Kern Literacy Council
- Assets
- $663.2k
- Revenue
- $644.1k
- Investments
- $0.0
- Employees
- 4
- Location
- Bakersfield, CA
- Founding
- 06/1973
- Data as of
- 12/2022
- EIN
- 23-7312722
Organization Overview
Kern Literacy Council is located in Bakersfield, CA. The organization was established in 1973. 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 12/2022, Kern Literacy Council employed 4 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Kern Literacy Council 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 12/2022, Kern Literacy Council generated $644.1k in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 14.6% each year . All expenses for the organization totaled $307.8k during the year ending 12/2022. While expenses have increased by 7.1% per year over the past 8 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
MISSION IS TO EMPOWER INDIVIDUALS TO IMPROVE THEIR QUALITY OF LIFE THROUGH LITERACY EDUCATION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
12,882 HOURS OF TUTORING WERE PROVIDED BY VOLUNTEER TUTORS. THE FMV OF THESE HOURS IS $199,671.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Laura Wolfe Past Exec Dir | Officer | 40 | $70,031 |
Ian Anderson Executive Dir. | Officer | 40 | $12,500 |
Dan Klingenberger Member At Large | Trustee | 2 | $0 |
Rita Sluga President | Trustee | 2 | $0 |
Valorie Sill Member At Large | Trustee | 2 | $0 |
Vernon Harper Member At Large | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $20,100 |
| All other contributions, gifts, grants, and similar amounts not included above | $535,004 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $555,104 |
| Total Program Service Revenue | $908 |
| Investment income | $1,823 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$330 |
| Net Income from Fundraising Events | $86,251 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $644,069 |
| 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. | $82,530 |
| Compensation of current officers, directors, key employees. | $16,506 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $73,881 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $10,709 |
| Payroll taxes | $13,434 |
| 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 | $10,769 |
| Advertising and promotion | $0 |
| Office expenses | $9,187 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $6,260 |
| Travel | $130 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $5,314 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $6,076 |
| Insurance | $4,151 |
| All other expenses | $14,662 |
| Total functional expenses | $307,813 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $88,779 |
| Savings and temporary cash investments | $246,424 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $5,728 |
| Prepaid expenses and deferred charges | $43 |
| Net Land, buildings, and equipment | $85,227 |
| Investments—publicly traded securities | $237,024 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $663,225 |
| Accounts payable and accrued expenses | $4,223 |
| 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 | $4,223 |
| Net assets without donor restrictions | $659,002 |
| 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 | $663,225 |