Fayette Literacy
- Assets
- $26.3k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Somerville, TN
- Founding
- 06/2006
- Data as of
- 06/2023
- EIN
- 62-1583753
Organization Overview
Fayette Literacy is located in Somerville, TN. The organization was established in 2006. According to its NTEE Classification (B60) the organization is classified as: Adult Education, 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. Fayette Literacy 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 06/2023, Fayette Literacy generated $30.9k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (3.0%) each year. All expenses for the organization totaled $37.4k during the year ending 06/2023. As we would expect to see with falling revenues, expenses have declined by (4.6%) per year over the past 7 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
2023
Describe the Organization's Program Activity:
Part 3
TO PROVIDE QUALITY PROGRAMS AND SERVICES TO EMPOWER INDIVIDUALS TO IMPROVE FAMILY LIFE, MEET THEIR PERSONAL AND EDUCATIONAL GOALS AND TO BECOME MORE PRODUCTIVE CITIZENS IN THEIR WORKPLACE AND COMMUNITY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Barbara Wells Board Member | 0 | $0 | |
Edward Cooper President | 0 | $0 | |
Denise Yewell Vice President | 0 | $0 | |
Korine Dankowski Treasurer | 0 | $0 | |
Laura Evans Secretary | 0 | $0 | |
Laura Johnson Board Member | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $30,860 |
| 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 | $30,860 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $1,732 |
| Occupancy, rent, utilities, and maintenance | $10,800 |
| Printing, publications, postage, and shipping | $170 |
| Other expenses | $24,724 |
| Total expenses | $37,426 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $26,325 |
| Other assets | $0 |
| Total assets | $26,325 |
| Total liabilities | $0 |
| Net assets or fund balances | $26,325 |