Rx For Reading in Los Angeles, California (CA)

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Rx For Reading
Employer Identification Number (EIN)954240189
Name of OrganizationRx For Reading
Address141 N Bristol Ave, Los Angeles, CA 90049-2601
ActivitiesBoy Scouts, Girl Scouts, etc.
SubsectionCharitable Organization
Ruling Date03/1994
DeductibilityContributions are deductible
FoundationOrganization which receives a substantial part of its support from a governmental unit or the general public
OrganizationAssociation
Exempt Organization StatusUnconditional Exemption
Tax Period12/2013
Assets$1,000,000 to $4,999,999
Income$1,000,000 to $4,999,999
Filing Requirement990 (all other) or 990EZ return
Asset Amount$4,502,314
Amount of Income$3,849,724
Form 990 Revenue Amount$3,106,984
National Taxonomy of Exempt Entities (NTEE)Educational Institutions and Related Activities: Remedial Reading, Reading Encouragement


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Amount of income in 2013: $3,849,724
Rx For Reading: 

 $3,849,724
Other organizations performing similar types of work: 

 $801,597

Assets in 2013: $4,502,314
This organization: 

 $4,502,314
Other organizations performing similar types of work: 

 $1,362,769

Expenses in 2012: $1,626,825
This organization: 

 $1,626,825
Other organizations performing similar types of work: 

 $740,582

Income to expenses ratio in 2012: 2.4
This organization: 

 2.4
Other organizations performing similar types of work: 

 1.1

Expenses allocated to program services in 2007: 92.8%
Rx For Reading: 

 92.8%
Other organizations performing similar types of work: 

 86.0%

Number of employees in 2012: 2
This organization: 

 2
Other organizations performing similar types of work: 

 10

Employees paid over $100,000 in 2012: 50.0%
Rx For Reading: 

 50.0%
Other organizations performing similar types of work: 

 0.0%

Grants share in income in 2012: 97.7%
Rx For Reading: 

 97.7%
Other organizations performing similar types of work: 

 89.8%

Financial snapshot ($)

Revenue for 2012

Functional expenses for 2012

Support schedule

Statements Regarding Other IRS Filings and Tax Compliance (for 2012)
Did the organization have unrelated business gross income of $1,000 or more during the year?No
Initiation fees and capital contributions$0
Gross receipts for public use of club facilities $0
Gross income from members or shareholders$0
Gross income from other sources$0
Statement of Revenue (for 2012)
Total revenue$3,532,277
Contributions, Gifts, Grants and Other Similar Amounts$3,449,382
Program Service Revenue$0
Other Revenue
Investment income (including dividends, interest, and other similar amounts)$104,547
Income from investment of tax-exempt bond proceeds$0
Royalties$0
Net rental income$0
Net loss from sales of assets other than inventory$-21,652
Gross amount from sales of assets other than inventory (Securities / Other)$645,514 / $0
Less: cost or other basis and sales expenses (Securities / Other)$667,166 / $0
Gain or (loss) (Securities / Other)$-21,652 / $0
Net income from fundraising events$0
Net income from gaming activities$0
Net income from sales of inventory$0
Miscellaneous Revenue$0
Statement of Functional Expenses (for 2012)
Total functional expenses$1,626,825
Compensation of current officers, directors, trustees, and key employees$0
Other salaries and wages$0
Payroll taxes$16,285
Professional fundraising services$0
Other$1,610,540
Balance Sheet (for 2012)
Total assets$4,396,409
Total liabilities$0
Total net assets or fund balances$4,396,409
Retained earnings, endowment, accumulated income, or other funds$4,396,409
Reason for Public Charity Status (for 2012)
The organization is not a private foundation because it is:An organization that normally receives a substantial part of its support from a governmental unit or from the general public described in section 170(b)(1)(A)(vi)
Support Schedule for Organizations Described in Sections 170(b)(1)(A)(iv) and 170(b)(1)(A)(vi) (for 2012)
2008 - 2012 Total
Total Support$9,474,188
Gifts, grants, contributions, and membership fees received$8,968,701
Tax revenues levied for the organization's benefit and either paid to or expended on its behalf$0
The value of services or facilities furnished by a governmental unit to the organization without charge$0
Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources$505,487
Gross receipts from related activities, etc.$0
Revenue, Expenses, and Changes in Net Assets or Fund Balances
2004200520062007
Total revenue$3,295,606$967,402$7,631,131$1,445,480
Contributions, gifts, grants, and similar amounts received$3,127,088$698,861$7,072,693$685,986
Contributions to donor advised funds$0$0
Direct public support$3,127,088$698,861$7,072,693$685,986
Indirect public support$0$0$0$0
Government contributions (grants)$0$0$0$0
Program service revenue including government fees and contracts$0$0$0$0
Membership dues and assessments$0$0$0$0
Interest on savings and temporary cash investments$10,786$31,456$33,383$13,921
Dividends and interest from securities$130,217$128,258$221,466$288,792
Net rental income or (loss)$0$0$0$0
Gross rents$0$0$0$0
Less: rental expenses$0$0$0$0
Other investment income$0$0$0$0
Gain or (loss) from sales of assets other than inventory$27,515$108,827$303,589$456,781
Gross amount from sales of assets other than inventory$2,754,025$4,113,179$7,787,969$8,079,929
Less: cost or other basis and sales expenses$2,726,510$4,004,352$7,484,380$7,623,148
Net income or (loss) from special events and activities$0$0$0$0
Gross revenue$0$0$0$0
Less: direct expenses other than fundraising expenses$0$0$0$0
Gross profit or (loss) from sales of inventory$0$0$0$0
Gross sales of inventory, less returns and allowances$0$0$0$0
Less: cost of goods sold$0$0$0$0
Other revenue$0$0$0$0
Total expenses$1,359,645$1,202,023$2,549,334$3,764,173
Program services$1,252,273$1,098,839$2,371,888$3,492,628
Management and general$83,907$68,852$121,714$211,481
Fundraising$23,465$34,332$55,732$60,064
Payments to affiliates$0$0$0$0
Net assets or fund balances at end of year$5,346,017$5,111,396$10,185,962$7,866,758
Excess or (deficit) for the year$1,935,961$-234,621$5,081,797$-2,318,693
Net assets or fund balances at beginning of year$3,410,056$5,346,017$5,111,396$10,185,962
Other changes in net assets or fund balances$0$0$-7,231$-511
Statement of Functional Expenses (for 2007)
TotalProgram servicesManagement and generalFundraising
Total functional expenses$3,764,173$3,492,628$211,481$60,064
Grants paid from donor advised funds$0
Other grants and allocations$3,356,047
Specific assistance to individuals$0
Benefits paid to or for members$0
Compensation of current officers, directors, key employees, etc.$112,500$28,125$67,500$16,875
Compensation of former officers, directors, key employees, etc.$0$0$0$0
Compensation and other distributions, not included above, to disqualified persons (as defined under section 4958(f)(1)) and persons described in section 4958(c)(3)(B)$0$0$0$0
Salaries and wages of employees not included above$89,968$47,823$18,587$23,558
Pension plan contributions not included above$0$0$0$0
Employee benefits not included above$6,826$2,561$2,902$1,363
Payroll taxes$7,796$2,924$3,315$1,557
Professional fundraising fees$0$0$0$0
Accounting fees$12,700$1,270$10,160$1,270
Legal fees$424$0$424$0
Supplies$0$0$0$0
Telephone$3,802$1,426$1,617$759
Postage and shipping$0$0$0$0
Occupancy$56,440$21,171$23,998$11,271
Equipment rental and maintenance$100$37$43$20
Printing and publications$13,738$12,364$0$1,374
Travel$188$188$0$0
Conferences, conventions, and meetings$0$0$0$0
Interest$0$0$0$0
Depreciation, depletion, etc.$0$0$0$0
Other expenses not covered above$103,644$18,692$82,935$2,017
Balance Sheets
2004200520062007
Total assets$5,346,017$5,111,396$10,238,024$7,941,695
Cash - non-interest-bearing$0$0$0$0
Savings and temporary cash investments$532,539$104,653$404,590$905,895
Accounts receivable less allowance for doubtful accounts$0$0$0$0
Pledges receivable less allowance for doubtful accounts$0$0$0$0
Grants receivable$0$0$0$0
Receivables from current and former officers, directors, trustees, and key employees$0$0$0$0
Receivables from other disqualified persons (as defined under section 4958(f)(1)) and persons described in section 4958(c)(3)(B)$0$0
Other notes and loans receivable less allowance for doubtful accounts$0$0$0$0
Inventories for sale or use$0$0$0$0
Prepaid expenses and deferred charges$0$0$0$0
Investments - publicly-traded securities$9,829,470$6,718,231
Investments - other securities$4,780,309$5,006,743$0$0
Investments - land, buildings, and equipment less accumulated depreciation$0$0$0$0
Investments - other$0$0$0$313,605
Land, buildings, and equipment less accumulated depreciation$0$0$0$0
Other assets, including program-related investments$33,169$0$3,964$3,964
Total liabilities$0$0$52,062$74,937
Accounts payable and accrued expenses$0$0$52,062$74,937
Grants payable$0$0$0$0
Deferred revenue$0$0$0$0
Loans from officers, directors, trustees, and key employees$0$0$0$0
Tax-exempt bond liabilities$0$0$0$0
Mortgages and other notes payable$0$0$0$0
Other liabilities$0$0$0$0
Total liabilities and net assets/fund balances$5,346,017$5,111,396$10,238,024$7,941,695
Total net assets or fund balances$5,346,017$5,111,396$10,185,962$7,866,758
Reconciliation of Revenue per Audited Financial Statements With Revenue per Return
2004200520062007
Total revenue$0$0$7,631,131$0
Total revenue, gains, and other support per audited financial statements$0$0$8,257,831$0
Other expenses$0$0$745,807$0
Net unrealized gains on investments$0$0$603,114$0
Donated services and use of facilities$0$0$0$0
Recoveries of prior year grants$0$0$0$0
Other$0$0$142,693$0
Other revenue$0$0$119,107$0
Investment expenses$0$0$0$0
Other$0$0$119,107$0
Reconciliation of Expenses per Audited Financial Statements With Expenses per Return
2004200520062007
Total expenses$0$0$2,549,334$0
Total expenses and losses per audited financial statements$0$0$6,304,412$0
Other revenue$0$0$3,774,965$0
Donated services and use of facilities$0$0$0$0
Prior year adjustments$0$0$7,231$0
Losses$0$0$0$0
Other$0$0$3,767,734$0
Other expenses$0$0$19,887$0
Investment expenses$0$0$0$0
Other$0$0$19,887$0
Current Officers, Directors, Trustees, and Key Employees
Average hours per week devoted to positionCompensationContributions to employee benefit plans & deferred compensation plansExpense account and other allowances
40$112,500$0$0
Total number of officers, directors, and trustees permitted to vote on organization business at board meetings7
Are any officers, directors, trustees, or key employees listed in Form 990, Part V-A, or highest compensated employees listed in Schedule A, Part I, or highest compensated professional and other independent contractors listed in Schedule A, Part II-A or II-B, related to each other through family or business relationships?No
Do any officers, directors, trustees, or key employees listed in Form 990, Part V-A, or highest compensated employees listed in Schedule A, Part I, or highest compensated professional and other independent contractors listed in Schedule A, Part II-A or II-B, receive compensation from any other organizations, whether tax exempt or taxable, that are related to the organization?Yes
Does the organization have a written conflict of interest policy?No
Other Information
Did the organization have unrelated business gross income of $1,000 or more during the year covered by this return, and has it filed a tax return on Form 990-T for this year?No
Was there a liquidation, dissolution, termination, or substantial contraction during the year?No
Is the organization related (other than by association with a statewide or nationwide organization) through common membership, governing bodies, trustees, officers, etc., to any other exempt or nonexempt organization?Yes
Direct and indirect political expenditures$0
Did the organization file Form 1120-POL for this year?No
Were substantially all dues nondeductible by members?
Did the organization make only in-house lobbying expenditures of $2,000 or less?
Dues, assessments, and similar amounts from members$0
Section 162(e) lobbying and political expenditures$0
Aggregate nondeductible amount of section 6033(e)(1)(A) dues notices$0
Taxable amount of lobbying and political expenditures$0
Does the organization elect to pay the section 6033(e) tax on the amount above?
If section 6033(e)(1)(A) dues notices were sent, does the organization agree to add the amount above to its reasonable estimate of dues allocable to nondeductible lobbying and political expenditures for the following tax year?
Initiation fees and capital contributions$0
Gross receipts for public use of club facilities$0
At any time during the year, did the organization, directly or indirectly, own a controlled entity within the meaning of section 512(b)(13)?No
Amount of tax imposed on the organization during the year under: section 4911$0
Amount of tax imposed on the organization during the year under: section 4912$0
Amount of tax imposed on the organization during the year under: section 4955$0
Did the organization engage in any section 4958 excess benefit transaction during the year or did it become aware of an excess benefit transaction from a prior year?No
Amount of tax imposed on the organization managers or disqualified persons during the year under sections 4912, 4955, and 4958$0
Amount of tax above, reimbursed by the organization$0
At any time during the tax year, was the organization a party to a prohibited tax shelter transaction?No
Did the organization acquire a direct or indirect interest in any applicable insurance contract?No
Did the supporting organization, or a fund maintained by a sponsoring organization, have excess business holdings at any time during the year?No
Number of employees employed in the pay period that includes March 12, 20060
Analysis of Income-Producing Activities (for 2007)
Unrelated business incomeExcluded by section 512, 513, or 514Related or exempt function income
Business codeAmountExclusion codeAmount
Total$0$759,494$0
Program service revenue
Program service revenue 1000000$000$0$0
Program service revenue 2000000$000$0$0
Program service revenue 3000000$000$0$0
Program service revenue 4000000$000$0$0
Program service revenue 5000000$000$0$0
Medicare/Medicaid payments000000$000$0$0
Fees and contracts from government agencies000000$000$0$0
Membership dues and assessments000000$000$0$0
Interest on savings and temporary cash investments000000$0Dividends, interest, payments with respect to securities loans, annuities, income from notional principal contracts, loan commitment fees, and other substantially similar income from ordinary and routine investments excluded by section 512(b)(1)$13,921$0
Dividends and interest from securities000000$0Dividends, interest, payments with respect to securities loans, annuities, income from notional principal contracts, loan commitment fees, and other substantially similar income from ordinary and routine investments excluded by section 512(b)(1)$288,792$0
Net rental income or (loss) from real estate
debt-financed property000000$000$0$0
not debt-financed property000000$000$0$0
Net rental income or (loss) from personal property000000$000$0$0
Other investment income000000$000$0$0
Gain or (loss) from sales of assets other than inventory000000$0Gain (or loss, to the extent allowed) from the sale of investments and other non-inventory property and from certain property acquired from financial institutions that are in conservatorship or receivership (sections 512(b)(5) and 512(b)(16)(A))$456,781$0
Net income or (loss) from special events000000$000$0$0
Gross profit or (loss) from sales of inventory000000$000$0$0
Other revenue000000$000$0$0
Information Regarding Taxable Subsidiaries and Disregarded Entities (for 2007)
EIN of corporation, partnership, or disregarded entityPercentage of ownership interestTotal incomeEnd-of-year assets
0%$0$0
0%$0$0
0%$0$0
0%$0$0
Compensation of the Five Highest Paid Employees Other Than Officers, Directors, and Trustees (for 2007)
CompensationContributions to employee benefit plans & deferred compensationExpense account and other allowances
$0$0$0
$0$0$0
$0$0$0
$0$0$0
$0$0$0
Total number of other employees paid over $50,0000
Statements About Activities (for 2007)
Expenses paid or incurred in connection with the lobbying activities$0
Did the organization receive or hold an easement for conservation purposes, including easements to preserve open space, the environment, historic land areas or historic structures?No
Did the organization provide credit counseling, debt management, credit repair, or debt negotiation services?No
Did the organization maintain any donor advised funds?No
Did the organization make any taxable distributions under section 4966?No
Did the organization make a distribution to a donor, donor advisor, or related person?No
The total number of donor advised funds owned at the end of the tax year$0
The aggregate value of assets held in all donor advised funds owned at the end of the tax year$0
The total number of separate funds or accounts owned at the end of the tax year (excluding donor advised funds included above) where donors have the right to provide advice on the distribution or investment of amounts in such funds or accounts$0
The aggregate value of assets held in all funds or accounts included above at the end of the tax year$0
Reason for Non-Private Foundation Status
The organization is not a private foundation because it isOrganization that receives a substantial part of its support from a governmental unit or from the general public
Support Schedule
2003200420052006
Total$2,527,336$3,295,606$967,402$7,631,131
Gifts, grants, and contributions received$2,409,698$3,127,088$698,861$7,072,693
Membership fees received$0$0$0$0
Gross receipts from admissions, merchandise sold or services performed, or furnishing of facilities in any activity that is related to the organization's charitable, etc., purpose$0$0$0$0
Gross income from interest, dividends, amounts received from payments on securities loans (section 512(a)(5)), rents, royalties, and unrelated business taxable income (less section 511 taxes) from businesses acquired by the organization after June 30, 1975$117,638$168,518$268,541$558,438
Net income from unrelated business activities not included above$0$0$0$0
Tax revenues levied for the organization's benefit and either paid to it or expended on its behalf$0$0$0$0
The value of services or facilities furnished to the organization by a governmental unit without charge. Do not include the value of services or facilities generally furnished to the public without charge$0$0$0$0
Other income$0$0$0$0
Lobbying Expenditures by Electing Public Charities (for 2007)
Total exempt purpose expenditures$0
Total lobbying expenditures$0
Total lobbying expenditures to influence public opinion (grassroots lobbying)$0
Total lobbying expenditures to influence a legislative body (direct lobbying)$0
Other exempt purpose expenditures$0
Lobbying nontaxable amount$0
Grassroots nontaxable amount$0
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Organizations performing similar types of work
IdNameAddressStateEstablishedTotal Income
1Reach Out And Read Inc56 Roland St, Boston, MA 02129-1235MA1999-12$12,669,591
2Laubach Literacy InternationalSyracuse, NY 13210NY$10,037,658
3Rx For Reading141 N Bristol Ave, Los Angeles, CA 90049-2601CA1994-03$3,849,724
4Blue Hills Community Services Corporation5008 Prospect Ave, Kansas City, MO 64130-2651MO1975-08$3,629,437
5Read Alliance Inc, Read Alliance80 Maiden Lane Suite 1100, New York, NY 10038-4811NY2000-03$2,402,857
6La Crosse Medical Health Science Consortium Inc1300 Badger Street Office 3065, La Crosse, WI 54601-1502WI1995-03$1,635,216
7Reading Is Fundamental Pittsburg10 Childrens Way Ste 300, Pittsburgh, PA 15212-5250PA1988-04$1,287,524
8Wonder Of Reading120 North Robertson Blvd, Los Angeles, CA 90048-3108CA1994-10$1,145,791
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14Living Books Literacy Center Inc1421 Dapplegrey Lane, Austin, TX 78727TX1999-03$0
15Partners In Reading Loose Leaf Fdn576 Sacramento St Fl 4, San Francisco, CA 94111-3018CA2002-07$0
16Progressive Way Literacy Program5015 W Chicago Ave, Chicago, IL 60651-3004IL1999-12$0
17Reading Kids Olympics1614 N Reedsville Rd, Lake Geneva, WI 53147WI1964-02$0
18Technology Empowerment Community Development Corporation, Tecdc1400 Mercantile Ln Ste 210, Largo, MD 20774-5352MD2003-02$0
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Number of organizations performing similar types of work
Arkansas1
Arizona1
California3
Florida2
Illinois1
Massachusetts1
Maryland1
Michigan1
Minnesota2
Missouri2
Mississippi2
North Carolina1
New York2
Pennsylvania1
South Carolina1
Texas3
Virginia1
Wisconsin2
Total28

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