Cause IQ organization profile

Literacy Partners

Literacy Partners is a adult education center based in New York, NY that was founded in 1973. As of 2019 they had $1.8 million in revenue and $5.8 million in assets.

Literacy Partners believes that the ability to read is an essential element of an enriched and fulfilling life. Our high quality, community-based Literacy programs in new york city empower adults to reach their full potential as individuals, parents a...

EIN:

51-0180665

City:

New York

State:

New York

Metro:

New York-Newark-Jersey City, NY-NJ-PA

Website:

literacypartners.org

Founded:

1973

Type:

501(c)(3)

NTEE:

B60: Adult education and ESL centers

Revenue:

$1,800,568

Assets:

$5,886,365

Employees:

Fiscal year end:

June

Revenue trends:

Asset trends:

Program areas at Literacy Partners

English Literacy: free classes for parents of young children taught by professional educators in speaking, listening, reading, writing, and grammar skills.

Tutoring and english conversation classes: supplemental programming that includes tutoring in reading, writing, and math, and classes for english conversation practice.

High school equivalency ("hse") and pre-hse; free classes including pre-enrollment to hse classes; hse classes; testing and assessment

Form 990s for Literacy Partners

Fiscal year ending	Date received by IRS	Form	PDF link
2019-06	Oct 6, 2020	990	View PDF
2018-06	May 14, 2019	990	View PDF
2017-06	Apr 10, 2018	990	View PDF
2016-06	Jul 24, 2017	990	View PDF
2015-06	Feb 22, 2016	990	View PDF
...and five more Form 990 PDFs

Financials for Literacy Partners

Field	2019	2018	% Change
Federated campaigns	$0	$0
Membership dues	$0	$0
Fundraising event contributions	$870,989	$728,919	19.5%
Related organizations	$0	$0
Government grants (contributions)	$19,593	$977,309	-98.0%
Normal grants, contributions, etc.	$546,321	$1,067,871	-48.8%
<em>Non-cash contributions included in above</em>	$124,880	$190,001	-34.3%
Total grants, contributions, etc.	$1,436,903	$2,774,099	-48.2%

Field	2019	2018	% Change
Total grants, contributions, etc.	$1,436,903	$2,774,099	-48.2%
Program services	$0	$0
Investment income and dividends	$281,831	$195,638	44.1%
Tax-exempt bond proceeds	$0	$0
Royalty revenue	$0	$0
Net rental income	$30,213	$53,150	-43.2%
Net gain from sale of non-inventory assets	$101,897	$231,399	-56.0%
Net income from fundraising events	$-59,955	$-90,001	33.4%
Net income from gaming activities	$0	$0
Net income from sales of inventory	$0	$0
Miscellaneous revenues	$9,679	$9,214	5.0%
Total revenues	$1,800,568	$3,173,499	-43.3%

Field	2019	2018	% Change
Grants to govts. and orgs. in USA	$0	$0
Grants to individuals in USA	$0	$0
Grants to govts., orgs., and individuals outside USA	$0	$0
Benefits paid to or for members	$0	$0
Compensation of current officers, etc.	$443,531	$448,209	-1.0%
Compensation not included above, to disqualified persons	$0	$0
Non-officer salaries and wages	$615,655	$661,938	-7.0%
Pension/retirement accruals and contributions	$18,903	$15,304	23.5%
Other employee benefits	$110,498	$100,685	9.7%
Payroll taxes	$85,069	$91,280	-6.8%
Management fees	$0	$0
Legal fees	$12,931	$18,763	-31.1%
Accounting fees	$22,375	$22,125	1.1%
Lobbying fees	$0	$0
Pro. fundraising fees	$65,000	$65,000
Investment mgmt fees	$22,008	$29,839	-26.2%
Other fee-for-service	$555,292	$164,048	238.5%
Advertising and promotion	$0	$0
Office expenses	$77,313	$98,310	-21.4%
Information tech. expenses	$38,372	$20,054	91.3%
Royalty expenses	$0	$0
Occupancy	$207,923	$224,043	-7.2%
Travel	$29,213	$14,835	96.9%
Public official travel and entertainment	$0	$0
Conferences, meetings, etc.	$0	$0
Interest	$0	$0
Payments to affiliates	$0	$0
Depreciation, amortization, etc.	$29,782	$13,855	115.0%
Insurance	$24,930	$24,964	-0.1%
All other expenses	$205,114	$937,516	-78.1%
Total expenses	$2,563,909	$2,950,768	-13.1%

Field	2019	2018	% Change
Cash (non-interest-bearing)	$400	$400
Savings, short-term investments, etc.	$759,019	$1,228,363	-38.2%
Pledges and grants receivable	$113,043	$106,521	6.1%
Accounts receivable	$5,217	$6,478	-19.5%
Loans receivable from officers, directors, etc.	$0	$0
Loans receivable from other disqualified persons	$0	$0
Notes and loans receivable	$0	$0
Inventories for use	$71,497	$103,814	-31.1%
Prepaid expenses and deferred charges	$14,550	$54,043	-73.1%
Buildings, equipment, etc. post-depreciation	$190,094	$30,218	529.1%
Investments, publicly traded securities	$4,668,795	$5,021,304	-7.0%
Investments, other securities	$0	$0
Investments, program-related	$0	$0
Intangible assets	$0	$0
Other assets	$63,750	$63,750
Total assets	$5,886,365	$6,614,891	-11.0%

Field	2019	2018	% Change
Accounts payable and accrued expenses	$53,943	$27,206	98.3%
Grants payable	$0	$0
Deferred revenue	$119,044	$111,704	6.6%
Tax-exempt bond liabilities	$0	$0
Escrow or custodial account liability	$0	$0
Loans payable to officers and disqualified persons	$0	$0
Secured mortgages and notes payable to unrelated third parties	$0	$0
Unsecured notes and loans payable to unrelated third parties	$0	$0
Other liabilities	$172,783	$0	999%
Total liabilities	$345,770	$138,910	148.9%

Field	2019	2018	% Change
Unrestricted net assets	$847,517	$1,184,879	-28.5%
Temporarily restricted net assets	$-568,024	$30,000	-1993.4%
Permanently restricted net assets	$5,261,102	$5,261,102

Vendors for Literacy Partners

Vendor	Services	Amount paid	Date
Tait Weller and Baker LLP	Tax accounting; Audit accounting		2020-04-07
██████ ███	Software		2020-03-17
█████████	Content management system software		2020-03-05
███████ ████	Fundraising Event Management	$65,000	2019-06-01

Personnel at Literacy Partners

Name	Title	Compensation	Most recent data
Anthony Tassi	Chief Executive Officer	$155,523	Oct. 6, 2020
Sung E Bai	Chief Operating Officer	-	Aug. 10, 2020
█████ ████████	Executive Vice President	-	Aug. 10, 2020
███████ ███████	Director of Special Events and Annual Giving	-	Aug. 10, 2020
███████ ███	Program Director	-	Aug. 10, 2020
████████ █████	National Director of Parent Education	-	Aug. 10, 2020
████ ████	Associate Manager for Development and Communications	-	Aug. 10, 2020
██████ ████████	Project Manager of National Programs	-	Aug. 10, 2020
█████████ ███████████	Senior Bookkeeper	-	Aug. 10, 2020
████ ████ █ ███	Past Chief Operating Officer	$111,538	June 30, 2019
...and 12 more key personnel

Peer adult education and esl centers

	Name	Type	Revenue	Location
1	Tompkins Learning Partners	501(c)(3)	$487,501	Ithaca, NY
2	Delaware County Literacy Council	501(c)(3)	$1.4 million	Chester, PA
3	Aberg Center for Literacy	501(c)(3)	$1.1 million	Dallas, TX
4	Literacy Council of Montgomery County Maryland	501(c)(3)	$1.0 million	Rockville, MD
5	Literacy Volunteers of Greater Hartford	501(c)(3)	$655,402	Hartford, CT
6	Northern Nevada Literacy Council	501(c)(3)	$1.1 million	Reno, NV
7	Literacy Council of Fort Bend County	501(c)(3)	$768,657	Sugar Land, TX
8	Teton Literacy Center	501(c)(3)	$1.0 million	Jackson, WY
9	Jumpstart Coalition for Personal Financial Literacy	501(c)(3)	$1.4 million	Washington, DC
10	York County Literacy Council	501(c)(3)	$697,880	York, PA
11	America SCORES New York	501(c)(3)	$1.2 million	New York, NY
12	Literacy Solutions Ny	501(c)(3)	$680,300	Yonkers, NY
13	Literacy Connections Hudson Valley	501(c)(3)	$455,150	Poughkeepsie, NY
14	Literacy New York	501(c)(3)	$985,866	Cheektowaga, NY
15	Literacy West NY	501(c)(3)	$1.9 million	Belmont, NY
16	Literacy Volunteers of Rochester	501(c)(3)	$470,837	Rochester, NY
17	Literacy Nassau	501(c)(3)	$737,876	Wantagh, NY
18	Literacy Source A Community Learning Center	501(c)(3)	$1.0 million	Seattle, WA
19	New Hampshire Humanities Council	501(c)(3)	$1.1 million	Concord, NH
20	Volunteer Instructors Teaching Adults	501(c)(3)	$532,642	Lafayette, LA
21	Curious Learning A Global Literacy Project	501(c)(3)	$791,019	Cambridge, MA
22	Vermont Humanities Council	501(c)(3)	$1.5 million	Montpelier, VT
23	Literacy New Jersey	501(c)(3)	$875,628	Edison, NJ
24	Literacy Services of Wisconsin	501(c)(3)	$1.3 million	Milwaukee, WI
25	Literature for All of Us	501(c)(3)	$826,899	Chicago, IL

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Cause IQ organization profile

Literacy Partners

Program areas at Literacy Partners

Form 990s for Literacy Partners

Financials for Literacy Partners

Vendors for Literacy Partners

Personnel at Literacy Partners

Peer adult education and esl centers

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