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READING POWER INC

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Public IRS 990 nonprofit record

READING POWER INC

EIN 20-2916846 · Youth Development Programs (O50)

What they do

READING POWER, INC is A NOT for PROFIT LITERACY TUTORING PROGRAM SERVING LOW-ACHIEVING CHILDREN ATTENDING ELEMENTARY SCHOOLS. THEIR MISSION is to ACCELERATE CHILDRENS LITERACY LEARNING and to DEVELOP IN THEM A LOVE of READING and WRITING. THIS GOAL is ACCOMPLISHED THROUGH AN INDEPENDENT TUTORING PROGRAM WORKING IN PARTNERSHIP WITH THE SCHOOLS. THE BELIEF is THAT ALL CHILDREN DESERVE to REACH THEIR ACADEMIC POTENTIAL.

Before you give

Should I give to this charity?

Easy charity check
Look at where the money went

Of every $100 spent, about $72.70 was reported for mission work. Use the spending picture below and ask what results that work produced.

Plain answer: A tax form cannot prove that a charity is doing good. It can show how the charity says it spent its money—and point out questions you should ask.

Basic facts we verified

IRS warning checkNo IRS revocation warning appears in this data.

Money report from 2024The charity has a recent tax report to read.

They explain their jobThe charity tells us what it is trying to do.

They name their leaders21 people are listed in the latest report.

You can reach themThey list contact information, so you can ask questions.

Money made simple

80.16%of revenue went to mission work72.7% of expenses · Program services
17.64%of revenue went to fundraising16.0% of expenses
$110.30spent for every $100 of revenueSpending was higher than revenue this year.
12.50%of revenue went to management and office costs11.3% of expenses
$0.66in assets for every $1 spent this yearSome assets cannot be spent right away.
83.2%of its money came from giftsOther money may come from services or investments.

Ask these three easy questions

  1. Who did you help? Ask for a recent story or report that shows real results.
  2. What will my money do? Ask exactly what your gift will pay for.
  3. Is this really the charity? Give only through its official website or confirmed phone number.

Worth asking: Expenses exceeded revenue by $172,592 this year. Ask whether that was planned or caused by a one-time event.

Pay context: The highest compensation shown in this filing is $158,451 for LISA BULZONI (CEO). Compare pay with organizations of similar size and complexity.

Bottom line: Do not decide from a name, mission statement, or tax status alone. Look at where the money went, then ask what changed, who was helped, and what your gift will do. YouCanGiveBack does not endorse or grade organizations.

Money

Financial picture

Tax year 2024

A plain-language look at the latest Form 990 figures available. These numbers help you ask better questions; they do not, by themselves, rate whether a charity is good or bad.

How each $100 of revenue was used

The large number compares each expense with revenue. The smaller number shows its share of total expenses.

Total reported revenue$1,676,149
Mission workProgram services$1,343,61180.16% of revenue72.7% of expenses
ManagementOffice and general costs$209,44612.50% of revenue11.3% of expenses
FundraisingAsking for donations$295,68417.64% of revenue16.0% of expenses
Total expenses$1,848,741110.30% of revenue

Expenses were greater than revenue, so the colored ring fills the available $100 and the total above 100% is shown below.

Has the pattern changed?

Colored bars = expense mix: how each year’s expenses were divided. Total expenses vs. revenue shows whether the charity spent less or more than it received. The current filing is first.

YearExpense mixDetails
2024CurrentExpense mix: 72.7% mission · 11.3% management · 16.0% fundraisingTotal expenses: 110.30% of revenue
2023Expense mix: 70.4% mission · 9.6% management · 20.0% fundraisingTotal expenses: 83.30% of revenue
2022Expense mix: 70.4% mission · 10.0% management · 19.6% fundraisingTotal expenses: 112.32% of revenue
2021Expense mix: 80.8% mission · 3.0% management · 16.2% fundraisingTotal expenses: 98.95% of revenue
2020Expense mix: 89.7% mission · 3.2% management · 7.1% fundraisingTotal expenses: 87.67% of revenue
2019Expense mix: 82.6% mission · 6.0% management · 11.4% fundraisingTotal expenses: 99.20% of revenue
2018Expense mix: 82.4% mission · 1.9% management · 15.7% fundraisingTotal expenses: 71.49% of revenue
2017Expense mix: 77.7% mission · 1.9% management · 20.4% fundraisingTotal expenses: 78.27% of revenue

Money in and money out

Revenue$1,676,149
Expenses$1,848,741
Annual shortfall $172,592 Expenses were higher than revenue for this filing year.

Reported spending amounts

Mission work means the Form 990 category called program services. These are reported accounting categories—not an independent measurement of results.

Mission work (program services)$1,343,611 · 72.7% of expenses
Management and office costs$209,446 · 11.3% of expenses
Fundraising$295,684 · 16.0% of expenses
See all reported dollar amounts
Revenue$1,676,149
Expenses$1,848,741
Assets$1,213,854
Income$1,761,995
Contributions$1,394,736
Mission work (program services)$1,343,611
Fundraising$295,684
Management and general$209,446
Executive compensation (total)$101,460
Accounting fees$85,530
People

Leadership and board

Tax year 2024

Names, titles, time, and compensation below are reported by the organization on its Form 990.

People reported as paid

Person and titleCompensation
LISA BULZONICEO · 50 hrs/week $158,451

Compensation alone does not tell whether pay is reasonable. Consider the charity’s size, work, location, and results.

See everyone listed on the board or leadership roster (21)

LISA BULZONICEO

KEITH WRIGHTDIRECTOR

TODD LITZSINGERDIRECTOR

SARA POTICHAVICE CHAIRMA

RACHEL BLANDDIRECTOR

PRATIK PATELDIRECTOR

PETER TINGDIRECTOR

MICHAEL GOLDDIRECTOR

MARY JANE HENDERDIRECTOR

MARY WEBERDIRECTOR

MAGGIE WEHMERDIRECTOR

ANN BATESSECRETARY

KATHY MCFARLANDCHARIMAN

KATHLEEN COWIEDIRECTOR

JUSTIN SCHIFFMANDIRECTOR

JONATHAN MCGEEDIRECTOR

JOANIE ALLEYDIRECTOR

GRAHAM BAYLYDIRECTOR

BONNIE SHLENSKYDIRECTOR

BETSY MATTHEWSDIRECTOR

ARTHUR TURNERDIRECTOR

About this charity

Recognized since
January 2005
Location
736 N WESTERN AVE SUITE 226, LAKE FOREST, IL 60045-1820
County
Lake
In care of
% KATHRYN MCFARLAND CHAIRMAN
Primary officer
LISA BULZONI, CEO

How to reach them

WebsiteVisit the charity’s website Phone(847) 436-8060

Filing and classification

Latest tax year
2024
Tax period began
July 1, 2024
Return type
990
Tax preparer
LAUTERBACH & AMEN LLP
NTEE classification
Youth Development Programs (O50)
IRS tax category
Youth Development Programs

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About this report: Information comes from public nonprofit records and may show the latest filing available.

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