Ethos Literacy
- Assets
- $85.2k
- Revenue
- $234.2k
- Investments
- $0.0
- Employees
- 5
- Location
- Albuquerque, NM
- Founding
- 09/2007
- Data as of
- 06/2023
- EIN
- 41-2235848
Organization Overview
Ethos Literacy, operating under the name Reading Works, is located in Albuquerque, NM. The organization was established in 2007. 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, Reading Works employed 5 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Reading Works 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, Reading Works generated $234.2k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 5.4% each year. All expenses for the organization totaled $233.8k during the year ending 06/2023. While expenses have increased by 9.7% 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
OUR MISSION IS TO PROVIDE FREE LITERACY INSTRUCTION TO ADULTS WHO WANT TO SECURE A BETTER FUTURE FOR THEMSELVES, THEIR CHILDREN AND THEIR COMMUNITY BY LEARNING TO READ, WRITE AND SPEAK ENGLISH.
Describe the Organization's Program Activity:
Part 3 - Line 4a
LITERACY AND LANGUAGE TUTORING: ONE-ON-ONE AND FOUNDATIONAL SKILLS SMALL GROUP CLASSES. PROVIDED FREE SERVICES TO 148 INDIVIDUALS. TOTAL HOURS OF TUTOR-STUDENT-ENGAGEMENT: 6,800. STUDENT ACHIEVEMENTS. IMPROVED ENGLISH PROFICIENCY: 82%; ATTAINED EMPLOYABILITY SKILLS: 82%; IMPROVED READING & WRITING SKILLS: 73%; IMPROVED ENGLISH SPEAKING SKILLS: 62%.
NEW WORDS - LITERARY ARTS PROJECT. PUBLICATION OF NEWSPAPER OF STUDENTS WRITING (PHYSICAL AND DIGITAL). PUBLIC READING OF STUDENT WRITINGS. PROJECT GOALS ARE (1) TO TEACH ENGLISH WRITING SKILLS; (2) TO GIVE LOW LITERATE ADULTS AND IMMIGRANTS NEW WAYS TO EXPRESS THEMSELVES; (3) TO SHOWCASE WRITING BY AN OVERLOOKED POPULATION; (4) TO MAKE OUR COMMUNITY MORE INCLUSIVE.
SUPPORTING ADULT LITERACY PROGRAMS. IN PARTNERSHIP WITH NEW MEXICO'S DEPARTMENT OF HIGHER EDUCATION, ETHOS LITERACY PROVIDED GRANTS TO TWO COMMUNITY-BASED LITERACY PROGRAMS: READ WRITE ADULT LITERACY IN MORIARTY, NM, AND ARTESIA LITERACY COUNCIL IN ARTESIA, NM.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Rosa Estrada Director | Trustee | 1 | $0 |
Reema Nandy Director | Trustee | 1 | $0 |
Margaret Barker Trustee/dire | Officer | 20 | $0 |
Chris Jacobsen Treasurer | Officer | 10 | $0 |
Vicki Wheatley President | Officer | 5 | $0 |
Esodie Geiger Executive Di | Officer | 40 | $62,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $2,140 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $187,403 |
| All other contributions, gifts, grants, and similar amounts not included above | $38,289 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $227,832 |
| Total Program Service Revenue | $0 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $6,417 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $234,249 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $20,000 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $135,915 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $18,625 |
| Payroll taxes | $10,644 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $4,302 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $15,251 |
| Advertising and promotion | $0 |
| Office expenses | $2,844 |
| Information technology | $928 |
| Royalties | $0 |
| Occupancy | $12,788 |
| Travel | $1,295 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $850 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $2,898 |
| All other expenses | $0 |
| Total functional expenses | $233,803 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $84,335 |
| 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 | $900 |
| Total assets | $85,235 |
| 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 | $2,469 |
| Total liabilities | $2,469 |
| Net assets without donor restrictions | $82,766 |
| 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 | $85,235 |
Grants Awarded
Over the last fiscal year, Ethos Literacy has awarded $20,000 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
READ WRITE ADULT LITERACY PROGRAM PURPOSE: ADULT LITERACY | $10,000 |
ARTESIA LITERACY COUNCIL PURPOSE: ADULT LITERACY | $10,000 |