Nonprofit · EIN 46-5228845
READSOURCE INC
Tax-exempt · ATLANTA, GA 30327
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2025 | 990 | $873,006 | $1,102,527 | -$229,521 | $1,200,058 | $115,436 | $1,084,622 |
| June 30, 2024 | 990 | $958,634 | $1,329,899 | -$371,265 | $1,528,711 | $214,568 | $1,314,143 |
| June 30, 2023 | 990 | $1,078,787 | $1,309,965 | -$231,178 | $1,723,637 | $95,747 | $1,627,890 |
Financial details: 990 for the year ended June 30, 2025
Revenue
- Contributions, gifts and grants
- $209,926
- Program service revenue
- $649,886
- Investment income
- $11,494
- Other revenue
- $1,700
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $0
- Other salaries and wages
- $859,767
- Salaries, compensation and benefits (total)
- $960,685
- Professional fundraising fees
- $0
- Legal fees
- $3,737
- Accounting fees
- $23,000
- Occupancy
- $3,952
- Travel
- $3,503
- Depreciation
- $5,796
- Program services (functional)
- $851,573
- Management and general (functional)
- $195,920
- Fundraising (functional)
- $55,034
Balance sheet and other
- Total assets, start of year
- $1,528,711
- Total assets, end of year
- $1,200,058
- Total liabilities, end of year
- $115,436
- Net assets, end of year
- $1,084,622
- Land, buildings and equipment
- $25,548
- Net assets without donor restrictions
- $1,084,622
- Gross receipts
- $873,006
- Employees
- 0
- Volunteers
- 23
- Year formed
- 2013
- State of legal domicile
- GA
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 June 30, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| Kara Loftin | Head of School Officer | 10 | $0 | $338,602 | $69,198 |
| LORETTA EDMOND | MANAGING DIRECTOR Officer | 40 | $0 | $97,936 | $16,928 |
| Mark R Bell II | Treasurer Trustee or director | 1 | $0 | $0 | $0 |
| Arun V Mohan | Trustee Trustee or director | 1 | $0 | $0 | $0 |
| Andrew Kang | Trustee Trustee or director | 1 | $0 | $0 | $0 |
| Jeffrey L Wright | Board Chair Trustee or director | 1 | $0 | $0 | $0 |
| Jim Chapman | Trustee Trustee or director | 1 | $0 | $0 | $0 |
| John A Draughon | Trustee Trustee or director | 1 | $0 | $0 | $0 |
| John Curtis Fisher | Trustee Trustee or director | 1 | $0 | $0 | $0 |
| Paul M Ollinger | Trustee Trustee or director | 1 | $0 | $0 | $0 |
| Rick Rollins | Trustee Trustee or director | 1 | $0 | $0 | $0 |
| Caroline Wildman | Trustee Trustee or director | 1 | $0 | $0 | $0 |
| Elizabeth J Shults | Secretary Trustee or director | 1 | $0 | $0 | $0 |
| Elizabeth Miller Tucker | Trustee Trustee or director | 1 | $0 | $0 | $0 |
| Jennifer Morgan | Trustee Trustee or director | 1 | $0 | $0 | $0 |
10 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Jennifer R Dangar | Vice Chair Trustee or director | 1 | $0 |
| Kate Denny | Chair of Committee on Trustee Trustee or director | 1 | $0 |
| Michaeline Roland | Trustee Trustee or director | 1 | $0 |
| Nancy Bryant | Trustee Trustee or director | 1 | $0 |
| Sarah Bottini | Chair of Advancement Committee Trustee or director | 1 | $0 |
| Adam Webb | Trustee Trustee or director | 1 | $0 |
| Burch Hanson | Trustee Trustee or director | 1 | $0 |
| Jessica Jones | Trustee Trustee or director | 1 | $0 |
| Robyn Curnow | Trustee Trustee or director | 1 | $0 |
| Susan Armstrong | Trustee Trustee or director | 1 | $0 |
990 for the year ended June 30, 2024: 19 people
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| Kara Loftin | Head of School Officer | 12 | $0 | $288,839 | $14,928 |
| Mark R Bell II | Treasurer Trustee or director | 1 | $0 | $0 | $0 |
| Arun V Mohan | Trustee Trustee or director | 1 | $0 | $0 | $0 |
| Andrew Kang | Trustee Trustee or director | 1 | $0 | $0 | $0 |
| Jeffrey L Wright | Board Chair Trustee or director | 1 | $0 | $0 | $0 |
| Jim Chapman | Trustee Trustee or director | 1 | $0 | $0 | $0 |
| John A Draughon | Trustee Trustee or director | 1 | $0 | $0 | $0 |
| John Curtis Fisher | Trustee Trustee or director | 1 | $0 | $0 | $0 |
| Paul M Ollinger | Trustee Trustee or director | 1 | $0 | $0 | $0 |
| Rick Rollins | Trustee Trustee or director | 1 | $0 | $0 | $0 |
| Caroline Wildman | Trustee Trustee or director | 1 | $0 | $0 | $0 |
| Elizabeth J Shults | Secretary Trustee or director | 1 | $0 | $0 | $0 |
| Elizabeth Miller Tucker | Trustee Trustee or director | 1 | $0 | $0 | $0 |
| Jennifer Morgan | Trustee Trustee or director | 1 | $0 | $0 | $0 |
| Jennifer R Dangar | Vice Chair Trustee or director | 1 | $0 | $0 | $0 |
| Kate Denny | Trustee Trustee or director | 1 | $0 | $0 | $0 |
| Michaeline Roland | Trustee Trustee or director | 1 | $0 | $0 | $0 |
| Nancy Bryant | Trustee Trustee or director | 1 | $0 | $0 | $0 |
| Sarah Bottini | Trustee Trustee or director | 1 | $0 | $0 | $0 |
990 for the year ended June 30, 2023: 6 people
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| JOSHUA CLARK | EXECUTIVE DIRECTOR Officer | 1 | $0 | $178,658 | $17,700 |
| WILLIAM WHARTON | EXECUTIVE DIRECTOR Officer | 1 | $0 | $150,000 | $7,500 |
| JENNIFER DANGAR | SECRETARY Trustee or director, Officer | 0.5 | $0 | $0 | $0 |
| KIMBERLY MARKS | BOARD CHAIR Trustee or director, Officer | 1 | $0 | $0 | $0 |
| MARK N PHILLIPS | TREASURER Trustee or director, Officer | 0.5 | $0 | $0 | $0 |
| JEFFREY L WRIGHT | VICE CHAIR Trustee or director, Officer | 1 | $0 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 282 MOUNT PARAN RD, ATLANTA, GA 30327-4664
- In care of
- % RYAN HUDAK
- Principal officer (990 for 2024)
- DR KARA LOFTIN, 282 MOUNT PARAN ROAD, ATLANTA, GA 30327
- Signed the 990
- DR KARA LOFTIN, Executive Director
- Phone
- (404) 252-2591
- Website
- HTTPS://READSOURCE.COM/
- 990-N for 2013 filed under this EIN
- Most likely by a chapter, club or affiliate (it says receipts are normally $50,000 or less). Officer: LANDEL HOBBS, 282 MOUNT PARAN ROAD, ATLANTA GA 30327. Mailing address: 282 MOUNT PARAN ROAD, ATLANTA GA 30327.
- Return prepared by
- SMITH & HOWARD ADVISORY LLC
Mission
EMPOWERING COMMUNITIES TO SERVE STRUGGLING LEARNERS.
Program accomplishments
- TEACHER TRAINING: OUR PROGRAMS, INCLUDING COMPREHENSIVE ORTON GILLINGHAM TRAINING AND OUR FREE COURSE, REACHING ALL READERS, ARE DESIGNED TO EQUIP EDUCATORS WITH THE TOOLS NEEDED TO SUPPORT DIVERSE LEARNERS IN BOTH PUBLIC AND INDEPENDENT SCHOOLSExpenses $519,177 · revenue $401,386
- DIRECT REMEDIATION SERVICES: THROUGH THE PARTNERSHIP WITH PURPOSE BUILT SCHOOLS ATLANTA WE PROVIDE DIRECT REMEDIATION SERVICES TO EQUIP STUDENTS IN PUBLIC SCHOOLS WITH THE READING SKILLS NEEDED TO SUCCEED.Expenses $323,624 · revenue $250,200
- ADULT DYSLEXIA PROGRAM: FOUNDED TO EXTEND THE ORTON-GILLINGHAM APPROACH TO ADULT LEARNERS, THIS PROGRAM PROVIDES SPECIALIZED LITERACY INSTRUCTION TO DYSLEXIC ADULTS. BY EQUIPPING ADULTS WITH ESSENTIAL READING SKILLS, THE PROGRAM SEEKS TO IMPROVE EDUCATIONAL OUTCOMES AND QUALITY OF LIFE FOR INDIVIDUALS WITHIN THE STATE AND NATIONAL COMMUNITY.Expenses $8,772
- S.H.I.N.E. TUTORING PROGRAM0
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 June, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | June 30, 2026 | November 16, 2026 | Not due yet |
| 2024 | June 30, 2025 | November 17, 2025 | 990 on file |
| 2023 | June 30, 2024 | November 15, 2024 | 990 on file |
IRS record
- EIN
- 46-5228845
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Supporting organization, Type II
- Donations deductible (Pub 78)
- Supporting organization, 50% limit
- Exempt since
- 2019
- Accounting year ends
- June
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Voluntary health associations and medical disciplines (G80)
- Assets (IRS master file)
- $1,200,058
- Income (IRS master file)
- $873,006
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | June 2025 | $873,006 | $1,102,527 | $1,200,058 | IRS |
| 990 | June 2024 | $958,634 | $1,329,899 | $1,528,711 | IRS |
| 990 | June 2023 | $1,078,787 | $1,309,965 | $1,723,637 | XML |
| 990 | June 2022 | $2,050,876 | $1,452,497 | $2,093,374 | IRS |
| 990 | June 2021 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
| 990-N for 2013 Officer: LANDEL HOBBS Filed under this EIN, most likely by a chapter or affiliate | December 31, 2013 | ≤ $50,000 receipts | – | – | e-Postcard |
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 46-5228845).
Questions about READSOURCE INC
- What is the EIN of READSOURCE INC?
- The employer identification number (EIN) of READSOURCE INC is 46-5228845.
- Is READSOURCE INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2019.
- Are donations to READSOURCE INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Supporting organization, 50% limit).
- Which annual return does READSOURCE 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 READSOURCE INC due?
- The return for tax year 2025 (the year ending June 30, 2026) is due November 16, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did READSOURCE INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended June 2025.
- Who is the principal officer of READSOURCE INC?
- The 990 for the year ended June 30, 2025 names DR KARA LOFTIN.
- Who are the officers and directors of READSOURCE INC?
- The 990 for the year ended June 30, 2025 lists 25 people; 0 received compensation from the organization.
- How much revenue does READSOURCE INC have?
- On its 990 for the year ended June 30, 2025 it reported revenue of $873,006, expenses of $1,102,527 and total assets of $1,200,058 at year end.
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All nonprofits in ATLANTA · Georgia · Voluntary health associations and medical disciplines