Civic Intelligence

Loudreaders Inc

EIN 88-4125732 • 501(c)3 • Ames, IA

Profile

Educational

321 Main StreetAmes, IA 50010

loudreaders.com

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 2024

Liabilities / Revenue

62nd percentile

0.00x

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

501(c)3 • <$500k nonprofits • Source year 2024

Net Margin

88th percentile

44%

Higher net margin than 88% of similar nonprofits.

501(c)3 • <$500k nonprofits • Source year 2024

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 2024

Asset Growth

79th percentile

27%

Faster asset growth than 79% of similar nonprofits.

501(c)3 • <$500k nonprofits • Annualized from 2023 to 2024

Revenue Growth

11th percentile

-73%

Faster revenue growth than 11% of similar nonprofits.

501(c)3 • <$500k nonprofits • Annualized from 2023 to 2024

Balance Sheet
Liabilities / Assets60th percentile

Assets

Up

$128,673

Up $26,980 (+27%) from 2023

Liabilities

Flat

$0

Flat from 2023

Net Assets

Up

$128,673

Up $26,980 (+27%) from 2023

Operations
Liabilities / Revenue62nd percentileNet Margin88th percentile

Revenue

Down

$61,324

Down $168,760 (-73%) from 2023

Expenses

Down

$34,344

Down $104,658 (-75%) from 2023

Net Income

Down

$26,980

Down $64,102 (-70%) from 2023

Trend Graphs

Balance Sheet Trend

Asset Growth79th percentile

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

$150K$100K$50K$0Assets 2023: $101,693Liabilities 2023: $0Net Assets 2023: $101,6932023Assets 2024: $128,673Liabilities 2024: $0Net Assets 2024: $128,6732024

Highlighted filing

2024

Assets$128,673
Liabilities$0
Net Assets$128,673
Open 2024 Filing

Operations Trend

Revenue Growth11th percentile

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

$300K$200K$100K$0Revenue 2023: $230,084Expenses 2023: $139,002Net Income 2023: $91,0822023Revenue 2024: $61,324Expenses 2024: $34,344Net Income 2024: $26,9802024

Highlighted filing

2024

Revenue$61,324
Expenses$34,344
Net Income$26,980
Open 2024 Filing

Filings

Most recent year

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

Open filing
Assets
$128,673
Liabilities
$0
Net assets
$128,673
Revenue
$61,324
Expenses
$34,344
Net income
$26,980
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$1.29$0.00$1.29$0.61$0.34$0.27
2023Detailed filing. Detailed filing data is available for this year.$1.02$0.00$1.02$2.30$1.39$0.91
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
May 9, 2025
Return Version
2024v5.1
Gross Receipts
$61,324
Mission and Program Overview

Mission

Educational

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$101,693$128,673▲ $26,980
Total Assets$101,693$128,673▲ $26,980
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$101,693$128,673▲ $26,980
Total Net Assets Fund Balance$101,693$128,673▲ $26,980
Total Liabilities and Net Assets / Fund Balance$101,693$128,673▲ $26,980
Compensation and Service Providers
Top Officer Pay81st percentile

Board Members and Trustees

NameTitle
Cruz Edgardo Garcia SantiagoFounder
Revenue and Support

Revenue Composition

Contributions and Grants
$61,312
Program Service Revenue
$0
Investment Income
$12
Other Revenue
$0
All Other Contributions
$61,312
Change in Net Assets
$26,980
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$34,344
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Fees for Services Management$10,662--$10,662
Information Technology$8,089--$8,089
Travel$6,560--$6,560
Other Expenses$3,407$1,264-$3,407
Office Expenses-$790-$790
Total Functional Expenses$32,290$2,054$0$34,344
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
No
Backup withholding compliance
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
No
Other officer compensation reviewed
No
Conflict-of-interest policy
No
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990 governing body review Part VI line 11

“Form 990 was reviewed and approved by the governing body before submission.”

Governing documents etc available to public Part VI line 19

“Governing documents are available upon written request.”

Filing and Contact Details

Filer

Filer Name
Loudreaders Inc
EIN
88-4125732
In Care Of
% Cruz Edgardo Garcia Santiago
Phone
4024406664
Address
321 Main Street, Ames, IA 50010
Doing Business As
Loudreaders Inc

Signing Officer

Name
Cruz Edgardo Garcia Santiago
Title
Founder
Phone
4024406664
Signed
2025-05-09
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Cruz Edgardo Garcia Santiago
Formed
2022
Legal Domicile
Ia
Voting Board Members
1
Independent Board Members
0
Employees
0

Preparer

Firm
Cory W Johnson CPA LLC
Address
6901 Saint Ambrose Way, Landover, MD 20785
Preparer
Cory W Johnson CPA
Phone
2024705285
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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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