Literacy Is a Family Experience Inc
Nonprofit profile at a glance
- EIN
- 471321251
- IRS 990-EZ coverage
- 2017–2024
- Forms available
- Form 990-EZ 2024, Form 990-N 2014
- Location
- New York, NY, USA
- Phone
- 9176278202
- Rating
- 75
- Verdict
- SUPPORTED
- Rating confidence
- Moderate
- Sector
- Public, Society Benefit N.E.C.
Reported finances
- Revenue
- $23,422
- Expenses
- $23,303
- Assets
- $36,031
- Liabilities
- $2,502
Source: IRS Form 990-EZ. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
6 people listed
Executive titles in this filing
- PATRICIA I ROWE (EXECUTIVE DIRECTOR)
- FREDERICK SHERMAN (PRESIDENT)
- ONALIN WILLIAMS (VICE PRESIDENT/TREASURER)
People named in this filing
- PATRICIA I ROWE (EXECUTIVE DIRECTOR)
- FREDERICK SHERMAN (PRESIDENT)
- ONALIN WILLIAMS (VICE PRESIDENT/TREASURER)
Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.
Source: IRS Form 990-EZ. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
Literacy is a family experience partners with families, parents, and educators to encourage and promote the active participation in a child's educational experience with the goal of creating healthy learning environments to improving literacy in homes, school and within the community.
What it reported doing in 2024
Program service accomplishment 1primary model programlearning resource center (lrc)grade 1-4 teachers provide the remedial intervention. Students receive the remedial intervention 1 hour from 2-5 days. Students and parents participate in the 1 2 3 books in the home reading at home program. Parents are expected to read at home or supervise their children reading at home. Grades 1-6 participate in the literature circle program - it is a "read to learn" program that fosters and improve, writing spelling, vocabulary, and comprehension skillspartners in action for literacy (pal) parents attend workshops to learn how to participate in their child's educational experience, read at home, address attendance, assist with homework assignment. Parents are assisted with workbooks for their children to do practice work at homeit is never too late parents are expected to ensure that their children attend school on a regular basis.family navigator (fn) a liaison is provided to parents to help improve engagementcreating a healthy environment for learninglibrary books and remedial reading books provided to help remove the barriers that hinder parental engagement. Also, to create a print rich environment in the classroom and space to house the lrc and create a library.
Operating model
- Revenue model
- Donor-supported. 97% of the money available for current operations came from contributions and gifts.
- 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.
The verdict
SUPPORTED - A large share of available resources goes toward mission work and the filed numbers largely add up. Expenses are high relative to revenue and total assets are small relative to annual expenses; liquid coverage is unknown.
Rating breakdown
- Financial Efficiency: 70
- Transparency & Controls: 82
- Sustainability: 48
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 69.7%; rating input score 70
- Program expense ratio: 70.1%; rating input score 70
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 52nd percentile among comparable filings
- Major donor itemization: Limited
Sustainability
- Operating margin: 0.5%; rating input score 47; 47th percentile among comparable filings
- Total-asset coverage ratio: 1.55; rating input score 58; 58th percentile among comparable filings
- Liabilities to assets ratio: 0.07; rating input score 19; 19th percentile among comparable filings
- Officer compensation ratio: 0%; rating input score 56; 56th percentile among comparable filings
Growth
- Program expense growth: 8.7% per year; rating input score 100; 70th percentile among comparable filings
- Revenue growth: 3.8% per year; rating input score 100; 67th percentile among comparable filings
- Asset growth: 6.1% per year; rating input score 100; 62nd percentile among comparable filings
Details
- Where the money goes: 69.7% of revenue deployed · 70.1% of spending went to programs
- Governance: Filed governance answers
- Accomplishments: 4 filed program accomplishments · $16K in reported program spending
- Leadership: top reported pay $0 · 6 people listed
- Consistency: 8 of 8 current checks pass
- Schedules: 2 filed schedules
- Filing history: 7 filing years from 2017 to 2024
- Contacts: How to reach this organization
- 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.
- Moderate — Sustainability: Operating margin scored 47/100.
- Review — Sustainability: Total-asset coverage ratio scored 58/100.
- High — Sustainability: Liabilities to assets ratio scored 19/100.
- Review — Sustainability: Officer compensation ratio scored 56/100.