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← REDWOOD CITY FRIENDS OF LITERACY

Form 990 for tax year 2022

Filed by REDWOOD CITY FRIENDS OF LITERACY.

Totals

Total revenue
$264,120
Total expenses
$181,873
Contributions and grants received
$209,825
Grants paid
$169,964
Program service revenue
$0
Investment income
$54,137
Other revenue
$158
Total assets, end of year
$1,272,074
Total liabilities, end of year
$274,236
Net assets or fund balances, end of year
$997,838
Program services expenses (Part IX)
$173,755
Management and general expenses
$8,118
Fundraising expenses
$0
Program service expenses (Part III)
$173,755

Program services were 95.5% 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.

  • 1f · All other contributions, gifts and grants

    $209,825

  • 3 · Investment income

    total $34,714 · excluded $34,714

  • 7a · Gross sales of assets other than inventory

    securities $19,423

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

    securities $0

  • 7c · Gain or loss

    securities $19,423

  • 7d · Net gain or loss

    total $19,423 · related or exempt $19,423

  • 11a · Other revenue: VARIOUS

    total $158 · excluded $158

  • 11e · Other revenue, total

    $158

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $169,964 · program services $169,964

  • 11b · Fees: legal

    total $6,955 · management and general $6,955

  • 11g · Fees: other

    total $749 · program services $749

  • 22 · Depreciation, depletion and amortization

    total $3,042 · program services $3,042

  • 24a · Other expenses: CONSULTANTS

    total $1,050 · management and general $1,050

  • 24b · Other expenses: WEB HOSTING/STORAGE

    total $86 · management and general $86

  • 24c · Other expenses: BANK CHARGES

    total $27 · management and general $27

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $120,332 · end of year $269,963

  • 4 · Accounts receivable

    beginning of year $25,915 · end of year $500

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

    $23,987

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

    $21,648

  • 10c · Land, buildings and equipment, net

    beginning of year $5,381 · end of year $2,339

  • 11 · Investments: publicly traded securities

    beginning of year $901,854 · end of year $997,572

  • 15 · Other assets

    beginning of year $2,750 · end of year $1,700

  • 17 · Accounts payable and accrued expenses

    beginning of year $32,423 · end of year $124,438

  • 18 · Grants payable

    beginning of year $75,000 · end of year $75,000

  • 19 · Deferred revenue

    beginning of year $33,217 · end of year $74,798

  • 29 · Capital stock, trust principal or current funds

    beginning of year $0 · end of year $0

  • 30 · Paid-in or capital surplus, or land, building or equipment fund

    beginning of year $0 · end of year $0

  • 31 · Retained earnings, endowment or other funds

    beginning of year $915,592 · end of year $997,838

Mission and programs · 2022

Mission

TO PROMOTE READING AND LITERACY IN THE COMMUNITY THROUGH HIGH QUALITY READING PROGRAMS

Activities or mission (Part I)

COMMITMENT TO THE HIGH QUALITY PROJECT READ PROGRAMS IN OUR COMMUNITY.

  • PROMOTING 100% LITERACY IN REDWOOD CITY THROUGH OUR COMMITMENT THAT THE HIGH QUALITY PROJECT READPROGRAMS WILL ALWAYS BE AVAILABLE.

    Expenses $173,755 · Grants $169,964 · Revenue $209,825

As filed on the 2022 return.

Listed in Part VII

  • LANA DAHU

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2.5

  • XITLALI CURINCITA

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2.5

  • LEE SOLON

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2.5

  • JENNY CASTELLO

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2.5

  • KAREN SWARTZ

    PRESIDENT

    Total calculated
    $0
    Hours/week
    2.5

  • RITA SABBADINI

    TREASURER

    Total calculated
    $0
    Hours/week
    2.5

  • APRIL BEDNARZ

    SECRETARY

    Total calculated
    $0
    Hours/week
    2.5

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

  • CITY OF REDWOOD CITYPROJECT READ

    $169,964

    TO FUND PROJECT READ

Provenance

Return type
form_990
Tax year
2022
Filed
29 January 2024
IRS schema version
2022v5.0
Source object
202410509349300961

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