Catch Up & Read Inc
Nonprofit profile at a glance
- EIN
- 453533496
- IRS 990 coverage
- 2012–2024
- Forms available
- Form 990 2024
- Location
- Dallas, TX, USA
- Phone
- 4692067244
- Rating
- 80
- Verdict
- STRONG
- Rating confidence
- Moderate
- Sector
- Remedial Reading, Reading Encouragement
Reported finances
- Revenue
- $2,897,500
- Expenses
- $2,131,121
- Assets
- $4,081,198
- Liabilities
- $419,222
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
15 people listed
Executive titles in this filing
- CAROL GOGLIA (PRESIDENT)
Highest reported compensation
- CAROL GOGLIA (PRESIDENT): $136,573 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
Catch up & read's mission is to equip children from underserved communities to read on grade level by the end of 3rd grade so they can graduate from high school and break the generational cycle of poverty. Our focus is to equip teachers with evidence-based literacy practices that give children from underserved communities the reading foundation they need to succeed in school and life.
What it reported doing in 2024
Catch up & read (car) provides both teacher training and tutoring for high need students. Car raises the bar on classroom instruction and reinforces learning after school to maximize the dosage of consistent, high quality intervention that each child receives so that they can actually catch up. Teacher training incorporates science-based literacy and social-emotional practices that meet the needs of children from under-served communities. High quality classroom instruction provides equitable instruction for every child in the classroom for years to come. Car offers teachers up to 100 hours of training and practicum so they can apply their learnings with both their classroom students and after school tutoring while receiving car's active feedback and coaching. Students receive up to 70 hours of tutoring. Car is one of the few agencies providing both spanish and english intervention onsite at their schools. Students advance at a faster rate than their classmates and teachers report increased morale, tenure and effectiveness.
Operating model
- Revenue model
- Donor-supported. 62% of the money available for current operations came from contributions and gifts.
- Distribution model
- Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.
- Includes noncash contributions: Reported contributions include donated property or goods.
The verdict
STRONG - The filed numbers largely add up and a large share of available resources goes toward mission work. Fundraising costs are high for each dollar raised and some filing-based governance responses are negative or unanswered.
Rating breakdown
- Financial Efficiency: 65
- Transparency & Controls: 92
- Accountability: 90
- Sustainability: 68
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 61.6%; rating input score 62
- Program expense ratio: 82.5%; rating input score 83
- Fundraising efficiency: $6.59 raised per $1 spent on fundraising; rating input score 24; 24th percentile among comparable filings
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
- Pay-setting controls: Limited
- Foreign activity oversight: Limited
- Grant itemization coverage: Limited
- Major donor itemization: Yes; rating input score 100
- Related-party transparency: Limited
Accountability
- Independent voting board: 100%; rating input score 100; 63rd percentile among comparable filings
- Governance controls: 6 of 8 controls in place; rating input score 75
- Conflict-of-interest policy: Pass
- Whistleblower policy: Pass
- Document-retention policy: Pass
- CEO compensation review process: Fail
- Other executive compensation review process: NotApplicable
- Form 990 shared with the board: Fail
- Board meeting minutes documented: Pass
- Audit committee oversight: Pass
- Independent financial-statement audit: Pass
Sustainability
- Operating margin: 26.4%; rating input score 82; 82nd percentile among comparable filings
- Total-asset coverage ratio: 1.92; rating input score 60; 60th percentile among comparable filings
- Liabilities to assets ratio: 0.1; rating input score 58; 58th percentile among comparable filings
- Officer compensation ratio: 6.4%; rating input score 45; 45th percentile among comparable filings
Growth
- Program expense growth: 23.7% per year; rating input score 100; 89th percentile among comparable filings
- Revenue growth: 23.6% per year; rating input score 100; 91st percentile among comparable filings
- Asset growth: 26.5% per year; rating input score 100; 91st percentile among comparable filings
Details
- Where the money goes: 61.6% of revenue deployed · 82.5% of spending went to programs
- Governance: 15 of 15 board members independent · 6 of 8 filing controls reported
- Programs: 1 filed program accomplishment · $1.8M in reported program spending
- Leadership: top reported pay $137K · 15 people listed
- Consistency: 26 of 26 current checks pass
- Schedules: 5 filed schedules · includes major donors
- Filing history: 13 filing years from 2012 to 2024
- Contacts: How to reach this organization
- Money network: 1 filed money-flow record
- Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
- People: Everyone the filings name, and which of them the filings identify by more than a name.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
- High — Financial Efficiency: Fundraising efficiency scored 24/100.
- Review — Accountability: Governance controls: 2 of 8 not reported.
- Moderate — Sustainability: Officer compensation ratio scored 45/100.
- Review — Sustainability: Liabilities to assets ratio scored 58/100.