Trident Literacy Association Inc
- Assets
- $439.2k
- Revenue
- $874.3k
- Investments
- $0.0
- Employees
- 22
- Location
- N Charleston, SC
- Founding
- 03/1985
- Data as of
- 06/2021
- EIN
- 57-0721308
Organization Overview
Trident Literacy Association Inc is located in N Charleston, SC. The organization was established in 1985. According to its NTEE Classification (B60) the organization is classified as: Adult Education, under the broad grouping of Education and related organizations. As of 06/2021, Trident Literacy Association Inc employed 22 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Trident Literacy Association 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 06/2021, Trident Literacy Association Inc generated $874.3k in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 6.8% each year. All expenses for the organization totaled $748.8k during the year ending 06/2021. While expenses have increased by 0.5% per year over the past 6 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
ELIMINATING ILLITERACY
Describe the Organization's Program Activity:
Part 3 - Line 4a
VOLUNTEERS AND STAFF TUTORED ADULT STUDENTS IN READING, WRITING, MATH AND RELATED JOB SKILLS.
DONATED TUTOR SERVICES = $232,456DONATED RENT = $18,000DONATED UTILITIES = $4,500DONATED PROFESSIONAL SERVICES = $1000
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Eileen Chepenik Executive Dir. | OfficerTrustee | 40 | $50,000 |
Jen Gibson Member | OfficerTrustee | 1 | $0 |
Joann Sherman Member | OfficerTrustee | 1 | $0 |
Michael Jordan Director | OfficerTrustee | 1 | $0 |
Marcela Rabens Member | OfficerTrustee | 1 | $0 |
Merv Gibson Chairman | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $1,108 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $487,437 |
| All other contributions, gifts, grants, and similar amounts not included above | $330,082 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $818,627 |
| Total Program Service Revenue | $5,074 |
| Investment income | $16,401 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $34,189 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $874,291 |
| 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. | $50,000 |
| Compensation of current officers, directors, key employees. | $35,000 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $406,751 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $37,004 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $8,917 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $16,905 |
| Advertising and promotion | $840 |
| Office expenses | $11,951 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $109,032 |
| Travel | $273 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $44 |
| Interest | $1,023 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $11,286 |
| Insurance | $14,798 |
| All other expenses | $8,138 |
| Total functional expenses | $748,780 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $272,805 |
| Savings and temporary cash investments | $61,480 |
| Pledges and grants receivable | $7,126 |
| Accounts receivable, net | $49,889 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $2,317 |
| Prepaid expenses and deferred charges | $823 |
| Net Land, buildings, and equipment | $35,671 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $9,079 |
| Total assets | $439,190 |
| Accounts payable and accrued expenses | $26,076 |
| 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 | $223,900 |
| Total liabilities | $249,976 |
| Net assets without donor restrictions | $96,329 |
| Net assets with donor restrictions | $92,885 |
| 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 | $439,190 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that Trident Literacy Association Inc has recieved totaling $70,000.
| Awarding Organization | Amount |
|---|---|
Coastal Community Foundation Of South Carolina Inc N Charleston, SC PURPOSE: EDUCATION GRANT | $63,500 |
Henry And Sylvia Yaschik Foundation Inc Charleston, SC PURPOSE: GENERAL SUPPORT | $5,000 |
Nathan And Marlene Addlestone Foundation Inc Charleston, SC PURPOSE: SUPPORT OF EDUCATION | $1,500 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Athens Regional Physician Services Inc Athens, GA | $5,832,166 | $29,787,030 |
John Marshall Online Inc Atlanta, GA | $11,713,924 | $9,257,448 |
Abraham J & Phyllis Katz Foundation Ua 060794 Newnan, GA | $48,678,737 | $4,412,136 |
Progressive Abilities Support Services Inc Savannah, GA | $457,648 | $2,076,851 |
East Central Georgia Consortium Thomson, GA | $497,694 | $1,856,381 |
Center For Advancement And Study Of International Education Inc Atlanta, GA | $1,260,303 | $2,348,078 |
Community-Campus Partnerships For Health Raleigh, NC | $679,210 | $1,816,755 |
Institute Of Church Administration And Management Atlanta, GA | $286,691 | $1,639,450 |
Upstate Father Hood Coalition Greenville, SC | $427,709 | $1,375,638 |
North Carolina Falun Dafa Association Cary, NC | $243,784 | $1,536,476 |
The Society For Financial Studies Raleigh, NC | $10,269,539 | $1,203,829 |
Organ Donation And Transplantation Alliance Atlanta, GA | $3,101,945 | $900,439 |