The Reading Group EIN 37-1232871 Form 990 (PDF) Claim this org

The Reading Group FY2021 filing

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Helps children with unique learning needs and supports their families and schools. For fiscal year 2021 it reported $202K in revenue, $208K in expenses, and $35K in net assets.Pt I

Type
Public charity (501(c)(3)) · Education
Location
Champaign, IL
Website
www.readinggroup.org
Filings
3 on file (2020–2021)
Revenue
$202KFY2021
Expenses
$208K
Net assets
$35K
People
7
Filings
3
Updates
0
More identity details & actions ⌄
EIN  37-1232871 Public charity (501(c)(3)) Champaign, IL
Form 990 (PDF)
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Size
$100K–1M
What they do
Helps children with unique learning needs and supports their families and schools.
Leadership
Tina Johnson · President
Money in and out
$202K revenue, $208K expenses
Bottom line
67% program efficiency
Where the money goes · FY2021
Total revenue
$202K
Pt VIII · Ln 12
Total expenses
$208K
Pt IX · Ln 25
Net assets
$35K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): −$6K
Where spending went · Part IX cols B–D
Program services $0.67 Management & general $0.28 Fundraising $0.05
Program efficiency
67%
of spending reaches programs
Operating runway
2.0mo
months of highly liquid reserves at operating expense rate
Surplus margin
-3%
revenue over expenses, this year

Summary of the Filing

Part I · fiscal year 2021 · Form 990
Revenue
$202K
FY2021▲ +15%
Expenses
$208K
FY2021▲ +23%
Total assets
$37K
FY2021▼ -13%
Total liabilities
$2K
FY2021▼ -2%
Total revenue
$202K
Pt VIII · Ln 12
Total expenses
$208K
Pt IX · Ln 25
Net assets
$35K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19−$6K
Total assetsPt X · Ln 16$37K
Program-expense ratioPt IX · col B67%
Voting members of governing bodyPt I · Ln 37
Independent voting membersPt I · Ln 47

Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CThe Reading Group
EINHdr · item D37-1232871
Principal addressHdr · item CChampaign, IL
WebsiteHdr · item Jwww.readinggroup.org
Year of formationHdr · item Lpending
State of legal domicileHdr · item MIL
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFEducation (B92Z)
Ruling yearIRS BMFJan 1989

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a7
Independent voting membersPt VI · Ln 1b7
Conflict-of-interest policyPt VI · Ln 12aNo
Whistleblower policyPt VI · Ln 13No
Document retention policyPt VI · Ln 14No
CEO/top-official compensation independently reviewedPt VI · Ln 15aYes
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
President
$0Pt VII · Sec A
Vice President
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Director
$0Pt VII · Sec A

James H Jones’s $27K as Executive Director is at the 20th percentile of top reported officer pay among 1613 $100K–1M 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.

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Mission & Programs · Part III

Where the work happens

1 program service account for $139K of program spending, described in the organization's own filed words · FY2021.
01

Testing, instruction and related workshops for children and adults

$139Kprogram expense

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Statement of Revenue

Part VIII
Program service revenue$134K · 66%
Contributions & grants$53K · 26%
Other revenue$16K · 8%
Program service revenue66%$134K
Contributions & grants26%$53K
Other revenue8%$16K
Investment income$1
Total revenueLn 12$202K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.67 Management & general $0.28 Fundraising $0.05
Program services67%$139K
Management & general28%$58K
Fundraising5%$11K
Total functional expensesLn 25$208K

Balance Sheet

Part X · end of year
CashLn 1$35K
Total assetsLn 16$37K
Total liabilitiesLn 26$2K
Total net assetsLn 32$35K
Months of cash on handcomputed2.0

Financial Metrics

Form 990 · FY2021 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $35K · Operating expenses/yr $208K
2.0 months
Where the money goes
Program services
Program services $139K · Total expenses $208K
67%
Management & General
Management & general $58K · Total expenses $208K
28%
Fundraising
Fundraising $11K · Total expenses $208K
5%
Cost to raise $1
Fundraising expense (2-yr avg) $11K · Solicited contributions (2-yr avg) $51K
$0.23 to raise $1 (2-yr avg)
Where the money comes from
Contribution dependence
Contributions & grants $53K · Total revenue $202K
26%
Government reliance
Government grants — · Total revenue $202K
Earned-income share
Program service revenue $134K · Total revenue $202K
66%
Investment reliance
Investment income $1 · Total revenue $202K
<0.01%
Program self-sufficiency
Program service revenue $134K · Total expenses $208K
64%
Growth & trend
Revenue growth (YoY)
This year $202K · Prior year $176K
+15%
Net-asset trend (YoY)
End of year $35K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $202K · Expenses $208K
-3%
Liabilities-to-Assets
Total liabilities — · Total assets $37K
Net-asset ratio
Net assets $35K · Total assets $37K
94%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $37K
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Tina Johnson · Reported title PRESIDENT · Highest reported compensation $0 · Total expenses $208K
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $109K · Total expenses $208K
52%
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 67%
Overhead ratio 28%
Fundraising cost ratio 21%
Revenue growth 15%

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

Grants

Schedule I · received and paid
Grants received · FY2023
Total grants receivedfrom 3 funders$7K
See all 3 funders →
Grants paid · 2 grants · $29K · 2020–2021
Unitemized GrantFY2021$18,610
Unitemized GrantFY2020$10,288

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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2022 (Latest)$167K revenue · ⤓ 990 PDF
FY2021$202K revenue · viewing · ⤓ 990 PDF
FY2020$176K revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2021IRS
Classification, formation year, addressIRS Business Master File
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