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Read Ministries Inc

Organization summary

Type of Nonprofit

Designated as a Organizations for any of the following purposes: religious, educational, charitable, scientific, literary, testing for public safety, fostering national or international amateur sports competition (as long as it doesn't provide athletic facilities or equipment), or the prevention of cruelty to children or animals.

Category: Religion-Related, Spiritual Development / Christian (NTEE)

Donations to this organization are tax deductible.

Summary charts: organization finances over time

Revenue
$502k (2023)

Expenses
$551k (2023)

Total Assets
$407k (2023)

Total Liabilities
$3.48k (2023)

Source: Form 990 tax filings from 2011 to 2023

Tax Filings by Year

Form 990 is an information return that most organizations claiming federal tax-exempt status must file yearly with the IRS. Nonprofit Explorer has IRS digitized Form 990 data for filings processed in 2012 and later. If this organization filed an amended return, it may not be reflected below. Duplicate download links may indicate a resubmission or amendment to this organization's original return. Form 990 data is from the IRS.

Fiscal Year Ending Dec.
2023

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$502,324
Expenses
$550,970
Net Income
-$48,646
Net Assets
$403,059
Notable Sources of Revenue Percent of Total Revenue
Contributions $523,772
> 100%
Program Services $0
Investment Income $4,065
0.8%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising -$25,513
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $96,038
17.4%
Professional Fundraising Fees $0
Other Salaries and Wages $84,137
15.3%
Assets/Debt
Total Assets $406,534
Total Liabilities $3,475
Net Assets $403,059
Compensation
Key Employees and Officers Compensation Related Other
Steven Eckert (Executive Director) $96,037 $0 $0
Mark Pound (Treasurer) $0 $0 $0
Rich Schoenert (Chairman) $0 $0 $0
David Melin (Board Member) $0 $0 $0
Volodymyr Degtyaryov (Board Member) $0 $0 $0
Todd Magnuson (Board Member) $0 $0 $0
Kim Pareigat (Board Member) $0 $0 $0
Rachel Anderson (Board Member) $0 $0 $0
Stephanie Yaeger (Board Member) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2022

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$874,610
Expenses
$714,392
Net Income
$160,218
Net Assets
$451,705
Notable Sources of Revenue Percent of Total Revenue
Contributions $873,363
99.9%
Program Services $0
Investment Income $1,025
0.1%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $222
0.0%
Notable Expenses Percent of Total Expenses
Executive Compensation $93,379
13.1%
Professional Fundraising Fees $0
Other Salaries and Wages $55,810
7.8%
Assets/Debt
Total Assets $457,365
Total Liabilities $5,660
Net Assets $451,705
Compensation
Key Employees and Officers Compensation Related Other
Steven Eckert (Executive Director) $93,379 $0 $0
Rich Schoenert (Chairman) $0 $0 $0
Mark Pound (Treasurer) $0 $0 $0
Volodymyr Degtyaryov (Board Member) $0 $0 $0
David Melin (Board Member) $0 $0 $0
Kim Pareigat (Board Member) $0 $0 $0
Todd Magnuson (Board Member) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2021

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$456,241
Expenses
$364,019
Net Income
$92,222
Net Assets
$291,487
Notable Sources of Revenue Percent of Total Revenue
Contributions $455,476
99.8%
Program Services $0
Investment Income $692
0.2%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $73
0.0%
Notable Expenses Percent of Total Expenses
Executive Compensation $88,800
24.4%
Professional Fundraising Fees $0
Other Salaries and Wages $43,461
11.9%
Assets/Debt
Total Assets $297,487
Total Liabilities $6,000
Net Assets $291,487
Compensation
Key Employees and Officers Compensation Related Other
Steven Eckert (Executive Director) $88,800 $0 $0
Mark Pound (Secretary/Treasurer) $0 $0 $0
Rich Schoenert (Chairman) $0 $0 $0
Volodymyr Degtyaryov (Board Member) $0 $0 $0
David Melin (Board Member) $0 $0 $0
Kim Pareigat (Board Member) $0 $0 $0
Todd Magnuson (Board Member) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2020

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$353,504
Expenses
$352,961
Net Income
$543
Net Assets
$199,265
Notable Sources of Revenue Percent of Total Revenue
Contributions $352,566
99.7%
Program Services $0
Investment Income $938
0.3%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $95,645
27.1%
Professional Fundraising Fees $0
Other Salaries and Wages $92,829
26.3%
Assets/Debt
Total Assets $203,621
Total Liabilities $4,356
Net Assets $199,265
Compensation
Key Employees and Officers Compensation Related Other
Steve Eckert (Executive Director) $95,646 $0 $0
Rich Schoenert (Chair) $0 $0 $0
Al Baas (Vice Chairman) $0 $0 $0
Mark Pound (Sec./Treas.) $0 $0 $0
Vladimir Degtyaryov (Director) $0 $0 $0
David Melin (Director) $0 $0 $0
Todd Magnuson (Director) $0 $0 $0
Kim Pareigat (Director) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2019

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$312,766
Expenses
$336,602
Net Income
-$23,836
Net Assets
$198,722
Notable Sources of Revenue Percent of Total Revenue
Contributions $311,267
99.5%
Program Services $0
Investment Income $1,499
0.5%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $150,116
44.6%
Assets/Debt
Total Assets $201,672
Total Liabilities $2,950
Net Assets $198,722
Compensation
Key Employees and Officers Compensation Related Other
Paul S Sanders (Chair) $0 $0 $0
Mark Pound (Secretary/Treasurer) $0 $0 $0
Rich Schoenert (Director) $0 $0 $0
Oksana Elsinger (Director) $0 $0 $0
Vladimir Degtyaryov (Director) $0 $0 $0
Al Baas (Director) $0 $0 $0
David Melin (Director) $0 $0 $0
Rollin Reasoner (Emeritus) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2018

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$386,647
Expenses
$325,682
Net Income
$60,965
Net Assets
$222,558
Notable Sources of Revenue Percent of Total Revenue
Contributions $385,572
99.7%
Program Services $0
Investment Income $1,075
0.3%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $132,313
40.6%
Assets/Debt
Total Assets $226,051
Total Liabilities $3,493
Net Assets $222,558
Compensation
Key Employees and Officers Compensation Related Other
Dr Paul Sanders (Chairman) $0 $0 $0
Rollin S Reasoner (Emeritus) $0 $0 $0
Oksana Elsinger (Director) $0 $0 $0
Al Baas (Director) $0 $0 $0
Dennis Eicher (Part Yr Sec/Tre) $0 $0 $0
Rich Schoenert (Director) $0 $0 $0
Kevin Barnhart (Part Yr Dir.) $0 $0 $0
David Melin (Director) $0 $0 $0
Vladimir Degtyaryov (Director) $0 $0 $0
Mark Pound (Sec/Treasurer) $0 $0 $0
Oscar Huerta (Part Yr Officer) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2017

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$257,607
Expenses
$274,750
Net Income
-$17,143
Net Assets
$161,593
Notable Sources of Revenue Percent of Total Revenue
Contributions $256,925
99.7%
Program Services $0
Investment Income $682
0.3%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $122,800
44.7%
Assets/Debt
Total Assets $154,356
Total Liabilities -$7,237
Net Assets $161,593
Compensation
Key Employees and Officers Compensation Related Other
Dr Paul Sanders (Chairman) $0 $0 $0
Rollin S Reasoner (Emeritus) $0 $0 $0
Oksana Elsinger (Director) $0 $0 $0
Al Baas (Director) $0 $0 $0
Dennis Eicher (Part Yr Sec/Tre) $0 $0 $0
Rich Schoenert (Director) $0 $0 $0
Kevin Barnhart (Director) $0 $0 $0
David Melin (Director) $0 $0 $0
Vladimir Degtyaryov (Director) $0 $0 $0
Mark Pound (Current Sec/Tre) $0 $0 $0
Oscar Huerta (Vice Chair) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2016

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$312,438
Expenses
$306,880
Net Income
$5,558
Net Assets
$178,736
Notable Sources of Revenue Percent of Total Revenue
Contributions $311,670
99.8%
Program Services $0
Investment Income $568
0.2%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $200
0.1%
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $81,867
26.7%
Assets/Debt
Total Assets $171,252
Total Liabilities -$7,484
Net Assets $178,736
Compensation
Key Employees and Officers Compensation Related Other
Dr Paul Sanders (Chairman) $0 $0 $0
Rollin S Reasoner (Emeritus) $0 $0 $0
Oksana Elsinger (Director) $0 $0 $0
Dennis Eicher (Sec/Tres.) $0 $0 $0
Rich Schoenert (Director) $0 $0 $0
Kevin Barnhart (Director) $0 $0 $0
Vladimir Degtyaryov (Director) $0 $0 $0
Mark Pound (Director) $0 $0 $0
Oscar Huerta (Vice Chair) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2015

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$360,262
Expenses
$303,246
Net Income
$57,016
Net Assets
$173,178
Notable Sources of Revenue Percent of Total Revenue
Contributions $360,098
100.0%
Program Services $0
Investment Income $164
0.0%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $185,670
Total Liabilities $12,492
Net Assets $173,178
Other
Reported conflict of interest transactions
Compensation
Key Employees and Officers Compensation Related Other
Dr Paul Sanders (Chairman) $0 $0 $0
Rollin S Reasoner (Emeritus) $0 $0 $0
George W Johnson (Emeritus) $0 $0 $0
Neil I Whitehouse (Tres / Sec.) $0 $0 $0
Dennis Eicher (Director) $0 $0 $0
Rich Schoenert (Director) $0 $0 $0
Kevin Barnhart (Director) $0 $0 $0
Jim Capaldo (Director) $0 $0 $0
Steve Wooden (Director) $0 $0 $0
Oscar Huerta (Vice Chair) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2014

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$249,549
Expenses
$263,779
Net Income
-$14,230
Net Assets
$116,162
Notable Sources of Revenue Percent of Total Revenue
Contributions $249,214
99.9%
Program Services $0
Investment Income $185
0.1%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $150
0.1%
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $130,589
Total Liabilities $14,427
Net Assets $116,162
Compensation
Key Employees and Officers Compensation Related Other
Dr Paul Sanders (Chairman) $0 $0 $0
Rollin S Reasoner (Emeritus) $0 $0 $0
George W Johnson (Emeritus) $0 $0 $0
Neil I Whitehouse (Tres / Sec.) $0 $0 $0
Dennis Eicher (Director) $0 $0 $0
Rich Schoenert (Director) $0 $0 $0
Paula Harer (Director) $0 $0 $0
David Johnson (Director) $0 $0 $0
Jim Capaldo (Director) $0 $0 $0
Steve Wooden (Director) $0 $0 $0
Oscar Huerta (Vice Chair) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2013

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$305,928
Expenses
$279,793
Net Income
$26,135
Net Assets
$130,392
Notable Sources of Revenue Percent of Total Revenue
Contributions $305,689
99.9%
Program Services $0
Investment Income $239
0.1%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $130,986
Total Liabilities $594
Net Assets $130,392
Other
Reported conflict of interest transactions
Compensation
Key Employees and Officers Compensation Related Other
Dr Paul Sanders (Chairman) $0 $0 $0
Rollin S Reasoner (Director) $0 $0 $0
George W Johnson (Secretary) $0 $0 $0
Neil I Whitehouse (Treasurer) $0 $0 $0
Dennis Eicher (Director) $0 $0 $0
Rich Schoenert (Director) $0 $0 $0
Paula Harer (Director) $0 $0 $0
David Johnson (Director) $0 $0 $0
Steve Wooden (Director) $0 $0 $0
Oscar Huerta (Vice Chair) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2012

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$298,588
Expenses
$294,881
Net Income
$3,707
Net Assets
$104,257
Notable Sources of Revenue Percent of Total Revenue
Contributions $298,153
99.9%
Program Services $0
Investment Income $435
0.1%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $104,369
Total Liabilities $112
Net Assets $104,257

Document Links

Fiscal Year Ending Dec.
2011

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$305,601
Expenses
$330,991
Net Income
-$25,390
Net Assets
$100,550
Notable Sources of Revenue Percent of Total Revenue
Contributions $304,934
99.8%
Program Services $0
Investment Income $667
0.2%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $100,772
Total Liabilities $222
Net Assets $100,550

Document Links

Fiscal Year Ending Dec.
2010

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Dec.
2009

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Dec.
2008

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Dec.
2007

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Dec.
2006

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Dec.
2005

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Dec.
2004

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Dec.
2003

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

About This Data

Nonprofit Explorer includes summary data for nonprofit tax returns and full Form 990 documents, in both PDF and digital formats.

The summary data contains information processed by the IRS during the 2012-2019 calendar years; this generally consists of filings for the 2011-2018 fiscal years, but may include older records. This data release includes only a subset of what can be found in the full Form 990s.

In addition to the raw summary data, we link to PDFs and digital copies of full Form 990 documents wherever possible. This consists of separate releases by the IRS of Form 990 documents processed by the agency, which we update regularly.

We also link to copies of audits nonprofit organizations that spent $750,000 or more in Federal grant money in a single fiscal year since 2016. These audits are copied from the Federal Audit Clearinghouse.

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Nonprofit Explorer has organizations claiming tax exemption in each of the 27 subsections of the 501(c) section of the tax code, and which have filed a Form 990, Form 990EZ or Form 990PF. Taxable trusts and private foundations that are required to file a form 990PF are also included. Small organizations filing a Form 990N "e-Postcard" are not included in this data.

Types of Nonprofits

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