Literacy Council Of Tyler Inc
- Assets
- $3.7m
- Revenue
- $3.8m
- Investments
- $0.0
- Employees
- 55
- Location
- Tyler, TX
- Founding
- 01/1991
- Data as of
- 06/2022
- EIN
- 75-2359704
Organization Overview
Literacy Council Of Tyler Inc is located in Tyler, TX. The organization was established in 1991. As of 06/2022, Literacy Council Of Tyler Inc employed 55 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Literacy Council Of Tyler 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 06/2022, Literacy Council Of Tyler Inc generated $3.8m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 6.2% each year. All expenses for the organization totaled $3.2m during the year ending 06/2022. While expenses have increased by 11.1% 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.
Since 2019, Literacy Council Of Tyler Inc has awarded 23 individual grants totaling $4,229,933. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE ENTITY'S EXEMPT PURPOSE IS TO IMPROVE LITERACY IN THE TYLER AREA AND TO INCREASE AWARENESS OF ILLITERACY AND ITS EFFECTS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
LITERACY PROGRAM:EDUCATIONAL SERVICES WERE PROVIDED AT 16 SITES 1,300-1,500 STUDENTS SERVED 175 VOLUNTEERS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Whitney Patterson Executive Dir. | Officer | 40 | $74,688 |
Matt Horton VP Governance | OfficerTrustee | 1 | $0 |
J Nathan Kelley President | OfficerTrustee | 1 | $0 |
Dr Dm Edwards Director | Trustee | 1 | $0 |
Ikey Eason Director | Trustee | 1 | $0 |
Michelle Brookshire Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $95,072 |
| Membership dues | $0 |
| Fundraising events | $40,018 |
| Related organizations | $0 |
| Government grants | $3,080,417 |
| All other contributions, gifts, grants, and similar amounts not included above | $318,591 |
| Noncash contributions included in lines 1a–1f | $1,500 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $3,534,098 |
| Total Program Service Revenue | $0 |
| Investment income | $224,669 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,762,526 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $881,950 |
| 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. | $77,688 |
| Compensation of current officers, directors, key employees. | $15,538 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,417,735 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $114,927 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $30,500 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $24,519 |
| Office expenses | $27,893 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $8,232 |
| 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 | $1,425 |
| Insurance | $25,057 |
| All other expenses | $54,309 |
| Total functional expenses | $3,232,603 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $486,895 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $232,364 |
| Accounts receivable, net | $79,146 |
| 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 | $15,120 |
| Net Land, buildings, and equipment | $2,849 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $2,874,346 |
| Total assets | $3,690,720 |
| Accounts payable and accrued expenses | $267,043 |
| Grants payable | $0 |
| Deferred revenue | $36,160 |
| 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 | $303,203 |
| Net assets without donor restrictions | $1,532,165 |
| Net assets with donor restrictions | $1,855,352 |
| 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 | $3,690,720 |
Grants Awarded
Over the last fiscal year, Literacy Council Of Tyler Inc has awarded $881,950 in support to 5 organizations.
| Grant Recipient | Amount |
|---|---|
KILGORE COLLEGE PURPOSE: EDUCATIONAL PASS-THROUGH GRANT | $571,139 |
Carthage, TX PURPOSE: EDUCATIONAL PASS-THROUGH GRANT | $212,591 |
NORTHEAST TEXAS COMM COLLEGE PURPOSE: EDUCATIONAL PASS-THROUGH GRANT | $69,417 |
TRINITY VALLEY COMM COLLEGE PURPOSE: EDUCATIONAL PASS-THROUGH GRANT | $18,782 |
ANGELINA COLLEGE PURPOSE: EDUCATIONAL PASS-THROUGH GRANT | $10,021 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Literacy Council Of Tyler Inc has recieved totaling $5,000.
| Awarding Organization | Amount |
|---|---|
James I Perkins Family Foundation Tyler, TX PURPOSE: EDUCATION | $5,000 |
Endowment Analysis
| Beg. Balance | $2,964,881 |
| Earnings | -$482,893 |
| Admin Expense | $37,100 |
| Net Contributions | $68,317 |
| Ending Balance | $2,513,205 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Literacy Council Of Tyler Inc Tyler, TX | $3,690,720 | $3,762,526 |
Literacy And Evangelism Inc Tulsa, OK | $858,673 | $885,871 |
Ozark Literacy Council Inc Fayetteville, AR | $376,944 | $226,926 |
Richardson Adult Literacy Center Richardson, TX | $279,584 | $240,112 |
Dogwood Literacy Council Siloam Springs Arkansas Siloam Springs, AR | $56,569 | $0 |
Temple Literacy Council Temple, TX | $26,511 | $8,360 |
Textesol Iii Austin, TX | $105,672 | $0 |