Literary Aid Society
- Assets
- $57.0k
- Revenue
- $121.8k
- Investments
- $0.0
- Employees
- 8
- Location
- Peru, IN
- Founding
- 05/1968
- Data as of
- 12/2021
- EIN
- 35-0474685
Organization Overview
Literary Aid Society is located in Peru, IN. The organization was established in 1968. According to its NTEE Classification (A70) the organization is classified as: Humanities, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 12/2021, Literary Aid Society employed 8 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Literary Aid Society is a 501(c)(7) and as such, is described as a "Social and Recreational Club" by the IRS.
For the year ending 12/2021, Literary Aid Society generated $121.8k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 8.9% each year. All expenses for the organization totaled $96.9k during the year ending 12/2021. While expenses have increased by 1.5% 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
LITERARY SOCIAL BENEVOLENT ORGANIZATION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
LITERARY SOCIAL BENEVOLENT ORGANIZATION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
William Adams President | OfficerTrustee | 2 | $0 |
Wayne Han Trustee | OfficerTrustee | 2 | $0 |
Robert Marcum Trustee | OfficerTrustee | 2 | $0 |
Jerry Minns Vice Preside | OfficerTrustee | 2 | $0 |
Jesse Pearcy Trustee | OfficerTrustee | 2 | $0 |
Mike Bales Secretary/tr | OfficerTrustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $9,636 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $9,636 |
| Total Program Service Revenue | $3,000 |
| 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 | $36,701 |
| Net Income from Sales of Inventory | $72,366 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $121,771 |
| 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 | $54,883 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $4,616 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $2,463 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $6,250 |
| Advertising and promotion | $497 |
| Office expenses | $2,630 |
| Information technology | $0 |
| Royalties | $1,230 |
| Occupancy | $13,079 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $2,859 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,249 |
| Insurance | $5,437 |
| All other expenses | $0 |
| Total functional expenses | $96,903 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $26,090 |
| 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 | $30,943 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $57,033 |
| Accounts payable and accrued expenses | $2,141 |
| 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 | $9,055 |
| Secured mortgages and notes payable | $41,946 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $53,142 |
| Net assets without donor restrictions | $3,891 |
| 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 | $57,033 |
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| Organization Name | Assets | Revenue |
|---|---|---|
Loretto Literary & Benevolent Institution Nerinx, KY | $3,723,243 | $10,897,100 |
Illinois Humanities Council Incorporated Chicago, IL | $2,155,468 | $4,480,636 |
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American Writers Museum Chicago, IL | $5,150,018 | $2,061,086 |
Missouri Humanities Council St Charles, MO | $2,269,660 | $3,215,573 |
Missouri Automobile Dealers Association Jefferson City, MO | $2,471,878 | $1,969,248 |
Wisconsin Humanities Council Madison, WI | $372,757 | $2,007,119 |
The Clearing Ellison Bay, WI | $3,923,723 | $2,072,867 |
Wisconsin Academy Of Sciences Arts & Letters Madison, WI | $712,983 | $792,015 |
Indianapolis Theatre Fringe Festival Inc Indianapolis, IN | $1,327,063 | $667,100 |
The Poetry Center Dba The Chicago Poetrey Center Chicago, IL | $380,655 | $533,936 |