Racine Literacy Council Inc
- Assets
- $294.4k
- Revenue
- $174.8k
- Investments
- $0.0
- Employees
- 7
- Location
- Racine, WI
- Founding
- 06/1976
- Data as of
- 06/2022
- EIN
- 51-0190214
Organization Overview
Racine Literacy Council Inc is located in Racine, WI. The organization was established in 1976. According to its NTEE Classification (B60) the organization is classified as: Adult Education, under the broad grouping of Education and related organizations. As of 06/2022, Racine Literacy Council Inc employed 7 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Racine Literacy Council 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, Racine Literacy Council Inc generated $174.8k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (3.7%) each year. All expenses for the organization totaled $196.9k during the year ending 06/2022. As we would expect to see with falling revenues, expenses have declined by (2.9%) 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO INCREASE ADULT LITERACY
Describe the Organization's Program Activity:
Part 3 - Line 4a
BASIC LITERACY - THE LACK OF BASIC LITERACY SKILLS HAS PROVEN TO CONTRIBUTE TO LOWER PAYING JOBS, CRIME, LACK OF CIVIC AND COMMUNITY INVOLVEMENT, AND LOW SELF-ESTEEM. OUR BASIC LITERACY PROGRAM CATERS TO STUDENTS WITH LOW LITERACY SKILLS IN READING, WRITING, AND MATH. THIS CURRICULUM IS A STUDENT-CENTERED PROGRAM THAT CATERS TO ADULTS. OUR PROGRAM INCLUDES A VARIETY OF LEVELS, FROM READING AND WRITING FOR BEGINNERS TO GED TEST PREP. ENGLISH LANGUAGE LEARNER - COMMUNICATING IN THE ENGLISH LANGUAGE IS ESSENTIAL FOR SUCCESS IN THE UNITED STATES. WE HAVE DESIGNED AN ELL PROGRAM TO ASSIST ADULTS IN SPEAKING, UNDERSTANDING, READING, AND WRITING ENGLISH. ELL STUDENTS COME TO THE RLC SEEKING TO IMPROVE THEIR ENGLISH AT WORK, COMMUNICATE BETTER IN THE SCHOOLS OF THEIR CHILDREN, AND BE BETTER ADVOCATES FOR THEMSELVES IN THE COMMUNITY. IN ADDITION TO TUTORING, ELL STUDENTS CAN PARTICIPATE IN ADDITIONAL CONVERSATION OR COMPUTER CLASSES. ELIGIBLE STUDENTS MAY CHOOSE TO TAKE THE CITIZENSHIP CLASS, OFFERED 3-4X A YEAR. ALL ADDITIONAL PROGRAMS CURRENTLY SCHEDULED INCLUDE GED PREP CLASSES, WRITTEN DRIVER'S LICENSE / COMMERCIAL DRIVERS LICENSE TEST TUTORING, HEALTH LITERACY, FINANCIAL LITERACY, MICROSOFT OFFICE FOR BEGINNERS (EXCEL, WORD, POWERPOINT), AND BASIC COMPUTER LITERACY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Chad Arents Vice Preside | OfficerTrustee | 1 | $0 |
Eric Markusen President | OfficerTrustee | 1 | $0 |
Mary Biesack Treasurer | OfficerTrustee | 2 | $0 |
Kristin Gibson Secretary | OfficerTrustee | 1 | $0 |
Kay Gregor 322 To 522 Executive Di | Officer | $0 | |
Samira Payne Executive Di | Officer | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $40,000 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $74,250 |
| All other contributions, gifts, grants, and similar amounts not included above | $45,400 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $159,650 |
| Total Program Service Revenue | $0 |
| Investment income | $10,587 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $1,290 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $174,755 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $113,440 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $37 |
| Payroll taxes | $8,157 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $7,403 |
| Advertising and promotion | $1,167 |
| Office expenses | $13,012 |
| Information technology | $7,992 |
| Royalties | $0 |
| Occupancy | $24,671 |
| Travel | $515 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $571 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $14,723 |
| Insurance | $1,654 |
| All other expenses | $0 |
| Total functional expenses | $196,897 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $29,067 |
| Savings and temporary cash investments | $41,191 |
| Pledges and grants receivable | $0 |
| 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 | $1,080 |
| Prepaid expenses and deferred charges | $982 |
| Net Land, buildings, and equipment | $167,318 |
| Investments—publicly traded securities | $100 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $54,644 |
| Total assets | $294,382 |
| Accounts payable and accrued expenses | $13,877 |
| 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 | $0 |
| Total liabilities | $13,877 |
| Net assets without donor restrictions | $175,597 |
| Net assets with donor restrictions | $104,908 |
| 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 | $294,382 |
Grants Recieved
Over the last fiscal year, we have identified 6 grants that Racine Literacy Council Inc has recieved totaling $51,460.
| Awarding Organization | Amount |
|---|---|
United Way Of Racine County Inc Racine, WI PURPOSE: ADULT LITERACY PROGRAM | $35,500 |
Racine Community Foundation Inc Racine, WI PURPOSE: TO PROVIDE OPERATING SUPPORT | $7,000 |
Osborne & Scekic Family Foundation Chicago, IL PURPOSE: EDUCATION AND THE ARTS | $4,900 |
Col L C Christensen Charitable & Religious Foundation Inc Racine, WI PURPOSE: GENERAL SUPPORT | $3,000 |
The Norbell Foundation Appleton, WI PURPOSE: GENERAL OPERATING EXPENSES | $1,000 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $60 |
Endowment Analysis
| Beg. Balance | $62,489 |
| Earnings | -$7,235 |
| Admin Expense | -$610 |
| Ending Balance | $54,644 |
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 |