Literacy Council Of Hot Spring
- Assets
- $33.9k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Malvern, AR
- Founding
- 01/1993
- Data as of
- 12/2021
- EIN
- 71-0725836
Organization Overview
Literacy Council Of Hot Spring is located in Malvern, AR. The organization was established in 1993. According to its NTEE Classification (B20) the organization is classified as: Elementary & Secondary Schools, 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. Literacy Council Of Hot Spring 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 12/2021, Literacy Council Of Hot Spring generated $25.2k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (12.4%) each year. All expenses for the organization totaled $31.6k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (3.3%) per year over the past 5 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
2021
Describe the Organization's Program Activity:
Part 3
PROVIDE ONE-TO-ONE BASIC LITERACY AND ENGLISH AS A SECOND LANGUAGE TUTORING SERVICES TO ADULTS AND CHILDREN IN HOT SPRING AND SALINE COUNTIES ARKANSAS. SERVICES ARE PROVIDED BY TRAINED VOLUNTEER TUTORS AT NO CHARGE TO 0.0 TO 8.9 GRADE LEVEL INDIVIDUALS, SERVING APPROXIMATELY 150 - 200 PERSONS ANNUALLY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jan Robertson Vice Preside | 2 | $0 | |
Vickie Mcnees Secretary | 4 | $0 | |
Crystal Ingram Treasurer | 5 | $0 | |
Rhonda Stroud Member At La | 0.5 | $0 | |
Jean Banks Member At La | 0.5 | $0 | |
Peggy Turchi Member At La | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $33,288 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | -$8,785 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $719 |
| Total Revenue | $25,222 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $9,584 |
| Professional fees and other payments to independent contractors | $0 |
| Occupancy, rent, utilities, and maintenance | $14,482 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $7,554 |
| Total expenses | $31,620 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $9,015 |
| Other assets | $0 |
| Total assets | $33,908 |
| Total liabilities | $19,372 |
| Net assets or fund balances | $14,536 |