Reading Team INC FY2024 filing

Tax-deductible

New York, NY501(c)(3)Human ServicesEIN 13-4125884Revenue $603K in FY2024

On file with the IRSreadingteam.org10 West 135th St, 10037-2602 · New York, NYTax-exempt since Aug 2000Publicly supported charity — 170(b)(1)(A)(vi)

This page gets seen. Tell your story. Claim this org.

The foundation conducts early literacy programs for young children who are at high risk of Reading failure to become strong and enthusiastic readers, writers, listeners, and speakers and to develop the skills, habits, and behaviors that will support their success in school and in life.

501(c)(3) charity; gifts are tax-deductible.
80¢ of each $1 spent went to programs.
$70K 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

FY2024 · 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
2 of 5
filings with a surplus
Average deficit $35K a year · 4% of revenue · last 5 filings
Concern: a surplus in 2 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
80%
of spending
Looks good: 80% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$70K
to officers and key staff · 8% of spending
Looks good: pay to officers and key staff is 8% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
<1 mo
of spending, in cash
Worth a look: 0.7 months of spending in cash; under 1.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $5K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$253K
40% of total assets
Looks good: liabilities are 40% of assets; 50% or less.
Pt X · Ln 26
Independent board members
15
of 16 voting members
Looks good: 15 of 16 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$603K
-46% vs prior year
Spent
$926K
To programs
80%
Net assets
$380K
By yearFY2021–FY2025
Revenue
$603K
FY2024▼ -46%
Tap a bar for its year
Revenue by fiscal year
FY2021$811K
FY2022$741K
FY2023$1.1M
FY2024$603K
FY2025$704K
Expenses
$926K
FY2024▲ +8%
Tap a bar for its year
Expenses by fiscal year
FY2021$707K
FY2022$781K
FY2023$860K
FY2024$926K
FY2025$878K
Net assets
$380K
FY2024▼ -46%
Tap a bar for its year
Net assets by fiscal year
FY2021$492K
FY2022$453K
FY2023$703K
FY2024$380K
FY2025$207K

From the FY2024 Form 990 (year ending June 2024) · see the original

Give Claim
You’re viewing the FY2024 filing — not the latest on file. See the latest (FY2025) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Aug 2000.

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

Where the money goes

80 cents of each dollar spent went to programs.

Program services 80% · $741K Management & general 10% · $89K Fundraising 10% · $97K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

Something off? The org can add a note here. Request edit privileges.

Who runs it and what they're paid

15 people listed on the 990; $70K paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2023); the FY2024 filing did not itemize Part VII
Executive Di
$70,083Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Vice Preside
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A

Charon Darris’s $145K as Executive Di is at the 97th percentile of top reported officer pay among 2167 $100K–1M human services 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 · 1 named individual · Part VII

NameFY2025FY2024
Charon Darris$145,000$70,083

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.

See Reading Team INC executive salaries →

Are you one of these people? Claim this org to confirm your role

Something off? The org can add a note here. Request edit privileges.

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

Teaches young children at risk of reading failure to become strong, enthusiastic readers and communicators.

Provided by the organization

Know this organization? Claim it to add your story

1 program · $741K · in their own filed words · FY2023
01

The reading team preschool program is an intensive and multifaceted early literacy intervention that serves children from neighborhood day care centers and head start programs. This program enables the children we serve to develop the skills, knowledge, and attitudes that are developmental precursors to reading and writing.

$741Kprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · funders on record
Grants received · FY2025
Total grants receivedfrom 1 funder$5K

By the numbers

The FY2024 990, line by line.

1The main four
Money inPt VIII
$603K
Ln 12
Gifts and grantsLn 1h$569K
Investment incomeLn 3$34K
Money outPt IX
$926K
Ln 25
Programscol B$741K
Managementcol C$89K
Fundraisingcol D$97K
Owns and owesPt X
$380K
net assets · Ln 32
Cash and savingsLn 1–2$56K
Total assetsLn 16$633K
LiabilitiesLn 26$253K
PeoplePt VI, VII
15
listed · VII A
PaidVII A1
Voting boardVI 1a16
IndependentVI 1b15
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$569K
Investment incomeLn 3$34K
Total revenueLn 12$603K
Assets in detailPt X, end of year
CashLn 1$56K
Cash and savings togetherLn 1–2$56K
InvestmentsLn 11–13$296K
Other assetsLn 15$281K
Total assetsLn 16$633K
LiabilitiesLn 26$253K
Net assetsLn 32$380K
OperationsPt I, VI
EmployeesI 518
VolunteersI 619
Fiscal year endsHeaderJune
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY24End FY24
Cash and savingsLn 1–2$171K$56K
InvestmentsLn 11–13$510K$296K
Total assetsLn 16$1.1M$633K
LiabilitiesLn 26$410K$253K
Net assetsLn 32$703K$380K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$70K$56K$6K$8K
Pay of disqualified personsLn 6$25K$20K$2K$3K
Other salaries and wagesLn 7$399K$320K$32K$48K
Other employee benefitsLn 9$28K$22K$2K$3K
Payroll taxesLn 10$59K$47K$5K$7K
Management feesLn 11a$39K$30K$9K
Accounting feesLn 11c$7K$7K
Office expensesLn 13$32K$26K$5K$2K
OccupancyLn 16$211K$169K$17K$25K
InsuranceLn 23$22K$17K$5K
Other expenses (24a–d)Ln 24$34K$34K
Total functional expensesLn 25$926K$741K$89K$97K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $704K$878K−$173K$207K 990 PDF
FY2024 Viewing $603K$926K−$323K$380K 990 PDF
FY2023 $1.1M$860K$257K$703K 990 PDF
FY2022 $741K$781K−$39K$453K 990 PDF
FY2021 $811K$707K$103K$492K 990 PDF

Want to add your own materials alongside these filings? Claim this org

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 FY2024 990 (6 parts)
Part I · Summary $603,288 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $1,104,639$568,984
I-9 Program service revenue$0
I-10 Investment incomePrior year $12,260$34,304
I-11 Other revenue$0
I-12 Total revenuePrior year $1,116,899$603,288
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $517,614$580,889
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $342,630$345,437
I-18 Total expensesPrior year $860,244$926,326
I-19 Revenue less expensesPrior year $256,655−$323,038
Part VI · Governance 15 of 16 board members independent, no flags
VI-1a Voting members of the governing body16
VI-1b Independent voting members15
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $603,288 across 4 lines filed
VIII-1f All other contributions, gifts and grants$568,984
VIII-1h Total contributions, gifts and grants$568,984
VIII-3 Investment incomeRelated to mission $34,304$34,304
VIII-12 Total revenueRelated to mission $34,304$603,288
Part IX · Statement of functional expenses $926,326 across 11 lines filed
IX-5 Pay of current officers, directors and key staffPrograms $56,067 · Management $5,607 · Fundraising $8,410$70,084
IX-6 Pay of disqualified personsPrograms $19,976 · Management $1,997 · Fundraising $2,997$24,970
IX-7 Other salaries and wagesPrograms $319,565 · Management $31,955 · Fundraising $47,936$399,456
IX-9 Other employee benefitsPrograms $22,025 · Management $2,202 · Fundraising $3,304$27,531
IX-10 Payroll taxesPrograms $47,078 · Management $4,708 · Fundraising $7,062$58,848
IX-11a Management feesPrograms $30,500 · Management $8,804$39,304
IX-11c Accounting feesManagement $6,700$6,700
IX-13 Office expensesPrograms $25,750 · Management $4,795 · Fundraising $1,648$32,193
IX-16 OccupancyPrograms $168,745 · Management $16,874 · Fundraising $25,312$210,931
IX-23 InsurancePrograms $16,926 · Management $5,232$22,158
IX-24 Other expenses (24a–d)Programs $34,151$34,151
IX-25 Total functional expensesPrograms $740,783 · Management $88,874 · Fundraising $96,669$926,326
Part X · Balance sheet $633,037 assets, 10 lines filed
X-1 Cash, non-interest-bearingStart of year $170,955$55,882
X-11 Publicly traded securitiesStart of year $509,814$296,212
X-15 Other assetsStart of year $432,332$280,943
X-16 Total assetsStart of year $1,113,101$633,037
X-17 Accounts payable and accrued expensesStart of year $17,818$6,700
X-25 Other liabilitiesStart of year $391,804$245,896
X-26 Total liabilitiesStart of year $409,622$252,596
X-27 Net assets without donor restrictionsStart of year $703,479$380,441
X-32 Total net assets or fund balancesStart of year $703,479$380,441
X-33 Total liabilities and net assetsStart of year $1,113,101$633,037
Part XI · Reconciliation of net assets $380,441 net assets at year end
XI-1 Total revenue$603,288
XI-2 Total expenses$926,326
XI-3 Revenue less expenses−$323,038
XI-4 Net assets at start of year$703,479
XI-10 Net assets at end of year$380,441

Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File

Similar organizations you could support · Compare with another nonprofit

Names, privacy, and removal requests More

The names, titles, and compensation shown on this page are reproduced from IRS Form 990 filings, which are public records.

Philanthropy.org does not alter the content of those filings. All information appears exactly as reported by the filing organization for the tax year shown.

We publish only information contained in the public IRS filing — and less than the filing contains. Our profile pages do not display street addresses, telephone numbers, personal email addresses, or other personal contact information, even where the filing includes them.

Many people share the same name. A name shown on this page reflects only what one organization reported in one IRS filing for one tax year. It should not be interpreted as identifying any other individual with the same or a similar name.

If you are no longer affiliated with the organization, your name will generally stop appearing in future IRS filings once the organization no longer reports you. Pages for tax years in which you were reported remain published because those filings remain part of the public record.

Philanthropy.org does not alter or remove IRS filing records. Removing a page from this website would not remove the underlying IRS filing, which remains publicly available from the IRS and other publishers of the same information.

If you believe the IRS filing itself is inaccurate, corrections must be made by the filing organization or the IRS directly.

If you ARE the filing organization, claim this org and add context

Made it to the end? Claim this organization

Keep this kind of thing free
Keep public charity data easy to read.

Free to the public, because obviously. Like this? Pay it forward. Don't like this? Help us get better.

Card, Apple Pay or Google Pay through Stripe. One time.
Keep this kind of thing free
Keep public charity data easy to read.

Free to the public, because obviously. Like this? Pay it forward. Don't like this? Help us get better.

Card, Apple Pay or Google Pay through Stripe. One time.

All figures are derived from public IRS Form 990 filings and are presented without evaluation of any organization. philanthropy.org does not rate, score, or rank organizations, including the pay comparisons above.