Literacy Services Of Indian River County Inc
- Assets
- $419.1k
- Revenue
- $256.0k
- Investments
- $0.0
- Employees
- 3
- Location
- Vero Beach, FL
- Founding
- 01/1981
- Data as of
- 06/2021
- EIN
- 59-1987210
Organization Overview
Literacy Services Of Indian River County Inc is located in Vero Beach, FL. The organization was established in 1981. According to its NTEE Classification (B92) the organization is classified as: Remedial Reading & Encouragement, under the broad grouping of Education and related organizations. As of 06/2021, Literacy Services Of Indian River County Inc employed 3 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Literacy Services Of Indian River County 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, Literacy Services Of Indian River County Inc generated $256.0k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (4.0%) each year. All expenses for the organization totaled $224.2k during the year ending 06/2021. As we would expect to see with falling revenues, expenses have declined by (4.4%) per year over the past 7 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
THE MISSION OF LITERACY SERVICES OF INDIAN RIVER COUNTY, INC. IS TO DELIVER COMPREHENSIVE AND INNOVATIVE LEARNING OPPORTUNITIES TO LOCAL ADULTS SEEKING ENGLISH LANGUAGE AND LITERACY SKILLS TO ACHIEVE THEIR GOALS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ORGANIZATION SERVED APPROXIMATELY 185 ADULTS LIVING IN INDIAN RIVER COUNTY,FLORIDA BY PROVIDING ENGLISH LANGUAGE AND LITERACY INSTRUCTION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kent Jones President | OfficerTrustee | 2 | $0 |
Karen Malits Vice Preside | OfficerTrustee | 2 | $0 |
Joann Hitt Treasurer | OfficerTrustee | 2 | $0 |
Roman Ortega-Cowan Director | Trustee | 2 | $0 |
Judge Paul Kanarek Director | Trustee | 2 | $0 |
John Musselman Director | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $212,232 |
| Investment income | $360 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $13,641 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $256,049 |
| Statement of Expenses | |
|---|---|
| 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. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $153,088 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $16,712 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $8,975 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $2,321 |
| Advertising and promotion | $1,965 |
| Office expenses | $6,518 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $5,300 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $2,090 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $833 |
| Insurance | $2,479 |
| All other expenses | $0 |
| Total functional expenses | $224,231 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $412,550 |
| Savings and temporary cash investments | $0 |
| 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 | $3,857 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $419,063 |
| Accounts payable and accrued expenses | $399 |
| 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 | $5,113 |
| Total liabilities | $5,512 |
| 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 | $413,551 |
Grants Recieved
Over the last fiscal year, we have identified 14 grants that Literacy Services Of Indian River County Inc has recieved totaling $124,850.
| Awarding Organization | Amount |
|---|---|
Indian River Community Foundation Vero Beach, FL PURPOSE: GENERAL OPERATING | $34,500 |
United Way Of Indian River County Inc Vero Beach, FL PURPOSE: ADULT & FAMILY LITER | $30,000 |
Johns Island Community Service League Vero Beach, FL PURPOSE: ADULT/FAMILY LITERAC | $25,000 |
Dollar General Literacy Foundation Goodlettsville, TN PURPOSE: ADULT LITERACY | $8,000 |
Grand Harbor Community Outreach Program Inc Vero Beach, FL | | $7,000 |
John M Hopwood Charitable Trust 3295 Pittsburgh, PA PURPOSE: OPERATING SUPPORT | $5,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
The Palm Beach County Literacy Coalition Inc Boynton Beach, FL | $5,052,604 | $4,385,458 |
Childrens Reading Center Inc Palatka, FL | $3,783,274 | $2,355,676 |
Read Usa Inc Atlantic Beach, FL | $1,550,513 | $2,569,007 |
Literacy Action Inc Atlanta, GA | $1,276,569 | $1,539,429 |
The Global Village Project Inc Decatur, GA | $2,051,230 | $1,459,701 |
Dream Center Of Lakeland Inc Lakeland, FL | $1,221,957 | $1,316,290 |
Classroom Champions Inc St Petersburg, FL | $339,187 | $761,169 |
Mufuka Private Foundation St Petersburg, FL | $0 | $176,252 |
Hollywood Educational And Literacy Project Miami Inc Miami, FL | $305,033 | $696,098 |
Team Up Mentoring Inc Monroe, GA | $139,641 | $683,392 |
Sing Out And Read Inc Tampa, FL | $87,490 | $575,102 |
Stair Of Birmingham Birmingham, AL | $280,779 | $590,806 |