Civic Intelligence

Literacy Bridge

990 • Fiscal year 2015 • EIN 26-1335205

Jan 01, 2015 to Dec 31, 2015 • Filed on Nov 14, 2016

1904 3rd AveSeattle, WA 98101

(425) 780-5669

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

48th percentile

0.04x

Higher debt load relative to assets than 48% of similar nonprofits.

2015 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2015

Liabilities / Revenue

53rd percentile

0.05x

Higher debt load relative to revenue than 53% of similar nonprofits.

2015 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2015

Net Margin

10th percentile

-29%

Higher net margin than 10% of similar nonprofits.

2015 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2015

Top Officer Pay

83rd percentile

$81,573

Higher top officer pay than 83% of similar nonprofits.

Top officer pay equals 19.7% of source-year revenue.

2015 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2015

Asset Growth

10th percentile

-18%

Faster asset growth than 10% of similar nonprofits.

2015 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2014 to 2015

Revenue Growth

18th percentile

-17%

Faster revenue growth than 18% of similar nonprofits.

2015 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2014 to 2015

Assets

Down

$566,996

Down $121,207 (-18%) from 2014

Net Assets

Down

$546,160

Down $121,380 (-18%) from 2014

Liabilities

Up

$20,836

Up $173 (+0.8%) from 2014

Revenue

Down

$413,302

Down $85,511 (-17%) from 2014

Expenses

Up

$534,682

Up $200,442 (+60%) from 2014

Net Income

Down

-$121,380

Down $285,953 (-174%) from 2014

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$1.5M$1.0M$500K$0Assets 2010: $150,235Liabilities 2010: $34,658Net Assets 2010: $115,5772010Assets 2011: $89,770Liabilities 2011: $4,448Net Assets 2011: $85,3222011Assets 2012: $176,115Liabilities 2012: $6,831Net Assets 2012: $169,2842012Assets 2013: $520,157Liabilities 2013: $17,190Net Assets 2013: $502,9672013Assets 2014: $688,203Liabilities 2014: $20,663Net Assets 2014: $667,5402014Assets 2015: $566,996Liabilities 2015: $20,836Net Assets 2015: $546,1602015Assets 2016: $504,236Liabilities 2016: $24,548Net Assets 2016: $479,6882016Assets 2018: $463,226Liabilities 2018: $13,835Net Assets 2018: $449,3912018Assets 2019: $1,268,559Liabilities 2019: $23,136Net Assets 2019: $1,245,4232019Assets 2020: $862,164Liabilities 2020: $231,847Net Assets 2020: $630,3172020Assets 2021: $777,328Liabilities 2021: $306,647Net Assets 2021: $470,6812021Assets 2022: $583,566Liabilities 2022: $266,522Net Assets 2022: $317,0442022Assets 2023: $367,497Liabilities 2023: $231,362Net Assets 2023: $136,1352023Assets 2024: $0Liabilities 2024: $0Net Assets 2024: $02024

Highlighted filing

2015

Assets$566,996
Liabilities$20,836
Net Assets$546,160

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$2.0M$1.0M$0-$1.0MExpenses 2010: $87,6552010Expenses 2011: $153,8432011Expenses 2012: $151,1962012Revenue 2013: $572,737Expenses 2013: $239,054Net Income 2013: $333,6832013Revenue 2014: $498,813Expenses 2014: $334,240Net Income 2014: $164,5732014Revenue 2015: $413,302Expenses 2015: $534,682Net Income 2015: -$121,3802015Revenue 2016: $820,050Expenses 2016: $886,542Net Income 2016: -$66,4922016Revenue 2018: $984,761Expenses 2018: $1,080,918Net Income 2018: -$96,1572018Revenue 2019: $1,720,195Expenses 2019: $924,163Net Income 2019: $796,0322019Revenue 2020: $787,125Expenses 2020: $1,402,231Net Income 2020: -$615,1062020Revenue 2021: $1,115,432Expenses 2021: $1,275,068Net Income 2021: -$159,6362021Revenue 2022: $929,490Expenses 2022: $1,083,127Net Income 2022: -$153,6372022Revenue 2023: $942,647Expenses 2023: $1,123,242Net Income 2023: -$180,5952023Revenue 2024: $714,802Expenses 2024: $834,737Net Income 2024: -$119,9352024

Highlighted filing

2015

Revenue$413,302
Expenses$534,682
Net Income-$121,380
Jump To
Filing Snapshot
Filing Period
Jan 1, 2015 to Dec 31, 2015
Signed
Nov 14, 2016
Return Version
2015v2.0
Gross Receipts
$476,859
Mission and Program Overview

Mission

Our mission is to significantly improve the health, income, and quality of life for the world's most underserved communities by providing life changing knowledge through innovative technology.

See Schedule O.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$517,180$515,861▼ $1,319
Prepaid Expenses and Deferred Charges-$33,047-
Inventories for Sale or Use$38,046$11,649▼ $26,397
Accounts Receivable$120$4,641▲ $4,521
Savings and Temporary Cash Investments$131,268$517▼ $130,751
Pledges and Grants Receivable$308$0▼ $308
Other Notes and Loans Receivable, Net-$0-
Receivable From Disqualified Prsn-$0-
Receivables From Officers Etc-$0-
Investments Other Securities-$0-
Investments Program Related-$0-
Investments in Publicly Traded Securities-$0-
Land, Buildings, and Equipment, Net-$0-
Intangible Assets-$0-
Total Assets$688,203$566,996▼ $121,207
Other Assets Total$1,281$1,281→ $0
Liabilities
Accounts Payable and Accrued Expenses$20,663$20,836▲ $173
Total Liabilities$20,663$20,836▲ $173
Net Assets / Fund Balance
Unrestricted Net Assets$642,540$536,160▼ $106,380
Temporarily Rstr Net Assets$25,000$10,000▼ $15,000
Total Net Assets Fund Balance$667,540$546,160▼ $121,380
Total Liabilities and Net Assets / Fund Balance$688,203$566,996▼ $121,207

Asset Categories

AssetBook ValueDepreciationBasis
Equipment-$1,742$1,742
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Clifford Schmidt JrPresidentFT$73,817$7,756$81,573

Board Members and Trustees

NameTitle
Arthur CL TaoVice President
David VogelDirector
Joyce KimDirector
Michele HassonDirector
Rao RemalaDirector
Kevin ReedSecretary
David HijiridaTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$399,756
Program Service Revenue
$35,452
Investment Income
$474
Other Revenue
$-22,380
All Other Contributions
$340,321
Change in Net Assets
$-121,380
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$325,015
Salaries, Compensation, and Employee Benefits$209,667
Total Fundraising Expense$18,763
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Fees for Services Other$140,148--$140,148
Fees for Services Management$73,566$37,721-$111,287
Other Salaries and Wages$76,235$10,292$10,909$97,436
Current Officers, Directors, Trustees, and Key Employees$66,699$7,492$5,905$80,096
Occupancy$18,967$963-$19,930
Payroll Taxes$15,090$1,741$692$17,523
Travel$17,215$69-$17,284
Information Technology$13,000$139$1,257$14,396
Other Employee Benefits$13,633--$13,633
Office Expenses$11,715$846-$12,561
Fees for Services Accounting-$1,976-$1,976
Pension Plan Contributions$920$59-$979
Conferences and Meetings$956--$956
Other Expenses$949--$949
Advertising$583--$583
Total Functional Expenses$454,621$61,298$18,763$534,682
International Activity

International Summary

Employees
1
Spending
$111,059

International Compliance

Activity in boycott countries
No
Foreign corporation ownership
No
Foreign partnership interest
No
Interest in foreign trust
No
Passive foreign investment company interest
No
Transfers to foreign corporations
No

International Activities

RegionActivityServicesOfficesEmployeesSpending
Sub-Saharan AfricaProgram ServicesTalking Book Program01$111,059
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$37,160
Fundraising Gross Income$5,330
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Benefit Dinner$64,765$5,330$20,812$-15,482
Total Events$64,765$5,330$37,160$-31,830
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Receivables from Disqualified Persons-$0-
Receivables from Officers, Directors, Trustees, and Key Employees-$0-
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Backup withholding compliance
Yes
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
No
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, Line 11B: Form 990 Review Process

The 990 is emailed to all Board Members after review and approval by the Finance Committee, before it is filed with the IRS.

Form 990, Part VI, Line 12C: Explanation of Monitoring and Enforcement of Conflicts

The Bylaws require annual disclosure of conficts of interest, which are reviewed at the annual meeting.

Form 990, Part VI, Line 15A: Compensation Review & Approval Process - CEO, Top Management

Currently, the Compensation Committee has only determined the salary of the Executive Director. The Compensation Committee had a series of discussions in September of 2013 to set the Executive Director's current salary. As in 2010, the Committee chose to set the salary by benchmarking comparable Executive Director salaries of nonprofits. The Committee used the compensation information provided on the GuideStar website as in 2010. In 2013, however, the Committee shifted away from benchmarking nonprofits in the Remedial Reading and Encouragement and instead switched to an All Industries comparison. This was done because Literacy Bridge's focus has always been much broader than reading and encouragement and there are no easy ways to identify and compare nonprofits that leverage technology to solve multiple problems across education, health, and information sharing. Finally, using the chart for Washington State, the Committee recommended to the Board to set the Executive Director's salary based on projected 2013 revenue of $100,000 - $200,000 at the 60th percentile. There was no incresae in salary for the Executive Director in 2015.

Form 990, Part VI, Line 19: Other Organization Documents Publicly Available

Governing documents, conflict of interest policy, and financial statements are available upon request.

Filing and Contact Details

Filer

Filer Name
Literacy Bridge
EIN
26-1335205
Phone
4257805669
Address
1904 3rd Ave, Seattle, WA 98101

Signing Officer

Name
Clifford Schmidt Jr
Title
President
Signed
2016-11-14
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Clifford Schmidt Jr
Formed
2007
Legal Domicile
Wa
Voting Board Members
8
Independent Board Members
7
Employees
6
Volunteers
15

Preparer

Firm
Jones & Associates LLC CPAS
Address
1701 NE 104th Street, Seattle, WA 98125-7646
Preparer
Judy C Jones CPA
Phone
2065255170
Supplemental Narrative

Additional Explanations

Form 990, Part I, Line 1 - Organization'S Most Significant Activities

For the UNICEF program in Ghana, we released 11 packages of content on over 1,100 Talking Books reaching an estimated 40,000 people in 49 communities. Cumulatively as of December 2015, users have listened to 101,000 hours of agriculture messaging and 152,000 hours of health messaging. In 2015, we completed a qualitative and quantitative mid-line survey and results indicate that the Talking Book Program has made a significant, measurable contribution to positive change in malaria prevention, hand washing with soap, kindergarten enrollment, birth registration, and child marriage prevention.Our MEDA program in Ghana released 4 packages of content on over 500 Talking Books reaching 16,500 women with messages on agriculture, marketing, financial services, gender issues, value chain, and nutrition. We trained MEDA staff, local partners, and Lead Farmers on the functioning of the Talking Book and trained local partners on using the Audio Content Manager (ACM) so that uploading Talking Books may be delegated to local partners, increasing efficiency and lowering costs.Our CARE program in Ghana works with 62 Village Savings and Loans Association (VSLA) groups who use the Talking Book to learn about and build their capacity in agriculture, value chains, marketing, and gender. 4 packages of content were released on 64 Talking Books, reaching over 600 beneficiaries in 22 communities. Talking Book users reported an increase in their knowledge on prevention of post-harvest losses prevention and that the Talking Book, as a medium for addressing gender issues, helped change both men and womens beliefs about roles within the household and community.

Raw XML AppendixShowing 400 of 531 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.

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IRS990/Desc0Literacy Bridges Talking Book Program empowers impoverished rural families with locally relevant, on-demand agriculture and health information to improve their standard of living and quality of life. At the heart of our program is the Talking Book, an innovative, low cost audio computer designed for the learning needs of illiterate populations. The Talking Book is the worlds most affordable audio computer designed specifically for people who cannot read and who live without electricity. Local experts easily record their knowledge in an oral form so that it can act like an audio library for people who cannot read. Anyone can then access the information repeatedly, whenever they need to apply it; they can also record their own messages to expand on existing ideas, share new information, or relay feedback to an organization.
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IRS990/Form990PartVIISectionAGrp/TitleTxt7Director
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Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.00$0.00$0.00$0.71$0.83$0.12
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.37$0.23$0.14$0.94$1.12$0.18
2022Detailed filing. Detailed filing data is available for this year.$0.58$0.27$0.32$0.93$1.08$0.15
2021Detailed filing. Detailed filing data is available for this year.$0.78$0.31$0.47$1.12$1.28$0.16
2020Detailed filing. Detailed filing data is available for this year.$0.86$0.23$0.63$0.79$1.40$0.62
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.27$0.02$1.25$1.72$0.92$0.80
2018Detailed filing. Detailed filing data is available for this year.$0.46$0.01$0.45$0.98$1.08$0.10
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.50$0.02$0.48$0.82$0.89$0.07
2015Detailed filing. Detailed filing data is available for this year.$0.57$0.02$0.55$0.41$0.53$0.12
2014Detailed filing. Detailed filing data is available for this year.$0.69$0.02$0.67$0.50$0.33$0.16
2013Detailed filing. Detailed filing data is available for this year.$0.52$0.02$0.50$0.57$0.24$0.33
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.18$0.01$0.17$0.15
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.09$0.00$0.09$0.15
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.15$0.03$0.12$0.09