Childrens Literacy Initiative
- Assets
- $12.7m
- Revenue
- $23.5m
- Investments
- $0.0
- Employees
- 262
- Location
- Philadelphia, PA
- Founding
- 09/1988
- Data as of
- 06/2022
- EIN
- 23-2515768
Organization Overview
Childrens Literacy Initiative is located in Philadelphia, PA. The organization was established in 1988. According to its NTEE Classification (B92) the organization is classified as: Remedial Reading & Encouragement, under the broad grouping of Education and related organizations. As of 06/2022, Childrens Literacy Initiative employed 262 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Childrens Literacy Initiative 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, Childrens Literacy Initiative generated $23.5m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 7.2% each year. All expenses for the organization totaled $21.7m during the year ending 06/2022. While expenses have increased by 7.7% 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
SEE SCHEDULE O FOR THE ORGANIZATION'S MISSION STATEMENT.CHILDREN'S LITERACY INITIATIVE ("CLI") IS A NON-PROFIT THAT SEEKS TO DISMANTLE STRUCTURAL RACISM BY PROVIDING BLACK AND LATINX CHILDREN THE ANTI-RACIST INSTRUCTION, SUPPORT AND ADVOCACY NEEDED TO CREATE EQUITY IN EDUCATION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
CHILDREN'S LITERACY INITIATIVE FOCUSES ON SOLVING THE EQUITY AND OPPORTUNITY GAP IN EARLY LITERACY FOR PRE-K TO 5TH GRADE CHILDREN. CLI PROVIDED WORKSHOPS, IN-PERSON AND VIRTUAL COACHING, AND HIGH QUALITY CHILDREN'S BOOKS TO APPROXIMATELY 3,200 EDUCATORS AND 57,500 STUDENTS IN SIX STATES. CLI CONSISTENTLY RECEIVES FOUR-STAR RATINGS FROM CHARITY NAVIGATOR. IN ADDITION TO $12.5M IN FEE-FOR-SERVICE REVENUE, CLI RECEIVED BOTH PHILANTHROPIC AND FEDERAL FUNDING, BRINGING TOTAL REVENUE TO $23.5M. WITH 5.5% OF EXPENSES GOING TOWARDS FUNDRAISING AND 11.3% TOWARDS MANAGEMENT AND GENERAL EXPENSES, CLI IS ABLE TO DIRECT 83.2% TOWARDS PROGRAM SERVICES.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Joel Zarrow Member/ceo (thru 06/03/22) | OfficerTrustee | 40 | $254,149 |
Frank Grossman Chief Academic Officer | 40 | $224,804 | |
Reina Prowler Interim Ceo/cfo | Officer | 40 | $222,999 |
Naimah Bilal Chief Development Officer | Officer | 40 | $213,747 |
Jill Valunas Regional Executive Director | 40 | $194,108 | |
Caryn Henning Director Of Professional Development | 40 | $177,683 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Rainbow Educational Concepts Inc Spanish Curriculum Consulting | 6/29/22 | $207,027 |
Research For Action Assessment Consultants | 6/29/22 | $217,142 |
It Data Inc Technology Hardware And It Support Servi | 6/29/22 | $114,750 |
Matlen Silver Group Inc It Design Support | 6/29/22 | $322,349 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $7,784,203 |
| All other contributions, gifts, grants, and similar amounts not included above | $3,160,118 |
| Noncash contributions included in lines 1a–1f | $50,545 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $10,944,321 |
| Total Program Service Revenue | $12,492,125 |
| Investment income | $4,618 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$18 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $23,482,636 |
| 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. | $785,864 |
| Compensation of current officers, directors, key employees. | $107,884 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $13,579,190 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $1,885,362 |
| Payroll taxes | $1,079,988 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $7,723 |
| Fees for services: Accounting | $76,929 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $1,314,501 |
| Advertising and promotion | $59,586 |
| Office expenses | $342,188 |
| Information technology | $761,549 |
| Royalties | $0 |
| Occupancy | $536,455 |
| Travel | $103,542 |
| 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 | $64,208 |
| Insurance | $180,698 |
| All other expenses | $0 |
| Total functional expenses | $21,733,124 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $900 |
| Savings and temporary cash investments | $8,434,105 |
| Pledges and grants receivable | $903,619 |
| Accounts receivable, net | $1,709,462 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $167,850 |
| Prepaid expenses and deferred charges | $106,012 |
| Net Land, buildings, and equipment | $175,559 |
| Investments—publicly traded securities | $1,247,716 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $12,745,223 |
| Accounts payable and accrued expenses | $2,477,520 |
| Grants payable | $0 |
| Deferred revenue | $457,938 |
| 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 | $96,847 |
| Total liabilities | $3,032,305 |
| Net assets without donor restrictions | $8,609,978 |
| Net assets with donor restrictions | $1,102,940 |
| 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 | $12,745,223 |
Grants Recieved
Over the last fiscal year, we have identified 30 grants that Childrens Literacy Initiative has recieved totaling $1,376,036.
| Awarding Organization | Amount |
|---|---|
Barra Foundation Inc Philadelphia, PA PURPOSE: RECOVERY AND RESPONSE GRANT | $300,000 |
New Profit Inc Boston, MA PURPOSE: PROGRAM EXPANSION | $300,000 |
Pts Foundation Plymouth Meeting, PA PURPOSE: TO SUPPORT THE ORGANIZATION AND ITS PROGRAMS | $100,000 |
Jim Moran Foundation Inc Deerfield Beach, FL PURPOSE: CHILDRENS LITERACY INITIATIVES EARLY LITERACY PARTNERSHIP EXPANSION IN BROWARD COUNTY PUBLIC SCHOOLS & CLI'S 2021-22 EARLY LITERACY PARTNERSHIP IN BROWARD COUNTY PUBLIC SCHOOLS | $90,000 |
Barra Foundation Inc Philadelphia, PA PURPOSE: RECOVERY AND RESPONSE GRANT | $65,000 |
Stranahan Foundation Toledo, OH PURPOSE: EXPANSION | $63,328 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Childrens Literacy Initiative Philadelphia, PA | $12,745,223 | $23,482,636 |
Proliteracy Worldwide Syracuse, NY | $17,604,255 | $13,411,984 |
Civic Works Inc Baltimore, MD | $12,483,552 | $12,764,474 |
Urban Youth Alliance International Inc Bronx, NY | $4,354,975 | $6,995,942 |
Kids Read Now Troy, OH | $1,305,520 | $4,930,805 |
Literacy Inc New York, NY | $4,595,330 | $3,899,705 |
Read Alliance Inc New York, NY | $3,368,825 | $3,674,607 |
Nj Leep Inc Newark, NJ | $3,780,662 | $2,866,137 |
Reading Recovery Council Of North America Worthington, OH | $1,777,303 | $1,197,918 |
We Need Diverse Books Bethesda, MD | $1,284,821 | $1,729,399 |
Reach Out And Read Of Greater New York Inc New York, NY | $1,043,771 | $1,407,811 |
Reading Is Fundamental Pittsburg Pittsburgh, PA | $3,385,621 | $940,540 |