Literary And Prologue Society Of The Southwest
- Assets
- $648.9k
- Revenue
- $709.4k
- Investments
- $0.0
- Employees
- 0
- Location
- Chandler, AZ
- Founding
- 09/2005
- Data as of
- 06/2023
- EIN
- 20-2868229
Organization Overview
Literary And Prologue Society Of The Southwest is located in Chandler, AZ. The organization was established in 2005. According to its NTEE Classification (A25) the organization is classified as: Arts Education, under the broad grouping of Arts, Culture & Humanities and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Literary And Prologue Society Of The Southwest 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, Literary And Prologue Society Of The Southwest generated $709.4k in total revenue. This organization has experienced exceptional growth, as over the past 3 years, it has increased revenue by an average of 26.2% each year . All expenses for the organization totaled $459.5k during the year ending 06/2023. 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
CELEBRATE CONTEMPORARY LITERATURE AND AUTHORS, AND PROMOTE THE CAUSE OF LITERACY THROUGHOUT ARIZONA.
Describe the Organization's Program Activity:
Part 3 - Line 4a
OUR PROGRAM FOR THE SEASON FEATURED FIVE OUTSTANDING AUTHORS AT FOUR DIFFERENT LUNCHEON VENUES OVER THE COURSE OF FOUR DAYS. THE LITERARY SOCIETY HAS NEGOTIATED WITH VENUES, CONTRACTORS, AND AUTHORS FOR COST CONTAINMENT AND QUALITY CONSISTENCY FOR OUR MEMBERS. WE INCREASED OUR MEMBERSHIP BY 14 OVER THE PREVIOUS SEASON, ENGAGED AND RECOGNIZED OUR GENEROUS MEMBERS, DONORS, AND VOLUNTEERS, AND CONTINUED TO ENHANCE AND GROW COMMUNICATIONS, RELATIONSHIPS, AND RESOURCES TO ENSURE THE LITERARY SOCIETY NOT ONLY CONTINUES TO EXIST BUT THRIVES.
THROUGH NET PROCEEDS FROM MEMBERSHIPS DONATIONS, THE LITERARY SOCIETY PROVIDED GRANTS TO SEVEN NON-PROFIT PROGRAMS THAT IMPROVE LITERACY OUTCOMES IN ARIZONA. OUR GENEROUS MEMBERS CONTRIBUTED ADDITIONAL FUNDS TO RAISE31,825 FOR OUR LITERACY MISSION, MORE THAN DOUBLING OUR GRANT BUDGET TO 56,825.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Laura Huser President | OfficerTrustee | 35 | $0 |
Ellen Brown President Elect | OfficerTrustee | 35 | $0 |
Jayne Lewis Secretary | OfficerTrustee | 35 | $0 |
Lorelei Gonzales Board Member From 11/22/treasurer From 6/8/23 | OfficerTrustee | 25 | $0 |
Mary Beth Herbert Treasurer Until 6/8/23/board Member | OfficerTrustee | 35 | $0 |
Carrie Ostroski Board Member | Trustee | 35 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $340,350 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $218,923 |
| Noncash contributions included in lines 1a–1f | $221 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $559,273 |
| Total Program Service Revenue | $146,020 |
| Investment income | $3,626 |
| 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 | $509 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $709,428 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $56,825 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $12,886 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $65,635 |
| Advertising and promotion | $2,558 |
| Office expenses | $23,324 |
| Information technology | $5,252 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $32,397 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $258,966 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $1,667 |
| All other expenses | $0 |
| Total functional expenses | $459,510 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $9,250 |
| Savings and temporary cash investments | $602,845 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $12,515 |
| 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 | $24,275 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $648,885 |
| Accounts payable and accrued expenses | $1,204 |
| 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 | $1,204 |
| Net assets without donor restrictions | $647,681 |
| 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 | $648,885 |
Grants Awarded
Over the last fiscal year, Literary And Prologue Society Of The Southwest has awarded $56,825 in support to 5 organizations.
| Grant Recipient | Amount |
|---|---|
A STEPPING STONE PURPOSE: Help famililies prep kids for school success | $10,000 |
CHINLE PLANTING HOPE PURPOSE: Bookmobile for Navajo Nation | $11,825 |
LITERACY CONNECTS PURPOSE: Reading proficiency for at-risk children 5-9 | $10,000 |
VALLEYWISE HEALTH FOUNDATION PURPOSE: Engages caregivers in regular book sharing | $10,000 |
OTHERS UNDER THRESHOLD | | | $15,000 |