Nonprofit · EIN 54-1364885
READING AND EDUCATION FOR ADULT DEVELOPMENT INC
Also known as R E A D CENTER
Tax-exempt · RICHMOND, VA 23230
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2025 | 990 | $746,883 | $838,020 | -$91,137 | $2,003,359 | $153,272 | $1,850,087 |
| June 30, 2024 | 990 | $835,745 | $730,636 | $105,109 | $1,958,867 | $128,485 | $1,830,382 |
Financial details: 990 for the year ended June 30, 2025
Revenue
- Contributions, gifts and grants
- $631,904
- Program service revenue
- $0
- Investment income
- $52,930
- Net income from fundraising events
- $62,814
- Other revenue
- $62,049
Expenses
- Grants and similar amounts paid
- $0
- Other salaries and wages
- $632,930
- Salaries, compensation and benefits (total)
- $632,930
- Professional fundraising fees
- $0
- Occupancy
- $56,421
- Depreciation
- $9,778
- Program services (functional)
- $519,714
- Management and general (functional)
- $56,826
- Fundraising (functional)
- $261,480
Balance sheet and other
- Total assets, start of year
- $1,958,867
- Total assets, end of year
- $2,003,359
- Total liabilities, end of year
- $153,272
- Net assets, end of year
- $1,850,087
- Land, buildings and equipment
- $23,704
- Net assets without donor restrictions
- $1,551,346
- Net assets with donor restrictions
- $298,741
- Gross receipts
- $825,873
- Employees
- 21
- Volunteers
- 0
- Year formed
- 1982
- State of legal domicile
- VA
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 |
|---|---|---|---|
| MIKE WALSH | BOARD MEMBER Trustee or director | 4 | $0 |
| ALEXIS SPAIN | BOARD MEMBER Trustee or director | 4 | $0 |
| MARY HEATHER PARCH | VICE-PRESIDENT Trustee or director, Officer | 4 | $0 |
| THERESA MOORE | PRESIDENT Trustee or director, Officer | 4 | $0 |
| MATT JONES | BOARD MEMBER Trustee or director | 4 | $0 |
| ROMAIN LHERITIER | BOARD MEMBER Trustee or director | 4 | $0 |
| KAREN HAUSER | SECRETARY Trustee or director, Officer | 4 | $0 |
| BEN NELSON | BOARD MEMBER Trustee or director | 4 | $0 |
| ELIZABETH LEWIS | BOARD MEMBER Trustee or director | 4 | $0 |
| CULLEN SELTZER | BOARD MEMBER Trustee or director | 4 | $0 |
| MATTHEW GRAVES | TREASURER Trustee or director, Officer | 4 | $0 |
990 for the year ended June 30, 2024: 13 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| MARGARET MAGEE | BOARD MEMBER Trustee or director | 4 | $0 |
| JANET PALMER | BOARD MEMBER Trustee or director | 4 | $0 |
| ELLEN MARIE HESS | VICE-PRESIDENT Trustee or director, Officer | 4 | $0 |
| WILLIAM SEYMOUR | PRESIDENT Trustee or director, Officer | 4 | $0 |
| THERESA MOORE | BOARD MEMBER Trustee or director | 4 | $0 |
| ANNE WALESKI | BOARD MEMBER Trustee or director | 4 | $0 |
| CASSANDRA REYNOLDS | SECRETARY Trustee or director, Officer | 4 | $0 |
| JORDAN COLES | BOARD MEMBER Trustee or director | 4 | $0 |
| MICHAEL WALSH | BOARD MEMBER Trustee or director | 4 | $0 |
| MARGARET HILL | BOARD MEMBER Trustee or director | 4 | $0 |
| MATTHEW GRAVES | TREASURER Trustee or director, Officer | 4 | $0 |
| KADY SALMON | VICE-PRESIDENT Trustee or director, Officer | 4 | $0 |
| REBECCA J TRES | BOARD MEMBER Trustee or director | 4 | $0 |
Address and contacts
- Address (IRS master file)
- 5211 W BROAD ST STE 102, RICHMOND, VA 23230-3000
- In care of
- % R E A D CENTER
- Principal officer (990 for 2024)
- MATTHEW GRAVES, 5211 WEST BROAD STREET 102, RICHMOND, VA 23230
- Signed the 990
- MATTHEW GRAVES, TREASURER
- Phone
- (804) 288-9930
- Website
- READCENTER.ORG
- Return prepared by
- FRANK BARCALOW CPA PLLC
Mission
THE READ CENTER ACCOMPLISHES THIS MISSION BY PROVIDING CLASSROOM INSTRUCTION AND ONE-TO-ONE TUTORING TO ADULTS OVER THE AGE OF 18 WHO WANT TO IMPROVE THEIR READING, WRITING, BASIC MATH AND DIGITAL SKILLS.
Program accomplishments
- THE ABILITY TO READ, WRITE, DO BASIC MATH, AND USE A COMPUTER IMPACTS A PERSON'S HEALTH, EMPLOYMENT, FINANCIAL STABILITY, HOUSING, AND COMMUNITY ENGAGEMENT. READ RVA OFFERS LIFE-CHANGING OPPORTUNITIES TO ADULTS SEEKING TO IMPROVE THEIR LIVES BY IMPROVING THEIR LITERACY. READ RVA PROVIDES SMALL CLASSROOM INSTRUCTION AND 1:1 TUTORING FOR ADULT LEARNERS WHO NEED TO IMPROVE THEIR LITERACY SKILLS. READ BUILDS INSTRUCTION AROUND STUDENT'S PERSONAL LITERACY AND LIFE GOALS BECAUSE LEARNING IS MOST SUCCESSFUL WHEN THE CONTENT IS MEANINGFUL, INSPIRING, AND RELEVANT. READ PROVIDES TRAINING AND ONGOING SUPPORT FOR VOLUNTEER TUTORS WHO WORK WITH STUDENTS 1:1 AND IN CLASSROOMS. READ RVA ALSO CONNECTS WITH LIKE-MINDED ORGANIZATIONS TO BETTER SERVE STUDENTS.Expenses $519,714
- 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.
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
- 54-1364885
- 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
- 1986
- Accounting year ends
- June
- Files
- Form 990 or 990-EZ
- Assets (IRS master file)
- $2,003,359
- Income (IRS master file)
- $825,873
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | June 2025 | $746,883 | $838,020 | $2,003,359 | XML |
| 990 | June 2024 | $835,745 | $730,636 | $1,958,867 | XML |
| 990 | June 2023 | $636,997 | $659,530 | $1,690,124 | IRS |
| 990 | June 2022 | – | – | – | IRS |
| 990 | June 2021 | – | – | – | IRS |
| 990 | June 2019 | – | – | – | IRS |
| 990 | June 2018 | – | – | – | IRS |
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 54-1364885).
Questions about READING AND EDUCATION FOR ADULT DEVELOPMENT INC
- What is the EIN of READING AND EDUCATION FOR ADULT DEVELOPMENT INC?
- The employer identification number (EIN) of READING AND EDUCATION FOR ADULT DEVELOPMENT INC is 54-1364885.
- Is READING AND EDUCATION FOR ADULT DEVELOPMENT INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1986.
- Are donations to READING AND EDUCATION FOR ADULT DEVELOPMENT INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does READING AND EDUCATION FOR ADULT DEVELOPMENT 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 READING AND EDUCATION FOR ADULT DEVELOPMENT 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 READING AND EDUCATION FOR ADULT DEVELOPMENT 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 READING AND EDUCATION FOR ADULT DEVELOPMENT INC?
- The 990 for the year ended June 30, 2025 names MATTHEW GRAVES.
- Who are the officers and directors of READING AND EDUCATION FOR ADULT DEVELOPMENT INC?
- The 990 for the year ended June 30, 2025 lists 11 people; 0 received compensation from the organization.
- How much revenue does READING AND EDUCATION FOR ADULT DEVELOPMENT INC have?
- On its 990 for the year ended June 30, 2025 it reported revenue of $746,883, expenses of $838,020 and total assets of $2,003,359 at year end.
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