Is it real?
Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Sep 1991.
IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File
Where the money goes
85 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
13 people listed on the 990; $759K paid to officers and key staff.
Terry Bowman’s $236K as Executive Director is at the 89th 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 · 8 named individuals · Part VII
| Name | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 |
|---|---|---|---|---|---|---|
| Terry Bowman | $235,842 | $235,842 | $279,043 | $207,563 | $226,000 | $228,000 |
| Cameron Swaim | $190,261 | $190,261 | $174,120 | $142,235 | $143,475 | $141,445 |
| Susanne Nobles | $189,133 | $189,133 | $181,439 | $139,106 | $142,973 | — |
| Kathy Bloomfield | — | — | — | $129,975 | $169,802 | $165,000 |
| Justin Pagano | — | — | — | — | $150,086 | $142,800 |
| Benjamin Nichols | $129,929 | $129,929 | — | — | — | — |
| Jeffrey Fleishhacker | $126,907 | $126,907 | — | — | — | $110,000 |
| Jeffrey David Fleishhacker | — | — | $124,140 | $111,877 | — | — |
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
Improves reading comprehension and student achievement for American students.
Questions for Readworks INC
Your first name shows with your question. Readworks INC answers here, for everyone.
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Readworkscontinues to focus on growing and improving our product to impact the millions of users we serve, based on data, learning science, and a deep understanding and empathy for the practical realities faced by teachers and students in classrooms today.
Funders
Who pays for it.
From grant filings on record. Receipts are incomplete: individual donors are never listed.
Grants
By the numbers
The FY2023 990, line by line.
Download 990
| Line | Start FY23 | End FY23 |
|---|---|---|
| Cash and savingsLn 1–2 | $660K | $1.4M |
| InvestmentsLn 11–13 | $249K | $226K |
| Land, buildings, equipmentLn 10c | $13K | $9K |
| Total assetsLn 16 | $1.1M | $2.7M |
| LiabilitiesLn 26 | $126K | $82K |
| Net assetsLn 32 | $1.0M | $2.6M |
| Line | Total | Programs | Management | Fundraising |
|---|---|---|---|---|
| Pay of current officers, directors and key staffLn 5 | $261K | $204K | $18K | $39K |
| Other salaries and wagesLn 7 | $1.4M | $1.3M | $74K | $59K |
| Other employee benefitsLn 9 | $134K | $120K | $7K | $7K |
| Payroll taxesLn 10 | $117K | $104K | $6K | $7K |
| Accounting feesLn 11c | $39K | $39K | ||
| Other fees for servicesLn 11g | $769K | $682K | $6K | $80K |
| Information technologyLn 14 | $9K | $8K | $148 | $295 |
| OccupancyLn 16 | $3K | $3K | $59 | $118 |
| TravelLn 17 | $34K | $124 | $33K | $67 |
| Conferences, conventions and meetingsLn 19 | $97K | $68K | $729 | $28K |
| Depreciation, depletion and amortizationLn 22 | $4K | $4K | ||
| InsuranceLn 23 | $14K | $13K | $279 | $557 |
| Other expenses (24a–d)Ln 24 | $80K | $48K | $22K | $11K |
| All other expensesLn 24e | $14K | $14K | $696 | |
| Total functional expensesLn 25 | $3.0M | $2.5M | $225K | $232K |
Filing history
| Year | Money in | Money out | In minus out | Net assets | Download |
|---|---|---|---|---|---|
| FY2025 Latest | $2.6M | $3.6M | −$915K | $754K | 990 PDF |
| FY2024 | $2.7M | $3.6M | −$943K | $1.7M | 990 PDF |
| FY2023 Viewing | $4.6M | $3.0M | $1.6M | $2.6M | 990 PDF |
| FY2022 | $1.9M | $2.6M | −$727K | $1.0M | 990 PDF |
| FY2021 | $3.0M | $2.4M | $608K | $1.8M | 990 PDF |
| FY2020 | $2.6M | $2.2M | $359K | $1.2M | 990 PDF |
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Schedules filed Part IV
See the full FY2023 990 (6 parts)
Part I · Summary $4,603,761 revenue, 12 lines filed
Part VI · Governance 9 of 9 board members independent, no flags
Part VIII · Statement of revenue $4,603,761 across 8 lines filed
Part IX · Statement of functional expenses $3,007,175 across 14 lines filed
Part X · Balance sheet $2,685,467 assets, 12 lines filed
Part XI · Reconciliation of net assets $2,603,228 net assets at year end
Form 990 e-file (XML) FY2023 from the IRS · Classification, formation year and address from the IRS Business Master File
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