that.-add directors fiduciary duty-expand definition of interested persion-clarify officer compensation approval policies and procedures-made meeting dates more flexible and clarified voting procedures

Form 990 governing body review Part VI line 11

A copy of Form 990 is sent to all directors for their review prior to filing.

Conflict of interest policy compliance Part VI line 12C

Board members and officers review the Conflict of Interest Policy and sign a disclosure annually.Potential conflicts of interest are discussed by independant board members and approved if determined not to be a conflict of interest.

CEO executive director top management comp Part VI line 15A

Compensation of officers is reviewed and approved by independent directors when it is set.

Other officer or key employee compensation Part VI line 15B

Compensation of managerial employees is reviewed and approved by independent directors at the time it is set.

Form 990 availability to public Part VI line 18

A copy of Form 990 is filed with the California Registry of Charitable Trusts and is available to the public on that website.

Governing documents etc available to public Part VI line 19

Governing documents are available to the public on the website of the California Registry of Charitable Trusts.

Filing and Contact Details

Filer

Filer Name
The Read to Me Project
EIN
47-1224251
Address
P O Box 6434, Salinas, CA 93912-6434

Signing Officer

Name
Cynthia W Hertlein
Title
Treasurer
Phone
8316592115
Signed
2020-11-04

Organization Details

Principal Officer
Elizabeth McMahon
Formed
2014
Legal Domicile
CA
Voting Board Members
6
Independent Board Members
6
Employees
12
Volunteers
50
Supplemental Narrative

Additional Explanations

Cessation of or significant change to any program service Part III line 3

When schools closed in March due to Covid-19, Read to Me pivoted from an in-class program to an online program. Staff collected, sanitized and distributed 2000 books to students to read to little ones while sheltering in place. Five videos were produced for engaging students to apply 9 Best Ways to Read to Young Children and for teachers to incorporate into distance learning.

General explanation attachment

Schedule A, Part II, Section A, Lines 1 & 7Gifts, grants and contributions for 2014, 2015 and 2016 have been restated to include program fees paid by schools since these government payments are for the benefit of the general public.

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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/ExplanationTxt0The Bylaws were revised to make the following changes:- Provisions relating to members were deleted- Provisions were added pursuant to hiring an Executive Director- Compensation approval policies were clarified- Meeting dates were made more flexible and voting procedures clarified
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1The mission statement was amended to read:Read to Me Project helps under-served children achieve kindergarten readiness and a lifetime of literacy by empowering school age brothers and sisters to read to their young siblings at home. We also raise public awareness about the literacy crisis and the need for language development and pre-reading skills during a childs first five years of life.The By-laws were updated to:-delete references to members since there are none-add Executive Director as an officer of the corporation and revise duties of other officers to reflect that.-add directors fiduciary duty-expand definition of interested persion-clarify officer compensation approval policies and procedures-made meeting dates more flexible and clarified voting procedures
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2A copy of Form 990 is sent to all directors for their review prior to filing.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3Board members and officers review the Conflict of Interest Policy and sign a disclosure annually.Potential conflicts of interest are discussed by independant board members and approved if determined not to be a conflict of interest.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4Compensation of officers is reviewed and approved by independent directors when it is set.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5Compensation of managerial employees is reviewed and approved by independent directors at the time it is set.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6A copy of Form 990 is filed with the California Registry of Charitable Trusts and is available to the public on that website.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7Governing documents are available to the public on the website of the California Registry of Charitable Trusts.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt8When schools closed in March due to Covid-19, Read to Me pivoted from an in-class program to an online program. Staff collected, sanitized and distributed 2000 books to students to read to little ones while sheltering in place. Five videos were produced for engaging students to apply 9 Best Ways to Read to Young Children and for teachers to incorporate into distance learning.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt9Schedule A, Part II, Section A, Lines 1 & 7Gifts, grants and contributions for 2014, 2015 and 2016 have been restated to include program fees paid by schools since these government payments are for the benefit of the general public.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Organizational document changes Part VI line 4
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Members or stockholder classes and rights Part VI line 6
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990 governing body review Part VI line 11
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Conflict of interest policy compliance Part VI line 12c
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4CEO executive director top management comp Part VI line 15a
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5Other officer or key employee compensation Part VI line 15b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6Form 990 availability to public Part VI line 18
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc7Governing documents etc available to public Part VI line 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc8Cessation of or significant change to any program service Part III line 3
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc9General explanation attachment
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ReturnHeader/BuildTS02021-01-29 14:40:06Z
ReturnHeader/BusinessOfficerGrp/PersonNm0Cynthia W Hertlein
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0Treasurer
ReturnHeader/BusinessOfficerGrp/PhoneNum08316592115
ReturnHeader/BusinessOfficerGrp/SignatureDt02020-11-04
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0The Read to Me Project
ReturnHeader/Filer/BusinessNameControlTxt0READ
ReturnHeader/Filer/EIN0471224251
ReturnHeader/Filer/USAddress/AddressLine1Txt0P O Box 6434
ReturnHeader/Filer/USAddress/CityNm0Salinas
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ReturnHeader/FilingSecurityInformation/FederalOriginalSubmissionIdDt02020-11-14
ReturnHeader/FilingSecurityInformation/FilingLicenseTypeCd0P
ReturnHeader/FilingSecurityInformation/IPAddress/IPv4AddressTxt0162.232.214.144
ReturnHeader/FilingSecurityInformation/IPDt02020-11-14
ReturnHeader/FilingSecurityInformation/IPTm017:55:19
ReturnHeader/ReturnTs02020-11-14T17:51:32-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02019-07-01
ReturnHeader/TaxPeriodEndDt02020-06-30

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