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Education : Early Childhood Programs and Services

Read Alliance

Success starts early.

three stars

86.82

80 Maiden Lane 11th Floor
New York, NY 10038
tel: (646) 867-6100   Web Site
EIN: 13-4091062

Board Leadership
Thomas Regan & Mark A. Hemenetz
Co-Chairs

CEO
Danielle Guindo
Executive Director

  Score
(out of 100)
Rating
Overall Score & Rating 86.82 three stars
  Financial 81.80 three stars
  Accountability & Transparency 96.00 four stars
This rating was published 09/01/2018 and includes data from FY2017, the most recent 990 received at that time.

Read Alliance (formerly Reading Excellence and Discovery Foundation) serves at-risk, early elementary students by recruiting and training teens to provide structured one-to-one tutoring in reading. Read Alliance focuses on students in the early grades to prevent reading difficulties before they become barriers to future success. Our students average a full grade level improvement in reading while their teen tutors develop college, career and life skills. We have served more than 23,000 children and teens since our founding in 2000!

Read Alliance (formerly Reading Excellence and Discovery Foundation) serves at-risk, early elementary students by recruiting and training teens to provide structured one-to-one tutoring in reading. Read Alliance focuses on students in the early grades to prevent reading difficulties before they become barriers to future success. Our students average a full grade level improvement in reading while their teen tutors develop college, career and life skills. We have served more than 23,000 children and teens since our founding in 2000!

Impact Information

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Financial

three stars

81.80

Accountability & Transparency

four stars

96.00

This rating was published 09/01/2018 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)
77.0%
  Administrative Expenses 10.4%
  Fundraising Expenses 12.5%
  Fundraising Efficiency $0.12
  Working Capital Ratio (years) 0.60
  Program Expenses Growth 4.1%
  Liabilities to Assets 6.0%
All data for Financial Performance Metrics calculations was provided by Read Alliance on recent 990s filed with the IRS.
All data for Financial Performance Metrics calculations was provided by Read Alliance on recent 990s filed with the IRS.

Highly Rated

Charity Name & State Overall Score Overall Rating
Read Alliance (NY) 86.82 three stars
Ekal Vidyalaya Foundation of USA (TX) 87.74 three stars
Better Basics (AL) 91.36 four stars
Literacy Coalition of Palm Beach County (FL) 91.88 four stars
Reach Out and Read of Greater New York (NY) 85.38 three stars

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REVENUE  
Contributions  
   Contributions, Gifts & Grants $1,128,670
   Federated Campaigns $78,741
   Membership Dues $0
   Fundraising Events $387,735
   Related Organizations $0
   Government Grants $320,494
Total Contributions $1,915,640
   Program Service Revenue $0
Total Primary Revenue $1,915,640
   Other Revenue $-1,170
TOTAL REVENUE $1,914,470
   
EXPENSES  
   Program Expenses $1,465,975
   Administrative Expenses $176,662
   Fundraising Expenses $261,309
TOTAL FUNCTIONAL EXPENSES $1,903,946
   
Payments to Affiliates $0
Excess (or Deficit) for the year $10,524
   
Net Assets $1,243,325

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.

Program Name Amount Spent % of Program Expenses
After School Program $1,202,933 82.1%
Summer Program $263,042 17.9%

Ratings History

Form 990 FYE Date Published Overall Score Overall Rating
CN 2.1
2017-08 09/01/2018 86.82 three stars
2016-08 03/01/2018 89.48 three stars
2015-08 11/01/2016 85.46 three stars
2014-08 06/01/2016 87.05 three stars
 
CN 2.0
2014-08 11/01/2015 83.18 three stars
2013-08 11/01/2014 78.27 two stars
2012-08 11/01/2013 90.81 four stars
2011-08 12/01/2012 86.96 three stars
2010-08 12/01/2011 90.99 four stars
2009-08 09/20/2011 90.15 four stars
 
CN 1.0
2009-08 02/01/2011 87.53 three stars
2008-08 10/01/2009 93.44 four stars
2007-08 12/01/2008 93.44 four stars
2006-08 12/01/2007 93.34 four stars
2005-08 12/01/2006 95.62 four stars
2004-08 11/01/2005 88.28 three 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 13-4091062
Name in IRS Master File READ ALLIANCE INC
NTEE Code B92
NTEE Classification Remedial Reading, Reading Encouragement
NTEE Type Educational Institutions and Related Activities
Classification Educational 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 March, 2000
Filing Requirement 990 (all other) or 990EZ return
Fiscal Year End August
IRS Forms 990
(provided courtesy of Foundation Center)
(Log In or Register Now to View Forms 990!)
  • August, 2017
  • August, 2016
  • August, 2015
  • August, 2014
  • August, 2013
Compensation % of Expenses Paid to Title
$144,569 7.59% Kelley Perkins Executive Director

Highly Rated

Charity Name & State Overall Score Overall Rating
Read Alliance (NY) 86.82 three stars
Ekal Vidyalaya Foundation of USA (TX) 87.74 three stars
First Book (DC) 88.93 three stars
Book Trust (CO) 88.43 three stars
Spread the Word Nevada (NV) 98.23 four stars

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This charity has an official representative registered with Charity Navigator.

Charity Contact Info

Read Alliance
80 Maiden Lane
11th Floor
New York, NY 10038
tel: (646) 867-6100
EIN: 13-4091062

Visit Web Site

Board Leadership

Thomas Regan & Mark A. Hemenetz
Co-Chairs

CEO

Danielle Guindo
Executive Director

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