Civic Intelligence

Literacy Lab

990 • Fiscal year 2020 • EIN 47-2116172

Jan 01, 2020 to Dec 31, 2020 • Filed on Jul 27, 2021

1 Weatherly Dr Apt 101Mill Valley, CA 94941

(415) 810-2044

Siviq Scores

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

Liabilities / Assets

96th percentile

1.61x

Higher debt load relative to assets than 96% of similar nonprofits.

2020 filings • 501(c)3 • <$500k nonprofits • Source year 2020

Liabilities / Revenue

86th percentile

0.28x

Higher debt load relative to revenue than 86% of similar nonprofits.

2020 filings • 501(c)3 • <$500k nonprofits • Source year 2020

Net Margin

32nd percentile

-6.0%

Higher net margin than 32% of similar nonprofits.

2020 filings • 501(c)3 • <$500k nonprofits • Source year 2020

Top Officer Pay

99th percentile

$153,750

Higher top officer pay than 99% of similar nonprofits.

Top officer pay equals 32.2% of source-year revenue.

2020 filings • 501(c)3 • <$500k nonprofits • Source year 2020

Asset Growth

28th percentile

-9.4%

Faster asset growth than 28% of similar nonprofits.

2020 filings • 501(c)3 • <$500k nonprofits • Annualized from 2019 to 2020

Revenue Growth

62nd percentile

-2.1%

Faster revenue growth than 62% of similar nonprofits.

2020 filings • 501(c)3 • <$500k nonprofits • Annualized from 2019 to 2020

Assets

Down

$83,079

Down $8,571 (-9.4%) from 2019

Net Assets

Down

-$50,487

Down $28,761 (-132%) from 2019

Liabilities

Up

$133,566

Up $20,190 (+18%) from 2019

Revenue

Down

$477,163

Down $10,447 (-2.1%) from 2019

Expenses

Down

$505,924

Down $215,110 (-30%) from 2019

Net Income

Up

-$28,761

Up $204,663 (+88%) from 2019

Historical Trend

Balance Sheet Trend

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

$800K$600K$400K$200K$0-$200KAssets 2015: $494,071Liabilities 2015: $35,346Net Assets 2015: $458,7252015Assets 2016: $636,503Liabilities 2016: $71,262Net Assets 2016: $565,2412016Assets 2017: $619,750Liabilities 2017: $57,914Net Assets 2017: $561,8362017Assets 2018: $260,731Liabilities 2018: $49,033Net Assets 2018: $211,6982018Assets 2019: $91,650Liabilities 2019: $113,376Net Assets 2019: -$21,7262019Assets 2020: $83,079Liabilities 2020: $133,566Net Assets 2020: -$50,4872020Assets 2021: $155,212Liabilities 2021: $49,417Net Assets 2021: $105,7952021

Highlighted filing

2020

Assets$83,079
Liabilities$133,566
Net Assets-$50,487

Operations Trend

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

$2.0M$1.5M$1.0M$500K$0-$500KRevenue 2015: $1,524,177Expenses 2015: $1,065,452Net Income 2015: $458,7252015Revenue 2016: $1,184,679Expenses 2016: $1,078,163Net Income 2016: $106,5162016Revenue 2017: $1,062,522Expenses 2017: $1,076,713Net Income 2017: -$14,1912017Revenue 2018: $782,266Expenses 2018: $1,132,404Net Income 2018: -$350,1382018Revenue 2019: $487,610Expenses 2019: $721,034Net Income 2019: -$233,4242019Revenue 2020: $477,163Expenses 2020: $505,924Net Income 2020: -$28,7612020Revenue 2021: $486,996Expenses 2021: $280,714Net Income 2021: $206,2822021

Highlighted filing

2020

Revenue$477,163
Expenses$505,924
Net Income-$28,761
Jump To
Filing Snapshot
Filing Period
Jan 1, 2020 to Dec 31, 2020
Signed
Jul 27, 2021
Return Version
2020v4.0
Gross Receipts
$477,163
Mission and Program Overview

Mission

Litlab's mission is to create connected and interactive early learning environments by deploying books, digital content, and blended learning solutions for under-resourced children, their caregivers, and educators.

Balance Sheet Detail
LineBeginningEndChange
Assets
Loans From Officers Directors$62,500$50,000▼ $12,500
Inventories for Sale or Use$58,765$48,765▼ $10,000
Cash and Non-Interest-Bearing Accounts$3,595$32,772▲ $29,177
Accounts Receivable$26,125--
Land, Buildings, and Equipment, Net$3,152$0▼ $3,152
Prepaid Expenses and Deferred Charges-$1,529-
Savings and Temporary Cash Investments$13$13→ $0
Total Assets$91,650$83,079▼ $8,571
Liabilities
Unsecured Notes Loans Payable-$71,300-
Accounts Payable and Accrued Expenses$50,876$12,266▼ $38,610
Total Liabilities$113,376$133,566▲ $20,190
Net Assets / Fund Balance
Net Assets With Donor Restrictions$0$0→ $0
Net Assets Without Donor Restrictions$-21,726$-50,487▼ $28,761
Total Net Assets Fund Balance$-21,726$-50,487▼ $28,761
Total Liabilities and Net Assets / Fund Balance$91,650$83,079▼ $8,571

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$0$108,508$108,508
Buildings$0$0$0
Other Land Buildings$0$0$0
Land$0-$0
Leasehold Improvements$0$0$0
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Laura ReedCEOFT$153,750$153,750

Board Members and Trustees

NameTitle
Ush PatelBoard President
Eliza LeightonBoard Member
Joshua WrightBoard Member
Steve MidgleyBoard Member
Lea Anne BordersSecretary
Mike KnychTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$469,078
Program Service Revenue
$0
Investment Income
$1,316
Other Revenue
$6,769
All Other Contributions
$450,328
Change in Net Assets
$-28,761
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$338,120
Other Expenses$167,804
Total Fundraising Expense$46,746
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Current Officers, Directors, Trustees, and Key Employees$130,494$16,950$7,687$155,131
Other Salaries and Wages$98,683$12,297$18,754$129,734
Other Expenses$77,399$0$1,000$78,399
Fees for Services Other$19,783$2,896$15,108$37,787
Other Employee Benefits$6,464$23,504-$29,968
Payroll Taxes$15,729$4,020$2,188$21,937
Fees for Services Accounting-$20,126-$20,126
Occupancy-$14,287-$14,287
Office Expenses$3,638$2,303$1,236$7,177
Information Technology$847$2,736$15$3,598
Depreciation Depletion-$3,152-$3,152
Insurance-$1,855-$1,855
Pension Plan Contributions-$1,350-$1,350
Advertising$165-$758$923
Interest-$500-$500
Total Functional Expenses$353,202$105,976$46,746$505,924
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
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
Loans from Officers, Directors, Trustees, and Key Employees$62,500$50,000▼ $12,500
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
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
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, Section A, Line 2

Board members joshua wright and eliza leighton are married.

Form 990, Part VI, Section A, Line 8B

There are no sub-committees of the board of directors.

Form 990, Part VI, Section B, Line 11B

A draft form 990 is shared with the board treasurer and board chair for initial review. The form 990 is provided to the full board prior to filing.

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

The conflict of interest policy is reviewed annually.

Form 990, Part VI, Section B, Line 15

Compensation for the ceo is determined by the board chair and the treasurer.

Form 990, Part VI, Section C, Line 19

Documents are available upon reasonable request.

Filing and Contact Details

Filer

Filer Name
Literacy Lab
EIN
47-2116172
Phone
4158102044
Address
1 WEATHERLY DR APT 101, MILL VALLEY, CA 94941
Doing Business As
Litlab

Signing Officer

Name
Laura Reed
Title
CEO
Phone
4158102044
Signed
2021-07-27
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Laura Reed
Formed
2014
Legal Domicile
CA
Voting Board Members
7
Independent Board Members
6
Employees
9
Volunteers
6

Preparer

Firm
Easy Office Dba Jitasa
Address
1750 W FRONT STREET SUITE 200, BOISE, ID 83702
Preparer
Jeremy Cork
Phone
2082874777
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IRS990/ProgSrvcAccomActy2Grp/Desc0INTERACTIVE READING & LEARNING TOOLS: THE LITTAB PROGRAM COMBINES A TABLET, EBOOKS, AND LEARNING APPS TO TRANSFORM HOW A CHILD EXPERIENCING POVERTY DEVELOPS LEARNING PATHWAYS FOR SCHOOL READINESS AND SUCCESS. LITERACY LAB MAKES LEARNING RESOURCES TO CHILDREN BY PROVIDING HIGH-QUALITY EBOOKS AND LEARNING APPS, ACCESSIBLE IN MULTIPLE LANGUAGES, THE LITTAB PROGRAM ALSO CHANGES ACTIONS BY OFFERING INTERACTIVE BLENDED LEARNING SOLUTIONS THAT ENGAGE PARENTS AND CAREGIVERS TO USE TECHNOLOGY TO INTERACT AND DRIVE THEIR CHILDREN'S LEARNING.
IRS990/ProgSrvcAccomActy2Grp/ExpenseAmt0119374
IRS990/ProgSrvcAccomActy2Grp/GrantAmt00
IRS990/ProgSrvcAccomActy2Grp/RevenueAmt00
IRS990/ProgSrvcAccomActy3Grp/Desc0ACCESS TO BOOKS - LITERACY LAB BELIEVES IN AN INTERACTIVE BLENDED APPROACH TO EARLY LEARNING. MANY EDUCATION CENTERS LACK THE NECESSARY TOOLS TO HELP BRIDGE THE 30-MILLION WORD GAP THAT EXISTS BETWEEN LOW-INCOME CHILDREN AND THEIR HIGHER-INCOME COUNTERPARTS. OUR BOOKCASE LIBRARY PROGRAM PLACES BOOKCASES FILLED WITH APPROXIMATELY 30 AGE-APPROPRIATE BOOKS IN CHILD DEVELOPMENT CENTERS, STATE FUNDED PRESCHOOLS, AND ELEMENTARY SCHOOLS. ALL OF THE BOOKS ARE NEW CHILDREN'S BOOKS SELECTED TO BE DEVELOPMENTALLY APPROPRIATE, LANGUAGE-DIVERSE, AND CULTURALLY RELEVANT SELECTED TO SUPPORT CRITICAL THINKING, VOCABULARY, AND BACKGROUND KNOWLEDGE DEVELOPMENT. BOOK LISTS REFLECT COMMON CORE AND STEAM (SCIENCE, TECHNOLOGY, ENGINEERING, ART, AND MATHEMATICS) CONTENT.
IRS990/ProgSrvcAccomActy3Grp/ExpenseAmt051593
IRS990/ProgSrvcAccomActy3Grp/GrantAmt00
IRS990/ProgSrvcAccomActy3Grp/RevenueAmt00
IRS990/ProgSrvcAccomActyOtherGrp/Desc0FAMILY & EDUCATOR ENGAGEMENT - RESEARCH HAS REPEATEDLY CONFIRMED THAT FAMILY ENGAGEMENT IN A CHILD'S EARLY LEARNING SUPPORTS LATER ACADEMIC SUCCESS. AT LITERACY LAB, WE BELIEVE THAT PARENT AND CAREGIVER INVOLVEMENT IS A CRITICAL ELEMENT OF A CHILD'S DEVELOPMENT. OUR FAMILY & EDUCATOR WORKSHOP PROGRAM EDUCATES, SUPPORTS, AND ACTIVATES PARENTS, CHILDCARE PROVIDERS, SERVICE PROVIDERS, AND TEACHERS ON THE CRITICAL IMPORTANCE OF BEING INVOLVED IN A CHILD'S EARLY LEARNING AND HOW TO IMPLEMENT STRATEGIES THAT FOSTER A CHILD'S LITERACY, LANGUAGE, AND OVERALL DEVELOPMENT. WE BELIEVE THAT WHEN PARENTS, CAREGIVERS, AND SUPPORTERS GET ACTIVATED, CHILDREN ARE READY TO LEARN AND READY FOR SCHOOL AND COMMUNITIES GET STRONGER. THIS PROGRAM IS DESIGNED TO REACH A CHILD'S "FIRST TEACHER"-THEIR PARENTS AND CAREGIVERS AS WELL AS SERVICE PROVIDERS AND TEACHERS.
IRS990/ProgSrvcAccomActyOtherGrp/ExpenseAmt040874
IRS990/ProgSrvcAccomActyOtherGrp/GrantAmt00
IRS990/ProgSrvcAccomActyOtherGrp/RevenueAmt00
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt0436822
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt04
IRS990/PYOtherExpensesAmt0288181
IRS990/PYOtherRevenueAmt028692
IRS990/PYProgramServiceRevenueAmt022092
IRS990/PYRevenuesLessExpensesAmt0-233424
IRS990/PYSalariesCompEmpBnftPaidAmt0432853
IRS990/PYTotalExpensesAmt0721034
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt0487610
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt0-28761
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/RelatedOrganizationsAmt00
IRS990/RentalIncomeOrLossGrp/PersonalAmt00
IRS990/RentalIncomeOrLossGrp/RealAmt06160
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd00
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt00
IRS990/RoyaltiesRevenueGrp/ExclusionAmt00
IRS990/RoyaltiesRevenueGrp/RelatedOrExemptFuncIncomeAmt00
IRS990/RoyaltiesRevenueGrp/TotalRevenueColumnAmt00
IRS990/RoyaltiesRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/SavingsAndTempCashInvstGrp/BOYAmt013
IRS990/SavingsAndTempCashInvstGrp/EOYAmt013
IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt0RELATED RENTAL INCOME
IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc0Schedule A, Part II, Line 10
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IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt0436822
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt0700867
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt0966480
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt01028773
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt03602020
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt01
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt04
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt057
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt074
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt0131
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt0267
IRS990ScheduleA/GrossReceiptsRltdActivitiesAmt0292207
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearAmt06160
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus1YearAmt028443
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus2YearsAmt029428
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus3YearsAmt030300
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus4YearsAmt04187
IRS990ScheduleA/OtherIncome170Grp/TotalAmt098518
IRS990ScheduleA/PublicOrganization170Ind0X
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IRS990ScheduleA/PublicSupportPY170Pct00.81577
IRS990ScheduleA/PublicSupportTotal170Amt02459849
IRS990ScheduleA/SubstantialContributorsTotAmt01142171
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt0469078
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt0436822
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt0700867
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt0966480
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt01028773
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt03602020
IRS990ScheduleA/TotalSupportAmt03700805
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IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
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IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
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IRS990/ScheduleBRequiredInd01
IRS990ScheduleD/BuildingsGrp/BookValueAmt00
IRS990ScheduleD/BuildingsGrp/DepreciationAmt00
IRS990ScheduleD/BuildingsGrp/InvestmentCostOrOtherBasisAmt00
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt00
IRS990ScheduleD/EquipmentGrp/BookValueAmt00
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0108508
IRS990ScheduleD/EquipmentGrp/InvestmentCostOrOtherBasisAmt00
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0108508
IRS990ScheduleD/LandGrp/BookValueAmt00
IRS990ScheduleD/LandGrp/InvestmentCostOrOtherBasisAmt00
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt00
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt00
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt00
IRS990ScheduleD/LeaseholdImprovementsGrp/InvestmentCostOrOtherBasisAmt00
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt00
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt00
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt00
IRS990ScheduleD/OtherLandBuildingsGrp/InvestmentCostOrOtherBasisAmt00
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt00
IRS990ScheduleD/TotalBookValueLandBuildingsAmt00
IRS990ScheduleJ/AnyNonFixedPaymentsInd00
IRS990ScheduleJ/BoardOrCommitteeApprovalInd0X
IRS990ScheduleJ/CompBasedOnRevenueOfFlngOrgInd00
IRS990ScheduleJ/CompBsdNetEarnsFlngOrgInd00
IRS990ScheduleJ/CompBsdNetEarnsRltdOrgsInd00
IRS990ScheduleJ/CompBsdOnRevRelatedOrgsInd00
IRS990ScheduleJ/EquityBasedCompArrngmInd00
IRS990ScheduleJ/InitialContractExceptionInd00
IRS990/ScheduleJRequiredInd01
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt0153750
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompRltdOrgsAmt00
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IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm0LAURA REED
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt0CEO

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