Literacy Council Of Alaska
- Assets
- $378.9k
- Revenue
- $1.0m
- Investments
- $0.0
- Employees
- 50
- Location
- Fairbanks, AK
- Founding
- 04/1975
- Data as of
- 06/2024
- EIN
- 92-6010100
Organization Overview
Literacy Council Of Alaska is located in Fairbanks, AK. The organization was established in 1975. 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 06/2024, Literacy Council Of Alaska employed 50 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Literacy Council Of Alaska 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 06/2024, Literacy Council Of Alaska generated $1.0m in total revenue. This represents relatively stable growth, over the past 5 years the organization has increased revenue by an average of 2.3% each year. All expenses for the organization totaled $1.1m during the year ending 06/2024. While expenses have increased by 3.7% per year over the past 5 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
2024
Describe the Organization's Mission:
Part 3 - Line 1
OUR MISSION IS TO PROMOTE LITERACY FOR PEOPLE OF ALL AGES IN FAIRBANKS AND THE INTERIOR OF ALASKA. SIGNIFICANT ACTIVITIES INCLUDE ADULT AND SCHOOL-AGE LITERACY AS WELL AS BOOK RECYCLING.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ADULT EDUCATION PROGRAMPROVIDED CLASSROOM INSTRUCTION AND TUTORING FOR ADULTS IN ELL AND GED PREPARATION. PROVIDE EDUCATION, CREDENTIALING, AND PRE-EMPLOYMENT TRAINING FOR INDIVIDUALS AGE 16-24.ELL STUDENTS - 139; ABE/GED STUDENTS - 153; WIOA PARTICIPANTS - 64GED GRADUATES - 56VOLUNTEER INSTRUCTORS AND TUTORS - 29
SCHOOL-AGE LITERACY PROGRAMPROVIDE TUTORING AND INSTRUCTION FOR SCHOOL-AGE CHILDREN THAT BUILDS STRONG EDUCATIONAL FOUNDATIONS AND FOSTERS A LIFE-LONG LOVE OF LEARNING.BIRCH PARK AFTER-SCHOOL PROGRAMSTUDENTS ENROLLED - 73;PARENTS & OTHER ADULTS - 21
BOOK RECYCLING PROGRAMFREE BOOKS DONATED AND GIVEN AWAY - 14,496 BOOKS DONATED AND SOLD - 50,417 AT VALUE OF $50,417VOLUNTEERS - 34WORKPLACE LITERACY STUDENTS - 13
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Lisa Baker President | OfficerTrustee | 1 | $0 |
Bradley Mcginnity Treasurer | OfficerTrustee | 1 | $0 |
Megan Kittelman Director | Trustee | 1 | $0 |
Karalee Watts Vice-President | OfficerTrustee | 1 | $0 |
Courtney Havrilek Secretary - Outgoing | OfficerTrustee | 1 | $0 |
Meryem Udden Secretary - Incoming | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $21,494 |
| Related organizations | $0 |
| Government grants | $677,257 |
| All other contributions, gifts, grants, and similar amounts not included above | $94,499 |
| Noncash contributions included in lines 1a–1f | $6,920 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $793,250 |
| Total Program Service Revenue | $222,476 |
| Investment income | $1 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $1,707 |
| Net Income from Fundraising Events | -$5,231 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,015,134 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $52,846 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $59,383 |
| Compensation of current officers, directors, key employees. | $14,252 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $671,032 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $18,089 |
| Payroll taxes | $72,101 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $28,084 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $5,086 |
| Advertising and promotion | $5,801 |
| Office expenses | $5,603 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $65,182 |
| Travel | $10,814 |
| 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 | $14,862 |
| Insurance | $14,362 |
| All other expenses | $15 |
| Total functional expenses | $1,097,841 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $141,905 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $81,304 |
| Accounts receivable, net | $1,686 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $43,259 |
| Prepaid expenses and deferred charges | $7,452 |
| Net Land, buildings, and equipment | $61,860 |
| Investments—publicly traded securities | $41,414 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $378,880 |
| Accounts payable and accrued expenses | $66,106 |
| 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 | $66,106 |
| Net assets without donor restrictions | $309,311 |
| Net assets with donor restrictions | $3,463 |
| 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 | $378,880 |