Peak Literacy Inc
- Assets
- $74.8k
- Revenue
- $164.1k
- Investments
- $0.0
- Employees
- 2
- Location
- Gainesville, FL
- Founding
- Data as of
- 12/2023
- EIN
- 85-3896568
Organization Overview
Peak Literacy Inc is located in Gainesville, FL. According to its NTEE Classification (S20) the organization is classified as: Community & Neighborhood Development, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 12/2023, Peak Literacy Inc employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Peak Literacy Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
OUR MISSION IS TO PREPARE YOUNG READERS FOR PERSONAL AND COLLECTIVE SUCCESS THROUGH CONSISTENT ONE-TO-ONE READING INSTRUCTION PROVIDED BY COMPETENT AND NURTURING VOLUNTEERS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PEAK LITERACY, INC OPERATES A LITERACY PROGRAM TO SERVE K-12 CHILDREN WHO ARE BEHIND IN THEIR READING SKILLS DEVELOPMENT. WE RECRUIT COMMUNITY VOLUNTEERS TO MEET WITH KIDS FOR SHORT, FOCUSED LESSONS 3-5 TIMES PER WEEK ONLINE USING EVIDENCE-BASED LITERACY SOFTWARE PROVEN TO RAPIDLY INCREASE READING FLUENCY. WE BOTH SERVE CHILDREN DIRECTLY AND ALSO PARTNER WITH AFTERSCHOOL PROGRAMS TO OFFER OUR LITERACY PROGRAM SERVICES FOR AGREED-UPON FEES.
FISCAL SPONSORSHIP: PEAK LITERACY, INC ACTS AS A FISCAL SPONSOR FOR INFINITE LEARNING ACADEMY, INC FOR THE PURPOSE OF RECEIVING AND ADMINISTERING GRANT FUNDS IN 2023. INFINITE LEARNING ACADEMY'S SPONSORED PROJECT HYBRID EXPERIENTIAL LESSONS AND LEARNING OPPORTUNITIES (HELLO) IS CONSISTENT WITH PEAK LITERACY'S TAX-EXEMPT PURPOSES OF PROVIDING EDUCATION AND INSTRUCTION.
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 |
|---|---|---|---|
Leah Galione Executive Director | Officer | 40 | $32,444 |
Brent Henderson President | OfficerTrustee | 10 | $0 |
Giancarlo Victorero Treasurer | OfficerTrustee | 5 | $0 |
Jacob Larson Secretary | OfficerTrustee | 2 | $0 |
Tom Benton Board Member | Trustee | 2 | $0 |
Vincent Hampton Board Member | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $7,142 |
| Related organizations | $0 |
| Government grants | $49,648 |
| All other contributions, gifts, grants, and similar amounts not included above | $95,071 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $151,861 |
| Total Program Service Revenue | $12,280 |
| Investment income | $0 |
| 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 | $164,141 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $9,100 |
| 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. | $37,643 |
| Compensation of current officers, directors, key employees. | $1,882 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $14,967 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $3,208 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $35 |
| Fees for services: Accounting | $1,002 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $3,389 |
| Office expenses | $940 |
| Information technology | $16,128 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $517 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $262 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $2,227 |
| All other expenses | $548 |
| Total functional expenses | $94,320 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $13,417 |
| Savings and temporary cash investments | $38,410 |
| Pledges and grants receivable | $14,439 |
| Accounts receivable, net | $4,318 |
| 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 | $4,255 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $74,839 |
| Accounts payable and accrued expenses | $262 |
| Grants payable | $0 |
| Deferred revenue | $3,175 |
| 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 | $3,437 |
| Net assets without donor restrictions | $33,002 |
| Net assets with donor restrictions | $38,400 |
| 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 | $74,839 |