Nonprofit · EIN 94-3390149
RAISING A READER
Tax-exempt · MILPITAS, CA 95035
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $4,911,900 | $5,354,343 | -$442,443 | $3,927,013 | $503,235 | $3,423,778 |
| December 31, 2023 | 990 | $5,700,015 | $4,782,378 | $917,637 | $4,424,012 | $557,791 | $3,866,221 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $1,905,167
- Program service revenue
- $2,963,001
- Investment income
- $43,732
- Net gain from sales of assets
- -$872
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $279,251
- Compensation of officers, directors and key employees
- $545,093
- Other salaries and wages
- $1,867,728
- Salaries, compensation and benefits (total)
- $3,069,972
- Professional fundraising fees
- $0
- Legal fees
- $21,125
- Accounting fees
- $51,738
- Occupancy
- $20,428
- Travel
- $49,898
- Depreciation
- $10,330
- Program services (functional)
- $4,246,554
- Management and general (functional)
- $800,444
- Fundraising (functional)
- $307,345
Balance sheet and other
- Total assets, start of year
- $4,424,012
- Total assets, end of year
- $3,927,013
- Total liabilities, end of year
- $503,235
- Net assets, end of year
- $3,423,778
- Land, buildings and equipment
- $21,900
- Net assets without donor restrictions
- $1,328,272
- Net assets with donor restrictions
- $2,095,506
- Gross receipts
- $5,768,423
- Employees
- 25
- Volunteers
- 11
- Year formed
- 1999
- State of legal domicile
- CA
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.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| MICHELLE TORGERSON | DIRECTOR/PRESIDENT & CEO Trustee or director, Officer | 40 | $322,442 | $33,275 |
| JONATHAN THORNTON | VP, STRATEGIC GROWTH & REVENUE Highest-paid employee | 40 | $167,212 | $39,410 |
| MICHELLE HYMAN | SVP, PROGRAMS & PARTNERSHIPS Highest-paid employee | 40 | $150,892 | $53,276 |
| REBECCA CHRYSTAL | MANAGING DIRECTOR, PROGRAMS & PARTNERSHIPS Highest-paid employee | 40 | $154,044 | $45,204 |
| JENNIFER FORD | VP, FINANCE & OPERATIONS Key employee | 40 | $177,807 | $11,569 |
| SHELECE DRAPER | DIRECTOR, BUSINESS OPERATIONS (UNTIL DECEMBER 2024) Highest-paid employee | 40 | $140,306 | $25,411 |
| PATRICIA COGLEY | DEPUTY DIRECTOR, STRATEGIC INNOVATION & IMPACT (UNTIL DECEMBER 2024) Highest-paid employee | 40 | $100,115 | $22,946 |
| CAROL EMIG | CHAIR Trustee or director, Officer | 0.5 | $0 | $0 |
| ERICA K WOOD | TREASURER Trustee or director, Officer | 0.5 | $0 | $0 |
| STERLING SPEIRN | SECRETARY Trustee or director, Officer | 0.5 | $0 | $0 |
| GIHANI FERNANDO | DIRECTOR Trustee or director | 0.5 | $0 | $0 |
| JENNIFER BLATZ | DIRECTOR Trustee or director | 0.5 | $0 | $0 |
| KAREN CALLOO | DIRECTOR Trustee or director | 0.5 | $0 | $0 |
| KIRK LAW | DIRECTOR Trustee or director | 0.5 | $0 | $0 |
| KRIS PERRY | DIRECTOR Trustee or director | 0.5 | $0 | $0 |
2 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| MEREDITH CROOKS | DIRECTOR Trustee or director | 0.5 | $0 |
| PORTIA KENNEL | DIRECTOR Trustee or director | 0.5 | $0 |
990 for the year ended December 31, 2023: 15 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| MICHELLE TORGERSON | DIRECTOR/PRESIDENT & CEO Trustee or director, Officer | 40 | $308,194 | $27,829 |
| REBECCA CHRYSTAL | MANAGING DIRECTOR, PROGRAMS & PARTNERSHIPS Highest-paid employee | 40 | $151,478 | $30,969 |
| MICHELLE HYMAN | SVP, PROGRAMS & PARTNERSHIPS Highest-paid employee | 40 | $139,828 | $42,540 |
| JENNIFER FORD | VP, FINANCE & OPERATIONS Key employee | 40 | $160,970 | $10,290 |
| NOELLE COLOME | DIRECTOR OF DEVELOPMENT Highest-paid employee | 40 | $129,878 | $23,864 |
| CAROL EMIG | CHAIR Trustee or director, Officer | 0.5 | $0 | $0 |
| ERICA K WOOD | TREASURER Trustee or director, Officer | 0.5 | $0 | $0 |
| STERLING SPEIRN | SECRETARY Trustee or director, Officer | 0.5 | $0 | $0 |
| GIHANI FERNANDO | DIRECTOR Trustee or director | 0.5 | $0 | $0 |
| JENNIFER BLATZ | DIRECTOR Trustee or director | 0.5 | $0 | $0 |
| KAREN CALLOO | DIRECTOR Trustee or director | 0.5 | $0 | $0 |
| KIRK LAW | DIRECTOR Trustee or director | 0.5 | $0 | $0 |
| KRIS PERRY | DIRECTOR Trustee or director | 0.5 | $0 | $0 |
| MEREDITH CROOKS | DIRECTOR Trustee or director | 0.5 | $0 | $0 |
| PORTIA KENNEL | DIRECTOR Trustee or director | 0.5 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 913 HANSON CT, MILPITAS, CA 95035-3166
- In care of
- % SILICON VALLEY COMMUNITY FDN
- Principal officer (990 for 2024)
- Michelle Torgerson, 489 Valley Way, Milpitas, CA 95035
- Signed the 990
- Michelle Torgerson, President & CEO
- Phone
- (650) 489-0550
- Return prepared by
- Crowe LLP
Mission
Raising a Reader supports families and inspires the development of literacy skills and a lifelong love for reading. We help children attain brighter futures in which they can thrive and contribute in school, the workforce and society.
Program accomplishments
- Raising A Reader (RAR) is a national nonprofit family engagement and literacy program that helps families develop, practice, and maintain home literacy habits essential for school success. RAR is operated through a diverse national network of affiliates (e.g., school systems, libraries, or community agencies) at more than 2,900 locations nationally, serving families with children between the ages of 0 to 8 years old. Children participating in our programs are exposed to high-quality, developmentally appropriate children's books, providing them with both a mirror reflecting their own world and a window to the world beyond. Through initial training and ongoing support, Raising A Reader parents, even those with limited English proficiency or low literacy skills, learn how to engage their children in storytelling with picture books. The program also includes an introduction to community resources, such as the public library, setting up families for a lifetime of book enjoyment. More than 39 independent evaluations confirm the valuable impact of RAR on family engagement and early literacy skills.Expenses $4,246,554 · grants $279,251 · revenue $2,963,001
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 year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 94-3390149
- 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 (B90)
- Assets (IRS master file)
- $3,927,013
- Income (IRS master file)
- $5,768,423
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | – | – | – | IRS |
| 990 | December 2023 | $5,700,015 | $4,782,378 | $4,424,012 | IRS |
| 990 | December 2022 | $4,999,126 | $4,680,618 | $3,326,192 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
| 990 | December 2017 | – | – | – | IRS |
990-N: the IRS publishes only the latest e-Postcard per organization; earlier years appear here as 990.tax collects the monthly files. 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.
Questions about RAISING A READER
- What is the EIN of RAISING A READER?
- The employer identification number (EIN) of RAISING A READER is 94-3390149.
- Is RAISING A READER tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2023.
- Are donations to RAISING A READER tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does RAISING A READER 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 RAISING A READER 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 RAISING A READER 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 RAISING A READER?
- The 990 for the year ended December 31, 2024 names Michelle Torgerson.
- Who are the officers and directors of RAISING A READER?
- The 990 for the year ended December 31, 2024 lists 17 people; 7 received compensation from the organization, the highest $322,442 (MICHELLE TORGERSON, DIRECTOR/PRESIDENT & CEO).
- How much revenue does RAISING A READER have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $4,911,900, expenses of $5,354,343 and total assets of $3,927,013 at year end.
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