Childrens Literacy Center Inc
- Assets
- $1.3m
- Revenue
- $1.1m
- Investments
- $1.7k
- Employees
- 25
- Location
- Colorado Springs, CO
- Founding
- 10/1992
- Data as of
- 05/2022
- EIN
- 84-1209272
Organization Overview
Childrens Literacy Center Inc is located in Colorado Springs, CO. The organization was established in 1992. According to its NTEE Classification (B99) the organization is classified as: Education N.E.C., under the broad grouping of Education and related organizations. As of 05/2022, Childrens Literacy Center Inc employed 25 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Childrens 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 05/2022, Childrens Literacy Center Inc generated $1.1m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 17.9% each year . All expenses for the organization totaled $759.6k during the year ending 05/2022. While expenses have increased by 9.6% 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
BUILDING A LIFE OF SUCCESS THROUGH A FOUNDATION OF LITERACY...ONE CHILD AT A TIME.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDE FREE READING INTERVENTION AND INSTRUCTION TO ELIGIBLE CHILDREN FOR THE YEAR ENDED MAY 31, 2022, TUTORS PROVIDED 6,872 HOURS OF SERVICES WITH AN ESTIMATED VALUE OF $549,780.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Gina Solazzi Executive Director | Officer | 40 | $98,356 |
Peggy Carmack Vice President | OfficerTrustee | 2 | $0 |
Jackie Gonzalez Secretary | OfficerTrustee | 2 | $0 |
Doug Groninger President | OfficerTrustee | 2 | $0 |
Pam Feilmeier Treasurer | OfficerTrustee | 2 | $0 |
Andrea Baldrica Director | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $290,116 |
| Related organizations | $0 |
| Government grants | $81,453 |
| All other contributions, gifts, grants, and similar amounts not included above | $538,066 |
| Noncash contributions included in lines 1a–1f | $6,955 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $909,635 |
| Total Program Service Revenue | $158,950 |
| Investment income | $12,416 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $42,004 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,123,005 |
| 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. | $100,207 |
| Compensation of current officers, directors, key employees. | $11,023 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $336,787 |
| Pension plan accruals and contributions | $6,161 |
| Other employee benefits | $65,027 |
| Payroll taxes | $34,925 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $914 |
| Fees for services: Accounting | $24,844 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $3,625 |
| Fees for services: Other | $56,309 |
| Advertising and promotion | $10,010 |
| Office expenses | $33,033 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $9,600 |
| Travel | $4,684 |
| 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 | $12,686 |
| Insurance | $8,894 |
| All other expenses | $0 |
| Total functional expenses | $759,608 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $226,329 |
| Savings and temporary cash investments | $300,040 |
| Pledges and grants receivable | $20,000 |
| Accounts receivable, net | $9,850 |
| 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 | $7,214 |
| Net Land, buildings, and equipment | $215,641 |
| Investments—publicly traded securities | $448,174 |
| Investments—other securities | $1,733 |
| Investments—program-related | $0 |
| Intangible assets | $100,000 |
| Other assets | $0 |
| Total assets | $1,328,981 |
| Accounts payable and accrued expenses | $16,948 |
| Grants payable | $0 |
| Deferred revenue | $5,250 |
| 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 | $22,198 |
| Net assets without donor restrictions | $1,152,199 |
| Net assets with donor restrictions | $154,584 |
| 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 | $1,328,981 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Childrens Literacy Center Inc has recieved totaling $1,000.
| Awarding Organization | Amount |
|---|---|
John And Ann Mcpherson Foundation Inc Albany, NY PURPOSE: GENERAL CHARITIABLE PURPOSE | $1,000 |
Endowment Analysis
| Beg. Balance | $488,701 |
| Earnings | -$48,622 |
| Net Contributions | $12,821 |
| Other Expense | $4,726 |
| Ending Balance | $448,174 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Classical Academy Colorado Springs, CO | $97,154,437 | $39,391,484 |
Spectrum Healthcare Group Inc Cottonwood, AZ | $17,862,058 | $29,292,227 |
Heritage Hall Oklahoma City, OK | $29,893,924 | $20,863,460 |
United States Deputy Sheriffs Association Inc Wichita, KS | $2,971,599 | $19,654,227 |
Arizona Agribusiness & Equine Center Phoenix, AZ | $41,363,992 | $18,352,142 |
Northwest Christian School Phoenix, AZ | $14,587,608 | $15,711,697 |
Fit Kids Inc Scottsdale, AZ | $27,357,951 | $13,904,484 |
Community Action Partnership Of Mid-Nebraska Kearney, NE | $10,567,482 | $13,526,656 |
Center For Academic Success Sierra Vista, AZ | $18,278,347 | $12,993,576 |
Oklahoma Connections Academy Inc Bartlesville, OK | $2,156,539 | $12,078,246 |
Denver Scholarship Foundation Denver, CO | $33,817,323 | $13,999,484 |
Mccalls Chapel School Inc Ada, OK | $9,915,625 | $11,707,804 |