Civic Intelligence

Literacy Inc

EIN 13-3911331 • 501(c)3 • New York, NY

View Organization Page

Profile

Literacy inc. Equips children with foundational literacy skills essential for academic achievement by empowering families and mobilizing the community.

5030 Broadway 641New York, NY 10034

www.lincnyc.org

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

30th percentile

0.05x

Higher debt load relative to assets than 30% of similar nonprofits.

501(c)3 • $10M-$25M nonprofits • Source year 2024

Liabilities / Revenue

22nd percentile

0.06x

Higher debt load relative to revenue than 22% of similar nonprofits.

501(c)3 • $10M-$25M nonprofits • Source year 2024

Net Margin

82nd percentile

31%

Higher net margin than 82% of similar nonprofits.

501(c)3 • $10M-$25M nonprofits • Source year 2024

Top Officer Pay

Score unavailable

No value available

No filing with officer rows is available for this organization yet.

Asset Growth

90th percentile

40%

Faster asset growth than 90% of similar nonprofits.

501(c)3 • $10M-$25M nonprofits • Annualized from 2023 to 2024

Revenue Growth

89th percentile

63%

Faster revenue growth than 89% of similar nonprofits.

501(c)3 • $10M-$25M nonprofits • Annualized from 2023 to 2024

Balance Sheet
Liabilities / Assets30th percentile

Assets

Down

$8,174,447

Down $958,623 (-10%) from 2024

Liabilities

Down

$359,495

Down $120,875 (-25%) from 2024

Net Assets

Down

$7,814,952

Down $837,748 (-9.7%) from 2024

Operations
Liabilities / Revenue22nd percentileNet Margin82nd percentile

Revenue

Down

$5,258,205

Down $3,057,341 (-37%) from 2024

Expenses

Up

$6,015,831

Up $315,474 (+5.5%) from 2024

Net Income

Down

-$757,626

Down $3,372,815 (-129%) from 2024

Trend Graphs

Balance Sheet Trend

Asset Growth90th percentile

Grouped bars show assets, liabilities, and net assets across loaded filings.

$10M$5.0M$0Assets 2011: $518,202Liabilities 2011: $37,440Net Assets 2011: $480,7622011Assets 2012: $1,068,164Liabilities 2012: $29,716Net Assets 2012: $1,038,4482012Assets 2013: $2,049,677Liabilities 2013: $54,757Net Assets 2013: $1,994,9202013Assets 2014: $2,299,943Liabilities 2014: $80,441Net Assets 2014: $2,219,5022014Assets 2015: $2,029,564Liabilities 2015: $77,726Net Assets 2015: $1,951,8382015Assets 2016: $2,127,168Liabilities 2016: $114,496Net Assets 2016: $2,012,6722016Assets 2017: $2,096,242Liabilities 2017: $261,717Net Assets 2017: $1,834,5252017Assets 2018: $2,619,387Liabilities 2018: $205,988Net Assets 2018: $2,413,3992018Assets 2019: $3,158,488Liabilities 2019: $241,407Net Assets 2019: $2,917,0812019Assets 2020: $4,273,397Liabilities 2020: $812,407Net Assets 2020: $3,460,9902020Assets 2021: $4,595,330Liabilities 2021: $784,841Net Assets 2021: $3,810,4892021Assets 2022: $8,106,270Liabilities 2022: $2,088,700Net Assets 2022: $6,017,5702022Assets 2023: $6,536,572Liabilities 2023: $556,645Net Assets 2023: $5,979,9272023Assets 2024: $9,133,070Liabilities 2024: $480,370Net Assets 2024: $8,652,7002024Assets 2025: $8,174,447Liabilities 2025: $359,495Net Assets 2025: $7,814,9522025

Highlighted filing

2025

Assets$8,174,447
Liabilities$359,495
Net Assets$7,814,952
Open 2025 Filing

Operations Trend

Revenue Growth89th percentile

Revenue, expenses, and net income by year, with the latest filing highlighted.

$10M$5.0M$0-$5.0MRevenue 2011: $797,778Expenses 2011: $776,643Net Income 2011: $21,1352011Revenue 2012: $1,268,550Expenses 2012: $710,864Net Income 2012: $557,6862012Revenue 2013: $1,774,836Expenses 2013: $818,364Net Income 2013: $956,4722013Revenue 2014: $1,564,371Expenses 2014: $1,339,789Net Income 2014: $224,5822014Revenue 2015: $1,574,103Expenses 2015: $1,841,767Net Income 2015: -$267,6642015Revenue 2016: $2,414,720Expenses 2016: $2,353,886Net Income 2016: $60,8342016Revenue 2017: $2,426,546Expenses 2017: $2,604,693Net Income 2017: -$178,1472017Revenue 2018: $3,684,440Expenses 2018: $3,105,566Net Income 2018: $578,8742018Revenue 2019: $3,956,750Expenses 2019: $3,453,068Net Income 2019: $503,6822019Revenue 2020: $4,141,149Expenses 2020: $3,597,713Net Income 2020: $543,4362020Revenue 2021: $3,899,705Expenses 2021: $3,549,655Net Income 2021: $350,0502021Revenue 2022: $6,716,163Expenses 2022: $4,480,628Net Income 2022: $2,235,5352022Revenue 2023: $5,091,797Expenses 2023: $5,155,894Net Income 2023: -$64,0972023Revenue 2024: $8,315,546Expenses 2024: $5,700,357Net Income 2024: $2,615,1892024Revenue 2025: $5,258,205Expenses 2025: $6,015,831Net Income 2025: -$757,6262025

Highlighted filing

2025

Revenue$5,258,205
Expenses$6,015,831
Net Income-$757,626
Open 2025 Filing

Filings

Most recent year

2025 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$8,174,447
Liabilities
$359,495
Net assets
$7,814,952
Revenue
$5,258,205
Expenses
$6,015,831
Net income
-$757,626
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$8.17$0.36$7.81$5.26$6.02$0.76
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$9.13$0.48$8.65$8.32$5.70$2.62
2023Facts available. Structured filing facts are available, but richer extracted sections are limited.$6.54$0.56$5.98$5.09$5.16$0.06
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$8.11$2.09$6.02$6.72$4.48$2.24
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$4.60$0.78$3.81$3.90$3.55$0.35
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$4.27$0.81$3.46$4.14$3.60$0.54
2019Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.16$0.24$2.92$3.96$3.45$0.50
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.62$0.21$2.41$3.68$3.11$0.58
2017Summary only. Only limited summary data is available for this year.$2.10$0.26$1.83$2.43$2.60$0.18
2016Summary only. Only limited summary data is available for this year.$2.13$0.11$2.01$2.41$2.35$0.06
2015Summary only. Only limited summary data is available for this year.$2.03$0.08$1.95$1.57$1.84$0.27
2014Summary only. Only limited summary data is available for this year.$2.30$0.08$2.22$1.56$1.34$0.22
2013Summary only. Only limited summary data is available for this year.$2.05$0.05$1.99$1.77$0.82$0.96
2012Summary only. Only limited summary data is available for this year.$1.07$0.03$1.04$1.27$0.71$0.56
2011Summary only. Only limited summary data is available for this year.$0.52$0.04$0.48$0.80$0.78$0.02
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jul 1, 2024 to Jun 30, 2025
Signed
Jan 13, 2026
Return Version
2024v5.5
Gross Receipts
$14,951,753
Mission and Program Overview

Mission

Linc's mission is to equip children with foundational literacy skills essential for kindergarten readiness and academic achievement by empowering families and mobilizing the community.

Linc equips children with foundational literacy skills by empowering families and communities.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments Other Securities$5,686,992$4,689,002▼ $997,990
Pledges and Grants Receivable$2,262,716$2,703,805▲ $441,089
Cash and Non-Interest-Bearing Accounts$565,048$612,515▲ $47,467
Prepaid Expenses and Deferred Charges$49,035$61,945▲ $12,910
Accounts Receivable$38,249$52,947▲ $14,698
Savings and Temporary Cash Investments$420,372$14,130▼ $406,242
Land, Buildings, and Equipment, Net$0$0→ $0
Total Assets$9,133,070$8,174,447▼ $958,623
Other Assets Total$110,658$40,103▼ $70,555
Liabilities
Accounts Payable and Accrued Expenses$171,919$329,580▲ $157,661
Other Liabilities$308,451$29,915▼ $278,536
Total Liabilities$480,370$359,495▼ $120,875
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$3,960,171$4,075,059▲ $114,888
Net Assets With Donor Restrictions$4,692,529$3,739,893▼ $952,636
Total Net Assets Fund Balance$8,652,700$7,814,952▼ $837,748
Total Liabilities and Net Assets / Fund Balance$9,133,070$8,174,447▼ $958,623

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$0$24,381$24,381
Other Securities$4,689,002--

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2024$5,692,529$2,045,500-$2,998,136$4,739,893
2023$3,556,746$3,940,763-$1,804,980$5,692,529
2022$2,793,873$1,925,000-$2,162,127$3,556,746
2021$1,452,711$2,946,000-$1,604,838$2,793,873
2020$1,567,296$1,091,000-$1,205,585$1,452,711
Compensation and Service Providers
Top Officer PayScore unavailable

Employees

NameTitleFull / Part TimeBaseOtherTotal
Carla GodoyDeputy DirectorFT$168,094$3,247$171,341
Laura WalshChief Program OfficerFT$141,681$15,362$157,043
Jessica GoldfarbChief Operating OfficerFT$132,459$15,408$147,867
Emmanuel NovyChief of Strategic InitiativesFT$140,255$2,702$142,957
Shari LevineChief Executive OfficerFT$121,869$16,488$138,357
Elizabeth ManningDirector of Evaluation and LearningFT$116,513$12,303$128,816

Board Members and Trustees

NameTitle
Mary Fratto RoweChair
John GaliskiChair, Audit Committee
Robert SpiererVice Chair
Stephanie YoungVice Chair
Andrea NewbornDirector
Andrew SpringDirector
Ann ShortDirector
Carl FoltaDirector
Carlos RodriguezDirector
Dan LeeDirector
Emily GiacomanDirector
James E LieberDirector
John PantalenaDirector
John UrbanDirector
Jordan Halpern-leistnerDirector
Pat MitchellDirector
Ron RentelDirector
Tova KatzirDirector
Tracy DockrayDirector
William EstiloAssistant Treasurer
Victor Pichardo JrSecretary
Kosha UdaniTreasurer

Highest Paid Contractors

ContractorServicesLocationCompensation
Shared Value MediaMarketing & Media Support3951 HIGUERA STREET, Culver City, CA 90232$213,500
Apter & O'connorProgram Evaluation Consulting8473 E SENECA TURNPIKE, Manluis, NY 13104$182,500
Revenue and Support

Revenue Composition

Contributions and Grants
$4,896,523
Program Service Revenue
$0
Investment Income
$312,921
Other Revenue
$48,761
All Other Contributions
$2,951,833
Change in Net Assets
$-757,626

Noncash Contribution Practices

Property subject to holding requirements
No
Reviewed unusual noncash gifts
No
Third parties used for noncash contributions
No

Noncash Contributions

Contribution TypeContribution CountReported AmountValuation Method
Other Non Cash Contri Table7$55,612Fair Market Value (FMV)
Securities Publicly Traded3$25,186Fair Market Value (FMV)
Total Noncash Contributions10$80,798-

Audited Revenue Reconciliation

Revenue per Audited Statements
$5,258,205
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$-70,582
Total Revenue per Audited Statements
$5,187,623
Total Revenue per Form 990
$5,258,205
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$4,858,349
Other Expenses$1,157,482
Total Fundraising Expense$709,442
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$3,140,752$229,825$459,653$3,830,230
Fees for Services Other$439,342$43,983$28,582$511,907
Other Employee Benefits$355,586$26,004$52,007$433,597
Payroll Taxes$283,588$20,750$41,501$345,839
Current Officers, Directors, Trustees, and Key Employees$146,370$10,710$21,420$178,500
Fees for Services Accounting$64,385$26,850$75$91,310
Office Expenses$77,006$4,595$9,100$90,701
Occupancy$65,896$3,932$7,789$77,617
Pension Plan Contributions$57,550$4,211$8,422$70,183
Other Expenses$33,465$1,997$16,356$51,818
Insurance$16,854$1,005$1,992$19,851
Information Technology$8,166$488$965$9,619
Total Functional Expenses$4,931,550$374,839$709,442$6,015,831

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$6,025,371
Expenses per Audited Statements$6,015,831
Total Expenses per Form 990$6,015,831
Expenses Not Reported on Form 990$9,540
Expenses Not Reported on Financial Statements$0
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$198,786
Fundraising Gross Income$198,786
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Gala$663,958$198,786$198,786$0
Total Events$663,958$198,786$198,786$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Operating Lease Payable$29,915
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section B, Line 11B

“A draft of the form 990 is e-mailed to board members for comment before filing.”

Form 990, Part VI, Section B, Line 12C

“To regularly monitor and enforce compliance with the linc's conflict of interest policy, annual conflict of interest statements are signed.”

Form 990, Part VI, Section B, Line 15

“The board of directors conducts a yearly performance review of the executive director and sets the salary for the new year. This is done in september.”

Form 990, Part VI, Section C, Line 19

“Linc makes its governing documents, conflict of interest policy available upon request. Finance has a google drive location for all policies , handbooks and process memos. The financial statements are available on the linc website.”

Filing and Contact Details

Filer

Filer Name
Literacy Inc
EIN
13-3911331
Phone
2126205462
Address
5030 BROADWAY 641, NEW YORK, NY 10034
Doing Business As
Linc

Signing Officer

Name
Kosha Udani
Title
Treasurer
Phone
2126205462
Signed
2026-01-13
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Kosha Udani
Formed
1996
Legal Domicile
Ny
Voting Board Members
22
Independent Board Members
22
Employees
56
Volunteers
22

Preparer

Firm
CONDON O'MEARA MCGINTY & DONNELLY LLP
Address
ONE BATTERY PARK PLAZA 7TH FL, NEW YORK, NY 10004
Preparer
Alexander Lazzaruolo
Phone
2126617777
Supplemental Narrative

Financial Statement Notes

PART V, LINE 4:

“Temporarily restricted net assets consist of contributions that are restricted by the donor for a specific project or purpose or relate to future periods. During march 2023, the board of directors approved the establishment of a board designated fund which was funded by a $1,000,000 transfer from undesignated without donor restricted funds. The purpose of this fund is to enable linc to undertake projects not otherwise supported by linc's regular fundraising and other revenue-generating activities, support established program priorities, support capital expenditures, help offset operating deficits or unbudgeted expenditures, and support other programs, activities and operations.”

Raw XML AppendixShowing 400 of 702 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

Path#Value
IRS990/AccountantCompileOrReviewInd00
IRS990/AccountsPayableAccrExpnssGrp/BOYAmt0171919
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IRS990/ContractorCompensationGrp/ServicesDesc1PROGRAM EVALUATION CONSULTING
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IRS990/Desc0LINC BUILDS AN ECOSYSTEM OF LITERACY SURROUNDING CHILDREN STARTING ON DAY ONE, WHEN IT MATTERS MOST. WE STRENGTHEN THE CAPACITY OF PARENTS, CAREGIVERS, EDUCATORS, AND COMMUNITY PARTNERS, AND SUPPORT EARLY LANGUAGE AND LITERACY DEVELOPMENT. AS A RESULT, EVERY CHILD CAN BECOME A CONFIDENT READER, EVERY PARENT IS EMPOWERED TO BE THEIR CHILD'S FIRST AND MOST IMPORTANT TEACHER, AND EVERY COMMUNITY PARTNER IS EQUIPPED TO ENGAGE FAMILIES IN LITERACY-RICH LEARNING. IN FY25, THE CITYWIDE COALITIONS WE LEAD-CITY'S FIRST READERS AND UPPER MANHATTAN EARLY CHILDHOOD CONNECT-REACHED MORE THAN 1 MILLION FAMILIES IN NYC. OUR DIRECT-SERVICE PROGRAMS WORKED INTENSIVELY WITH 3,211 CAREGIVERS, REACHING MORE THAN 5,000 CHILDREN, AND DISTRIBUTED 6,323 BOOKS TO FAMILIES.
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IRS990/Form990PartVIISectionAGrp/PersonNm2STEPHANIE YOUNG
IRS990/Form990PartVIISectionAGrp/PersonNm3VICTOR PICHARDO JR
IRS990/Form990PartVIISectionAGrp/PersonNm4KOSHA UDANI
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IRS990/Form990PartVIISectionAGrp/TitleTxt6CHAIR, AUDIT COMMITTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt7DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt8DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt9DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt10DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt11DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt12DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt13DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt14DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt15DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt16DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt17DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt18DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt19DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt20DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt21DIRECTOR
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IRS990/Form990PartVIISectionAGrp/TitleTxt23CHIEF PROGRAM OFFICER
IRS990/Form990PartVIISectionAGrp/TitleTxt24CHIEF OF STRATEGIC INITIATIVES
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IRS990/Form990PartVIISectionAGrp/TitleTxt26DEPUTY DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt27DIRECTOR OF EVALUATION AND LEARNING
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