ReadWorks is a educational service provider based in Brooklyn, NY that was founded in 1990. As of 2018 they had $2.1 million in revenue and $1.0 million in assets.
ReadWorks is committed to solving our nation's reading comprehension crisis and closing the achievement gap. We engage directly with teachers and instructional leaders, using research-proven curriculum and instructional practices, and innovative techn...
Previous legal names or variations of their name include: Urban Education Exchange.
EIN:
13-3593812
City:
State:
Metro:
Website:
Founded:
1990
Type:
501(c)(3)
NTEE:
Revenue:
$2,134,448
Assets:
$1,053,947
Employees:
15
Fiscal year end:
August
Program areas at ReadWorks
Readworks provides research-based reading comprehension curriculum and guidance directly to teachers and instructional leaders, online, to be shared broadly.Readworks is now supporting over 1.1 million teachers in more than 89,000 schools throughout the U.S., to help them improve their effectiveness and the academic achievement of their students in reading comprehension.
Form 990s for ReadWorks
| Fiscal year ending | Date received by IRS | Form | PDF link |
|---|
| 2018-08 | Oct 12, 2019 | 990 | View PDF |
| 2017-08 | Oct 16, 2018 | 990 | View PDF |
| 2016-08 | Oct 20, 2017 | 990 | View PDF |
| 2015-08 | Oct 21, 2016 | 990 | View PDF |
| 2014-08 | Jul 8, 2015 | 990 | View PDF |
| ...and four more Form 990 PDFs |
Financials for ReadWorks
| Field | 2018 | 2017 | % Change |
|---|
| Federated campaigns | $0 | $0 | |
| Membership dues | $0 | $0 | |
| Fundraising event contributions | $0 | $0 | |
| Related organizations | $0 | $0 | |
| Government grants (contributions) | $0 | $0 | |
| Normal grants, contributions, etc. | $1,816,753 | $2,150,379 | -15.5% |
| <em>Non-cash contributions included in above</em> | $221,044 | $220,593 | 0.2% |
| Total grants, contributions, etc. | $1,816,753 | $2,150,379 | -15.5% |
| Field | 2018 | 2017 | % Change |
|---|
| Total grants, contributions, etc. | $1,816,753 | $2,150,379 | -15.5% |
| Program services | $311,784 | $329,712 | -5.4% |
| Investment income and dividends | $5,093 | $4,235 | 20.3% |
| Tax-exempt bond proceeds | $0 | $0 | |
| Royalty revenue | $0 | $0 | |
| Net rental income | $0 | $0 | |
| Net gain from sale of non-inventory assets | $0 | $0 | |
| Net income from fundraising events | $0 | $0 | |
| Net income from gaming activities | $0 | $0 | |
| Net income from sales of inventory | $0 | $0 | |
| Miscellaneous revenues | $818 | $4,453 | -81.6% |
| Total revenues | $2,134,448 | $2,488,779 | -14.2% |
| Field | 2018 | 2017 | % Change |
|---|
| Grants to govts. and orgs. in USA | $0 | $0 | |
| Grants to individuals in USA | $0 | $0 | |
| Grants to govts., orgs., and individuals outside USA | $0 | $0 | |
| Benefits paid to or for members | $0 | $0 | |
| Compensation of current officers, etc. | $262,863 | $207,758 | 26.5% |
| Compensation not included above, to disqualified persons | $0 | $0 | |
| Non-officer salaries and wages | $846,738 | $829,904 | 2.0% |
| Pension/retirement accruals and contributions | $0 | $0 | |
| Other employee benefits | $72,046 | $63,667 | 13.2% |
| Payroll taxes | $63,667 | $71,229 | -10.6% |
| Management fees | $0 | $0 | |
| Legal fees | $0 | $0 | |
| Accounting fees | $0 | $0 | |
| Lobbying fees | $0 | $0 | |
| Pro. fundraising fees | $0 | $0 | |
| Investment mgmt fees | $0 | $0 | |
| Other fee-for-service | $554,597 | $682,588 | -18.8% |
| Advertising and promotion | $0 | $0 | |
| Office expenses | $4,903 | $6,969 | -29.6% |
| Information tech. expenses | $6,043 | $6,172 | -2.1% |
| Royalty expenses | $0 | $0 | |
| Occupancy | $69,604 | $67,113 | 3.7% |
| Travel | $4,099 | $14,350 | -71.4% |
| Public official travel and entertainment | $0 | $0 | |
| Conferences, meetings, etc. | $0 | $0 | |
| Interest | $0 | $0 | |
| Payments to affiliates | $0 | $0 | |
| Depreciation, amortization, etc. | $206,232 | $205,938 | 0.1% |
| Insurance | $18,982 | $9,949 | 90.8% |
| All other expenses | $98,404 | $22,608 | 335.3% |
| Total expenses | $2,208,178 | $2,188,245 | 0.9% |
| Field | 2018 | 2017 | % Change |
|---|
| Cash (non-interest-bearing) | $352,079 | $91,397 | 285.2% |
| Savings, short-term investments, etc. | $161,976 | $263,416 | -38.5% |
| Pledges and grants receivable | $200,000 | $269,000 | -25.7% |
| Accounts receivable | $0 | $0 | |
| Loans receivable from officers, directors, etc. | $0 | $0 | |
| Loans receivable from other disqualified persons | $0 | $0 | |
| Notes and loans receivable | $0 | $0 | |
| Inventories for use | $0 | $0 | |
| Prepaid expenses and deferred charges | $14,331 | $14,052 | 2.0% |
| Buildings, equipment, etc. post-depreciation | $107,610 | $311,383 | -65.4% |
| Investments, publicly traded securities | $209,151 | $208,815 | 0.2% |
| Investments, other securities | $0 | $0 | |
| Investments, program-related | $0 | $0 | |
| Intangible assets | $0 | $0 | |
| Other assets | $8,800 | $8,800 | 0% |
| Total assets | $1,053,947 | $1,166,863 | -9.7% |
| Field | 2018 | 2017 | % Change |
|---|
| Accounts payable and accrued expenses | $53,149 | $61,661 | -13.8% |
| Grants payable | $0 | $0 | |
| Deferred revenue | | $24,188 | 999% |
| Tax-exempt bond liabilities | $0 | $0 | |
| Escrow or custodial account liability | $0 | $0 | |
| Loans payable to officers and disqualified persons | $0 | $0 | |
| Secured mortgages and notes payable to unrelated third parties | $0 | $0 | |
| Unsecured notes and loans payable to unrelated third parties | $0 | $0 | |
| Other liabilities | $0 | $0 | |
| Total liabilities | $53,149 | $85,849 | -38.1% |
| Field | 2018 | 2017 | % Change |
|---|
| Unrestricted net assets | $800,798 | $706,482 | 13.4% |
| Temporarily restricted net assets | $200,000 | $374,532 | -46.6% |
| Permanently restricted net assets | $0 | $0 | |
Vendors for ReadWorks
| Vendor | Services | Amount paid | Date |
|---|
| Google Inc | Software | | 2020-03-16 |
| ██████ | Fundraising software | | 2020-03-02 |
| ███████ ███ ████ | Fundraising software; Payment processing | | 2020-03-02 |
| ██████████ | CRM software | | 2020-03-02 |
| ████████ | Fundraising software | | 2020-03-02 |
| ██████ ███ █████████ ████ | Tax accounting | | 2019-09-13 |
| █████ ███████ | Technology Engineer | $138,710 | 2018-08-01 |
| █████ ██████ █████████ | Fundraising Develop | $111,352 | 2018-08-01 |
Personnel at ReadWorks
| Name | Title | Compensation | Most recent data |
|---|
| Terry G. Bowman | Executive Director | - | Sept. 13, 2019 |
| Kathy Bloomfield | Director of Operations | $179,927 | Oct. 29, 2018 |
| ███████ █████ | Director of Content and Curriculum | - | Oct. 25, 2018 |
| █████ ██ ███████ | Chair | $0 | Aug. 10, 2019 |
| ██████ ██ █████ | Treasurer | $0 | Aug. 10, 2019 |
| ██████ ██ █████████ ███ | Ge Asset Management | $0 | Oct. 29, 2018 |
Peer educational service providers
| | Name | Type | Revenue | Location |
|---|
| 1 | Community Studies | 501(c)(3) | $589,251 | New York, NY |
| 2 | Let's Get Ready | 501(c)(3) | $3.5 million | New York, NY |
| 3 | Matriculate | 501(c)(3) | $1.6 million | New York, NY |
| 4 | Pencil | 501(c)(3) | $3.0 million | New York, NY |
| 5 | Summer on the Hill | 501(c)(3) | $693,400 | Riverdale, NY |
| 6 | Harlem Lacrosse and Leadership Corporation | 501(c)(3) | $3.3 million | New York, NY |
| 7 | Go Project | 501(c)(3) | $2.4 million | New York, NY |
| 8 | Code Interactive | 501(c)(3) | $1.2 million | Bronx, NY |
| 9 | Chalkbeat | 501(c)(3) | $6.6 million | New York, NY |
| 10 | Ops-Mdy | 501(c)(3) | $1.7 million | Brooklyn, NY |
| 11 | The Pathway Study Center | 501(c)(3) | $2.9 million | Brooklyn, NY |
| 12 | Mdyhs | 501(c)(3) | $9.5 million | Brooklyn, NY |
| 13 | Eagle Academy Foundation | 501(c)(3) | $3.0 million | New York, NY |
| 14 | Chess In The Schools | 501(c)(3) | $2.2 million | New York, NY |
| 15 | Harlem Center for Education | 501(c)(3) | $820,837 | New York, NY |
| 16 | Kids Orbit | 501(c)(3) | $3.0 million | Brooklyn, NY |
| 17 | Learning Through An Expanded Arts Program | 501(c)(3) | $8.4 million | New York, NY |
| 18 | Cambridge Assessment | 501(c)(3) | $3.9 million | New York, NY |
| 19 | Civic Builders | 501(c)(3) | $9.9 million | New York, NY |
| 20 | On Point for College | 501(c)(3) | $2.4 million | Syracuse, NY |
| 21 | Governors Committee on Scholastic Achievement | 501(c)(3) | $1.1 million | New York, NY |
| 22 | Adventures in Learning | 501(c)(3) | $632,353 | Manhasset, NY |
| 23 | The South Bronx Educational Foundation | 501(c)(3) | $541,860 | Bronx, NY |
| 24 | Academics In Motion (AIM) | 501(c)(3) | $574,224 | New York, NY |
| 25 | New York Urban League (NYUL) | 501(c)(3) | $2.5 million | New York, NY |