Civic Intelligence

Midcoast Literacy

990EZ • Fiscal year 2020 • EIN 54-2127254

Jan 01, 2020 to Dec 31, 2020 • Filed on Mar 23, 2021

9 Park St Ste 1Bath, ME 04530

(207) 443-6384

Siviq Scores

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

Liabilities / Assets

81st percentile

0.22x

Higher debt load relative to assets than 81% of similar nonprofits.

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

Liabilities / Revenue

79th percentile

0.14x

Higher debt load relative to revenue than 79% of similar nonprofits.

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

Net Margin

21st percentile

-20%

Higher net margin than 21% of similar nonprofits.

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

Top Officer Pay

88th percentile

$36,000

Higher top officer pay than 88% of similar nonprofits.

Top officer pay equals 27.6% of source-year revenue.

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

Asset Growth

23rd percentile

-15%

Faster asset growth than 23% of similar nonprofits.

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

Revenue Growth

71st percentile

7.8%

Faster revenue growth than 71% of similar nonprofits.

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

Assets

Down

$80,684

Down $13,862 (-15%) from 2019

Net Assets

$62,927

No earlier filing loaded for comparison.

Liabilities

Up

$17,757

Up $11,176 (+170%) from 2019

Revenue

Up

$130,656

Up $9,410 (+7.8%) from 2019

Expenses

Up

$156,938

Up $16,438 (+12%) from 2019

Net Income

Down

-$26,282

Down $7,028 (-37%) from 2019

Historical Trend

Balance Sheet Trend

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

$200K$150K$100K$50K$0Assets 2012: $34,466Liabilities 2012: $1,8192012Assets 2013: $42,642Liabilities 2013: $1,1152013Assets 2014: $34,405Liabilities 2014: $1,1742014Assets 2015: $140,172Liabilities 2015: $76,6252015Assets 2016: $163,744Liabilities 2016: $68,9872016Assets 2017: $151,889Liabilities 2017: $24,2642017Assets 2018: $147,715Liabilities 2018: $10,4962018Assets 2019: $94,546Liabilities 2019: $6,5812019Assets 2020: $80,684Liabilities 2020: $17,757Net Assets 2020: $62,9272020Assets 2021: $86,796Liabilities 2021: $2,709Net Assets 2021: $84,0872021Assets 2022: $113,334Liabilities 2022: $22,817Net Assets 2022: $90,5172022Assets 2023: $114,878Liabilities 2023: $15,913Net Assets 2023: $98,9652023Assets 2024: $147,904Liabilities 2024: $10,051Net Assets 2024: $137,8532024

Highlighted filing

2020

Assets$80,684
Liabilities$17,757
Net Assets$62,927

Operations Trend

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

$300K$200K$100K$0-$100KRevenue 2012: $97,576Expenses 2012: $106,720Net Income 2012: -$9,1442012Revenue 2013: $75,670Expenses 2013: $66,791Net Income 2013: $8,8792013Revenue 2014: $88,051Expenses 2014: $96,347Net Income 2014: -$8,2962014Revenue 2015: $133,699Expenses 2015: $97,641Net Income 2015: $36,0582015Revenue 2016: $139,618Expenses 2016: $114,407Net Income 2016: $25,2112016Revenue 2017: $157,205Expenses 2017: $124,480Net Income 2017: $32,7252017Revenue 2018: $70,287Expenses 2018: $64,489Net Income 2018: $5,7982018Revenue 2019: $121,246Expenses 2019: $140,500Net Income 2019: -$19,2542019Revenue 2020: $130,656Expenses 2020: $156,938Net Income 2020: -$26,2822020Revenue 2021: $184,198Expenses 2021: $163,038Net Income 2021: $21,1602021Revenue 2022: $172,055Expenses 2022: $165,784Net Income 2022: $6,2712022Revenue 2023: $195,017Expenses 2023: $186,569Net Income 2023: $8,4482023Revenue 2024: $239,926Expenses 2024: $201,039Net Income 2024: $38,8872024

Highlighted filing

2020

Revenue$130,656
Expenses$156,938
Net Income-$26,282
Jump To
Filing Snapshot
Filing Period
Jan 1, 2020 to Dec 31, 2020
Signed
Mar 23, 2021
Return Version
2020v4.0
Gross Receipts
$130,656
Mission and Program Overview

Mission

Provide one-on-one literacy tutoring services, early literacy sessions with families, and small group English language training for ages 6 to adults in midcoast Maine.

Provide one-on-one literacy tutoring services for ages 6 to adults.

Program Services

DescriptionGrantsExpenses
Midcoast Literacy Family Literacy Programs: Improved families' ability to support children's learning and academic experienced through reading aloud and other inter-generational activities. Participants included 302 children, 2438 books to Head Start families, and 46 students in Read Together Program.$71,230$95,143
Midcoast Literacy Adult Programs: Trained and matched volunteer tutors with adults wishing to improve literacy skills. Tutors (45) provided free, confidential learner-centered tutoring in reading, writing, math, computer literacy, English language learning, and other literacy-based skills to 62 individuals.$44,143$59,472
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Donald LaderExecutive Director/Adult Program CoordinatorPT$36,000-$36,000
Christine AndersonBoard ChairPT$0--
Julie HendricksonVice-Chair-$0--
Dave DamourTreasurerPT$0--
Linda HaroffSecretary-$0--
Lucille StottDirector-$0--
Sue Ellen DamourDirector-$0--
Richard BrownDirector-$0--
Filing and Contact Details

Filer

Filer Name
Midcoast Literacy
EIN
54-2127254
Phone
2074436384
Address
9 Park St Ste 1, Bath, ME 04530

Signing Officer

Name
David Damour
Title
Treasurer
Phone
2075047035
Signed
2021-03-23
Supplemental Narrative

Additional Explanations

Form 990-EZ, Part I, Line 8

Stimulus PPO Loan converted to grant in 2020

Form 990-EZ, Part I, Line 16

Copier, Dues, Licenses, Telephone, Moving Expense, Office Equipment Maintenance and Repairs, Insurance, Program Books, Program Supplies, Training, Miscellaneous Items

Form 990-EZ, Part I, Line 20

Reconciliation Discrepancies

Form 990-EZ, Part II, Line 24

Security Deposit

Form 990-EZ, Part II, Line 26

Outstanding Payroll Liabilities, Deferred Grant Revenue (received in FY20 but for FY21)

Raw XML Appendix196 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1Copier, Dues, Licenses, Telephone, Moving Expense, Office Equipment Maintenance and Repairs, Insurance, Program Books, Program Supplies, Training, Miscellaneous Items
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2Reconciliation Discrepancies
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3Security Deposit
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4Outstanding Payroll Liabilities, Deferred Grant Revenue (received in FY20 but for FY21)
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990-EZ, Part I, Line 8
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IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990-EZ, Part I, Line 20
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990-EZ, Part II, Line 24
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Form 990-EZ, Part II, Line 26
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ReturnHeader/BusinessOfficerGrp/SignatureDt02021-03-23
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ReturnHeader/Filer/EIN0542127254
ReturnHeader/Filer/PhoneNum02074436384
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ReturnHeader/Filer/USAddress/CityNm0Bath
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ReturnHeader/Filer/USAddress/ZIPCd004530
ReturnHeader/ReturnTs02021-03-30T11:42:25-07:00
ReturnHeader/ReturnTypeCd0990EZ
ReturnHeader/TaxPeriodBeginDt02020-01-01
ReturnHeader/TaxPeriodEndDt02020-12-31
ReturnHeader/TaxYr02020

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