Mid-State Literacy Council Inc
- Assets
- $354.5k
- Revenue
- $229.4k
- Investments
- $167.6k
- Employees
- 4
- Location
- State College, PA
- Founding
- 01/1977
- Data as of
- 06/2023
- EIN
- 25-1304265
Organization Overview
Mid-State Literacy Council Inc is located in State College, PA. The organization was established in 1977. 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 06/2023, Mid-State Literacy Council Inc employed 4 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Mid-State Literacy Council 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 06/2023, Mid-State Literacy Council Inc generated $229.4k in total revenue. The organization has seen a slow decline revenue. Over the past 4 years, revenues have fallen by an average of (0.1%) each year. All expenses for the organization totaled $258.6k 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
TO PROVIDE ADULT BASIC LITERACY AND ENGLISH AS A SECOND LANGUAGE INSTRUCTION TO ADULTSUSING TRAINED VOLUNTEERS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO PROVIDE ADULT BASIC LITERACY AND ENGLISH AS A SECOND LANGUAGE INSTRUCTION TO ADULTS USING TRAINED VOLUNTEERS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ann Echols President, Director | Trustee | 1 | $0 |
Pam Long Vice-President, Director | Trustee | 1 | $0 |
Ashley Kraige Secretary, Director | Trustee | 1 | $0 |
Kimberly Wyatt Treasurer, Director | Trustee | 1 | $0 |
John Bee Director | Trustee | 1 | $0 |
Mary Dupuis Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $184,618 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $184,618 |
| Total Program Service Revenue | $19,329 |
| Investment income | $7,771 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $17,690 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $229,408 |
| 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. | $62,285 |
| Compensation of current officers, directors, key employees. | $3,024 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $44,455 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $15,702 |
| Payroll taxes | $8,562 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $11,009 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $795 |
| Office expenses | $11,823 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $23,878 |
| Travel | $439 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $3,320 |
| Insurance | $2,116 |
| All other expenses | $813 |
| Total functional expenses | $258,605 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $110,468 |
| Savings and temporary cash investments | $0 |
| 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 | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $76,435 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $167,571 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $354,474 |
| Accounts payable and accrued expenses | $6,759 |
| 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 | $72,232 |
| Total liabilities | $78,991 |
| Net assets without donor restrictions | $254,759 |
| Net assets with donor restrictions | $20,724 |
| 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 | $354,474 |