ALLEN COUNTY EDUCATION PARTNERSHIP D/B/A PROJECT READS

EIN: 351823402 501(c)(3)

FORT WAYNE, IN

Total Revenue
$217,435
Total Expenses
$164,630
Total Assets
$153,840
Net Assets
$146,379
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Financial Trends

Organization Details

Formation Year
1991
Legal Domicile
IN
Principal Officer
REBEKAH THOMAS
Phone
2604236447
Tax Period
2020-07-01 to 2021-06-30

ALLEN COUNTY EDUCATION PARTNERSHIP D/B/A PROJECT READS, founded in 1991, is a small nonprofit that reported $217K in total revenue in fiscal year 2020. Revenue surged 31% from the prior year, signaling strong growth momentum. The organization ran a surplus of $53K, a strong 24% operating margin.

Mission

PROJECT READS HELPS STUDENTS IN FIRST TO THIRD GRADE MAKE PROGRESS TO ACHIEVE GRADE LEVEL READING.

Program Service Accomplishments

Program 1
Expenses: $112,894

PROJECT READS IS A ONE-TO-ONE LITERACY TUTORING PROGRAM IN WHICH NEARLY 100 VOLUNTEER MENTORS MEET ONCE A WEEK FROM SEPTEMBER TO MAY TO HELP STRIVING YOUNG READERS DEVELOP AND IMPROVE THEIR LITERACY...

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PROJECT READS IS A ONE-TO-ONE LITERACY TUTORING PROGRAM IN WHICH NEARLY 100 VOLUNTEER MENTORS MEET ONCE A WEEK FROM SEPTEMBER TO MAY TO HELP STRIVING YOUNG READERS DEVELOP AND IMPROVE THEIR LITERACY SKILLS. STUDENTS MEET WITH THE SAME MENTOR EVERY WEEK, ALLOWING THEM TO BECOME COMFORTABLE WITH THE PROGRAM AND BUILD A RELATIONSHIP WITH THE MENTOR. THIS NOT ONLY PROMOTES REGULAR PARTICIPATION, BUT ALSO ALLOWS THE LITERACY MENTOR TO BETTER UNDERSTAND THE CHILD AND HIS OR HER SKILLS AND THEREBY TAILOR THE TUTORING TO EACH SPECIFIC CHILD. PROJECT READS WAS FOUNDED IN 1991 TO PROMOTE A LITERATE AND SKILLED CITIZENRY AND TO SUPPORT THE AREA'S PUBLIC SCHOOLS IN THEIR EFFORTS TO ACCOMPLISH THIS GOAL. WITH OVER 25 YEARS OF EXPERIENCE IN PROMOTING LITERACY IN OUR COMMNITY, WE ARE SUCCESSFULLY FLEXING TO THIS NEW NORMAL IN IN THE POST-PANDEMIC ENVIRONMENT. WE ARE PREPARING A CONTINGENTY PLAN FOR 70% IN CLASSROOM AND 30% ONLINE LITERACY MENTORING IN THE UPCOMING SCHOOL YEAR. THERE ARE REPRESENTATIVES FROM LOCAL SCHOOL DISTRICTS ON OUR BOARD OF DIRECTORS WHO ARE OFFERING GUIDANCE AS WE TAILOR OUR PROGRAMMING TO THE NEEDS OF EACH SCHOOL DISTRICT AND ELEMENTARY SCHOOL. PROJECT READS IS THE ONLY LITERACY PROGRAM IN NORTHEAST INDIANA THAT IS WORKING CLOSELY WITH SCHOOL SUPERINTENDENTS TO IMPROVE LITERACY LEVELS ON A ONE-TO-ONE BASIS. DUE TO COVID-19 AND THE INABILITY TO MENTOR CHILDREN IN PERSON, PROJECT READS INTRODUCED CARIBU TO AREA FAMILIES. CARIBU IS AN ONLINE INTERACTIVE LITERACY PROGRAM THAT ALLOWS PARENTS, GRANDPARENTS AND VOLUNTEERS TO PROVIDE LITERACY SUPPORT TO YOUNG READERS, EVEN AT A DISTANCE. DESCRIBED AS "FACETIME MEETS KINDLE," CARIBU'S LIBRARY INCLUDES OVER 1,500 BOOKS. THIS SERVICE WILL BE PROVIDED TO PROJECT READS FAMILIES AT NO COST. THIS ONLINE ALTERNATIVE ALLOWS OUR MENTORS TO HAVE MEANINGFUL RELATIONSHIPS WITH THE CHILDREN THEY MENTOR WHILE REMAINING SAFE AT HOME. PROJECT READS ANTICIPATES THAT WE WILL RETURN TO NORMAL SITE-BASED VOLUNTEER PROGRAMMING THIS FALL. DURING 2021 PROJECT READS SERVED 57 CHILDREN WITH THE HELP OF 50 VOLUNTEERS.

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Trantor Score

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

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Financial Overview (2020)

Revenue Breakdown

Contributions & Grants $200,892
Program Service Revenue $0
Investment Income $760
Other Revenue $15,783
TOTAL REVENUE $217,435

Expense Breakdown

Grants Paid $0
Salaries & Benefits $109,710
Fundraising Expenses $18,207
Program Expenses $112,894
Other Expenses $54,920
TOTAL EXPENSES $164,630

Year-over-Year Comparison

2020 2019 Change
Revenue $217,435 $165,397 +0.3%
Expenses $164,630 $159,032 +0.0%
Net Income $52,805 $6,365 +7.3%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Governance

Voting Members
11
Independent Members
11
Employees
6
Volunteers
65

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
$28,312
Total Directors
12
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
DESHAWN WERT EXECUTIVE DI 20.00
Officer
$28,312 $0 $28,312
TAMESHA FIKES DIRECTOR 0.50
Director
$0 $0 $0
NANCY FOUTCH DIRECTOR 0.50
Director
$0 $0 $0
MARILYN HISSONG VICE PRESIDE 0.50
Officer Director
$0 $0 $0
AMY LESSON DIRECTOR 0.50
Director
$0 $0 $0
JENNIFER MABLE DIRECTOR 0.50
Director
$0 $0 $0
ISABEL NUNEZ DIRECTOR 0.50
Director
$0 $0 $0
MOLLY ROMMEL SECRETARY 0.50
Officer Director
$0 $0 $0
GLORIA SHAMANOFF DIRECTOR 0.50
Director
$0 $0 $0
JAMIE SHENK DIRECTOR 0.50
Director
$0 $0 $0
SHAWN SOLLENBERGER TREASURER 1.00
Officer Director
$0 $0 $0
JENNIFER SPRAGUE DIRECTOR 0.50
Director
$0 $0 $0
REBEKAH THOMAS PRESIDENT 0.50
Officer Director
$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
2021 $217,435 $164,630 $153,840 $52,805
2021 No data $20,886 No data No data
2020 $165,397 $159,032 $112,452 $6,365
2019 $184,431 $181,797 $87,615 $2,634
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