Need to Read Inc
Nonprofit profile at a glance
- EIN
- 611889828
- IRS 990-EZ coverage
- 2019–2024
- Forms available
- Form 990-EZ 2024, Form 990-N 2018
- Location
- Apopka, FL, USA
- Phone
- 4073251251
- Rating confidence
- Limited
- Sector
- Remedial Reading, Reading Encouragement
Reported finances
- Revenue
- $75,594
- Expenses
- $104,436
- Assets
- $50,769
Source: IRS Form 990-EZ. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
13 people listed
Executive titles in this filing
- RODERICK ZAK (CHAIRMAN [:AMP:] CEO)
People named in this filing
- RODERICK ZAK (CHAIRMAN [:AMP:] CEO)
- SIMON T BAILEY (BOARD MEMBER)
- CECIL HOLLAR (BOARD MEMBER)
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 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
To help children age infant to five years old enhance pre-reading and literacy skills while combating childhood low literacy. Our organisation provide families with resources that are lacking in their communities to foster literacy
What it reported doing in 2024
N2rs pilot programme has laid the foundation for establishing a community wide and eventually a nation wide prereading program to combat low literacy among small children. (grants $0)
Operating model
- Revenue model
- Donor-supported. 97% of the money available for current operations came from contributions and gifts.
- Distribution model
- Cannot be determined from the filing. The filing does not provide enough consistent spending detail to tell whether the nonprofit works directly or through others.
The verdict
- The available evidence is not sufficient to produce an overall rating for this filing. This is not a warning sign.
Rating breakdown
- Financial Efficiency: NotEnoughData
- Transparency & Controls: 82
- Sustainability: 23
- Growth: 0
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: Limited
- Program expense ratio: Limited
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 52nd percentile among comparable filings
- Major donor itemization: Limited
Sustainability
- Operating margin: -38.2%; rating input score 16; 16th percentile among comparable filings
- Total-asset coverage ratio: 0.49; rating input score 29; 29th percentile among comparable filings
- Liabilities to assets ratio: Limited
- Officer compensation ratio: 0%; rating input score 56; 56th percentile among comparable filings
Growth
- Program expense growth: -120% per year; rating input score 0; 2nd percentile among comparable filings
- Revenue growth: -5.1% per year; rating input score 0; 34th percentile among comparable filings
- Asset growth: -10.8% per year; rating input score 0; 16th percentile among comparable filings
Details
- Where the money goes: Financial trends and filed revenue, expense, asset, and liability detail
- Governance: Filed governance answers
- Accomplishments: 1 filed program accomplishment
- Leadership: top reported pay $0 · 13 people listed
- Consistency: 5 of 5 current checks pass
- Schedules: 2 filed schedules
- Filing history: 6 filing years from 2019 to 2024
- Contacts: How to reach this organization
- Money network: Resolved incoming and outgoing counterparties from filed money flows.
- 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 16/100.
- High — Growth: Program expense growth scored 0/100.
- High — Growth: Revenue growth scored 0/100.
- High — Sustainability: Total-asset coverage ratio scored 29/100.
- High — Growth: Asset growth scored 0/100.
- Review — Sustainability: Officer compensation ratio scored 56/100.