Literacy Access Fund
- Assets
- $5.5k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Chester, PA
- Founding
- 09/2016
- Data as of
- 12/2021
- EIN
- 81-3227808
Organization Overview
Literacy Access Fund is located in Chester, PA. The organization was established in 2016. According to its NTEE Classification (B92) the organization is classified as: Remedial Reading & Encouragement, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Literacy Access Fund 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, Literacy Access Fund generated $85.8k in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 36.1% each year . All expenses for the organization totaled $40.5k during the year ending 12/2021. 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
GRANTS TO LIBRARIES
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Deborah Sorgi President And Chair | 5 | $0 | |
Brian Pickett CFO | 3 | $0 | |
Vipon Kumar Treasurer | 1 | $0 | |
Charlotte Wade Secretary | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $85,764 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $4 |
| Total Revenue | $85,768 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $0 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $471 |
| Total expenses | $40,471 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $5,455 |
| Other assets | $0 |
| Total assets | $5,455 |
| Total liabilities | $154,303 |
| Net assets or fund balances | -$148,848 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Literacy Access Fund has recieved totaling $85,514.
| Awarding Organization | Amount |
|---|---|
Mom365 Foundation Inc St Charles, MO PURPOSE: TO DISTRIBUTE MOM365 FOUNDATION'S ASSETS TO ANOTHER FOUNDATION | $85,514 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Urban Youth Alliance International Inc Bronx, NY | $4,354,975 | $6,995,942 |
Kids Read Now Troy, OH | $1,305,520 | $4,930,805 |
Literacy Inc New York, NY | $4,595,330 | $3,899,705 |
Read Alliance Inc New York, NY | $3,368,825 | $3,674,607 |
Nj Leep Inc Newark, NJ | $3,780,662 | $2,866,137 |
Reading Recovery Council Of North America Worthington, OH | $1,777,303 | $1,197,918 |
We Need Diverse Books Bethesda, MD | $1,284,821 | $1,729,399 |
Reach Out And Read Of Greater New York Inc New York, NY | $1,043,771 | $1,407,811 |
Reading Is Fundamental Pittsburg Pittsburgh, PA | $3,385,621 | $940,540 |
The Literacy Center Allentown, PA | $813,842 | $994,402 |
Read To Succeed Buffalo Inc Buffalo, NY | $1,016,821 | $853,837 |
Media-Upper Providence Free Library Association Media, PA | $3,477,052 | $561,583 |