Permian Basin Adult Literacy Center Inc
- Assets
- $209.1k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 3
- Location
- Midland, TX
- Founding
- 08/1985
- Data as of
- 12/2021
- EIN
- 75-2044292
Organization Overview
Permian Basin Adult Literacy Center Inc is located in Midland, TX. The organization was established in 1985. According to its NTEE Classification (B92) the organization is classified as: Remedial Reading & Encouragement, under the broad grouping of Education and related organizations. As of 12/2021, Permian Basin Adult Literacy Center Inc employed 3 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Permian Basin Adult Literacy Center Inc 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, Permian Basin Adult Literacy Center Inc generated $171.4k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (8.4%) each year. All expenses for the organization totaled $197.4k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (6.2%) per year over the past 7 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
IMPROVE ADULT LITERACY, ABOUT 137 ADULT STUDENTS RECEIVED SERVICES DURING 2021.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Alba Austin Executive Director | 40 | $59,740 | |
Natalie Elaine Stefaniak Vice President | 7 | $0 | |
Howard Marks President | 19 | $0 | |
Elizabeth Newman Treasurer | 8 | $0 | |
Jonathan Connors Secretary | 6 | $0 | |
Roland Holder Member | 9 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $153,365 |
| Total Program Service Revenue | $4,481 |
| Membership dues | $0 |
| Investment income | $5,718 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $7,795 |
| Other Revenue | $0 |
| Total Revenue | $171,359 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $125,181 |
| Professional fees and other payments to independent contractors | $25,703 |
| Occupancy, rent, utilities, and maintenance | $10,509 |
| Printing, publications, postage, and shipping | $630 |
| Other expenses | $35,339 |
| Total expenses | $197,362 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $66,952 |
| Other assets | $0 |
| Total assets | $209,054 |
| Total liabilities | $16,835 |
| Net assets or fund balances | $192,219 |
Grants Recieved
Over the last fiscal year, we have identified 8 grants that Permian Basin Adult Literacy Center Inc has recieved totaling $50,036.
| Awarding Organization | Amount |
|---|---|
Henry Foundation Midland, TX PURPOSE: GENERAL OPERATING SUPPORT | $10,000 |
Ken W Davis Foundation Fort Worth, TX PURPOSE: GENERAL OPERATING FUND | $10,000 |
John And Maurine Cox Foundation Midland, TX PURPOSE: UNRESTRICTED | $10,000 |
Community Foundation Of West Texas Lubbock, TX PURPOSE: UPGRADE COMPUTER TECHNOLOGY | $5,000 |
Ninnie L Baird Foundation Fort Worth, TX PURPOSE: SOFTWARE SUPPORT | $5,000 |
John And Maurine Cox Foundation Midland, TX PURPOSE: UNRESTRICTED | $5,000 |
Endowment Analysis
| Beg. Balance | $29,654 |
| Earnings | $3,079 |
| Admin Expense | $464 |
| Ending Balance | $32,269 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Communities In Schools Of El Paso Inc El Paso, TX | $2,674,803 | $5,342,114 |
Small Steps Nurturing Center Houston, TX | $10,410,748 | $6,522,769 |
Bookspring Austin, TX | $3,307,533 | $2,191,070 |
Austin Explore Inc Austin, TX | $2,025,825 | $1,630,361 |
Catch Up & Read Inc Dallas, TX | $1,980,832 | $917,650 |
Smart Start Central Oklahoma Inc Oklahoma City, OK | $1,312,516 | $1,054,771 |
Literacy Council Of Southwest Louisiana Inc Lake Charles, LA | $245,946 | $785,766 |
Tackle Tomorrow Llc Dallas, TX | $245,428 | $769,944 |
Literacy San Antonio Inc San Antonio, TX | $550,781 | $543,394 |
Rootedgood Kerrville, TX | $704,669 | $179,375 |
Literacy Council Of Williamson County Georgetown, TX | $25,258 | $290,028 |
Adult Learning Alliance Inc Little Rock, AR | $466,955 | $413,741 |