Greater Indianapolis Literacy League Inc
- Assets
- $1.3m
- Revenue
- $1.4m
- Investments
- $0.0
- Employees
- 33
- Location
- Indianapolis, IN
- Founding
- 10/1988
- Data as of
- 06/2022
- EIN
- 31-1227489
Organization Overview
Greater Indianapolis Literacy League Inc, operating under the name Indy Reads, is located in Indianapolis, IN. 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, Indy Reads employed 33 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Indy Reads 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, Indy Reads generated $1.4m in total revenue. This organization has experienced exceptional growth, as over the past 3 years, it has increased revenue by an average of 16.0% each year . All expenses for the organization totaled $1.3m during the year ending 06/2022. While expenses have increased by 11.1% per year over the past 3 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
TO PROMOTE AND IMPROVE THE LITERACY OF ADULTS AND FAMILIES IN CENTRAL INDIANA.
Describe the Organization's Program Activity:
Part 3 - Line 4a
INDY READS' COMMUNITY CLASSROOMS PROGRAM INCLUDES LITERACY AND ENGLISH LANGUAGE LEARNER (ELL) CLASSES AND HIGH SCHOOL EQUIVALENCY CLASSES FOR ADULT LEARNERS AT LOCATIONS IN THE INDIANAPOLIS METRO AREA. THE INSTRUCTOR-LED (AMERICORPS) AND VOLUNTEER-SUPPORTED CLASSES PROVIDE RESOURCES AND TOOLS NEEDED FOR LEARNERS TO INCREASE LITERACY AND ENGLISH LANGUAGE PROFICIENCY AS WELL AS COMPLETE HIGH SCHOOL EQUIVALENCY TESTING. OUR CERTIFICATION PROGRAM PROVIDES ADULT LEARNERS WITH THE OPPORTUNITY TO EARN INDUSTRY-RECOGNIZED CREDENTIALS THROUGH INSTRUCTION AND GUIDANCE FROM INDY READS STAFF. THESE SHORT-TERM EDUCATIONAL OPPORTUNITIES INCREASE PARTICIPANTS' EMPLOYABILITY.
INDY READS' BOOKSTORE SELLS NEW AND USED BOOKS IN ADDITION TO PROMOTING LITERACY THROUGH MORE THAN 150 FREE LITERACY, ARTS AND CULTURAL EVENTS, INCLUDING CHILDREN'S READING TIME.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Chad Schenkel Chair | OfficerTrustee | 3 | $0 |
Rachel Spehler Vice Chair | OfficerTrustee | 3 | $0 |
Jason Bearce Secretary | OfficerTrustee | 3 | $0 |
Adarsh Mantravadi Treasurer | OfficerTrustee | 3 | $0 |
Lori Hall Immediate Past Board Chair | OfficerTrustee | 3 | $0 |
Matthew Bruhn Board Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $580,563 |
| All other contributions, gifts, grants, and similar amounts not included above | $695,693 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,276,256 |
| Total Program Service Revenue | $17,090 |
| Investment income | $2,612 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$3,263 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $106,166 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,398,861 |
| 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. | $151,016 |
| Compensation of current officers, directors, key employees. | $15,786 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $634,723 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $88,464 |
| Payroll taxes | $63,023 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $17,350 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $1,397 |
| Fees for services: Other | $122,226 |
| Advertising and promotion | $2,804 |
| Office expenses | $40,936 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $68,898 |
| Travel | $4,906 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,966 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $16,978 |
| Insurance | $5,586 |
| All other expenses | $0 |
| Total functional expenses | $1,256,418 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $123,420 |
| Savings and temporary cash investments | $332,952 |
| Pledges and grants receivable | $284,330 |
| Accounts receivable, net | $18,069 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $6,700 |
| Prepaid expenses and deferred charges | $4,249 |
| Net Land, buildings, and equipment | $188,510 |
| Investments—publicly traded securities | $153,615 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $176,410 |
| Total assets | $1,288,255 |
| Accounts payable and accrued expenses | $59,346 |
| Grants payable | $0 |
| Deferred revenue | $3,108 |
| 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 | $62,454 |
| Net assets without donor restrictions | $812,280 |
| Net assets with donor restrictions | $413,521 |
| 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 | $1,288,255 |