South Bay Literacy Council
- Assets
- $93.8k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Torrance, CA
- Founding
- 08/1992
- Data as of
- 04/2019
- EIN
- 95-4041955
Organization Overview
South Bay Literacy Council is located in Torrance, CA. The organization was established in 1992. 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. South Bay Literacy Council 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 04/2019, South Bay Literacy Council generated $27.0k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (21.4%) each year. All expenses for the organization totaled $30.2k during the year ending 04/2019. You can explore the organizations financials more deeply in the financial statements section below.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Maureen Furedi President | 2 | $0 | |
Deborah Hawkins Vp, English As A Second Language (esl) | 2 | $0 | |
Karol Mcqueary Vp, Computer-Aided Literacy (cal) | 2 | $0 | |
Tanya Demauriac Vp, Literacy For English Speakers (les) | 2 | $0 | |
Nagavarapu Mohan Treasurer | 4 | $0 | |
Deborah Hawkins Esl Centers Coordinator | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $22,905 |
| Total Program Service Revenue | $235 |
| Membership dues | $2,900 |
| Investment income | $930 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $26,970 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $5,118 |
| Professional fees and other payments to independent contractors | $0 |
| Occupancy, rent, utilities, and maintenance | $12,600 |
| Printing, publications, postage, and shipping | $682 |
| Other expenses | $11,772 |
| Total expenses | $30,172 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $93,777 |
| Other assets | $0 |
| Total assets | $93,777 |
| Total liabilities | $0 |
| Net assets or fund balances | $93,777 |