Overview
What is Read To Ride Inc?
Read To Ride Inc is a nonprofit organization situated in Norwich, Connecticut, with an address at 21 Stott Avenue. Their primary mission is to distribute bicycles to children residing in the Norwich area. The objective behind this initiative is to motivate and enhance the reading and language skills of these children. By providing bicycles, the organization aims to encourage a love for reading and improve literacy levels within the community. Read To Ride Inc operates locally, focusing on the development and betterment of children's literacy skills through unique and engaging methods.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 31%, Zero-Star out of Four Star rating
Read To Ride Inc has received a low rating on Charity Navigator, indicating significant concerns regarding its accountability and financial practices. The charity's overall score is based entirely on accountability and finance metrics, where it particularly struggles with governance issues, such as the absence of independent board members and missing essential policies, including those for conflict of interest and whistleblower protections.
Despite the lack of independent oversight, the organization has demonstrated some positive aspects, such as having no material diversion of assets and a solid liabilities to assets ratio. However, the charity's program expense ratio is also low, reflecting that only a small portion of its expenditures is directed toward programs, which raises questions about the efficiency of its operations and the impact of its initiatives.
Overall, the significant gaps in governance and transparency, combined with a lack of independent board oversight, overshadow any positive financial indicators. Potential donors and supporters should carefully consider these factors when evaluating their support for Read To Ride Inc.
This AI summary has been generated from information found on Charity Navigator.
Is Read To Ride Inc legitimate?
Read To Ride Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Read To Ride 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: $0
For more financial information, click here
What is the mission statement of Read To Ride Inc?
Read To Ride Inc's mission is centered around distributing bicycles to children in a specific area, with the primary goal of encouraging and enhancing their reading and language skills. The organization uses the distribution of bicycles as a motivational tool to foster improved literacy among these children. By doing so, Read To Ride Inc aims to contribute positively to their overall development and academic growth.
Who is the CEO of Read To Ride Inc?
William Caron is the President/Di of Read To Ride Inc.
What is the revenue of Read To Ride Inc?
Read To Ride Inc's revenue in 2022 was $10,683.
Who are the executives of Read To Ride Inc and what are their salaries?
Here are 3 key members and their salaries:
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for Read To Ride Inc?
Read To Ride Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Read To Ride Inc
Read To Ride Inc, a nonprofit organization, is dedicated to distributing bicycles to children residing in the Norwich, Connecticut area. The primary objective of this initiative is to encourage and enhance the reading and language skills of these children. By providing bicycles, Read To Ride Inc aims to motivate and inspire these young individuals, promoting a positive impact on their literacy development. The distribution of bicycles serves as a unique and engaging incentive, encouraging children to read and improve their language skills.
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Impact
August, 2024
Read To Ride Inc's impact is evident in the positive development and improvement of reading and language skills among Norwich, CT area children. By distributing bicycles to these children, the organization not only encourages physical activity and exploration but also motivates and supports their literacy development. This unique approach fosters a love for reading while promoting overall well-being and growth in young individuals in the Norwich community.
This information is meant to be a general summary of Read To Ride 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: $33
- Gross Receipts: $10,683
Assets and Liabilities:
- Total Assets: $35,067
- Total Liabilities: $0
- Net Assets: $35,067
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Organization Details
Founding Year
2009
Phone
(860) 889-3825Principal Officer
William Caron
Main Address
21 STOTT AVENUE, NORWICH, CT, 06360
NTEE Category
Code: O50 - Youth development
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