Triangle Literacy Council Inc
- Assets
- $395.8k
- Revenue
- $672.2k
- Investments
- $0.0
- Employees
- 13
- Location
- Cary, NC
- Founding
- 04/1971
- Data as of
- 06/2023
- EIN
- 56-1530150
Organization Overview
Triangle Literacy Council Inc is located in Cary, NC. The organization was established in 1971. According to its NTEE Classification (B60) the organization is classified as: Adult Education, under the broad grouping of Education and related organizations. As of 06/2023, Triangle Literacy Council Inc employed 13 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Triangle 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 06/2023, Triangle Literacy Council Inc generated $672.2k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 4.1% each year. All expenses for the organization totaled $671.9k during the year ending 06/2023. While expenses have increased by 2.9% per year over the past 8 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
THE TRIANGLE LITERACY COUNCIL IMPROVES THE LIVES OF ADULTS, YOUTH, AND FAMILIES THROUGH LITERACY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
1. FOR THE 2022-2023 YEAR, TRIANGLE LITERACY COUNCIL'S (TLC) ADULT PROGRAMS WORKED WITH APPROXIMATELY 100 STUDENTS. PARTICIPANTS WERE EITHER IN OUR ENGLISH AS A SECOND LANGUAGE (ESL), ADULT BASIC EDUCATION (ABE), AND/OR INTEGRATED ENGLISH LITERACY AND CIVICS EDUCATION (IELCE) CLASSES. IN OUR ESL CLASSES, NON-NATIVE SPEAKERS HAVE THE OPPORTUNITY TO LEARN THE ENGLISH LANGUAGE THROUGH LISTENING, READING, AND SPEAKING. IN ADDITION TO GETTING THE ESL COMPONENT, IELCE STUDENTS LEARNED ABOUT THE RIGHTS AND RESPONSIBILITIES OF CITIZENSHIP AND CIVIC ENGAGEMENT. OUR ABE STUDENTS HAD THE OPPORTUNITY TO STRENGTHEN THEIR MATH AND READING SKILLS. ADULT PROGRAMMING INCLUDES CURRICULA AND MODULES FOR ACQUISITION AND INCREASED PROFICIENCY IN READING, WRITING, MATH, SCIENCE, CONVERSATION, AND EVERYDAY LANGUAGE COMMUNICATION, ALONG WITH ACQUISITION OF THE TOOLS, KNOWLEDGE, AND CONFIDENCE NEEDED TO FIND AND MAINTAIN EMPLOYMENT. 2. TLC'S YOUTH LITERACY PROGRAM WORKED WITH APPROXIMATELY 100 STUDENTS DURING THIS SAME TIME FRAME. STUDENTS HAD THE OPPORTUNITY TO WORK WITH INSTRUCTORS OR TUTORS 1:1 OR IN A SMALL GROUP SETTING. THEY ALSO HAD THE OPTION FOR VIRTUAL OR FACE-TO-FACE SESSIONS. STUDENTS WERE TUTORED IN ANY AREA WHERE THERE WAS ACADEMIC CONCERN. ALL STUDENTS WERE ASSESSED IN READING AND MATH UPON INTAKE AND THROUGHOUT THE PROGRAM TO MEASURE ACADEMIC GAINS. WE USE BOTH QUANTITATIVE DATA AND QUALITATIVE DATA TO PROVIDE A COMPLETE PICTURE OF HOW OUR PROGRAM IS AFFECTING OUR PARTICIPANTS. STUDENT SURVEYS INDICATE THAT PARTICIPANTS FEEL THEIR CLASSROOM PERFORMANCE HAS IMPROVED THAT THEY FELT MORE CONFIDENT IN THEIR ABILITY TO BE SUCCESSFUL. 3. FOR THE 2022-2023 YEAR, OUR BULL CITY YOUTHBUILD (BCYB) PROGRAM SERVED APPROXIMATELY 20 STUDENTS. STUDENTS HAD THE OPPORTUNITY TO PREPARE FOR AND OBTAIN THEIR GED AS WELL AS RECEIVE A CONSTRUCTION CERTIFICATION. DURING THIS TIME, BCYB HAD A SUCCESSFUL RELAUNCH OF PROGRAMMING THAT INCLUDED RECRUITMENT OF STUDENTS AND BUILDING A BASE OF VOLUNTEERS AND COMMUNITY PARTNERS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Laura Walters President/ceo Thru 3/23 | Officer | 40 | $128,100 |
Lisa Rowe President/ceo From 4/23 | Officer | 40 | $0 |
Ann Marie Calabria Board Chair Thru 3/23 | OfficerTrustee | 1 | $0 |
Chris Brady Dir Thru 3/23 ; Chair From 4/23 | OfficerTrustee | 2 | $0 |
Don Hiller Vice Chair | OfficerTrustee | 2 | $0 |
Chris Cheney Treasurer | OfficerTrustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $371,540 |
| All other contributions, gifts, grants, and similar amounts not included above | $278,041 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $649,581 |
| Total Program Service Revenue | $1,166 |
| Investment income | $406 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $21,083 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $672,236 |
| 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. | $183,602 |
| Compensation of current officers, directors, key employees. | $35,730 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $217,307 |
| Pension plan accruals and contributions | $3,173 |
| Other employee benefits | $1,809 |
| Payroll taxes | $32,565 |
| 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 | $77,424 |
| Advertising and promotion | $0 |
| Office expenses | $20,689 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $81,615 |
| 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 | $8,181 |
| Insurance | $12,207 |
| All other expenses | $0 |
| Total functional expenses | $671,944 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $30,449 |
| Savings and temporary cash investments | $186,130 |
| Pledges and grants receivable | $33,509 |
| Accounts receivable, net | $2,177 |
| 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 | $4,236 |
| Net Land, buildings, and equipment | $5,883 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $133,421 |
| Total assets | $395,805 |
| Accounts payable and accrued expenses | $18,125 |
| 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 | $129,901 |
| Total liabilities | $148,026 |
| Net assets without donor restrictions | $214,270 |
| Net assets with donor restrictions | $33,509 |
| 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 | $395,805 |