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CHARITY REVIEW
Issued: August 2024 Expires: August 2026

Reading in Motion

Standards Not Met
Standards Not Met
3 11 16
332 S Michigan Ave Ste 121-R13
Chicago, IL, 60604

Standards For Charity Accountability

Governance

  1. Board Oversight
  2. Board Size
  3. Board Meetings
  4. Board Compensation
  5. Conflict of Interest

Measuring Effectiveness

  1. Effectiveness Policy
  2. Effectiveness Report

Finances

  1. Program Expenses
  2. Fundraising Expenses
  3. Accumulating Funds
  4. Audit Report
  5. Detailed Expense Breakdown
  6. Accurate Expense Reporting
  7. Budget Plan

Fundraising & Info

  1. Truthful Materials
  2. Annual Report
  3. Website Disclosures
  4. Donor Privacy
  5. Cause Marketing Disclosures
  6. Complaints

Reading in Motion does not meet the following 3 Standards for Charity Accountability:

Standard 3 (Frequency and Attendance of Board Meetings)
An organization shall have a minimum of three evenly spaced meetings per year of the full governing body with a majority in attendance, with face-to-face participation. A conference call of the full board can substitute for one of the three meetings of the governing body. For all meetings, alternative modes of participation are acceptable for those with physical disabilities.

The charity does not meet this Standard because:

Organization did not respond to BBB's request for more recent board meeting dates.

Standard 11 (Financial Statements)
Make available to all, on request, complete annual financial statements prepared in accordance with generally accepted accounting principles. When total annual gross income exceeds $1 million, these statements should be audited in accordance with generally accepted auditing standards. For charities whose annual gross income is less than $1 million, a review by a certified public accountant is sufficient to meet this standard. For charities whose annual gross income is less than $250,000, an internally produced, complete financial statement is sufficient to meet this standard.

The charity does not meet this Standard because:

Organization did not respond to BBB's request for more recent financial statements.

Standard 16 (Annual Report)
Have an annual report available to all, on request, that includes: (a) the organization's mission statement, (b) a summary of the past year's program service accomplishments, (c) a roster of the officers and members of the board of directors, (d) financial information that includes (i) total income in the past fiscal year, (ii) expenses in the same program, fund raising and administrative categories as in the financial statements, and (iii) ending net assets.

The charity does not meet this Standard because:

Organization's annual report is missing the ending net assets figure as well as a roster of board members with officers indicated.

Reading in Motion meets the remaining 17 Standards for Charity Accountability.

Stated Purpose:
Our goal is to get every student reading at grade level or above during their early years, especially students who need greater support due to their circumstances.

Year, State Incorporated:
1983, IL

RIM Aspire is a world-class reading program for at-risk children. This program uses arts-based activities that are physical, kinesthetic and imaginative to address key reading skills. During the year ended June 30, 2022, 3,750 pre-kindergarten, kindergarten, 1st grade, and 2nd grade students benefited from this program. In 2021, 4,525 pre-kindergarten, kindergarten and 1st grade students benefited from this program. Benchmarks includes the extra dosage component, which provides well-trained extra dosage instructors in first grade classrooms to provide additional small group instruction, at the same time the teacher is doing small group instruction in the same room.

For the year ended June 30, 2022, Reading in Motion's program expenses were:

Benchmarks $319,834
Research and Development $125,835
Spanish $71,526
Total Program Expenses $517,195

Chief Executive
Gabriel Gonzalez, Executive Director

Chair of the Board
Jill Fraggos

Chair's Profession / Business Affiliation
Lurie Children’s Hospital

Board Size
11

Method(s) Used:
Print advertisements (newspapers, magazines, etc.), Television, Grant proposals, Planned giving arrangements, Cause-related marketing (affinity credit cards, consumer product sales, etc.)

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.

The following information is based on Reading in Motion's audited financial statements for the year ended June 30, 2022.

Source of Funds
Foundation grants $510,465
PPP Loan Forgiveness $264,800
Program services $207,990
Individual and board contributions $187,950
Grants $25,950
Corporate grants $16,000
Special events, net $3,563
Total Income $1,216,718

Programs: 62% Fundraising: 19% Administrative: 20%

Total Income $1,216,718
Total expenses: $840,842
  Program expenses $517,195
  Fundraising expenses $157,851
  Administrative expenses $165,796
  Other expenses $0
Income in Excess of Expenses $375,876
Beginning Net Assets $171,662
Other Changes In Net Assets $0
Ending Net Assets $547,538
Total Liabilities $57,000
Total Assets $604,538

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 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 International Association of Better Business Bureaus.

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

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Report completed by:
BBB of Chicago & Northern Illinois