READ TO THEM INC

EIN: 200953916 501(c)(3) Education

RICHMOND, VA

Total Revenue
$4,859,564
Total Expenses
$4,355,995
Total Assets
$3,713,931
Net Assets
$3,066,588
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Tuckman-Chang Vulnerability Assessment

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Financial Trends

Organization Details

Formation Year
2003
Legal Domicile
VA
Principal Officer
CHRISTA DONOHUE
Phone
8043673195
Tax Period
2024-07-01 to 2025-06-30

Read To Them Inc, founded in 2003, is a community nonprofit in the Education sector that reported $2.5M in total revenue in fiscal year 2018. Revenue surged 34% from the prior year, signaling strong growth momentum.

Mission

WE USE THE POWER OF READING ALOUD TOGETHER TO BUILD CONNECTIONS ACROSS FAMILIES, SCHOOLS, AND COMMUNITIES TO CULTIVATE STUDENTS LEARNING AND SUCCESS.

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Trantor Score

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $298,723
Program Service Revenue $4,415,250
Investment Income $120,591
Other Revenue $25,000
TOTAL REVENUE $4,859,564

Expense Breakdown

Grants Paid $0
Salaries & Benefits $1,100,779
Fundraising Expenses $100,075
Program Expenses $3,112,661
Other Expenses $3,255,216
TOTAL EXPENSES $4,355,995

Year-over-Year Comparison

2024 2023 Change
Revenue $4,859,564 $4,968,131 0.0%
Expenses $4,355,995 $4,571,367 0.0%
Net Income $503,569 $396,764 +0.3%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Financial Health Indicators

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Liquidity & Cash Position

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Governance

Voting Members
12
Independent Members
12
Employees
16
Volunteers
5

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
5
$159,073
Total Directors
11
$0
Key Employees
0
$0
Highest Compensated
1
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
CHRISTA DONOHUE EXECUTIVE DI 40.00
Officer
$136,638 $22,435 $159,073
LYMAN COFFEY DIRECTOR OF 40.00
Highest
$114,937 $0 $114,937
JESSICA ALLISON DIRECTOR 1.00
Director
$0 $0 $0
ELIZABETH BLUE CHAIR 2.00
Officer Director
$0 $0 $0
OPAL CHRISTIE DIRECTOR 1.00
Director
$0 $0 $0
ROBERT JONES DIRECTOR 1.00
Director
$0 $0 $0
MONICA MCDEARMON DIRECTOR 1.00
Director
$0 $0 $0
ARIEL NATHAN DIRECTOR 1.00
Director
$0 $0 $0
SAMANTHA OTERO DIRECTOR 1.00
Director
$0 $0 $0
CATHY PLAGEMAN VICE CHAIR 2.00
Officer Director
$0 $0 $0
JENNA SMIGEL DIRECTOR 1.00
Director
$0 $0 $0
SAIRA THADANI DIRECTOR 1.00
Director
$0 $0 $0
DOUG WOOD TREASURER 4.00
Officer Director
$0 $0 $0
ELIZABETH VOSMIK SECRETARY 2.00
Officer
$0 $0 $0
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2025 $4,859,564 $4,355,995 $3,713,931 $503,569
2024 $4,968,131 $4,571,367 $3,086,811 $396,764
2023 $4,418,037 $4,042,290 $2,555,549 $375,747
2022 $4,089,723 $3,477,584 $2,002,993 $612,139
2021 $3,662,861 $2,839,228 $1,156,856 $823,633
2019 $2,896,389 $2,951,879 $120,548 $-55,490
2018 $2,528,980 $2,502,258 $179,110 $26,722
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