Literacy Volunteers Of Greater Waterbury
- Assets
- $237.3k
- Revenue
- $177.7k
- Investments
- $0.0
- Employees
- 2
- Location
- Waterbury, CT
- Founding
- 06/2004
- Data as of
- 06/2022
- EIN
- 06-1452659
Organization Overview
Literacy Volunteers Of Greater Waterbury is located in Waterbury, CT. The organization was established in 2004. According to its NTEE Classification (B60) the organization is classified as: Adult Education, under the broad grouping of Education and related organizations. As of 06/2022, Literacy Volunteers Of Greater Waterbury employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Literacy Volunteers Of Greater Waterbury 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, Literacy Volunteers Of Greater Waterbury generated $177.7k in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (1.9%) each year. All expenses for the organization totaled $147.2k during the year ending 06/2022. As we would expect to see with falling revenues, expenses have declined by (3.8%) 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
LITERACY VOLUNTEERS OF GREATER WATERBURY, INC. PROVIDES COMMUNITY-BASED EDUCATION PROGRAMS
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO FOSTER INCREASED LITERACY AND ENGLISH LANGUAGE SKILLS TO MEMBERS OF THE GREATER WATERBURY COMMUNITY WITH LIMITED PROFICIENCY IN ENGLISH.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jessica Reho Executive Director | Officer | 35 | $69,808 |
Justin Golden President | OfficerTrustee | 1 | $0 |
Mandy Allen-Fischer Treasurer | Officer | 1 | $0 |
Julie Pesce Secretary | Officer | 1 | $0 |
Emily Barbagallo Vice President | Officer | 1 | $0 |
Ashleigh Cocuzzi Vice President | Officer | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $61,710 |
| All other contributions, gifts, grants, and similar amounts not included above | $97,607 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $159,317 |
| Total Program Service Revenue | $0 |
| Investment income | $94 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $18,270 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $177,681 |
| 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. | $69,807 |
| Compensation of current officers, directors, key employees. | $10,471 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $37,552 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $4,186 |
| Payroll taxes | $8,573 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $1,312 |
| Advertising and promotion | $0 |
| Office expenses | $5,377 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| 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 | $1,717 |
| Insurance | $3,176 |
| All other expenses | $0 |
| Total functional expenses | $147,176 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $196,411 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $28,780 |
| Accounts receivable, net | $173 |
| 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 | $0 |
| Net Land, buildings, and equipment | $11,943 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $237,307 |
| Accounts payable and accrued expenses | $3,100 |
| 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 | $3,100 |
| Net assets without donor restrictions | $234,207 |
| Net assets with donor restrictions | $0 |
| 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 | $237,307 |
Grants Recieved
Over the last fiscal year, we have identified 11 grants that Literacy Volunteers Of Greater Waterbury has recieved totaling $37,023.
| Awarding Organization | Amount |
|---|---|
Charities Aid Foundation America Alexandria, VA PURPOSE: CHARITABLE DONATION | $9,000 |
Ion Bank Foundation Inc Naugatuck, CT PURPOSE: GRANT | $6,000 |
Connecticut Community Foundation Inc Waterbury, CT PURPOSE: ADULT LITERACY | $5,300 |
Liberty Bank Foundation Middletown, CT PURPOSE: TO SUPPORT THE ADULT LITERACY PROGRAM | $5,000 |
American Savings Foundation Inc New Britain, CT PURPOSE: COMMUNITY GRANTS - 2021 TUTOR RECRUITMENT AND TRAINING PROGRAM - YEAR 2 | $3,500 |
Savings Bank Of Danbury Foundation Inc Danbury, CT PURPOSE: EXEMPT PURPOSES | $3,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Practising Law Institute New York, NY | $169,437,578 | $109,173,484 |
Bellwether Education Partners Inc Sudbury, MA | $12,819,060 | $18,147,451 |
Workforce Development Institute Inc Albany, NY | $2,796,326 | $10,204,057 |
Vhs Inc Maynard, MA | $2,159,485 | $7,029,751 |
United For Respect Education Fund Brooklyn, NY | $7,552,270 | $7,410,651 |
1st Street Foundation Inc Brooklyn, NY | $4,623,074 | $8,726,760 |
More Than Words Inc Boston, MA | $15,091,779 | $6,459,719 |
West Bay Collaborative Inc Warwick, RI | $2,617,303 | $5,710,370 |
Leading Edge Alliance Inc New York, NY | $10,397,327 | $8,264,467 |
Connecticut Center For Arts & Technology Inc New Haven, CT | $3,075,426 | $11,576,748 |
Read To Lead Inc New York, NY | $3,901,385 | $3,177,958 |
Foundation For Civic Leadership Inc Cambridge, MA | $2,419,879 | $3,718,020 |