NonprofitsRead Foundation

Education

Read Foundation

CORDOVA, TN

Total revenue

$26.2M

Total expenses

$21.7M

Net assets

$14.9M

Grants received

$1.5M

9 grants

EIN

943487601

Tax year

2023

Mission

To provide a safe and collaborative environment which will cultivate the academic and social development of its students by emphasizing math, science, and technology for the purpose of students setting and meeting higher education goals.

Financials

FY 2023

Revenue

Contributions & grants$5.6M
Program service revenue$19.8M
Investment income
Other revenue$717K
Total revenue$26.2M

Expenses

Grants paid
Salaries & benefits$14.0M
Fundraising
Other expenses$7.8M
Total expenses$21.7M
Total assets$37.1M
Net assets$14.9M

People

8 listed

NameRoleCompensation

SAMUEL BEYHAN

EXEC DIRECTOR

Board

$117K

40 hrs/wk

MUGIRE AYCI

ASST. EXEC DIRECTOR

Board

$101K

40 hrs/wk

DR RICHARD E POTTS

PRESIDENT

Board

2 hrs/wk

VEDA V T CHERRY

VICE-PRESIDENT

Board

2 hrs/wk

DR CEM AKKUS

BOARD MEMBER

Board

2 hrs/wk

PATTY FARMER

TREASURER

Board

2 hrs/wk

DR ISMAIL FIDAN

BOARD MEMBER

Board

2 hrs/wk

DR DAVID C AKDEMIR

BOARD MEMBER

Board

2 hrs/wk

Grants received

Showing 9 of 9

FromAmountPurposeYear
$252K
TO SUPPORT SUMMER BOOST
2024
$22K
TO PROVIDE TEACHERS AND STUDENTS IN U.S. MIDDLE SCHOOLS WITH ALWAYS-AVAILABLE ACCESS TO TECHNOLOGY AND EMPOWERS THEM TO BE CONTENT CREATORS, ADEPT PROBLEM-SOLVERS, AND RESPONSIBLE CONSUMERS OF DIGITAL MEDIA AND LEARNING RESOURCES.
2024
$10K
Program Implementation
2024
$873K
TO PROVIDE TEACHERS AND STUDENTS IN U.S. MIDDLE SCHOOLS WITH ALWAYS-AVAILABLE ACCESS TO TECHNOLOGY AND EMPOWERS THEM TO BE CONTENT CREATORS, ADEPT PROBLEM-SOLVERS, AND RESPONSIBLE CONSUMERS OF DIGITAL MEDIA AND LEARNING RESOURCES.
2023
$320K
TO SUPPORT SUMMER BOOST
2023
$10K
Program Implementation
2023
$20K
EDUCATIONAL SUPPORT
2022
$20K
EDUCATIONAL SUPPORT
2022
$18K
GENERAL OPERATIONAL SUPPORT
2021

Funded by

$1.5M from 5 funders · 9 grants · 2021–2024

Digital Promise Global

$895K · 2 grants · 2023–2024

50Can Inc

$572K · 2 grants · 2023–2024

Memphis Education Fund Inc

$40K · 2 grants · 2022

Project Lead The Way Inc

$20K · 2 grants · 2023–2024

Community Foundation

$18K · 1 grant · 2021

Details

EIN943487601
NTEE codeB99
Subsection03
Ruling date2009-12
Formed2009
Employees249
Volunteers150
READ FOUNDATION — Mission, Financials & Grants Received | Grantivo