Literacy Center Inc

Organization Overview

Literacy Center Inc is located in Attleboro, MA. The organization was established in 1992. 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 06/2021, Literacy Center Inc employed 22 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Literacy Center Inc 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 Center Inc generated $823.0k in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 5.5% each year. All expenses for the organization totaled $627.2k during the year ending 06/2021. While expenses have increased by 10.0% 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.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

THE MISSION OF THE LITERACY CENTER IS TO PROVIDE LITERACY SERVICES AND EDUCATIONAL SUPPORT TO INDIVIDUALS AND FAMILIES SEEKING TO ACQUIRE THE SKILLS NEEDED TO ATTAIN PERSONAL AND EMPLOYMENT GOALS.

Describe the Organization's Program Activity:

Part 3 - Line 4a

TO PROVIDE ADULT BASIC EDUCATION SERVICES TO 500 STUDENTS PER YEAR THROUGH CLASSES (22) OR TRAINED VOLUNTEER TUTORS (OVER 100) TO INDIVIDUALS WHO EITHER LACK BASIC LITERACY, NUMERACY, OR COMPUTER SKILLS, NEED TO EARN A HIGH SCHOOL EQUIVALENCY, OR NEED TO LEARN ENGLISH. STUDENTS WORK TO EARN CITIZENSHIP OR TO QUALIFY FOR ENTRANCE INTO COLLEGE OR TRAINING PROGRAMS.


DISBURSED COVID RELIEF FUNDS TO STUDENTS FOR RENTAL AND OTHER ASSISTANCE.


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Board, Officers & Key Employees

Name (title)Compensation
Amanda Blount
Executive Direc
$68,835
Terese Reynolds
Vice President
$0
Frank Cook
President
$0
Irene Pelley
Secretary
$0
Nancy Lee Monroe
Treasurer
$0
Zayra Juarez
Director
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $437,197
All other contributions, gifts, grants, and similar amounts not included above$244,112
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$681,309
Total Program Service Revenue$7,721
Investment income $11,020
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $119,267
Net Income from Fundraising Events $3,677
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $822,994

Grants Recieved

Over the last fiscal year, we have identified 11 grants that Literacy Center Inc has recieved totaling $292,042.

Awarding OrganizationAmount
Shepherds - A Family Foundation

Wayzata, MN

PURPOSE: GENERAL FUND

$200,000
Organization Name not Listed

PURPOSE: CHARITABLE

|

$47,500
Sensata Technologies Foundation Inc

Attleboro, MA

PURPOSE: COMMUNITY

$20,000
New England Patriots Charitable Foundation Inc

Foxboro, MA

PURPOSE: HUMAN SERVICES

$10,000
Harborone Foundation

Brockton, MA

PURPOSE: YOUTH SERVICES

$7,000
Max And Marion Volterra Charitable Foundation Inc

Attleboro, MA

PURPOSE: BENEVOLENCE

$5,000
View Grant Recipient Profile

Endowment Analysis

Beg. Balance$261,567
Earnings$4,073
Net Contributions$250,000
Ending Balance$515,640

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