Nonprofit · EIN 20-2916846
READING POWER INC
Tax-exempt · LAKE FOREST, IL 60045
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2025 | 990 | $1,676,149 | $1,848,741 | -$172,592 | $1,213,854 | $324,585 | $889,269 |
| June 30, 2024 | 990 (amended) | $1,917,784 | $1,597,424 | $320,360 | $1,359,797 | $313,063 | $1,046,734 |
| June 30, 2023 | 990 (amended) | $1,242,929 | $1,396,059 | -$153,130 | $1,182,434 | $404,941 | $777,493 |
Financial details: 990 for the year ended June 30, 2025
Revenue
- Contributions, gifts and grants
- $1,394,736
- Program service revenue
- $0
- Investment income
- $554
- Net income from fundraising events
- $280,859
- Other revenue
- $280,859
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $158,451
- Other salaries and wages
- $1,226,411
- Salaries, compensation and benefits (total)
- $1,536,816
- Professional fundraising fees
- $0
- Accounting fees
- $85,530
- Travel
- $491
- Depreciation
- $58,722
- Program services (functional)
- $1,343,611
- Management and general (functional)
- $209,446
- Fundraising (functional)
- $295,684
Balance sheet and other
- Total assets, start of year
- $1,359,797
- Total assets, end of year
- $1,213,854
- Total liabilities, end of year
- $324,585
- Net assets, end of year
- $889,269
- Land, buildings and equipment
- $7,421
- Net assets without donor restrictions
- $889,269
- Gross receipts
- $1,761,995
- Employees
- 41
- Volunteers
- 823
- Year formed
- 2005
- State of legal domicile
- IL
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 June 30, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| LISA BULZONI | CEO Officer | 50 | $158,451 |
| JOANIE ALLEY | DIRECTOR Trustee or director | – | $0 |
| ANN BATES | SECRETARY Trustee or director, Officer | – | $0 |
| GRAHAM BAYLY | DIRECTOR Trustee or director | – | $0 |
| RACHEL BLAND | DIRECTOR Trustee or director | – | $0 |
| KATHLEEN COWIE | DIRECTOR Trustee or director | – | $0 |
| MICHAEL GOLD | DIRECTOR Trustee or director | – | $0 |
| MARY JANE HENDER | DIRECTOR Trustee or director | – | $0 |
| TODD LITZSINGER | DIRECTOR Trustee or director | – | $0 |
| BETSY MATTHEWS | DIRECTOR Trustee or director | – | $0 |
| KATHY MCFARLAND | CHARIMAN Trustee or director, Officer | – | $0 |
| JONATHAN MCGEE | DIRECTOR Trustee or director | – | $0 |
| PRATIK PATEL | DIRECTOR Trustee or director | – | $0 |
| SARA POTICHA | VICE CHAIRMA Trustee or director, Officer | – | $0 |
| JUSTIN SCHIFFMAN | DIRECTOR Trustee or director | – | $0 |
6 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| BONNIE SHLENSKY | DIRECTOR Trustee or director | – | $0 |
| PETER TING | DIRECTOR Trustee or director | – | $0 |
| ARTHUR TURNER | DIRECTOR Trustee or director | – | $0 |
| MARY WEBER | DIRECTOR Trustee or director | – | $0 |
| MAGGIE WEHMER | DIRECTOR Trustee or director | – | $0 |
| KEITH WRIGHT | DIRECTOR Trustee or director | – | $0 |
990 for the year ended June 30, 2024: 21 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| JOANIE ALLEY | DIRECTOR Trustee or director | 1 | $0 |
| ANN BATES | SECRETARY Trustee or director, Officer | 1 | $0 |
| RACHEL BLAND | DIRECTOR Trustee or director | 1 | $0 |
| KATHLEEN COWIE | VICE CHAIR Trustee or director, Officer | 1 | $0 |
| ROB DAVIS | DIRECTOR Trustee or director | 1 | $0 |
| MICHAEL GOLD | DIRECTOR Trustee or director | 1 | $0 |
| MARY JANE HENDER | DIRECTOR Trustee or director | 1 | $0 |
| TODD LITZSINGER | DIRECTOR Trustee or director | 1 | $0 |
| RAHUL MALHOTRA | DIRECTOR Trustee or director | 1 | $0 |
| KATHY MCFARLAND | CHARIMAN Trustee or director, Officer | 1 | $0 |
| JONATHAN MCGEE | DIRECTOR Trustee or director | 1 | $0 |
| MELINDA MOONEY | DIRECTOR Trustee or director | 1 | $0 |
| PRATIK PATEL | DIRECTOR Trustee or director | 1 | $0 |
| SARA POTICHA | DIRECTOR Trustee or director | 1 | $0 |
| JACALYN RAMDIN-JOHNSON | DIRECTOR Trustee or director | 1 | $0 |
| BEVERLY RAUDABAUGH | DIRECTOR Trustee or director | 1 | $0 |
| FRANK SIBLEY | DIRECTOR Trustee or director | 1 | $0 |
| PETER TING | DIRECTOR Trustee or director | 1 | $0 |
| ARTHUR TURNER | DIRECTOR Trustee or director | 1 | $0 |
| MARY WEBER | DIRECTOR Trustee or director | 1 | $0 |
| JIM YOUNG | TREASURER Trustee or director, Officer | 1 | $0 |
990 for the year ended June 30, 2023: 18 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| JOANIE ALLEY | DIRECTOR Trustee or director | – | $0 |
| ANN BATES | DIRECTOR Trustee or director | – | $0 |
| KATHLEEN COWIE | SECRETARY Trustee or director, Officer | – | $0 |
| JOHN DAVIDSON | DIRECTOR Trustee or director | – | $0 |
| ROB DAVIS | DIRECTOR Trustee or director | – | $0 |
| MARY JANE HENDER | DIRECTOR Trustee or director | – | $0 |
| TODD LITZSINGER | DIRECTOR Trustee or director | – | $0 |
| MARRA LOCHIATTO | VICE CHAIRMA Trustee or director, Officer | – | $0 |
| RAHUL MALHOTRA | DIRECTOR Trustee or director | – | $0 |
| KATHY MCFARLAND | CHAIRMAN Trustee or director, Officer | – | $0 |
| MELINDA MOONEY | DIRECTOR Trustee or director | – | $0 |
| JACALYN RAMDIN-JOHNSON | DIRECTOR Trustee or director | – | $0 |
| BEVERKY RAUDABAUGH | DIRECTOR Trustee or director | – | $0 |
| FRANK SIBLEY | DIRECTOR Trustee or director | – | $0 |
| ARTHUR TURNER | DIRECTOR Trustee or director | – | $0 |
| MARY WEBER | DIRECTOR Trustee or director | – | $0 |
| TOM WOOD | DIRECTOR Trustee or director | – | $0 |
| JIM YOUNG | TRASURER Trustee or director, Officer | – | $0 |
Address and contacts
- Address (IRS master file)
- 736 N WESTERN AVE SUITE 226, LAKE FOREST, IL 60045-1820
- In care of
- % KATHRYN MCFARLAND CHAIRMAN
- Principal officer (990 for 2024)
- LISA BULZONI, 1437 SAINT JOHNS AVE, HIGHLAND PARK, IL 60035
- Signed the 990
- LISA BULZONI, CEO
- Phone
- (847) 436-8060
- Website
- READINGPOWERINC.ORG
- Return prepared by
- LAUTERBACH & AMEN LLP
Mission
READING POWER, INC IS A NOT FOR PROFIT LITERACY TUTORING PROGRAM SERVING LOW-ACHIEVING CHILDREN ATTENDING ELEMENTARY SCHOOLS. THEIR MISSION IS TO ACCELERATE CHILDREN'S 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.
Program accomplishments
- PROVIDED A HIGH DOSAGE LITERACY TUTORING PROGRAM, 1:1 DURING THE SCHOOL DAY, TO STUDENTS IN K-2ND GRADE, WHO PERFORM BELOW THE 25TH PERCENTILE IN LITERACY ASSESSMENTS. IN THE PRESCHOOL PROGRAM ALL CHILDREN ARE SEEN AS IT IS A UNIVERSAL INTERVENTION.Expenses $1,343,611
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 June, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | June 30, 2026 | November 16, 2026 | Not due yet |
| 2024 | June 30, 2025 | November 17, 2025 | 990 on file |
| 2023 | June 30, 2024 | November 15, 2024 | 990 on file |
IRS record
- EIN
- 20-2916846
- 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
- 2005
- Accounting year ends
- June
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Youth development (O50)
- Assets (IRS master file)
- $1,213,854
- Income (IRS master file)
- $1,761,995
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | June 2025 | $1,676,149 | $1,848,741 | $1,213,854 | XML |
| 990 | June 2024 | $1,917,784 | $1,597,424 | $1,359,797 | XML |
| 990 | June 2023 | $1,242,929 | $1,396,059 | $1,182,434 | XML |
| 990 | June 2022 | $1,035,570 | $1,024,729 | $984,195 | IRS |
| 990 | June 2021 | – | – | – | IRS |
| 990 | June 2020 | – | – | – | IRS |
| 990 | June 2019 | – | – | – | IRS |
| 990 | June 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 20-2916846).
Questions about READING POWER INC
- What is the EIN of READING POWER INC?
- The employer identification number (EIN) of READING POWER INC is 20-2916846.
- Is READING POWER INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2005.
- Are donations to READING POWER INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does READING POWER 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 READING POWER INC due?
- The return for tax year 2025 (the year ending June 30, 2026) is due November 16, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did READING POWER INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended June 2025.
- Who is the principal officer of READING POWER INC?
- The 990 for the year ended June 30, 2025 names LISA BULZONI.
- Who are the officers and directors of READING POWER INC?
- The 990 for the year ended June 30, 2025 lists 21 people; 1 received compensation from the organization, the highest $158,451 (LISA BULZONI, CEO).
- How much revenue does READING POWER INC have?
- On its 990 for the year ended June 30, 2025 it reported revenue of $1,676,149, expenses of $1,848,741 and total assets of $1,213,854 at year end.
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