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← LITERACY COUNCIL OF ALASKA

Form 990 for tax year 2023

Filed by LITERACY COUNCIL OF ALASKA.

Totals

Total revenue
$1,015,134
Total expenses
$1,097,841
Contributions and grants received
$793,250
Grants paid
$52,846
Program service revenue
$222,476
Investment income
$1,708
Other revenue
-$2,300
Total assets, end of year
$378,880
Total liabilities, end of year
$66,106
Net assets or fund balances, end of year
$312,774
Program services expenses (Part IX)
$939,534
Management and general expenses
$153,076
Fundraising expenses
$5,231
Program service expenses (Part III)
$939,534

Program services were 85.6% 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

    $21,494

  • 1e · Government grants (contributions)

    $677,257

  • 1f · All other contributions, gifts and grants

    $94,499

  • 1g · Noncash contributions included above

    $6,920

  • 2a · Program service revenue: BOOKSTORE SALES

    total $207,382 · related or exempt $207,382

  • 2b · Program service revenue: PROGRAM SERVICE FEES

    total $15,094 · related or exempt $15,094

  • 3 · Investment income

    total $1 · excluded $1

  • 7a · Gross sales of assets other than inventory

    securities $41,707

  • 7b · Less cost or other basis and sales expenses

    securities $40,000

  • 7c · Gain or loss

    securities $1,707

  • 7d · Net gain or loss

    total $1,707 · excluded $1,707

  • 8a · Fundraising events: gross income

    $0

  • 8a · Fundraising events: contributions included on line 1c

    $21,494

  • 8b · Fundraising events: direct expenses

    $5,231

  • 8c · Net income from fundraising events

    total -$5,231 · excluded -$5,231

  • 11a · Other revenue: MISCELLANEOUS

    total $2,931 · related or exempt $2,931

  • 11e · Other revenue, total

    $2,931

Functional expenses

Part IX, the statement of functional expenses.

  • 2 · Grants to domestic individuals

    total $52,846 · program services $52,846

  • 5 · Compensation of officers, directors and key employees

    total $59,383 · program services $45,131 · management and general $14,252

  • 7 · Other salaries and wages

    total $671,032 · program services $610,612 · management and general $60,420

  • 9 · Other employee benefits

    total $18,089 · program services $9,166 · management and general $8,923

  • 10 · Payroll taxes

    total $72,101 · program services $64,388 · management and general $7,713

  • 11c · Fees: accounting

    total $28,084 · management and general $28,084

  • 11g · Fees: other

    total $5,086 · program services $4,295 · management and general $791

  • 12 · Advertising and promotion

    total $5,801 · program services $5,674 · management and general $127

  • 13 · Office expenses

    total $5,603 · program services $4,163 · management and general $1,440

  • 16 · Occupancy

    total $65,182 · program services $58,233 · management and general $6,949

  • 17 · Travel

    total $10,814 · program services $4,952 · management and general $5,862

  • 22 · Depreciation, depletion and amortization

    total $14,862 · program services $12,612 · management and general $2,250

  • 23 · Insurance

    total $14,362 · program services $11,799 · management and general $2,563

  • 24a · Other expenses: PROGRAM SUPPLIES

    total $49,188 · program services $40,272 · management and general $8,916

  • 24b · Other expenses: TELEPHONE AND INTERNET

    total $12,475 · program services $10,822 · management and general $1,653

  • 24c · Other expenses: DUES AND FEES

    total $11,571 · program services $4,554 · management and general $2,186 · fundraising $4,831

  • 24d · Other expenses: MISCELLANEOUS

    total $1,347 · management and general $947 · fundraising $400

  • 24e · All other expenses

    total $15 · program services $15

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $179,210 · end of year $141,905

  • 3 · Pledges and grants receivable

    beginning of year $99,695 · end of year $81,304

  • 4 · Accounts receivable

    beginning of year $3,494 · end of year $1,686

  • 8 · Inventories for sale or use

    beginning of year $45,928 · end of year $43,259

  • 9 · Prepaid expenses and deferred charges

    beginning of year $15,127 · end of year $7,452

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

    $241,989

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

    $180,129

  • 10c · Land, buildings and equipment, net

    beginning of year $70,782 · end of year $61,860

  • 11 · Investments: publicly traded securities

    beginning of year $35,829 · end of year $41,414

  • 17 · Accounts payable and accrued expenses

    beginning of year $57,508 · end of year $66,106

  • 27 · Net assets without donor restrictions

    beginning of year $384,383 · end of year $309,311

  • 28 · Net assets with donor restrictions

    beginning of year $8,174 · end of year $3,463

Mission and programs · 2023

Mission

OUR MISSION IS TO PROMOTE LITERACY FOR PEOPLE OF ALL AGES IN FAIRBANKS AND THE INTERIOR OF ALASKA. SIGNIFICANT ACTIVITIES INCLUDE ADULT AND SCHOOL-AGE LITERACY AS WELL AS BOOK RECYCLING.

  • ADULT EDUCATION PROGRAMPROVIDED CLASSROOM INSTRUCTION AND TUTORING FOR ADULTS IN ELL AND GED PREPARATION. PROVIDE EDUCATION, CREDENTIALING, AND PRE-EMPLOYMENT TRAINING FOR INDIVIDUALS AGE 16-24.ELL STUDENTS - 139; ABE/GED STUDENTS - 153; WIOA PARTICIPANTS - 64GED GRADUATES - 56VOLUNTEER INSTRUCTORS AND TUTORS - 29

    Expenses $655,207 · Grants $52,846 · Revenue $18,025

  • SCHOOL-AGE LITERACY PROGRAMPROVIDE TUTORING AND INSTRUCTION FOR SCHOOL-AGE CHILDREN THAT BUILDS STRONG EDUCATIONAL FOUNDATIONS AND FOSTERS A LIFE-LONG LOVE OF LEARNING.BIRCH PARK AFTER-SCHOOL PROGRAMSTUDENTS ENROLLED - 73;PARENTS & OTHER ADULTS - 21

    Expenses $71,457

  • BOOK RECYCLING PROGRAMFREE BOOKS DONATED AND GIVEN AWAY - 14,496 BOOKS DONATED AND SOLD - 50,417 AT VALUE OF $50,417VOLUNTEERS - 34WORKPLACE LITERACY STUDENTS - 13

    Expenses $212,870 · Revenue $207,382

As filed on the 2023 return.

Listed in Part VII

  • LISA BAKER

    PRESIDENT

    Total calculated
    $0
    Hours/week
    1

  • BRADLEY MCGINNITY

    TREASURER

    Total calculated
    $0
    Hours/week
    1

  • MEGAN KITTELMAN

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • KARALEE WATTS

    VICE-PRESIDENT

    Total calculated
    $0
    Hours/week
    1

  • COURTNEY HAVRILEK

    SECRETARY - OUTGOING

    Total calculated
    $0
    Hours/week
    1

  • MERYEM UDDEN

    SECRETARY - INCOMING

    Total calculated
    $0
    Hours/week
    1

  • LUCIE MAGRATH

    EXECUTIVE DIRECTOR

    Total calculated
    $59,383
    From this org
    $59,383
    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
2023
Filed
3 December 2024
IRS schema version
2023v5.1
Source object
202423399349301407

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