Civic Intelligence

Ferst Foundation for Childhood Literacy Inc

990 • Fiscal year 2018 • EIN 58-2489181

Jan 01, 2018 to Dec 31, 2018 • Filed on Nov 04, 2019

Organization ProfileWWW.FERSTREADERS.ORG

View Organization Page

PO Box 1327Madison, GA 30650

(706) 343-0177

Siviq Scores

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

Liabilities / Assets

39th percentile

0.04x

Higher debt load relative to assets than 39% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2018

Liabilities / Revenue

33rd percentile

0.04x

Higher debt load relative to revenue than 33% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2018

Net Margin

78th percentile

20%

Higher net margin than 78% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2018

Top Officer Pay

57th percentile

$78,000

Higher top officer pay than 57% of similar nonprofits.

Top officer pay equals 3.8% of source-year revenue.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2018

Asset Growth

86th percentile

29%

Faster asset growth than 86% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2017 to 2018

Revenue Growth

80th percentile

28%

Faster revenue growth than 80% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2017 to 2018

Balance Sheet
Liabilities / Assets39th percentile

Assets

Up

$1,980,528

Up $441,986 (+29%) from 2017

Net Assets

Up

$1,904,666

Up $415,204 (+28%) from 2017

Liabilities

Up

$75,862

Up $26,782 (+55%) from 2017

Revenue And Expenses
Liabilities / Revenue33rd percentileNet Margin78th percentile

Revenue

Up

$2,040,796

Up $450,517 (+28%) from 2017

Expenses

Up

$1,625,594

Up $352,364 (+28%) from 2017

Net Income

Up

$415,202

Up $98,153 (+31%) from 2017

Historical Trend

Balance Sheet Trend

Asset Growth86th percentile

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

$3.0M$2.0M$1.0M$0Assets 2011: $1,020,187Liabilities 2011: $52,441Net Assets 2011: $967,7462011Assets 2012: $1,087,895Liabilities 2012: $76,454Net Assets 2012: $1,011,4412012Assets 2013: $1,012,909Liabilities 2013: $21,352Net Assets 2013: $991,5572013Assets 2014: $1,022,543Liabilities 2014: $38,461Net Assets 2014: $984,0822014Assets 2015: $1,019,209Liabilities 2015: $16,515Net Assets 2015: $1,002,6942015Assets 2016: $1,239,018Liabilities 2016: $66,606Net Assets 2016: $1,172,4122016Assets 2017: $1,538,542Liabilities 2017: $49,080Net Assets 2017: $1,489,4622017Assets 2018: $1,980,528Liabilities 2018: $75,862Net Assets 2018: $1,904,6662018Assets 2019: $2,030,839Liabilities 2019: $93,426Net Assets 2019: $1,937,4132019Assets 2020: $1,920,921Liabilities 2020: $10,683Net Assets 2020: $1,910,2382020Assets 2021: $2,420,121Liabilities 2021: $114,065Net Assets 2021: $2,306,0562021Assets 2022: $1,597,930Liabilities 2022: $19,468Net Assets 2022: $1,578,4622022Assets 2023: $2,103,064Liabilities 2023: $146,498Net Assets 2023: $1,956,5662023Assets 2024: $1,930,863Liabilities 2024: $194,184Net Assets 2024: $1,736,6792024

Highlighted filing

2018

Assets$1,980,528
Liabilities$75,862
Net Assets$1,904,666
Open 2018 Filing

Operations Trend

Revenue Growth80th percentile

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

$3.0M$2.0M$1.0M$0-$1.0MRevenue 2011: $2,247,221Expenses 2011: $2,119,322Net Income 2011: $127,8992011Expenses 2012: $1,152,8942012Revenue 2013: $941,945Expenses 2013: $961,826Net Income 2013: -$19,8812013Revenue 2014: $961,364Expenses 2014: $968,839Net Income 2014: -$7,4752014Revenue 2015: $1,042,103Expenses 2015: $1,023,490Net Income 2015: $18,6132015Revenue 2016: $1,259,427Expenses 2016: $1,089,708Net Income 2016: $169,7192016Revenue 2017: $1,590,279Expenses 2017: $1,273,230Net Income 2017: $317,0492017Revenue 2018: $2,040,796Expenses 2018: $1,625,594Net Income 2018: $415,2022018Revenue 2019: $1,879,782Expenses 2019: $1,847,037Net Income 2019: $32,7452019Revenue 2020: $1,927,302Expenses 2020: $1,954,478Net Income 2020: -$27,1762020Revenue 2021: $2,368,538Expenses 2021: $1,998,344Net Income 2021: $370,1942021Revenue 2022: $1,848,340Expenses 2022: $2,392,283Net Income 2022: -$543,9432022Revenue 2023: $2,728,942Expenses 2023: $2,478,137Net Income 2023: $250,8052023Revenue 2024: $2,191,141Expenses 2024: $2,473,378Net Income 2024: -$282,2372024

Highlighted filing

2018

Revenue$2,040,796
Expenses$1,625,594
Net Income$415,202
Open 2018 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2018 to Dec 31, 2018
Signed
Nov 4, 2019
Return Version
2018v3.1
Gross Receipts
$2,556,040
Mission and Program Overview

Mission

Ferst readers provides books for local communities to prepare preschool children for reading and learning success. Providing literacy resources for children, birth to five, and families, ferst readers strives to improve school readiness and early learning outcomes.

Strengthening communities by providing quality books and literacy resources for children and their families to use at home during the earliest stages of development.

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$693,324$1,562,705▲ $869,381
Cash and Non-Interest-Bearing Accounts$817,170$356,989▼ $460,181
Prepaid Expenses and Deferred Charges$19,180--
Inventories for Sale or Use-$11,955-
Accounts Receivable$3,488$7,274▲ $3,786
Land, Buildings, and Equipment, Net$3,953$2,790▼ $1,163
Total Assets$1,538,542$1,980,528▲ $441,986
Other Assets Total$1,427$38,815▲ $37,388
Liabilities
Accounts Payable and Accrued Expenses$8,679$41,887▲ $33,208
Escrow Account Liability$40,401$33,975▼ $6,426
Total Liabilities$49,080$75,862▲ $26,782
Net Assets / Fund Balance
Temporarily Rstr Net Assets$979,646$1,348,008▲ $368,362
Unrestricted Net Assets$509,816$556,658▲ $46,842
Total Net Assets Fund Balance$1,489,462$1,904,666▲ $415,204
Total Liabilities and Net Assets / Fund Balance$1,538,542$1,980,528▲ $441,986

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$595$39,297$39,892
Leasehold Improvements$2,164$4,336$6,500
Other Land Buildings$31$5,074$5,105
Compensation and Service Providers
Top Officer Pay57th percentile

Employees

NameTitleFull / Part TimeBaseTotal
Elizabeth WagenhauserPresidentFT$78,000$78,000
Amy ZyglerDirector of AccountingFT$49,113$49,113

Board Members and Trustees

NameTitle
Stacy BreesChair
Errika MooreVice Chair
Amy Burton StoreyBoard Member
Bill VernerBoard Member
Brigitte PeckBoard Member
Chris BargeBoard Member
Dr Julie SteeleBoard Member
Dr Paul AlbertoBoard Member
Dr Stan DejarnettBoard Member
Eve GoldsteinBoard Member
James Scott CampbellBoard Member
Jason ByarsBoard Member
Kate HallBoard Member
Lauri StraussBoard Member
Margaret QuinlinBoard Member
Nancy G HallBoard Member
R Corley Watson IiiBoard Member
Rayna WoodenBoard Member
Susannah BalishBoard Member
Will AcreeBoard Member
Dr Babs JohnstonSecretary
Warren SteeleTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$1,912,628
Program Service Revenue
$0
Investment Income
$19,351
Other Revenue
$108,817
All Other Contributions
$1,406,777
Change in Net Assets
$415,202

Audited Revenue Reconciliation

Revenue per Audited Statements
$2,040,796
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$20,564
Total Revenue per Audited Statements
$2,061,360
Total Revenue per Form 990
$2,040,796
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$1,310,617
Salaries, Compensation, and Employee Benefits$314,977
Total Fundraising Expense$25,711
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$136,374$24,790$1,973$163,137
Current Officers, Directors, Trustees, and Key Employees$83,057$27,445$16,611$127,113
Payroll Taxes$18,802$4,033$1,892$24,727
Fees for Services Accounting$17,384$1,352$579$19,315
Office Expenses$12,421$1,302$1,257$14,980
Advertising$332$12,690$7$13,029
Travel$11,020$854$1,149$13,023
Information Technology$8,718$548$235$9,501
Occupancy$3,787$283$108$4,178
Conferences and Meetings$2,626$291$783$3,700
Insurance-$2,711-$2,711
Other Expenses$585$1,158$395$2,138
Fees for Services Other$1,493$2-$1,495
Depreciation Depletion$1,046$81$35$1,162
All Other Expenses$91$848$11$950
Total Functional Expenses$1,516,881$83,002$25,711$1,625,594

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$1,646,158
Expenses per Audited Statements$1,625,594
Total Expenses per Form 990$1,625,594
Expenses Not Reported on Form 990$20,564
Expenses Not Reported on Financial Statements$0
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
Yes
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$103,582
Gaming Gross Income$19,995
Fundraising Direct Expenses$13,760
Gaming Direct Expenses$1,000
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
An Evening With the Authors$30,192$30,192$494$29,698
Henry County Spring Luncheon$23,605$23,605$2,804$20,801
Total Events$103,582$103,582$13,760$89,822
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Interested-Person Transactions

Interested PartyRelationshipDescriptionShared RevenueAmount
-Entity Owned by Margaret Quinlin a Current Member of the Bod.Peachtree Publishers Is One of 3 Book Publishers the Organization Purchases Books From for Distribution. Approximately One Third of the Books Distributed Are Purchased From Peachtree Publishers. the Price of Books Purchased From Peachtree Publishers Is Consistent With the Purchase Price of Books From the Other Two Publishers. the Bod Approved Peachtree Publishers as One of the 3 Publishers From Which Books Are Purchased With the Knowledge a Board Member Was the Owner. the Owner Abstained From the Deliberations and Vote.No$237,631
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 family members
No
Business relationship with organization members
Yes
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, Part VI, Section B, Line 11B

“Initial draft of 990 is reviewed by the chairman of the board, president, and finance committee. After any required changes are made, the second draft is sent to the entire board membership for review. After a comment period, the finance committee approves the 990 and the 990 is signed by the treasurer.”

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

“All board members and employees are subject to the conflict of interest policy. If a conflict of interest occurs, the board member is prohibited from participating in the deliberation and vote on the transaction. Due to the nature of the organization, the number of material transactions outside the "ferst readers" program are minimal, therefore each potential conflict is reviewed by the executive committee as needed.”

Form 990, Part VI, Section B, Line 15

“Compensation review process - a compensation study was completed by an independent ad-hoc committee using average salaries for similar size organizations obtained from the ga center for non profits. As part of the staff reorganization, a job description and salary range were approved for the positions of president and operations director by the board of directors. The executive committee was authorized to negotiate the specific salary for each employee within the approved salary range.”

Form 990, Part VI, Section C, Line 19

“Governing documents and financial statements are available on request.”

Filing and Contact Details

Filer

Filer Name
Ferst Readers Inc
EIN
58-2489181
Phone
7063430177
Address
PO BOX 1327, MADISON, GA 30650

Signing Officer

Name
Warren Steele
Title
Treasurer
Phone
7063430177
Signed
2019-11-04
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Betsy Wagenhauser
Formed
1999
Legal Domicile
Ga
Voting Board Members
22
Independent Board Members
22
Employees
11
Volunteers
700

Preparer

Firm
Bates Carter & Co Llp
Address
PO DRAWER 2396, GAINESVILLE, GA 30503
Preparer
Kristi Griffin
Phone
7705329131
Supplemental Narrative

Additional Explanations

FORM 990, PART XI, LINE 9:

“ROUNDING 2.”

FORM 990, PART XII, LINE 2C:

“There were no changes in oversight of the audit and selection of the independent accountant.”

Financial Statement Notes

PART IV, LINE 2B:

“The organization serves as administrator of the georgia rural libraries initiative which provides multi-year grants to five county libraries in rural communities in georgia to enhance the availability of early childhood learning resources in rural communities primarily through existing public libraries. The organization also serves as an administrator for toombs county family connection, a local collaboration that supports the statewide "get georgia reading" campaign which provides a variety of literacy related services to children and adults in toombs county.”

PART X, LINE 2:

“The organization does not have a asc 740-10 (formerly fin 48) disclosure related to uncertain tax positions.”

PART XI, LINE 2D - OTHER ADJUSTMENTS:

“ROUNDING -1.”

PART XII, LINE 2D - OTHER ADJUSTMENTS:

“ROUNDING -1.”

Raw XML AppendixShowing 400 of 642 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/ActivityOrMissionDesc0STRENGTHENING COMMUNITIES BY PROVIDING QUALITY BOOKS AND LITERACY RESOURCES FOR CHILDREN AND THEIR FAMILIES TO USE AT HOME DURING THE EARLIEST STAGES OF DEVELOPMENT.
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IRS990/Desc0CHILDREN, BIRTH TO FIVE, WHO PARTICIPATE IN THE FERST READERS PROGRAM RECEIVE A FREE, AGE-APPROPRIATE BOOK EVERY MONTH IN THE MAIL ALONG WITH LITERACY SUPPORT RESOURCES FOR PARENTS THAT HELP CREATE A LANGUAGE-RICH ENVIRONMENT IN THE HOME. THE FERST READERS PROGRAM INCREASES CHILDREN'S ACCESS TO PRINT AND EARLY LANGUAGE EXPERIENCES SO THAT THEY HAVE THE BEST CHANCE OF ENTERING SCHOOL WITH THE SKILLS NECESSARY TO SUCCEED. COMMUNITY ACTION TEAMS, COMPRISED OF DEDICATED VOLUNTEERS, IMPLEMENT THE PROGRAM AT THE LOCAL LEVEL BY RAISING FUNDS, REGISTERING CHILDREN AND PARTNERING WITH OTHER ORGANIZATIONS TO RAISE AWARENESS AROUND THE EARLY LITERACY ISSUE. PARTNER ACTION TEAMS ARE DIRECT FUNDERS WHO CHOOSE TO SUPPORT A SPECIFIC GROUP OF CHILDREN FOR PROGRAM ENROLLMENT. THE FERST READERS PROGRAM CURRENTLY SERVES MORE THAN 47,000 CHILDREN EACH MONTH AND TO DATE HAS MAILED MORE THAN 6 MILLION BOOKS.
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IRS990/Form990PartVIISectionAGrp/PersonNm1ERRIKA MOORE
IRS990/Form990PartVIISectionAGrp/PersonNm2WARREN STEELE
IRS990/Form990PartVIISectionAGrp/PersonNm3DR BABS JOHNSTON
IRS990/Form990PartVIISectionAGrp/PersonNm4JASON BYARS
IRS990/Form990PartVIISectionAGrp/PersonNm5WILL ACREE
IRS990/Form990PartVIISectionAGrp/PersonNm6DR PAUL ALBERTO
IRS990/Form990PartVIISectionAGrp/PersonNm7SUSANNAH BALISH
IRS990/Form990PartVIISectionAGrp/PersonNm8DR STAN DEJARNETT
IRS990/Form990PartVIISectionAGrp/PersonNm9CHRIS BARGE
IRS990/Form990PartVIISectionAGrp/PersonNm10JAMES SCOTT CAMPBELL
IRS990/Form990PartVIISectionAGrp/PersonNm11NANCY G HALL
IRS990/Form990PartVIISectionAGrp/PersonNm12AMY BURTON STOREY
IRS990/Form990PartVIISectionAGrp/PersonNm13BRIGITTE PECK
IRS990/Form990PartVIISectionAGrp/PersonNm14MARGARET QUINLIN
IRS990/Form990PartVIISectionAGrp/PersonNm15LAURI STRAUSS
IRS990/Form990PartVIISectionAGrp/PersonNm16DR JULIE STEELE
IRS990/Form990PartVIISectionAGrp/PersonNm17EVE GOLDSTEIN
IRS990/Form990PartVIISectionAGrp/PersonNm18BILL VERNER
IRS990/Form990PartVIISectionAGrp/PersonNm19KATE HALL
IRS990/Form990PartVIISectionAGrp/PersonNm20R CORLEY WATSON III
IRS990/Form990PartVIISectionAGrp/PersonNm21RAYNA WOODEN
IRS990/Form990PartVIISectionAGrp/PersonNm22ELIZABETH WAGENHAUSER
IRS990/Form990PartVIISectionAGrp/PersonNm23AMY ZYGLER
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/ReportableCompFromOrgAmt80
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt90
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt100
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt110
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt120
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt130
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt140
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt150
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt160
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt170
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt180
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt190
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt200
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt210
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt2278000
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt2349113
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/ReportableCompFromRltdOrgAmt90
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt100
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt110
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt120
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt130
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt140
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt150
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt160
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt170
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt180
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt190
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt200
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt210
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt220
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt230
IRS990/Form990PartVIISectionAGrp/TitleTxt0CHAIR
IRS990/Form990PartVIISectionAGrp/TitleTxt1VICE CHAIR
IRS990/Form990PartVIISectionAGrp/TitleTxt2TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt3SECRETARY
IRS990/Form990PartVIISectionAGrp/TitleTxt4BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt5BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt6BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt7BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt8BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt9BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt10BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt11BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt12BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt13BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt14BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt15BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt16BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt17BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt18BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt19BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt20BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt21BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt22PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt23DIRECTOR OF ACCOUNTING
IRS990/Form990ProvidedToGvrnBodyInd01
IRS990/FormationYr01999
IRS990/FormerOfcrEmployeesListedInd00
IRS990/FSAuditedBasisGrp/SeparateBasisFinclStmtInd0X
IRS990/FSAuditedInd01
IRS990/FundraisingActivitiesInd01
IRS990/FundraisingDirectExpensesAmt013760
IRS990/FundraisingGrossIncomeAmt0103582
IRS990/GainOrLossGrp/SecuritiesAmt0661
IRS990/GamingActivitiesInd01
IRS990/GamingDirectExpensesAmt01000
IRS990/GamingGrossIncomeAmt019995
IRS990/GoverningBodyVotingMembersCnt022
IRS990/GrantsToIndividualsInd00
IRS990/GrantsToOrganizationsInd00
IRS990/GrantToRelatedPersonInd00
IRS990/GrossAmountSalesAssetsGrp/SecuritiesAmt0501145
IRS990/GrossReceiptsAmt02556040
IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd00
IRS990/IndependentAuditFinclStmtInd01
IRS990/IndependentVotingMemberCnt022
IRS990/IndivRcvdGreaterThan100KCnt00
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartIIIInd0X
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InfoInScheduleOPartXIIInd0X
IRS990/InfoInScheduleOPartXIInd0X
IRS990/InformationTechnologyGrp/FundraisingAmt0235
IRS990/InformationTechnologyGrp/ManagementAndGeneralAmt0548
IRS990/InformationTechnologyGrp/ProgramServicesAmt08718
IRS990/InformationTechnologyGrp/TotalAmt09501
IRS990/InsuranceGrp/ManagementAndGeneralAmt02711
IRS990/InsuranceGrp/TotalAmt02711
IRS990/InventoriesForSaleOrUseGrp/EOYAmt011955
IRS990/InvestmentIncomeGrp/ExclusionAmt018690
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt018690
IRS990/InvestmentInJointVentureInd00
IRS990/IRPDocumentCnt08
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt048707
IRS990/LandBldgEquipBasisNetGrp/BOYAmt03953
IRS990/LandBldgEquipBasisNetGrp/EOYAmt02790
IRS990/LandBldgEquipCostOrOtherBssAmt051497
IRS990/LegalDomicileStateCd0GA
IRS990/LessCostOthBasisSalesExpnssGrp/SecuritiesAmt0500484
IRS990/LoanOutstandingInd00
IRS990/LobbyingActivitiesInd00
IRS990/LocalChaptersInd01
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersOrStockholdersInd00
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0FERST READERS PROVIDES BOOKS FOR LOCAL COMMUNITIES TO PREPARE PRESCHOOL CHILDREN FOR READING AND LEARNING SUCCESS. PROVIDING LITERACY RESOURCES FOR CHILDREN, BIRTH TO FIVE, AND FAMILIES, FERST READERS STRIVES TO IMPROVE SCHOOL READINESS AND EARLY LEARNING OUTCOMES.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/NetAssetsOrFundBalancesBOYAmt01489462
IRS990/NetAssetsOrFundBalancesEOYAmt01904666
IRS990/NetGainOrLossInvestmentsGrp/ExclusionAmt0661
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt0661
IRS990/NetIncmFromFundraisingEvtGrp/ExclusionAmt089822
IRS990/NetIncmFromFundraisingEvtGrp/TotalRevenueColumnAmt089822
IRS990/NetIncomeFromGamingGrp/ExclusionAmt018995
IRS990/NetIncomeFromGamingGrp/TotalRevenueColumnAmt018995
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/FundraisingAmt0108
IRS990/OccupancyGrp/ManagementAndGeneralAmt0283
IRS990/OccupancyGrp/ProgramServicesAmt03787
IRS990/OccupancyGrp/TotalAmt04178
IRS990/OfficeExpensesGrp/FundraisingAmt01257
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt01302
IRS990/OfficeExpensesGrp/ProgramServicesAmt012421
IRS990/OfficeExpensesGrp/TotalAmt014980
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt01427
IRS990/OtherAssetsTotalGrp/EOYAmt038815
IRS990/OtherChangesInNetAssetsAmt02
IRS990/OtherExpensesGrp/Desc0READ TO ME LIBRARY
IRS990/OtherExpensesGrp/Desc1CAT SUPPORT
IRS990/OtherExpensesGrp/Desc2VOLUNTEER RECOGNITION
IRS990/OtherExpensesGrp/Desc3DUES AND SUBSCRIPTIONS
IRS990/OtherExpensesGrp/FundraisingAmt0651
IRS990/OtherExpensesGrp/FundraisingAmt125
IRS990/OtherExpensesGrp/FundraisingAmt2395
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt01427
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt13187
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt21158
IRS990/OtherExpensesGrp/ProgramServicesAmt01198289
IRS990/OtherExpensesGrp/ProgramServicesAmt120856
IRS990/OtherExpensesGrp/ProgramServicesAmt2585
IRS990/OtherExpensesGrp/TotalAmt01198289
IRS990/OtherExpensesGrp/TotalAmt122934
IRS990/OtherExpensesGrp/TotalAmt23212
IRS990/OtherExpensesGrp/TotalAmt32138
IRS990/OtherSalariesAndWagesGrp/FundraisingAmt01973
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt024790
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt0136374
IRS990/OtherSalariesAndWagesGrp/TotalAmt0163137
IRS990/OtherWebsiteInd0X
IRS990/OwnWebsiteInd0X
IRS990/PartialLiquidationInd00
IRS990/PayrollTaxesGrp/FundraisingAmt01892
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt04033
IRS990/PayrollTaxesGrp/ProgramServicesAmt018802
IRS990/PayrollTaxesGrp/TotalAmt024727
IRS990/PoliciesReferenceChaptersInd01
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt019180
IRS990/PrincipalOfficerNm0BETSY WAGENHAUSER
IRS990/ProfessionalFundraisingInd00
IRS990/ProgSrvcAccomActy2Grp/Desc0FERST READERS ADMINISTERS THE GEORGIA RURAL LIBRARIES INITIATIVE WHICH PROVIDES MULTI-YEAR GRANTS TO FIVE COUNTY LIBRARIES IN RURAL COMMUNITIES IN GEORGIA. THESE GRANTS SERVE TO ENHANCE THE AVAILABILITY OF EARLY CHILDHOOD LEARNING RESOURCES IN RURAL COMMUNITIES PRIMARILY THROUGH EXISTING PUBLIC LIBRARIES. FERST READERS SERVES AS FISCAL AGENT FOR GRANTS PROVIDED THROUGH THE GREATER ATLANTA COMMUNITY FOUNDATION FROM AN ANONYMOUS DONOR.
IRS990/ProgSrvcAccomActy3Grp/Desc0FERST READERS SERVES AS THE FISCAL AGENT FOR TOOMBS COUNTY FAMILY CONNECTION/GET TOOMBS COUNTY READING CAMPAIGN, A LOCAL COLLABORATION THAT SUPPORTS THE STATEWIDE "GET GEORGIA READING" CAMPAIGN, THROUGH GRANTS FROM THE LITERACY FOR ALL FUND. THE GTCRC PROVIDES A VARIETY OF LITERACY-RELATED SERVICES TO CHILDREN AND ADULTS IN TOOMBS COUNTY INCLUDING THE FERST READERS PROGRAM.
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt01496375
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt0139
IRS990/PYOtherExpensesAmt01029247
IRS990/PYOtherRevenueAmt093740
IRS990/PYProgramServiceRevenueAmt025
IRS990/PYRevenuesLessExpensesAmt0317049
IRS990/PYSalariesCompEmpBnftPaidAmt0243983
IRS990/PYTotalExpensesAmt01273230
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt01590279
IRS990/QuidProQuoContributionsInd00
IRS990/ReconcilationRevenueExpnssAmt0415202

Document Assets

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Filings

Displayed year

2018 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$1,980,528
Liabilities
$75,862
Net assets
$1,904,666
Revenue
$2,040,796
Expenses
$1,625,594
Net income
$415,202
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$1.93$0.19$1.74$2.19$2.47$0.28
2023Detailed filing. Detailed filing data is available for this year.$2.10$0.15$1.96$2.73$2.48$0.25
2022Detailed filing. Detailed filing data is available for this year.$1.60$0.02$1.58$1.85$2.39$0.54
2021Detailed filing. Detailed filing data is available for this year.$2.42$0.11$2.31$2.37$2.00$0.37
2020Detailed filing. Detailed filing data is available for this year.$1.92$0.01$1.91$1.93$1.95$0.03
2019Detailed filing. Detailed filing data is available for this year.$2.03$0.09$1.94$1.88$1.85$0.03
2018Detailed filing. Detailed filing data is available for this year.$1.98$0.08$1.90$2.04$1.63$0.42
2017Summary only. Only limited summary data is available for this year.$1.54$0.05$1.49$1.59$1.27$0.32
2016Detailed filing. Detailed filing data is available for this year.$1.24$0.07$1.17$1.26$1.09$0.17
2015Detailed filing. Detailed filing data is available for this year.$1.02$0.02$1.00$1.04$1.02$0.02
2014Detailed filing. Detailed filing data is available for this year.$1.02$0.04$0.98$0.96$0.97$0.01
2013Detailed filing. Detailed filing data is available for this year.$1.01$0.02$0.99$0.94$0.96$0.02
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.09$0.08$1.01$1.15
2011Summary only. Only limited summary data is available for this year.$1.02$0.05$0.97$2.25$2.12$0.13