Steamboat Reading INC

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

Form 990 Part I, line 1, FY2025. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 83-2970520) · Dispute this line
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

FY2025 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
The IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2025
latest Form 990
The latest return is for FY2025, 1 tax year back.
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
A surplus in 4 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
83%
of spending
83% of spending went to programs.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$52K
to officers and key staff · 16% of spending
Pay to officers and key staff is 16% of spending.
Part VII, Section A
8.6 mo
of spending, in cash
8.6 months of spending in cash.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
2
named funders · $22K
2 funders name it on their filings.
Funders’ Sch. I, 990-PF
Liabilities
$99K
38% of total assets
Liabilities are 38% of assets.
Pt X · Ln 26
Independent board members
6
of 6 voting members
6 of 6 voting members are independent.
Pt VI · Ln 1a–1b
Revenue
$262K
-37% vs prior year
Spent
$327K
To programs
83%
Net assets
$163K
By yearFY2020–FY2025
Revenue
$262K
FY2025▼ -37%
Tap a bar for its year
Revenue by fiscal year
FY2020$130K
FY2021$220K
FY2022$248K
FY2023$420K
FY2025$262K
Expenses
$327K
FY2025▲ +5%
Tap a bar for its year
Expenses by fiscal year
FY2020$116K
FY2021$175K
FY2022$209K
FY2023$312K
FY2025$327K
Net assets
$163K
FY2025▼ -24%
Tap a bar for its year
Net assets by fiscal year
FY2020$24K
FY2021$69K
FY2022$108K
FY2023$215K
FY2025$163K

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

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Jun 2019.

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% · $270K Management & general 8% · $26K Fundraising 9% · $31K

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

8 people listed on the 990; $52K paid to officers and key staff (Part VII, Section A).

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

NameFY2025FY2023FY2022FY2021FY2020
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 →

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

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

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1 program · $270K · in their 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.

Form 990 Part III, line 4, FY2024. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 83-2970520) · Dispute this line
$270Kprogram expense

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

By the numbers

The FY2025 990, line by line.

1The main four
Money inPt VIII
$262K
Ln 12
Gifts and grantsLn 1h$131K
Fees for servicesLn 2g$129K
Investment incomeLn 3$3K
Money outPt IX
$327K
Ln 25
Programscol B$270K
Managementcol C$26K
Fundraisingcol D$31K
Owns and owesPt X
$163K
net assets · Ln 32
Cash and savingsLn 1–2$233K
Total assetsLn 16$263K
LiabilitiesLn 26$99K
PeoplePt VI, VII
8
listed · VII A
PaidVII A1
Voting boardVI 1a6
IndependentVI 1b6
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$131K
Government grantsLn 1e$12K
Fees for servicesLn 2g$129K
Investment incomeLn 3$3K
Gains on assetsLn 7$0
Total revenueLn 12$262K
Assets in detailPt X, end of year
CashLn 1$233K
Cash and savings togetherLn 1–2$233K
Accounts receivableLn 4$27K
Other assetsLn 15$3K
Total assetsLn 16$263K
LiabilitiesLn 26$99K
Net assetsLn 32$163K
OperationsPt I, VI
EmployeesI 56
VolunteersI 67
Fiscal year endsHeaderAugust
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY25End FY25
Cash and savingsLn 1–2$237K$233K
InvestmentsLn 11–13$0
Land, buildings, equipmentLn 10c$0
Total assetsLn 16$257K$263K
LiabilitiesLn 26$29K$99K
Net assetsLn 32$228K$163K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$0
Grants to domestic individualsLn 2$57K$57K
Grants and assistance to foreign recipientsLn 3$0
Benefits paid to or for membersLn 4$0
Pay of officers and key staff (Part IX, line 5)Ln 5$52K$16K$16K$21K
Pay of disqualified personsLn 6$0
Other salaries and wagesLn 7$115K$113K$2K
Pension plan contributionsLn 8$0
Other employee benefitsLn 9$9K$7K$955$1K
Payroll taxesLn 10$13K$10K$1K$2K
Management feesLn 11a$0
Legal feesLn 11b$0
Accounting feesLn 11c$0
Lobbying feesLn 11d$0
Professional fundraising feesLn 11e$0
Investment management feesLn 11f$0
Other fees for servicesLn 11g$0
Advertising and promotionLn 12$570$570
Office expensesLn 13$393$393
Information technologyLn 14$2K$2K
RoyaltiesLn 15$0
OccupancyLn 16$19K$19K
TravelLn 17$0
Travel and entertainment for public officialsLn 18$0
Conferences, conventions and meetingsLn 19$0
InterestLn 20$0
Payments to affiliatesLn 21$0
Depreciation, depletion and amortizationLn 22$0
InsuranceLn 23$2K$2K
Other expenses (24a–d)Ln 24$57K$44K$5K$7K
All other expensesLn 24e$532$389$143
Total functional expensesLn 25$327K$270K$26K$31K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest ViewingFiled with the IRS Jul 6, 2026 $262K$327K−$64K$163K 990 PDF
FY2024 Not on file
FY2023Filed with the IRS Aug 22, 2024 $420K$312K$107K$215K 990 PDF
FY2022Filed with the IRS Sep 26, 2023 $248K$209K$39K$108K 990 PDF
FY2021Filed with the IRS Mar 30, 2022 $220K$175K$44K$69K 990 PDF
FY2020Filed with the IRS Mar 4, 2021 $130K$116K$14K$24K 990 PDF

Schedules filed Part IV

A · Public support B · Donors D · Assets and endowments I · Grants O · Explanations
See the full FY2025 990
Part I · Summary $262,432 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $257,187$130,575
I-9 Program service revenuePrior year $177,728$129,029
I-10 Investment incomePrior year $5,500$2,828
I-11 Other revenue$0
I-12 Total revenuePrior year $440,415$262,432
I-13 Grants and similar amounts paidPrior year $57,349$56,702
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $248,818$189,284
I-16a Professional fundraising feesPrior year $9,750$0
I-17 Other expensesPrior year $111,601$80,935
I-18 Total expensesPrior year $427,518$326,921
I-19 Revenue less expensesPrior year $12,897−$64,489
Part VI · Governance 6 of 6 board members independent, 1 to look at
VI-1a Voting members of the governing body6
VI-1b Independent voting members6
VI-14 Document retention and destruction policyNo
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-15a Process for setting top official's payYes
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 officers and key staff (Part IX, line 5)Programs $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-11f Investment management fees$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, 23 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-5 Loans to officers and key people$0
X-6 Loans to other insiders$0
X-7 Notes and loans receivable$0
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

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

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