Overview
What is Read 718 Inc?
Read 718 Inc is a nonprofit organization situated in Brooklyn, New York, specifically at 420 Atlantic Avenue, 11217. Their primary mission is to offer free or affordably priced individualized reading instruction, mentorship, and various literacy programs to students from low-income families in grades one through eight. They serve their community both in-person and remotely, ensuring that their services are accessible to as many children as possible. The organization's dedicated team of seven individuals is committed to enhancing literacy skills and fostering educational growth among the youth in Brooklyn.
Official website here: www.read718.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 89%, Three-Star out of Four Star rating.
Read 718 Inc has achieved a solid overall score of 89%, reflecting a strong commitment to accountability and finance management. With 93% of its board members being independent, the organization demonstrates a robust governance structure, which is essential for ensuring impartial oversight and decision-making. High marks in financial statements and a lack of material diversion of assets further underscore its reliability.
The organization's program expense ratio of 64.70% indicates that a significant portion of its resources is directed towards its programs, although there is room for improvement in this area as it falls short of optimal standards. Despite this, the organization excels in having established comprehensive policies such as conflict of interest and whistleblower protocols. Overall, while there are some areas for growth, Read 718 Inc appears to operate with a high degree of integrity and effectiveness.
This AI summary has been generated from information found on Charity Navigator.
What do the Facebook reviews say about Read 718 Inc?
It's clear that Read 718 Inc is making a positive impact in its community. With early reviews highlighting the upbeat atmosphere of the organization, it seems to be a delightful environment for both volunteers and the children they serve.
One user emphasized the enjoyment of volunteering there, noting how rewarding it is to be involved in such a meaningful cause. The emphasis on making a difference and interacting with lovely kids suggests that the nonprofit is truly dedicated to its mission of fostering a love for reading. Overall, it appears that participants appreciate their experiences and find value in contributing to this initiative.
This AI summary has been generated from reviews found on Facebook.
Is Read 718 Inc legitimate?
Read 718 Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Read 718 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: $79,156
Professional Fundraising Fees: $0
Other Salaries and Wages: $353,817
For more financial information, click here
Official website here: www.read718.org
What is the mission statement of Read 718 Inc?
Read 718 Inc is committed to providing free or low-cost one-to-one literacy instruction to students from low-income families in grades 1-8. They offer individualized and small group literacy instruction, catering to the unique needs of each child. Their services are delivered both in their two literacy centers and remotely, ensuring accessibility for all. The organization's mission is to empower these students by improving their reading abilities and fostering a love for literature. They aim to equip these children with essential literacy skills, setting them up for success in their academic journey.
Official website here: www.read718.org
What is the revenue of Read 718 Inc?
Read 718 Inc's revenue in 2023 was $744,534.
Official website here: www.read718.org
Who are the executives of Read 718 Inc and what are their salaries?
The average compensation at Read 718 Inc during 2023 was $36,081. There are 12 employees and 239 volunteers at Read 718 Inc.
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Official website here: www.read718.org
Where can I find the form 990 for Read 718 Inc?
Read 718 Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.read718.org
Learn more at the official website: www.read718.org
Mission Statement of Read 718 Inc
Read 718 Inc, a nonprofit organization, is dedicated to providing free or low-cost one-to-one literacy instruction to students hailing from low-income families in Brooklyn, spanning grades 1 through 8. Their mission is to offer individualized and small group literacy instruction, ensuring each child receives personalized attention to enhance their reading skills. These services are not limited to their physical literacy centers, extending to remote sessions as well, catering to the diverse learning needs of their students.
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Impact
July, 2024
Read 718 Inc's impact can be seen through its provision of free or very low-cost one-to-one literacy instruction to students from low-income families in Brooklyn. By offering individualized reading instruction, mentorship, and other literacy programming, both in-person and remotely, Read 718 is making a tangible difference in the lives of children from underserved communities. Through their mission to provide literacy instruction to children in grades 1-8 from low-income households, Read 718 is helping to bridge the educational gap and empower these students to reach their full potential.
This information is meant to be a general summary of Read 718 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: $1,097
- Program Service Revenue: $10,187
- Gross Receipts: $754,834
Assets and Liabilities:
- Total Assets: $774,569
- Total Liabilities: $8,373
- Net Assets: $766,196
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
PROGRAM SERVICE FEES
Revenue
$10,187
Organization Details
Founding Year
2013
Principal Officer
Emily Kirven
Website
www.read718.orgNTEE Category
Code: B99 - Education
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