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Nonprofit · EIN 47-5221625

START READING NOW

Tax-exempt · MINNEAPOLIS, MN 55401

Financials

$143K$151K2022$153K$110K2023
Revenue Expenses · by fiscal year end
Financials of START READING NOW by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
September 30, 2024990-EZ$153,257$110,163$43,094$51,405$0$51,405
September 30, 2023990-EZ$143,074$150,583-$7,509$8,311$0$8,311
Financial details: 990-EZ for the year ended September 30, 2024

Revenue

Contributions, gifts and grants
$153,153
Investment income
$104

Expenses

Compensation of officers, directors and key employees
$10,575
Salaries, compensation and benefits (total)
$10,575
Professional fees and payments to contractors
$3,325
Printing, publications and postage
$1,309
Other expenses
$94,954
Program services (functional)
$94,832

Balance sheet and other

Total assets, start of year
$8,311
Total assets, end of year
$51,405
Total liabilities, end of year
$0
Net assets, end of year
$51,405
Cash, savings and investments
$51,405
Gross receipts
$153,257

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-EZ for the year ended September 30, 2024, highest compensation first.

NameTitleHours / weekCompensation
Lauren BeekSecretary/ Admin Consultant2$10,575
Hannah SerranoChair2$0
Jonathan SimonTreasurer1$0
Scott EvangelistBoard Member1$0
Cammy SmithBoard Member0.5$0
Dawn SelleBoard Member0.5$0
990-EZ for the year ended September 30, 2023: 5 people
NameTitleHours / weekCompensation
Lauren BeekSecretary3$10,737
Hannah SerranoChair2$0
Jonathan SimonTreasurer1$0
Scott EvangelistBoard Member4$0
Cammy SmithBoard Member1$0

Address and contacts

Address (IRS master file)
250 MARQUETTE AVE S STE 1100, MINNEAPOLIS, MN 55401-2180
Signed the 990-EZ
Jonathan Simon, Chair
Phone
(612) 466-2006
Return prepared by
Abdo LLP

Mission

Free books for low income children to build in-home libraries.

990-EZ for the year ended September 30, 2024

Program accomplishments

  • SRN hosted free book fairs in 28 schools across Minneapolis, St. Paul and Brooklyn Center. At these fairs 4,400 students picked out 10 books each - totaling in 44,000 new books for summer reading in 2024. We also collected data from students this fall and learned the following. I also attached that data in table form if needed. 1. Kids who participate like reading more: More than half the kids who bought 10 new books liked reading more after participating in the program.2. More reading inspires kids to like reading even more: 86% of kids who read all 10 of their new, self-selected books ended up liking reading more than before they bought those books. Reading more inspires the vast majority of kids to like reading more.
    Expenses $94,832

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

Tax yearYear endedDueIRS public records
2025September 30, 2026February 16, 2027Not due yet
2024September 30, 2025February 17, 2026Not on file
2023September 30, 2024February 18, 2025990-EZ on file

IRS record

EIN
47-5221625
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
2016
Accounting year ends
September
Files
Form 990 or 990-EZ
Category (NTEE)
Education (B11)
Assets (IRS master file)
$51,405
Income (IRS master file)
$153,257

Filing history

FormYear endedRevenueExpensesAssetsReturn
990-EZSeptember 2024$153,257$110,163$51,405XML
990-EZSeptember 2023$143,074$150,583$8,311XML
990-EZSeptember 2022–––IRS
990-EZSeptember 2021–––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 47-5221625).

Questions about START READING NOW

What is the EIN of START READING NOW?
The employer identification number (EIN) of START READING NOW is 47-5221625.
Is START READING NOW tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2016.
Are donations to START READING NOW tax-deductible?
Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
Which annual return does START READING NOW 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 START READING NOW due?
The return for tax year 2025 (the year ending September 30, 2026) is due February 16, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
When did START READING NOW last file with the IRS?
The latest return in the IRS public files is the 990-EZ for the year ended September 2024.
Who are the officers and directors of START READING NOW?
The 990-EZ for the year ended September 30, 2024 lists 6 people; 1 received compensation from the organization, the highest $10,575 (Lauren Beek, Secretary/ Admin Consultant).
How much revenue does START READING NOW have?
On its 990-EZ for the year ended September 30, 2024 it reported revenue of $153,257, expenses of $110,163 and total assets of $51,405 at year end.

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