Read2Record Inc.

Introduction Read2Record Inc. is a U.S. nonprofit organization recognized by the Internal Revenue Service (IRS) with the Employer Identification Number (EIN) 922970106.

Overview

As a nonprofit, Read2Record Inc. does not have owners or shareholders, and its purpose is to serve a public benefit mission. Like other nonprofits, it relies on donations and grants to support its activities, aiming to utilize these funds effectively without distributing profits to individuals.

Purpose

The specific mission or purpose of Read2Record Inc. is not detailed in widely available public records. However, as a nonprofit, it is likely involved in educational, community service, or literacy initiatives based on its name, which suggests a focus on reading and recording activities.

Governance

Nonprofit organizations, including Read2Record Inc., typically have a board of directors responsible for governance, strategy, and ensuring the organization adheres to ethical and legal standards. The board may be composed of volunteers who oversee the organization's financial management and ensure it aligns with its mission.

Operations

Nonprofits like Read2Record Inc. often leverage volunteers alongside any paid staff to achieve their objectives. They may engage in fundraising activities, manage resources efficiently, and provide services in line with their public benefit mission.

Tax Status

As a tax-exempt organization, Read2Record Inc. likely operates under a classification such as 501(c)(3), which enables donors to receive tax deductions for their contributions and allows the organization to avoid federal corporate income tax on its exempt purposes. However, specific details about its tax status would require verification through official IRS channels.

Community Impact

The impact of Read2Record Inc. on the community depends on its specific programs and services. Nonprofits generally aim to create positive change through their activities, whether in education, health, arts, or social welfare sectors.

Financial Management

Read2Record Inc., like other nonprofits, would need to file annual reports (such as Form 990) with the IRS, providing financial information about its income, expenses, and assets. This ensures transparency and compliance with nonprofit regulations.

Conclusion

Read2Record Inc. operates as a nonprofit organization in the U.S., focused on serving a public benefit mission. Its specific activities and successes would depend on its strategy, governance, and community engagement.

[1] https://www.sos.wa.gov/sites/default/files/2023-07/Starting_a_Nonprofit_in_WA_Guide_2023.pdf [2] https://libguides.csusm.edu/c.php?g=1226437&p=9776410 [3] https://www.jitasagroup.com/jitasa_nonprofit_blog/w9-for-nonprofits/ [4] https://www.councilofnonprofits.org/running-nonprofit/governance-leadership/board-roles-and-responsibilities [5] https://www.guidestar.org/search