The Family Literacy Academy At Lake Wales Inc
- Assets
- $215.0k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 1
- Location
- Babson Park, FL
- Founding
- 11/2015
- Data as of
- 06/2022
- EIN
- 47-4294685
Organization Overview
The Family Literacy Academy At Lake Wales Inc is located in Babson Park, FL. The organization was established in 2015. According to its NTEE Classification (P20) the organization is classified as: Human Service Organizations, under the broad grouping of Human Services and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Family Literacy Academy At Lake Wales 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 06/2022, Family Literacy Academy At Lake Wales Inc generated $178.5k in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (1.3%) each year. All expenses for the organization totaled $164.3k during the year ending 06/2022. As we would expect to see with falling revenues, expenses have declined by (2.0%) per year over the past 7 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
2022
Describe the Organization's Program Activity:
Part 3
THE ACADEMY HAS HELPED SOME 1,800 ADULTS AND CHILDREN BECOME BETTER CITIZENS PREPARED FOR LIFE BY OFFERING INSTRUCTION TOWARDS THEIR GED. OVER 118 OF THESE ADULTS HAVE ALREADY PASSED THE GED AND A NUMBER OF THEM HAVE ENROLLED IN COLLEGE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Terrye Howell Vice Preside | 1 | $0 | |
Colette Braunstein Director | 1 | $0 | |
Thomas Mccance Director | 1 | $0 | |
Dr Nelson Marquez Director | 1 | $0 | |
Kathy Manry Smith Director | 1 | $0 | |
Rob Sansome Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $178,378 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $79 |
| Total Revenue | $178,457 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $136,228 |
| Professional fees and other payments to independent contractors | $0 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $28,048 |
| Total expenses | $164,276 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $215,010 |
| Other assets | $0 |
| Total assets | $215,010 |
| Total liabilities | $140,210 |
| Net assets or fund balances | $74,800 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that The Family Literacy Academy At Lake Wales Inc has recieved totaling $61,735.
| Awarding Organization | Amount |
|---|---|
United Way Of Central Florida Inc Highland City, FL PURPOSE: Donor Designated for General Support, Donor Designated for Program Costs, Donor Designated for Disaster/ Emergency Relief, Program Operating Cost | $31,735 |
Mountain Lake Community Service Inc Lake Wales, FL PURPOSE: Charitable support | $25,000 |
Mccance Foundation Tr North Scituate, MA PURPOSE: GENERAL SUPPORT | $5,000 |
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