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New York BBB Wise Giving Report for
Literacy Partners

A BBB Accredited charity

 



Expiration Date:
07/2015
Name:
Literacy Partners, Inc.
Address:
30 East 33rd Street
6th Floor
New York, NY 10016
Phone:
212-725-9200
Year, State Incorporated:
1973, New York
Affiliates:
None
Stated Purpose:
" Ensuring that all community members have access to the education they desire. "





Evaluation Conclusions
 

              
Literacy Partners, Inc. meets the 20 Standards for Charity Accountability.




Programs
 

              
For over almost 40 years, Literacy Partners has provided high quality, free, community-based adult and family literacy programs to over 35,000 New York City residents. Our classes are led by experienced adult education teachers and supported by dedicated and highly trained volunteer tutors. Classes include Adult Basic Education, Pre-GED, GED, English for Speakers of Other Languages, Job Readiness, Financial and Health Liteacy. Classes are offered twelve months of the year during morning, afternoon and evening hours, and are offered at eight locations in New York City, including the Lower East Side, Harlem and the South Bronx.



Governance
 

              
Chief Executive Officer:
Anthony Tassi, Executive Director
Compensation*:
$150,000
Chair of the Board:
Mark A. Jackson
Chair's Profession / Business Affiliation:
Dow Jones and Company
Board Size:
20
Paid Staff Size:
36



*Compensation includes annual salary and, if applicable, benefit plans, expense accounts, and other allowances.




Fund Raising
 

              
Method(s) Used:


Direct mail appeals, invitations to fund raising events, grant proposals, internet, planned giving arrangements
Fund raising costs were 22% of related contributions. (Related contributions, which totaled $2,351,112, are donations received as a result of fund raising activities.)




Tax Status
 

              
This organization is tax-exempt under section 501(c)(3) of the Internal Revenue Code. It is eligible to receive contributions deductible as charitable donations for federal income tax purposes.




Financial
 

              
The following information is based on Literacy Partner's Audited Financial Statements for the fiscal year ended June 30, 2012.

Source of Funds  

Fundraising Events

$1,016,675

Government Contracts

798,549

Contibuted Goods and Services

519,656

Foundation Grants

360,486

Investment Return Designated for Current Operations

286,500

Individual Contributions

248,743

Corporate Contributions

166,608

Community Partnership Grants

38,944

Investment Income

4,287

Other Revenue

3,814

Total Income

$3,444,262

Program Expenses  

Basic Educational Centers

$1,496,115

Educational Support

883,947

Family Literacy Centers

106,406
Total Program Expenses:
Fund Raising Expenses
Administrative Expenses

Total expenses

Expenses in Excess of Income

2,486,468
516,375
532,918

$3,535,761

$(91,499)




Uses of Funds as a % of Total Expenses


Programs: 70%  Fund Raising: 15%  Administrative 15% 
Roll the cursor over the pie chart to see the dollar amounts.


Beginning net assets $7,111,028
Ending net assets 6,713,167
Total liabilities 21,709

Total assets

$6,734,876






 

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This report is not to be used for fundraising or promotional purposes and may not be reproduced or distributed in whole or in part.