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Nonprofiteer
← LITERACY VOLUNTEERS OF THE NEW RIVER VALLEY

Form 990 for tax year 2024

Filed by LITERACY VOLUNTEERS OF THE NEW RIVER VALLEY.

Totals

Total revenue
$246,399
Total expenses
$261,916
Contributions and grants received
$176,006
Grants paid
$0
Program service revenue
$0
Investment income
$3,056
Other revenue
$67,337
Total assets, end of year
$175,797
Total liabilities, end of year
$1,025
Net assets or fund balances, end of year
$174,772
Program services expenses (Part IX)
$210,268
Management and general expenses
$37,465
Fundraising expenses
$14,183
Program service expenses (Part III)
$210,268

Program services were 80.3% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1e · Government grants (contributions)

    $18,081

  • 1f · All other contributions, gifts and grants

    $157,925

  • 3 · Investment income

    total $3,056 · excluded $3,056

  • 8a · Fundraising events: gross income

    $67,337

  • 8c · Net income from fundraising events

    total $67,337

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $52,400 · program services $41,920 · management and general $7,860 · fundraising $2,620

  • 7 · Other salaries and wages

    total $149,116 · program services $119,294 · management and general $22,367 · fundraising $7,455

  • 10 · Payroll taxes

    total $16,675 · program services $13,340 · management and general $2,501 · fundraising $834

  • 11c · Fees: accounting

    total $4,979 · program services $4,232 · management and general $747

  • 11g · Fees: other

    total $3,483 · program services $209 · fundraising $3,274

  • 13 · Office expenses

    total $21,534 · program services $19,606 · management and general $1,928

  • 16 · Occupancy

    total $9,065 · program services $7,705 · management and general $1,360

  • 19 · Conferences, conventions and meetings

    total $1,218 · program services $1,035 · management and general $183

  • 23 · Insurance

    total $2,994 · program services $2,545 · management and general $449

  • 24a · Other expenses: MEMBERSHIPS-DUES

    total $452 · program services $382 · management and general $70

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $76,940 · end of year $86,985

  • 2 · Savings and temporary cash investments

    beginning of year $116,417 · end of year $88,812

  • 17 · Accounts payable and accrued expenses

    beginning of year $292 · end of year $384

  • 25 · Other liabilities

    beginning of year $2,776 · end of year $641

  • 27 · Net assets without donor restrictions

    beginning of year $20,118 · end of year $174,772

  • 28 · Net assets with donor restrictions

    beginning of year $170,171

Mission and programs · 2024

Mission

TO FOSTER, SUPPORT, ADVOCATE FOR, AND INSTRUCT ADULTS IN THE NEW RIVER VALLEY WHO SEEK OPPORTUNITIES TO ACHIEVE GREATER INDEPENDENCE THROUGH LITERACY.

  • PROVIDE BASIC LITERACY INSTRUCTION TO ADULTS THROUGH A NETWORK OF BOTH PAID AND VOLUNTEER INSTRUCTORS AT LOCATIONS THROUGHOUT THE NEW RIVER VALLEY OF VIRGINIA.

    Expenses $210,268

As filed on the 2024 return.

Listed in Part VII

  • ELIZABETH SENSABAUGH

    BOARD PRESID

    Total calculated
    $0
    Hours/week
    2

  • JANE SWING

    BOARD VICE P

    Total calculated
    $0
    Hours/week
    1

  • KARIM KHAN

    TREASURER

    Total calculated
    $0
    Hours/week
    1

  • YVONNE THAYER

    SECRETARY

    Total calculated
    $0
    Hours/week
    1

  • PAUL COUGHLIN

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • LOIS DAVIS

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • PATRICK FORD

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • ALLISON LONG

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • BRITTANY SHELTON

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • LISA THOMPSON

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • ELIZABETH TOWSON

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • SALLY WARBURTON

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • RHONDA WHALING

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • VIRGINIA AYERS

    EXECUTIVE DI

    Total calculated
    $54,415
    From this org
    $54,415
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those.

Grants on this return

No itemized grants to organizations on this return.

Provenance

Return type
form_990
Tax year
2024
Filed
22 December 2025
IRS schema version
2024v5.0
Source object
202543579349300404

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