Civic Intelligence

The Literacy Project Foundation

990 • Fiscal year 2023 • EIN 33-0395322

Jul 01, 2022 to Jun 30, 2023 • Filed on Feb 26, 2024

525 Superior AvenueNewport Beach, CA 92663

(949) 721-1319

Siviq Scores

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

Liabilities / Assets

39th percentile

0.00x

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

2023 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2023

Liabilities / Revenue

42nd percentile

0.01x

Higher debt load relative to revenue than 42% of similar nonprofits.

2023 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2023

Net Margin

62nd percentile

11%

Higher net margin than 62% of similar nonprofits.

2023 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2023

Top Officer Pay

54th percentile

$0

Higher top officer pay than 54% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2023 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2023

Asset Growth

53rd percentile

5.1%

Faster asset growth than 53% of similar nonprofits.

2023 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2022 to 2023

Revenue Growth

11th percentile

-32%

Faster revenue growth than 11% of similar nonprofits.

2023 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2022 to 2023

Assets

Up

$746,899

Up $35,973 (+5.1%) from 2022

Net Assets

Up

$744,498

Up $37,258 (+5.3%) from 2022

Liabilities

Down

$2,401

Down $1,285 (-35%) from 2022

Revenue

Down

$329,159

Down $152,778 (-32%) from 2022

Expenses

Up

$291,901

Up $71,054 (+32%) from 2022

Net Income

Down

$37,258

Down $223,832 (-86%) from 2022

Historical Trend

Balance Sheet Trend

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

$1.0M$500K$0Assets 2010: $121,034Liabilities 2010: $2,110Net Assets 2010: $118,9242010Assets 2011: $242,499Liabilities 2011: $1,684Net Assets 2011: $240,8152011Assets 2012: $254,843Liabilities 2012: $3,147Net Assets 2012: $251,6962012Assets 2014: $500,681Liabilities 2014: $3,195Net Assets 2014: $497,4862014Assets 2015: $552,411Liabilities 2015: $3,313Net Assets 2015: $549,0982015Assets 2016: $501,760Liabilities 2016: $16,740Net Assets 2016: $485,0202016Assets 2017: $342,153Liabilities 2017: $1,944Net Assets 2017: $340,2092017Assets 2018: $347,474Liabilities 2018: $6,691Net Assets 2018: $340,7832018Assets 2019: $304,026Liabilities 2019: $4,029Net Assets 2019: $299,9972019Assets 2020: $334,933Liabilities 2020: $7Net Assets 2020: $334,9262020Assets 2021: $448,179Liabilities 2021: $2,029Net Assets 2021: $446,1502021Assets 2022: $710,926Liabilities 2022: $3,686Net Assets 2022: $707,2402022Assets 2023: $746,899Liabilities 2023: $2,401Net Assets 2023: $744,4982023Assets 2024: $858,675Liabilities 2024: $5,580Net Assets 2024: $853,0952024

Highlighted filing

2023

Assets$746,899
Liabilities$2,401
Net Assets$744,498

Operations Trend

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

$600K$400K$200K$0-$200KExpenses 2010: $123,0832010Expenses 2011: $193,8462011Expenses 2012: $288,7552012Revenue 2014: $449,457Expenses 2014: $271,754Net Income 2014: $177,7032014Revenue 2015: $408,418Expenses 2015: $356,806Net Income 2015: $51,6122015Revenue 2016: $315,637Expenses 2016: $379,715Net Income 2016: -$64,0782016Revenue 2017: $181,637Expenses 2017: $326,448Net Income 2017: -$144,8112017Revenue 2018: $267,542Expenses 2018: $266,968Net Income 2018: $5742018Revenue 2019: $233,628Expenses 2019: $275,392Net Income 2019: -$41,7642019Revenue 2020: $245,924Expenses 2020: $224,375Net Income 2020: $21,5492020Revenue 2021: $267,570Expenses 2021: $156,346Net Income 2021: $111,2242021Revenue 2022: $481,937Expenses 2022: $220,847Net Income 2022: $261,0902022Revenue 2023: $329,159Expenses 2023: $291,901Net Income 2023: $37,2582023Revenue 2024: $400,656Expenses 2024: $297,204Net Income 2024: $103,4522024

Highlighted filing

2023

Revenue$329,159
Expenses$291,901
Net Income$37,258
Jump To
Filing Snapshot
Filing Period
Jul 1, 2022 to Jun 30, 2023
Signed
Feb 26, 2024
Return Version
2022v5.0
Gross Receipts
$329,159
Mission and Program Overview

Mission

The Literacy Projects (TLP) mission is to eliminate the literacy gap of emerging second graders who are functionally illiterate. Our vision is to remove the impediment of illiteracy from the lives of our most vulnerable children with the help of teachers, volunteers, mentors and role models. It is our hope that every second grade student is given the chance to have a solid foundation of English skills to advance their literacy development. This critical age, referred to as the literacy gap, is when a child becomes equipped with literacy skills that last a lifetime. To accomplish its mission, TLP accesses and enhances key phonic skills among struggling readers in second grade; promotes learning in a fun, social and interactive environment; uses proven methods to maximize the learning experience; and fosters self-sufficiency and economic success through academic and attitudinal achievement. TLP offers a comprehensive instructional program that improves both academic and attitudinal level

The literacy's project's mission is to eliminate the literacy gap of underserved second and third grade students from low-income families who are functionally illiterate. Our vision is to foster a lifelong love of reading in each student since reading is key to learning and achieving the american dream.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$634,762$683,198▲ $48,436
Inventories for Sale or Use$57,860$57,860→ $0
Accounts Receivable$9,882$0▼ $9,882
Land, Buildings, and Equipment, Net$2,316$2,229▼ $87
Prepaid Expenses and Deferred Charges$3,658$1,164▼ $2,494
Savings and Temporary Cash Investments-$0-
Other Notes and Loans Receivable, Net-$0-
Pledges and Grants Receivable-$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-
Intangible Assets-$0-
Total Assets$710,926$746,899▲ $35,973
Other Assets Total$2,448$2,448→ $0
Liabilities
Other Liabilities$1,098$1,401▲ $303
Accounts Payable and Accrued Expenses$2,588$1,000▼ $1,588
Total Liabilities$3,686$2,401▼ $1,285
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$707,240$744,498▲ $37,258
Total Net Assets Fund Balance$707,240$744,498▲ $37,258
Total Liabilities and Net Assets / Fund Balance$710,926$746,899▲ $35,973

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$2,229$171$2,400
Compensation and Service Providers

Board Members and Trustees

NameTitle
Sue GrantChairman
Scott LopezVice President
Arnie RubinDirector
Bill PassoDirector
Christopher TrelaDirector
Dennis KuhlDirector
Fiona GrandiDirector
Jim SteeleDirector
Michael T TravisDirector
Paula KarcherDirector
Sinan KanatsizDirector
Vishal TummalaDirector
Joe StapletonSecretary
Penny M FoxTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$329,159
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$0
All Other Contributions
$250,861
Change in Net Assets
$37,258

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 Table1$75,000Fair Market Value
Other Non Cash Contri Table2$3,500Cost
Other Non Cash Contri Table1$2,969Cost
Total Noncash Contributions4$81,469-
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$281,435
Total Fundraising Expense$50,864
Salaries, Compensation, and Employee Benefits$10,466
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Fees for Services Management$75,000--$75,000
Fees for Services Other-$19,586$12,050$31,636
Occupancy-$29,376-$29,376
All Other Expenses$4,184$15,481$5,311$24,976
Office Expenses-$12,221-$12,221
Other Salaries and Wages-$9,666-$9,666
Other Expenses$31,077-$5,350$5,350
Fees for Services Accounting-$3,500-$3,500
Advertising--$2,985$2,985
Insurance-$819-$819
Payroll Taxes-$800-$800
Travel$799--$799
Depreciation Depletion$87--$87
Total Functional Expenses$149,588$91,449$50,864$291,901
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Event 1$78,298---
Total Events$78,298---
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-
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Payroll Taxes Payable$1,401
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Backup withholding compliance
No
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
No
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, Section B, Line 11B

Tax filings are reviewed and discussed at quarterly board meetings.

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

Compliance with the conflict of interest policies are monitored at quarterlymeetings where policies and procedures are reviewed and discussed.

Form 990, Part VI, Section C, Line 19

Disclosure of all governing documents, policies, and financial statements are available upon request.

Filing and Contact Details

Filer

Filer Name
The Literacy Project
EIN
33-0395322
Phone
9497211319
Address
525 SUPERIOR AVENUE, NEWPORT BEACH, CA 92663

Signing Officer

Name
Sue Grant
Title
Chairman
Phone
9493503017
Signed
2024-02-26
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Sue Grant
Formed
1989
Legal Domicile
CA
Voting Board Members
14
Independent Board Members
14
Employees
1
Volunteers
60

Preparer

Firm
Penny M Fox CPA
Address
15615 Alton Parkway Suite 450, Irvine, CA 92618
Preparer
Penny M Fox
Phone
9492465493
Supplemental Narrative

Additional Explanations

Form 990, Part III, Line 1

Goals:Target specific markets with low literacy rates, disadvantaged youth in Title 1, at-risk and levels 3-5 schools of the Performance Improvement (PI);Provide a highly cost effective, user friendly and easily comprehensible learning methodIncrease the learning experience using proven, scientific methods;Provide Master Teachers as highly specialized administrators;Provide pre- and post-testing to substantiate the success rate;Ensure literacy for the crucial third-grade literacy milestone; and Foster long-term self-sufficiency and economic success.Programming:The Literacy Project (TLP) offers a comprehensive instructional program that improves both academic and attitudinal levels of students performing far below English proficiency standards. TLP accesses and enhances key phonic skills; promotes learning in a fun, socially interactive and collaborative learning environment. TLPs reading program fosters self-sufficiency and economic success through academic and attitudinal achievement. The academic segment utilizes The New Phonics Game, a proprietary reading product which was co-developed by The Regents of the University of California. The 30-hour program, five days weekly during daytime classroom instruction, is administered by TLPs highly credentialed Master Teachers. The program is provided at no cost to both the school and at-risk students in the second and third grade. The program teaches the fundamental principles of phonics and literacy in all three learning modalitiesauditory, visual and tactilecritical to children with varying learning styles. TLP conducts four teaching cycles each school year, graduating 72 students per school annually. The primary advantage of The Literacy Projects reading program is the focus on helping students augment their classroom instruction by practicing essential reading skills in a unique and stimulating way, thus effectively extending the instructional day to ensure mastery of the English Language.

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IRS990/Form990PartVIISectionAGrp/TitleTxt5Director
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IRS990/MissionDesc0IN EACH SCHOOL WE PARTNER WITH A GROUP OF SIX STUDENTS ARE TAUGHT TO READ IN 30 LESSONS USING A GAME FORMAT. THE PROGRAM IS ADMIMISTERED BY A MASTER TEACHER WHO FOCUSES ON FIVE ESSENTIAL READING COMPONENTS: PHONEMIC AWARENESS, PHONICS, FLUENCY, VOCABULARY, AND COMPREHENSION. THE GAME FORMAT IS HIGHLY ENGAGING, FUN, AND EFFECTIVE, USING THREE LEARNING MODALITIES - AUDITORY, VISUAL, AND TACTILE. THE CURRICULUM ALIGNS WITH STATE STANDARDS AND BEST PRACTICES IN READING INSTRUCTION TO ACHIEVE STUDENT LITERACY.FOUNDED IN 2009, THE LITERACY PROJECT (TLP) HAS HELPED MORE THAN 10,000 STRUGGLING READERS IMPROVE THEIR PHONETIC SKILLS AND BECOME MORE SELF-CONFIDENT, LEADING TO GRADE-LEVEL READING. THROUGHOUT THE PROGRAM, WE ASSESS STUDENTS TO MONITOR THEIR PROGRESS. IN THE LAST SCHOOL YEAR, 85% OF ALL TLP STUDENTS MET OR EXCEEDED THEIR PRIMARY END-OF-YEAR GROWTH GOAL. DURING THE PAST YEAR, READING PROGRAMS HAVE EXPANDED FROM CALIFORNIA TO UTAH AND ARIZONA.
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IRS990ScheduleD/TotalLiabilityAmt01401
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IRS990ScheduleG/EmailSolicitationsInd0X
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IRS990ScheduleG/LicensedStatesCd0AZ
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Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$8.59$0.06$8.53$4.01$2.97$1.03
2023Detailed filing. Detailed filing data is available for this year.$7.47$0.02$7.44$3.29$2.92$0.37
2022Detailed filing. Detailed filing data is available for this year.$7.11$0.04$7.07$4.82$2.21$2.61
2021Detailed filing. Detailed filing data is available for this year.$4.48$0.02$4.46$2.68$1.56$1.11
2020Detailed filing. Detailed filing data is available for this year.$3.35$0.00$3.35$2.46$2.24$0.22
2019Detailed filing. Detailed filing data is available for this year.$3.04$0.04$3.00$2.34$2.75$0.42
2018Detailed filing. Detailed filing data is available for this year.$3.47$0.07$3.41$2.68$2.67$0.01
2017Detailed filing. Detailed filing data is available for this year.$3.42$0.02$3.40$1.82$3.26$1.45
2016Detailed filing. Detailed filing data is available for this year.$5.02$0.17$4.85$3.16$3.80$0.64
2015Detailed filing. Detailed filing data is available for this year.$5.52$0.03$5.49$4.08$3.57$0.52
2014Detailed filing. Detailed filing data is available for this year.$5.01$0.03$4.97$4.49$2.72$1.78
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.55$0.03$2.52$2.89
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.42$0.02$2.41$1.94
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.21$0.02$1.19$1.23