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Education : Early Childhood Programs and Services

Ferst Readers

A child's path to a brighter future is paved with books.

four stars

99.79

P.O. Box 1327 Madison, GA 30650
tel: (888) 565-0177   Web Site
EIN: 58-2489181

Board Leadership
Stacy Brees
Chair

CEO
Betsy Wagenhauser
President

  Score
(out of 100)
Rating
Overall Score & Rating 99.79 four stars
  Financial 99.71 four stars
  Accountability & Transparency 100.00 four stars
This rating was published 03/01/2019 and includes data from FY2017, the most recent 990 received at that time.

Ferst Readers' mission is to strengthen communities by providing quality books and literacy resources for children and their families to use at home during the earliest stages of development. Ferst Readers addresses the growing concern of children from low-income communities entering kindergarten without basic literacy skills and school readiness, a preventable problem with far-reaching impacts. The recipe for early school success is simple: start school with strong language and literacy skills. Ferst Readers' recipe for encouraging literacy development is even simpler: ensure that children have age-appropriate books in their home and provide parents with literacy resources that reinforce the importance of early learning and encourage them to read frequently with their children. By mailing a new book every month to enrolled children, birth to five, Ferst Readers is committed to providing early learning opportunities with the hope of breaking the cycle of poverty and illiteracy.

Ferst Readers' mission is to strengthen communities by providing quality books and literacy resources for children and their families to use at home during the earliest stages of development. Ferst Readers addresses the growing concern of children from low-income communities entering kindergarten without basic literacy skills and school readiness, a preventable problem with far-reaching impacts. The recipe for early school success is simple: start school with strong language and literacy skills. Ferst Readers' recipe for encouraging literacy development is even simpler: ensure that children have age-appropriate books in their home and provide parents with literacy resources that reinforce the importance of early learning and encourage them to read frequently with their children. By mailing a new book every month to enrolled children, birth to five, Ferst Readers is committed to providing early learning opportunities with the hope of breaking the cycle of poverty and illiteracy.

Financial

four stars

99.71

Accountability & Transparency

four stars

100.00

This rating was published 03/01/2019 and includes data from FY2017, the most recent 990 received at that time.
Overall Rating Chart
  Program Expenses
(Percent of the charity's total expenses spent on the programs
and services it delivers)
92.4%
  Administrative Expenses 5.5%
  Fundraising Expenses 1.9%
  Fundraising Efficiency < $0.01
  Working Capital Ratio (years) 1.31
  Program Expenses Growth 9.7%
  Liabilities to Assets 3.1%
All data for Financial Performance Metrics calculations was provided by Ferst Readers on recent 990s filed with the IRS.
All data for Financial Performance Metrics calculations was provided by Ferst Readers on recent 990s filed with the IRS.

Highly Rated

Charity Name & State Overall Score Overall Rating
Ferst Readers (GA) 99.79 four stars
Book Trust (CO) 89.78 three stars
First Book (DC) 88.93 three stars
Literacy Coalition of Palm Beach County (FL) 91.91 four stars
SMART (OR) 87.37 three stars

Compare These Charities (Highly Rated)

REVENUE  
Contributions  
   Contributions, Gifts & Grants $1,185,432
   Federated Campaigns $289,093
   Membership Dues $0
   Fundraising Events $21,850
   Related Organizations $0
   Government Grants $0
Total Contributions $1,496,375
   Program Service Revenue $25
Total Primary Revenue $1,496,400
   Other Revenue $93,879
TOTAL REVENUE $1,590,279
   
EXPENSES  
   Program Expenses $1,177,282
   Administrative Expenses $76,500
   Fundraising Expenses $19,448
TOTAL FUNCTIONAL EXPENSES $1,273,230
   
Payments to Affiliates $0
Excess (or Deficit) for the year $317,049
   
Net Assets $1,489,462

Program names and associated costs are listed for the top programs as reported on the charity's most recently filed Form 990. The top programs displayed will include the largest three programs, or those programs covering at least 60% of the charity's total expenses, whichever comes first.

Due to an error on this organization's Form 990, we are unable to display program information.

Ratings History
Ferst Readers has received 4 consecutive 4-star ratings from Charity Navigator.

Form 990 FYE Date Published Overall Score Overall Rating
CN 2.1
2017-12 03/01/2019 99.79 four stars
2016-12 04/01/2018 94.47 four stars
2015-12 04/01/2017 91.36 four stars
2014-12 06/01/2016 90.71 four stars
 
CN 2.0
2014-12 02/01/2016 83.02 three stars
2013-12 07/01/2015 84.17 three stars
2012-12 04/01/2014 82.85 three stars
2011-12 05/01/2013 95.60 four stars
2011-12 04/01/2013 94.77 four stars
2010-12 12/23/2011 95.73 four stars
2009-12 09/20/2011 93.39 four stars
 
CN 1.0
2009-12 12/01/2010 93.81 four stars

The data displayed on this tab is provided by the IRS in the form of Publication 78 and the Business Master File (BMF).

EIN 58-2489181
Name in IRS Master File FERST READERS INC
NTEE Code P58
NTEE Classification Gift Distribution
NTEE Type Human Services - Multipurpose and Other
Classification Charitable Organization
Subsection 501(c)(3)  (View the list of codes)
Activities
Foundation Status Organization which receives a substantial part of its support from a governmental unit or the general public   170(b)(1)(A)(vi)
Deductibility Contributions are deductible
Affiliation Independent - the organization is an independent organization or an independent auxiliary (i.e., not affiliated with a National, Regional, or Geographic grouping of organizations).
Group Name [Not Applicable]
Ruling Date July, 1999
Filing Requirement 990 (all other) or 990EZ return
Fiscal Year End December
IRS Forms 990
(provided courtesy of Foundation Center)
(Log In or Register Now to View Forms 990!)
  • December, 2016
  • December, 2015
  • December, 2014
  • December, 2013
  • December, 2012

The data displayed in this profile is provided by the IRS for free in the form of Publication 78 and the Business Master File (BMF).

Compensation % of Expenses Paid to Title
$60,000 4.71% Elizabeth Wagenhauser President

Highly Rated

Charity Name & State Overall Score Overall Rating
Ferst Readers (GA) 99.79 four stars
National Center for Families Learning (KY) 90.52 four stars
Make Way for Books (AZ) 91.91 four stars
Readworks (NY) 93.91 four stars
First Book (DC) 88.93 three stars

Compare These Charities (Highly Rated)

This charity has an official representative registered with Charity Navigator.

Charity Contact Info

Ferst Readers
P.O. Box 1327
Madison, GA 30650
tel: (888) 565-0177
EIN: 58-2489181

Visit Web Site

Board Leadership

Stacy Brees
Chair

CEO

Betsy Wagenhauser
President

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