Dollar General Literacy Foundation
- Assets
- $59.0m
- Revenue
- $19.7m
- Investments
- $45.9m
- Employees
- 0
- Location
- Goodlettsville, TN
- Founding
- 06/1994
- Data as of
- 01/2022
- EIN
- 62-1546736
Organization Overview
Dollar General Literacy Foundation is located in Goodlettsville, TN. The organization was established in 1994. 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. Dollar General 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 01/2022, Dollar General Literacy Foundation generated $19.7m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 0.6% each year. All expenses for the organization totaled $17.3m during the year ending 01/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, Dollar General Literacy Foundation has awarded 11,727 individual grants totaling $102,598,340. 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
SERVE OTHERS THROUGH BASIC EDUCATION GRANTS WHICH POSITION PERSONS FOR EXCELLENCE
Describe the Organization's Program Activity:
Part 3 - Line 4a
BASIC EDUCATION GRANTS TO OTHER CHARITABLE ORGANIZATIONS THAT ARE ENGAGED IN LITERACY PROGRAMS THROUGHOUT THE UNITED STATES
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Todd Vasos President | Officer | 1 | $1,350,052 |
Rhonda Taylor Director | Trustee | 1 | $626,130 |
Kathy Reardon Director | Trustee | 1 | $504,762 |
Anita Elliott Treasurer | Officer | 1 | $428,328 |
Rod West Director | Trustee | 1 | $350,128 |
Barbara Springer Director | Trustee | 1 | $288,612 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $3,131,051 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $14,250,368 |
| Noncash contributions included in lines 1a–1f | $290,671 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $17,381,419 |
| Total Program Service Revenue | $0 |
| Investment income | $2,275,212 |
| 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 | $19,656,631 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $16,447,959 |
| 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 of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| 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 | $21,500 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $100,801 |
| Fees for services: Other | $0 |
| Advertising and promotion | $393,848 |
| Office expenses | $623 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $643 |
| 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 | $1,007 |
| Total functional expenses | $17,325,129 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $5,965,621 |
| Savings and temporary cash investments | $1,213,119 |
| Pledges and grants receivable | $5,764,695 |
| 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 | $170,000 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $45,887,076 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $334 |
| Total assets | $59,000,845 |
| Accounts payable and accrued expenses | $75,000 |
| Grants payable | $0 |
| Deferred revenue | $35,000 |
| 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 | $110,000 |
| Net assets without donor restrictions | $58,890,845 |
| 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 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $59,000,845 |
Grants Awarded
Over the last fiscal year, Dollar General Literacy Foundation has awarded $12,861,147 in support to 451 organizations.
| Grant Recipient | Amount |
|---|---|
Fairfield, CT PURPOSE: YOUTH LITERACY PARTNER | $1,600,000 |
New York, NY PURPOSE: YOUTH LITERACY PARTNER | $1,000,000 |
Nashville, TN PURPOSE: YOUTH LITERACY PARTNER | $786,520 |
New York, NY PURPOSE: YOUTH LITERACY PARTNER | $450,000 |
Washington, DC PURPOSE: YOUTH LITERACY PARTNER | $423,719 |
THE AD COUNCIL PURPOSE: ADULT LITERACY PARTNER | $398,584 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that Dollar General Literacy Foundation has recieved totaling $66,428.
| Awarding Organization | Amount |
|---|---|
Servant Foundation Overland Park, KS PURPOSE: EDUCATION | $50,000 |
Schwab Charitable Fund San Francisco, CA PURPOSE: EDUCATION | $10,000 |
American Online Giving Foundation Inc Newark, DE PURPOSE: GENERAL SUPPORT | $6,428 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Dollar General Literacy Foundation Goodlettsville, TN | $59,000,845 | $19,656,631 |
Governors Early Literacy Foundation Nashville, TN | $11,541,764 | $13,046,158 |
National Center For Families Learning Inc Louisville, KY | $16,159,024 | $7,570,588 |
Turnk The Page Kc Inc Kansas City, MO | $555,932 | $3,146,244 |
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 |
Literacy Action Inc Atlanta, GA | $1,276,569 | $1,539,429 |
Ready Readers St Louis, MO | $1,581,585 | $1,585,720 |
The Global Village Project Inc Decatur, GA | $2,051,230 | $1,459,701 |
Carnegie Literacy Center Inc Lexington, KY | $1,003,564 | $1,222,449 |
Durham Literacy Center Inc Durham, NC | $1,363,688 | $948,350 |