Civic Intelligence

Planetread

990 • Fiscal year 2025 • EIN 57-1198966

Jul 01, 2024 to Jun 30, 2025 • Filed on Sep 01, 2025

Organization Profilewww.planetread.org
26 Manor DrPiedmont, CA 94611-4144

(510) 435-3175

Siviq Scores

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

Liabilities / Assets

38th percentile

0.00x

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

2025 filings • NTEE B • $500k-$1M nonprofits • Source year 2025

Liabilities / Revenue

39th percentile

0.00x

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

2025 filings • NTEE B • $500k-$1M nonprofits • Source year 2025

Net Margin

2nd percentile

-261%

Higher net margin than 2% of similar nonprofits.

2025 filings • NTEE B • $500k-$1M nonprofits • Source year 2025

Top Officer Pay

93rd percentile

$148,019

Higher top officer pay than 93% of similar nonprofits.

Top officer pay equals 98.4% of source-year revenue.

2025 filings • NTEE B • $500k-$1M nonprofits • Source year 2025

Asset Growth

6th percentile

-34%

Faster asset growth than 6% of similar nonprofits.

2025 filings • NTEE B • $500k-$1M nonprofits • Annualized from 2024 to 2025

Revenue Growth

40th percentile

-0.6%

Faster revenue growth than 40% of similar nonprofits.

2025 filings • NTEE B • $500k-$1M nonprofits • Annualized from 2024 to 2025

Balance Sheet
Liabilities / Assets38th percentile

Assets

Down

$773,558

Down $393,307 (-34%) from 2024

Net Assets

Down

$773,558

Down $393,307 (-34%) from 2024

Liabilities

Flat

$0

Flat from 2024

Revenue And Expenses
Liabilities / Revenue39th percentileNet Margin2nd percentile

Revenue

Down

$150,427

Down $947 (-0.6%) from 2024

Expenses

Up

$543,734

Up $206,847 (+61%) from 2024

Net Income

Down

-$393,307

Down $207,794 (-112%) from 2024

Historical Trend

Balance Sheet Trend

Asset Growth6th percentile

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

$1.5M$1.0M$500K$0Assets 2011: $65,372Liabilities 2011: $02011Assets 2012: $54,379Liabilities 2012: $02012Assets 2013: $46,810Liabilities 2013: $02013Assets 2014: $42,533Liabilities 2014: $02014Assets 2015: $22,464Liabilities 2015: $02015Assets 2016: $9,306Liabilities 2016: $02016Assets 2017: $20,367Liabilities 2017: $02017Assets 2018: $809Liabilities 2018: $02018Assets 2019: $19,708Liabilities 2019: $02019Assets 2020: $3,592Liabilities 2020: $02020Assets 2021: $27,481Liabilities 2021: $02021Assets 2023: $1,352,378Liabilities 2023: $0Net Assets 2023: $1,352,3782023Assets 2024: $1,166,865Liabilities 2024: $0Net Assets 2024: $1,166,8652024Assets 2025: $773,558Liabilities 2025: $0Net Assets 2025: $773,5582025

Highlighted filing

2025

Assets$773,558
Liabilities$0
Net Assets$773,558
Open 2025 Filing

Operations Trend

Revenue Growth40th percentile

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

$1.5M$1.0M$500K$0-$500KRevenue 2011: $104,124Expenses 2011: $54,894Net Income 2011: $49,2302011Revenue 2012: $51,081Expenses 2012: $62,074Net Income 2012: -$10,9932012Revenue 2013: $50,714Expenses 2013: $58,283Net Income 2013: -$7,5692013Revenue 2014: $51,307Expenses 2014: $55,584Net Income 2014: -$4,2772014Revenue 2015: $50,260Expenses 2015: $70,329Net Income 2015: -$20,0692015Revenue 2016: $50,139Expenses 2016: $63,297Net Income 2016: -$13,1582016Revenue 2017: $53,547Expenses 2017: $42,485Net Income 2017: $11,0622017Revenue 2018: $6,948Expenses 2018: $26,506Net Income 2018: -$19,5582018Revenue 2019: $43,653Expenses 2019: $24,754Net Income 2019: $18,8992019Revenue 2020: $2,157Expenses 2020: $18,274Net Income 2020: -$16,1172020Revenue 2021: $125,432Expenses 2021: $101,543Net Income 2021: $23,8892021Revenue 2023: $1,406,707Expenses 2023: $74,984Net Income 2023: $1,331,7232023Revenue 2024: $151,374Expenses 2024: $336,887Net Income 2024: -$185,5132024Revenue 2025: $150,427Expenses 2025: $543,734Net Income 2025: -$393,3072025

Highlighted filing

2025

Revenue$150,427
Expenses$543,734
Net Income-$393,307
Open 2025 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2024 to Jun 30, 2025
Signed
Sep 1, 2025
Return Version
2024v5.1
Gross Receipts
$150,427
Mission and Program Overview

Mission

Scale PlanetReads Same Language Subtitling SLS innovation on mainstream entertainment content on TV and streaming in all languages for three purposes: 1 reading literacy 2 media access and 3 language learning driven by a strategy for systemwide adoption. In India where SLS is gaining traction it has the potential to benefit one billion people. Our system change effort will unfold over 5-7 years in India and is ultimately expected to benefit one billion people. This strategy shift is made possible by competing globally and winning a system change grant from Co-Impact. After successful implementation of SLS in India PlanetRead aims to scale SLS in other countries.

PlanetRead innovated Same Language Subtitling SLS for mass reading literacy. Champions SLS-related impact research pilots speech-to-text technology development and systemwide adoption and implementation on TV and streaming platforms for reading media access and language learning. Currently: India.

Balance Sheet Detail
LineBeginningEndChange
Assets
Rtn Earn Endowment Incm Other Fnds$1,166,865$773,558▼ $393,307
Savings and Temporary Cash Investments$1,024,942$742,505▼ $282,437
Cash and Non-Interest-Bearing Accounts$141,823$30,953▼ $110,870
Accounts Receivable$0$0→ $0
Other Notes and Loans Receivable, Net$0$0→ $0
Pledges and Grants Receivable$0$0→ $0
Receivable From Disqualified Prsn$0$0→ $0
Receivables From Officers Etc$0$0→ $0
Investments Other Securities$0$0→ $0
Investments Program Related$0$0→ $0
Investments in Publicly Traded Securities$0$0→ $0
Land, Buildings, and Equipment, Net$0$0→ $0
Pd in Cap Srpls Land Bldg Eqp Fund$0$0→ $0
Cap Stk Tr Prin Current Funds$0$0→ $0
Intangible Assets$0$0→ $0
Inventories for Sale or Use$0$0→ $0
Loans From Officers Directors$0$0→ $0
Prepaid Expenses and Deferred Charges$0$0→ $0
Total Assets$1,166,865$773,558▼ $393,307
Other Assets Total$100$100→ $0
Liabilities
Accounts Payable and Accrued Expenses$0$0→ $0
Grants Payable$0$0→ $0
Mortgage Notes Payable Secured by Investment Property$0$0→ $0
Unsecured Notes Loans Payable$0$0→ $0
Other Liabilities$0$0→ $0
Deferred Revenue$0$0→ $0
Escrow Account Liability$0$0→ $0
Tax Exempt Bond Liabilities$0$0→ $0
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Total Net Assets Fund Balance$1,166,865$773,558▼ $393,307
Total Liabilities and Net Assets / Fund Balance$1,166,865$773,558▼ $393,307
Compensation and Service Providers
Top Officer Pay93rd percentile

Employees

NameTitleFull / Part TimeBaseTotal
Brij KothariDirectorFT$148,019$148,019

Board Members and Trustees

NameTitle
Shweta SureshBoard Chair Director
Robert LynchCFO Director
Megan SmithDirector
Revenue and Support

Revenue Composition

Contributions and Grants
$137,305
Program Service Revenue
$0
Investment Income
$13,122
Other Revenue
$0
All Other Contributions
$137,305
Change in Net Assets
$-393,307
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$356,539
Salaries, Compensation, and Employee Benefits$148,723
Other Expenses$33,472
Total Fundraising Expense$10,000
Professional Fundraising Fees$5,000

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Foreign Grants$356,539--$356,539
Current Officers, Directors, Trustees, and Key Employees$123,019$20,000$5,000$148,019
Fees for Services Accounting$3,003$7,478$0$10,481
Advertising$9,000$0$0$9,000
Travel$7,033$0$0$7,033
Fees for Services Professional Fundraising--$5,000$5,000
Fees for Services Management$3,769$0$0$3,769
Information Technology$1,766$0$0$1,766
Insurance$0$745$0$745
Payroll Taxes$0$704$0$704
Total Functional Expenses$504,558$29,176$10,000$543,734
International Activity

International Compliance

Activity in boycott countries
No
Foreign corporation ownership
No
Foreign partnership interest
No
Interest in foreign trust
No
Passive foreign investment company interest
No
Transfers to foreign corporations
No
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$5,000
Fundraising Direct Expenses$0
Fundraising Gross Income$0
Gaming Direct Expenses$0
Gaming Gross Income$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Loans from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Receivables from Disqualified Persons$0$0→ $0
Receivables from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
Yes
Annual disclosure for covered persons
No
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

Part VI, Line 11A

“The preparer shares by email with all the Board Members for review makes corrections if any gets approval before final submission.”

Part VI, Line 15

“The CEOs compensation is determined by the board not including the CEO. An independent consultant handles the process including performance review.”

Filing and Contact Details

Filer

Filer Name
Planetread
EIN
57-1198966
In Care Of
% Brij Kothari
Phone
5104353175
Address
26 MANOR DR, PIEDMONT, CA 94611-4144

Signing Officer

Name
Brij Kothari
Title
Director
Signed
2025-09-01

Organization Details

Formed
2004
Legal Domicile
CA
Voting Board Members
4
Independent Board Members
3
Employees
1
Volunteers
0
Raw XML AppendixShowing 400 of 616 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/MissionDesc0Scale PlanetReads Same Language Subtitling SLS innovation on mainstream entertainment content on TV and streaming in all languages for three purposes: 1 reading literacy 2 media access and 3 language learning driven by a strategy for systemwide adoption. In India where SLS is gaining traction it has the potential to benefit one billion people. Our system change effort will unfold over 5-7 years in India and is ultimately expected to benefit one billion people. This strategy shift is made possible by competing globally and winning a system change grant from Co-Impact. After successful implementation of SLS in India PlanetRead aims to scale SLS in other countries.
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IRS990/ProgramServiceRevenueGrp/UnrelatedBusinessRevenueAmt30
IRS990/ProgramServiceRevenueGrp/UnrelatedBusinessRevenueAmt40
IRS990/ProgSrvcAccomActy2Grp/Desc0A research grant was given to eye-tracking experts at Macquarie University to analyze the data from India on reading along with SLS. This is creating the evidence for the acceptance of SLS by the entertainment industry.
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IRS990/ProgSrvcAccomActy3Grp/Desc0AniBooks animated stories for children with Same Language Subtitles SLS produced in 6 indigenous languages of Arunachal Pradesh.
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Document Assets

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Filings

Displayed year

2025 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$773,558
Liabilities
$0
Net assets
$773,558
Revenue
$150,427
Expenses
$543,734
Net income
-$393,307
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$0.77$0.00$0.77$0.15$0.54$0.39
2024Detailed filing. Detailed filing data is available for this year.$1.17$0.00$1.17$0.15$0.34$0.19
2023Detailed filing. Detailed filing data is available for this year.$1.35$0.00$1.35$1.41$0.07$1.33
2021Summary only. Only limited summary data is available for this year.$0.03$0.00$0.13$0.10$0.02
2020Summary only. Only limited summary data is available for this year.$0.00$0.00$0.00$0.02$0.02
2019Summary only. Only limited summary data is available for this year.$0.02$0.00$0.04$0.02$0.02
2018Summary only. Only limited summary data is available for this year.$0.00$0.00$0.01$0.03$0.02
2017Summary only. Only limited summary data is available for this year.$0.02$0.00$0.05$0.04$0.01
2016Summary only. Only limited summary data is available for this year.$0.01$0.00$0.05$0.06$0.01
2015Summary only. Only limited summary data is available for this year.$0.02$0.00$0.05$0.07$0.02
2014Summary only. Only limited summary data is available for this year.$0.04$0.00$0.05$0.06$0.00
2013Summary only. Only limited summary data is available for this year.$0.05$0.00$0.05$0.06$0.01
2012Summary only. Only limited summary data is available for this year.$0.05$0.00$0.05$0.06$0.01
2011Summary only. Only limited summary data is available for this year.$0.07$0.00$0.10$0.05$0.05