Louisiana Childrens Research Center For Development And Learning
- Assets
- $3.8m
- Revenue
- $3.6m
- Investments
- $82.2k
- Employees
- 42
- Location
- Metairie, LA
- Founding
- 02/1993
- Data as of
- 08/2022
- EIN
- 72-1221356
Organization Overview
Louisiana Childrens Research Center For Development And Learning, operating under the name The Center For Literacy & Learning, is located in Metairie, LA. The organization was established in 1993. According to its NTEE Classification (P80) the organization is classified as: Centers to Support the Independence of Specific Populations, under the broad grouping of Human Services and related organizations. As of 08/2022, Center For Literacy & Learning employed 42 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Center For Literacy & Learning 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 08/2022, Center For Literacy & Learning generated $3.6m in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 23.5% each year . All expenses for the organization totaled $4.6m during the year ending 08/2022. While expenses have increased by 22.0% per year over the past 5 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
EVERYONE IS EMPOWERED THROUGH LITERACY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROFESSIONAL DEVELOPMENT/LEARNING-2,219 EDUCATORS WERE PROVIDED COMPREHENSIVE EVIDENCE-BASED PROFESSIONAL DEVELOPMENT
ADVOCACY-THE ORGANIZATION ADDRESSED ISSUES OF COMMON IMPORTANCE BY DELIBERATION, DIALOGUE, AND ACTION WITH OR ON BEHALF OF POLICYMAKES, EDUCATORS, AND THE GENERAL PUBLIC.
COMMUNITY PUBLIC ENGAGEMENT-MEMBERS OF THE ORGANIZATION PARTICIPATED IN LOCAL AND STATE EDUCATINAL MEETINGS THE CENTER HOLDS CONVENINGS WITH PARENTS AND COMMUNITY LEADERS ON EDUCATION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dr John Wyble CEO | Officer | $167,150 | |
Kelvin Adams Board Member | Trustee | $0 | |
Glenny Lee Buquet Board Member | Trustee | $0 | |
Janet Connell Chair Elect | OfficerTrustee | $0 | |
Joan Coulter Secretary | OfficerTrustee | $0 | |
Lawarence Houston Board Member | Trustee | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $217,200 |
| All other contributions, gifts, grants, and similar amounts not included above | $244,987 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $462,187 |
| Total Program Service Revenue | $3,390,866 |
| Investment income | $87,520 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$323,440 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,617,133 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| 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. | $166,400 |
| Compensation of current officers, directors, key employees. | $9,451 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $2,211,080 |
| Pension plan accruals and contributions | $269,063 |
| Other employee benefits | $190,402 |
| Payroll taxes | $183,513 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $33,124 |
| Fees for services: Other | $278,307 |
| Advertising and promotion | $6,191 |
| Office expenses | $37,553 |
| Information technology | $38,003 |
| Royalties | $0 |
| Occupancy | $103,933 |
| Travel | $185,859 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $713,574 |
| Interest | $469 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $11,066 |
| Insurance | $7,116 |
| All other expenses | $35,284 |
| Total functional expenses | $4,587,780 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $64,302 |
| Savings and temporary cash investments | $83,527 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $252,527 |
| 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 | $45,371 |
| Net Land, buildings, and equipment | $48,983 |
| Investments—publicly traded securities | $3,231,977 |
| Investments—other securities | $82,152 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $6,082 |
| Total assets | $3,814,921 |
| Accounts payable and accrued expenses | $52,521 |
| Grants payable | $0 |
| Deferred revenue | $123,972 |
| 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 | $500,000 |
| Unsecured mortgages and notes payable | $325,469 |
| Other liabilities | $52,120 |
| Total liabilities | $1,054,082 |
| Net assets without donor restrictions | $2,645,135 |
| Net assets with donor restrictions | $115,704 |
| 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 | $3,814,921 |