Literacy Assistance Center
- Assets
- $1.6m
- Revenue
- $2.4m
- Investments
- $0.0
- Employees
- 16
- Location
- New York, NY
- Founding
- 10/1988
- Data as of
- 06/2021
- EIN
- 13-3179618
Organization Overview
Literacy Assistance Center is located in New York, NY. The organization was established in 1988. As of 06/2021, Literacy Assistance Center employed 16 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Literacy Assistance Center 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 06/2021, Literacy Assistance Center generated $2.4m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 6.5% each year. All expenses for the organization totaled $2.2m during the year ending 06/2021. While expenses have increased by 4.1% per year over the past 6 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE MISSION OF THE LITERACY ASSISTANCE CENTER (LAC) IS TO STRENGTHEN AND EXPAND THE AUDLT EDUCATION SYSTEM, AND TO ADVANCE ADULT LITERACY AS A CORE VALUE IN OUR SOCIETY AND A FOUNDATION FOR EQUAL OPPORTUNITY AND SOCIAL JUSTICE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
EDUCATIONAL ENTERPRISESIN FY 2021, THE LAC WAS CONTRACTED TO PROVIDE PROFESSIONAL DEVELOPMENT AND TECHNICAL ASSISTANCE SERVICES TO OVER 90 COMMUNITY-BASED ADULT AND ADOLESCENT LITERACY PROGRAMS AND OVER 30 OUT-OF-SCHOOL AND IN-SCHOOL YOUTH WORKFORCE DEVELOPMENT PROGRAMS FUNDED THROUGH THE NEW YORK CITY DEPARTMENT OF YOUTH AND COMMUNITY DEVELOPMENT (DYCD). THE LAC ALSO CONTINUED TO OFFER TRAINING AND TECHNICAL ASSISTANCE SERVICES ON A FEE-FOR-SERVICES BASIS TO ADULT LITERACY, HIGH SCHOOL EQUIVALENCY, AND ADULT ENGLISH LANGUAGE PROGRAMS THROUGHOUT THE UNITED STATES.
LITERACY DATA SERVICESIN FY 2021, THE LAC COMPLETED THE LAST SIX MONTHS OF THE THIRD YEAR AND THE FIRST SIX MONTHS OF THE FOURTH YEAR OF A FIVE-YEAR CONTRACT TO MANAGE AND MAINTAIN THE NEW YORK STATE EDUCATION DEPARTMENT'S (NYSED'S) ADULT STUDENT INFORMATION SYSTEM AND TECHNICAL SUPPORT (ASISTS), THE ONLINE SYSTEM WHICH COLLECTS AND ANALYZES DATA ON APPROXIMATELY 75,000 ADULT LITERACY STUDENTS IN NEW YORK STATE EACH YEAR. ASISTS IS THE BACKBONE OF THE ACCOUNTABILITY SYSTEM EMPLOYED BY THE NYSED TO EVALUATE AND FUND OVER 150 ADULT LITERACY PROGRAMS THROUGHOUT THE STATE.
RESOURCE CENTERIN FY 2021, THE LAC COMPLETED THE FIRST YEAR OF A FIVE-YEAR CONTRACT TO SERVE AS THE NEW YORK STATE EDUCATION DEPARTMENT ADULT EDUCATION PROGRAM AND POLICY TEAM'S SUPPORT AND TECHNICAL ASSISTANCE CENTER (STAC) FOR NEW YORK CITY. UNDER THE STAC, THE LAC PROVIDED ONE-ON-ONE SUPPORT AND TECHNICAL ASSISTANCE TO 16 NYSED-FUNDED ADULT LITERACY EDUCATION (ALE) PROGRAMS THROUGHOUT NYC. THE NYSED-FUNDED PROVIDERS THAT THE LAC SUPPORTS INCLUDE COMMUNITY-BASED ORGANIZATIONS, CITY UNIVERSITY OF NEW YORK COLLEGES, AND PUBLIC LIBRARIES THAT HOUSE ADULT LITERACY EDUCATION PROGRAMS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ira Yankwitt Executive Director | Officer | 35 | $129,277 |
Venugopal Thelakkat Chief Technical & Administ | 35 | $116,124 | |
Elizabeth Horton Chair | OfficerTrustee | 1 | $0 |
J David Nelson Treasurer | OfficerTrustee | 1 | $0 |
Matthew Berlin Member | Trustee | 1 | $0 |
Suzanne Carothers Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $2,295,125 |
| All other contributions, gifts, grants, and similar amounts not included above | $137,876 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,433,001 |
| Total Program Service Revenue | $11,850 |
| Investment income | $99 |
| 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 | $2,446,043 |
| 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. | $308,185 |
| Compensation of current officers, directors, key employees. | $36,922 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $995,013 |
| Pension plan accruals and contributions | $26,457 |
| Other employee benefits | $131,831 |
| Payroll taxes | $93,432 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $133,427 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $66,079 |
| Advertising and promotion | $0 |
| Office expenses | $37,456 |
| Information technology | $150,747 |
| Royalties | $0 |
| Occupancy | $180,662 |
| Travel | $111 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $6,558 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $14,752 |
| Insurance | $14,209 |
| All other expenses | $2,838 |
| Total functional expenses | $2,161,757 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,117,917 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $404,405 |
| Accounts receivable, net | $44,870 |
| 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 | $17,821 |
| Net Land, buildings, and equipment | $16,168 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $27,345 |
| Total assets | $1,628,526 |
| Accounts payable and accrued expenses | $206,027 |
| 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 | $206,027 |
| Net assets without donor restrictions | $1,374,239 |
| Net assets with donor restrictions | $48,260 |
| 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 | $1,628,526 |
Grants Recieved
Over the last fiscal year, we have identified 5 grants that Literacy Assistance Center has recieved totaling $68,051.
| Awarding Organization | Amount |
|---|---|
David And Barbara B Hirschhorn Foundation Inc Baltimore, MD PURPOSE: GENERAL SUPPORT | $35,000 |
Robert Sterling Clark Foundation Inc New York, NY PURPOSE: GENERAL SUPPORT | $20,000 |
Network For Good Inc Washington, DC PURPOSE: UNRESTRICTED | $10,535 |
Tudor Foundation Inc Stamford, CT PURPOSE: CHARITABLE PURPOSES | $2,500 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $16 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Literacy Pittsburgh Pittsburgh, PA | $5,314,823 | $5,305,120 |
Mercy Learning Center Of Bridgeport Incorporated Bridgeport, CT | $11,401,730 | $5,233,526 |
Literacy Assistance Center New York, NY | $1,628,526 | $2,446,043 |
Community Learning Center Philadelphia, PA | $0 | $1,706,278 |
Delaware County Literacy Council Chester, PA | $1,024,864 | $1,448,020 |
Chester County Opportunities Industrialization Center Coatesville, PA | $1,013,841 | $1,688,281 |
East Boston Harborside Community School Council Inc East Boston, MA | $531,046 | $1,275,199 |
Tutorial Center Bennington, VT | $532,029 | $525,977 |
Adult Literacy Lawrence County New Castle, PA | $54,905 | $209,570 |
Chester County Night School West Chester, PA | $242,347 | $72,361 |
The Capital Region Literacy Council Harrisburg, PA | $101,431 | $0 |