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Read to Them INC FY2024 filing

Tax-deductible

Richmond, VA501(c)(3)Education EIN 20-0953916Revenue $5.0M in FY2024Latest return filed Jan 14, 2026

On file with the IRSreadtothem.orgRichmond, VATax-exempt since Aug 2004Publicly supported charity — 170(b)(1)(A)(vi)

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We use the power of reading aloud together to build connections across families, schools, and communities to cultivate students learning and success.

501(c)(3) charity; gifts are tax-deductible.
82¢ of each $1 spent went to programs.
$258K 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
5 of 5
filings with a surplus
Average surplus $542K a year · 12% 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
82%
of spending
Looks good: 82% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$258K
to officers and key staff · 6% of spending
Looks good: pay to officers and key staff is 6% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
5 mo
of spending, in cash
Looks good: 4.7 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
5
named funders · $81K
Looks good: 5 funders name it on their filings; 3 or more.
Funders’ Sch. I, 990-PF
Liabilities
$535K
17% of total assets
Looks good: liabilities are 17% of assets; 50% or less.
Pt X · Ln 26
Independent board members
9
of 9 voting members
Looks good: 9 of 9 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$5.0M
+12% vs prior year
Spent
$4.6M
To programs
82%
Net assets
$2.6M
By yearFY2021–FY2025
Revenue
$5.0M
FY2024▲ +12%
Tap a bar for its year
Revenue by fiscal year
FY2021$3.7M
FY2022$4.1M
FY2023$4.4M
FY2024$5.0M
FY2025$4.9M
Expenses
$4.6M
FY2024▲ +13%
Tap a bar for its year
Expenses by fiscal year
FY2021$2.8M
FY2022$3.5M
FY2023$4.0M
FY2024$4.6M
FY2025$4.4M
Net assets
$2.6M
FY2024▲ +23%
Tap a bar for its year
Net assets by fiscal year
FY2021$1.1M
FY2022$1.7M
FY2023$2.1M
FY2024$2.6M
FY2025$3.1M

From the FY2024 Form 990 (year ending June 2024) · figures checked against the IRS filing · see the original

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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 2004.

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

Where the money goes

82 cents of each dollar spent went to programs.

Program services 82% · $3.7M Management & general 16% · $729K Fundraising 2% · $99K

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

11 people listed on the 990; $258K 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
Christa Donohue
Executive Di
$147,921Pt VII · Sec A
Lyman Coffey
Director of
$110,502Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Kyle Elliot
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
Cathy Plageman
Vice Chair
$0Pt VII · Sec A

Christa Donohue’s $137K as Executive Di is at the 57th 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

NameFY2025FY2024FY2023FY2022FY2021
Christa Donohue$136,638$147,921$130,331$115,000$121,000
Lyman Coffey$114,937$110,502$107,444$102,864$102,864

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 Read to Them INC executive salaries →

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

Connect families, schools, and communities through shared reading to foster student learning and success.

Questions for Read to Them INC

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Your first name shows with your question. Read to Them INC answers here, for everyone.

1 program · $3.7M · in their own filed words · FY2023
01

In FY24, read to them inc. Has provided books and facilitated community reading programs for more than 615,000 students in over 1,500 schools. Read to them supports schools in 48 states.

$3.7Mprogram 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 · FY2024
Anne L & George H Clapp Charitable & Educational TrustFY2024$40K
Robins FoundationFY2024$25K
Fidelity Investments Charitable Gift FundFY2024$8K
Vba Education FoundationFY2024$8K
The Bank of Clarke County FoundationFY2024$533
Total grants receivedfrom 5 funders$81K
See all 5 funders →

By the numbers

The FY2024 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$5.0M
Ln 12
Fees for servicesLn 2g$4.7M
Gifts and grantsLn 1h$249K
Investment incomeLn 3$25K
Money outPt IX
$4.6M
Ln 25
Programscol B$3.7M
Managementcol C$729K
Fundraisingcol D$99K
Owns and owesPt X
$2.6M
net assets · Ln 32
Cash and savingsLn 1–2$1.8M
Total assetsLn 16$3.1M
LiabilitiesLn 26$535K
PeoplePt VI, VII
11
listed · VII A
PaidVII A2
Voting boardVI 1a9
IndependentVI 1b9
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$249K
Fees for servicesLn 2g$4.7M
Investment incomeLn 3$25K
Total revenueLn 12$5.0M
Assets in detailPt X, end of year
CashLn 1$472K
SavingsLn 2$1.3M
Cash and savings togetherLn 1–2$1.8M
Accounts receivableLn 4$490K
Inventories for sale or useLn 8$70K
Prepaid expenses and deferred chargesLn 9$2K
Land, buildings, equipmentLn 10c$20K
InvestmentsLn 11–13$560K
Other assetsLn 15$159K
Total assetsLn 16$3.1M
LiabilitiesLn 26$535K
Net assetsLn 32$2.6M
OperationsPt I, VI
EmployeesI 515
VolunteersI 63
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$1.3M$1.8M
InvestmentsLn 11–13$573K$560K
Land, buildings, equipmentLn 10c$27K$20K
Total assetsLn 16$2.6M$3.1M
LiabilitiesLn 26$473K$535K
Net assetsLn 32$2.1M$2.6M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$181K$86K$70K$26K
Other salaries and wagesLn 7$713K$486K$163K$63K
Pension plan contributionsLn 8$22K$14K$6K$2K
Payroll taxesLn 10$65K$41K$17K$6K
Legal feesLn 11b$747$747
Accounting feesLn 11c$24K$24K
Other fees for servicesLn 11g$10K$10K
Advertising and promotionLn 12$141K$141K
Office expensesLn 13$105K$104K$916$717
Information technologyLn 14$31K$31K
OccupancyLn 16$113K$113K
TravelLn 17$1K$1K
Conferences, conventions and meetingsLn 19$16K$16K
Depreciation, depletion and amortizationLn 22$8K$8K
InsuranceLn 23$109K$109K
Other expenses (24a–d)Ln 24$3.0M$3.0M$48K
All other expensesLn 24e$2K$2K
Total functional expensesLn 25$4.6M$3.7M$729K$99K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 LatestFiled with the IRS Jan 14, 2026 $4.9M$4.4M$504K$3.1M 990 PDF
FY2024 ViewingFiled with the IRS Feb 7, 2025 $5.0M$4.6M$397K$2.6M 990 PDF
FY2023Filed with the IRS Feb 2, 2024 $4.4M$4.0M$376K$2.1M 990 PDF
FY2022Filed with the IRS Sep 8, 2023 $4.1M$3.5M$612K$1.7M 990 PDF
FY2021Filed with the IRS Sep 6, 2023 $3.7M$2.8M$824K$1.1M 990 PDF

Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support O · Explanations
See the full FY2024 990 (6 parts)
Part I · Summary $4,968,131 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $185,788$248,863
I-9 Program service revenuePrior year $4,214,580$4,693,867
I-10 Investment incomePrior year $17,669$25,401
I-11 Other revenue$0
I-12 Total revenuePrior year $4,418,037$4,968,131
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $880,918$980,926
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $3,161,372$3,590,441
I-18 Total expensesPrior year $4,042,290$4,571,367
I-19 Revenue less expensesPrior year $375,747$396,764
Part VI · Governance 9 of 9 board members independent, no flags
VI-1a Voting members of the governing body9
VI-1b Independent voting members9
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 $4,968,131 across 5 lines filed
VIII-1f All other contributions, gifts and grants$248,863
VIII-1h Total contributions, gifts and grants$248,863
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $4,693,867$4,693,867
VIII-3 Investment incomeExcluded from tax $25,401$25,401
VIII-12 Total revenueRelated to mission $4,693,867 · Excluded from tax $25,401$4,968,131
Part IX · Statement of functional expenses $4,571,367 across 17 lines filed
IX-5 Pay of current officers, directors and key staffPrograms $85,665 · Management $69,546 · Fundraising $25,899$181,110
IX-7 Other salaries and wagesPrograms $486,294 · Management $162,812 · Fundraising $63,470$712,576
IX-8 Pension plan contributionsPrograms $14,349 · Management $5,829 · Fundraising $2,242$22,420
IX-10 Payroll taxesPrograms $41,485 · Management $16,853 · Fundraising $6,482$64,820
IX-11b Legal feesManagement $747$747
IX-11c Accounting feesManagement $23,914$23,914
IX-11g Other fees for servicesManagement $10,179$10,179
IX-12 Advertising and promotionManagement $140,717$140,717
IX-13 Office expensesPrograms $103,654 · Management $916 · Fundraising $717$105,287
IX-14 Information technologyPrograms $31,464$31,464
IX-16 OccupancyManagement $113,202$113,202
IX-17 TravelManagement $1,081$1,081
IX-19 Conferences, conventions and meetingsManagement $15,818$15,818
IX-22 Depreciation, depletion and amortizationManagement $7,577$7,577
IX-23 InsuranceManagement $109,164$109,164
IX-24 Other expenses (24a–d)Programs $2,980,991 · Management $48,281$3,029,272
IX-24e All other expensesManagement $2,019$2,019
IX-25 Total functional expensesPrograms $3,743,902 · Management $728,655 · Fundraising $98,810$4,571,367
Part X · Balance sheet $3,086,811 assets, 16 lines filed
X-1 Cash, non-interest-bearingStart of year $774,967$472,150
X-2 Savings and temporary cash investmentsStart of year $530,342$1,313,542
X-4 Accounts receivableStart of year $353,673$489,864
X-8 Inventories for sale or useStart of year $62,350$69,874
X-9 Prepaid expenses and deferred chargesStart of year $2,043$2,073
X-10c Land, buildings and equipment, netStart of year $27,190$19,613
X-11 Publicly traded securitiesStart of year $573,105$560,309
X-15 Other assetsStart of year $231,879$159,386
X-16 Total assetsStart of year $2,555,549$3,086,811
X-17 Accounts payable and accrued expensesStart of year $173,076$294,816
X-19 Deferred revenueStart of year $49,486$65,544
X-25 Other liabilitiesStart of year $250,551$174,592
X-26 Total liabilitiesStart of year $473,113$534,952
X-27 Net assets without donor restrictionsStart of year $2,082,436$2,551,859
X-32 Total net assets or fund balancesStart of year $2,082,436$2,551,859
X-33 Total liabilities and net assetsStart of year $2,555,549$3,086,811
Part XI · Reconciliation of net assets $2,551,859 net assets at year end
XI-1 Total revenue$4,968,131
XI-2 Total expenses$4,571,367
XI-3 Revenue less expenses$396,764
XI-4 Net assets at start of year$2,082,436
XI-5 Net unrealized gains (losses) on investments$72,659
XI-10 Net assets at end of year$2,551,859

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

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