Civic Intelligence

Reading Quest

990 • Fiscal year 2023 • EIN 47-3350742

Jan 01, 2023 to Dec 31, 2023 • Filed on Jul 16, 2024

Organization ProfileWWW.READINGQUESTCENTER.ORG
991 Camino ConsueloSanta Fe, NM 87507

(505) 310-3888

Siviq Scores

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

Liabilities / Assets

27th percentile

0.02x

Higher debt load relative to assets than 27% of similar nonprofits.

2023 filings • NTEE B90 • $1M-$5M nonprofits • Source year 2023

Liabilities / Revenue

20th percentile

0.01x

Higher debt load relative to revenue than 20% of similar nonprofits.

2023 filings • NTEE B90 • $1M-$5M nonprofits • Source year 2023

Net Margin

76th percentile

23%

Higher net margin than 76% of similar nonprofits.

2023 filings • NTEE B90 • $1M-$5M nonprofits • Source year 2023

Top Officer Pay

47th percentile

$87,927

Higher top officer pay than 47% of similar nonprofits.

Top officer pay equals 8.5% of source-year revenue.

2023 filings • NTEE B90 • $1M-$5M nonprofits • Source year 2023

Asset Growth

91st percentile

79%

Faster asset growth than 91% of similar nonprofits.

2023 filings • NTEE B90 • $1M-$5M nonprofits • Annualized from 2022 to 2023

Revenue Growth

75th percentile

48%

Faster revenue growth than 75% of similar nonprofits.

2023 filings • NTEE B90 • $1M-$5M nonprofits • Annualized from 2022 to 2023

Balance Sheet
Liabilities / Assets27th percentile

Assets

Up

$546,109

Up $241,624 (+79%) from 2022

Net Assets

Up

$537,316

Up $239,135 (+80%) from 2022

Liabilities

Up

$8,793

Up $2,489 (+39%) from 2022

Revenue And Expenses
Liabilities / Revenue20th percentileNet Margin76th percentile

Revenue

Up

$1,032,194

Up $336,813 (+48%) from 2022

Expenses

Up

$793,059

Up $68,690 (+9.5%) from 2022

Net Income

Up

$239,135

Up $268,123 (+925%) from 2022

Historical Trend

Balance Sheet Trend

Asset Growth91st percentile

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

$800K$600K$400K$200K$0Assets 2017: $65,218Liabilities 2017: $02017Assets 2018: $127,567Net Assets 2018: $127,5672018Assets 2019: $183,439Liabilities 2019: $4,030Net Assets 2019: $179,4092019Assets 2020: $187,128Liabilities 2020: $2,410Net Assets 2020: $184,7182020Assets 2021: $334,562Liabilities 2021: $7,393Net Assets 2021: $327,1692021Assets 2022: $304,485Liabilities 2022: $6,304Net Assets 2022: $298,1812022Assets 2023: $546,109Liabilities 2023: $8,793Net Assets 2023: $537,3162023Assets 2024: $638,515Liabilities 2024: $7,554Net Assets 2024: $630,9612024

Highlighted filing

2023

Assets$546,109
Liabilities$8,793
Net Assets$537,316
Open 2023 Filing

Operations Trend

Revenue Growth75th percentile

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

$1.5M$1.0M$500K$0-$500KRevenue 2017: $86,916Expenses 2017: $31,548Net Income 2017: $55,3682017Revenue 2018: $195,820Expenses 2018: $133,471Net Income 2018: $62,3492018Revenue 2019: $362,163Expenses 2019: $310,321Net Income 2019: $51,8422019Revenue 2020: $420,096Expenses 2020: $414,787Net Income 2020: $5,3092020Revenue 2021: $684,753Expenses 2021: $543,933Net Income 2021: $140,8202021Revenue 2022: $695,381Expenses 2022: $724,369Net Income 2022: -$28,9882022Revenue 2023: $1,032,194Expenses 2023: $793,059Net Income 2023: $239,1352023Revenue 2024: $984,362Expenses 2024: $890,717Net Income 2024: $93,6452024

Highlighted filing

2023

Revenue$1,032,194
Expenses$793,059
Net Income$239,135
Open 2023 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2023 to Dec 31, 2023
Signed
Jul 16, 2024
Return Version
2023v5.0
Gross Receipts
$1,032,194
Mission and Program Overview

Mission

To create materials and teach children how to read.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$232,056$482,664▲ $250,608
Accounts Receivable$38,958$44,375▲ $5,417
Land, Buildings, and Equipment, Net$32,398$17,921▼ $14,477
Prepaid Expenses and Deferred Charges$1,073$1,149▲ $76
Total Assets$304,485$546,109▲ $241,624
Liabilities
Accounts Payable and Accrued Expenses$6,304$8,793▲ $2,489
Total Liabilities$6,304$8,793▲ $2,489
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$215,501$525,541▲ $310,040
Net Assets With Donor Restrictions$82,680$11,775▼ $70,905
Total Net Assets Fund Balance$298,181$537,316▲ $239,135
Total Liabilities and Net Assets / Fund Balance$304,485$546,109▲ $241,624

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$17,921$28,177$46,098
Compensation and Service Providers
Top Officer Pay47th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Rayna DineenExecutive DiFT$75,000$12,927$87,927

Board Members and Trustees

NameTitle
Connor BrowneChair
Sharon EklundVice Chair
Alicia Vadillo-romeroDirector
Amanda MendezDirector
Caroline StanleyDirector
Erin CaveDirector
Reed SoehnelDirector
Rob MacdonaldTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$702,339
Program Service Revenue
$329,855
Investment Income
$0
Other Revenue
$0
All Other Contributions
$702,339
Change in Net Assets
$239,135

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,032,194
Total Revenue per Audited Statements
$1,032,194
Total Revenue per Form 990
$1,032,194
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$655,749
Other Expenses$137,310
Total Fundraising Expense$51,648
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$467,246$20,700$27,768$515,714
Current Officers, Directors, Trustees, and Key Employees$74,848$4,286$8,793$87,927
Payroll Taxes$41,662$1,389$3,885$46,936
Fees for Services Other$22,724$9,595$4,106$36,425
Fees for Services Accounting$17,407$7,349$3,145$27,901
Depreciation Depletion-$14,477-$14,477
Office Expenses$3,182$4,329$1,885$9,396
Insurance-$5,820-$5,820
Other Employee Benefits$4,967-$205$5,172
Other Expenses$3,548$355$27$3,903
All Other Expenses$3,126$176-$3,302
Occupancy$780$2,514-$3,294
Advertising-$148$461$609
Total Functional Expenses$663,596$77,815$51,648$793,059

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$793,059
Total Expenses per Audited Statements$793,059
Total Expenses per Form 990$793,059
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
No
Annual disclosure for covered persons
Yes
Audit committee
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
No
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

Form 990, Page 6, Part VI, Line 11B

“Reading quest's irs form 990 is reviewed by the finance committee prior to filing of the form 990. Reading quest finance committee then presents the irs form 990 to the reading quest board of directors for their review and approval.”

Form 990, Page 6, Part VI, Line 12C

“Board members with a conflict of interest would disclose the conflict and be excluded from board vote on any related issues.”

Form 990, Page 6, Part VI, Line 15A

“Management for reading quest consists of an executive director and a director of operations. Management compensation is approved by the board of directors. Salaries are discussed and approved by the treasurer and finance committee and then presented to the board of directors for final approval.”

Form 990, Page 6, Part VI, Line 15B

“Management for reading quest consists of an executive director and a director of operations. Management compensation is approved by the board of directors. Salaries are discussed and approved by the treasurer and finance committee and then presented to the board of directors for final approval.”

Form 990, Page 6, Part VI, Line 19

“Governing documents, policies, financial statements and the irs form 990 are made available to the public upon request within three working days of the date the request was made.”

Filing and Contact Details

Filer

Filer Name
Reading Quest
EIN
47-3350742
Phone
5053103888
Address
991 CAMINO CONSUELO, SANTA FE, NM 87507

Signing Officer

Name
Connor Browne
Title
Chair
Phone
5053103888
Signed
2024-07-16
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Connor Browne
Formed
2015
Legal Domicile
Nm
Voting Board Members
8
Independent Board Members
8
Employees
31
Volunteers
30

Preparer

Firm
Loftis & Lovato Group
Address
5501 EAGLE ROCK AVE NE SUITE C-5, ALBUQUERQUE, NM 87113
Preparer
Nick Loftis
Phone
5052935009
Supplemental Narrative

Financial Statement Notes

Schedule D, Page 3, Part X

“Reading quest is exempt from income taxes under section 501(c)(3) of the internal revenue code and has been classified by the internal revenue service as an organization that is not a private foundation. Reading quest regularly evaluates activities as it relates to its tax exempt status. If reading quest activities are determined to be outside of its tax exempt status the potential exists for tax liabilities on those unrelated activities. Currenly, reading quest engages in no activities that would be taxes as unrelated business income. Accordingly, no provisions for income taxes has been reflected in the reading quest financial statements. Reading quest income tax filings are subject to audit by various taxing authorities. Reading quest open audit periods are for the years ended december 31, 2020 and thereafter. Reading quest adopted the provision of fasb asc 740-10, "accounting for uncertainty in income taxes". Reading quest has not recognized any changes to the financial statements for uncertain tax positions.”

Raw XML AppendixShowing 400 of 425 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
IRS990/AccountantCompileOrReviewInd0false
IRS990/AccountsPayableAccrExpnssGrp/BOYAmt06304
IRS990/AccountsPayableAccrExpnssGrp/EOYAmt08793
IRS990/AccountsReceivableGrp/BOYAmt038958
IRS990/AccountsReceivableGrp/EOYAmt044375
IRS990/ActivitiesConductedPrtshpInd0false
IRS990/ActivityOrMissionDesc0TO CREATE MATERIALS AND TEACH CHILDREN HOW TO READ.
IRS990/AdvertisingGrp/FundraisingAmt0461
IRS990/AdvertisingGrp/ManagementAndGeneralAmt0148
IRS990/AdvertisingGrp/TotalAmt0609
IRS990/AllOtherContributionsAmt0702339
IRS990/AllOtherExpensesGrp/ManagementAndGeneralAmt0176
IRS990/AllOtherExpensesGrp/ProgramServicesAmt03126
IRS990/AllOtherExpensesGrp/TotalAmt03302
IRS990/AnnualDisclosureCoveredPrsnInd0true
IRS990/AuditCommitteeInd0true
IRS990/BooksInCareOfDetail/PersonNm0READING QUEST
IRS990/BooksInCareOfDetail/PhoneNum05053103888
IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt0991 CAMINO CONSUELO
IRS990/BooksInCareOfDetail/USAddress/CityNm0SANTA FE
IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd0NM
IRS990/BooksInCareOfDetail/USAddress/ZIPCd087507
IRS990/BusinessRlnWith35CtrlEntInd0false
IRS990/BusinessRlnWithFamMemInd0false
IRS990/BusinessRlnWithOrgMemInd0false
IRS990/CashNonInterestBearingGrp/BOYAmt0232056
IRS990/CashNonInterestBearingGrp/EOYAmt0482664
IRS990/ChangeToOrgDocumentsInd0false
IRS990/CollectionsOfArtInd0false
IRS990/CompCurrentOfcrDirectorsGrp/FundraisingAmt08793
IRS990/CompCurrentOfcrDirectorsGrp/ManagementAndGeneralAmt04286
IRS990/CompCurrentOfcrDirectorsGrp/ProgramServicesAmt074848
IRS990/CompCurrentOfcrDirectorsGrp/TotalAmt087927
IRS990/CompensationFromOtherSrcsInd0false
IRS990/CompensationProcessCEOInd0true
IRS990/CompensationProcessOtherInd0true
IRS990/ConflictOfInterestPolicyInd0true
IRS990/ConservationEasementsInd0false
IRS990/ConsolidatedAuditFinclStmtInd0false
IRS990/CreditCounselingInd0false
IRS990/CYBenefitsPaidToMembersAmt00
IRS990/CYContributionsGrantsAmt0702339
IRS990/CYGrantsAndSimilarPaidAmt00
IRS990/CYInvestmentIncomeAmt00
IRS990/CYOtherExpensesAmt0137310
IRS990/CYOtherRevenueAmt00
IRS990/CYProgramServiceRevenueAmt0329855
IRS990/CYRevenuesLessExpensesAmt0239135
IRS990/CYSalariesCompEmpBnftPaidAmt0655749
IRS990/CYTotalExpensesAmt0793059
IRS990/CYTotalFundraisingExpenseAmt051648
IRS990/CYTotalProfFndrsngExpnsAmt00
IRS990/CYTotalRevenueAmt01032194
IRS990/DecisionsSubjectToApprovaInd0false
IRS990/DeductibleArtContributionInd0false
IRS990/DeductibleNonCashContriInd0false
IRS990/DelegationOfMgmtDutiesInd0false
IRS990/DepreciationDepletionGrp/ManagementAndGeneralAmt014477
IRS990/DepreciationDepletionGrp/TotalAmt014477
IRS990/Desc0READING QUEST TUTORS CHILDREN WHO ARE A YEAR OR MORE BEHIND GRADE LEVEL IN READING.
IRS990/DescribedInSection501c3Ind0true
IRS990/DisregardedEntityInd0false
IRS990/DocumentRetentionPolicyInd0true
IRS990/DonorAdvisedFundInd0false
IRS990/DonorRestrictionNetAssetsGrp/BOYAmt082680
IRS990/DonorRestrictionNetAssetsGrp/EOYAmt011775
IRS990/DonorRstrOrQuasiEndowmentsInd0false
IRS990/ElectionOfBoardMembersInd0false
IRS990/EmployeeCnt031
IRS990/EmploymentTaxReturnsFiledInd0true
IRS990/EngagedInExcessBenefitTransInd0false
IRS990/ExpenseAmt0663596
IRS990/FamilyOrBusinessRlnInd0false
IRS990/FederalGrantAuditRequiredInd0false
IRS990/FeesForServicesAccountingGrp/FundraisingAmt03145
IRS990/FeesForServicesAccountingGrp/ManagementAndGeneralAmt07349
IRS990/FeesForServicesAccountingGrp/ProgramServicesAmt017407
IRS990/FeesForServicesAccountingGrp/TotalAmt027901
IRS990/FeesForServicesOtherGrp/FundraisingAmt04106
IRS990/FeesForServicesOtherGrp/ManagementAndGeneralAmt09595
IRS990/FeesForServicesOtherGrp/ProgramServicesAmt022724
IRS990/FeesForServicesOtherGrp/TotalAmt036425
IRS990/ForeignActivitiesInd0false
IRS990/ForeignFinancialAccountInd0false
IRS990/ForeignOfficeInd0false
IRS990/Form1098CFiledInd0false
IRS990/Form8282PropertyDisposedOfInd0false
IRS990/Form8899Filedind0false
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt02.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt12.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt22.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt31.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt41.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt51.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt61.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt71.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt840.00
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd0X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd1X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd2X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd3X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd4X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd5X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd6X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd7X
IRS990/Form990PartVIISectionAGrp/OfficerInd0X
IRS990/Form990PartVIISectionAGrp/OfficerInd1X
IRS990/Form990PartVIISectionAGrp/OfficerInd2X
IRS990/Form990PartVIISectionAGrp/OfficerInd3X
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt00
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt10
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt20
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt30
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt40
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt50
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt60
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt70
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt812927
IRS990/Form990PartVIISectionAGrp/PersonNm0CONNOR BROWNE
IRS990/Form990PartVIISectionAGrp/PersonNm1SHARON EKLUND
IRS990/Form990PartVIISectionAGrp/PersonNm2ROB MACDONALD
IRS990/Form990PartVIISectionAGrp/PersonNm3ERIN CAVE
IRS990/Form990PartVIISectionAGrp/PersonNm4ALICIA VADILLO-ROMERO
IRS990/Form990PartVIISectionAGrp/PersonNm5REED SOEHNEL
IRS990/Form990PartVIISectionAGrp/PersonNm6AMANDA MENDEZ
IRS990/Form990PartVIISectionAGrp/PersonNm7CAROLINE STANLEY
IRS990/Form990PartVIISectionAGrp/PersonNm8RAYNA DINEEN
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt60
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt70
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt875000
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt60
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt70
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt80
IRS990/Form990PartVIISectionAGrp/TitleTxt0CHAIR
IRS990/Form990PartVIISectionAGrp/TitleTxt1VICE CHAIR
IRS990/Form990PartVIISectionAGrp/TitleTxt2TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt3DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt4DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt5DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt6DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt7DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt8EXECUTIVE DI
IRS990/Form990ProvidedToGvrnBodyInd0true
IRS990/FormationYr02015
IRS990/FormerOfcrEmployeesListedInd0false
IRS990/FSAuditedBasisGrp/SeparateBasisFinclStmtInd0X
IRS990/FSAuditedInd0true
IRS990/FundraisingActivitiesInd0false
IRS990/GamingActivitiesInd0false
IRS990/GoverningBodyVotingMembersCnt08
IRS990/GrantsToIndividualsInd0false
IRS990/GrantsToOrganizationsInd0false
IRS990/GrantToRelatedPersonInd0false
IRS990/GrossReceiptsAmt01032194
IRS990/GroupReturnForAffiliatesInd0false
IRS990/IncludeFIN48FootnoteInd0true
IRS990/IndependentAuditFinclStmtInd0true
IRS990/IndependentVotingMemberCnt08
IRS990/IndoorTanningServicesInd0false
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InsuranceGrp/ManagementAndGeneralAmt05820
IRS990/InsuranceGrp/TotalAmt05820
IRS990/InvestmentInJointVentureInd0false
IRS990/IRPDocumentCnt011
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt028177
IRS990/LandBldgEquipBasisNetGrp/BOYAmt032398
IRS990/LandBldgEquipBasisNetGrp/EOYAmt017921
IRS990/LandBldgEquipCostOrOtherBssAmt046098
IRS990/LegalDomicileStateCd0NM
IRS990/LoanOutstandingInd0false
IRS990/LobbyingActivitiesInd0false
IRS990/LocalChaptersInd0false
IRS990/MaterialDiversionOrMisuseInd0false
IRS990/MembersOrStockholdersInd0false
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd0true
IRS990/MinutesOfGoverningBodyInd0true
IRS990/MissionDesc0TO CREATE MATERIALS AND TEACH CHILDREN HOW TO READ.
IRS990/MoreThan5000KToIndividualsInd0false
IRS990/MoreThan5000KToOrgInd0false
IRS990/NetAssetsOrFundBalancesBOYAmt0298181
IRS990/NetAssetsOrFundBalancesEOYAmt0537316
IRS990/NoDonorRestrictionNetAssetsGrp/BOYAmt0215501
IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt0525541
IRS990/NoncashContributionsAmt0149
IRS990/NondeductibleContributionsInd0false
IRS990/OccupancyGrp/ManagementAndGeneralAmt02514
IRS990/OccupancyGrp/ProgramServicesAmt0780
IRS990/OccupancyGrp/TotalAmt03294
IRS990/OfficeExpensesGrp/FundraisingAmt01885
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt04329
IRS990/OfficeExpensesGrp/ProgramServicesAmt03182
IRS990/OfficeExpensesGrp/TotalAmt09396
IRS990/OfficerMailingAddressInd0false
IRS990/OperateHospitalInd0false
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherEmployeeBenefitsGrp/FundraisingAmt0205
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt04967
IRS990/OtherEmployeeBenefitsGrp/TotalAmt05172
IRS990/OtherExpensesGrp/Desc0PROGRAM SUPPLIES
IRS990/OtherExpensesGrp/Desc1DUES & SUBSCRIPTIONS
IRS990/OtherExpensesGrp/Desc2MISCELLANEOUS
IRS990/OtherExpensesGrp/Desc3LICENSES & FEES
IRS990/OtherExpensesGrp/FundraisingAmt0107
IRS990/OtherExpensesGrp/FundraisingAmt11266
IRS990/OtherExpensesGrp/FundraisingAmt227
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt0708
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt14313
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt21656
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt3355
IRS990/OtherExpensesGrp/ProgramServicesAmt019456
IRS990/OtherExpensesGrp/ProgramServicesAmt1396
IRS990/OtherExpensesGrp/ProgramServicesAmt24254
IRS990/OtherExpensesGrp/ProgramServicesAmt33548
IRS990/OtherExpensesGrp/TotalAmt020271
IRS990/OtherExpensesGrp/TotalAmt15975
IRS990/OtherExpensesGrp/TotalAmt25937
IRS990/OtherExpensesGrp/TotalAmt33903
IRS990/OtherSalariesAndWagesGrp/FundraisingAmt027768
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt020700
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt0467246
IRS990/OtherSalariesAndWagesGrp/TotalAmt0515714
IRS990/PartialLiquidationInd0false
IRS990/PayPremiumsPrsnlBnftCntrctInd0false
IRS990/PayrollTaxesGrp/FundraisingAmt03885
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt01389
IRS990/PayrollTaxesGrp/ProgramServicesAmt041662
IRS990/PayrollTaxesGrp/TotalAmt046936
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt01073
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt01149
IRS990/PrincipalOfficerNm0CONNOR BROWNE
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgramServiceRevenueGrp/BusinessCd0611710
IRS990/ProgramServiceRevenueGrp/Desc0PROGRAM SERVICES
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt0329855
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0329855
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt0465037
IRS990/PYExcessBenefitTransInd0false
IRS990/PYInvestmentIncomeAmt0-671
IRS990/PYOtherExpensesAmt0153815
IRS990/PYOtherRevenueAmt03010
IRS990/PYProgramServiceRevenueAmt0228005
IRS990/PYRevenuesLessExpensesAmt0-28988
IRS990/PYSalariesCompEmpBnftPaidAmt0570554
IRS990/PYTotalExpensesAmt0724369
IRS990/PYTotalRevenueAmt0695381
IRS990/QuidProQuoContributionsInd0false
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReconcilationRevenueExpnssAmt0239135
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0false
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RevenueAmt0329855
IRS990ScheduleA/Form990SchAType1SuprtOrgGrp/OperateBenefitNonSuprtOrgInd0false
IRS990ScheduleA/Form990SchAType1SuprtOrgGrp/PowerAppointMajorityDirTrstInd0true
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearAmt0702339
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus1YearAmt0465037
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus2YearsAmt0570612
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus3YearsAmt0321235
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus4YearsAmt0314715
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt02373938
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt0329855
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt0228005
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus2YearsAmt0114141
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus3YearsAmt098688
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus4YearsAmt048808
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt0819497
IRS990ScheduleA/GrossReceiptsNonUnrltBusGrp/CurrentTaxYearMinus1YearAmt03010
IRS990ScheduleA/GrossReceiptsNonUnrltBusGrp/CurrentTaxYearMinus3YearsAmt0756
IRS990ScheduleA/GrossReceiptsNonUnrltBusGrp/CurrentTaxYearMinus4YearsAmt0642
IRS990ScheduleA/GrossReceiptsNonUnrltBusGrp/TotalAmt04408
IRS990ScheduleA/InvestmentIncomeCYPct00.00000
IRS990ScheduleA/InvestmentIncomePYPct00.00000
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct01.00000
IRS990ScheduleA/PublicSupportPY509Pct01.00000
IRS990ScheduleA/PublicSupportTotal509Amt03197843
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt01032194
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt0696052
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt0684753
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt0420679
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt0364165
IRS990ScheduleA/Total509Grp/TotalAmt03197843
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt01032194
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt0696052
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt0684753
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt0420679
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt0364165
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt03197843
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd0true
IRS990ScheduleD/EquipmentGrp/BookValueAmt017921
IRS990ScheduleD/EquipmentGrp/DepreciationAmt028177
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt046098
IRS990ScheduleD/ExpensesSubtotalAmt0793059
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/RevenueSubtotalAmt01032194
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0READING QUEST IS EXEMPT FROM INCOME TAXES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE AND HAS BEEN CLASSIFIED BY THE INTERNAL REVENUE SERVICE AS AN ORGANIZATION THAT IS NOT A PRIVATE FOUNDATION. READING QUEST REGULARLY EVALUATES ACTIVITIES AS IT RELATES TO ITS TAX EXEMPT STATUS. IF READING QUEST ACTIVITIES ARE DETERMINED TO BE OUTSIDE OF ITS TAX EXEMPT STATUS THE POTENTIAL EXISTS FOR TAX LIABILITIES ON THOSE UNRELATED ACTIVITIES. CURRENLY, READING QUEST ENGAGES IN NO ACTIVITIES THAT WOULD BE TAXES AS UNRELATED BUSINESS INCOME. ACCORDINGLY, NO PROVISIONS FOR INCOME TAXES HAS BEEN REFLECTED IN THE READING QUEST FINANCIAL STATEMENTS. READING QUEST INCOME TAX FILINGS ARE SUBJECT TO AUDIT BY VARIOUS TAXING AUTHORITIES. READING QUEST OPEN AUDIT PERIODS ARE FOR THE YEARS ENDED DECEMBER 31, 2020 AND THEREAFTER. READING QUEST ADOPTED THE PROVISION OF FASB ASC 740-10, "ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES". READING QUEST HAS NOT RECOGNIZED ANY CHANGES TO THE FINANCIAL STATEMENTS FOR UNCERTAIN TAX POSITIONS.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE D, PAGE 3, PART X
IRS990ScheduleD/TotalBookValueLandBuildingsAmt017921
IRS990ScheduleD/TotalExpensesPerForm990Amt0793059
IRS990ScheduleD/TotalRevenuePerForm990Amt01032194
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt01032194
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0793059
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0READING QUEST'S IRS FORM 990 IS REVIEWED BY THE FINANCE COMMITTEE PRIOR TO FILING OF THE FORM 990. READING QUEST FINANCE COMMITTEE THEN PRESENTS THE IRS FORM 990 TO THE READING QUEST BOARD OF DIRECTORS FOR THEIR REVIEW AND APPROVAL.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1BOARD MEMBERS WITH A CONFLICT OF INTEREST WOULD DISCLOSE THE CONFLICT AND BE EXCLUDED FROM BOARD VOTE ON ANY RELATED ISSUES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2MANAGEMENT FOR READING QUEST CONSISTS OF AN EXECUTIVE DIRECTOR AND A DIRECTOR OF OPERATIONS. MANAGEMENT COMPENSATION IS APPROVED BY THE BOARD OF DIRECTORS. SALARIES ARE DISCUSSED AND APPROVED BY THE TREASURER AND FINANCE COMMITTEE AND THEN PRESENTED TO THE BOARD OF DIRECTORS FOR FINAL APPROVAL.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3MANAGEMENT FOR READING QUEST CONSISTS OF AN EXECUTIVE DIRECTOR AND A DIRECTOR OF OPERATIONS. MANAGEMENT COMPENSATION IS APPROVED BY THE BOARD OF DIRECTORS. SALARIES ARE DISCUSSED AND APPROVED BY THE TREASURER AND FINANCE COMMITTEE AND THEN PRESENTED TO THE BOARD OF DIRECTORS FOR FINAL APPROVAL.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4GOVERNING DOCUMENTS, POLICIES, FINANCIAL STATEMENTS AND THE IRS FORM 990 ARE MADE AVAILABLE TO THE PUBLIC UPON REQUEST WITHIN THREE WORKING DAYS OF THE DATE THE REQUEST WAS MADE.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 15A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 15B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PAGE 6, PART VI, LINE 19
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/StatesWhereCopyOfReturnIsFldCd0NM
IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt0304485
IRS990/TotalAssetsEOYAmt0546109
IRS990/TotalAssetsGrp/BOYAmt0304485
IRS990/TotalAssetsGrp/EOYAmt0546109
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt0702339
IRS990/TotalEmployeeCnt031
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt051648
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt077815
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0663596
IRS990/TotalFunctionalExpensesGrp/TotalAmt0793059
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt06304
IRS990/TotalLiabilitiesEOYAmt08793
IRS990/TotalLiabilitiesGrp/BOYAmt06304
IRS990/TotalLiabilitiesGrp/EOYAmt08793
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0298181
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0537316
IRS990/TotalOtherCompensationAmt012927
IRS990/TotalProgramServiceExpensesAmt0663596
IRS990/TotalProgramServiceRevenueAmt0329855
IRS990/TotalReportableCompFromOrgAmt075000
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0329855
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt01032194
IRS990/TotalVolunteersCnt030
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0304485
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0546109
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0991 CAMINO CONSUELO
IRS990/USAddress/CityNm0SANTA FE
IRS990/USAddress/StateAbbreviationCd0NM
IRS990/USAddress/ZIPCd087507
IRS990/VotingMembersGoverningBodyCnt08
IRS990/VotingMembersIndependentCnt08
IRS990/WebsiteAddressTxt0WWW.READINGQUESTCENTER.ORG
IRS990/WhistleblowerPolicyInd0true
ReturnHeader/BuildTS02023-04-26 12:10:37Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0CONNOR BROWNE
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0CHAIR
ReturnHeader/BusinessOfficerGrp/PhoneNum05053103888
ReturnHeader/BusinessOfficerGrp/SignatureDt02024-07-16

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2023 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$546,109
Liabilities
$8,793
Net assets
$537,316
Revenue
$1,032,194
Expenses
$793,059
Net income
$239,135
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$0.64$0.01$0.63$0.98$0.89$0.09
2023Detailed filing. Detailed filing data is available for this year.$0.55$0.01$0.54$1.03$0.79$0.24
2022Detailed filing. Detailed filing data is available for this year.$0.30$0.01$0.30$0.70$0.72$0.03
2021Detailed filing. Detailed filing data is available for this year.$0.33$0.01$0.33$0.68$0.54$0.14
2020Detailed filing. Detailed filing data is available for this year.$0.19$0.00$0.18$0.42$0.41$0.01
2019Detailed filing. Detailed filing data is available for this year.$0.18$0.00$0.18$0.36$0.31$0.05
2018Detailed filing. Detailed filing data is available for this year.$0.13$0.13$0.20$0.13$0.06
2017Summary only. Only limited summary data is available for this year.$0.07$0.00$0.09$0.03$0.06