Readwest INC FY2023 filing

Tax-deductible

Rio Rancho, NM501(c)(3)EducationEIN 85-0381570Revenue $225K in FY2023

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.
90¢ of each $1 spent went to programs.
$59K 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

FY2023 · 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
90%
of spending
Looks good: 90% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$59K
to officers and key staff · 31% of spending
Concern: pay to officers and key staff is 31% of spending; over 30%.
Pt VII · Sec A
Cash reserves
11 mo
of spending, in cash
Looks good: 11.1 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
7
of 7 voting members
Looks good: 7 of 7 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$225K
-8% vs prior year
Spent
$189K
To programs
90%
Net assets
$176K
By yearFY2021–FY2025
Revenue
$225K
FY2023▼ -8%
Tap a bar for its year
Revenue by fiscal year
FY2021$250K
FY2022$244K
FY2023$225K
FY2024$197K
FY2025$186K
Expenses
$189K
FY2023▼ -6%
Tap a bar for its year
Expenses by fiscal year
FY2021$193K
FY2022$202K
FY2023$189K
FY2024Not on file
FY2025$214K
Net assets
$176K
FY2023▲ +25%
Tap a bar for its year
Net assets by fiscal year
FY2021$98K
FY2022$140K
FY2023$176K
FY2024$172K
FY2025$143K

From the FY2023 Form 990 (year ending June 2023) · see the original

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You’re viewing the FY2023 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

90 cents of each dollar spent went to programs.

Program services 90% · $171K Management & general 8% · $15K Fundraising 2% · $3K

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; $59K paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2022); the FY2023 filing did not itemize Part VII
Exec Director
$59,330Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
President
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A
Vice President
$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.

See Readwest INC executive salaries →

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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.

Provided by the organization

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1 program · $189K · in their own filed words · FY2022
01

Readwest is a nonproft audlt literacy center focusing on adults with

$189Kprogram 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 FY2023 990, line by line.

1The main four
Money inPt VIII
$225K
Ln 12
Gifts and grantsLn 1h$225K
Investment incomeLn 3$221
Money outPt IX
$189K
Ln 25
Programscol B$171K
Managementcol C$15K
Fundraisingcol D$3K
Owns and owesPt X
$176K
net assets · Ln 32
Cash and savingsLn 1–2$176K
Total assetsLn 16$176K
LiabilitiesLn 26$0
PeoplePt VI, VII
8
listed · VII A
PaidVII A1
Voting boardVI 1a7
IndependentVI 1b7
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$225K
Government grantsLn 1e$122K
Investment incomeLn 3$221
Total revenueLn 12$225K
Assets in detailPt X, end of year
CashLn 1$143K
SavingsLn 2$33K
Cash and savings togetherLn 1–2$176K
Total assetsLn 16$176K
LiabilitiesLn 26$0
Net assetsLn 32$176K
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 FY23End FY23
Cash and savingsLn 1–2$140K$176K
Total assetsLn 16$140K$176K
LiabilitiesLn 26$0$0
Net assetsLn 32$140K$176K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$59K$52K$6K$1K
Pay of disqualified personsLn 6$59K$59K
Other employee benefitsLn 9$8K$7K$377$94
Payroll taxesLn 10$9K$9K$472$118
Management feesLn 11a$13K$13K
Accounting feesLn 11c$3K$3K
Office expensesLn 13$20K$16K$2K$1K
Information technologyLn 14$300$270$30
OccupancyLn 16$12K$12K
TravelLn 17$762$762
InsuranceLn 23$3K$3K
Other expenses (24a–d)Ln 24$1K$1K
Total functional expensesLn 25$189K$171K$15K$3K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $186K$214K−$28K$143K 990 PDF
FY2024 $197K$172K 990 PDF
FY2023 Viewing $225K$189K$36K$176K 990 PDF
FY2022 $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 FY2023 990 (6 parts)
Part I · Summary $225,160 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $243,890$224,939
I-9 Program service revenue$0
I-10 Investment income$221
I-11 Other revenue$0
I-12 Total revenuePrior year $243,890$225,160
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $125,429$135,743
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $76,095$53,729
I-18 Total expensesPrior year $201,524$189,472
I-19 Revenue less expensesPrior year $42,366$35,688
Part VI · Governance 7 of 7 board members independent, no flags
VI-1a Voting members of the governing body7
VI-1b Independent voting members7
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 $225,160 across 6 lines filed
VIII-1e Government grants$122,313
VIII-1f All other contributions, gifts and grants$102,626
VIII-1h Total contributions, gifts and grants$224,939
VIII-3 Investment incomeRelated to mission $221$221
VIII-8 Net income from fundraising events$0
VIII-12 Total revenueRelated to mission $221$225,160
Part IX · Statement of functional expenses $189,472 across 12 lines filed
IX-5 Pay of current officers, directors and key staffPrograms $51,967 · Management $5,939 · Fundraising $1,485$59,391
IX-6 Pay of disqualified personsPrograms $59,382$59,382
IX-9 Other employee benefitsPrograms $7,061 · Management $377 · Fundraising $94$7,532
IX-10 Payroll taxesPrograms $8,848 · Management $472 · Fundraising $118$9,438
IX-11a Management feesPrograms $12,865$12,865
IX-11c Accounting feesManagement $3,343$3,343
IX-13 Office expensesPrograms $16,368 · Management $1,972 · Fundraising $1,375$19,715
IX-14 Information technologyPrograms $270 · Management $30$300
IX-16 OccupancyPrograms $12,033$12,033
IX-17 TravelPrograms $762$762
IX-23 InsuranceManagement $3,264$3,264
IX-24 Other expenses (24a–d)Programs $1,447$1,447
IX-25 Total functional expensesPrograms $171,003 · Management $15,397 · Fundraising $3,072$189,472
Part X · Balance sheet $175,727 assets, 7 lines filed
X-1 Cash, non-interest-bearingStart of year $127,106$142,883
X-2 Savings and temporary cash investmentsStart of year $12,933$32,844
X-16 Total assetsStart of year $140,039$175,727
X-26 Total liabilitiesStart of year $0$0
X-27 Net assets without donor restrictionsStart of year $140,039$175,727
X-32 Total net assets or fund balancesStart of year $140,039$175,727
X-33 Total liabilities and net assetsStart of year $140,039$175,727
Part XI · Reconciliation of net assets $175,727 net assets at year end
XI-1 Total revenue$225,160
XI-2 Total expenses$189,472
XI-3 Revenue less expenses$35,688
XI-4 Net assets at start of year$140,039
XI-10 Net assets at end of year$175,727

Form 990 e-file (XML) FY2023 from the IRS · Classification, formation year and address from the IRS Business Master File

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