Childrens Reading Foundation of Greater Chicago
Nonprofit profile at a glance
- EIN
- 460608628
- IRS 990-EZ coverage
- 2013–2015
- Forms available
- Form 990-EZ 2015, Form 990-N 2012
- Location
- Chicago, IL, USA
- Phone
- 8555732387
- Rating
- 95
- Verdict
- STRONG
- Rating confidence
- Moderate
- Sector
- Remedial Reading, Reading Encouragement
Reported finances
- Revenue
- $135,028
- Expenses
- $142,289
- Assets
- $7,731
Source: IRS Form 990-EZ. Selected filing: tax year 2015. Amounts in USD.
Leadership & pay
5 people listed
Executive titles in this filing
- LEMI ERINKITOLA (Executive Director)
People named in this filing
- LEMI ERINKITOLA (Executive Director)
- AYOPO JONES (Director of Finance)
- NELLIE SIMS (Secretary/Director of Community Relations)
Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.
Source: IRS Form 990-EZ. Selected filing: tax year 2015. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
To Encourage and educate families and communities about their important role in raising a reader. Support schools and organizations with efforts to assure children read on grade level by the end of the third grade. Provide support services for children reading below grade level. Facilitate community involvement in helping young readers be successful.
What it reported doing in 2015
Our summer program helps families, caregivers and children make reading aloud part of their daily summer routines. READ Up offers free weekly storytime and books are provided for eight weeks in convenient locations. Materials are available in English and Spanish. All children from birth to age 8 are welcome with their parents or caregivers. Each 20 minute story includes simple read-aloud tips modeled by trained volunteers. Oral language and print concepts are emphasized. Each week, adults leave with new skills and motivation to encourage reading and children leave with a new book. Research shows that access to books, books in the home, and reading aloud directly lead to gains in pre-literacy and literacy skills.
Operating model
- Revenue model
- Donor-supported. 100% 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.
The verdict
STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Expenses are high relative to revenue and total assets are small relative to annual expenses; liquid coverage is unknown.
Rating breakdown
- Financial Efficiency: 100
- Transparency & Controls: 100
- Sustainability: 12
- Growth: 80
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 100%; rating input score 100
- Program expense ratio: 99.9%; rating input score 100
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 51st percentile among comparable filings
- Major donor itemization: Yes; rating input score 100
Sustainability
- Operating margin: -5.4%; rating input score 20; 20th percentile among comparable filings
- Total-asset coverage ratio: 0.05; rating input score 6; 6th percentile among comparable filings
- Liabilities to assets ratio: Limited
- Officer compensation ratio: 41.8%; rating input score 6; 6th percentile among comparable filings
Growth
- Program expense growth: 30.7% per year; rating input score 100; 85th percentile among comparable filings
- Revenue growth: 27.5% per year; rating input score 100; 89th percentile among comparable filings
- Asset growth: -29.8% per year; rating input score 0; 6th percentile among comparable filings
Details
- Where the money goes: 100% of revenue deployed · 99.9% of spending went to programs
- Governance: Filed governance answers
- Accomplishments: 2 filed program accomplishments · $142K in reported program spending
- Leadership: top reported pay $0 · 5 people listed
- Consistency: 6 of 6 current checks pass
- Schedules: 3 filed schedules
- Filing history: 3 filing years from 2013 to 2015
- 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 — Sustainability: Operating margin scored 20/100.
- High — Sustainability: Total-asset coverage ratio scored 6/100.
- High — Growth: Asset growth scored 0/100.
- High — Sustainability: Officer compensation ratio scored 6/100.