Literacy Network Inc

Organization Overview

Literacy Network Inc is located in Madison, WI. The organization was established in 1976. 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. Literacy Network 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 12/2021, Literacy Network Inc generated $2.0m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 3.4% each year. All expenses for the organization totaled $1.3m during the year ending 12/2021. While expenses have increased by 9.5% 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.

Mission & Program ActivityExcerpts From the 990T Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

LITERACY NETWORK HELPS ADULTS IN DANE COUNTY BUILD SKILLS, REACH GOALS, AND CONNECT COMMUNITIES.

Describe the Organization's Program Activity:

ENGLISH AS SECOND LANGUAGE SERVICES (ESL)-- LITERACY NETWORK PROVIDES DANE COUNTY ADULTS WITH ENGLISH AS A SECOND LANGUAGE GAIN CITIZENSHIP AND IMPROVE READING, WRITING, COMMUNICATION, AND COMPUTER SKILLS IN PARTNERSHIP WITH BUSINESSES, LIBRARIES, HOSPITALS, CLINICS, SCHOOLS, AND SOCIAL SERVICE AGENCIES TO ACHIEVE FINANCIAL SECURITY, WELL-BEING, AND DEEPER ENGAGEMENT WITH THEIR FAMILIES AND COMMUNITIES.


ADULT BASED EDUCATION SERVICES--LITERACY NETWORK PROVIDES DANE COUNTY ADULTS WITH ENGLISH AS THEIR NATIVE LANGUAGE OBTAIN THEIR GED AND ENHANCE READING, WRITING, COMMUNICATION, AND COMPUTER SKILLS.


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Board, Officers & Key Employees

Name (title)Compensation
Jeffrey Burkhart
Executive Director
$96,488
Tana Elias
Vice President
$0
Nicole Cuellar
President
$0
Megan Heneke
Secretary
$0
Janet Berger
Treasurer
$0
Summer Rector
Vice President (thru May)
$0

Financial Statements

Statement of Revenue
Federated campaigns$211,940
Membership dues$0
Fundraising events$59,734
Related organizations$0
Government grants $661,362
All other contributions, gifts, grants, and similar amounts not included above$971,231
Noncash contributions included in lines 1a–1f $15,084
Total Revenue from Contributions, Gifts, Grants & Similar$1,904,267
Total Program Service Revenue$12,746
Investment income $49,379
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $21,272
Net Gain/Loss on Asset Sales $22,315
Net Income from Fundraising Events -$8,634
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $2,002,520

Grants Recieved

Over the last fiscal year, we have identified 2 grants that Literacy Network Inc has recieved totaling $28,000.

Awarding OrganizationAmount
Irving And Dorothy Levy Family Foundation Inc

Madison, WI

PURPOSE: CIVIC AND COMMUNITY SERVICE

$25,000
The Jack And Arlene Schumann Foundation Inc

Fall River, WI

PURPOSE: CHARITABLE GIVING

$3,000
View Grant Recipient Profile

Endowment Analysis

Beg. Balance$838,347
Earnings$119,345
Admin Expense$7,569
Net Contributions$211,000
Other Expense$4,074
Ending Balance$1,157,049

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