Alaska Literacy Program Inc

Overview

Mission

The mission of the Alaska Literacy Program is to change lives through literacy. Since 1974, ALP has been providing literacy services to Anchorage residents and individuals throughout the state of Alaska.

What it reported doing in 2024

ALP recruits, trains, certifies, and supports volunteer teachers who teach reading, writing, and speaking English to adults, serving an average of 600 students each year. ALP changes lives and enriches our community by teaching adults literacy skills to increase their self-sufficiency. ALPs Peer Leader Navigator initiative provides information on access to health care, mental health care, and disaster preparedness for Anchorage community members.

Operating model

Revenue model
Grant-funded. 63% of the money available for current operations came from government grants.
Distribution model
Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.

Nonprofit profile at a glance

EIN
237451172
IRS 990 coverage
2020–2024
Forms available
Form 990 2024
Headquarters
Anchorage, AK, USA
Phone
9073371981
Rating
86
Verdict
STRONG
Rating confidence
Moderate

The verdict

STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Some filing-based governance responses are negative or unanswered and expenses are high relative to revenue.

Rating breakdown

  • Financial Efficiency: 89
  • Transparency & Controls: 84
  • Accountability: 90
  • Sustainability: 41
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 89.2%; rating input score 89
  • Program expense ratio: 87.3%; rating input score 87
  • Fundraising efficiency: $245.95 raised per $1 spent on fundraising; rating input score 93; 93rd percentile among comparable filings

Transparency & Controls

  • Consistency checks: 93.3%; rating input score 93; 22nd percentile among comparable filings
  • Pay-setting controls: Limited
  • Foreign activity oversight: Limited
  • Grant itemization coverage: Limited
  • Major donor itemization: Limited
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 100%; rating input score 100; 63rd percentile among comparable filings
  • Governance controls: 6 of 8 controls in place; rating input score 75
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Fail
    • Document-retention policy: Fail
    • CEO compensation review process: Pass
    • Other executive compensation review process: NotApplicable
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Pass
    • Independent financial-statement audit: Pass

Sustainability

  • Operating margin: -2%; rating input score 30; 30th percentile among comparable filings
  • Total-asset coverage ratio: 1.64; rating input score 59; 59th percentile among comparable filings
  • Liabilities to assets ratio: 0.04; rating input score 56; 56th percentile among comparable filings
  • Officer compensation ratio: 13.2%; rating input score 27; 27th percentile among comparable filings

Growth

  • Program expense growth: 12.9% per year; rating input score 100; 71st percentile among comparable filings
  • Revenue growth: 14% per year; rating input score 100; 76th percentile among comparable filings
  • Asset growth: 29.4% per year; rating input score 100; 90th percentile among comparable filings

Details

  • Where the money goes: 89.2% of revenue deployed · 87.3% of spending went to programs
  • Governance: 8 of 8 board members independent · 6 of 8 filing controls reported
  • Programs: 1 filed program accomplishment · $1.3M in reported program spending
  • Leadership: top reported pay $71K · 12 people listed
  • Consistency: 24 of 25 current checks pass · 1 finding to review
  • Schedules: 3 filed schedules
  • Filing history: 5 annual filings from 2020 to 2024
  • Contacts: How to reach this organization
  • Money network: 4 filed money-flow records
  • Related organizations: Filed and resolved organization relationships.
  • Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
  • People: Everyone the filings name, and which of them the filings identify by more than a name.

Leadership & pay

12 people listed

Highest reported compensation

  • Amy Facklam (Co-Executive Director): $70,788 total reported compensation
  • Marisol Vargas (Co-Executive Director): $70,788 total reported compensation
  • Deepika Perumal (Former Executive Director): $52,441 total reported compensation

Source: IRS Form 990. Selected filing: FY2024.