Better Business Bureau Report for
Ready Readers

Better Business Bureau Report issued March 2011
Better Business Bureau Report expires March 2012


This BBB Accredited charity meets all 20 Standards for Charity Accountability and is a Seal Holder. Find out more...


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Charity Contact Information

Name: Ready Readers
Address: 1974 Innerbelt Business Center Drive
  St. Louis, MO 63114
Phone: 314-564-8070
Web Address: www.readyreaders-stlouis.com
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Better Business Bureau Comments

Year, State Incorporated: 1999, Missouri
Affiliates: None
Stated Purpose: "exists to inspire preschool children from low-income communities to become readers by reading aloud to them and by increasing their exposure to quality books and stimulating reading activities."

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Evaluation Conclusions

              

Ready Readers (RR) meets the 20 Standards for Charity Accountability.
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Programs

              

Ready Readers trains, places and supervises more than 450 volunteers who read weekly to children, ages 2-5, who attend early childhood centers in low-income communities in the St. Louis area. The same reader always reads to the same children, allowing the children to associate a special person with the fun of reading. Six or seven times during the year, readers also give the children personalized, new books to take home for further enjoyment. Volunteers are currently reading to more than 7,000 preschool-age children each week at 117 early childhood centers. Ready Readers will give away more than 50,000 new books during the 2010-2011 school year. Ready Readers also collects and redistributes gently used books to low-income early childhood centers for classroom use.The same reader always reads to the same children, allowing the children to associate a special person with the fun of reading. Six or seven times during the school year, readers also give the children personalized new books to take home for further enjoyment. Volunteers are currently reading to over 6,500 children each week, at 108 preschools. Ready Readers will give away 42,000 books in the 2009-2010 school year. Ready Readers also collects and redistributes gently used books to needy preschools for classroom use.

For the fiscal year ended June 30, 2010, RR's program expenses were:

  
Reading Program 217,607
Total Program Expenses: $217,607
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Governance

              

Chief Executive : Lisa Greening , Executive Director
Compensation*:

Chair of the Board: Susan Kalishman Goldberg
Chair's Profession / Business Affiliation: Community Volunteer

Board Size: 20

Paid Staff Size: 4

*Compensation includes annual salary and, if applicable, benefit plans, expense accounts, and other allowances.
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Fund Raising

              

Method(s) Used:

direct mail, invitations to fund raising events, grant proposals, internet
Fund raising costs were 17% of related contributions. (Related contributions, which totaled $349,659, are donations received as a result of fund raising activities.)
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Tax Status

              

This organization is tax-exempt under section 501(c)(3) of the Internal Revenue Code. It is eligible to receive contributions deductible as charitable donations for federal income tax purposes.
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Financial

              

The following information is based on RR's unaudited financial statements for the fiscal year ended June 30, 2010.

Source of Funds  
Contribution Revenue 231,779
Special events- (net) 105,420
In-kind Contributions 12,460
Interest Income 582
Total Income $350,241


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Uses of Funds as a % of Total Expenses

Programs: 66%  Fund Raising: 19%  Administrative: 15% 

Total income   $350,241
  Program expenses $217,607
  Fund raising expenses 60,306
  Administrative expenses 47,208
 
Total expenses   $325,121
Income in Excess of Expenses   25,120
Beginning net assets   206,835
Ending net assets   231,955
Total liabilities  
Total assets   $231,955


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