Literacy Coalition Of Central Texas
- Assets
- $229.1k
- Revenue
- $1.9m
- Investments
- $0.0
- Employees
- 75
- Location
- Austin, TX
- Founding
- 01/2004
- Data as of
- 07/2023
- EIN
- 80-0078300
Organization Overview
Literacy Coalition Of Central Texas is located in Austin, TX. The organization was established in 2004. According to its NTEE Classification (B03) the organization is classified as: Professional Societies & Associations, under the broad grouping of Education and related organizations. As of 07/2023, Literacy Coalition Of Central Texas employed 75 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Literacy Coalition Of Central Texas 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 07/2023, Literacy Coalition Of Central Texas generated $1.9m in total revenue. The organization has seen a slow decline revenue. Over the past 8 years, revenues have fallen by an average of (1.1%) each year. All expenses for the organization totaled $1.9m during the year ending 07/2023. As we would expect to see with falling revenues, expenses have declined by (0.3%) per year over the past 8 years. 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
THE LITERACY COALITION OF CENTRAL TEXAS (LCCT) IS A NON-PROFIT WITH A MISSION TO BREAK THE CYCLE OF INTERGENERATIONAL POVERTY THROUGH HOLISTIC LITERACY SERVICES. LITERACY COALITION OF CENTRAL TEXAS WAS FOUNDED IN 2001 BY A NETWORK OF LITERACY PROVIDERS/COMMUNITY LEADERS TO ENSURE CENTRAL TEXAS FAMILIES/INDIVIDUALS HAVE SKILLS TO REACH THEIR FULL POTENTIAL. NOW 67 MEMBERS STRONG WE EMBED HIGH QUALITY PROGRAMMING IN THE BUSINESS AND NONPROFIT SECTORS TO HELP STRENGTHEN THE WORKFORCE, BOLSTER NONPROFIT PROGRAMS, INCREASE LITERACY, AND BUILD STRONGER COMMUNITIES. LITERACY COALITION OF CENTRAL TEXAS PROVIDES THE FOLLOWING PROGRAMS THROUGH DIRECT SERVICE AND THROUGH OUR PARTNERSHIPS TO APPROX. 1200 UNDUPLICATED CHILDREN/ADULTS ANNUALLY (APPROX. 98% NON-WHITE, APPROX. 90% LOW-INCOME, AND APPROX. 40% SELF-REPORTING AS VICTIMS OF VIOLENT CRIMES).
Describe the Organization's Program Activity:
Part 3 - Line 4a
TEXAS FAMILY LITERACY AMERICORPS - DIRECT LITERACY SERVICES TO HIGH-NEED ADULTS AND PRESCHOOL-AGED CHILDREN.
ADULT BASIC EDUCATION - BASIC READING AND MATH, AS WELL AS HIGH SCHOOL EQUIVALENCY PREPARATION AND JOB READINESS FOR CLIENTS ENTERING THE WORKFORCE FOR THE FIRST TIME OR RE-ENTERING AFTER SOME TIME OFF.
VOCATIONAL EDUCATION - VOCATIONAL TRAINING FOR MIDDLE-SKILLED JOBS, CONTEXTUALIZED ENGLISH AS A SECOND LANGUAGE, BASIC SKILLS SUPPORT CLASSES, AND WORKFORCE PREPARATION ACTIVITIES FOR SOFT SKILLS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Bryan Lauer Board Chair | OfficerTrustee | 8 | $0 |
Seth Winick Board Vice-Chair | OfficerTrustee | 8 | $0 |
Jeff Pinsker Board Finance Chair | OfficerTrustee | 8 | $0 |
Joel Carrillo-Jacques Board Member | Trustee | 8 | $0 |
Marcus Strenk Board Member | Trustee | 8 | $0 |
Tiffany Fernandez Board Member | Trustee | 8 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $35,000 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $1,481,141 |
| All other contributions, gifts, grants, and similar amounts not included above | $268,914 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,785,055 |
| Total Program Service Revenue | $82,923 |
| Investment income | $0 |
| 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 | $1,867,978 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $137,601 |
| Grants and other assistance to domestic individuals. | $98,134 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $128,677 |
| Compensation of current officers, directors, key employees. | $3,421 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,088,880 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $114,681 |
| Payroll taxes | $65,522 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $29,988 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $52,233 |
| Advertising and promotion | $0 |
| Office expenses | $61,922 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $140,284 |
| Travel | $719 |
| 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 | $2,329 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $1,933,621 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $58,851 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $158,194 |
| 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 | $11,066 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $1,031 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $229,142 |
| Accounts payable and accrued expenses | $144,448 |
| 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 | $144,448 |
| Net assets without donor restrictions | $16,653 |
| Net assets with donor restrictions | $68,041 |
| 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 | $229,142 |