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Nonprofit · EIN 51-0317415

READING ASSIST INSTITUTE

Tax-exempt · WILMINGTON, DE 19801

Financials

$3.4M$3.1M2022$5.2M$5M2023$5.3M$5.3M2024
Revenue Expenses · by fiscal year end
Financials of READING ASSIST INSTITUTE by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
June 30, 2025990$5,340,195$5,253,603$86,592$4,939,013$99,809$4,839,204
June 30, 2024990$5,173,497$5,001,378$172,119$4,963,124$468,871$4,494,253
June 30, 2023990$3,444,753$3,128,966$315,787$4,283,948$283,532$4,000,416
Financial details: 990 for the year ended June 30, 2025

Revenue

Contributions, gifts and grants
$2,230,248
of which government grants
$375,000
Program service revenue
$3,034,153
Investment income
$75,794
Other revenue
$0

Expenses

Grants and similar amounts paid
$0
Compensation of officers, directors and key employees
$145,492
Other salaries and wages
$3,641,724
Salaries, compensation and benefits (total)
$4,378,971
Professional fundraising fees
$0
Occupancy
$60,666
Travel
$19,303
Program services (functional)
$4,451,292
Management and general (functional)
$475,427
Fundraising (functional)
$326,884

Balance sheet and other

Total assets, start of year
$4,963,124
Total assets, end of year
$4,939,013
Total liabilities, end of year
$99,809
Net assets, end of year
$4,839,204
Net assets without donor restrictions
$4,739,204
Net assets with donor restrictions
$100,000
Gross receipts
$5,340,195
Employees
333
Volunteers
310
Year formed
1989
State of legal domicile
DE

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.

NameTitleHours / weekCompensation
CAROLINE O'NEALEXECUTIVE DIRECTOR
Officer
40$142,692
PAMELA SCOTTPRESIDENT
Trustee or director, Officer
1$0
MADELEINE BAYARDVICE PRESIDENT
Trustee or director, Officer
1$0
ISRAEL MERCADOTREASURER
Trustee or director, Officer
1$0
JAMES BOYDSECRETARY
Trustee or director, Officer
1$0
GARY CAMPBOARD MEMBER
Trustee or director
1$0
KAE KEISTERBOARD MEMBER
Trustee or director
1$0
LARETHA ODUMOSUBOARD MEMBER
Trustee or director
1$0
MATT SULLIVANBOARD MEMBER
Trustee or director
1$0
TERRA WALLINBOARD MEMBER
Trustee or director
1$0
990 for the year ended June 30, 2024: 10 people
NameTitleHours / weekCompensation
CAROLINE O'NEALEXECUTIVE DIRECTOR
Officer
40$133,221
PAMELA SCOTTPRESIDENT
Trustee or director, Officer
1$0
ISRAEL MERCADOTREASURER
Trustee or director, Officer
1$0
VIRGINIA BIASOTTOBOARD MEMBER
Trustee or director
1$0
DARREN MAHONEYBOARD MEMBER
Trustee or director
1$0
DARRYL SCOTTBOARD MEMBER
Trustee or director
1$0
MATT SULLIVANBOARD MEMBER
Trustee or director
1$0
JAMES BOYDSECRETARY
Trustee or director
1$0
MADELEINE BAYARDVICE PRESIDENT
Trustee or director
1$0
KAE KEISTERBOARD MEMBER
Trustee or director
1$0
990 for the year ended June 30, 2023: 10 people
NameTitleHours / weekCompensation
CAROLINE O'NEALEXECUTIVE DIRECTOR
Officer
40$133,221
PAMELA SCOTTPRESIDENT
Trustee or director, Officer
1$0
ISRAEL MERCADOTREASURER
Trustee or director, Officer
1$0
VIRGINIA BIASOTTOBOARD MEMBER
Trustee or director
1$0
DARREN MAHONEYBOARD MEMBER
Trustee or director
1$0
DARRYL SCOTTBOARD MEMBER
Trustee or director
1$0
MATT SULLIVANBOARD MEMBER
Trustee or director
1$0
JAMES BOYDSECRETARY
Trustee or director
1$0
MADELEINE BAYARDVICE PRESIDENT
Trustee or director
1$0
KAE KEISTERBOARD MEMBER
Trustee or director
1$0

Address and contacts

Address (IRS master file)
100 W 10TH ST STE 910, WILMINGTON, DE 19801-6605
Principal officer (990 for 2024)
ISRAEL MERCADO, 100 WEST 10TH STREET 910, WILMINGTON, DE 198016605
Signed the 990
ISRAEL MERCADO, TREASURER
Phone
(302) 425-4080
Return prepared by
BARBACANE THORNTON & COMPANY LLP

Mission

READING ASSIST INSTITUTE IS A NON-PROFIT ORGANIZATION DEDICATED TO TEACHING THE FOUNDATIONAL SKILLS OF READING TO CHILDREN WITH SIGNIFICANT ACADEMIC CHALLENGES, ENPOWERING THEM TO ACHIEVE GRADE-LEVEL PROFICIENCY.

990 for the year ended June 30, 2025

Program accomplishments

  • LITERACY ADVANCEMENT - THE ORGANIZATION PROVIDES READING INTERVENTION TUTORING SERVICES FOR STUDENTS IN AREA SCHOOLS AND PROFESSIONAL DEVELOPMENT IN LITERACY FOR AREA EDUCATORS. THESE SERVICES ARE ALL DESIGNED TO ADVANCE LITERACY SKILLS IN THE MECHANICS OF READING. DURING FISCAL YEAR 2025, THE ORGANIZATION PROVIDED TUTORING SERVICES TO MORE THAN 200 STUDENTS AND PROFESSIONAL DEVELOPMENT TRAINING HOURS OF MORE THAN 1200.
    Expenses $4,451,292 · revenue $3,034,153

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 yearYear endedDueIRS public records
2025June 30, 2026November 16, 2026Not due yet
2024June 30, 2025November 17, 2025990 on file
2023June 30, 2024November 15, 2024990 on file

IRS record

EIN
51-0317415
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
1989
Accounting year ends
June
Files
Form 990 or 990-EZ
Category (NTEE)
Education (B90Z)
Assets (IRS master file)
$4,939,013
Income (IRS master file)
$5,340,195

Filing history

FormYear endedRevenueExpensesAssetsReturn
990June 2025$5,340,195$5,253,603$4,939,013IRS
990June 2024$5,173,497$5,001,378$4,963,124IRS
990June 2023$3,444,753$3,128,966$4,283,948XML
990June 2022$5,126,330$2,991,559$3,428,403IRS
990June 2021–––IRS
990June 2020–––IRS
990June 2019–––IRS
990June 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 51-0317415).

Questions about READING ASSIST INSTITUTE

What is the EIN of READING ASSIST INSTITUTE?
The employer identification number (EIN) of READING ASSIST INSTITUTE is 51-0317415.
Is READING ASSIST INSTITUTE tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1989.
Are donations to READING ASSIST INSTITUTE tax-deductible?
Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
Which annual return does READING ASSIST INSTITUTE 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 ASSIST INSTITUTE 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 ASSIST INSTITUTE 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 ASSIST INSTITUTE?
The 990 for the year ended June 30, 2025 names ISRAEL MERCADO.
Who are the officers and directors of READING ASSIST INSTITUTE?
The 990 for the year ended June 30, 2025 lists 10 people; 1 received compensation from the organization, the highest $142,692 (CAROLINE O'NEAL, EXECUTIVE DIRECTOR).
How much revenue does READING ASSIST INSTITUTE have?
On its 990 for the year ended June 30, 2025 it reported revenue of $5,340,195, expenses of $5,253,603 and total assets of $4,939,013 at year end.

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