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Literacy INC FY2020 filing

Tax-deductible

New York, NY501(c)(3)Education EIN 13-3911331Revenue $4.1M in FY2020

On file with the IRSlincnyc.org5030 Broadway Ste 641, 10034-1611 · New York, NYTax-exempt since Oct 2005Publicly supported charity — 170(b)(1)(A)(vi)

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Linc equips children with foundational Literacy skills by empowering families and communities.

501(c)(3) charity; gifts are tax-deductible.
80¢ of each $1 spent went to programs.
$106K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

Before you give

FY2020 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
4 of 6
filings with a surplus
Average surplus $820K a year · 15% of revenue · last 6 filings
Fine: a surplus in 4 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
80%
of spending
Looks good: 80% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$106K
to officers and key staff · 3% of spending
Looks good: pay to officers and key staff is 3% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
9 mo
of spending, in cash
Looks good: 9.4 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $20K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$812K
19% of total assets
Looks good: liabilities are 19% of assets; 50% or less.
Pt X · Ln 26
Independent board members
25
of 25 voting members
Looks good: 25 of 25 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$4.1M
Spent
$3.6M
To programs
80%
Net assets
$3.5M
By yearFY2020–FY2025
Revenue
$4.1M
FY2020
Tap a bar for its year
Revenue by fiscal year
FY2020$4.1M
FY2021$3.9M
FY2022$6.7M
FY2023$5.1M
FY2024$8.3M
FY2025$5.3M
Expenses
$3.6M
FY2020
Tap a bar for its year
Expenses by fiscal year
FY2020$3.6M
FY2021$3.5M
FY2022$4.5M
FY2023$5.2M
FY2024$5.7M
FY2025$6.0M
Net assets
$3.5M
FY2020
Tap a bar for its year
Net assets by fiscal year
FY2020$3.5M
FY2021$3.8M
FY2022$6.0M
FY2023$6.0M
FY2024$8.7M
FY2025$7.8M

From the FY2020 Form 990 (year ending June 2020) · figures checked against the IRS filing · see the original

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You’re viewing the FY2020 filing — not the latest on file. See the latest (FY2025) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Oct 2005.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

80 cents of each dollar spent went to programs.

Program services 80% · $2.9M Management & general 4% · $157K Fundraising 16% · $572K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

24 people listed on the 990; $106K paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2019); the FY2020 filing did not itemize Part VII
Shari Levine
Executive Director
$106,100Pt VII · Sec A
Carlos Rodriguez
Chairperson
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Kosha Udani
Assistant Treasurer
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Carl D Folta
Director
$0Pt VII · Sec A

Carla Godoy’s $168K as Deputy Director is at the 73rd percentile of top reported officer pay among 3394 $1–10M education nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 8 named individuals · Part VII

NameFY2025FY2024FY2023FY2022FY2021FY2020
Carla Godoy$168,094$147,008$145,558$126,035——
Laura Walsh$141,681—$133,010———
Shari Levine$121,869$120,968$140,539$109,826$112,500$106,100
Emmanuel Novy$140,255$133,008————
Katie Gardner-Boehm—$126,300$134,265———
Jessica Goldfarb$132,459$119,610————
Emmanuel J Novy——$128,192$103,323——
Elizabeth Manning$116,513—————

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aYes

Programs and updates

Equips children with literacy skills by empowering families and communities.

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Provided by the organization

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1 program · $2.9M · in their own filed words · FY2019
01

See schedule o

$2.9Mprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · funders on record
Grants received · FY2025
David L Klein JR FoundationFY2025$20K
Total grants receivedfrom 1 funder$20K

By the numbers

The FY2020 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$4.1M
Ln 12
Gifts and grantsLn 1h$4.0M
Fees for servicesLn 2g$50K
Other incomeLn 4–11$49K
Money outPt IX
$3.6M
Ln 25
Programscol B$2.9M
Managementcol C$157K
Fundraisingcol D$572K
Owns and owesPt X
$3.5M
net assets · Ln 32
Cash and savingsLn 1–2$2.8M
Total assetsLn 16$4.3M
LiabilitiesLn 26$812K
PeoplePt VI, VII
24
listed · VII A
PaidVII A1
Voting boardVI 1a25
IndependentVI 1b25
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$4.0M
Government grantsLn 1e$1.4M
Noncash giftsLn 1g$225K
Fundraising eventsLn 1c$514K
Fees for servicesLn 2g$50K
Investment incomeLn 3$3K
Other incomeLn 4–11$49K
Gains on assetsLn 7$2K
Total revenueLn 12$4.1M
Assets in detailPt X, end of year
CashLn 1$2.5M
SavingsLn 2$295K
Cash and savings togetherLn 1–2$2.8M
InvestmentsLn 11–13$250K
Land, buildings, equipmentLn 10c$2K
Other assetsLn 15$16K
Total assetsLn 16$4.3M
LiabilitiesLn 26$812K
Net assetsLn 32$3.5M
OperationsPt I, VI
EmployeesI 557
VolunteersI 626
Fiscal year endsHeaderJune
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY20End FY20
Cash and savingsLn 1–2$1.8M$2.8M
InvestmentsLn 11–13$250K
Land, buildings, equipmentLn 10c$3K$2K
Total assetsLn 16$3.2M$4.3M
LiabilitiesLn 26$241K$812K
Net assetsLn 32$2.9M$3.5M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$127K$101K$7K$19K
Other salaries and wagesLn 7$2.3M$1.8M$117K$333K
Pension plan contributionsLn 8$33K$26K$2K$5K
Other employee benefitsLn 9$132K$106K$7K$20K
Payroll taxesLn 10$179K$144K$9K$27K
Accounting feesLn 11c$53K$50K$730$2K
Professional fundraising feesLn 11e$49K$49K
Other fees for servicesLn 11g$211K$153K$5K$53K
Office expensesLn 13$44K$35K$2K$6K
OccupancyLn 16$102K$82K$5K$15K
Depreciation, depletion and amortizationLn 22$1K$820$54$151
InsuranceLn 23$11K$9K$560$2K
Other expenses (24a–d)Ln 24$404K$360K$2K$43K
Total functional expensesLn 25$3.6M$2.9M$157K$572K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $5.3M$6.0M−$758K$7.8M 990 PDF
FY2024 $8.3M$5.7M$2.6M$8.7M 990 PDF
FY2023 $5.1M$5.2M−$64K$6.0M 990 PDF
FY2022 $6.7M$4.5M$2.2M$6.0M 990 PDF
FY2021 $3.9M$3.5M$350K$3.8M 990 PDF
FY2020 Viewing $4.1M$3.6M$543K$3.5M 990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support M · Noncash O · Explanations
See the full FY2020 990 (6 parts)
Part I · Summary $4,141,149 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $3,833,859$4,039,746
I-9 Program service revenuePrior year $69,995$49,500
I-10 Investment incomePrior year $778$2,839
I-11 Other revenuePrior year $52,118$49,064
I-12 Total revenuePrior year $3,956,750$4,141,149
I-13 Grants and similar amounts paidPrior year $0$0
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $2,455,980$2,722,457
I-16a Professional fundraising feesPrior year $96,000$49,064
I-17 Other expensesPrior year $901,088$826,192
I-18 Total expensesPrior year $3,453,068$3,597,713
I-19 Revenue less expensesPrior year $503,682$543,436
Part VI · Governance 25 of 25 board members independent, no flags
VI-1a Voting members of the governing body25
VI-1b Independent voting members25
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $4,141,149 across 10 lines filed
VIII-1c Fundraising events$513,966
VIII-1e Government grants$1,350,101
VIII-1f All other contributions, gifts and grants$2,175,679
VIII-1g Noncash contributions (included above)$224,591
VIII-1h Total contributions, gifts and grants$4,039,746
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $49,500$49,500
VIII-3 Investment incomeExcluded from tax $530$530
VIII-7 Net gain or loss on sales of assetsExcluded from tax $2,309$2,309
VIII-8 Net income from fundraising eventsExcluded from tax $49,064$49,064
VIII-12 Total revenueRelated to mission $49,500 · Unrelated business $0 · Excluded from tax $51,903$4,141,149
Part IX · Statement of functional expenses $3,597,713 across 13 lines filed
IX-5 Pay of current officers, directors and key staffPrograms $101,305 · Management $6,601 · Fundraising $18,701$126,607
IX-7 Other salaries and wagesPrograms $1,801,480 · Management $117,395 · Fundraising $332,554$2,251,429
IX-8 Pension plan contributionsPrograms $26,106 · Management $1,701 · Fundraising $4,819$32,626
IX-9 Other employee benefitsPrograms $105,925 · Management $6,904 · Fundraising $19,553$132,382
IX-10 Payroll taxesPrograms $143,557 · Management $9,355 · Fundraising $26,501$179,413
IX-11c Accounting feesPrograms $50,119 · Management $730 · Fundraising $2,067$52,916
IX-11e Professional fundraising feesFundraising $49,064$49,064
IX-11g Other fees for servicesPrograms $153,497 · Management $4,975 · Fundraising $52,524$210,996
IX-13 Office expensesPrograms $35,060 · Management $2,284 · Fundraising $6,473$43,817
IX-16 OccupancyPrograms $81,947 · Management $5,340 · Fundraising $15,128$102,415
IX-22 Depreciation, depletion and amortizationPrograms $820 · Management $54 · Fundraising $151$1,025
IX-23 InsurancePrograms $8,600 · Management $560 · Fundraising $1,588$10,748
IX-24 Other expenses (24a–d)Programs $360,004 · Management $1,556 · Fundraising $42,715$404,275
IX-25 Total functional expensesPrograms $2,868,420 · Management $157,455 · Fundraising $571,838$3,597,713
Part X · Balance sheet $4,273,397 assets, 16 lines filed
X-1 Cash, non-interest-bearingStart of year $672,831$2,529,004
X-2 Savings and temporary cash investmentsStart of year $1,114,499$294,922
X-3 Pledges and grants receivableStart of year $1,304,738$1,102,102
X-4 Accounts receivableStart of year $5,181$53,739
X-9 Prepaid expenses and deferred chargesStart of year $44,577$26,251
X-10c Land, buildings and equipment, netStart of year $2,812$1,787
X-12 Other securities$249,922
X-15 Other assetsStart of year $13,850$15,670
X-16 Total assetsStart of year $3,158,488$4,273,397
X-17 Accounts payable and accrued expensesStart of year $241,407$321,300
X-25 Other liabilitiesStart of year $0$491,107
X-26 Total liabilitiesStart of year $241,407$812,407
X-27 Net assets without donor restrictionsStart of year $1,608,519$1,893,694
X-28 Net assets with donor restrictionsStart of year $1,308,562$1,567,296
X-32 Total net assets or fund balancesStart of year $2,917,081$3,460,990
X-33 Total liabilities and net assetsStart of year $3,158,488$4,273,397
Part XI · Reconciliation of net assets $3,460,990 net assets at year end
XI-1 Total revenue$4,141,149
XI-2 Total expenses$3,597,713
XI-3 Revenue less expenses$543,436
XI-4 Net assets at start of year$2,917,081
XI-5 Net unrealized gains (losses) on investments$473
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$3,460,990

Form 990 e-file (XML) FY2020 from the IRS · Classification, formation year and address from the IRS Business Master File

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