Literacy Design Collaborative Inc
- Assets
- $3.3m
- Revenue
- $1.2m
- Investments
- $0.0
- Employees
- 4
- Location
- New York, NY
- Founding
- 08/2014
- Data as of
- 12/2021
- EIN
- 46-3418612
Organization Overview
Literacy Design Collaborative Inc is located in New York, NY. The organization was established in 2014. According to its NTEE Classification (B99) the organization is classified as: Education N.E.C., under the broad grouping of Education and related organizations. As of 12/2021, Literacy Design Collaborative Inc employed 4 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Literacy Design Collaborative 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 12/2021, Literacy Design Collaborative Inc generated $1.2m in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (2.4%) each year. All expenses for the organization totaled $1.5m during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (14.3%) per year over the past 7 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
SEEKS TO ENSURE THAT EVERY STUDENT IN AMERICA GRADUATES FROM (CONTINUED ON SCHEDULE O) HIGH SCHOOL WITH THE LITERACY SKILLS NECESSARY FOR SUCCESS IN COLLEGE AND CAREER. LDC IS A TEACHER-CREATED INSTRUCTIONAL DESIGN SYSTEM THAT TRANSFORMS EDUCATOR PRACTICE THROUGH THE USE OF ONLINE TOOLS AND RESOURCES THAT FACILITATE COLLABORATION, CONTENT DEVELOPMENT, AND PROFESSIONAL LEARNING TO EFFECTIVELY IMPLEMENT COLLEGE AND CAREER READINESS STANDARDS ("CCRS") IN K-12 CLASSROOMS. LDC WORKS WITH A VARIETY OF STAKEHOLDERS, INCLUDING STATES, DISTRICTS, TEACHER TRAINING ORGANIZATIONS, SCHOOLS, AND INDIVIDUAL TEACHERS, TO ENABLE ALL EDUCATORS TO MODEL, LEAD, AND SUCCEED IN IMPLEMENTING THE HIGH EXPECTATIONS EMBODIED BY THE CCRS AS THEY ACCELERATE THEIR OWN PROFESSIONAL GROWTH AND INCREASE STUDENT OUTCOMES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SEE SCHEDULE O
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Chad Vignola President / Executive Dire | OfficerTrustee | 60 | $337,931 |
Robert Kasher Chief Program Officer | 40 | $120,112 | |
Dwight Nolt Dir. Of District Leadership | 40 | $111,170 | |
Nephi Wright Principal Software Developer | 40 | $101,615 | |
Dana Moloney Secretary | Officer | 1 | $1,900 |
Randy Mastro Director | OfficerTrustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
University Of California Los Angele Evaluation Services | 12/30/19 | $239,478 |
Generation Ready Inc Evaluation Services | 12/30/19 | $1,197,490 |
Los Angeles Unified School District Evaluation Services | 12/30/19 | $154,536 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $504,750 |
| All other contributions, gifts, grants, and similar amounts not included above | $60,000 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $564,750 |
| Total Program Service Revenue | $611,386 |
| Investment income | $352 |
| 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 | $1,176,488 |
| 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. | $395,574 |
| Compensation of current officers, directors, key employees. | $69,060 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $318,589 |
| Pension plan accruals and contributions | $13,175 |
| Other employee benefits | $78,089 |
| Payroll taxes | $40,714 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $37,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $311,233 |
| Advertising and promotion | $0 |
| Office expenses | $14,926 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $11,750 |
| Travel | $4,433 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $2,410 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $247,747 |
| Insurance | $4,826 |
| All other expenses | $0 |
| Total functional expenses | $1,493,805 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $237,558 |
| Savings and temporary cash investments | $1,133,689 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $71,548 |
| 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 | $500,000 |
| Net Land, buildings, and equipment | $701,748 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $637,424 |
| Total assets | $3,281,967 |
| Accounts payable and accrued expenses | $75,910 |
| Grants payable | $0 |
| Deferred revenue | $252,174 |
| 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 | $637,424 |
| Total liabilities | $965,508 |
| Net assets without donor restrictions | $2,316,459 |
| 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 | $0 |
| Total liabilities and net assets/fund balances | $3,281,967 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Literacy Design Collaborative Inc has recieved totaling $22.
| Awarding Organization | Amount |
|---|---|
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $22 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
John A Coleman School Yonkers, NY | $5,649,439 | $19,245,814 |
Halo Network Inc Amityville, NY | $5,984,377 | $20,823,404 |
Ascend Learning Inc Brooklyn, NY | $10,949,837 | $20,246,927 |
Pike School Inc Andover, MA | $31,746,911 | $18,230,890 |
Lindley Academy Charter School At Birney Philadelphia, PA | $8,724,796 | $15,521,412 |
Workforce Development Corp New York, NY | $20,852,099 | $12,566,315 |
International School Of Brooklyn Brooklyn, NY | $6,521,944 | $15,095,239 |
Watershed Agricultural Council Of The New York City Watersheds Inc Walton, NY | $8,601,609 | $14,819,769 |
North Atlantic States Carpenters Labor Management Program Boston, MA | $29,841,142 | $12,688,057 |
Purpose Foundation Island Park, NY | $1,585,866 | $11,041,724 |
Tech Impact Philadelphia, PA | $10,895,345 | $15,289,025 |
Tikva Corp West Caldwell, NJ | $10,446,184 | $12,711,125 |