Michigan Literacy Inc
- Assets
- $57.2k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Bay City, MI
- Founding
- 01/2010
- Data as of
- 12/2020
- EIN
- 38-2693026
Organization Overview
Michigan Literacy Inc is located in Bay City, MI. The organization was established in 2010. According to its NTEE Classification (B92) the organization is classified as: Remedial Reading & Encouragement, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Michigan Literacy 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 12/2020, Michigan Literacy Inc generated $65.1k in total revenue. The organization has seen a slow decline revenue. Over the past 6 years, revenues have fallen by an average of (0.3%) each year. All expenses for the organization totaled $61.2k during the year ending 12/2020. As we would expect to see with falling revenues, expenses have declined by (1.0%) per year over the past 6 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2020
Describe the Organization's Program Activity:
Part 3
STIMULATE PUBLIC AWARENESS OF THE PROBLEMS AND SCOPE OF ILLITERACY AND ALSO TO RECRUIT AND TRAIN VOLUNTEER TUTORS AND RECRUIT AND TUTOR UNDEREDUCATED ADULTS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kathy Rayner Director | 30 | $27,008 | |
Marie Rabideau Member | 2 | $0 | |
Daniel Dewaele Treasurer | 2 | $0 | |
Rosemary Golden Secretary | 2 | $0 | |
Tami Sinicki Past President | 2 | $0 | |
Chris Houle Member | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $54,697 |
| Total Program Service Revenue | $0 |
| Membership dues | $8,740 |
| Investment income | $1,708 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | -$66 |
| Other Revenue | $0 |
| Total Revenue | $65,079 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $33,264 |
| Professional fees and other payments to independent contractors | $475 |
| Occupancy, rent, utilities, and maintenance | $13,725 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $13,768 |
| Total expenses | $61,232 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $6,517 |
| Other assets | $0 |
| Total assets | $57,237 |
| Total liabilities | $2,285 |
| Net assets or fund balances | $54,952 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Michigan Literacy Inc has recieved totaling $27,070.
| Awarding Organization | Amount |
|---|---|
United Way Of Bay County Inc Bay City, MI PURPOSE: ADULT LIT/SUMMER TUT | $27,070 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Kids Read Now Troy, OH | $1,305,520 | $4,930,805 |
Communities In Schools Of Michigan Inc Lansing, MI | $5,757,124 | $8,847,770 |
Simon Youth Foundation Inc Indianapolis, IN | $13,534,989 | $1,991,502 |
La Crosse Medical Health Science Consortium Inc La Crosse, WI | $13,920,244 | $1,509,206 |
Reading Recovery Council Of North America Worthington, OH | $1,777,303 | $1,197,918 |
Wisconsin Literacy Inc Madison, WI | $355,424 | $1,313,626 |
Literacy Network Inc Madison, WI | $4,205,047 | $2,002,520 |
School On Wheels Corp Indianapolis, IN | $2,488,592 | $1,690,910 |
Kalamazoo Literacy Council Kalamazoo, MI | $565,019 | $856,187 |
Seedlings Braille Books For Children Livonia, MI | $4,243,634 | $799,029 |
The Literacy Alliance Inc Fort Wayne, IN | $1,049,795 | $1,201,778 |
Cleveland Kids Book Bank Cleveland, OH | $1,160,921 | $589,576 |