Peninsula Literacy Council Inc
- Assets
- $135.2k
- Revenue
- $174.9k
- Investments
- $0.0
- Employees
- 3
- Location
- Newport News, VA
- Founding
- 06/1970
- Data as of
- 06/2021
- EIN
- 54-0843098
Organization Overview
Peninsula Literacy Council Inc, operating under the name Peninsula Reads, is located in Newport News, VA. The organization was established in 1970. As of 06/2021, Peninsula Reads employed 3 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Peninsula Reads 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 06/2021, Peninsula Reads generated $174.9k in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 7.9% each year. All expenses for the organization totaled $104.5k during the year ending 06/2021. 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
TO PROVIDE LITERACY SKILLS NECESSARY FOR ADULTS TO FUNCTION MORE EFFECTIVELY IN THEIR LIVES AND COMMUNITIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TUTORING NON-READING ADULTS IN BASIC READING SKILLS
TUTORING NON-READING ADULTS IN BASIC READING SKILLS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Joyelle Saunders Executive Di | Trustee | 40 | $41,539 |
Eric Floyd President | OfficerTrustee | 7 | $0 |
Ingo Huemer Treasurer | OfficerTrustee | 7 | $0 |
Alfred Gonzalez Board Member | Trustee | 7 | $0 |
Melissa James Board Member | Trustee | 7 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $4,406 |
| Membership dues | $0 |
| Fundraising events | $17,889 |
| Related organizations | $0 |
| Government grants | $37,469 |
| All other contributions, gifts, grants, and similar amounts not included above | $114,930 |
| Noncash contributions included in lines 1a–1f | $160 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $174,694 |
| Total Program Service Revenue | $1,062 |
| Investment income | $5 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | -$899 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $174,862 |
| 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 | $43,554 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $6,853 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $8,851 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $27,584 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,596 |
| Insurance | $2,447 |
| All other expenses | $1,310 |
| Total functional expenses | $104,544 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $52,481 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $33,570 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $37,695 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $9,148 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $2,336 |
| Total assets | $135,230 |
| Accounts payable and accrued expenses | $3,090 |
| 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 | $8,983 |
| Total liabilities | $12,073 |
| Net assets without donor restrictions | $121,911 |
| Net assets with donor restrictions | $1,246 |
| 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 | $135,230 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Peninsula Literacy Council Inc has recieved totaling $140.
| Awarding Organization | Amount |
|---|---|
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $140 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Nashville Adult Literacy Council Inc Nashville, TN | $533,226 | $1,446,503 |
South Baltimore Learning Corp Inc Baltimore, MD | $3,561,416 | $1,378,703 |
Literacy Council Of Montgomery County Maryland Inc Rockville, MD | $534,143 | $1,351,537 |
Rita Welsh Adult Literacy Program Inc Williamsburg, VA | $1,303,508 | $895,456 |
Literacy Council Of Highlands Inc Highlands, NC | $735,026 | $391,307 |
Peninsula Literacy Council Inc Newport News, VA | $135,230 | $174,862 |
Clarksville-Montgomery County Adult Literacy Council Clarksville, TN | $13,556 | $37,776 |
Hoke County Reading-Literacy Council Inc Raeford, NC | $43,614 | $12,980 |