Triangle Literacy Council Inc
- Assets
- $663.0k
- Revenue
- $672.3k
- Investments
- $0.0
- Employees
- 13
- Location
- Research Triangle Park, NC
- Founding
- 04/1971
- Data as of
- 06/2021
- EIN
- 56-1530150
Organization Overview
Triangle Literacy Council Inc is located in Research Triangle Park, NC. The organization was established in 1971. According to its NTEE Classification (B60) the organization is classified as: Adult Education, under the broad grouping of Education and related organizations. As of 06/2021, Triangle Literacy Council Inc employed 13 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Triangle Literacy Council 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 06/2021, Triangle Literacy Council Inc generated $672.3k in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 5.5% each year. All expenses for the organization totaled $756.8k during the year ending 06/2021. While expenses have increased by 6.0% per year over the past 6 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE TRIANGLE LITERACY COUNCIL IMPROVES THE LIVES OF ADULTS, YOUTH, AND FAMILIES THROUGH LITERACY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE TRIANGLE LITERACY COUNCIL WORKS WITH APPROXIMATELY 1,000 ADULTS, YOUTH, AND FAMILIES, INCLUDING AT-RISK YOUTH, EACH YEAR THROUGH OUR SIX MAIN PROGRAMS: 1)THE JUVENILE LITERACY CENTER PROGRAM SUPPORTING AT-RISK AND COURT-INVOLVED YOUTH, 2) THE CONNECTIONS ONE-ON-ONE TUTORING PROGRAM WORKING WITH ILLITERATE ADULTS, 3) PROJECT LIFT ("LITERACY INSTRUCTION FOR FAMILIES TOGETHER") AIDING ESL FAMILIES,4) THE ENGLISH LITERACY CIVICS/ LIFE SKILLS PROGRAM FOR ESL ADULTS, 5) OUR DIGITAL INCLUSION PROJECT TARGETING THOSE WITHOUT INTERNET ACCESS AND/OR IN NEED OF COMPUTER TRAINING AND SKILLS, AND 6) OUR WORKFORCE DEVELOPMENT PROGRAM THAT TEACHES EDUCATION ALONG WITH WORKFORCE TRAINING TO ENABLE EMPLOYABILITY IN DESIRED CAREER FIELDS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Laura Walters President And CEO | Officer | 40 | $122,000 |
Leon Shargel Secretary | OfficerTrustee | 1 | $0 |
Ann Marie Calabria Board Chair | OfficerTrustee | 2 | $0 |
Don Hiller Vice Chair | OfficerTrustee | 2 | $0 |
Chris Cheney Treasurer | OfficerTrustee | 2 | $0 |
Britt Davis Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $950 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $510,534 |
| All other contributions, gifts, grants, and similar amounts not included above | $67,185 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $578,669 |
| Total Program Service Revenue | $93,606 |
| Investment income | $54 |
| 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 | $672,329 |
| 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. | $140,791 |
| Compensation of current officers, directors, key employees. | $26,826 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $316,107 |
| Pension plan accruals and contributions | $2,354 |
| Other employee benefits | $3,253 |
| Payroll taxes | $36,260 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $94,344 |
| Advertising and promotion | $0 |
| Office expenses | $23,400 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $57,815 |
| 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 | $14,612 |
| Insurance | $9,501 |
| All other expenses | $0 |
| Total functional expenses | $756,802 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $68,620 |
| Savings and temporary cash investments | $190,212 |
| Pledges and grants receivable | $355,428 |
| Accounts receivable, net | $4,385 |
| 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 | $4,770 |
| Net Land, buildings, and equipment | $35,079 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $4,545 |
| Total assets | $663,039 |
| Accounts payable and accrued expenses | $21,267 |
| 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 | $21,267 |
| Net assets without donor restrictions | $289,079 |
| Net assets with donor restrictions | $352,693 |
| 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 | $663,039 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Triangle Literacy Council Inc has recieved totaling $33,354.
| Awarding Organization | Amount |
|---|---|
Youthbuild Usa Inc Roxbury, MA PURPOSE: TO CREATE A SOLID MENTORING COMPONENT IN YOUTHBUILD PROGRAMS.TO SUPPORT BUIL | $27,871 |
Network For Good Inc Washington, DC PURPOSE: UNRESTRICTED | $5,483 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Athens Regional Physician Services Inc Athens, GA | $5,832,166 | $29,787,030 |
Isha Foundation Inc Mcminnville, TN | $77,293,567 | $29,444,562 |
John Marshall Online Inc Atlanta, GA | $11,713,924 | $9,257,448 |
American Board For Certification In Orthotics & Prosthetics Inc Alexandria, VA | $27,674,862 | $8,130,856 |
Abraham J & Phyllis Katz Foundation Ua 060794 Newnan, GA | $48,678,737 | $4,412,136 |
Mid-South Carpenters Regional Council Training Trust Fund Chattanooga, TN | $11,869,784 | $4,623,435 |
The Virginia Center For Policing Innovation Richmond, VA | $3,512,046 | $2,842,385 |
Progressive Abilities Support Services Inc Savannah, GA | $457,648 | $2,076,851 |
Society Of Cardiovascular Computed Tomography Arlington, VA | $2,676,474 | $2,337,987 |
East Central Georgia Consortium Thomson, GA | $497,694 | $1,856,381 |
Center For Advancement And Study Of International Education Inc Atlanta, GA | $1,260,303 | $2,348,078 |
Community-Campus Partnerships For Health Raleigh, NC | $679,210 | $1,816,755 |