Literacy Mid South Inc
- Assets
- $1.7m
- Revenue
- $1.1m
- Investments
- $0.0
- Employees
- 11
- Location
- Memphis, TN
- Founding
- 12/1975
- Data as of
- 06/2021
- EIN
- 62-0960143
Organization Overview
Literacy Mid South Inc is located in Memphis, TN. The organization was established in 1975. 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, Literacy Mid South Inc employed 11 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Literacy Mid South 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 Mid South Inc generated $1.1m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 3.3% each year. All expenses for the organization totaled $1.2m during the year ending 06/2021. While expenses have increased by 7.8% 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE ACCESS TO LITERACY RESOURCES FOR LEARNERS OF ALL AGES AND BACKGROUNDS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
READING AND TUTORING PROGRAMS IN THE MID-SOUTH.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Knox Shelton Executive Director | OfficerTrustee | 40 | $85,378 |
Dr Chandra Alston Secretary | OfficerTrustee | 1 | $0 |
Katherine Bryan Chair | OfficerTrustee | 1 | $0 |
Marc Van Lieshout Treasurer | OfficerTrustee | 1 | $0 |
Jason Yuan Vice-Chair | OfficerTrustee | 1 | $0 |
John Barker Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,135,173 |
| Investment income | $10,856 |
| 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 | $1,146,029 |
| 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. | $70,228 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $532,312 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $82,180 |
| Payroll taxes | $0 |
| Fees for services: Management | $99,742 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $23,381 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $5,388 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $17,943 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $37,439 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $6,897 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $10,171 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $1,170,388 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $759,890 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $97,775 |
| 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 | $43,948 |
| Investments—publicly traded securities | $750,676 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,670,875 |
| Accounts payable and accrued expenses | $37,152 |
| 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 | $37,152 |
| 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 | $1,633,723 |
Grants Recieved
Over the last fiscal year, we have identified 8 grants that Literacy Mid South Inc has recieved totaling $236,174.
| Awarding Organization | Amount |
|---|---|
The Urban Child Institute Memphis, TN PURPOSE: PROGRAM SUPPORT | $125,700 |
Community Foundation Of Greater Memphis Inc Memphis, TN PURPOSE: GENERAL OPERATIONAL SUPPORT | $51,600 |
T W Briggs Foundation Inc Memphis, TN PURPOSE: PROGRAM SUPPORT | $30,750 |
Southern Health Plan Inc Chattanooga, TN PURPOSE: GENERAL SUPPORT | $10,000 |
Goodlett Foundation Memphis, TN PURPOSE: TO FURTHER THE CHARITY'S EXEMPT PURPOSE | $10,000 |
Dollar General Literacy Foundation Goodlettsville, TN PURPOSE: ADULT LITERACY | $7,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
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 |
Alabama Partnership For Children Montgomery, AL | $2,774,532 | $6,902,612 |
Mid-South Carpenters Regional Council Training Trust Fund Chattanooga, TN | $11,869,784 | $4,623,435 |
Literacy Kansas City Kansas City, MO | $1,783,046 | $2,841,106 |
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 |
Hi-Tech Charities Saint Louis, MO | $4,192,026 | $2,946,711 |