Shelby Literacy Center
- Assets
- $82.9k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 10
- Location
- Collierville, TN
- Founding
- 12/1989
- Data as of
- 12/2021
- EIN
- 58-1860713
Organization Overview
Shelby Literacy Center is located in Collierville, TN. The organization was established in 1989. According to its NTEE Classification (B60) the organization is classified as: Adult Education, under the broad grouping of Education and related organizations. As of 12/2021, Shelby Literacy Center employed 10 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Shelby Literacy Center 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 12/2021, Shelby Literacy Center generated $88.9k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (12.6%) each year. All expenses for the organization totaled $94.0k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (15.1%) per year over the past 4 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3
PROGRAM EXPENSES
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Penny Arnonson Executive Director | 40 | $21,666 | |
Carrie Moore President | 5 | $0 | |
Victor Zodda Treasurer | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $88,917 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $88,917 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $73,254 |
| Professional fees and other payments to independent contractors | $1,700 |
| Occupancy, rent, utilities, and maintenance | $2,671 |
| Printing, publications, postage, and shipping | $3,047 |
| Other expenses | $13,371 |
| Total expenses | $94,043 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $64,087 |
| Other assets | $0 |
| Total assets | $82,880 |
| Total liabilities | $0 |
| Net assets or fund balances | $82,880 |