Literacy Network Inc
- Assets
- $4.2m
- Revenue
- $2.0m
- Investments
- $8.5k
- Employees
- 0
- Location
- Madison, WI
- Founding
- 03/1976
- Data as of
- 12/2021
- EIN
- 51-0180488
Organization Overview
Literacy Network Inc is located in Madison, WI. The organization was established in 1976. According to its NTEE Classification (B92) the organization is classified as: Remedial Reading & Encouragement, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Literacy Network 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 Network Inc generated $2.0m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 3.4% each year. All expenses for the organization totaled $1.3m during the year ending 12/2021. While expenses have increased by 9.5% 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.
Form
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
LITERACY NETWORK HELPS ADULTS IN DANE COUNTY BUILD SKILLS, REACH GOALS, AND CONNECT COMMUNITIES.
Describe the Organization's Program Activity:
ENGLISH AS SECOND LANGUAGE SERVICES (ESL)-- LITERACY NETWORK PROVIDES DANE COUNTY ADULTS WITH ENGLISH AS A SECOND LANGUAGE GAIN CITIZENSHIP AND IMPROVE READING, WRITING, COMMUNICATION, AND COMPUTER SKILLS IN PARTNERSHIP WITH BUSINESSES, LIBRARIES, HOSPITALS, CLINICS, SCHOOLS, AND SOCIAL SERVICE AGENCIES TO ACHIEVE FINANCIAL SECURITY, WELL-BEING, AND DEEPER ENGAGEMENT WITH THEIR FAMILIES AND COMMUNITIES.
ADULT BASED EDUCATION SERVICES--LITERACY NETWORK PROVIDES DANE COUNTY ADULTS WITH ENGLISH AS THEIR NATIVE LANGUAGE OBTAIN THEIR GED AND ENHANCE READING, WRITING, COMMUNICATION, AND COMPUTER SKILLS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jeffrey Burkhart Executive Director | Officer | 40 | $96,488 |
Tana Elias Vice President | OfficerTrustee | 2 | $0 |
Nicole Cuellar President | OfficerTrustee | 2 | $0 |
Megan Heneke Secretary | OfficerTrustee | 2 | $0 |
Janet Berger Treasurer | OfficerTrustee | 2 | $0 |
Summer Rector Vice President (thru May) | OfficerTrustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $211,940 |
| Membership dues | $0 |
| Fundraising events | $59,734 |
| Related organizations | $0 |
| Government grants | $661,362 |
| All other contributions, gifts, grants, and similar amounts not included above | $971,231 |
| Noncash contributions included in lines 1a–1f | $15,084 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,904,267 |
| Total Program Service Revenue | $12,746 |
| Investment income | $49,379 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $21,272 |
| Net Gain/Loss on Asset Sales | $22,315 |
| Net Income from Fundraising Events | -$8,634 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,002,520 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $2,950 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $98,225 |
| Compensation of current officers, directors, key employees. | $14,734 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $775,631 |
| Pension plan accruals and contributions | $8,966 |
| Other employee benefits | $42,643 |
| Payroll taxes | $81,032 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $38,300 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $5,875 |
| Fees for services: Other | $40,358 |
| Advertising and promotion | $6,957 |
| Office expenses | $80,212 |
| Information technology | $23,392 |
| Royalties | $0 |
| Occupancy | $39,342 |
| Travel | $5 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $7,280 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $69,397 |
| Insurance | $12,934 |
| All other expenses | $333 |
| Total functional expenses | $1,333,832 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $457,272 |
| Savings and temporary cash investments | $500,927 |
| Pledges and grants receivable | $367,635 |
| Accounts receivable, net | $348 |
| 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 | $20,433 |
| Net Land, buildings, and equipment | $1,701,383 |
| Investments—publicly traded securities | $1,006,059 |
| Investments—other securities | $8,538 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $142,452 |
| Total assets | $4,205,047 |
| Accounts payable and accrued expenses | $63,816 |
| 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 | $129,088 |
| Total liabilities | $192,904 |
| Net assets without donor restrictions | $3,110,352 |
| Net assets with donor restrictions | $901,791 |
| 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 | $4,205,047 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Literacy Network Inc has recieved totaling $28,000.
| Awarding Organization | Amount |
|---|---|
Irving And Dorothy Levy Family Foundation Inc Madison, WI PURPOSE: CIVIC AND COMMUNITY SERVICE | $25,000 |
The Jack And Arlene Schumann Foundation Inc Fall River, WI PURPOSE: CHARITABLE GIVING | $3,000 |
Endowment Analysis
| Beg. Balance | $838,347 |
| Earnings | $119,345 |
| Admin Expense | $7,569 |
| Net Contributions | $211,000 |
| Other Expense | $4,074 |
| Ending Balance | $1,157,049 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Literacy Minnesota St Paul, MN | $3,639,375 | $5,962,310 |
Communities In Schools Of Michigan Inc Lansing, MI | $5,757,124 | $8,847,770 |
Great Books Foundation Chicago, IL | $3,063,168 | $3,289,304 |
Children And Nature Network Saint Paul, MN | $9,265,394 | $2,175,019 |
La Crosse Medical Health Science Consortium Inc La Crosse, WI | $13,920,244 | $1,509,206 |
Wisconsin Literacy Inc Madison, WI | $355,424 | $1,313,626 |
Literacy Network Inc Madison, WI | $4,205,047 | $2,002,520 |
Chicago Citywide Literacy Coalition Chicago, IL | $1,103,489 | $1,225,090 |
Chicago Heightening Opportunity And Potential For Educational Success Chicago, IL | $1,173,887 | $1,219,506 |
Kalamazoo Literacy Council Kalamazoo, MI | $565,019 | $856,187 |
Seedlings Braille Books For Children Livonia, MI | $4,243,634 | $799,029 |
Altrusa International Foundation Inc Chicago, IL | $4,173,978 | $400,810 |