Reach Out and Read of Greater New York Inc
Nonprofit profile at a glance
- EIN
- 134080045
- IRS 990 coverage
- 2010–2024
- Forms available
- Form 990 2024
- Location
- New York, NY, USA
- Phone
- 6464536785
- Rating
- 72
- Verdict
- SUPPORTED
- Rating confidence
- Moderate
- Sector
- Remedial Reading, Reading Encouragement
Reported finances
- Revenue
- $1,496,837
- Expenses
- $1,664,242
- Assets
- $918,967
- Liabilities
- $305,235
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
23 people listed
Executive titles in this filing
- EMILY MARCHESE (EXECUTIVE DIRECTOR)
Highest reported compensation
- EMILY MARCHESE (EXECUTIVE DIRECTOR): $245,315 total reported compensation
- JESSICA LIZZIO (DIRECTOR OF MEDICAL ENGAGEMENT): $138,294 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
Reach out and read prepares america's youngest children to succeed in school by partnering with doctors to prescribe books and encourage families to read together. We build on the unique relationship between parents and medical providers to develop essential early literacy skills in young children via the existing health infrastructure.
What it reported doing in 2024
Reach out and read of greater New York prepares New York's youngest children to succeed in school by partnering with doctors to prescribe books and encourage families to read together. Medical professionals incorporate reach out and read's evidence-based model into regular pediatric checkups, by advising parents about the importance of reading aloud and giving free, developmentally appropriate books to children. The program begins at the 6 month check up and continues through age 5, with a special emphasis on children growing up in low-income communities. Primarily serving New York city, we also have programs throughout long island and lower hudson valley.
Operating model
- Revenue model
- Donor-supported. 68% of the money available for current operations came from contributions and gifts.
- Distribution model
- Hybrid. The nonprofit split its reported program spending across 54% for direct work, 42% for grants, and 4% for affiliated organizations.
- Includes noncash contributions: Reported contributions include donated property or goods.
The verdict
SUPPORTED - A large share of available resources goes toward mission work and most voting board members are independent. The filing does not identify recipients for some grant dollars and fundraising costs are high for each dollar raised.
Rating breakdown
- Financial Efficiency: 72
- Transparency & Controls: 65
- Accountability: 100
- Sustainability: 19
- Growth: 60
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 81.6%; rating input score 82
- Program expense ratio: 73.2%; rating input score 73
- Fundraising efficiency: $5.55 raised per $1 spent on fundraising; rating input score 20; 20th percentile among comparable filings
Transparency & Controls
- Consistency checks: 95%; rating input score 95; 26th percentile among comparable filings
- Pay-setting controls: 2 of 6 controls in place; rating input score 33
- Compensation committee: Missing
- Independent consultant: Missing
- Other Form 990s reviewed: Missing
- Written employment contract: Missing
- Compensation survey or study: Pass
- Board or committee approval: Pass
- Foreign activity oversight: Limited
- Grant itemization coverage: 34.8%; rating input score 35; 27th percentile among comparable filings
- 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: 8 of 8 controls in place; rating input score 100
- Conflict-of-interest policy: Pass
- Whistleblower policy: Pass
- Document-retention policy: Pass
- CEO compensation review process: Pass
- Other executive compensation review process: NotApplicable
- Form 990 shared with the board: Pass
- Board meeting minutes documented: Pass
- Audit committee oversight: Pass
- Independent financial-statement audit: Pass
Sustainability
- Operating margin: -11.2%; rating input score 16; 16th percentile among comparable filings
- Total-asset coverage ratio: 0.55; rating input score 26; 26th percentile among comparable filings
- Liabilities to assets ratio: 0.33; rating input score 23; 23rd percentile among comparable filings
- Officer compensation ratio: 23.1%; rating input score 11; 11th percentile among comparable filings
Growth
- Program expense growth: -3.3% per year; rating input score 0; 10th percentile among comparable filings
- Revenue growth: 0.5% per year; rating input score 100; 17th percentile among comparable filings
- Asset growth: 3.8% per year; rating input score 100; 33rd percentile among comparable filings
Details
- Where the money goes: 81.6% of revenue deployed · 73.2% of spending went to programs
- Governance: 18 of 18 board members independent · 8 of 8 filing controls reported
- Programs: 1 filed program accomplishment · $1.2M in reported program spending
- Leadership: top reported pay $245K · 23 people listed · 2 of 6 pay-setting controls reported
- Consistency: 38 of 39 current checks pass · 1 finding to review
- Schedules: 9 filed schedules · includes major donors, grants, and executive pay
- Filing history: 14 filing years from 2010 to 2024
- Contacts: How to reach this organization
- Money network: 14 filed money-flow records
- Related organizations: 12 filed related-organization links
- 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 — Transparency & Controls: Grant itemization coverage scored 35/100.
- High — Financial Efficiency: Fundraising efficiency scored 20/100.
- High — Growth: Program expense growth scored 0/100.
- High — Sustainability: Operating margin scored 16/100.
- High — Sustainability: Total-asset coverage ratio scored 26/100.
- High — Sustainability: Officer compensation ratio scored 11/100.
- High — Sustainability: Liabilities to assets ratio scored 23/100.
- Review — Transparency & Controls: Domestic grant itemization did not reconcile in the filed values.