2026-05-08T13:07:48-05:00 2025-06-30 SMITH & HOWARD ADVISORY LLC 271 17TH STREET NW SUITE 2100 ATLANTA GA 30363 990 2024-07-01 465228845 READSOURCE INC % RYAN HUDAK READ 4042522591 282 MOUNT PARAN ROAD ATLANTA GA 30327 DR KARA LOFTIN Executive Director 4042522591 2026-05-15 true true SABRE J LINAHAN P01372980 4048746244 2026-05-15 2024 2025-03-06 01:10:19Z DR KARA LOFTIN 282 MOUNT PARAN ROAD ATLANTA GA 30327 873006 false X HTTPS://READSOURCE.COM/ X 2013 GA EMPOWERING COMMUNITIES TO SERVE STRUGGLING LEARNERS. 23 23 0 23 0 154023 209926 824192 649886 0 11494 -19581 1700 958634 873006 0 0 0 0 1131580 960685 0 0 55034 198319 141842 1329899 1102527 -371265 -229521 1528711 1200058 214568 115436 1314143 1084622 X EMPOWERING COMMUNITIES TO SERVE STRUGGLING LEARNERS. false false 519177 401386 TEACHER TRAINING: 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 323624 250200 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. 8772 0 ADULT DYSLEXIA PROGRAM: FOUNDED TO EXTEND THE ORTON-GILLINGHAM APPROACH TO ADULT LEARNERS, THIS PROGRAM PROVIDES SPECIALIZED LITERACY INSTRUCTION TO DYSLEXIC ADULTS. BY EQUIPPING ADULTS WITH ESSENTIAL READING SKILLS, THE PROGRAM SEEKS TO IMPROVE EDUCATIONAL OUTCOMES AND QUALITY OF LIFE FOR INDIVIDUALS WITHIN THE STATE AND NATIONAL COMMUNITY. 0 0 S.H.I.N.E. TUTORING PROGRAM 0 0 851573 true true false false false false false false false true false false false true false true false false false false false false false false 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 23 23 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 Kara Loftin Head of School 10.0 30.0 X 0 338602 69198 LORETTA EDMOND MANAGING DIRECTOR 40.0 0.0 X 0 97936 16928 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 2.0 X 0 0 0 Elizabeth Miller Tucker Trustee 1.0 5.0 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 Chair of Committee on 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 Chair of Advancement Committee 1.0 2.0 X 0 0 0 Adam Webb Trustee 1.0 2.0 X 0 0 0 Burch Hanson Trustee 1.0 2.0 X 0 0 0 Jessica Jones Trustee 1.0 2.0 X 0 0 0 Robyn Curnow Trustee 1.0 2.0 X 0 0 0 Susan Armstrong Trustee 1.0 2.0 X 0 0 0 0 436538 86126 0 false true false 0 209926 14931 209926 TEACHING & TRAINING INCOME 611430 401386 401386 DIRECT REMEDIATION SERVICES 611430 248500 248500 649886 11494 11494 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 CREDIT CARD REBATE 1700 1700 1700 873006 651586 11494 0 0 0 0 0 0 859767 687814 128965 42988 0 36144 28915 5422 1807 64774 51819 9716 3239 210 210 3737 3737 23000 23000 0 0 0 0 27784 26874 910 7932 7590 342 32423 24647 7228 548 0 3952 2032 1920 3503 3503 0 1006 805 201 0 0 5796 5796 0 ORGANIZATIONAL EXPENSES 13848 9001 4847 STAFF DEVELOPMENT 7284 3642 3642 CREDIT CARD FEES 4054 3648 203 203 MISCELLANEOUS EXPENSES 1974 1283 691 5339 5339 1102527 851573 195920 55034 X 1245857 1170589 0 0 83333 0 167716 3460 0 0 0 0 0 0 0 0 461 461 46720 21172 31344 25548 0 0 0 0 0 0 0 0 0 0 1528711 1200058 130916 57462 0 0 83652 57974 0 0 0 0 0 0 0 0 0 0 0 0 214568 115436 X 1230810 1084622 83333 0 1314143 1084622 1528711 1200058 -229521 X false true X true false X X X 1 THE SCHENCK SCHOOL 580958208 2 true 0 0 1 0 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 17838 3882 25000 3334 21666 25548 0 0 X 1116381 243375 243375 873006 873006 1345902 243375 243375 1102527 1102527 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, 2022. false false false false false false false false false Kara Loftin Head of School 338602 0 0 20730 49034 408366 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 III, LINE 4D S.H.I.N.E. TUTORING PROGRAM: THIS PROGRAM PROVIDES INTENSIVE, ONE-ON-ONE REMEDIATION AT NO COST TO METRO-ATLANTA STUDENTS AGES 5-15 WITH DOCUMENTED READING CHALLENGES AND FINANCIAL NEED. UTILIZING VOLUNTEER TUTORS TRAINED IN THE RESEARCH-BASED ORTON-GILLINGHAM APPROACH, THE PROGRAM EMPOWERS STUDENTS FROM UNDER-RESOURCED COMMUNITIES TO BECOME CONFIDENT, PROFICIENT READERS. 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 false false false false false false false false false false true true false false false The Schenck School C 26766 See Part VII The Schenck School O 94192 See Part VII The Schenck School P 1083982 See Part VII Method Involved Transaction Type C: Equal allocation of joint contributions (shared board). Transaction Type O: Proportional share of personnel expenses determined by employee time allocation. Transaction Type P: Reimbursement of actual out-of-pocket costs.