Reading Connections INC FY2021 filing

Tax-deductible

Greensboro, NC501(c)(3)EIN 56-1726754Revenue $761K in FY2021

On file with the IRSreadingconnections.org415 N Edgeworth St Ste 130, 27401-2071 · Greensboro, NCTax-exempt since Apr 1992Publicly supported charity — 170(b)(1)(A)(vi)

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Reading Connections transforms our community by improving literacy and promoting educational equity for people of all ages, empowering them to navigate changes in an increasingly complex world.

501(c)(3) charity; gifts are tax-deductible.
85¢ of each $1 spent went to programs.
$89K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

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FY2021 · 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
1 of 5
filings with a surplus
Average deficit $92K a year · 11% of revenue · last 5 filings
Concern: a surplus in 1 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
85%
of spending
Looks good: 85% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$89K
to officers and key staff · 11% of spending
Looks good: pay to officers and key staff is 11% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
7 mo
of spending, in cash
Looks good: 6.9 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
8
named funders · $377K
Looks good: 8 funders name it on their filings; 3 or more.
Funders’ Sch. I, 990-PF
Liabilities
$150K
19% of total assets
Looks good: liabilities are 19% 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
$761K
Spent
$839K
To programs
85%
Net assets
$626K
By yearFY2021–FY2025
Revenue
$761K
FY2021
Tap a bar for its year
Revenue by fiscal year
FY2021$761K
FY2022$876K
FY2023$859K
FY2024$967K
FY2025$934K
Expenses
$839K
FY2021
Tap a bar for its year
Expenses by fiscal year
FY2021$839K
FY2022$806K
FY2023$873K
FY2024$1.2M
FY2025$1.2M
Net assets
$626K
FY2021
Tap a bar for its year
Net assets by fiscal year
FY2021$626K
FY2022$671K
FY2023$666K
FY2024$461K
FY2025$237K

From the FY2021 Form 990 (year ending June 2021) · figures checked against the IRS filing · see the original

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You’re viewing the FY2021 filing — not the latest on file. See the latest (FY2025) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Apr 1992.

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

Where the money goes

85 cents of each dollar spent went to programs.

Program services 85% · $712K Management & general 7% · $62K Fundraising 8% · $65K

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

20 people listed on the 990; $89K paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2020); the FY2021 filing did not itemize Part VII
Executive Director
$88,599Pt VII · Sec A
Vice-Chair
$0Pt VII · Sec A
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
Past President
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A

Compensation history total reportable pay by year · 5 named individuals · Part VII

NameFY2025FY2024FY2023FY2022FY2021
Jennifer Gore———$83,662$88,599
Anne Tubaugh$78,905$44,575———
Mike Campbell——$68,789——
John Storm———$63,712—
Lisa Escue——$45,840——

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 15aYes

Programs and updates

Improves literacy and promotes educational equity for all ages, empowering them for a complex world.

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Provided by the organization

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1 program · $712K · in their own filed words · FY2020
01

Reading connections, inc. Provides free adult literacy services and works to increase community awareness of adult literacy needs. Services are provided through one-on-one volunteer tutoring and on-site STAFF/VOLUNTEER instruction to students working on basic skills, ged preparation, or english as a second language.

$712Kprogram 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 8 funders →

By the numbers

The FY2021 990, line by line.

1The main four
Money inPt VIII
$761K
Ln 12
Gifts and grantsLn 1h$758K
Investment incomeLn 3$2K
Other incomeLn 4–11$1K
Money outPt IX
$839K
Ln 25
Programscol B$712K
Managementcol C$62K
Fundraisingcol D$65K
Owns and owesPt X
$626K
net assets · Ln 32
Cash and savingsLn 1–2$480K
Total assetsLn 16$776K
LiabilitiesLn 26$150K
PeoplePt VI, VII
20
listed · VII A
PaidVII A1
Voting boardVI 1a17
IndependentVI 1b17
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$758K
Government grantsLn 1e$349K
Noncash giftsLn 1g$3K
Fundraising eventsLn 1c$80K
Investment incomeLn 3$2K
Other incomeLn 4–11$1K
Total revenueLn 12$761K
Assets in detailPt X, end of year
CashLn 1$327K
SavingsLn 2$153K
Cash and savings togetherLn 1–2$480K
InvestmentsLn 11–13$134K
Land, buildings, equipmentLn 10c$3K
Total assetsLn 16$776K
LiabilitiesLn 26$150K
Net assetsLn 32$626K
OperationsPt I, VI
EmployeesI 530
VolunteersI 6229
Fiscal year endsHeaderJune
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 FY21End FY21
Cash and savingsLn 1–2$372K$480K
InvestmentsLn 11–13$103K$134K
Land, buildings, equipmentLn 10c$3K$3K
Total assetsLn 16$820K$776K
LiabilitiesLn 26$147K$150K
Net assetsLn 32$673K$626K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$91K$82K$5K$4K
Other salaries and wagesLn 7$533K$478K$31K$23K
Payroll taxesLn 10$48K$43K$3K$2K
Accounting feesLn 11c$8K$2K$4K$2K
Investment management feesLn 11f$2K$2K
Other fees for servicesLn 11g$43K$5K$8K$30K
Advertising and promotionLn 12$4K$2K$2K$44
Office expensesLn 13$9K$8K$573$688
OccupancyLn 16$49K$44K$4K$1K
TravelLn 17$639$639
Conferences, conventions and meetingsLn 19$485$385$50$50
Depreciation, depletion and amortizationLn 22$2K$1K$383
InsuranceLn 23$7K$5K$2K$294
Other expenses (24a–d)Ln 24$41K$39K$765$1K
All other expensesLn 24e$323$111$211$1
Total functional expensesLn 25$839K$712K$62K$65K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $934K$1.2M−$224K$237K 990 PDF
FY2024 $967K$1.2M−$216K$461K 990 PDF
FY2023 $859K$873K−$14K$666K 990 PDF
FY2022 $876K$806K$70K$671K 990 PDF
FY2021 Viewing $761K$839K−$78K$626K 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 FY2021 990 (6 parts)
Part I · Summary $760,969 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $757,306$757,732
I-9 Program service revenuePrior year $50,574$0
I-10 Investment incomePrior year $603$1,865
I-11 Other revenuePrior year $1,491$1,372
I-12 Total revenuePrior year $809,974$760,969
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 $647,298$672,264
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $188,507$166,872
I-18 Total expensesPrior year $835,805$839,136
I-19 Revenue less expensesPrior year −$25,831−$78,167
Part VI · Governance 17 of 17 board members independent, no flags
VI-1a Voting members of the governing body17
VI-1b Independent voting members17
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 $760,969 across 10 lines filed
VIII-1a Federated campaigns$106,019
VIII-1c Fundraising events$80,369
VIII-1e Government grants$349,078
VIII-1f All other contributions, gifts and grants$222,266
VIII-1g Noncash contributions (included above)$2,756
VIII-1h Total contributions, gifts and grants$757,732
VIII-3 Investment incomeExcluded from tax $1,865$1,865
VIII-8 Net income from fundraising eventsExcluded from tax −$1,490−$1,490
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $2,862$2,862
VIII-12 Total revenueRelated to mission $2,862 · Unrelated business $0 · Excluded from tax $375$760,969
Part IX · Statement of functional expenses $839,136 across 15 lines filed
IX-5 Pay of current officers, directors and key staffPrograms $82,065 · Management $5,368 · Fundraising $4,002$91,435
IX-7 Other salaries and wagesPrograms $478,470 · Management $31,300 · Fundraising $23,329$533,099
IX-10 Payroll taxesPrograms $42,839 · Management $2,802 · Fundraising $2,089$47,730
IX-11c Accounting feesPrograms $2,146 · Management $3,648 · Fundraising $2,206$8,000
IX-11f Investment management feesManagement $1,788$1,788
IX-11g Other fees for servicesPrograms $4,937 · Management $8,396 · Fundraising $30,077$43,410
IX-12 Advertising and promotionPrograms $2,413 · Management $1,547 · Fundraising $44$4,004
IX-13 Office expensesPrograms $8,078 · Management $573 · Fundraising $688$9,339
IX-16 OccupancyPrograms $43,878 · Management $3,720 · Fundraising $1,172$48,770
IX-17 TravelPrograms $639$639
IX-19 Conferences, conventions and meetingsPrograms $385 · Management $50 · Fundraising $50$485
IX-22 Depreciation, depletion and amortizationPrograms $1,382 · Management $383$1,765
IX-23 InsurancePrograms $5,091 · Management $1,931 · Fundraising $294$7,316
IX-24 Other expenses (24a–d)Programs $39,175 · Management $765 · Fundraising $1,093$41,033
IX-24e All other expensesPrograms $111 · Management $211 · Fundraising $1$323
IX-25 Total functional expensesPrograms $711,609 · Management $62,482 · Fundraising $65,045$839,136
Part X · Balance sheet $775,714 assets, 15 lines filed
X-1 Cash, non-interest-bearingStart of year $219,429$327,363
X-2 Savings and temporary cash investmentsStart of year $152,422$152,557
X-3 Pledges and grants receivableStart of year $336,107$157,792
X-4 Accounts receivableStart of year $6,000$0
X-9 Prepaid expenses and deferred chargesStart of year $673$1,252
X-10c Land, buildings and equipment, netStart of year $2,900$3,061
X-11 Publicly traded securitiesStart of year $18,426$24,010
X-12 Other securitiesStart of year $84,459$109,679
X-16 Total assetsStart of year $820,416$775,714
X-17 Accounts payable and accrued expensesStart of year $147,444$150,035
X-26 Total liabilitiesStart of year $147,444$150,035
X-27 Net assets without donor restrictionsStart of year $282,865$382,370
X-28 Net assets with donor restrictionsStart of year $390,107$243,309
X-32 Total net assets or fund balancesStart of year $672,972$625,679
X-33 Total liabilities and net assetsStart of year $820,416$775,714
Part XI · Reconciliation of net assets $625,679 net assets at year end
XI-1 Total revenue$760,969
XI-2 Total expenses$839,136
XI-3 Revenue less expenses−$78,167
XI-4 Net assets at start of year$672,972
XI-5 Net unrealized gains (losses) on investments$30,874
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$625,679

Form 990 e-file (XML) FY2021 from the IRS · Classification, formation year and address from the IRS Business Master File

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