Better Business Bureau Report for
Readers Are Leaders Foundation

Better Business Bureau Report issued October 2014
Better Business Bureau Report expires October 2015


This BBB Accredited charity meets all 20 Standards for Charity Accountability. Find out more...


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Charity Contact Information

Name: Readers Are Leaders Foundation
Address: 801 Texas Avenue, Room 354
  Houston, TX 77002
Phone: 713-362-7904
Web Address: http://www.readersareleadersfoundation.org
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Better Business Bureau Comments

Year, State Incorporated: 1997, Texas
Affiliates: None
Stated Purpose: The Readers Are Leaders Foundation, a 501 (c) (3) organization, was founded in 1999 by the Houston Chronicle to promote newspapers as effective tools for improving the academic skills of young people in the Greater Houston, Texas, area.

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Evaluation Conclusions

              

Readers Are Leaders Foundation meets the 20 Standards for Charity Accountability.
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Programs

              

The Foundation has a two-fold purpose: to encourage schoolchildren to read; and to foster a better understanding of current events and world affairs by these children. These goals are accomplished by working closely with the paper's Chronicle in Education (CIE) department. Founded in 1958, CIE offers special subscription rates and free programs to educators and develops curriculum to help teachers use newspapers as effective teaching tools. In 2013, Readers Are Leaders distributed 18,306,507 daily and 3,279,899 Sunday newspapers to over 300 public and private schools.

For the fiscal year ended December 31, 2013, Readers Are Leaders Foundation's program expenses were:

  
Program 398,451
Total Program Expenses: $398,451
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Governance

              

Chief Executive :
Compensation*: 

Chair of the Board: Sherry Cousins, President
Chair's Profession / Business Affiliation: Activate! Promotions and Marketing, Account Manager

Board Size: 6

Paid Staff Size: 0

*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, telephone, print advertisements, grant proposals, internet, Corporate Sponsorship (Houston Bar Associate)
Fund raising costs were 15% of related contributions. (Related contributions, which totaled $312,041, 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 Readers Are Leaders Foundation's audited financial statements for the fiscal year ended December 31, 2013.

Source of Funds  
Contributions (Public Support) 312,041
Total Income $312,041


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Uses of Funds as a % of Total Expenses

Programs: 85%  Fund Raising: 10%  Administrative: 5% 

Total income $312,041
Program expenses $398,451
Fund raising expenses 47,605
Administrative expenses 21,369
Total expenses $467,425
Expenses in Excess of Income (155,384)
Beginning net assets (38,183)
Ending net assets (193,567)
Total liabilities 266,527
Total assets $72,960


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Complaints

              

The BBB has processed no customer complaints on this charity in its three year reporting period.

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An organization may change its practices at any time without notice. A copy of this report has been shared with the organization prior to publication. It is not intended to recommend or deprecate, and is furnished solely to assist you in exercising your own judgment. If the report is about a charity and states the charity meets or does not meet the BBB Standards for Charity Accountability, it reflects the results of an evaluation of information and materials provided voluntarily by the charity. The name Better Business Bureau is a registered service mark of the Council of Better Business Bureaus, Inc.

This report is not to be used for fund raising or promotional purposes.

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