The Literacy Project Foundation is located in Newport Beach, CA. The organization was established in 1990. According to its NTEE Classification (S80) the organization is classified as: Community Service Clubs, under the broad grouping of Community Improvement & Capacity Building and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Literacy Project Foundation 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 Project Foundation generated $329.2k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 0.5% each year. All expenses for the organization totaled $291.9k 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
THE LITERACY'S PROJECT'S MISSION IS TO ELIMINATE THE LITERACY GAP OF UNDERSERVED SECOND AND THIRD GRADE STUDENTS FROM LOW-INCOME FAMILIES WHO ARE FUNCTIONALLY ILLITERATE. OUR VISION IS TO FOSTER A LIFELONG LOVE OF READING IN EACH STUDENT SINCE READING IS KEY TO LEARNING AND ACHIEVING THE AMERICAN DREAM.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THROUGH PRE- AND POST-TESTING, BOTH ACADEMIC AND ATTITUDINAL, THE LITERACY PROJECT PROGRAM PROVES SIGNIFICANT, MEASURABLE GAINS IN PHONICS, WORD DECODING, WORD IDENTIFICATION, ENGLISH FLUENCY, AND READING, WHICH INCREASES SELF-ESTEEM AND CONFIDENCE IN READING SKILLS. A NATIONALLY ACCLAIMED ASSESSMENT METHOD IS USED FOR THE PRE- AND POST-TESTING OF ATTITUDES.THE ORANGE COUNTY DEPARTMENT OF EDUCATION'S (OCDE), EVALUATION, DATA, AND ASSESSMENT CENTER (EDAC) REVIEWED THE PROGRAM INDEPENDENTLY IN 2012. THE DATA CONCLUDED THAT "TESTED STUDENTS BEGAN THE PROGRAM WITH LOWER READING SKILLS THAN THE COMPARISON GROUP AND TESTED SIGNIFICANTLY HIGHER THAN NON-PARTICIPATING PEERS." IT WAS CONSISTENTLY FOUND THAT PARTICIPATING STUDENTS OUTPERFORMED THEIR NON-PARTICIPATING PEERS, REGARDLESS OF THEIR GRADE, AGE, OR SCHOOL. AS A RESULT, STUDENTS IMPROVED BY THREE-FOURTHS OF A GRADE LEVEL OR SEVEN MONTHS OF CLASSROOM INSTRUCTION.PARTICIPANTS BEGAN THE PROGRAM WITH READING PROFICIENCY LEVELS BELOW 25% OF THEIR NON-PARTICIPATING PEERS. PARTICIPANTS' PHONETIC SKILLS INCREASED BY AN AVERAGE OF 76%, AND THEIR READING PROFICIENCY WAS NEARLY IDENTICAL TO THEIR PEERS, WHICH MEANS TPL'S PROGRAM SUCCEEDED IN "BRIDGING THEIR LITERACY GAP." COMPARED TO THEIR PEERS, THIS IS A SIGNIFICANT IMPROVEMENT. IN SOME CASES, STUDIES SHOW THAT THE PARTICIPANT OUTSCORED THE CONTROL GROUP (NON PARTICIPATING PEERS) BY AS MUCH AS 129%.THE POST PROGRAM ATTITUDINAL SURVEY REVEALED SIGNIFICANT MEASURABLE RESULTS, INCLUDING OVER: 80% REPORTED THAT READING WAS MORE ENJOYABLE 80% FELT THEY HAD BECOME BETTER READERS 60% LIKED SCHOOL MORE 70% FELT THEIR GRADES WERE IMPROVING 75% REPORTED THAT READING BETTER MADE SCHOOL MORE FUN
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Sue Grant Chairman | OfficerTrustee | 40 | $0 |
Scott Lopez Vice President | OfficerTrustee | 5 | $0 |
Penny M Fox Treasurer | OfficerTrustee | 5 | $0 |
Dennis Kuhl Director | Trustee | 3 | $0 |
Arnie Rubin Director | Trustee | 15 | $0 |
Fiona Grandi Director | Trustee | 3 | $0 |
Statement of Revenue | |
---|---|
Federated campaigns | $0 |
Membership dues | $0 |
Fundraising events | $78,298 |
Related organizations | $0 |
Government grants | $0 |
All other contributions, gifts, grants, and similar amounts not included above | $250,861 |
Noncash contributions included in lines 1a–1f | $81,469 |
Total Revenue from Contributions, Gifts, Grants & Similar | $329,159 |
Total Program Service Revenue | $0 |
Investment income | $0 |
Tax Exempt Bond Proceeds | $0 |
Royalties | $0 |
Net Rental Income | $0 |
Net Gain/Loss on Asset Sales | $0 |
Net Income from Fundraising Events | $0 |
Net Income from Gaming Activities | $0 |
Net Income from Sales of Inventory | $0 |
Miscellaneous Revenue | $0 |
Total Revenue | $329,159 |
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 | $9,666 |
Pension plan accruals and contributions | $0 |
Other employee benefits | $0 |
Payroll taxes | $800 |
Fees for services: Management | $75,000 |
Fees for services: Legal | $0 |
Fees for services: Accounting | $3,500 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $0 |
Fees for services: Other | $31,636 |
Advertising and promotion | $2,985 |
Office expenses | $12,221 |
Information technology | $0 |
Royalties | $0 |
Occupancy | $29,376 |
Travel | $799 |
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 | $87 |
Insurance | $819 |
All other expenses | $24,976 |
Total functional expenses | $291,901 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $683,198 |
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 | $57,860 |
Prepaid expenses and deferred charges | $1,164 |
Net Land, buildings, and equipment | $2,229 |
Investments—publicly traded securities | $0 |
Investments—other securities | $0 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $2,448 |
Total assets | $746,899 |
Accounts payable and accrued expenses | $1,000 |
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 | $1,401 |
Total liabilities | $2,401 |
Net assets without donor restrictions | $744,498 |
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 | $746,899 |