Sacramento Literacy Foundation
- Assets
- $2.8m
- Revenue
- $1.4m
- Investments
- $0.0
- Employees
- 5
- Location
- Sacramento, CA
- Founding
- 03/1992
- Data as of
- 06/2023
- EIN
- 68-0029756
Organization Overview
Sacramento Literacy Foundation is located in Sacramento, CA. The organization was established in 1992. As of 06/2023, Sacramento Literacy Foundation employed 5 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 06/2023, Sacramento Literacy Foundation generated $1.4m in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 13.3% each year . All expenses for the organization totaled $576.0k during the year ending 06/2023. 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
2023
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 READING 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 AND IN JULY 2022, THE FOUNDATION PARTNERED WITH THE SACRAMENTO HOUSING AND REDEVELOPMENT AGENDY AND LED THE LITERACY COMMUNITY TO WIN SACRAMENTO AN ALL-AMERCAN CITY AWARD, 2022. THIS YEAR, THE FOUNDATION GAVE A TOTAL OF $290,265.67 DIRECTLY TO THE COMMUNITY REPRESENTING $52,146 DISTRIBUTED FROM THE CHILDREN'S LITERACY ENDOWMENT, $135,980 IN DIRECT SUPPORT OF THE PROMISE ZONE LITERACY INITIATIVE AND $8,720 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 |
Clark Carter Board Member | Trustee | 2 | $0 |
Ahamadou Bocar President | OfficerTrustee | 2 | $0 |
Randy Getz Vice President | OfficerTrustee | 2 | $0 |
Denise Timmons Secretary | OfficerTrustee | 2 | $0 |
Robert Honaker Board Member | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $35,000 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,151,495 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,186,495 |
| Total Program Service Revenue | $0 |
| Investment income | $42,961 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $197,479 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,426,935 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $52,146 |
| 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. | $114,641 |
| Compensation of current officers, directors, key employees. | $9,156 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $55,537 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $2,320 |
| Payroll taxes | $10,628 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $27,714 |
| Fees for services: Accounting | $16,970 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $15,061 |
| Advertising and promotion | $213 |
| Office expenses | $8,860 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $20,370 |
| Travel | $2,036 |
| 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 | $2,556 |
| Insurance | $9,782 |
| All other expenses | $48,294 |
| Total functional expenses | $576,038 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $460,620 |
| Savings and temporary cash investments | $344,070 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $816,057 |
| 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 | $964 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $1,066,683 |
| Intangible assets | $0 |
| Other assets | $102,311 |
| Total assets | $2,790,705 |
| Accounts payable and accrued expenses | $42,675 |
| 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 | $75,511 |
| Total liabilities | $118,186 |
| Net assets without donor restrictions | $1,681,546 |
| Net assets with donor restrictions | $990,973 |
| 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 | $2,790,705 |
Grants Awarded
Over the last fiscal year, Sacramento Literacy Foundation has awarded $60,728 in support to 5 organizations.
| Grant Recipient | Amount |
|---|---|
916 INK PURPOSE: Literacy | $22,373 |
HMONG YOUTH AND PARENTS UNITE | | | $5,105 |
COTTAGE HOUSING INC | | | $15,000 |
UNITED WAY CA CAPITAL REGION | | | $5,750 |
INNOVATIVE BRIDGE | | | $12,500 |