Literacy Volunteers Of Ontario-Yates Inc
- Assets
- $466.0k
- Revenue
- $213.9k
- Investments
- $0.0
- Employees
- 6
- Location
- Canandaigua, NY
- Founding
- 01/2004
- Data as of
- 06/2023
- EIN
- 22-2881397
Organization Overview
Literacy Volunteers Of Ontario-Yates Inc is located in Canandaigua, NY. The organization was established in 2004. According to its NTEE Classification (B60) the organization is classified as: Adult Education, under the broad grouping of Education and related organizations. As of 06/2023, Literacy Volunteers Of Ontario-Yates Inc employed 6 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Literacy Volunteers Of Ontario-Yates 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 06/2023, Literacy Volunteers Of Ontario-Yates Inc generated $213.9k in total revenue. The organization has seen a slow decline revenue. Over the past 8 years, revenues have fallen by an average of (0.9%) each year. All expenses for the organization totaled $167.1k during the year ending 06/2023. As we would expect to see with falling revenues, expenses have declined by (3.5%) per year over the past 8 years. 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE ADULTS IN THE ONTARIO AND YATES COUNTY AREAS WITH THE LITERACY SKILLS NEEDED TO REACH THEIR FULL POTENTIAL AS INDIVIDUALS, PARENTS, WORKERS AND CITIZENS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO PROVIDE LITERACY SERVICES TO INDIVIDUALS IN ONTARIO AND YATES COUNTY, NEW YORK.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ruth Cahn Director | Trustee | 0 | $0 |
Tara Farnan Director | Trustee | 0 | $0 |
Anita M Maroscher Director | Trustee | 0 | $0 |
Audrey Roberson Director | Trustee | 0 | $0 |
Elizabeth Searle Director Of Dev | Trustee | 40 | $0 |
Lisa Hochadel Treasurer | Officer | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $5,667 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $56,523 |
| All other contributions, gifts, grants, and similar amounts not included above | $120,473 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $182,663 |
| Total Program Service Revenue | $2,014 |
| Investment income | $7,296 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $4,742 |
| Net Income from Fundraising Events | $17,158 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $213,873 |
| 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. | $51,061 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $49,109 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $9,476 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $513 |
| Fees for services: Accounting | $1,125 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $2,394 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $2,786 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $21,145 |
| Travel | $886 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,395 |
| Insurance | $3,792 |
| All other expenses | $4,226 |
| Total functional expenses | $167,068 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $78,465 |
| Savings and temporary cash investments | $110,623 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| 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 | $11,454 |
| Net Land, buildings, and equipment | $3,198 |
| Investments—publicly traded securities | $262,242 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1 |
| Total assets | $465,983 |
| Accounts payable and accrued expenses | $951 |
| Grants payable | $0 |
| Deferred revenue | $19,041 |
| 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 | $19,992 |
| Net assets without donor restrictions | $445,991 |
| 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 | $465,983 |