Literacy Volunteers Of Bangor
- Assets
- $425.5k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 4
- Location
- Bangor, ME
- Founding
- 08/2004
- Data as of
- 06/2023
- EIN
- 23-7409749
Organization Overview
Literacy Volunteers Of Bangor is located in Bangor, ME. The organization was established in 2004. According to its NTEE Classification (B11) the organization is classified as: Single Organization Support, under the broad grouping of Education and related organizations. As of 06/2023, Literacy Volunteers Of Bangor employed 4 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Literacy Volunteers Of Bangor 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, Literacy Volunteers Of Bangor generated $197.8k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 5.7% each year. All expenses for the organization totaled $162.4k during the year ending 06/2023. While expenses have increased by 3.7% 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
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
THIS ORGANIZATION PROVIDES FREE EDUCATIONAL SUPPORT TO ADULTS WITH LITERACY BARRIERS.
Describe the Organization's Program Activity:
Part 3
BASIC LITERACY PROGRAM HELPS ADULTS WITH LITERACY BARRIERS REACH THEIR PERSONAL AND EDUCATIONAL GOALS AS THEY RELATE TO IMPROVED READING, WRITING AND SPELLING. IN FISCAL YEAR ENDING JUNE 30,2022, 89 ADULTS BENEFITED.
ENGLISH LANGUAGE PROGRAM HELPS IMMIGRANTS OR "NEW MAINERS" GAIN CONVERSATIONAL ENGLISH SKILLS SO THAT THEY CAN MORE FULLY FUNCTION IN OUR COMMUNITY. ADDITIONALLY, TUTORS SERVE AS "CULTURAL BROKERS" TO EXPLAIN THE NUANCES OF AMERICAN CULTURE AND HELP THEM PREPARE FOR THE U.S. CITIZENSHIP EXAM. IN FISCAL YEAR ENDING JUNE 30, 2022, 85 ADULTS BENEFITED.
FAMILY LITERACY PROGRAM INCLUDES PROGRAMMING FOR THOSE ADULTS WHO ARE PARENTING CHILDREN. LITERATE PARENTS ARE BETTER POSITIONED TO CARE FOR THEIR CHILDREN IN HOME, WORK, SCHOOL AND HEALTH CARE ENVIRONMENTS. IN FISCAL YEAR ENDING JUNE 30, 2022, 60 PARENTING ADULTS AND APPROXIMATELY 128 CHILDREN AGES 0-12 YEARS WERE SERVED.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Natalie Nadeau Director | 2 | $0 | |
Danielle Berube Treasurer | 1 | $0 | |
Sally Dobres Director | 2 | $0 | |
Denise Allen Secretary | 3 | $0 | |
Donna Keirstead President | 2 | $0 | |
John Lopez Valencia Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $196,024 |
| Total Program Service Revenue | $910 |
| Membership dues | $0 |
| Investment income | $872 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $197,806 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $118,699 |
| Professional fees and other payments to independent contractors | $4,604 |
| Occupancy, rent, utilities, and maintenance | $5,746 |
| Printing, publications, postage, and shipping | $6,034 |
| Other expenses | $27,272 |
| Total expenses | $162,355 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $418,341 |
| Other assets | $0 |
| Total assets | $425,502 |
| Total liabilities | $410 |
| Net assets or fund balances | $425,092 |