Read-Aloud Delaware INC FY2020 filing

Tax-deductible

Wilmington, DE501(c)(3)EIN 51-0280486Revenue $439K in FY2020

On file with the IRSreadalouddelaware.org100 W 10th St Ste 309, 19801-1642 · Wilmington, DETax-exempt since Apr 1987Publicly supported charity — 170(b)(1)(A)(vi)

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Our mission is to create a life-long impact through early childhood literacy.our vision is that children across Delaware will have the foundational literacy skills to succeed in school and life.

501(c)(3) charity; gifts are tax-deductible.
83¢ of each $1 spent went to programs.
$66K 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

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
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 $70K a year · 14% 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
83%
of spending
Looks good: 83% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$66K
to officers and key staff · 16% of spending
Fine: pay to officers and key staff is 16% of spending; 15% to 20%.
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 · $30K
Looks good: 5 funders name it on their filings; 3 or more.
Funders’ Sch. I, 990-PF
Liabilities
$25K
16% of total assets
Looks good: liabilities are 16% of assets; 50% or less.
Pt X · Ln 26
Independent board members
17
of 17 voting members
Looks good: 17 of 17 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$439K
Spent
$405K
To programs
83%
Net assets
$136K
By yearFY2020–FY2025
Revenue
$439K
FY2020
Tap a bar for its year
Revenue by fiscal year
FY2020$439K
FY2021$483K
FY2022$454K
FY2023$484K
FY2024$585K
FY2025$597K
Expenses
$405K
FY2020
Tap a bar for its year
Expenses by fiscal year
FY2020$405K
FY2021$363K
FY2022$398K
FY2023$477K
FY2024$522K
FY2025$457K
Net assets
$136K
FY2020
Tap a bar for its year
Net assets by fiscal year
FY2020$136K
FY2021$256K
FY2022$311K
FY2023$320K
FY2024$384K
FY2025$524K

From the FY2020 Form 990 (year ending June 2020) · see the original

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Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Apr 1987.

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

Where the money goes

83 cents of each dollar spent went to programs.

Program services 83% · $336K Management & general 10% · $39K Fundraising 7% · $29K

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

19 people listed on the 990; $66K paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2019); the FY2020 filing did not itemize Part VII
Executive Director
$65,648Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A

Compensation history total reportable pay by year · 2 named individuals · Part VII

NameFY2025FY2024FY2023FY2022FY2021FY2020
James Spadola$92,156$88,478$87,131$80,993$74,938—
Mary W Hirschbiel Retired—————$65,648

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.

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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 early childhood literacy to give children lifelong success in school and life.

Questions for Read-Aloud Delaware INC

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Provided by the organization

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1 program · $336K · in their own filed words · FY2019
01

Read aloud delaware, inc. Promotes and carries out programs aimed at ensuring preschool children have someone to read to them on a regular BASIS.IN the past year, nearly 600 volunteers provided about 26,000 reading sessions to over 6,800 individual children.

$336Kprogram 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
See all 5 funders →

By the numbers

The FY2020 990, line by line.

1The main four
Money inPt VIII
$439K
Ln 12
Gifts and grantsLn 1h$411K
Fees for servicesLn 2g$27K
Other incomeLn 4–11$984
Money outPt IX
$405K
Ln 25
Programscol B$336K
Managementcol C$39K
Fundraisingcol D$29K
Owns and owesPt X
$136K
net assets · Ln 32
Cash and savingsLn 1–2$158K
Total assetsLn 16$161K
LiabilitiesLn 26$25K
PeoplePt VI, VII
19
listed · VII A
PaidVII A1
Voting boardVI 1a17
IndependentVI 1b17
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$411K
Government grantsLn 1e$224K
Fundraising eventsLn 1c$23K
Fees for servicesLn 2g$27K
Other incomeLn 4–11$984
Total revenueLn 12$439K
Assets in detailPt X, end of year
CashLn 1$158K
Cash and savings togetherLn 1–2$158K
Land, buildings, equipmentLn 10c$642
Total assetsLn 16$161K
LiabilitiesLn 26$25K
Net assetsLn 32$136K
OperationsPt I, VI
EmployeesI 57
VolunteersI 6500
Fiscal year endsHeaderJune
Conflict-of-interest policyVI 12aYes
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$109K$158K
Land, buildings, equipmentLn 10c$793$642
Total assetsLn 16$118K$161K
LiabilitiesLn 26$17K$25K
Net assetsLn 32$101K$136K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$73K$38K$18K$18K
Other salaries and wagesLn 7$155K$152K$2K$1K
Other employee benefitsLn 9$40K$39K$879$879
Payroll taxesLn 10$18K$15K$1K$1K
Accounting feesLn 11c$15K$15K
Other fees for servicesLn 11g$9K$6K$632$3K
Advertising and promotionLn 12$311$76$235
Office expensesLn 13$5K$5K$7$120
OccupancyLn 16$29K$29K$100
TravelLn 17$12K$11K$243$219
Depreciation, depletion and amortizationLn 22$151$151
InsuranceLn 23$5K$5K
Other expenses (24a–d)Ln 24$30K$27K$626$2K
All other expensesLn 24e$13K$10K$558$3K
Total functional expensesLn 25$405K$336K$39K$29K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $597K$457K$140K$524K 990 PDF
FY2024 $585K$522K$63K$384K 990 PDF
FY2023 $484K$477K$7K$320K 990 PDF
FY2022 $454K$398K$56K$311K 990 PDF
FY2021 $483K$363K$120K$256K 990 PDF
FY2020 Viewing $439K$405K$34K$136K 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 $439,293 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $340,121$410,873
I-9 Program service revenuePrior year $41,363$27,436
I-10 Investment incomePrior year $0$0
I-11 Other revenuePrior year $9,129$984
I-12 Total revenuePrior year $390,613$439,293
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 $303,396$285,910
I-16a Professional fundraising feesPrior year $4,410$0
I-17 Other expensesPrior year $126,196$118,946
I-18 Total expensesPrior year $434,002$404,856
I-19 Revenue less expensesPrior year −$43,389$34,437
Part VI · Governance 17 of 17 board members independent, 3 to look at
VI-1a Voting members of the governing body17
VI-1b Independent voting members17
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
VI-12a Written conflict of interest policyYes
Part VIII · Statement of revenue $439,293 across 7 lines filed
VIII-1c Fundraising events$23,439
VIII-1e Government grants$223,500
VIII-1f All other contributions, gifts and grants$163,934
VIII-1h Total contributions, gifts and grants$410,873
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $27,436$27,436
VIII-8 Net income from fundraising eventsExcluded from tax $984$984
VIII-12 Total revenueRelated to mission $27,436 · Unrelated business $0 · Excluded from tax $984$439,293
Part IX · Statement of functional expenses $404,856 across 14 lines filed
IX-5 Pay of current officers, directors and key staffPrograms $37,703 · Management $17,521 · Fundraising $17,518$72,742
IX-7 Other salaries and wagesPrograms $151,945 · Management $1,942 · Fundraising $1,368$155,255
IX-9 Other employee benefitsPrograms $38,525 · Management $879 · Fundraising $879$40,283
IX-10 Payroll taxesPrograms $14,668 · Management $1,481 · Fundraising $1,481$17,630
IX-11c Accounting feesManagement $15,297$15,297
IX-11g Other fees for servicesPrograms $6,118 · Management $632 · Fundraising $2,631$9,381
IX-12 Advertising and promotionPrograms $76 · Fundraising $235$311
IX-13 Office expensesPrograms $4,852 · Management $7 · Fundraising $120$4,979
IX-16 OccupancyPrograms $29,083 · Management $100$29,183
IX-17 TravelPrograms $11,055 · Management $243 · Fundraising $219$11,517
IX-22 Depreciation, depletion and amortizationManagement $151$151
IX-23 InsurancePrograms $5,097$5,097
IX-24 Other expenses (24a–d)Programs $27,340 · Management $626 · Fundraising $1,876$29,842
IX-24e All other expensesPrograms $9,769 · Management $558 · Fundraising $2,861$13,188
IX-25 Total functional expensesPrograms $336,231 · Management $39,437 · Fundraising $29,188$404,856
Part X · Balance sheet $161,242 assets, 14 lines filed
X-1 Cash, non-interest-bearingStart of year $109,495$158,168
X-3 Pledges and grants receivableStart of year $3,209$0
X-4 Accounts receivableStart of year $387$0
X-9 Prepaid expenses and deferred chargesStart of year $4,477$2,432
X-10c Land, buildings and equipment, netStart of year $793$642
X-16 Total assetsStart of year $118,361$161,242
X-17 Accounts payable and accrued expensesStart of year $12,145$10,774
X-19 Deferred revenueStart of year $4,875$500
X-24 Unsecured notes and loans payableStart of year $0$14,190
X-26 Total liabilitiesStart of year $17,020$25,464
X-27 Net assets without donor restrictionsStart of year $85,469$106,117
X-28 Net assets with donor restrictionsStart of year $15,872$29,661
X-32 Total net assets or fund balancesStart of year $101,341$135,778
X-33 Total liabilities and net assetsStart of year $118,361$161,242
Part XI · Reconciliation of net assets $135,778 net assets at year end
XI-1 Total revenue$439,293
XI-2 Total expenses$404,856
XI-3 Revenue less expenses$34,437
XI-4 Net assets at start of year$101,341
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$135,778

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

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