Nonprofit · EIN 13-4091062
READ ALLIANCE INC
Also known as READ ALLIANCE
Tax-exempt · NEW YORK, NY 10038
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| August 31, 2025 | 990 | $4,400,976 | $4,788,613 | -$387,637 | $4,442,907 | $815,456 | $3,627,451 |
| August 31, 2024 | 990 | $5,005,986 | $4,351,566 | $654,420 | $4,960,211 | $973,760 | $3,986,451 |
| August 31, 2023 | 990 | $3,924,971 | $3,840,647 | $84,324 | $4,373,475 | $1,115,416 | $3,258,059 |
Financial details: 990 for the year ended August 31, 2025
Revenue
- Contributions, gifts and grants
- $3,941,002
- of which government grants
- $476,020
- Program service revenue
- $523,784
- Investment income
- $112,269
- Net income from fundraising events
- -$179,595
- Other revenue
- -$176,079
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $444,000
- Other salaries and wages
- $2,574,431
- Salaries, compensation and benefits (total)
- $3,531,411
- Professional fundraising fees
- $0
- Accounting fees
- $17,391
- Occupancy
- $204,195
- Travel
- $83,555
- Depreciation
- $15,659
- Program services (functional)
- $3,843,807
- Management and general (functional)
- $413,565
- Fundraising (functional)
- $531,241
Balance sheet and other
- Total assets, start of year
- $4,960,211
- Total assets, end of year
- $4,442,907
- Total liabilities, end of year
- $815,456
- Net assets, end of year
- $3,627,451
- Land, buildings and equipment
- $13,672
- Publicly traded securities
- $1,511,150
- Net assets without donor restrictions
- $2,709,951
- Net assets with donor restrictions
- $917,500
- Gross receipts
- $4,580,571
- Employees
- 955
- Volunteers
- 142
- Year formed
- 1999
- State of legal domicile
- NY
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended August 31, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| DANIELLE GUINDO | EXECUTIVE DIRECTOR Officer | 40 | $253,000 | $30,559 |
| YVETTE RUSSELL | CHIEF STRATEGY OFFIC Officer | 40 | $191,000 | $22,872 |
| MARCOS CLANDER | SNR DIRECTOR OF PROG Highest-paid employee | 40 | $120,750 | $8,560 |
| VALERIE BURGOS | DIRECTOR OF IMPLEMENTATION Highest-paid employee | 40 | $105,000 | $14,262 |
| PATRICIA MACLEAN | DIRECTOR OF DEVELOPM Highest-paid employee | 40 | $110,250 | $3,562 |
| MARK A HEMENETZ | CHAIR Trustee or director, Officer | 4 | $0 | $0 |
| ROBERT BROWN | VICE PRESIDENT Trustee or director, Officer | 2 | $0 | $0 |
| MICHAEL LUBOWITZ | SECRETARY Trustee or director, Officer | 2 | $0 | $0 |
| JASON TEETERS | TREASURER Trustee or director, Officer | 2 | $0 | $0 |
| DEBJANI BAGCHI THRU JUL 25 | DIRECTOR Trustee or director | 1 | $0 | $0 |
| ADAM BAXTER | DIRECTOR Trustee or director | 1 | $0 | $0 |
| MARCIA CANTARELLA | DIRECTOR Trustee or director | 1 | $0 | $0 |
| MARIANA DE LA VEGA THRU OCT 25 | DIRECTOR Trustee or director | 1 | $0 | $0 |
| KATE BROWN | DIRECTOR Trustee or director | 1 | $0 | $0 |
| DAVID FOSTER | DIRECTOR Trustee or director | 1 | $0 | $0 |
11 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| JENNA GOUDREAU | DIRECTOR Trustee or director | 1 | $0 |
| SAMUEL GRADESS | DIRECTOR Trustee or director | 1 | $0 |
| KATY KNIGHT | DIRECTOR Trustee or director | 1 | $0 |
| MARK MOORE | DIRECTOR Trustee or director | 1 | $0 |
| ZOE MOUNTROUKAS | DIRECTOR Trustee or director | 1 | $0 |
| CARIN MUHLBAUM STARTED JAN 25 | DIRECTOR Trustee or director | 1 | $0 |
| PETER NKONGHO | DIRECTOR Trustee or director | 1 | $0 |
| PATRICK RAMSEY | DIRECTOR Trustee or director | 1 | $0 |
| RICHARD ROBINSON | DIRECTOR Trustee or director | 1 | $0 |
| JULIE STERLING | DIRECTOR Trustee or director | 1 | $0 |
| CHRISTOPHER VOLPE | DIRECTOR Trustee or director | 1 | $0 |
990 for the year ended August 31, 2024: 24 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| DANIELLE GUINDO | EXECUTIVE DI Officer | 40 | $245,846 | $29,681 |
| YVETTE RUSSELL | CHIEF STRATE Officer | 40 | $190,673 | $23,682 |
| MARCOS CLANDER | SNR DIRECTOR Highest-paid employee | 40 | $115,442 | $8,789 |
| PATRICIA MACLEAN | DIRECTOR OF Highest-paid employee | 40 | $105,404 | $5,000 |
| MARK A HEMENETZ | CHAIR Trustee or director, Officer | 3.5 | $0 | $0 |
| ROBERT BROWN | VICE PRESIDE Trustee or director, Officer | 2 | $0 | $0 |
| MICHAEL LUBOWITZ | SECRETARY Trustee or director, Officer | 2 | $0 | $0 |
| JASON TEETERS | TREASURER Trustee or director, Officer | 2 | $0 | $0 |
| DEBJANI BAGCHI | DIRECTOR Trustee or director | 1 | $0 | $0 |
| ADAM BAXTER | DIRECTOR Trustee or director | 1 | $0 | $0 |
| MARCIA CANTARELLA | DIRECTOR Trustee or director | 1 | $0 | $0 |
| MARIANA DE LA VEGA | DIRECTOR Trustee or director | 1 | $0 | $0 |
| KATE BROWN | DIRECTOR Trustee or director | 1 | $0 | $0 |
| DAVID FOSTER | DIRECTOR Trustee or director | 1 | $0 | $0 |
| JENNA GOUDREAU | DIRECTOR Trustee or director | 1 | $0 | $0 |
| SAMUEL GRADESS | DIRECTOR Trustee or director | 1 | $0 | $0 |
| KATY KNIGHT | DIRECTOR Trustee or director | 1 | $0 | $0 |
| MARK MOORE | DIRECTOR Trustee or director | 1 | $0 | $0 |
| ZOE MOUNTROUKAS | DIRECTOR Trustee or director | 1 | $0 | $0 |
| PETER NKONGHO | DIRECTOR Trustee or director | 1 | $0 | $0 |
| PATRICK RAMSEY | DIRECTOR Trustee or director | 1 | $0 | $0 |
| RICHARD ROBINSON | DIRECTOR Trustee or director | 1 | $0 | $0 |
| JULIE STERLING | DIRECTOR Trustee or director | 1 | $0 | $0 |
| CHRISTOPHER VOLPE | DIRECTOR Trustee or director | 1 | $0 | $0 |
990 for the year ended August 31, 2023: 24 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| DANIELLE GUINDO | EXECUTIVE DI Officer | 40 | $220,789 | $24,263 |
| YVETTE RUSSELL | CHIEF STRATE Officer | 40 | $166,615 | $18,803 |
| MARCOS CLANDER | SNR DIRECTOR Highest-paid employee | 40 | $108,310 | $10,235 |
| MARK A HEMENETZ | CHAIR Trustee or director, Officer | 3.5 | $0 | $0 |
| ROBERT BROWN | VICE PRESIDE Trustee or director, Officer | 2 | $0 | $0 |
| MICHAEL LUBOWITZ | SECRETARY Trustee or director, Officer | 2 | $0 | $0 |
| JASON TEETERS | TREASURER Trustee or director, Officer | 2 | $0 | $0 |
| DEBJANI BAGCHI | DIRECTOR Trustee or director | 1 | $0 | $0 |
| ADAM BAXTER | DIRECTOR Trustee or director | 1 | $0 | $0 |
| MARCIA CANTARELLA | DIRECTOR Trustee or director | 1 | $0 | $0 |
| MARIANA DE LA VEGA | DIRECTOR Trustee or director | 1 | $0 | $0 |
| ERIC FARINA | DIRECTOR Trustee or director | 1 | $0 | $0 |
| DAVID FOSTER | DIRECTOR Trustee or director | 1 | $0 | $0 |
| JENNA GOUDREAU | DIRECTOR Trustee or director | 1 | $0 | $0 |
| SAMUEL GRADESS | DIRECTOR Trustee or director | 1 | $0 | $0 |
| KATY KNIGHT | DIRECTOR Trustee or director | 1 | $0 | $0 |
| MARK MOORE | DIRECTOR Trustee or director | 1 | $0 | $0 |
| ZOE MOUNTROUKAS | DIRECTOR Trustee or director | 1 | $0 | $0 |
| PETER NKONGHO | DIRECTOR Trustee or director | 1 | $0 | $0 |
| PATRICK RAMSEY | DIRECTOR Trustee or director | 1 | $0 | $0 |
| RICHARD ROBINSON | DIRECTOR Trustee or director | 1 | $0 | $0 |
| SINDY SAGASTUME | DIRECTOR Trustee or director | 1 | $0 | $0 |
| JULIE STERLING | DIRECTOR Trustee or director | 1 | $0 | $0 |
| CHRISTOPHER VOLPE | DIRECTOR Trustee or director | 1 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 160 BROADWAY 8TH FL E BLDG, NEW YORK, NY 10038-4230
- In care of
- % DANIELLE GUINDO
- Principal officer (990 for 2024)
- DANIELLE GUINDO, 160 BROADWAY 8TH FL EAST BUILDING, NEW YORK, NY 10038
- Signed the 990
- DANIELLE GUINDO, EXECUIVE OFFICER
- Phone
- (646) 867-6101
- Website
- WWW.READALLIANCE.ORG
- Return prepared by
- LIPSKY GOODKIN & CO PC
Mission
READ ALLIANCE, INC (READ ALLIANCE) WORKS TO ACCELERATE THE EDUCATIONAL TRAJECTORY OF EARLY ELEMENTARY STUDENTS THROUGH THE POWER OF TEENS WHO PROVIDE ONE-TO-ONE LITERACY TUTORING IN UNDER-RESOURCED COMMUNITIES. READ IMPACTS TWO POPULATIONS SIMULTANEOUSLY, AND THROUGH A HIGHLY STRUCTURED, RESEARCH-BASED CURRICULUM, STUDENTS AVERAGE A FULL YEAR'S GROWTH IN READING AND THEIR TEEN TUTORS DEVELOP COLLEGE, CAREER, AND LIFE SKILLS. EARLY INTERVENTION PREVENTS READING DIFFICULTIES FROM BECOMING BARRIERS TO FUTURE SUCCESS, WHILE TEENS HAVE A POSITIVE DIRECT IMPACT ON THE LIVES OF CHILDREN IN THEIR COMMUNITIES THROUGH MEANINGFUL SERVICE AND JOBS.
Program accomplishments
- TEEN LEADERSHIP PROGRAM- TEEN LEADERS ARE ENGAGED IN MEANINGFUL AFTER SCHOOL EMPLOYMENT FOR 90 MINUTES A DAY, FOR A MINIMUM OF THREE DAYS A WEEK, AT A NEARBY ELEMENTARY SCHOOL, EARNING AN AVERAGE OF BETWEEN $600-$1,000 OVER 45 SESSIONS. TEEN LEADERS ARE NOT ONLY TRAINED TO DELIVER THE RESEARCH-BASED READING CURRICULUM ONE-ON-ONE TO YOUNG CHILDREN, BUT THEY ARE ALSO TRAINED IN BEHAVIOR MANAGEMENT AND DATA COLLECTION THAT IS CRUCIAL TO PROGRAM IMPLEMENTATION, REFLECTION AND ANALYSIS. TEEN LEADERS HAVE THE OPPORTUNITY TO ADVANCE TO SENIOR TEEN LEADER, A POSITION WITH ADDITIONAL RESPONSIBILITY PROVIDING SUPPORT AND GUIDANCE FOR THE TEEN LEADERS, PEER TO PEER DEVELOPMENT, AND SUPERVISION. AS PART OF THE TEEN LEADERSHIP PROGRAM READ ALLIANCE OFFERS COMPLEMENTARY PROGRAMMING FOR TEEN LEADERS THAT PROMOTES THEIR POSTSECONDARY SUCCESS INCLUDING FINANCIAL LITERACY TRAINING, LEADERSHIP DEVELOPMENT, NETWORKING AND CAREER EXPOSURE, COLLEGE READINESS, AND SOCIAL AND EMOTIONAL LEARNING. READ ALLIANCE LAUNCHED A PATHWAYS TO EDUCATION INITIATIVE IN FY 23 TO SUPPORT TEEN LEADERS' PURSUIT OF HIGHER EDUCATION AND TO CREATE A PIPELINE TO TEACHING CAREERS. IN AN EFFORT TO SUPPORT EXPANSION, READ ADDED THE ROLE OF SUMMER ENRICHMENT PROGRAM ASSISTANT DURING THE SUMMER OF FY22 SPECIFICALLY FOR EXPERIENCED TEEN LEADERS WHO WERE HOME FROM COLLEGE TO PROVIDE OVERSIGHT AND SUPPORT TO PROGRAM SITES IF A PROGRAM MANAGER WAS UNABLE TO BE THERE IN PERSON EVERY DAY.Expenses $1,745,577
- EARLY LITERACY PROGRAM- READ ALLIANCE'S UNIQUE EARLY LITERACY PROGRAM IS 45 SESSIONS, AND PROVIDES 90 MINUTES OF PROGRAMMING PER DAY IN TWO PARTS: 1) A 45-MINUTE SESSION OF ONE-TO-ONE, INDIVIDUALIZED LITERACY INTERVENTION USING A STRUCTURED, PHONICS-BASED CURRICULUM DELIVERED TO THE YOUNGER READ ALLIANCE STUDENTS BY PAID READ ALLIANCE TEEN LEADERS, AND 2) A 45-MINUTE GROUP WORK SESSION LED BY A READ TEACHER, EITHER HOMEWORK HELP OR COMPLEMENTARY LITERACY ACTIVITIES. DURING THE ONE-TO-ONE TUTORING SESSION, STUDENTS READ OUT LOUD TO THEIR TEEN LEADERS A BOOK THEY HAVE ALREADY MASTERED, AND THEN THE TEEN LEADER PROVIDES EXPLICIT ONE-TO-ONE READING INSTRUCTION AND PRACTICE. AT THE END OF EACH SESSION, STUDENTS ARE GIVEN A BOOK FROM OUR LENDING LIBRARY FOR CONTINUED PRACTICE AT HOME. READ ALLIANCE TARGETS ITS EARLY LITERACY PROGRAM TO KINDERGARTEN, FIRST AND SECOND GRADERS WHO ARE READING AT LEAST HALF A GRADE LEVEL BEHIND. THE INDIVIDUALIZED, PHONICS- BASED INSTRUCTION USES A STRUCTURED CURRICULUM TO ADVANCE READING SKILL IMPROVEMENT OF AN AVERAGE OF AT LEAST ONE READING LEVEL IN JUST 30 SESSIONS. MORE THAN 85 PERCENT OF PARTICIPANTS WHO COMPLETE THE READ ALLIANCE PROGRAM ADVANCE THEIR READING SKILL IMPROVEMENT AN AVERAGE OF AT LEAST ONE READING LEVEL. IN FY24 READ ALLIANCE SERVED 1,256 UNDUPLICATED READERS IN 1,560 SEATS, AND EMPLOYED 1,046 UNDUPLICATED TEEN LEADERS IN 1,373 POSITIONS IN 3 STATES.Expenses $2,098,230
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in August, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | August 31, 2026 | January 15, 2027 | Not due yet |
| 2024 | August 31, 2025 | January 15, 2026 | 990 on file |
| 2023 | August 31, 2024 | January 15, 2025 | 990 on file |
IRS record
- EIN
- 13-4091062
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (170(b)(1)(A)(vi))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 2000
- Accounting year ends
- August
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Education (B920)
- Assets (IRS master file)
- $4,442,907
- Income (IRS master file)
- $4,580,571
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | August 2025 | $4,400,976 | $4,788,613 | $4,442,907 | XML |
| 990 | August 2024 | $5,005,986 | $4,351,566 | $4,960,211 | XML |
| 990 | August 2023 | $3,924,971 | $3,840,647 | $4,373,475 | XML |
| 990 | August 2022 | $3,674,607 | $2,743,438 | $3,368,825 | IRS |
| 990 | August 2021 | – | – | – | IRS |
| 990 | August 2020 | – | – | – | IRS |
| 990 | August 2018 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 13-4091062).
Questions about READ ALLIANCE INC
- What is the EIN of READ ALLIANCE INC?
- The employer identification number (EIN) of READ ALLIANCE INC is 13-4091062.
- Is READ ALLIANCE INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2000.
- Are donations to READ ALLIANCE INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does READ ALLIANCE INC file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of READ ALLIANCE INC due?
- The return for tax year 2025 (the year ending August 31, 2026) is due January 15, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did READ ALLIANCE INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended August 2025.
- Who is the principal officer of READ ALLIANCE INC?
- The 990 for the year ended August 31, 2025 names DANIELLE GUINDO.
- Who are the officers and directors of READ ALLIANCE INC?
- The 990 for the year ended August 31, 2025 lists 26 people; 5 received compensation from the organization, the highest $253,000 (DANIELLE GUINDO, EXECUTIVE DIRECTOR).
- How much revenue does READ ALLIANCE INC have?
- On its 990 for the year ended August 31, 2025 it reported revenue of $4,400,976, expenses of $4,788,613 and total assets of $4,442,907 at year end.
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