Michigan Literacy Inc
- Assets
- $67.3k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Bay City, MI
- Founding
- 01/2010
- Data as of
- 12/2023
- EIN
- 38-2693026
Organization Overview
Michigan Literacy Inc is located in Bay City, MI. The organization was established in 2010. According to its NTEE Classification (B92) the organization is classified as: Remedial Reading & Encouragement, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Michigan Literacy 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 12/2023, Michigan Literacy Inc generated $65.1k in total revenue. The organization has seen a slow decline revenue. Over the past 9 years, revenues have fallen by an average of (0.2%) each year. All expenses for the organization totaled $54.4k during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (2.0%) per year over the past 9 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3
STIMULATE PUBLIC AWARENESS OF THE PROBLEMS AND SCOPE OF ILLITERACY AND ALSO TO RECRUIT AND TRAIN VOLUNTEER TUTORS AND RECRUIT AND TUTOR UNDEREDUCATED ADULTS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kathy Rayner Director | 30 | $27,040 | |
Marie Rabideau Member | 2 | $0 | |
Daniel Dewaele Treasurer | 2 | $0 | |
Tami Sinicki Member | 2 | $0 | |
Rosemary Golden Secretary | 2 | $0 | |
Chris Houle Vice President | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $47,795 |
| Total Program Service Revenue | $0 |
| Membership dues | $10,615 |
| Investment income | $5,563 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $1,166 |
| Other Revenue | $0 |
| Total Revenue | $65,139 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $33,780 |
| Professional fees and other payments to independent contractors | $575 |
| Occupancy, rent, utilities, and maintenance | $9,448 |
| Printing, publications, postage, and shipping | $119 |
| Other expenses | $10,465 |
| Total expenses | $54,387 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $18,796 |
| Other assets | $0 |
| Total assets | $67,279 |
| Total liabilities | $2,072 |
| Net assets or fund balances | $65,207 |