Overview
What is Reading And Math Inc?
Reading and Math Inc, also known as AMPACT, is a Minneapolis, Minnesota-based nonprofit organization focusing on education and national service. They operate two high-impact tutoring programs, Reading Corps and Math Corps, which employ AmeriCorps members to deliver evidence-based literacy and math interventions to students in pre-kindergarten through 8th grade. These programs have proven to significantly improve students' reading and math proficiency, surpassing the progress of their peers without tutoring. With a mission to transform lives and engage people in national service, Reading and Math Inc aims to address critical gaps in educational achievement and other emerging social issues through replicating and expanding evidence-based programs. The organizationboasts an impressive workforce of 3219 employees and reached 42,959 students across 14 states during the 2021-22 program year.
Official website here: www.ampact.us
What are the reviews and ratings of this charity?
Charity Navigator Rating: 92% (Four-Star out of Four Stars)
Reading And Math Inc has received a Four-Star rating from Charity Navigator, reflecting its strong performance in accountability and finance, with a score of 92%. This high rating indicates that the organization effectively manages its financial resources, ensuring transparency and responsible use of funds, which is crucial for donor confidence.
The organization boasts a fully independent board, which is a significant strength, as it enhances governance and reduces potential conflicts of interest. Additionally, Reading And Math Inc has implemented comprehensive policies, including conflict of interest and whistleblower policies, which further demonstrate its commitment to ethical standards and accountability.
However, one area for improvement noted is the liabilities to assets ratio, which stands at 54.93%. While this is acceptable, it suggests that the organization could work on maintaining a stronger balance sheet. Overall, the charity's focus on program expenses, achieving a ratio of 92.99%, indicates that a large portion of its resources is effectively directed towards its mission.
This AI summary has been generated from information found on Charity Navigator.
Is Reading And Math Inc legitimate?
Reading And Math Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Reading And Math 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: $252,633
Professional Fundraising Fees: $0
Other Salaries and Wages: $11,695,977
For more financial information, click here
Official website here: www.ampact.us
What is the mission statement of Reading And Math Inc?
Reading and Math Inc is committed to transforming lives by focusing on replicating and expanding evidence-based programs to address critical gaps in educational achievement and other emerging social issues. The organization's mission is to make a difference by engaging people in national service. Their high-dosage tutoring programs, Reading Corps and Math Corps, are designed to help students develop proficiency in reading and math by training AmeriCorps members to deliver evidence-based interventions to students in pre-kindergarten to 8th grade. The rigorous, third-party research shows that students who receive tutoring from these programs make greater gains and faster progress compared to their peers. Cost-effective and scalable, Reading and Math Inc served 42,959 students across 14 states during the 2021-22 program year.
Official website here: www.ampact.us
Who is the CEO of Reading And Math Inc?
Sadie O'Connor is the Board Chair of Reading And Math Inc.
Official website here: www.ampact.us
What is the revenue of Reading And Math Inc?
Reading And Math Inc's revenue in 2022 was $50,180,193.
Official website here: www.ampact.us
Who are the executives of Reading And Math Inc and what are their salaries?
The average compensation at Reading And Math Inc during 2022 was $3,712. There are 3219 employees and 2649 volunteers at Reading And Math Inc.
Here are 11 key members and their salaries:
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- Compensation: $87,537
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- Other: $27,291
- Compensation: $110,631
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- Other: $10,038
Official website here: www.ampact.us
Where can I find the form 990 for Reading And Math Inc?
Reading And Math Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.ampact.us
Learn more at the official website: www.ampact.us
Mission Statement of Reading And Math Inc
Reading and Math Inc, a renowned nonprofit organization, is dedicated to transforming lives and engaging people in national service. With a focus on addressing critical gaps in educational achievement and economic opportunity, the mission of this esteemed institution is to replicate and expand evidence-based programs.
The heart of Reading and Math Inc's work lies in its high-dosage tutoring programs, Reading Corps and Math Corps. These programs, designed to help students develop proficiency in reading and mathematics, are delivered by AmeriCorps members. Through rigorous evidence-based interventions, these members support students in pre-kindergarten to 8th grade.
Third-party research testifies to the effectiveness of Reading Corps and Math Corps. Students who receive tutoring from these programs make greater gains and progress faster than their peers who do not receive tutoring. This cost-effective and scalable approach served over 42,959 students in 14 states during the 2021-22 program year.
In summary, Reading and Math Inc is a transformative force in the lives of students. By focusing on evidence-based programs and engaging AmeriCorps members, the organization addresses critical gaps in educational achievement and economic opportunity. Through the high-dosage tutoring programs, Reading Corps and Math Corps, it empowers students to make significant strides in their academic journey.
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Impact
October, 2024
Reading And Math Inc significantly impacts educational outcomes by offering high-dosage tutoring programs, Reading Corps and Math Corps, which focus on enhancing reading and math proficiency for students in pre-kindergarten through 8th grade. By training AmeriCorps members to deliver evidence-based literacy and math interventions, these programs ensure that students receive tailored support that leads to substantial academic gains.
Rigorous third-party research demonstrates that students who participate in these tutoring programs achieve greater improvements in their academic performance compared to those who do not. The approach is not only effective but also cost-efficient and scalable, enabling the organization to serve a large number of students—in the 2021-22 program year alone, over 42,000 students across 14 states benefited from these services.
The mission extends beyond education, aiming to transform lives and engage individuals in national service while addressing critical gaps in educational achievement and economic opportunity. By focusing on replicating and expanding evidence-based programs, Reading And Math Inc tackles emerging social issues, fostering a long-lasting positive impact on communities and the educational landscape.
This information is meant to be a general summary of Reading And Math 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: $1,212
- Program Service Revenue: $1,490,729
- Gross Receipts: $50,180,193
Assets and Liabilities:
- Total Assets: $4,709,118
- Total Liabilities: $1,596,675
- Net Assets: $3,112,443
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
LICENSE FEES
Revenue
$841,381
SITE AND TRAINING FEES
Revenue
$649,348
Organization Details
Founding Year
2014
Phone
(612) 206-3030Principal Officer
Sadie O'Connor
Main Address
1200 S WASHINGTON AVE 310, MINNEAPOLIS, MN, 55415
Website
www.ampact.usNTEE Category
Code: B92 - Education
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