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Nonprofit · EIN 47-2077478

MADISON READING PROJECT INC

Tax-exempt · MADISON, WI 53713

Financials

$1M$1.1M2023$958K$1.3M2024
Revenue Expenses · by fiscal year end
Financials of MADISON READING PROJECT INC by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2024990$957,916$1,284,038-$326,122$1,143,460$197,575$945,885
December 31, 2023990$1,015,106$1,057,857-$42,751$1,517,262$249,067$1,268,195
Financial details: 990 for the year ended December 31, 2024

Revenue

Contributions, gifts and grants
$946,887
Program service revenue
$50,313
Investment income
$8,602
Net income from fundraising events
-$52,869
Net income from sales of inventory
$3,188
Other revenue
-$47,886

Expenses

Grants and similar amounts paid
$0
Compensation of officers, directors and key employees
$184,914
Other salaries and wages
$350,537
Salaries, compensation and benefits (total)
$608,619
Professional fundraising fees
$0
Accounting fees
$32,800
Occupancy
$40,050
Depreciation
$25,792
Program services (functional)
$907,836
Management and general (functional)
$156,939
Fundraising (functional)
$219,263

Balance sheet and other

Total assets, start of year
$1,517,262
Total assets, end of year
$1,143,460
Total liabilities, end of year
$197,575
Net assets, end of year
$945,885
Land, buildings and equipment
$294,446
Net assets without donor restrictions
$588,013
Net assets with donor restrictions
$357,872
Gross receipts
$1,022,640
Employees
18
Volunteers
257
Year formed
2014
State of legal domicile
WI

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 December 31, 2024, highest compensation first.

NameTitleHours / weekCompensationOther / benefits
ROWAN CHILDSCO-EXECUTIVE DIRECTOR
Officer
40$100,514$4,440
DEIRDRE STEINMETZCO-EXECUTIVE DIRECTOR
Officer
40$84,400$4,220
CORINDA RAINEY MOOREBOARD PRESIDENT
Trustee or director, Officer
1$0$0
KENT LAWSONBOARD VICE PRESIDENT
Trustee or director, Officer
1$0$0
SARAH BRENDENBOARD VICE PRESIDENT
Trustee or director, Officer
1$0$0
VICTORIA THAYERBOARD TREASURER
Trustee or director, Officer
1$0$0
CHRISTINA ALVAREZBOARD SECRETARY
Trustee or director
0.5$0$0
JACLYN VITELA JACQMINBOARD MEMBER
Trustee or director
0.5$0$0
RICK PETERSHACKBOARD MEMBER
Trustee or director
0.5$0$0
TAMMY ROZEKBOARD MEMBER
Trustee or director
0.5$0$0
JENNIFER HATLENBOARD MEMBER
Trustee or director
0.5$0$0
DAVID O'CONNORBOARD MEMBER
Trustee or director
0.5$0$0
LA TASHA FIELDSBOARD MEMBER
Trustee or director
0.5$0$0
JENNI PETERSBOARD MEMBER
Trustee or director
0.5$0$0
990 for the year ended December 31, 2023: 16 people
NameTitleHours / weekCompensationOther / benefits
ROWAN CHILDSEXECUTIVE DIRECTOR
Officer
40$92,000$7,120
CORINDA RAINEY MOOREBOARD PRESIDENT
Trustee or director, Officer
1$0$0
KENT LAWSONVICE PRESIDENT EFFECTIVE 1/1/24
Trustee or director, Officer
1$0$0
JENNIFER GRAFBOARD SECRETARY
Trustee or director, Officer
1$0$0
VICTORIA THAYERTREASURER EFFECTIVE 1/1/24
Trustee or director, Officer
1$0$0
JENNIFER PETERSBOARD MEMBER
Trustee or director
0.5$0$0
JACLYN VITELA JACQMINBOARD MEMBER
Trustee or director
0.5$0$0
RICK PETERSHACKBOARD MEMBER
Trustee or director
0.5$0$0
TAMMY ROZEKBOARD MEMBER
Trustee or director
0.5$0$0
JENNIFER HATLENBOARD MEMBER
Trustee or director
0.5$0$0
DAVID O'CONNORBOARD MEMBER
Trustee or director
0.5$0$0
CHRISTINA ALVAREZSECRETARY EFFECTIVE 1/1/24
Trustee or director
0.5$0$0
SARAH BRENDENBOARD MEMBER
Trustee or director
0.5$0$0
LA TASHA FIELDSBOARD MEMBER
Trustee or director
0.5$0$0
JANNYCE RODRIGUESBOARD MEMBER
Trustee or director
0.5$0$0
CHRISTOPHER LAURENTBOARD MEMBER
Trustee or director
0.5$0$0

Address and contacts

Address (IRS master file)
1337 GREENWAY CROSS STE 186, MADISON, WI 53713-3219
In care of
% ROWAN CHILDS
Mailing address (990-N for 2016)
101 Agnes Court, Mount Horeb WI 53572
Principal officer (990 for 2024)
ROWAN CHILDS, 101 AGNES COURT, MOUNT HOREB, WI 53572
Principal officer (990-N for 2016)
Rowan Childs, 101 Agnes Court, Mount Horeb WI 53572
Signed the 990
ROWAN CHILDS, EXECUTIVE DIRECTOR
Phone
(608) 347-7970
Return prepared by
JOHNSON BLOCK & CO INC

Mission

THE ORGANIZATION ORGANIZES LITERACY PROGRAMS DIRECTED AT VULNERABLE CHILDREN THAT SUPPLEMENTS SCHOOL LEARNING.

990 for the year ended December 31, 2024

Program accomplishments

  • THE ORGANIZATION OFFERS BOOKS TO MANY CHILDREN THROUGH ITS PARTNERSHIPS WITH OTHER NONPROFITS, SOCIAL WORKERS, SCHOOLS, AND SHELTERS.
    Expenses $415,038
  • THE ORGANIZATION OFFERS LITERACY PROGRAMMING WHICH CAN INCLUDE AUTHOR READINGS, STORY TIME WITH THE OUTREACH DIRECTOR, LITERACY CRAFTS AND THEMED EVENTS FOR GROUPS.
    Expenses $492,798 · revenue $50,313

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 December, so each return is due on the 15th day of the 5th month after that.

Tax yearYear endedDueIRS public records
2025December 31, 2025May 15, 2026Not on file
2024December 31, 2024May 15, 2025990 on file
2023December 31, 2023May 15, 2024990 on file

IRS record

EIN
47-2077478
Tax-exempt status
501(c)(3): Charitable, religious, educational or scientific organization
Foundation status
Publicly supported organization (509(a)(2))
Donations deductible (Pub 78)
Public charity, 50% deduction limit
Exempt since
2014
Accounting year ends
December
Files
Form 990 or 990-EZ
Assets (IRS master file)
$1,143,460
Income (IRS master file)
$1,022,640

Filing history

FormYear endedRevenueExpensesAssetsReturn
990December 2024$957,916$1,284,038$1,143,460XML
990December 2023$1,015,106$1,057,857$1,517,262XML
990December 2022$1,392,855$706,936$1,493,816IRS
990December 2021–––IRS
990December 2020–––IRS
990-EZDecember 2018–––IRS
990-N for 2016
Officer: Rowan Childs
December 31, 2016≤ $50,000 receipts––e-Postcard

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 47-2077478).

Questions about MADISON READING PROJECT INC

What is the EIN of MADISON READING PROJECT INC?
The employer identification number (EIN) of MADISON READING PROJECT INC is 47-2077478.
Is MADISON READING PROJECT INC tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2014.
Are donations to MADISON READING PROJECT INC tax-deductible?
Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
Which annual return does MADISON READING PROJECT 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 MADISON READING PROJECT INC due?
The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
When did MADISON READING PROJECT INC last file with the IRS?
The latest return in the IRS public files is the 990 for the year ended December 2024.
Who is the principal officer of MADISON READING PROJECT INC?
The 990 for the year ended December 31, 2024 names ROWAN CHILDS.
Who are the officers and directors of MADISON READING PROJECT INC?
The 990 for the year ended December 31, 2024 lists 14 people; 2 received compensation from the organization, the highest $100,514 (ROWAN CHILDS, CO-EXECUTIVE DIRECTOR).
How much revenue does MADISON READING PROJECT INC have?
On its 990 for the year ended December 31, 2024 it reported revenue of $957,916, expenses of $1,284,038 and total assets of $1,143,460 at year end.

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