Totals
- Total revenue
- $2,999,625
- Total expenses
- $4,494,233
- Contributions and grants received
- $3,050,138
- Grants paid
- $0
- Program service revenue
- $0
- Investment income
- $229,301
- Other revenue
- -$279,814
- Total assets, end of year
- $9,400,360
- Total liabilities, end of year
- $1,188,268
- Net assets or fund balances, end of year
- $8,212,092
- Program services expenses (Part IX)
- $2,741,640
- Management and general expenses
- $549,547
- Fundraising expenses
- $1,203,046
- Program service expenses (Part III)
- $2,741,640
Program services were 61.0% 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
$948,748
-
1e · Government grants (contributions)
$706,376
-
1f · All other contributions, gifts and grants
$1,395,014
-
1g · Noncash contributions included above
$105,287
-
3 · Investment income
total $224,616 · excluded $224,616
-
7a · Gross sales of assets other than inventory
other assets $1,283,717
-
7b · Less cost or other basis and sales expenses
other assets $1,279,032
-
7c · Gain or loss
other assets $4,685
-
7d · Net gain or loss
total $4,685 · related or exempt $4,685
-
8a · Fundraising events: gross income
$163,635
-
8a · Fundraising events: contributions included on line 1c
$948,748
-
8b · Fundraising events: direct expenses
$457,958
-
8c · Net income from fundraising events
total -$294,323 · unrelated business $163,635 · excluded -$457,958
-
11a · Other revenue: Other revenue
total $14,509 · related or exempt $14,509
-
11e · Other revenue, total
$14,509
Functional expenses
Part IX, the statement of functional expenses.
-
5 · Compensation of officers, directors and key employees
total $450,474 · program services $245,369 · management and general $47,385 · fundraising $157,720
-
7 · Other salaries and wages
total $2,004,980 · program services $1,183,970 · management and general $237,866 · fundraising $583,144
-
8 · Pension plan contributions
total $36,176 · program services $21,853 · management and general $6,082 · fundraising $8,241
-
9 · Other employee benefits
total $428,368 · program services $258,561 · management and general $57,793 · fundraising $112,014
-
10 · Payroll taxes
total $182,244 · program services $106,717 · management and general $21,151 · fundraising $54,376
-
11b · Fees: legal
total $5,643 · management and general $5,643
-
11c · Fees: accounting
total $17,000 · management and general $17,000
-
11e · Fees: professional fundraising services
total $80,000 · fundraising $80,000
-
11f · Fees: investment management
total $38,814 · management and general $38,814
-
11g · Fees: other
total $452,911 · program services $424,175 · management and general $28,736
-
13 · Office expenses
total $89,482 · program services $61,772 · management and general $4,582 · fundraising $23,128
-
14 · Information technology
total $68,981 · program services $36,577 · management and general $11,197 · fundraising $21,207
-
16 · Occupancy
total $262,916 · program services $163,995 · management and general $17,957 · fundraising $80,964
-
17 · Travel
total $35,444 · program services $34,426 · management and general $202 · fundraising $816
-
22 · Depreciation, depletion and amortization
total $71,105 · program services $44,681 · management and general $9,228 · fundraising $17,196
-
23 · Insurance
total $21,826 · program services $10,192 · management and general $8,499 · fundraising $3,135
-
24a · Other expenses: Bad debts
total $37,502 · fundraising $37,502
-
24b · Other expenses: Instructional and testing
total $14,218 · program services $14,218
-
24c · Other expenses: Dues and subscription
total $22,861 · program services $6,400 · management and general $2,772 · fundraising $13,689
-
24d · Other expenses: Stipends scholarships emer
total $42,415 · program services $42,415
-
24e · All other expenses
total $130,873 · program services $86,319 · management and general $34,640 · fundraising $9,914
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $1,826,784 · end of year $735,367
-
2 · Savings and temporary cash investments
beginning of year $140,985 · end of year $25,005
-
3 · Pledges and grants receivable
beginning of year $396,317 · end of year $290,061
-
4 · Accounts receivable
beginning of year $7,252
-
8 · Inventories for sale or use
beginning of year $89,461 · end of year $138,134
-
9 · Prepaid expenses and deferred charges
beginning of year $10,340 · end of year $15,895
-
10a · Land, buildings and equipment: cost or other basis
$390,510
-
10b · Land, buildings and equipment: accumulated depreciation
$359,840
-
10c · Land, buildings and equipment, net
beginning of year $119,347 · end of year $30,670
-
11 · Investments: publicly traded securities
beginning of year $7,065,163 · end of year $7,292,510
-
15 · Other assets
beginning of year $63,750 · end of year $872,718
-
17 · Accounts payable and accrued expenses
beginning of year $226,055 · end of year $233,941
-
19 · Deferred revenue
beginning of year $73,029
-
25 · Other liabilities
beginning of year $231,868 · end of year $954,327
-
27 · Net assets without donor restrictions
beginning of year $3,957,412 · end of year $3,142,317
-
28 · Net assets with donor restrictions
beginning of year $5,231,035 · end of year $5,069,775
Mission and programs · 2022
Mission
Literacy Partners strengthens families through a two-generation approach to education.With our free classes, low-income parents develop the literacy and language skills they need to succeed in todays world.Our curriculum incorporates child development and parenting suppo
-
Tutorial Program: Adult basic education program teaches adults basic reading and writing in free classes, assisted by volunteers under the direction of professional educators.Family Literacy Program: adults improve literacy for themselves and their children. Production of educational videos to help adults improve literacy
Expenses $1,214,019
-
Family Literacy Program: Teaches parents of children participating in head start programs basic reading, writing and numeracy, four days a week.
Expenses $998,332
-
Family Literacy Program: Supports parents of young children to obtain their HSE and enroll in college.
Expenses $529,289
As filed on the 2022 return.
Listed in Part VII
-
Anthony Tassi
Chief Executive Officer -- DO
- Total calculated
- $182,348
- From this org
- $179,348
- From related orgs
- $0
- Other
- $3,000
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $176,715
- Bonus
- not reported
- Other
- $2,633
- Deferred
- not reported
- Nontaxable benefits
- $3,000
- Filer's total
- $182,348
-
Jane Sung E Bai
Chief Operating Officer -- DO
- Total calculated
- $175,361
- From this org
- $172,361
- From related orgs
- $0
- Other
- $3,000
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $148,567
- Bonus
- not reported
- Other
- $23,794
- Deferred
- not reported
- Nontaxable benefits
- $3,000
- Filer's total
- $175,361
-
Kristine Cooper
Chief External Affairs Office
- Total calculated
- $136,882
- From this org
- $136,882
- From related orgs
- $0
- Other
- $0
- Hours/week
- 40
-
Jordan Pavlin
Director
- Total calculated
- $0
- Hours/week
- 2
-
Sebastian V Niles
Director
- Total calculated
- $0
- Hours/week
- 2
-
Cynthia McFadden
Director
- Total calculated
- $0
- Hours/week
- 2
-
Mark Subias
Director
- Total calculated
- $0
- Hours/week
- 2
-
Victoria Chu Pao
Director
- Total calculated
- $0
- Hours/week
- 2
-
David Maya
Director
- Total calculated
- $0
- Hours/week
- 2
-
W Ross Honey
Director
- Total calculated
- $0
- Hours/week
- 2
-
Tinika Brown Davis
Director
- Total calculated
- $0
- Hours/week
- 2
-
Ianthe Dugan
Director
- Total calculated
- $0
- Hours/week
- 2
-
Kath Raymond Hinton
Director
- Total calculated
- $0
- Hours/week
- 2
-
Peter Brown
Chair Emeritus
- Total calculated
- $0
- Hours/week
- 2
-
Neal Goff
Director
- Total calculated
- $0
- Hours/week
- 2
-
Mark Gurevich
Director
- Total calculated
- $0
- Hours/week
- 2
-
Lawrence A Jacobs
Secretary
- Total calculated
- $0
- Hours/week
- 2
-
Todd Larsen
Treasurer
- Total calculated
- $0
- Hours/week
- 2
-
Courtney EK Lewis
Chair
- 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. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.
Schedule J
Answered yes
- 3 · Form 990 of other organizations
- 3 · Compensation survey or study
- 3 · Approval by the board or compensation committee
Answered no
- 4a · Severance or change-of-control payment
- 4b · Supplemental nonqualified retirement plan
- 4c · Equity-based compensation arrangement
- 5a · Pay contingent on this organization's revenues
- 5b · Pay contingent on a related organization's revenues
- 6a · Pay contingent on this organization's net earnings
- 6b · Pay contingent on a related organization's net earnings
- 7 · Other non-fixed payments
- 8 · Paid under the initial-contract exception
Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.
Grants on this return
No itemized grants to organizations on this return.
Provenance
- Return type
- form_990
- Tax year
- 2022
- Filed
- 13 May 2024
- IRS schema version
- 2022v5.0
- Source object
- 202431359349313053
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