READ ALLIANCE INC: Form 990, tax year 2024

View the entire original 990 at ProPublica ↗

Organization
READ ALLIANCE INC (EIN 13-4091062)
Tax period
2024-09-01 to 2025-08-31
Filed
2026-02-04
IRS object ID
202600359349300715
Schema version
2024v5.5
Source
Download XML · Original 990 at ProPublica

Every field in the e-filed return. Faint text is the IRS element name, for citing.

Return header ReturnHeader

FieldValueIRS element (for citing)
Return2026-02-04T11:13:21-06:00ReturnTs
Tax Period End2025-08-31TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

FieldValueIRS element (for citing)
Preparer Firm EIN132672154PreparerFirmEIN

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1LIPSKY GOODKIN & CO PCBusinessNameLine1Txt

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line1120 WEST 45TH STREET 7TH FLAddressLine1Txt
CityNEW YORKCityNm
State AbbreviationNYStateAbbreviationCd
ZIP10036ZIPCd
FieldValueIRS element (for citing)
Return Type990ReturnTypeCd
Tax Period Begin2024-09-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN134091062EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1READ ALLIANCE INCBusinessNameLine1Txt
FieldValueIRS element (for citing)
Business Name ControlREADBusinessNameControlTxt
Phone6468676101PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line1160 BROADWAY 8TH FL EAST BUILDINGAddressLine1Txt
CityNEW YORKCityNm
State AbbreviationNYStateAbbreviationCd
ZIP10038ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonDANIELLE GUINDOPersonNm
Person TitleEXECUIVE OFFICERPersonTitleTxt
Phone6468676101PhoneNum
Signature2026-01-28SignatureDt
Discuss With Paid PreparerYes (1)DiscussWithPaidPreparerInd
FieldValueIRS element (for citing)
IRS Responsible Prty Info CurrYes (1)IRSResponsiblePrtyInfoCurrInd

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonMESUG KIMPreparerPersonNm
PTINP01291883PTIN
Phone2128406444PhoneNum
Preparation2026-02-04PreparationDt
FieldValueIRS element (for citing)
Tax2024TaxYr
Build TS2025-03-06 01:10:19ZBuildTS

Form 990 IRS990

FieldValueIRS element (for citing)
Principal OfficerDANIELLE GUINDOPrincipalOfficerNm

US Address USAddress

FieldValueIRS element (for citing)
Address Line1160 BROADWAY 8TH FL EAST BUILDINGAddressLine1Txt
CityNEW YORKCityNm
State AbbreviationNYStateAbbreviationCd
ZIP10038ZIPCd
FieldValueIRS element (for citing)
Gross Receipts$4,580,571GrossReceiptsAmt
Group Return For Affiliates0GroupReturnForAffiliatesInd
Organization501c3Yes (X)Organization501c3Ind
Website AddressWWW.READALLIANCE.ORGWebsiteAddressTxt
Type Of Organization CorpYes (X)TypeOfOrganizationCorpInd
Formation1999FormationYr
Legal Domicile StateNYLegalDomicileStateCd
Activity Or MissionWORK TO ACCELERATE THE EDUCATIONAL TRAJECTORY OF EARLY ELEMENTARY STUDENTS THROUGH THE POWER OF TEENS WHO PROVIDE ONE-TO-ONE LITERACY TUTORING IN UNDER-RESOURCED COMMUNITIES.ActivityOrMissionDesc
Voting Members Governing Body19VotingMembersGoverningBodyCnt
Voting Members Independent19VotingMembersIndependentCnt
Total Employee955TotalEmployeeCnt
Total Volunteers142TotalVolunteersCnt
Total Gross UBI$0TotalGrossUBIAmt
Net Unrelated Bus Txbl Incm$0NetUnrelatedBusTxblIncmAmt
PY Contributions Grants$4,690,106PYContributionsGrantsAmt
CY Contributions Grants$3,941,002CYContributionsGrantsAmt
PY Program Service Revenue$371,841PYProgramServiceRevenueAmt
CY Program Service Revenue$523,784CYProgramServiceRevenueAmt
PY Investment Income$119,065PYInvestmentIncomeAmt
CY Investment Income$112,269CYInvestmentIncomeAmt
PY Other Revenue-$175,026PYOtherRevenueAmt
CY Other Revenue-$176,079CYOtherRevenueAmt
PY Total Revenue$5,005,986PYTotalRevenueAmt
CY Total Revenue$4,400,976CYTotalRevenueAmt
PY Grants And Similar Paid$0PYGrantsAndSimilarPaidAmt
CY Grants And Similar Paid$0CYGrantsAndSimilarPaidAmt
PY Benefits Paid To Members$0PYBenefitsPaidToMembersAmt
CY Benefits Paid To Members$0CYBenefitsPaidToMembersAmt
PY Salaries Comp Emp Bnft Paid$3,156,273PYSalariesCompEmpBnftPaidAmt
CY Salaries Comp Emp Bnft Paid$3,531,411CYSalariesCompEmpBnftPaidAmt
PY Total Prof Fndrsng Expns$0PYTotalProfFndrsngExpnsAmt
CY Total Prof Fndrsng Expns$0CYTotalProfFndrsngExpnsAmt
CY Total Fundraising Expense$531,241CYTotalFundraisingExpenseAmt
PY Other Expenses$1,195,293PYOtherExpensesAmt
CY Other Expenses$1,257,202CYOtherExpensesAmt
PY Total Expenses$4,351,566PYTotalExpensesAmt
CY Total Expenses$4,788,613CYTotalExpensesAmt
PY Revenues Less Expenses$654,420PYRevenuesLessExpensesAmt
CY Revenues Less Expenses-$387,637CYRevenuesLessExpensesAmt
Total Assets BOY$4,960,211TotalAssetsBOYAmt
Total Assets EOY$4,442,907TotalAssetsEOYAmt
Total Liabilities BOY$973,760TotalLiabilitiesBOYAmt
Total Liabilities EOY$815,456TotalLiabilitiesEOYAmt
Net Assets Or Fund Balances BOY$3,986,451NetAssetsOrFundBalancesBOYAmt
Net Assets Or Fund Balances EOY$3,627,451NetAssetsOrFundBalancesEOYAmt
Info In Schedule O Part IIIYes (X)InfoInScheduleOPartIIIInd
MissionREAD ALLIANCE, INC (READ ALLIANCE) WORKS TO ACCELERATE THE EDUCATIONAL TRAJECTORY OF EARLY ELEMENTARY STUDENTS THROUGH THE POWER OF TEENS WHO PROVIDE ONE-TO-ONE LITERACY TUTORING IN UNDER-RESOURCED COMMUNITIES. READ IMPACTS TWO POPULATIONS SIMULTANEOUSLY, AND THROUGH A HIGHLY STRUCTURED, RESEARCH-BASED CURRICULUM, STUDENTS AVERAGE A FULL YEAR'S GROWTH IN READING AND THEIR TEEN TUTORS DEVELOP COLLEGE, CAREER, AND LIFE SKILLS. EARLY INTERVENTION PREVENTS READING DIFFICULTIES FROM BECOMING BARRIERS TO FUTURE SUCCESS, WHILE TEENS HAVE A POSITIVE DIRECT IMPACT ON THE LIVES OF CHILDREN IN THEIR COMMUNITIES THROUGH MEANINGFUL SERVICE AND JOBS.MissionDesc
Significant New Program Srvc0SignificantNewProgramSrvcInd
Significant Change0SignificantChangeInd
Expense$1,745,577ExpenseAmt
DescTEEN LEADERSHIP PROGRAM- TEEN LEADERS ARE ENGAGED IN MEANINGFUL AFTER SCHOOL EMPLOYMENT FOR 90 MINUTES A DAY, FOR A MINIMUM OF THREE DAYS A WEEK, AT A NEARBY ELEMENTARY SCHOOL, EARNING AN AVERAGE OF BETWEEN $600-$1,000 OVER 45 SESSIONS. TEEN LEADERS ARE NOT ONLY TRAINED TO DELIVER THE RESEARCH-BASED READING CURRICULUM ONE-ON-ONE TO YOUNG CHILDREN, BUT THEY ARE ALSO TRAINED IN BEHAVIOR MANAGEMENT AND DATA COLLECTION THAT IS CRUCIAL TO PROGRAM IMPLEMENTATION, REFLECTION AND ANALYSIS. TEEN LEADERS HAVE THE OPPORTUNITY TO ADVANCE TO SENIOR TEEN LEADER, A POSITION WITH ADDITIONAL RESPONSIBILITY PROVIDING SUPPORT AND GUIDANCE FOR THE TEEN LEADERS, PEER TO PEER DEVELOPMENT, AND SUPERVISION. AS PART OF THE TEEN LEADERSHIP PROGRAM READ ALLIANCE OFFERS COMPLEMENTARY PROGRAMMING FOR TEEN LEADERS THAT PROMOTES THEIR POSTSECONDARY SUCCESS INCLUDING FINANCIAL LITERACY TRAINING, LEADERSHIP DEVELOPMENT, NETWORKING AND CAREER EXPOSURE, COLLEGE READINESS, AND SOCIAL AND EMOTIONAL LEARNING. READ ALLIANCE LAUNCHED A PATHWAYS TO EDUCATION INITIATIVE IN FY 23 TO SUPPORT TEEN LEADERS' PURSUIT OF HIGHER EDUCATION AND TO CREATE A PIPELINE TO TEACHING CAREERS. IN AN EFFORT TO SUPPORT EXPANSION, READ ADDED THE ROLE OF SUMMER ENRICHMENT PROGRAM ASSISTANT DURING THE SUMMER OF FY22 SPECIFICALLY FOR EXPERIENCED TEEN LEADERS WHO WERE HOME FROM COLLEGE TO PROVIDE OVERSIGHT AND SUPPORT TO PROGRAM SITES IF A PROGRAM MANAGER WAS UNABLE TO BE THERE IN PERSON EVERY DAY.Desc

Prog Srvc Accom Acty2 ProgSrvcAccomActy2Grp

FieldValueIRS element (for citing)
Expense$2,098,230ExpenseAmt
DescEARLY LITERACY PROGRAM- READ ALLIANCE'S UNIQUE EARLY LITERACY PROGRAM IS 45 SESSIONS, AND PROVIDES 90 MINUTES OF PROGRAMMING PER DAY IN TWO PARTS: 1) A 45-MINUTE SESSION OF ONE-TO-ONE, INDIVIDUALIZED LITERACY INTERVENTION USING A STRUCTURED, PHONICS-BASED CURRICULUM DELIVERED TO THE YOUNGER READ ALLIANCE STUDENTS BY PAID READ ALLIANCE TEEN LEADERS, AND 2) A 45-MINUTE GROUP WORK SESSION LED BY A READ TEACHER, EITHER HOMEWORK HELP OR COMPLEMENTARY LITERACY ACTIVITIES. DURING THE ONE-TO-ONE TUTORING SESSION, STUDENTS READ OUT LOUD TO THEIR TEEN LEADERS A BOOK THEY HAVE ALREADY MASTERED, AND THEN THE TEEN LEADER PROVIDES EXPLICIT ONE-TO-ONE READING INSTRUCTION AND PRACTICE. AT THE END OF EACH SESSION, STUDENTS ARE GIVEN A BOOK FROM OUR LENDING LIBRARY FOR CONTINUED PRACTICE AT HOME. READ ALLIANCE TARGETS ITS EARLY LITERACY PROGRAM TO KINDERGARTEN, FIRST AND SECOND GRADERS WHO ARE READING AT LEAST HALF A GRADE LEVEL BEHIND. THE INDIVIDUALIZED, PHONICS- BASED INSTRUCTION USES A STRUCTURED CURRICULUM TO ADVANCE READING SKILL IMPROVEMENT OF AN AVERAGE OF AT LEAST ONE READING LEVEL IN JUST 30 SESSIONS. MORE THAN 85 PERCENT OF PARTICIPANTS WHO COMPLETE THE READ ALLIANCE PROGRAM ADVANCE THEIR READING SKILL IMPROVEMENT AN AVERAGE OF AT LEAST ONE READING LEVEL. IN FY24 READ ALLIANCE SERVED 1,256 UNDUPLICATED READERS IN 1,560 SEATS, AND EMPLOYED 1,046 UNDUPLICATED TEEN LEADERS IN 1,373 POSITIONS IN 3 STATES.Desc
FieldValueIRS element (for citing)
Total Program Service Expenses$3,843,807TotalProgramServiceExpensesAmt
Described In Section501c3Yes (1)DescribedInSection501c3Ind
Schedule B RequiredYes (1)ScheduleBRequiredInd
Political Campaign Acty0PoliticalCampaignActyInd
Lobbying Activities0LobbyingActivitiesInd
Subject To Proxy Tax0SubjectToProxyTaxInd
Donor Advised Fund0DonorAdvisedFundInd
Conservation Easements0ConservationEasementsInd
Collections Of Art0CollectionsOfArtInd
Credit Counseling0CreditCounselingInd
Donor Rstr Or Quasi Endowments0DonorRstrOrQuasiEndowmentsInd
Report Land Building EquipmentYes (1)ReportLandBuildingEquipmentInd
Report Investments Other Sec0ReportInvestmentsOtherSecInd
Report Program Related Invst0ReportProgramRelatedInvstInd
Report Other AssetsYes (1)ReportOtherAssetsInd
Report Other LiabilitiesYes (1)ReportOtherLiabilitiesInd
Include FIN48 Footnote0IncludeFIN48FootnoteInd
Independent Audit Fincl StmtYes (1)IndependentAuditFinclStmtInd
Consolidated Audit Fincl Stmt0ConsolidatedAuditFinclStmtInd
School Operating0SchoolOperatingInd
Foreign Office0ForeignOfficeInd
Foreign Activities0ForeignActivitiesInd
More Than5000 K To Org0MoreThan5000KToOrgInd
More Than5000 K To Individuals0MoreThan5000KToIndividualsInd
Professional Fundraising0ProfessionalFundraisingInd
Fundraising ActivitiesYes (1)FundraisingActivitiesInd
Gaming Activities0GamingActivitiesInd
Operate Hospital0OperateHospitalInd
Grants To Organizations0GrantsToOrganizationsInd
Grants To Individuals0GrantsToIndividualsInd
Schedule J RequiredYes (1)ScheduleJRequiredInd
Tax Exempt Bonds0TaxExemptBondsInd
Engaged In Excess Benefit Trans0EngagedInExcessBenefitTransInd
PY Excess Benefit Trans0PYExcessBenefitTransInd
Loan Outstanding0LoanOutstandingInd
Grant To Related Person0GrantToRelatedPersonInd
Business Rln With Org Mem0BusinessRlnWithOrgMemInd
Business Rln With Fam Mem0BusinessRlnWithFamMemInd
Business Rln With35 Ctrl Ent0BusinessRlnWith35CtrlEntInd
Deductible Non Cash Contri0DeductibleNonCashContriInd
Deductible Art Contribution0DeductibleArtContributionInd
Terminate Operations0TerminateOperationsInd
Partial Liquidation0PartialLiquidationInd
Disregarded Entity0DisregardedEntityInd
Related Entity0RelatedEntityInd
Related Organization Ctrl Ent0RelatedOrganizationCtrlEntInd
Trnsfr Exmpt Non Chrtbl Rltd Org0TrnsfrExmptNonChrtblRltdOrgInd
Activities Conducted Prtshp0ActivitiesConductedPrtshpInd
Schedule O RequiredYes (1)ScheduleORequiredInd
IRP Document22IRPDocumentCnt
IRP Document W2 G0IRPDocumentW2GCnt
Backup Wthld ComplianceYes (1)BackupWthldComplianceInd
Employee955EmployeeCnt
Employment Tax Returns FiledYes (1)EmploymentTaxReturnsFiledInd
Unrelated Bus Incm Over Limit0UnrelatedBusIncmOverLimitInd
Foreign Financial Account0ForeignFinancialAccountInd
Prohibited Tax Shelter Trans0ProhibitedTaxShelterTransInd
Taxable Party Notification0TaxablePartyNotificationInd
Nondeductible Contributions0NondeductibleContributionsInd
Quid Pro Quo Contributions0QuidProQuoContributionsInd
Form8282 Property Disposed Of0Form8282PropertyDisposedOfInd
Indoor Tanning Services0IndoorTanningServicesInd
Subj To Tax Rmnrtn Ex Prcht Pymt0SubjToTaxRmnrtnExPrchtPymtInd
Subject To Excs Tax Net Invst Inc0SubjectToExcsTaxNetInvstIncInd
Info In Schedule O Part VIYes (X)InfoInScheduleOPartVIInd
Governing Body Voting Members19GoverningBodyVotingMembersCnt
Independent Voting Member19IndependentVotingMemberCnt
Family Or Business Rln0FamilyOrBusinessRlnInd
Delegation Of Mgmt Duties0DelegationOfMgmtDutiesInd
Change To Org Documents0ChangeToOrgDocumentsInd
Material Diversion Or Misuse0MaterialDiversionOrMisuseInd
Members Or Stockholders0MembersOrStockholdersInd
Election Of Board Members0ElectionOfBoardMembersInd
Decisions Subject To Approva0DecisionsSubjectToApprovaInd
Minutes Of Governing BodyYes (1)MinutesOfGoverningBodyInd
Minutes Of CommitteesYes (1)MinutesOfCommitteesInd
Officer Mailing Address0OfficerMailingAddressInd
Local Chapters0LocalChaptersInd
Form990 Provided To Gvrn BodyYes (1)Form990ProvidedToGvrnBodyInd
Conflict Of Interest PolicyYes (1)ConflictOfInterestPolicyInd
Annual Disclosure Covered PrsnYes (1)AnnualDisclosureCoveredPrsnInd
Regular Monitoring EnfrcYes (1)RegularMonitoringEnfrcInd
Whistleblower PolicyYes (1)WhistleblowerPolicyInd
Document Retention PolicyYes (1)DocumentRetentionPolicyInd
Compensation Process CEOYes (1)CompensationProcessCEOInd
Compensation Process Other0CompensationProcessOtherInd
Investment In Joint Venture0InvestmentInJointVentureInd
States Where Copy Of Return Is FldCTStatesWhereCopyOfReturnIsFldCd
States Where Copy Of Return Is FldNYStatesWhereCopyOfReturnIsFldCd
States Where Copy Of Return Is FldNJStatesWhereCopyOfReturnIsFldCd
States Where Copy Of Return Is FldPAStatesWhereCopyOfReturnIsFldCd
States Where Copy Of Return Is FldORStatesWhereCopyOfReturnIsFldCd
Own WebsiteYes (X)OwnWebsiteInd
Upon RequestYes (X)UponRequestInd

Books In Care Of Detail BooksInCareOfDetail

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1DANIELLE GUINDOBusinessNameLine1Txt
FieldValueIRS element (for citing)
Phone6468676104PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line1160 BROADWAY 8TH FLOOR EAST BLDGAddressLine1Txt
CityNEW YORKCityNm
State AbbreviationNYStateAbbreviationCd
ZIP10038ZIPCd

Form990 Part VII Section A Form990PartVIISectionAGrp (26 entries)

TitleTitleTxtAverage Hours Per WeekAverageHoursPerWeekRtIndividual Trustee Or DirectorIndividualTrusteeOrDirectorIndOfficerOfficerIndReportable Comp From OrgReportableCompFromOrgAmtReportable Comp From Rltd OrgReportableCompFromRltdOrgAmtOther CompensationOtherCompensationAmtHighest Compensated EmployeeHighestCompensatedEmployeeInd
MARK A HEMENETZ
CHAIR4.00Yes (X)Yes (X)$0$0$0
ROBERT BROWN
VICE PRESIDENT2.00Yes (X)Yes (X)$0$0$0
MICHAEL LUBOWITZ
SECRETARY2.00Yes (X)Yes (X)$0$0$0
JASON TEETERS
TREASURER2.00Yes (X)Yes (X)$0$0$0
DEBJANI BAGCHI THRU JUL 25
DIRECTOR1.00Yes (X)$0$0$0
ADAM BAXTER
DIRECTOR1.00Yes (X)$0$0$0
MARCIA CANTARELLA
DIRECTOR1.00Yes (X)$0$0$0
MARIANA DE LA VEGA THRU OCT 25
DIRECTOR1.00Yes (X)$0$0$0
KATE BROWN
DIRECTOR1.00Yes (X)$0$0$0
DAVID FOSTER
DIRECTOR1.00Yes (X)$0$0$0
JENNA GOUDREAU
DIRECTOR1.00Yes (X)$0$0$0
SAMUEL GRADESS
DIRECTOR1.00Yes (X)$0$0$0
KATY KNIGHT
DIRECTOR1.00Yes (X)$0$0$0
MARK MOORE
DIRECTOR1.00Yes (X)$0$0$0
ZOE MOUNTROUKAS
DIRECTOR1.00Yes (X)$0$0$0
CARIN MUHLBAUM STARTED JAN 25
DIRECTOR1.00Yes (X)$0$0$0
PETER NKONGHO
DIRECTOR1.00Yes (X)$0$0$0
PATRICK RAMSEY
DIRECTOR1.00Yes (X)$0$0$0
RICHARD ROBINSON
DIRECTOR1.00Yes (X)$0$0$0
JULIE STERLING
DIRECTOR1.00Yes (X)$0$0$0
CHRISTOPHER VOLPE
DIRECTOR1.00Yes (X)$0$0$0
DANIELLE GUINDO
EXECUTIVE DIRECTOR40.00Yes (X)$253,000$0$30,559
YVETTE RUSSELL
CHIEF STRATEGY OFFIC40.00Yes (X)$191,000$0$22,872
MARCOS CLANDER
SNR DIRECTOR OF PROG40.00$120,750$0$8,560Yes (X)
PATRICIA MACLEAN
DIRECTOR OF DEVELOPM40.00$110,250$0$3,562Yes (X)
VALERIE BURGOS
DIRECTOR OF IMPLEMENTATION40.00$105,000$0$14,262Yes (X)
FieldValueIRS element (for citing)
Total Reportable Comp From Org$780,000TotalReportableCompFromOrgAmt
Tot Reportable Comp Rltd Org$0TotReportableCompRltdOrgAmt
Total Other Compensation$79,815TotalOtherCompensationAmt
Indiv Rcvd Greater Than100 K5IndivRcvdGreaterThan100KCnt
Former Ofcr Employees Listed0FormerOfcrEmployeesListedInd
Total Comp Greater Than150 KYes (1)TotalCompGreaterThan150KInd
Compensation From Other Srcs0CompensationFromOtherSrcsInd
Cntrct Rcvd Greater Than100 K0CntrctRcvdGreaterThan100KCnt
Fundraising$1,190,202FundraisingAmt
Government Grants$476,020GovernmentGrantsAmt
All Other Contributions$2,274,780AllOtherContributionsAmt
Total Contributions$3,941,002TotalContributionsAmt

Program Service Revenue ProgramServiceRevenueGrp

FieldValueIRS element (for citing)
DescSERVICE FEES FROM SITEDesc
Business611710BusinessCd
Total Revenue Column$523,784TotalRevenueColumnAmt
Related Or Exempt Func Income$523,784RelatedOrExemptFuncIncomeAmt
FieldValueIRS element (for citing)
Total Program Service Revenue$523,784TotalProgramServiceRevenueAmt

Investment Income InvestmentIncomeGrp

FieldValueIRS element (for citing)
Total Revenue Column$112,269TotalRevenueColumnAmt
Exclusion$112,269ExclusionAmt
FieldValueIRS element (for citing)
Fundraising Gross Income$0FundraisingGrossIncomeAmt
Contri Rpt Fundraising Event$1,190,202ContriRptFundraisingEventAmt
Fundraising Direct Expenses$179,595FundraisingDirectExpensesAmt

Net Incm From Fundraising Evt NetIncmFromFundraisingEvtGrp

FieldValueIRS element (for citing)
Total Revenue Column-$179,595TotalRevenueColumnAmt
Exclusion-$179,595ExclusionAmt

Other Revenue Misc OtherRevenueMiscGrp

FieldValueIRS element (for citing)
DescOTHER INCOMEDesc
Business900099BusinessCd
Total Revenue Column$3,516TotalRevenueColumnAmt
Related Or Exempt Func Income$3,516RelatedOrExemptFuncIncomeAmt
FieldValueIRS element (for citing)
Other Revenue Total$3,516OtherRevenueTotalAmt

Total Revenue TotalRevenueGrp

FieldValueIRS element (for citing)
Total Revenue Column$4,400,976TotalRevenueColumnAmt
Related Or Exempt Func Income$527,300RelatedOrExemptFuncIncomeAmt
Unrelated Business Revenue$0UnrelatedBusinessRevenueAmt
Exclusion-$67,326ExclusionAmt

Comp Current Ofcr Directors CompCurrentOfcrDirectorsGrp

FieldValueIRS element (for citing)
Total$444,000TotalAmt
Program Services$368,100ProgramServicesAmt
Management And General$63,250ManagementAndGeneralAmt
Fundraising$12,650FundraisingAmt

Other Salaries And Wages OtherSalariesAndWagesGrp

FieldValueIRS element (for citing)
Total$2,574,431TotalAmt
Program Services$2,277,154ProgramServicesAmt
Management And General$65,390ManagementAndGeneralAmt
Fundraising$231,887FundraisingAmt

Pension Plan Contributions PensionPlanContributionsGrp

FieldValueIRS element (for citing)
Total$62,228TotalAmt
Program Services$51,013ProgramServicesAmt
Management And General$3,866ManagementAndGeneralAmt
Fundraising$7,349FundraisingAmt

Other Employee Benefits OtherEmployeeBenefitsGrp

FieldValueIRS element (for citing)
Total$195,555TotalAmt
Program Services$162,612ProgramServicesAmt
Management And General$11,357ManagementAndGeneralAmt
Fundraising$21,586FundraisingAmt

Payroll Taxes PayrollTaxesGrp

FieldValueIRS element (for citing)
Total$255,197TotalAmt
Program Services$225,125ProgramServicesAmt
Management And General$10,366ManagementAndGeneralAmt
Fundraising$19,706FundraisingAmt

Fees For Services Accounting FeesForServicesAccountingGrp

FieldValueIRS element (for citing)
Total$17,391TotalAmt
Management And General$17,391ManagementAndGeneralAmt

Fees For Services Other FeesForServicesOtherGrp

FieldValueIRS element (for citing)
Total$558,163TotalAmt
Program Services$188,361ProgramServicesAmt
Management And General$204,004ManagementAndGeneralAmt
Fundraising$165,798FundraisingAmt

Office Expenses OfficeExpensesGrp

FieldValueIRS element (for citing)
Total$111,580TotalAmt
Program Services$104,104ProgramServicesAmt
Management And General$2,634ManagementAndGeneralAmt
Fundraising$4,842FundraisingAmt

Information Technology InformationTechnologyGrp

FieldValueIRS element (for citing)
Total$49,932TotalAmt
Program Services$43,759ProgramServicesAmt
Management And General$2,128ManagementAndGeneralAmt
Fundraising$4,045FundraisingAmt

Occupancy OccupancyGrp

FieldValueIRS element (for citing)
Total$204,195TotalAmt
Program Services$163,356ProgramServicesAmt
Management And General$20,420ManagementAndGeneralAmt
Fundraising$20,419FundraisingAmt

Travel TravelGrp

FieldValueIRS element (for citing)
Total$83,555TotalAmt
Program Services$74,889ProgramServicesAmt
Management And General$2,988ManagementAndGeneralAmt
Fundraising$5,678FundraisingAmt

Depreciation Depletion DepreciationDepletionGrp

FieldValueIRS element (for citing)
Total$15,659TotalAmt
Program Services$12,837ProgramServicesAmt
Management And General$973ManagementAndGeneralAmt
Fundraising$1,849FundraisingAmt

Insurance InsuranceGrp

FieldValueIRS element (for citing)
Total$104,450TotalAmt
Program Services$91,537ProgramServicesAmt
Management And General$4,451ManagementAndGeneralAmt
Fundraising$8,462FundraisingAmt

Other Expenses OtherExpensesGrp (4 entries)

DescDescTotalTotalAmtProgram ServicesProgramServicesAmtManagement And GeneralManagementAndGeneralAmtFundraisingFundraisingAmt
FURITURE, MAINTENANCE$49,300$42,297$2,414$4,589
MISCELLANEOUS$47,543$25,018$1,316$21,209
RECRUITMENT, RETENTION$10,434$8,645$617$1,172
PROFRAM INCENTIVES$5,000$5,000

Total Functional Expenses TotalFunctionalExpensesGrp

FieldValueIRS element (for citing)
Total$4,788,613TotalAmt
Program Services$3,843,807ProgramServicesAmt
Management And General$413,565ManagementAndGeneralAmt
Fundraising$531,241FundraisingAmt

Cash Non Interest Bearing CashNonInterestBearingGrp

FieldValueIRS element (for citing)
BOY$107,976BOYAmt
EOY$321,133EOYAmt

Savings And Temp Cash Invst SavingsAndTempCashInvstGrp

FieldValueIRS element (for citing)
BOY$1,400,017BOYAmt
EOY$742,443EOYAmt

Pledges And Grants Receivable PledgesAndGrantsReceivableGrp

FieldValueIRS element (for citing)
BOY$599,811BOYAmt
EOY$1,037,749EOYAmt

Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp

FieldValueIRS element (for citing)
BOY$151,855BOYAmt
EOY$168,150EOYAmt
FieldValueIRS element (for citing)
Land Bldg Equip Cost Or Other Bss$218,634LandBldgEquipCostOrOtherBssAmt
Land Bldg Equip Accum Deprec$204,962LandBldgEquipAccumDeprecAmt

Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp

FieldValueIRS element (for citing)
BOY$23,046BOYAmt
EOY$13,672EOYAmt

Investments Pub Traded Sec InvestmentsPubTradedSecGrp

FieldValueIRS element (for citing)
BOY$1,878,599BOYAmt
EOY$1,511,150EOYAmt

Other Assets Total OtherAssetsTotalGrp

FieldValueIRS element (for citing)
BOY$798,907BOYAmt
EOY$648,610EOYAmt

Total Assets TotalAssetsGrp

FieldValueIRS element (for citing)
BOY$4,960,211BOYAmt
EOY$4,442,907EOYAmt

Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp

FieldValueIRS element (for citing)
BOY$176,035BOYAmt
EOY$175,266EOYAmt

Other Liabilities OtherLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$797,725BOYAmt
EOY$640,190EOYAmt

Total Liabilities TotalLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$973,760BOYAmt
EOY$815,456EOYAmt
FieldValueIRS element (for citing)
Organization Follows FASB117Yes (X)OrganizationFollowsFASB117Ind

No Donor Restriction Net Assets NoDonorRestrictionNetAssetsGrp

FieldValueIRS element (for citing)
BOY$2,996,951BOYAmt
EOY$2,709,951EOYAmt

Donor Restriction Net Assets DonorRestrictionNetAssetsGrp

FieldValueIRS element (for citing)
BOY$989,500BOYAmt
EOY$917,500EOYAmt

Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$3,986,451BOYAmt
EOY$3,627,451EOYAmt

Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$4,960,211BOYAmt
EOY$4,442,907EOYAmt
FieldValueIRS element (for citing)
Reconcilation Revenue Expnss-$387,637ReconcilationRevenueExpnssAmt
Net Unrlzd Gains Losses Invst$28,637NetUnrlzdGainsLossesInvstAmt
Other Changes In Net Assets$0OtherChangesInNetAssetsAmt
Method Of Accounting AccrualYes (X)MethodOfAccountingAccrualInd
Accountant Compile Or Review0AccountantCompileOrReviewInd
FS AuditedYes (1)FSAuditedInd

FS Audited Basis FSAuditedBasisGrp

FieldValueIRS element (for citing)
Separate Basis Fincl StmtYes (X)SeparateBasisFinclStmtInd
FieldValueIRS element (for citing)
Audit CommitteeYes (1)AuditCommitteeInd
Federal Grant Audit Required0FederalGrantAuditRequiredInd

Schedule A IRS990ScheduleA

FieldValueIRS element (for citing)
Public Organization170Yes (X)PublicOrganization170Ind

Gifts Grants Contri Rcvd170 GiftsGrantsContriRcvd170Grp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$3,528,241CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$3,563,185CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$3,662,226CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$3,690,106CurrentTaxYearMinus1YearAmt
Current Tax Year$3,941,002CurrentTaxYearAmt
Total$18,384,760TotalAmt

Total Calendar Year170 TotalCalendarYear170Grp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$3,528,241CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$3,563,185CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$3,662,226CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$3,690,106CurrentTaxYearMinus1YearAmt
Current Tax Year$3,941,002CurrentTaxYearAmt
Total$18,384,760TotalAmt
FieldValueIRS element (for citing)
Substantial Contributors Tot$3,781,795SubstantialContributorsTotAmt
Public Support Total170$14,602,965PublicSupportTotal170Amt

Gross Investment Income170 GrossInvestmentIncome170Grp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$4,450CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$4,845CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$78,945CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$119,065CurrentTaxYearMinus1YearAmt
Current Tax Year$112,269CurrentTaxYearAmt
Total$319,574TotalAmt

Other Income170 OtherIncome170Grp

FieldValueIRS element (for citing)
Current Tax Year$3,516CurrentTaxYearAmt
Total$3,516TotalAmt
FieldValueIRS element (for citing)
Total Support$18,707,850TotalSupportAmt
Gross Receipts Rltd Activities$1,486,413GrossReceiptsRltdActivitiesAmt
Public Support CY1700.78060PublicSupportCY170Pct
Public Support PY1700.77350PublicSupportPY170Pct
Thirty Thr Pct Suprt Tests CY170Yes (X)ThirtyThrPctSuprtTestsCY170Ind

Schedule B IRS990ScheduleB

Contributor Information ContributorInformationGrp

FieldValueIRS element (for citing)
ContributorRESTRICTEDContributorNum

Contributor Business Name ContributorBusinessName

FieldValueIRS element (for citing)
Business Name Line1RESTRICTEDBusinessNameLine1

Contributor US Address ContributorUSAddress

FieldValueIRS element (for citing)
Address Line1RESTRICTEDAddressLine1
Address Line2RESTRICTEDAddressLine2
CityRESTRICTEDCity
StateRESTRICTEDState
ZIP CodeRESTRICTEDZIPCode
FieldValueIRS element (for citing)
Total ContributionsRESTRICTEDTotalContributionsAmt

Schedule D IRS990ScheduleD

Leasehold Improvements LeaseholdImprovementsGrp

FieldValueIRS element (for citing)
Other Cost Or Other Basis$112,542OtherCostOrOtherBasisAmt
Depreciation$112,542DepreciationAmt
Book Value$0BookValueAmt

Equipment EquipmentGrp

FieldValueIRS element (for citing)
Other Cost Or Other Basis$106,092OtherCostOrOtherBasisAmt
Depreciation$92,420DepreciationAmt
Book Value$13,672BookValueAmt
FieldValueIRS element (for citing)
Total Book Value Land Buildings$13,672TotalBookValueLandBuildingsAmt

Other Assets Org OtherAssetsOrgGrp (2 entries)

DescDescBook ValueBookValueAmt
SECURITY DEPOSITS$76,950
RIGHT-OF-USE ASSETS-OPERATING LEASES$571,660
FieldValueIRS element (for citing)
Total Book Value Other Assets$648,610TotalBookValueOtherAssetsAmt

Other Liabilities Org OtherLiabilitiesOrgGrp

FieldValueIRS element (for citing)
DescLEASE OBLIGATIONSDesc
Amt$640,190Amt
FieldValueIRS element (for citing)
Total Liability$640,190TotalLiabilityAmt
Total Rev Etc Audited Fincl Stmt$4,915,260TotalRevEtcAuditedFinclStmtAmt
Net Unrealized Gains Invst$28,637NetUnrealizedGainsInvstAmt
Donated Services And Use Fclts$485,647DonatedServicesAndUseFcltsAmt
Revenue Not Reported$514,284RevenueNotReportedAmt
Revenue Subtotal$4,400,976RevenueSubtotalAmt
Revenue Not Reported Fincl Stmt$0RevenueNotReportedFinclStmtAmt
Total Revenue Per Form990$4,400,976TotalRevenuePerForm990Amt
Tot Expns Etc Audited Fincl Stmt$5,274,260TotExpnsEtcAuditedFinclStmtAmt
Donated Services Use Fclts$485,647DonatedServicesUseFcltsAmt
Expenses Not Reported$485,647ExpensesNotReportedAmt
Expenses Subtotal$4,788,613ExpensesSubtotalAmt
Expenses Not Rpt Fincl Stmt$0ExpensesNotRptFinclStmtAmt
Total Expenses Per Form990$4,788,613TotalExpensesPerForm990Amt

Schedule G IRS990ScheduleG

Fundraising Event Information FundraisingEventInformationGrp

FieldValueIRS element (for citing)
Event1SPRING EVENTEvent1Nm
Gross Receipts Event1$1,190,202GrossReceiptsEvent1Amt
Charitable Contri Event1$1,190,202CharitableContriEvent1Amt
Other Direct Expenses Event1$179,595OtherDirectExpensesEvent1Amt
Gross Receipts Total$1,190,202GrossReceiptsTotalAmt
Charitable Contributions Tot$1,190,202CharitableContributionsTotAmt
Oth Direct Expnss Total Events$179,595OthDirectExpnssTotalEventsAmt
Direct Expense Summary Events$179,595DirectExpenseSummaryEventsAmt
Net Income Summary-$179,595NetIncomeSummaryAmt

Schedule J IRS990ScheduleJ

FieldValueIRS element (for citing)
Severance Payment0SeverancePaymentInd
Supplemental Nonqual Rtr Plan0SupplementalNonqualRtrPlanInd
Equity Based Comp Arrngm0EquityBasedCompArrngmInd
Comp Based On Revenue Of Flng Org0CompBasedOnRevenueOfFlngOrgInd
Comp Bsd On Rev Related Orgs0CompBsdOnRevRelatedOrgsInd
Comp Bsd Net Earns Flng Org0CompBsdNetEarnsFlngOrgInd
Comp Bsd Net Earns Rltd Orgs0CompBsdNetEarnsRltdOrgsInd
Any Non Fixed Payments0AnyNonFixedPaymentsInd
Initial Contract Exception0InitialContractExceptionInd

Rltd Org Officer Trst Key Empl RltdOrgOfficerTrstKeyEmplGrp (2 entries)

TitleTitleTxtBase Compensation Filing OrgBaseCompensationFilingOrgAmtCompensation Based On Rltd OrgsCompensationBasedOnRltdOrgsAmtBonus Filing OrganizationBonusFilingOrganizationAmountBonus Related OrganizationsBonusRelatedOrganizationsAmtOther Compensation Filing OrgOtherCompensationFilingOrgAmtOther Compensation Rltd OrgsOtherCompensationRltdOrgsAmtDeferred Compensation Flng OrgDeferredCompensationFlngOrgAmtDeferred Comp Rltd OrgsDeferredCompRltdOrgsAmtNontaxable Benefits Filing OrgNontaxableBenefitsFilingOrgAmtNontaxable Benefits Rltd OrgsNontaxableBenefitsRltdOrgsAmtTotal Compensation Filing OrgTotalCompensationFilingOrgAmtTotal Compensation Rltd OrgsTotalCompensationRltdOrgsAmtComp Report Prior990 Filing OrgCompReportPrior990FilingOrgAmtComp Report Prior990 Rltd OrgsCompReportPrior990RltdOrgsAmt
DANIELLE GUINDO
EXECUTIVE DIRECTOR$253,000$0$0$0$0$0$10,389$0$20,170$0$283,559$0$0$0
YVETTE RUSSELL
CHIEF STRATEGY OFFIC$191,000$0$0$0$0$0$7,992$0$14,880$0$213,872$0$0$0

Schedule O IRS990ScheduleO

Supplemental Information Detail SupplementalInformationDetail (4 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
FORM 990, PART VI, SECTION B, LINE 11BORGANIZATION'S PROCESS TO REVIEW FORM 990, MANAGEMENT AND ALL MEMBERS OF THE GOVERNING BODY REVIEWED THE 990 PRIOR TO FILING WITH THE IRS. IF MEMBERS OF THE GOVERNING BOARD HAVE QUESTIONS ABOUT THE 990 THEY DISCUESS THEM WITH MANAGEMENT.
FORM 990, PART VI, SECTION B, LINE 12CREAD ALLIANCE HAS DEVELOPED ITS CONFLICT OF INTEREST POLICY AND PERIODICALLY REVIEWS THE POLICY TO ENSURE THAT ALL ITS DIRECTORS AND OFFICERS CONTINUETO ACT IN COMPLIANCE WITH APPLICABLE LAWS AND TO DEAL WITH ALL PERSONS DOING BUSINESS WITH READ ALLIANCE APPROPRIATELY. THESE POLICIES ARE GUIDELINES TO PROTECT READ ALLIANCE'S INTERESTS WHEN IT IS CONTEMPLATING ENTERING INTO A TRANSACTION OR ARRANGEMENT THAT MIGHT BENEFIT THE PRIVATE INTEREST OF AN OFFICER OR DIRECTOR OF THE CORPORATION. THESE POLICIES ARE INTENDED TO SUPPLEMENT BUT NOT REPLACE ANY APPLICABLE STATE LAWS GOVERNING CONFLICTS OF INTEREST AND PERMISSIBLE ACTIVITIES APPLICABLE TO NON PROFIT AND CHARITABLE CORPORATIONS. IN CONNECTION WITH ANY ACTUAL OR POSSIBLE CONFLICTS OF INTEREST, AN INTERESTED PERSON MUST DISCLOSE THE EXISTENCE AND NATURE OF HIS/HER FINANCIAL INTERESTS TO THE DIRECTORS AND MEMBERS OF COMMITTEES WITH BOARD DELEGATED POWERS CONSIDERING THE PROPOSED TRANSACTION OR ARRANGEMENT. AFTER DISCLOSURE OF THE FINANCIAL INTEREST, THE INTERESTED PERSON SHALL LEAVE THE BOARD OR COMMITTEE MEETING WHILE THE FINANCIAL INTEREST IS DISCUSSED AND VOTED UPON. THE REMAINING BOARD OR COMMITTEE MEMBERS SHALL DECIDE IF A CONFLICT OF INTEREST EXISTS. FOR ADDRESSING THE CONFLICT OF INTEREST:A. THE EXECUTIVE DIRECTOR OF READ ALLIANCE OR THE FINANCE COMMITTEE SHALL, IF APPROPRIATE, APPOINT A DISINTERESTED PERSON OR COMMITTEE TO INVESTIGATE ALTERNATIVES TO THE PROPOSED TRANSACTION OR ARRANGEMENT.B. AFTER EXERCISING DUE DILIGENCE, THE EXECUTIVE DIRECTOR OR THE FINANCE COMMITTEE SHALL DETERMINE WHETHER READ ALLIANCE CAN OBTAIN A MORE ADVANTAGEOUS TRANSACTION OR ARRANGEMENT WITH REASONABLE EFFORTS FROM A PERSON ORENTITY THAT WOULD NOT GIVE RISE TO A CONFLICT OF INTEREST.C. IF A MORE ADVANTAGEOUS TRANSACTION OR ARRANGEMENT IS NOT REASONABLY ATTAINABLE UNDER CIRCUMSTANCES THAT WOULD NOT GIVE RISE TO A CONFLICT OF INTEREST, THE BOARD OR COMMITTEE SHALL DETERMINE BY A MAJORITY VOTE OF THE DISINTERESTED DIRECTORS WHETHER THE TRANSACTION OR ARRANGEMENT IS IN THE BEST INTEREST AND FOR ITS OWN BENEFIT AND WHETHER THE TRANSACTION IS FAIR AND REASONABLE TO READ ALLIANCE AND SHALL MAKE ITS DECISION AS TO WHETHER TO ENTER INTO THE TRANSACTION OR ARRANGEMENT IN CONFORMITY WITH SUCH A DETERMINATION. VIOLATIONS OF THE CONFLICT OF INTEREST POLICY:A. IF THE EXECUTIVE DIRECTOR OR THE FINANCE COMMITTEE HAS REASONABLE CAUSE TO BELIEVE THAT A MEMBER HAS FAILED TO DISCLOSE ACTUAL OR POSSIBLE CONFLICTS OF INTEREST, IT SHALL INFORM THE MEMBER OF THE BASIS FOR SUCH BELIEF AND AFFORD THE MEMBER AN OPPORTUNITY TO EXPLAIN THE ALLEGED FAILURE TO DISCLOSE.B. IF, AFTER HEARING THE RESPONSE OF THE MEMBER AND MAKING SUCH FURTHER INVESTIGATION AS MAY BE WARRANTED IN THE CIRCUMSTANCES, THE BOARD OR COMMITTEE DETERMINES THAT THE MEMBER HAS IN FACT FAILED TO DISCLOSE ANACTUAL OR POSSIBLE CONFLICT OF INTEREST, IT SHALL TAKE APPROPRIATE DISCIPLINARY AND CORRECTIVE ACTION. EACH DIRECTOR, OFFICER AND MEMBER OF A COMMITTEE SHALL SIGN A STATEMENT WHICH AFFIRMS THAT SUCH PERSON:A. HAS RECEIVED A COPY OF THE CONFLICTS OF INTEREST POLICY B. HAS READ ALLIANCE AND UNDERSTANDS THE POLICY C. HAS AGREED TO COMPLY WITH THE POLICY D. UNDERSTANDS THAT READ ALLIANCE IS A NONPROFIT ORGANIZATION AND THAT IN ORDER TO MAINTAIN ITS FEDERAL TAX EXEMPTION IT MUST ENGAGE PRIMARILY IN ACTIVITIES WHICH ACCOMPLISH ONE OR MORE OF ITS TAX-EXEMPT PURPOSES.
FORM 990, PART VI, SECTION B, LINE 15AREAD ALLIANCE'S EXECUTIVE COMMITTEE DETERMINES THE COMPENSATION FOR THE EXECUTIVE DIRECTOR AND CHIEF STRATEGY OFFICER USING DATA OBTAINED FROM THE 990 OFOTHER ORGANIZATIONS AND A SURVEY CONDUCTED BY PROFESSIONALS FOR NOT-FOR-PROFITS (PNP). THE DELIBERATION AND DECISION ARE MADE BY THE EXECUTIVE COMMITTEE. THE EXECUTIVE DIRECTOR AND CHIEF STRATEGY OFFICER'S FISCAL 2025 SALARY REVIEW WAS COMPLETED IN AUGUST 2024.
FORM 990, PART VI, SECTION C, LINE 19THESE DOCUMENTS ARE AVAILABLE UPON REQUEST.

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