2025-04-28T14:24:58-05:00 2024-06-30 133628255 CONDON O'MEARA MCGINTY & DONNELLY LLP ONE BATTERY PARK PLAZA 7TH FL NEW YORK NY 10004 990 2023-07-01 133911331 LITERACY INC LITE 2126205462 5030 BROADWAY 641 NEW YORK NY 10034 KOSHA UDANI TREASURER 2126205462 2025-04-28 1 0 ALEXANDER LAZZARUOLO P01775353 2126617777 2023 2025-03-06 01:10:19Z LINC KOSHA UDANI 5030 BROADWAY 641 NEW YORK NY 10034 12336022 0 X WWW.LINCNYC.ORG X 1996 NY LINC EQUIPS CHILDREN WITH FOUNDATIONAL LITERACY SKILLS BY EMPOWERING FAMILIES AND COMMUNITIES. 25 25 57 26 0 0 5022611 7362122 0 0 19299 139194 49887 814230 5091797 8315546 0 0 0 0 3776548 4413029 0 0 513694 1379346 1287328 5155894 5700357 -64097 2615189 6536572 9133070 556645 480370 5979927 8652700 X SEE SCHEDULE O 0 0 4691706 LINC DELIVERED 692 READING PROGRAMS FOR FAMILIES WITH CHILDREN BIRTH TO 5 ACROSS 9 NEIGHBORHOODS AND VIRTUALLY. WE WORKED WITH MORE THAN 100 PROGRAM PARTNERS, INCLUDING LIBRARIES, TO DELIVER 273 PARENT WORKSHOPS, 164 READING EVERYWHERE PROGRAMS, 242 READING DISCOVERY PROGRAMS, AND 13 READING CELEBRATIONS. LINC SERVED 3,116 FAMILIES, ENGAGING OVER 900 CAREGIVERS TO RETURN AND BECOME LEADERS AND DEVELOPING 302 CAREGIVERS INTO CHAMPIONS. NEARLY 200 FAMILIES PARTICIPATED IN DIVERSITY THROUGH LITERACY EVENTS IN APRIL 2024 AND 60 FAMILIES PARTICIPATED IN READING ON THE RAILS IN JULY 2023. LINC COORDINATES CITY'S FIRST READERS, A COLLABORATION OF 17 NYC NONPROFIT ORGANIZATIONS THAT REACHED 1 MILLION FAMILIES LAST YEAR. 4691706 1 1 0 0 0 0 0 0 0 1 1 1 0 0 1 0 1 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 1 14 0 1 57 1 0 0 0 0 0 0 0 0 0 0 0 0 X 25 25 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 NY X X JESSICA GOLDFARB COO & ELIZABETH MCGOWAN GRANT MANAGER 2126205462 5030 BROADWAY 641 NEW YORK NY 10034 CARLOS RODRIGUEZ CHAIR 2.00 X X 0 0 0 MARY FRATTO ROWE VICE CHAIR 2.00 X X 0 0 0 ROBERT SPIERER SECRETARY 2.00 X X 0 0 0 KOSHA UDANI TREASURER 2.00 X X 0 0 0 TRACY DOCKRAY DIRECTOR 2.00 X 0 0 0 WILLIAM ESTILO DIRECTOR 2.00 X 0 0 0 CARL FOLTA DIRECTOR 2.00 X 0 0 0 JOHN GALISKI DIRECTOR 2.00 X 0 0 0 JOHN HALLEY DIRECTOR 2.00 X 0 0 0 JORDAN HALPERN-LEISTNER DIRECTOR 2.00 X 0 0 0 HELENE JAFFE DIRECTOR 2.00 X 0 0 0 NAHID LAKHANI DIRECTOR 2.00 X 0 0 0 DAN LEE DIRECTOR 2.00 X 0 0 0 JAMES E LIEBER DIRECTOR 2.00 X 0 0 0 PAT MITCHELL DIRECTOR 2.00 X 0 0 0 ANDREA NEWBORN DIRECTOR 2.00 X 0 0 0 SUSAN ELKIND ORCHANT DIRECTOR 2.00 X 0 0 0 JOHN PANTALENA DIRECTOR 2.00 X 0 0 0 VICTOR PICHARDO JR DIRECTOR 2.00 X 0 0 0 CLARE PREMO PEREZ DIRECTOR 2.00 X 0 0 0 RON RENTEL DIRECTOR 2.00 X 0 0 0 ANN SHORT DIRECTOR 2.00 X 0 0 0 ANDREW SPRING DIRECTOR 2.00 X 0 0 0 STEPHANIE YOUNG DIRECTOR 2.00 X 0 0 0 SONIA ORTIZ-GULARDO DIRECTOR 2.00 X 0 0 0 SHARI LEVINE CHIEF EXECUTIVE OFFICER 40.00 X 120968 0 13152 CARLA GODOY DEPUTY DIRECTOR 40.00 X 147008 0 2940 EMMANUEL NOVY CHIEF OF STRATEGIC INITIATIVES 40.00 X 133008 0 2137 KATIE GARDNER-BOEHM CHIEF OF STAFF/ MAJOR GIFTS OFFICER 40.00 X 126300 0 7482 JESSICA GOLDFARB CHIEF OPERATING OFFICER 40.00 X 119610 0 13392 646894 0 39103 5 0 0 0 SHARED VALUE MEDIA 3951 HIGUERA STREET CULVER CITY CA 90232 MARKETING & MEDIA SUPPORT 265440 APTER & O'CONNOR 8473 E SENECA TURNPIKE MANLUIS NY 13104 PROGRAM EVALUATION CONSULTING 145000 2 595802 2244518 4521802 155515 7362122 88942 88942 3887963 3837711 50252 50252 50252 182765 595802 182765 0 CARES ACT - ERTC 900099 758481 758481 OTHER REVENUE 900099 55749 55749 814230 8315546 0 0 953424 X 159086 129863 13313 15910 3573432 2917023 299043 357366 55748 45508 4665 5575 322791 263497 27013 32281 301972 246503 25270 30199 5000 3720 1193 87 84514 62869 20167 1478 686933 569282 83115 34536 72477 61530 4667 6280 10725 9105 691 929 103653 87996 6675 8982 21029 17853 1354 1822 PROGRAM EXPENSE 164495 161754 1168 1573 MISCELLANEOUS 96425 74126 5623 16676 DONATED BOOKS / MATERIA 42077 41077 1000 5700357 4691706 494957 513694 435619 565048 532364 420372 3264644 2262716 168746 38249 51597 49035 24381 24381 0 0 2071582 5686992 12020 110658 6536572 9133070 556645 171919 0 308451 556645 480370 X 3423181 3960171 2556746 4692529 5979927 8652700 6536572 9133070 2615189 57584 0 X 0 1 X 1 1 1 X 3948046 3843842 6508013 5022611 7362122 26684634 3948046 3843842 6508013 5022611 7362122 26684634 3579680 23104954 530 234 368 15130 88942 105204 181310 49887 814230 1045427 27835265 71667 0.83010 0.82140 X SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: MISCELLANEOUS - 2022 AMOUNT: $ 49,887. 2023 AMOUNT: $ 55,749. ERTC - 2021 AMOUNT: $ 181,310. 2023 AMOUNT: $ 758,481. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 3556746 3940763 1804980 5692529 2793873 1925000 2162127 3556746 1452711 2946000 1604838 2793873 1567296 1091000 1205585 1452711 1308562 1400550 1141816 1567296 0.17566 0.82433 0 0 24381 24381 0 0 INVESTMENTS IN U.S. TREASURY BILLS 5686992 F 5686992 OPERATING LEASE PAYABLE 308451 308451 8426712 57584 53582 111166 8315546 0 8315546 5753939 53582 53582 5700357 0 5700357 PART V, LINE 4: TEMPORARILY RESTRICTED NET ASSETS CONSIST OF CONTRIBUTIONS THAT ARE RESTRICTED BY THE DONOR FOR A SPECIFIC PROJECT OR PURPOSE OR RELATE TO FUTURE PERIODS. DURING MARCH 2023, THE BOARD OF DIRECTORS APPROVED THE ESTABLISHMENT OF A BOARD DESIGNATED FUND WHICH WAS FUNDED BY A $1,000,000 TRANSFER FROM UNDESIGNATED WITHOUT DONOR RESTRICTED FUNDS. THE PURPOSE OF THIS FUND IS TO ENABLE LINC TO UNDERTAKE PROJECTS NOT OTHERWISE SUPPORTED BY LINC'S REGULAR FUNDRAISING AND OTHER REVENUE-GENERATING ACTIVITIES, SUPPORT ESTABLISHED PROGRAM PRIORITIES, SUPPORT CAPITAL EXPENDITURES, HELP OFFSET OPERATING DEFICITS OR UNBUDGETED EXPENDITURES, AND SUPPORT OTHER PROGRAMS, ACTIVITIES AND OPERATIONS. GALA 778567 595802 182765 182765 778567 595802 182765 182765 182765 0 X 8 113438 FMV X BOOKS/MATERIALS 10 42077 FMV 0 0 0 FORM 990, PART III, LINE 1 LITERACY INC. EQUIPS CHILDREN WITH FOUNDATIONAL LITERACY SKILLS ESSENTIAL FOR ACADEMIC ACHIEVEMENT BY EMPOWERING FAMILIES AND MOBILIZING THE COMMUNITY. FORM 990, PART VI, SECTION B, LINE 11B A DRAFT OF THE FORM 990 IS E-MAILED TO BOARD MEMBERS FOR COMMENT BEFORE FILING. FORM 990, PART VI, SECTION B, LINE 12C TO REGULARLY MONITOR AND ENFORCE COMPLIANCE WITH THE LINC'S CONFLICT OF INTEREST POLICY, ANNUAL CONFLICT OF INTEREST STATEMENTS ARE SIGNED. FORM 990, PART VI, SECTION B, LINE 15 THE BOARD OF DIRECTORS CONDUCTS A YEARLY PERFORMANCE REVIEW OF THE EXECUTIVE DIRECTOR AND SETS THE SALARY FOR THE NEW YEAR. THIS IS DONE IN SEPTEMBER. FORM 990, PART VI, SECTION C, LINE 19 LINC MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AVAILABLE UPON REQUEST. FINANCE HAS A GOOGLE DRIVE LOCATION FOR ALL POLICIES , HANDBOOKS AND PROCESS MEMOS. THE FINANCIAL STATEMENTS ARE AVAILABLE ON THE LINC WEBSITE. FORM 990, PART IX, LINE 11G PROFESSIONAL FEES: PROGRAM SERVICE EXPENSES 158,878. MANAGEMENT AND GENERAL EXPENSES 50,965. FUNDRAISING EXPENSES 3,735. TOTAL EXPENSES 213,578. STAFF DEVELOPMENT & TRAINING: PROGRAM SERVICE EXPENSES 39,570. MANAGEMENT AND GENERAL EXPENSES 3,001. FUNDRAISING EXPENSES 4,039. TOTAL EXPENSES 46,610. CONSULTANTS: PROGRAM SERVICE EXPENSES 361,033. MANAGEMENT AND GENERAL EXPENSES 28,405. FUNDRAISING EXPENSES 25,762. TOTAL EXPENSES 415,200. PAYROLL PROCESSING SERVICES: PROGRAM SERVICE EXPENSES 9,801. MANAGEMENT AND GENERAL EXPENSES 744. FUNDRAISING EXPENSES 1,000. TOTAL EXPENSES 11,545.