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Nonprofit · EIN 92-1574563

MARYLAND READS INC

Tax-exempt · KENSINGTON, MD 20895

Financials

$290K$126K2023$355K$451K2024
Revenue Expenses · by fiscal year end
Financials of MARYLAND READS INC by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2024990$355,083$451,391-$96,308$67,775$0$67,775
December 31, 2023990$290,000$125,917$164,083$164,083$0$164,083
Financial details: 990 for the year ended December 31, 2024

Revenue

Contributions, gifts and grants
$355,000
Program service revenue
$0
Investment income
$0
Other revenue
$83

Expenses

Grants and similar amounts paid
$0
Compensation of officers, directors and key employees
$126,300
Other salaries and wages
$289,917
Salaries, compensation and benefits (total)
$416,217
Professional fundraising fees
$3,875
Travel
$481
Program services (functional)
$338,976
Management and general (functional)
$108,540
Fundraising (functional)
$3,875

Balance sheet and other

Total assets, start of year
$164,083
Total assets, end of year
$67,775
Total liabilities, end of year
$0
Net assets, end of year
$67,775
Gross unrelated business income
$83
Gross receipts
$355,083
Employees
0
Volunteers
2
Year formed
2022
State of legal domicile
MD

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 / weekCompensation
Patricia Brennan-GacExecutive Director
Trustee or director, Key employee
25$126,300
990 for the year ended December 31, 2023: 8 people
NameTitleHours / weekCompensation
Patricia Brennan-GacExecutive Director
Officer, Highest-paid employee
25$43,100
Kerri ValenciaBoard Member
Trustee or director
0$0
Winsome WaiteBoard Member
Trustee or director, Officer
0$0
Ellen O'NeillBoard Member
Trustee or director
0$0
Jennifer Bell-EllwangerActing Board President
Trustee or director, Officer
0$0
Lisa BlottenbergerBoard Member
Trustee or director
0$0
Sue FothergillBoard Member
Trustee or director
0$0
Laura GacTreasurer
Officer
0$0

Address and contacts

Address (IRS master file)
9902 HILLRIDGE DR, KENSINGTON, MD 20895-3229
In care of
% PATRICIA BRENNAN-GAC
Principal officer (990 for 2024)
Particia Brennan-Gac, 9902 Hillridge Drive, Kensington, MD 20895
Signed the 990
Patricia Brennan-Gac, Executive Director
Phone
(202) 360-0165

Mission

To foster a transformative culture that dramatically improves reading proficiency across Maryland by empowering stakeholders and amplifying their collective voices to drive meaningful change in policy and practice within their communities and our state.

990 for the year ended December 31, 2024

Program accomplishments

  • Develop a catalog of Tools and Resources for our network including the Producing the annual State of Reading Report to update and provide current insights into the core areas of reading instruction. Creation of monthly newsletter and monthly on-line happy hour of learning and the annual state wide convening.
    Expenses $110,712
  • Maryland READS Expert Advisory Delegation: Established a panel of experts to inform our work in specific content areas including providing feedback on the draft of the Pre-K to 3 Literacy Policy and hosting a summit on the Digital Dilemma
    Expenses $51,050
  • Build the Read Strong Network: Create local thriving reading ecosystems using a county by county approach within Maryland.
    Expenses $177,214

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
92-1574563
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 or 990-EZ
Category (NTEE)
Education (B92)
Assets (IRS master file)
$67,775
Income (IRS master file)
$355,083

Filing history

FormYear endedRevenueExpensesAssetsReturn
990December 2024$355,083$451,391$67,775XML
990December 2023$290,000$125,917$164,083XML

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 92-1574563).

Questions about MARYLAND READS INC

What is the EIN of MARYLAND READS INC?
The employer identification number (EIN) of MARYLAND READS INC is 92-1574563.
Is MARYLAND READS INC tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2023.
Are donations to MARYLAND READS INC tax-deductible?
Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
Which annual return does MARYLAND READS 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 MARYLAND READS 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 MARYLAND READS 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 MARYLAND READS INC?
The 990 for the year ended December 31, 2024 names Particia Brennan-Gac.
Who are the officers and directors of MARYLAND READS INC?
The 990 for the year ended December 31, 2024 lists 1 person; 1 received compensation from the organization, the highest $126,300 (Patricia Brennan-Gac, Executive Director).
How much revenue does MARYLAND READS INC have?
On its 990 for the year ended December 31, 2024 it reported revenue of $355,083, expenses of $451,391 and total assets of $67,775 at year end.

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