Patrick Beaver Learning Resource Center Inc

Nonprofit profile at a glance

EIN
562160295
IRS 990-EZ coverage
2010–2024
Forms available
Form 990-EZ 2024
Location
Hickory, NC, USA
Phone
8286242012
Rating
92
Verdict
STRONG
Rating confidence
Moderate
Sector
Remedial Reading, Reading Encouragement

Reported finances

Revenue
$103,012
Expenses
$104,126
Assets
$150,275
Liabilities
$4,274

Source: IRS Form 990-EZ. Selected filing: tax year 2024. Amounts in USD.

Leadership & pay

12 people listed

People named in this filing

  • RANDY FISHER (PAST CHAIR)
  • KIM FRANKEL (BOARD MEMBER)
  • THOMAS GRIFFIS (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

Patrick beaver learning resource center empowers striving readers, educates their parents, and equips their teachers. Striving readers include those not only affected by dyslexia or adhd but also challenged by poverty or language barriers.

What it reported doing in 2024

Pblrc provided research-based structured literacy tutoring to 39 struggling readers from low-income families at 13 different schools in catawba county. During the 2024-2025 school year, 1,066 hours of reading tutoring were provided at no cost to families or the schools. From pretest to posttest, on a nationally normed individual reading inventory, tutored students recognized 30% more words accurately and answered 57% more comprehension questions correctly. Students read an average of 18 words per minute faster, demonstrating increasing fluency. Pblrc also trained 16 public school teachers in the orton-gillingham approach to teaching reading and coached these teachers so they could provide the most effective reading instruction for their students.

Operating model

Revenue model
Donor-supported. 95% 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 liabilities are high compared with assets.

Rating breakdown

  • Financial Efficiency: 90
  • Transparency & Controls: 100
  • Sustainability: 46
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 89.6%; rating input score 90
  • Program expense ratio: 88.6%; rating input score 89

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 52nd percentile among comparable filings
  • Major donor itemization: Yes; rating input score 100

Sustainability

  • Operating margin: -1.1%; rating input score 30; 30th percentile among comparable filings
  • Total-asset coverage ratio: 1.44; rating input score 71; 71st percentile among comparable filings
  • Liabilities to assets ratio: 0.03; rating input score 34; 34th percentile among comparable filings
  • Officer compensation ratio: 0%; rating input score 63; 63rd percentile among comparable filings

Growth

  • Program expense growth: 10.3% per year; rating input score 100; 61st percentile among comparable filings
  • Revenue growth: 7.6% per year; rating input score 100; 59th percentile among comparable filings
  • Asset growth: 4.4% per year; rating input score 100; 42nd percentile among comparable filings

Details

  • Where the money goes: 89.6% of revenue deployed · 88.6% of spending went to programs
  • Governance: Filed governance answers
  • Accomplishments: 1 filed program accomplishment · $92K in reported program spending
  • Leadership: top reported pay $0 · 12 people listed
  • Consistency: 8 of 8 current checks pass
  • Schedules: 3 filed schedules
  • Filing history: 7 filing years from 2010 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.

  • Moderate — Sustainability: Operating margin scored 30/100.
  • Moderate — Sustainability: Liabilities to assets ratio scored 34/100.