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Education : Early Childhood Programs and Services

Read Alliance

Read. Lead. Succeed!

three stars

88.11

160 Broadway 8th Floor, East Building
New York, NY 10038
tel: (646) 867-6100   Web Site
EIN: 13-4091062

Board Leadership
Mark A. Hemenetz
Chairman

CEO
Danielle Guindo
Executive Director

  Score
(out of 100)
Rating
Overall Score & Rating 88.11 three stars
  Financial 83.68 three stars
  Accountability & Transparency 96.00 four stars
This rating was published 10/01/2019 and includes data from FY2018, 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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This impact information is current as of August 2020, when it was provided to us by GuideStar. At this time, Impact information published on this organization's page has no effect on its rating per our methodology.

Financial

three stars

83.68

Accountability & Transparency

four stars

96.00

This rating was published 10/01/2019 and includes data from FY2018, 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)
76.7%
  Administrative Expenses 10.1%
  Fundraising Expenses 13.1%
  Fundraising Efficiency $0.12
  Working Capital Ratio (years) 0.67
  Program Expenses Growth 3.6%
  Liabilities to Assets 4.3%
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) 88.11 three stars
National Center for Families Learning (KY) 89.75 three stars
Ferst Readers (GA) 100.00 four stars
Make Way for Books (AZ) 94.70 four stars
Readworks (NY) 92.74 four stars

Compare These Charities (Highly Rated)

REVENUE  
Contributions  
   Contributions, Gifts & Grants $1,416,790
   Federated Campaigns $0
   Membership Dues $0
   Fundraising Events $481,448
   Related Organizations $0
   Government Grants $155,500
Total Contributions $2,053,738
   Program Service Revenue $0
Total Primary Revenue $2,053,738
   Other Revenue $4,242
TOTAL REVENUE $2,057,980
   
EXPENSES  
   Program Expenses $1,495,114
   Administrative Expenses $204,743
   Fundraising Expenses $251,805
TOTAL FUNCTIONAL EXPENSES $1,951,662
   
Payments to Affiliates $0
Excess (or Deficit) for the year $106,318
   
Net Assets $1,349,643

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 $1,187,600 79.4%
Summer Program $307,514 20.6%

Ratings History

Form 990 FYE Date Published Overall Score Overall Rating
CN 2.1
2018-08 10/01/2019 88.11 three stars
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
Not compensated -- Danielle Guindo Executive Director
Other Salaries of Note
$147,462 7.55% Kelley Perkins Former Executive Director

Highly Rated

Charity Name & State Overall Score Overall Rating
Read Alliance (NY) 88.11 three stars
Open Books (IL) 86.65 three stars
Reach Out and Read of Greater New York (NY) 87.30 three stars
SMART (OR) 92.12 four stars
Make Way for Books (AZ) 94.70 four stars

Compare These Charities (Highly Rated)

This charity has an official representative registered with Charity Navigator.

Charity Contact Info

Read Alliance
160 Broadway
8th Floor, East Building
New York, NY 10038
tel: (646) 867-6100
EIN: 13-4091062

Visit Web Site

Board Leadership

Mark A. Hemenetz
Chairman

CEO

Danielle Guindo
Executive Director

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