The Literacy Alliance Inc
- Assets
- $841.7k
- Revenue
- $746.3k
- Investments
- $90.1k
- Employees
- 19
- Location
- Fort Wayne, IN
- Founding
- 02/1977
- Data as of
- 08/2022
- EIN
- 35-1710780
Organization Overview
The Literacy Alliance Inc is located in Fort Wayne, IN. 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 08/2022, Literacy Alliance Inc employed 19 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Literacy Alliance 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 08/2022, Literacy Alliance Inc generated $746.3k in total revenue. This represents relatively stable growth, over the past 3 years the organization has increased revenue by an average of 3.4% each year. All expenses for the organization totaled $958.4k during the year ending 08/2022. 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
LITERACY CHANGES LIVES. OUR MISSION IS TO EMPOWER PEOPLE AND STRENGTHEN COMMUNITY THROUGH EDUCATION. IN SUPPORT OF ITS MISSION, THE LITERACY ALLIANCE SERVES ADULTS THROUGH FREE INSTRUCTION IN ADULT BASIC EDUCATION SKILLS, HIGH SCHOOL EQUIVALENCY PREPARATION, AND ENGLISH LANGUAGE LEARNING. TLA SERVES K-3 SCHOOL CHILDREN BY PROVIDING TUTORS WHO HELP STUDENTS ACHIEVE GRADE-LEVEL READING GOALS. THE LITERACY ALLIANCE COLLABORATES WITH LOCAL SCHOOLS AND COMMUNITY ORGANIZATIONS TO PROVIDE ON-SITE INSTRUCTION AND MUTUAL REFERRALS. TLA ALSO PLACES A FAMILY LIBRARY IN EACH NEW HABITAT FOR HUMANITY HOME AT THE TIME OF DEDICATION. VOLUNTEERS ARE AN ESSENTIAL PART OF THE INSTRUCTION TEAM IN ALL PROGRAM AREAS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE LITERACY ALLIANCE BEGAN OPERATING PROJECT READS IN FY 21-22. PROJECT READS SERVES K-3 STUDENTS TO HELP THEM ATTAIN GRADE-LEVEL READING. ALL OTHER PROGRAMS SERVE ADULTS BY OFFERING ADULT BASIC EDUCATION IN READING, WRITING AND MATH UNDER THE GUIDANCE OF TEACHERS, SITE COORDINATORS AND VOLUNTEER TUTORS. PROJECT BUILD ASSISTS IN BASIC SKILL BUILDING; PROJECT GRADUATE OFFERS HIGH SCHOOL EQUIVALENCY PREPARATION AND PROJECT CONNECT OFFERS ENGLISH LANGUAGE LEARNING. ALL PROGRAMS ARE FREE OF COST TO STUDENTS. IN 2021-22, 273 TOTAL STUDENTS WERE SERVED. STAFF WAS ASSISTED BY 124 VOLUNTEERS PROVIDING 5,121 HOURS OF SERVICE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Corey Porter Chair | OfficerTrustee | 3 | $0 |
Isabel Nunez Vice Chair | OfficerTrustee | 3 | $0 |
Michaela Baldwin Treasurer | OfficerTrustee | 3 | $0 |
Tammy Allen Secretary | OfficerTrustee | 3 | $0 |
Kara Densmore Director | Trustee | 1 | $0 |
Susan Baier Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $212,615 |
| All other contributions, gifts, grants, and similar amounts not included above | $479,137 |
| Noncash contributions included in lines 1a–1f | $3,538 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $691,752 |
| Total Program Service Revenue | $0 |
| Investment income | $3,944 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $50,606 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $746,302 |
| 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. | $79,978 |
| Compensation of current officers, directors, key employees. | $9,443 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $517,491 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $37,800 |
| Payroll taxes | $46,638 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $599 |
| Fees for services: Other | $39,758 |
| Advertising and promotion | $7,971 |
| Office expenses | $18,443 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $57,639 |
| Travel | $448 |
| 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 | $16,197 |
| Insurance | $4,943 |
| All other expenses | $35,547 |
| Total functional expenses | $958,419 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $150 |
| Savings and temporary cash investments | $380,149 |
| Pledges and grants receivable | $288,891 |
| 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 | $7,705 |
| Net Land, buildings, and equipment | $71,820 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $90,050 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $2,968 |
| Total assets | $841,733 |
| Accounts payable and accrued expenses | $25,559 |
| Grants payable | $0 |
| Deferred revenue | $28,036 |
| 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 | $20,983 |
| Total liabilities | $74,578 |
| Net assets without donor restrictions | $515,818 |
| Net assets with donor restrictions | $251,337 |
| 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 | $841,733 |