Read 718 provides individualized and small group literacy instruction to children in grades 1-8 from low-income households in brooklyn. Services are provided in our two literacy centers as well as remotely.

501(c)(3) charity; gifts are tax-deductible.
72¢ of each $1 spent went to programs.
Run by 322 volunteers and 14 employees.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · People: Part I, lines 5–6

Before you give

FY2025 · 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
6 of 6
filings with a surplus
Average surplus $123K a year · 17% of revenue · last 6 filings
Looks good: a surplus in 6 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
72%
of spending
Fine: 72% of spending went to programs; 65% to 75%.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$92K
to officers and key staff · 10% of spending
Looks good: pay to officers and key staff is 10% of spending; 15% or less.
Pt VII · Sec A
5 mo
of spending, in cash
Plus $757K in investments, Pt X · Ln 11–13
Looks good: 5.0 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $75K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$8K
0.7% of total assets
Looks good: liabilities are 1% of assets; 50% or less.
Pt X · Ln 26
Independent board members
15
of 15 voting members
Looks good: 15 of 15 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$1.2M
+34% vs prior year
Spent
$916K
To programs
72%
Net assets
$1.2M
By yearFY2020–FY2025
Revenue
$1.2M
FY2025▲ +34%
Tap a bar for its year
Revenue by fiscal year
FY2020$376K
FY2021$515K
FY2022$708K
FY2023$745K
FY2024$913K
FY2025$1.2M
Expenses
$916K
FY2025▲ +10%
Tap a bar for its year
Expenses by fiscal year
FY2020$321K
FY2021$413K
FY2022$560K
FY2023$696K
FY2024$829K
FY2025$916K
Net assets
$1.2M
FY2025▲ +34%
Tap a bar for its year
Net assets by fiscal year
FY2020$463K
FY2021$618K
FY2022$766K
FY2023$815K
FY2024$898K
FY2025$1.2M

From the FY2025 Form 990 (year ending July 2025) · figures checked against the IRS filing · see the original

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Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Jun 2014.

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

Where the money goes

72 cents of each dollar spent went to programs.

Program services 72% · $661K Management & general 14% · $129K Fundraising 14% · $126K

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

17 people listed on the 990; $92K paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2024); the FY2025 filing did not itemize Part VII
Executive Director
$91,846Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A

Emily Kirven’s $92K as Executive Director is at the 26th percentile of top reported officer pay among 3395 $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 · 1 named individual · Part VII

NameFY2025FY2024FY2023FY2022FY2021FY2020
Emily Kirven$91,846$69,270$62,210$60,677$56,923$56,708

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 718 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 15aYes

Programs and updates

Provides free or low-cost one-on-one reading help to Brooklyn students in grades 1-8.

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1 program · $661K · in their own filed words · FY2024
01

During the 2024-2025 school year, read 718 served 283 children, anincrease of about 5% over the prior year, providing over 10,000 hoursof one-to-one and small group instruction. For each 10 week cycle, weserved between 55-65 students in read 718 after school (in-person inour two literacy centers) and between 75-95 students in read…

$661Kprogram 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$75K

By the numbers

The FY2025 990, line by line.

1The main four
Money inPt VIII
$1.2M
Ln 12
Gifts and grantsLn 1h$1.2M
Investment incomeLn 3$35K
Fees for servicesLn 2g$15K
Money outPt IX
$916K
Ln 25
Programscol B$661K
Managementcol C$129K
Fundraisingcol D$126K
Owns and owesPt X
$1.2M
net assets · Ln 32
Cash and savingsLn 1–2$381K
Total assetsLn 16$1.2M
LiabilitiesLn 26$8K
PeoplePt VI, VII
17
listed · VII A
PaidVII A1
Voting boardVI 1a15
IndependentVI 1b15
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$1.2M
Noncash giftsLn 1g$25K
Fundraising eventsLn 1c$161K
Fees for servicesLn 2g$15K
Investment incomeLn 3$35K
Gains on assetsLn 7−$321
Total revenueLn 12$1.2M
Assets in detailPt X, end of year
CashLn 1$129K
SavingsLn 2$252K
Cash and savings togetherLn 1–2$381K
InvestmentsLn 11–13$757K
Land, buildings, equipmentLn 10c$47K
Total assetsLn 16$1.2M
LiabilitiesLn 26$8K
Net assetsLn 32$1.2M
OperationsPt I, VI
EmployeesI 514
VolunteersI 6322
Fiscal year endsHeaderJuly
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 FY25End FY25
Cash and savingsLn 1–2$351K$381K
InvestmentsLn 11–13$463K$757K
Land, buildings, equipmentLn 10c$60K$47K
Total assetsLn 16$905K$1.2M
LiabilitiesLn 26$7K$8K
Net assetsLn 32$898K$1.2M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$100K$50K$25K$25K
Other salaries and wagesLn 7$496K$387K$54K$54K
Pension plan contributionsLn 8$6K$5K$684$684
Other employee benefitsLn 9$41K$34K$4K$4K
Payroll taxesLn 10$49K$36K$6K$6K
Accounting feesLn 11c$11K$11K
Other fees for servicesLn 11g$31K$12K$3K$16K
Advertising and promotionLn 12$7K$7K
Office expensesLn 13$51K$37K$7K$7K
Information technologyLn 14$10K$4K$5K
OccupancyLn 16$73K$54K$9K$9K
TravelLn 17$126$126
Depreciation, depletion and amortizationLn 22$13K$10K$2K$2K
InsuranceLn 23$13K$10K$2K$2K
Other expenses (24a–d)Ln 24$15K$15K$188$188
Total functional expensesLn 25$916K$661K$129K$126K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest Viewing $1.2M$916K$303K$1.2M 990 PDF
FY2024 $913K$829K$83K$898K 990 PDF
FY2023 $745K$696K$49K$815K 990 PDF
FY2022 $708K$560K$148K$766K 990 PDF
FY2021 $515K$413K$102K$618K 990 PDF
FY2020 $376K$321K$55K$463K 990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support O · Explanations
See the full FY2025 990 (6 parts)
Part I · Summary $1,219,026 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $863,354$1,168,853
I-9 Program service revenuePrior year $16,116$14,962
I-10 Investment incomePrior year $33,211$35,211
I-11 Other revenuePrior year $0$0
I-12 Total revenuePrior year $912,681$1,219,026
I-13 Grants and similar amounts paidPrior year $0$0
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $641,182$692,247
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $188,019$223,809
I-18 Total expensesPrior year $829,201$916,056
I-19 Revenue less expensesPrior year $83,480$302,970
Part VI · Governance 15 of 15 board members independent, no flags
VI-1a Voting members of the governing body15
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 $1,219,026 across 9 lines filed
VIII-1c Fundraising events$160,670
VIII-1f All other contributions, gifts and grants$1,008,183
VIII-1g Noncash contributions (included above)$24,837
VIII-1h Total contributions, gifts and grants$1,168,853
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $14,962$14,962
VIII-3 Investment incomeExcluded from tax $35,532$35,532
VIII-7 Net gain or loss on sales of assetsExcluded from tax −$321−$321
VIII-8 Net income from fundraising events$0
VIII-12 Total revenueRelated to mission $14,962 · Unrelated business $0 · Excluded from tax $35,211$1,219,026
Part IX · Statement of functional expenses $916,056 across 15 lines filed
IX-5 Pay of current officers, directors and key staffPrograms $50,075 · Management $25,038 · Fundraising $25,038$100,151
IX-7 Other salaries and wagesPrograms $387,444 · Management $54,185 · Fundraising $54,185$495,814
IX-8 Pension plan contributionsPrograms $4,566 · Management $684 · Fundraising $684$5,934
IX-9 Other employee benefitsPrograms $33,793 · Management $3,694 · Fundraising $3,694$41,181
IX-10 Payroll taxesPrograms $36,383 · Management $6,392 · Fundraising $6,392$49,167
IX-11c Accounting feesManagement $11,141$11,141
IX-11g Other fees for servicesPrograms $11,846 · Management $2,721 · Fundraising $16,318$30,885
IX-12 Advertising and promotionPrograms $6,994$6,994
IX-13 Office expensesPrograms $37,426 · Management $6,577 · Fundraising $6,577$50,580
IX-14 Information technologyPrograms $4,375 · Management $5,137$9,512
IX-16 OccupancyPrograms $54,020 · Management $9,490 · Fundraising $9,490$73,000
IX-17 TravelPrograms $126$126
IX-22 Depreciation, depletion and amortizationPrograms $9,934 · Management $1,745 · Fundraising $1,745$13,424
IX-23 InsurancePrograms $9,768 · Management $1,716 · Fundraising $1,716$13,200
IX-24 Other expenses (24a–d)Programs $14,571 · Management $188 · Fundraising $188$14,947
IX-25 Total functional expensesPrograms $661,321 · Management $128,708 · Fundraising $126,027$916,056
Part X · Balance sheet $1,210,744 assets, 13 lines filed
X-1 Cash, non-interest-bearingStart of year $99,767$129,440
X-2 Savings and temporary cash investmentsStart of year $251,581$251,762
X-3 Pledges and grants receivableStart of year $25,000$14,162
X-9 Prepaid expenses and deferred chargesStart of year $6,157$11,556
X-10c Land, buildings and equipment, netStart of year $59,722$46,810
X-11 Publicly traded securitiesStart of year $463,094$757,014
X-16 Total assetsStart of year $905,321$1,210,744
X-17 Accounts payable and accrued expensesStart of year $6,954$8,308
X-26 Total liabilitiesStart of year $6,954$8,308
X-27 Net assets without donor restrictionsStart of year $898,367$1,192,436
X-28 Net assets with donor restrictions$10,000
X-32 Total net assets or fund balancesStart of year $898,367$1,202,436
X-33 Total liabilities and net assetsStart of year $905,321$1,210,744
Part XI · Reconciliation of net assets $1,202,436 net assets at year end
XI-1 Total revenue$1,219,026
XI-2 Total expenses$916,056
XI-3 Revenue less expenses$302,970
XI-4 Net assets at start of year$898,367
XI-5 Net unrealized gains (losses) on investments$1,099
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$1,202,436

Form 990 e-file (XML) FY2025 from the IRS · Classification, formation year and address from the IRS Business Master File

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