Loudoun Literacy Council
- Assets
- $375.9k
- Revenue
- $525.0k
- Investments
- $0.0
- Employees
- 12
- Location
- Potomac Falls, VA
- Founding
- 05/1990
- Data as of
- 06/2022
- EIN
- 52-1227843
Organization Overview
Loudoun Literacy Council is located in Potomac Falls, VA. The organization was established in 1990. According to its NTEE Classification (B60) the organization is classified as: Adult Education, under the broad grouping of Education and related organizations. As of 06/2022, Loudoun Literacy Council employed 12 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Loudoun Literacy Council 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 06/2022, Loudoun Literacy Council generated $525.0k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 13.8% each year . All expenses for the organization totaled $517.8k during the year ending 06/2022. While expenses have increased by 14.8% 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE COUNCIL'S MISSION IS TO TEACH ENGLISH COMMUNICATION SKILLS AND PROVIDE LITERACY RESOURCES TO EMPOWER LOW-INCOME ADULTS AND CHILDREN TO BECOME SELF-SUFFICIENT AND CONFIDENT IN THEIR ABILITY TO ACHIEVE PERSONAL AND PROFESSIONAL GOALS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
FAMILY LITERACY PROGRAM: 1,033 CHILDREN AND THEIR FAMILIES WERE SERVED THROUGH OUR LITERACY PROGRAMS AND EVENTS WITH HEAD START AND STEP AT THE LOUDOUN COUNTY PUBLIC SCHOOLS; SWEET DREAMS PROGRAMS AT THE HOMELESS SHELTERS; NEW AND EXPECTANT PARENTS THROUGH OUR BABY BOOK BUNDLES; AND DISTRIBUTED 14,735 BOOKS THROUGH OUR BOOK BUILDERS PROGRAM.
ADULT LITERACY PROGRAM: 1,215 ADULTS WERE SERVED IN OUR ENGLISH FOR SPEAKERS OF OTHER LANGUAGES CLASSES: TUTORING IN ENGLISH, GED INSTRUCTION AND CITIZZENSHIP TEST PREPARATION; HEALTH, WORKPLACE, STORYELLING AND FIANANCIAL LITERACY WORKSHOPS; AND OUR JOBSITE LITERACY PROGRAM WITH LOCAL EMPLOYERS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Beatriz Mcnelly Director | Trustee | 1 | $0 |
Brigitta Toruno Chair | OfficerTrustee | 3 | $0 |
Clint Thomas Treasurer | OfficerTrustee | 1 | $0 |
Dee Shupe Director | Trustee | 2 | $0 |
Kamal Gill Director | Trustee | 1 | $0 |
Margaret Brown Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $58,233 |
| Related organizations | $0 |
| Government grants | $93,287 |
| All other contributions, gifts, grants, and similar amounts not included above | $370,646 |
| Noncash contributions included in lines 1a–1f | $30,742 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $522,166 |
| Total Program Service Revenue | $2,763 |
| Investment income | $77 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $525,006 |
| 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. | $50,000 |
| Compensation of current officers, directors, key employees. | $8,459 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $221,440 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $21,429 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $9,790 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $80,383 |
| Advertising and promotion | $3,277 |
| Office expenses | $8,436 |
| Information technology | $7,349 |
| Royalties | $0 |
| Occupancy | $31,807 |
| Travel | $223 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $5,635 |
| All other expenses | $4,538 |
| Total functional expenses | $517,830 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $278,332 |
| Savings and temporary cash investments | $95,321 |
| 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 | $2,200 |
| Total assets | $375,853 |
| Accounts payable and accrued expenses | $23,253 |
| 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 | $23,253 |
| Net assets without donor restrictions | $348,100 |
| Net assets with donor restrictions | $4,500 |
| 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 | $375,853 |