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Literacy Lab

Litlab

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

EIN: 472116172 ✦ Mill valley, CA ✦ Designated as a 501(c)(3)

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Overview

What is Literacy Lab?

Literacy Lab, identified as DoingBusinessAsName, is a nonprofit organization based in Mill Valley, California. With a team of three dedicated individuals, Literacy Lab's mission is to enrich early learning experiences for under-resourced children, caregivers, and educators. They achieve this by utilizing a blend of books, digital content, and interactive solutions. In 2018, they collaborated with GitLab to develop a monitoring tool for the Littab multi-app environment, allowing providers and parents to better understand and guide learners using the Littab program. Literacy Lab continues to innovate and test new products and services, aiming to integrate them into their comprehensive suite of programs and tools.


Official website here: www.litlab.org

Is Literacy Lab legitimate?

Literacy Lab is a legitimate nonprofit organization registered as a 501(c)(3) entity. Literacy Lab 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: $114,194
Professional Fundraising Fees: $0
Other Salaries and Wages: $46,472

For more financial information, click here


Official website here: www.litlab.org

What is the mission statement of Literacy Lab?

The mission of Literacy Lab is to establish connected and interactive learning environments for underprivileged children, their caregivers, and educators. This is achieved by deploying physical books, digital content, and blended learning solutions. The organization is constantly innovating, as demonstrated by the development of a back-end utility app in 2018, which helps providers and parents monitor the usage of the LitTAB multi-app environment to optimize learners' guidance. Literacy Lab continues to pilot new products and services, aiming to integrate them into their comprehensive suite of programs and solutions.


Official website here: www.litlab.org

Who is the CEO of Literacy Lab?

Laura Reed is the Ceo of Literacy Lab. The CEO's salary of Literacy Lab is $123,663 and their total compensation is $123,663.


Official website here: www.litlab.org

What is the revenue of Literacy Lab?

Literacy Lab's revenue in 2021 was $486,996.


Official website here: www.litlab.org

Who are the executives of Literacy Lab and what are their salaries?

The average compensation at Literacy Lab during 2021 was $53,555. There are 3 employees and 6 volunteers at Literacy Lab.


Here are 7 key members and their salaries (Literacy Lab's CEO's salary is $123,663 and their total compensation is $123,663):


Laura Reed (Ceo)
  • Compensation: $123,663
  • Related: $0
  • Other: $0
Ush Patel (Board President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Mike Knych (Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
Lea Anne Borders (Secretary)
  • Compensation: $0
  • Related: $0
  • Other: $0
Steve Midgley (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Eliza Leighton (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Joshua Wright (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0


Official website here: www.litlab.org

Where can I find the form 990 for Literacy Lab?

Literacy Lab's most recent form 990 was submitted in 2021 and can be accessed here.


Official website here: www.litlab.org

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

Mission Statement of Literacy Lab

Literacy Lab, a nonprofit organization, is committed to establishing interconnected and engaging learning environments for underprivileged children, their caregivers, and educators. They achieve this by deploying a mix of physical books, digital content, and blended learning solutions. The primary aim of Literacy Lab is to empower these individuals to succeed in their educational journey. To further support their mission, Literacy Lab staff are continuously innovating and prototyping new methods to enhance learning experiences. In 2018, they developed a back-end utility application, enabling providers and parents to monitor the usage of the Litlab Multi-App Environment. This tool provides valuable insights, helping to guide learners effectively as they engage with the Litlab program. Literacy Lab continues to pilot products and services, aiming to integrate them into their comprehensive suite of programs and solutions.

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Impact




October, 2024

Literacy Lab significantly enhances early learning environments for under-resourced children. By providing access to books, digital content, and blended learning solutions, it fosters a connected and interactive educational experience. The initiatives developed by Literacy Lab, such as the back-end utility app for monitoring usage of the Littab program, empower caregivers and educators with insights to better support learners. Ongoing prototyping of new products and services ensures that the organization stays at the forefront of educational innovation, continually refining its approach to help children succeed in their educational journeys. This commitment to adapting and improving its offerings strengthens literacy and learning outcomes, creating a lasting impact on the communities it serves.




This information is meant to be a general summary of Literacy Lab. 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
$486,996 (2021)
Expenses
$280,714 (2021)
Efficiency

Other financial information:

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

  • Program Service Revenue: $5,495
  • Gross Receipts: $486,996

Assets and Liabilities:

  • Total Assets: $155,212
  • Total Liabilities: $49,417
  • Net Assets: $105,795

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Programs

Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

PROGRAM SERVICE FEES

Revenue

$5,495

Organization Details

Founding Year

2014

Principal Officer

Laura Reed

Main Address

1 WEATHERLY DR APT 101, MILL VALLEY, CA, 94941

NTEE Category

Code: B92 - Education

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