Literacy Design Collaborative INC EIN 46-3418612 Form 990 (PDF) Claim this org

Literacy Design Collaborative INC FY2022 filing

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Empowers educators with tools to ensure all students graduate college and career ready. For fiscal year 2022 it reported $1.6M in revenue, $1.9M in expenses, and $2.0M in net assets.Pt I

Type
Public charity (501(c)(3)) · Education
Location
New York, NY
Website
www.ldc.org
Filings
5 on file (2020–2022)
Revenue
$1.6MFY2022
Expenses
$1.9M
Net assets
$2.0M
People
13
Filings
5
Updates
0
More identity details & actions ⌄
EIN  46-3418612 Public charity (501(c)(3)) New York, NY
Form 990 (PDF)
You’re viewing the FY2022 filing — not the latest on file. See the latest (FY2024) →
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Figures match the IRS filing checked 8/26/26 · see original: IRS
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Size
$1–10M
What they do
Empowers educators with tools to ensure all students graduate college and career ready.
Leadership
Chad Vignola · President / Executive Dire · $263K
Money in and out
$1.6M revenue, $1.9M expenses
Bottom line
87% program efficiency
Where the money goes · FY2022
Total revenue
$1.6M
Pt VIII · Ln 12
Total expenses
$1.9M
Pt IX · Ln 25
Net assets
$2.0M
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): −$281K
Where spending went · Part IX cols B–D
Program services $0.87 Management & general $0.13
Program efficiency
87%
of spending reaches programs
Operating runway
4.3mo
months of highly liquid reserves at operating expense rate
Surplus margin
-17%
revenue over expenses, this year

Summary of the Filing

Part I · fiscal year 2022 · Form 990
Revenue
$1.6M
FY2022▲ +37%
Expenses
$1.9M
FY2022▲ +27%
Total assets
$2.8M
FY2022▼ -16%
Total liabilities
$718K
FY2022▼ -26%
Total revenue
$1.6M
Pt VIII · Ln 12
Total expenses
$1.9M
Pt IX · Ln 25
Net assets
$2.0M
Pt X · Ln 32
Revenue less expensesPt I · Ln 19−$281K
Total assetsPt X · Ln 16$2.8M
Program-expense ratioPt IX · col B87%
Voting members of governing bodyPt I · Ln 37
Independent voting membersPt I · Ln 46
Mission & Programs · Part III

Where the work happens

1 program service account for $1.6M of program spending, described in the organization's own filed words · FY2022.
01

See schedule o

$1.6Mprogram expense

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Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CLiteracy Design Collaborative INC
EINHdr · item D46-3418612
Principal addressHdr · item CNew York, NY
WebsiteHdr · item Jwww.ldc.org
Year of formationHdr · item Lpending
State of legal domicileHdr · item MNY
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFEducation (B99)
Ruling yearIRS BMFAug 2014

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a7
Independent voting membersPt VI · Ln 1b6
Conflict-of-interest policyPt VI · Ln 12aYes
Whistleblower policyPt VI · Ln 13Yes
Document retention policyPt VI · Ln 14Yes
CEO/top-official compensation independently reviewedPt VI · Ln 15aYes
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
President / Executive Dire
$262,650Pt VII · Sec A
Chief Program Officer
$126,647Pt VII · Sec A
Dir. of District Leadershi
$121,022Pt VII · Sec A
Principal Software Develop
$108,196Pt VII · Sec A
Director (thru 05/22)
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A

Chad Vignola’s $295K as President / Executive Director is at the 95th percentile of top reported officer pay among 3393 $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

NameFY2024FY2023FY2022FY2021FY2020
Chad Vignola$295,181$278,576$262,650$337,931$287,818
Kameron Ann Lewis Levin$163,627
Robert Kasher$154,278$137,316$126,647$120,112
Dwight Nolt$130,944$124,207$121,022$111,170
Nephi Wright$121,454$114,345$108,196$101,615
Sabrina Alicea$119,332
Barrie Harvey$115,033
Sabrina Lydia Alicea$113,230

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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Statement of Revenue

Part VIII
Contributions & grants$843K · 52%
Program service revenue$770K · 48%
Contributions & grants52%$843K
Program service revenue48%$770K
Investment income$245
— government grantsLn 1e$743K
Total revenueLn 12$1.6M

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.87 Management & general $0.13
Program services87%$1.6M
Management & general13%$245K
Total functional expensesLn 25$1.9M

Balance Sheet

Part X · end of year
CashLn 1$676K
Total assetsLn 16$2.8M
Total liabilitiesLn 26$718K
Total net assetsLn 32$2.0M
Months of cash on handcomputed4.3

Financial Metrics

Form 990 · FY2022 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $676K · Operating expenses/yr $1.9M
4.3 months
Where the money goes
Program services
Program services $1.6M · Total expenses $1.9M
87%
Management & General
Management & general $245K · Total expenses $1.9M
13%
Fundraising
Fundraising $0 · Total expenses $1.9M
0%
Cost to raise $1
Fundraising expense (3-yr avg) $0 · Solicited contributions (3-yr avg) $112K
Solicited contributions below reporting floor
Where the money comes from
Contribution dependence
Contributions & grants $843K · Total revenue $1.6M
52%
Government reliance
Government grants $743K · Total revenue $1.6M
46%
Earned-income share
Program service revenue $770K · Total revenue $1.6M
48%
Investment reliance
Investment income $245 · Total revenue $1.6M
+0.02%
Program self-sufficiency
Program service revenue $770K · Total expenses $1.9M
41%
Growth & trend
Revenue growth (YoY)
This year $1.6M · Prior year $1.2M
+37%
Net-asset trend (YoY)
End of year $2.0M · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $1.6M · Expenses $1.9M
-17%
Liabilities-to-Assets
Total liabilities — · Total assets $2.8M
Net-asset ratio
Net assets $2.0M · Total assets $2.8M
74%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $2.8M
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Chad Vignola · Reported title PRESIDENT / EXECUTIVE DIRE · Highest reported compensation $263K · Total expenses $1.9M
14%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $965K · Total expenses $1.9M
51%
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 87%
Overhead ratio 13%
Fundraising cost ratio 0%
Revenue growth 37%
Accounting fee ratio 2%

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

Grants

Schedule I · funders on record
Grants received · FY2024
Moriah Fund INCFY2024$38K
Total grants receivedfrom 3 funders$150K
See all 3 funders →

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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2024 (Latest)$4.1M revenue · ⤓ 990 PDF
FY2023$2.4M revenue · ⤓ 990 PDF
FY2022$1.6M revenue · viewing · ⤓ 990 PDF
FY2021$1.2M revenue · ⤓ 990 PDF
FY2020$736K revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2022IRS
Classification, formation year, addressIRS Business Master File
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