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← VIRGINIA LITERACY FOUNDATION

Form 990 for tax year 2023

Filed by VIRGINIA LITERACY FOUNDATION.

Totals

Total revenue
$692,758
Total expenses
$595,896
Contributions and grants received
$685,956
Grants paid
$109,450
Program service revenue
$0
Investment income
$6,424
Other revenue
$378
Total assets, end of year
$969,254
Total liabilities, end of year
$142,964
Net assets or fund balances, end of year
$826,290
Program services expenses (Part IX)
$552,651
Management and general expenses
$38,171
Fundraising expenses
$5,074
Program service expenses (Part III)
$552,651

Program services were 92.7% 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)

    $200,000

  • 1f · All other contributions, gifts and grants

    $485,956

  • 3 · Investment income

    total $6,424 · excluded $6,424

  • 11a · Other revenue: OTHER

    total $378 · related or exempt $378

  • 11e · Other revenue, total

    $378

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $109,450 · program services $109,450

  • 7 · Other salaries and wages

    total $215,222 · program services $189,395 · management and general $21,522 · fundraising $4,305

  • 8 · Pension plan contributions

    total $2,646 · program services $2,646

  • 9 · Other employee benefits

    total $21,876 · program services $19,249 · management and general $2,188 · fundraising $439

  • 10 · Payroll taxes

    total $16,464 · program services $14,488 · management and general $1,646 · fundraising $330

  • 11c · Fees: accounting

    total $4,722 · management and general $4,722

  • 16 · Occupancy

    total $3,748 · program services $2,811 · management and general $937

  • 20 · Interest

    total $890 · program services $668 · management and general $222

  • 22 · Depreciation, depletion and amortization

    total $4,880 · program services $3,660 · management and general $1,220

  • 24a · Other expenses: LITERACY PROGRAMS

    total $210,284 · program services $210,284

  • 24b · Other expenses: MISCELLANEOUS

    total $5,714 · management and general $5,714

Balance sheet

Part X, book values.

  • 2 · Savings and temporary cash investments

    beginning of year $860,726 · end of year $949,017

  • 3 · Pledges and grants receivable

    end of year $6,077

  • 9 · Prepaid expenses and deferred charges

    beginning of year $1,206 · end of year $1,232

  • 10a · Land, buildings and equipment: cost or other basis

    $25,081

  • 10b · Land, buildings and equipment: accumulated depreciation

    $12,153

  • 10c · Land, buildings and equipment, net

    beginning of year $0 · end of year $12,928

  • 17 · Accounts payable and accrued expenses

    beginning of year $17,507 · end of year $16,988

  • 19 · Deferred revenue

    beginning of year $115,000 · end of year $110,000

  • 24 · Unsecured notes and loans payable

    end of year $15,976

  • 27 · Net assets without donor restrictions

    beginning of year $721,522 · end of year $818,387

  • 28 · Net assets with donor restrictions

    beginning of year $7,903 · end of year $7,903

Mission and programs · 2023

Mission

THE FOUNDATION'S PURPOSE IS TO PROMOTE LITERACY AMOUNG THE RESIDENTS OF VIRGINIA BY SUPPORTING PUBLIC LITERACY PROGRAMS, ENHANCING LITERACY INITIATIVES AND ENCOURAGING STATEWIDE LITERACY AWARENESS, AND TO MAKE GRANTS AND AID TO SUPPORT THIS GOAL.

Activities or mission (Part I)

PROMOTE LITERACY AMOUNG VIRGINIA RESIDENTS BY SUPPORTING PUBLIC LITERACY PROGRAMS, ENHANCING, PRIVATE SECTOR LITERACY INITIATIVES; AND ENCOURAGING STATEWIDE LITERACY AWARENESS

  • PROMOTE LITERACY AMOUNG VIRGINIA RESIDENTS BY SUPPORTING PUBLIC LTERACY PROGRAMS, ENHANCING PRIVATE SECTOR LITERACY INITIATIVES AND ENCOURAGIN STATEWIDE LITERACY AWARENESS.

    Expenses $552,651 · Grants $109,450

As filed on the 2023 return.

Listed in Part VII

  • Jeannie Baliles

    CHAIRPERSON

    Total calculated
    $0
    Hours/week
    2

  • Ruth Hazel

    VICE CHAIRPERSON

    Total calculated
    $0
    Hours/week
    2

  • Troilen Gainey Seward

    TREASURER

    Total calculated
    $0
    Hours/week
    2

  • Jeffrey Holland

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • Marcy Sims

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • Heidi Silver-Parcuilla

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • Deborah L Speece

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • Malinda Langford

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • Ronald Robertson

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • Victoire Sanborn

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

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

  • LOUDOUN LITERACY COUNCIL

    $7,500

    LITERACY EFFORTS

  • LITERACY FOR LIFE

    $7,500

    LITERACY EFFORTS

  • UNITED COMMUNITY MINISTRIES

    $7,500

    LITERACY EFFORTS

  • BLUE RIDGE LITERACY

    $7,500

    LITERACY EFFORTS

  • LITERACY VOLUNTEERS OF THE NEW RIVER VALLEY

    $7,500

    LITERACY EFFORTS

  • LITERACY VOLUNTEERS OF WINCHESTER

    $7,500

    LITTERACY EFFORTS

  • BEACON FOR ADULT LITERACY

    $7,500

    LITERACY EFFORTS

  • LITERACY COUNCIL OF NORTHERN VIRGINIA

    $7,500

    LITERACY EFFORTSLITERACY EFFORTSLITERACY EFFORTSLITERACY EFFORTS

  • SKYLINE LITERACY INC

    $7,500

    LITERACY EFFORTSLITERACY EFFORTS

  • LITERACY VOLUNTEERS OF AMERICA PRINCE WILLIAM COUNTY

    $7,500

    LITERACY EFFORTS

The 10 largest by cash amount. The API serves every itemized grant.

Provenance

Return type
form_990
Tax year
2023
Filed
30 January 2025
IRS schema version
2023v6.0
Source object
202510309349301601

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

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