READ ALLIANCE INC: Form 990, tax year 2009
View the entire original 990 at ProPublica ↗
- Organization
- READ ALLIANCE INC (EIN 13-4091062)
- Tax period
- 2009-09-01 to 2010-08-31
- Filed
- 2011-07-05
- IRS object ID
- 201141869349300609
- Schema version
- 2009v1.7
- 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
| Field | Value | IRS element (for citing) |
|---|---|---|
| Timestamp | 2011-07-05T10:26:31-05:00 | Timestamp |
| Tax Period End Date | 2010-08-31 | TaxPeriodEndDate |
Preparer Firm PreparerFirm
Preparer Firm Business Name PreparerFirmBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | LOEB & TROPER LLP | BusinessNameLine1 |
Preparer Firm US Address PreparerFirmUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 655 THIRD AVENUE 12TH FLOOR | AddressLine1 |
| City | NEW YORK | City |
| State | NY | State |
| ZIP Code | 10017 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990 | ReturnType |
| Tax Period Begin Date | 2009-09-01 | TaxPeriodBeginDate |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 134091062 | EIN |
Name Name
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | READING EXCELLENCE AND DISCOVERY FOUNDATION INC | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Control | READ | NameControl |
| Phone | 6468676101 | Phone |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 80 Maiden Lane | AddressLine1 |
| City | NEW YORK | City |
| State | NY | State |
| ZIP Code | 10038 | ZIPCode |
Officer Officer
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name | Yvonne Petrasovits | Name |
| Title | President | Title |
| Phone | 6468676101 | Phone |
| Date Signed | 2011-07-05 | DateSigned |
| Authorize Third Party | 1 | AuthorizeThirdParty |
Preparer Preparer
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name | FREDERICK H ROTHMAN | Name |
| Phone | 2128674000 | Phone |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax Year | 2009 | TaxYear |
| Build TS | 2016-02-24 21:20:13Z | BuildTS |
Form 990 IRS990
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Of Principal Officer Person | Yvonne Petrasovits | NameOfPrincipalOfficerPerson |
Address Principal Officer US AddressPrincipalOfficerUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 80 Maiden Lane | AddressLine1 |
| City | NEW YORK | City |
| State | NY | State |
| ZIP Code | 10038 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Receipts | 2278203 | GrossReceipts |
| Group Return For Affiliates | 0 | GroupReturnForAffiliates |
| Organization501c | X | Organization501c |
| Web Site | WWW.READNYC.ORG | WebSite |
| Type Of Organization Corporation | X | TypeOfOrganizationCorporation |
| Year Formation | 2000 | YearFormation |
| State Legal Domicile | NY | StateLegalDomicile |
| Activity Or Mission Description | TO PREPARE AT-RISK CHILDREN TO READ AT GRADE LEVEL. | ActivityOrMissionDescription |
| Nbr Voting Members Governing Body | 17 | NbrVotingMembersGoverningBody |
| Nbr Independent Voting Members | 17 | NbrIndependentVotingMembers |
| Total Nbr Employees | 1173 | TotalNbrEmployees |
| Total Nbr Volunteers | 1030 | TotalNbrVolunteers |
| Total Gross UBI | 0 | TotalGrossUBI |
| Net Unrelated Business Txbl Income | 0 | NetUnrelatedBusinessTxblIncome |
| Contributions Grants Prior Year | 1884491 | ContributionsGrantsPriorYear |
| Contributions Grants Current Year | 2260204 | ContributionsGrantsCurrentYear |
| Program Service Revenue CY | 0 | ProgramServiceRevenueCY |
| Investment Income Prior Year | 5347 | InvestmentIncomePriorYear |
| Investment Income Current Year | 1424 | InvestmentIncomeCurrentYear |
| Other Revenue Prior Year | -10009 | OtherRevenuePriorYear |
| Other Revenue Current Year | -24695 | OtherRevenueCurrentYear |
| Total Revenue Prior Year | 1879829 | TotalRevenuePriorYear |
| Total Revenue Current Year | 2236933 | TotalRevenueCurrentYear |
| Grants And Similar Amnts CY | 0 | GrantsAndSimilarAmntsCY |
| Benefits Paid To Members CY | 0 | BenefitsPaidToMembersCY |
| Salaries Etc Prior Year | 1580940 | SalariesEtcPriorYear |
| Salaries Etc Current Year | 1624509 | SalariesEtcCurrentYear |
| Total Prof Fundrsng Exp CY | 30000 | TotalProfFundrsngExpCY |
| Total Fundrsng Exp Current Year | 209703 | TotalFundrsngExpCurrentYear |
| Other Expense Prior Year | 562120 | OtherExpensePriorYear |
| Other Expenses Current Year | 527610 | OtherExpensesCurrentYear |
| Total Expenses Prior Year | 2143060 | TotalExpensesPriorYear |
| Total Expenses Current Year | 2182119 | TotalExpensesCurrentYear |
| Revenues Less Expenses Prior Year | -263231 | RevenuesLessExpensesPriorYear |
| Revenues Less Expenses CY | 54814 | RevenuesLessExpensesCY |
| Total Assets BOY | 792209 | TotalAssetsBOY |
| Total Assets EOY | 839321 | TotalAssetsEOY |
| Total Liabilities BOY | 54486 | TotalLiabilitiesBOY |
| Total Liabilities EOY | 46784 | TotalLiabilitiesEOY |
| Net Assets Or Fund Balances BOY | 737723 | NetAssetsOrFundBalancesBOY |
| Net Assets Or Fund Balances EOY | 792537 | NetAssetsOrFundBalancesEOY |
| Mission Description | READ SERVES AT-RISK KINDERGARTEN AND FIRST GRADE STUDENTS BY RECRUITING AND TRAINING TEENS TO PROVIDE STRUCTURED ONE-TO-ONE TUTORING IN READING. READ IMPACTS TWO AT-RISK POPULATIONSSIMULTANEOUSLY, 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 PROVIDING TEENS WITH THE OPPORTUNITY TO HAVE A POSITIVE DIRECT IMPACT ON THE LIVES OF CHILDREN IN THEIR COMMUNITIES THROUGH MEANINGFUL SERVICE AND JOBS. | MissionDescription |
| Significant New Program Services | 0 | SignificantNewProgramServices |
| Significant Change | 0 | SignificantChange |
| Expense | 1290543 | Expense |
| Description | After School Program - READ PROVIDES AT-RISK KINDERGARTEN AND FIRST GRADE STUDENTS WITH STRUCTURED ONE-TO-ONE TUTORING. READ PROVIDES TEENS WITH FORMAL TRAINING, VOLUNTEER OPPORTUNITIES, AND PAID JOBS AS READING TUTORS TO THEIR YOUNGER PEERS. | Description |
Activity2 Activity2
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expense | 511574 | Expense |
| Description | Summer Program - READ'S SUMMER READING PROGRAM PROVIDES STRUCTURED ONE-TO-ONE TUTORING. SUMMER PROGRAMMING ALSO PROVIDES SUPPLEMENTAL LITERACY INSTRUCTION. IN ADDITION, READ'S SUMMER READING PROGRAM PROVIDES TEENS WITH MEANINGFUL PAID SUMMER JOBS. | Description |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Expense | 1802117 | TotalProgramServiceExpense |
| Described In501 C3 | 1 | DescribedIn501C3 |
| Schedule B Required | 1 | ScheduleBRequired |
| Political Activities | 0 | PoliticalActivities |
| Lobbying Activities | 0 | LobbyingActivities |
| Donor Advised Funds | 0 | DonorAdvisedFunds |
| Conservation Easements | 0 | ConservationEasements |
| Collections Of Art | 0 | CollectionsOfArt |
| Credit Counseling | 0 | CreditCounseling |
| Term Or Permanent Endowments | 0 | TermOrPermanentEndowments |
| Balance Sheet Amounts Reported | 1 | BalanceSheetAmountsReported |
| Independent Audit Financial Stmt | 1 | IndependentAuditFinancialStmt |
| Consolidated Audit Financial Stmt | 0 | ConsolidatedAuditFinancialStmt |
| School | 0 | School |
| Foreign Office | 0 | ForeignOffice |
| Foreign Activities | 0 | ForeignActivities |
| More Than5000 K To Organizations | 0 | MoreThan5000KToOrganizations |
| More Than5000 K To Individuals | 0 | MoreThan5000KToIndividuals |
| Professional Fundraising | 1 | ProfessionalFundraising |
| Fundraising Activities | 1 | FundraisingActivities |
| Gaming | 0 | Gaming |
| Hospital | 0 | Hospital |
| Grants To Organizations | 0 | GrantsToOrganizations |
| Grants To Individuals | 0 | GrantsToIndividuals |
| Schedule J Required | 1 | ScheduleJRequired |
| Tax Exempt Bonds | 0 | TaxExemptBonds |
| Excess Benefit Transaction | 0 | ExcessBenefitTransaction |
| Prior Excess Benefit Transaction | 0 | PriorExcessBenefitTransaction |
| Loan To Officer Or DQP | 0 | LoanToOfficerOrDQP |
| Grant To Related Person | 0 | GrantToRelatedPerson |
| Bsnss Rltnshp With Organization | 0 | BsnssRltnshpWithOrganization |
| Bsnss Rltnshp Thru Family Member | 0 | BsnssRltnshpThruFamilyMember |
| Officer Entity With Bsnss Rltnshp | 0 | OfficerEntityWithBsnssRltnshp |
| Deductible Non Cash Contributions | 0 | DeductibleNonCashContributions |
| Deductible Contributions Of Art | 0 | DeductibleContributionsOfArt |
| Terminated | 0 | Terminated |
| Partial Liquidation | 0 | PartialLiquidation |
| Disregarded Entity | 0 | DisregardedEntity |
| Related Entity | 0 | RelatedEntity |
| Related Org Controlled Entity | 0 | RelatedOrgControlledEntity |
| Transfers To Exempt Non Chrtbl Org | 0 | TransfersToExemptNonChrtblOrg |
| Activities Conducted Partnership | 0 | ActivitiesConductedPartnership |
| Schedule O Required | 1 | ScheduleORequired |
| Number Forms Transmitted With1096 | 5 | NumberFormsTransmittedWith1096 |
| Number W2 G Included | 0 | NumberW2GIncluded |
| Compliance With Backup Witholding | 1 | ComplianceWithBackupWitholding |
| Number Of Employees | 1173 | NumberOfEmployees |
| Employment Tax Returns Filed | 1 | EmploymentTaxReturnsFiled |
| Unrelated Business Income | 0 | UnrelatedBusinessIncome |
| Foreign Financial Account | 0 | ForeignFinancialAccount |
| Prohibited Tax Shelter Trans | 0 | ProhibitedTaxShelterTrans |
| Taxable Party Notification | 0 | TaxablePartyNotification |
| Non Deductible Contributions | 0 | NonDeductibleContributions |
| Quid Pro Quo Contributions | 1 | QuidProQuoContributions |
| Quid Pro Quo Disclosure | 1 | QuidProQuoDisclosure |
| Form8282 Property Disposed Of | 0 | Form8282PropertyDisposedOf |
| Funds To Pay Premiums | 0 | FundsToPayPremiums |
| Premiums Paid | 0 | PremiumsPaid |
| Nbr Voting Governing Body Members | 17 | NbrVotingGoverningBodyMembers |
| Number Independent Voting Members | 17 | NumberIndependentVotingMembers |
| Family Or Business Relationship | 0 | FamilyOrBusinessRelationship |
| Delegation Of Management Duties | 0 | DelegationOfManagementDuties |
| Changes To Organizing Docs | 0 | ChangesToOrganizingDocs |
| Material Diversion Or Misuse | 0 | MaterialDiversionOrMisuse |
| Members Or Stockholders | 0 | MembersOrStockholders |
| Election Of Board Members | 0 | ElectionOfBoardMembers |
| Decisions Subject To Approval | 0 | DecisionsSubjectToApproval |
| Minutes Of Governing Body | 1 | MinutesOfGoverningBody |
| Minutes Of Committees | 1 | MinutesOfCommittees |
| Officer Mailing Address | 0 | OfficerMailingAddress |
| Local Chapters | 0 | LocalChapters |
| Form990 Provided To Governing Body | 1 | Form990ProvidedToGoverningBody |
| Conflict Of Interest Policy | 1 | ConflictOfInterestPolicy |
| Annual Disclosure Covered Persons | 1 | AnnualDisclosureCoveredPersons |
| Regular Monitoring Enforcement | 1 | RegularMonitoringEnforcement |
| Whistleblower Policy | 1 | WhistleblowerPolicy |
| Document Retention Policy | 1 | DocumentRetentionPolicy |
| Compensation Process CEO | 1 | CompensationProcessCEO |
| Compensation Process Other | 1 | CompensationProcessOther |
| Investment In Joint Venture | 0 | InvestmentInJointVenture |
| States Where Copy Of Return Is Filed | NY | StatesWhereCopyOfReturnIsFiled |
| Upon Request | X | UponRequest |
The Books Are In Care Of TheBooksAreInCareOf
Name Business NameBusiness
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | Yvonne Petrasovits | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Telephone Number | 6468676101 | TelephoneNumber |
Address US AddressUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 80 Maiden Lane | AddressLine1 |
| City | NEW YORK | City |
| State | NY | State |
| ZIP Code | 10038 | ZIPCode |
Form990 Part VII Section A Form990PartVIISectionA (20 entries)
| TitleTitle | Average Hours Per WeekAverageHoursPerWeek | Individual Trustee Or DirectorIndividualTrusteeOrDirector | OfficerOfficer | Reportable Comp From OrganizationReportableCompFromOrganization | Reportable Comp From Related OrgsReportableCompFromRelatedOrgs | Other CompensationOtherCompensation |
|---|---|---|---|---|---|---|
| Alain Lebec | ||||||
| chair | 3.50 | X | X | 0 | 0 | 0 |
| Robert S Brown | ||||||
| treasurer | 3.50 | X | X | 0 | 0 | 0 |
| Vincent Alfieri | ||||||
| Secretary | 3.50 | X | X | 0 | 0 | 0 |
| Raquel Fioravanti Baker | ||||||
| trustee | 1.00 | X | 0 | 0 | 0 | |
| Nancy Blackford | ||||||
| trustee | 1.00 | X | 0 | 0 | 0 | |
| Alan Gould | ||||||
| Trustee | 1.00 | X | 0 | 0 | 0 | |
| Samuel Gradess | ||||||
| Trustee | 1.00 | X | 0 | 0 | 0 | |
| barbara hochhauser | ||||||
| trustee | 1.00 | X | 0 | 0 | 0 | |
| Fern Lazar | ||||||
| Trustee | 1.00 | X | 0 | 0 | 0 | |
| Sheila Murphy | ||||||
| trustee | 1.00 | X | 0 | 0 | 0 | |
| amanda neville | ||||||
| trustee | 1.00 | X | 0 | 0 | 0 | |
| Sonia Ortiz-Gulardo | ||||||
| trustee | 1.00 | X | 0 | 0 | 0 | |
| gordon a paris | ||||||
| trustee | 1.00 | X | 0 | 0 | 0 | |
| patrick ramsey | ||||||
| trustee | 1.00 | X | 0 | 0 | 0 | |
| Mark Ravesloot | ||||||
| trustee | 1.00 | X | 0 | 0 | 0 | |
| tom regan | ||||||
| trustee | 1.00 | X | 0 | 0 | 0 | |
| alfred sikes | ||||||
| trustee | 1.00 | X | 0 | 0 | 0 | |
| george irish | ||||||
| trustee | 1.00 | X | 0 | 0 | 0 | |
| Yvonne Petrasovits | ||||||
| president | 40.00 | X | 151693 | 0 | 6807 | |
| Lavinia mancuso | ||||||
| vice President | 40.00 | X | 93028 | 0 | 0 | |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | 244721 | TotalReportableCompFromOrg |
| Total Reportable Comp Frm Rltd Orgs | 0 | TotalReportableCompFrmRltdOrgs |
| Total Other Compensation | 6807 | TotalOtherCompensation |
| Number Individuals GT100 K | 1 | NumberIndividualsGT100K |
| Formers Listed | 0 | FormersListed |
| Total Comp GT150 K | 1 | TotalCompGT150K |
| Compensation From Other Sources | 0 | CompensationFromOtherSources |
| Number Of Contractors GT100 K | 0 | NumberOfContractorsGT100K |
| Fundraising Events | 401099 | FundraisingEvents |
| Government Grants | 415264 | GovernmentGrants |
| All Other Contributions | 1443841 | AllOtherContributions |
| Noncash Contributions | 10150 | NoncashContributions |
| Total Contributions | 2260204 | TotalContributions |
Investment Income InvestmentIncome
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 1424 | TotalRevenueColumn |
| Exclusion | $1,424 | ExclusionAmount |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Income Fundraising Events | 16575 | GrossIncomeFundraisingEvents |
| Cntrbtns Rprtd Fundraising Events | 401099 | CntrbtnsRprtdFundraisingEvents |
| Fundraising Direct Expenses | 41270 | FundraisingDirectExpenses |
Net Income From Fundraising Events NetIncomeFromFundraisingEvents
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | -24695 | TotalRevenueColumn |
| Exclusion | -$24,695 | ExclusionAmount |
Total Revenue TotalRevenue
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 2236933 | TotalRevenueColumn |
| Related Or Exempt Function Income | 0 | RelatedOrExemptFunctionIncome |
| Unrelated Business Revenue | 0 | UnrelatedBusinessRevenue |
| Exclusion | -$23,271 | ExclusionAmount |
Comp Current Officers Directors CompCurrentOfficersDirectors
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 257807 | Total |
| Program Services | 200800 | ProgramServices |
| Management And General | 32679 | ManagementAndGeneral |
| Fundraising | 24328 | Fundraising |
Other Salaries And Wages OtherSalariesAndWages
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 1143973 | Total |
| Program Services | 1012800 | ProgramServices |
| Management And General | 41293 | ManagementAndGeneral |
| Fundraising | 89880 | Fundraising |
Other Employee Benefits OtherEmployeeBenefits
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 102943 | Total |
| Program Services | 86466 | ProgramServices |
| Management And General | 7539 | ManagementAndGeneral |
| Fundraising | 8938 | Fundraising |
Payroll Taxes PayrollTaxes
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 119786 | Total |
| Program Services | 99302 | ProgramServices |
| Management And General | 9810 | ManagementAndGeneral |
| Fundraising | 10674 | Fundraising |
Fees For Services Legal FeesForServicesLegal
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 2476 | Total |
| Management And General | 2476 | ManagementAndGeneral |
Fees For Services Accounting FeesForServicesAccounting
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 46626 | Total |
| Management And General | 46626 | ManagementAndGeneral |
Fees For Services Prof Fundraising FeesForServicesProfFundraising
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 30000 | Total |
| Fundraising | 30000 | Fundraising |
Fees For Services Other FeesForServicesOther
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 32161 | Total |
| Program Services | 17656 | ProgramServices |
| Fundraising | 14505 | Fundraising |
Advertising Advertising
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 12272 | Total |
| Program Services | 5598 | ProgramServices |
| Management And General | 6211 | ManagementAndGeneral |
| Fundraising | 463 | Fundraising |
Office Expenses OfficeExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 170245 | Total |
| Program Services | 150671 | ProgramServices |
| Management And General | 8973 | ManagementAndGeneral |
| Fundraising | 10601 | Fundraising |
Occupancy Occupancy
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 165646 | Total |
| Program Services | 142689 | ProgramServices |
| Management And General | 9312 | ManagementAndGeneral |
| Fundraising | 13645 | Fundraising |
Travel Travel
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 11965 | Total |
| Program Services | 10537 | ProgramServices |
| Management And General | 580 | ManagementAndGeneral |
| Fundraising | 848 | Fundraising |
Depreciation Depletion DepreciationDepletion
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 41773 | Total |
| Program Services | 35984 | ProgramServices |
| Management And General | 2348 | ManagementAndGeneral |
| Fundraising | 3441 | Fundraising |
Insurance Insurance
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 18058 | Total |
| Program Services | 15556 | ProgramServices |
| Management And General | 1014 | ManagementAndGeneral |
| Fundraising | 1488 | Fundraising |
Other Expenses OtherExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Description | MISCELLANEOUS | Description |
| Total | 26388 | Total |
| Program Services | 24058 | ProgramServices |
| Management And General | 1438 | ManagementAndGeneral |
| Fundraising | 892 | Fundraising |
Total Functional Expenses TotalFunctionalExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 2182119 | Total |
| Program Services | 1802117 | ProgramServices |
| Management And General | 170299 | ManagementAndGeneral |
| Fundraising | 209703 | Fundraising |
Cash Non Interest Bearing CashNonInterestBearing
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 600 | BOY |
| EOY | 6315 | EOY |
Savings And Temp Cash Investments SavingsAndTempCashInvestments
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 521611 | BOY |
| EOY | 583419 | EOY |
Pledges And Grants Receivable PledgesAndGrantsReceivable
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 165342 | BOY |
| EOY | 155067 | EOY |
Prepaid Expenses Deferred Charges PrepaidExpensesDeferredCharges
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 15661 | BOY |
| EOY | 23859 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Land Buildings Equipment Basis | 218291 | LandBuildingsEquipmentBasis |
| Land Bldg Equipment Accum Deprec | 170497 | LandBldgEquipmentAccumDeprec |
Land Buildings Equipment Basis Net LandBuildingsEquipmentBasisNet
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 66128 | BOY |
| EOY | 47794 | EOY |
Other Assets Total OtherAssetsTotal
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 22867 | BOY |
| EOY | 22867 | EOY |
Total Assets TotalAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 792209 | BOY |
| EOY | 839321 | EOY |
Accounts Payable Accrued Expenses AccountsPayableAccruedExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 45986 | BOY |
| EOY | 46784 | EOY |
Other Liabilities OtherLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 8500 | BOY |
| EOY | 0 | EOY |
Total Liabilities TotalLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 54486 | BOY |
| EOY | 46784 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Follow SFAS117 | X | FollowSFAS117 |
Unrestricted Net Assets UnrestrictedNetAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 737723 | BOY |
| EOY | 771702 | EOY |
Temporarily Restricted Net Assets TemporarilyRestrictedNetAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| EOY | 20835 | EOY |
Total Net Assets Fund Balances TotalNetAssetsFundBalances
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 737723 | BOY |
| EOY | 792537 | EOY |
Total Liab Net Assets Fund Balances TotalLiabNetAssetsFundBalances
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 792209 | BOY |
| EOY | 839321 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Method Of Accounting Accrual | X | MethodOfAccountingAccrual |
| Accountant Compile Or Review | 0 | AccountantCompileOrReview |
| FS Audited | 1 | FSAudited |
| Audit Committee | 1 | AuditCommittee |
| Financial Statement Separate | X | FinancialStatementSeparate |
| Federal Grant Audit Required | 0 | FederalGrantAuditRequired |
Schedule A IRS990ScheduleA
| Field | Value | IRS element (for citing) |
|---|---|---|
| Publicly Supported Org170b1 Avi | X | PubliclySupportedOrg170b1Avi |
Gifts Grants Contrib Received170 GiftsGrantsContribReceived170
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | 1589468 | CurrentTaxYearMinus4Years |
| Current Tax Year Minus3 Years | 1836594 | CurrentTaxYearMinus3Years |
| Current Tax Year Minus2 Years | 2310572 | CurrentTaxYearMinus2Years |
| Current Tax Year Minus1 Year | 1884491 | CurrentTaxYearMinus1Year |
| Current Tax Year | 2260204 | CurrentTaxYear |
| Total | 9881329 | Total |
Total170 Total170
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | 1589468 | CurrentTaxYearMinus4Years |
| Current Tax Year Minus3 Years | 1836594 | CurrentTaxYearMinus3Years |
| Current Tax Year Minus2 Years | 2310572 | CurrentTaxYearMinus2Years |
| Current Tax Year Minus1 Year | 1884491 | CurrentTaxYearMinus1Year |
| Current Tax Year | 2260204 | CurrentTaxYear |
| Total | 9881329 | Total |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Amounts Subst Contributors Total | 885407 | AmountsSubstContributorsTotal |
| Public Support Total170 | 8995922 | PublicSupportTotal170 |
Gross Investment Income170 GrossInvestmentIncome170
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | 21271 | CurrentTaxYearMinus4Years |
| Current Tax Year Minus3 Years | 30440 | CurrentTaxYearMinus3Years |
| Current Tax Year Minus2 Years | 15518 | CurrentTaxYearMinus2Years |
| Current Tax Year Minus1 Year | 5347 | CurrentTaxYearMinus1Year |
| Current Tax Year | 1424 | CurrentTaxYear |
| Total | 74000 | Total |
Other Income170 OtherIncome170
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | 3929 | CurrentTaxYearMinus4Years |
| Current Tax Year Minus3 Years | 21871 | CurrentTaxYearMinus3Years |
| Current Tax Year Minus2 Years | 10203 | CurrentTaxYearMinus2Years |
| Current Tax Year Minus1 Year | 7500 | CurrentTaxYearMinus1Year |
| Current Tax Year | 16575 | CurrentTaxYear |
| Total | 60078 | Total |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Support | 10015407 | TotalSupport |
| Public Support Pertcentage170 | 0.89820 | PublicSupportPertcentage170 |
| Public Support Pertcent Prior Year | 0.89920 | PublicSupportPertcentPriorYear |
| Thirty Three Percnt Tests CY170 | X | ThirtyThreePercntTestsCY170 |
| General Explanation | Schedule A, Part II, Line 10, Explanation of Other Income: Miscellaneous Special Event Income | GeneralExplanation |
Schedule B IRS990ScheduleB
Contributor Info ContributorInfo
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contributor Number | RESTRICTED | ContributorNumber |
Contributor Name Business ContributorNameBusiness
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | RESTRICTED | BusinessNameLine1 |
Contributor Address US ContributorAddressUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | RESTRICTED | AddressLine1 |
| Address Line2 | RESTRICTED | AddressLine2 |
| City | RESTRICTED | City |
| State | RESTRICTED | State |
| ZIP Code | RESTRICTED | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Aggregate Contributions | RESTRICTED | AggregateContributions |
Schedule D IRS990ScheduleD
Equipment Equipment
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 218291 | OtherCostOrOtherBasis |
| Depreciation | 170497 | Depreciation |
| Book Value | 47794 | BookValue |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Book Value Land Buildings | 47794 | TotalOfBookValueLandBuildings |
| Total Revenue | 2236933 | TotalRevenue |
| Total Expenses | 2182119 | TotalExpenses |
| Excess Or Deficit For Year | 54814 | ExcessOrDeficitForYear |
| Total Adjustments | 0 | TotalAdjustments |
| Excess Or Deficit Per FS | 54814 | ExcessOrDeficitPerFS |
| Tot Revenue Etc Audited Fincl Stmt | 2355468 | TotRevenueEtcAuditedFinclStmt |
| Donated Srvc And Use Of Facilities | 118535 | DonatedSrvcAndUseOfFacilities |
| Revenue Not Rptd F990 | 118535 | RevenueNotRptdF990 |
| Revenue Subtotal | 2236933 | RevenueSubtotal |
| Revenue Not Rptd On Fin Stmt | 0 | RevenueNotRptdOnFinStmt |
| Total Revenue Per Form990 | 2236933 | TotalRevenuePerForm990 |
| Tot Expenses Etc Audited Fincl Stmt | 2300654 | TotExpensesEtcAuditedFinclStmt |
| Donated Services Use Of Facilities | 118535 | DonatedServicesUseOfFacilities |
| Expenses Not Rptd F990 | 118535 | ExpensesNotRptdF990 |
| Expenses Subtotal | 2182119 | ExpensesSubtotal |
| Expenses Not Rptd On Fin Stmt | 0 | ExpensesNotRptdOnFinStmt |
| Total Expenses Per Form990 | 2182119 | TotalExpensesPerForm990 |
Form990 Schedule D Part XIV Form990ScheduleDPartXIV
| Field | Value | IRS element (for citing) |
|---|---|---|
| Identifier | Part X: | Identifier |
| Return Reference | Description of Uncertain Tax Positions Under FIN 48: | ReturnReference |
| Explanation | Effective September 1, 2009, READ adopted the provision pertaining to uncertain tax positions (ASC Topic 740) and has determined that there are no material uncertain tax positions that require recognition or disclosure in the financial statements. Tax returns for the years ended August 31, 2007 and subsequent remain subject to examination by applicable taxing authorities. | Explanation |
Schedule G IRS990ScheduleG
| Field | Value | IRS element (for citing) |
|---|---|---|
| Mail Solicitations | X | MailSolicitations |
| Email Solicitations | X | EmailSolicitations |
| Phone Solicitations | X | PhoneSolicitations |
| In Person Solicitations | X | InPersonSolicitations |
| Solicitation Of Non Govt Grants | X | SolicitationOfNonGovtGrants |
| Solicitation Of Govt Grants | X | SolicitationOfGovtGrants |
| Special Fundraising Events | X | SpecialFundraisingEvents |
| Agreement Ref Fundraising | 1 | AgreementRefFundraising |
Fundraiser Activity Information FundraiserActivityInformation
Name Of Organization NameOfOrganization
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | Susan Ulin Associates Ltd | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Activity | Consults on fundraising event | Activity |
| Fundraiser Control Of Funds | 0 | FundraiserControlOfFunds |
| Gross Receipts | 417674 | GrossReceipts |
| Amount Retained By Contractor | 30000 | AmountRetainedByContractor |
| Net To Organization | 387674 | NetToOrganization |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Gross Receipts | 417674 | TotalGrossReceipts |
| Total Retained By Contractors | 30000 | TotalRetainedByContractors |
| Total Net To Organization | 387674 | TotalNetToOrganization |
| Licensed States | NY | LicensedStates |
Events Information EventsInformation
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Of Event1 | annual benefit | NameOfEvent1 |
| Gross Receipts Event1 | 417674 | GrossReceiptsEvent1 |
| Charitable Contributions Event1 | 401099 | CharitableContributionsEvent1 |
| Gross Revenue Event1 | 16575 | GrossRevenueEvent1 |
| Rent Facility Costs Event1 | 9000 | RentFacilityCostsEvent1 |
| Food And Beverage Event1 | 16476 | FoodAndBeverageEvent1 |
| Entertainment Event1 | 458 | EntertainmentEvent1 |
| Other Direct Expenses Event1 | 15336 | OtherDirectExpensesEvent1 |
| Gross Receipts Total | 417674 | GrossReceiptsTotal |
| Charitable Contributions Total | 401099 | CharitableContributionsTotal |
| Gross Revenue Total Events | 16575 | GrossRevenueTotalEvents |
| Rent Facility Costs Total Events | 9000 | RentFacilityCostsTotalEvents |
| Food And Beverage Total Events | 16476 | FoodAndBeverageTotalEvents |
| Entertainment Total Events | 458 | EntertainmentTotalEvents |
| Other Direct Expenses Total Events | 15336 | OtherDirectExpensesTotalEvents |
| Direct Expense Summary Events | 41270 | DirectExpenseSummaryEvents |
| Net Income Summary | -24695 | NetIncomeSummary |
Schedule J IRS990ScheduleJ
| Field | Value | IRS element (for citing) |
|---|---|---|
| Compensation Committee | X | CompensationCommittee |
| Form990 Of Other Organizations | X | Form990OfOtherOrganizations |
| Compensation Survey | X | CompensationSurvey |
| Board Or Committee Approval | X | BoardOrCommitteeApproval |
| Severance Payment | 0 | SeverancePayment |
| Supplemental Nonqual Retire Plan | 0 | SupplementalNonqualRetirePlan |
| Equity Based Comp Arrangement | 0 | EquityBasedCompArrangement |
| Comp Based On Revenue Of Filing Org | 0 | CompBasedOnRevenueOfFilingOrg |
| Comp Based On Revenue Related Orgs | 0 | CompBasedOnRevenueRelatedOrgs |
| Comp Based Net Earnings Filing Org | 0 | CompBasedNetEarningsFilingOrg |
| Comp Based Net Earnings Relate Orgs | 0 | CompBasedNetEarningsRelateOrgs |
| Any Non Fixed Payments | 0 | AnyNonFixedPayments |
| Initial Contract Exception | 0 | InitialContractException |
Form990 Schedule J Part II Form990ScheduleJPartII
Name Business NameBusiness
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | Yvonne Petrasovits | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Base Compensation Filing Org | 151693 | BaseCompensationFilingOrg |
| Comp Based On Related Orgs | 0 | CompBasedOnRelatedOrgs |
| Bonus Filing Org | 0 | BonusFilingOrg |
| Bonus Related Orgs | 0 | BonusRelatedOrgs |
| Other Compensation Filing Org | 0 | OtherCompensationFilingOrg |
| Other Compensation Related Orgs | 0 | OtherCompensationRelatedOrgs |
| Deferred Comp Filing Org | 0 | DeferredCompFilingOrg |
| Deferred Comp Related Orgs | 0 | DeferredCompRelatedOrgs |
| Nontaxable Benefits Filing Org | 6807 | NontaxableBenefitsFilingOrg |
| Nontaxable Benefits Related Orgs | 0 | NontaxableBenefitsRelatedOrgs |
| Total Compensation Filing Org | 158500 | TotalCompensationFilingOrg |
| Total Compensation Related Orgs | 0 | TotalCompensationRelatedOrgs |
| Comp Report Prior990 Filing Org | 0 | CompReportPrior990FilingOrg |
| Comp Report Prior990 Related Orgs | 0 | CompReportPrior990RelatedOrgs |
Schedule O IRS990ScheduleO
General Explanation GeneralExplanation (5 entries)
| IdentifierIdentifier | ExplanationExplanation |
|---|---|
| Form 990, Part VI, Section B, line 11 | An electronic copy of the draft of the form 990 will be distributed to the organization's governing body prior to its filing. All the members of the governing board will review the 990 and it will not be filed with the irs prior to their authorization. |
| Form 990, Part VI, Section B, line 12c | READ has developed its conflict of interest policy and periodically reviews the policy to ensure that all its directors and officers continue to act in compliance with applicable laws and to deal with all persons doing business with READ appropriately. These policies are guidelines to protect READ'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 nonprofit 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. Procedures for Addressing the Conflict of Interest a. The President of READ 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 President or the Finance Committee shall determine whether READ can obtain a more advantageous transaction or arrangement with reasonable efforts from a person or entity that would give not 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 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 President 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 and may be warranted in the circumstances, the Board or committee determines that the members has in fact failed to disclose an actual 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 and understands the policy c. Has agreed to comply with the policy d. Understands that READ 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 15 | READ's Finance Committee and Board chair determines the compensation for the president and vice president using data obtained from the 990 of other organizations. The deliberation and decision is recorded in the minutes of the finance committee. The process was last undertaken in 2009. |
| Form 990, Part VI, Section C, line 19 | READ's governing documents, conflict of interest policy and financial statements are available upon request. |
| form 990, part xi, line 2c: | The process has not changed since prior year. |
Comments