Civic Intelligence

Raising a Reader

990 • Fiscal year 2019 • EIN 94-3390149

Jan 01, 2019 to Dec 31, 2019 • Filed on Nov 06, 2020

Organization Profilewww.raisingareader.org
330 Twin Dolphin Drive 147Redwood City, CA 94065

(650) 489-0550

Siviq Scores

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

Liabilities / Assets

57th percentile

0.13x

Higher debt load relative to assets than 57% of similar nonprofits.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2019

Liabilities / Revenue

54th percentile

0.11x

Higher debt load relative to revenue than 54% of similar nonprofits.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2019

Net Margin

69th percentile

13%

Higher net margin than 69% of similar nonprofits.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2019

Top Officer Pay

Score unavailable

No value available

This filing does not contain officer compensation rows.

Source year 2019

Asset Growth

72nd percentile

13%

Faster asset growth than 72% of similar nonprofits.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2018 to 2019

Revenue Growth

69th percentile

15%

Faster revenue growth than 69% of similar nonprofits.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2018 to 2019

Balance Sheet
Liabilities / Assets57th percentile

Assets

Up

$3,335,583

Up $381,157 (+13%) from 2018

Net Assets

Up

$2,912,738

Up $502,289 (+21%) from 2018

Liabilities

Down

$422,845

Down $121,132 (-22%) from 2018

Revenue And Expenses
Liabilities / Revenue54th percentileNet Margin69th percentile

Revenue

Up

$3,889,593

Up $503,129 (+15%) from 2018

Expenses

Up

$3,392,917

Up $52,069 (+1.6%) from 2018

Net Income

Up

$496,676

Up $451,060 (+989%) from 2018

Historical Trend

Balance Sheet Trend

Asset Growth72nd percentile

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

$6.0M$4.0M$2.0M$0Assets 2010: $2,602,366Liabilities 2010: $343,830Net Assets 2010: $2,258,5362010Assets 2011: $2,371,109Liabilities 2011: $361,024Net Assets 2011: $2,010,0852011Assets 2012: $3,157,217Liabilities 2012: $992,696Net Assets 2012: $2,164,5212012Assets 2013: $3,700,352Liabilities 2013: $1,238,848Net Assets 2013: $2,461,5042013Assets 2014: $3,443,614Liabilities 2014: $663,807Net Assets 2014: $2,779,8072014Assets 2015: $3,153,766Liabilities 2015: $598,946Net Assets 2015: $2,554,8202015Assets 2016: $2,690,102Liabilities 2016: $527,358Net Assets 2016: $2,162,7442016Assets 2017: $3,146,956Liabilities 2017: $787,122Net Assets 2017: $2,359,8342017Assets 2018: $2,954,426Liabilities 2018: $543,977Net Assets 2018: $2,410,4492018Assets 2019: $3,335,583Liabilities 2019: $422,845Net Assets 2019: $2,912,7382019Assets 2020: $3,787,698Liabilities 2020: $900,728Net Assets 2020: $2,886,9702020Assets 2021: $3,407,480Liabilities 2021: $777,404Net Assets 2021: $2,630,0762021Assets 2022: $3,326,192Liabilities 2022: $377,608Net Assets 2022: $2,948,5842022Assets 2023: $4,424,012Liabilities 2023: $557,791Net Assets 2023: $3,866,2212023Assets 2024: $3,927,013Liabilities 2024: $503,235Net Assets 2024: $3,423,7782024

Highlighted filing

2019

Assets$3,335,583
Liabilities$422,845
Net Assets$2,912,738
Open 2019 Filing

Operations Trend

Revenue Growth69th percentile

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

$6.0M$4.0M$2.0M$0-$2.0MExpenses 2010: $2,694,4162010Expenses 2011: $2,888,5902011Expenses 2012: $3,306,2642012Revenue 2013: $5,124,200Expenses 2013: $4,677,435Net Income 2013: $446,7652013Revenue 2014: $5,419,103Expenses 2014: $5,100,800Net Income 2014: $318,3032014Revenue 2015: $4,279,416Expenses 2015: $4,504,403Net Income 2015: -$224,9872015Revenue 2016: $3,983,033Expenses 2016: $4,388,078Net Income 2016: -$405,0452016Revenue 2017: $3,779,351Expenses 2017: $3,582,261Net Income 2017: $197,0902017Revenue 2018: $3,386,464Expenses 2018: $3,340,848Net Income 2018: $45,6162018Revenue 2019: $3,889,593Expenses 2019: $3,392,917Net Income 2019: $496,6762019Revenue 2020: $3,159,603Expenses 2020: $3,186,643Net Income 2020: -$27,0402020Revenue 2021: $3,625,081Expenses 2021: $3,882,062Net Income 2021: -$256,9812021Revenue 2022: $4,999,126Expenses 2022: $4,680,618Net Income 2022: $318,5082022Revenue 2023: $5,700,015Expenses 2023: $4,782,378Net Income 2023: $917,6372023Revenue 2024: $4,911,900Expenses 2024: $5,354,343Net Income 2024: -$442,4432024

Highlighted filing

2019

Revenue$3,889,593
Expenses$3,392,917
Net Income$496,676
Open 2019 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2019 to Dec 31, 2019
Signed
Nov 6, 2020
Return Version
2019v5.0
Gross Receipts
$3,889,593
Mission and Program Overview

Mission

Raising a reader's mission is to engage parents in a routine of daily "book cuddling" with their children aged 0-8 to foster healthy brain development, parent-child bonding and the literacy skills critical for school success.

Raising A Reader is a national program proven to build literacy through family engagement.

Balance Sheet Detail
LineBeginningEndChange
Assets
Pledges and Grants Receivable$911,824$1,591,239▲ $679,415
Savings and Temporary Cash Investments$1,025,254$721,653▼ $303,601
Inventories for Sale or Use$352,960$352,848▼ $112
Investments Other Securities$287,162$292,775▲ $5,613
Accounts Receivable$311,641$287,618▼ $24,023
Prepaid Expenses and Deferred Charges$53,776$60,519▲ $6,743
Land, Buildings, and Equipment, Net$11,509$28,631▲ $17,122
Cash and Non-Interest-Bearing Accounts$300$300→ $0
Receivable From Disqualified Prsn$0$0→ $0
Receivables From Officers Etc$0$0→ $0
Investments Program Related$0--
Loans From Officers Directors$0$0→ $0
Total Assets$2,954,426$3,335,583▲ $381,157
Other Assets Total$0$0→ $0
Liabilities
Accounts Payable and Accrued Expenses$213,269$230,450▲ $17,181
Other Liabilities$330,708$192,395▼ $138,313
Total Liabilities$543,977$422,845▼ $121,132
Net Assets / Fund Balance
Net Assets With Donor Restrictions$1,141,385$1,718,281▲ $576,896
Net Assets Without Donor Restrictions$1,269,064$1,194,457▼ $74,607
Total Net Assets Fund Balance$2,410,449$2,912,738▲ $502,289
Total Liabilities and Net Assets / Fund Balance$2,954,426$3,335,583▲ $381,157

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$28,631$525,728$554,359
Leasehold Improvements$0$22,136$22,136
Other Securities$292,775--
Compensation and Service Providers
Top Officer PayScore unavailable

Employees

NameTitleFull / Part TimeBaseOtherTotal
-President and CEOFT$244,064$13,456$257,519

Board Members and Trustees

NameTitle
-Chair
-Vice Chair
-Director
-Secretary
-Treasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$1,562,429
Program Service Revenue
$2,312,152
Investment Income
$6,412
Other Revenue
$8,600
All Other Contributions
$1,457,489
Change in Net Assets
$496,676

Audited Revenue Reconciliation

Revenue per Audited Statements
$3,889,593
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$236,201
Other Revenue Adjustments
$0
Total Revenue per Audited Statements
$4,125,794
Total Revenue per Form 990
$3,889,593
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$1,634,891
Salaries, Compensation, and Employee Benefits$1,523,957
Total Fundraising Expense$239,609
Grants and Similar Amounts Paid$234,069
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$737,333$183,532$68,203$989,068
Current Officers, Directors, Trustees, and Key Employees$84,981$87,558$84,981$257,520
Grants to Domestic Orgs$234,069--$234,069
Fees for Services Other$131,147$43,786$11,912$186,845
Other Employee Benefits$102,960$35,865$10,670$149,495
Information Technology$72,849$20,546$24,407$117,802
Occupancy$78,170$14,757$4,753$97,680
Office Expenses$62,402$4,291$21,841$88,534
Payroll Taxes$61,651$15,235$7,414$84,300
Pension Plan Contributions$31,966$9,538$2,070$43,574
Travel$38,450$2,683$1,851$42,984
Conferences and Meetings$35,910$1,800$91$37,801
Fees for Services Accounting-$30,910-$30,910
Fees for Services Management-$30,545-$30,545
Insurance-$22,914-$22,914
All Other Expenses$8,087$2,452$851$11,390
Depreciation Depletion$8,416$1,442$465$10,323
Advertising$3,260$57$45$3,362
Fees for Service Investment Mgmnt Fees-$240-$240
Other Expenses$204$5$55$204
Total Functional Expenses$2,645,152$508,156$239,609$3,392,917

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$3,623,505
Expenses per Audited Statements$3,392,917
Total Expenses per Form 990$3,392,917
Expenses Not Reported on Form 990$230,588
Expenses Not Reported on Financial Statements$0
Other Expense Adjustments$0
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Fremont Unified School DistrictFremont, CASchool DistrictImplementation funding for program related costs and support$43,864
Antioch USDAntioch, CASchool DistrictImplementation funding for program related costs and support$8,436
Alum Rock Union Elementary School DistrictSan Jose, CASchool DistrictImplementation funding for program related costs and support$400
Hemet Unified School DistrictHemet, CASchool DistrictImplementation funding for program related costs and support-
Monterey County Office of Education - Head StartSalinas, CAOffice of EducationImplementation funding for program related costs and support-
Monterey Peninsula Unified School DistrictMonterey, CASchool DistrictImplementation funding for program related costs and support-
Mountain View School DistrictEl Monte, CASchool DistrictImplementation funding for program related costs and support-
Oakland Unified School DistrictOakland, CASchool DistrictImplementation funding for program related costs and support-
Oklahoma City Public SchoolsOklahoma City, OKPublic SchoolsImplementation funding for program related costs and support-
Raising A Reader MassachusettsBoston, MA501(c)3Implementation funding for program related costs and support-
Salinas City Elementary School DistrictSalinas, CASchool DistrictImplementation funding for program related costs and support-
Silicon Valley Community FoundationMountain View, CA501(c)3Implementation funding for program related costs and support-
THINK Together Early Literacy ProgramSanta Ana, CA501(c)3Implementation funding for program related costs and support-
Tehama County Office of EducationRed Bluff, CAOffice of EducationImplementation funding for program related costs and support-
Woodland Joint Unified School DistrictWoodland, CASchool DistrictImplementation funding for program related costs and support-
YMCA of Greater Kansas CityKansas City, MO501(c)3Implementation funding for program related costs and support-
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
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Loans from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Receivables from Disqualified Persons$0$0→ $0
Receivables from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Related Party Payables$192,395
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
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
Yes
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
Yes
Key decisions subject to board approval
No
Management duties delegated
Yes

Governance Explanations

Form 990, Part VI, Line 3 Delegation of management duties

“Human Resources and certain financial functions are managed by Silicon Valley Community Foundation at an annual rate of $30,545.”

Form 990, Part VI, Line 11B Review of form 990 by governing body

“The form 990 is placed on a secured website or sent by email for the governing body to review and comment prior to 990 filing. Review is verified by email.”

Form 990, Part VI, Line 12C Conflict of interest policy

“In connection with any actual or possible conflict of interest, an interested person must disclose to the governing board on an annual basis through the "990 and Conflict of Interest" questionnaire and upon discovery of a potential conflict within 30 days. Via the questionnaires, provided by the Executive Vice President of Finance and Operations, the interested person must disclose a list of offices and directorships he or she holds in charitable and business organizations and to identify his or her place of employment or principal business activity as well as the organizations, corporations and other businesses with which each person and his or her spouse or other relative may be affiliated. After disclosure by the interested person of all related financial interests and all related material facts, the board will discuss and make a determination if a conflict of interest exists. In the event the organization is considering a procurement of services from an organization in which an interested person is an officer, director, or is employed, the interested person shall so inform the governing board of the conflict. The interested person may be present during the deliberation to answer questions, but must recuse himself/herself from voting on the procurement.”

Form 990, Part VI, Line 15A Process to establish compensation of top management official

“In order to determine current year compensation for the organization's president, the organization researched compensation given by other foundations of a similar size. This evaluation was done by the human resources department of svcf, a group independent of raising a reader (rar). The contemporaneous substantiation of the evaluation was then communicated to the board.”

Form 990, Part VI, Line 19 Required documents available to the public

“The audited financial statements are posted on Raising A Reader's website. The governing and organizing documents can be reviewed in the office or through an email upon request. The conflict of interest policy is not made made available to the public.”

Form 990, Part VII, Section A, Line 1 RELATED ORGANIZATION EMPLOYEE

“Erica Wood is an employee of the Silicon Valley Community Foundation. She is not an employee of Raising a Reader.”

Filing and Contact Details

Filer

Filer Name
Raising A Reader
EIN
94-3390149
Phone
6504890550
Address
330 Twin Dolphin Drive 147, Redwood City, CA 94065

Signing Officer

Name
Michelle Torgerson
Title
President & CEO
Signed
2020-11-06
Discuss with paid preparer
Yes

Organization Details

Formed
1999
Legal Domicile
CA
Voting Board Members
10
Independent Board Members
9
Employees
0
Volunteers
100

Preparer

Firm
Crowe Llp
Address
575 Market Street Suite 3300, San Francisco, CA 94105-5829
Preparer
Nicole Bencik
Phone
4155761100
Supplemental Narrative

Additional Explanations

Form 990, Part XI, Line 9 Other changes in net assets or fund balances

“Net change in beneficial interest - 5613;”

Financial Statement Notes

Schedule D, Part X, Line 2 FIN 48 (ASC 740) footnote

“Raising A Reader has been granted tax-exempt status under Section 501(C)3 of the Internal Revenue Code and Section 23701D of the California Revenue and Taxation Code, and as such no provision for income tax has been made. Raising A Reader does not have any material uncertain tax positions or unrelated business income. Raising A Reader files exempt organization returns and, if applicable, unrelated business income tax returns in the U.S. Federal and California jurisdictions.”

Schedule D, Part XI, Line 2(D) Other revenues in audited financial statements not in form 990

“Net change in beneficial interest - 5613”

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IRS990/Form990PartVIISectionAGrp/BusinessName/BusinessNameLine1Txt1E Richard Jones
IRS990/Form990PartVIISectionAGrp/BusinessName/BusinessNameLine1Txt2John Baugh
IRS990/Form990PartVIISectionAGrp/BusinessName/BusinessNameLine1Txt3Richard S Wilkolaski
IRS990/Form990PartVIISectionAGrp/BusinessName/BusinessNameLine1Txt4Allan Casalou
IRS990/Form990PartVIISectionAGrp/BusinessName/BusinessNameLine1Txt5Carol Emig
IRS990/Form990PartVIISectionAGrp/BusinessName/BusinessNameLine1Txt6Erica Wood
IRS990/Form990PartVIISectionAGrp/BusinessName/BusinessNameLine1Txt7Jamay Lee
IRS990/Form990PartVIISectionAGrp/BusinessName/BusinessNameLine1Txt8Kirk Law
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IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt0"SVCF" IS AN ABBREVIATION FOR SILICON VALLEY COMMUNITY FOUNDATION.
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Document Assets

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Filings

Displayed year

2019 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$3,335,583
Liabilities
$422,845
Net assets
$2,912,738
Revenue
$3,889,593
Expenses
$3,392,917
Net income
$496,676
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$3.93$0.50$3.42$4.91$5.35$0.44
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$4.42$0.56$3.87$5.70$4.78$0.92
2022Detailed filing. Detailed filing data is available for this year.$3.33$0.38$2.95$5.00$4.68$0.32
2021Detailed filing. Detailed filing data is available for this year.$3.41$0.78$2.63$3.63$3.88$0.26
2020Detailed filing. Detailed filing data is available for this year.$3.79$0.90$2.89$3.16$3.19$0.03
2019Detailed filing. Detailed filing data is available for this year.$3.34$0.42$2.91$3.89$3.39$0.50
2018Detailed filing. Detailed filing data is available for this year.$2.95$0.54$2.41$3.39$3.34$0.05
2017Detailed filing. Detailed filing data is available for this year.$3.15$0.79$2.36$3.78$3.58$0.20
2016Detailed filing. Detailed filing data is available for this year.$2.69$0.53$2.16$3.98$4.39$0.41
2015Detailed filing. Detailed filing data is available for this year.$3.15$0.60$2.55$4.28$4.50$0.22
2014Detailed filing. Detailed filing data is available for this year.$3.44$0.66$2.78$5.42$5.10$0.32
2013XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$3.70$1.24$2.46$5.12$4.68$0.45
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.16$0.99$2.16$3.31
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.37$0.36$2.01$2.89
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.60$0.34$2.26$2.69