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 06/2023, Childrens Literacy Foundation employed 7 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 06/2023, Childrens Literacy Foundation generated $949.3k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 6.6% each year. All expenses for the organization totaled $890.1k during the year ending 06/2023. While expenses have increased by 6.3% per year over the past 8 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
CLIF'S MISSION IS TO INSPIRE A LOVE OF READING AND WRITING AMONG UNDER RESOURCED CHILDREN UP TO AGE 12 THROUGHOUT NEW HAMPSHIRE AND VERMONT.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE CHILDREN'S LITERACY FOUNDATION (CLIF) OPERATES SEVEN PROGRAMS FOR UNDER-RESOURCED CHILDREN UP TO AGE TWELVE IN NEW HAMPSHIRE AND VERMONT. SERVING OVER 25,000 CHILDREN THROUGHOUT OUT THE YEAR, EACH OF CLIF'S PROGRAMS PROVIDE LITERACY EXPERIENCES AND NEW BOOKS TO CHILDREN WHO MAY NOT HAVE ACCESS TO SUCH OPPORTUNITIES. OVER 50,000 BOOKS WERE GIVEN AWAY TO CHILDREN THIS PAST YEAR. CLIF ALSO PROVIDES NEW BOOKS TO CLASSROOMS, COMMUNITY-BASED ORGANIZATION, AND CORRECTIONAL FACILITIES, AND NEW LIBRARY BOOKS TO SCHOOL AND COMMUNITY LIBRARIES. CLIF ALSO PROVIDES SUPPORT TO COMMUNITY PARTNERS FOR CREATIVE LITERACY PROJECTS WITH THE STUDENTS AND CHILDREN THEY SERVE. CLIF ALSO PROVIDES INFORMATION, RESOURCES, AND SEMINARS TO PARENTS AND CAREGIVERS SO THAT THEY MAY ENCOURAGE READING AND WRITING FOR CHILDREN. ADDITIONALLY, CLIF OFFERS PROFESSIONAL DEVELOPMENT FOR TEACHERS, LIBRARIANS, AND OTHERS THROUGH CONFERENCES AND AN ARRAY OF ONLINE RESOURCES. CLIF PROGRAMS ARE AS FOLLOWS: YEAR OF THE BOOK: THIS COMPREHENSIVE PROGRAM PROVIDES TEN SELECTED SCHOOLS WITH 25,000 IN LITERACY PROGRAMS, EDUCATOR SUPPORT AND NEW BOOKS FOR STUDENTS OVER THE COURSE OF THE SCHOOL YEAR. ONLY SCHOOLS WITH MORE THAN 35% OF THEIR STUDENTS ON FREE OR REDUCED LUNCH ARE ELIGIBLE. RURAL LIBRARIES: THIS PROGRAM SUPPORTS LIBRARIES THAT SERVICE TOWNS OF LESS THAN 5,000 PEOPLE. SELECTED LIBRARIES RECEIVE 2,000 IN NEW BOOKS AS WELL TWO LITERACY EVENTS, INCLUDING ONE AT THE LOCAL ELEMENTARY SCHOOL ALONG WITH BOOKS FOR THE SCHOOL'S LIBRARY AND A BOOK GIVEAWAY FOR THE STUDENTS. CHILDREN OF INCARCERATED ADULTS: THIS PROGRAM WORKS WITH FIVE PRISONS IN NH AND VT, PROVIDING SEMINARS TO THE INMATES ON THE IMPORTANCE OF CHILDREN'S LITERACY, BOOK DONATIONS TO THE FAMILY VISITING ROOM, AND FREE BOOKS CHOSEN BY THE INMATES AND SENT HOME TO THEIR CHILDREN. AT-RISK YOUTH: THIS PROGRAM PARTNERS WITH 20 COMMUNITY-BASED ORGANIZATIONS SERVING CHILDREN, INCLUDING: LOW-INCOME HOUSING, AFTER-SCHOOL PROGRAMS, CHILDCARE CENTERS, SUMMER CAMPS, AND ELL CLASSROOMS. THE CHILDREN ATTEND A FUN LITERACY EVENT AND RECEIVE NEW BOOKS, CAREGIVERS ARE OFFERED INFORMATION OF CHILDREN'S LITERACY, AND THE ORGANIZATION RECEIVES NEW BOOKS TO KEEP ON-SITE. COMMUNITY BUILDING: THIS SMALL PROGRAM SEEKS TO BRING CHILDREN AND OTHERS IN THEIR COMMUNITY TOGETHER IN FUN AND MEANINGFUL WAYS THROUGH LITERACY, SUCH AS PEN PAL PROJECTS OR AS READING BUDDIES. REVIVE: THIS PROGRAM IS OFFERED TO ANY CLIF COMMUNITY PARTNER WHO HAS WORKED WITH CLIF WITHIN THE PAST THREE YEARS, PROVIDING 500 FOR THE ORGANIZATION TO USE IN LITERACY PROGRAMMING AS THEY CHOOSE. SUMMER READERS: THIS PROGRAM IS OFFERED TO ANY SUMMER PROGRAM IN NH OR VT WHICH SERVES CHILDREN FROM UNDER-RESOURCED COMMUNITIES. THE PROGRAM PROVIDES ONE FREE LITERACY PRESENTATION AND A BOOK GIVEAWAY.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Laura Rice Executive Di | Officer | 40 | $0 |
Duncan Mcdougall Executive Di | Officer | 50 | $73,500 |
Mark Beams Chair | OfficerTrustee | 6 | $0 |
Posie Taylor Vice-Chair | OfficerTrustee | 6 | $0 |
John Vogel Treasurer | OfficerTrustee | 6 | $0 |
Leslie Williamson Secretary | OfficerTrustee | 6 | $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 | $942,830 |
Noncash contributions included in lines 1a–1f | $0 |
Total Revenue from Contributions, Gifts, Grants & Similar | $942,830 |
Total Program Service Revenue | $0 |
Investment income | $37,484 |
Tax Exempt Bond Proceeds | $0 |
Royalties | $0 |
Net Rental Income | $0 |
Net Gain/Loss on Asset Sales | -$31,044 |
Net Income from Fundraising Events | $0 |
Net Income from Gaming Activities | $0 |
Net Income from Sales of Inventory | $0 |
Miscellaneous Revenue | $0 |
Total Revenue | $949,270 |
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. | $107,616 |
Compensation of current officers, directors, key employees. | $8,609 |
Compensation to disqualified persons | $0 |
Other salaries and wages | $179,836 |
Pension plan accruals and contributions | $0 |
Other employee benefits | $0 |
Payroll taxes | $20,700 |
Fees for services: Management | $0 |
Fees for services: Legal | $0 |
Fees for services: Accounting | $23,030 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $4,926 |
Fees for services: Other | $0 |
Advertising and promotion | $0 |
Office expenses | $16,580 |
Information technology | $6,145 |
Royalties | $0 |
Occupancy | $7,200 |
Travel | $7,042 |
Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
Conferences, conventions, and meetings | $0 |
Interest | $1,687 |
Payments to affiliates | $0 |
Depreciation, depletion, and amortization | $15,633 |
Insurance | $4,894 |
All other expenses | $36,725 |
Total functional expenses | $890,064 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $425,081 |
Savings and temporary cash investments | $48,626 |
Pledges and grants receivable | $144,502 |
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 | $54,135 |
Prepaid expenses and deferred charges | $1,514 |
Net Land, buildings, and equipment | $1,883,190 |
Investments—publicly traded securities | $1,074,594 |
Investments—other securities | $0 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $0 |
Total assets | $3,631,642 |
Accounts payable and accrued expenses | $161,076 |
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 | $161,076 |
Net assets without donor restrictions | $3,065,616 |
Net assets with donor restrictions | $404,950 |
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 | $3,631,642 |