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Education : Early Childhood Programs and Services

Read Alliance

Read. Lead. Succeed!

three stars

85.46

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 85.46 three stars
  Financial 79.84 two stars
  Accountability & Transparency 96.00 four stars
This rating was published 04/01/2021 and includes data from FY2019, the most recent 990 received at that time.

Founded on a commitment to educational equity and youth leadership, Read Alliance works to accelerate the educational trajectory of early elementary students through the power of teens who provide one-to-one literacy tutoring in under-resourced communities. Our dual-impact model addresses the achievement gap for young students while engaging youth in serving their communities as paid reading tutors. Since 2000, Read Alliance has employed more than 13,000 high school youth providing over 15,000 K-2nd grade students with one-to-one reading tutoring in communities throughout the five boroughs.

Founded on a commitment to educational equity and youth leadership, Read Alliance works to accelerate the educational trajectory of early elementary students through the power of teens who provide one-to-one literacy tutoring in under-resourced communities. Our dual-impact model addresses the achievement gap for young students while engaging youth in serving their communities as paid reading tutors. Since 2000, Read Alliance has employed more than 13,000 high school youth providing over 15,000 K-2nd grade students with one-to-one reading tutoring in communities throughout the five boroughs.

Financial

two stars

79.84

Accountability & Transparency

four stars

96.00

This rating was published 04/01/2021 and includes data from FY2019, 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 10.0%
  Fundraising Expenses 12.9%
  Fundraising Efficiency $0.12
  Working Capital Ratio (years) 0.64
  Program Expenses Growth 2.1%
  Liabilities to Assets 16.4%
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) 85.46 three stars
Developments in Literacy (CA) 88.19 three stars
Literary Arts (OR) 86.10 three stars
Reading Partners (CA) 87.60 three stars
Ferst Readers (GA) 95.05 four stars

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REVENUE  
Contributions  
   Contributions, Gifts & Grants $1,420,674
   Federated Campaigns $0
   Membership Dues $0
   Fundraising Events $502,859
   Related Organizations $0
   Government Grants $303,850
Total Contributions $2,227,383
   Program Service Revenue $0
Total Primary Revenue $2,227,383
   Other Revenue $-17,508
TOTAL REVENUE $2,209,875
   
EXPENSES  
   Program Expenses $1,736,364
   Administrative Expenses $229,769
   Fundraising Expenses $276,978
TOTAL FUNCTIONAL EXPENSES $2,243,111
   
Payments to Affiliates $0
Excess (or Deficit) for the year $-33,236
   
Net Assets $1,316,407

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 $1,389,237 80.0%
Summer Program $347,127 20.0%

Ratings History

Form 990 FYE Date Published Overall Score Overall Rating
CN 2.1
2019-08 04/01/2021 85.46 three stars
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
$69,961 3.11% Danielle Guindo Executive Director
Other Salaries of Note
$86,268 3.84% Kelley Perkins Former Executive Director

Highly Rated

Charity Name & State Overall Score Overall Rating
Read Alliance (NY) 85.46 three stars
Ekal Vidyalaya Foundation of USA (TX) 86.31 three stars
Reading Partners (CA) 87.60 three stars
SMART (OR) 92.12 four stars
Readworks (NY) 93.43 four stars

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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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