Literacy Connects

“The organization provided a draft of its form 990 to its finance committee for review and distributed the completed form to all members of the board of directors prior to filing.”

“The conflict of interest policy is discussed and signed by the board each year.”

“On an annual basis the board reviews salary comparability data when setting compensation for the organization's executive director. The decision process is documented in the board minutes.”

“On an annual basis the board reviews salary comparability data when setting compensation for the organization's staff. The decision process is documented in the board minutes.”

“The annual return is available on guidestar.org and applicable information is available upon request.”

“The statement of functional expenses is prepared on the gaap basis and therefore fails to account for the value of volunteer labor. Program expenses are kept very low due to the organization's use of volunteers to deliver most of the program's teaching. Volunteers gave over 63,466 teaching and preparation hours during the year. The independent sector has set 24.69 per hour as the value for volunteer hours in arizona. This means the work done by volunteers was worth approximately 1,566,976. With this amount added to the organization's expenses, the percentage of the entire budget spent on programs is 89%, with only 3% and 8% spent on administrative and fundraising functions respectively.”

“Reach out and read southern arizona (rorsa) prepares children to succeed in school by partnering with doctors in 60 clinics, reaching 44,447 children from 6 months to 5 years prescribing 66,670 free books and encouraging families to read together. Fee for service & restricted grants (does not include unrestricted grants) revenue expenses adult programs 222,194 358,632 reading seed 173,600 295,968 stories that soar 41,775 208,860 a capital campaign has been effective in raising 646,000 toward refurbishing our sanctuary into a youth center as a home for our stories that soar program and afternoon and evening youth programs.”

“An adjustment has been made to reclassify 42,570 from unrestricted net assets to permanently restricted net assets as of june 30, 2017. The change relates to stock donations that were inadvertently included in unrestricted net assets when the donor's intent was for the donation to be used to establish an endowment fund.”

“Donated services- construction in progress 99,000”