Childrens Literacy Network
- Assets
- $470.6k
- Revenue
- $346.0k
- Investments
- $0.0
- Employees
- 13
- Location
- Ann Arbor, MI
- Founding
- 07/1992
- Data as of
- 12/2023
- EIN
- 38-3002473
Organization Overview
Childrens Literacy Network is located in Ann Arbor, MI. The organization was established in 1992. According to its NTEE Classification (P58) the organization is classified as: Gift Distribution, under the broad grouping of Human Services and related organizations. As of 12/2023, Childrens Literacy Network employed 13 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Childrens Literacy Network 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, Childrens Literacy Network generated $346.0k in total revenue. This organization has experienced exceptional growth, as over the past 9 years, it has increased revenue by an average of 13.0% each year . All expenses for the organization totaled $292.9k during the year ending 12/2023. While expenses have increased by 14.3% per year over the past 9 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO DESIGN IMPLEMENT LITERACY BASED PROGRAMS TO PROVIDE EQUITABLE OPPORTUNITIES FOR CHILDREN
Describe the Organization's Program Activity:
Part 3 - Line 4a
CLN WORKS IN SCHOOLS THROUGH INTERVENTIONS WITH CHILDREN WHO ARE BELOW GRADE LEVEL READING TO TUTOR, MENTOR, AND MOTIVATE CHILDREN IN PREK-5TH GRADE TO WANT TO READ. OUR TRAINED VOLUNTEERS AND EVIDENCE- BASED CURRICULUM ARE FOCUSED ON THE SCIENCE OF READING AND PROVIDE SOCIAL-EMOTIONAL SUPPORT TO STUDENTS CREATING SUCCESS BOTH ACADEMICALLY AND IN LIFE.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Michelle Mcallister President | Officer | 3 | $0 |
Sydney Koch Vice President | Officer | 2 | $0 |
Laura Tackett Treasurer | Officer | 2 | $0 |
Lyric Morgan-Osinski Secretary | Officer | 2 | $0 |
Manja Holland Member | Trustee | 1 | $0 |
Daron Gifford Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $33,092 |
| All other contributions, gifts, grants, and similar amounts not included above | $308,144 |
| Noncash contributions included in lines 1a–1f | $3,498 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $341,236 |
| Total Program Service Revenue | $0 |
| Investment income | $4,727 |
| 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 | $345,963 |
| 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 | $179,768 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $14,426 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $2,307 |
| Fees for services: Accounting | $5,835 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $225 |
| Advertising and promotion | $4,625 |
| Office expenses | $4,891 |
| Information technology | $3,509 |
| Royalties | $0 |
| Occupancy | $14,006 |
| Travel | $39 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $369 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $2,668 |
| All other expenses | $3,734 |
| Total functional expenses | $292,915 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $215,060 |
| Savings and temporary cash investments | $254,998 |
| 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 | $580 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $470,638 |
| Accounts payable and accrued expenses | $11,885 |
| 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 | $0 |
| Total liabilities | $11,885 |
| Net assets without donor restrictions | $0 |
| 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 | $458,753 |
| Total liabilities and net assets/fund balances | $470,638 |