Civic Intelligence

Fundamenta Reading Center Inc

EIN 84-2383816 • 501(c)3 • Raleigh, NC

Profile

Fundamenta Reading Center increases the reading skills, proficiency and confidence of elementary school learners, regardless of family income, enabling their future success.

809 Spring Forest Road Suite 1000Raleigh, NC 27609

fundamentareading.org

Siviq Scores

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

Liabilities / Assets

71st percentile

0.00x

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

NTEE B • <$500k nonprofits • Source year 2025

Liabilities / Revenue

72nd percentile

0.00x

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

NTEE B • <$500k nonprofits • Source year 2025

Net Margin

19th percentile

-20%

Higher net margin than 19% of similar nonprofits.

NTEE B • <$500k nonprofits • Source year 2025

Top Officer Pay

83rd percentile

$0

Higher top officer pay than 83% of similar nonprofits.

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

NTEE B92 • <$500k nonprofits • Source year 2025

Asset Growth

9th percentile

-57%

Faster asset growth than 9% of similar nonprofits.

NTEE B • <$500k nonprofits • Annualized from 2024 to 2025

Revenue Growth

35th percentile

-13%

Faster revenue growth than 35% of similar nonprofits.

NTEE B • <$500k nonprofits • Annualized from 2024 to 2025

Balance Sheet
Liabilities / Assets71st percentile

Assets

Down

$6,577

Down $10,602 (-62%) from 2023

Liabilities

Flat

$0

Flat from 2023

Net Assets

Down

$6,577

Down $10,602 (-62%) from 2023

Operations
Liabilities / Revenue72nd percentileNet Margin19th percentile

Revenue

Down

$21,649

Down $2,351 (-9.8%) from 2023

Expenses

Down

$32,251

Down $963 (-2.9%) from 2023

Net Income

Down

-$10,602

Down $1,388 (-15%) from 2023

Trend Graphs

Balance Sheet Trend

Asset Growth9th percentile

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

$30K$20K$10K$0Assets 2021: $8,911Liabilities 2021: $0Net Assets 2021: $8,9112021Assets 2022: $26,393Liabilities 2022: $0Net Assets 2022: $26,3932022Assets 2023: $17,179Liabilities 2023: $0Net Assets 2023: $17,1792023Assets 2024: $6,577Liabilities 2024: $0Net Assets 2024: $6,5772024

Highlighted filing

2024

Assets$6,577
Liabilities$0
Net Assets$6,577
Open 2024 Filing

Operations Trend

Revenue Growth35th percentile

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

$40K$20K$0-$20KRevenue 2021: $12,231Expenses 2021: $9,948Net Income 2021: $2,2832021Revenue 2022: $34,436Expenses 2022: $16,954Net Income 2022: $17,4822022Revenue 2023: $24,000Expenses 2023: $33,214Net Income 2023: -$9,2142023Revenue 2024: $21,649Expenses 2024: $32,251Net Income 2024: -$10,6022024

Highlighted filing

2024

Revenue$21,649
Expenses$32,251
Net Income-$10,602
Open 2024 Filing

Filings

Most recent year

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

Open filing
Assets
$6,577
Liabilities
$0
Net assets
$6,577
Revenue
$21,649
Expenses
$32,251
Net income
-$10,602
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$6.58$0.00$6.58$21.6$32.3$10.6
2023Detailed filing. Detailed filing data is available for this year.$17.2$0.00$17.2$24.0$33.2$9.21
2022Detailed filing. Detailed filing data is available for this year.$26.4$0.00$26.4$34.4$17.0$17.5
2021Detailed filing. Detailed filing data is available for this year.$8.91$0.00$8.91$12.2$9.95$2.28
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
May 12, 2025
Return Version
2024v5.0
Gross Receipts
$21,649
Mission and Program Overview

Mission

Fundamenta Reading Center increases the reading skills, proficiency and confidence of elementary school learners, regardless of family income, enabling their future success.

Program Services

DescriptionGrantsExpenses
Fundamenta Reading Center served elementary schools in the local area through partnerships. The organization served residents of a local group home as well as serving students on a one on one basis who need reading instruction but could not afford those services$0$32,251
Compensation and Service Providers
Top Officer Pay83rd percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Cynthia MajorsExecutive DirectorFT$20,631-$20,631
Joan WilliamsSecretary-$0--
Katina TownsendTreasurer-$0--
Filing and Contact Details

Filer

Filer Name
Fundamenta Reading Center Inc
EIN
84-2383816
Phone
9194380024
Address
809 Spring Forest Road Suite 1000, Raleigh, NC 27609

Signing Officer

Name
Katina Townsend
Title
Director
Phone
9196223332
Signed
2025-05-12
Supplemental Narrative

Additional Explanations

Form 990-EZ, Part I, Line 16

“bank fees and insurance”

Raw XML Appendix146 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.

Path#Value
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IRS990EZ/BenefitsPaidToOrForMembersAmt00
IRS990EZ/BooksInCareOfDetail/PersonNm0Katina Townsend
IRS990EZ/BooksInCareOfDetail/PhoneNum09194380024
IRS990EZ/BooksInCareOfDetail/USAddress/AddressLine1Txt0809 Spring Forest Road
IRS990EZ/BooksInCareOfDetail/USAddress/AddressLine2Txt0Suite 1000
IRS990EZ/BooksInCareOfDetail/USAddress/CityNm0Raleigh
IRS990EZ/BooksInCareOfDetail/USAddress/StateAbbreviationCd0NC
IRS990EZ/BooksInCareOfDetail/USAddress/ZIPCd027609
IRS990EZ/CashSavingsAndInvestmentsGrp/BOYAmt017179
IRS990EZ/CashSavingsAndInvestmentsGrp/EOYAmt06577
IRS990EZ/ChgMadeToOrgnzngDocNotRptInd00
IRS990EZ/ContributionsGiftsGrantsEtcAmt018842
IRS990EZ/CostOfGoodsSoldAmt00
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IRS990EZ/ExcessOrDeficitForYearAmt0-10602
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IRS990EZ/FiledScheduleAInd01
IRS990EZ/ForeignFinancialAccountInd00
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IRS990EZ/GainOrLossFromSaleOfAssetsAmt00
IRS990EZ/GamingGrossIncomeAmt00
IRS990EZ/GrantsAndSimilarAmountsPaidAmt00
IRS990EZ/GrossProfitLossSlsOfInvntryAmt00
IRS990EZ/GrossReceiptsAmt021649
IRS990EZ/GrossSalesOfInventoryAmt00
IRS990EZ/InfoInScheduleOPartIInd0X
IRS990EZ/InvestmentIncomeAmt00
IRS990EZ/LandAndBuildingsGrp/BOYAmt00
IRS990EZ/LandAndBuildingsGrp/EOYAmt00
IRS990EZ/LobbyingActivitiesInd00
IRS990EZ/MadeLoansToFromOfficersInd00
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IRS990EZ/MethodOfAccountingAccrualInd0X
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IRS990EZ/NetAssetsOrFundBalancesEOYAmt06577
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IRS990EZ/OccupancyRentUtltsAndMaintAmt07920
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IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt020631
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt10
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt20
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm0Cynthia Majors
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm1Joan Williams
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm2Katina Townsend
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt0Executive Director
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt1Secretary
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt2Treasurer
IRS990EZ/OperateHospitalInd00
IRS990EZ/Organization501c3Ind0X
IRS990EZ/OrganizationDissolvedEtcInd00
IRS990EZ/OrganizationHadUBIInd00
IRS990EZ/OtherAssetsTotalDetail/BOYAmt00
IRS990EZ/OtherAssetsTotalDetail/EOYAmt00
IRS990EZ/OtherChangesInNetAssetsAmt00
IRS990EZ/OtherExpensesTotalAmt01157
IRS990EZ/OtherRevenueTotalAmt00
IRS990EZ/PartVIHghstPdCntrctProfSrvcTxt0NONE
IRS990EZ/PartVIOfCompOfHghstPdEmplTxt0NONE
IRS990EZ/PoliticalCampaignActyInd00
IRS990EZ/PrimaryExemptPurposeTxt0Fundamenta Reading Center increases the reading skills, proficiency and confidence of elementary school learners, regardless of family income, enabling their future success.
IRS990EZ/PrintingPublicationsPostageAmt02143
IRS990EZ/ProgramServiceRevenueAmt02807
IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt0Fundamenta Reading Center served elementary schools in the local area through partnerships. The organization served residents of a local group home as well as serving students on a one on one basis who need reading instruction but could not afford those services
IRS990EZ/ProgramSrvcAccomplishmentGrp/GrantsAndAllocationsAmt00
IRS990EZ/ProgramSrvcAccomplishmentGrp/ProgramServiceExpensesAmt032251
IRS990EZ/ProhibitedTaxShelterTransInd00
IRS990EZ/RelatedOrganizationCtrlEntInd00
IRS990EZ/SalariesOtherCompEmplBnftAmt020631
IRS990EZ/SaleOfAssetsGrossAmt00
IRS990EZ/ScheduleBNotRequiredInd0X
IRS990EZ/SchoolOperatingInd00
IRS990EZ/SpecialEventsDirectExpensesAmt00
IRS990EZ/SpecialEventsNetIncomeLossAmt00
IRS990EZ/SubjectToProxyTaxInd00
IRS990EZ/SumOfTotalLiabilitiesGrp/BOYAmt00
IRS990EZ/SumOfTotalLiabilitiesGrp/EOYAmt00
IRS990EZ/TanningServicesProvidedInd00
IRS990EZ/TaxImposedOnOrganizationMgrAmt00
IRS990EZ/TaxImposedUnderIRC4911Amt00
IRS990EZ/TaxImposedUnderIRC4912Amt00
IRS990EZ/TaxImposedUnderIRC4955Amt00
IRS990EZ/TaxReimbursedByOrganizationAmt00
IRS990EZ/TotalExpensesAmt032251
IRS990EZ/TotalProgramServiceExpensesAmt032251
IRS990EZ/TotalRevenueAmt021649
IRS990EZ/TransactionWithControlEntInd00
IRS990EZ/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990EZ/TypeOfOrganizationCorpInd0X
IRS990EZ/WebsiteAddressTxt0https://fundamentareading.org/
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearAmt021649
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus1YearAmt024000
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus2YearsAmt034436
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus3YearsAmt012231
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus4YearsAmt010350
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt0102666
IRS990ScheduleA/InvestmentIncomeCYPct00
IRS990ScheduleA/InvestmentIncomePYPct00
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct01
IRS990ScheduleA/PublicSupportPY509Pct01
IRS990ScheduleA/PublicSupportTotal509Amt0102666
IRS990ScheduleA/ThirtyThrPctSuprtTestsPY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt021649
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt024000
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt034436
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt012231
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt010350
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IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt024000
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IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt012231
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt010350
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt0102666
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0bank fees and insurance
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990-EZ, Part I, Line 16
ReturnHeader/BuildTS02025-03-06 01:10:19Z
ReturnHeader/BusinessOfficerGrp/PersonNm0Katina Townsend
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0Director
ReturnHeader/BusinessOfficerGrp/PhoneNum09196223332
ReturnHeader/BusinessOfficerGrp/SignatureDt02025-05-12
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ReturnHeader/Filer/BusinessNameControlTxt0FUND
ReturnHeader/Filer/EIN0842383816
ReturnHeader/Filer/PhoneNum09194380024
ReturnHeader/Filer/USAddress/AddressLine1Txt0809 Spring Forest Road Suite 1000
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ReturnHeader/Filer/USAddress/StateAbbreviationCd0NC
ReturnHeader/Filer/USAddress/ZIPCd027609
ReturnHeader/IRSResponsiblePrtyInfoCurrInd01
ReturnHeader/ReturnTs02025-05-12T23:06:34-07:00
ReturnHeader/ReturnTypeCd0990EZ
ReturnHeader/TaxPeriodBeginDt02024-01-01
ReturnHeader/TaxPeriodEndDt02024-12-31
ReturnHeader/TaxYr02024

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