Overview
What is Literacy Coalition Of Central Texas?
The Literacy Coalition of Central Texas, established in 2001, is a nonprofit organization located in Austin, Texas. With a mission to break the cycle of intergenerational poverty, they offer holistic literacy services to high-need adults and preschool-aged children. With 67 member organizations, they embed high-quality programming in the business and nonprofit sectors to strengthen the workforce, enhance nonprofit programs, increase literacy, and foster stronger communities. The Coalition provides direct services to approximately 1,200 unduplicated children and adults annually, predominantly from non-white, low-income backgrounds, and often self-reporting as victims of violent crimes. The organization has a total of 87 employees, working tirelessly to empower individuals and families towards reaching their full potential.
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What are the reviews and ratings of this charity?
Charity Navigator Rating: 86% (Three-Star out of Four Star rating)
The Literacy Coalition of Central Texas has received a solid 86% rating from Charity Navigator, reflecting its strong accountability and financial management practices. With 100% of its board members being independent, the organization demonstrates a commitment to effective governance. It excels in various areas, such as having no material diversion of assets and maintaining comprehensive policies on conflicts of interest and whistleblower protections.
One of the coalition's notable strengths is its high program expense ratio of 88.51%, indicating that a significant portion of its funds is directed towards fulfilling its mission rather than administrative costs. This is a positive sign for donors looking to ensure their contributions have a meaningful impact on literacy initiatives in the community. Additionally, the organization has established robust audit and oversight practices, which further enhances its credibility.
However, the organization's liabilities to assets ratio stands at 63.03%, which could raise some concerns regarding financial stability. While this isn't a critical issue, it suggests that the coalition may need to focus on improving its overall financial health. Overall, the Literacy Coalition of Central Texas appears to be a well-managed nonprofit making strides towards its educational goals.
This AI summary has been generated from information found on Charity Navigator.
Is Literacy Coalition Of Central Texas legitimate?
Literacy Coalition Of Central Texas is a legitimate nonprofit organization registered as a 501(c)(3) entity. Literacy Coalition Of Central Texas 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: $177,425
Professional Fundraising Fees: $0
Other Salaries and Wages: $1,101,774
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Official website here: www.willread.org
What is the mission statement of Literacy Coalition Of Central Texas?
The Literacy Coalition of Central Texas, established in 2001, is a nonprofit organization with a mission to break the cycle of intergenerational poverty through holistic literacy services. Comprising 67 member organizations, the coalition embeds high-quality programming into the business and nonprofit sectors to strengthen the workforce, bolster nonprofit programs, increase literacy, and construct stronger communities. The coalition directly serves and partners with approximately 1200 unduplicated children and adults annually, primarily from underrepresented communities, to provide them with the necessary skills to reach their full potential.
Official website here: www.willread.org
Who is the CEO of Literacy Coalition Of Central Texas?
Bryan Lauer is the Board Chair of Literacy Coalition Of Central Texas. The CEO's salary of Literacy Coalition Of Central Texas is $79,617 and their total compensation is $86,866.
Official website here: www.willread.org
What is the revenue of Literacy Coalition Of Central Texas?
Literacy Coalition Of Central Texas's revenue in 2022 was $2,261,589.
Official website here: www.willread.org
Who are the executives of Literacy Coalition Of Central Texas and what are their salaries?
The average compensation at Literacy Coalition Of Central Texas during 2022 was $14,703. There are 87 employees and 63 volunteers at Literacy Coalition Of Central Texas.
Here are 15 key members and their salaries (Literacy Coalition Of Central Texas's CEO's salary is $79,617 and their total compensation is $86,866):
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Official website here: www.willread.org
Where can I find the form 990 for Literacy Coalition Of Central Texas?
Literacy Coalition Of Central Texas's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.willread.org
Learn more at the official website: www.willread.org
Mission Statement of Literacy Coalition Of Central Texas
The Literacy Coalition of Central Texas, established in 2001 by a network of literacy providers and community leaders, is a nonprofit organization with a mission to break the cycle of intergenerational poverty through holistic literacy services. This mission is carried out by embedding high-quality programming into the business and nonprofit sectors, with the goal of strengthening the workforce, bolstering nonprofit programs, increasing literacy, and building stronger communities. The coalition serves approximately 1200 unduplicated children and adults annually, with a significant percentage being non-White, low-income, and self-reporting as victims of violent crimes. Through direct service and partnerships, the Literacy Coalition of Central Texas provides various programs aimed at empowering individuals and families to reach their full potential.
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Impact
July, 2024
The Literacy Coalition of Central Texas has a significant impact on breaking the cycle of intergenerational poverty through its holistic literacy services. With a focus on providing high-quality programming in both the business and education sectors, the coalition works to strengthen the workforce, bolster literacy programs, increase literacy rates, and build stronger communities. Serving approximately 1,200 individuals annually, the coalition's initiatives directly impact a diverse population, with approximately 98% being nonwhite, 90% low-income, and 40% self-reporting as victims of violent crimes. Through programs like Texas Family Literacy AmeriCorps, the coalition offers direct literacy services to high-need adults and preschool-aged children in Austin, TX.
This information is meant to be a general summary of Literacy Coalition Of Central Texas. 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: $2
- Program Service Revenue: $100,619
- Gross Receipts: $2,290,042
Assets and Liabilities:
- Total Assets: $545,488
- Total Liabilities: $395,151
- Net Assets: $150,337
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
LITERACY TRAINING PART
Revenue
$100,619
Organization Details
Founding Year
2001
Phone
(512) 326-8655Principal Officer
Bryan Lauer
Main Address
724 EBERHART LN 500, AUSTIN, TX, 78745
Website
www.willread.orgNTEE Category
Code: B036 - Education
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