Overview
What is Literacy Trust Inc?
Literacy Trust Inc, based in New York City, is a nonprofit organization dedicated to enhancing literacy skills among elementary school students. Their primary focus is on providing one-to-one literacy interventions through a program called Reading Rescue, which targets students in first and second grade, as well as offering professional development for school staff members. The organization aims to leverage existing resources within school communities to boost educational capacity, ultimately fostering fluent, motivated, and self-confident readers. With a team of 28 employees, Literacy Trust Inc continually strives to improve and develop new literacy intervention services.
Official website here: www.literacytrust.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 100%, Four-Star out of Four Star rating.
Literacy Trust Inc. has received a perfect score of 100%, reflecting its strong performance in accountability and finance. This high rating is significant as it indicates the organization adheres to rigorous financial management standards, ensuring transparency and responsible stewardship of donor funds.
One of the organizational strengths highlighted is its commitment to an independent board, with 100% of its members being independent. Additionally, the organization boasts a high program expense ratio of 71.20%, suggesting that a substantial portion of its funds is directed towards its programs, which is a positive indicator for donors seeking impactful contributions.
There are no noted limitations or concerns in the data provided. Overall, Literacy Trust Inc. demonstrates a robust financial and operational framework, making it a trustworthy choice for potential donors looking to support literacy initiatives.
This AI summary has been generated from information found on Charity Navigator.
Is Literacy Trust Inc legitimate?
Literacy Trust Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Literacy Trust 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: $173,970
Professional Fundraising Fees: $0
Other Salaries and Wages: $1,636,770
For more financial information, click here
Official website here: www.literacytrust.org
What is the mission statement of Literacy Trust Inc?
The Literacy Trust Inc's mission is centered around leveraging existing resources within school communities to enhance educational capacity. This aim is to foster the development of fluent, motivated, and self-confident readers. The organization carries out its mission through various activities, including providing daily one-to-one literacy interventions for elementary students through a program called Reading Rescue. This service is also accompanied by professional development opportunities for school staff members to deliver research-based instruction that aids struggling readers. The Literacy Trust Inc also engages in program development, enhancing and creating new literacy intervention service offerings, and conducts program research and analysis to evaluate the impact of these services.
Official website here: www.literacytrust.org
Who is the CEO of Literacy Trust Inc?
Erica Doherty is the Executive Director of Literacy Trust Inc.
Official website here: www.literacytrust.org
What is the revenue of Literacy Trust Inc?
Literacy Trust Inc's revenue in 2022 was $1,784,480.
Official website here: www.literacytrust.org
Who are the executives of Literacy Trust Inc and what are their salaries?
The average compensation at Literacy Trust Inc during 2022 was $64,669. There are 28 employees and 10 volunteers at Literacy Trust Inc.
Here are 14 key members and their salaries:
- Compensation: $152,171
- Related: $0
- Other: $17,842
- Compensation: $119,650
- Related: $0
- Other: $14,705
- Compensation: $121,650
- Related: $0
- Other: $3,911
- Compensation: $109,100
- Related: $0
- Other: $16,139
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
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- Other: $0
- Compensation: $0
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- Other: $0
- Compensation: $0
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- Other: $0
- Compensation: $0
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- Other: $0
Official website here: www.literacytrust.org
Where can I find the form 990 for Literacy Trust Inc?
Literacy Trust Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.literacytrust.org
Learn more at the official website: www.literacytrust.org
Mission Statement of Literacy Trust Inc
Literacy Trust Inc, an organization dedicated to enhancing educational capacity, aims to transform elementary students into fluent, motivated, and self-confident readers. Leveraging existing resources within school communities, Literacy Trust Inc embarks on a mission to build educational capacity, ultimately improving literacy skills. The nonprofit achieves this by providing daily one-to-one literacy interventions through their Reading Rescue program. This service is offered to students in first and some second grades, providing additional support in reading, writing, and speaking.
Beyond direct intervention, Literacy Trust Inc also provides professional development opportunities for school staff members. This program equips educators with research-based instruction techniques that effectively accelerate the literacy skills of struggling readers. By empowering teachers and school staff, Literacy Trust Inc ensures a comprehensive approach towards fostering literacy development in school communities. This holistic approach, grounded in leveraging existing resources, forms the core of Literacy Trust Inc's mission to enhance literacy skills and foster motivated learners.
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Impact
July, 2024
Literacy Trust Inc leverages existing resources within school communities to increase educational capacity, ultimately creating more fluent, motivated, and self-confident readers. Their literacy intervention programs, such as Reading Rescue, provide one-to-one literacy support for elementary students and professional development for school staff. By offering research-based instruction and support, Literacy Trust Inc accelerates struggling readers' literacy skills, impacting students in first and second grade. Additionally, their program development efforts enhance current services and develop new offerings to further support literacy intervention. Through evaluation and analysis, Literacy Trust Inc continuously assesses the impact of their programs, contributing to the growth of literacy skills in school communities.
This information is meant to be a general summary of Literacy Trust 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: $13
- Program Service Revenue: $175,776
- Gross Receipts: $1,784,480
Assets and Liabilities:
- Total Assets: $1,951,497
- Total Liabilities: $191,913
- Net Assets: $1,759,584
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
MEMBERSHIP FEES
Revenue
$158,000
PROGRAM SERVICE FEES
Revenue
$17,776
Organization Details
Founding Year
1998
Phone
(646) 844-0720Principal Officer
Erica Doherty
Main Address
229 WEST 36TH STREET 8TH FLOOR, NEW YORK, NY, 10018
Website
www.literacytrust.orgNTEE Category
Code: B116 - Education
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