Literacy Chippewa Valley
- Assets
- $292.8k
- Revenue
- $262.8k
- Investments
- $84.2k
- Employees
- 7
- Location
- Eau Claire, WI
- Founding
- 04/2004
- Data as of
- 06/2023
- EIN
- 39-1657040
Organization Overview
Literacy Chippewa Valley is located in Eau Claire, WI. 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 Chippewa Valley employed 7 individuals. This organization is the central organization for a national or regional group of organizations. Literacy Chippewa Valley 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 Chippewa Valley generated $262.8k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (3.9%) each year. All expenses for the organization totaled $292.6k during the year ending 06/2023. As we would expect to see with falling revenues, expenses have declined by (3.8%) per year over the past 7 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
PROVIDE LITERACY PROGRAMS TO HELP ADULTS & THEIR FAMILIES REACH THEIR GOALS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ADULT LITERACY - PROVIDE INSTRUCTION FOR ADULT LEARNERS WHO NEED TO ACQUIRE OR ENHANCE LITERACY SKILLS FOR THE WORKPLACE, HOME OR FAMILY.FAMILY LITERACY - FAMILY LITERACY PROGRAM HELPS PARENTS WITH LITERACY SKILLS (READING, WRITING, SPEAKING, MATH, COMPUTER, HEALTH), AND PARENTING SKILLS WHILE CHILDREN RECEIVE EARLY CHILDHOOD EDUCATION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Macie Nietzel President | OfficerTrustee | 1 | $0 |
Nicole Breed Vice President/secretary | OfficerTrustee | 1 | $0 |
Dan Schierenbeck Treasurer | OfficerTrustee | 1 | $0 |
Richard Coates Director | Trustee | 1 | $0 |
Brooke Hartman Director | Trustee | 1 | $0 |
Allison Shepard Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $21,612 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $207,699 |
| Noncash contributions included in lines 1a–1f | $8,060 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $229,311 |
| Total Program Service Revenue | $36,846 |
| Investment income | $2,404 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$633 |
| Net Income from Fundraising Events | -$2,266 |
| Net Income from Gaming Activities | -$2,866 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $262,796 |
| 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. | $42,696 |
| Compensation of current officers, directors, key employees. | $12,809 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $130,532 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $14,021 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $21,449 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $2,789 |
| Office expenses | $16,951 |
| Information technology | $5,359 |
| Royalties | $0 |
| Occupancy | $34,514 |
| Travel | $2,623 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,765 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $342 |
| Insurance | $3,578 |
| All other expenses | $0 |
| Total functional expenses | $292,603 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $50,217 |
| Savings and temporary cash investments | $145,572 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $9,000 |
| 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 | $3,760 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $84,247 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $292,796 |
| Accounts payable and accrued expenses | $14,201 |
| 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 | $0 |
| Total liabilities | $14,201 |
| Net assets without donor restrictions | $235,262 |
| Net assets with donor restrictions | $43,333 |
| 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 | $292,796 |