LITERACY INC: Form 990, tax year 2020

View the entire original 990 at ProPublica ↗

Organization
LITERACY INC (EIN 13-3911331)
Tax period
2020-07-01 to 2021-06-30
Filed
2022-05-16
IRS object ID
202221369349304712
Schema version
2020v4.2
Source
Download XML · Original 990 at ProPublica

Every field in the e-filed return. Faint text is the IRS element name, for citing.

Return header ReturnHeader

FieldValueIRS element (for citing)
Return2022-05-16T10:13:17-05:00ReturnTs
Tax Period End2021-06-30TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

FieldValueIRS element (for citing)
Preparer Firm EIN133628255PreparerFirmEIN

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1CONDON O'MEARA MCGINTY & DONNELLY LLPBusinessNameLine1Txt

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line1ONE BATTERY PARK PLAZA 7TH FLAddressLine1Txt
CityNEW YORKCityNm
State AbbreviationNYStateAbbreviationCd
ZIP10004ZIPCd
FieldValueIRS element (for citing)
Return Type990ReturnTypeCd
Tax Period Begin2020-07-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN133911331EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1LITERACY INCBusinessNameLine1Txt
FieldValueIRS element (for citing)
Business Name ControlLITEBusinessNameControlTxt
Phone2126205462PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line15030 BROADWAY NO 641AddressLine1Txt
CityNEW YORKCityNm
State AbbreviationNYStateAbbreviationCd
ZIP10034ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonJACQUELINE A KAIKOPersonNm
Person TitleTREASURERPersonTitleTxt
Phone2126205462PhoneNum
Signature2022-04-05SignatureDt
Discuss With Paid PreparerYes (1)DiscussWithPaidPreparerInd

Signing Officer SigningOfficerGrp

Person Full Name PersonFullName

FieldValueIRS element (for citing)
Person FirstJACQUELINEPersonFirstNm
Person LastKAIKOPersonLastNm
FieldValueIRS element (for citing)
SSN999009999SSN

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonALEXANDER LAZZARUOLOPreparerPersonNm
PTINP01775353PTIN
Phone2126617777PhoneNum

Additional Filer Information AdditionalFilerInformation

Trusted Customer TrustedCustomerGrp

FieldValueIRS element (for citing)
Trusted Customer2TrustedCustomerCd
Authentication Assurance LevelAAL1AuthenticationAssuranceLevelCd
Identity Assurance LevelIAL1IdentityAssuranceLevelCd
FieldValueIRS element (for citing)
Tax2020TaxYr
Build TS2022-09-23 18:48:47ZBuildTS

Form 990 IRS990

Doing Business As Name DoingBusinessAsName

FieldValueIRS element (for citing)
Business Name Line1LINCBusinessNameLine1Txt
FieldValueIRS element (for citing)
Principal OfficerJACQUELINE A KAIKOPrincipalOfficerNm

US Address USAddress

FieldValueIRS element (for citing)
Address Line15030 BROADWAY NO 641AddressLine1Txt
CityNEW YORKCityNm
State AbbreviationNYStateAbbreviationCd
ZIP10034ZIPCd
FieldValueIRS element (for citing)
Gross Receipts$5,341,553GrossReceiptsAmt
Group Return For Affiliates0GroupReturnForAffiliatesInd
Organization501c3Yes (X)Organization501c3Ind
Website AddressWWW.LINCNYC.ORGWebsiteAddressTxt
Type Of Organization CorpYes (X)TypeOfOrganizationCorpInd
Formation1996FormationYr
Legal Domicile StateNYLegalDomicileStateCd
Activity Or MissionTO ENGAGE FAMILIES AND COMMUNITIES TO SUPPORT YOUNG READERS IN HIGH NEED AREAS.ActivityOrMissionDesc
Voting Members Governing Body26VotingMembersGoverningBodyCnt
Voting Members Independent26VotingMembersIndependentCnt
Total Employee51TotalEmployeeCnt
Total Volunteers110TotalVolunteersCnt
Total Gross UBI$0TotalGrossUBIAmt
Net Unrelated Bus Txbl Incm$0NetUnrelatedBusTxblIncmAmt
PY Contributions Grants$4,039,746PYContributionsGrantsAmt
CY Contributions Grants$3,843,842CYContributionsGrantsAmt
PY Program Service Revenue$49,500PYProgramServiceRevenueAmt
CY Program Service Revenue$22,167CYProgramServiceRevenueAmt
PY Investment Income$2,839PYInvestmentIncomeAmt
CY Investment Income-$1,304CYInvestmentIncomeAmt
PY Other Revenue$49,064PYOtherRevenueAmt
CY Other Revenue$35,000CYOtherRevenueAmt
PY Total Revenue$4,141,149PYTotalRevenueAmt
CY Total Revenue$3,899,705CYTotalRevenueAmt
PY Grants And Similar Paid$0PYGrantsAndSimilarPaidAmt
CY Grants And Similar Paid$0CYGrantsAndSimilarPaidAmt
PY Benefits Paid To Members$0PYBenefitsPaidToMembersAmt
CY Benefits Paid To Members$0CYBenefitsPaidToMembersAmt
PY Salaries Comp Emp Bnft Paid$2,722,457PYSalariesCompEmpBnftPaidAmt
CY Salaries Comp Emp Bnft Paid$2,681,012CYSalariesCompEmpBnftPaidAmt
PY Total Prof Fndrsng Expns$49,064PYTotalProfFndrsngExpnsAmt
CY Total Prof Fndrsng Expns$35,000CYTotalProfFndrsngExpnsAmt
CY Total Fundraising Expense$455,790CYTotalFundraisingExpenseAmt
PY Other Expenses$826,192PYOtherExpensesAmt
CY Other Expenses$833,643CYOtherExpensesAmt
PY Total Expenses$3,597,713PYTotalExpensesAmt
CY Total Expenses$3,549,655CYTotalExpensesAmt
PY Revenues Less Expenses$543,436PYRevenuesLessExpensesAmt
CY Revenues Less Expenses$350,050CYRevenuesLessExpensesAmt
Total Assets BOY$4,273,397TotalAssetsBOYAmt
Total Assets EOY$4,595,330TotalAssetsEOYAmt
Total Liabilities BOY$812,407TotalLiabilitiesBOYAmt
Total Liabilities EOY$784,841TotalLiabilitiesEOYAmt
Net Assets Or Fund Balances BOY$3,460,990NetAssetsOrFundBalancesBOYAmt
Net Assets Or Fund Balances EOY$3,810,489NetAssetsOrFundBalancesEOYAmt
Info In Schedule O Part IIIYes (X)InfoInScheduleOPartIIIInd
MissionSEE SCHEDULE OMissionDesc
Significant New Program Srvc0SignificantNewProgramSrvcInd
Significant Change0SignificantChangeInd
Expense$2,810,819ExpenseAmt
Revenue$22,167RevenueAmt
DescSEE SCHEDULE ODesc
Total Program Service Expenses$2,810,819TotalProgramServiceExpensesAmt
Described In Section501c3Yes (1)DescribedInSection501c3Ind
Schedule B RequiredYes (1)ScheduleBRequiredInd
Political Campaign Acty0PoliticalCampaignActyInd
Lobbying Activities0LobbyingActivitiesInd
Subject To Proxy Tax0SubjectToProxyTaxInd
Donor Advised Fund0DonorAdvisedFundInd
Conservation Easements0ConservationEasementsInd
Collections Of Art0CollectionsOfArtInd
Credit Counseling0CreditCounselingInd
Donor Rstr Or Quasi EndowmentsYes (1)DonorRstrOrQuasiEndowmentsInd
Report Land Building EquipmentYes (1)ReportLandBuildingEquipmentInd
Report Investments Other SecYes (1)ReportInvestmentsOtherSecInd
Report Program Related Invst0ReportProgramRelatedInvstInd
Report Other Assets0ReportOtherAssetsInd
Report Other LiabilitiesYes (1)ReportOtherLiabilitiesInd
Include FIN48 Footnote0IncludeFIN48FootnoteInd
Independent Audit Fincl StmtYes (1)IndependentAuditFinclStmtInd
Consolidated Audit Fincl Stmt0ConsolidatedAuditFinclStmtInd
School Operating0SchoolOperatingInd
Foreign Office0ForeignOfficeInd
Foreign Activities0ForeignActivitiesInd
More Than5000 K To Org0MoreThan5000KToOrgInd
More Than5000 K To Individuals0MoreThan5000KToIndividualsInd
Professional FundraisingYes (1)ProfessionalFundraisingInd
Fundraising ActivitiesYes (1)FundraisingActivitiesInd
Gaming Activities0GamingActivitiesInd
Operate Hospital0OperateHospitalInd
Grants To Organizations0GrantsToOrganizationsInd
Grants To Individuals0GrantsToIndividualsInd
Schedule J RequiredYes (1)ScheduleJRequiredInd
Tax Exempt Bonds0TaxExemptBondsInd
Engaged In Excess Benefit Trans0EngagedInExcessBenefitTransInd
PY Excess Benefit Trans0PYExcessBenefitTransInd
Loan Outstanding0LoanOutstandingInd
Grant To Related Person0GrantToRelatedPersonInd
Business Rln With Org Mem0BusinessRlnWithOrgMemInd
Business Rln With Fam Mem0BusinessRlnWithFamMemInd
Business Rln With35 Ctrl Ent0BusinessRlnWith35CtrlEntInd
Deductible Non Cash ContriYes (1)DeductibleNonCashContriInd
Deductible Art Contribution0DeductibleArtContributionInd
Terminate Operations0TerminateOperationsInd
Partial Liquidation0PartialLiquidationInd
Disregarded Entity0DisregardedEntityInd
Related Entity0RelatedEntityInd
Related Organization Ctrl Ent0RelatedOrganizationCtrlEntInd
Trnsfr Exmpt Non Chrtbl Rltd Org0TrnsfrExmptNonChrtblRltdOrgInd
Activities Conducted Prtshp0ActivitiesConductedPrtshpInd
Schedule O RequiredYes (1)ScheduleORequiredInd
IRP Document16IRPDocumentCnt
IRP Document W2 G0IRPDocumentW2GCnt
Backup Wthld ComplianceYes (1)BackupWthldComplianceInd
Employee51EmployeeCnt
Employment Tax Returns FiledYes (1)EmploymentTaxReturnsFiledInd
Unrelated Bus Incm Over Limit0UnrelatedBusIncmOverLimitInd
Foreign Financial Account0ForeignFinancialAccountInd
Prohibited Tax Shelter Trans0ProhibitedTaxShelterTransInd
Taxable Party Notification0TaxablePartyNotificationInd
Nondeductible Contributions0NondeductibleContributionsInd
Quid Pro Quo Contributions0QuidProQuoContributionsInd
Form8282 Property Disposed Of0Form8282PropertyDisposedOfInd
Rcv Fnds To Pay Prsnl Bnft Cntrct0RcvFndsToPayPrsnlBnftCntrctInd
Pay Premiums Prsnl Bnft Cntrct0PayPremiumsPrsnlBnftCntrctInd
Indoor Tanning Services0IndoorTanningServicesInd
Subj To Tax Rmnrtn Ex Prcht Pymt0SubjToTaxRmnrtnExPrchtPymtInd
Subject To Excs Tax Net Invst Inc0SubjectToExcsTaxNetInvstIncInd
Info In Schedule O Part VIYes (X)InfoInScheduleOPartVIInd
Governing Body Voting Members26GoverningBodyVotingMembersCnt
Independent Voting Member26IndependentVotingMemberCnt
Family Or Business Rln0FamilyOrBusinessRlnInd
Delegation Of Mgmt Duties0DelegationOfMgmtDutiesInd
Change To Org Documents0ChangeToOrgDocumentsInd
Material Diversion Or Misuse0MaterialDiversionOrMisuseInd
Members Or Stockholders0MembersOrStockholdersInd
Election Of Board Members0ElectionOfBoardMembersInd
Decisions Subject To Approva0DecisionsSubjectToApprovaInd
Minutes Of Governing BodyYes (1)MinutesOfGoverningBodyInd
Minutes Of CommitteesYes (1)MinutesOfCommitteesInd
Officer Mailing Address0OfficerMailingAddressInd
Local Chapters0LocalChaptersInd
Form990 Provided To Gvrn BodyYes (1)Form990ProvidedToGvrnBodyInd
Conflict Of Interest PolicyYes (1)ConflictOfInterestPolicyInd
Annual Disclosure Covered PrsnYes (1)AnnualDisclosureCoveredPrsnInd
Regular Monitoring EnfrcYes (1)RegularMonitoringEnfrcInd
Whistleblower PolicyYes (1)WhistleblowerPolicyInd
Document Retention PolicyYes (1)DocumentRetentionPolicyInd
Compensation Process CEOYes (1)CompensationProcessCEOInd
Compensation Process OtherYes (1)CompensationProcessOtherInd
Investment In Joint Venture0InvestmentInJointVentureInd
States Where Copy Of Return Is FldNYStatesWhereCopyOfReturnIsFldCd
Own WebsiteYes (X)OwnWebsiteInd
Other WebsiteYes (X)OtherWebsiteInd
Upon RequestYes (X)UponRequestInd

Books In Care Of Detail BooksInCareOfDetail

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1SHARI LEVINEBusinessNameLine1Txt
FieldValueIRS element (for citing)
Phone2126205462PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line15030 BROADWAY NO 641AddressLine1Txt
CityNEW YORKCityNm
State AbbreviationNYStateAbbreviationCd
ZIP10034ZIPCd

Form990 Part VII Section A Form990PartVIISectionAGrp (27 entries)

TitleTitleTxtAverage Hours Per WeekAverageHoursPerWeekRtIndividual Trustee Or DirectorIndividualTrusteeOrDirectorIndOfficerOfficerIndReportable Comp From OrgReportableCompFromOrgAmtReportable Comp From Rltd OrgReportableCompFromRltdOrgAmtOther CompensationOtherCompensationAmt
CARLOS RODRIGUEZ
CHAIRPERSON2.00Yes (X)Yes (X)$0$0$0
MARY FRATTO ROWE
VICE CHAIR2.00Yes (X)Yes (X)$0$0$0
JACQUELINE A KAIKO
TREASURER2.00Yes (X)Yes (X)$0$0$0
KOSHA UDANI
ASSISTANT TREASURER2.00Yes (X)Yes (X)$0$0$0
ROBERT E SPIERER
SECRETARY2.00Yes (X)Yes (X)$0$0$0
MIMI LEVIN LIEBER
FOUNDER2.00Yes (X)$0$0$0
CARL D FOLTA
DIRECTOR2.00Yes (X)$0$0$0
SONIA ORTIZ-GULARDO
DIRECTOR2.00Yes (X)$0$0$0
DONOVAN CAMPBELL
DIRECTOR2.00Yes (X)$0$0$0
STEVEN CRABBE
DIRECTOR2.00Yes (X)$0$0$0
TRACY DOCKRAY
DIRECTOR2.00Yes (X)$0$0$0
JOHN HALLEY
DIRECTOR2.00Yes (X)$0$0$0
HELENE D JAFFE
DIRECTOR2.00Yes (X)$0$0$0
DAN LEE
DIRECTOR2.00Yes (X)$0$0$0
JOHN PANTALENA
DIRECTOR2.00Yes (X)$0$0$0
STEPHANIE YOUNG
DIRECTOR2.00Yes (X)$0$0$0
RON RENTEL
DIRECTOR2.00Yes (X)$0$0$0
ANN SHORT
DIRECTOR2.00Yes (X)$0$0$0
SUSAN ELKIND ORCHANT
DIRECTOR2.00Yes (X)$0$0$0
JOHN GALISKI
DIRECTOR2.00Yes (X)$0$0$0
ANDREW SPRING
DIRECTOR2.00Yes (X)$0$0$0
SYLVAIN GRANDE
DIRECTOR2.00Yes (X)$0$0$0
NASREEN DAVIDSON
DIRECTOR2.00Yes (X)$0$0$0
CLARE PREMO PEREZ
DIRECTOR2.00Yes (X)$0$0$0
JORDAN HALPERN-LEISTNER
DIRECTOR2.00Yes (X)$0$0$0
NAHID LAKHANI
DIRECTOR2.00Yes (X)$0$0$0
SHARI LEVINE
EXECUTIVE DIRECTOR40.00Yes (X)$112,500$0$41,181
FieldValueIRS element (for citing)
Total Reportable Comp From Org$112,500TotalReportableCompFromOrgAmt
Tot Reportable Comp Rltd Org$0TotReportableCompRltdOrgAmt
Total Other Compensation$41,181TotalOtherCompensationAmt
Indiv Rcvd Greater Than100 K1IndivRcvdGreaterThan100KCnt
Former Ofcr Employees Listed0FormerOfcrEmployeesListedInd
Total Comp Greater Than150 KYes (1)TotalCompGreaterThan150KInd
Compensation From Other Srcs0CompensationFromOtherSrcsInd
Cntrct Rcvd Greater Than100 K0CntrctRcvdGreaterThan100KCnt
Fundraising$655,547FundraisingAmt
Government Grants$1,616,318GovernmentGrantsAmt
All Other Contributions$1,571,977AllOtherContributionsAmt
Noncash Contributions$115,039NoncashContributionsAmt
Total Contributions$3,843,842TotalContributionsAmt

Program Service Revenue ProgramServiceRevenueGrp

FieldValueIRS element (for citing)
DescFEES FOR SERVICESDesc
Business900099BusinessCd
Total Revenue Column$22,167TotalRevenueColumnAmt
Related Or Exempt Func Income$22,167RelatedOrExemptFuncIncomeAmt
FieldValueIRS element (for citing)
Total Program Service Revenue$22,167TotalProgramServiceRevenueAmt

Investment Income InvestmentIncomeGrp

FieldValueIRS element (for citing)
Total Revenue Column$234TotalRevenueColumnAmt
Exclusion$234ExclusionAmt

Gross Amount Sales Assets GrossAmountSalesAssetsGrp

FieldValueIRS element (for citing)
Securities$1,427,582SecuritiesAmt

Less Cost Oth Basis Sales Expnss LessCostOthBasisSalesExpnssGrp

FieldValueIRS element (for citing)
Securities$1,429,120SecuritiesAmt

Gain Or Loss GainOrLossGrp

FieldValueIRS element (for citing)
Securities-$1,538SecuritiesAmt

Net Gain Or Loss Investments NetGainOrLossInvestmentsGrp

FieldValueIRS element (for citing)
Total Revenue Column-$1,538TotalRevenueColumnAmt
Exclusion-$1,538ExclusionAmt
FieldValueIRS element (for citing)
Fundraising Gross Income$47,728FundraisingGrossIncomeAmt
Contri Rpt Fundraising Event$655,547ContriRptFundraisingEventAmt
Fundraising Direct Expenses$12,728FundraisingDirectExpensesAmt

Net Incm From Fundraising Evt NetIncmFromFundraisingEvtGrp

FieldValueIRS element (for citing)
Total Revenue Column$35,000TotalRevenueColumnAmt
Exclusion$35,000ExclusionAmt

Total Revenue TotalRevenueGrp

FieldValueIRS element (for citing)
Total Revenue Column$3,899,705TotalRevenueColumnAmt
Related Or Exempt Func Income$22,167RelatedOrExemptFuncIncomeAmt
Unrelated Business Revenue$0UnrelatedBusinessRevenueAmt
Exclusion$33,696ExclusionAmt

Comp Current Ofcr Directors CompCurrentOfcrDirectorsGrp

FieldValueIRS element (for citing)
Total$159,029TotalAmt
Program Services$126,225ProgramServicesAmt
Management And General$12,895ManagementAndGeneralAmt
Fundraising$19,909FundraisingAmt

Other Salaries And Wages OtherSalariesAndWagesGrp

FieldValueIRS element (for citing)
Total$2,187,695TotalAmt
Program Services$1,736,424ProgramServicesAmt
Management And General$177,385ManagementAndGeneralAmt
Fundraising$273,886FundraisingAmt

Pension Plan Contributions PensionPlanContributionsGrp

FieldValueIRS element (for citing)
Total$17,031TotalAmt
Program Services$13,518ProgramServicesAmt
Management And General$1,381ManagementAndGeneralAmt
Fundraising$2,132FundraisingAmt

Other Employee Benefits OtherEmployeeBenefitsGrp

FieldValueIRS element (for citing)
Total$125,453TotalAmt
Program Services$99,574ProgramServicesAmt
Management And General$10,172ManagementAndGeneralAmt
Fundraising$15,707FundraisingAmt

Payroll Taxes PayrollTaxesGrp

FieldValueIRS element (for citing)
Total$191,804TotalAmt
Program Services$152,239ProgramServicesAmt
Management And General$15,552ManagementAndGeneralAmt
Fundraising$24,013FundraisingAmt

Fees For Services Accounting FeesForServicesAccountingGrp

FieldValueIRS element (for citing)
Total$51,111TotalAmt
Program Services$43,266ProgramServicesAmt
Management And General$6,799ManagementAndGeneralAmt
Fundraising$1,046FundraisingAmt

Fees For Services Prof Fundraising FeesForServicesProfFundraising

FieldValueIRS element (for citing)
Total$35,000TotalAmt
Fundraising$35,000FundraisingAmt

Fees For Services Other FeesForServicesOtherGrp

FieldValueIRS element (for citing)
Total$309,313TotalAmt
Program Services$214,410ProgramServicesAmt
Management And General$43,059ManagementAndGeneralAmt
Fundraising$51,844FundraisingAmt

Office Expenses OfficeExpensesGrp

FieldValueIRS element (for citing)
Total$37,844TotalAmt
Program Services$27,765ProgramServicesAmt
Management And General$5,700ManagementAndGeneralAmt
Fundraising$4,379FundraisingAmt

Occupancy OccupancyGrp

FieldValueIRS element (for citing)
Total$73,312TotalAmt
Program Services$57,895ProgramServicesAmt
Management And General$7,082ManagementAndGeneralAmt
Fundraising$8,335FundraisingAmt

Depreciation Depletion DepreciationDepletionGrp

FieldValueIRS element (for citing)
Total$715TotalAmt
Program Services$568ProgramServicesAmt
Management And General$57ManagementAndGeneralAmt
Fundraising$90FundraisingAmt

Insurance InsuranceGrp

FieldValueIRS element (for citing)
Total$12,757TotalAmt
Program Services$10,126ProgramServicesAmt
Management And General$1,034ManagementAndGeneralAmt
Fundraising$1,597FundraisingAmt

Other Expenses OtherExpensesGrp (3 entries)

DescDescTotalTotalAmtProgram ServicesProgramServicesAmtManagement And GeneralManagementAndGeneralAmtFundraisingFundraisingAmt
PROGRAM EXPENSE$239,400$239,400
CONTRIBUTED BOOKS AND M$55,297$55,297
MISCELLANEOUS$53,894$34,112$1,930$17,852

Total Functional Expenses TotalFunctionalExpensesGrp

FieldValueIRS element (for citing)
Total$3,549,655TotalAmt
Program Services$2,810,819ProgramServicesAmt
Management And General$283,046ManagementAndGeneralAmt
Fundraising$455,790FundraisingAmt

Cash Non Interest Bearing CashNonInterestBearingGrp

FieldValueIRS element (for citing)
BOY$2,529,004BOYAmt
EOY$1,295,471EOYAmt

Savings And Temp Cash Invst SavingsAndTempCashInvstGrp

FieldValueIRS element (for citing)
BOY$294,922BOYAmt
EOY$1,777,340EOYAmt

Pledges And Grants Receivable PledgesAndGrantsReceivableGrp

FieldValueIRS element (for citing)
BOY$1,102,102BOYAmt
EOY$853,474EOYAmt

Accounts Receivable AccountsReceivableGrp

FieldValueIRS element (for citing)
BOY$53,739BOYAmt
EOY$24,908EOYAmt

Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp

FieldValueIRS element (for citing)
BOY$26,251BOYAmt
EOY$28,546EOYAmt
FieldValueIRS element (for citing)
Land Bldg Equip Cost Or Other Bss$24,381LandBldgEquipCostOrOtherBssAmt
Land Bldg Equip Accum Deprec$23,309LandBldgEquipAccumDeprecAmt

Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp

FieldValueIRS element (for citing)
BOY$1,787BOYAmt
EOY$1,072EOYAmt

Investments Other Securities InvestmentsOtherSecuritiesGrp

FieldValueIRS element (for citing)
BOY$249,922BOYAmt
EOY$599,893EOYAmt

Other Assets Total OtherAssetsTotalGrp

FieldValueIRS element (for citing)
BOY$15,670BOYAmt
EOY$14,626EOYAmt

Total Assets TotalAssetsGrp

FieldValueIRS element (for citing)
BOY$4,273,397BOYAmt
EOY$4,595,330EOYAmt

Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp

FieldValueIRS element (for citing)
BOY$321,300BOYAmt
EOY$284,841EOYAmt

Other Liabilities OtherLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$491,107BOYAmt
EOY$500,000EOYAmt

Total Liabilities TotalLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$812,407BOYAmt
EOY$784,841EOYAmt
FieldValueIRS element (for citing)
Organization Follows FASB117Yes (X)OrganizationFollowsFASB117Ind

No Donor Restriction Net Assets NoDonorRestrictionNetAssetsGrp

FieldValueIRS element (for citing)
BOY$1,893,694BOYAmt
EOY$2,357,778EOYAmt

Donor Restriction Net Assets DonorRestrictionNetAssetsGrp

FieldValueIRS element (for citing)
BOY$1,567,296BOYAmt
EOY$1,452,711EOYAmt

Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$3,460,990BOYAmt
EOY$3,810,489EOYAmt

Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$4,273,397BOYAmt
EOY$4,595,330EOYAmt
FieldValueIRS element (for citing)
Reconcilation Revenue Expnss$350,050ReconcilationRevenueExpnssAmt
Net Unrlzd Gains Losses Invst-$551NetUnrlzdGainsLossesInvstAmt
Other Changes In Net Assets$0OtherChangesInNetAssetsAmt
Method Of Accounting AccrualYes (X)MethodOfAccountingAccrualInd
Accountant Compile Or Review0AccountantCompileOrReviewInd
FS AuditedYes (1)FSAuditedInd

FS Audited Basis FSAuditedBasisGrp

FieldValueIRS element (for citing)
Separate Basis Fincl StmtYes (X)SeparateBasisFinclStmtInd
FieldValueIRS element (for citing)
Audit CommitteeYes (1)AuditCommitteeInd
Federal Grant Audit Required0FederalGrantAuditRequiredInd

Schedule A IRS990ScheduleA

FieldValueIRS element (for citing)
Public Organization170Yes (X)PublicOrganization170Ind

Gifts Grants Contri Rcvd170 GiftsGrantsContriRcvd170Grp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$2,310,579CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$3,586,162CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$3,833,859CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$3,948,046CurrentTaxYearMinus1YearAmt
Current Tax Year$3,843,842CurrentTaxYearAmt
Total$17,522,488TotalAmt

Total Calendar Year170 TotalCalendarYear170Grp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$2,310,579CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$3,586,162CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$3,833,859CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$3,948,046CurrentTaxYearMinus1YearAmt
Current Tax Year$3,843,842CurrentTaxYearAmt
Total$17,522,488TotalAmt
FieldValueIRS element (for citing)
Substantial Contributors Tot$3,171,276SubstantialContributorsTotAmt
Public Support Total170$14,351,212PublicSupportTotal170Amt

Gross Investment Income170 GrossInvestmentIncome170Grp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$717CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$676CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$778CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$530CurrentTaxYearMinus1YearAmt
Current Tax Year$234CurrentTaxYearAmt
Total$2,935TotalAmt

Other Income170 OtherIncome170Grp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$60,251CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$43,352CurrentTaxYearMinus3YearsAmt
Total$103,603TotalAmt
FieldValueIRS element (for citing)
Total Support$17,629,026TotalSupportAmt
Gross Receipts Rltd Activities$194,853GrossReceiptsRltdActivitiesAmt
Public Support CY1700.81410PublicSupportCY170Pct
Public Support PY1700.76990PublicSupportPY170Pct
Thirty Thr Pct Suprt Tests CY170Yes (X)ThirtyThrPctSuprtTestsCY170Ind

Form990 Schedule A Part VI Form990ScheduleAPartVIGrp

FieldValueIRS element (for citing)
Form And Line ReferenceSCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME:FormAndLineReferenceDesc
ExplanationMISCELLANEOUS - 2016 AMOUNT: $ 60,251. 2017 AMOUNT: $ 43,352.ExplanationTxt

Schedule B IRS990ScheduleB

Contributor Information ContributorInformationGrp

FieldValueIRS element (for citing)
ContributorRESTRICTEDContributorNum

Contributor Business Name ContributorBusinessName

FieldValueIRS element (for citing)
Business Name Line1RESTRICTEDBusinessNameLine1

Contributor US Address ContributorUSAddress

FieldValueIRS element (for citing)
Address Line1RESTRICTEDAddressLine1
Address Line2RESTRICTEDAddressLine2
CityRESTRICTEDCity
StateRESTRICTEDState
ZIP CodeRESTRICTEDZIPCode
FieldValueIRS element (for citing)
Total ContributionsRESTRICTEDTotalContributionsAmt

Schedule D IRS990ScheduleD

CY Endwmt Fund CYEndwmtFundGrp

FieldValueIRS element (for citing)
Beginning Year Balance$1,567,296BeginningYearBalanceAmt
Contributions$1,091,000ContributionsAmt
Other Expenditures$1,205,585OtherExpendituresAmt
End Year Balance$1,452,711EndYearBalanceAmt

CY Minus1 Yr Endwmt Fund CYMinus1YrEndwmtFundGrp

FieldValueIRS element (for citing)
Beginning Year Balance$1,308,562BeginningYearBalanceAmt
Contributions$1,400,550ContributionsAmt
Other Expenditures$1,141,816OtherExpendituresAmt
End Year Balance$1,567,296EndYearBalanceAmt

CY Minus2 Yr Endwmt Fund CYMinus2YrEndwmtFundGrp

FieldValueIRS element (for citing)
Beginning Year Balance$1,077,008BeginningYearBalanceAmt
Contributions$1,201,066ContributionsAmt
Other Expenditures$969,512OtherExpendituresAmt
End Year Balance$1,308,562EndYearBalanceAmt

CY Minus3 Yr Endwmt Fund CYMinus3YrEndwmtFundGrp

FieldValueIRS element (for citing)
Beginning Year Balance$975,596BeginningYearBalanceAmt
Contributions$1,069,512ContributionsAmt
Other Expenditures$968,100OtherExpendituresAmt
End Year Balance$1,077,008EndYearBalanceAmt

CY Minus4 Yr Endwmt Fund CYMinus4YrEndwmtFundGrp

FieldValueIRS element (for citing)
Beginning Year Balance$1,158,446BeginningYearBalanceAmt
Contributions$843,100ContributionsAmt
Other Expenditures$1,025,950OtherExpendituresAmt
End Year Balance$975,596EndYearBalanceAmt
FieldValueIRS element (for citing)
Term Endowment Balance EOY1.00000TermEndowmentBalanceEOYPct
Endowments Held Unrelated Org0EndowmentsHeldUnrelatedOrgInd
Endowments Held Related Org0EndowmentsHeldRelatedOrgInd

Equipment EquipmentGrp

FieldValueIRS element (for citing)
Other Cost Or Other Basis$24,381OtherCostOrOtherBasisAmt
Depreciation$23,309DepreciationAmt
Book Value$1,072BookValueAmt
FieldValueIRS element (for citing)
Total Book Value Land Buildings$1,072TotalBookValueLandBuildingsAmt

Other Securities OtherSecuritiesGrp

FieldValueIRS element (for citing)
DescINVESTMENTS IN U.S. TREASURY BILLSDesc
Book Value$599,893BookValueAmt
Method ValuationCMethodValuationCd
FieldValueIRS element (for citing)
Total Book Value Securities$599,893TotalBookValueSecuritiesAmt

Other Liabilities Org OtherLiabilitiesOrgGrp

FieldValueIRS element (for citing)
DescPPP LOANDesc
Amt$500,000Amt
FieldValueIRS element (for citing)
Total Liability$500,000TotalLiabilityAmt
Total Rev Etc Audited Fincl Stmt$3,913,451TotalRevEtcAuditedFinclStmtAmt
Net Unrealized Gains Invst-$551NetUnrealizedGainsInvstAmt
Donated Services And Use Fclts$49,297DonatedServicesAndUseFcltsAmt
Revenue Not Reported$48,746RevenueNotReportedAmt
Revenue Subtotal$3,864,705RevenueSubtotalAmt
Other Revenues Not Included$35,000OtherRevenuesNotIncludedAmt
Revenue Not Reported Fincl Stmt$35,000RevenueNotReportedFinclStmtAmt
Total Revenue Per Form990$3,899,705TotalRevenuePerForm990Amt
Tot Expns Etc Audited Fincl Stmt$3,563,952TotExpnsEtcAuditedFinclStmtAmt
Donated Services Use Fclts$49,297DonatedServicesUseFcltsAmt
Expenses Not Reported$49,297ExpensesNotReportedAmt
Expenses Subtotal$3,514,655ExpensesSubtotalAmt
Other Expenses Not Included$35,000OtherExpensesNotIncludedAmt
Expenses Not Rpt Fincl Stmt$35,000ExpensesNotRptFinclStmtAmt
Total Expenses Per Form990$3,549,655TotalExpensesPerForm990Amt

Supplemental Information Detail SupplementalInformationDetail (3 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
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.
PART XI, LINE 4B - OTHER ADJUSTMENTS:GROSS UP OF PROFESSIONAL FUNDRAISING 35,000.
PART XII, LINE 4B - OTHER ADJUSTMENTS:GROSS UP OF PROFESSIONAL FUNDRAISING 35,000.

Schedule G IRS990ScheduleG

FieldValueIRS element (for citing)
Mail SolicitationsYes (X)MailSolicitationsInd
Email SolicitationsYes (X)EmailSolicitationsInd
Solicitation Of Non Govt GrantsYes (X)SolicitationOfNonGovtGrantsInd
Solicitation Of Govt GrantsYes (X)SolicitationOfGovtGrantsInd
Special Fundraising EventsYes (X)SpecialFundraisingEventsInd
Agrmt Prof Fundraising ActyYes (1)AgrmtProfFundraisingActyInd

Fundraiser Activity Info FundraiserActivityInfoGrp

Organization Business Name OrganizationBusinessName

FieldValueIRS element (for citing)
Business Name Line1W DOUGLAS WINGO INCBusinessNameLine1Txt

US Address USAddress

FieldValueIRS element (for citing)
Address Line1350 SEVENTH AVE STE 1601AddressLine1Txt
CityNEW YORKCityNm
State AbbreviationNYStateAbbreviationCd
ZIP10001ZIPCd
FieldValueIRS element (for citing)
ActivityANNUAL GALAActivityTxt
Fundraiser Control Of Funds0FundraiserControlOfFundsInd
Gross Receipts$703,275GrossReceiptsAmt
Retained By Contractor$35,000RetainedByContractorAmt
Net To Organization$668,275NetToOrganizationAmt
FieldValueIRS element (for citing)
Total Gross Receipts$703,275TotalGrossReceiptsAmt
Total Retained By Contractors$35,000TotalRetainedByContractorsAmt
Total Net To Organization$668,275TotalNetToOrganizationAmt
Licensed StatesNYLicensedStatesCd

Fundraising Event Information FundraisingEventInformationGrp

FieldValueIRS element (for citing)
Event1VIRTUAL GALAEvent1Nm
Gross Receipts Event1$703,275GrossReceiptsEvent1Amt
Charitable Contri Event1$655,547CharitableContriEvent1Amt
Gross Revenue Event1$47,728GrossRevenueEvent1Amt
Other Direct Expenses Event1$12,728OtherDirectExpensesEvent1Amt
Gross Receipts Total$703,275GrossReceiptsTotalAmt
Charitable Contributions Tot$655,547CharitableContributionsTotAmt
Gross Revenue Total Events$47,728GrossRevenueTotalEventsAmt
Oth Direct Expnss Total Events$12,728OthDirectExpnssTotalEventsAmt
Direct Expense Summary Events$12,728DirectExpenseSummaryEventsAmt
Net Income Summary$35,000NetIncomeSummaryAmt

Schedule J IRS990ScheduleJ

FieldValueIRS element (for citing)
Severance Payment0SeverancePaymentInd
Supplemental Nonqual Rtr Plan0SupplementalNonqualRtrPlanInd
Equity Based Comp Arrngm0EquityBasedCompArrngmInd
Comp Based On Revenue Of Flng Org0CompBasedOnRevenueOfFlngOrgInd
Comp Bsd On Rev Related Orgs0CompBsdOnRevRelatedOrgsInd
Comp Bsd Net Earns Flng Org0CompBsdNetEarnsFlngOrgInd
Comp Bsd Net Earns Rltd Orgs0CompBsdNetEarnsRltdOrgsInd
Any Non Fixed Payments0AnyNonFixedPaymentsInd
Initial Contract Exception0InitialContractExceptionInd

Rltd Org Officer Trst Key Empl RltdOrgOfficerTrstKeyEmplGrp

FieldValueIRS element (for citing)
PersonSHARI LEVINEPersonNm
TitleEXECUTIVE DIRECTORTitleTxt
Base Compensation Filing Org$112,500BaseCompensationFilingOrgAmt
Compensation Based On Rltd Orgs$0CompensationBasedOnRltdOrgsAmt
Bonus Filing Organization$0BonusFilingOrganizationAmount
Bonus Related Organizations$0BonusRelatedOrganizationsAmt
Other Compensation Filing Org$0OtherCompensationFilingOrgAmt
Other Compensation Rltd Orgs$0OtherCompensationRltdOrgsAmt
Deferred Compensation Flng Org$23,400DeferredCompensationFlngOrgAmt
Deferred Comp Rltd Orgs$0DeferredCompRltdOrgsAmt
Nontaxable Benefits Filing Org$17,781NontaxableBenefitsFilingOrgAmt
Nontaxable Benefits Rltd Orgs$0NontaxableBenefitsRltdOrgsAmt
Total Compensation Filing Org$153,681TotalCompensationFilingOrgAmt
Total Compensation Rltd Orgs$0TotalCompensationRltdOrgsAmt
Comp Report Prior990 Filing Org$0CompReportPrior990FilingOrgAmt
Comp Report Prior990 Rltd Orgs$0CompReportPrior990RltdOrgsAmt

Schedule M IRS990ScheduleM

Securities Publicly Traded SecuritiesPubliclyTradedGrp

FieldValueIRS element (for citing)
Non Cash CheckboxYes (X)NonCashCheckboxInd
Contribution6ContributionCnt
Noncash Contributions Rpt F990$59,742NoncashContributionsRptF990Amt
Method Of Determining RevenuesFMVMethodOfDeterminingRevenuesTxt

Other Non Cash Contri Table OtherNonCashContriTableGrp (2 entries)

Non Cash CheckboxNonCashCheckboxIndDescDescContributionContributionCntNoncash Contributions Rpt F990NoncashContributionsRptF990AmtMethod Of Determining RevenuesMethodOfDeterminingRevenuesTxt
Yes (X)DONATED GOODS2$32,815FMV
Yes (X)BOOKS/MATERIALS5$22,482FMV
FieldValueIRS element (for citing)
Any Property That Must Be Held0AnyPropertyThatMustBeHeldInd
Review Process Unusual NC Gifts0ReviewProcessUnusualNCGiftsInd
Third Parties Used0ThirdPartiesUsedInd

Schedule O IRS990ScheduleO

Supplemental Information Detail SupplementalInformationDetail (6 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
FORM 990, PART III, LINE 1LITERACY INC. (LINC) IS AN AWARD-WINNING ORGANIZATION THAT PROVIDES EFFECTIVE EARLY LEARNING STRATEGIES FOR PARENTS TO BUILD A STRONG LITERACY FOUNDATION FOR THEIR CHILDREN DURING THEIR FIRST FIVE YEARS OF DEVELOPMENT, A TIME WHEN THEIR FUTURE OUTCOMES ARE SHAPED. OUR MISSION IS TO ENGAGE FAMILIES AND COMMUNITY MEMBERS TO SUPPORT YOUNG READERS IN HIGH-NEED NEIGHBORHOODS. WITH LINC, CHILDREN BECOME LIFELONG READERS; PARENTS LEARN AND DEVELOP SKILLS, VOLUNTEER AT SCHOOL AND BECOME LITERACY ADVOCATES IN THEIR COMMUNITIES.
FORM 990, PART III, LINE 4ALINC'S 2-GENERATION AND COMMUNITY-BASED EARLY CHILDHOOD PROGRAMMING, DELIVERED PHYSICALLY (PRE-COVID19 AND SAFELY DURING COVID) AND ON ITS WEBSITE AND ACROSS MULTIPLE VIRTUAL PLATFORMS (POST-COVID19), MOBILIZED MORE THAN 185 COMMUNITY PARTNERS, INCLUDING LIBRARIES, TO DELIVER 154 READING EVERYWHERE PROGRAMS AND 82 PARENT WORKSHOPS. WE ALSO GRADUATED 46 PARENTS IN OUR VERY INVOLVED PARENT ACADEMY. OUR IMPACT IS EVIDENT IN THE ATTITUDE AND BEHAVIOR CHANGE AMONG PARENTS WHO PARTICIPATED IN OUR PROGRAMS: 75% LINC PARENTS WITH CHILDREN YOUNGER THAN FIVE REPORT READING FIVE OR MORE DAYS A WEEK TO THEIR CHILD COMPARED TO ONLY 42% OF PARENTS WHO HAVE NOT ATTENDED LINC PROGRAMS 72% OF LINC PARENTS REPORT HAVING ESTABLISHED A STRUCTURED READING ROUTINE AT BEDTIME COMPARED TO ONLY 26% OF PARENTS WHO HAVE NOT ATTENDED LINC PROGRAMS 72% OF LINC PARENTS REPORT HAVING 10 OR MORE AGE-APPROPRIATE BOOKS IN THE HOME COMPRED TO 42% OF PARENTS WHO HAVE NOT ATTENDED LINC PROGRAMS 89% PARENTS MAKE THE READING EXPERIENCE ENGAGING BY ASKING QUESTIONS ABOUT THE STORY AND PICTURES BEDTIME COMPARED TO ONLY 61% OF PARENTS WHO HAVE NOT ATTENDED LINC PROGRAMS 90% PARENTS OF CHILDREN YOUNGER THAN FIVE KNOW THE IMPORTANCE OF READING TO THEIR CHILD FROM THE DAY THEY ARE BORN FROM PARENTS TO LITERACY ADVOCATES. PARENTS WHO GRADUATE FROM OUR VERY INVOLVED PARENT (VIP) ACADEMY ARE A STRONG CATALYST FOR CHANGE AT MULTIPLE LEVELS. THESE PARENTS SUSTAINED AND EVEN INCREASED THEIR FAMILY'S READING HABITS DURING THE COVID PANDEMIC 98% READ BY THEMSELVES MORE OFTEN OR THE SAME AMOUNT DURING THE PANDEMIC 88% READ TO THEIR CHILDREN MORE OFTEN OR THE SAME AMOUNT DURING THE PANDEMIC 97% OF VIP CHILDREN READ TO THEMSELVES MORE OFTEN OR THE SAME AMOUNT DURING THE PANDEMIC 89% TALK, PLAY, AND SING MORE OFTEN WITH THEIR CHILDREN. 90% FEEL MORE KNOWLEDGEABLE ABOUT CHILD DEVELOPMENT 95% FEEL MORE CONFIDENT TALKING TO NEIGHBORS ABOUT THE IMPORTANCE OF READING TO CHILDREN. 95% FEEL MORE KNOWLEDGEABLE ABOUT WHERE TO FIND LITERACY RESOURCES IN THEIR COMMUNITY. 97% GO TO THE LIBRARY MORE OFTEN (PRIOR TO COVID). 97% ARE MORE ACTIVE IN THEIR CHILDREN'S LEARNING AT HOME. 97% ARE MORE ACTIVE IN THEIR CHILDREN'S EDUCATION AT SCHOOL. 100% UNDERSTAND HOW TO CHOOSE THE RIGHT BOOK FOR CHILDREN AT DIFFERENT AGES. 100% PARENTS KNOW ABOUT MORE RESOURCES AND SUPPORT FOR THEIR FAMILIES.
FORM 990, PART VI, SECTION B, LINE 11BA DRAFT OF THE FORM 990 IS E-MAILED TO BOARD MEMBERS FOR COMMENT BEFORE FILING.
FORM 990, PART VI, SECTION B, LINE 12CTO 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 15THE BOARD OF DIRECTORS CONDUCTS A YEARLY PERFORMANCE REVIEW OF THE EXECUTIVE DIRECTOR AND SETS THE SALARY FOR THE NEW YEAR. THIS IS DONE APPROXIMATELY IN SEPTEMBER FOR AN OCTOBER 1 NEW SALARY.
FORM 990, PART VI, SECTION C, LINE 19LINC MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AVAILABLE UPON REQUEST. THE FINANCIAL STATEMENTS ARE AVAILABLE ON THE LINC WEBSITE.

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