Education : Other Education Programs and Services

Reading Excellence and Discovery Foundation

Teens lead . . .children read

Rating

Overall Rating    
      (63.44)
Organizational Efficiency      
Program Expenses 84.4%    
Administrative Expenses 6.7%    
Fundraising Expenses 8.7%    
Fundraising Efficiency $0.08    
Efficiency Rating    
      (38.44)
Organizational Capacity      
Primary Revenue Growth 18.7%    
Program Expenses Growth 25.7%    
Working Capital Ratio (years) 0.40    
Capacity Rating    
      (25.00)

Income Statement     (FYE 08/2008)

Revenue  
Primary Revenue $2,310,572
Other Revenue $25,721
Total Revenue $2,336,293
   
Expenses  
Program Expenses $1,840,188
Administrative Expenses $147,539
Fundraising Expenses $190,641
Total Functional Expenses $2,178,368
   
Payments to Affiliates $0
Excess (or Deficit) for the year $157,925
   
Net Assets $1,000,955

Charts

Expenses Breakdown

Expenses Legend

Revenue/Expenses Trend

Revenue-Expense Legend

Contact Information

Reading Excellence and Discovery Foundation
80 Maiden Lane
11th Floor
New York, NY 10038
tel: (646) 867-6103
fax: (646) 867-6110
EIN: 13-4091062

Contact Email
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Leadership      (FYE 08/2008)

Name Title Compensation % of Expenses
Lavinia Mancuso Interim President, Director of Program Development (The person identified as holding the highest position of management, and therefore who would normally be responsible for carrying out the mission of the charity and leading the organization on a day-to-day basis.) $85,000 3.90%
Other Salaries of Note
Anne Adler Former President (Using information reported on an organization's most recent Form 990, we include as compensation an individual's salary, cash bonuses, and expense accounts and other allowances. We do not include contributions to benefit plans or compensation deferred to a future date.) $97,500 4.47%

Donor Privacy Policy

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Mission

Reading Excellence and Discovery (READ) Foundation, established in 1999, serves at-risk kindergarteners and first graders by recruiting and training teens to provide structured one-to-one tutoring in reading. READ's founders sought a research-based educational approach, which would yield measurable results for students and address reading difficulties before they became barriers to learning. At the same time, they sought growth opportunities for economically disadvantaged New York City teens. READ employs one-on-one research-based reading instruction to prepare at-risk children to become proficient readers. READ recruits, trains and employs teens to teach reading skills to their younger peers who are struggling with learning to read.

Charities Performing Similar Types of Work

Charity Name Overall Score Overall Rating
Reading Excellence and Discovery Foundation - NY 63.44
Literacy Assistance Center - NY 63.81
First Book - DC 62.22
Palm Beach County Literacy Coalition - FL 64.93
United Through Reading - CA 63.22
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Charity Name Overall Score Overall Rating
Reading Excellence and Discovery Foundation - NY 63.44
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