EIN 13-4091062

Read Alliance

IRS 501(c) type
501(c)(3)
Num. employees
829
Year formed
1999
Most recent tax filings
2019-08
Financials as of 2019-08
Revenues
$2.2m
+$152k
7.4%
 
$1m: Grants & donations
 
$503k: Fund event contrib
 
$304k: Govt grants
Expenses
$2.2m
+$291k
14.9%
 
$1m: Salaries, non-officers
 
$305k: Comp, officers
 
$212k: Occup
 
$651k: Misc other expenses
Assets
$1.6m
+$165k
11.7%
 
$756k: Savings
 
$348k: Grants receiv
 
$242k: Other assets
 
$229k: Misc other assets
Liabilities
$259.7k
+$199k
326.1%
 
$235k: Accts pay
 
$24k: Other lia
Description
Read Alliance works to improve the educational trajectory of at-risk kindergarten and first grade students through one-to-one tutoring in foundational reading skills.
Also known as...
Reading Excellence and Discovery Foundation

Program areas at Read Alliance

AFTER-SCHOOL PROGRAM - 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. DURING SCHOOL YEAR 2018-2019, READ SERVED 886 STUDENTS, AND THE AVERAGE READING GAIN WAS 1.17 GRADE LEVELS. READ PROVIDES TEENS WITH FORMAL TRAINING, VOLUNTEER OPPORTUNITIES, AND PAID JOBS AS individual reading tutors for THEIR YOUNGER PEERS. DURING SCHOOL YEAR 2018-2019, 851 TEENS WORKED AS READ TEEN LEADERS.
Summer program - Read's summer reading program provides structured one-to-one tutoring, as well as instruction in listening, speaking,writing and art. During summer 2019, Read served 109 students, and the average reading gain was 0.83 grade levels. In addition, Read's summer reading program provides teens with meaningful paid summer employment. During summer 2019, 90 teens worked as teen leaders.

Form 990s for Read Alliance

Fiscal year endingDate received by IRSFormPDF link
2019-082021-01-14990View PDF
2018-082019-09-14990View PDF
2017-082018-05-14990View PDF
2016-082017-10-23990View PDF
2015-082016-07-28990View PDF
...and 5 more Form 990s

Who funds Read Alliance

Grants from foundations and other nonprofits
GrantmakerGrantmaker tax periodDescriptionAmount
Flom Family Foundation2018-12Support Expansion of the Read Alliance Program for At-Risk, Early Elementary Students$200,000
 Subscribe to view2018-12████ █ ██████$░░,░░░
 Subscribe to view2019-06██ ███ ██████ ███ ████$░░,░░░
...and 18 more grants received

Financials for Read Alliance

RevenuesFYE 08/2019
Total grants, contributions, etc.$2,227,383
Program services$0
Investment income and dividends$5,915
Tax-exempt bond proceeds$0
Royalty revenue$0
Net rental income$6,177
Net gain from sale of non-inventory assets$0
Net income from fundraising events$-38,896
Net income from gaming activities$0
Net income from sales of inventory$0
Miscellaneous revenues$9,296
Total revenues$2,209,875

Personnel at Read Alliance

NameTitleCompensationDate of data
Katy Knight+Chief Program Officer2020-08-09
Yvette RussellChief Program Officer .$99,9482020-08-09
Danielle GuindoExecutive Director$69,9612021-01-14
 Subscribe to viewDirector of Development$102,6962019-08-31
 Subscribe to viewPast Executive Director$86,2682019-08-31
...and 6 more key personnel
Nonprofit Types
Issues
Characteristics
Key performance indicators
Total revenues
$2,209,875
2019
Yearly growth
7.4%
% of revenues
n/a
Total expenses
$2,243,111
2019
Yearly growth
14.9%
% of expenses
n/a
Total assets
$1,576,057
2019
Yearly growth
11.7%
% of assets
n/a
Num. employees
829
2019
Yearly growth
-12.5%
% of total
n/a
General information
Address
160 Broadway 8th Fl East Building
New York, NY10038
Metro area
New York-Newark-Jersey City, NY-NJ-PA
Website URL
readalliance.org/ 
Phone
(646) 867-6100
Facebook page
readalliance 
Twitter profile
@readalliance 
IRS details
Fiscal year end
August
Taxreturn type
Form 990
Year formed
1999
Eligible to receive tax-deductible contributions (Pub 78)
Yes
Categorization
NTEE code, primary
B92: Remedial Reading, Reading Encouragement Programs
NAICS code, primary
813319: Social Advocacy Organizations
Parent/child status
Independent
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