Is it real?
Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Mar 2006.
IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File
Where the money goes
62 cents of each dollar spent went to programs.
Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.
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Who runs it and what they're paid
18 people listed on the 990; $134K paid to officers and key staff.
Melissa Pailthorp’s $78K as Executive Director, Former is at the 18th percentile of top reported officer pay among 3394 $1–10M education nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.
Compensation history total reportable pay by year · 2 named individuals · Part VII
| Name | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 |
|---|---|---|---|---|---|---|
| Melissa Pailthorp | $77,879 | $133,919 | $137,183 | $131,280 | $139,260 | $122,743 |
| Ebony Pattenaude | $62,645 | — | — | — | — | — |
Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.
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Questions the 990 asks
The form asks each of these directly. These are the filed answers.
- Family or business ties among officersPt VI · Ln 2No
- Top official's pay set by an independent reviewPt VI · Ln 15aYes
Programs and updates
Trains teens to tutor younger students in reading.
Questions for Team Read
Your first name shows with your question. Team Read answers here, for everyone.
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During the 2023-2024 school year, Team Read supported 453 elementary school students strengthen their reading skills and grow in confidence. 440 high school students were trained as reading coaches and made a difference in their community by supporting early literacy.
Funders
Who pays for it.
From grant filings on record. Receipts are incomplete: individual donors are never listed.
Grants
By the numbers
The FY2024 990, line by line.
Download 990
| Line | Start FY24 | End FY24 |
|---|---|---|
| Cash and savingsLn 1–2 | $1.3M | $1.2M |
| InvestmentsLn 11–13 | $557K | $580K |
| Total assetsLn 16 | $2.0M | $1.9M |
| LiabilitiesLn 26 | $152K | $125K |
| Net assetsLn 32 | $1.9M | $1.8M |
| Line | Total | Programs | Management | Fundraising |
|---|---|---|---|---|
| Pay of current officers, directors and key staffLn 5 | $146K | $41K | $61K | $44K |
| Other salaries and wagesLn 7 | $331K | $251K | $80K | |
| Pension plan contributionsLn 8 | $7K | $803 | $2K | $4K |
| Other employee benefitsLn 9 | $24K | $6K | $12K | $6K |
| Payroll taxesLn 10 | $41K | $25K | $6K | $11K |
| Accounting feesLn 11c | $21K | $8K | $12K | |
| Professional fundraising feesLn 11e | $17K | $17K | ||
| Other fees for servicesLn 11g | $236K | $179K | $11K | $45K |
| Office expensesLn 13 | $23K | $10K | $7K | $7K |
| TravelLn 17 | $2K | $998 | $706 | $145 |
| InsuranceLn 23 | $7K | $7K | ||
| Other expenses (24a–d)Ln 24 | $25K | $25K | $28 | $2 |
| All other expensesLn 24e | $1K | $674 | $472 | $41 |
| Total functional expensesLn 25 | $880K | $547K | $119K | $214K |
Filing history
| Year | Money in | Money out | In minus out | Net assets | Download |
|---|---|---|---|---|---|
| FY2025 Latest | $1.1M | $821K | $305K | $2.1M | 990 PDF |
| FY2024 Viewing | $768K | $880K | −$112K | $1.8M | 990 PDF |
| FY2023 | $1.1M | $714K | $405K | $1.9M | 990 PDF |
| FY2022 | $1.4M | $749K | $636K | $1.5M | 990 PDF |
| FY2021 | $1.0M | $657K | $358K | $849K | 990 PDF |
| FY2020 | $738K | $582K | $156K | $490K | 990 PDF |
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Schedules filed Part IV
See the full FY2024 990 (6 parts)
Part I · Summary $767,901 revenue, 12 lines filed
Part VI · Governance 16 of 16 board members independent, no flags
Part VIII · Statement of revenue $767,901 across 8 lines filed
Part IX · Statement of functional expenses $880,027 across 13 lines filed
Part X · Balance sheet $1,930,623 assets, 13 lines filed
Part XI · Reconciliation of net assets $1,805,501 net assets at year end
Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File
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