2025-05-12T14:34:00-05:00 2024-06-30 SMITH & HOWARD ADVISORY LLC 271 17TH STREET NW SUITE 2100 ATLANTA GA 30363 990 2023-07-01 465228845 READSOURCE INC % RYAN HUDAK READ 4042522591 282 MOUNT PARAN ROAD ATLANTA GA 30327 KARA LOFTINPhD Executive Director 4042522591 2025-05-15 true true SABRE J LINAHAN P01372980 4048746244 2025-05-15 2023 2025-03-06 01:10:19Z Ryan Hudak 282 MOUNT PARAN ROAD ATLANTA GA 30327 978215 false X HTTPS://READSOURCE.COM/ X 2013 GA EMPOWERING COMMUNITIES TO SERVE STRUGGLING LEARNERS. 18 18 0 18 0 451114 154023 626002 824192 0 0 1671 -19581 1078787 958634 1023 0 0 0 914476 1131580 0 0 55103 394466 198319 1309965 1329899 -231178 -371265 1723637 1528711 95747 214568 1627890 1314143 EMPOWERING COMMUNITIES TO SERVE STRUGGLING LEARNERS. false false 504682 529192 Teacher training & tutoring services: Our programs, including comprehensive Orton-Gillingham training and our free course, Reaching All Readers, are designed to equip educators with the tools needed to support diverse learners in both public and independent schools. 557131 295000 Direct remediation services: Through the partnership with Purpose Built Schools Atlanta we provide direct remediation services to equip students in public schools with the reading skills needed to succeed. 1061813 true true false false false false false false false true false false false true false true false false false false false false false true false false false false true false false false false false false false false false false false false false true false false false true 8 0 true 0 false false false false false false false false false false false false X 18 18 false false false false false false false true true false false true true true true true true true true false GA X X RYAN HUDAK 4042522591 282 MOUNT PARAN ROAD ATLANTA GA 30327 X Kara Loftin Head of School 12.0 28.0 X 0 288839 14928 Mark R Bell II Treasurer 1.0 3.0 X 0 0 0 Arun V Mohan Trustee 1.0 2.0 X 0 0 0 Andrew Kang Trustee 1.0 2.0 X 0 0 0 Jeffrey L Wright Board Chair 1.0 8.0 X 0 0 0 Jim Chapman Trustee 1.0 2.0 X 0 0 0 John A Draughon Trustee 1.0 2.0 X 0 0 0 John Curtis Fisher Trustee 1.0 2.0 X 0 0 0 Paul M Ollinger Trustee 1.0 2.0 X 0 0 0 Rick Rollins Trustee 1.0 2.0 X 0 0 0 Caroline Wildman Trustee 1.0 2.0 X 0 0 0 Elizabeth J Shults Secretary 1.0 5.0 X 0 0 0 Elizabeth Miller Tucker Trustee 1.0 2.0 X 0 0 0 Jennifer Morgan Trustee 1.0 2.0 X 0 0 0 Jennifer R Dangar Vice Chair 1.0 8.0 X 0 0 0 Kate Denny Trustee 1.0 2.0 X 0 0 0 Michaeline Roland Trustee 1.0 2.0 X 0 0 0 Nancy Bryant Trustee 1.0 2.0 X 0 0 0 Sarah Bottini Trustee 1.0 2.0 X 0 0 0 0 288839 14928 0 false true false 0 44303 109720 3942 154023 TEACHING & TRAINING INCOME 611430 529192 529192 DIRECT REMEDIATION SERVICES 611430 295000 295000 824192 0 0 0 0 0 0 0 0 44303 19581 -19581 -19581 0 0 0 0 0 0 0 958634 824192 -19581 0 0 0 0 0 0 1002593 824736 133393 44464 0 63173 50538 9476 3159 65814 52651 9872 3291 231 231 11850 11850 2200 2200 0 0 0 0 50411 48418 1993 23066 22085 981 42139 32982 7625 1532 0 28506 7386 21120 3054 3054 0 5906 4725 1181 0 0 6098 6098 0 CREDIT CARD FEES 6628 5966 331 331 STAFF DEVELOPMENT 4920 2460 2460 ORGANIZATIONAL EXPENSES 4118 1829 2289 CHILDREN'S FUND 3590 3590 5602 1393 3876 333 1329899 1061813 212983 55103 1467880 1245857 0 0 0 83333 217854 167716 0 0 0 0 0 0 0 0 461 461 46720 15376 37442 31344 0 0 0 0 0 0 0 0 0 0 1723637 1528711 9851 130916 0 0 3574 83652 0 0 0 0 0 0 0 0 0 0 82322 0 95747 214568 X 656276 1230810 971614 83333 1627890 1314143 1723637 1528711 -371265 57518 X false true X true false X X X 1 THE SCHENCK SCHOOL 580958208 2 true 0 0 1 0 0 0.00000 true false false false false false false false false false false false false false false false PART IV, SECTION C, LINE 1: Under the amended bylaws of Readsource Inc, the board of trustees of Readsource is comprised of the members of the executive committee of the Schenck School, which is the supported organization. Each member of the executive committee of the School is a trustee of the School. Since all of the trustees of Readsource are trustees of the School, there is common supervision or control by persons supervising or controlling Readsource and the School. As a result, Readsource and its board of trustees are responsive to the needs of the supported organization and Readsource and constitute an integral part of the operations of such organization. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 21720 13622 8098 25000 1754 23246 31344 0 0 X 1218095 239880 19581 259461 958634 958634 1589360 239880 19581 259461 1329899 1329899 PART XI, LINE 2D $ 19,581 FUNDRAISING EXPENSES PART XII, LINE 2D $ 19,581 FUNDRAISING EXPENSES PART X, LINE 2 The Organization is exempt from income taxes under Section 501(c)(3) of the Internal Revenue Code, as amended, and is classified by the Internal Revenue Service as other than a private foundation. Accordingly, no provision or liability for federal and state income taxes has been recorded in the accompanying financial statements. The Organization annually evaluates all federal and state income tax positions. This process includes an analysis of whether these income tax positions the Organization takes meet the definition of an uncertain tax position under the Income Taxes Topic of the Financial ASC. In the normal course of business, the Organization is subject to examination by the federal and state taxing authorities. In general, the Organization is no longer subject to tax examinations for tax years ending before June 30, 2021. CLAYS FOR KIDS 44303 44303 4010 1605 3015 6216 4735 0 44303 44303 4010 1605 3015 6216 4735 19581 -19581 false false false false false false false false false Kara Loftin Head of School 158451 0 130388 9000 6406 304245 0 OTHER ADDITIONAL INFORMATION ALL EMPLOYEES ARE EMPLOYEES OF THE SCHENCK SCHOOL. THE BOARD CHAIR COMPLETES AN ANNUAL REVIEW OF THE SCHENCK SCHOOL HEAD OF SCHOOL/DYSLEXIA RESOURCE TRUST EXECUTIVE DIRECTOR IN WRITING. ANNUAL GOALS ARE SET AND AGREED TO BY THE HEAD AND THE BOARD CHAIR. THE DIRECTOR OF FINANCE PROVIDES A SPREADSHEET WITH COMPENSATION LEVELS (SALARY, DEFERRED COMPENSATION) FOR ATLANTA AREA INDEPENDENT SCHOOLS, NAIS MEMBER SCHOOLS, SAIS MEMBER SCHOOLS, ELEMENTARY NAIS MEMBER SCHOOLS, GEORGIA NAIS MEMBER SCHOOLS, GISA MEMBER SCHOOLS, AND SCHOOLS WITH AN ENROLLMENT OF 201-300. THIS IS PROVIDED TO THE CHAIR OF THE PERSONNEL COMMITTEE AND TO THE EXECUTIVE COMMITTEE TO USE IN COMPARING, SUBSTANTIATING, AND DETERMINING THE HEAD'S SALARY INCREASE FOR THE NEW SCHOOL YEAR. THE INCREASE IS VOTED ON WITHIN THE EXECUTIVE COMMITTEE AND REPORTED TO THE BOARD DURING EXECUTIVE SESSION. IT IS THEN PROVIDED TO THE DIRECTOR OF FINANCE IN WRITING. OTHER KEY POSITIONS ARE REVIEWED EVERY FEW YEARS AS DETERMINED TO BE NECESSARY. THE SAME BENCHMARKING PROCESS IS USED AND THE INFORMATION IS PROVIDED TO THE HEAD OF SCHOOL. PART VI,SECTION B, LINE 11B THE 990 WILL BE PROVIDED TO OUR BOARD OF TRUSTEES VIA A PASSWORD PROTECTED DOCUMENT ON A SPECIFIC PAGE OF OUR WEBSITE. THE BOARD WILL BE ASKED TO REVIEW THE 990 AND CONTACT THE DIRECTOR OF FINANCE OR TREASURER WITH QUESTIONS WITH A SPECIFIC TIMEFRAME. PART VI,SECTION B,LINE 12C EACH YEAR INDIVIDUAL TRUSTEES ARE REQUESTED TO REVIEW OUR CONFLICT OF INTEREST POLICY AND TO DISCLOSE ANY INTERESTS THAT COULD GIVE RISE TO CONFLICT. FORMS ARE DISTRIBUTED, COLLECTED, AND REVIEWED ANNUALLY TO MONITOR AND ENFORCE COMPLIANCE. PART VI,SECTION B,LINE 15 THE BOARD CHAIR COMPLETES AN ANNUAL REVIEW OF THE HEAD OF SCHOOL IN WRITING. ANNUAL GOALS ARE SET AND AGREED TO BY THE HEAD AND THE BOARD CHAIR. THE DIRECTOR OF FINANCE PROVIDES A SPREADSHEET WITH COMPENSATION LEVELS (E.G. SALARY, DEFERRED COMPENSATION) FOR ATLANTA AREA INDEPENDENT SCHOOLS, SAIS MEMBER SCHOOLS, ELEMENTARY NAIS MEMBER SCHOOLS, GISA MEMBER SCHOOLS, AND NAIS SCHOOLS WITH ENROLLMENT OF 201-300. THIS INFORMATION IS PROVIDED TO THE CHAIR OF THE BENEFITS COMMITTEE AND TO THE EXECUTIVE COMMITTEE TO USE IN COMPARING, SUBSTANTIATING, AND DETERMINING THE HEAD'S SALARY INCREASE FOR THE NEW SCHOOL YEAR. THE INCREASE IS VOTED ON WITH THE EXECUTIVE COMMITTEE AND REPORTED TO THE BOARD DURING EXECUTIVE SESSION. IT IS THEN PROVIDED TO THE DIRECTOR OF FINANCE IN WRITING. OTHER KEY POSITIONS ARE REVIEWED EVERY YEAR BY THE HEAD OF SCHOOL AND DIRECTOR OF FINANCE USING THE SAME OR SIMILAR BENCHMARKS. PART VI, SECTION C, LINE 18 BY REQUEST THROUGH RYAN HUDAK, DIRECTOR OF FINANCE. PART VI, SECTION C, LINE 19 REQUESTS FOR GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE DIRECTED TO RYAN HUDAK, DIRECTOR OF FINANCE. ADDITIONAL INFORMATION READSOURCE INC. HAS NO EMPLOYEES. ALL EMPLOYEES ARE LEASED FROM THE SCHENCK SCHOOL. THIS EMPLOYEE LEASE AGREEMENT HAS BEEN EFFECTIVE SINCE FEBRUARY 26, 2016. THE SCHENCK SCHOOL INC 282 MOUNT PARAN ROAD NW ATLANTA GA 30327 580958208 SCHOOL GA 501(C)(3) LINE 2 false false false true false true false false false false false false false false true true true false false false