Simpson County Literacy Council Inc
- Assets
- $260.2k
- Revenue
- $48.1k
- Investments
- $0.0
- Employees
- 5
- Location
- Franklin, KY
- Founding
- 10/1987
- Data as of
- 06/2024
- EIN
- 61-1105238
Organization Overview
Simpson County Literacy Council Inc is located in Franklin, KY. The organization was established in 1987. 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, Simpson County Literacy Council Inc employed 5 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Simpson County 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, Simpson County Literacy Council Inc generated $48.1k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 9 years, the organization has seen revenues fall by an average of (14.1%) each year. All expenses for the organization totaled $144.3k 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
THE ORGANIZATION PROVIDES SMALL GROUP AND ONE-ON-ONE INSTRUCTION TO ADULTS IN LITERACY, ENGLISH, HIGH SCHOOL EQUIVALENCY PREPARATION AND DIGITAL LITERACY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
OF THE TOTAL 154 LEARNERS SERVED OVER THE FISCAL YEAR THROUGH DIRECT INSTRUCTION, 3 LEARNERS RECEIVED FUNCTIONAL LITERACY INSTRUCTION (BASIC READING AND PHONICS TUTORING IN A 1:1 ENVIRONMENT) TOTALING 140 HOURS OF DIRECT INSTRUCTION.
OF THE TOTAL 154 LEARNERS SERVED OVER THE FISCAL YEAR THROUGH DIRECT INSTRUCTION, 58 LEARNERS RECEIVED ENGLISH AS A SECOND LANGUAGE INSTRUCTION IN A ONE ON ONE OR SMAL GROUP (<3 LEARNERS) TOTALING 578 HOURS OF DIRECT INSTRUCTION. AN ADDITIONAL 8 STUDENTS RECEIVED LARGER GROUP INSTRUCTION TOTALING 57 HOURS OF INSTRUCTION.
OF THE TOTAL 154 LEARNERS SERVED OVER THE FISCAL YEAR THROUGH DIRECT INSTRUCTION, 15 STUDENTS RECEIVED HIGH SCHOOL EQUIVALENCY PREPARATION INSTRUCTION IN A ONE ON ONE OR SMALL GROUP (<2 LEARNERS) TOTALING 135 HOURS OF DIRECT INSTRUCTION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Amy Gant President | OfficerTrustee | 0.5 | $0 |
Sarah Richardson Vice President | OfficerTrustee | 0.5 | $0 |
Mary Beth Schlosser Secretary | OfficerTrustee | 0.5 | $0 |
Stephanie Downey Treasurer | OfficerTrustee | 0.5 | $0 |
Amanda East Director | Trustee | 0.25 | $0 |
Jessica Helton Director | Trustee | 0.25 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $25,000 |
| All other contributions, gifts, grants, and similar amounts not included above | $26,033 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $51,033 |
| Total Program Service Revenue | $3,592 |
| Investment income | $1,646 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | -$8,174 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $48,097 |
| 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 | $0 |
| Other salaries and wages | $101,003 |
| Pension plan accruals and contributions | $2,399 |
| Other employee benefits | $0 |
| Payroll taxes | $7,736 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $5,425 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $620 |
| Office expenses | $3,409 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $8,571 |
| Travel | $279 |
| 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 | $6,455 |
| Insurance | $3,505 |
| All other expenses | $0 |
| Total functional expenses | $144,254 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $6,631 |
| Savings and temporary cash investments | $128,048 |
| 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 | $125,478 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $4 |
| Total assets | $260,161 |
| Accounts payable and accrued expenses | $3,581 |
| 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 | $0 |
| Total liabilities | $3,581 |
| Net assets without donor restrictions | $256,580 |
| 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 | $0 |
| Total liabilities and net assets/fund balances | $260,161 |