Civic Intelligence

IT Pays to Read Inc.

EIN 83-1697135 • 501(c)3 • Louisville, KY

Pub. 78 Eligible990-N Coverage

Profile

It pays to read is a not-for-profit organization established to celebrate and promote the love and benefits of reading, writing and literacy. We believe that literacy is a fundamental human right and that there is power and purpose in bringing books to life every day of the year. We celebrate books and use them to highlight and grow the resilient culture of our vibrant city, as well as to encourage and elevate our creative thinking as a community.

1230 S Hurstbourne PkwyLouisville, KY 40222

n/A

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

60th percentile

0.00x

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

501(c)3 • <$500k nonprofits • Source year 2019

Liabilities / Revenue

62nd percentile

0.00x

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

501(c)3 • <$500k nonprofits • Source year 2019

Net Margin

21st percentile

-24%

Higher net margin than 21% of similar nonprofits.

501(c)3 • <$500k nonprofits • Source year 2019

Top Officer Pay

81st percentile

$0

Higher top officer pay than 81% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

501(c)3 • <$500k nonprofits • Source year 2019

Asset Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2019

Revenue Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2019

Balance Sheet
Liabilities / Assets60th percentile

Assets

$53

No earlier filing loaded for comparison.

Liabilities

$0

No earlier filing loaded for comparison.

Net Assets

$53

No earlier filing loaded for comparison.

Operations
Liabilities / Revenue62nd percentileNet Margin21st percentile

Revenue

$7,500

No earlier filing loaded for comparison.

Expenses

$9,277

No earlier filing loaded for comparison.

Net Income

-$1,777

No earlier filing loaded for comparison.

Trend Graphs

Balance Sheet Trend

Asset GrowthScore unavailable

Grouped bars show assets, liabilities, and net assets across loaded filings.

$60$40$20$0Assets 2019: $53Liabilities 2019: $0Net Assets 2019: $532019

Highlighted filing

2019

Assets$53
Liabilities$0
Net Assets$53
Open 2019 Filing

Operations Trend

Revenue GrowthScore unavailable

Revenue, expenses, and net income by year, with the latest filing highlighted.

$10K$5.0K$0-$5.0KRevenue 2019: $7,500Expenses 2019: $9,277Net Income 2019: -$1,7772019

Highlighted filing

2019

Revenue$7,500
Expenses$9,277
Net Income-$1,777
Open 2019 Filing

Filings

Most recent year

2019 • Form 990EZDetailed filing. Detailed filing data is available for this year.

Open filing
Assets
$53
Liabilities
$0
Net assets
$53
Revenue
$7,500
Expenses
$9,277
Net income
-$1,777
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2019Detailed filing. Detailed filing data is available for this year.$53$0$53$7,500$9,277$1,777
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2019 to Dec 31, 2019
Signed
Nov 10, 2020
Return Version
2019v5.1
Gross Receipts
$7,500
Mission and Program Overview

Mission

It pays to read is a not-for-profit organization established to celebrate and promote the love and benefits of reading, writing and literacy. We believe that literacy is a fundamental human right and that there is power and purpose in bringing books to life every day of the year. We celebrate books and use them to highlight and grow the resilient culture of our vibrant city, as well as to encourage and elevate our creative thinking as a community.

Program Services

DescriptionGrantsExpenses
THE MISSION IS TO CELEBRATE AND PROMOTE THE LOVE AND BENEFITS OF READING, WRITING AND LITERACY.$0$9,277
Compensation and Service Providers
Top Officer Pay81st percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
DEIRDRE CUMMINGSDirectorPT$0--
ANTHONY CUMMINGSDirectorPT$0--
Filing and Contact Details

Filer

Filer Name
It Pays to Read Inc
EIN
83-1697135
Phone
5027411149
Address
1230 S HURSTBOURNE PKWY, LOUISVILLE, KY 40222

Signing Officer

Name
Deirdre Cummings
Title
Director
Phone
5027411149
Signed
2020-11-10
Discuss with paid preparer
Yes

Preparer

Firm
Mcm Cpas & Advisors Llp
Address
462 S FOURTH ST SUITE 2600, LOUISVILLE, KY 40202-3445
Preparer
Diane J Kilner CPA
Phone
5027491900
Supplemental Narrative

Additional Explanations

Form 990-ez, Part I, Line 16 - Other Expenses

“Description: books. Amount: 9,277.”

Raw XML Appendix135 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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IRS990EZ/BooksInCareOfDetail/USAddress/CityNm0LOUISVILLE
IRS990EZ/BooksInCareOfDetail/USAddress/StateAbbreviationCd0KY
IRS990EZ/BooksInCareOfDetail/USAddress/ZIPCd040222
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IRS990EZ/PoliticalCampaignActyInd00
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IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt0THE MISSION IS TO CELEBRATE AND PROMOTE THE LOVE AND BENEFITS OF READING, WRITING AND LITERACY.
IRS990EZ/ProgramSrvcAccomplishmentGrp/GrantsAndAllocationsAmt00
IRS990EZ/ProgramSrvcAccomplishmentGrp/ProgramServiceExpensesAmt09277
IRS990EZ/ProhibitedTaxShelterTransInd00
IRS990EZ/RelatedOrganizationCtrlEntInd00
IRS990EZ/SchoolOperatingInd00
IRS990EZ/StatesWhereCopyOfReturnIsFldCd0KY
IRS990EZ/SubjectToProxyTaxInd00
IRS990EZ/SumOfTotalLiabilitiesGrp/BOYAmt00
IRS990EZ/SumOfTotalLiabilitiesGrp/EOYAmt00
IRS990EZ/TanningServicesProvidedInd00
IRS990EZ/TaxImposedOnOrganizationMgrAmt00
IRS990EZ/TaxImposedUnderIRC4911Amt00
IRS990EZ/TaxImposedUnderIRC4912Amt00
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IRS990EZ/TaxReimbursedByOrganizationAmt00
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IRS990EZ/TotalProgramServiceExpensesAmt09277
IRS990EZ/TotalRevenueAmt07500
IRS990EZ/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990EZ/TypeOfOrganizationCorpInd0X
IRS990EZ/WebsiteAddressTxt0N/A
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/CurrentTaxYearAmt07500
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/TotalAmt07500
IRS990ScheduleA/First5Years509Ind0X
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearAmt07500
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IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportTotal509Amt00
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/CurrentTaxYearAmt07500
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/TotalAmt07500
IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt00
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt07500
IRS990ScheduleA/Total509Grp/TotalAmt07500
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt07500
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt07500
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0DESCRIPTION: BOOKS. AMOUNT: 9,277.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990-EZ, PART I, LINE 16 - OTHER EXPENSES
TransferPrsnlBnftContractsDecl/DeclarationDesc0THE ORGANIZATION DID NOT, DURING THE YEAR, RECEIVE ANY FUNDS, DIRECTLY,OR INDIRECTLY, TO PAY PREMIUMS ON A PERSONAL BENEFIT CONTRACT.THE ORGANIZATION, DID NOT, DURING THE YEAR, PAY ANY PREMIUMS, DIRECTLY,OR INDIRECTLY, ON A PERSONAL BENEFIT CONTRACT.
ReturnHeader/BuildTS02021-04-22 16:20:28Z
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ReturnHeader/TaxPeriodBeginDt02019-01-01
ReturnHeader/TaxPeriodEndDt02019-12-31
ReturnHeader/TaxYr02019

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