Gaston Literacy Council Inc
- Assets
- $188.1k
- Revenue
- $411.3k
- Investments
- $0.0
- Employees
- 8
- Location
- Gastonia, NC
- Founding
- 12/1986
- Data as of
- 06/2024
- EIN
- 58-1665789
Organization Overview
Gaston Literacy Council Inc is located in Gastonia, NC. The organization was established in 1986. According to its NTEE Classification (B60) the organization is classified as: Adult Education, under the broad grouping of Education and related organizations. As of 06/2024, Gaston Literacy Council Inc employed 8 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Gaston 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 06/2024, Gaston Literacy Council Inc generated $411.3k in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 1.2% each year. All expenses for the organization totaled $363.6k during the year ending 06/2024. 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
2024
Describe the Organization's Mission:
Part 3 - Line 1
INCREASE LITERACY IN GASTON COUNTY BY PROVIDING BASIC SKILLS ASSESSMENTS, INSTRUCTION AND MATERIALS TO STUDENTS, AND TUTOR TRAINING AND MATERIALS TO VOLUNTEERS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDE TRAINING TO VOLUNTEERS AND COORDINATE VOLUNTEERS WITH CLIENTS. PROVIDE LITERACY MATERIALS TO THE CLIENTS AND VOLUNTEERS.
PROVIDE STUDENT SERVICES, INCLUDING ASSESSMENTS, COUNSELING, AND TEACHING LITERACY CLASSES.
VOLUNTEER AND STUDENT RECOGNITION PROGRAMS, AWARENESS PROGRAMS, AND NEWSLETTERS. OBJECTIVE: INCREASE RECRUITMENT AND RETENTION OF VOLUNTEERS AND CLIENTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Donna Lockett Chair | OfficerTrustee | 1 | $0 |
Mary Massey Immediate Pa | OfficerTrustee | 1 | $0 |
Pauline Styers Vice Chair | OfficerTrustee | 1 | $0 |
Lucille Rinehart Secretary | OfficerTrustee | 1 | $0 |
Laurel Morris Treasurer | OfficerTrustee | 1 | $0 |
Donyel Barber Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $63,061 |
| Membership dues | $28,732 |
| Fundraising events | $76,072 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $262,911 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $430,776 |
| Total Program Service Revenue | $0 |
| Investment income | $1,647 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | -$21,281 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $411,347 |
| 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 | $61,800 |
| Other salaries and wages | $170,046 |
| Pension plan accruals and contributions | $3,132 |
| Other employee benefits | $17,902 |
| Payroll taxes | $17,828 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $9,186 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $5,606 |
| Advertising and promotion | $0 |
| Office expenses | $20,975 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $23,234 |
| 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 | $9,624 |
| Insurance | $3,810 |
| All other expenses | $0 |
| Total functional expenses | $363,605 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $203 |
| Savings and temporary cash investments | $129,702 |
| 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 | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $58,195 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $188,100 |
| Accounts payable and accrued expenses | $0 |
| 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 | -$175 |
| Total liabilities | -$175 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| 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 | $188,275 |
| Total liabilities and net assets/fund balances | $188,100 |