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← LITERACY LAB

Form 990 for tax year 2024

Filed by LITERACY LAB.

Totals

Total revenue
$4,497,801
Total expenses
$11,125,515
Contributions and grants received
$4,137,242
Grants paid
$0
Program service revenue
$132,962
Investment income
$150,753
Other revenue
$76,844
Total assets, end of year
$6,801,544
Total liabilities, end of year
$985,197
Net assets or fund balances, end of year
$5,816,347
Program services expenses (Part IX)
$7,654,267
Management and general expenses
$2,680,158
Fundraising expenses
$791,090
Program service expenses (Part III)
$7,654,267

Program services were 68.8% 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.

  • 1a · Federated campaigns

    $0

  • 1b · Membership dues

    $0

  • 1c · Fundraising events

    $0

  • 1d · Related organizations

    $0

  • 1e · Government grants (contributions)

    $2,043,524

  • 1f · All other contributions, gifts and grants

    $2,093,718

  • 1g · Noncash contributions included above

    $0

  • 2a · Program service revenue: LITERACY TOURING

    total $132,962 · related or exempt $132,962 · unrelated business $0 · excluded $0

  • 2f · All other program service revenue

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 3 · Investment income

    total $150,753 · related or exempt $0 · unrelated business $0 · excluded $150,753

  • 4 · Income from investment of tax-exempt bond proceeds

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 5 · Royalties

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 6c · Rental income or loss

    real property $0 · personal property $0

  • 7c · Gain or loss

    securities $0 · other assets $0

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

    $0

  • 11a · Other revenue: GAIN ON LEASE TERMINATION

    total $76,809 · related or exempt $76,809 · unrelated business $0 · excluded $0

  • 11d · All other revenue

    total $35 · related or exempt $35 · unrelated business $0 · excluded $0

  • 11e · Other revenue, total

    $76,844

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $0

  • 5 · Compensation of officers, directors and key employees

    total $222,152 · program services $181,104 · management and general $28,371 · fundraising $12,677

  • 7 · Other salaries and wages

    total $6,887,513 · program services $5,076,951 · management and general $1,453,206 · fundraising $357,356

  • 9 · Other employee benefits

    total $667,910 · program services $446,928 · management and general $179,819 · fundraising $41,163

  • 10 · Payroll taxes

    total $629,908 · program services $505,487 · management and general $94,967 · fundraising $29,454

  • 11c · Fees: accounting

    total $268,834 · program services $193,734 · management and general $52,928 · fundraising $22,172

  • 11g · Fees: other

    total $1,133,095 · program services $402,135 · management and general $440,171 · fundraising $290,789

  • 13 · Office expenses

    total $206,511 · program services $176,517 · management and general $25,208 · fundraising $4,786

  • 14 · Information technology

    total $200,220 · program services $9,616 · management and general $172,637 · fundraising $17,967

  • 16 · Occupancy

    total $290,642 · program services $92,680 · management and general $197,962

  • 17 · Travel

    total $258,195 · program services $250,505 · management and general $4,051 · fundraising $3,639

  • 19 · Conferences, conventions and meetings

    total $6,126 · program services $6,000 · management and general $126

  • 22 · Depreciation, depletion and amortization

    total $36,695 · program services $27,573 · management and general $5,967 · fundraising $3,155

  • 23 · Insurance

    total $69,331 · program services $52,157 · management and general $11,205 · fundraising $5,969

  • 24a · Other expenses: BAD DEBT EXPENSE

    total $136,508 · program services $136,508 · management and general $0 · fundraising $0

  • 24b · Other expenses: PROGRAM SUPPLIES

    total $80,701 · program services $79,638 · management and general $1,063 · fundraising $0

  • 24c · Other expenses: BANK CHARGES & PROCESSING FEES

    total $20,689 · program services $16,734 · management and general $1,992 · fundraising $1,963

  • 24d · Other expenses: LOSS ON DISPOSAL OF FIXED ASSETS

    total $10,485 · program services $0 · management and general $10,485 · fundraising $0

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $5,434,381 · end of year $700,000

  • 2 · Savings and temporary cash investments

    end of year $4,864,525

  • 3 · Pledges and grants receivable

    beginning of year $7,064,764 · end of year $20,960

  • 4 · Accounts receivable

    beginning of year $274,479 · end of year $409,355

  • 9 · Prepaid expenses and deferred charges

    beginning of year $458,611 · end of year $115,368

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

    $362,047

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

    $234,401

  • 10c · Land, buildings and equipment, net

    beginning of year $31,992 · end of year $127,646

  • 15 · Other assets

    beginning of year $1,308,736 · end of year $563,690

  • 17 · Accounts payable and accrued expenses

    beginning of year $732,392 · end of year $398,871

  • 25 · Other liabilities

    beginning of year $1,396,510 · end of year $586,326

  • 27 · Net assets without donor restrictions

    beginning of year $10,605,936 · end of year $5,006,347

  • 28 · Net assets with donor restrictions

    beginning of year $1,838,125 · end of year $810,000

Mission and programs · 2024

Mission

THE LITERACY LAB STRIVES TO ENSURE THAT ALL PEOPLE HAVE ACCESS TO EVIDENCE-BASED LITERACY DEVELOPMENT TO UNLOCK OPPORTUNITIES FOR SUCCESS IN SCHOOL AND LIFE.

  • THE LITERACY LAB FELLOWSHIP CREATES OPPORTUNITIES IN THE FIELD OF EDUCATION. LITERACY LAB FELLOWS PARTICIPATE IN A YEAR-LONG, RESIDENCY-STYLE EXPERIENCE IN WHICH THEY PROVIDE EVIDENCE-BASED LITERACY SUPPORT TO CHILDREN IN PRE-KINDERGARTEN, KINDERGARTEN, AND FIRST GRADE WHILE RECEIVING ROBUST COACHING AND PROFESSIONAL DEVELOPMENT AND GAINING VALUABLE EXPERIENCE. FELLOWS ARE PAID A COMPETITIVE HOURLY WAGE, AND EARN A HIGHER EDUCATION AWARD UPON PROGRAM COMPLETION. IN 2024-25, THE ORGANIZATION SERVED 1,751 STUDENTS AND 110 FELLOWS CHILDREN IN ATLANTA, GA; BALTIMORE, MD; CINCINNATI, OH; MILWAUKEE, WI; AND WASHINGTON, DC.

    Expenses $7,650,742 · Revenue $132,962

  • OTHER PROGRAM ACTIVITIES, FOR WHICH READING CORPS IS ONE, PLACE LITERACY TUTORS IN SCHOOLS TO GIVE STUDENTS EXTRA READING SUPPORT AND HELP THEM REACH KEY LITERACY MILESTONES, ALONG WITH ADDITIONAL LITERACY PROGRAMS AND SERVICES THAT SUPPORT THE ORGANIZATION'S MISSION.

    Expenses $3,525

As filed on the 2024 return.

Listed in Part VII

  • HEATHER JENKINS

    CHIEF EXECUTIVE OFFICER

    Total calculated
    $234,509
    From this org
    $218,843
    From related orgs
    $0
    Other
    $15,666
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $218,843
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $15,666
    Filer's total
    $234,509

  • CACHE OWENS

    CHIEF EXTERNAL RELATIONS OFFICER

    Total calculated
    $172,980
    From this org
    $162,220
    From related orgs
    $0
    Other
    $10,760
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $162,220
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $10,760
    Filer's total
    $172,980

  • HENRIETTE RECNY

    PRESIDENT OF PEOPLE & ORGANIZATIONAL STRATEGY

    Total calculated
    $171,736
    From this org
    $162,870
    From related orgs
    $0
    Other
    $8,866
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $162,870
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $8,866
    Filer's total
    $171,736

  • MIA HARDING

    CHIEF IMPACT OFFICER

    Total calculated
    $170,894
    From this org
    $161,013
    From related orgs
    $0
    Other
    $9,881
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $161,013
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $9,881
    Filer's total
    $170,894

  • SARAH REAPE

    PRESIDENT OF REGIONAL STRATEGY & IMPLEMENTATION

    Total calculated
    $163,986
    From this org
    $155,120
    From related orgs
    $0
    Other
    $8,866
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $155,120
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $8,866
    Filer's total
    $163,986

  • AAMIR MANSOOR

    VICE PRESIDENT OF GOVERNMENT AND EXTERNAL PARTNERSHIPS

    Total calculated
    $142,796
    From this org
    $133,247
    From related orgs
    $0
    Other
    $9,549
    Hours/week
    40

  • DONALD WALTHER

    CHAIR

    Total calculated
    $0
    Hours/week
    4

  • QUINCI MOODY

    TREASURER

    Total calculated
    $0
    Hours/week
    4

  • CHRISTIAN SHABOO

    SECRETARY

    Total calculated
    $0
    Hours/week
    1

  • STEVEN CARNIOL

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • PAUL CHEUNG

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • ASHLEY JENKINS

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • RITA SADHVANI

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • KEON TOYER

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • RHONDA HENDERSON

    BOARD MEMBER

    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. 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 · Compensation committee
  • 3 · Form 990 of other organizations
  • 3 · Written employment contract
  • 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
2024
Filed
18 June 2026
IRS schema version
2024v5.0
Source object
202641699349301669

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