The Reading 1 Foundation

Chagrin Falls, OH
Tax-exempt since Jan. 2001
EIN: 34-7129352

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Type of Nonprofit

Designated as a 501(c)(3) 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: Philanthropy, Voluntarism and Grantmaking Foundations / Private Grantmaking Foundations (NTEE)

Donations to this organization are tax deductible.

Revenue

$73.5k (2025)

Expenses

$227k (2025)

Total Assets

$3.61M (2025)

Total Liabilities

$0 (2025)

Years with missing data

Source: Form 990 tax filings from 2011 to 2025

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 Nov.
2025

Revenue

$73,546

Expenses

$226,935

Net Income

-$153,389

Net Assets

$3,610,658

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$2,800	3.8%
Interest Revenue	$1,487	2.0%
Dividends	$48,085	65.4%
Sales of Assets	$21,174	28.8%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$198,500	87.5%
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$3,610,658
Total Liabilities	$0
Net Assets	$3,610,658

Compensation

Key Employees and Officers	Compensation	Other
Sally Reddig Schulze (Trustee)	$0	$0

990-PF

Filed on Jan. 24, 2026

Primary tax return for a private foundation's activities, finances, and governance

View Filing

Schedules ▼

XML

Fiscal Year Ending Nov.
2024

Revenue

$209,821

Expenses

$261,760

Net Income

-$51,939

Net Assets

$3,590,436

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$2,982	1.4%
Dividends	$42,479	20.2%
Sales of Assets	$164,360	78.3%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$235,000	89.8%
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$3,590,436
Total Liabilities	$0
Net Assets	$3,590,436

Compensation

Key Employees and Officers	Compensation	Other
Sally Reddig Schulze (Trustee)	$0	$0

990-PF

Filed on Jan. 23, 2025

Primary tax return for a private foundation's activities, finances, and governance

View Filing

Schedules ▼

XML

Fiscal Year Ending Nov.
2023

Revenue

$303,717

Expenses

$85,320

Net Income

$218,397

Net Assets

$2,794,641

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$2,673	0.9%
Dividends	$42,972	14.1%
Sales of Assets	$258,072	85.0%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$60,000	70.3%
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$2,794,641
Total Liabilities	$0
Net Assets	$2,794,641

Compensation

Key Employees and Officers	Compensation	Other
Sally Reddig Schulze (Trustee)	$0	$0

990-PF

Filed on Jan. 26, 2024

Primary tax return for a private foundation's activities, finances, and governance

View Filing

Schedules ▼

PDF XML

Fiscal Year Ending Nov.
2022

Revenue

$166,761

Expenses

$160,741

Net Income

$6,020

Net Assets

$2,773,278

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$2,500	1.5%
Interest Revenue	$198	0.1%
Dividends	$41,880	25.1%
Sales of Assets	$122,183	73.3%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$135,000	84.0%
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$2,773,278
Total Liabilities	$0
Net Assets	$2,773,278

Compensation

Key Employees and Officers	Compensation	Other
Sally Reddig Schulze (Trustee)	$0	$0

990-PF

Filed on Jan. 27, 2023

Primary tax return for a private foundation's activities, finances, and governance

View Filing

Schedules ▼

PDF XML

Fiscal Year Ending Nov.
2021

Revenue

$123,623

Expenses

$243,776

Net Income

-$120,153

Net Assets

$3,254,818

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$2,500	2.0%
Interest Revenue	$1,778	1.4%
Dividends	$31,112	25.2%
Sales of Assets	$88,233	71.4%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$217,500	89.2%
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$3,254,818
Total Liabilities	$0
Net Assets	$3,254,818

Compensation

Key Employees and Officers	Compensation	Other
Sally Reddig Schulze (Trustee)	$0	$0

990-PF

Filed on Jan. 27, 2022

Primary tax return for a private foundation's activities, finances, and governance

View Filing

Schedules ▼

PDF XML

Fiscal Year Ending Nov.
2020

Revenue

-$109,337

Expenses

$135,637

Net Income

-$244,974

Net Assets

$2,909,385

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$2,500
Interest Revenue	$2,532
Dividends	$41,110
Sales of Assets	$0
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$110,500	81.5%
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$2,909,386
Total Liabilities	$1
Net Assets	$2,909,385

Compensation

Key Employees and Officers	Compensation	Other
Sally Reddig Schulze (Trustee)	$0	$0

990-PF

Filed on Feb. 1, 2021

Primary tax return for a private foundation's activities, finances, and governance

View Filing

Schedules ▼

PDF XML

Fiscal Year Ending Nov.
2019

Revenue

$11,662

Expenses

$57,947

Net Income

-$46,285

Net Assets

$2,934,523

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$2,500	21.4%
Interest Revenue	$588	5.0%
Dividends	$44,780	> 100%
Sales of Assets	$0
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$33,000	56.9%
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$2,934,523
Total Liabilities	$0
Net Assets	$2,934,523

990-PF

Primary tax return for a private foundation's activities, finances, and governance

PDF

Fiscal Year Ending Nov.
2018

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

990-PF

Primary tax return for a private foundation's activities, finances, and governance

PDF

Fiscal Year Ending Nov.
2017

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

990-PF

Primary tax return for a private foundation's activities, finances, and governance

PDF

Fiscal Year Ending Nov.
2016

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

990-PF

Primary tax return for a private foundation's activities, finances, and governance

PDF

Fiscal Year Ending Nov.
2015

Revenue

$239,286

Expenses

$184,224

Net Income

$55,062

Net Assets

$2,245,390

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$2,700	1.1%
Interest Revenue	$30	0.0%
Dividends	$47,462	19.8%
Sales of Assets	$189,094	79.0%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$157,500	85.5%
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$2,245,390
Total Liabilities	$0
Net Assets	$2,245,390

990-PF

Primary tax return for a private foundation's activities, finances, and governance

PDF

Fiscal Year Ending Nov.
2014

Revenue

$163,516

Expenses

$315,277

Net Income

-$151,761

Net Assets

$2,508,632

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$48	0.0%
Dividends	$45,338	27.7%
Sales of Assets	$118,130	72.2%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$287,500	91.2%
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$2,508,632
Total Liabilities	$0
Net Assets	$2,508,632

990-PF

Primary tax return for a private foundation's activities, finances, and governance

PDF

Fiscal Year Ending Nov.
2013

Revenue

$61,829

Expenses

$105,286

Net Income

-$43,457

Net Assets

$2,594,863

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$2,500	4.0%
Interest Revenue	$166	0.3%
Dividends	$45,417	73.5%
Sales of Assets	$13,746	22.2%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$77,000	73.1%
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$2,594,863
Total Liabilities	$0
Net Assets	$2,594,863

990-PF

Primary tax return for a private foundation's activities, finances, and governance

PDF

Fiscal Year Ending Nov.
2012

Revenue

$156,128

Expenses

$166,133

Net Income

-$10,005

Net Assets

$2,333,310

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$2,700	1.7%
Interest Revenue	$0
Dividends	$43,244	27.7%
Sales of Assets	$110,184	70.6%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$139,000	83.7%
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$2,333,310
Total Liabilities	$0
Net Assets	$2,333,310

990-PF

Primary tax return for a private foundation's activities, finances, and governance

PDF

Fiscal Year Ending Nov.
2011

Revenue

$61,786

Expenses

$61,002

Net Income

$784

Net Assets

$2,234,333

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$65	0.1%
Dividends	$42,550	68.9%
Sales of Assets	$19,171	31.0%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$34,000	55.7%
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$2,234,333
Total Liabilities	$0
Net Assets	$2,234,333

990-PF

Primary tax return for a private foundation's activities, finances, and governance

PDF

Fiscal Year Ending Nov.
2010

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

990-PF

Primary tax return for a private foundation's activities, finances, and governance

PDF

Fiscal Year Ending Nov.
2009

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

990-PF

Primary tax return for a private foundation's activities, finances, and governance

PDF

Fiscal Year Ending Nov.
2008

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

990-PF

Primary tax return for a private foundation's activities, finances, and governance

PDF

Fiscal Year Ending Nov.
2007

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

990-PF

Primary tax return for a private foundation's activities, finances, and governance

PDF

Fiscal Year Ending Nov.
2006

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

990-PF

Primary tax return for a private foundation's activities, finances, and governance

PDF

Fiscal Year Ending Nov.
2005

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

990-PF

Primary tax return for a private foundation's activities, finances, and governance

PDF

Fiscal Year Ending Nov.
2004

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

990-PF

Primary tax return for a private foundation's activities, finances, and governance

PDF

Fiscal Year Ending Nov.
2003

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

990-PF

Primary tax return for a private foundation's activities, finances, and governance

PDF

Fiscal Year Ending Nov.
2002

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

990-PF

Primary tax return for a private foundation's activities, finances, and governance

PDF

Fiscal Year Ending Nov.
2001

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

990-PF

Primary tax return for a private foundation's activities, finances, and governance

PDF

About This Data

What Is 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.

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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.

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Updated March 23, 2026

The Reading 1 Foundation

Organization summary

Type of Nonprofit

Summary charts: organization finances over time

Revenue $73.5k (2025)

Expenses $227k (2025)

Total Assets $3.61M (2025)

Total Liabilities $0 (2025)

Tax Filings by Year

Fiscal Year Ending Nov. 2025

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Nov. 2024

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Nov. 2023

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Nov. 2022

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Nov. 2021

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Nov. 2020

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Nov. 2019

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Document Links

990-PF

Fiscal Year Ending Nov. 2018

No Extracted Financial Data

Document Links

990-PF

Fiscal Year Ending Nov. 2017

No Extracted Financial Data

Document Links

990-PF

Fiscal Year Ending Nov. 2016

No Extracted Financial Data

Document Links

990-PF

Fiscal Year Ending Nov. 2015

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Document Links

990-PF

Fiscal Year Ending Nov. 2014

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Document Links

990-PF

Fiscal Year Ending Nov. 2013

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Document Links

990-PF

Fiscal Year Ending Nov. 2012

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Revenue

$73.5k (2025)

Expenses

$227k (2025)

Total Assets

$3.61M (2025)

Total Liabilities

$0 (2025)

Fiscal Year Ending Nov.
2025

Fiscal Year Ending Nov.
2024

Fiscal Year Ending Nov.
2023

Fiscal Year Ending Nov.
2022

Fiscal Year Ending Nov.
2021

Fiscal Year Ending Nov.
2020

Fiscal Year Ending Nov.
2019

Fiscal Year Ending Nov.
2018

Fiscal Year Ending Nov.
2017

Fiscal Year Ending Nov.
2016

Fiscal Year Ending Nov.
2015

Fiscal Year Ending Nov.
2014

Fiscal Year Ending Nov.
2013

Fiscal Year Ending Nov.
2012

Fiscal Year Ending Nov.
2011

Fiscal Year Ending Nov.
2010

Fiscal Year Ending Nov.
2009

Fiscal Year Ending Nov.
2008

Fiscal Year Ending Nov.
2007

Fiscal Year Ending Nov.
2006

Fiscal Year Ending Nov.
2005

Fiscal Year Ending Nov.
2004

Fiscal Year Ending Nov.
2003

Fiscal Year Ending Nov.
2002

Fiscal Year Ending Nov.
2001