Literacy Chippewa Valley
- Assets
- $344.4k
- Revenue
- $236.1k
- Investments
- $96.8k
- Employees
- 10
- Location
- Eau Claire, WI
- Founding
- 04/2004
- Data as of
- 06/2021
- EIN
- 39-1657040
Organization Overview
Literacy Chippewa Valley is located in Eau Claire, WI. The organization was established in 2004. According to its NTEE Classification (B60) the organization is classified as: Adult Education, under the broad grouping of Education and related organizations. As of 06/2021, Literacy Chippewa Valley employed 10 individuals. This organization is the central organization for a national or regional group of organizations. Literacy Chippewa Valley 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 06/2021, Literacy Chippewa Valley generated $236.1k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (13.4%) each year. All expenses for the organization totaled $226.6k during the year ending 06/2021. As we would expect to see with falling revenues, expenses have declined by (12.6%) per year over the past 6 years. 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
LITERACY CHIPPEWA VALLEY'S MISSION IS TO PROVIDE FLEXIBLE LITERACY PROGRAMS TO HELP ADULTS AND THEIR FAMILIES REACH THEIR EDUCATION, EMPLOYMENT, AND LIFE GOALS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ADULT LITERACY - PROVIDE INSTRUCTION FOR ADULT LEARNERS WHO NEED TO ACQUIRE OR ENHANCE LITERACY SKILLS FOR THE WORKPLACE, HOME OR FAMILY.
FAMILY LITERACY - FAMILY LIERACY PROGRAM HELPS PARENTS WITH LITERACY SKILLS (READING, WRITING, SPEAKING, MATH, COMPUTER, HEALTH), AND PARENTING SKILLS WHILE CHILDREN RECEIVE EARLY CHILDHOOD EDUCATION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Elizabeth Hart Executive Director | Officer | 40 | $32,054 |
Allison Shepard President | OfficerTrustee | 1 | $0 |
Carlton Brumbelow Past President | OfficerTrustee | 1 | $0 |
Angie Wald Treasurer | OfficerTrustee | 1 | $0 |
Emily Cinquegrana Director | Trustee | 1 | $0 |
Jennifer Rust Anderson Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $19,666 |
| Membership dues | $0 |
| Fundraising events | $11,364 |
| Related organizations | $0 |
| Government grants | $35,800 |
| All other contributions, gifts, grants, and similar amounts not included above | $129,533 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $196,363 |
| Total Program Service Revenue | $39,773 |
| Investment income | $963 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | -$1,014 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $236,085 |
| 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. | $33,603 |
| Compensation of current officers, directors, key employees. | $10,081 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $103,169 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $10,810 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $18,563 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $639 |
| Office expenses | $11,182 |
| Information technology | $4,561 |
| Royalties | $0 |
| Occupancy | $31,900 |
| Travel | $2,675 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $3,362 |
| Interest | $56 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,001 |
| Insurance | $2,931 |
| All other expenses | $0 |
| Total functional expenses | $226,641 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $40,840 |
| Savings and temporary cash investments | $176,556 |
| Pledges and grants receivable | $27,441 |
| 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 | $2,775 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $96,832 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $344,444 |
| Accounts payable and accrued expenses | $12,013 |
| 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 | $35,800 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $47,813 |
| Net assets without donor restrictions | $192,045 |
| Net assets with donor restrictions | $104,586 |
| 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 | $344,444 |
Grants Recieved
Over the last fiscal year, we have identified 9 grants that Literacy Chippewa Valley has recieved totaling $55,965.
| Awarding Organization | Amount |
|---|---|
L E Phillips Family Foundation Inc Eau Claire, WI PURPOSE: WORKPLACE LITERACY PROGRAM | $15,000 |
Pablo Foundation Inc Eau Claire, WI PURPOSE: 2021 LITERACY PROGRAM FOR EC JAIL | $12,000 |
Eau Claire Community Foundation Eau Claire, WI PURPOSE: FINANCIAL STABILITY, UNRESTRICTED | $11,500 |
Edward And Hannah M Rutledge Charities Inc Chippewa Falls, WI PURPOSE: AID AND ASSIST | $10,000 |
Xcel Energy Foundation Minneapolis, MN PURPOSE: ECONOMIC SUSTAINABILITY GRANT | $4,000 |
Green Bay Packers Foundation Green Bay, WI PURPOSE: FAMILY LITERACY/ENGLISH LANGUAGE LEARNING/1-1 TUTORING | $3,000 |
Endowment Analysis
| Beg. Balance | $78,021 |
| Earnings | $18,811 |
| Ending Balance | $96,832 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
St Coletta Of Wisconsin Inc Jefferson, WI | $22,544,522 | $20,338,471 |
Emergency Nurses Association Schaumburg, IL | $34,613,350 | $21,573,777 |
Nbi-Sems Inc Altoona, WI | $32,056,887 | $23,539,455 |
Foundation Of The American College Of Healthcare Executives Chicago, IL | $93,480,001 | $29,930,754 |
Network Of Executive Women Inc Chicago, IL | $6,845,772 | $11,079,191 |
Newton Services Foundation Inc Flint, MI | $3,036,249 | $10,428,739 |
Accreditation Council For Continuing Medical Education Chicago, IL | $14,011,011 | $9,679,361 |
American School Of Correspondence Lansing, IL | $11,965,469 | $5,386,399 |
Society For Academic Emergency Medicine Des Plaines, IL | $10,341,301 | $6,329,618 |
Van Andel Institute Graduate School Grand Rapids, MI | $1,492,760 | $4,853,861 |
Helen Miller-Seiu Member Education And Training Center Chicago, IL | $1,177,324 | $3,731,145 |
Education And Training Connection Midland, MI | $2,969,193 | $3,353,333 |