Permian Basin Adult Literacy Center Inc
- Assets
- $380.2k
- Revenue
- $367.8k
- Investments
- $0.0
- Employees
- 2
- Location
- Midland, TX
- Founding
- 08/1985
- Data as of
- 12/2022
- 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 12/2022, Permian Basin Adult Literacy Center Inc employed 2 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 12/2022, Permian Basin Adult Literacy Center Inc generated $367.8k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 2.1% each year. All expenses for the organization totaled $184.2k during the year ending 12/2022. 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
THE MISSION OF PERMIAN BASIN ADULT LITERACY CENTER (PBALC) IS TO DEVELOP THE LITERACY SKILLS OF ADULTS SO THEY CAN ACHIEVE THEIR GOALS, IMPROVE THEIR LIVES, AND IMPACT OUR COMMUNITY. OUR PROGRAM ADDRESSES ENGLISH LANGUAGE LEARNING AND ADULT EDUCATION & LITERACY. OUR TARGET CLIENTELE ARE ADULTS OVER THE AGE OF 18 WHO NEED TO DEVELOP THEIR READING AND WRITING SKILLS, ENGLISH LANGUAGE SKILLS, OR OTHER LITERACY SKILLS. WE CREATE AN INDIVIDUALIZED ACHIEVEMENT PLAN FOR EACH STUDENT THROUGH ENROLLMENT, ASSESSMENT, AND GOAL-SETTING. PBALC STRIVES TO PROVIDE AN INCLUSIVE AND ADAPTABLE PROGRAM THAT ENCOURAGES STUDENTS TO COMMIT TO PURSUING THEIR INDIVIDUAL LITERACY GOALS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PBALC USES SEVERAL STRATEGIES TO EDUCATE ADULTS AFFECTED BY ADULT LITERACY. THESE STRATEGIES INCLUDE PROVIDING ONE-ON-ONE TUTORING SERVICES, OFFERING SMALL GROUP CLASSES, SELF-PACED PROGRAMS AND OFFERING SPECIALTY LITERACY PROGRAMS TO HELP ADULTS IMPROVE THEIR BASIC LITERACY SKILLS. OUR PROGRAMS ARE OFFERED BOTH VIRTUALLY AND IN-PERSON- AND WE TAILOR EACH STUDENTS PLANS ACCORDING TO THEIR GOALS STATED DURING THE ASSESSMENT PROCESS. IN ADDITION, WE OFFER CITIZENSHIP COURSES, BOOK CLUB CLASSES, CONVERSATIONAL CAFÉ CLASSES, LEARNING CIRCLES, OUR INFORMATIONAL LIVE STREAM SHOWS AND OTHER SPECIAL CLASS OFFERINGS AT VARIOUS TIMES THROUGHOUT THE YEAR. WE ARE ABLE TO BE FLEXIBLE AND INNOVATIVE IN OUR PROGRAM OFFERINGS, AND USE THE MOST UP TO DATE ADULT LEARNING AND EDUCATIONAL CURRICULUM AVAILABLE. WE ALSO EFFECTIVELY PARTNER WITH ORGANIZATIONS LIKE HABITAT FOR HUMANITY, WORKFORCE PROGRAMS, AND OTHER ADULT EDUCATION PROGRAMS IN THE AREA. PBALC KNOWS THAT THE REAL IMPACT OF OUR PROGRAM IS SEEN IN THE EVERYDAY INTERACTIONS WITH OUR STUDENTS. WHEN WE HELP ADULTS DEVELOP THEIR LITERACY SKILLS, WE EQUIP PARENTS TO ADVOCATE FOR THEIR CHILDREN; WE BUILD RESUMES; WE GIVE DIGNITY TO THOSE WHO HAVE LOST HOPE. OUR IMPACT RIPPLES THROUGHOUT THE COMMUNITY AS OUR STUDENTS' LIVES INTERSECT WITH OTHERS, AND THEY WORK WITHIN THEIR OWN FAMILIES TO END THE GENERATIONAL CYCLE OF LIMITED LITERACY. FOR THIS REASON, OUR GOAL IS TO PROVIDE QUALITY LITERACY SERVICES TO EVERY ADULT IN OUR COMMUNITY WHO WANTS AND NEEDS THEM. MORE THAN 130 STUDENTS RECEIVED ADULT LITERACY SERVICES DURING 2022.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Alba Austin Executive Director | Officer | 40 | $63,899 |
Howard Marks President | OfficerTrustee | 6 | $0 |
Natalie Elaine Stefaniak Vice President | OfficerTrustee | 9 | $0 |
Elizabeth Newman Treasurer | OfficerTrustee | 9 | $0 |
Jonathan Connors Secretary | OfficerTrustee | 14 | $0 |
Jessica Bexley Member | Trustee | 7 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $145,350 |
| Noncash contributions included in lines 1a–1f | $1,000 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $145,350 |
| Total Program Service Revenue | $2,650 |
| Investment income | $966 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $218,594 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $227 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $367,787 |
| 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. | $106,661 |
| Compensation of current officers, directors, key employees. | $12,729 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $6,307 |
| Payroll taxes | $8,184 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $9,191 |
| 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 | $3,094 |
| Information technology | $16,143 |
| Royalties | $0 |
| Occupancy | $6,889 |
| Travel | $64 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $40 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $6,431 |
| Insurance | $17,623 |
| All other expenses | $0 |
| Total functional expenses | $184,221 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $139,832 |
| Savings and temporary cash investments | $200,603 |
| 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 | $2,410 |
| Net Land, buildings, and equipment | $6,031 |
| Investments—publicly traded securities | $31,327 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $380,203 |
| Accounts payable and accrued expenses | $11,479 |
| 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 | $11,479 |
| Net assets without donor restrictions | $347,189 |
| Net assets with donor restrictions | $21,535 |
| 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 | $380,203 |