Literacy Texas
- Assets
- $139.2k
- Revenue
- $406.1k
- Investments
- $0.0
- Employees
- 1
- Location
- Colleyville, TX
- Founding
- 08/1989
- Data as of
- 12/2022
- EIN
- 74-2538221
Organization Overview
Literacy Texas is located in Colleyville, TX. The organization was established in 1989. According to its NTEE Classification (B60) the organization is classified as: Adult Education, 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. Literacy Texas 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 12/2022, Literacy Texas generated $406.1k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 9.4% each year. All expenses for the organization totaled $423.4k during the year ending 12/2022. While expenses have increased by 9.3% 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
LITERACY TEXAS IS THE STATEWIDE LITERACY COALITION, CONNECTING AND EQUIPPING ADULT AND FAMILY LITERACY PROVIDERS THROUGH TRAINING, NETWORKING, AND ADVOCACY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE LITERACY TEXAS 2022 CONFERENCE PROVIDED 3 DAYS OF THE BEST PRACTICE, RESEARCH BASED PROFESSIONAL DEVELOPMENT TRAINING TO INDIVIDUALS REPRESENTING ADULT LITERACY SERVICE PROVIDERS FROM ACROSS THE STATE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ernest Lewis III Board Chair | OfficerTrustee | $0 | |
Alba Austin Board Vice Chair | OfficerTrustee | $0 | |
Wes Young Secretary | OfficerTrustee | $0 | |
Mike Meyers Treasurer | OfficerTrustee | $0 | |
Katrin Schatz Board Member | Trustee | $0 | |
Dr Ida Acuna-Garza Board Member | Trustee | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $348,602 |
| All other contributions, gifts, grants, and similar amounts not included above | $2,058 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $350,660 |
| Total Program Service Revenue | $55,298 |
| Investment income | $33 |
| 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 | $60 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $406,051 |
| 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. | $86,994 |
| Compensation of current officers, directors, key employees. | $8,699 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $369 |
| Payroll taxes | $6,655 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $4,213 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $162,097 |
| Advertising and promotion | $1,974 |
| Office expenses | $7,431 |
| Information technology | $11,396 |
| Royalties | $0 |
| Occupancy | $7,711 |
| Travel | $2,545 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $57,921 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $5,300 |
| Insurance | $3,519 |
| All other expenses | $5,788 |
| Total functional expenses | $423,373 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $21,480 |
| Savings and temporary cash investments | $87,959 |
| Pledges and grants receivable | $25,569 |
| 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 | $0 |
| Net Land, buildings, and equipment | $4,238 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $139,246 |
| Accounts payable and accrued expenses | $1,686 |
| 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 | $1,686 |
| Net assets without donor restrictions | $139,955 |
| 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 | $139,246 |