Literacy Volunteers of Kennebec

Nonprofit profile at a glance

EIN
237409748
IRS 990-EZ coverage
2022–2025
Forms available
Form 990-EZ 2025, Form 990-N 2019
Location
Augusta, ME, USA
Phone
2076263440
Rating
82
Verdict
STRONG
Rating confidence
Moderate
Sector
Adult, Continuing Education

Official website

Reported finances

Revenue
$165,265
Expenses
$103,728
Assets
$241,382
Liabilities
$0

Source: IRS Form 990-EZ. Selected filing: tax year 2025. Amounts in USD.

Leadership & pay

12 people listed

Executive titles in this filing

  • VIRGINIA MARRINER (EXECUTIVE DIRECTOR)

People named in this filing

  • VIRGINIA MARRINER (EXECUTIVE DIRECTOR)
  • SELINA MCGLAUFLIN (BOARD CHAIR)
  • GREG THOMPSON (BOARD VICE CHAIR)

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 2025. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

The mission of literacy volunteers of kennebec (lvk) is to improve reading, writing and related literacy skills of adults so each individual may reach their potential, and to promote and advocate for literacy for families and the community. Lvk is committed to providing each individual with the literacy skills needed to be productive and engaged in the workforce and their community. Lvk partners with other service organizations to ensure learners have the resources needed to be self-sufficient and informed. Building literacy skills is foundational to community well-being. Lvk supports early education to ensure academic success for all children.

What it reported doing in 2025

Lvk serves individuals who do not have english as their first language, who need general reading help, financial literacy, technology literacy, health literacy, and who need help to accomplish other workplace or educational goals. There are no eligibility guidelines or cost for literacy services. Lvk is learner-centered, ensuring the focus is on the specific goals of each learner. Lvk believes that the ability to read and write, to understand and be understood, is critical to personal independence and the ability to contribute to society. Literacy as an integral element in the broader social goals of economic opportunity, security, and dignity.

Operating model

Revenue model
Donor-supported. 98% 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

STRONG - The filed numbers largely add up and a large share of total spending goes to programs. A relatively small share of available resources goes toward mission work and reported officer compensation is a large share of total spending, which may reflect staffing concentration.

Rating breakdown

  • Financial Efficiency: 67
  • Transparency & Controls: 100
  • Sustainability: 75
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 55.3%; rating input score 55
  • Program expense ratio: 86.4%; rating input score 86

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 52nd percentile among comparable filings
  • Major donor itemization: Yes; rating input score 100

Sustainability

  • Operating margin: 37.2%; rating input score 86; 86th percentile among comparable filings
  • Total-asset coverage ratio: 2.33; rating input score 83; 83rd percentile among comparable filings
  • Liabilities to assets ratio: 0; rating input score 74; 74th percentile among comparable filings
  • Officer compensation ratio: 33.7%; rating input score 11; 11th percentile among comparable filings

Growth

  • Program expense growth: 8.2% per year; rating input score 100; 54th percentile among comparable filings
  • Revenue growth: 27.3% per year; rating input score 100; 88th percentile among comparable filings
  • Asset growth: 18.1% per year; rating input score 100; 75th percentile among comparable filings

Details

  • Where the money goes: 55.3% of revenue deployed · 86.4% of spending went to programs
  • Governance: Filed governance answers
  • Accomplishments: 2 filed program accomplishments · $90K in reported program spending
  • Leadership: top reported pay $0 · 12 people listed
  • Consistency: 8 of 8 current checks pass
  • Schedules: 3 filed schedules
  • Filing history: 4 filing years from 2022 to 2025
  • Contacts: How to reach this organization
  • Money network: 1 filed money-flow record
  • 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.

  • Review — Financial Efficiency: Mission deployment rate scored 55/100.
  • High — Sustainability: Officer compensation ratio scored 11/100.