Civic Intelligence

Readiness to Learn

990 • Fiscal year 2016 • EIN 91-1864751

Jul 01, 2015 to Jun 30, 2016 • Filed on Nov 10, 2016

PO Box 280Langley, WA 98260

(360) 321-0980

Siviq Scores

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

Liabilities / Assets

84th percentile

0.24x

Higher debt load relative to assets than 84% of similar nonprofits.

2016 filings • 501(c)3 • <$500k nonprofits • Source year 2016

Liabilities / Revenue

77th percentile

0.05x

Higher debt load relative to revenue than 77% of similar nonprofits.

2016 filings • 501(c)3 • <$500k nonprofits • Source year 2016

Net Margin

72nd percentile

15%

Higher net margin than 72% of similar nonprofits.

2016 filings • 501(c)3 • <$500k nonprofits • Source year 2016

Top Officer Pay

75th percentile

$0

Higher top officer pay than 75% of similar nonprofits.

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

2016 filings • 501(c)3 • <$500k nonprofits • Source year 2016

Asset Growth

97th percentile

401%

Faster asset growth than 97% of similar nonprofits.

2016 filings • 501(c)3 • <$500k nonprofits • Annualized from 2015 to 2016

Revenue Growth

36th percentile

-8.6%

Faster revenue growth than 36% of similar nonprofits.

2016 filings • 501(c)3 • <$500k nonprofits • Annualized from 2015 to 2016

Assets

Flat

$52,034

Flat from 2016

Net Assets

Flat

$39,451

Flat from 2016

Liabilities

Flat

$12,583

Flat from 2016

Revenue

Flat

$232,330

Flat from 2016

Expenses

Flat

$196,430

Flat from 2016

Net Income

Flat

$35,900

Flat from 2016

Historical Trend

Balance Sheet Trend

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

$300K$200K$100K$0-$100KAssets 2011: $9,166Liabilities 2011: $12,497Net Assets 2011: -$3,3312011Assets 2012: $46,832Liabilities 2012: $1,271Net Assets 2012: $45,5612012Assets 2013: $16,898Liabilities 2013: $5,897Net Assets 2013: $11,0012013Assets 2014: $8,081Liabilities 2014: $16,181Net Assets 2014: -$8,1002014Assets 2015: $10,390Liabilities 2015: $6,839Net Assets 2015: $3,5512015Assets 2016: $52,034Liabilities 2016: $12,583Net Assets 2016: $39,4512016Assets 2016: $52,034Liabilities 2016: $12,583Net Assets 2016: $39,4512016Assets 2017: $30,957Liabilities 2017: $4,373Net Assets 2017: $26,5842017Assets 2018: $75,839Liabilities 2018: $1,983Net Assets 2018: $73,8562018Assets 2019: $106,068Liabilities 2019: $8,184Net Assets 2019: $97,8842019Assets 2020: $168,395Liabilities 2020: $6,607Net Assets 2020: $161,7882020Assets 2021: $178,642Liabilities 2021: $34,682Net Assets 2021: $143,9602021Assets 2022: $191,161Liabilities 2022: $31,553Net Assets 2022: $159,6082022Assets 2023: $213,632Liabilities 2023: $29,964Net Assets 2023: $183,6682023

Highlighted filing

2016

Assets$52,034
Liabilities$12,583
Net Assets$39,451

Operations Trend

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

$600K$400K$200K$0-$200KExpenses 2011: $421,3902011Expenses 2012: $379,5652012Expenses 2013: $345,0712013Revenue 2014: $257,113Expenses 2014: $276,214Net Income 2014: -$19,1012014Revenue 2015: $254,267Expenses 2015: $242,616Net Income 2015: $11,6512015Revenue 2016: $232,330Expenses 2016: $196,430Net Income 2016: $35,9002016Revenue 2016: $232,330Expenses 2016: $196,430Net Income 2016: $35,9002016Revenue 2017: $149,431Expenses 2017: $162,298Net Income 2017: -$12,8672017Revenue 2018: $274,092Expenses 2018: $226,819Net Income 2018: $47,2732018Revenue 2019: $357,950Expenses 2019: $333,922Net Income 2019: $24,0282019Revenue 2020: $490,641Expenses 2020: $426,828Net Income 2020: $63,8132020Revenue 2021: $488,837Expenses 2021: $506,665Net Income 2021: -$17,8282021Revenue 2022: $530,695Expenses 2022: $515,047Net Income 2022: $15,6482022Revenue 2023: $537,891Expenses 2023: $497,831Net Income 2023: $40,0602023

Highlighted filing

2016

Revenue$232,330
Expenses$196,430
Net Income$35,900
Jump To
Filing Snapshot
Filing Period
Jul 1, 2015 to Jun 30, 2016
Signed
Nov 10, 2016
Return Version
2015v2.0
Gross Receipts
$232,330
Mission and Program Overview

Mission

Promote student success by facilitating the combined efforts of schools, families, and communities to address the needs of the whole child

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$3,630$47,267▲ $43,637
Rtn Earn Endowment Incm Other Fnds$3,551$39,451▲ $35,900
Land, Buildings, and Equipment, Net$6,760$4,767▼ $1,993
Savings and Temporary Cash Investments-$0-
Accounts Receivable-$0-
Other Notes and Loans Receivable, Net-$0-
Pledges and Grants Receivable-$0-
Receivable From Disqualified Prsn-$0-
Receivables From Officers Etc-$0-
Investments Other Securities-$0-
Investments Program Related-$0-
Investments in Publicly Traded Securities-$0-
Intangible Assets-$0-
Inventories for Sale or Use-$0-
Prepaid Expenses and Deferred Charges-$0-
Total Assets$10,390$52,034▲ $41,644
Other Assets Total-$0-
Liabilities
Mortgage Notes Payable Secured by Investment Property$4,868$12,050▲ $7,182
Accounts Payable and Accrued Expenses$1,971$533▼ $1,438
Total Liabilities$6,839$12,583▲ $5,744
Net Assets / Fund Balance
Total Net Assets Fund Balance$3,551$39,451▲ $35,900
Total Liabilities and Net Assets / Fund Balance$10,390$52,034▲ $41,644

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$2,042$5,822$7,864
Other Land Buildings$2,725$3,717$6,442
Compensation and Service Providers

Board Members and Trustees

NameTitle
Betty BondPresident
Joanie SmithVice President
Angela VosburgBoard Member
Betty ClarkBoard Member
Julie BeanBoard Member
GAIL LaVASSARExecutive Director
Erin WilkieSecretary/TREAS
Revenue and Support

Revenue Composition

Contributions and Grants
$232,330
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$0
All Other Contributions
$227,759
Change in Net Assets
$35,900

Noncash Contribution Practices

Property subject to holding requirements
No
Reviewed unusual noncash gifts
No
Third parties used for noncash contributions
No

Noncash Contributions

Contribution TypeContribution CountReported AmountValuation Method
Other Non Cash Contri Table2,830$35,000Retail Price
Other Non Cash Contri Table1$20,000Retail Price
Other Non Cash Contri Table1$10,000Retail Price
Other Non Cash Contri Table4,705$8,000Retail Price
Other Non Cash Contri Table61$5,000Retail Price
Total Noncash Contributions7,598$78,000-
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$93,716
Salaries, Compensation, and Employee Benefits$49,106
Other Expenses$48,150
Professional Fundraising Fees$5,458
Total Fundraising Expense$5,458

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Individuals$93,716--$93,716
Other Salaries and Wages$42,683$1,728-$44,411
Office Expenses$677$8,758-$9,435
Fees for Services Accounting-$7,998-$7,998
Fees for Services Other$6,956$1,001-$7,957
Fees for Services Professional Fundraising--$5,458$5,458
Occupancy$1,955$3,491-$5,446
Payroll Taxes$4,355$176-$4,531
Travel$3,668$732-$4,400
Depreciation Depletion-$1,993-$1,993
Insurance-$1,779-$1,779
Interest-$1,355-$1,355
Information Technology-$958-$958
Other Expenses$935$440-$440
Conferences and Meetings-$320-$320
Other Employee Benefits-$164-$164
Total Functional Expenses$160,079$30,893$5,458$196,430
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$5,458
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Receivables from Disqualified Persons-$0-
Receivables from Officers, Directors, Trustees, and Key Employees-$0-
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
No
Backup withholding compliance
Yes
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, Part VI, Line 11B: Form 990 Review Process

Form 990 is reviewed by the executive director before filing.

Form 990, Part VI, Line 19: Other Organization Documents Publicly Available

No documents available to the public

Filing and Contact Details

Filer

Filer Name
Readiness to Learn Foundation
EIN
91-1864751
Phone
3603210980
Address
PO BOX 280, LANGLEY, WA 98260

Signing Officer

Name
GAIL LaVASSAR
Title
Executive Director
Signed
2016-11-10
Discuss with paid preparer
Yes

Organization Details

Formed
1996
Legal Domicile
Wa
Voting Board Members
7
Independent Board Members
7
Employees
5

Preparer

Firm
Werner OMeara & Co PLLC
Address
19109 36th Ave West 213, Lynnwood, WA 98036
Preparer
Brenda Martinez
Phone
4257748888
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0FORM 990 IS REVIEWED BY THE EXECUTIVE DIRECTOR BEFORE FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1NO DOCUMENTS AVAILABLE TO THE PUBLIC
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Line 11b: Form 990 Review Process
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Line 19: Other Organization Documents Publicly Available
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IRS990/TotalEmployeeCnt05

Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2023Summary only. Only limited summary data is available for this year.$2.14$0.30$1.84$5.38$4.98$0.40
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.91$0.32$1.60$5.31$5.15$0.16
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.79$0.35$1.44$4.89$5.07$0.18
2020Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.68$0.07$1.62$4.91$4.27$0.64
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.06$0.08$0.98$3.58$3.34$0.24
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.76$0.02$0.74$2.74$2.27$0.47
2017Summary only. Only limited summary data is available for this year.$0.31$0.04$0.27$1.49$1.62$0.13
2016Detailed filing. Detailed filing data is available for this year.$0.52$0.13$0.39$2.32$1.96$0.36
2016Summary only. Only limited summary data is available for this year.$0.52$0.13$0.39$2.32$1.96$0.36
2015Summary only. Only limited summary data is available for this year.$0.10$0.07$0.04$2.54$2.43$0.12
2014Summary only. Only limited summary data is available for this year.$0.08$0.16$0.08$2.57$2.76$0.19
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.17$0.06$0.11$3.45
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.47$0.01$0.46$3.80
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.09$0.12$0.03$4.21