Literacy New York Inc
- Assets
- $584.6k
- Revenue
- $898.4k
- Investments
- $0.0
- Employees
- 9
- Location
- Cheektowaga, NY
- Founding
- 09/1977
- Data as of
- 06/2022
- EIN
- 16-6171654
Organization Overview
Literacy New York Inc is located in Cheektowaga, NY. The organization was established in 1977. According to its NTEE Classification (B60) the organization is classified as: Adult Education, under the broad grouping of Education and related organizations. As of 06/2022, Literacy New York Inc employed 9 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Literacy New York Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 06/2022, Literacy New York Inc generated $898.4k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 0.6% each year. All expenses for the organization totaled $886.7k during the year ending 06/2022. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
LEADS AND SUPPORTS ADULT LITERACY INITIATIVES THROUGH ENHANCING THE CAPACITY OF PROVIDERS, ENGAGING VOLUNTEERS IN SERVICE, CREATING PUBLIC AWARENESS AND BUILDING MORE LITERATE COMMUNITIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO SUPPORT COMMUNITY BASED EFFORTS TO ENABLE ADULTS TO GAIN LITERACY SKILLS NEEDED TO REACH THEIR FULL POTENTIAL AS INDIVIDUALS, PARENTS, WORKERS, AND CITIZENS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kathy Houghton Executive Director | Officer | 40 | $88,300 |
Mary Ellen Darling V.P. | OfficerTrustee | 2 | $0 |
Debbie Mickle Secretary | OfficerTrustee | 2 | $0 |
M Cecilia Brock President | OfficerTrustee | 3 | $0 |
Marsha Tait Treasurer | OfficerTrustee | 1 | $0 |
John Eberle Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $843,542 |
| All other contributions, gifts, grants, and similar amounts not included above | $12,241 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $855,783 |
| Total Program Service Revenue | $40,841 |
| Investment income | $48 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $83 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $898,413 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $88,300 |
| Compensation of current officers, directors, key employees. | $17,660 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $245,673 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $153,903 |
| Payroll taxes | $38,973 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $125 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $47,537 |
| Travel | $23,643 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $5,244 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $10,882 |
| Insurance | $3,850 |
| All other expenses | $32,692 |
| Total functional expenses | $886,671 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $351,204 |
| Pledges and grants receivable | $203,449 |
| Accounts receivable, net | $3,630 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $3,577 |
| Net Land, buildings, and equipment | $17,879 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $4,850 |
| Total assets | $584,589 |
| Accounts payable and accrued expenses | $65,223 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $65,223 |
| Net assets without donor restrictions | $519,366 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $584,589 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Literacy New York Inc has recieved totaling $7,217.
| Awarding Organization | Amount |
|---|---|
The United Way Of Greater Niagara Inc Sanborn, NY PURPOSE: COMMUNITY SERVICE | $7,200 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $17 |
Endowment Analysis
| Beg. Balance | $34,404 |
| Earnings | $18 |
| Net Contributions | $7,002 |
| Other Expense | $1,000 |
| Ending Balance | $40,424 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Practising Law Institute New York, NY | $169,437,578 | $109,173,484 |
Bellwether Education Partners Inc Sudbury, MA | $12,819,060 | $18,147,451 |
Workforce Development Institute Inc Albany, NY | $2,796,326 | $10,204,057 |
Vhs Inc Maynard, MA | $2,159,485 | $7,029,751 |
United For Respect Education Fund Brooklyn, NY | $7,552,270 | $7,410,651 |
1st Street Foundation Inc Brooklyn, NY | $4,623,074 | $8,726,760 |
More Than Words Inc Boston, MA | $15,091,779 | $6,459,719 |
Local Union 164 Electrical Joint Apprenticeship And Training Trust Paramus, NJ | $19,017,559 | $4,299,279 |
Leading Edge Alliance Inc New York, NY | $10,397,327 | $8,264,467 |
Vermont Adult Learning Inc Waitsfield, VT | $1,289,780 | $4,391,996 |
Connecticut Center For Arts & Technology Inc New Haven, CT | $3,075,426 | $11,576,748 |
Chronic Liver Disease Foundation Inc Clark, NJ | $1,027,147 | $3,658,520 |