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Magic Penny Early Literacy Institute Inc

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 205359720 ✦ Colden, NY ✦ Designated as a 501(c)(3)

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Overview

What is Magic Penny Early Literacy Institute Inc?

Magic Penny Early Literacy Institute Inc is a nonprofit organization committed to fostering early literacy development. They execute this mission through targeted reading remedial programs and encouraging reading practices. Their activities primarily focus on assisting individuals in developing essential reading skills. Although specific details about their reach or additional initiatives are not provided, it can be inferred that their primary goal is to enhance literacy capabilities among their community.


Official website here: www.magicpennyreading.org

Is Magic Penny Early Literacy Institute Inc legitimate?

Magic Penny Early Literacy Institute Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Magic Penny Early Literacy Institute Inc submitted a form 990EZ, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.


Official website here: www.magicpennyreading.org

What is the mission statement of Magic Penny Early Literacy Institute Inc?

The Magic Penny Early Literacy Institute Inc. focuses on promoting early literacy development. They achieve this goal through their initiatives in remedial reading and reading encouragement programs. Essentially, the organization seeks to enhance children's literacy skills at an early age, fostering a love for reading and setting them up for future academic success. The institute's mission does not explicitly mention providing resources or support beyond their core literacy programs.


Official website here: www.magicpennyreading.org

Who is the CEO of Magic Penny Early Literacy Institute Inc?

Unavailable


Official website here: www.magicpennyreading.org

What is the revenue of Magic Penny Early Literacy Institute Inc?

Magic Penny Early Literacy Institute Inc's revenue in 2021 was $53,211.


Official website here: www.magicpennyreading.org

Who are the executives of Magic Penny Early Literacy Institute Inc and what are their salaries?


Here are 2 key members and their salaries:


Sandra Schneider (President/Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
Daniel Schneider (Vice President/Secretary)
  • Compensation: $0
  • Related: $0
  • Other: $0


Official website here: www.magicpennyreading.org

Where can I find the form 990EZ for Magic Penny Early Literacy Institute Inc?

Magic Penny Early Literacy Institute Inc's most recent form 990EZ was submitted in 2021 and can be accessed here.


Official website here: www.magicpennyreading.org

Learn more at the official website: www.magicpennyreading.org

Mission Statement of Magic Penny Early Literacy Institute Inc

Magic Penny Early Literacy Institute, as its name suggests, is committed to fostering early literacy development. Their mission is accomplished through the implementation of remedial reading programs and initiatives that encourage a love for reading. By focusing on this critical area, the institute aims to equip individuals with the necessary reading skills from a young age, setting them on a path towards literacy success. Through their programs, Magic Penny Early Literacy Institute strives to instill a passion for reading, recognizing its importance in shaping an individual's future educational and personal growth.

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Impact




August, 2024

Magic Penny Early Literacy Institute Inc's impact is focused on promoting early literacy development through remedial reading and reading encouragement programs in Colden, NY. This organization is dedicated to helping individuals improve their reading skills and fostering a love for reading from an early age. By providing these essential services, Magic Penny Early Literacy Institute Inc is making a meaningful contribution to education and literacy in the community.




This information is meant to be a general summary of Magic Penny Early Literacy Institute Inc. Please take the time to review official sources before making any decisions based upon the content provided here.


Financials

This financial information is from Propublica.

Revenue
$53,211 (2021)
20142015201620172018201920202021$-25,000$0$25,000$50,000$75,000
Expenses
$58,471 (2021)
20142015201620172018201920202021$0$15,000$30,000$45,000$60,000
Efficiency
201420152016201720182019202020210%0.2%0.4%0.6%0.8%1%

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2021.

  • Gross Receipts: $53,211

Assets and Liabilities:

  • Total Assets: $31,647
  • Total Liabilities: $0
  • Net Assets: $31,647

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Organization Details

Main Address

8659 FINCH ROAD, COLDEN, NY, 14033

NTEE Category

Code: B21 - Education

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