Literations Corp
- Assets
- $662.6k
- Revenue
- $1.3m
- Investments
- $0.0
- Employees
- 56
- Location
- Boston, MA
- Founding
- 06/1994
- Data as of
- 06/2022
- EIN
- 04-3227007
Organization Overview
Literations Corp is located in Boston, MA. The organization was established in 1994. According to its NTEE Classification (O20) the organization is classified as: Youth Centers & Clubs, under the broad grouping of Youth Development and related organizations. As of 06/2022, Literations Corp employed 56 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Literations Corp 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, Literations Corp generated $1.3m in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (1.4%) each year. All expenses for the organization totaled $1.2m during the year ending 06/2022. As we would expect to see with falling revenues, expenses have declined by (2.3%) per year over the past 7 years. 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
LITERATIONS DRIVES EDUCATIONAL EQUITY THROUGH EXPERIENCED COMMUNITY VOLUNTEERS EMPOWERING YOUNG READERS FOR LIFELONG LEARNING. LITERATIONS ENVISIONS A DAY WHEN ALL STUDENTS, REGARDLESS OF ZIP CODE, ENTER THE FIFTH GRADE AS PROFICIENT READERS POISED FOR ACADEMIC SUCCESS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
LITERACY PROGRAM: LITERATIONS COLLABORATES WITH TEACHERS, SCHOOLS, PARTNERS, AND DISTRICTS TO PROVIDE TARGETED SUPPORT TO YOUNG STUDENTS (1ST - 4TH GRADE) WHO CAN BENEFIT FROM 1:1 STRUCTURED READING PRACTICE. ADULT TRAINED VOLUNTEERS ARE MATCHED WITH STUDENTS FOR TWICE WEEKLY SESSIONS THROUGHOUT THE SCHOOL YEAR TO READ AND PRACTICE UNDER THE SUPERVISION OF A CARING COACH AND MENTOR.DURING THE 2021-2022 SCHOOL YEAR, THIS PROGRAM WAS CONDUCTED THROUGH A HYBRID IN-PERSON PLATFORM AND VIRTUAL PLATFORM USING ZOOM. STUDENTS IN NINE BOSTON PUBLIC SCHOOLS, TWO FRAMINGHAM PUBLIC SCHOOLS, AND THREE BOYS & GIRLS CLUBS CONTINUED TO MEET WITH THEIR LITERACY COACH TWICE WEEKLY IN BOTH IN-PERSON AND VIRTUAL SESSIONS DURING THE SCHOOL YEAR.THE ACTIVE AGING PROGRAM: THE ACTIVE AGING PROGRAM PROVIDES AARP EXPERIENCE CORPS VOLUNTEERS WITH MEANINGFUL ACTIVITIES, BEYOND THEIR WORK WITH STUDENTS, TO ENHANCE THEIR PHYSICAL, MENTAL AND SOCIAL WELL-BEING AND CONNECT THEM TO THE COMMUNITY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Charles Enicks Executive Director | Officer | 45 | $139,191 |
Tara Finnegan President/board Chair | OfficerTrustee | 2 | $0 |
Megan Mcbryde Treasurer/clerk | OfficerTrustee | 2 | $0 |
Julieann Tamayo Director | Trustee | 0.5 | $0 |
Michelle Roman Former Director | Trustee | 0.5 | $0 |
George Blount Director | Trustee | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $54,800 |
| Related organizations | $0 |
| Government grants | $324,698 |
| All other contributions, gifts, grants, and similar amounts not included above | $660,469 |
| Noncash contributions included in lines 1a–1f | $335 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,039,967 |
| Total Program Service Revenue | $152,500 |
| Investment income | $287 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $70,390 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,263,144 |
| 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. | $168,831 |
| Compensation of current officers, directors, key employees. | $35,455 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $580,387 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $50,624 |
| Payroll taxes | $66,277 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $15,566 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $40,242 |
| Advertising and promotion | $3,113 |
| Office expenses | $39,973 |
| Information technology | $14,469 |
| Royalties | $0 |
| Occupancy | $35,152 |
| Travel | $2,780 |
| 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 | $0 |
| Insurance | $8,069 |
| All other expenses | $8,851 |
| Total functional expenses | $1,218,584 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $237,844 |
| Savings and temporary cash investments | $248,841 |
| Pledges and grants receivable | $113,907 |
| Accounts receivable, net | $33,500 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $3,471 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $21,562 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $3,500 |
| Total assets | $662,625 |
| Accounts payable and accrued expenses | $49,429 |
| 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 | $49,429 |
| Net assets without donor restrictions | $517,196 |
| Net assets with donor restrictions | $96,000 |
| 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 | $662,625 |
Grants Recieved
Over the last fiscal year, we have identified 8 grants that Literations Corp has recieved totaling $633,270.
| Awarding Organization | Amount |
|---|---|
Aarp Foundation Washington, DC PURPOSE: GRANT TO SUPPORT AARP FOUNDATION'S EXPERIENCE CORPS PROGRAM | $395,770 |
Foundation For Metrowest Inc Natick, MA PURPOSE: GENERAL SUPPORT | $75,000 |
Wellington Management Foundation Boston, MA PURPOSE: See Part IV | $65,000 |
Oneworld Boston Inc Woburn, MA PURPOSE: EDUCATIONAL PROGRAMMING | $53,000 |
Mass Mentoring Partnership Inc Boston, MA PURPOSE: TO START OR EXPAND YOUTH MENTORING PROGRAMS ACCORDING TO CURRENT BEST PRACTICES AND FOR PURPOSES INCLUDING ADVANCING ACADEMIC PERFORMACE, SELF-ESTEEM, SOCIAL COMPENTENCE AND WORKFORCE DEVELOPMENT. | $25,500 |
Donley Foundation Radnor, PA PURPOSE: GENERAL OPERATING SUPPORT | $10,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Manhattan Youth Recreation And Resources Inc New York, NY | $17,184,242 | $19,141,924 |
Sephardic Community Youth Center Brooklyn, NY | $72,169,796 | $17,975,881 |
Do Something Inc New York, NY | $16,018,625 | $4,390,638 |
Colonie Youth Center Inc Latham, NY | $13,129,145 | $4,748,575 |
Squashbusters Inc Roxbury Crossing, MA | $32,066,323 | $8,675,838 |
El Puente De Williamsburg Inc Brooklyn, NY | $1,746,153 | $3,586,866 |
Manhattan Soccer Club Inc New York, NY | $3,532,103 | $3,811,063 |
Compass Youth Collaborative Inc Hartford, CT | $2,453,740 | $3,584,751 |
Wakeman Memorial Association Inc Fairfield, CT | $16,157,524 | $5,728,148 |
Valeo Futbol Club Inc Newton Center, MA | -$49,861 | $2,149,283 |
Sociedad Latina Inc Roxbury, MA | $10,396,868 | $3,359,611 |
The Dream Program Inc Winooski, VT | $2,278,849 | $2,506,559 |