Totals
- Total revenue
- $2,698,392
- Total expenses
- $2,673,772
- Contributions and grants received
- $2,689,224
- Grants paid
- $0
- Program service revenue
- $0
- Investment income
- $15,138
- Other revenue
- -$5,970
- Total assets, end of year
- $1,915,436
- Total liabilities, end of year
- $611,722
- Net assets or fund balances, end of year
- $1,303,714
- Program services expenses (Part IX)
- $2,340,505
- Management and general expenses
- $258,105
- Fundraising expenses
- $75,162
- Program service expenses (Part III)
- $2,340,505
Program services were 87.5% 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.
-
1c · Fundraising events
$23,370
-
1e · Government grants (contributions)
$1,937,292
-
1f · All other contributions, gifts and grants
$728,562
-
3 · Investment income
total $13,729 · excluded $13,729
-
7a · Gross sales of assets other than inventory
securities $1,409
-
7b · Less cost or other basis and sales expenses
securities $0
-
7c · Gain or loss
securities $1,409
-
7d · Net gain or loss
total $1,409 · excluded $1,409
-
8a · Fundraising events: gross income
$26,080
-
8a · Fundraising events: contributions included on line 1c
$23,370
-
8b · Fundraising events: direct expenses
$32,050
-
8c · Net income from fundraising events
total -$5,970 · excluded -$5,970
Functional expenses
Part IX, the statement of functional expenses.
-
5 · Compensation of officers, directors and key employees
total $120,000 · program services $102,000 · management and general $12,000 · fundraising $6,000
-
7 · Other salaries and wages
total $1,383,662 · program services $1,225,866 · management and general $123,331 · fundraising $34,465
-
9 · Other employee benefits
total $202,043 · program services $179,775 · management and general $18,030 · fundraising $4,238
-
11a · Fees: management
total $212,805 · program services $212,805
-
11c · Fees: accounting
total $47,200 · management and general $47,200
-
11f · Fees: investment management
total $5,241 · management and general $5,241
-
13 · Office expenses
total $14,007 · program services $11,644 · management and general $1,193 · fundraising $1,170
-
16 · Occupancy
total $36,202 · program services $24,332 · management and general $2,613 · fundraising $9,257
-
19 · Conferences, conventions and meetings
total $12,693 · program services $11,294 · management and general $1,133 · fundraising $266
-
22 · Depreciation, depletion and amortization
total $7,848 · program services $7,241 · management and general $607
-
24a · Other expenses: BOOKS/SUPPLIES
total $556,795 · program services $514,809 · management and general $30,241 · fundraising $11,745
-
24b · Other expenses: CONTRACT LABOR
total $42,250 · program services $42,250
-
24c · Other expenses: MISCELLANEOUS
total $18,401 · program services $8,489 · management and general $1,891 · fundraising $8,021
-
24d · Other expenses: BAD DEBT
total $14,625 · management and general $14,625
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $185,612 · end of year $439,123
-
4 · Accounts receivable
beginning of year $377,125 · end of year $666,888
-
9 · Prepaid expenses and deferred charges
beginning of year $25,702 · end of year $18,263
-
10a · Land, buildings and equipment: cost or other basis
$122,410
-
10b · Land, buildings and equipment: accumulated depreciation
$73,567
-
10c · Land, buildings and equipment, net
beginning of year $14,032 · end of year $48,843
-
11 · Investments: publicly traded securities
beginning of year $641,447 · end of year $708,344
-
15 · Other assets
beginning of year $12,736 · end of year $33,975
-
17 · Accounts payable and accrued expenses
beginning of year $34,560 · end of year $52,469
-
23 · Secured mortgages and notes payable
end of year $525,278
-
25 · Other liabilities
beginning of year $0 · end of year $33,975
-
27 · Net assets without donor restrictions
beginning of year $977,094 · end of year $1,118,714
-
28 · Net assets with donor restrictions
beginning of year $245,000 · end of year $185,000
Mission and programs · 2022
Mission
TO MOBILIZE THE COMMUNITY TO MAXIMIZE THE IMPACT OF LITERACY AND LEARNING SERVICES TO ALL SEGMENTS OF THE COMMUNITY.
Activities or mission (Part I)
TO PROVIDE ACCESS TO LITERACY RESOURCES FOR LEARNERS OF ALL AGES AND BACKGROUNDS.
-
READING AND TUTORING PROGRAMS IN THE MID-SOUTH.
Expenses $2,340,505
As filed on the 2022 return.
Listed in Part VII
-
Dr Chandra AlstonDR CHANDRA ALSTON
CHAIR
- Total calculated
- $0
- Hours/week
- 1
-
Katherine BryanKATHERINE BRYAN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
John BarkerJOHN BARKER
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Crystal CookCRYSTAL COOK
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Edith GnanadassEDITH GNANADASS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Dr Jeanne Hermann-PetrinDR JEANNE HERMANN-PETRIN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Erin HillisERIN HILLIS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Shenika HudsonSHENIKA HUDSON
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Laurie MacgillivrayLAURIE MACGILLIVRAY
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
John NicholsJOHN NICHOLS
SECRETARY
- Total calculated
- $0
- Hours/week
- 1
-
Patrice ThomasPATRICE THOMAS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Marc Van LieshoutMARC VAN LIESHOUT
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Herb WellsHERB WELLS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Tim StakemTIM STAKEM
TREASURER
- Total calculated
- $0
- Hours/week
- 1
-
Sam O'BryantSAM O'BRYANT
EXECUTIVE DIRECTOR
- Total calculated
- $114,382
- From this org
- $114,382
- From related orgs
- $0
- Other
- $0
- Hours/week
- 40
-
Cherhonda Mason-AyersCHERHONDA MASON-AYERS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Dana MigliaccioDANA MIGLIACCIO
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Meghan CullenMEGHAN CULLEN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Ashley JohnsonASHLEY JOHNSON
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Chandra TuggleCHANDRA TUGGLE
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
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
- 2022
- Filed
- 23 January 2024
- IRS schema version
- 2022v5.0
- Source object
- 202400269349300820
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