Loudreaders INC: FY2023 Nonprofit Profile & Form 990 (EIN 88-4125732)

Revenue by fiscal year
FY2023	$230K
FY2024	$61K
FY2025	$64K

Expenses by fiscal year
FY2023	$139K
FY2024	$34K
FY2025	$83K

Net assets by fiscal year
FY2023	$102K
FY2024	$129K
FY2025	$110K

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Oct 2022.

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

Where the money goes

98 cents of each dollar spent went to programs.

98%

Program services 98% · $137K Management & general 2% · $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

1 person listed on the 990.

Part VII, Section A · reportable compensation

Cruz Edgardo Garcia Santiago

Founder

$0Pt VII · Sec A

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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 15aNo

Programs and updates

Loudreaders INC is an arts and culture nonprofit based in Ames, IA.

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Provided by the organization

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1 program · $137K · in their own filed words · FY2023

01

Educational

$137Kprogram expense

Funders

Who pays for it.

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

Grants

Schedule I · funders on record

Grants received · FY2023

Graham Foundation for Advanced Studies in the Fine ArtsFY2023$10K

Total grants receivedfrom 1 funder$10K

By the numbers

The FY2023 990, line by line.

Download 990

from philanthropy.org

1The main four

Money inPt VIII

$230K

Ln 12

Gifts and grantsLn 1h$192K

Fees for servicesLn 2g$38K

Investment incomeLn 3$89

Money outPt IX

$139K

Ln 25

Programscol B$137K

Managementcol C$2K

Owns and owesPt X

$102K

net assets · Ln 32

Cash and savingsLn 1–2$102K

Total assetsLn 16$102K

LiabilitiesLn 26$0

PeoplePt VI, VII

1

listed · VII A

PaidVII A0

Voting boardVI 1a1

IndependentVI 1b0

2In more detail

Revenue in detailPt VIII

Gifts and grantsLn 1h$192K

Fees for servicesLn 2g$38K

Investment incomeLn 3$89

Total revenueLn 12$230K

Assets in detailPt X, end of year

CashLn 1$102K

Cash and savings togetherLn 1–2$102K

Total assetsLn 16$102K

LiabilitiesLn 26$0

Net assetsLn 32$102K

OperationsPt I, VI

EmployeesI 50

Fiscal year endsHeaderDecember

Conflict-of-interest policyVI 12aNo

Whistleblower policyVI 13No

Records policyVI 14No

3Year over year

Balance sheet, start vs end of yearPt X · col A, B

Line	Start FY23	End FY23
Cash and savingsLn 1–2	$11K	$102K
Total assetsLn 16	$11K	$102K
LiabilitiesLn 26	$0	$0
Net assetsLn 32	$11K	$102K

4Every line

Statement of functional expensesPt IX · every line

Line	Total	Programs	Management	Fundraising
Management feesLn 11a	$48K	$48K
Legal feesLn 11b	$2K	$2K
Office expensesLn 13	$36		$36
Information technologyLn 14	$3K	$3K
OccupancyLn 16	$1K		$1K
TravelLn 17	$12K	$12K
Other expenses (24a–d)Ln 24	$71K	$71K	−$1
All other expensesLn 24e	$700		$700
Total functional expensesLn 25	$139K	$137K	$2K	$0

Filing history

Year	Money in	Money out	In minus out	Net assets	Download
FY2025 Latest	$64K	$83K	−$19K	$110K	990 PDF
FY2024	$61K	$34K	$27K	$129K	990 PDF
FY2023 Viewing	$230K	$139K	$91K	$102K	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 $230,084 revenue, 12 lines filed

I-8 Contributions and grantsPrior year $11,913$191,995

I-9 Program service revenue$38,000

I-10 Investment income$89

I-11 Other revenue$0

I-12 Total revenuePrior year $11,913$230,084

I-13 Grants and similar amounts paid$0

I-14 Benefits paid to members$0

I-15 Salaries and benefits$0

I-16a Professional fundraising fees$0

I-17 Other expensesPrior year $1,302$139,002

I-18 Total expensesPrior year $1,302$139,002

I-19 Revenue less expensesPrior year $10,611$91,082

Part VI · Governance 0 of 1 board members independent, 4 to look at

VI-1a Voting members of the governing body1

VI-1b Independent voting members0

VI-12a Written conflict of interest policyNo

VI-13 Written whistleblower policyNo

VI-14 Document retention and destruction policyNo

VI-15a Process for setting top official's payNo

VI-2 Family or business relationship among officers or directorsNo

Part VIII · Statement of revenue $230,084 across 5 lines filed

VIII-1f All other contributions, gifts and grants$191,995

VIII-1h Total contributions, gifts and grants$191,995

VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $38,000$38,000

VIII-3 Investment incomeRelated to mission $89$89

VIII-12 Total revenueRelated to mission $38,089 · Unrelated business $0 · Excluded from tax $0$230,084

Part IX · Statement of functional expenses $139,002 across 8 lines filed

IX-11a Management feesPrograms $48,466$48,466

IX-11b Legal feesPrograms $1,789$1,789

IX-13 Office expensesManagement $36$36

IX-14 Information technologyPrograms $2,963$2,963

IX-16 OccupancyManagement $1,370$1,370

IX-17 TravelPrograms $12,319$12,319

IX-24 Other expenses (24a–d)Programs $71,360 · Management −$1$71,359

IX-24e All other expensesManagement $700$700

IX-25 Total functional expensesPrograms $136,897 · Management $2,105 · Fundraising $0$139,002

Part X · Balance sheet $101,693 assets, 6 lines filed

X-1 Cash, non-interest-bearingStart of year $10,611$101,693

X-16 Total assetsStart of year $10,611$101,693

X-26 Total liabilitiesStart of year $0$0

X-27 Net assets without donor restrictionsStart of year $10,611$101,693

X-32 Total net assets or fund balancesStart of year $10,611$101,693

X-33 Total liabilities and net assetsStart of year $10,611$101,693

Part XI · Reconciliation of net assets $101,693 net assets at year end

XI-1 Total revenue$230,084

XI-2 Total expenses$139,002

XI-3 Revenue less expenses$91,082

XI-4 Net assets at start of year$10,611

XI-9 Other changes in net assets$0

XI-10 Net assets at end of year$101,693

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

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Loudreaders INC FY2023 filing

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