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Bear Reading Center INC

Tax-deductible

Mishawaka, IN501(c)(3)EducationEIN 27-2481512

To promote literacy for children and adults

501(c)(3) charity; gifts are tax-deductible.
94¢ of each $1 spent went to programs.
Run by 6 volunteers.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · People: Part I, lines 5–6

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
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
3 of 5
filings with a surplus
Average surplus $12K a year · 5% of revenue · last 5 filings
Worth a look: a surplus in 3 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
94%
of spending
Looks good: 94% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
25 mo
of spending, in cash
Looks good: 25.3 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $11
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$0
0% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
Pt X · Ln 26
Independent board members
6
of 6 voting members
Looks good: 6 of 6 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$176K
-26% vs prior year
Spent
$175K
To programs
94%
Net assets
$368K
By yearFY2020–FY2024
Revenue
$176K
FY2024▼ -26%
Revenue by fiscal year
FY2020$256K
FY2021$357K
FY2022$269K
FY2023$239K
FY2024$176K
Expenses
$175K
FY2024▼ -30%
Expenses by fiscal year
FY2020$354K
FY2021$214K
FY2022$244K
FY2023$249K
FY2024$175K
Net assets
$368K
FY2024+0.5%
Net assets by fiscal year
FY2020$208K
FY2021$352K
FY2022$377K
FY2023$367K
FY2024$368K

From the FY2024 Form 990 · see the original

Form 990 (PDF) Claim

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Apr 2011.

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

Where the money goes

94 cents of each dollar spent went to programs.

Program services 94% · $164K Management & general 6% · $11K

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

Who runs it and what they're paid

6 people listed on the 990.

Part VII, Section A · reportable compensation
Kimmey C Haughee
Executive Director
$0Pt VII · Sec A
Bradley King
Board Charman
$0Pt VII · Sec A
David Parks
Vice Chairman
$0Pt VII · Sec A
Chris Currey
Secretary
$0Pt VII · Sec A
April Black
Treasurer
$0Pt VII · Sec A
Donnie Johnson
Member at Large
$0Pt VII · Sec A
See Bear Reading Center INC executive salaries →

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

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 15aNo

Programs and updates

Promotes literacy for children and adults.

Provided by the organization

This section is blank until Bear Reading Center INC claims this page.

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1 program service account for $164K of program spending, described in the organization's own filed words · FY2024.
01

Assesment of children and adults for learning disabilities

$164Kprogram expense

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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 · FY2023
Amazonsmile FoundationFY2023$11
Total grants receivedfrom 1 funder$11

By the numbers

The FY2024 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$176K
Ln 12
Fees for servicesLn 2g$142K
Gifts and grantsLn 1h$35K
Investment incomeLn 3$1
Money outPt IX
$175K
Ln 25
Programscol B$164K
Managementcol C$11K
Owns and owesPt X
$368K
net assets · Ln 32
Cash and savingsLn 1–2$368K
Total assetsLn 16$368K
LiabilitiesLn 26$0
PeoplePt VI, VII
6
listed · VII A
PaidVII A0
Voting boardVI 1a6
IndependentVI 1b6
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$35K
Fees for servicesLn 2g$142K
Investment incomeLn 3$1
Total revenueLn 12$176K
Assets in detailPt X, end of year
CashLn 1$368K
Cash and savings togetherLn 1–2$368K
Total assetsLn 16$368K
LiabilitiesLn 26$0
Net assetsLn 32$368K
OperationsPt I, VI
EmployeesI 50
VolunteersI 66
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aNo
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY24End FY24
Cash and savingsLn 1–2$367K$368K
Total assetsLn 16$367K$368K
LiabilitiesLn 26$0$0
Net assetsLn 32$367K$368K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Management feesLn 11a$32K$32K
Accounting feesLn 11c$595$595
Office expensesLn 13$1K$1K
Information technologyLn 14$10K$10K
OccupancyLn 16$9K$9K
InsuranceLn 23$3K$3K
Other expenses (24a–d)Ln 24$118K$118K
Total functional expensesLn 25$175K$164K$11K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest Viewing $176K$175K$2K$368K 990 PDF
FY2023 $239K$249K−$10K$367K 990 PDF
FY2022 $269K$244K$25K$377K 990 PDF
FY2021 $357K$214K$143K$352K 990 PDF
FY2020 $256K$354K−$98K$208K 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 (4 parts)
Part VIII · Statement of revenue $176,310 across 6 lines filed
VIII-1f All other contributions, gifts and grants$34,698
VIII-1h Total contributions, gifts and grants$34,698
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $141,611$141,611
VIII-3 Investment incomeRelated to mission $1$1
VIII-8 Net income from fundraising events$0
VIII-12 Total revenueRelated to mission $141,612 · Unrelated business $0 · Excluded from tax $0$176,310
Part IX · Statement of functional expenses $174,551 across 7 lines filed
IX-11a Management feesPrograms $32,000$32,000
IX-11c Accounting feesManagement $595$595
IX-13 Office expensesManagement $1,341$1,341
IX-14 Information technologyPrograms $9,945$9,945
IX-16 OccupancyManagement $8,924$8,924
IX-23 InsurancePrograms $3,284$3,284
IX-24 Other expenses (24a–d)Programs $118,462$118,462
IX-25 Total functional expensesPrograms $163,691 · Management $10,860 · Fundraising $0$174,551
Part X · Balance sheet $368,292 assets, 6 lines filed
X-1 Cash, non-interest-bearingStart of year $366,533$368,292
X-16 Total assetsStart of year $366,533$368,292
X-26 Total liabilitiesStart of year $0$0
X-27 Net assets without donor restrictionsStart of year $366,533$368,292
X-32 Total net assets or fund balancesStart of year $366,533$368,292
X-33 Total liabilities and net assetsStart of year $366,533$368,292
Part XI · Reconciliation of net assets $368,292 net assets at year end
XI-1 Total revenue$176,310
XI-2 Total expenses$174,551
XI-3 Revenue less expenses$1,759
XI-4 Net assets at start of year$366,533
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$368,292

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

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