Civic Intelligence

Reading Is Fundamental Inc.

990 • Fiscal year 2024 • EIN 52-0976257

Oct 01, 2023 to Sep 30, 2024 • Filed on Feb 04, 2025

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

44th percentile

0.12x

Higher debt load relative to assets than 44% of similar nonprofits.

2024 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2024

Liabilities / Revenue

50th percentile

0.23x

Higher debt load relative to revenue than 50% of similar nonprofits.

2024 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2024

Net Margin

23rd percentile

-5.8%

Higher net margin than 23% of similar nonprofits.

2024 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2024

Top Officer Pay

86th percentile

$386,669

Higher top officer pay than 86% of similar nonprofits.

Top officer pay equals 3.0% of source-year revenue.

2024 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2024

Asset Growth

44th percentile

3.2%

Faster asset growth than 44% of similar nonprofits.

2024 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2023 to 2024

Revenue Growth

62nd percentile

14%

Faster revenue growth than 62% of similar nonprofits.

2024 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2023 to 2024

Balance Sheet
Liabilities / Assets44th percentile

Assets

Up

$24,400,317

Up $757,502 (+3.2%) from 2023

Net Assets

Up

$21,424,673

Up $740,090 (+3.6%) from 2023

Liabilities

Up

$2,975,644

Up $17,412 (+0.6%) from 2023

Revenue And Expenses
Liabilities / Revenue50th percentileNet Margin23rd percentile

Revenue

Up

$12,796,167

Up $1,577,670 (+14%) from 2023

Expenses

Up

$13,536,780

Up $2,085,280 (+18%) from 2023

Net Income

Down

-$740,613

Down $507,610 (-218%) from 2023

Historical Trend

Balance Sheet Trend

Asset Growth44th 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 2024: $24,400,317Liabilities 2024: $2,975,644Net Assets 2024: $21,424,6732024Assets 2025: $28,242,855Liabilities 2025: $3,126,780Net Assets 2025: $25,116,0752025

Highlighted filing

2024

Assets$24,400,317
Liabilities$2,975,644
Net Assets$21,424,673
Open 2024 Filing

Operations Trend

Revenue Growth62nd 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 2024: $12,796,167Expenses 2024: $13,536,780Net Income 2024: -$740,6132024Revenue 2025: $18,697,726Expenses 2025: $15,678,781Net Income 2025: $3,018,9452025

Highlighted filing

2024

Revenue$12,796,167
Expenses$13,536,780
Net Income-$740,613
Open 2024 Filing
Jump To
Filing Snapshot
Filing Period
Oct 1, 2023 to Sep 30, 2024
Signed
Feb 4, 2025
Return Version
2023v6.0
Gross Receipts
$13,762,688
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
Investments in Publicly Traded Securities$8,549,072$10,748,308▲ $2,199,236
Cash and Non-Interest-Bearing Accounts$8,699,583$8,448,213▼ $251,370
Pledges and Grants Receivable$2,416,574$1,476,871▼ $939,703
Inventories for Sale or Use$481,304$817,888▲ $336,584
Accounts Receivable$568,288$561,703▼ $6,585
Prepaid Expenses and Deferred Charges$555,855$491,569▼ $64,286
Land, Buildings, and Equipment, Net$459,760$370,773▼ $88,987
Savings and Temporary Cash Investments$387,131$230,642▼ $156,489
Total Assets$23,642,815$24,400,317▲ $757,502
Other Assets Total$1,525,248$1,254,350▼ $270,898
Liabilities
Other Liabilities$1,782,447$1,472,585▼ $309,862
Accounts Payable and Accrued Expenses$566,220$923,438▲ $357,218
Grants Payable$551,145$535,576▼ $15,569
Deferred Revenue$58,420$44,045▼ $14,375
Total Liabilities$2,958,232$2,975,644▲ $17,412
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$13,106,331$14,859,563▲ $1,753,232
Net Assets With Donor Restrictions$7,578,252$6,565,110▼ $1,013,142
Total Net Assets Fund Balance$20,684,583$21,424,673▲ $740,090
Total Liabilities and Net Assets / Fund Balance$23,642,815$24,400,317▲ $757,502

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$310,076$1,029,610$1,339,686
Equipment$60,697$110,575$171,272
Other Assets Org$1,216,824--

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2023$6,539,887-▲ $1,498,663$152,102$7,083,466
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
Compensation and Service Providers
Top Officer Pay86th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Alicia LeviPresident and CEOFT$317,435$69,234$386,669
Jodi RubinSVP, Marketing & PartnershipFT$198,838$30,253$229,091
Laura RahmanSr. Director, Annual GivingFT$147,119$23,039$170,158
Christopher BoykinSr. Ios EngineerFT$148,420$8,752$157,172
William GausmanManager, EngineeringFT$134,308$8,078$142,386
Jennifer MooneVP, Marketing & PartnershipFT$132,285$8,229$140,514
Molly VanderlooChief Financial Officer - 11/23FT$29,826$2,121$31,947

Board Members and Trustees

NameTitle
John RemondiChairman
Thomas PlathVice Chairman
Joe ThorntonDirector
Kevin SmithsonDirector
Michelle MesackDirector
Michelle MurphyDirector
Angela Y JonesDirector - as of 01/24
Simone WuDirector - as of 01/24
Emily MooreDirector - Until 09/23
Rick ZimmermanDirector - Until 09/23
Jj JohnsonSecretary
Marc WalbyTreasurer

Highest Paid Contractors

ContractorServicesLocationCompensation
Excel Mailing ServicesPrinting And Production Of Literacy Mat6900 ENGLISH MUFFIN WAY SUITE N, Frederick, MD 21703$497,644
Lautman Maska Neill & CoProfessional Fundraising1730 RHODE ISLAND AVE NW SUITE 301, Washington, DC 20036$379,701
Interactive StrategiesProfessional Consulting1133 CONNECTICUT AVENUE NW SUITE 60, Washington, DC 20036$317,000
Zebra MarketingPrinting And Production Of Literacy MatPO BOX 16989, Jackson, MS 39236$306,440
Robert HalfProfessional Consulting12400 COLLECTIONS CENTER DRIVE, Chicago, IL 60693$241,637
Revenue and Support

Revenue Composition

Contributions and Grants
$8,889,746
Program Service Revenue
$2,882,666
Investment Income
$962,630
Other Revenue
$61,125
All Other Contributions
$7,605,542
Change in Net Assets
$-740,613

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-$238,794Fair Market Value (FMV)
Securities Publicly Traded8$9,487Fair Market Value (FMV)
Total Noncash Contributions8$248,281-

Audited Revenue Reconciliation

Revenue per Audited Statements
$12,750,235
Revenue Not Reported on Financial Statements
$45,932
Revenue Not Reported on Form 990
$2,315,083
Total Revenue per Audited Statements
$15,065,318
Total Revenue per Form 990
$12,796,167
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$5,052,611
Salaries, Compensation, and Employee Benefits$4,477,452
Grants and Similar Amounts Paid$3,420,967
Total Fundraising Expense$2,668,548
Professional Fundraising Fees$585,750

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$3,420,967--$3,420,967
Other Salaries and Wages$2,332,896$299,664$623,168$3,255,728
Fees for Services Other$588,038$246,914$256,746$1,091,698
Office Expenses$318,171$136,752$255,030$709,953
Current Officers, Directors, Trustees, and Key Employees$144,670$316,704$144,669$606,043
Other Expenses$465,478$53,770$82,304$601,552
Fees for Services Professional Fundraising--$585,750$585,750
Advertising$379,500$128,577$23,584$531,661
Occupancy$326,212$79,056$100,546$505,814
Information Technology$294,808$39,915$29,757$364,480
Payroll Taxes$174,526$41,883$53,793$270,202
Other Employee Benefits$164,039$22,073$50,303$236,415
Travel$159,656$35,972$23,394$219,022
Pension Plan Contributions$75,894$13,715$19,455$109,064
Depreciation Depletion$76,637$6,345$8,149$91,131
Fees for Services Accounting-$67,200-$67,200
Fees for Service Investment Mgmnt Fees-$45,931-$45,931
Royalties$25,991--$25,991
Fees for Services Legal-$12,266-$12,266
Total Functional Expenses$777,830$0$421,950$1,199,780

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$14,325,228
Total Expenses per Form 990$13,536,780
Expenses per Audited Statements$13,490,848
Expenses Not Reported on Form 990$834,380
Expenses Not Reported on Financial Statements$45,932
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Allen County Intermediate CenterScottsville, KYGovt EntityTo Foster Literacy$0
Allen County Primary CenterScottsville, KYGovt EntityTo Foster Literacy$0
Allen Elementary SchoolMarion, INGovt EntityTo Foster Literacy$0
Anderson Heights Elementary SchoolAnderson, CAGovt EntityTo Foster Literacy$0
Anniston Ave Elementary SchoolGulfport, MSGovt EntityTo Foster Literacy$0
Bangor School DepartmentBangor, MEGovt EntityTo Foster Literacy$0
Bates Elementary SchoolJackson, MSGovt EntityTo Foster Literacy$0
Bayou View Elementary SchoolGulfport, MSGovt EntityTo Foster Literacy$0
Bayou View Middle SchoolGulfport, MSGovt EntityTo Foster Literacy$0
Beacon Elementary SchoolHarper Woods, MIGovt EntityTo Foster Literacy$0
Beech Elementary SchoolHendersonvlle, TNGovt EntityTo Foster Literacy$0
Believe in Books Literacy FoundationIntervale, NH501(c)(3)To Foster Literacy$0
Bessemer City School DistrictBessemer, ALGovt EntityTo Foster Literacy$0
Bethlehem Area School DistrictBethlehem, PAGovt EntityTo Foster Literacy$0
Blackburn Middle SchoolJackson, MSGovt EntityTo Foster Literacy$0
Blair Arbor Park Intermediate SchoolBlair, NEGovt EntityTo Foster Literacy$0
Book Drive for KidsLewisville, TX501(c)(3)To Foster Literacy$0
Boyd Elementary SchoolGreenville, MSGovt EntityTo Foster Literacy$0
Bush Elementary SchoolFulton, MOGovt EntityTo Foster Literacy$0
CLEVELAND KIDS' BOOK BANKCleveland, OH501(c)(3)To Foster Literacy$0
Candlewood Elementary SchoolSan Antonio, TXGovt EntityTo Foster Literacy$0
Canton Elementary SchoolCanton, MSGovt EntityTo Foster Literacy$0
Cardozo Middle SchoolJackson, MSGovt EntityTo Foster Literacy$0
Carrie Downie Elementary SchoolNew Castle, DEGovt EntityTo Foster Literacy$0
Central Elementary School - MsGulfport, MSGovt EntityTo Foster Literacy$0
Charles Evans Elementary SchoolArdmore, OKGovt EntityTo Foster Literacy$0
Chastain Middle SchoolJackson, MSGovt EntityTo Foster Literacy$0
Clays Mill Elementary SchoolScottsburg, VAGovt EntityTo Foster Literacy$0
Cluster Springs Elementary SchoolAlton, VAGovt EntityTo Foster Literacy$0
College Heights Elementary SchoolBakersfield, CAGovt EntityTo Foster Literacy$0
Community Concepts Farmington Early Learning CenterFarmington, ME501(c)(3)To Foster Literacy$0
Concord Elementary School (al)Bessemer, ALGovt EntityTo Foster Literacy$0
Curtis Bay Elementary School 207Baltimore, MDGovt EntityTo Foster Literacy$0
Delevan Elementary SchoolDelevan, NYGovt EntityTo Foster Literacy$0
Dogwood Elementary School LibraryReston, VAGovt EntityTo Foster Literacy$0
Falkner Attendance CenterFalkner, MSGovt EntityTo Foster Literacy$0
Fifth Street Middle SchoolWest Point, MSGovt EntityTo Foster Literacy$0
Fort Calhoun Elementary SchoolFort Calhoun, NEGovt EntityTo Foster Literacy$0
Foster Park Elementary SchoolUnion, SCGovt EntityTo Foster Literacy$0
Frances Slocum Elementary SchoolMarion, INGovt EntityTo Foster Literacy$0
Gene Brown Elementary SchoolHendersonvlle, TNGovt EntityTo Foster Literacy$0
Goodlettsville Elementary SchoolGoodlettsvlle, TNGovt EntityTo Foster Literacy$0
Greater Amsterdam School DistrictAmsterdam, NYGovt EntityTo Foster Literacy$0
Gulfport Central Middle SchoolGulfport, MSGovt EntityTo Foster Literacy$0
Hamadeh Educational ServicesDearborn, MI501(c)(3)To Foster Literacy$0
Hampton Daughtry Elementary SchoolJackson, GAGovt EntityTo Foster Literacy$0
Hanover Area School DistrictHanover Twp, PAGovt EntityTo Foster Literacy$0
Hattie Cotton Stem MagnetNashville, TNGovt EntityTo Foster Literacy$0
Hazleton Area School DistrictHazle Townshp, PAGovt EntityTo Foster Literacy$0
Henry Kirksey Middle SchoolJackson, MSGovt EntityTo Foster Literacy$0
Hickory Flat Attendance CenterHickory Flat, MSGovt EntityTo Foster Literacy$0
High Springs Community SchoolHigh Springs, FLGovt EntityTo Foster Literacy$0
Jack Anderson Elementary SchoolHendersonvlle, TNGovt EntityTo Foster Literacy$0
Jackson Elementary School - GaJackson, GAGovt EntityTo Foster Literacy$0
James Masters Elementary SchoolConverse, TXGovt EntityTo Foster Literacy$0
Jefferson County Elementary SchoolFayette, MSGovt EntityTo Foster Literacy$0
Jefferson Elementary School - OkArdmore, OKGovt EntityTo Foster Literacy$0
Jimmy Carter Presidential Library & MuseumAtlanta, GA501(c)(3)To Foster Literacy$0
John C Fremont Magnet SchoolBakersfield, CAGovt EntityTo Foster Literacy$0
John Hopkins Elementary SchoolJackson, MSGovt EntityTo Foster Literacy$0
John W Kendall Elementary SchoolMarion, INGovt EntityTo Foster Literacy$0
Joseph Hopkins Elementary SchoolSan Antonio, TXGovt EntityTo Foster Literacy$0
Kate Furbish Elementary SchoolBrunswick, MEGovt EntityTo Foster Literacy$0
Kennebec Valley Community Action Program (kvcap)Waterville, ME501(c)(3)To Foster Literacy$0
Kiwanis Club of KernersvilleKernersville, NCGovt EntityTo Foster Literacy$0
Lancaster School DistrictLancaster, PAGovt EntityTo Foster Literacy$0
Larkmoor Elementary SchoolLorain, OHGovt EntityTo Foster Literacy$0
Lincoln Elementary School -okArdmore, OKGovt EntityTo Foster Literacy$0
Madison Creek Elementary SchoolGoodlettsvlle, TNGovt EntityTo Foster Literacy$0
Manor Elementary SchoolLevittown, PAGovt EntityTo Foster Literacy$0
Marshalltown Community School DistrictMarshalltown, IAGovt EntityTo Foster Literacy$0
Mcadory Elementary SchoolMc Calla, ALGovt EntityTo Foster Literacy$0
Mcintire Elementary SchoolFulton, MOGovt EntityTo Foster Literacy$0
Mcleod Elementary SchoolJackson, MSGovt EntityTo Foster Literacy$0
Mcwillie Elementary SchoolJackson, MSGovt EntityTo Foster Literacy$0
Meridian Public School DistrictMeridian, MSGovt EntityTo Foster Literacy$0
Monarch Elementary SchoolUnion, SCGovt EntityTo Foster Literacy$0
Muskingum Valley EscZanesville, OHGovt EntityTo Foster Literacy$0
Neshoba Central Elementary SchoolPhiladelphia, MSGovt EntityTo Foster Literacy$0
Newton Elementary SchoolNewton, MSGovt EntityTo Foster Literacy$0
North Jackson Elementary SchoolJackson, MSGovt EntityTo Foster Literacy$0
Northview Elementary SchoolGas City, INGovt EntityTo Foster Literacy$0
Oak Forest Elementary School - TnMemphis, TNGovt EntityTo Foster Literacy$0
Oak Grove Elementary SchoolBessemer, ALGovt EntityTo Foster Literacy$0
Pasadena Area Rif CorpPasadena, CA501(c)(3)To Foster Literacy$0
Pass Road Elementary SchoolGulfport, MSGovt EntityTo Foster Literacy$0
Pearl Spann Elementary SchoolJackson, MSGovt EntityTo Foster Literacy$0
Plainview Primary SchoolArdmore, OKGovt EntityTo Foster Literacy$0
Port Gibson Middle SchoolPort Gibson, MSGovt EntityTo Foster Literacy$0
Powell Academy of Military ScienceJackson, MSGovt EntityTo Foster Literacy$0
Reach Out and Read HqBoston, MA501(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 Is Fundamental of Springfield Mo IncSpringfield, MO501(c)(3)To Foster Literacy$0
Reading School DistrictReading, PAGovt EntityTo Foster Literacy$0
Richland Elementary SchoolRichland, MSGovt EntityTo Foster Literacy$0
Rif of LockhartLockhart, TX501(c)(3)To Foster Literacy$0
Riverside Elementary SchoolAvon, MSGovt EntityTo Foster Literacy$0
Roosevelt Elementary School - WiJanesville, WIGovt EntityTo Foster Literacy$0
Salinas Area RifSalinas, CA501(c)(3)To Foster Literacy$0
Sanford School DistrictSanford, MEGovt EntityTo Foster Literacy$0
School Administrative Unit 56Somersworth, NHGovt EntityTo Foster Literacy$0
Senatobia Elementary SchoolSenatobia, MSGovt EntityTo Foster Literacy$0
South Boston Elementary SchoolSouth Boston, VAGovt EntityTo Foster Literacy$0
South Side Elementary SchoolWest Point, MSGovt EntityTo Foster Literacy$0
Spring Hill Intermediate SchoolLongview, TXGovt EntityTo Foster Literacy$0
Spring Hill Primary SchoolLongview, TXGovt EntityTo Foster Literacy$0
Stark Elementary SchoolJackson, GAGovt EntityTo Foster Literacy$0
Start LighthouseNew York, NYGovt EntityTo Foster Literacy$0
Stonebridge Elementary SchoolBrandon, MSGovt EntityTo Foster Literacy$0
Sunflower County Consolidated School DistrictIndianola, MSGovt EntityTo Foster Literacy$0
Tenderloin Community Elementary SchoolSan Francisco, CAGovt EntityTo Foster Literacy$0
The Learning Choice Academy - La MesaLa Mesa, CAGovt EntityTo Foster Literacy$0
Thomas Edison Charter AcademySan Francisco, CAGovt EntityTo Foster Literacy$0
Twenty - Eighth Street Elementary SchoolGulfport, MSGovt EntityTo Foster Literacy$0
United Way of West Central MississippiVicksburg, MS501(c)(3)To Foster Literacy$0
Van Buren Elementary School - WiJanesville, WIGovt EntityTo Foster Literacy$0
Visitacion Valley Elementary SchoolSan Francisco, CAGovt EntityTo Foster Literacy$0
W W Irby Elementary SchoolAlachua, FLGovt EntityTo Foster Literacy$0
Walton - Verona Elementary SchoolVerona, KYGovt EntityTo Foster Literacy$0
Walton Elementary SchoolJackson, MSGovt EntityTo Foster Literacy$0
Walton Ferry Elementary SchoolHendersonvlle, TNGovt EntityTo Foster Literacy$0
Wayne Metropolitan Community Action AgencyDetroit, MI501(c)(3)To Foster Literacy$0
West Elementary SchoolGulfport, MSGovt EntityTo 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$585,750
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$1,472,585
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 chair of rif's finance, audit & investment committee. 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
2025-02-04
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
41
Volunteers
30,000

Preparer

Firm
Cbiz Advisors LLC
Address
1899 L STREET NW 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, 2024 and 2023, 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 2,294 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/NoDonorRestrictionNetAssetsGrp/BOYAmt013106331
IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt014859563
IRS990/NoncashContributionsAmt0248281
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/FundraisingAmt0100546
IRS990/OccupancyGrp/ManagementAndGeneralAmt079056
IRS990/OccupancyGrp/ProgramServicesAmt0326212
IRS990/OccupancyGrp/TotalAmt0505814
IRS990/OfficeExpensesGrp/FundraisingAmt0255030
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt0136752
IRS990/OfficeExpensesGrp/ProgramServicesAmt0318171
IRS990/OfficeExpensesGrp/TotalAmt0709953
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt01525248
IRS990/OtherAssetsTotalGrp/EOYAmt01254350
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherEmployeeBenefitsGrp/FundraisingAmt050303
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt022073
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt0164039
IRS990/OtherEmployeeBenefitsGrp/TotalAmt0236415
IRS990/OtherExpensesGrp/Desc0PRINTING AND PRODUCTION
IRS990/OtherExpensesGrp/Desc1CONTRACT AND CONSULTING
IRS990/OtherExpensesGrp/FundraisingAmt0411900
IRS990/OtherExpensesGrp/FundraisingAmt182304
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt01492
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt153770
IRS990/OtherExpensesGrp/ProgramServicesAmt0372520
IRS990/OtherExpensesGrp/ProgramServicesAmt1465478
IRS990/OtherExpensesGrp/TotalAmt0785912
IRS990/OtherExpensesGrp/TotalAmt1601552
IRS990/OtherLiabilitiesGrp/BOYAmt01782447
IRS990/OtherLiabilitiesGrp/EOYAmt01472585
IRS990/OtherRevenueMiscGrp/BusinessCd0900099
IRS990/OtherRevenueMiscGrp/Desc0OTHER REVENUE
IRS990/OtherRevenueMiscGrp/ExclusionAmt059324
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt059324
IRS990/OtherRevenueTotalAmt059324
IRS990/OtherSalariesAndWagesGrp/FundraisingAmt0623168
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt0299664
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt02332896
IRS990/OtherSalariesAndWagesGrp/TotalAmt03255728
IRS990/OwnWebsiteInd0X
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PayrollTaxesGrp/FundraisingAmt053793
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt041883
IRS990/PayrollTaxesGrp/ProgramServicesAmt0174526
IRS990/PayrollTaxesGrp/TotalAmt0270202
IRS990/PensionPlanContributionsGrp/FundraisingAmt019455
IRS990/PensionPlanContributionsGrp/ManagementAndGeneralAmt013715
IRS990/PensionPlanContributionsGrp/ProgramServicesAmt075894
IRS990/PensionPlanContributionsGrp/TotalAmt0109064
IRS990/PledgesAndGrantsReceivableGrp/BOYAmt02416574
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt01476871
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt0555855
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt0491569
IRS990/PrincipalOfficerNm0ALICIA LEVI
IRS990/ProfessionalFundraisingInd01
IRS990/ProgramServiceRevenueGrp/BusinessCd0900099
IRS990/ProgramServiceRevenueGrp/Desc0PROGRAM SERVICE REVENU
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt02882666
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt02882666
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.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/ExpenseAmt02269606

Document Assets

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Filings

Displayed year

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

Open filing
Assets
$24,400,317
Liabilities
$2,975,644
Net assets
$21,424,673
Revenue
$12,796,167
Expenses
$13,536,780
Net income
-$740,613
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
2024Detailed filing. Detailed filing data is available for this year.$24.4$2.98$21.4$12.8$13.5$0.74
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