Readwest INC FY2022 filing

Tax-deductible

Rio Rancho, NM501(c)(3)EducationEIN 85-0381570Revenue $244K in FY2022

On file with the IRSreadwest.org4131 Barbara Loop Se Suite 1d, 87124-1372 · Rio Rancho, NMTax-exempt since Jun 2004Publicly supported charity — 170(b)(1)(A)(vi)

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Provide quality one-to-one tutoring to adults seeking to transform their lives through enhanced literacy skills.

501(c)(3) charity; gifts are tax-deductible.
92¢ of each $1 spent went to programs.
$46K 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

FY2022 · 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
3 of 4
filings with a surplus
Average surplus $27K a year · 12% of revenue · last 4 filings
Fine: a surplus in 3 of the last 4 filings.
Pt I · Ln 19 · 4 filings
Spent on programs
92%
of spending
Looks good: 92% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$46K
to officers and key staff · 23% of spending
Worth a look: pay to officers and key staff is 23% of spending; over 20%.
Pt VII · Sec A
Cash reserves
8 mo
of spending, in cash
Looks good: 8.3 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $232
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$0
0% of total assets
Looks good: liabilities are 0% 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
$244K
-3% vs prior year
Spent
$202K
To programs
92%
Net assets
$140K
By yearFY2021–FY2025
Revenue
$244K
FY2022▼ -3%
Tap a bar for its year
Revenue by fiscal year
FY2021$250K
FY2022$244K
FY2023$225K
FY2024$197K
FY2025$186K
Expenses
$202K
FY2022▲ +5%
Tap a bar for its year
Expenses by fiscal year
FY2021$193K
FY2022$202K
FY2023$189K
FY2024Not on file
FY2025$214K
Net assets
$140K
FY2022▲ +43%
Tap a bar for its year
Net assets by fiscal year
FY2021$98K
FY2022$140K
FY2023$176K
FY2024$172K
FY2025$143K

From the FY2022 Form 990 (year ending June 2022) · see the original

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You’re viewing the FY2022 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 Jun 2004.

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

Where the money goes

92 cents of each dollar spent went to programs.

Program services 92% · $185K Management & general 7% · $14K Fundraising 1% · $2K

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

7 people listed on the 990; $46K paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2021); the FY2022 filing did not itemize Part VII
Exec Director
$45,580Pt VII · Sec A
Vice President
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
President
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A

C Ratliff’s $62K as Exec Dir is at the 54th 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 · 3 named individuals · Part VII

NameFY2025FY2024FY2023FY2022FY2021
C Ratliff$61,867—$59,330$45,580—
Cynthia Ratliff—$59,330———
Muncie Hansen————$45,425

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

Offers personalized tutoring to adults improving their literacy for life changes.

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Provided by the organization

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1 program · $202K · in their own filed words · FY2021
01

Volunteer tutors meet face to face weekly with students, either in

$202Kprogram 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 · FY2023
Total grants receivedfrom 1 funder$232
Grants paid · 1 grant · $13K · 2020–2020

By the numbers

The FY2022 990, line by line.

1The main four
Money inPt VIII
$244K
Ln 12
Gifts and grantsLn 1h$244K
Money outPt IX
$202K
Ln 25
Programscol B$185K
Managementcol C$14K
Fundraisingcol D$2K
Owns and owesPt X
$140K
net assets · Ln 32
Cash and savingsLn 1–2$140K
Total assetsLn 16$140K
LiabilitiesLn 26$0
PeoplePt VI, VII
7
listed · VII A
PaidVII A1
Voting boardVI 1a6
IndependentVI 1b6
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$244K
Government grantsLn 1e$121K
Total revenueLn 12$244K
Assets in detailPt X, end of year
CashLn 1$127K
SavingsLn 2$13K
Cash and savings togetherLn 1–2$140K
Total assetsLn 16$140K
LiabilitiesLn 26$0
Net assetsLn 32$140K
OperationsPt I, VI
EmployeesI 53
VolunteersI 645
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 FY22End FY22
Cash and savingsLn 1–2$152K$140K
Total assetsLn 16$152K$140K
LiabilitiesLn 26$55K$0
Net assetsLn 32$98K$140K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$55K$48K$6K$1K
Other salaries and wagesLn 7$57K$57K
Other employee benefitsLn 9$5K$4K$233$117
Payroll taxesLn 10$9K$8K$444$111
Management feesLn 11a$16K$16K
Accounting feesLn 11c$3K$3K
Office expensesLn 13$18K$16K$2K$105
Information technologyLn 14$8K$7K$788
OccupancyLn 16$27K$27K
TravelLn 17$40$40
Conferences, conventions and meetingsLn 19$1K$1K
InsuranceLn 23$3K$3K
Other expenses (24a–d)Ln 24$284$284
Total functional expensesLn 25$202K$185K$14K$2K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $186K$214K−$28K$143K 990 PDF
FY2024 $197K$172K 990 PDF
FY2023 $225K$189K$36K$176K 990 PDF
FY2022 Viewing $244K$202K$42K$140K 990 PDF
FY2021 $250K$193K$58K$98K 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 FY2022 990 (6 parts)
Part I · Summary $243,890 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $223,736$243,890
I-9 Program service revenue$0
I-10 Investment incomePrior year $61$0
I-11 Other revenuePrior year $26,600$0
I-12 Total revenuePrior year $250,397$243,890
I-13 Grants and similar amounts paidPrior year $19,773$0
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $101,934$125,429
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $70,868$76,095
I-18 Total expensesPrior year $192,575$201,524
I-19 Revenue less expensesPrior year $57,822$42,366
Part VI · Governance 6 of 6 board members independent, no flags
VI-1a Voting members of the governing body6
VI-1b Independent voting members6
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 $243,890 across 5 lines filed
VIII-1e Government grants$121,349
VIII-1f All other contributions, gifts and grants$122,541
VIII-1h Total contributions, gifts and grants$243,890
VIII-8 Net income from fundraising events$0
VIII-12 Total revenue$243,890
Part IX · Statement of functional expenses $201,524 across 13 lines filed
IX-5 Pay of current officers, directors and key staffPrograms $48,125 · Management $5,500 · Fundraising $1,375$55,000
IX-7 Other salaries and wagesPrograms $56,734$56,734
IX-9 Other employee benefitsPrograms $4,317 · Management $233 · Fundraising $117$4,667
IX-10 Payroll taxesPrograms $8,473 · Management $444 · Fundraising $111$9,028
IX-11a Management feesPrograms $15,722$15,722
IX-11c Accounting feesManagement $3,276$3,276
IX-13 Office expensesPrograms $16,003 · Management $1,657 · Fundraising $105$17,765
IX-14 Information technologyPrograms $7,096 · Management $788$7,884
IX-16 OccupancyPrograms $27,411$27,411
IX-17 TravelPrograms $40$40
IX-19 Conferences, conventions and meetingsPrograms $1,157$1,157
IX-23 InsuranceManagement $2,556$2,556
IX-24 Other expenses (24a–d)Programs $284$284
IX-25 Total functional expensesPrograms $185,362 · Management $14,454 · Fundraising $1,708$201,524
Part X · Balance sheet $140,039 assets, 7 lines filed
X-1 Cash, non-interest-bearingStart of year $83,752$127,106
X-2 Savings and temporary cash investmentsStart of year $68,721$12,933
X-16 Total assetsStart of year $152,473$140,039
X-26 Total liabilitiesStart of year $54,800$0
X-27 Net assets without donor restrictionsStart of year $97,673$140,039
X-32 Total net assets or fund balancesStart of year $97,673$140,039
X-33 Total liabilities and net assetsStart of year $152,473$140,039
Part XI · Reconciliation of net assets $140,039 net assets at year end
XI-1 Total revenue$243,890
XI-2 Total expenses$201,524
XI-3 Revenue less expenses$42,366
XI-4 Net assets at start of year$97,673
XI-10 Net assets at end of year$140,039

Form 990 e-file (XML) FY2022 from the IRS · Classification, formation year and address from the IRS Business Master File

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