Dollar General Literacy Foundation
- Assets
- $51.9m
- Revenue
- $16.2m
- Investments
- $38.4m
- Employees
- 0
- Location
- Goodlettsville, TN
- Founding
- 06/1994
- Data as of
- 01/2020
- 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.
For the year ending 01/2020, Dollar General Literacy Foundation generated $16.2m in total revenue. The organization has seen a slow decline revenue. Over the past 6 years, revenues have fallen by an average of (2.5%) each year. All expenses for the organization totaled $13.1m during the year ending 01/2020. As we would expect to see with falling revenues, expenses have declined by (6.4%) per year over the past 6 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, Dollar General Literacy Foundation has awarded 9,437 individual grants totaling $73,949,589. 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
2020
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
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jeffery Rice Vice President | Officer | 1 | $0 |
David Bere President | Officer | 1 | $0 |
Cal Turner Jr Chairman | Officer | 1 | $0 |
Anita Elliott Treasurer | Officer | 1 | $0 |
Kathy Reardon Director | Trustee | 1 | $0 |
Barbara Springer Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $14,994,760 |
| Investment income | $1,191,238 |
| 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 | $16,185,998 |
| 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 | $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 | $95,600 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $85,408 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $2,217 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $7,796 |
| 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 | $13,074,943 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $6,124,149 |
| Savings and temporary cash investments | $1,792,395 |
| Pledges and grants receivable | $5,530,066 |
| 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 | $1,000 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $38,420,536 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $52,894 |
| Total assets | $51,921,040 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $125,000 |
| 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 | $160,000 |
| 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 | $51,761,040 |
Grants Awarded
Over the last fiscal year, Dollar General Literacy Foundation has awarded $12,502,762 in support to 1,816 organizations.
| Grant Recipient | Amount |
|---|---|
Tallahassee, FL PURPOSE: ADULT LITERACY PARTNER | $677,440 |
Washington, DC PURPOSE: YOUTH LITERACY PARTNER | $361,331 |
Nashville, TN PURPOSE: YOUTH LITERACY PARTNER | $350,000 |
Denver, CO PURPOSE: ADULT LITERACY PARTNER | $250,000 |
Nashville, TN PURPOSE: FAMILY LITERACY | $250,000 |
THE AD COUNCIL PURPOSE: ADULT LITERACY PARTNER | $204,707 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Dollar General Literacy Foundation has recieved totaling $5,000.
| Awarding Organization | Amount |
|---|---|
Schwab Charitable Fund San Francisco, CA PURPOSE: Education | $5,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Dollar General Literacy Foundation Goodlettsville, TN | $51,921,040 | $16,185,998 |
National Center For Families Learning Inc Louisville, KY | $13,205,159 | $9,241,440 |
Governors Early Literacy Foundation Nashville, TN | $8,518,378 | $8,741,381 |
The Washington Redskins Charitable Foundation Inc Ashburn, VA | $2,140,086 | $1,998,508 |
Literacy Action Inc Atlanta, GA | $898,740 | $1,431,323 |
Book Harvest Durham, NC | $2,082,674 | $2,392,745 |
The Global Village Project Inc Decatur, GA | $1,906,259 | $1,428,710 |
Preston Taylor Ministries Nashville, TN | $1,519,480 | $1,207,327 |
Carnegie Literacy Center Inc Lexington, KY | $692,674 | $954,631 |
Virginia Literacy Foundation Richmond, VA | $481,417 | $862,331 |
Blue Ridge Healthcare Foundation Inc Morganton, NC | $3,674,822 | $1,021,861 |
Ready Readers St Louis, MO | $1,039,397 | $895,905 |