Champions for Literacy FY2024 filing

Tax-deductible

Memphis, TN501(c)(3)EducationEIN 46-3588150Revenue $3.9M in FY2024

On file with the IRScoachingforliteracy.org1350 Concourse Ave Ste 437, 38104-2025 · Memphis, TNTax-exempt since Aug 2014Publicly supported charity — 170(b)(1)(A)(vi)

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Coaching for Literacy ("cfl") is a not-for-profit organization whoses mission is to use the power of sports to raise awareness about the problem of illiteracy and funds for Literacy programs serving students in grades k-3. We work with athletic teams and players to donate 100% of public funds to local Literacy partners.

501(c)(3) charity; gifts are tax-deductible.
89¢ of each $1 spent went to programs.
$99K 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

FY2024 · 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
5 of 6
filings with a surplus
Average surplus $82K a year · 4% of revenue · last 6 filings
Fine: a surplus in 5 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
89%
of spending
Looks good: 89% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$99K
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
3 mo
of spending, in cash
Fine: 2.7 months of spending in cash; 1 to 3.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
11
named funders · $664K
Looks good: 11 funders name it on their filings; 3 or more.
Funders’ Sch. I, 990-PF
Liabilities
$397K
47% of total assets
Looks good: liabilities are 47% of assets; 50% or less.
Pt X · Ln 26
Independent board members
9
of 10 voting members
Looks good: 9 of 10 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$3.9M
+163% vs prior year
Spent
$3.6M
To programs
89%
Net assets
$446K
By yearFY2020–FY2025
Revenue
$3.9M
FY2024▲ +163%
Tap a bar for its year
Revenue by fiscal year
FY2020$766K
FY2021$818K
FY2022$881K
FY2023$1.5M
FY2024$3.9M
FY2025$4.2M
Expenses
$3.6M
FY2024▲ +163%
Tap a bar for its year
Expenses by fiscal year
FY2020$824K
FY2021$788K
FY2022$867K
FY2023$1.4M
FY2024$3.6M
FY2025$4.1M
Net assets
$446K
FY2024▲ +131%
Tap a bar for its year
Net assets by fiscal year
FY2020$56K
FY2021$87K
FY2022$101K
FY2023$193K
FY2024$446K
FY2025$608K

From the FY2024 Form 990 (year ending July 2024) · figures checked against the IRS filing · see the original

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You’re viewing the FY2024 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 Aug 2014.

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

Where the money goes

89 cents of each dollar spent went to programs.

Program services 89% · $3.2M Management & general 4% · $157K Fundraising 6% · $229K

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

11 people listed on the 990; $99K paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2023); the FY2024 filing did not itemize Part VII
Executive Director
$99,206Pt VII · Sec A
$0Pt VII · Sec A
Co-Founder
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A

Jason Baker’s $122K as Executive Director is at the 47th percentile of top reported officer pay among 3395 $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 · 4 named individuals · Part VII

NameFY2025FY2024FY2023FY2022FY2021FY2020
Carleen O'Reilly———$123,750$85,388—
Jason Baker$121,720$99,206$78,490$10,365——
Stanley Ryan Viner—————$96,875
Chandler Ferguson——$78,490$77,100——

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.

See Champions for Literacy executive salaries →

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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 2Yes
  • Top official's pay set by an independent reviewPt VI · Ln 15aYes

Programs and updates

Uses sports to raise awareness and funds for literacy programs for young students.

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Provided by the organization

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1 program · $3.2M · in their own filed words · FY2023
01

Fight for Literacy

The fight for literacy provides turn-key opportunities for athletes, sports teams, corporate partners, and fans to impact early childhood literacy in their local community. This initiative works to raise awareness about the cause of literacy, generate funds for local literacy programs, and create volunteer activations for athletes to…

$3.2Mprogram expense

Funders

Who pays for it.

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

Grants

Schedule I · received and paid
Grants received · FY2024
See all 11 funders →
Grants paid · 114 grants · $1.6M · 2019–2024
United Way of Pickens CountySC · FY2024$48,091
United Way of the Plains INCKS · FY2024$25,142
Knowledge Quest INCTN · FY2024$23,077
Readers 2 LeadersTX · FY2024$20,000
The 2nd and 7 FoundationOH · FY2024$20,000
Smart ReadingOR · FY2024$18,675
Literacy Mid South INCTN · FY2024$11,543
Believe Memphis AcademyFY2024$11,480
United Way of Pickens CountySC · FY2023$53,853
United Way of the Plains INCKS · FY2023$28,609
The 2nd and 7 FoundationOH · FY2023$20,000
See all 114 grants →

By the numbers

The FY2024 990, line by line.

1The main four
Money inPt VIII
$3.9M
Ln 12
Gifts and grantsLn 1h$3.9M
Money outPt IX
$3.6M
Ln 25
Programscol B$3.2M
Managementcol C$157K
Fundraisingcol D$229K
Owns and owesPt X
$446K
net assets · Ln 32
Cash and savingsLn 1–2$816K
Total assetsLn 16$843K
LiabilitiesLn 26$397K
PeoplePt VI, VII
11
listed · VII A
PaidVII A1
Voting boardVI 1a10
IndependentVI 1b9
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$3.9M
Total revenueLn 12$3.9M
Assets in detailPt X, end of year
CashLn 1$816K
Cash and savings togetherLn 1–2$816K
Other assetsLn 15$27K
Total assetsLn 16$843K
LiabilitiesLn 26$397K
Net assetsLn 32$446K
OperationsPt I, VI
EmployeesI 59
VolunteersI 612
Fiscal year endsHeaderJuly
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY24End FY24
Cash and savingsLn 1–2$270K$816K
Total assetsLn 16$273K$843K
LiabilitiesLn 26$80K$397K
Net assetsLn 32$193K$446K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$307K$307K
Pay of current officers, directors and key staffLn 5$99K$57K$14K$28K
Other salaries and wagesLn 7$259K$148K$38K$73K
Other employee benefitsLn 9$24K$9K$7K$8K
Payroll taxesLn 10$28K$17K$3K$7K
Accounting feesLn 11c$57K$57K
Other fees for servicesLn 11g$41K$13K$28K
Advertising and promotionLn 12$32K$21K$2K$9K
Office expensesLn 13$3K$161$3K$165
Information technologyLn 14$13K$9K$4K
OccupancyLn 16$9K$4K$3K$2K
TravelLn 17$14K$4K$2K$8K
Depreciation, depletion and amortizationLn 22$8K$7K$335$489
Other expenses (24a–d)Ln 24$2.7M$2.7M$18K$41K
All other expensesLn 24e$23K$3K$597$20K
Total functional expensesLn 25$3.6M$3.2M$157K$229K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $4.2M$4.1M$162K$608K 990 PDF
FY2024 Viewing $3.9M$3.6M$253K$446K 990 PDF
FY2023 $1.5M$1.4M$92K$193K 990 PDF
FY2022 $881K$867K$14K$101K 990 PDF
FY2021 $818K$788K$31K$87K 990 PDF
FY2020 $766K$824K−$58K$56K 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2024 990 (6 parts)
Part I · Summary $3,889,040 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $1,476,520$3,889,040
I-9 Program service revenuePrior year $0$0
I-10 Investment incomePrior year $0$0
I-11 Other revenuePrior year $0$0
I-12 Total revenuePrior year $1,476,520$3,889,040
I-13 Grants and similar amounts paidPrior year $404,345$307,230
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $300,663$410,244
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $679,509$2,918,380
I-18 Total expensesPrior year $1,384,517$3,635,854
I-19 Revenue less expensesPrior year $92,003$253,186
Part VI · Governance 9 of 10 board members independent, 2 to look at
VI-1a Voting members of the governing body10
VI-1b Independent voting members9
VI-2 Family or business relationship among officers or directorsYes
VI-14 Document retention and destruction policyNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $3,889,040 across 3 lines filed
VIII-1f All other contributions, gifts and grants$3,889,040
VIII-1h Total contributions, gifts and grants$3,889,040
VIII-12 Total revenueRelated to mission $0 · Unrelated business $0 · Excluded from tax $0$3,889,040
Part IX · Statement of functional expenses $3,635,854 across 15 lines filed
IX-1 Grants to domestic organizationsPrograms $307,230$307,230
IX-5 Pay of current officers, directors and key staffPrograms $57,194 · Management $14,481 · Fundraising $27,531$99,206
IX-7 Other salaries and wagesPrograms $147,544 · Management $38,430 · Fundraising $73,064$259,038
IX-9 Other employee benefitsPrograms $9,101 · Management $6,674 · Fundraising $8,495$24,270
IX-10 Payroll taxesPrograms $16,915 · Management $3,328 · Fundraising $7,487$27,730
IX-11c Accounting feesManagement $56,709$56,709
IX-11g Other fees for servicesPrograms $13,131 · Fundraising $27,525$40,656
IX-12 Advertising and promotionPrograms $21,279 · Management $1,734 · Fundraising $9,299$32,312
IX-13 Office expensesPrograms $161 · Management $2,700 · Fundraising $165$3,026
IX-14 Information technologyManagement $8,951 · Fundraising $4,070$13,021
IX-16 OccupancyPrograms $4,195 · Management $3,070 · Fundraising $2,081$9,346
IX-17 TravelPrograms $4,460 · Management $2,104 · Fundraising $7,735$14,299
IX-22 Depreciation, depletion and amortizationPrograms $6,926 · Management $335 · Fundraising $489$7,750
IX-24 Other expenses (24a–d)Programs $2,658,787 · Management $18,288 · Fundraising $41,183$2,718,258
IX-24e All other expensesPrograms $2,561 · Management $597 · Fundraising $19,845$23,003
IX-25 Total functional expensesPrograms $3,249,484 · Management $157,401 · Fundraising $228,969$3,635,854
Part X · Balance sheet $843,341 assets, 9 lines filed
X-1 Cash, non-interest-bearingStart of year $269,547$815,868
X-15 Other assetsStart of year $0$27,473
X-16 Total assetsStart of year $273,069$843,341
X-17 Accounts payable and accrued expensesStart of year $80,243$397,329
X-26 Total liabilitiesStart of year $80,243$397,329
X-27 Net assets without donor restrictionsStart of year $110,459$102,434
X-28 Net assets with donor restrictionsStart of year $82,367$343,578
X-32 Total net assets or fund balancesStart of year $192,826$446,012
X-33 Total liabilities and net assetsStart of year $273,069$843,341
Part XI · Reconciliation of net assets $446,012 net assets at year end
XI-1 Total revenue$3,889,040
XI-2 Total expenses$3,635,854
XI-3 Revenue less expenses$253,186
XI-4 Net assets at start of year$192,826
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$446,012

Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File

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