2011-12-15T15:44:47-06:00 2011-06-30 BAKER TILLY VIRCHOW KRAUSE LLP 225 S 6TH ST STE 2300 MINNEAPOLIS MN 55402 990 2010-07-01 391657040 LITERACY VOLUNTEERS - CHIPPEWA VALLEY LITE 7158340222 800 WISCONSIN ST 70 EAU CLAIRE WI 547033610 MARY BETH KELLEY-LOWE 7158340222 2011-12-16 1 LAWRENCE H MOHR CPA 6128764500 2010 2016-02-24 21:20:13Z MARY BETH KELLEY-LOWE 800 WISCONSIN STREET 70 EAU CLAIRE WI 51703 555781 0 X WWW.LVCV.ORG X 1986 WI LITERACY VOLUNTEERS-CHIPPEWA VALLEY HELPS ADULTS AND THEIR FAMILIES DEVELOP THE LITERACY SKILLS NECESSARY TO ACHIEVE ECONOMIC SELF-SUFFICIENCY AND FUNCTION EFFECTIVELY IN THEIR ROLES AS CITIZENS, WORKERS AND FAMILY MEMBERS. 17 17 19 247 0 0 502536 517789 2041 0 481 310 32773 29216 537831 547315 0 0 0 0 401124 393939 0 0 46074 190061 165233 591185 559172 -53354 -11857 305012 300746 4231 2482 300781 298264 LITERACY VOLUNTEERS-CHIPPEWA VALLEY HELPS ADULTS AND THEIR FAMILIES DEVELOP THE LITERACY SKILLS NECESSARY TO ACHIEVE ECONOMIC SELF-SUFFICIENCY AND FUNCTION EFFECTIVELY IN THEIR ROLES AS CITIZENS, WORKERS AND FAMILY MEMBERS. 0 0 279356 ADULT LITERACY-PROVIDE INSTRUCTION FOR ADULT LEARNERS WHO NEED TOACQUIRE OR ENHANCE LITERACY SKILLS FOR THE WORKPLACE, HOME, OR FAMILY.SERVED: 491 195396 FAMILY LITERACY- PROVIDE FAMILY LITERACY PROGRAMS TO ASSIST PARENTS WITH LITERACY SKILLS,PARENTING SKILLS AND TO PROVIDE CHILD CARE & LEARNING OPPORTUNITES FOR THE ADULT STUDENTS' CHILDREN. SERVED: 53 474752 1 1 0 0 0 0 0 0 1 1 1 0 1 0 1 1 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 0 0 0 0 0 0 1 2 0 19 1 0 0 0 0 0 1 1 0 0 0 0 X 17 17 1 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 WI X X CONNIE VIKEN 7158340222 801 WISCONSIN ST 70 EAU CLAIRE WI 54703 DR KATHERINE RHOADES 3.00 X 0 0 0 JILL BARLAND 1.50 X 0 0 0 DENISE HANSON-PABICH 0.80 X 0 0 0 JERRY PRICE 4.00 X X 0 0 0 PAUL KULIG 1.00 X X 0 0 0 GERALD JACOBSON 2.00 X X 0 0 0 MARY HEIMSTEAD 0.50 X 0 0 0 AL JONES 0.80 X 0 0 0 ANN KOHANEK 1.00 X 0 0 0 VICKY LORD LARSON 1.50 X 0 0 0 TOM GIFFEY 1.00 X 0 0 0 LARRY JOLIVETTE 0.50 X 0 0 0 LAURIE KLINKHAMMER 0.50 X 0 0 0 MARIANNE KLINKHAMMER 3.50 X 0 0 0 JOHN PLEWA MD 2.00 X 0 0 0 PAW MOUA 1.00 X 0 0 0 KATHRYN WAHL 0.50 X 0 0 0 MARY BETH KELLY-LOWE 40.00 X 52002 0 0 52002 0 0 0 0 0 0 0 34988 5697 254898 222206 3371 517789 387 387 77 -77 -77 -77 36386 5697 8389 27997 27997 REIMBURSEMENTS 900099 1219 1219 1219 547315 0 0 29526 52002 44698 3258 4046 313003 269038 19610 24355 175 120 55 28759 24719 1802 2238 34801 30538 1585 2678 3335 1259 2076 32044 25299 3560 3185 37515 26480 5680 5355 8749 8445 88 216 2372 2226 80 66 1348 613 466 269 9982 7253 1716 1013 4153 3580 261 312 TEACHING MATERIALS 24751 24751 EQUIPMENT REPAIRS/RENTA 2817 2382 175 260 TRAINING MATERIALS 2331 2331 MISCELLANEOUS 1035 1020 10 5 559172 474752 38346 46074 170810 120936 45969 29478 126237 114662 15423 11575 41571 51911 31239 86846 305012 300746 4231 2482 4231 2482 X 236150 184164 44356 93825 20275 20275 300781 298264 305012 300746 X -11857 9340 X X 0 1 1 X 0 X 599121 444557 534720 502536 517789 2598723 28768 28768 627889 444557 534720 502536 517789 2627491 421861 2205630 2845 2268 786 481 387 6767 1152 1301 1525 2041 1219 7238 2641496 179381 0.83500 0.91540 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 41571 1000 9340 51911 37197 0 4374 41571 17714 21025 -1542 37197 0.48000 0.39000 0.13000 1 0 126237 114662 11575 11575 INVESTMENTS - BENEFICIAL INTEREST IN INVESTMENTS HELD BY OTHERS 51911 C 51911 RESTRICTED CASH 86846 86846 547315 559172 -11857 9340 9340 -2517 574947 9340 9826 8466 27632 547315 0 547315 577464 9826 8466 18292 559172 0 559172 DESCRIPTION OF INTENDED USE OF ENDOWMENT FUNDS: PART V, LINE 4: THE ENDOWMENT FUNDS ARE USED FOR FINANCIAL SUPPORT OF THE ORGANIZATION NOT ORDINARILY PROVIDED THROUGH THE ESTABLISHED OPERATING BUDGET OR AS AN ADDITION TO AREAS PROVIDED FOR IN THE OPERATING BUDGET. THE ENDOWMENT FUNDS ARE HELD BY THE EAU CLAIRE COMMUNITY FOUNDATION. DESCRIPTION OF UNCERTAIN TAX POSITIONS UNDER FIN 48: PART X: THE INTERNAL REVENUE SERVICE HAS DETERMINED THAT LITERACY VOLUNTEERS -CHIPPEWA VALLEY IS EXEMPT FROM FEDERAL INCOME TAX UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. IT IS ALSO EXEMPT FROM STATE INCOME TAX. HOWEVER, ANY UNRELATED BUSINESS INCOME MAY BE SUBJECT TO TAXATION. THE ORGANIZATION FOLLOWS THE ACCOUNTING STANDARDS FOR CONTINGENCIES IN EVALUATING UNCERTAIN TAX POSITIONS. THIS GUIDANCE PRESCRIBES RECOGNITION THRESHOLD PRINCIPLES FOR THE FINANCIAL STATEMENT RECOGNITION OF TAX POSITIONS TAKEN OR EXPECTED TO BE TAKEN ON A TAX RETURN THAT ARE NOT CERTAIN TO BE REALIZED. NO LIABILITY HAS BEEN RECOGNIZED BY THE ORGANIZATION FOR UNCERTAIN TAX POSITIONS AS OF JUNE 30, 2011. THE ORGANIZATION'S TAX RETURNS ARE SUBJECT TO REVIEW AND EXAMINATION BY FEDERAL AND STATE AUTHORITIES. THE TAX RETURNS FOR THE CURRENT YEAR AS WELL AS FISCAL YEARS 2008 THROUGH 2010 ARE OPEN TO EXAMINATION BY FEDERAL AND STATE AUTHORITIES. PART XII, LINE 2D - OTHER ADJUSTMENTS: DIRECT EXPENSES FROM SPECIAL EVENTS 8,389. LOSS ON DISPOSAL OF ASSETS 77. PART XIII, LINE 2D - OTHER ADJUSTMENTS: DIRECT EXPENSES FROM SPECIAL EVENTS 8,389. LOSS ON DISPOSAL OF ASSETS 77. TOAST FOR LITERACY 8778 280 8498 1944 150 865 SCRABBLE BEE 32477 5417 27060 231 350 1468 3381 1 828 828 42083 5697 36386 231 350 3412 150 4246 8389 27997 FORM 990, PART VI, SECTION A, LINE 1 BYLAWS: ARTICLE 7, SECTION 3 EXECUTIVE COMMITTEE: THE EXECUTIVE COMMITTEE SHALL CONSIST OF THE OFFICERS AND THE CHAIRS OF THE STANDING COMMITTEES. THE EXECUTIVE COMMITTEE SHALL HAVE ALL THE POWERS OF THE BOARD OF DIRECTORS DURING INTERVALS BETWEEN BOARD MEETINGS SUBJECT ALWAYS TO RATIFICATION BY THE BOARD OF DIRECTORS. FORM 990, PART VI, SECTION A, LINE 2 LAURIE KLINKHAMMER AND MARIANNE KLINKHAMMER - FAMILY RELATIONSHIP FORM 990, PART VI, SECTION B, LINE 11 A COPY OF THE LITERACY VOLUNTEERS FORM 990 IS EMAILED TO ALL CURRENT BOARD MEMBERS FOR THEM TO LOOK OVER INDIVIDUALLY BEFORE THE EXECUTIVE COMMITTEE MEETING, THEN AT THE EXECUTIVE COMMITTEE MEETING IT IS REVIEWED AND APPROVED. FORM 990, PART VI, SECTION B, LINE 12C EVERY YEAR, BOARD MEMBERS ARE REQUIRED TO COMPLETE A CONFLICT OF INTEREST FORM. IF THERE IS A CONFLICT OF INTEREST IT IS INVESTIGATED BY THE BOARD AND A DETERMINATION IS MADE IF THERE A TRUE CONFLICT EXISTS. IF A CONFLICT DOES EXIST, THE CONFLICTED BOARD MEMBER WOULD ABSTAIN ON VOTING REGARDING THE CONFLICT. FORM 990, PART VI, SECTION B, LINE 15 ANNUALLY, THE BOARD OF DIRECTORS REVIEWS AND APPROVES COMPENSATION FOR ALL EMPLOYEES. A COMPENSATION ANALYSIS IS COMPILED BY MANAGEMENT AND PROVIDED TO THE BOARD TO ASSIST WITH THE APPROVAL OF THE SALARY INCREASES. THE BOARD APPROVED A SALARY INCREASE FOR MOST OF THE EMPLOYEES OF THE ORGANIZATION. FORM 990, PART VI, SECTION C, LINE 19 LITERACY VOLUNTEERS NOTES IN ITS ANNUAL REPORT THAT THE AUDIT REPORTS AND IRS FORMS ARE AVAILABLE FOR REVIEW. CHANGES IN NET ASSETS OR FUND BALANCES: FORM 990, PART XI, LINE 5: NET UNREALIZED GAINS ON INVESTMENTS: 9,340. FORM 990, PART XII, LINE 2C THE OVERSIGHT AND SELECTION PROCESS OF THE AUDIT OF THE FINANCIAL STATEMENTS HAS NOT CHANGED FROM THE PRIOR YEAR.