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Nonprofit · EIN 85-3429800

READY TO READ

Tax-exempt (reinstated) · SAN JUAN CAPO, CA 92675

Financials

$42K$2282021$43K$28K2022$126K$26K2023$29K$74K2024
Revenue Expenses · by fiscal year end
Financials of READY TO READ by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2024990-EZ$29,400$73,887-$44,487$113,291–$113,291
December 31, 2023990-EZ$126,165$25,524$100,641$157,778–$157,778
December 31, 2022990-EZ$43,012$27,631$15,381$57,137–$57,137
December 31, 2021990-EZ$41,984$228$41,756$41,756–$41,756
Financial details: 990-EZ for the year ended December 31, 2024

Revenue

Contributions, gifts and grants
$29,400

Expenses

Grants and similar amounts paid
$70,000
Compensation of officers, directors and key employees
$0
Other expenses
$3,887
Program services (functional)
$70,000

Balance sheet and other

Total assets, start of year
$157,778
Total assets, end of year
$113,291
Total liabilities, end of year
–
Net assets, end of year
$113,291
Cash, savings and investments
$113,291
Gross receipts
$29,400

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 December 31, 2024, highest compensation first.

NameTitleHours / weekCompensation
Cathy A JohnsonPresident15$0
990-EZ for the year ended December 31, 2023: 1 people
NameTitleHours / weekCompensation
Cathy A JohnsonPresident15$0
990-EZ for the year ended December 31, 2022: 1 people
NameTitleHours / weekCompensation
Cathy A JohnsonPresident15$0
990-EZ for the year ended December 31, 2021: 1 people
NameTitleHours / weekCompensation
Cathy A JohnsonPresident5$0

Address and contacts

Address (IRS master file)
27127 CALLE ARROYO STE 1920, SAN JUAN CAPO, CA 92675-2765
In care of
% CATHERINE JOHNSON
Signed the 990-EZ
Cathy A Johnson, President
Phone
(949) 218-3814
Return prepared by
D Yes CPA Inc

California records

California keeps its own records of charities and corporations. Search them by EIN 85-3429800 or by the name READY TO READ.

Attorney General, Registry of Charities and Fundraisers
Registration status and filed reports (CT-TR-1, RRF-1)

Mission

Ready to Read's mission is to provide evidence-based reading interventions to underprivileged students in Orange County.

990-EZ for the year ended December 31, 2024

Program accomplishments

  • Goal is to provide full or partial scholarships for children who struggle with various language-based learning disabilities such as dyslexia, dysgraphia or dyscalculia so they can receive proper interventions necessary for remediation.
    Expenses $70,000

What it must file and when

IRS records say it files Form 990-N (e-Postcard). Gross receipts normally $50,000 or less. 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-EZ on file
2023December 31, 2023May 15, 2024990-EZ on file

IRS record

EIN
85-3429800
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
2023
Accounting year ends
December
Files
Form 990-N (e-Postcard)
Category (NTEE)
Education (B92)
Assets (IRS master file)
$113,291
Income (IRS master file)
$29,400

Revocation and reinstatement

Exemption revoked
May 15, 2023
Posted by the IRS
August 14, 2023
Reinstated
Effective May 15, 2023

From the IRS automatic revocation list: organizations that did not file a required return or e-Postcard for three consecutive years.

Filing history

FormYear endedRevenueExpensesAssetsReturn
990-EZDecember 2024$29,400$73,887$113,291XML
990-EZDecember 2023$126,165$25,524$157,778XML
990-EZDecember 2022$43,012$27,631$57,137XML
990-EZDecember 2021$41,984$228$41,756XML

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 85-3429800).

Questions about READY TO READ

What is the EIN of READY TO READ?
The employer identification number (EIN) of READY TO READ is 85-3429800.
Is READY TO READ tax-exempt?
Yes. The IRS revoked its exemption on May 15, 2023 and reinstated it effective May 15, 2023.
Are donations to READY TO READ tax-deductible?
Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
Which annual return does READY TO READ file?
Form 990-N (e-Postcard). Gross receipts normally $50,000 or less.
When is the next return of READY TO READ 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 READY TO READ last file with the IRS?
The latest return in the IRS public files is the 990-EZ for the year ended December 2024.
Who are the officers and directors of READY TO READ?
The 990-EZ for the year ended December 31, 2024 lists 1 person; 0 received compensation from the organization.
How much revenue does READY TO READ have?
On its 990-EZ for the year ended December 31, 2024 it reported revenue of $29,400, expenses of $73,887 and total assets of $113,291 at year end.

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