Sacramento Literacy Foundation
- Assets
- $1.8m
- Revenue
- $527.5k
- Investments
- $0.0
- Employees
- 2
- Location
- Sacramento, CA
- Founding
- 03/1992
- Data as of
- 06/2022
- EIN
- 68-0029756
Organization Overview
Sacramento Literacy Foundation is located in Sacramento, CA. The organization was established in 1992. As of 06/2022, Sacramento Literacy Foundation employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Sacramento 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 06/2022, Sacramento Literacy Foundation generated $527.5k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 0.0% each year. All expenses for the organization totaled $640.2k during the year ending 06/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Sacramento Literacy Foundation has awarded 11 individual grants totaling $572,144. 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO RAISE FUNDS TO SUPPORT AND PROMOTE COMMUNITY LITERACY PROGRAMS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE SACRAMENTO LITERACY FOUNDATION CONDUCTS THE FOLLOWING MISSION-ALIGNED EVENTS AND INITIATIVES: THE ANNUAL EVENTS ARE AUTHORS ON THE MOVE, WALK4LITERACY, THE BIG DAY OF GIVING, THE COMMUNITY LITERACY MAP AND THE ROLE AS SACRAMENTOS OFFICIAL CONVENER CAMPAIGN FOR THE CAMPAIGN GRADE-LEVEL READING. THROUGH THE WALK4LITERACY AND THE COMMUNITY LITERACY MAP, THE FOUNDATION PARTNERED WITH 18 CHILDREN'S LITERACY ORGANIZATIONS TO ADVANCE THE AWARENESS AND INCREASE THE FUNDING OF LITERACY PROGRAMS. THE FOUNDATION SECURED CORPORATE FUNDERS TO MAINTAIN THE COMMUNITY LITERACY MAP WHICH SHOWS EXACTLY WHERE CHILDREN ARE REACHING GRADE-LEVEL AND WHERE THEY ARE NOT. THE BIG DAY OF GIVING IS A COMMUNITY ACTIVITY TO GROW COMMUNITY SUPPORT. THE FOUNDATION BECAME THE COMMUNITY CONVENER FOR THE NATIONAL CAMPAIGN FOR GRADE-LEVEL IN 2019 AND IS DEEPENING ITS ROLE AS CONVENER EVERY DAY. A BROADER LITERACY MOVEMENT IS DEVELOPING IN SACRAMENTO.THIS YEAR, THE FOUNDATION GAVE A TOTAL OF $247,089 DIRECTLY TO THE COMMUNITY REPRESENTING $76,368 DISTRIBUTED FROM THE CHILDREN'S LITERACY ENDOWMENT, $139,451 IN DIRECT SUPPORT OF THE PROMISE ZONE LITERACY INITIATIVE AND $31,269 UPDATING THE COMMUNITY LITERACY MAP. ADDITIONALLY, WE HOSTED 2 EVENTS, AUTHORS ON THE MOVE AND THE WALK4LITERACY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
April Javist Executive Dir. | Officer | 40 | $101,293 |
James Deeringer President | OfficerTrustee | 2 | $0 |
Denise Timmons Secretary | OfficerTrustee | 2 | $0 |
Robert Honaker Vice President | OfficerTrustee | 2 | $0 |
Sean Burke Treasurer | OfficerTrustee | 2 | $0 |
Clark Carter Board Member | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $222,443 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $222,443 |
| Total Program Service Revenue | $0 |
| Investment income | $32,244 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $261,893 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $527,534 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $76,367 |
| 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. | $117,206 |
| Compensation of current officers, directors, key employees. | $11,721 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $125,831 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $2,025 |
| Fees for services: Accounting | $2,528 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $26,634 |
| Fees for services: Other | $16,100 |
| Advertising and promotion | $1,636 |
| Office expenses | $6,532 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $17,848 |
| Travel | $739 |
| 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 | $1,894 |
| Insurance | $12,431 |
| All other expenses | $18,078 |
| Total functional expenses | $640,218 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $356,185 |
| Savings and temporary cash investments | $329,181 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $54,426 |
| 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 | $2,715 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $1,023,283 |
| Intangible assets | $0 |
| Other assets | $4,669 |
| Total assets | $1,770,459 |
| Accounts payable and accrued expenses | $31,508 |
| 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 | $31,508 |
| Net assets without donor restrictions | $844,623 |
| Net assets with donor restrictions | $894,328 |
| 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 | $1,770,459 |
Grants Awarded
Over the last fiscal year, Sacramento Literacy Foundation has awarded $60,728 in support to 5 organizations.
| Grant Recipient | Amount |
|---|---|
Sacramento, CA PURPOSE: Literacy | $22,373 |
COTTAGE HOUSING INC | | | $15,000 |
INNOVATIVE BRIDGE | | | $12,500 |
Sacramento, CA | | $5,750 |
Sacramento, CA | | $5,105 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Sacramento Literacy Foundation has recieved totaling $25,678.
| Awarding Organization | Amount |
|---|---|
Sacramento Region Community Foundation Sacramento, CA PURPOSE: UNRESTRICTED | $25,678 |
Endowment Analysis
| Beg. Balance | $2,710,913 |
| Earnings | $218,528 |
| Admin Expense | -$90,920 |
| Net Contributions | $525,925 |
| Other Expense | -$54,808 |
| Ending Balance | $3,309,639 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Cedar Mill Community Library Association Of Washington County Portland, OR | $2,777,165 | $5,197,203 |
The San Jose Public Library Foundation San Jose, CA | $11,266,259 | $7,329,963 |
City Arts And Lectures Inc San Francisco, CA | $4,629,816 | $1,224,038 |
Friends Of The Sacramento Public Library Sacramento, CA | $926,966 | $377,500 |
Sacramento Literacy Foundation Sacramento, CA | $1,770,459 | $527,534 |
The Corvallis-Benton County Public Library Foundation Inc Corvallis, OR | $2,504,899 | $545,635 |
Friends Of The Phoenix Public Library Inc Phoenix, AZ | $319,974 | $405,881 |
Friends Of The Huntington Beach Public Library Huntington Beach, CA | $2,420,660 | $985,580 |
Friends Of The Palo Alto Public Library Palo Alto, CA | $559,670 | $403,008 |
Friends Of The San Diego Public Library The San Diego, CA | $1,748,833 | $247,993 |
Friends Of The Glendora Library Glendora, CA | $1,860,675 | $281,407 |
Friends Of The Berkeley Public Library Inc Berkeley, CA | $310,544 | $266,875 |