Childrens Literacy Initiative
- Assets
- $11.7m
- Revenue
- $12.1m
- Investments
- $0.0
- Employees
- 194
- Location
- Philadelphia, PA
- Founding
- 09/1988
- Data as of
- 06/2023
- 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 06/2023, Childrens Literacy Initiative employed 194 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 06/2023, Childrens Literacy Initiative generated $12.1m in total revenue. The organization has seen a slow decline revenue. Over the past 8 years, revenues have fallen by an average of (2.2%) each year. All expenses for the organization totaled $13.8m during the year ending 06/2023. 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
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 1,400 EDUCATORS AND 16,500 STUDENTS IN SIX STATES. CLI CONSISTENTLY RECEIVES FOUR-STAR RATINGS FROM CHARITY NAVIGATOR. IN ADDITION TO $4.7M IN FEE-FOR-SERVICE REVENUE, CLI RECEIVED BOTH PHILANTHROPIC AND FEDERAL FUNDING, BRINGING TOTAL REVENUE TO $12.2M. WITH 7.2% OF EXPENSES GOING TOWARDS FUNDRAISING AND 11.5% TOWARDS MANAGEMENT AND GENERAL EXPENSES, CLI IS ABLE TO DIRECT 81.3% TOWARDS PROGRAM SERVICES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Sandra Louk Lafeur Chairperson | OfficerTrustee | 0.5 | $0 |
Gerald Mosely Vice-Chair | OfficerTrustee | 0.5 | $0 |
Mary Klein Secretary | OfficerTrustee | 0.5 | $0 |
Victoria Raivitch Treasurer | OfficerTrustee | 0.5 | $0 |
John Bonow Member | Trustee | 0.5 | $0 |
Henri Crockett Member | Trustee | 0.5 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Matlen Silver Group Inc It Design Support | 6/29/22 | $322,349 |
Research For Action Assessment Consultants | 6/29/22 | $217,142 |
It Data Inc Technology Hardware And It Support Servi | 6/29/22 | $114,750 |
Rainbow Educational Concepts Inc Spanish Curriculum Consulting | 6/29/22 | $207,027 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $5,271,271 |
| All other contributions, gifts, grants, and similar amounts not included above | $2,030,266 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $7,301,537 |
| Total Program Service Revenue | $4,735,836 |
| Investment income | $60,816 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $651 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $12,107,105 |
| 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. | $737,178 |
| Compensation of current officers, directors, key employees. | $79,740 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $7,923,609 |
| Pension plan accruals and contributions | $144,244 |
| Other employee benefits | $815,553 |
| Payroll taxes | $893,227 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $63,845 |
| Fees for services: Accounting | $47,506 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $1,250,094 |
| Advertising and promotion | $14,243 |
| Office expenses | $91,998 |
| Information technology | $634,113 |
| Royalties | $0 |
| Occupancy | $510,082 |
| Travel | $215,820 |
| 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 | $48,734 |
| Insurance | $72,630 |
| All other expenses | $0 |
| Total functional expenses | $13,764,477 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $900 |
| Savings and temporary cash investments | $2,883,543 |
| Pledges and grants receivable | $3,895,678 |
| Accounts receivable, net | $1,105,727 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $157,269 |
| Prepaid expenses and deferred charges | $242,193 |
| Net Land, buildings, and equipment | $126,825 |
| Investments—publicly traded securities | $1,380,997 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,910,003 |
| Total assets | $11,703,135 |
| Accounts payable and accrued expenses | $1,392,414 |
| Grants payable | $0 |
| Deferred revenue | $68,163 |
| 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 | $2,045,811 |
| Total liabilities | $3,506,388 |
| Net assets without donor restrictions | $7,869,924 |
| Net assets with donor restrictions | $326,823 |
| 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 | $11,703,135 |