Oakland Literacy Coalition
- Assets
- $759.8k
- Revenue
- $853.0k
- Investments
- $0.0
- Employees
- 9
- Location
- Oakland, CA
- Founding
- 08/2016
- Data as of
- 06/2023
- EIN
- 81-2901834
Organization Overview
Oakland Literacy Coalition is located in Oakland, CA. The organization was established in 2016. 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 06/2023, Oakland Literacy Coalition employed 9 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Oakland Literacy Coalition 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 06/2023, Oakland Literacy Coalition generated $853.0k in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (2.2%) each year. All expenses for the organization totaled $985.7k during the year ending 06/2023. 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
WORKING TOGETHER TO ENSURE THAT EVERY OAKLAND CHILD LEARNS AND LOVES TO READ.
Describe the Organization's Program Activity:
Part 3 - Line 4a
LITERACY AND JUSTICE FOR ALL SYMPOSIUM: OUR ANNUAL CONFERENCE THAT BRINGS EDUCATORS, NONPROFIT PRACTITIONERS, COMMUNITY LEADERS, AND OTHER STAKEHOLDERS TOGETHER TO LEARN, STRATEGIZE, AND COLLABORATE ON HOW TO FURTHER ADVANCE READING OUTCOMES.
SCHOOL LIBRARY PARTNERSHIPS: WE PROVIDE SUPPORT, VOLUNTEERS, BOOKS, AND FUNDING FOR OAKLAND'S UNDER-RESOURCED PUBLIC SCHOOL LIBRARIES.
READING EVERYWHERE: A SERIES OF PROGRAMS AND PROJECTS, INCLUDING OUR COMMUNITY LITERACY ACTION GRANTS, SCHOOL-BASED BOOK DISTRIBUTIONS, OAKLAND READS WEBSITE, AND PARTNERSHIP WITH THE EAT. LEARN. PLAY. BUS, TO CONNECT OAKLAND FAMILIES WITH HIGH QUALITY, CULTURALLY AFFIRMING BOOKS AND LITERACY RESOURCES.
COALITION BUILDING & LEARNING: WE CONVENE DOZENS OF LITERACY PROGRAMS AND STAKEHOLDERS ACROSS OAKLAND AND PROVIDE COMMUNICATIONS, TRAININGS, AND TOOLS TO STRENGTHEN THE COORDINATION AND EFFECTIVENESS OF THE FIELD.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Tiffany Furrell Board Co-Chair | OfficerTrustee | 1 | $0 |
Dulce Torres-Petty Board Co-Chair | OfficerTrustee | 1 | $0 |
Matthew Aguiar Board Treasurer | OfficerTrustee | 1 | $0 |
Allison Lopez Board Secretary | OfficerTrustee | 1 | $0 |
Alexei Eleusis Daz Vera Board Director | Trustee | 1 | $0 |
Michelle Goldenberg Board Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $5,868 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $830,401 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $836,269 |
| Total Program Service Revenue | $13,471 |
| Investment income | $348 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $2,903 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $852,991 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $90,207 |
| 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. | $231,000 |
| Compensation of current officers, directors, key employees. | $63,525 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $328,443 |
| Pension plan accruals and contributions | $12,235 |
| Other employee benefits | $59,421 |
| Payroll taxes | $41,726 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $2,550 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $88,031 |
| Advertising and promotion | $3,456 |
| Office expenses | $11,002 |
| Information technology | $10,536 |
| Royalties | $0 |
| Occupancy | $28,396 |
| Travel | $2,989 |
| 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 | $5,494 |
| All other expenses | $0 |
| Total functional expenses | $985,708 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $682,177 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $50,000 |
| 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 | $20,000 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $7,600 |
| Total assets | $759,777 |
| Accounts payable and accrued expenses | $1,034 |
| 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 | $39,145 |
| Total liabilities | $40,179 |
| Net assets without donor restrictions | $669,598 |
| Net assets with donor restrictions | $50,000 |
| 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 | $759,777 |
Grants Awarded
Over the last fiscal year, Oakland Literacy Coalition has awarded $26,057 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
OAKLAND UNIFIED SCHOOL DISTRICT PURPOSE: General support | $16,000 |
ROOSEVELT MIDDLE SCHOOL PURPOSE: General support | $10,057 |