Literacy New Jersey Inc
Nonprofit profile at a glance
- EIN
- 521146384
- IRS 990 coverage
- 2014–2024
- Forms available
- Form 990 2024
- Location
- Edison, NJ, USA
- Phone
- 7329065456
- Rating
- 87
- Verdict
- STRONG
- Rating confidence
- Moderate
Reported finances
- Revenue
- $2,123,534
- Expenses
- $2,214,649
- Assets
- $1,015,542
- Liabilities
- $618,373
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
11 people listed
Executive titles in this filing
- CHRISTINE D'AGOSTINO (PRESIDENT)
- PATRICK RICHARDS (PRESIDENT ELECT)
- ELIZABETH GLOEGGLER (CHIEF EXECUTIVE OFFICER)
Highest reported compensation
- ELIZABETH GLOEGGLER (CHIEF EXECUTIVE OFFICER): $109,008 total reported compensation
- JESSICA TOMKINS (CHIEF OPERATING OFFICER): $109,008 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
Literacy New Jersey, inc. Exists so all adults have the opportunity to read, write, and communicate effectively. This is done by training volunteer tutors to help adult learners and by supporting a network of literacy programs.
What it reported doing in 2024
The organization provides free instruction to adults who need help with reading, writing, math and speaking english. Trained volunteer tutors work with adults one-to-one or in small groups to help them improve their literacy and literacy skills so they can reach their life goals. The organization: provides free adult literacy services in ten counties: atlantic, burlington, cape may, gloucester, mercer, middlesex, monmouth, ocean, sussex, union, west hudson; provides comprehensive training to prepare community volunteers to tutor adults; provides professional development, technical assistance, training and other support services to affiliate member programs; develops and disseminates instructional materials and training on key topics in adultliteracy; and, advocates on behalf of a statewide network of programs for increased funding andincreased visibility for the need of adult literacy services.
Operating model
- Revenue model
- Grant-funded. 79% 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.
The verdict
STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Fundraising costs are high for each dollar raised and expenses are high relative to revenue.
Rating breakdown
- Financial Efficiency: 87
- Transparency & Controls: 92
- Accountability: 95
- Sustainability: 20
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 92.9%; rating input score 93
- Program expense ratio: 89%; rating input score 89
- Fundraising efficiency: $15.3 raised per $1 spent on fundraising; rating input score 51; 51st 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: Limited
- 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 9 controls in place; rating input score 89
- Conflict-of-interest policy: Pass
- Whistleblower policy: Pass
- Document-retention policy: Pass
- CEO compensation review process: Pass
- Other executive compensation review process: Pass
- Form 990 shared with the board: Fail
- Board meeting minutes documented: Pass
- Audit committee oversight: Pass
- Independent financial-statement audit: Pass
Sustainability
- Operating margin: -4.3%; rating input score 21; 21st percentile among comparable filings
- Total-asset coverage ratio: 0.46; rating input score 16; 16th percentile among comparable filings
- Liabilities to assets ratio: 0.61; rating input score 16; 16th percentile among comparable filings
- Officer compensation ratio: 9.8%; rating input score 30; 30th percentile among comparable filings
Growth
- Program expense growth: 11.4% per year; rating input score 100; 68th percentile among comparable filings
- Revenue growth: 10.9% per year; rating input score 100; 71st percentile among comparable filings
- Asset growth: 18% per year; rating input score 100; 80th percentile among comparable filings
Details
- Where the money goes: 92.9% of revenue deployed · 89% of spending went to programs
- Governance: 9 of 9 board members independent · 8 of 9 filing controls reported
- Programs: 1 filed program accomplishment · $2M in reported program spending
- Leadership: top reported pay $109K · 11 people listed
- Consistency: 31 of 31 current checks pass
- Schedules: 4 filed schedules · includes major donors
- Filing history: 11 filing years from 2014 to 2024
- Contacts: How to reach this organization
- Money network: 2 filed money-flow records
- 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.
- Staff and benefit plans: Retirement and health plans the organization files with the Department of Labor, and the people in them.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
- Review — Financial Efficiency: Fundraising efficiency scored 51/100.
- High — Sustainability: Operating margin scored 21/100.
- High — Sustainability: Total-asset coverage ratio scored 16/100.
- Review — Accountability: Governance controls: Form 990 shared with the board not reported.
- High — Sustainability: Liabilities to assets ratio scored 16/100.
- Moderate — Sustainability: Officer compensation ratio scored 30/100.