Civic Intelligence

Reading Is Fundamental Inc.

990 • Fiscal year 2023 • EIN 52-0976257

Oct 01, 2022 to Sep 30, 2023 • Filed on Feb 08, 2024

Organization ProfileWWW.RIF.ORG

View Organization Page

750 First Street NE 920Washington, DC 20002

(202) 536-3400

Siviq Scores

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

Liabilities / Assets

43rd percentile

0.13x

Higher debt load relative to assets than 43% of similar nonprofits.

2023 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2023

Liabilities / Revenue

52nd percentile

0.26x

Higher debt load relative to revenue than 52% of similar nonprofits.

2023 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2023

Net Margin

32nd percentile

-2.1%

Higher net margin than 32% of similar nonprofits.

2023 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2023

Top Officer Pay

85th percentile

$367,000

Higher top officer pay than 85% of similar nonprofits.

Top officer pay equals 3.3% of source-year revenue.

2023 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2023

Asset Growth

49th percentile

5.7%

Faster asset growth than 49% of similar nonprofits.

2023 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2022 to 2023

Revenue Growth

12th percentile

-30%

Faster revenue growth than 12% of similar nonprofits.

2023 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2022 to 2023

Balance Sheet
Liabilities / Assets43rd percentile

Assets

Flat

$23,642,815

Flat from 2023

Net Assets

Flat

$20,684,583

Flat from 2023

Liabilities

Flat

$2,958,232

Flat from 2023

Revenue And Expenses
Liabilities / Revenue52nd percentileNet Margin32nd percentile

Revenue

Flat

$11,218,497

Flat from 2023

Expenses

Flat

$11,451,500

Flat from 2023

Net Income

Flat

-$233,003

Flat from 2023

Historical Trend

Balance Sheet Trend

Asset Growth49th percentile

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

$30M$20M$10M$0Assets 2011: $21,215,983Liabilities 2011: $6,340,793Net Assets 2011: $14,875,1902011Assets 2012: $15,567,874Liabilities 2012: $1,026,624Net Assets 2012: $14,541,2502012Assets 2013: $13,846,719Liabilities 2013: $1,506,094Net Assets 2013: $12,340,6252013Assets 2014: $13,317,400Liabilities 2014: $1,830,465Net Assets 2014: $11,486,9352014Assets 2015: $9,957,469Liabilities 2015: $1,017,765Net Assets 2015: $8,939,7042015Assets 2016: $9,415,552Liabilities 2016: $770,687Net Assets 2016: $8,644,8652016Assets 2017: $10,345,218Liabilities 2017: $2,007,300Net Assets 2017: $8,337,9182017Assets 2018: $13,390,600Liabilities 2018: $1,719,863Net Assets 2018: $11,670,7372018Assets 2019: $16,836,002Liabilities 2019: $2,562,432Net Assets 2019: $14,273,5702019Assets 2020: $15,864,759Liabilities 2020: $3,236,713Net Assets 2020: $12,628,0462020Assets 2021: $18,008,233Liabilities 2021: $2,241,450Net Assets 2021: $15,766,7832021Assets 2022: $22,372,600Liabilities 2022: $2,164,204Net Assets 2022: $20,208,3962022Assets 2023: $23,642,815Liabilities 2023: $2,958,232Net Assets 2023: $20,684,5832023Assets 2023: $23,642,815Liabilities 2023: $2,958,232Net Assets 2023: $20,684,5832023Assets 2025: $28,242,855Liabilities 2025: $3,126,780Net Assets 2025: $25,116,0752025

Highlighted filing

2023

Assets$23,642,815
Liabilities$2,958,232
Net Assets$20,684,583
Open 2023 Filing

Operations Trend

Revenue Growth12th percentile

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

$40M$30M$20M$10M$0-$10MExpenses 2011: $33,940,4722011Expenses 2012: $22,851,2642012Expenses 2013: $13,144,8062013Revenue 2014: $11,286,013Expenses 2014: $12,282,746Net Income 2014: -$996,7332014Revenue 2015: $6,317,349Expenses 2015: $8,316,467Net Income 2015: -$1,999,1182015Revenue 2016: $6,182,363Expenses 2016: $6,782,069Net Income 2016: -$599,7062016Revenue 2017: $6,364,247Expenses 2017: $6,969,506Net Income 2017: -$605,2592017Revenue 2018: $11,152,480Expenses 2018: $7,753,028Net Income 2018: $3,399,4522018Revenue 2019: $11,675,652Expenses 2019: $8,911,585Net Income 2019: $2,764,0672019Revenue 2020: $6,662,859Expenses 2020: $8,682,559Net Income 2020: -$2,019,7002020Revenue 2021: $9,974,937Expenses 2021: $7,583,670Net Income 2021: $2,391,2672021Revenue 2022: $16,088,590Expenses 2022: $9,207,334Net Income 2022: $6,881,2562022Revenue 2023: $11,218,497Expenses 2023: $11,451,500Net Income 2023: -$233,0032023Revenue 2023: $11,218,497Expenses 2023: $11,451,500Net Income 2023: -$233,0032023Revenue 2025: $18,697,726Expenses 2025: $15,678,781Net Income 2025: $3,018,9452025

Highlighted filing

2023

Revenue$11,218,497
Expenses$11,451,500
Net Income-$233,003
Open 2023 Filing
Jump To
Filing Snapshot
Filing Period
Oct 1, 2022 to Sep 30, 2023
Signed
Feb 8, 2024
Return Version
2022v5.0
Gross Receipts
$12,329,642
Mission and Program Overview

Mission

Reading is fundamental works to disrupt the alarming u.s. Literacy crisis by inspiring the joy of reading in children, a critical element to driving the frequency, motivation, and engagement needed to create skilled readers. We know that if we build a foundation of joy for children, then development, discovery, and opportunity follow.

Motivating children to read by making reading a fun and beneficial part of everyday life.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$9,980,074$8,699,583▼ $1,280,491
Investments in Publicly Traded Securities$7,798,356$8,549,072▲ $750,716
Pledges and Grants Receivable$2,876,297$2,416,574▼ $459,723
Accounts Receivable-$568,288-
Prepaid Expenses and Deferred Charges$492,187$555,855▲ $63,668
Inventories for Sale or Use$363,459$481,304▲ $117,845
Land, Buildings, and Equipment, Net$635,031$459,760▼ $175,271
Savings and Temporary Cash Investments$174,961$387,131▲ $212,170
Total Assets$22,372,600$23,642,815▲ $1,270,215
Other Assets Total$52,235$1,525,248▲ $1,473,013
Liabilities
Other Liabilities$644,315$1,782,447▲ $1,138,132
Accounts Payable and Accrued Expenses$515,807$566,220▲ $50,413
Grants Payable$804,684$551,145▼ $253,539
Deferred Revenue$199,398$58,420▼ $140,978
Total Liabilities$2,164,204$2,958,232▲ $794,028
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$11,371,967$13,106,331▲ $1,734,364
Net Assets With Donor Restrictions$8,836,429$7,578,252▼ $1,258,177
Total Net Assets Fund Balance$20,208,396$20,684,583▲ $476,187
Total Liabilities and Net Assets / Fund Balance$22,372,600$23,642,815▲ $1,270,215

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$408,103$964,637$1,372,740
Equipment$51,657$109,407$161,064
Other Assets Org$1,486,755--

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2022$6,356,014-▲ $764,583$-159,089$6,539,887
2021$7,005,147$842,082▼ $1,491,215-$6,356,014
2020$6,571,576-▲ $1,353,097$919,526$7,005,147
2019$6,470,176-▲ $474,546$373,146$6,571,576
2018$739,400$5,726,977▲ $80,775$76,976$6,470,176
Compensation and Service Providers
Top Officer Pay85th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Alicia LeviPresident and CEOFT$296,831$70,169$367,000
Alice SingdahlsenCFO & COO - Until 07/23FT$226,251$13,699$239,950
Bryan KlopackSVP, Development - Until 08/23FT$195,983$25,334$221,317
Jodi RubinSVP, Marketing & PartnershipFT$176,173$29,335$205,508
Christopher BoykinSr. Ios EngineerFT$138,630$7,872$146,502
William GausmanManager, EngineeringFT$125,441$7,738$133,179
Jennifer MooneVP, Marketing & PartnershipFT$125,238$7,856$133,094
Laura RahmanSr. Director, Annual GivingFT$116,317$7,346$123,663

Board Members and Trustees

NameTitle
John RemondiChairman
Thomas PlathVice Chairman
Emily MooreDirector
Joe ThorntonDirector
Kevin SmithsonDirector
Michelle MesackDirector
Michelle MurphyDirector
Rick ZimmermanDirector
Jj JohnsonSecretary
Marc WalbyTreasurer

Highest Paid Contractors

ContractorServicesLocationCompensation
Lautman Maska Neill & CoProfessional Fundraising1730 RHODE ISLAND AVE NW SUITE 30, Washington, DC 20036$394,526
Icp Solutions LLCProfessional Consulting9000 SHERIDAN STREET 17, Pembroke Pines, FL 33024$347,490
Bitpusher LLCIt Consulting268 BUSH STREET 4414, San Francisco, CA 94104$131,903
Revenue and Support

Revenue Composition

Contributions and Grants
$9,593,762
Program Service Revenue
$1,183,934
Investment Income
$388,073
Other Revenue
$52,728
All Other Contributions
$8,275,957
Change in Net Assets
$-233,003

Noncash Contribution Practices

Property subject to holding requirements
No
Reviewed unusual noncash gifts
No
Third parties used for noncash contributions
No

Noncash Contributions

Contribution TypeContribution CountReported AmountValuation Method
Books and Publications-$320,275Fair Market Value (FMV)
Securities Publicly Traded6$10,521Fair Market Value (FMV)
Total Noncash Contributions6$330,796-

Audited Revenue Reconciliation

Revenue per Audited Statements
$11,176,462
Revenue Not Reported on Financial Statements
$42,035
Revenue Not Reported on Form 990
$3,864,317
Total Revenue per Audited Statements
$15,040,779
Total Revenue per Form 990
$11,218,497
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$4,523,999
Salaries, Compensation, and Employee Benefits$3,748,603
Grants and Similar Amounts Paid$2,824,023
Total Fundraising Expense$2,013,174
Professional Fundraising Fees$354,875

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$2,824,023--$2,824,023
Other Salaries and Wages$1,446,091$436,696$548,275$2,431,062
Fees for Services Other$759,734$48,995$177,504$986,233
Current Officers, Directors, Trustees, and Key Employees$491,259$245,629$81,877$818,765
Other Expenses$383,715$207,310$14,124$605,149
Advertising$325,374$29,283$106,087$460,744
Office Expenses$242,790$24,269$152,603$419,662
Occupancy$238,585$83,576$78,380$400,541
Fees for Services Professional Fundraising--$354,875$354,875
Information Technology$274,851$36,367$32,865$344,083
Payroll Taxes$132,767$46,508$43,616$222,891
Travel$174,147$5,431$3,892$183,470
Other Employee Benefits$105,241$36,275$37,542$179,058
Fees for Services Accounting-$101,665-$101,665
Pension Plan Contributions$57,527$17,065$22,235$96,827
Depreciation Depletion$69,164$4,710$4,417$78,291
Conferences and Meetings$12,468$26,302$4,076$42,846
Fees for Service Investment Mgmnt Fees-$42,035-$42,035
Royalties$40,170--$40,170
Insurance-$25,015-$25,015
Fees for Services Legal$2,643$12,627-$15,270
Total Functional Expenses$617,187$0$439,113$1,056,300

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$14,564,592
Total Expenses per Form 990$11,451,500
Expenses per Audited Statements$11,409,465
Expenses Not Reported on Form 990$3,155,127
Expenses Not Reported on Financial Statements$42,035
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
ALFRED ZAMPELLA SCHOOL PS #27Jersey City, NJGOV'TTo Foster Literacy$0
Allen County Intermediate CenterScottsville, KYGOV'TTo Foster Literacy$0
Allen County Primary CenterScottsville, KYGOV'TTo Foster Literacy$0
Allen Elementary SchoolMarion, INGOV'TTo Foster Literacy$0
Alliance for ChildrenMonroe, NC501(c)(3)To Foster Literacy$0
Bessemer City SchoolsBessemer, ALGOV'TTo Foster Literacy$0
Bethlehem Area School DistrictBethlehem, PAGOV'TTo Foster Literacy$0
Book Drive for KidsLewisville, TX501(c)(3)To Foster Literacy$0
BookspringAustin, TX501(c)(3)To Foster Literacy$0
Brilliant Detroit - SouthwestDetroit, MI501(c)(3)To Foster Literacy$0
Bush Elementary SchoolFulton, MOGOV'TTo Foster Literacy$0
CHILDREN'S HOME SOCIETY OF WASHINGTONWenatchee, WA501(c)(3)To Foster Literacy$0
CLEVELAND KIDS' BOOK BANKCleveland, OH501(c)(3)To Foster Literacy$0
Candlewood ElementarySan Antonio, TXGOV'TTo Foster Literacy$0
Canton Elementary SchoolCanton, MSGOV'TTo Foster Literacy$0
Carlisle Area School DistrictCarlisle, PAGOV'TTo Foster Literacy$0
Carrie Downie Elementary SchoolNew Castle, DEGOV'TTo Foster Literacy$0
Carver-lyon ElementaryColumbia, SCGOV'TTo Foster Literacy$0
Charles Evans Elem SchoolArdmore, OKGOV'TTo Foster Literacy$0
Childfund International USAMcallen, TX501(c)(3)To Foster Literacy$0
Clays Mill Elementary SchoolScottsburg, VAGOV'TTo Foster Literacy$0
Cloonan Middle SchoolStamford, CTGOV'TTo Foster Literacy$0
Cluster Springs PtoAlton, VAGOV'TTo Foster Literacy$0
College Heights ElementaryBakersfield, CAGOV'TTo Foster Literacy$0
Community Concepts Farmington Early Learning CenterFarmington, ME501(c)(3)To Foster Literacy$0
Concord SchoolBessemer, ALGOV'TTo Foster Literacy$0
DOBY'S MILL ELEMENTARY SCHOOLLugoff, SCGOV'TTo Foster Literacy$0
Dallas School DistrictDallas, PAGOV'TTo Foster Literacy$0
Davenport Ridge Elem SchoolStamford, CTGOV'TTo Foster Literacy$0
Delevan ElementaryDelevan, NYGOV'TTo Foster Literacy$0
Dogwood Elementary School LibraryReston, VAGOV'TTo Foster Literacy$0
Dolan Middle SchoolStamford, CTGOV'TTo Foster Literacy$0
Earl Nash Elementary SchoolMacon, MSGOV'TTo Foster Literacy$0
Easton Area School District RifEaston, PAGOV'TTo Foster Literacy$0
Fairhope Elementary SchoolFairhope, ALGOV'TTo Foster Literacy$0
Ferguson LibraryStamford, CT501(c)(3)To Foster Literacy$0
Foley Elementary SchoolFoley, ALGOV'TTo Foster Literacy$0
Foster Park Elementary SchoolUnion, SCGOV'TTo Foster Literacy$0
Frances Slocum ElementaryMarion, INGOV'TTo Foster Literacy$0
Gene Brown ElementaryHendersonville, TNGOV'TTo Foster Literacy$0
Governor Mifflin School DistrictShillington, PAGOV'TTo Foster Literacy$0
Greater Amsterdam School DistrictAmsterdam, NYGOV'TTo Foster Literacy$0
Hampton L Daughtry ElementaryJackson, GAGOV'TTo Foster Literacy$0
Hanover Area School DistrictHanover Township, PAGOV'TTo Foster Literacy$0
Hart Magnet Elementary SchoolStamford, CTGOV'TTo Foster Literacy$0
Haynie Elementary SchoolMorrow, GAGOV'TTo Foster Literacy$0
Hazleton Area School DistrictHazle Township, PAGOV'TTo Foster Literacy$0
High Springs Community SchoolHigh Springs, FLGOV'TTo Foster Literacy$0
Hope for MiamiMiami, FL501(c)(3)To Foster Literacy$0
Jack Anderson ElementaryHendersonville, TNGOV'TTo Foster Literacy$0
Jackson Elementary School (butts County School District)Jackson, GAGOV'TTo Foster Literacy$0
James L Masters ElementaryConverse, TXGOV'TTo Foster Literacy$0
Jefferson Co Lower Elem SchoolFayette, MSGOV'TTo Foster Literacy$0
Jefferson Elementary (ok)Ardmore, OKGOV'TTo Foster Literacy$0
John C Fremont Magnet SchoolBakersfield, CAGOV'TTo Foster Literacy$0
Joseph Hopkins Elementary SchoolSan Antonio, TXGOV'TTo Foster Literacy$0
Julia a Stark Elementary SchoolStamford, CTGOV'TTo Foster Literacy$0
Kendall Elementary SchoolMarion, INGOV'TTo Foster Literacy$0
Kennebec Valley Community Action ProgramWaterville, ME501(c)(3)To Foster Literacy$0
Kingsbury Elementary SchoolSumter, SCGOV'TTo Foster Literacy$0
Kiwanis Club of KernersvilleKernersville, NC501(c)(3)To Foster Literacy$0
Lancaster School DistrictLancaster, PAGOV'TTo Foster Literacy$0
Larkmoor Elementary SchoolLorain, OHGOV'TTo Foster Literacy$0
Lebanon School DistrictLebanon, PAGOV'TTo Foster Literacy$0
Live Like CocoAptos, CA501(c)(3)To Foster Literacy$0
Madison Creek ElementaryGoodlettsville, TNGOV'TTo Foster Literacy$0
Manheim Township School DistrictLancaster, PAGOV'TTo Foster Literacy$0
Maple ElementarySeattle, WAGOV'TTo Foster Literacy$0
Marshalltown Community School DistrictMarshalltown, IAGOV'TTo Foster Literacy$0
Mcadory Elementary SchoolMc Calla, ALGOV'TTo Foster Literacy$0
Mcintire Elementary SchoolFulton, MOGOV'TTo Foster Literacy$0
Monarch Elementary SchoolUnion, SCGOV'TTo Foster Literacy$0
Mount Zion PrimaryJonesboro, GAGOV'TTo Foster Literacy$0
Muskingum IraZanesville, OHGOV'TTo Foster Literacy$0
Newfield Elementary SchoolStamford, CTGOV'TTo Foster Literacy$0
Newton Municipal School DistrictNewton, MSGOV'TTo Foster Literacy$0
North Panola School DistrictSardis, MSGOV'TTo Foster Literacy$0
Northeast Elementary SchoolStamford, CTGOV'TTo Foster Literacy$0
Northviewwestview ElementaryGas City, INGOV'TTo Foster Literacy$0
Oak Grove Elementary SchoolBessemer, ALGOV'TTo Foster Literacy$0
Palm Elementary School (lorain Oh)Lorain, OHGOV'TTo Foster Literacy$0
Parkview Elementary SchoolBaton Rouge, LAGOV'TTo Foster Literacy$0
Pasadena Area Reading Is Fun-damental CorporationPasadena, CA501(c)(3)To Foster Literacy$0
Pecan Park ElementaryJackson, MSGOV'TTo Foster Literacy$0
Plainview Primaryintermediate ElementaryArdmore, OKGOV'TTo Foster Literacy$0
Poplar Springs Elem SchoolMeridian, MSGOV'TTo Foster Literacy$0
Quitman County Elementary SchoolLambert, MSGOV'TTo Foster Literacy$0
Reach Out and Read HqBoston, MA501(c)(3)To Foster Literacy$0
Reach Out and Read Kansas CityKansas City, KS501(c)(3)To Foster Literacy$0
Reading Is Fundamental PittsburghPittsburgh, PA501(c)(3)To Foster Literacy$0
Reading Is Fundamental of Northern VirginiaArlington, VA501(c)(3)To Foster Literacy$0
Reading School DistrictReading, PAGOV'TTo Foster Literacy$0
Ready Set ReadLos Angeles, CA501(c)(3)To Foster Literacy$0
Rif of LockhartLockhart, TX501(c)(3)To Foster Literacy$0
Rippowam Middle SchoolStamford, CTGOV'TTo Foster Literacy$0
Rise Augusta IncAugusta, GA501(c)(3)To Foster Literacy$0
Rogers International SchoolStamford, CTGOV'TTo Foster Literacy$0
Roosevelt Elementary School (janesville)Janesville, WIGOV'TTo Foster Literacy$0
Roxbury Elementary SchoolStamford, CTGOV'TTo Foster Literacy$0
Scofield Magnet Middle SchoolStamford, CTGOV'TTo Foster Literacy$0
Senatobia Elementary SchoolSenatobia, MS501(c)(3)To Foster Literacy$0
South Boston Elementary SchoolSouth Boston, VAGOV'TTo Foster Literacy$0
South Forrest Attendance CtrBrooklyn, MSGOV'TTo Foster Literacy$0
Spring Hill IntermediateLongview, TXGOV'TTo Foster Literacy$0
Spring Hill PrimaryLongview, TXGOV'TTo Foster Literacy$0
Springdale Elementary SchoolStamford, CTGOV'TTo Foster Literacy$0
Stamford Public Education FoundationStamford, CT501(c)(3)To Foster Literacy$0
Stark Elementary SchoolJackson, GAGOV'TTo Foster Literacy$0
Start LighthouseNew York, NY501(c)(3)To Foster Literacy$0
Steven Dohanos Elementary SchoolLorain, OHGOV'TTo Foster Literacy$0
Stevenson Elementary SchoolBellevue, WAGOV'TTo Foster Literacy$0
Stillmeadow Elementary SchoolStamford, CTGOV'TTo Foster Literacy$0
Strawberry Hill Es-rogers IntlStamford, CTGOV'TTo Foster Literacy$0
Sunflower County Consolidated School DistrictIndianola, MSGOV'TTo Foster Literacy$0
Tenderloin Community Elementary SchoolSan Francisco, CAGOV'TTo Foster Literacy$0
Thomas Edison Charter AcademySan Francisco, CAGOV'TTo Foster Literacy$0
Tompkins Community ActionIthaca, NY501(c)(3)To Foster Literacy$0
Toni Wofford Morrison Elementary SchoolLorain, OHGOV'TTo Foster Literacy$0
Toquam Magnet Elementary SchoolStamford, CTGOV'TTo Foster Literacy$0
Turn of River Middle SchoolStamford, CTGOV'TTo Foster Literacy$0
Van Buren Elementary SchoolJanesville, WIGOV'TTo Foster Literacy$0
Visitacion Valley Elementary SchoolSan Francisco, CAGOV'TTo Foster Literacy$0
Walton Ferry ElementaryHendersonville, TNGOV'TTo Foster Literacy$0
Walton-verona Elementary SchoolVerona, KYGOV'TTo Foster Literacy$0
Wayne Metropolitan Community Action AgencyDetroit, MI501(c)(3)To Foster Literacy$0
West Hills Elementary SchoolMeridian, MSGOV'TTo Foster Literacy$0
Westover Elementary SchoolStamford, CTGOV'TTo Foster Literacy$0
Wilkes Barre Area School DistrictWilkes Barre, PAGOV'TTo Foster Literacy$0
Will Rogers Early Childhood CenterArdmore, OKGOV'TTo Foster Literacy$0
Williamsport Area School DistrictWilliamsport, PAGOV'TTo Foster Literacy$0
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
Yes

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$354,875
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Operating Lease Liability$1,782,447
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
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
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
No
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, Part VI, Section B, Line 11B

“Rif's finance/audit committee of the board of directors reviews the federal form 990. It is then distributed to the entire board of directors before it is filed with the internal revenue service (irs).”

Form 990, Part VI, Section B, Line 12C

“Rif's conflict of interest policy ("policy") applies to board members, officers and rif senior managers (collectively "rif insiders"). The policy requires that a rif insider disclose any potential conflict to the board of directors or a designated committee of the board. Violations of the policy will result in appropriate disciplinary and corrective action, up to and including dismissal. Rif insiders are required to annually sign a statement affirming that he or she: - has received a copy of the policy, - has read and understands the policy, - has agreed to comply with, and has complied with the policy, - understands that rif is a charitable and educational organization and that, in order to maintain its federal tax exemption and preserve rif's valuable reputation, rif must engage primarily in activities that accomplish its tax-exempt purpose.”

Form 990, Part VI, Section B, Line 15A

“To begin the annual evaluation of the president and ceo, the chair of the board first solicits input from all board members concerning the president's performance. The chair of the board then reviews the input with the executive committee. The executive committee considers the input of the responding board members in its review of the president and ceo. The chair of the board reports to the board of directors the executive committee's evaluation. The chair of the board then shares the evaluation with the president and ceo. The executive committee then consults comparability surveys to determine the president and ceo's compensation for the next year.”

Form 990, Part VI, Section C, Line 19

“Rif submits its audited financial statements, federal form 990 and irs letter of determination (of rif's tax exempt status) to guidestar for publication on that service. Rif also publishes audited financial statements and federal form 990 on its own website. To date, rif has not published its conflict of interest policy for access by the general public. All documents, including its governing documents and the federal form 1023 are also available upon request.”

Filing and Contact Details

Filer

Filer Name
Reading Is Fundamental Inc
EIN
52-0976257
Phone
2025363400
Address
750 FIRST STREET NE 920, WASHINGTON, DC 20002

Signing Officer

Name
Alicia Levi
Title
President and CEO
Phone
2025363400
Signed
2024-02-08
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Alicia Levi
Formed
1973
Legal Domicile
Dc
Voting Board Members
11
Independent Board Members
10
Employees
33
Volunteers
30,000

Preparer

Firm
Marcum Llp
Address
1899 STREET NW SUITE 850, WASHINGTON, DC 20036
Preparer
Frank H Smith
Phone
2022274000
Supplemental Narrative

Financial Statement Notes

PART V, LINE 4:

“Earnings from the endowment funds are recorded and made available for operations through an annual allocation of up to 5% of the fund. The allocation is based on a three-year rolling average of the investment's market value, determined as of march 31 of the year prior to the budget year. Each year, as part of rif's budgeting process, rif reviews the appropriate level of payout for the following fiscal year. Fund disbursements are paid at the end of each quarter in the fiscal year. Each fund's operating income is utilized as set forth in the specific applicable endowment agreement. The general endowment fund's income is utilized for general operations.”

PART X, LINE 2:

“Rif evaluated its uncertainty in income taxes for the years ended september 30, 2023 and 2022, and determined that there were no matters that would require recognition in the financial statements or that may have any effect on its tax-exempt status.”

Raw XML AppendixShowing 400 of 2,382 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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IRS990/OccupancyGrp/TotalAmt0400541
IRS990/OfficeExpensesGrp/FundraisingAmt0152603
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt024269
IRS990/OfficeExpensesGrp/ProgramServicesAmt0242790
IRS990/OfficeExpensesGrp/TotalAmt0419662
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt052235
IRS990/OtherAssetsTotalGrp/EOYAmt01525248
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherEmployeeBenefitsGrp/FundraisingAmt037542
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt036275
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt0105241
IRS990/OtherEmployeeBenefitsGrp/TotalAmt0179058
IRS990/OtherExpensesGrp/Desc0PRINTING & PRODUCTION
IRS990/OtherExpensesGrp/Desc1CONTRACT AND CONSULTING
IRS990/OtherExpensesGrp/FundraisingAmt0350806
IRS990/OtherExpensesGrp/FundraisingAmt114124
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt01428
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt1207310
IRS990/OtherExpensesGrp/ProgramServicesAmt0426591
IRS990/OtherExpensesGrp/ProgramServicesAmt1383715
IRS990/OtherExpensesGrp/TotalAmt0778825
IRS990/OtherExpensesGrp/TotalAmt1605149
IRS990/OtherLiabilitiesGrp/BOYAmt0644315
IRS990/OtherLiabilitiesGrp/EOYAmt01782447
IRS990/OtherRevenueMiscGrp/BusinessCd0900099
IRS990/OtherRevenueMiscGrp/Desc0REBATES
IRS990/OtherRevenueMiscGrp/ExclusionAmt050576
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt050576
IRS990/OtherRevenueTotalAmt050576
IRS990/OtherSalariesAndWagesGrp/FundraisingAmt0548275
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt0436696
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt01446091
IRS990/OtherSalariesAndWagesGrp/TotalAmt02431062
IRS990/OwnWebsiteInd0X
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PayrollTaxesGrp/FundraisingAmt043616
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt046508
IRS990/PayrollTaxesGrp/ProgramServicesAmt0132767
IRS990/PayrollTaxesGrp/TotalAmt0222891
IRS990/PensionPlanContributionsGrp/FundraisingAmt022235
IRS990/PensionPlanContributionsGrp/ManagementAndGeneralAmt017065
IRS990/PensionPlanContributionsGrp/ProgramServicesAmt057527
IRS990/PensionPlanContributionsGrp/TotalAmt096827
IRS990/PledgesAndGrantsReceivableGrp/BOYAmt02876297
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt02416574
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt0492187
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt0555855
IRS990/PrincipalOfficerNm0ALICIA LEVI
IRS990/ProfessionalFundraisingInd01
IRS990/ProgramServiceRevenueGrp/BusinessCd0900099
IRS990/ProgramServiceRevenueGrp/BusinessCd1900099
IRS990/ProgramServiceRevenueGrp/Desc0CONTRACT REVENUE
IRS990/ProgramServiceRevenueGrp/Desc1OTHER PROGRAM REVENUE
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt0602504
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt1581430
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0602504
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt1581430
IRS990/ProgSrvcAccomActy2Grp/Desc0DIGITAL PROGRAMS:RIF'S DIGITAL PORTFOLIO OF PRODUCTS INCLUDES LITERACY CENTRAL, LITERACY NETWORK, THE LITERACY APP, AND SKYBRARY.LITERACY CENTRAL IS AN ONLINE DESTINATION FOR TEACHERS, PARENTS, AND LITERACY VOLUNTEERS TO GET THOUSANDS OF FREE DIGITAL RESOURCES TIED DIRECTLY TO THE BOOKS CHILDREN LOVE AND TEACHERS TURN TO EVERY DAY. THE PORTAL PROVIDES TOOLS TO EASILY ORGANIZE AND KEEP READING RESOURCES IN ONE PLACE WITH CUSTOMIZABLE BOOK LISTS, PRINTABLE LESSON PLANS, ACTIVITIES, GAMES, READING PASSAGES, CALENDARS, AND VIDEOS.LITERACY NETWORK IS RIF'S COMMUNITY PORTAL DESIGNED TO SUPPORT RIF PROGRAMS AND VOLUNTEERS ACROSS THE COUNTRY AND, MOST IMPORTANTLY, REACH MORE CHILDREN WITH LIFE-CHANGING LITERACY SUPPORT. THIS IS THE DESTINATION FOR ALL OF THE RESOURCES AND SUPPORT NEEDED TO BE AN EFFECTIVE LOCAL LITERACY CHAMPION WHETHER AN INDIVIDUAL WHO WANTS TO VOLUNTEER, ONE OF RIF'S COMMUNITY PARTNERS, A SCHOOL THAT WANTS TO IMPLEMENT A RIF PROGRAM, OR ONE OF OUR LOCAL RIF PROGRAMS.THE LITERACY APP IS A FREE RESOURCE THAT ALLOWS USERS TO SCAN AN ISBN BAR CODE OF A SPECIFIC BOOK AND LAUNCH THE LITERACY CENTRAL WEBPAGE DEDICATED TO ACTIVITIES, GAMES, AND HELPFUL TIPS SPECIFIC TO THE BOOK. CHILDREN ARE MOTIVATED TO STAY ENGAGED WITH READING THROUGH COUNTLESS ADVENTURES THAT START WITH JUST ONE BOOK. PARENTS AND EDUCATORS HAVE AN EASY, TRUSTED TOOL DESIGNED TO CREATE A CULTURE OF LITERACY FOR LASTING IMPACT.SKYBRARY IS A SUBSCRIPTION-BASED INTERACTIVE, DIGITAL LIBRARY OF MORE THAN 900 HIGH-QUALITY EBOOKS AND VIDEO EXPLORATION FIELD TRIPS THAT ENGAGE READERS AND HELP FOSTER A LIFELONG LOVE OF LEARNING. THIS ONLINE RESOURCE ALLOWS CHILDREN TO EXPLORE OTHER THEMATIC ACTIVITIES THAT SUPPORT THE BOOK. SKYBRARY SCHOOL FEATURES THE SAME CAREFULLY CURATED LIBRARY OF DIGITAL BOOKS ALONG WITH ADDED FEATURES JUST FOR EDUCATORS. TEACHERS CAN ACCESS LESSON PLANS AND TEACHING GUIDES INSPIRED BY THE BOOKS AND VIDEOS IN THE LIBRARY FOR EXTENDED LEARNING AS WELL AS TRACK AND MANAGE STUDENTS' USAGE OF THE BOOKS AND VIDEOS.
IRS990/ProgSrvcAccomActy2Grp/ExpenseAmt02005416
IRS990/ProgSrvcAccomActy2Grp/RevenueAmt0329244
IRS990/ProgSrvcAccomActy3Grp/Desc0COMMUNITY LITERACY AWARENESS AND OTHER PROGRAMS: RIF PROMOTES AWARENESS OF THE CRITICAL IMPACT OF EARLY LITERACY THROUGH A BROAD RANGE OF ACTIVITIES, SHARING RESOURCES THROUGH ITS WEBSITE AND SOCIAL MEDIA PLATFORMS, DISTRIBUTION OF ITS THEMATIC BOOK COLLECTIONS, AND LEVERAGING MEDIA THROUGH PUBLIC SERVICE ANNOUNCEMENTS. RIF'S LITERACY SERVICES INCLUDE FAMILY AND COMMUNITY ENGAGEMENT AND LITERACY TRAINING FOR EDUCATORS AND COMMUNITY ORGANIZATIONS. FAMILY AND COMMUNITY ENGAGEMENT ACTIVITIES ARE DESIGNED TO HELP PARENTS TAKE A LEADING ROLE IN ENCOURAGING THEIR CHILDREN'S LITERACY DEVELOPMENT. WITH THE GUIDANCE OF RIF'S VOLUNTEERS, PARENTS PARTICIPATE IN WORKSHOPS, BOOK DISTRIBUTIONS, AND READING CELEBRATIONS.RIF CONDUCTS LITERACY TRAINING FOR EARLY CHILDHOOD EDUCATORS. THIS TRAINING IS DESIGNED TO SUPPORT CHILDREN'S EMERGING LANGUAGE AND LITERACY SKILLS WHILE INCLUDING PARENTS AS THEIR CHILDREN'S FIRST TEACHERS. THE TRAINING IS DONE THROUGH A "TRAIN THE TRAINER" MODEL THAT PREPARES PARTICIPANTS TO RETURN TO THEIR COMMUNITIES AND DELIVER THE TRAINING TO THEIR COLLEAGUES AND COMMUNITIES.RIF HOSTS OTHER LITERACY EVENTS WHICH PROMOTE LITERACY AND INFORM OTHERS ABOUT ITS MISSION.RIF ENGAGES WITH INDEPENDENT OUTSIDE EXPERTS TO EVALUATE RIF'S PROGRAM ACTIVITIES TO IDENTIFY AREAS OF NEED AND ESTABLISH PROCEDURES FOR CONTINUOUS QUALITY IMPROVEMENT.
IRS990/ProgSrvcAccomActy3Grp/ExpenseAmt02230186
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt013051762
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt02127469
IRS990/PYInvestmentIncomeAmt0685182
IRS990/PYOtherExpensesAmt03670884
IRS990/PYOtherRevenueAmt025759

Document Assets

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Filings

Displayed year

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

Open filing
Assets
$23,642,815
Liabilities
$2,958,232
Net assets
$20,684,583
Revenue
$11,218,497
Expenses
$11,451,500
Net income
-$233,003
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Facts available. Structured filing facts are available, but richer extracted sections are limited.$28.2$3.13$25.1$18.7$15.7$3.02
2023Detailed filing. Detailed filing data is available for this year.$23.6$2.96$20.7$11.2$11.5$0.23
2023Summary only. Only limited summary data is available for this year.$23.6$2.96$20.7$11.2$11.5$0.23
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$22.4$2.16$20.2$16.1$9.21$6.88
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$18.0$2.24$15.8$9.97$7.58$2.39
2020Facts available. Structured filing facts are available, but richer extracted sections are limited.$15.9$3.24$12.6$6.66$8.68$2.02
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$16.8$2.56$14.3$11.7$8.91$2.76
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$13.4$1.72$11.7$11.2$7.75$3.40
2017Facts available. Structured filing facts are available, but richer extracted sections are limited.$10.3$2.01$8.34$6.36$6.97$0.61
2016Detailed filing. Detailed filing data is available for this year.$9.42$0.77$8.64$6.18$6.78$0.60
2015Detailed filing. Detailed filing data is available for this year.$9.96$1.02$8.94$6.32$8.32$2.00
2014Detailed filing. Detailed filing data is available for this year.$13.3$1.83$11.5$11.3$12.3$1.00
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$13.8$1.51$12.3$13.1
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$15.6$1.03$14.5$22.9
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$21.2$6.34$14.9$33.9