Twin Lakes Literacy Council
- Assets
- $139.3k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Mountain Home, AR
- Founding
- 07/1998
- Data as of
- 06/2023
- EIN
- 71-0805467
Organization Overview
Twin Lakes Literacy Council is located in Mountain Home, AR. The organization was established in 1998. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Twin Lakes Literacy Council 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, Twin Lakes Literacy Council generated $90.6k in total revenue. This organization has experienced exceptional growth, as over the past 3 years, it has increased revenue by an average of 16.8% each year . All expenses for the organization totaled $72.5k during the year ending 06/2023. While expenses have increased by 2.8% per year over the past 3 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.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3
INDIVIDUALS RECEIVED TUTORING IN LITERACY FROM VOLUNTEERS, AND THE COMMUNITY WAS MADE AWARE OF THE IMPORTANCE OF LITERACY
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Steve Johnson Chairman | 5 | $0 | |
Phil Garner Vice-Chair | 5 | $0 | |
Richard Hester Secretary | 5 | $0 | |
Chris Kellem Treasurer | 5 | $0 | |
Becca Martin Director | 2 | $0 | |
Jennie Riley Director | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $79,772 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $5,824 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $4,824 |
| Other Revenue | $138 |
| Total Revenue | $90,558 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $39,284 |
| Professional fees and other payments to independent contractors | $1,000 |
| Occupancy, rent, utilities, and maintenance | $17,558 |
| Printing, publications, postage, and shipping | $2,716 |
| Other expenses | $11,903 |
| Total expenses | $72,461 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $128,530 |
| Other assets | $0 |
| Total assets | $139,285 |
| Total liabilities | $2,799 |
| Net assets or fund balances | $136,486 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Literacy Council Of Tyler Inc Tyler, TX | $3,839,887 | $3,885,204 |
Literacy And Evangelism Inc Tulsa, OK | $762,174 | $861,993 |
Nashville Adult Literacy Council Inc Nashville, TN | $495,992 | $629,035 |
Ozark Literacy Council Inc Fayetteville, AR | $515,123 | $262,124 |
Richardson Adult Literacy Center Richardson, TX | $228,790 | $167,781 |
Twin Lakes Literacy Council Mountain Home, AR | $139,285 | $0 |
Dogwood Literacy Council Siloam Springs Arkansas Siloam Springs, AR | $71,588 | $0 |
Clarksville-Montgomery County Adult Literacy Council Clarksville, TN | $20,670 | $54,494 |
Temple Literacy Council Temple, TX | $26,511 | $8,360 |
Textesol Iii Austin, TX | $105,672 | $0 |