Literacy Volunteers Of America Texas Lva Laredo
- Assets
- $166.6k
- Revenue
- $94.2k
- Investments
- $0.0
- Employees
- 3
- Location
- Laredo, TX
- Founding
- 05/2004
- Data as of
- 06/2021
- EIN
- 74-2499050
Organization Overview
Literacy Volunteers Of America Texas Lva Laredo is located in Laredo, TX. The organization was established in 2004. According to its NTEE Classification (B60) the organization is classified as: Adult Education, under the broad grouping of Education and related organizations. As of 06/2021, Literacy Volunteers Of America Texas Lva Laredo employed 3 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Literacy Volunteers Of America Texas Lva Laredo 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 06/2021, Literacy Volunteers Of America Texas Lva Laredo generated $94.2k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 8.1% each year. All expenses for the organization totaled $67.7k during the year ending 06/2021. While expenses have increased by 7.2% per year over the past 7 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO PROMOTE AND FOSTER INCREASED LITERACY IN LAREDO AND THE SURROUNDING AREAS. OPERATIONS ARE DIRECTED BY A LOCAL VOLUNTARY BOARD.
Describe the Organization's Program Activity:
Part 3 - Line 4a
LITERACY VOLUNTEERS OF AMERICA-LAREDO PROVIDES CONFIDENTIAL, STUDENT- CENTERED INSTRUCTION AND ASSISTANCE BY TRAINED VOLUNTEERS, FREE OF CHARGE, TO ADULTS WITH LIMITED READING, WRITING, AND/OR LIMITED ENGLISH PROFICIENCY SKILLS IN PURSUIT OF PERSONAL, LITERACY-RELATED GOALS. WE HELP OUR STUDENTS BECOME PRODUCTIVE AND INFORMED MEMBERS OF OUR COMMUNITY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Susana Carreon Treasurer | OfficerTrustee | 1 | $0 |
Dr Alicia Carillo President | OfficerTrustee | 1 | $0 |
Mary Bausman Secretary | OfficerTrustee | 1 | $0 |
Leticia Spillane Vice Preside | OfficerTrustee | 1 | $0 |
Guillermo Memo Benavides Board Member | Trustee | 1 | $0 |
Dr Tayo Penosen Board Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $90,910 |
| Investment income | $2,428 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $834 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $94,178 |
| Statement of Expenses | |
|---|---|
| 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. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $39,600 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $3,030 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $4,400 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $2,954 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| 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 | $1,068 |
| Insurance | $1,424 |
| All other expenses | $0 |
| Total functional expenses | $67,674 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $158,699 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| 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 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $6,024 |
| Total assets | $166,583 |
| Accounts payable and accrued expenses | $0 |
| 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 | $0 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Total liabilities and net assets/fund balances | $166,583 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Literacy Volunteers Of America Texas Lva Laredo has recieved totaling $28,635.
| Awarding Organization | Amount |
|---|---|
United Way Of Laredo Inc Laredo, TX PURPOSE: General Funding | $21,635 |
Guadalupe And Lilia Martinez Foundation Fairview, TX PURPOSE: OPERATING FUND | $7,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Texas Association Of School Business Officials Austin, TX | $13,552,555 | $8,546,890 |
Wellmed Charitable Foundation San Antonio, TX | $5,288,908 | $6,529,021 |
M E B Alliance For Educator Diversity Inc Austin, TX | $22,314,291 | $21,147,131 |
Center For American And International Law Plano, TX | $32,656,244 | $3,952,050 |
Construction Education Foundation Inc Dfw Airport, TX | $1,773,818 | $2,270,031 |
In His Image International Inc Tulsa, OK | $3,455,358 | $3,136,702 |
Rain Drop Foundation Inc Houston, TX | $11,714,066 | $2,130,496 |
Texas Liver Institute Inc San Antonio, TX | $8,384,288 | $2,734,307 |
Marcana Enterprises Inc El Paso, TX | $1,883,533 | $2,963,942 |
Transmit Receive Labs Inc Houston, TX | $1,236,102 | $2,595,127 |
Marcus Graham Project Dallas, TX | $253,522 | $2,244,629 |
Lift Dallas, TX | $1,601,967 | $1,265,251 |