Trident Literacy Association Inc
- Assets
- $490.6k
- Revenue
- $862.5k
- Investments
- $0.0
- Employees
- 22
- Location
- N Charleston, SC
- Founding
- 03/1985
- Data as of
- 06/2022
- 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 06/2022, 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 06/2022, Trident Literacy Association Inc generated $862.5k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 5.6% each year. All expenses for the organization totaled $732.6k during the year ending 06/2022. While expenses have increased by 0.1% 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
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 | $65,000 |
Jen Gibson Secretary | OfficerTrustee | 1 | $0 |
Joann Sherman Chairman | OfficerTrustee | 1 | $0 |
Michael Jordan Member | OfficerTrustee | 1 | $0 |
Raquel Padgett Member | OfficerTrustee | 1 | $0 |
Merv Gibson Member | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $1,220 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $399,364 |
| All other contributions, gifts, grants, and similar amounts not included above | $288,902 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $689,486 |
| Total Program Service Revenue | $2,988 |
| Investment income | $1,650 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$5,566 |
| Net Income from Fundraising Events | $89,152 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $862,485 |
| 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. | $65,000 |
| Compensation of current officers, directors, key employees. | $45,500 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $357,225 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $35,361 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $4,457 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $22,666 |
| Advertising and promotion | $1,586 |
| Office expenses | $23,557 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $112,860 |
| Travel | $113 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $3,843 |
| Interest | $28 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $8,990 |
| Insurance | $11,879 |
| All other expenses | $13,036 |
| Total functional expenses | $732,640 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $349,913 |
| Savings and temporary cash investments | $54,754 |
| Pledges and grants receivable | $6,856 |
| Accounts receivable, net | $37,689 |
| 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 | $2,738 |
| Net Land, buildings, and equipment | $26,681 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $9,613 |
| Total assets | $490,561 |
| Accounts payable and accrued expenses | $22,602 |
| 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 | $148,900 |
| Total liabilities | $171,502 |
| Net assets without donor restrictions | $313,059 |
| Net assets with donor restrictions | $6,000 |
| 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 | $490,561 |