Literacy Initiatives
- Assets
- $76.4k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Portland, OR
- Founding
- 08/2014
- Data as of
- 06/2022
- EIN
- 46-1597998
Organization Overview
Literacy Initiatives is located in Portland, OR. The organization was established in 2014. According to its NTEE Classification (X20) the organization is classified as: Christianity, under the broad grouping of Religion-Related and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Literacy Initiatives 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 06/2022, Literacy Initiatives generated $68.1k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 40.8% each year . All expenses for the organization totaled $60.3k during the year ending 06/2022. While expenses have increased by 37.6% 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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Troy Bailey Chief Executive Officer | 50 | $45,594 | |
Andrew Dickson President And Chairman Of The Board | 1 | $0 | |
Mark Mehl Secretary | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $68,086 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $5 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $68,091 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $46,542 |
| Professional fees and other payments to independent contractors | $0 |
| Occupancy, rent, utilities, and maintenance | $2,548 |
| Printing, publications, postage, and shipping | $265 |
| Other expenses | $10,906 |
| Total expenses | $60,261 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $76,385 |
| Other assets | $0 |
| Total assets | $76,385 |
| Total liabilities | $0 |
| Net assets or fund balances | $76,385 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Literacy Initiatives has recieved totaling $28,430.
| Awarding Organization | Amount |
|---|---|
Millennium Relief And Development Services Inc Bellaire, TX PURPOSE: Relief & Development | $28,430 |
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