Bear Reading Center INC FY2020 filing

Tax-deductible

Mishawaka, IN501(c)(3)EducationEIN 27-2481512Revenue $256K in FY2020

On file with the IRS1802 Rambling Rose Ln, 46544-5888 · Mishawaka, INTax-exempt since Apr 2011Publicly supported — 509(a)(2)

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To promote literacy for children and adults

501(c)(3) charity; gifts are tax-deductible.
58¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

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FY2020 · 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
58%
of spending
Worth a look: 58% of spending went to programs; under 65%.
Pt IX · Ln 25 · col B
Cash reserves
7 mo
of spending, in cash
Looks good: 7.1 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
$256K
Spent
$354K
To programs
58%
Net assets
$208K
By yearFY2020–FY2024
Revenue
$256K
FY2020
Tap a bar for its year
Revenue by fiscal year
FY2020$256K
FY2021$357K
FY2022$269K
FY2023$239K
FY2024$176K
Expenses
$354K
FY2020
Tap a bar for its year
Expenses by fiscal year
FY2020$354K
FY2021$214K
FY2022$244K
FY2023$249K
FY2024$175K
Net assets
$208K
FY2020
Tap a bar for its year
Net assets by fiscal year
FY2020$208K
FY2021$352K
FY2022$377K
FY2023$367K
FY2024$368K

From the FY2020 Form 990 · see the original

990 PDF Claim
You’re viewing the FY2020 filing — not the latest on file. See the latest (FY2024) →

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

58 cents of each dollar spent went to programs.

Program services 58% · $205K Management & general 8% · $27K Fundraising 34% · $121K

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

6 people listed on the 990.

Part VII, Section A · reportable compensation
Secretary
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
Member at Large
$0Pt VII · Sec A
Board Charman
$0Pt VII · Sec A
Vice Chairman
$0Pt VII · Sec A
Executive Director
$0Pt VII · Sec A
See Bear Reading Center INC executive salaries →

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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 15aNo

Programs and updates

Promotes literacy for children and adults.

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Provided by the organization

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1 program · $205K · in their own filed words · FY2020
01

Tutoring students to overcome learning disabilities assesment of children and adults for learning disabilities promote public aqwareness pof literacy issues

$205Kprogram 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 · FY2023
Total grants receivedfrom 1 funder$11

By the numbers

The FY2020 990, line by line.

1The main four
Money inPt VIII
$256K
Ln 12
Fees for servicesLn 2g$172K
Gifts and grantsLn 1h$80K
Investment incomeLn 3$3K
Money outPt IX
$354K
Ln 25
Programscol B$205K
Managementcol C$27K
Fundraisingcol D$121K
Owns and owesPt X
$208K
net assets · Ln 32
Cash and savingsLn 1–2$208K
Total assetsLn 16$208K
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$80K
Fundraising eventsLn 1c$61K
Fees for servicesLn 2g$172K
Investment incomeLn 3$3K
Total revenueLn 12$256K
Assets in detailPt X, end of year
CashLn 1$208K
Cash and savings togetherLn 1–2$208K
Total assetsLn 16$208K
LiabilitiesLn 26$0
Net assetsLn 32$208K
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 FY20End FY20
Cash and savingsLn 1–2$306K$208K
Total assetsLn 16$306K$208K
LiabilitiesLn 26$0$0
Net assetsLn 32$306K$208K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Accounting feesLn 11c$500$500
Office expensesLn 13$8K$8K
OccupancyLn 16$27K$27K
Other expenses (24a–d)Ln 24$197K$197K
All other expensesLn 24e$121K$121K
Total functional expensesLn 25$354K$205K$27K$121K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $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 Viewing $256K$354K−$98K$208K 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 FY2020 990 (6 parts)
Part I · Summary $255,679 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $281,038$80,236
I-9 Program service revenuePrior year $202,933$171,986
I-10 Investment income$3,457
I-11 Other revenue$0
I-12 Total revenuePrior year $483,971$255,679
I-13 Grants and similar amounts paidPrior year $41,600$0
I-14 Benefits paid to members$0
I-15 Salaries and benefits$0
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $261,660$353,560
I-18 Total expensesPrior year $303,260$353,560
I-19 Revenue less expensesPrior year $180,711−$97,881
Part VI · Governance 6 of 6 board members independent, 4 to look at
VI-1a Voting members of the governing body6
VI-1b Independent voting members6
VI-12a Written conflict of interest policyNo
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
Part VIII · Statement of revenue $255,679 across 6 lines filed
VIII-1c Fundraising events$60,571
VIII-1f All other contributions, gifts and grants$19,665
VIII-1h Total contributions, gifts and grants$80,236
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $171,986$171,986
VIII-3 Investment incomeRelated to mission $3,457$3,457
VIII-12 Total revenueRelated to mission $175,443 · Unrelated business $0 · Excluded from tax $0$255,679
Part IX · Statement of functional expenses $353,560 across 5 lines filed
IX-11c Accounting feesManagement $500$500
IX-13 Office expensesPrograms $8,452$8,452
IX-16 OccupancyManagement $26,910$26,910
IX-24 Other expenses (24a–d)Programs $196,814$196,814
IX-24e All other expensesFundraising $120,884$120,884
IX-25 Total functional expensesPrograms $205,266 · Management $27,410 · Fundraising $120,884$353,560
Part X · Balance sheet $208,166 assets, 6 lines filed
X-1 Cash, non-interest-bearingStart of year $306,047$208,166
X-16 Total assetsStart of year $306,047$208,166
X-26 Total liabilitiesStart of year $0$0
X-27 Net assets without donor restrictionsStart of year $306,047$208,166
X-32 Total net assets or fund balancesStart of year $306,047$208,166
X-33 Total liabilities and net assetsStart of year $306,047$208,166
Part XI · Reconciliation of net assets $208,166 net assets at year end
XI-1 Total revenue$255,679
XI-2 Total expenses$353,560
XI-3 Revenue less expenses−$97,881
XI-4 Net assets at start of year$306,047
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$208,166

Form 990 e-file (XML) FY2020 from the IRS · Classification, formation year and address from the IRS Business Master File

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