Literacy Coalition of Central Texas
Nonprofit profile at a glance
- EIN
- 800078300
- IRS 990 coverage
- 2011–2024
- Forms available
- Form 990 2024
- Location
- Austin, TX, USA
- Phone
- 5123268655
- Rating
- 89
- Verdict
- STRONG
- Rating confidence
- Moderate
- Sector
- Professional Societies, Associations
Reported finances
- Revenue
- $1,153,075
- Expenses
- $1,139,086
- Assets
- $268,382
- Liabilities
- $174,225
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
8 people listed
Executive titles in this filing
- LISA STEWART (CEO)
Highest reported compensation
- LISA STEWART (CEO): $101,896 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
The literacy coalition of central Texas (lcct) is a non-profit organization with a mission to transform the lives of adults by providing accessible education services and opportunities for economic advancement. It was founded in 2001 by a network of literacy providers and community leaders to ensure central Texas individuals and families have the skills to reach their full potential. Now 67 members strong, we embed high-quality programming in the business and nonprofit sectors to help strengthen the workforce, bolster nonprofit programs, increase literacy, and build stronger communities.literacy coalition of central Texas provides the following programs through direct service and our partnerships to approx. 1200 unduplicated children/adults annually (approx. 98% non-white, approx. 90% low-income, and approx. 40% self-reporting as victims of violent crimes).
What it reported doing in 2024
Adult basic education - basic reading and math, as well as high school equivalency preparation and job readiness for clients entering the workforce for the first time or re-entering after some time off.
Operating model
- Revenue model
- Grant-funded. 82% of the money available for current operations came from government grants.
- Distribution model
- Hybrid. The nonprofit split its reported program spending across 62% for direct work, and 38% for grants.
The verdict
STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Program spending has declined or grown slowly and expenses are high relative to revenue.
Rating breakdown
- Financial Efficiency: 92
- Transparency & Controls: 94
- Accountability: 100
- Sustainability: 28
- Growth: 60
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 92.9%; rating input score 93
- Program expense ratio: 94%; rating input score 94
- Fundraising efficiency: $71.85 raised per $1 spent on fundraising; rating input score 83; 83rd percentile among comparable filings
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
- Pay-setting controls: Limited
- Foreign activity oversight: Limited
- Grant itemization coverage: 100%; rating input score 100; 76th percentile among comparable filings
- Major donor itemization: Yes; rating input score 100
- Related-party transparency: Limited
Accountability
- Independent voting board: 100%; rating input score 100; 63rd percentile among comparable filings
- Governance controls: 8 of 8 controls in place; rating input score 100
- Conflict-of-interest policy: Pass
- Whistleblower policy: Pass
- Document-retention policy: Pass
- 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: 1.2%; rating input score 40; 40th percentile among comparable filings
- Total-asset coverage ratio: 0.24; rating input score 11; 11th percentile among comparable filings
- Liabilities to assets ratio: 0.65; rating input score 12; 12th percentile among comparable filings
- Officer compensation ratio: 8.9%; rating input score 40; 40th percentile among comparable filings
Growth
- Program expense growth: -3.1% per year; rating input score 0; 10th percentile among comparable filings
- Revenue growth: 2% per year; rating input score 100; 24th percentile among comparable filings
- Asset growth: 1.8% per year; rating input score 100; 24th percentile among comparable filings
Details
- Where the money goes: 92.9% of revenue deployed · 94% of spending went to programs
- Governance: 7 of 7 board members independent · 8 of 8 filing controls reported
- Programs: 4 filed program accomplishments · $1.1M in reported program spending
- Leadership: top reported pay $102K · 8 people listed
- Consistency: 24 of 24 current checks pass
- Schedules: 6 filed schedules · includes major donors and grants
- Filing history: 13 filing years from 2011 to 2024
- Contacts: How to reach this organization
- Money network: 3 filed money-flow records
- Related organizations: 2 filed related-organization links
- 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.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
- High — Growth: Program expense growth scored 0/100.
- Moderate — Sustainability: Operating margin scored 40/100.
- High — Sustainability: Total-asset coverage ratio scored 11/100.
- High — Sustainability: Liabilities to assets ratio scored 12/100.
- Moderate — Sustainability: Officer compensation ratio scored 40/100.