H Read INC FY2023 filing

Tax-deductible

Mansfield, MA501(c)(3)EIN 04-2725454Revenue $2.8M in FY2023

On file with the IRSmansfieldchildrenscenter.org1100 School St, 02048-2036 · Mansfield, MATax-exempt since Jul 1981School — 170(b)(1)(A)(ii)

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Child care services

501(c)(3) charity; gifts are tax-deductible.
90¢ of each $1 spent went to programs.
$299K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

Before you give

FY2023 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
5 of 5
filings with a surplus
Average surplus $401K a year · 14% of revenue · last 5 filings
Looks good: a surplus in 5 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
90%
of spending
Looks good: 90% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$299K
to officers and key staff · 12% of spending
Looks good: pay to officers and key staff is 12% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
10 mo
of spending, in cash
Looks good: 9.7 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$146K
7% of total assets
Looks good: liabilities are 7% of assets; 50% or less.
Pt X · Ln 26
Independent board members
4
of 4 voting members
Looks good: 4 of 4 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$2.8M
-3% vs prior year
Spent
$2.4M
To programs
90%
Net assets
$1.9M
By yearFY2021–FY2025
Revenue
$2.8M
FY2023▼ -3%
Tap a bar for its year
Revenue by fiscal year
FY2021$2.3M
FY2022$2.9M
FY2023$2.8M
FY2024$2.9M
FY2025$3.2M
Expenses
$2.4M
FY2023▲ +11%
Tap a bar for its year
Expenses by fiscal year
FY2021$1.9M
FY2022$2.2M
FY2023$2.4M
FY2024$2.7M
FY2025$2.9M
Net assets
$1.9M
FY2023▲ +24%
Tap a bar for its year
Net assets by fiscal year
FY2021$838K
FY2022$1.5M
FY2023$1.9M
FY2024$2.1M
FY2025$2.4M

From the FY2023 Form 990 (year ending June 2023) · figures checked against the IRS filing · see the original

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Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Jul 1981.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

90 cents of each dollar spent went to programs.

Program services 90% · $2.2M Management & general 10% · $233K

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

4 people listed on the 990; $299K paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2022); the FY2023 filing did not itemize Part VII
Treasurer/Cl
$103,905Pt VII · Sec A
President
$97,560Pt VII · Sec A
Vice Preside
$97,560Pt VII · Sec A
$0Pt VII · Sec A

Compensation history total reportable pay by year · 3 named individuals · Part VII

NameFY2025FY2024FY2023FY2022FY2021
Ashley Fallon$86,962$112,542$103,905$60,176$84,472
Jeanne Fallon$109,700$104,780$97,560$89,920$75,390
Kevin J Fallon$109,700$104,780$97,560$90,020$75,390

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 2Yes
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

H Read INC is a nonprofit based in Mansfield, MA.

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Provided by the organization

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1 program · $2.2M · in their own filed words · FY2022
01

Infant, toddlers, preschool, kindergarten and summer school programs for children aged infant to 6 years. Also, afterschool care, summer and swimming for school aged children.

$2.2Mprogram expense

By the numbers

The FY2023 990, line by line.

1The main four
Money inPt VIII
$2.8M
Ln 12
Fees for servicesLn 2g$2.5M
Gifts and grantsLn 1h$297K
Investment incomeLn 3$9K
Money outPt IX
$2.4M
Ln 25
Programscol B$2.2M
Managementcol C$233K
Owns and owesPt X
$1.9M
net assets · Ln 32
Cash and savingsLn 1–2$1.9M
Total assetsLn 16$2.1M
LiabilitiesLn 26$146K
PeoplePt VI, VII
4
listed · VII A
PaidVII A3
Voting boardVI 1a4
IndependentVI 1b4
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$297K
Government grantsLn 1e$297K
Fees for servicesLn 2g$2.5M
Investment incomeLn 3$9K
Other incomeLn 4–11$2K
Total revenueLn 12$2.8M
Assets in detailPt X, end of year
CashLn 1$1.2M
SavingsLn 2$703K
Cash and savings togetherLn 1–2$1.9M
Land, buildings, equipmentLn 10c$82K
Total assetsLn 16$2.1M
LiabilitiesLn 26$146K
Net assetsLn 32$1.9M
OperationsPt I, VI
EmployeesI 558
Fiscal year endsHeaderJune
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13No
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY23End FY23
Cash and savingsLn 1–2$1.5M$1.9M
Land, buildings, equipmentLn 10c$100K$82K
Total assetsLn 16$1.7M$2.1M
LiabilitiesLn 26$129K$146K
Net assetsLn 32$1.5M$1.9M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$299K$200K$99K
Other salaries and wagesLn 7$1.4M$1.4M$43K
Other employee benefitsLn 9$33K$31K$3K
Payroll taxesLn 10$138K$124K$14K
Legal feesLn 11b$120$110$10
Accounting feesLn 11c$7K$6K$541
Advertising and promotionLn 12$10K$10K$837
OccupancyLn 16$155K$143K$12K
Depreciation, depletion and amortizationLn 22$39K$36K$3K
InsuranceLn 23$35K$32K$3K
Other expenses (24a–d)Ln 24$244K$193K$51K
All other expensesLn 24e$5K$2K$4K
Total functional expensesLn 25$2.4M$2.2M$233K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $3.2M$2.9M$273K$2.4M 990 PDF
FY2024 $2.9M$2.7M$216K$2.1M 990 PDF
FY2023 Viewing $2.8M$2.4M$372K$1.9M 990 PDF
FY2022 $2.9M$2.2M$697K$1.5M 990 PDF
FY2021 $2.3M$1.9M$447K$838K 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2023 990 (6 parts)
Part I · Summary $2,777,818 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $312,393$297,121
I-9 Program service revenuePrior year $2,277,054$2,469,428
I-10 Investment incomePrior year $291$9,411
I-11 Other revenuePrior year $268,946$1,858
I-12 Total revenuePrior year $2,858,684$2,777,818
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $1,684,206$1,911,147
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $477,713$494,926
I-18 Total expensesPrior year $2,161,919$2,406,073
I-19 Revenue less expensesPrior year $696,765$371,745
Part VI · Governance 4 of 4 board members independent, 3 to look at
VI-1a Voting members of the governing body4
VI-1b Independent voting members4
VI-2 Family or business relationship among officers or directorsYes
VI-13 Written whistleblower policyNo
VI-15a Process for setting top official's payNo
VI-12a Written conflict of interest policyYes
VI-14 Document retention and destruction policyYes
Part VIII · Statement of revenue $2,777,818 across 6 lines filed
VIII-1e Government grants$297,121
VIII-1h Total contributions, gifts and grants$297,121
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $2,469,428$2,469,428
VIII-3 Investment incomeExcluded from tax $9,411$9,411
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $1,858$1,858
VIII-12 Total revenueRelated to mission $2,471,286 · Excluded from tax $9,411$2,777,818
Part IX · Statement of functional expenses $2,406,073 across 12 lines filed
IX-5 Pay of current officers, directors and key staffPrograms $200,346 · Management $98,679$299,025
IX-7 Other salaries and wagesPrograms $1,397,274 · Management $43,215$1,440,489
IX-9 Other employee benefitsPrograms $30,757 · Management $2,675$33,432
IX-10 Payroll taxesPrograms $124,381 · Management $13,820$138,201
IX-11b Legal feesPrograms $110 · Management $10$120
IX-11c Accounting feesPrograms $6,224 · Management $541$6,765
IX-12 Advertising and promotionPrograms $9,626 · Management $837$10,463
IX-16 OccupancyPrograms $142,742 · Management $12,413$155,155
IX-22 Depreciation, depletion and amortizationPrograms $35,580 · Management $3,094$38,674
IX-23 InsurancePrograms $31,892 · Management $2,773$34,665
IX-24 Other expenses (24a–d)Programs $192,688 · Management $51,090$243,778
IX-24e All other expensesPrograms $1,656 · Management $3,650$5,306
IX-25 Total functional expensesPrograms $2,173,276 · Management $232,797 · Fundraising $0$2,406,073
Part X · Balance sheet $2,052,156 assets, 12 lines filed
X-1 Cash, non-interest-bearingStart of year $1,385,556$1,236,524
X-2 Savings and temporary cash investmentsStart of year $143,642$702,907
X-4 Accounts receivableStart of year $20,562$18,019
X-9 Prepaid expenses and deferred chargesStart of year $14,682$12,949
X-10c Land, buildings and equipment, netStart of year $99,649$81,757
X-16 Total assetsStart of year $1,664,091$2,052,156
X-17 Accounts payable and accrued expensesStart of year $59,864$68,122
X-19 Deferred revenueStart of year $69,551$77,613
X-26 Total liabilitiesStart of year $129,415$145,735
X-27 Net assets without donor restrictionsStart of year $1,534,676$1,906,421
X-32 Total net assets or fund balancesStart of year $1,534,676$1,906,421
X-33 Total liabilities and net assetsStart of year $1,664,091$2,052,156
Part XI · Reconciliation of net assets $1,906,421 net assets at year end
XI-1 Total revenue$2,777,818
XI-2 Total expenses$2,406,073
XI-3 Revenue less expenses$371,745
XI-4 Net assets at start of year$1,534,676
XI-10 Net assets at end of year$1,906,421

Form 990 e-file (XML) FY2023 from the IRS · Classification, formation year and address from the IRS Business Master File

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