Civic Intelligence

The Literacy Lab

990 • Fiscal year 2015 • EIN 27-1777117

Jan 01, 2015 to Dec 31, 2015 • Filed on Jan 23, 1945

1003 K Street NWWashington, DC 20001

(202) 634-3041

Siviq Scores

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

Liabilities / Assets

51st percentile

0.11x

Higher debt load relative to assets than 51% of similar nonprofits.

2015 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2015

Liabilities / Revenue

39th percentile

0.06x

Higher debt load relative to revenue than 39% of similar nonprofits.

2015 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2015

Net Margin

79th percentile

20%

Higher net margin than 79% of similar nonprofits.

2015 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2015

Top Officer Pay

73rd percentile

$109,367

Higher top officer pay than 73% of similar nonprofits.

Top officer pay equals 3.3% of source-year revenue.

2015 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2015

Asset Growth

93rd percentile

67%

Faster asset growth than 93% of similar nonprofits.

2015 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2014 to 2015

Revenue Growth

92nd percentile

80%

Faster revenue growth than 92% of similar nonprofits.

2015 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2014 to 2015

Assets

Up

$1,785,307

Up $717,676 (+67%) from 2014

Net Assets

Up

$1,585,505

Up $642,962 (+68%) from 2014

Liabilities

Up

$199,802

Up $74,714 (+60%) from 2014

Revenue

Up

$3,286,526

Up $1,457,390 (+80%) from 2014

Expenses

Up

$2,643,564

Up $1,067,313 (+68%) from 2014

Net Income

Up

$642,962

Up $390,077 (+154%) from 2014

Historical Trend

Balance Sheet Trend

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

$30M$20M$10M$0Assets 2011: $181,957Liabilities 2011: $22,500Net Assets 2011: $159,4572011Assets 2012: $501,020Liabilities 2012: $37,605Net Assets 2012: $463,4152012Assets 2013: $677,229Liabilities 2013: $87,571Net Assets 2013: $589,6582013Assets 2014: $1,067,631Liabilities 2014: $125,088Net Assets 2014: $942,5432014Assets 2015: $1,785,307Liabilities 2015: $199,802Net Assets 2015: $1,585,5052015Assets 2017: $3,211,234Liabilities 2017: $204,774Net Assets 2017: $3,006,4602017Assets 2018: $5,263,958Liabilities 2018: $701,879Net Assets 2018: $4,562,0792018Assets 2019: $5,421,088Liabilities 2019: $414,434Net Assets 2019: $5,006,6542019Assets 2020: $8,042,484Liabilities 2020: $658,539Net Assets 2020: $7,383,9452020Assets 2021: $9,187,835Liabilities 2021: $400,254Net Assets 2021: $8,787,5812021Assets 2022: $23,333,778Liabilities 2022: $592,692Net Assets 2022: $22,741,0862022Assets 2024: $14,572,963Liabilities 2024: $2,128,902Net Assets 2024: $12,444,0612024

Highlighted filing

2015

Assets$1,785,307
Liabilities$199,802
Net Assets$1,585,505

Operations Trend

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

$30M$20M$10M$0-$10MExpenses 2011: $440,3402011Expenses 2012: $506,7232012Revenue 2013: $1,105,729Expenses 2013: $979,486Net Income 2013: $126,2432013Revenue 2014: $1,829,136Expenses 2014: $1,576,251Net Income 2014: $252,8852014Revenue 2015: $3,286,526Expenses 2015: $2,643,564Net Income 2015: $642,9622015Revenue 2017: $8,432,619Expenses 2017: $7,091,877Net Income 2017: $1,340,7422017Revenue 2018: $10,108,100Expenses 2018: $8,552,481Net Income 2018: $1,555,6192018Revenue 2019: $11,440,043Expenses 2019: $10,995,468Net Income 2019: $444,5752019Revenue 2020: $14,774,311Expenses 2020: $12,397,020Net Income 2020: $2,377,2912020Revenue 2021: $13,815,869Expenses 2021: $12,412,233Net Income 2021: $1,403,6362021Revenue 2022: $29,239,466Expenses 2022: $15,285,961Net Income 2022: $13,953,5052022Revenue 2024: $14,529,354Expenses 2024: $21,662,165Net Income 2024: -$7,132,8112024

Highlighted filing

2015

Revenue$3,286,526
Expenses$2,643,564
Net Income$642,962
Jump To
Filing Snapshot
Filing Period
Jan 1, 2015 to Dec 31, 2015
Signed
Jan 23, 1945
Return Version
2015v2.1
Gross Receipts
$3,286,526
Mission and Program Overview

Mission

To provide low-income children with individualized reading instruction to improve their literacy skills, leading to greater success in schools and increased opportunitites in life.

The mission of the literacy lab is to provide high-quality, individualized reading instruction to low-income students in order to improve their literacy skills, leading to increased academic and life success.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$533,100$918,495▲ $385,395
Pledges and Grants Receivable$395,705$616,647▲ $220,942
Accounts Receivable$125,250$195,361▲ $70,111
Prepaid Expenses and Deferred Charges$10,333$26,878▲ $16,545
Land, Buildings, and Equipment, Net$1,393$19,290▲ $17,897
Total Assets$1,067,631$1,785,307▲ $717,676
Other Assets Total$1,850$8,636▲ $6,786
Liabilities
Accounts Payable and Accrued Expenses$125,088$199,802▲ $74,714
Total Liabilities$125,088$199,802▲ $74,714
Net Assets / Fund Balance
Unrestricted Net Assets$676,793$1,344,032▲ $667,239
Temporarily Rstr Net Assets$265,750$241,473▼ $24,277
Total Net Assets Fund Balance$942,543$1,585,505▲ $642,962
Total Liabilities and Net Assets / Fund Balance$1,067,631$1,785,307▲ $717,676

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$18,445-$18,445
Equipment$845$5,940$6,785
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Thomas J DillonCo-directorFT$104,167$5,200$109,367
Ashley JohnsonCo-directorFT$104,167$4,770$108,937

Board Members and Trustees

NameTitle
Edward MandelChair
Elisabeth LiptakDirector
Julie KlingensteinDirector
Patricia EvansDirector
Betsy DuffSecretary
Hugh Cole IiiTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$2,260,623
Program Service Revenue
$1,025,440
Investment Income
$463
Other Revenue
$0
All Other Contributions
$1,034,564
Change in Net Assets
$642,962

Audited Revenue Reconciliation

Revenue per Audited Statements
$3,286,526
Revenue Not Reported on Form 990
$18,069
Total Revenue per Audited Statements
$3,304,595
Total Revenue per Form 990
$3,286,526
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$1,996,570
Other Expenses$585,494
Total Fundraising Expense$111,598
Professional Fundraising Fees$61,500
Grants and Similar Amounts Paid$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$1,483,808$32,264$35,829$1,551,901
Current Officers, Directors, Trustees, and Key Employees$203,346$4,422$4,910$212,678
Payroll Taxes$132,510$2,881$3,200$138,591
Other Employee Benefits$89,302$1,942$2,156$93,400
Fees for Services Professional Fundraising--$61,500$61,500
Fees for Services Accounting-$26,152-$26,152
Travel$20,430$4,293$287$25,010
Occupancy$1,562$22,902-$24,464
Office Expenses$1,324$21,148-$22,472
Conferences and Meetings$5,796$4,618$182$10,596
Advertising$5,805$4,213$480$10,498
Fees for Services Other-$9,679-$9,679
Other Expenses$1,717$3,570$49$5,287
Insurance-$3,087-$3,087
Depreciation Depletion-$1,597-$1,597
All Other Expenses$111,858$-114,863$3,005-
Total Functional Expenses$2,500,152$31,814$111,598$2,643,564

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$2,661,633
Expenses per Audited Statements$2,643,564
Total Expenses per Form 990$2,643,564
Expenses Not Reported on Form 990$18,069
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
Yes

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$61,500
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
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 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, Page 6, Part VI, Line 11B

Form 990 is reviewed by all board members in detail prior to filing. The board members referenced a best-practices guide for 990 review prepared by an accounting firm. Questions are addressed to the preparer in a timely fashion. A final draft version is then provided to and approved by the board before filing.

Form 990, Page 6, Part VI, Line 12C

When joining the board, each new member signs a board member agreement which includes certifying that they have received and reviewed all organizational policies, including the conflict of interest policy. Each transaction that involves a member of the board is reviewed in accordance with the conflict of interest policy.

Form 990, Page 6, Part VI, Line 15A

The organization reviews compensation for the co-directors annually. The compensation committee, which is comprised of board members other than officers of the organization, evaluates each officer based on performance and whether the previous year's goals were met. The salary range for each officer was determined using comparable information from guidestar and the charity navigator ceo compensation study.

Form 990, Page 6, Part VI, Line 15B

The organization reviews compensation for the co-directors annually. The compensation committee, which is comprised of board members other than officers of the organization, evaluates each officer based on performance and whether the previous year's goals were met. The salary range for each officer was determined using comparable information from guidestar and the charity navigator ceo compensation study.

Form 990, Page 6, Part VI, Line 19

The literacy lab makes its governing documents, conflict of interest policy and financial statements available for public inspection upon request. In addition, the literacy lab will maintain its form 990 in guidestar's database of information on non-profit organizations.

Filing and Contact Details

Filer

Filer Name
The Literacy Lab
EIN
27-1777117
Phone
2026343041
Address
1003 K STREET NW, WASHINGTON, DC 20001

Signing Officer

Name
Ashley Johnson
Title
Co-director
Phone
2024943050
Signed
1945-01-23
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Ashley Johnson
Formed
2010
Legal Domicile
Va
Voting Board Members
7
Independent Board Members
6
Employees
183
Volunteers
36

Preparer

Firm
Kendall Prebola and Jones LLC
Address
PO BOX 259, BEDFORD, PA 15522-0259
Preparer
Allen W Hess CPA
Phone
8146231880
Supplemental Narrative

Financial Statement Notes

Schedule D, Page 3, Part X

The organization is exempt from federal income taxes under provisions of section 501(c)(3) of the internal revenue code (irc). There was no unrelated business income for the year ended december 31, 2015. The organization performed an evaluation of uncertain tax positions for the year ended december 31, 2015, and determined that there were no matters that would require recognition in the financial statements or that may have any effect on its tax-exempt status. As of december 31, 2015, the statute of limitations for tax years 2012 through 2014 remains open with the u.s. Federal jurisdiction or the various states and local jurisdictions in which the organization files tax returns.

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IRS990/OtherExpensesGrp/TotalAmt1150943
IRS990/OtherExpensesGrp/TotalAmt26385
IRS990/OtherExpensesGrp/TotalAmt35287
IRS990/OtherSalariesAndWagesGrp/FundraisingAmt035829
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt032264
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt01483808
IRS990/OtherSalariesAndWagesGrp/TotalAmt01551901
IRS990/PartialLiquidationInd0false
IRS990/PayPremiumsPrsnlBnftCntrctInd0false
IRS990/PayrollTaxesGrp/FundraisingAmt03200
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt02881
IRS990/PayrollTaxesGrp/ProgramServicesAmt0132510
IRS990/PayrollTaxesGrp/TotalAmt0138591
IRS990/PledgesAndGrantsReceivableGrp/BOYAmt0395705
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt0616647
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt010333
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt026878
IRS990/PrincipalOfficerNm0ASHLEY JOHNSON
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IRS990/ProgramServiceRevenueGrp/BusinessCd0611710
IRS990/ProgramServiceRevenueGrp/Desc0LITERACY TUTORING
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt01025440
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt01025440
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt01516141
IRS990/PYExcessBenefitTransInd0false
IRS990/PYInvestmentIncomeAmt0872
IRS990/PYOtherExpensesAmt0354076
IRS990/PYProgramServiceRevenueAmt0312123
IRS990/PYRevenuesLessExpensesAmt0252885
IRS990/PYSalariesCompEmpBnftPaidAmt01215175
IRS990/PYTotalExpensesAmt01576251
IRS990/PYTotalProfFndrsngExpnsAmt07000
IRS990/PYTotalRevenueAmt01829136
IRS990/QuidProQuoContributionsInd0false
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReconcilationRevenueExpnssAmt0642962
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
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IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0false
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RevenueAmt01025440
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt02260623
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IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt0913393
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt0231791
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt095715
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt05017663
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt0463
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt0872
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt0507
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt0255
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IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.87340
IRS990ScheduleA/PublicSupportPY170Pct00.78180
IRS990ScheduleA/PublicSupportTotal170Amt04384092
IRS990ScheduleA/SubstantialContributorsTotAmt0633571
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt02260623
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IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt0913393
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt0231791
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt095715
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt05017663
IRS990ScheduleA/TotalSupportAmt05019760
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd0true
IRS990ScheduleD/DonatedServicesAndUseFcltsAmt018069
IRS990ScheduleD/DonatedServicesUseFcltsAmt018069
IRS990ScheduleD/EquipmentGrp/BookValueAmt0845
IRS990ScheduleD/EquipmentGrp/DepreciationAmt05940
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt06785
IRS990ScheduleD/ExpensesNotReportedAmt018069
IRS990ScheduleD/ExpensesSubtotalAmt02643564
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt018445
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt018445
IRS990ScheduleD/RevenueNotReportedAmt018069
IRS990ScheduleD/RevenueSubtotalAmt03286526
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE ORGANIZATION IS EXEMPT FROM FEDERAL INCOME TAXES UNDER PROVISIONS OF SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE (IRC). THERE WAS NO UNRELATED BUSINESS INCOME FOR THE YEAR ENDED DECEMBER 31, 2015. THE ORGANIZATION PERFORMED AN EVALUATION OF UNCERTAIN TAX POSITIONS FOR THE YEAR ENDED DECEMBER 31, 2015, AND DETERMINED THAT THERE WERE NO MATTERS THAT WOULD REQUIRE RECOGNITION IN THE FINANCIAL STATEMENTS OR THAT MAY HAVE ANY EFFECT ON ITS TAX-EXEMPT STATUS. AS OF DECEMBER 31, 2015, THE STATUTE OF LIMITATIONS FOR TAX YEARS 2012 THROUGH 2014 REMAINS OPEN WITH THE U.S. FEDERAL JURISDICTION OR THE VARIOUS STATES AND LOCAL JURISDICTIONS IN WHICH THE ORGANIZATION FILES TAX RETURNS.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE D, PAGE 3, PART X
IRS990ScheduleD/TotalBookValueLandBuildingsAmt019290
IRS990ScheduleD/TotalExpensesPerForm990Amt02643564
IRS990ScheduleD/TotalRevenuePerForm990Amt03286526
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt03304595
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt02661633
IRS990ScheduleG/AgrmtProfFundraisingActyInd0true
IRS990ScheduleG/FundraiserActivityInfoGrp/ActivityTxt0GRANTS
IRS990ScheduleG/FundraiserActivityInfoGrp/ActivityTxt1GRANTS
IRS990ScheduleG/FundraiserActivityInfoGrp/FundraiserControlOfFundsInd0true
IRS990ScheduleG/FundraiserActivityInfoGrp/FundraiserControlOfFundsInd1true
IRS990ScheduleG/FundraiserActivityInfoGrp/GrossReceiptsAmt0178200
IRS990ScheduleG/FundraiserActivityInfoGrp/NetToOrganizationAmt0136200
IRS990ScheduleG/FundraiserActivityInfoGrp/NetToOrganizationAmt1-19500
IRS990ScheduleG/FundraiserActivityInfoGrp/PersonNm0ELEVATE
IRS990ScheduleG/FundraiserActivityInfoGrp/PersonNm1MCQUIREWOODS CONSULTING
IRS990ScheduleG/FundraiserActivityInfoGrp/RetainedByContractorAmt042000
IRS990ScheduleG/FundraiserActivityInfoGrp/RetainedByContractorAmt119500
IRS990ScheduleG/FundraiserActivityInfoGrp/USAddress/AddressLine1Txt02424 18TH STREET NW 2ND FLOOR
IRS990ScheduleG/FundraiserActivityInfoGrp/USAddress/AddressLine1Txt1800 E CANAL ST
IRS990ScheduleG/FundraiserActivityInfoGrp/USAddress/CityNm0WASHINGTON
IRS990ScheduleG/FundraiserActivityInfoGrp/USAddress/CityNm1RICHMOND
IRS990ScheduleG/FundraiserActivityInfoGrp/USAddress/StateAbbreviationCd0DC
IRS990ScheduleG/FundraiserActivityInfoGrp/USAddress/StateAbbreviationCd1VA
IRS990ScheduleG/FundraiserActivityInfoGrp/USAddress/ZIPCd020009
IRS990ScheduleG/FundraiserActivityInfoGrp/USAddress/ZIPCd123219
IRS990ScheduleG/SolicitationOfGovtGrantsInd0X
IRS990ScheduleG/SolicitationOfNonGovtGrantsInd0X
IRS990ScheduleG/SupplementalInformationDetail/ExplanationTxt0ELEVATE NO MCQUIREWOODS CONSULTING NO
IRS990ScheduleG/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE G, PAGE 1, PART I, LINE 2B, COLUMN (III)
IRS990ScheduleG/TotalGrossReceiptsAmt0178200
IRS990ScheduleG/TotalNetToOrganizationAmt0116700
IRS990ScheduleG/TotalRetainedByContractorsAmt061500
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0FORM 990 IS REVIEWED BY ALL BOARD MEMBERS IN DETAIL PRIOR TO FILING. THE BOARD MEMBERS REFERENCED A BEST-PRACTICES GUIDE FOR 990 REVIEW PREPARED BY AN ACCOUNTING FIRM. QUESTIONS ARE ADDRESSED TO THE PREPARER IN A TIMELY FASHION. A FINAL DRAFT VERSION IS THEN PROVIDED TO AND APPROVED BY THE BOARD BEFORE FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1WHEN JOINING THE BOARD, EACH NEW MEMBER SIGNS A BOARD MEMBER AGREEMENT WHICH INCLUDES CERTIFYING THAT THEY HAVE RECEIVED AND REVIEWED ALL ORGANIZATIONAL POLICIES, INCLUDING THE CONFLICT OF INTEREST POLICY. EACH TRANSACTION THAT INVOLVES A MEMBER OF THE BOARD IS REVIEWED IN ACCORDANCE WITH THE CONFLICT OF INTEREST POLICY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE ORGANIZATION REVIEWS COMPENSATION FOR THE CO-DIRECTORS ANNUALLY. THE COMPENSATION COMMITTEE, WHICH IS COMPRISED OF BOARD MEMBERS OTHER THAN OFFICERS OF THE ORGANIZATION, EVALUATES EACH OFFICER BASED ON PERFORMANCE AND WHETHER THE PREVIOUS YEAR'S GOALS WERE MET. THE SALARY RANGE FOR EACH OFFICER WAS DETERMINED USING COMPARABLE INFORMATION FROM GUIDESTAR AND THE CHARITY NAVIGATOR CEO COMPENSATION STUDY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE ORGANIZATION REVIEWS COMPENSATION FOR THE CO-DIRECTORS ANNUALLY. THE COMPENSATION COMMITTEE, WHICH IS COMPRISED OF BOARD MEMBERS OTHER THAN OFFICERS OF THE ORGANIZATION, EVALUATES EACH OFFICER BASED ON PERFORMANCE AND WHETHER THE PREVIOUS YEAR'S GOALS WERE MET. THE SALARY RANGE FOR EACH OFFICER WAS DETERMINED USING COMPARABLE INFORMATION FROM GUIDESTAR AND THE CHARITY NAVIGATOR CEO COMPENSATION STUDY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE LITERACY LAB MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS AVAILABLE FOR PUBLIC INSPECTION UPON REQUEST. IN ADDITION, THE LITERACY LAB WILL MAINTAIN ITS FORM 990 IN GUIDESTAR'S DATABASE OF INFORMATION ON NON-PROFIT ORGANIZATIONS.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 15A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 15B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PAGE 6, PART VI, LINE 19
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TemporarilyRstrNetAssetsGrp/BOYAmt0265750
IRS990/TemporarilyRstrNetAssetsGrp/EOYAmt0241473
IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt01067631
IRS990/TotalAssetsEOYAmt01785307
IRS990/TotalAssetsGrp/BOYAmt01067631
IRS990/TotalAssetsGrp/EOYAmt01785307
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt02260623
IRS990/TotalEmployeeCnt0183
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt0111598
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt031814
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt02500152
IRS990/TotalFunctionalExpensesGrp/TotalAmt02643564
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt0125088
IRS990/TotalLiabilitiesEOYAmt0199802
IRS990/TotalLiabilitiesGrp/BOYAmt0125088
IRS990/TotalLiabilitiesGrp/EOYAmt0199802
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0942543
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt01585505
IRS990/TotalOtherCompensationAmt09970
IRS990/TotalProgramServiceExpensesAmt02500152
IRS990/TotalProgramServiceRevenueAmt01025440
IRS990/TotalReportableCompFromOrgAmt0208334
IRS990/TotalRevenueGrp/ExclusionAmt0463
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt01025440
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt03286526
IRS990/TotalVolunteersCnt036

Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$14.6$2.13$12.4$14.5$21.7$7.13
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$23.3$0.59$22.7$29.2$15.3$14.0
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$9.19$0.40$8.79$13.8$12.4$1.40
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$8.04$0.66$7.38$14.8$12.4$2.38
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$5.42$0.41$5.01$11.4$11.0$0.44
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$5.26$0.70$4.56$10.1$8.55$1.56
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$3.21$0.20$3.01$8.43$7.09$1.34
2015Detailed filing. Detailed filing data is available for this year.$1.79$0.20$1.59$3.29$2.64$0.64
2014Detailed filing. Detailed filing data is available for this year.$1.07$0.13$0.94$1.83$1.58$0.25
2013Detailed filing. Detailed filing data is available for this year.$0.68$0.09$0.59$1.11$0.98$0.13
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.50$0.04$0.46$0.51
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.18$0.02$0.16$0.44