Overview
What is Read Alliance Inc?
Read Alliance Inc is a nonprofit organization situated in New York, specifically at 160 BROADWAY 8TH FL EAST BUILDING. Their primary mission revolves around accelerating the educational trajectory of early elementary students by leveraging teenage volunteers who offer one-on-one literacy tutoring in under-resourced communities. Through a structured, research-based curriculum, students typically experience a full year's growth in reading, while the teen tutors develop valuable college, career, and life skills. The organization runs a Teen Leadership Program, where teen leaders engage in meaningful after-school employment, providing literacy tutoring for 90 minutes a day, at least three days a week. They are trained not only in delivering the research-based curriculum but also in behavior management and data collection. Experienced teen leaders can advance to senior positions, offering guidance and support to their peers. During the pandemic, Read Alliance Inc introduced a virtual program, allowing for a more senior role as a Read Technician. Additionally, they hired Summer Enrichment Program Assistants during the summer of FY22, providing oversight and support to program sites when a Program Manager was unable to be present. The nonprofit has a workforce of 269 individuals, dedicated to making a positive impact on the lives of young children and their communities.
Official website here: www.readalliance.org
What are the reviews and ratings of this charity?
Rating from Charity Navigator: 100%, Four-Star out of Four Star rating.
Read Alliance Inc has achieved a perfect score on Charity Navigator, highlighting its exceptional performance in accountability and finance. The organization is lauded for having a fully independent board, ensuring that decision-making is free from conflicts of interest. Its financial health is evidenced by strong ratios, including a favorable program expense ratio and fundraising efficiency, demonstrating effective resource utilization.
The nonprofit's commitment to transparency is reflected in its adherence to best practices, such as the existence of various policies related to conflict of interest and whistleblower protections, which are crucial for maintaining ethical governance. Additionally, the organization has established thorough oversight mechanisms, including an audit committee and regular distribution of financial documents to board members.
While the data does not indicate any significant weaknesses, it is essential to keep in mind that a perfect score may also reflect a limited scope of evaluation. Overall, Read Alliance Inc stands out as a highly reputable organization, making significant strides in its financial accountability and governance practices.
This AI summary has been generated from information found on Charity Navigator.
Is Read Alliance Inc legitimate?
Read Alliance Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Read Alliance Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $355,798
Professional Fundraising Fees: $0
Other Salaries and Wages: $1,277,234
For more financial information, click here
Official website here: www.readalliance.org
What is the mission statement of Read Alliance Inc?
Read Alliance Inc, as an organization, is committed to enhancing the educational trajectory of early elementary students residing in under-resourced communities. They achieve this goal by leveraging the power of teenage tutors who provide one-on-one literacy support. Through a structured, research-backed curriculum, the students exhibit a full year's growth in reading, while the teen tutors develop essential college, career, and life skills. Early intervention through this program helps prevent reading difficulties from becoming barriers to future success. Moreover, the teen tutors have a direct, positive impact on the lives of the children in their communities, fostering a sense of community service and employment opportunity.
Official website here: www.readalliance.org
Who is the CEO of Read Alliance Inc?
Danielle Guindo is the Chair of Read Alliance Inc.
Official website here: www.readalliance.org
What is the revenue of Read Alliance Inc?
Read Alliance Inc's revenue in 2022 was $3,674,607.
Official website here: www.readalliance.org
Who are the executives of Read Alliance Inc and what are their salaries?
The average compensation at Read Alliance Inc during 2022 was $6,071. There are 269 employees and 100 volunteers at Read Alliance Inc.
Here are 23 key members and their salaries:
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Official website here: www.readalliance.org
Where can I find the form 990 for Read Alliance Inc?
Read Alliance Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.readalliance.org
Learn more at the official website: www.readalliance.org
Mission Statement of Read Alliance Inc
Read Alliance Inc, a nonprofit organization, aims to expedite the educational progress of early elementary students by leveraging the power of teenage tutors in under-resourced communities. Their mission is twofold: firstly, they strive to boost the reading skills of young students, often seeing them achieve a full year's growth in reading ability. Secondly, the teen tutors themselves benefit from the experience, gaining college, career, and life skills. By intervening early, Read Alliance Inc prevents reading difficulties from morphing into obstacles that hinder future success. In the process, these teenagers make a direct, positive impact on the lives of the children in their communities through meaningful service and employment opportunities.
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Impact
October, 2024
Read Alliance Inc significantly accelerates the educational trajectory of early elementary students in under-resourced communities. By leveraging the potential of teen leaders who provide one-on-one literacy tutoring, the organization facilitates an environment where young learners can achieve an average of a full year’s growth in reading skills. This structured, research-based approach not only helps children overcome reading difficulties early on, laying a strong foundation for future academic success, but it also promotes personal development among the teen tutors.
The teen leaders are engaged in meaningful afterschool employment, dedicating 90 minutes a day for a minimum of three days a week to assist young children. This experience equips them with essential college, career, and life skills, fostering a sense of responsibility and leadership. By training these teens in tutoring techniques, behavior management, and data collection, Read Alliance Inc ensures that they are well-prepared to make a positive impact.
Moreover, the program's flexibility allows for the advancement of teen tutors to senior roles, where they can support their peers and take on additional responsibilities. Specialized positions, such as READ Technicians and Summer Enrichment Program Assistants, offer further opportunities for growth and leadership within the organization. This dual impact on both the students and the teen leaders cultivates a community environment where educational disparities are addressed, and youth are empowered through meaningful engagement and service.
This information is meant to be a general summary of Read Alliance Inc. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $4,845
- Program Service Revenue: $249,890
- Gross Receipts: $3,817,920
Assets and Liabilities:
- Total Assets: $3,368,825
- Total Liabilities: $195,090
- Net Assets: $3,173,735
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
SERVICES FEES FROM SITES
Revenue
$249,890
Organization Details
Founding Year
1999
Phone
(646) 867-6101Principal Officer
Danielle Guindo
Main Address
160 BROADWAY 8TH FL EAST BUILDING, NEW YORK, NY, 10038
Website
www.readalliance.orgNTEE Category
Code: B920 - Education
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