Augustine Literacy Project - Triangle EIN 47-2832907

Augustine Literacy Project - Triangle FY2020 filing

EIN  47-2832907 Public charity (501(c)(3)) Durham, NC Founded 2015
Form 990 (PDF)
You’re viewing the FY2020 filing — not the latest on file. See the latest (FY2024) →
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Size
$100K–1M
What they do
Trains volunteers to tutor low-income children in reading, writing, and spelling.
Leadership
Lori Easterlin · Executive Director · $78K
Money in and out
$218K revenue, $246K expenses
Bottom line
62% program efficiency

Trains volunteers to tutor low-income children in reading, writing, and spelling. For fiscal year 2020 it reported $218K in revenue, $246K in expenses, and $282K in net assets.Pt I

Where the money goes · FY2020
Total revenue
$218K
Pt VIII · Ln 12
Total expenses
$246K
Pt IX · Ln 25
Net assets
$282K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): −$27K
Where spending went · Part IX cols B–D
Program services $0.62 Management & general $0.11 Fundraising $0.27
Program efficiency
62%
of spending reaches programs
Operating runway
16.9mo
months of highly liquid reserves at operating expense rate
Surplus margin
-12%
revenue over expenses, this year

Summary of the Filing

Part I · fiscal year 2020 · Form 990
Revenue
$218K
FY2020
Expenses
$246K
FY2020
Total assets
$325K
FY2020
Total liabilities
$43K
FY2020
Total revenue
$218K
Pt VIII · Ln 12
Total expenses
$246K
Pt IX · Ln 25
Net assets
$282K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19−$27K
Total assetsPt X · Ln 16$325K
Program-expense ratioPt IX · col B62%
Voting members of governing bodyPt I · Ln 38
Independent voting membersPt I · Ln 48
Mission & Programs · Part III

Where the work happens

3 program services account for $103K of program spending, described in the organization's own filed words · FY2020.
01

High-School Tutor Training Program

During the academic day and year, 16 seniors at Durham Academy, Durham, NC, were trained as Augustine tutors. The students served as tutors for struggling, elementary-school children for most of the academic year. The training for students contains the same instruction as the adult training.

$50Kprogram expense
02

Programs for Adults

In an effort to make the training more accessible to a wider variety of volunteers, the project continues to use a five-day training program requiring the tutors to complete pre-class and post-class work. This program relies more heavily on coaching during and after training.

$40Kprogram expense
03

Tutor Support

The Training Program Coordinator schedules several opportunities for tutors to gather and discuss tutoring. These meetings are usually focused on a particular area of tutor training. The Training Program Coordinator considers the needs and requests of the tutors as she schedules these meetings.

$13Kprogram expense

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Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CAugustine Literacy Project - Triangle
EINHdr · item D47-2832907
Principal addressHdr · item CDurham, NC
WebsiteHdr · item Jwww.alptriangle.org
Year of formationHdr · item L2015
State of legal domicileHdr · item MNC
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFEducation (B90)
Ruling yearIRS BMFMay 2015

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a8
Independent voting membersPt VI · Ln 1b8
Conflict-of-interest policyPt VI · Ln 12aYes
Whistleblower policyPt VI · Ln 13No
Document retention policyPt VI · Ln 14No
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
Executive Director
$77,717Pt VII · Sec A
Vice-Chair
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Founder, Board Member
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A

Jennifer Malins’s $44K as Executive Director is at the 35th percentile of top reported officer pay among 1616 $100K–1M 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 · 3 named individuals · Part VII

NameFY2024FY2024FY2022FY2021FY2020
Lori Easterlin$81,594$81,594
Lori Easterlin$65,717$77,717
Jennifer Malins$44,328

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$189K · 87%
Program service revenue$25K · 11%
Investment income$4K · 2%
Contributions & grants87%$189K
Program service revenue11%$25K
Investment income2%$4K
Total revenueLn 12$218K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.62 Management & general $0.11 Fundraising $0.27
Program services62%$153K
Management & general11%$27K
Fundraising27%$65K
Total functional expensesLn 25$246K

Balance Sheet

Part X · end of year
CashLn 1$325K
Total assetsLn 16$325K
Total liabilitiesLn 26$43K
Total net assetsLn 32$282K
Months of cash on handcomputed15.9

Financial Metrics

Form 990 · FY2020 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $325K · Operating expenses (Pt IX) $246K · Less non-cash grants $15K · Cash operating expenses/yr $231K
16.9 months
Where the money goes
Program services
Program services $153K · Total expenses $246K
62%
Management & General
Management & general $27K · Total expenses $246K
11%
Fundraising
Fundraising $65K · Total expenses $246K
27%
Cost to raise $1
Fundraising expense $65K · Solicited contributions $189K
$0.35 to raise $1
Where the money comes from
Contribution dependence
Contributions & grants $189K · Total revenue $218K
87%
Government reliance
Government grants $0 · Total revenue $218K
0%
Earned-income share
Program service revenue $25K · Total revenue $218K
11%
Investment reliance
Investment income $4K · Total revenue $218K
+2%
Program self-sufficiency
Program service revenue $25K · Total expenses $246K
10%
Growth & trend
Revenue growth (YoY)
This year $218K · Prior year —
No prior year on file
Net-asset trend (YoY)
End of year $282K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $218K · Expenses $246K
-12%
Liabilities-to-Assets
Total liabilities — · Total assets $325K
Net-asset ratio
Net assets $282K · Total assets $325K
87%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $325K
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Lori Easterlin · Reported title Executive Director · Highest reported compensation $78K · Total expenses $246K
32%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $189K · Total expenses $246K
77%
Peer comparison

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

MetricThis orgPeer medianPercentile
Program ratio 62%
Overhead ratio 11%
Fundraising cost ratio 35%
Accounting fee ratio 3%

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 · FY2025
Total grants receivedfrom 1 funder$15K

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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$46K revenue · ⤓ 990 PDF
FY2023not on file
FY2022$153K revenue · ⤓ 990 PDF
FY2021$241K revenue · ⤓ 990 PDF
FY2020$218K revenue · viewing · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2020IRS
Classification, formation year, addressIRS Business Master File
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