Civic Intelligence

Read Foundation USA

990EZ • Fiscal year 2022 • EIN 87-2455442

Jan 01, 2022 to Dec 31, 2022 • Filed on Jun 20, 2023

Organization Profile
1158 Cloverdale DriveLake Orion, MI 48359

(248) 901-7042

Siviq Scores

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

Liabilities / Assets

60th percentile

0.00x

Higher debt load relative to assets than 60% of similar nonprofits.

2022 filings • 501(c)3 • <$500k nonprofits • Source year 2022

Liabilities / Revenue

60th percentile

0.00x

Higher debt load relative to revenue than 60% of similar nonprofits.

2022 filings • 501(c)3 • <$500k nonprofits • Source year 2022

Net Margin

98th percentile

97%

Higher net margin than 98% of similar nonprofits.

2022 filings • 501(c)3 • <$500k nonprofits • Source year 2022

Top Officer Pay

78th percentile

$0

Higher top officer pay than 78% of similar nonprofits.

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

2022 filings • 501(c)3 • <$500k nonprofits • Source year 2022

Asset Growth

100th percentile

6878200%

Faster asset growth than 100% of similar nonprofits.

2022 filings • 501(c)3 • <$500k nonprofits • Annualized from 2021 to 2022

Revenue Growth

Score unavailable

No value available

A valid growth rate could not be computed from the available filing history.

Annualized from 2021 to 2022

Balance Sheet
Liabilities / Assets60th percentile

Assets

Up

$68,783

Up $68,783 from 2021

Net Assets

Up

$68,693

Up $68,693 from 2021

Liabilities

Up

$90

Up $90 from 2021

Revenue And Expenses
Liabilities / Revenue60th percentileNet Margin98th percentile

Revenue

Up

$70,597

Up $70,597 from 2021

Expenses

Up

$1,904

Up $1,904 from 2021

Net Income

Up

$68,693

Up $68,693 from 2021

Historical Trend

Balance Sheet Trend

Asset Growth100th percentile

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

$200K$150K$100K$50K$0Assets 2021: $0Liabilities 2021: $0Net Assets 2021: $02021Assets 2022: $68,783Liabilities 2022: $90Net Assets 2022: $68,6932022Assets 2023: $148,425Liabilities 2023: $6,552Net Assets 2023: $141,8732023Assets 2024: $160,594Liabilities 2024: $91,352Net Assets 2024: $69,2422024

Highlighted filing

2022

Assets$68,783
Liabilities$90
Net Assets$68,693
Open 2022 Filing

Operations Trend

Revenue GrowthScore unavailable

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

$1.0M$500K$0-$500KRevenue 2021: $0Expenses 2021: $0Net Income 2021: $02021Revenue 2022: $70,597Expenses 2022: $1,904Net Income 2022: $68,6932022Revenue 2023: $451,802Expenses 2023: $378,622Net Income 2023: $73,1802023Revenue 2024: $690,089Expenses 2024: $762,720Net Income 2024: -$72,6312024

Highlighted filing

2022

Revenue$70,597
Expenses$1,904
Net Income$68,693
Open 2022 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2022 to Dec 31, 2022
Signed
Jun 20, 2023
Return Version
2022v5.0
Gross Receipts
$70,597
Mission and Program Overview

Mission

See attached statement

Program Services

DescriptionGrantsExpenses
NONE--
Compensation and Service Providers
Top Officer Pay78th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
JAHANGEER AKHTARDirector And Chair Of The Board-$0--
ASIF ANSARIDirector And Treasurer-$0--
HINA IBADATDirector And Secretary-$0--
DUNIA HAMOUDirector-$0--
Filing and Contact Details

Filer

Filer Name
Read Foundation USA
EIN
87-2455442
Address
1158 CLOVERDALE DRIVE, Lake Orion, MI 48359

Signing Officer

Name
Hina Ibadat
Title
Secretary
Phone
2489017042
Signed
2023-06-20
Discuss with paid preparer
No

Preparer

Firm
Jones Consulting Services LLC
Address
7809 Creek Ridge Drive, Brownsburg, IN 46112
Preparer
Justin W Jones Ea
Phone
3178695673
Supplemental Narrative

Additional Explanations

General explanation attachment

“The Organizations primary exempt purpose is to provide basic necessities of life including food, clean water, clothing, education and shelter to individuals and families in need.”

Description of other revenue Part I line 8

“Description AmountRounding 1”

Description of other expenses Part I line 16

“Description AmountBank Charges 403Payment Processing 1,194Advertising 307”

Description of total liabilities Part II line 26

“Category Beginning of Year End of YearCredit Card Liability 0 90”

Activity not previously reported to the IRS Part V line 33

“The Organization may provide grants for the building of schools to provide educational opportunities for youth.”

Raw XML Appendix143 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
IRS990EZ/ActivitiesNotPreviouslyRptInd0true
IRS990EZ/BooksInCareOfDetail/PersonNm0HINA IBADAT
IRS990EZ/BooksInCareOfDetail/PhoneNum02489017042
IRS990EZ/BooksInCareOfDetail/USAddress/AddressLine1Txt01158 CLOVERDALE DRIVE
IRS990EZ/BooksInCareOfDetail/USAddress/CityNm0Lake Orion
IRS990EZ/BooksInCareOfDetail/USAddress/StateAbbreviationCd0MI
IRS990EZ/BooksInCareOfDetail/USAddress/ZIPCd048359
IRS990EZ/CashSavingsAndInvestmentsGrp/BOYAmt00
IRS990EZ/CashSavingsAndInvestmentsGrp/EOYAmt068783
IRS990EZ/ChgMadeToOrgnzngDocNotRptInd0false
IRS990EZ/ContributionsGiftsGrantsEtcAmt070596
IRS990EZ/DonorAdvisedFndsInd0false
IRS990EZ/EngagedInExcessBenefitTransInd0false
IRS990EZ/ExcessOrDeficitForYearAmt068693
IRS990EZ/FiledScheduleAInd0true
IRS990EZ/ForeignFinancialAccountInd0false
IRS990EZ/ForeignOfficeInd0false
IRS990EZ/Form1120PolFiledInd0false
IRS990EZ/Form990TotalAssetsGrp/BOYAmt00
IRS990EZ/Form990TotalAssetsGrp/EOYAmt068783
IRS990EZ/GrossReceiptsAmt070597
IRS990EZ/InfoInScheduleOPartIIInd0X
IRS990EZ/InfoInScheduleOPartIInd0X
IRS990EZ/InfoInScheduleOPartVInd0X
IRS990EZ/LandAndBuildingsGrp/BOYAmt00
IRS990EZ/LandAndBuildingsGrp/EOYAmt00
IRS990EZ/LobbyingActivitiesInd0false
IRS990EZ/MadeLoansToFromOfficersInd0false
IRS990EZ/MethodOfAccountingCashInd0X
IRS990EZ/NetAssetsOrFundBalancesEOYAmt068693
IRS990EZ/NetAssetsOrFundBalancesGrp/BOYAmt00
IRS990EZ/NetAssetsOrFundBalancesGrp/EOYAmt068693
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt00.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt10.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt20.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt30.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt10
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt20
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt30
IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt10
IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt20
IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt30
IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt10
IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt20
IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt30
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm0JAHANGEER AKHTAR
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm1ASIF ANSARI
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm2HINA IBADAT
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm3DUNIA HAMOU
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt0DIRECTOR AND CHAIR OF THE BOARD
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt1DIRECTOR AND TREASURER
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt2DIRECTOR AND SECRETARY
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt3DIRECTOR
IRS990EZ/OperateHospitalInd0false
IRS990EZ/Organization501c3Ind0X
IRS990EZ/OrganizationDissolvedEtcInd0false
IRS990EZ/OrganizationHadUBIInd0false
IRS990EZ/OtherAssetsTotalDetail/BOYAmt00
IRS990EZ/OtherAssetsTotalDetail/EOYAmt00
IRS990EZ/OtherExpensesTotalAmt01904
IRS990EZ/OtherRevenueTotalAmt01
IRS990EZ/PartVIHghstPdCntrctProfSrvcTxt0NONE
IRS990EZ/PartVIOfCompOfHghstPdEmplTxt0NONE
IRS990EZ/PoliticalCampaignActyInd0false
IRS990EZ/PrimaryExemptPurposeTxt0See attached statement
IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt0NONE
IRS990EZ/ProhibitedTaxShelterTransInd0false
IRS990EZ/RelatedOrganizationCtrlEntInd0false
IRS990EZ/ScheduleBNotRequiredInd0X
IRS990EZ/SchoolOperatingInd0false
IRS990EZ/SubjectToProxyTaxInd0false
IRS990EZ/SumOfTotalLiabilitiesGrp/BOYAmt00
IRS990EZ/SumOfTotalLiabilitiesGrp/EOYAmt090
IRS990EZ/TanningServicesProvidedInd0false
IRS990EZ/TotalExpensesAmt01904
IRS990EZ/TotalProgramServiceExpensesAmt00
IRS990EZ/TotalRevenueAmt070597
IRS990EZ/TransactionWithControlEntInd0false
IRS990EZ/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990EZ/TypeOfOrganizationCorpInd0X
IRS990ScheduleA/First5Years170Ind0X
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt070596
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt070596
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportTotal170Amt047008
IRS990ScheduleA/SubstantialContributorsTotAmt023588
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt070596
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt070596
IRS990ScheduleA/TotalSupportAmt070596
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/ExplanationTxt0The Organizations primary exempt purpose is to provide basic necessities of life including food, clean water, clothing, education and shelter to individuals and families in need.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1Description AmountRounding 1
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2Description AmountBank Charges 403Payment Processing 1,194Advertising 307
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3Category Beginning of Year End of YearCredit Card Liability 0 90
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4The Organization may provide grants for the building of schools to provide educational opportunities for youth.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0General explanation attachment
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Description of other revenue Part I line 8
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Description of other expenses Part I line 16
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Description of total liabilities Part II line 26
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Activity not previously reported to the IRS Part V line 33
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/AuthenticationAssuranceLevelCd0AAL2
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/IdentityAssuranceLevelCd0IAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/OOBSecurityVerificationCd000
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/TrustedCustomerCd00
ReturnHeader/BuildTS02023-04-26 12:10:37Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0false
ReturnHeader/BusinessOfficerGrp/PersonNm0HINA IBADAT
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0SECRETARY
ReturnHeader/BusinessOfficerGrp/PhoneNum02489017042
ReturnHeader/BusinessOfficerGrp/SignatureDt02023-06-20
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0READ FOUNDATION USA
ReturnHeader/Filer/BusinessNameControlTxt0READ
ReturnHeader/Filer/EIN0872455442
ReturnHeader/Filer/USAddress/AddressLine1Txt01158 CLOVERDALE DRIVE
ReturnHeader/Filer/USAddress/CityNm0Lake Orion
ReturnHeader/Filer/USAddress/StateAbbreviationCd0MI
ReturnHeader/Filer/USAddress/ZIPCd048359
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0832979465
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0Jones Consulting Services LLC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt07809 Creek Ridge Drive
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0Brownsburg
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0IN
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd046112
ReturnHeader/PreparerPersonGrp/PhoneNum03178695673
ReturnHeader/PreparerPersonGrp/PreparationDt02023-10-06
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0JUSTIN W JONES EA
ReturnHeader/ReturnTs02023-10-06T09:55:44-04:00
ReturnHeader/ReturnTypeCd0990EZ
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0HINA
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0IBADAT
ReturnHeader/TaxPeriodBeginDt02022-01-01
ReturnHeader/TaxPeriodEndDt02022-12-31
ReturnHeader/TaxYr02022

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2022 • Form 990EZDetailed filing. Detailed filing data is available for this year.

Open filing
Assets
$68,783
Liabilities
$90
Net assets
$68,693
Revenue
$70,597
Expenses
$1,904
Net income
$68,693
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.61$0.91$0.69$6.90$7.63$0.73
2023Detailed filing. Detailed filing data is available for this year.$1.48$0.07$1.42$4.52$3.79$0.73
2022Detailed filing. Detailed filing data is available for this year.$0.69$0.00$0.69$0.71$0.02$0.69
2021Detailed filing. Detailed filing data is available for this year.$0.00$0.00$0.00$0.00$0.00$0.00