Read Foundation
Donations deductibleRevenue
$24.1m
year to 30 June 2025
Expenses
$23m
year to 30 June 2025
Total assets
$37.7m
$20.7m liabilities
Net assets
$17m
assets less liabilities
Directors and trustees
6
6.9y av
Staff
264
employees, year to 30 June 2025
Left since last filing
0
no seats appear to have opened
Officers and senior staff
3
named in Part VII
Read Foundation's network
6 peoplei6 people on this map.The large node is the subject of this page. Solid lines are what the register itself records (6). Form 990 filings give names without a person identifier; SEC insider filings carry a CIK.The board
6 listediTime on the board is observed from the annual filings: the IRS files no appointment date, so the bar counts years from the first filing the person appears on - a lower bound, not a filed start date. Names are exactly as filed. The IRS publishes no person identifier, so this edition does not yet link a person across organisations.Tenure and departures are observed across annual filings. Observed tenure is a lower bound - a member may have joined before the first year on record. The organisation reported 6 voting members of its governing body on its latest Form 990 Part VI, which matches the board listed here.| Name | Role as filed | Since | On the board |
|---|---|---|---|
| Dr CEM Akkus | Board Member | 2019 | 7 yrs |
| Dr David C Akdemir | Board Member | 2019 | 7 yrs |
| Dr Ismail Fidan | Company secretary | 2022 | 4 yrs |
| Dr Richard E Potts (also filed as Dr Richard Potts) | President | 2019 | 7 yrs |
| Patty Farmer | Treasurer | 2019 | 7 yrs |
| Veda V T Cherry (also filed as Veda VT Cherry) | Vice-President | 2019 | 7 yrs |
Under 5 years5 to 6 years6 years or more
Officers and senior leadership
3 listediNamed in Part VII as officers, key employees or highest-compensated staff - not board members, shown for completeness.| Name | Title as filed | On the filings |
|---|---|---|
| Mugire Ayci | Asst. Exec Director | 2024 |
| Muhammet Turkay | Executive Director | since 2019 |
| Samuel Beyhan | Exec Director-Incoming | since 2022 |
Pay and hours
year to 30 June 2025iFrom Part VII of the Form 990: compensation reported for each officer, director, trustee, key employee and highest-paid staff member, and the average hours a week they report. Most board members are unpaid; a blank means nothing was reported. Pay from related organisations is shown separately.| Name | Title as filed | Hours a week | Pay from the organisation | Related organisations | Other |
|---|---|---|---|---|---|
| Samuel Beyhan | Executive Director | 40 | $120k | $32k | |
| Mugire Ayci | Assistant Executive Director | 40 | $105k | $29k | |
| Dr Richard E Potts | President | 2 | $0 | ||
| Patty Farmer | Treasury | 2 | $0 | ||
| Veda V T Cherry | Vice President | 2 | $0 | ||
| Dr Ismail Fidan | Secretary / Member | 2 | $0 | ||
| Dr David Akdemir | Member | 2 | $0 | ||
| Dr Cem Akkus | Member | 2 | $0 |
About
- Legal name
- Read Foundation
- EIN
- 943487601
- Address
- 8364 Macon Rd, Cordova, TN, 38018-8554
- State
- Tennessee
- Mission
- (as filed on the Form 990)
- Activity (NTEE)
- B99 Education
- IRS classification
- 501(c)03 (tax-exempt under section 501(c)(3) where shown)
- Classified purpose
- Education
- Size band
- 8 (IRS master file code)
- Formed
- 2009
- Principal officer
- Dr Samuel Beyhan (as named on the Form 990)
- IRS ruling date
- 1 December 2009
- Status
- Code 01 (unconditional exemption)
- Form 990 filings on record
- 6, latest 2024
- IRS Publication 78
- PC (contributions deductible)
Most connected
Longest observed on the filings
≥7years on the filingsDr CEM Akkus
≥7years on the filingsDr David C Akdemir
≥7years on the filingsDr Richard E Potts
≥7years on the filingsPatty Farmer
Latest return
year to 30 June 2025iFigures from the newest Form 990 or 990-EZ in the IRS e-file releases of 2025 and 2026, for the year ending 30 June 2025. US dollars, as filed.- Total assets
- $37.7m
- Total liabilities
- $20.7m
- Net assets or fund balances
- $17m
- Contributions and grants received
- $1.5m
- Program service revenue
- $22.2m
- Employees
- 264