Overview
What is Literacy Volunteers Of Massachusetts Inc?
Literacy Volunteers of Massachusetts Inc is a nonprofit organization dedicated to advancing adult literacy. Their primary mission is to facilitate the learning process for adults by offering tutoring services. This nonprofit organization emphasizes the importance of continued education for adults, aiming to improve their literacy skills and overall well-being. By providing tutors, they help individuals overcome challenges in reading, writing, and communicating effectively, empowering them to further their personal and professional growth. The organization's reach extends to Massachusetts, promoting literacy as a fundamental right and contributing to a more inclusive and knowledgeable society.
Official website here: www.lvm.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 81%, Three-Star out of Four Star rating
Literacy Volunteers Of Massachusetts Inc has received a respectable Three-Star rating from Charity Navigator, indicating solid financial health and accountability practices. The organization earned an overall score of 81%, reflecting strong performance in various areas, particularly in transparency and governance, evidenced by its perfect scores for independent board member presence, financial audits, and conflict of interest policies.
Strengths of the organization include a high program expense ratio of 84.46%, signifying that a significant portion of its funds is directed towards its mission of promoting literacy, which is a crucial aspect of its effectiveness. Moreover, the charity has implemented strong policies for whistleblower protections and document retention, showcasing a commitment to ethical governance.
However, a notable limitation is its liabilities to assets ratio of 77.43%, which received no points in this category. This suggests potential financial risks that could impact the charity's long-term sustainability. Overall, while Literacy Volunteers Of Massachusetts Inc demonstrates commendable practices in several areas, attention may need to be focused on improving its financial stability moving forward.
This AI summary has been generated from information found on Charity Navigator.
Is Literacy Volunteers Of Massachusetts Inc legitimate?
Literacy Volunteers Of Massachusetts Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Literacy Volunteers Of Massachusetts Inc submitted a form 990, 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.
Heare are some key statistics you may want to consider:
Executive Compensation: $65,000
Professional Fundraising Fees: $0
Other Salaries and Wages: $53,009
For more financial information, click here
Official website here: www.lvm.org
What is the mission statement of Literacy Volunteers Of Massachusetts Inc?
Literacy Volunteers of Massachusetts, as an organization, is committed to advancing adult literacy. They accomplish this goal by offering tutoring services. The primary focus of their efforts lies in furthering the education of adults, ensuring they have the necessary skills for personal growth and development. The organization's mission is to promote literacy and learning opportunities for adults, thereby empowering them to lead more fulfilling lives. By providing tutors, Literacy Volunteers of Massachusetts plays a crucial role in bridging the gap in literacy and education for adults in need.
Official website here: www.lvm.org
Who is the CEO of Literacy Volunteers Of Massachusetts Inc?
Roberta Soolman is the Executive Director of Literacy Volunteers Of Massachusetts Inc.
Official website here: www.lvm.org
What is the revenue of Literacy Volunteers Of Massachusetts Inc?
Literacy Volunteers Of Massachusetts Inc's revenue in 2022 was $523,342.
Official website here: www.lvm.org
Who are the executives of Literacy Volunteers Of Massachusetts Inc and what are their salaries?
The average compensation at Literacy Volunteers Of Massachusetts Inc during 2022 was $59,004. There are 2 employees and 450 volunteers at Literacy Volunteers Of Massachusetts Inc.
Here are 4 key members and their salaries:
- Compensation: $65,000
- Related: $0
- Other: $3,171
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.lvm.org
Where can I find the form 990 for Literacy Volunteers Of Massachusetts Inc?
Literacy Volunteers Of Massachusetts Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.lvm.org
Learn more at the official website: www.lvm.org
Mission Statement of Literacy Volunteers Of Massachusetts Inc
Literacy Volunteers of Massachusetts, a dedicated organization, is committed to promoting adult literacy. They achieve this goal by providing tutors, focusing on the continuous education of adults. The mission of this nonprofit is to empower individuals who may lack basic literacy skills, enabling them to improve their lives and participate more fully in their communities. By offering tutoring services, Literacy Volunteers of Massachusetts encourages adult learners to enhance their reading, writing, and communication abilities, thereby opening up new opportunities for personal and professional growth.
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Impact
July, 2024
Literacy Volunteers Of Massachusetts Inc's impact is significant in promoting adult literacy by providing tutors. They focus on continuing education for adults, helping them improve their literacy skills and enhance their overall quality of life. This organization plays a crucial role in empowering individuals to achieve their full potential through education, ultimately making a positive contribution to community development and enhancing social well-being.
This information is meant to be a general summary of Literacy Volunteers Of Massachusetts 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.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $4,251
- Gross Receipts: $523,342
Assets and Liabilities:
- Total Assets: $51,829
- Total Liabilities: $38,199
- Net Assets: $13,630
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Organization Details
Founding Year
1972
Principal Officer
Roberta Soolman
Main Address
10 Post Office Sq, Boston, MA, 02109
Website
www.lvm.orgNTEE Category
Code: P20 - Human services
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