Literacy Volunteers Of Somerset County Inc
- Assets
- $210.9k
- Revenue
- $164.0k
- Investments
- $0.0
- Employees
- 2
- Location
- Bridgewater, NJ
- Founding
- 12/2003
- Data as of
- 06/2022
- EIN
- 22-2999900
Organization Overview
Literacy Volunteers Of Somerset County Inc is located in Bridgewater, NJ. The organization was established in 2003. According to its NTEE Classification (P60) the organization is classified as: Emergency Assistance, under the broad grouping of Human Services and related organizations. As of 06/2022, Literacy Volunteers Of Somerset County Inc employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Literacy Volunteers Of Somerset County 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 Volunteers Of Somerset County Inc generated $164.0k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 7.5% each year. All expenses for the organization totaled $158.5k during the year ending 06/2022. While expenses have increased by 3.4% per year over the past 7 years. They've been increasing with an increasing level of total revenue. 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
TO PROMOTE LITERACY THROUGHOUT THE COMMUNITY BY PROVIDING STUDENT-CENTERED TUTORING AND LITERACY PROGRAMS FOR ADULTS SO THAT THEY MAY FUNCTION MORE EFFECTIVELY IN THEIR DAILY LIVES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
LVSC RECRUITS AND TRAINS VOLUNTEERS IN THE FUNDAMENTALS OF LITERACY AND PROVIDES THEM WITH ONGOING SKILLS AND SUPPORT PROGRAMS. LVSC CREATES TUTOR-STUDENT MATCHES AND HELPS TO ESTABLISH REALISTICE LEARNING GOALS.DURING THE COVID-19 PANDEMIC, LVSC BEGAN TRAINING VOLUNTEERS VIRTUALLY ON ZOOM. ALL TUTORING WAS CONDUCTED REMOTELY BY VIDEO CHAT, EMAIL, AND PHONE. IN ADDITION TO THE ONE-TO-ONE TUTORING PROGRAM, SERVICES HAD EXPANDED TO INCLUDE ENGLISH CONVERSATION GROUPS, AND U.S. CITIZENSHIP PREPARATION CLASSES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Aimee Lam Executive Director | Officer | 35 | $79,000 |
Felice Armenio President | Trustee | 2 | $0 |
Mary Curtis Horowitz Trustee | Trustee | 1 | $0 |
Rev Louis Mattina Trustee | Trustee | 1 | $0 |
Walter Young Trustee | Trustee | 1 | $0 |
Hector A Herrera Trustee | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $9,595 |
| Related organizations | $0 |
| Government grants | $50,000 |
| All other contributions, gifts, grants, and similar amounts not included above | $104,247 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $163,842 |
| Total Program Service Revenue | $0 |
| Investment income | $137 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $163,979 |
| 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. | $79,000 |
| Compensation of current officers, directors, key employees. | $10,000 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $31,039 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $11,836 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $925 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $4,314 |
| Advertising and promotion | $4,342 |
| Office expenses | $4,372 |
| Information technology | $3,136 |
| Royalties | $0 |
| Occupancy | $7,337 |
| Travel | $0 |
| 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 | $0 |
| Insurance | $2,115 |
| All other expenses | $1,068 |
| Total functional expenses | $158,530 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $210,212 |
| Savings and temporary cash investments | $0 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $661 |
| Total assets | $210,873 |
| Accounts payable and accrued expenses | $0 |
| 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 | $23,427 |
| Total liabilities | $23,427 |
| Net assets without donor restrictions | $187,446 |
| 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 | $210,873 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Literacy Volunteers Of Somerset County Inc has recieved totaling $5,000.
| Awarding Organization | Amount |
|---|---|
Provident Bank Foundation Inc Iselin, NJ PURPOSE: GENERAL OPERATING SUPPORT | $5,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Operation Warm Inc Glen Mills, PA | $9,867,114 | $38,820,959 |
Good Plus Foundation Inc New York, NY | $6,013,741 | $13,844,054 |
Bucks County Opportunity Council Inc Doylestown, PA | $4,467,309 | $12,553,071 |
Water Street Ministries Lancaster, PA | $27,847,945 | $13,681,131 |
Center For Food Action In New Jersey Englewood, NJ | $5,813,047 | $11,348,848 |
Light Of Life Ministries Inc Pittsburgh, PA | $24,514,350 | $12,091,518 |
Real Alternatives Harrisburg, PA | $3,218,782 | $7,572,282 |
Rescue Mission Of Trenton Trenton, NJ | $15,440,834 | $6,507,086 |
Old Order Amish Helping Program Elizabethville, PA | $294,169,877 | $7,401,236 |
Peoples Emergency Center Philadelphia, PA | $15,414,180 | $6,602,781 |
Afya Foundation Inc Yonkers, NY | $5,777,434 | $5,238,210 |
Weaverland Financial Aid Lititz, PA | $214,771,821 | $5,826,105 |