Literacy Source
- Assets
- $581.9k
- Revenue
- $1.2m
- Investments
- $0.0
- Employees
- 27
- Location
- Seattle, WA
- Founding
- 04/2002
- Data as of
- 06/2021
- EIN
- 91-2101208
Organization Overview
Literacy Source is located in Seattle, WA. The organization was established in 2002. 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 06/2021, Literacy Source employed 27 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Literacy Source 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 06/2021, Literacy Source generated $1.2m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 6.5% each year. All expenses for the organization totaled $1.1m during the year ending 06/2021. While expenses have increased by 7.4% per year over the past 6 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
LITERACY SOURCE PARTNERS WITH ADULTS WORKING TO GAIN SKILLS AND EDUCATION TO CREATE NEW OPPORTUNITIES FOR THEMSELVES, THEIR FAMILIES, AND THE COMMUNITY. LITERACY SOURCE MAKES IT POSSIBLE FOR ADULTS TO GAIN THE BASIC LITERACY SKILLS THEY NEED IN ORDER TO SUCCEED IN SCHOOL, TO FIND A JOB, TO ACHIEVE LIFE GOALS, AND TO CREATE A BETTER, MORE HOPEFUL FUTURE. AT THE HEART OF OUR WORK IS TEACHING ADULT LEARNERS TO READ, WRITE AND DO BASIC MATH. THAT'S BECAUSE PROFICIENCY IN THESE AREAS IS A GAME-CHANGER FOR PEOPLE WHO ARE OTHERWISE UNABLE TO ATTAIN EMPLOYMENT, THRIVE IN SCHOOL, GAIN CITIZENSHIP AND PURSUE OTHER LIFE OPPORTUNITIES. OUR LEARNERS RANGE IN AGE FROM 18-88, SPEAK MORE THAN 40 LANGUAGES, AND REPRESENT OVER 50 NATIONS. WITH A SMALL PROFESSIONAL STAFF AND OVER 150 VOLUNTEERS, LITERACY SOURCE PROVIDES ALMOST 50,000 HOURS OF SMALL GROUP AND INDIVIDUALIZED INSTRUCTION FOR ALMOST 550 ADULT LEARNERS EACH YEAR, INCLUDING: . BASIC SKILLS INSTRUCTION IN READING, WRITING AND MATH . ENGLISH FOR
Describe the Organization's Program Activity:
Part 3 - Line 4a
LAKE CITY LEARNING CENTER ADULT BASIC EDUCATION AND SUPPORT: SMALL GROUP CLASSES AND ONE-ON-ONE TUTORING IN ENGLISH LANGUAGE, CITIZENSHIP EDUCATION, READING, WRITING, MATH, GED COMPLETION AND COMPUTER SKILLS INSTRUCTION PROVIDED BY STAFF AND TRAINED VOLUNTEERS FOR LOW-LITERACY ADULTS AND ENGLISH LANGUAGE LEARNERS IN PREPARATION FOR FAMILY, COMMUNITY AND WORK RESPONSIBILITIES. OUR LEARNERS RANGE IN AGE FROM 18-88, SPEAK MORE THAN 40 LANGUAGES AND REPRESENT OVER 50 NATIONS. OUR STUDENTS FACE GREAT CHALLENGES AND STRIVE FOR SUCCESS AGAINST TREMENDOUS ODDS, BUT ALL SHARE ONE COMMON ELEMENT - THE DESIRE TO LEARN, TO ACHIEVE AND TO LIVE A BETTER LIFE.
COMMUNITY CLASSES: IN ADDITION TO OFFERING CLASSES AT OUR MAIN LEARNING CENTER IN LAKE CITY, WE PARTNER WITH LOCAL GOVERNMENTS AND COMMUNITY PARTNERS TO PROVIDE ENGLISH LANGUAGE INSTRUCTION AT A VARIETY OF LOCATIONS IN THE COMMUNITY INCLUDING: -READY TO WORK SOUTH: LITERACY SOURCE PARTNERS WITH THE CITY OF SEATTLE AND ASIAN COUNSELING AND REFERRAL SERVICE TO PROVIDE TWO ESOL CLASSES FOCUSED ON WORK READINESS IN SEATTLE'S RAINIER VALLEY. -READY TO WORK WEST: LITERACY SOURCE PARTNERS WITH THE CITY OF SEATTLE AND NEIGHBORHOOD HOUSE HIGH POINT TO PROVIDE AN ESOL CLASS FOCUSED ON WORK READINESS IN WEST SEATTLE. -LIBRARY TALK TIMES: LITERACY SOURCE PARTNERS WITH THE CITY OF SEATTLE TO OFFER CONVERSATION CLASSES ON A DROP-IN BASIS AT 3 DIFFERENT LIBRARIES IN SEATTLE. -KING COUNTY CORRECTIONAL FACILITY: LITERACY SOURCE PARTNERS WITH KING COUNTY TO PROVIDE ONE-ON-ONE TUTORING TO INMATES AT THE KING COUNTY CORRECTIONAL FACILITY.
WORKPLACE CLASSES: LITERACY SOURCE PARTNERS WITH EMPLOYERS AND UNIONS TO PROVIDE ON-SITE CONTEXTUALIZED CLASSES THAT FOCUS ON HELPING EMPLOYEES WITH ENGLISH LANGUAGE AND/OR DIGITAL LITERACY SKILLS NEEDED TO SUCCEED AND ADVANCE IN THE WORKPLACE.
LAKE CITY LEARNING CENTER ADULT BASIC EDUCATION AND SUPPORT: SMALL GROUP CLASSES AND ONE-ON-ONE TUTORING IN ENGLISH LANGUAGE, CITIZENSHIP EDUCATION, READING, WRITING, MATH, GED COMPLETION AND COMPUTER SKILLS INSTRUCTION PROVIDED BY STAFF AND TRAINED VOLUNTEERS FOR LOW-LITERACY ADULTS AND ENGLISH LANGUAGE LEARNERS IN PREPARATION FOR FAMILY, COMMUNITY AND WORK RESPONSIBILITIES. OUR LEARNERS RANGE IN AGE FROM 18-88, SPEAK MORE THAN 40 LANGUAGES AND REPRESENT OVER 50 NATIONS. OUR STUDENTS FACE GREAT CHALLENGES AND STRIVE FOR SUCCESS AGAINST TREMENDOUS ODDS, BUT ALL SHARE ONE COMMON ELEMENT - THE DESIRE TO LEARN, TO ACHIEVE AND TO LIVE A BETTER LIFE.
COMMUNITY CLASSES: IN ADDITION TO OFFERING CLASSES AT OUR MAIN LEARNING CENTER IN LAKE CITY, WE PARTNER WITH LOCAL GOVERNMENTS AND COMMUNITY PARTNERS TO PROVIDE ENGLISH LANGUAGE INSTRUCTION AT A VARIETY OF LOCATIONS IN THE COMMUNITY INCLUDING: -READY TO WORK SOUTH: LITERACY SOURCE PARTNERS WITH THE CITY OF SEATTLE AND ASIAN COUNSELING AND REFERRAL SERVICE TO PROVIDE TWO ESOL CLASSES FOCUSED ON WORK READINESS IN SEATTLE'S RAINIER VALLEY. -READY TO WORK WEST: LITERACY SOURCE PARTNERS WITH THE CITY OF SEATTLE AND NEIGHBORHOOD HOUSE HIGH POINT TO PROVIDE AN ESOL CLASS FOCUSED ON WORK READINESS IN WEST SEATTLE. -LIBRARY TALK TIMES: LITERACY SOURCE PARTNERS WITH THE CITY OF SEATTLE TO OFFER CONVERSATION CLASSES ON A DROP-IN BASIS AT 3 DIFFERENT LIBRARIES IN SEATTLE. -KING COUNTY CORRECTIONAL FACILITY: LITERACY SOURCE PARTNERS WITH KING COUNTY TO PROVIDE ONE-ON-ONE TUTORING TO INMATES AT THE KING COUNTY CORRECTIONAL FACILITY.
WORKPLACE CLASSES: LITERACY SOURCE PARTNERS WITH EMPLOYERS AND UNIONS TO PROVIDE ON-SITE CONTEXTUALIZED CLASSES THAT FOCUS ON HELPING EMPLOYEES WITH ENGLISH LANGUAGE AND/OR DIGITAL LITERACY SKILLS NEEDED TO SUCCEED AND ADVANCE IN THE WORKPLACE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Sarah C Howell Co-Exec Dire | Officer | 35 | $70,462 |
Shira Rosen Co-Exec Dir | Officer | 35 | $25,487 |
Srijan Chakraborty Vice Preside | OfficerTrustee | 2 | $0 |
Jennifer Collins-Friedrichs President | OfficerTrustee | 2 | $0 |
Jeffery Wells Secretary | OfficerTrustee | 2 | $0 |
Barbara Petty Treasurer | OfficerTrustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $750,946 |
| All other contributions, gifts, grants, and similar amounts not included above | $441,892 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,192,838 |
| Total Program Service Revenue | $15,578 |
| Investment income | $331 |
| 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 | $1,208,747 |
| 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. | $131,376 |
| Compensation of current officers, directors, key employees. | $13,265 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $620,087 |
| Pension plan accruals and contributions | $9,898 |
| Other employee benefits | $52,334 |
| Payroll taxes | $63,341 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $8,955 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $34,543 |
| Advertising and promotion | $0 |
| Office expenses | $8,092 |
| Information technology | $15,003 |
| Royalties | $0 |
| Occupancy | $80,307 |
| Travel | $221 |
| 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 | $26,898 |
| Insurance | $5,834 |
| All other expenses | $17,436 |
| Total functional expenses | $1,141,172 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $175,935 |
| Savings and temporary cash investments | $264,053 |
| Pledges and grants receivable | $17,500 |
| Accounts receivable, net | $82,345 |
| 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 | $32,978 |
| Net Land, buildings, and equipment | $9,062 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $581,873 |
| Accounts payable and accrued expenses | $37,616 |
| 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 | $1,200 |
| Total liabilities | $38,816 |
| Net assets without donor restrictions | $524,333 |
| Net assets with donor restrictions | $18,724 |
| 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 | $581,873 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Literacy Source has recieved totaling $5,000.
| Awarding Organization | Amount |
|---|---|
Kawabe Memorial Fund Aka Harry S Kawabe Trust Dallas, TX PURPOSE: SENIOR EDUCATION | $5,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Humanitae Advisors Seattle, WA | $9,991,179 | $3,132,979 |
Page Ahead Childrens Literacy Prgm Seattle, WA | $915,265 | $1,203,439 |
The Reading Foundation Kennewick, WA | $2,541,979 | $1,421,943 |
Literacy Source Seattle, WA | $581,873 | $1,208,747 |
Literacy Council Of Alaska Fairbanks, AK | $459,917 | $1,046,251 |
The Reading Foundation Kennewick, WA | $442,946 | $841,516 |
Ark Institute Of Learning Tacoma, WA | $1,235,357 | $818,511 |
Team Read Seattle, WA | $1,046,049 | $1,014,853 |
The Reading Foundation Lacey, WA | $324,644 | $370,404 |
Story Works Alaska Anchorage, AK | $75,887 | $0 |
Falis Community Service Kent, WA | $2,862 | $0 |
Street Books Portland, OR | $124,061 | $0 |