Well-Read Mom
Legal name: Well Read Mom Inc
Nonprofit profile at a glance
- EIN
- 464825932
- IRS 990 coverage
- 2020–2024
- Official website data refreshed
- Sep 2026
- Forms available
- Form 990 2024, Form 990-EZ 2018, Form 990-N 2016
- Location
- Ironton, MN, USA
- Phone
- 2185469787
- Rating
- 76
- Verdict
- SUPPORTED
- Rating confidence
- Moderate
- Sector
- Religious Media, Communications
- Affiliation
- Religious (unspecified)
Reported finances
- Revenue
- $857,299
- Expenses
- $802,879
- Assets
- $932,799
- Liabilities
- $611,278
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
7 people listed
Highest reported compensation
- NICOLE BUGNACKI (EXECUTIVE DI): $51,891 total reported compensation
- MARCIE STOKMAN (CHAIR): $41,050 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
Well-Read Mom accompanies women in the reading of great books and spiritual classics to encourage personal growth, friendship, and meaningful conversations in order to explore the human condition and reorient ourselves to what is good, beautiful, and true. Join an existing group, host a group, or read along with a friend. As we accompany one another, there is accountability, support, and a sense of belonging that helps to foster the habit of regular reading. Let Well-Read Mom help you form beautiful friendships. Browse groups here. Well-Read Mom Books That Push, Provoke, and Inspire. There is no “failing” when you join Well-Read Mom. With our tips, support, and accountability, you’ll read more and read well - whether that means finishing a heavy-hitter like _Crime and Punishment_ , or a few pages of a classic work like _To Kill a Mockingbird,_ we meet you where you’re at. Find Out...
What it reported doing in 2024
To suggest works of literature that encourage women to grow intellectually, spiritually, and personally through deepened thought and conversation. To foster meaningful friendship among women and thus to counteract the increasing isolation characteristic of our culture. To deepen awareness of the immensity of meaning hidden in each woman's daily life. To build community locally and nationally through meetings and well- read mom events. To provide original resource materials that illuminate the literature through the lens of catholic tradition. To encourage intentional family life, reading in the home, and all mothers' awareness of their unique presence in the heart of the family.
Operating model
- Revenue model
- Membership-supported. 89% of the money available for current operations came from membership dues.
- 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
SUPPORTED - The filed numbers largely add up and a large share of available resources goes toward mission work. Some filing-based governance responses are negative or unanswered and expenses are high relative to revenue.
Rating breakdown
- Financial Efficiency: 67
- Transparency & Controls: 92
- Accountability: 71
- Sustainability: 44
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 74.1%; rating input score 74
- Program expense ratio: 78.9%; rating input score 79
- Fundraising efficiency: Limited
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: 85.7%; rating input score 86; 20th percentile among comparable filings
- Governance controls: 4 of 8 controls in place; rating input score 50
- Conflict-of-interest policy: Fail
- Whistleblower policy: Fail
- Document-retention policy: Fail
- CEO compensation review process: NotApplicable
- Other executive compensation review process: Fail
- Form 990 shared with the board: Pass
- Board meeting minutes documented: Pass
- Audit committee oversight: Pass
- Independent financial-statement audit: Pass
Sustainability
- Operating margin: 6.3%; rating input score 53; 53rd percentile among comparable filings
- Total-asset coverage ratio: 1.16; rating input score 47; 47th percentile among comparable filings
- Liabilities to assets ratio: 0.66; rating input score 12; 12th percentile among comparable filings
- Officer compensation ratio: 11.6%; rating input score 32; 32nd percentile among comparable filings
Growth
- Program expense growth: 34% per year; rating input score 100; 92nd percentile among comparable filings
- Revenue growth: 28.5% per year; rating input score 100; 91st percentile among comparable filings
- Asset growth: 38% per year; rating input score 100; 94th percentile among comparable filings
Details
- What they do: 1 programs and campaigns described on the official site
- Where the money goes: 74.1% of revenue deployed · 78.9% of spending went to programs
- Governance: 6 of 7 board members independent · 4 of 8 filing controls reported
- Programs: 1 filed program accomplishment · $634K in reported program spending
- Leadership: top reported pay $52K · 7 people listed
- Consistency: 24 of 24 current checks pass
- Schedules: 4 filed schedules · includes major donors
- Filing history: 5 filing years from 2020 to 2024
- Contacts: How to reach this organization
- Money network: 3 filed money-flow records
- 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.
- Review — Accountability: Governance controls: 4 of 8 not reported.
- Review — Sustainability: Operating margin scored 53/100.
- Moderate — Sustainability: Total-asset coverage ratio scored 47/100.
- High — Sustainability: Liabilities to assets ratio scored 12/100.
- Moderate — Sustainability: Officer compensation ratio scored 32/100.