Lead to Read INC EIN 82-1256215 Form 990 (PDF) Claim this org

Lead to Read INC FY2021 filing

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Provides weekly reading mentors to young students in Kansas City classrooms. For fiscal year 2021 it reported $642K in revenue, $338K in expenses, and $662K in net assets.Pt I

Type
Public charity (501(c)(3)) · Human Services
Location
Kansas City, MO
Website
www.leadtoreadkc.org
Filings
5 on file (2021–2021)
Revenue
$642KFY2021
Expenses
$338K
Net assets
$662K
People
17
Filings
5
Updates
0
More identity details & actions ⌄
EIN  82-1256215 Public charity (501(c)(3)) Kansas City, MO
Form 990 (PDF)
You’re viewing the FY2021 filing — not the latest on file. See the latest (FY2025) →
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Size
$1–10M
What they do
Provides weekly reading mentors to young students in Kansas City classrooms.
Leadership
Pauly Hart · President · $59K
Money in and out
$642K revenue, $338K expenses
Bottom line
66% program efficiency
Where the money goes · FY2021
Total revenue
$642K
Pt VIII · Ln 12
Total expenses
$338K
Pt IX · Ln 25
Net assets
$662K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $304K
Where spending went · Part IX cols B–D
Program services $0.66 Management & general $0.18 Fundraising $0.16
Program efficiency
66%
of spending reaches programs
Operating runway
23.8mo
months of highly liquid reserves at operating expense rate
Surplus margin
+47%
revenue over expenses, this year

Summary of the Filing

Part I · fiscal year 2021 · Form 990
Revenue
$642K
FY2021
Expenses
$338K
FY2021
Total assets
$662K
FY2021
Total liabilities
$0
FY2021
Total revenue
$642K
Pt VIII · Ln 12
Total expenses
$338K
Pt IX · Ln 25
Net assets
$662K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$304K
Total assetsPt X · Ln 16$662K
Program-expense ratioPt IX · col B66%
Voting members of governing bodyPt I · Ln 315
Independent voting membersPt I · Ln 414
Mission & Programs · Part III

Where the work happens

1 program service account for $225K of program spending, described in the organization's own filed words · FY2020.
01

Coordination of weekly one-on-one reading volunteer mentors in kindergarten through 3RD grade classrooms across the greater kansas city area.

$225Kprogram expense

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Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CLead to Read INC
EINHdr · item D82-1256215
Principal addressHdr · item CKansas City, MO
WebsiteHdr · item Jwww.leadtoreadkc.org
Year of formationHdr · item Lpending
State of legal domicileHdr · item MMO
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFHuman Services (P20)
Ruling yearIRS BMFJun 2017

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a15
Independent voting membersPt VI · Ln 1b14
Conflict-of-interest policyPt VI · Ln 12aYes
Whistleblower policyPt VI · Ln 13Yes
Document retention policyPt VI · Ln 14Yes
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 · most recent filed roster (FY2020); the FY2021 filing did not itemize Part VII
President
$59,114Pt VII · Sec A
$13,754Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
$0Pt VII · Sec A

Rhea Legrande’s $66K as Executive Di is at the 10th percentile of top reported officer pay among 3864 $1–10M human services 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 · 3 named individuals · Part VII

NameFY2025FY2024FY2023FY2022FY2021
Pauly Hart$95,609$96,500$55,917$59,114
Rhea Legrande$66,222
Sarah Gaikwad$21,935$13,754

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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Statement of Revenue

Part VIII
Contributions & grants100%$644K
Investment income$48
— government grantsLn 1e$38K
Total revenueLn 12$642K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.66 Management & general $0.18 Fundraising $0.16
Program services66%$225K
Management & general18%$60K
Fundraising16%$53K
Total functional expensesLn 25$338K

Balance Sheet

Part X · end of year
CashLn 1$662K
Total assetsLn 16$662K
Total liabilitiesLn 26$0
Total net assetsLn 32$662K
Months of cash on handcomputed23.5

Financial Metrics

Form 990 · FY2021 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $662K · Operating expenses (Pt IX) $338K · Less non-cash grants $4K · Cash operating expenses/yr $334K
23.8 months
Where the money goes
Program services
Program services $225K · Total expenses $338K
66%
Management & General
Management & general $60K · Total expenses $338K
18%
Fundraising
Fundraising $53K · Total expenses $338K
16%
Cost to raise $1
Fundraising expense $53K · Solicited contributions $605K
$0.09 to raise $1
Where the money comes from
Contribution dependence
Contributions & grants $644K · Total revenue $642K
100%
Government reliance
Government grants $38K · Total revenue $642K
6%
Earned-income share
Program service revenue $0 · Total revenue $642K
0%
Investment reliance
Investment income $48 · Total revenue $642K
<0.01%
Program self-sufficiency
Program service revenue $0 · Total expenses $338K
0%
Growth & trend
Revenue growth (YoY)
This year $642K · Prior year —
No prior year on file
Net-asset trend (YoY)
End of year $662K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $642K · Expenses $338K
+47%
Liabilities-to-Assets
Total liabilities — · Total assets $662K
Net-asset ratio
Net assets $662K · Total assets $662K
100%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $662K
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Pauly Hart · Reported title PRESIDENT · Highest reported compensation $59K · Total expenses $338K
17%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $225K · Total expenses $338K
67%
Peer comparison

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

MetricThis orgPeer medianPercentile
Program ratio 66%
Overhead ratio 18%
Fundraising cost ratio 8%
Accounting fee ratio 6%
Fundraising fee ratio 5%

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 · funders on record
Grants received · FY2024
See all 22 funders →

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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
FY2025 (Latest)$1.1M revenue · ⤓ 990 PDF
FY2024$914K revenue · ⤓ 990 PDF
FY2023$939K revenue · ⤓ 990 PDF
FY2022$860K revenue · ⤓ 990 PDF
FY2021$642K revenue · viewing · ⤓ 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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