Civic Intelligence

The Literacy Lab

990 • Fiscal year 2018 • EIN 27-1777117

Aug 01, 2017 to Jul 31, 2018 • Filed on Mar 05, 2019

Organization ProfileTHELITERACYLAB.ORG
1003 K Street NW Suite 500Washington, DC 20001

(202) 643-4792

Siviq Scores

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

Liabilities / Assets

41st percentile

0.13x

Higher debt load relative to assets than 41% of similar nonprofits.

2018 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2018

Liabilities / Revenue

22nd percentile

0.07x

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

2018 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2018

Net Margin

74th percentile

15%

Higher net margin than 74% of similar nonprofits.

2018 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2018

Top Officer Pay

37th percentile

$140,237

Higher top officer pay than 37% of similar nonprofits.

Top officer pay equals 1.4% of source-year revenue.

2018 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2018

Asset Growth

95th percentile

64%

Faster asset growth than 95% of similar nonprofits.

2018 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2017 to 2018

Revenue Growth

77th percentile

20%

Faster revenue growth than 77% of similar nonprofits.

2018 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2017 to 2018

Balance Sheet
Liabilities / Assets41st percentile

Assets

Up

$5,263,958

Up $2,052,724 (+64%) from 2017

Net Assets

Up

$4,562,079

Up $1,555,619 (+52%) from 2017

Liabilities

Up

$701,879

Up $497,105 (+243%) from 2017

Revenue And Expenses
Liabilities / Revenue22nd percentileNet Margin74th percentile

Revenue

Up

$10,108,100

Up $1,675,481 (+20%) from 2017

Expenses

Up

$8,552,481

Up $1,460,604 (+21%) from 2017

Net Income

Up

$1,555,619

Up $214,877 (+16%) from 2017

Historical Trend

Balance Sheet Trend

Asset Growth95th percentile

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 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

2018

Assets$5,263,958
Liabilities$701,879
Net Assets$4,562,079
Open 2018 Filing

Operations Trend

Revenue Growth77th percentile

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 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

2018

Revenue$10,108,100
Expenses$8,552,481
Net Income$1,555,619
Open 2018 Filing
Jump To
Filing Snapshot
Filing Period
Aug 1, 2017 to Jul 31, 2018
Signed
Mar 5, 2019
Return Version
2017v2.3
Gross Receipts
$10,193,647
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.

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

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$2,180,767$2,830,233▲ $649,466
Pledges and Grants Receivable$787,279$1,954,750▲ $1,167,471
Accounts Receivable$171,032$322,316▲ $151,284
Prepaid Expenses and Deferred Charges$42,904$137,663▲ $94,759
Land, Buildings, and Equipment, Net$20,534$8,356▼ $12,178
Total Assets$3,211,234$5,263,958▲ $2,052,724
Other Assets Total$8,718$10,640▲ $1,922
Liabilities
Deferred Revenue-$467,497-
Accounts Payable and Accrued Expenses$204,774$234,095▲ $29,321
Other Liabilities-$287-
Total Liabilities$204,774$701,879▲ $497,105
Net Assets / Fund Balance
Unrestricted Net Assets$2,437,075$2,623,409▲ $186,334
Temporarily Rstr Net Assets$569,385$1,938,670▲ $1,369,285
Total Net Assets Fund Balance$3,006,460$4,562,079▲ $1,555,619
Total Liabilities and Net Assets / Fund Balance$3,211,234$5,263,958▲ $2,052,724

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$8,356$27,299$35,655
Equipment-$5,705$5,705
Compensation and Service Providers
Top Officer Pay37th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Thomas J DillonCo-CEOFT$134,167$6,070$140,237
Ashley JohnsonCo-CEOFT$134,167$5,619$139,786

Board Members and Trustees

NameTitle
Edward MandelChair
Bailey EdelsonDirector
Elisabeth LiptakDirector
Praveen JeyarajahDirector
Elizabeth DuffSecretary
Hugh Cole IiiTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$7,334,140
Program Service Revenue
$2,764,198
Investment Income
$9,762
Other Revenue
$0
All Other Contributions
$3,025,466
Change in Net Assets
$1,555,619

Audited Revenue Reconciliation

Revenue per Audited Statements
$10,108,100
Revenue Not Reported on Form 990
$579
Total Revenue per Audited Statements
$10,108,679
Total Revenue per Form 990
$10,108,100
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$6,568,366
Other Expenses$1,930,175
Total Fundraising Expense$242,424
Professional Fundraising Fees$53,940
Grants and Similar Amounts Paid$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$5,160,003$154,965$77,923$5,392,891
Other Employee Benefits$439,590$9,455$3,932$452,977
Payroll Taxes$399,359$33,438$16,796$449,593
Current Officers, Directors, Trustees, and Key Employees$197,733$30,174$44,998$272,905
Occupancy$186,551$17,494$7,709$211,754
Fees for Services Professional Fundraising--$53,940$53,940
Fees for Services Other$44,607$3,220$4,656$52,483
Office Expenses$37,292$3,257$1,495$42,044
Insurance$32,619$3,066$1,351$37,036
Other Expenses$32,118$2,762$1,291$36,171
Travel$26,488$1,472$4,868$32,828
All Other Expenses$25,451$1,201$859$27,511
Fees for Services Accounting$19,971$1,377$827$22,175
Fees for Services Lobbying--$21,060$21,060
Conferences and Meetings$18,933--$18,933
Depreciation Depletion$3,366$8,672$140$12,178
Fees for Services Legal$2,121$191$88$2,400
Advertising$1,015$2$491$1,508
Total Functional Expenses$8,039,311$270,746$242,424$8,552,481

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$8,553,060
Expenses per Audited Statements$8,552,481
Total Expenses per Form 990$8,552,481
Expenses Not Reported on Form 990$579
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
Yes

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$53,940
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
Yes
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Deferred Rent$287
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
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, Page 6, Part VI, Line 11B

“The 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 conflicts of interest policy.”

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

“The organization reviews compensation for the co-ceo's 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, conflicts 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 of non-profit organizations.”

Filing and Contact Details

Filer

Filer Name
The Literacy Lab
EIN
27-1777117
Phone
2026434792
Address
1003 K STREET NW SUITE 500, WASHINGTON, DC 20001

Signing Officer

Name
Ashley Johnson
Title
Co-CEO
Phone
2026433794
Signed
2019-03-05
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
431
Volunteers
46

Preparer

Firm
Brown Schultz Sheridan & Fritz
Address
210 GRANDVIEW AVE, CAMP HILL, PA 17011-1706
Preparer
Jeffrey M Walker
Phone
7177617171
Raw XML AppendixShowing 400 of 469 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/AccountantCompileOrReviewInd0false
IRS990/AccountsPayableAccrExpnssGrp/BOYAmt0204774
IRS990/AccountsPayableAccrExpnssGrp/EOYAmt0234095
IRS990/AccountsReceivableGrp/BOYAmt0171032
IRS990/AccountsReceivableGrp/EOYAmt0322316
IRS990/ActivitiesConductedPrtshpInd0false
IRS990/ActivityOrMissionDesc0TO PROVIDE LOW-INCOME CHILDREN WITH INDIVIDUALIZED READING INSTRUCTION TO IMPROVE THEIR LITERACY SKILLS, LEADING TO GREATER SUCCESS IN SCHOOLS AND INCREASED OPPORTUNITIES IN LIFE.
IRS990/AdvertisingGrp/FundraisingAmt0491
IRS990/AdvertisingGrp/ManagementAndGeneralAmt02
IRS990/AdvertisingGrp/ProgramServicesAmt01015
IRS990/AdvertisingGrp/TotalAmt01508
IRS990/AllOtherContributionsAmt03025466
IRS990/AllOtherExpensesGrp/FundraisingAmt0859
IRS990/AllOtherExpensesGrp/ManagementAndGeneralAmt01201
IRS990/AllOtherExpensesGrp/ProgramServicesAmt025451
IRS990/AllOtherExpensesGrp/TotalAmt027511
IRS990/AnnualDisclosureCoveredPrsnInd0true
IRS990/AuditCommitteeInd0true
IRS990/BackupWthldComplianceInd0true
IRS990/BooksInCareOfDetail/PersonNm0ASHLEY JOHNSON
IRS990/BooksInCareOfDetail/PhoneNum02026434792
IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt01003 K STREET NW SUITE 500
IRS990/BooksInCareOfDetail/USAddress/CityNm0WASHINGTON
IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd0DC
IRS990/BooksInCareOfDetail/USAddress/ZIPCd020001
IRS990/BusinessRlnWithFamMemInd0false
IRS990/BusinessRlnWithOfficerEntInd0false
IRS990/BusinessRlnWithOrgMemInd0false
IRS990/CashNonInterestBearingGrp/BOYAmt02180767
IRS990/CashNonInterestBearingGrp/EOYAmt02830233
IRS990/ChangeToOrgDocumentsInd0false
IRS990/CollectionsOfArtInd0false
IRS990/CompCurrentOfcrDirectorsGrp/FundraisingAmt044998
IRS990/CompCurrentOfcrDirectorsGrp/ManagementAndGeneralAmt030174
IRS990/CompCurrentOfcrDirectorsGrp/ProgramServicesAmt0197733
IRS990/CompCurrentOfcrDirectorsGrp/TotalAmt0272905
IRS990/CompensationFromOtherSrcsInd0false
IRS990/CompensationProcessCEOInd0true
IRS990/CompensationProcessOtherInd0false
IRS990/ConferencesMeetingsGrp/ProgramServicesAmt018933
IRS990/ConferencesMeetingsGrp/TotalAmt018933
IRS990/ConflictOfInterestPolicyInd0true
IRS990/ConservationEasementsInd0false
IRS990/ConsolidatedAuditFinclStmtInd0false
IRS990/CreditCounselingInd0false
IRS990/CYBenefitsPaidToMembersAmt00
IRS990/CYContributionsGrantsAmt07334140
IRS990/CYGrantsAndSimilarPaidAmt00
IRS990/CYInvestmentIncomeAmt09762
IRS990/CYOtherExpensesAmt01930175
IRS990/CYOtherRevenueAmt00
IRS990/CYProgramServiceRevenueAmt02764198
IRS990/CYRevenuesLessExpensesAmt01555619
IRS990/CYSalariesCompEmpBnftPaidAmt06568366
IRS990/CYTotalExpensesAmt08552481
IRS990/CYTotalFundraisingExpenseAmt0242424
IRS990/CYTotalProfFndrsngExpnsAmt053940
IRS990/CYTotalRevenueAmt010108100
IRS990/DecisionsSubjectToApprovaInd0false
IRS990/DeductibleArtContributionInd0false
IRS990/DeductibleNonCashContriInd0false
IRS990/DeferredRevenueGrp/EOYAmt0467497
IRS990/DelegationOfMgmtDutiesInd0false
IRS990/DepreciationDepletionGrp/FundraisingAmt0140
IRS990/DepreciationDepletionGrp/ManagementAndGeneralAmt08672
IRS990/DepreciationDepletionGrp/ProgramServicesAmt03366
IRS990/DepreciationDepletionGrp/TotalAmt012178
IRS990/Desc0THE LITERACY LAB IS A WASHINGTON, DC BASED NON-PROFIT ORGANIZATION THAT DELIVERS TARGETED READING INSTRUCTION TO LOW-INCOME STUDENTS IN ORDER TO IMPROVE THEIR OVERALL ACADEMIC SUCCESS. THE LITERACY LAB OFFERS PROGRAM SERVICES WHICH INCLUDE: SCHOOL DAY LITERACY INTERVENTION, THE LEADING MEN FELLOWSHIP AND A FAMILY LITERACY PROGRAM FOR HOMELESS FAMILIES. IN FY 2018, THE ORGANIZATION SERVED OVER 4,900 CHILDREN IN WASHINGTON, DC, ALEXANDRIA, VA, BALTIMORE, MD, KANSAS CITY, MO, AND RICHMOND, VA.
IRS990/DescribedInSection501c3Ind0true
IRS990/DisregardedEntityInd0false
IRS990/DocumentRetentionPolicyInd0true
IRS990/DonorAdvisedFundInd0false
IRS990/ElectionOfBoardMembersInd0false
IRS990/EmployeeCnt0431
IRS990/EmploymentTaxReturnsFiledInd0true
IRS990/EngagedInExcessBenefitTransInd0false
IRS990/ExpenseAmt08039311
IRS990/FamilyOrBusinessRlnInd0false
IRS990/FederalGrantAuditPerformedInd0true
IRS990/FederalGrantAuditRequiredInd0true
IRS990/FeesForServicesAccountingGrp/FundraisingAmt0827
IRS990/FeesForServicesAccountingGrp/ManagementAndGeneralAmt01377
IRS990/FeesForServicesAccountingGrp/ProgramServicesAmt019971
IRS990/FeesForServicesAccountingGrp/TotalAmt022175
IRS990/FeesForServicesLegalGrp/FundraisingAmt088
IRS990/FeesForServicesLegalGrp/ManagementAndGeneralAmt0191
IRS990/FeesForServicesLegalGrp/ProgramServicesAmt02121
IRS990/FeesForServicesLegalGrp/TotalAmt02400
IRS990/FeesForServicesLobbyingGrp/FundraisingAmt021060
IRS990/FeesForServicesLobbyingGrp/TotalAmt021060
IRS990/FeesForServicesOtherGrp/FundraisingAmt04656
IRS990/FeesForServicesOtherGrp/ManagementAndGeneralAmt03220
IRS990/FeesForServicesOtherGrp/ProgramServicesAmt044607
IRS990/FeesForServicesOtherGrp/TotalAmt052483
IRS990/FeesForServicesProfFundraising/FundraisingAmt053940
IRS990/FeesForServicesProfFundraising/TotalAmt053940
IRS990/ForeignActivitiesInd0false
IRS990/ForeignFinancialAccountInd0false
IRS990/ForeignOfficeInd0false
IRS990/Form8282PropertyDisposedOfInd0false
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt060.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt18.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt23.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt33.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt43.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt53.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt63.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt760.00
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd0X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd1X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd2X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd3X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd4X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd5X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd6X
IRS990/Form990PartVIISectionAGrp/OfficerInd0X
IRS990/Form990PartVIISectionAGrp/OfficerInd1X
IRS990/Form990PartVIISectionAGrp/OfficerInd2X
IRS990/Form990PartVIISectionAGrp/OfficerInd3X
IRS990/Form990PartVIISectionAGrp/OfficerInd4X
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt05619
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt10
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt20
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt30
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt40
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt50
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt60
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt76070
IRS990/Form990PartVIISectionAGrp/PersonNm0ASHLEY JOHNSON
IRS990/Form990PartVIISectionAGrp/PersonNm1EDWARD MANDEL
IRS990/Form990PartVIISectionAGrp/PersonNm2HUGH COLE III
IRS990/Form990PartVIISectionAGrp/PersonNm3BAILEY EDELSON
IRS990/Form990PartVIISectionAGrp/PersonNm4ELIZABETH DUFF
IRS990/Form990PartVIISectionAGrp/PersonNm5PRAVEEN JEYARAJAH
IRS990/Form990PartVIISectionAGrp/PersonNm6ELISABETH LIPTAK
IRS990/Form990PartVIISectionAGrp/PersonNm7THOMAS J DILLON
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt0134167
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt60
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt7134167
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt60
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt70
IRS990/Form990PartVIISectionAGrp/TitleTxt0CO-CEO
IRS990/Form990PartVIISectionAGrp/TitleTxt1CHAIR
IRS990/Form990PartVIISectionAGrp/TitleTxt2TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt3DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt4SECRETARY
IRS990/Form990PartVIISectionAGrp/TitleTxt5DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt6DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt7CO-CEO
IRS990/Form990ProvidedToGvrnBodyInd0true
IRS990/Form990TFiledInd0true
IRS990/FormationYr02010
IRS990/FormerOfcrEmployeesListedInd0false
IRS990/FSAuditedBasisGrp/SeparateBasisFinclStmtInd0X
IRS990/FSAuditedInd0true
IRS990/FundraisingActivitiesInd0false
IRS990/GainOrLossGrp/SecuritiesAmt01031
IRS990/GamingActivitiesInd0false
IRS990/GoverningBodyVotingMembersCnt07
IRS990/GovernmentGrantsAmt04308674
IRS990/GrantsToIndividualsInd0false
IRS990/GrantsToOrganizationsInd0false
IRS990/GrantToRelatedPersonInd0false
IRS990/GrossAmountSalesAssetsGrp/SecuritiesAmt086578
IRS990/GrossReceiptsAmt010193647
IRS990/GroupReturnForAffiliatesInd0false
IRS990/IncludeFIN48FootnoteInd0false
IRS990/IndependentAuditFinclStmtInd0true
IRS990/IndependentVotingMemberCnt06
IRS990/IndivRcvdGreaterThan100KCnt02
IRS990/IndoorTanningServicesInd0false
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InsuranceGrp/FundraisingAmt01351
IRS990/InsuranceGrp/ManagementAndGeneralAmt03066
IRS990/InsuranceGrp/ProgramServicesAmt032619
IRS990/InsuranceGrp/TotalAmt037036
IRS990/InvestmentIncomeGrp/ExclusionAmt08731
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt08731
IRS990/InvestmentInJointVentureInd0false
IRS990/IRPDocumentCnt025
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt033004
IRS990/LandBldgEquipBasisNetGrp/BOYAmt020534
IRS990/LandBldgEquipBasisNetGrp/EOYAmt08356
IRS990/LandBldgEquipCostOrOtherBssAmt041360
IRS990/LegalDomicileStateCd0VA
IRS990/LessCostOthBasisSalesExpnssGrp/SecuritiesAmt085547
IRS990/LoanOutstandingInd0false
IRS990/LobbyingActivitiesInd0true
IRS990/LocalChaptersInd0false
IRS990/MaterialDiversionOrMisuseInd0false
IRS990/MembersOrStockholdersInd0false
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd0true
IRS990/MinutesOfGoverningBodyInd0true
IRS990/MissionDesc0TO PROVIDE LOW-INCOME CHILDREN WITH INDIVIDUALIZED READING INSTRUCTION TO IMPROVE THEIR LITERACY SKILLS, LEADING TO GREATER SUCCESS IN SCHOOLS AND INCREASED OPPORTUNITIES IN LIFE.
IRS990/MoreThan5000KToIndividualsInd0false
IRS990/MoreThan5000KToOrgInd0false
IRS990/NetAssetsOrFundBalancesBOYAmt03006460
IRS990/NetAssetsOrFundBalancesEOYAmt04562079
IRS990/NetGainOrLossInvestmentsGrp/ExclusionAmt01031
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt01031
IRS990/NetUnrelatedBusTxblIncmAmt07602
IRS990/NondeductibleContributionsInd0false
IRS990/OccupancyGrp/FundraisingAmt07709
IRS990/OccupancyGrp/ManagementAndGeneralAmt017494
IRS990/OccupancyGrp/ProgramServicesAmt0186551
IRS990/OccupancyGrp/TotalAmt0211754
IRS990/OfficeExpensesGrp/FundraisingAmt01495
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt03257
IRS990/OfficeExpensesGrp/ProgramServicesAmt037292
IRS990/OfficeExpensesGrp/TotalAmt042044
IRS990/OfficerMailingAddressInd0false
IRS990/OperateHospitalInd0false
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt08718
IRS990/OtherAssetsTotalGrp/EOYAmt010640
IRS990/OtherEmployeeBenefitsGrp/FundraisingAmt03932
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt09455
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt0439590
IRS990/OtherEmployeeBenefitsGrp/TotalAmt0452977
IRS990/OtherExpensesGrp/Desc0EDUCATIONAL TUTORING
IRS990/OtherExpensesGrp/Desc1PROGRAM EXPENSE AND SUPPL
IRS990/OtherExpensesGrp/Desc2PROGRAM FEES
IRS990/OtherExpensesGrp/Desc3PROFESSIONAL DEVELOPMENT
IRS990/OtherExpensesGrp/FundraisingAmt01291
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt02762
IRS990/OtherExpensesGrp/ProgramServicesAmt0966904
IRS990/OtherExpensesGrp/ProgramServicesAmt1283371
IRS990/OtherExpensesGrp/ProgramServicesAmt2161819
IRS990/OtherExpensesGrp/ProgramServicesAmt332118
IRS990/OtherExpensesGrp/TotalAmt0966904
IRS990/OtherExpensesGrp/TotalAmt1283371
IRS990/OtherExpensesGrp/TotalAmt2161819
IRS990/OtherExpensesGrp/TotalAmt336171
IRS990/OtherLiabilitiesGrp/EOYAmt0287
IRS990/OtherSalariesAndWagesGrp/FundraisingAmt077923
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt0154965
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt05160003
IRS990/OtherSalariesAndWagesGrp/TotalAmt05392891
IRS990/PartialLiquidationInd0false
IRS990/PayPremiumsPrsnlBnftCntrctInd0false
IRS990/PayrollTaxesGrp/FundraisingAmt016796
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt033438
IRS990/PayrollTaxesGrp/ProgramServicesAmt0399359
IRS990/PayrollTaxesGrp/TotalAmt0449593
IRS990/PledgesAndGrantsReceivableGrp/BOYAmt0787279
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt01954750
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt042904
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt0137663
IRS990/PrincipalOfficerNm0ASHLEY JOHNSON
IRS990/ProfessionalFundraisingInd0true
IRS990/ProgramServiceRevenueGrp/Desc0LITERACY TUTORING
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt02764198
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt02764198
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt05740522
IRS990/PYExcessBenefitTransInd0false
IRS990/PYInvestmentIncomeAmt05364
IRS990/PYOtherExpensesAmt01569159
IRS990/PYProgramServiceRevenueAmt02686733
IRS990/PYRevenuesLessExpensesAmt01340742
IRS990/PYSalariesCompEmpBnftPaidAmt05465718
IRS990/PYTotalExpensesAmt07091877
IRS990/PYTotalProfFndrsngExpnsAmt057000
IRS990/PYTotalRevenueAmt08432619
IRS990/QuidProQuoContributionsInd0false
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReconcilationRevenueExpnssAmt01555619
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RevenueAmt02764198
IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt0SCHEDULE A - PART II TAX YEAR 2015 LISTED UNDER PART II, SCHEDULE A, IS A SHORT TAX YEAR FOR THE SEVEN-MONTH PERIOD ENDED JULY 31, 2016. SUBSEQUENTLY, ALL OTHER TAX YEARS ARE PUSHED BACK ONE YEAR.
IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc0SUPPLEMENTAL INFORMATION
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt07334140
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt05740522
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt01615864
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt02260623
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt01516141
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt018467290
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt09762
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt05364
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt01228
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt0463
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt0872
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt017689
IRS990ScheduleA/GrossReceiptsRltdActivitiesAmt07615841
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.98130
IRS990ScheduleA/PublicSupportPY170Pct00.96420
IRS990ScheduleA/PublicSupportTotal170Amt018139614
IRS990ScheduleA/SubstantialContributorsTotAmt0327676
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt07334140
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt05740522
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt01615864
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt02260623
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt01516141
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt018467290
IRS990ScheduleA/TotalSupportAmt018484979
IRS990/ScheduleBRequiredInd0true
IRS990ScheduleC/DirectContactLegislatorsAmt021060
IRS990ScheduleC/DirectContactLegislatorsInd0true
IRS990ScheduleC/GrantsOtherOrganizationsInd0false
IRS990ScheduleC/MailingsMembersInd0false
IRS990ScheduleC/MediaAdvertisementsInd0false
IRS990ScheduleC/NotDescribedSection501c3Ind0false
IRS990ScheduleC/OtherActivitiesInd0false
IRS990ScheduleC/PaidStaffOrManagementInd0false
IRS990ScheduleC/PublicationsOrBroadcastInd0false
IRS990ScheduleC/RalliesDemonstrationsInd0false
IRS990ScheduleC/SupplementalInformationDetail/ExplanationTxt0THE GOVERNMENT RELATIONS CONSULTANT SET UP MEETINGS AND ATTENDED MEETINGS WITH MEMBERS OF THE VIRGINIA GENERAL ASSEMBLY TO EDUCATE MEMBERS ABOUT THE IMPORTANCE OF EARLY LITERACY AND TO GAIN SUPPORT FOR A BUDGET AMENDMENT TO SUPPORT THE VIRGINIA READING CORPS.
IRS990ScheduleC/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE C, PART II-B, LINE 1
IRS990ScheduleC/TotalLobbyingExpendituresAmt021060
IRS990ScheduleC/VolunteersInd0false
IRS990ScheduleD/DonatedServicesAndUseFcltsAmt0579
IRS990ScheduleD/DonatedServicesUseFcltsAmt0579
IRS990ScheduleD/EquipmentGrp/DepreciationAmt05705
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt05705
IRS990ScheduleD/ExpensesNotReportedAmt0579
IRS990ScheduleD/ExpensesSubtotalAmt08552481
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt08356
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt027299
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt035655
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt0287
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0DEFERRED RENT
IRS990ScheduleD/RevenueNotReportedAmt0579
IRS990ScheduleD/RevenueSubtotalAmt010108100
IRS990ScheduleD/TotalBookValueLandBuildingsAmt08356
IRS990ScheduleD/TotalExpensesPerForm990Amt08552481
IRS990ScheduleD/TotalLiabilityAmt0287
IRS990ScheduleD/TotalRevenuePerForm990Amt010108100
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt010108679
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt08553060
IRS990ScheduleG/AgrmtProfFundraisingActyInd0true
IRS990ScheduleG/FundraiserActivityInfoGrp/ActivityTxt0GRANTS
IRS990ScheduleG/FundraiserActivityInfoGrp/FundraiserControlOfFundsInd0false
IRS990ScheduleG/FundraiserActivityInfoGrp/GrossReceiptsAmt0692870
IRS990ScheduleG/FundraiserActivityInfoGrp/NetToOrganizationAmt0638930
IRS990ScheduleG/FundraiserActivityInfoGrp/OrganizationBusinessName/BusinessNameLine1Txt0ELEVATE
IRS990ScheduleG/FundraiserActivityInfoGrp/RetainedByContractorAmt053940
IRS990ScheduleG/FundraiserActivityInfoGrp/USAddress/AddressLine1Txt02424 18TH STREET NW
IRS990ScheduleG/FundraiserActivityInfoGrp/USAddress/CityNm0WASHINGTON
IRS990ScheduleG/FundraiserActivityInfoGrp/USAddress/StateAbbreviationCd0DC
IRS990ScheduleG/FundraiserActivityInfoGrp/USAddress/ZIPCd020009
IRS990ScheduleG/SolicitationOfNonGovtGrantsInd0X
IRS990ScheduleG/TotalGrossReceiptsAmt0692870
IRS990ScheduleG/TotalNetToOrganizationAmt0638930
IRS990ScheduleG/TotalRetainedByContractorsAmt053940
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE 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.
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 CONFLICTS OF INTEREST POLICY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE ORGANIZATION REVIEWS COMPENSATION FOR THE CO-CEO'S 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 LITERACY LAB MAKES ITS GOVERNING DOCUMENTS, CONFLICTS 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 OF 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 19
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TemporarilyRstrNetAssetsGrp/BOYAmt0569385
IRS990/TemporarilyRstrNetAssetsGrp/EOYAmt01938670
IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt03211234
IRS990/TotalAssetsEOYAmt05263958
IRS990/TotalAssetsGrp/BOYAmt03211234
IRS990/TotalAssetsGrp/EOYAmt05263958
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt07334140
IRS990/TotalEmployeeCnt0431
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt0242424
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0270746
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt08039311
IRS990/TotalFunctionalExpensesGrp/TotalAmt08552481
IRS990/TotalGrossUBIAmt00

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2018 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$5,263,958
Liabilities
$701,879
Net assets
$4,562,079
Revenue
$10,108,100
Expenses
$8,552,481
Net income
$1,555,619
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
2018Detailed filing. Detailed filing data is available for this year.$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
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