Childrens Literacy Foundation is located in Waterbury Center, VT. The organization was established in 1998. According to its NTEE Classification (B92) the organization is classified as: Remedial Reading & Encouragement, under the broad grouping of Education and related organizations. As of 06/2022, Childrens Literacy Foundation employed 5 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Childrens Literacy Foundation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 06/2022, Childrens Literacy Foundation generated $2.1m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 20.6% each year . All expenses for the organization totaled $783.5k during the year ending 06/2022. While expenses have increased by 5.3% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
CLIF'S MISSION IS TO NURTURE A LOVE OF READING AND WRITING AMONG UNDER RESOURCED CHILDREN UP TO AGE 12 THROUGHOUT NEW HAMPSHIRE AND VERMONT. SINCE 1998 CLIF'S INSPIRING LITERACY PROGRAMS AND OUR 60+ PROFESSIONAL PRESENTERS (AUTHORS, ILLUSTRATORS, POETS, AND STORYTELLERS) HAVE SERVED MORE THAN 350,000 CHILDREN IN 430 COMMUNITIES ACROSS THE TWIN STATES, AND CLIF HAS DONATED MORE THAN 10 MILLION IN NEW BOOKS TO THOSE CHILDREN WHO NEED THEM THE MOST: CHILDREN IN SHELTERS AND LOW-INCOME HOUSING; REFUGEE AND FOSTER CHILDREN; CHILDREN IN RURAL COMMUNITIES WITH LIMITED RESOURCES; CHILDREN OF PRISON INMATES; AND MANY OTHERS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
CLIFS YEAR OF THE BOOK PROVIDES 25,000 WORTH OF LITERACY PROGRAMS, SUPPORT, AND NEW CHILDRENS BOOKS OVER ONE SCHOOL YEAR TO HELP BUILD A CULTURE OF LITERACY IN ELEMENTARY SCHOOLS ACROSS NEW HAMPSHIRE AND VERMONT. THIS PROGRAM TARGETS SCHOOLS THAT HAVE A HIGH PERCENTAGE OF STUDENTS SCORING BELOW PROFICIENT IN LITERACY ASSESSMENTS, AND A HIGH PERCENTAGE OF STUDENTS RECEIVING FREE/REDUCED LUNCH. SINCE CLIFS YEAR OF THE BOOK WAS STARTED, CLIF HAS SPONSORED 90 ELEMENTARY SCHOOLS ACROSS THE TWIN STATES. CLIF'S RURAL LIBRARIES GRANT ENABLES RURAL PUBLIC LIBRARIES TO CREATE EXCITEMENT AROUND READING, INCREASE CIRCULATION, AND STRENGTHEN RELATIONSHIPS WITH THE COMMUNITIES THEY SERVE. CLIF WORKS CLOSELY WITH THE PUBLIC LIBRARY, THE LOCAL ELEMENTARY SCHOOL, AND AREA DAYCARES AND PRESCHOOLS TO PROVIDE EXTENSIVE SUPPORT OVER THE COURSE OF ONE SCHOOL YEAR. THIS INCLUDES 2,000 IN NEW, HIGH-QUALITY CHILDRENS BOOKS FOR THE PUBLIC LIBRARY (SELECTED BY PUBLIC LIBRARIAN), 500 IN NEW BOOKS FOR THE SCHOOL LIBRARY (SELECTED BY SCHOOL LIBRARIAN), A TOTAL OF FOUR STORYTELLING PRESENTATIONS AT THE ELEMENTARY SCHOOL AND CHILDCARE CENTERS, BRAND-NEW BOOKS FOR ALL PARTICIPATING CHILDREN FROM BIRTH THROUGH GRADE SIX, AND A 250 MINI GRANT OPTION TO SUPPORT A SPECIAL INITIATIVE IN YOUR LIBRARY. THE CHILDREN OF INMATES PROGRAM INSPIRES CHILDREN TO READ MORE OFTEN, CONNECTS CHILDREN AND INCARCERATED PARENTS THROUGH STORIES, AND GIVES PRISONERS EXTRA CONFIDENCE TO READ TO THEIR CHILDREN, EVEN IF THEY ARE NOT STRONG READERS THEMSELVES. CLIF HAS PROVIDED CHILDRENS LITERACY PROGRAMS AND PARENT SEMINARS TO 17 FACILITIES IN NEW HAMPSHIRE AND VERMONT. CLIF IS CURRENTLY WORKING WITH THE FOLLOWING CORRECTIONAL FACILITIES THROUGH MULTI-YEAR PARTNERSHIPS: CHITTENDEN REGIONAL CORRECTIONAL FACILITY, A WOMENS PRISON IN SOUTH BURLINGTON, VT; MARBLE VALLEY CORRECTIONAL FACILITY IN RUTLAND, VT; NORTHERN NEW HAMPSHIRE CORRECTIONAL FACILITY IN BERLIN, NH, NEW HAMPSHIRE STATE PRISON FOR MEN AND NEW HAMPSHIRE STATE PRISON FOR WOMEN IN CONCORD, NH. CLIF DONATES BOOKS TO BE USED IN PRISON STORYBOOK PROGRAMS. THESE PROGRAMS GIVE INMATES THE OPPORTUNITY TO SEND A CHILDRENS BOOK AND A RECORDING OF THEMSELVES READING THE BOOK HOME TO THEIR CHILDREN. SUMMER READERS - CLIF ENCOURAGES CHILDREN TO READ MORE OFTEN DURING SUMMER VACATION WITH LIVELY STORYTELLING PRESENTATIONS AND NEW BOOKS CHILDREN CAN SELECT AND KEEP. AT - RISK CHILDREN - CLIF PROVIDES ON-SITE LIBRARIES, INSPIRING STORYTELLING EVENTS, AND NEW BOOKS FOR CHILDREN WHO ARE AT RISK OF GROWING UP WITH LOW LITERACY SKILLS. COMMUNITY BUILDING - CLIF HAS DESIGNED A GRANT OPPORTUNITY TO HELP BUILD BRIDGES AND STRENGTHEN RELATIONSHIPS BETWEEN DIFFERENT GROUPS WITHIN COMMUNITIES.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Duncan Mcdougall Executive Di | Officer | 50 | $68,538 |
Mark Beams Treasurer | OfficerTrustee | 6 | $0 |
Kathryn Robbins Chair | OfficerTrustee | 6 | $0 |
Leslie Williamson Secretary | OfficerTrustee | 6 | $0 |
Michele Gravelle Director | Trustee | 4 | $0 |
Dr Sandy Kelsey Director | Trustee | 4 | $0 |
Statement of Revenue | |
---|---|
Federated campaigns | $0 |
Membership dues | $0 |
Fundraising events | $0 |
Related organizations | $0 |
Government grants | $0 |
All other contributions, gifts, grants, and similar amounts not included above | $2,097,474 |
Noncash contributions included in lines 1a–1f | $0 |
Total Revenue from Contributions, Gifts, Grants & Similar | $2,097,474 |
Total Program Service Revenue | $0 |
Investment income | $22,538 |
Tax Exempt Bond Proceeds | $0 |
Royalties | $0 |
Net Rental Income | $0 |
Net Gain/Loss on Asset Sales | $0 |
Net Income from Fundraising Events | $0 |
Net Income from Gaming Activities | $0 |
Net Income from Sales of Inventory | $0 |
Miscellaneous Revenue | $0 |
Total Revenue | $2,120,012 |
Statement of Expenses | |
---|---|
Grants and other assistance to domestic organizations and domestic governments. | $0 |
Grants and other assistance to domestic individuals. | $0 |
Grants and other assistance to Foreign Orgs/Individuals | $0 |
Benefits paid to or for members | $0 |
Compensation of current officers, directors, key employees. | $91,577 |
Compensation of current officers, directors, key employees. | $9,157 |
Compensation to disqualified persons | $0 |
Other salaries and wages | $161,840 |
Pension plan accruals and contributions | $0 |
Other employee benefits | $0 |
Payroll taxes | $17,279 |
Fees for services: Management | $0 |
Fees for services: Legal | $0 |
Fees for services: Accounting | $2,393 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $2,880 |
Fees for services: Other | $0 |
Advertising and promotion | $0 |
Office expenses | $2,936 |
Information technology | $6,070 |
Royalties | $0 |
Occupancy | $9,000 |
Travel | $1,925 |
Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
Conferences, conventions, and meetings | $0 |
Interest | $0 |
Payments to affiliates | $0 |
Depreciation, depletion, and amortization | $3,228 |
Insurance | $4,985 |
All other expenses | $42,740 |
Total functional expenses | $783,482 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $1,296,168 |
Savings and temporary cash investments | $188,277 |
Pledges and grants receivable | $399,183 |
Accounts receivable, net | $0 |
Loans from Officers, Directors, or Controlling Persons | $0 |
Loans from Disqualified Persons | $0 |
Notes and loans receivable | $0 |
Inventories for sale or use | $70,634 |
Prepaid expenses and deferred charges | $0 |
Net Land, buildings, and equipment | $0 |
Investments—publicly traded securities | $1,016,234 |
Investments—other securities | $0 |
Investments—program-related | $0 |
Intangible assets | $6,750 |
Other assets | $378,722 |
Total assets | $3,355,968 |
Accounts payable and accrued expenses | $5,435 |
Grants payable | $0 |
Deferred revenue | $0 |
Tax-exempt bond liabilities | $0 |
Escrow or custodial account liability | $0 |
Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
Secured mortgages and notes payable | $0 |
Unsecured mortgages and notes payable | $0 |
Other liabilities | $0 |
Total liabilities | $5,435 |
Net assets without donor restrictions | $1,839,507 |
Net assets with donor restrictions | $1,511,026 |
Capital stock or trust principal, or current funds | $0 |
Paid-in or capital surplus, or land, building, or equipment fund | $0 |
Retained earnings, endowment, accumulated income, or other funds | $0 |
Total liabilities and net assets/fund balances | $3,355,968 |
Over the last fiscal year, we have identified 17 grants that Childrens Literacy Foundation has recieved totaling $290,466.
Awarding Organization | Amount |
---|---|
American Endowment Foundation Hudson, OH PURPOSE: EDUCATIONAL | $42,000 |
Vermont Community Foundation Middlebury, VT PURPOSE: GENERAL PURPOSE | $40,500 |
American Online Giving Foundation Inc Newark, DE PURPOSE: GENERAL SUPPORT | $40,062 |
New Hampshire Charitable Foundation Concord, NH PURPOSE: For general and operating support, capital projects, annual fund | $37,000 |
Mt Roeschmore Foundation Etna, NH PURPOSE: GENERAL PURPOSE | $25,154 |
George W Mergens Foundation Milton, VT PURPOSE: BUILDING CAPITALCAMPAIGN | $25,000 |
Beg. Balance | $890,207 |
Ending Balance | $890,207 |
Organization Name | Assets | Revenue |
---|---|---|
Reach Out And Read Inc Boston, MA | $10,124,014 | $15,173,728 |
Proliteracy Worldwide Syracuse, NY | $17,604,255 | $13,411,984 |
Urban Youth Alliance International Inc Bronx, NY | $4,354,975 | $6,995,942 |
Literacy Inc New York, NY | $4,595,330 | $3,899,705 |
Read Alliance Inc New York, NY | $3,368,825 | $3,674,607 |
Mujeres Unidas Avanzando Inc Dorchester, MA | $2,346,284 | $1,432,208 |
Reach Out And Read Of Greater New York Inc New York, NY | $1,043,771 | $1,407,811 |
Childrens Literacy Foundation Waterbury Center, VT | $3,355,968 | $2,120,012 |
Read To Succeed Buffalo Inc Buffalo, NY | $1,016,821 | $853,837 |
Literacy Center Inc Attleboro, MA | $1,345,478 | $822,994 |
Bay State Reading Institute Amesbury, MA | $0 | $198,667 |
Tompkins Learning Partners Incorporated Ithaca, NY | $876,893 | $421,210 |