NonprofitsReading And Education For Adult Development Inc

Reading And Education For Adult Development Inc

RICHMOND, VA

Total revenue

$747K

Total expenses

$838K

Net assets

$1.9M

Grants received

$894K

21 grants

EIN

541364885

Tax year

2024

Mission

To help adults with low level reading skills develop basic reading skills through class instruction and one-on-one tutoring.

Programs

1 program

In the 2024-2025 academic year, read rva provided over 12,400 hours of instruction to 245 adult students through both online and in-person literacy classes and one-to-one tutoring. Students achieved personal goals including registering to vote, increased confidence, improved reading, helping children with school, and managing their health care. Over 175 volunteers assisted read rva throughout the year providing over 10,289 hours of instruction and support to students, teachers and staff.

Financials

FY 2024

Revenue

Contributions & grants$632K
Program service revenue
Investment income$53K
Other revenue$62K
Total revenue$747K

Expenses

Grants paid
Salaries & benefits$633K
Fundraising$261K
Other expenses$205K
Total expenses$838K
Total assets$2.0M
Net assets$1.9M

People

11 listed

NameRoleCompensation

MIKE WALSH

BOARD MEMBER

Board

4 hrs/wk

ALEXIS SPAIN

BOARD MEMBER

Board

4 hrs/wk

MARY HEATHER PARCH

VICE-PRESIDENT

Board

4 hrs/wk

THERESA MOORE

PRESIDENT

Board

4 hrs/wk

MATT JONES

BOARD MEMBER

Board

4 hrs/wk

ROMAIN LHERITIER

BOARD MEMBER

Board

4 hrs/wk

KAREN HAUSER

SECRETARY

Board

4 hrs/wk

BEN NELSON

BOARD MEMBER

Board

4 hrs/wk

ELIZABETH LEWIS

BOARD MEMBER

Board

4 hrs/wk

CULLEN SELTZER

BOARD MEMBER

Board

4 hrs/wk

MATTHEW GRAVES

TREASURER

Board

4 hrs/wk

Grants received

Showing 21 of 21

FromAmountPurposeYear
$57K
EDUCATIONAL SUCCESS
2024
$3K
EMPOWERING LIVES AND THE GREATER RICHMOND COMMUNITY THROUGH ADULT LITERACY
2024
$80K
For grant recipient's exempt purposes
2023
$56K
EDUCATIONAL SUCCESS
2023
$18K
DONOR DIRECT FUNDS (DESIGNATIONS) FOR GENERAL PURPOSES
2023
$83K
EDUCATIONAL SUCCESS
2022
$78K
For grant recipient's exempt purposes
2022
$25K
DONOR DIRECT FUNDS (DESIGNATIONS) FOR GENERAL PURPOSES
2022
$10K
FOR RECIPIENT'S EXEMPT PURPOSE
2022
$171K
For grant recipient's exempt purposes
2020
$29K
GENERAL PURPOSES
2020
$25K
DONOR DIRECT FUNDS (DESIGNATIONS) FOR GENERAL PURPOSES
2020
$8K
CORPORATE DONATION
2020
$317
GENERAL PURPOSE
2020
$62K
For grant recipient's exempt purposes
2019
$25K
DONOR DIRECTS FUNDS (DESIGNATIONS) FOR GENERAL PURPOSES
2019
$6K
GENERAL PURPOSES
2019
$62K
For grant recipient's exempt purposes
2018
$76K
FOR GRANT RECIPIENT'S EXEMPT PURPOSES
2017

Funded by

$894K from 8 funders · 21 grants · 2017–2024

Fidelity Investments Charitable Gift Fund

$529K · 6 grants · 2017–2023

The Community Foundation Inc

$230K · 5 grants · 2019–2024

United Way Of Greater Richmond

$93K · 4 grants · 2019–2023

American Online Giving Foundation Inc

$21K · 2 grants · 2023–2024

Nisource Charitable Foundation

$8K · 1 grant · 2020

Aetna Foundation Inc

$317 · 1 grant · 2020

Details

EIN541364885
Subsection03
Ruling date1986-10
Formed1982
Employees21
Volunteers0
READING AND EDUCATION FOR ADULT DEVELOPMENT INC — Mission, Financials & Grants Received | Grantivo