Virginia Literacy Foundation
- Assets
- $674.8k
- Revenue
- $577.7k
- Investments
- $0.0
- Employees
- 0
- Location
- Richmond, VA
- Founding
- 04/1991
- Data as of
- 06/2022
- EIN
- 54-1444068
Organization Overview
Virginia Literacy Foundation is located in Richmond, VA. The organization was established in 1991. 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. Virginia Literacy Foundation 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, Virginia Literacy Foundation generated $577.7k in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (2.7%) each year. All expenses for the organization totaled $458.3k during the year ending 06/2022. As we would expect to see with falling revenues, expenses have declined by (8.6%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Virginia Literacy Foundation has awarded 120 individual grants totaling $848,136. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
PROMOTE LITERACY AMOUNG VIRGINIA RESIDENTS BY SUPPORTING PUBLIC LITERACY PROGRAMS, ENHANCING, PRIVATE SECTOR LITERACY INITIATIVES; AND ENCOURAGING STATEWIDE LITERACY AWARENESS
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROMOTE LITERACY AMOUNG VIRGINIA RESIDENTS BY SUPPORTING PUBLIC LTERACY PROGRAMS, ENHANCING PRIVATE SECTOR LITERACY INITIATIVES AND ENCOURAGIN STATEWIDE LITERACY AWARENESS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mark Emblidge Executive Director | Trustee | 20 | $99,000 |
Jeannie Baliles Chairperson | OfficerTrustee | 2 | $0 |
Troilen Gainey Seward Treasurer | OfficerTrustee | 2 | $0 |
Ruth Hazel Little Vice Chairperson | OfficerTrustee | 2 | $0 |
Jeffrey Holland Board Member | Trustee | 2 | $0 |
Marcy Sims Board Member | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $263,832 |
| All other contributions, gifts, grants, and similar amounts not included above | $313,204 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $577,036 |
| Total Program Service Revenue | $0 |
| Investment income | $227 |
| 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 | $577,726 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $112,172 |
| 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. | $99,000 |
| Compensation of current officers, directors, key employees. | $19,800 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $118,817 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $3,975 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $1,166 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $6,159 |
| Travel | $0 |
| 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 | $0 |
| All other expenses | $0 |
| Total functional expenses | $458,285 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $673,666 |
| 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 | $1,169 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $674,835 |
| Accounts payable and accrued expenses | $1,740 |
| Grants payable | $0 |
| Deferred revenue | $8,000 |
| 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 | $9,740 |
| Net assets without donor restrictions | $657,192 |
| Net assets with donor restrictions | $7,903 |
| 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 | $674,835 |
Grants Awarded
Over the last fiscal year, Virginia Literacy Foundation has awarded $97,500 in support to 13 organizations.
| Grant Recipient | Amount |
|---|---|
Christiansburg, VA PURPOSE: LITERACY EFFORTS | $7,500 |
Winchester, VA PURPOSE: LITTERACY EFFORTS | $7,500 |
Alexadria, VA PURPOSE: LITERACY EFFORTS | $7,500 |
Charlottesville, VA PURPOSE: LITERACY EFFORTS | $7,500 |
SKYLINE LITERACY INC PURPOSE: LITERACY EFFORTSLITERACY EFFORTS | $7,500 |
BEACON FOR ADULT LITERACY PURPOSE: LITERACY EFFORTS | $7,500 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Virginia Literacy Foundation has recieved totaling $45,006.
| Awarding Organization | Amount |
|---|---|
The Community Foundation Inc Richmond, VA PURPOSE: GENERAL PURPOSES | $45,000 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $6 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Dollar General Literacy Foundation Goodlettsville, TN | $59,000,845 | $19,656,631 |
Literacy Lab Washington, DC | $23,333,778 | $29,239,466 |
Governors Early Literacy Foundation Nashville, TN | $11,541,764 | $13,046,158 |
Civic Works Inc Baltimore, MD | $12,483,552 | $12,764,474 |
Reading Is Fundamental Inc Washington, DC | $22,372,600 | $16,088,590 |
National Center For Families Learning Inc Louisville, KY | $16,159,024 | $7,570,588 |
Congress Heights Community Training And Development Corporation Washington, DC | $6,347,487 | $3,189,279 |
Book Harvest Durham, NC | $2,671,436 | $2,224,285 |
Preston Taylor Ministries Nashville, TN | $1,787,100 | $1,982,481 |
The Washington Commanders Charitable Foundation Inc Ashburn, VA | $1,361,978 | $1,048,751 |
Free Minds Book Club & Writing Workshop Washington, DC | $2,522,184 | $2,082,941 |
We Need Diverse Books Bethesda, MD | $1,284,821 | $1,729,399 |