Steamboat Reading INC

Tax-deductible

Steamboat Springs, CO501(c)(3)Since 2019EducationEIN 83-2970520

Creating a community of support for struggling readers and their families through one-on-one tutoring, formal evaluations,advocacy, parent education, and dyslexia awareness.

501(c)(3) charity; gifts are tax-deductible.
83¢ of each $1 spent went to programs.
Run by 7 volunteers and 6 employees.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · People: Part I, lines 5–6

Before you give

FY2024 · 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
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
4 of 5
filings with a surplus
Average surplus $28K a year · 11% of revenue · last 5 filings
Fine: a surplus in 4 of the last 5 filings.
Pt I · Ln 19 · 5 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
$52K
to officers and key staff · 16% of spending
Top officer’s pay lower than 56% of similar orgs
Fine: pay to officers and key staff is 16% of spending; 15% to 20%.
Pt VII · Sec A
Cash reserves
9 mo
of spending, in cash
Looks good: 8.6 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
2
named funders · $22K
Fine: 2 funders name it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$99K
38% of total assets
Looks good: liabilities are 38% of assets; 50% or less.
Pt X · Ln 26
Independent board members
6
of 6 voting members
Looks good: 6 of 6 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$262K
-37% vs prior year
Spent
$327K
To programs
83%
Net assets
$163K
By yearFY2020–FY2024
Revenue
$262K
FY2024▼ -37%
Revenue by fiscal year
FY2020$130K
FY2021$220K
FY2022$248K
FY2023$420K
FY2024$262K
Expenses
$327K
FY2024▲ +5%
Expenses by fiscal year
FY2020$116K
FY2021$175K
FY2022$209K
FY2023$312K
FY2024$327K
Net assets
$163K
FY2024▼ -24%
Net assets by fiscal year
FY2020$24K
FY2021$69K
FY2022$108K
FY2023$215K
FY2024$163K

From the FY2024 Form 990 · see the original

Give Claim

Status and standing

Is it real, and can you give to it?

Tax-deductible?
Yes
Per the IRS master file.
Can I give now?
No revocation on IRS record
Not on the IRS revocation list.
Filing up to date?
Filed FY2024 (typical filing lag)
Legal name (IRS)Hdr · item CSteamboat Reading INC
EINHdr · item D83-2970520
Exempt statusHdr · item I501(c)(3) · active
Ruling yearIRS BMFJun 2019
Year of formationHdr · item L2019
Latest filingForm 990FY2024 · Form 990
Principal addressHdr · item CSteamboat Springs, CO
NTEE classificationIRS BMFEducation (B92)
WebsiteHdr · item Jwww.steamboatreading.org

Where the money goes

What each dollar paid for.

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.83 Management & general $0.08 Fundraising $0.09
Program services83%$270K
Management & general8%$26K
Fundraising9%$31K
Total functional expensesLn 25$327K

Finances

Money in and out, what it owns and owes

Spent on programs
83%
of spending reaches programs▼ -6% vs prior filing year
Months of spending covered by cash
8.6mo
months of spending covered by cash and easy-to-sell investments▲ +2% vs prior filing year
Surplus or deficit
-25%
as % of revenue, this year▼ -196% vs prior filing year

Summary of the Filing

Part I · fiscal year 2024 · Form 990
Total assets
$263K
FY2024▲ +16%
Total assets by fiscal year
FY2020$27K
FY2021$72K
FY2022$115K
FY2023$226K
FY2024$263K
Total liabilities
$99K
FY2024▲ +792%
Total liabilities by fiscal year
FY2020$3K
FY2021$4K
FY2022$8K
FY2023$11K
FY2024$99K
Revenue less expensesPt I · Ln 19−$64K
Total assetsPt X · Ln 16$263K
Spent on programsPt IX · col B83%
Voting members of governing bodyPt I · Ln 36
Independent voting membersPt I · Ln 46

Balance Sheet

Part X · end of year
CashLn 1$233K
Total assetsLn 16$263K
Total liabilitiesLn 26$99K
Total net assetsLn 32$163K
Months of cash on handcomputed8.6

Statement of Revenue

Part VIII
Contributions & grants$131K · 50%
Program service revenue$129K · 49%
Investment income$3K · 1%
Contributions & grants50%$131K
Program service revenue49%$129K
Investment income1%$3K
— government grantsLn 1e$12K
Total revenueLn 12$262K

Money in detail

Form 990 · FY2024 · each figure shown with the dollars behind it
Cash and giving out
Months of spending covered by cash
Cash and easy-to-sell investments $233K · Operating expenses/yr $327K
8.6 months
Where the money goes
Program services
Program services $270K · Total expenses $327K
83%
Management & General
Management & general $26K · Total expenses $327K
8%
Fundraising
Fundraising $31K · Total expenses $327K
9%
Cost to raise $1
Fundraising expense (3-yr avg) $17K · Solicited contributions (3-yr avg) $171K
$0.10 to raise $1 (3-yr avg)
Where the money comes from
Contribution dependence
Contributions & grants $131K · Total revenue $262K
50%
Government reliance
Government grants $12K · Total revenue $262K
4%
Earned-income share
Program service revenue $129K · Total revenue $262K
49%
Investment reliance
Investment income $3K · Total revenue $262K
+1%
Program self-sufficiency
Program service revenue $129K · Total expenses $327K
39%
Growth & trend
Revenue change from last year
This year $262K · Prior year $420K
-37%
Revenue, average yearly change over 5 years
FY2020 $130K · FY2024 $262K
+19%
Net assets change over the year
End of year $163K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus or deficit, as % of revenue
Revenue $262K · Expenses $327K
-25%
Debts compared to what it owns
Total liabilities — · Total assets $263K
—
Net assets compared to what it owns
Net assets $163K · Total assets $263K
62%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) $0 · Other securities (Pt X, ln 12) $0 · Total assets (Pt X, ln 16) $263K
0%
People & payroll
Highest Reported Total Compensation
Individual Kim Schulz · Reported title Executive Dir. · Highest reported compensation $52K · Total expenses $327K
16%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $189K · Total expenses $327K
58%
Peer comparison

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

MetricThis orgPeer medianPercentile
Spent on programs 83%——
Spent on management, % of spending 8%——
Fundraising cost, % of gifts 24%——
Revenue growth -37%——
Investment manager fees, % of assets 0%——
Legal fees, % of spending 0%——
Accounting fees, % of spending 3%——
Paid fundraiser fees, % of spending 3%——

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

Leadership and pay

Who runs it, and what are they paid?

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
Executive Dir.
$52,000Pt VII · Sec A
President
$0Pt VII · Sec A
Vice President
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A

Kim Schulz’s $52K as Executive Dir. is at the 44th 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.

Compensation history total reportable pay by year · 1 named individual · Part VII

NameFY2024FY2023FY2022FY2021FY2020
Kim Schulz$52,000$64,533$62,800$57,000$46,740

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 Steamboat Reading INC executive salaries →

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Governance & Policies

Part VI
  • 6Voting board membersPt VI · Ln 1a
  • 6Independent board membersPt VI · Ln 1b
  • Conflict-of-interest policyPt VI · Ln 12aYes
  • Whistleblower policyPt VI · Ln 13Yes
  • Document retention policyPt VI · Ln 14No
  • Top official’s pay independently reviewedPt VI · Ln 15aYes
  • Family or business ties among leadersPt VI · Ln 2No

Mission and programs

What it does.

Helps struggling readers and families with tutoring, evaluations, advocacy, and parent education.

Provided by the organization

This section is blank until Steamboat Reading INC claims this page.

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Mission & Programs · Part III

Where the work happens

1 program service account for $270K of program spending, described in the organization's own filed words · FY2024.
01

We met with clients one-on-one to provide instruction on foundational skills in reading, writing, and math. We administered formal learning evaluations and provided advocacy services. We hosted a parent advocacy workshop, films about dyslexia and adhd, beginning reading workshops, and support groups for parents.

$270Kprogram expense

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Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · received and paid
Grants received · FY2025
Total grants receivedfrom 2 funders$22K
Grants paid · 5 grants · $170K · 2020–2024
Unitemized GrantFY2024$56,702
Unitemized GrantFY2023$42,637
Unitemized GrantFY2022$26,021
Unitemized GrantFY2021$34,227
Unitemized GrantFY2020$10,855

Filing history

Every return on file.

YearRevenueExpensesChangeFiling
FY2024 Latest Viewing $262K$327K-37% 990 PDF
FY2023 $420K$312K+69% 990 PDF
FY2022 $248K$209K+13% 990 PDF
FY2021 $220K$175K+69% 990 PDF
FY2020 $130K$116K 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

Full filing: Form 990 for FY2024

Every line we hold from the return, cited to its Part and line.
Part VIII · Statement of revenue $262,432 across 9 lines filed
Lines not itemized here account for $129,029 of total revenue; see the IRS return.
VIII-1e Government grants$11,550
VIII-1f All other contributions, gifts and grants$119,025
VIII-1h Total contributions, gifts and grants$130,575
VIII-3 Investment incomeExcluded from tax $2,828$2,828
VIII-5 Royalties$0
VIII-6 Net rental income or loss$0
VIII-7 Net gain or loss on sales of assets$0
VIII-8 Net income from fundraising events$0
VIII-12 Total revenueRelated to mission $129,029 · Excluded from tax $2,828$262,432
Part IX · Statement of functional expenses $326,921 across 31 lines filed
IX-1 Grants to domestic organizations$0
IX-2 Grants to domestic individualsPrograms $56,702$56,702
IX-3 Grants and assistance to foreign recipients$0
IX-4 Benefits paid to or for members$0
IX-5 Pay of current officers, directors and key staffPrograms $15,600 · Management $15,600 · Fundraising $20,800$52,000
IX-6 Pay of disqualified persons$0
IX-7 Other salaries and wagesPrograms $112,557 · Management $2,437$114,994
IX-8 Pension plan contributions$0
IX-9 Other employee benefitsPrograms $6,787 · Management $955 · Fundraising $1,102$8,844
IX-10 Payroll taxesPrograms $10,319 · Management $1,452 · Fundraising $1,675$13,446
IX-11a Management fees$0
IX-11b Legal fees$0
IX-11c Accounting fees$0
IX-11d Lobbying fees$0
IX-11e Professional fundraising fees$0
IX-11f Investment management fees$0
IX-11g Other fees for services$0
IX-12 Advertising and promotionPrograms $570$570
IX-13 Office expensesManagement $393$393
IX-14 Information technologyPrograms $2,004$2,004
IX-15 Royalties$0
IX-16 OccupancyPrograms $18,809$18,809
IX-17 Travel$0
IX-18 Travel and entertainment for public officials$0
IX-19 Conferences, conventions and meetings$0
IX-20 Interest$0
IX-21 Payments to affiliates$0
IX-22 Depreciation, depletion and amortization$0
IX-23 InsurancePrograms $1,856$1,856
IX-24 Other expenses (24a–d)Programs $44,415 · Management $5,156 · Fundraising $7,200$56,771
IX-24e All other expensesPrograms $389 · Management $143$532
IX-25 Total functional expensesPrograms $270,008 · Management $26,136 · Fundraising $30,777$326,921
Part X · Balance sheet $262,618 assets, 20 lines filed
X-1 Cash, non-interest-bearingStart of year $236,841$232,985
X-2 Savings and temporary cash investments$0
X-3 Pledges and grants receivable$0
X-4 Accounts receivableStart of year $17,950$26,802
X-8 Inventories for sale or use$0
X-9 Prepaid expenses and deferred charges$0
X-10c Land, buildings and equipment, net$0
X-11 Publicly traded securities$0
X-12 Other securities$0
X-13 Program-related investments$0
X-14 Intangible assets$0
X-15 Other assetsStart of year $1,981$2,831
X-16 Total assetsStart of year $256,772$262,618
X-17 Accounts payable and accrued expensesStart of year $5,610$6,596
X-19 Deferred revenueStart of year $850$70,336
X-25 Other liabilitiesStart of year $22,653$22,516
X-26 Total liabilitiesStart of year $29,113$99,448
X-27 Net assets without donor restrictionsStart of year $227,659$163,170
X-32 Total net assets or fund balancesStart of year $227,659$163,170
X-33 Total liabilities and net assetsStart of year $256,772$262,618
Part XI · Reconciliation of net assets $163,170 net assets at year end
XI-1 Total revenue$262,432
XI-2 Total expenses$326,921
XI-3 Revenue less expenses−$64,489
XI-4 Net assets at start of year$227,659
XI-10 Net assets at end of year$163,170

Not shown yet: ratings, outcomes, and peer benchmarks. A Form 990 doesn’t report them.

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2024IRS
Classification, formation year, addressIRS Business Master File
Names, privacy, and removal requests More

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