Literacy Council Of Alaska
- Assets
- $459.9k
- Revenue
- $1.0m
- Investments
- $85.8k
- Employees
- 48
- Location
- Fairbanks, AK
- Founding
- 04/1975
- Data as of
- 06/2021
- EIN
- 92-6010100
Organization Overview
Literacy Council Of Alaska is located in Fairbanks, AK. The organization was established in 1975. 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 Council Of Alaska employed 48 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Literacy Council Of Alaska 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 Council Of Alaska generated $1.0m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 10.1% each year . All expenses for the organization totaled $1.0m during the year ending 06/2021. While expenses have increased by 9.5% 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
OUR MISSION IS TO PROMOTE LITERACY FOR PEOPLE OF ALL AGES IN FAIRBANKS AND THE INTERIOR OF ALASKA. SIGNIFICANT ACTIVITIES INCLUDE ADULT AND SCHOOL-AGE LITERACY AS WELL AS BOOK RECYCLING.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ADULT EDUCATION PROGRAM: PROVIDE CLASSROOM INSTRUCTION AND TUTORING FOR ADULTS IN ELL AND GED PREPARATION. PROVIDE EDUCATION CREDENTIALING AND PRE-EMPLOYMENT FOR INDIVIDUALS 16 - 24. ELL STUDENTS - 99 ABE GED STUDENTS - 156 WIOA-Y PARTICIPANTS - 101. GED GRADUATES - 76; VOLUNTEER TUTORS - 8; VOLUNTEER INSTRUCTORS - 28.
SCHOOL-AGE LITERACY PROGRAM: PROVIDE TUTORING AND INSTRUCTION FOR SCHOOL-AGE THAT BUILDS STRONG EDUCATIONAL FOUNDATIONS AND FOSTERS A LIFELONG LOVE OF LEARNING. BIRCH PARK AFTER SCHOOL PROGRAM - 59 PARTICIPANTS
BOOK RECYCLING PROGRAM: FREE BOOKS PROVIDED - 14,221; VOLUNTEERS - 21; WORKPLACE LITERACY STUDENTS - 14
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Bradley Mcginnity V Pres - Treasurer | OfficerTrustee | 1 | $0 |
Lisa Baker President | OfficerTrustee | 1 | $0 |
Jennifer Tilbury Secretary | OfficerTrustee | 1 | $0 |
Edward Paxson Member | Trustee | 1 | $0 |
Elena Savastianova Member | Trustee | 1 | $0 |
Karalee Watts Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $848,248 |
| Investment income | $18,869 |
| 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 | $1,046,251 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic individuals. | $73,679 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $613,190 |
| Pension plan accruals and contributions | $11,467 |
| Other employee benefits | $0 |
| Payroll taxes | $62,613 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $12,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $8,438 |
| Office expenses | $21,830 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $54,340 |
| Travel | $1,422 |
| 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 | $18,477 |
| Insurance | $10,456 |
| All other expenses | $0 |
| Total functional expenses | $1,032,229 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $96,722 |
| Savings and temporary cash investments | $34,291 |
| Pledges and grants receivable | $92,250 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $54,500 |
| Prepaid expenses and deferred charges | $15,674 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $85,829 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $459,917 |
| Accounts payable and accrued expenses | $22,719 |
| 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 | $22,719 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Total liabilities and net assets/fund balances | $437,198 |
Grants Recieved
Over the last fiscal year, we have identified 4 grants that Literacy Council Of Alaska has recieved totaling $15,679.
| Awarding Organization | Amount |
|---|---|
Schwab Charitable Fund San Francisco, CA PURPOSE: EDUCATION | $10,500 |
Bill Stroecker Foundation Fairbanks, AK PURPOSE: RECIPIENT AUTHORIZED EXEMPT PURPOSES | $4,100 |
Usibelli Foundation Fairbanks, AK PURPOSE: FOR EDUCATIONAL SERVICES | $800 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $279 |
Endowment Analysis
| Beg. Balance | $61,475 |
| Earnings | $18,787 |
| Net Contributions | $5,567 |
| Ending Balance | $85,829 |
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 |
North Star Imagination Library Fairbanks, AK | $31,771 | $0 |