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Read Foundation Inc

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 223423957 ✦ Woodbridge, NJ ✦ Designated as a 501(c)(3)

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Overview

What is Read Foundation Inc?

The Read Foundation Inc, situated in Woodbridge, New Jersey, is a nonprofit organization that plays a significant role in supporting educational initiatives. By funding various programs, it collaborates with Municipalities in Central and Southern Jersey. One of its primary focuses is combating drug addiction through Education Against Drug Addiction. The organization's mission is to contribute to the betterment of education within these regions, aiming to make a positive impact on the local communities.

Is Read Foundation Inc legitimate?

Read Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Read Foundation 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $35,976

For more financial information, click here

What is the mission statement of Read Foundation Inc?

The Read Foundation Inc, in its mission, seeks to fund various educational programs across Municipalities in Central and Southern Jersey. This non-profit organization is committed to supporting these communities by providing financial resources for their educational initiatives. One of their key focuses is on Education Against Drug Addiction, demonstrating their dedication to promoting wellness and prevention in the educational sphere. The foundation's activities contribute to enhancing the educational opportunities and resources available to the residents of these municipalities.

Who is the CEO of Read Foundation Inc?

William Kolibas is the President of Read Foundation Inc.

What is the revenue of Read Foundation Inc?

Read Foundation Inc's revenue in 2022 was $80,935.

Who are the executives of Read Foundation Inc and what are their salaries?

The average compensation at Read Foundation Inc during 2022 was $17,988. There are 2 employees at Read Foundation Inc.


Here are 3 key members and their salaries:


William Kolibas (President)
  • Compensation: $18,000
  • Related: $0
  • Other: $0
Jacqueline Mnusco (Secretary)
  • Compensation: $17,976
  • Related: $0
  • Other: $0
Ed Ackerman (Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
Where can I find the form 990 for Read Foundation Inc?

Read Foundation Inc's most recent form 990 was submitted in 2022 and can be accessed here.

Mission Statement of Read Foundation Inc

The Read Foundation, a nonprofit organization, is committed to funding various educational programs within the municipalities of Central and Southern Jersey. Its mission is centered around supporting these participating municipalities by providing financial resources for their educational initiatives. One of the programs it funds is Education Against Drug Addiction. By doing so, the Read Foundation plays a significant role in fostering educational growth and development within the specified regions.

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Impact




October, 2024

Read Foundation Inc significantly impacts education in Central and Southern Jersey by funding a variety of educational programs in participating municipalities. These initiatives, including the Education Against Drug Addiction program, aim to enhance the quality of learning and provide crucial support to communities in need. By focusing on education, the foundation plays a vital role in community improvement, fostering resilience, and promoting healthy choices among youth. Located in Woodbridge, NJ, Read Foundation Inc is dedicated to uplifting local communities through targeted educational funding, addressing pressing social issues, and empowering the next generation.




This information is meant to be a general summary of Read Foundation 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.

Revenue
$80,935 (2022)
Expenses
$85,670 (2022)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Gross Receipts: $80,935

Assets and Liabilities:

  • Total Assets: $35,600
  • Total Liabilities: $0
  • Net Assets: $35,600

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Organization Details

Founding Year

1997

Principal Officer

William Kolibas

Main Address

655 Amboy Avenue Ste 414, Woodbridge, NJ, 07095

NTEE Category

Code: S99 - Community improvement

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