We Shall Read EIN 86-1665696

We Shall Read

EIN  86-1665696 Public charity (501(c)(3)) Farmington, MI Founded 2021
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Size
$100K–1M
What they do
Teaches people the basics of reading.
Leadership
Kristin Dwyer · Executive Director · $82K
Money in and out
$370K revenue, $342K expenses
Bottom line
70% program efficiency

Teaches people the basics of reading. For fiscal year 2025 it reported $370K in revenue, $342K in expenses, and $444K in net assets.Pt I

Where the money goes · FY2025
Total revenue
$370K
Pt VIII · Ln 12
Total expenses
$342K
Pt IX · Ln 25
Net assets
$444K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $27K
Where spending went · Part IX cols B–D
Program services $0.70 Management & general $0.24 Fundraising $0.06
Program efficiency
70%
of spending reaches programs▲ +4% vs prior filing year
Operating runway
15.9mo
months of highly liquid reserves at operating expense rate▲ +15% vs prior filing year
Surplus margin
+7%
revenue over expenses, this year▼ -46% vs prior filing year

Summary of the Filing

Part I · fiscal year 2025 · Form 990
Revenue
$370K
FY2025▼ -9%
Expenses
$342K
FY2025▼ -3%
Total assets
$454K
FY2025▲ +7%
Total liabilities
$10K
FY2025▲ +61%
Total revenue
$370K
Pt VIII · Ln 12
Total expenses
$342K
Pt IX · Ln 25
Net assets
$444K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$27K
Total assetsPt X · Ln 16$454K
Program-expense ratioPt IX · col B70%
Voting members of governing bodyPt I · Ln 37
Independent voting membersPt I · Ln 47
Mission & Programs · Part III

Where the work happens

3 program services account for $239K of program spending, described in the organization's own filed words · FY2025.
01

We equipped 140 educators with between 12 to 30 hours of college-level professional development in reading intervention grounded in the Science of Reading. Through hands-on training in the Brain Friendly Reading program, teachers strengthened their ability to deliver explicit, systematic instruction that aligns with how the brain learns…

$211Kprogram expense
02

Through our partnership with the Detroit River Conservancy, we taught over 1,400 parents and children how to use several high-impact reading activities during their 6-week Reading & Rhythm program as well as their 1-day Detroit Sports Youth Showcase.

$19Kprogram expense
03

Instruction also continued at Freedom House in Detroit, where we provided 20 weeks of consistent literacy instruction to adult immigrants strengthening their English language skills. In that classroom, literacy is more than an academic goal-it is a pathway to employment, independence, and fuller participation in community life.

$9Kprogram expense

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Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CWe Shall Read
EINHdr · item D86-1665696
Principal addressHdr · item CFarmington, MI
WebsiteHdr · item Jweshallread.org
Year of formationHdr · item L2021
State of legal domicileHdr · item MMI
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFEducation (B92)
Ruling yearIRS BMFJun 2022

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a7
Independent voting membersPt VI · Ln 1b7
Conflict-of-interest policyPt VI · Ln 12aYes
Whistleblower policyPt VI · Ln 13No
Document retention policyPt VI · Ln 14No
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
Executive Director
$82,500Pt VII · Sec A
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A

Kristin Dwyer’s $82K as Executive Director is at the 74th percentile of top reported officer pay among 1616 $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 · 2 named individuals · Part VII

NameFY2025FY2024FY2022
Kristin Dwyer$97,183
Kristin Dwyer$82,500$67,855

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 & grants$316K · 86%
Program service revenue$39K · 11%
Investment income$14K · 4%
Contributions & grants86%$316K
Program service revenue11%$39K
Investment income4%$14K
Total revenueLn 12$370K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.70 Management & general $0.24 Fundraising $0.06
Program services70%$239K
Management & general24%$81K
Fundraising6%$22K
Total functional expensesLn 25$342K

Balance Sheet

Part X · end of year
CashLn 1$452K
Total assetsLn 16$454K
Total liabilitiesLn 26$10K
Total net assetsLn 32$444K
Months of cash on handcomputed15.9

Financial Metrics

Form 990 · FY2025 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $452K · Operating expenses/yr $342K
15.9 months
Where the money goes
Program services
Program services $239K · Total expenses $342K
70%
Management & General
Management & general $81K · Total expenses $342K
24%
Fundraising
Fundraising $22K · Total expenses $342K
6%
Cost to raise $1
Fundraising expense (3-yr avg) $16K · Solicited contributions (3-yr avg) $372K
$0.04 to raise $1 (3-yr avg)
Where the money comes from
Contribution dependence
Contributions & grants $316K · Total revenue $370K
86%
Government reliance
Government grants $0 · Total revenue $370K
0%
Earned-income share
Program service revenue $39K · Total revenue $370K
11%
Investment reliance
Investment income $14K · Total revenue $370K
+4%
Program self-sufficiency
Program service revenue $39K · Total expenses $342K
11%
Growth & trend
Revenue growth (YoY)
This year $370K · Prior year $408K
-9%
Revenue CAGR
FY2021 $165K · FY2025 $370K
+22%
Net-asset trend (YoY)
End of year $444K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $370K · Expenses $342K
+7%
Liabilities-to-Assets
Total liabilities — · Total assets $454K
Net-asset ratio
Net assets $444K · Total assets $454K
98%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $454K
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Kristin Dwyer · Reported title Executive Director · Highest reported compensation $82K · Total expenses $342K
24%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $93K · Total expenses $342K
27%
Peer comparison

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

MetricThis orgPeer medianPercentile
Program ratio 70%
Overhead ratio 24%
Fundraising cost ratio 7%
Revenue growth -9%

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
Total grants receivedfrom 4 funders$337K
See all 4 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)$370K revenue · viewing · ⤓ 990 PDF
FY2024$408K revenue · ⤓ 990 PDF
FY2023$544K revenue · ⤓ 990 PDF
FY2022$285K revenue · ⤓ 990 PDF
FY2021$165K revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2025IRS
Classification, formation year, addressIRS Business Master File
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