Queerlit Collective Inc

Nonprofit profile at a glance

EIN
991562758
IRS 990-EZ coverage
2024–2024
Forms available
Form 990-EZ 2024
Location
Tulsa, OK, USA
Phone
5392000510
Rating
71
Verdict
SUPPORTED
Rating confidence
Moderate
Sector
Libraries

Official website

Reported finances

Revenue
$30,006
Expenses
$15,810
Assets
$23,147
Liabilities
$517

Source: IRS Form 990-EZ. Selected filing: tax year 2024. Amounts in USD.

Leadership & pay

14 people listed

Executive titles in this filing

  • Michelle Simmons (President)
  • Tierney Bryce (Vice President)

People named in this filing

  • Michelle Simmons (President)
  • Tierney Bryce (Vice President)
  • Eddie Carreno (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

QueerLit Collective's mission is to establish unrestricted access to queer literature for the 2SLGBTQIA+ community and its allies.

What it reported doing in 2024

QueerLit Collective established 6 library sites to provide unrestricted access to queer literature and continued to strategically plan for the establishment of additional library sites. This work involved research to identify potential library sites, identification and development of important relationships with community partners that have space for potential library sites, research to carefully curate and develop book collections and library materials that will be accessible at library sites, and the processing and cataloging of book collections and library materials purchased or donated for use at library sites. The organization received $900.00 in contributed professional services and $5,600.00 in contributed property and facility use for its library operations.

Operating model

Revenue model
Donor-supported. 86% 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 - The filed numbers largely add up and revenue comfortably covers expenses. A relatively small share of available resources goes toward mission work and total assets are small relative to annual expenses; liquid coverage is unknown.

Rating breakdown

  • Financial Efficiency: 55
  • Transparency & Controls: 100
  • Sustainability: 69
  • Growth: NotEnoughData

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 41.3%; rating input score 41
  • Program expense ratio: 77.6%; rating input score 78

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: 47.3%; rating input score 90; 90th percentile among comparable filings
  • Total-asset coverage ratio: 1.46; rating input score 57; 57th percentile among comparable filings
  • Liabilities to assets ratio: 0.02; rating input score 25; 25th percentile among comparable filings
  • Officer compensation ratio: 0%; rating input score 56; 56th percentile among comparable filings

Growth

  • Program expense growth: Limited
  • Revenue growth: Limited
  • Asset growth: Limited

Details

  • Where the money goes: 41.3% of revenue deployed · 77.6% of spending went to programs
  • Governance: Filed governance answers
  • Accomplishments: 3 filed program accomplishments · $12K in reported program spending
  • Leadership: top reported pay $0 · 14 people listed
  • Consistency: 9 of 9 current checks pass
  • Schedules: 3 filed schedules
  • Filing history: 1 filing year from 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 — Financial Efficiency: Mission deployment rate scored 41/100.
  • Review — Sustainability: Total-asset coverage ratio scored 57/100.
  • High — Sustainability: Liabilities to assets ratio scored 25/100.
  • Review — Sustainability: Officer compensation ratio scored 56/100.