Overview
What is Reading Power Inc?
Reading Power Inc is a nonprofit organization situated in Lake Forest, Illinois, with a mission to enhance literacy skills among low-achieving elementary school children. By providing an independent tutoring program in collaboration with schools, they aim to accelerate children's literacy learning and foster a love for reading and writing in them. With a strong belief that all children deserve to reach their academic potential, Reading Power Inc employs 28 individuals in its mission to support these young learners.
Official website here: www.readingpowerinc.org
What are the reviews and ratings of this charity?
Rating from Charity Navigator: 88% (Three-Star out of Four Star rating)
Reading Power Inc has achieved a strong 88% rating on Charity Navigator, indicating solid performance in both accountability and finance. The organization boasts a majority of independent board members, which enhances its governance. Additionally, the charity has demonstrated excellent financial oversight with a high program expense ratio of 78.34%, indicating that a significant portion of its funds is directed towards its mission.
While the organization shows strengths in various areas, it also has notable limitations. The absence of a whistleblower policy and a document retention and destruction policy may raise concerns about transparency and accountability. Furthermore, the tax form is not available on the nonprofit's website, which could hinder potential donors from accessing important financial information.
Overall, Reading Power Inc is doing well in terms of overall management and the effective use of funds, but there are some governance-related shortcomings that could be addressed to improve its transparency and foster greater donor confidence.
This AI summary has been generated from information found on Charity Navigator.
Is Reading Power Inc legitimate?
Reading Power Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Reading Power 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:
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Other Salaries and Wages: $961,021
For more financial information, click here
Official website here: www.readingpowerinc.org
What is the mission statement of Reading Power Inc?
Reading Power Inc, a non-profit organization, is dedicated to enhancing literacy skills among low-achieving children in elementary schools. Their mission is twofold: to accelerate the learning of reading and writing in these children, and to foster in them a love for reading and writing. They achieve this goal through an independent tutoring program, collaborating closely with the schools. The organization believes that every child has the potential to excel academically, and their mission is to help them realize this potential.
Official website here: www.readingpowerinc.org
Who is the CEO of Reading Power Inc?
Lisa Bulzoni is the Director of Reading Power Inc.
Official website here: www.readingpowerinc.org
What is the revenue of Reading Power Inc?
Reading Power Inc's revenue in 2023 was $1,242,929.
Official website here: www.readingpowerinc.org
Who are the executives of Reading Power Inc and what are their salaries?
The average compensation at Reading Power Inc during 2023 was $34,322. There are 28 employees and 220 volunteers at Reading Power Inc.
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Official website here: www.readingpowerinc.org
Where can I find the form 990 for Reading Power Inc?
Reading Power Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.readingpowerinc.org
Learn more at the official website: www.readingpowerinc.org
Mission Statement of Reading Power Inc
Reading Power Inc, a nonprofit organization, is dedicated to enhancing the literacy skills of low-achieving children attending elementary schools. Their mission is twofold: firstly, to accelerate the learning of literacy among these children, and secondly, to foster in them a passion for reading and writing. This is achieved through an independent tutoring program, which works in collaboration with the schools. Reading Power Inc firmly believes that every child has the potential to excel academically, and they strive to help realize this potential by nurturing their literacy skills.
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Impact
October, 2024
Reading Power Inc has made a significant impact by providing essential literacy tutoring programs tailored for low-achieving elementary school children. By focusing on accelerating literacy learning, the organization fosters a deep appreciation for reading and writing among young learners. This initiative not only enhances academic skills but also empowers children to realize their full potential. Through collaboration with schools, Reading Power promotes an inclusive environment where every child is given the tools and support needed to succeed academically. The commitment to nurturing a love of reading has long-lasting benefits, inspiring future generations to value education and lifelong learning.
This information is meant to be a general summary of Reading Power 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 2023.
- Investment Income: $17,561
- Gross Receipts: $1,318,337
Assets and Liabilities:
- Total Assets: $1,182,434
- Total Liabilities: $404,941
- Net Assets: $777,493
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Organization Details
Founding Year
2005
Phone
(847) 436-8060Principal Officer
Lisa Bulzoni
Main Address
736 NORTH WESTERN AVE 226, LAKE FOREST, IL, 60045
Website
www.readingpowerinc.orgNTEE Category
Code: O50 - Youth development
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