Civic Intelligence

We Shall Read

990 • Fiscal year 2023 • EIN 86-1665696

Jan 01, 2023 to Dec 31, 2023 • Filed on Jul 31, 2024

Organization Profilewww.weshallread.org
PO Box 785Farmington, MI 48332

(313) 590-6238

Siviq Scores

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

Liabilities / Assets

63rd percentile

0.04x

Higher debt load relative to assets than 63% of similar nonprofits.

2023 filings • NTEE B • $500k-$1M nonprofits • Source year 2023

Liabilities / Revenue

59th percentile

0.03x

Higher debt load relative to revenue than 59% of similar nonprofits.

2023 filings • NTEE B • $500k-$1M nonprofits • Source year 2023

Net Margin

79th percentile

28%

Higher net margin than 79% of similar nonprofits.

2023 filings • NTEE B • $500k-$1M nonprofits • Source year 2023

Top Officer Pay

56th percentile

$0

Higher top officer pay than 56% of similar nonprofits.

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

2023 filings • NTEE B • $500k-$1M nonprofits • Source year 2023

Asset Growth

89th percentile

65%

Faster asset growth than 89% of similar nonprofits.

2023 filings • NTEE B • $500k-$1M nonprofits • Annualized from 2022 to 2023

Revenue Growth

88th percentile

91%

Faster revenue growth than 88% of similar nonprofits.

2023 filings • NTEE B • $500k-$1M nonprofits • Annualized from 2022 to 2023

Balance Sheet
Liabilities / Assets63rd percentile

Assets

Up

$377,421

Up $149,148 (+65%) from 2022

Net Assets

Up

$360,662

Up $158,320 (+78%) from 2022

Liabilities

Down

$16,759

Down $9,172 (-35%) from 2022

Revenue And Expenses
Liabilities / Revenue59th percentileNet Margin79th percentile

Revenue

Up

$543,873

Up $259,180 (+91%) from 2022

Expenses

Up

$389,928

Up $217,428 (+126%) from 2022

Net Income

Up

$153,945

Up $41,752 (+37%) from 2022

Historical Trend

Balance Sheet Trend

Asset Growth89th percentile

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

$600K$400K$200K$0Assets 2021: $91,183Liabilities 2021: $0Net Assets 2021: $91,1832021Assets 2022: $228,273Liabilities 2022: $25,931Net Assets 2022: $202,3422022Assets 2023: $377,421Liabilities 2023: $16,759Net Assets 2023: $360,6622023Assets 2024: $422,850Liabilities 2024: $6,058Net Assets 2024: $416,7922024

Highlighted filing

2023

Assets$377,421
Liabilities$16,759
Net Assets$360,662
Open 2023 Filing

Operations Trend

Revenue Growth88th percentile

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

$600K$400K$200K$0Revenue 2021: $164,792Expenses 2021: $73,609Net Income 2021: $91,1832021Revenue 2022: $284,693Expenses 2022: $172,500Net Income 2022: $112,1932022Revenue 2023: $543,873Expenses 2023: $389,928Net Income 2023: $153,9452023Revenue 2024: $407,953Expenses 2024: $351,823Net Income 2024: $56,1302024

Highlighted filing

2023

Revenue$543,873
Expenses$389,928
Net Income$153,945
Open 2023 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2023 to Dec 31, 2023
Signed
Jul 31, 2024
Return Version
2023v5.1
Gross Receipts
$543,873
Mission and Program Overview

Mission

Teaching the fundamentals of reading to individuals.

To train and mentor teachers, tutors, and parents in brain friendly instructional strategies that improve childrens reading, spelling, and writing regardless of their age, ability, or background.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$217,088$290,703▲ $73,615
Savings and Temporary Cash Investments-$75,000-
Accounts Receivable$9,110$7,840▼ $1,270
Prepaid Expenses and Deferred Charges-$2,333-
Land, Buildings, and Equipment, Net$2,075$1,545▼ $530
Total Assets$228,273$377,421▲ $149,148
Liabilities
Deferred Revenue$25,000--
Accounts Payable and Accrued Expenses$931$16,759▲ $15,828
Total Liabilities$25,931$16,759▼ $9,172
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$202,342$330,662▲ $128,320
Net Assets With Donor Restrictions-$30,000-
Total Net Assets Fund Balance$202,342$360,662▲ $158,320
Total Liabilities and Net Assets / Fund Balance$228,273$377,421▲ $149,148

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$1,545$1,104$2,649
Compensation and Service Providers
Top Officer Pay56th percentile

Board Members and Trustees

NameTitle
Lauren StevensonBoard Chair
Ebony MatthewsDirector
Farah JalloulDirector
Jennifer ArnoldDirector
Lisa WolfingerDirector
Kristin DwyerExecutive Director
Nicole St LaurentSecretary
Rychee VetorTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$456,608
Program Service Revenue
$87,265
Investment Income
$0
Other Revenue
$0
All Other Contributions
$456,608
Change in Net Assets
$153,945

Audited Revenue Reconciliation

Revenue per Audited Statements
$543,873
Total Revenue per Audited Statements
$543,873
Total Revenue per Form 990
$543,873
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$229,152
Other Expenses$158,476
Total Fundraising Expense$15,396
Grants and Similar Amounts Paid$2,300
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Current Officers, Directors, Trustees, and Key Employees$133,144$94,155$1,853$229,152
Fees for Services Legal$12,306$41,861$12,050$66,217
Fees for Services Other$43,886$9,812-$53,698
Office Expenses$3,714$14,608$1,464$19,786
Travel$6,262$1,214$29$7,505
Conferences and Meetings$219$3,444-$3,663
Occupancy-$3,000-$3,000
Grants to Domestic Individuals$2,300--$2,300
Insurance-$2,223-$2,223
Advertising$35$1,799-$1,834
Depreciation Depletion-$530-$530
Other Expenses-$20-$20
Total Functional Expenses$201,866$172,666$15,396$389,928

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$389,928
Total Expenses per Audited Statements$389,928
Total Expenses per Form 990$389,928
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
Yes
Annual disclosure for covered persons
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

Committee meeting documentation Part VI line 8B

“There are no committees with the authority to act on behalf of the governing board.”

Form 990 governing body review Part VI line 11

“A full copy of the form 990 is provided to the board ptior to filing with the Internal Revenue Service.”

Conflict of interest policy compliance Part VI line 12C

“Form 990, Part VI, Section B, Line 12c - In connection with any actual or possible conflict of interest, an interested person must disclose the existence of a possible conflict of interest and/or financial interest and be given the opportunity to disclose all material facts to the directors and members of committees with governing board delegated powers considering the proposed transaction or arrangement. After disclosure of the financial interest and all material facts, and after any discussion with the interested person, he/she shall leave the governing board or committee meeting while the determination of a conflict of interest is discussed and voted upon. The remaining board or committee members shall decide if a conflict of interest exists and take corrective action if necessary.”

CEO executive director top management comp Part VI line 15A

“The executive director compensation review process was conducted by the board based on achievement across departmental areas, key objectives and overall leadership. Compensation was reviewed and external data searches for comparison were discussed. The board votes on the compensation for the executive director. The organization does not compensate any other officers or key employees.”

Governing documents etc available to public Part VI line 19

“The organization makes its governing documents and financial statements available upon request.”

Filing and Contact Details

Filer

Filer Name
We Shall Read
EIN
86-1665696
Address
PO Box 785, Farmington, MI 48332

Signing Officer

Name
Lauren Stevenson
Title
Board Chair
Phone
7348129136
Signed
2024-07-31
Discuss with paid preparer
No

Organization Details

Formed
2021
Legal Domicile
Mi
Voting Board Members
8
Independent Board Members
8
Employees
0
Volunteers
8

Preparer

Firm
Major CPA Tax & Accounting Services
Address
17515 W Nine Mile Rd 515, Southfield, MI 48075-3429
Preparer
Renaldo J Major CPA
Phone
2486212080
Supplemental Narrative

Additional Explanations

Explanation of other changes in net assets or fund balances Part XI line 9

“Opening Balance Adjustment per 2023 Audited Financial Statements.”

List of other fees for services expenses Part IX line 11G

“This balances relates to expeses paid for educationsal trainers, mentor services, health & wellness services, and staff development services.”

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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/Desc0We Shall Read (WSR) is dedicated to training and mentoring educators, tutors, non-profit teams, and parents in brain-friendly instructional strategies aimed at enhancing childrens reading, spelling, and writing skills, irrespective of age, grade, ability, or background. WSRs vision is to achieve a 95% or higher proficiency in grade-level reading among children. In 2023, WSR awarded $107,100 in scholarships to MentorMe! participants and certified 38 new BFR Reading Interventionists. Over 260 teachers have been equipped with BFR strategies, benefiting more than 4,000 students annually. With over 7,380 hours of professional development provided, including 2,000+ hours of personalized mentoring, WSR bridges the gap from theory to practice. WSRs commitment is evident in allocating 89% of revenue towards program implementation and long-term support, ensuring sustained growth and impact. WSR hosted four in-person 30-hour MentorMe! programs with a total of 85 participants and saw 37 trainees become certified professional BFR Reading Interventionists. WSR hosted 44 Monday Night Group Coaching Calls averaging 25 attendees each, and created 18 new Tools in 10! videos for professional development, which are shared globally via their YouTube channel.
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IRS990ScheduleD/RevenueSubtotalAmt0543873
IRS990ScheduleD/TotalBookValueLandBuildingsAmt01545
IRS990ScheduleD/TotalExpensesPerForm990Amt0389928
IRS990ScheduleD/TotalRevenuePerForm990Amt0543873
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0There are no committees with the authority to act on behalf of the governing board.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1A full copy of the form 990 is provided to the board ptior to filing with the Internal Revenue Service.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2Form 990, Part VI, Section B, Line 12c - In connection with any actual or possible conflict of interest, an interested person must disclose the existence of a possible conflict of interest and/or financial interest and be given the opportunity to disclose all material facts to the directors and members of committees with governing board delegated powers considering the proposed transaction or arrangement. After disclosure of the financial interest and all material facts, and after any discussion with the interested person, he/she shall leave the governing board or committee meeting while the determination of a conflict of interest is discussed and voted upon. The remaining board or committee members shall decide if a conflict of interest exists and take corrective action if necessary.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3The executive director compensation review process was conducted by the board based on achievement across departmental areas, key objectives and overall leadership. Compensation was reviewed and external data searches for comparison were discussed. The board votes on the compensation for the executive director. The organization does not compensate any other officers or key employees.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4The organization makes its governing documents and financial statements available upon request.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5Opening Balance Adjustment per 2023 Audited Financial Statements.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6This balances relates to expeses paid for educationsal trainers, mentor services, health & wellness services, and staff development services.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Committee meeting documentation Part VI line 8b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990 governing body review Part VI line 11
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Conflict of interest policy compliance Part VI line 12c
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3CEO executive director top management comp Part VI line 15a
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Governing documents etc available to public Part VI line 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5Explanation of other changes in net assets or fund balances Part XI line 9
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6List of other fees for services expenses Part IX line 11g
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IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt015396
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0172666
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0201866
IRS990/TotalFunctionalExpensesGrp/TotalAmt0389928
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt025931
IRS990/TotalLiabilitiesEOYAmt016759
IRS990/TotalLiabilitiesGrp/BOYAmt025931
IRS990/TotalLiabilitiesGrp/EOYAmt016759
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0202342
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0360662
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt0201866
IRS990/TotalProgramServiceRevenueAmt087265
IRS990/TotalReportableCompFromOrgAmt00
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IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt087265
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0543873
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
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IRS990/TravelGrp/ProgramServicesAmt06262
IRS990/TravelGrp/TotalAmt07505
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IRS990/TypeOfOrganizationCorpInd0X
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IRS990/UponRequestInd0X
IRS990/VotingMembersGoverningBodyCnt08
IRS990/VotingMembersIndependentCnt08
IRS990/WebsiteAddressTxt0www.weshallread.org
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02024-08-08 14:25:15Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0false
ReturnHeader/BusinessOfficerGrp/PersonNm0Lauren Stevenson
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0Board Chair
ReturnHeader/BusinessOfficerGrp/PhoneNum07348129136
ReturnHeader/BusinessOfficerGrp/SignatureDt02024-07-31
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0We Shall Read
ReturnHeader/Filer/BusinessNameControlTxt0WESH
ReturnHeader/Filer/EIN0861665696
ReturnHeader/Filer/USAddress/AddressLine1Txt0PO Box 785
ReturnHeader/Filer/USAddress/CityNm0Farmington
ReturnHeader/Filer/USAddress/StateAbbreviationCd0MI
ReturnHeader/Filer/USAddress/ZIPCd048332
ReturnHeader/IRSResponsiblePrtyInfoCurrInd0true
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0454439291
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0Major CPA Tax & Accounting Services
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt017515 W Nine Mile Rd 515
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0Southfield
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0MI
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd0480753429
ReturnHeader/PreparerPersonGrp/PhoneNum02486212080
ReturnHeader/PreparerPersonGrp/PreparationDt02024-08-15
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0Renaldo J Major CPA
ReturnHeader/ReturnTs02024-08-15T11:42:37-04:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02023-01-01
ReturnHeader/TaxPeriodEndDt02023-12-31
ReturnHeader/TaxYr02023

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2023 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$377,421
Liabilities
$16,759
Net assets
$360,662
Revenue
$543,873
Expenses
$389,928
Net income
$153,945
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$4.23$0.06$4.17$4.08$3.52$0.56
2023Detailed filing. Detailed filing data is available for this year.$3.77$0.17$3.61$5.44$3.90$1.54
2022Detailed filing. Detailed filing data is available for this year.$2.28$0.26$2.02$2.85$1.73$1.12
2021Detailed filing. Detailed filing data is available for this year.$0.91$0.00$0.91$1.65$0.74$0.91