2024-06-17T10:20:10-05:00 2023-07-31 202153727 SB & COMPANY LLC 10200 GRAND CENTRAL AVE SUITE 250 OWINGS MILLS MD 21117 990 2022-08-01 271777117 THE LITERACY LAB LITE 2025677082 1400 16TH STREET NW WASHINGTON DC 20036 DEIRDRE BAGLEY CHIEF OPERATING OFFICER 2025677082 2024-06-14 1 DEIRDRE BAGLEY XXX-XX-XXXX 0 MONIQUE BOOKER P00644231 4105840060 0 AAL1 IAL1 2022 2023-04-26 12:10:37Z DEIRDRE BAGLEY 1400 16TH STREET NW WASHINGTON DC 20036 16501198 0 X HTTPS://THELITERACYLAB.ORG/ X 2010 VA THE LITERACY LAB PROVIDES EVIDENCE-BASED, CULTURALLY RESPONSIVE LITERACY INSTRUCTION. 13 12 702 20 0 0 25124503 13651693 4109737 2705623 5226 143882 0 0 29239466 16501198 0 0 0 0 11901138 15960464 0 0 1157671 3384823 3704949 15285961 19665413 13953505 -3164215 23333778 21823450 592692 2246579 22741086 19576871 THE LITERACY LAB PROVIDES STUDENTS IN COMMUNITIES EXPERIENCING RACIAL AND/OR ECONOMIC INEQUITIES WITH EVIDENCE-BASED, CULTURALLY RESPONSIVE LITERACY INSTRUCTION AS PREPARATION FOR ACADEMIC, PROFESSIONAL, PERSONAL SUCCESS. 0 0 16263315 2705623 THE LITERACY LAB SERVES CHILDREN FROM AGE THREE THROUGH GRADE THREE. WE PARTNER WITH SCHOOL DISTRICTS TO HELP CLOSE THE LITERACY GAP LARGELY BY EMBEDDING FULL-TIME, RIGOROUSLY-TRAINED TUTORS IN EARLY CHILDHOOD CENTERS AND ELEMENTARY SCHOOLS. THE LITERACY LAB OFFERS PROGRAM SERVICES WHICH INCLUDE: SCHOOL DAY LITERACY INTERVENTION AND THE LEADING MEN FELLOWSHIP. THE ORGANIZATION SERVES CHILDREN IN ATLANTA, GA; BALTIMORE, MD; CINCINNATI, OH; KANSAS CITY, MISSOURI; WASHINGTON, DC; PHOENIX, AZ; SPRINGFILED, MA; AND VIRGINIA. 16263315 1 1 0 1 0 0 0 0 0 0 1 0 0 1 1 1 0 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 19 0 1 702 1 0 0 0 0 0 0 0 0 0 0 X 13 12 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 0 0 X DEIRDRE BAGLEY 2025677082 1400 16TH STREET NW WASHINGTON DC 20036 PRAVEEN JEYARAJAH CHAIR, BOARD OF DIRECTORS 4.00 X X 0 0 0 HUGH COLE TREASURER, BOARD OF DIRECTORS 4.00 X X 0 0 0 BETSY DUFF SECRETARY, BOARD OF DIRECTORS 4.00 X X 0 0 0 BAILEY EDELSON MEMBER 1.00 X 0 0 0 NED MANDEL MEMBER 1.00 X 0 0 0 BWEIKIA STEEN MEMBER 1.00 X 0 0 0 TERRI UPSHAW MEMBER 1.00 X 0 0 0 RACHEL GIBSON MEMBER 1.00 X 0 0 0 MELISSA CONNELLY MEMBER 1.00 X 0 0 0 BOB GIANNINO MEMBER 1.00 X 0 0 0 PETER SHULMAN MEMBER 1.00 X 0 0 0 ADEOLA WHITNEY MEMBER 1.00 X 0 0 0 HEATHER JENKINS CHIEF EXECUTIVE DIRECTOR 40.00 X 205063 0 3193 ALLEN HESS CHIEF FINANCIAL OFFICER 40.00 X 122116 0 6415 SARAH REAPE CHIEF REGIONAL OFFICER 40.00 X 132625 0 4728 HENRIETTE RECNY CHIEF PEOPLE ORGANIZATIONAL STRATEGY & EQUITY OFFI 40.00 X 142559 0 3193 MIA HARDING CHIEF IMPACT OFFICER 40.00 X 133874 0 3522 736237 0 21051 5 0 1 0 EMORY CONFERENCE CENTER HOTEL 1615 CLIFTON ROAD ATLANTA GA 30229 CONFERENCE 197682 ELEVATE 1201 CONNECTICUT AVE NW 503 WASHINGTON DC 20036 GRANTS 100740 2 9565987 4085706 13651693 LITERACY TOURING 611600 2705623 2705623 2705623 143882 143882 16501198 2705623 0 143882 815823 689540 31660 94623 12875582 10882537 1556334 436711 1078104 976860 60754 40490 1190955 1066306 68164 56485 131351 131351 358108 358108 530746 329419 65405 135922 36152 32017 2067 2068 328069 123328 193703 11038 406945 345386 61559 264222 254360 4186 5676 51451 35627 13405 2419 29689 25277 2206 2206 64514 44766 14452 5296 OTHER DIRECT PROGRAM EX 440608 440608 PROGRAM TRAINING COSTS 425044 425044 PROGRAM SUPPLIES 362397 362397 PROFESSIONAL DEVELOPMEN 215659 179075 36320 264 59994 50768 2861 6365 19665413 16263315 2244427 1157671 10685556 12512959 11263113 6867432 980705 440673 297489 436365 264197 216848 77038 47349 29877 1518672 23333778 21823450 545075 688986 47617 1557593 592692 2246579 X 18432086 16413121 4309000 3163750 22741086 19576871 23333778 21823450 -3164215 0 X X 0 1 X 1 1 1 X 7949066 11049750 10200615 25124503 13651693 67975627 7949066 11049750 10200615 25124503 13651693 67975627 67975627 41495 55274 12510 5226 143882 258387 68234014 0.99620 0.82830 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 358108 358108 15098359 15456467 922823 230706 0 0 42358 66795 78973 922823 1110949 1666424 358108 358108 211789 333975 394867 230706 1171337 1757006 1059 16699 19473 37231 264197 216848 47349 47349 SECURITY DEPOSITS 37786 RIGHT OF USE - OPERATING 1480886 1518672 DEFFERED RENT LIABILITY 581 LEASE LIABILITY - OPERATING 1557012 1557593 X 16611505 110307 110307 16501198 0 16501198 19775720 110307 110307 19665413 0 19665413 PART X, LINE 2: THE ORGANIZATION IS EXEMPT FROM FEDERAL INCOME TAXES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. ACCOUNTING PRINCIPLES GENERALLY ACCEPTED IN THE UNITED STATES OF AMERICA PROVIDE CONSISTENT GUIDANCE FOR THE ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES RECOGNIZED IN AN ENTITY'S FINANCIAL STATEMENTS AND PRESCRIBE A THRESHOLD OF "MORE LIKELY THAN NOT" FOR RECOGNITION OF TAX POSITIONS TAKEN OR EXPECTED TO BE TAKEN IN A TAX RETURN. THE ORGANIZATION PERFORMED AN EVALUATION OF UNCERTAIN TAX POSITIONS AS OF JULY 31, 2023 AND 2022, AND DETERMINED THAT THERE WERE NO MATTERS THAT WOULD REQUIRE RECOGNITION IN THE FINANCIAL STATEMENTS OR WHICH MAY HAVE ANY EFFECT ON ITS TAX-EXEMPT STATUS. AS OF JULY 31, 2023, THE STATUTE OF LIMITATIONS FOR FISCAL YEARS 2020 THROUGH 2023 REMAINS OPEN WITH THE U.S. FEDERAL JURISDICTION OR THE VARIOUS STATES AND LOCAL JURISDICTIONS IN WHICH THE ORGANIZATION WOULD BE REQUIRED TO FILE TAX RETURNS. X X X X X 0 0 0 0 0 0 0 0 0 HEATHER JENKINS CHIEF EXECUTIVE DIRECTOR 204823 0 0 0 240 0 0 0 3193 0 208256 0 0 0 FORM 990, PART VI, SECTION B, LINE 11B THE DRAFT 990 IS PROVIDED TO THE BOARD MEMBERS FOR REVIEW AND COMMENT, WITH QUESTIONS PRESENTED TO THE HIRED PREPARER, AND MODIFICATIONS MADE BEFORE FINALIZING AND FILING. FORM 990, PART VI, SECTION B, LINE 12C CONFLICT OF INTEREST FORMS ARE REQUIRED TO BE SIGNED ANNUALLY BY THE BOARD OF DIRECTORS AND UPON BEING APPOINTED TO THE BOARD. BOARD MEMBERS ATTEST TO REVIEWING THE CONFLICT OF INTEREST POLICY. THE FULL BOARD ASSESSES CONFLICT RISKS WITH ITS TRANSACTIONS AND DETERMINES RESTRICTIONS BASED ON CONFLICTS. FORM 990, PART VI, SECTION B, LINE 15A THE COMPENSATION COMMITTEE OF THE BOARD OF DIRECTORS REVIEWS THE PERFORMANCE OF THE CEO ANNUALLY AND DETERMINES THE SALARY USING GUIDESTAR AND CHARITY NAVIGATOR SALARY RANGE DATA FOR COMPARABLE POSITIONS. KEY EMPLOYEE SALARIES ARE DETERMINED USING POSITIVELY PARTNERS EXTERNAL COMPENSATION STUDY TO ALIGN SALARIES BASED ON MARKET ANALYSIS FORM 990, PART VI, SECTION C, LINE 19 THE LITERACY LAB MAKES ITS GOVERNMENT DOCUMENTS, CONFLICTS OF INTEREST POLICY AND FINANCIAL STATEMETNS AVAILABLE FOR PUBLIC INSPECTION UPON REQUEST. IN ADDITION, THE LITERACY LAB WILL MAINTAIN ITS FORM 990 IN GUIDESTAR'S DATABASE OF INFORMATION OF NON-PROFIT ORGANIZATIONS PART XII, LINE 2C PROCESS HAS NOT CHANGED SINCE PRIOR YEAR.