ETHIOPIA READS

EIN: 943283038 501(c)(3) Education

MINNEAPOLIS, MN

Total Revenue
$167,980
Total Expenses
$165,991
Total Assets
$300,851
Net Assets
$285,298
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1999
Legal Domicile
MN
Principal Officer
MALCOLM CLARK
Phone
6123542184
Tax Period
2024-07-01 to 2025-06-30

ETHIOPIA READS, founded in 1999, is a small nonprofit in the Education sector that reported $168K in total revenue in fiscal year 2024. Revenue fell 49% from the prior year — a significant decline worth monitoring.

Mission

ETHIOPIA READS MISSION IS TO BUILD A READING CULTURE IN ETHIOPIA BY CONNECTING CHILDREN WITH BOOKS, LIBRARIES, AND TRAINED LIBRARIANS.

Program Service Accomplishments

Program 1
Expenses: $152,582 Revenue: $858

ALONGSIDE ITS ESTABLISHED COMMUNITY-BASED READING HUBS, INCLUDING THE GEBETA CHILDREN'S COMMUNITY LIBRARY IN ADDIS ABABA, THE HAWASSA READING CENTER, AND ITS DONKEY- AND HORSE-POWERED MOBILE LITERACY...

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ALONGSIDE ITS ESTABLISHED COMMUNITY-BASED READING HUBS, INCLUDING THE GEBETA CHILDREN'S COMMUNITY LIBRARY IN ADDIS ABABA, THE HAWASSA READING CENTER, AND ITS DONKEY- AND HORSE-POWERED MOBILE LITERACY PROGRAMS, ETHIOPIA READS CONTINUED TO EXPAND ACCESS TO BOOKS, READING SUPPORT, AND CHILD-FRIENDLY LEARNING OPPORTUNITIES FOR CHILDREN IN URBAN, RURAL, AND HARD-TO-REACH COMMUNITIES. IN 2025, THESE PROGRAMS PROVIDED REGULAR LIBRARY AND LITERACY SERVICES, SUMMER CAMPS, FAMILY LITERACY ACTIVITIES, TUTORING, AND READING-CENTERED EVENTS THAT SUPPORTED CHILDREN'S LEARNING, CREATIVITY, AND WELL-BEING.BOOKS AND READING MATERIALS: ETHIOPIA READS DISTRIBUTED LARGE NUMBERS OF CHILDREN'S BOOKS THROUGH SEVERAL CHANNELS IN 2025. IT DELIVERED 9,360 BILINGUAL STORYBOOKS TO 78 SCHOOLS IN 14 WOREDAS IN TIGRAY AS PART OF CONFLICT-RECOVERY PROGRAMMING, AND OVERALL DISTRIBUTED MORE THAN 23,800 IMPORTED, REPRINTED, LOCALLY PURCHASED, AND BRAILLE BOOKS TO SCHOOLS, LIBRARIES, AND OTHER INSTITUTIONS NATIONWIDE. ETHIOPIA READS ALSO LAUNCHED ETHIOPIA'S FIRST LARGE-SCALE LOCAL PUBLISHING OF BOARD BOOKS FOR VERY YOUNG CHILDREN, WITH 8 TITLES CREATED, 20,000 COPIES PLANNED AND MORE THAN 6,500 COMPLETED BY YEAR END.PROFESSIONAL DEVELOPMENT: ETHIOPIA READS CONTINUED TO STRENGTHEN THE SKILLS OF LIBRARIANS, TEACHERS, SCHOOL LEADERS, AND EDUCATION OFFICIALS THROUGH PROFESSIONAL DEVELOPMENT AND PEER-LEARNING ACTIVITIES. IN 2025, 174 EDUCATORS PARTICIPATED IN TRAINING AND RELATED CAPACITY-BUILDING PROGRAMS, INCLUDING LIBRARIAN DISCUSSION PLATFORMS, LITERACY-FOCUSED WORKSHOPS, AND TRAINING LINKED TO SCHOOL AND CONFLICT-RECOVERY INITIATIVES. THESE EFFORTS HELPED IMPROVE LIBRARY SERVICES, READING INSTRUCTION, AND THE USE OF BOOKS AND READ-ALOUD PRACTICES IN SCHOOLS AND COMMUNITIES.ADVOCACY AND FIELD BUILDING: IN APRIL 2025, ETHIOPIA READS CONVENED ITS 5TH ANNUAL NATIONAL CHILDREN'S READING SUMMIT, BRINGING TOGETHER MORE THAN 100 NATIONAL AND INTERNATIONAL PARTICIPANTS FROM GOVERNMENT, EDUCATION, CIVIL SOCIETY, AND DEVELOPMENT PARTNERS TO ADVANCE DIALOGUE ON EARLY LITERACY, PARENTAL INVOLVEMENT, AND CULTURALLY RESPONSIVE STORYTELLING. ETHIOPIA READS ALSO ORGANIZED MAJOR CHILDREN'S READING FESTIVALS IN HAWASSA AND DIRE DAWA, TOGETHER ENGAGING MORE THAN 2,500 PARTICIPANTS AND HELPING BUILD PUBLIC AWARENESS AND COMMUNITY SUPPORT FOR READING.

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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 $162,350
Program Service Revenue $858
Investment Income $4,772
Other Revenue $0
TOTAL REVENUE $167,980

Expense Breakdown

Grants Paid $97,073
Salaries & Benefits $30,249
Fundraising Expenses $2,697
Program Expenses $152,582
Other Expenses $38,669
TOTAL EXPENSES $165,991

Year-over-Year Comparison

2024 2023 Change
Revenue $167,980 $326,537 -0.5%
Expenses $165,991 $388,786 -0.6%
Net Income $1,989 $-62,249 -1.0%
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

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

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Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

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Governance

Voting Members
10
Independent Members
10
Employees
1
Volunteers
25

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
3
$27,430
Total Directors
10
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
SCOTT WOLF OPERATIONS MANAGER 20.00
Officer
$27,130 $300 $27,430
MALCOLM CLARK CHAIR 1.00
Officer Director
$0 $0 $0
ANN PORTER SECRETARY 1.00
Officer Director
$0 $0 $0
MATT ANDREA DIRECTOR 1.00
Director
$0 $0 $0
LILY ASSEGID DIRECTOR 1.00
Director
$0 $0 $0
LULIT BEZUAYEHU DIRECTOR 1.00
Director
$0 $0 $0
DR LAURIE CURTIS DIRECTOR 1.00
Director
$0 $0 $0
SEMRA SEIFU DIRECTOR 1.00
Director
$0 $0 $0
CAROL SETTGAST DIRECTOR 1.00
Director
$0 $0 $0
ELIZABETH TAYLOR DIRECTOR 1.00
Director
$0 $0 $0
TIDA VIOLANTE DIRECTOR 1.00
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 $167,980 $165,991 $300,851 $1,989
2024 $326,537 $388,786 $298,827 $-62,249
2023 $256,465 $208,712 $360,954 $47,753
2022 $312,408 $207,073 $317,589 $105,335
2021 $236,060 $194,900 $207,199 $41,160
2020 $250,203 $172,153 $171,849 $78,050
2019 $220,771 $209,707 $78,621 $11,064
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