2024-11-04T09:29:18-05:00 2023-06-30 844233121 SHARPE PATEL CPA 325 ARLINGTON AVE STE 630 CHARLOTTE NC 28203 990 2022-07-01 203246207 READ AND FEED READ 171-10 HIGH HOUSE ROAD CARY NC 27511 SHERRY OVERTON SHUDRA EXECUTIVE DIRECTOR 2024-10-31 true true MEGAN A RIDGLEY CPA P01317611 7044993893 2024-10-31 2022 2024-10-15 13:58:12Z SHERRY OVERTON SHUDRA 628125 false X HTTP://READANDFEED.ORG X 2005 NC OUR MISSION IS TO STRENGTHEN LITERACY SKILLS AMONG UNDERSERVED ELEMENTARY SCHOOL CHILDREN, AND PROVIDE MEALS IN A NURTURING NEIGHBORHOOD ENVIRONMENT. 15 15 7 393 0 1083253 618803 0 386 9317 38 5 1083677 628125 357 0 0 264042 264061 0 21547 212051 204678 476450 468739 607227 159386 1230030 989360 13452 53395 1216578 935965 X OUR MISSION IS TO STRENGTHEN LITERACY SKILLS AMONG UNDERSERVED ELEMENTARY SCHOOL CHILDREN, AND PROVIDE MEALS IN A NURTURING NEIGHBORHOOD ENVIRONMENT. false false 352093 WITH THREE MOBILE CLASSROOMS AND DOZENS OF PARTNERSHIPS WITH WCPSS, OTHER NONPROFIT AND COMMUNITY ORGANIZATIONS, READ AND FEED PROVIDED HIGH IMPACT TUTORING FOR 355 CHILDREN DURING THE ACADEMIC YEAR AND 1,188 STUDENTS WITH LARGE SCALE BOOK DISTRIBUTIONS ACROSS SUMMER SITES TO HELP REDUCE SUMMER LEARNING LOSS. THE ORGANIZATION PROVIDED NUTRITIOUS MEALS AND HEALTHY SNACKS, READING TUTORING AND AGE APPROPRIATE BOOKS AT NO CHARGE TO ALL OF THE CHILDREN ATTENDING THE PROGRAM. THERE WERE 23,391 BOOKS DISTRIBUTED THROUGH OUR PROGRAM, HELPING TO BUILD HOME LIBRARIES FOR MANY CHILDREN. OUR VOLUNTEERS DEVOTED 6,095 HOURS TUTORING STUDENTS AT 24 PROGRAM SITES. READ AND FEED ALSO HAD 516 TUTORING SESSIONS CONDUCTED FOR 4,918 HOURS INSTRUCTION, 358 SCHOOL SUPPLY BAGS ISSUED, 8,875 MEALS DISTRIBUTED, AND 8,340 HEALTHY SNACKS CONSUMED BY STUDENTS ATTENDING TUTORING SESSIONS. 352093 true true false false false false false false false false true false false false true false false false false false false false false false false false false false false false false false false false false false false false true false false false false false false false false true 3 0 true 7 true false false false false false false false false false false false false false false X 15 15 false false false false false false false true true false false true true true true true true true false false X SHERRY OVERTON SHUDRA 9194639744 171-10 HGIH HOUSE ROAD CARY NC 27511 X CARMITA BASS DIRECTOR 1.00 X 0 0 0 LEIGH DAY DIRECTOR 1.00 X 0 0 0 NIA DOAKS DIRECTOR 1.00 X 0 0 0 JAN FRANTZ DIRECTOR 1.00 X 0 0 0 ANTWINE JACKSON DIRECTOR 1.00 X 0 0 0 CHRISTOPHER MEREDITH 1ST VICE PRE 2.00 X X 0 0 0 MATT MERLETTI 2ND VICE PRE 2.00 X X 0 0 0 RON OTTAVIO SECRETARY 2.00 X X 0 0 0 KATHRYN RAYMOND PRESIDENT 2.00 X X 0 0 0 MARY JANE ROYALS DIRECTOR 1.00 X 0 0 0 BEN SWANEY DIRECTOR 1.00 X 0 0 0 NIYA FINVILLE SWINT DIRECTOR 1.00 X 0 0 0 JUAN CARLOS VILLALOBOS DIRECTOR 1.00 X 0 0 0 AUSTIN YARBER DIRECTOR 1.00 X 0 0 0 WILSON ZHANG TREASURER 2.00 X X 0 0 0 1 false false false 618803 30522 618803 9317 9317 MISCELLANEOUS 900099 5 5 5 628125 5 9317 125803 106933 10064 8806 102766 90434 9249 3083 16905 14877 1521 507 18587 16356 1673 558 13159 13159 340 340 2378 128 2250 9108 2187 6173 748 14424 5012 5224 4188 8298 56 8232 10 3322 3021 301 2937 228 2709 1895 1895 12007 12007 10205 4055 6150 BOOKS AND INCENTIVES 66824 66032 506 286 MEALS 27200 27200 AMORTIZATION EXPENSE 23801 23801 REPAIRS & MAINTENANCE 6300 3695 2605 2480 1369 1111 468739 352093 95099 21547 285048 407649 335180 383634 520420 72691 1602 1531 60000 60000 6098 6578 162115 152440 21682 9675 47602 1230030 989360 13452 4365 49030 13452 53395 X 1216578 896499 39466 1216578 935965 1230030 989360 159386 -439999 X false true X false X 152051 476287 522445 643252 618803 2412838 152051 476287 522445 643252 618803 2412838 281465 2131373 1508 2563 150 386 9317 13924 2426762 126426 0.87830 0.86770 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 150300 140625 9675 11815 11815 9675 LEASE LIABILITY 49030 49030 X 26712 FAIR VALUE X 1 3810 FAIR VALUE false false false FORM 990, PAGE 2, PART III, LINE 4A WITH THREE MOBILE CLASSROOMS AND DOZENS OF PARTNERSHIPS WITH WCPSS, OTHER NONPROFIT AND COMMUNITY ORGANIZATIONS, READ AND FEED PROVIDED HIGH IMPACT TUTORING FOR 355 CHILDREN DURING THE ACADEMIC YEAR AND 1,188 STUDENTS WITH LARGE SCALE BOOK DISTRIBUTIONS ACROSS SUMMER SITES TO HELP REDUCE SUMMER LEARNING LOSS. THE ORGANIZATION PROVIDED NUTRITIOUS MEALS AND HEALTHY SNACKS, READING TUTORING AND AGE APPROPRIATE BOOKS AT NO CHARGE TO ALL OF THE CHILDREN ATTENDING THE PROGRAM. THERE WERE 23,391 BOOKS DISTRIBUTED THROUGH OUR PROGRAM, HELPING TO BUILD HOME LIBRARIES FOR MANY CHILDREN. OUR VOLUNTEERS DEVOTED 6,095 HOURS TUTORING STUDENTS AT 24 PROGRAM SITES. READ AND FEED ALSO HAD 516 TUTORING SESSIONS CONDUCTED FOR 4,918 HOURS INSTRUCTION, 358 SCHOOL SUPPLY BAGS ISSUED, 8,875 MEALS DISTRIBUTED, AND 8,340 HEALTHY SNACKS CONSUMED BY STUDENTS ATTENDING TUTORING SESSIONS. FORM 990, PAGE 6, PART VI, LINE 11B THE TREASURER, IN CONJUNCTION WITH THE FINANCE COMMITTEE, WILL PROVIDE REVIEW AND OVERSIGHT RESPONSIBILITIES OF THE IRS FORM 990 PREPARED BY THE ORGANIZATIONS EXTERNAL TAX PREPARER. THE FINANCE COMMITTEE IS RESPONSIBLE FOR VERIFYING THE FORM 990 FOR ACCURACY AND COMPLETENESS BEFORE SUBMISSION OF THE FILING. UPON APPROVAL OF THE IRS FORM 990 BY THE FINANCE COMMITTEE, THE EXECUTIVE DIRECTOR WILL SIGN THE FORM 990. A COPY OF THE FORM 990 WILL BE DISTRIBUTED TO THE BOARD PRIOR TO FILING. THE ORIGINAL SIGNED COPY OF THE FORM 990 WILL BE FILED WITH THE IRS ONCE APPROVED AND DISTRIBUTION TO THE BOARD HAS OCCURRED. FORM 990, PAGE 6, PART VI, LINE 12C THE CONFLICT OF INTEREST POLICY IS MONITORED BY THE BOARD SECRETARY AND REVIEWED AND SIGNED AT THE BEGINNING OF EACH FISCAL YEAR BY ALL STAFF AND BOARD MEMBERS WITH SIGNIFICANT DECISIONMAKING AUTHORITY. IT IS EACH SIGNATORS OBLIGATION TO DISCLOSE ANY POTENTIAL CONFLICT AS SOON AS IT IS KNOWN, OR REASONABLY SHOULD BE KNOWN. FORM 990, PAGE 6, PART VI, LINE 15A THE EXECUTIVE DIRECTORS SALARY LEVEL WAS INDEPENDENTLY REVIEWED BY THE BOARD OF DIRECTORS TO ENSURE IT DOES NOT EXCEED COMPARABLE LEVELS OF COMPENSATION FOR NONPROFIT DIRECTORS IN THIS REGION OF THE COUNTRY. SALARY DATA FOR EXECUTIVES OF ORGANIZATIONS OF A SIMILAR SIZE AND MISSION WERE EXAMINED IN DEVELOPING A COMPENSATION PACKAGE THAT WAS RECOMMENDED AND APPROVED BY THE BOARD OF DIRECTORS, AND DOCUMENTED IN THE MEETING MINUTES. FORM 990, PAGE 6, PART VI, LINE 19 THE THREE MOST RECENT FORM 990S (INCLUDING FINANCIAL INFORMATION), THE BYLAWS, ARTICLES OF INCORPORATION, FORM 1023 APPLICATION FOR EXEMPTION, AND CONFLICT OF INTEREST POLICY ARE PROVIDED TO THE PUBLIC UPON REQUEST. WE REQUEST NON-ASSERTION OF ALL LATE FILING PENALTIES AS THE LATE FILING WAS UNINTENTIONAL AND IN NO WAY DUE TO WILLFUL NEGLECT. THE ORGANIZATIONS FORMER CPA EXPERIENCED HEALTH ISSUES WHICH LED TO PROBLEMS IN COMMUNICATION. THE UNRESPONSIVENESS CAUSE THE AUDIT AND RETURN PREPARATION TO BE SEVERLY DELATED. THIS FORCED THE ORGANIZATION TO HIRE A NEW CPA FIRM WHICH PUT THE 990 PREPARATION EVEN FURTHER BEHIND. HOWEVER, THE 990 WAS PREPARED AND FILED AS SOON AS POSSIBLE ONCE THE SITUATION WAS RESOLVED. NORMAL BUSINESS CARE AND PRUDENCE HAS BEEN TAKEN TO COMPLY WITH ALL OTHER FILING REQUIREMENTS. THE ORGANIZATION HAS A GOOD FILING HISTORY, AND THIS OCCURRENCE IS NOT NORMAL PRACTICE. PROCEDURES ARE IN PLACE TO BE SURE THIS SITUATION WILL BE AVOIDED GOING FORWARD. READ AND FEED IS A NON-PROFIT ORGANIZATION THAT WORKS TO STRENGTHEN LITERACY SKILLS OF UNDER-SERVED ELEMENTARY SCHOOL CHILDREN AND PROVIDE MEALS IN A NURTURING NEIGHBORHOOD ENVIRONMENT. CONSIDERING THIS, A PENALTY WOULD TAKE AWAY FRO