International Literacy Association
- Assets
- $6.7m
- Revenue
- $4.1m
- Investments
- $339.4k
- Employees
- 23
- Location
- Newark, DE
- Founding
- 01/2016
- Data as of
- 06/2021
- EIN
- 46-3994293
Organization Overview
International Literacy Association is located in Newark, DE. The organization was established in 2016. According to its NTEE Classification (B03) the organization is classified as: Professional Societies & Associations, under the broad grouping of Education and related organizations. As of 06/2022, International Literacy Association employed 23 individuals. This organization is a parent organization of an affiliated group for tax-exemption purposes. International Literacy Association 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 06/2021, International Literacy Association generated $4.1m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (8.6%) each year. All expenses for the organization totaled $4.0m during the year ending 06/2021. As we would expect to see with falling revenues, expenses have declined by (13.1%) per year over the past 5 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
CONNECT RESEARCH AND PRACTICE TO IMPROVE THE QUALITY OF LITERACY LEARNING ACROSS THE GLOBE IN WAYS THAT ARE RESPECTFUL, RESPONSIVE, AND ETHICAL. ILA ADVOCATES FOR EQUITABLE ACCESS TO LITERACIES AMONG INDIVIDUALS OF ALL AGES AND DIVERSE COMMUNITIES AS A BASIC HUMAN RIGHT AND A MATTER OF SOCIAL JUSTICE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
MEETINGS AND EVENTS - A PRIMARY MEANS BY WHICH THE ASSOCIATION PROVIDES HIGH QUALITY PROFESSIONAL DEVELOPMENT FOR EDUCATORS.
CONSTITUENT SERVICES - PROFESSIONAL MEMBERSHIP SERVICES INCLUDING A QUARTERLY MEMBER MAGAZINE REPORTING LATEST TRENDS IN LITERACY AND EASY-TO-IMPLEMENT CLASSROOM STRATEGIES.
EDUCATION AND RESEARCH - THE PRODUCTION OF WIDELY RECOGNIZED RESEARCH BASED JOURNALS WITH CUTTING-EDGE, CLASSROOM-TESTED LITERACY TEACHING STRATEGIES.
OTHER PROGRAM SERVICES CONSISTS OF OTHER PROFESSIONAL DEVELOPMENT PROGRAMS DESIGNED TO BENEFIT ILA MEMBERS AND THE PUBLIC AT LARGE. ADDITIONALLY, OTHER PROGRAM SERVICE REVENUE INCLUDES $731,979 FROM THE REDUCTION OF A LOSS CONTINGENCY. DURING THE YEAR ENDED JUNE 30, 2021, ILA ACCRUED HOTEL CANCELLATION FEES INCURRED IN RELATION TO THE CANCELLATION OF THE IN-PERSON CONFERENCE. DURING THE YEAR ENDED JUNE 30, 2022, $731,979 OF THIS ACCRUED LIABILITY WAS REVERSED, IN ACCORDANCE WITH U.S. GAAP FOR LOSS CONTINGENCIES.
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 |
|---|---|---|---|
Marcie Craig Post Executive Director Through Jan 2022 | Officer | 35 | $203,404 |
Dan Mangan Director Of Advocacy And Public Policy | 35 | $109,266 | |
Deborah Harris Director Of Finance | Officer | 35 | $105,259 |
Nicola Wedderburn Interim Executive Director | Officer | 35 | $89,771 |
Robert J Tierney President | OfficerTrustee | 10 | $0 |
Stephen G Peters Immediate Past President | OfficerTrustee | 10 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
John Wiley & Sons Inc Journals Publisher | 6/29/22 | $179,356 |
Gpx Communications Llc Network Management & Technical Support | 6/29/22 | $196,582 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $509,377 |
| Investment income | $84,050 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $235,002 |
| Net Rental Income | $175,030 |
| Net Gain/Loss on Asset Sales | $1,659,452 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $4,808 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $4,057,969 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic individuals. | $26,250 |
| Grants and other assistance to Foreign Orgs/Individuals | $29,000 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $339,758 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,466,861 |
| Pension plan accruals and contributions | $37,425 |
| Other employee benefits | $179,124 |
| Payroll taxes | $127,333 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $29,974 |
| Fees for services: Accounting | $76,940 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $22,185 |
| Fees for services: Other | $0 |
| Advertising and promotion | $110,664 |
| Office expenses | $7,267 |
| Information technology | $454,883 |
| Royalties | $0 |
| Occupancy | $168,616 |
| Travel | $3,065 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $346,771 |
| Interest | $21,322 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $81,029 |
| Insurance | $31,738 |
| All other expenses | $0 |
| Total functional expenses | $3,985,999 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $111,561 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $21,000 |
| Accounts receivable, net | $37,473 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $2,299 |
| Prepaid expenses and deferred charges | $24,014 |
| Investments—publicly traded securities | $5,957,758 |
| Investments—other securities | $339,377 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $117,395 |
| Total assets | $6,658,343 |
| Accounts payable and accrued expenses | $1,102,095 |
| Grants payable | $0 |
| Deferred revenue | $694,365 |
| 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 | $671,862 |
| Other liabilities | $181,848 |
| Total liabilities | $2,650,170 |
| Net assets without donor restrictions | $0 |
| 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 |
| Total liabilities and net assets/fund balances | $4,008,173 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that International Literacy Association has recieved totaling $99.
| Awarding Organization | Amount |
|---|---|
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $99 |
Endowment Analysis
| Beg. Balance | $6,297,135 |
| Earnings | -$457,732 |
| Admin Expense | $21,479 |
| Net Contributions | $21,000 |
| Other Expense | $1,036,630 |
| Grants | $10,000 |
| Ending Balance | $4,792,294 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Society Of Hospital Medicine Philadelphia, PA | $18,912,774 | $11,282,806 |
Pennsylvania School Boards Association Inc Mechanicsburg, PA | $12,806,871 | $8,442,070 |
Foundation For Educational Administration Monroe Twp, NJ | $7,493,691 | $6,007,495 |
National Association Of Colleges And Employers Bethlehem, PA | $16,581,342 | $8,504,625 |
Delaware State Education Association Dover, DE | $9,815,225 | $5,886,540 |
International Literacy Association Newark, DE | $6,658,343 | $4,057,969 |
Montgomery County Education Association Inc Rockville, MD | $7,023,069 | $3,822,230 |
Institute For Portfolio Alternatives Inc Ellicott City, MD | $1,460,479 | $3,534,646 |
Association Of School Business Officials International Harrisburg, PA | $6,658,809 | $3,601,087 |
Caucus Educational Corporation Inc Verona, NJ | $4,412,371 | $3,782,556 |
American Christian School Society Succasunna, NJ | $1,303,766 | $2,012,884 |
International Association Of Arson Investigators Inc Bowie, MD | $2,559,339 | $2,053,385 |