Reed Charitable Foundation Inc
Reed Charitable Foundation Inc
EIN: 84-3627777
Mission
RCF’s mission is to make an immediate meaningful impact by empowering the dyslexic community and ending the global literacy crisis by ensuring Orton-Gillingham training is financially and geographically accessible to all while also providing exceptional content and a meaningful community to those on the dyslexia journey. At RCF, we envision a world where we have fundamentally changed the education system so that all dyslexic students, as well as their peers, are truly literate and empowered to learn, identify their inherent strengths and reach their fullest potential.
Ruling year
2019
President
Jennifer Knopf
Main address
PO Box 1417
Winter Park, FL 32789-1417 USA
EIN
84-3627777
Reading promotion
Equal opportunity in education
Elementary and secondary education
Parent-teacher involvement
Population served
Teachers
Students
Low-income people
Adolescents
Children
NTEE code
Remedial Reading, Reading Encouragement (B92)
IRS subsection
501(c)(3) Public Charity
IRS filing requirement
This organization is required to file an IRS Form 990 or 990-EZ.
Tax forms
Communication
Programs and results
What we aim to solve
Our programs
What are the organization's current programs, how do they measure success, and who do the programs serve?
Orton-Gillingham Teacher Training
REED Charitable Foundation's objective is to properly equip teachers with the training, tools, and implementation support they need so that every child that comes through their classroom can learn to read. We do this by hosting affordable virtual and in-person Orton-Gillingham trainings for educators and stakeholders. Orton-Gillingham (OG) is a direct, explicit, multi-sensory, structured, sequential, diagnostic, and prescriptive way to teach literacy when reading, writing, and spelling does not come easily to individuals. It is the gold standard in literacy instruction for all students and vital for dyslexic students.
Where we work
Financials
Financial documents
Download audited financialsRevenue vs. expenses: breakdown
Liquidity in 2022 info
0.00
Months of cash in 2022 info
21.4
Fringe rate in 2022 info
0%
Funding sources info
Assets & liabilities info
Financial data
Reed Charitable Foundation Inc
Balance sheetFiscal Year: Jan 01 - Dec 31
The balance sheet gives a snapshot of the financial health of an organization at a particular point in time. An organization's total assets should generally exceed its total liabilities, or it cannot survive long, but the types of assets and liabilities must also be considered. For instance, an organization's current assets (cash, receivables, securities, etc.) should be sufficient to cover its current liabilities (payables, deferred revenue, current year loan, and note payments). Otherwise, the organization may face solvency problems. On the other hand, an organization whose cash and equivalents greatly exceed its current liabilities might not be putting its money to best use.
Fiscal Year: Jan 01 - Dec 31
This snapshot of Reed Charitable Foundation Inc’s financial trends applies Nonprofit Finance Fund® analysis to data hosted by GuideStar. While it highlights the data that matter most, remember that context is key – numbers only tell part of any story.
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Business model indicators
| Profitability info | 2020 | 2021 | 2022 |
|---|---|---|---|
| Unrestricted surplus (deficit) before depreciation | $270,662 | $303,551 | $318,916 |
| As % of expenses | 0.0% | 122.6% | 59.0% |
| Unrestricted surplus (deficit) after depreciation | $270,662 | $303,551 | $318,916 |
| As % of expenses | 0.0% | 122.6% | 59.0% |
| Revenue composition info | |||
|---|---|---|---|
| Total revenue (unrestricted & restricted) | $270,662 | $551,160 | $857,110 |
| Total revenue, % change over prior year | 0.0% | 103.6% | 55.5% |
| Program services revenue | 0.0% | 0.0% | 6.0% |
| Membership dues | 0.0% | 0.0% | 0.0% |
| Investment income | 0.0% | 0.0% | 0.0% |
| Government grants | 0.0% | 0.0% | 0.0% |
| All other grants and contributions | 100.0% | 100.0% | 94.0% |
| Other revenue | 0.0% | 0.0% | 0.0% |
| Expense composition info | |||
|---|---|---|---|
| Total expenses before depreciation | $0 | $247,609 | $540,253 |
| Total expenses, % change over prior year | 0.0% | 0.0% | 118.2% |
| Personnel | 0.0% | 47.6% | 59.1% |
| Professional fees | 0.0% | 5.6% | 13.7% |
| Occupancy | 0.0% | 0.8% | 0.0% |
| Interest | 0.0% | 0.0% | 0.0% |
| Pass-through | 0.0% | 0.0% | 0.0% |
| All other expenses | 0.0% | 46.0% | 27.2% |
| Full cost components (estimated) info | 2020 | 2021 | 2022 |
|---|---|---|---|
| Total expenses (after depreciation) | $0 | $247,609 | $540,253 |
| One month of savings | $0 | $20,634 | $45,021 |
| Debt principal payment | $0 | $0 | $0 |
| Fixed asset additions | $0 | $0 | $0 |
| Total full costs (estimated) | $0 | $268,243 | $585,274 |
Capital structure indicators
| Liquidity info | 2020 | 2021 | 2022 |
|---|---|---|---|
| Months of cash | 0.0 | 31.2 | 21.4 |
| Months of cash and investments | 0.0 | 31.2 | 21.4 |
| Months of estimated liquid unrestricted net assets | 0.0 | 31.2 | 21.4 |
| Balance sheet composition info | 2020 | 2021 | 2022 |
|---|---|---|---|
| Cash | $339,495 | $643,046 | $961,962 |
| Investments | $0 | $0 | $0 |
| Receivables | $0 | $0 | $0 |
| Gross land, buildings, equipment (LBE) | $0 | $0 | $0 |
| Accumulated depreciation (as a % of LBE) | 0.0% | 0.0% | 0.0% |
| Liabilities (as a % of assets) | 0.0% | 0.0% | 0.0% |
| Unrestricted net assets | $0 | $0 | $0 |
| Temporarily restricted net assets | N/A | N/A | N/A |
| Permanently restricted net assets | N/A | N/A | N/A |
| Total restricted net assets | $0 | $0 | $0 |
| Total net assets | $339,495 | $643,046 | $961,962 |
Key data checks
| Key data checks info | 2020 | 2021 | 2022 |
|---|---|---|---|
| Material data errors | No | No | No |
Operations
The people, governance practices, and partners that make the organization tick.
Documents
President
Jennifer Knopf
Number of employees
Source: IRS Form 990
Reed Charitable Foundation Inc
Officers, directors, trustees, and key employeesSOURCE: IRS Form 990
Compensation data
There are no highest paid employees recorded for this organization.
Reed Charitable Foundation Inc
Board of directorsas of 08/21/2024
Board of directors data
Jennifer Knopf
Jim Seay, Esq.
Michael Smith
David Morillo
Ryan Parsons
Organizational demographics
Who works and leads organizations that serve our diverse communities? Candid partnered with CHANGE Philanthropy on this demographic section.
Leadership
The organization's leader identifies as:
Race & ethnicity
No data
Gender identity
No data
Transgender Identity
No data
Sexual orientation
No data
Disability
No data
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- Contractor and/or Paid Preparer data for 2022, 2021, 2020
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