Literacy Council Of Norristown Inc
- Assets
- $368.3k
- Revenue
- $235.3k
- Investments
- $0.0
- Employees
- 15
- Location
- Norristown, PA
- Founding
- 11/1988
- Data as of
- 06/2022
- EIN
- 23-2480501
Organization Overview
Literacy Council Of Norristown Inc is located in Norristown, PA. The organization was established in 1988. 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 Council Of Norristown Inc employed 15 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Literacy Council Of Norristown 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 06/2022, Literacy Council Of Norristown Inc generated $235.3k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 6.3% each year. All expenses for the organization totaled $194.3k during the year ending 06/2022. While expenses have increased by 7.2% per year over the past 7 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE LITERACY COUNCIL OF NORRISTOWN SUPPORTS ADULT LEARNERS TO LEARN READING, WRITING, AND MATH, AND TO PREPARE FOR THEIR GED, LEARN ENGLISH, AND BECOME CITIZENS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SUPPORTS ADULT LEARNERS TO LEARN READING, WRITING, AND MATH, AND TO PREPARE FOR THEIR GED, LEARN ENGLISH, AND BECOME CITIZENS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Eileen Hallstrom Executive Director | Officer | 38 | $20,833 |
Susan White-Herchek Execdir To 31dec2020 | Trustee | 0 | $16,667 |
Srinivas Kappagantula President To Dec2020 | OfficerTrustee | 2 | $0 |
Kevin Mcgrath Vice President | OfficerTrustee | 2 | $0 |
Lauren Walizer Treasurer | OfficerTrustee | 2 | $0 |
Robert Sheppard Secretary | OfficerTrustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $50,000 |
| All other contributions, gifts, grants, and similar amounts not included above | $177,401 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $227,401 |
| Total Program Service Revenue | $0 |
| Investment income | $3,723 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $4,181 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $235,305 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $122,507 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $10,490 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $3,125 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $3,874 |
| Office expenses | $8,646 |
| Information technology | $231 |
| Royalties | $0 |
| Occupancy | $5,050 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,147 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $2,461 |
| All other expenses | $0 |
| Total functional expenses | $194,349 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $241,871 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $11,000 |
| Accounts receivable, net | $6,000 |
| 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 | $0 |
| Investments—publicly traded securities | $109,435 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $368,306 |
| Accounts payable and accrued expenses | $2,897 |
| 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 | $2,897 |
| Net assets without donor restrictions | $336,554 |
| Net assets with donor restrictions | $28,855 |
| 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 | $368,306 |
Grants Recieved
Over the last fiscal year, we have identified 8 grants that Literacy Council Of Norristown Inc has recieved totaling $54,572.
| Awarding Organization | Amount |
|---|---|
Alfred And Mary Douty Foundation Philadelphia, PA PURPOSE: UNRESTRICTED: 2022 AND 2023 GRANT PAYMENTS | $20,000 |
The Gordon Charter Foundation Wayne, PA PURPOSE: FOR GENERAL OPERATING FUNDS | $10,000 |
Dollar General Literacy Foundation Goodlettsville, TN PURPOSE: ADULT LITERACY | $10,000 |
Genuardi Family Foundation Blue Bell, PA PURPOSE: OPERATIONAL SUPPORT | $7,000 |
Nora Roberts Foundation Inc Glenn Dale, MD PURPOSE: OPERATIONS | $4,000 |
D L Saunders Lawrence Saunders Fund Radnor, PA PURPOSE: FOR GENERAL OPERATING FUNDS FOR ADULT LITERACY PROGRAMS | $3,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Practising Law Institute New York, NY | $169,437,578 | $109,173,484 |
Lundeberg Maryland Seamanship School Inc Camp Springs, MD | $45,157,117 | $7,542,637 |
Umbc Training Enterprises Inc Columbia, MD | $4,982,165 | $14,677,321 |
Workforce Development Institute Inc Albany, NY | $2,796,326 | $10,204,057 |
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 |
Local Union 164 Electrical Joint Apprenticeship And Training Trust Paramus, NJ | $19,017,559 | $4,299,279 |
Leading Edge Alliance Inc New York, NY | $10,397,327 | $8,264,467 |
Chronic Liver Disease Foundation Inc Clark, NJ | $1,027,147 | $3,658,520 |
Read To Lead Inc New York, NY | $3,901,385 | $3,177,958 |
Resource Training Center Inc Staten Island, NY | $1,509,183 | $2,732,050 |
Institute Of Classical Architecture And Art Inc New York, NY | $5,800,944 | $3,154,717 |