2024-03-21T07:48:31-05:00 2023-06-30 871353108 EISNER ADVISORY GROUP LLC 130 NORTH 18TH STREET SUITE 3000 PHILADELPHIA PA 191032757 990 2022-07-01 232515768 CHILDREN'S LITERACY INITIATIVE CHIL 2155614676 990 SPRING GARDEN STREET 400 PHILADELPHIA PA 19123 DR DIANA L GREENE CHIEF EXECUTIVE OFFICER (EFF 7/23) 2155614676 2024-03-15 1 DR DIANA L GREENE 999009999 0 HELEN M MARTIN P01330899 2158818800 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z DR DIANA L GREENE 990 SPRING GARDEN STREET 400 PHILADELPHIA PA 19123 12248999 0 X WWW.CLI.ORG X 1988 PA SEE SCHEDULE O FOR THE ORGANIZATION'S MISSION STATEMENT.CHILDREN'S LITERACY INITIATIVE ("CLI") IS A NON-PROFIT THAT SEEKS TO DISMANTLE STRUCTURAL RACISM BY PROVIDING BLACK AND LATINX CHILDREN THE ANTI-RACIST INSTRUCTION, SUPPORT AND ADVOCACY NEEDED TO CREATE EQUITY IN EDUCATION. 11 11 194 11 0 0 10944321 7301537 12492125 4735836 4600 61467 41590 8265 23482636 12107105 0 0 0 0 17330404 10513811 0 0 995970 4402720 3250666 21733124 13764477 1749512 -1657372 12745223 11703135 3032305 3506388 9712918 8196747 CLI SEEKS TO DISMANTLE STRUCTURAL RACISM BY PROVIDING BLACK AND LATINX CHILDREN THE ANTI-RACIST INSTRUCTION, SUPPORT AND ADVOCACY NEEDED TO CREATE EQUITY IN EDUCATION. 0 0 11187189 4744101 CHILDREN'S LITERACY INITIATIVE FOCUSES ON SOLVING THE EQUITY AND OPPORTUNITY GAP IN EARLY LITERACY FOR PRE-K TO 5TH GRADE CHILDREN. CLI PROVIDED WORKSHOPS, IN-PERSON AND VIRTUAL COACHING, AND HIGH QUALITY CHILDREN'S BOOKS TO APPROXIMATELY 1,400 EDUCATORS AND 16,500 STUDENTS IN SIX STATES. CLI CONSISTENTLY RECEIVES FOUR-STAR RATINGS FROM CHARITY NAVIGATOR. IN ADDITION TO $4.7M IN FEE-FOR-SERVICE REVENUE, CLI RECEIVED BOTH PHILANTHROPIC AND FEDERAL FUNDING, BRINGING TOTAL REVENUE TO $12.2M. WITH 7.2% OF EXPENSES GOING TOWARDS FUNDRAISING AND 11.5% TOWARDS MANAGEMENT AND GENERAL EXPENSES, CLI IS ABLE TO DIRECT 81.3% TOWARDS PROGRAM SERVICES. 11187189 1 1 0 0 0 0 0 0 0 0 1 0 0 1 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 48 0 1 194 1 0 0 0 0 0 0 0 0 0 0 0 0 X 11 11 0 0 0 0 0 0 0 1 1 0 0 0 1 1 1 1 1 1 1 0 PA IL DC MD MA NJ NY CO FL TX X X REINA PROWLER CHIEF FINANCIAL OFFICER 2155614676 990 SPRING GARDEN STREET SUITE 400 PHILADELPHIA PA 19123 SANDRA LOUK LAFEUR CHAIRPERSON 0.50 X X 0 0 0 GERALD MOSELY VICE-CHAIR 0.50 X X 0 0 0 MARY KLEIN SECRETARY 0.50 X X 0 0 0 VICTORIA RAIVITCH TREASURER 0.50 X X 0 0 0 JOHN BONOW MEMBER 0.50 X 0 0 0 HENRI CROCKETT MEMBER 0.50 X 0 0 0 NELSON FLORES MEMBER 0.50 X 0 0 0 FRANK LONDON GETTRIDGE MEMBER 0.50 X 0 0 0 STEVE PILTCH MEMBER 0.50 X 0 0 0 LORI TAYLOR MEMBER 0.50 X 0 0 0 JACKIE WOOLLEY MEMBER 0.50 X 0 0 0 REINA PROWLER CHIEF FINANCIAL OFFICER 40.00 X 252394 0 29812 NAIMAH BILAL CHIEF DEVELOPMENT OFFICER 40.00 X 210090 0 13130 CARYN HENNING DIRECTOR OF PROFESSIONAL DEVELOPMENT 40.00 X 176643 0 15822 JILL VALUNAS REGIONAL EXECUTIVE DIRECTOR 40.00 X 149585 0 727 MICHELLE ALLEN REGIONAL EXECUTIVE DIRECTOR 40.00 X 175647 0 19668 KRISTEN BROWN DIRECTOR OF OPERATIONS 40.00 X 167473 0 14249 ERICA HOLMES-WARE CHIEF PROGRAM OFFICER 40.00 X 212642 0 29422 JOEL ZARROW FORMER CEO (THRU 06/11/22) 40.00 X 152113 0 4757 1496587 0 127587 19 1 1 0 WITHUM SMITH AND BROWN PO BOX 5340 PRINCETON NJ 08543 IT SUPPORT SERVICES AND PROGRAMMING 112211 1 5271271 2030266 7301537 SCHOOL DISTRICT CONTRACTS 900099 4735836 4735836 4735836 60816 60816 142545 141894 651 651 651 OTHER INCOME 900099 8265 8265 8265 12107105 4744101 0 61467 737178 364153 79740 293285 7923609 6609793 933947 379869 144244 118847 16943 8454 815553 671263 94553 49737 893227 739592 108170 45465 63845 51638 7489 4718 47506 38423 5572 3511 1250094 1011085 146641 92368 14243 11520 1671 1052 91998 74409 10792 6797 634113 512876 74393 46844 510082 412558 59837 37687 215820 174556 25317 15947 48734 39417 5717 3600 72630 58744 8520 5366 PROGRAM MATERIALS 181088 181088 BOOKS 103325 103325 RECRUITING 11747 9501 1378 868 MAINTENANCE 5441 4401 638 402 13764477 11187189 1581318 995970 900 900 8434105 2883543 903619 3895678 1709462 1105727 167850 157269 106012 242193 627125 500300 175559 126825 1247716 1380997 0 1910003 12745223 11703135 2477520 1392414 457938 68163 96847 2045811 3032305 3506388 X 8609978 7869924 1102940 326823 9712918 8196747 12745223 11703135 -1657372 157545 -16344 0 X 0 1 X 1 0 X 9561868 7241809 5819568 10944321 7301537 40869103 9561868 7241809 5819568 10944321 7301537 40869103 1592107 39276996 43028 47015 28531 4618 60816 184008 69346 36128 60155 41590 8265 215484 41268595 80889873 0.95170 0.94180 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 190740 89140 101600 77363 77363 0 359022 333797 25225 126825 RIGHT OF USE ASSETS 1910003 1910003 FINANCE LEASE OBLIGATIONS 113810 OPERATING LEASE OBLIGATIONS 1932001 2045811 X 12248306 157545 157545 12090761 16344 16344 12107105 13764477 0 13764477 0 13764477 PART X, LINE 2: THE INTERNAL REVENUE SERVICE HAS CLASSIFIED THE ORGANIZATION AS EXEMPT FROM FEDERAL INCOME TAXES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE ("CODE"); AS AN ORGANIZATION, CONTRIBUTIONS TO WHICH ARE DEDUCTIBLE UNDER SECTION 170(C) OF THE CODE; AND AS AN ORGANIZATION THAT IS NOT A PRIVATE FOUNDATION AS DEFINED IN SECTION 509(A) OF THE CODE. U.S. GAAP REQUIRES MANAGEMENT TO EVALUATE TAX POSITIONS TAKEN AND RECOGNIZE A TAX LIABILITY, IF THE ORGANIZATION HAS TAKEN AN UNCERTAIN TAX POSITION THAT MORE LIKELY THAN NOT WOULD NOT BE SUSTAINED UPON EXAMINATION BY A GOVERNMENT AUTHORITY. MANAGEMENT HAS ANALYZED THE TAX POSITIONS TAKEN BY THE ORGANIZATION AND HAS CONCLUDED THAT AS OF JUNE 30, 2023 AND 2022, THERE ARE NO UNCERTAIN POSITIONS TAKEN OR EXPECTED TO BE TAKEN THAT WOULD REQUIRE RECOGNITION OF A LIABILITY OR DISCLOSURE IN THE FINANCIAL STATEMENTS. THE ORGANIZATION RECOGNIZES ACCRUED INTEREST AND PENALTIES ASSOCIATED WITH UNCERTAIN TAX POSITIONS, IF ANY, AS PART OF GENERAL AND ADMINISTRATIVE EXPENSES. THERE WERE NO INCOME TAX RELATED INTEREST AND PENALTIES RECORDED FOR EITHER OF THE YEARS ENDED JUNE 30, 2023 OR 2022. X X 0 0 0 0 0 0 0 0 0 REINA PROWLER CHIEF FINANCIAL OFFICER 252394 0 0 0 0 0 2641 0 27171 0 282206 0 0 0 ERICA HOLMES-WARE CHIEF PROGRAM OFFICER 212642 0 0 0 0 0 2251 0 27171 0 242064 0 0 0 NAIMAH BILAL CHIEF DEVELOPMENT OFFICER 210090 0 0 0 0 0 2059 0 11071 0 223220 0 0 0 MICHELLE ALLEN REGIONAL EXECUTIVE DIRECTOR 175647 0 0 0 0 0 1848 0 17820 0 195315 0 0 0 CARYN HENNING DIRECTOR OF PROFESSIONAL DEVELOPMENT 176643 0 0 0 0 0 1804 0 14018 0 192465 0 0 0 KRISTEN BROWN DIRECTOR OF OPERATIONS 167473 0 0 0 0 0 1731 0 12518 0 181722 0 0 0 JOEL ZARROW FORMER CEO (THRU 06/11/22) 152113 0 0 0 0 0 0 0 4757 0 156870 0 0 0 JILL VALUNAS REGIONAL EXECUTIVE DIRECTOR 149585 0 0 0 0 0 0 0 727 0 150312 0 0 0 FORM 990, PART VI, SECTION B, LINE 11B THE CEO AND CHIEF FINANCIAL OFFICER WILL REVIEW THE DRAFT 990 UPON RECEIPT. IF CHANGES ARE REQUIRED OR INFORMATION ADDED, THE ASSOCIATE DIRECTOR OF ACCOUNTING WILL COMMUNICATE WITH THE AUDITORS. ONCE CLI MANAGEMENT APPROVES THE DRAFT, A COPY IS PROVIDED TO THE FINANCE COMMITTEE FOR THEIR REVIEW AND APPROVAL. FORM 990, PART VI, SECTION B, LINE 12C PER THE BOARD OF DIRECTORS HANDBOOK, THE CONFLICT OF INTEREST POLICY IS MONITORED AND ENFORCED. IT IS GIVEN TO ALL BOARD MEMBERS BY WAY OF AN ANNUAL BOARD OF DIRECTOR'S HANDBOOK AND IS REVIEWED ANNUALLY BY THE BOARD GOVERNANCE COMMITTEE. THE CONFLICT OF INTEREST STATEMENTS ARE DISTRIBUTED TO THE BOARD IN SEPTEMBER AND ARE SIGNED AND RETURNED BY THE BOARD MEMBERS BY 12/31. FORM 990, PART VI, SECTION B, LINE 15 PER THE BOARD OF DIRECTOR'S HANDBOOK, THE BOARD PERSONNEL COMMITTEE IS TASKED TO REVIEW THE CHIEF EXECUTIVE OFFICER'S PERFORMANCE AT LEAST ANNUALLY AND SET COMPENSATION AND GOALS THAT ARE APPROPRIATE FOR CLI. FORM 990, PART VI, SECTION C, LINE 18 IN ADDITION TO BEING AVAILABLE UPON REQUEST, CLI'S 990 IS AVAILABLE ON THE FOLLOWING WEBSITES: -CLI.ORG -GUIDESTAR -CHARITY NAVIGATOR FORM 990, PART VI, SECTION C, LINE 19 CHILDREN'S LITERACY INITIATIVE MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST.