JOYFUL READERS INC

EIN: 862200001 501(c)(3) Youth Development

PHILADELPHIA, PA

Total Revenue
$2,228,619
Total Expenses
$2,047,353
Total Assets
$937,296
Net Assets
$904,359
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Financial Trends

Organization Details

Formation Year
2021
Legal Domicile
PA
Principal Officer
DAVID WEINSTEIN
Phone
2674675165
Tax Period
2024-07-01 to 2025-06-30

JOYFUL READERS INC, founded in 2021, is a community nonprofit in the Youth Development sector that reported $2.2M in total revenue in fiscal year 2024. Expenses of $2.0M left a modest 8% surplus.

Mission

THE ORGANIZATION'S MISSION IS TO ENSURE THAT ALL STUDENTS GAIN THE LITERACY SKILLS THEY NEED TO BECOME SUCCESSFUL, CONFIDENT, AND YES...JOYFUL READERS!

Program Service Accomplishments

Program 1
Expenses: $1,793,668 Revenue: $633,333

AMERICORPS READING TUTORING PROGRAM -JOYFUL READERS RECRUITS AND TRAINS AMERICORPS MEMBERS TO SERVE AS HIGH-DOSAGE READING TUTORS FOR PHILADELPHIA PUBLIC SCHOOL STUDENTS WHO NEED ADDITIONAL SUPPORT...

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AMERICORPS READING TUTORING PROGRAM -JOYFUL READERS RECRUITS AND TRAINS AMERICORPS MEMBERS TO SERVE AS HIGH-DOSAGE READING TUTORS FOR PHILADELPHIA PUBLIC SCHOOL STUDENTS WHO NEED ADDITIONAL SUPPORT TO READ ON GRADE LEVEL. THE PROGRAM IS BASED ON THE EXTENSIVE BODY OF RESEARCH THAT IDENTIFIES HIGH-DOSAGE READING TUTORING AS ONE OF THE MOST EFFECTIVE EDUCATION INTEVENTIONS AVAILABLE TO STUDENTS. IN THE 2024-25 SCHOOL YEAR, THE ORGANIZATION PROVIDED HIGH-IMPACT READING TUTORING TO 991 STUDENTS IN 18 PHILADELPHIA SCHOOLS. EXTERNAL RESEARCH ON THE JOYFUL READERS PROGRAM HAS CONTINUED TO FIND THAT STUDENTS' READING GROWTH OUTPACES THE GROWTH THAT WOULD BE EXPECTED IN A TYPICAL SCHOOL YEAR. JOYFUL READERS STUDENTS ARE NOT ONLY IMPROVING IN READING, BUT ALSO MAKING MEANINGFUL PROGRESS TOWARDS CLOSING THE GAP BETWEEN THEIR ASSESSMENT SCORES AND THE NATIONAL MEDIAN SCORE OF STUDENTS IN THE SAME GRADE BETWEEN FALL AND SPRING. MOST GRADUATES FROM THE JOYFUL READERS AMERICORPS MEMBER COHORT REPORT THAT THEIR NEXT STEP INVOLVES PURSUING A CAREER IN THE EDUCATION FIELD, HELPING JOYFUL READERS TO CONTRIBUTE TO A DIVERSE PIPELINE OF EDUCATORS WHO WILL CONTINUE TO SERVE STUDENTS AFTER THEIR TERM OF SERVICE.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $1,589,848
Program Service Revenue $633,333
Investment Income $0
Other Revenue $5,438
TOTAL REVENUE $2,228,619

Expense Breakdown

Grants Paid $795,720
Salaries & Benefits $889,447
Fundraising Expenses $142,589
Program Expenses $1,793,668
Other Expenses $362,186
TOTAL EXPENSES $2,047,353

Year-over-Year Comparison

2024 2023 Change
Revenue $2,228,619 $2,305,404 0.0%
Expenses $2,047,353 $1,822,081 +0.1%
Net Income $181,266 $483,323 -0.6%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Liquidity & Cash Position

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Governance

Voting Members
12
Independent Members
11
Employees
95
Volunteers
93

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
4
$118,828
Total Directors
12
$118,828
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
DAVID WEINSTEIN EXECUTIVE DIRECTOR 40.00
Officer Director
$110,860 $7,968 $118,828
BRITTNEY MATYAS CPA PRESIDENT 2.00
Officer Director
$0 $0 $0
VIRGIL SHEPPARD SECRETARY 2.00
Officer Director
$0 $0 $0
BARRY SILVER TREASURER 2.00
Officer Director
$0 $0 $0
ANTONIO J BURRELL ESQ BOARD MEMBER 2.00
Director
$0 $0 $0
ANDREA CARTER BOARD MEMBER 2.00
Director
$0 $0 $0
TIMOTHY GALAZ ESQ BOARD MEMBER 2.00
Director
$0 $0 $0
AMANDA GAMBLE BOARD MEMBER 2.00
Director
$0 $0 $0
SHARON MARINO BOARD MEMBER 2.00
Director
$0 $0 $0
PRERNA SRIVASTAVA BOARD MEMBER 2.00
Director
$0 $0 $0
SAMANTHA ELLIS BOARD MEMBER 2.00
Director
$0 $0 $0
DAVID RHODEN BOARD MEMBER 2.00
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
2025 $2,228,619 $2,047,353 $937,296 $181,266
2024 No data No data No data No data
2023 $1,308,932 $1,173,327 $278,927 $135,605
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