Civic Intelligence

The Literacy Center

990 • Fiscal year 2015 • EIN 57-0727884

Jan 01, 2015 to Dec 31, 2015 • Filed on Jul 25, 2016

PO Box 3725Bluffton, SC 29910

(843) 815-6616

Siviq Scores

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

Liabilities / Assets

64th percentile

0.02x

Higher debt load relative to assets than 64% of similar nonprofits.

2015 filings • 501(c)3 • <$500k nonprofits • Source year 2015

Liabilities / Revenue

62nd percentile

0.01x

Higher debt load relative to revenue than 62% of similar nonprofits.

2015 filings • 501(c)3 • <$500k nonprofits • Source year 2015

Net Margin

37th percentile

-1.2%

Higher net margin than 37% of similar nonprofits.

2015 filings • 501(c)3 • <$500k nonprofits • Source year 2015

Top Officer Pay

86th percentile

$30,976

Higher top officer pay than 86% of similar nonprofits.

Top officer pay equals 9.0% of source-year revenue.

2015 filings • 501(c)3 • <$500k nonprofits • Source year 2015

Asset Growth

40th percentile

-2.4%

Faster asset growth than 40% of similar nonprofits.

2015 filings • 501(c)3 • <$500k nonprofits • Annualized from 2014 to 2015

Revenue Growth

47th percentile

-0.5%

Faster revenue growth than 47% of similar nonprofits.

2015 filings • 501(c)3 • <$500k nonprofits • Annualized from 2014 to 2015

Assets

Down

$185,337

Down $4,569 (-2.4%) from 2014

Net Assets

Down

$182,483

Down $4,205 (-2.3%) from 2014

Liabilities

Down

$2,854

Down $364 (-11%) from 2014

Revenue

Down

$343,028

Down $1,583 (-0.5%) from 2014

Expenses

Down

$347,233

Down $22,826 (-6.2%) from 2014

Net Income

Up

-$4,205

Up $21,243 (+83%) from 2014

Historical Trend

Balance Sheet Trend

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

$600K$400K$200K$0Assets 2010: $228,604Liabilities 2010: $1,899Net Assets 2010: $226,7052010Assets 2011: $208,929Liabilities 2011: $10,862Net Assets 2011: $198,0672011Assets 2012: $210,780Liabilities 2012: $9,787Net Assets 2012: $200,9932012Assets 2013: $216,448Liabilities 2013: $4,312Net Assets 2013: $212,1362013Assets 2014: $189,906Liabilities 2014: $3,218Net Assets 2014: $186,6882014Assets 2015: $185,337Liabilities 2015: $2,854Net Assets 2015: $182,4832015Assets 2016: $237,323Liabilities 2016: $13,605Net Assets 2016: $223,7182016Assets 2017: $217,230Liabilities 2017: $0Net Assets 2017: $217,2302017Assets 2018: $161,744Liabilities 2018: $3,680Net Assets 2018: $158,0642018Assets 2019: $260,781Liabilities 2019: $0Net Assets 2019: $260,7812019Assets 2020: $569,484Liabilities 2020: $207,815Net Assets 2020: $361,6692020Assets 2021: $0Liabilities 2021: $0Net Assets 2021: $02021

Highlighted filing

2015

Assets$185,337
Liabilities$2,854
Net Assets$182,483

Operations Trend

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

$600K$400K$200K$0-$200KExpenses 2010: $385,0392010Expenses 2011: $367,8462011Expenses 2012: $369,1512012Revenue 2013: $407,132Expenses 2013: $395,989Net Income 2013: $11,1432013Revenue 2014: $344,611Expenses 2014: $370,059Net Income 2014: -$25,4482014Revenue 2015: $343,028Expenses 2015: $347,233Net Income 2015: -$4,2052015Revenue 2016: $409,646Expenses 2016: $368,411Net Income 2016: $41,2352016Revenue 2017: $311,845Expenses 2017: $318,332Net Income 2017: -$6,4872017Revenue 2018: $269,846Expenses 2018: $329,009Net Income 2018: -$59,1632018Revenue 2019: $515,065Expenses 2019: $412,348Net Income 2019: $102,7172019Revenue 2020: $540,912Expenses 2020: $440,024Net Income 2020: $100,8882020Revenue 2021: $204,664Expenses 2021: $242,014Net Income 2021: -$37,3502021

Highlighted filing

2015

Revenue$343,028
Expenses$347,233
Net Income-$4,205
Jump To
Filing Snapshot
Filing Period
Jan 1, 2015 to Dec 31, 2015
Signed
Jul 25, 2016
Return Version
2015v2.1
Gross Receipts
$371,758
Mission and Program Overview

Mission

To increase adult literacy by providing leadership, creating awareness, and offering quality instructional services.

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$126,425$92,159▼ $34,266
Cash and Non-Interest-Bearing Accounts$12,542$36,632▲ $24,090
Pledges and Grants Receivable$30,385$32,266▲ $1,881
Prepaid Expenses and Deferred Charges$5,894$10,315▲ $4,421
Land, Buildings, and Equipment, Net$5,707$5,350▼ $357
Total Assets$189,906$185,337▼ $4,569
Other Assets Total$8,953$8,615▼ $338
Liabilities
Accounts Payable and Accrued Expenses$3,218$2,854▼ $364
Total Liabilities$3,218$2,854▼ $364
Net Assets / Fund Balance
Unrestricted Net Assets$145,633$141,898▼ $3,735
Temporarily Rstr Net Assets$33,905$33,435▼ $470
Permanently Rstr Net Assets$7,150$7,150→ $0
Total Net Assets Fund Balance$186,688$182,483▼ $4,205
Total Liabilities and Net Assets / Fund Balance$189,906$185,337▼ $4,569

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$5,350$7,918$13,268

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2015$8,953-▼ $167-$8,615
2014$8,888-▲ $212-$8,953
2013$8,589$100▲ $1,151$-852$8,888
2012$7,739-▲ $950-$8,589
2011$8,183-▲ $344-$7,739
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Pam WallExecutive DiFT$30,976$30,976

Board Members and Trustees

Revenue and Support

Revenue Composition

Contributions and Grants
$298,131
Program Service Revenue
$0
Investment Income
$14
Other Revenue
$44,883
All Other Contributions
$255,760
Change in Net Assets
$-4,205

Audited Revenue Reconciliation

Revenue per Audited Statements
$343,028
Total Revenue per Audited Statements
$343,028
Total Revenue per Form 990
$343,028
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$242,384
Other Expenses$104,849
Total Fundraising Expense$51,664
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$167,009$22,268$33,402$222,679
Occupancy$33,014$4,402$6,603$44,019
Other Employee Benefits$13,541$1,806$2,708$18,055
Fees for Services Other$4,383$8,766$4,383$17,532
Office Expenses$4,432$1,990$1,122$7,544
Insurance$4,496$899$599$5,994
Advertising$3,397$679$453$4,529
Other Expenses$2,408$198$228$2,834
Depreciation Depletion$763$953$191$1,907
All Other Expenses$1,028$705$151$1,884
Payroll Taxes$1,237$248$165$1,650
Conferences and Meetings$546$109$73$728
Total Functional Expenses$251,489$44,080$51,664$347,233

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$347,233
Total Expenses per Audited Statements$347,233
Total Expenses per Form 990$347,233
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$73,613
Fundraising Direct Expenses$28,730
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Cooks and Books$64,005$62,705$21,937$40,768
Jazz Brunch$8,005$8,005$6,793$1,212
Total Events$72,010$70,710$28,730$41,980
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
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 finance committee, the executive director, and the board of directors review the 990. All board members receive a copy.

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

The conflict of interest policy requires board members to sign and acknowledge the policy annually.

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

The board of directors complies with an executive director's evaluation policy, which requires an annual written evaluation of the executive director, using previously agreed upon performance measures, and a compensation review. All members of the board are asked to participate in the evaluation, which is coordinated by the executive committee. Before the evaluation is discussed with the executive director, the executive committee reviews the evaluation and approves the compensation package. Periodically, the board reviews the executive director's compensation for appropriateness in light of external compensation data obtained from the south carolina association of non-profit organizations.

Form 990, Page 6, Part VI, Line 19

Form 990 is sent annually to the south carolina secretary of state, and is available on the secretary's website. It is also sent to the united way of the lowcountry. The conflict of interest policy and other information about governing practices are posted on guidestar. Audited financial statements and government documents are available for inspection upon request.

Filing and Contact Details

Filer

Filer Name
The Literacy Center
EIN
57-0727884
Phone
8438156616
Address
PO BOX 3725, BLUFFTON, SC 29910

Signing Officer

Name
Pam Wall
Title
Executive Director
Phone
8438156616
Signed
2016-07-25
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Pam Wall
Formed
1973
Legal Domicile
Sc
Voting Board Members
10
Independent Board Members
10
Employees
19
Volunteers
200

Preparer

Firm
Carey & Company Pa
Address
70 MAIN STREET SUITE 100, HILTON HEAD ISLAND, SC 29926
Preparer
Patrick P Carey Jr CPA
Phone
8436814430
Supplemental Narrative

Additional Explanations

Form 990

In 2014, the organization changed its name from literacy volunteers

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IRS990/SavingsAndTempCashInvstGrp/BOYAmt0126425
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IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt0PROGRAM SERVICE REVENUE 144,788 REFUND UNSPENT GRANT -606
IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc0PART II, LINE 10
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IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus4YearsAmt017421
IRS990ScheduleA/OtherIncome170Grp/TotalAmt0144182
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IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt0276581
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IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt01489895
IRS990ScheduleA/TotalSupportAmt01636854
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IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
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IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/AdministrativeExpensesAmt0-100
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IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt01151
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IRS990ScheduleD/EquipmentGrp/DepreciationAmt07918
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt013268
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IRS990ScheduleG/FundraisingEventInformationGrp/Event1Nm0COOKS AND BOOKS
IRS990ScheduleG/FundraisingEventInformationGrp/Event2Nm0JAZZ BRUNCH
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0IN 2014, THE ORGANIZATION CHANGED ITS NAME FROM LITERACY VOLUNTEERS
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE FINANCE COMMITTEE, THE EXECUTIVE DIRECTOR, AND THE BOARD OF DIRECTORS REVIEW THE 990. ALL BOARD MEMBERS RECEIVE A COPY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE CONFLICT OF INTEREST POLICY REQUIRES BOARD MEMBERS TO SIGN AND ACKNOWLEDGE THE POLICY ANNUALLY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE BOARD OF DIRECTORS COMPLIES WITH AN EXECUTIVE DIRECTOR'S EVALUATION POLICY, WHICH REQUIRES AN ANNUAL WRITTEN EVALUATION OF THE EXECUTIVE DIRECTOR, USING PREVIOUSLY AGREED UPON PERFORMANCE MEASURES, AND A COMPENSATION REVIEW. ALL MEMBERS OF THE BOARD ARE ASKED TO PARTICIPATE IN THE EVALUATION, WHICH IS COORDINATED BY THE EXECUTIVE COMMITTEE. BEFORE THE EVALUATION IS DISCUSSED WITH THE EXECUTIVE DIRECTOR, THE EXECUTIVE COMMITTEE REVIEWS THE EVALUATION AND APPROVES THE COMPENSATION PACKAGE. PERIODICALLY, THE BOARD REVIEWS THE EXECUTIVE DIRECTOR'S COMPENSATION FOR APPROPRIATENESS IN LIGHT OF EXTERNAL COMPENSATION DATA OBTAINED FROM THE SOUTH CAROLINA ASSOCIATION OF NON-PROFIT ORGANIZATIONS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4FORM 990 IS SENT ANNUALLY TO THE SOUTH CAROLINA SECRETARY OF STATE, AND IS AVAILABLE ON THE SECRETARY'S WEBSITE. IT IS ALSO SENT TO THE UNITED WAY OF THE LOWCOUNTRY. THE CONFLICT OF INTEREST POLICY AND OTHER INFORMATION ABOUT GOVERNING PRACTICES ARE POSTED ON GUIDESTAR. AUDITED FINANCIAL STATEMENTS AND GOVERNMENT DOCUMENTS ARE AVAILABLE FOR INSPECTION UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 15A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PAGE 6, PART VI, LINE 19
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false

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