Overview
What is Read Foundation?
The Read Foundation, also known as Memphis School of Excellence, is a Memphis-based nonprofit organization with a mission to provide a nurturing environment that fosters the academic and social growth of its students. With a focus on math, science, and technology, this public charter school aims to help students reach their higher education goals. The organization, with a team of 194 employees, offers a safe and collaborative setting that prioritizes these subjects to ensure students thrive and succeed. The Read Foundation operates at 4451 S Mendenhall Rd, Memphis, TN 38141.
Official website here: www.sememphis.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 68%, earning a Two-Star out of Four Star rating.
The Read Foundation has received a Two-Star rating from Charity Navigator, indicating a need for improvement in its accountability and financial practices. Notably, it lacks independent board members, which raises concerns about governance. While the foundation demonstrates positive aspects such as a solid program expense ratio and effective oversight on several policies, its overall financial health, as suggested by the liabilities to assets ratio, poses significant challenges.
User feedback from Great Nonprofits paints a more favorable picture of the foundation's educational initiatives. Reviewers highlight the supportive environment it creates for students, emphasizing high graduation and college acceptance rates. The focus on STEM programs and extensive extracurricular opportunities is also praised, showcasing the foundation's commitment to preparing students for future success.
Despite the positive reviews surrounding its educational efforts, the foundation's governance issues and financial transparency noted in the Charity Navigator rating suggest that potential donors should carefully consider these factors before contributing.
This AI summary has been generated from information found on Charity Navigator and Great Nonprofits.
What do the Facebook reviews say about Read Foundation?
With only a handful of reviews currently available, the Read Foundation has not yet accumulated an overall rating on Facebook. However, one positive review highlights a strong sentiment towards the school and its community, expressing appreciation for the staff, students, and the supportive environment.
This single review indicates that there is a sense of enthusiasm and satisfaction among those involved with the foundation, suggesting a welcoming and positive atmosphere. While more feedback would provide a clearer picture, this early commentary reflects well on the organization's ability to create a commendable educational experience.
Overall, the response so far implies that the Read Foundation fosters a supportive and collaborative environment, which resonates positively with families and stakeholders connected to the school.
This AI summary has been generated from reviews found on Facebook.
Is Read Foundation legitimate?
Read Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Read Foundation 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: $116,180
Professional Fundraising Fees: $0
Other Salaries and Wages: $7,114,599
For more financial information, click here
Official website here: www.sememphis.org
What is the mission statement of Read Foundation?
The Read Foundation is dedicated to fostering the academic and social growth of its students by promoting an engaging learning environment that emphasizes math, science, and technology. The organization's mission is to cultivate students' potential and help them set and achieve higher education goals. By focusing on these core subjects, the foundation aims to provide a collaborative and safe setting that encourages students' academic development and prepares them for future educational pursuits.
Official website here: www.sememphis.org
Who is the CEO of Read Foundation?
Samuel Beyhan is the Exec Director-Incoming of Read Foundation.
Official website here: www.sememphis.org
What is the revenue of Read Foundation?
Read Foundation's revenue in 2022 was $16,018,216.
Official website here: www.sememphis.org
Who are the executives of Read Foundation and what are their salaries?
The average compensation at Read Foundation during 2022 was $37,272. There are 194 employees and 150 volunteers at Read Foundation.
Here are 8 key members and their salaries:
- Compensation: $107,668
- Related: $0
- Other: $14,661
- Compensation: $69,668
- Related: $0
- Other: $10,052
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.sememphis.org
Where can I find the form 990 for Read Foundation?
Read Foundation's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.sememphis.org
Learn more at the official website: www.sememphis.org
Mission Statement of Read Foundation
The Read Foundation is a nonprofit organization dedicated to fostering a safe and collaborative environment that nurtures the academic and social growth of its students. By emphasizing math, science, and technology, the Foundation aims to help students set and achieve higher education goals. In simpler terms, the Read Foundation is a beacon of learning where students are encouraged to excel in these essential subjects, ultimately preparing them for future academic pursuits.
Nestled within this mission, the Read Foundation offers a unique educational experience. With a strong emphasis on math, science, and technology, the organization creates an engaging and dynamic learning environment. Students are not only encouraged to master these subjects but also to apply their knowledge in practical ways. The Foundation's approach is rooted in the belief that these subjects are vital stepping stones to higher education and future success.
The Read Foundation's commitment to its students extends beyond academic achievement. It also values the importance of social development. By fostering a collaborative environment, the Foundation encourages students to work together, build relationships, and learn from one another. This holistic approach allows students to develop essential skills that will serve them well in their future endeavors.
In summary, the Read Foundation is a public charter school that provides educational opportunities to its students, focusing on math, science, and technology to help them meet higher education goals. Its mission is to cultivate a safe and collaborative environment where students can thrive academically and socially.
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Impact
October, 2024
Read Foundation significantly impacts the community by providing a safe and collaborative educational environment that fosters both academic and social development for students. Emphasizing subjects like math, science, and technology, it empowers students to set and achieve higher education goals. Located in Memphis, TN, the foundation's commitment to offering quality educational opportunities plays a crucial role in shaping the future of the surrounding community, enabling students to thrive and reach their potential. Its holistic approach not only cultivates academic excellence but also prepares students to excel in a rapidly evolving world.
This information is meant to be a general summary of Read Foundation. 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: $111,773
- Program Service Revenue: $13,862,913
- Gross Receipts: $16,018,216
Assets and Liabilities:
- Total Assets: $29,882,886
- Total Liabilities: $20,084,832
- Net Assets: $9,798,054
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
PER PUPIL ALLOCATION REVENUE
Revenue
$13,822,639
LOCAL REVENUE
Revenue
$40,274
Organization Details
Founding Year
2009
Phone
(901) 367-7814Principal Officer
Samuel Beyhan
Main Address
4450 S MENDENHALL RD, MEMPHIS, TN, 38141
Website
www.sememphis.orgNTEE Category
Code: B99 - Education
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