Dollar General Literacy Foundation
- Assets
- $57.6m
- Revenue
- $23.1m
- Investments
- $39.1m
- Employees
- 0
- Location
- Goodlettsville, TN
- Founding
- 06/1994
- Data as of
- 01/2024
- EIN
- 62-1546736
Organization Overview
Dollar General Literacy Foundation is located in Goodlettsville, TN. The organization was established in 1994. According to its NTEE Classification (B92) the organization is classified as: Remedial Reading & Encouragement, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Dollar General Literacy Foundation 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 01/2024, Dollar General Literacy Foundation generated $23.1m in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 2.3% each year. All expenses for the organization totaled $19.9m during the year ending 01/2024. While expenses have increased by 0.3% per year over the past 9 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.
Since 2016, Dollar General Literacy Foundation has awarded 12,717 individual grants totaling $132,027,101. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2024
Describe the Organization's Mission:
Part 3 - Line 1
SERVE OTHERS THROUGH BASIC EDUCATION GRANTS WHICH POSITION PERSONS FOR EXCELLENCE
Describe the Organization's Program Activity:
Part 3 - Line 4a
BASIC EDUCATION GRANTS TO OTHER CHARITABLE ORGANIZATIONS THAT ARE ENGAGED IN LITERACY PROGRAMS THROUGHOUT THE UNITED STATES
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kathy Reardon Director | Trustee | 1 | $595,856 |
Barbara Springer Director | Trustee | 1 | $320,429 |
Steve Brophy Director | Trustee | 1 | $271,268 |
Rod West Director | Trustee | 1 | $478,138 |
Cal Turner Jr Honorary Chairman | Officer | 1 | $0 |
Todd Vasos President | Officer | 1 | $652,461 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $3,573,055 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $15,781,403 |
| Noncash contributions included in lines 1a–1f | $305,070 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $19,354,458 |
| Total Program Service Revenue | $0 |
| Investment income | $3,710,479 |
| 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 | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $23,064,937 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $19,083,119 |
| 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 | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $27,260 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $94,493 |
| Fees for services: Other | $0 |
| Advertising and promotion | $179,281 |
| Office expenses | $1,934 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $4,560 |
| 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 | $0 |
| Insurance | $0 |
| All other expenses | $28,030 |
| Total functional expenses | $19,872,007 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $9,633,294 |
| Savings and temporary cash investments | $2,110,822 |
| Pledges and grants receivable | $6,378,070 |
| 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 | $99,172 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $39,137,445 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $201,175 |
| Total assets | $57,559,978 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $18,299 |
| 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 | $18,299 |
| Net assets without donor restrictions | $57,541,679 |
| 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 | $57,559,978 |
Grants Awarded
Over the last fiscal year, Dollar General Literacy Foundation has awarded $15,793,684 in support to 493 organizations.
| Grant Recipient | Amount |
|---|---|
ADRIAN REA LITERACY CENTER PURPOSE: ADULT LITERACY | $6,000 |
ADULT EDUCATION FOUNDATION OF BLOUNT COUNTY PURPOSE: ADULT LITERACY | $8,000 |
ADULT LEARNING CENTER INC PURPOSE: ADULT LITERACY | $7,500 |
ADULT LITERACY ADVOCATES PURPOSE: ADULT LITERACY | $6,500 |
ADULT LITERACY LEAGUE INC PURPOSE: ADULT LITERACY | $8,000 |
ADULT LITERACY PROGRAM AT KENNETT LIBRARY PURPOSE: ADULT LITERACY | $10,000 |