Literacy Partners INC

Tax-deductible

New York, NY501(c)(3)Since 1973EducationEIN 51-0180665Revenue $6.0M in FY2025

On file with the IRSliteracypartners.org75 Maiden Ln FL 1102, 10038-4606 · New York, NYTax-exempt since Nov 1973Publicly supported charity — 170(b)(1)(A)(vi)

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Literacy Partners advances literacy two generations at a time, by supporting adults, parents, and caregivers in nurturing the literacy skills they and the children in their lives need to thrive.

501(c)(3) charity; gifts are tax-deductible.
70¢ of each $1 spent went to programs.
Run by 100 volunteers and 37 employees.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · People: Part I, lines 5–6

Before you give

FY2025 · 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 $300K a year · 7% of revenue · last 6 filings
Fine: a surplus in 4 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
70%
of spending
Fine: 70% of spending went to programs; 65% to 75%.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$703K
to officers and key staff · 12% of spending
Top officer’s pay higher than 96% of similar orgs
Looks good: pay to officers and key staff is 12% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
3 mo
of spending, in cash
Fine: 2.8 months of spending in cash; 1 to 3.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
3
named funders · $12K
Looks good: 3 funders name it on their filings; 3 or more.
Funders’ Sch. I, 990-PF
Liabilities
$928K
10% of total assets
Looks good: liabilities are 10% of assets; 50% or less.
Pt X · Ln 26
Independent board members
15
of 15 voting members
Looks good: 15 of 15 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$6.0M
+41% vs prior year
Spent
$5.8M
To programs
70%
Net assets
$8.1M
By yearFY2020–FY2025
Revenue
$6.0M
FY2025▲ +41%
Tap a bar for its year
Revenue by fiscal year
FY2020$5.5M
FY2021$2.7M
FY2022$4.1M
FY2023$3.0M
FY2024$4.3M
FY2025$6.0M
Expenses
$5.8M
FY2025▲ +14%
Tap a bar for its year
Expenses by fiscal year
FY2020$2.4M
FY2021$2.5M
FY2022$3.5M
FY2023$4.5M
FY2024$5.1M
FY2025$5.8M
Net assets
$8.1M
FY2025▲ +4%
Tap a bar for its year
Net assets by fiscal year
FY2020$8.8M
FY2021$9.8M
FY2022$9.2M
FY2023$8.2M
FY2024$7.8M
FY2025$8.1M

From the FY2025 Form 990 (year ending June 2025) · figures checked against the IRS filing · see the original

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Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Nov 1973.

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

Where the money goes

70 cents of each dollar spent went to programs.

Program services 70% · $4.1M Management & general 10% · $564K Fundraising 20% · $1.2M

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

18 people listed on the 990; $703K paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2024); the FY2025 filing did not itemize Part VII
Former Chief Executive Officer
$318,750Pt VII · Sec A
Chief External Affairs Officer
$159,707Pt VII · Sec A
Chief Program Officer
$132,537Pt VII · Sec A
Chief Executive Officer - July 2024
$92,478Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A

Anthony Tassi’s $319K as Former Chief Executive Officer is at the 96th 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 · 7 named individuals · Part VII

NameFY2025FY2024FY2023FY2022FY2021FY2020
Anthony Tassi$318,750$185,000$179,348$153,150$161,719$161,719
Jane Sung E Bai—$179,036$172,361$129,802$124,148$124,148
Kristine Cooper$159,707$178,796$136,882———
Michelle Lopez$132,537—————
Lynn Clark———$130,030——
Sally Printz————$97,727$97,727
Asaf Bar-Tura$92,478—————

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

Supports adults and parents to improve their literacy and that of the children they care for.

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Provided by the organization

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3 programs · $4.1M · in their own filed words · FY2024
01

Community Workshops

This program includes community workshops for English and Spanish speaking parents and caregivers on topics such as early literacy, informal STEM, and the Science of Reading. These workshops build the capacity of parents and caregivers to promote their childrens early learning, social-emotional growth, and school readiness.

$2.3Mprogram expense
02

Intensive Classes

This program focuses on adult literacy, with three main concentration areas: First, English language classes for parents of young children, focusing on literacy skills for speakers of other languages. Second, adult literacy classes that focus on entry-level adult readers with intensive classes and individualized tutoring.

$1.7Mprogram expense
03

Educational Media

This program creates award-winning media content that advances literacy through powerful narratives, engaging content, and accessible information that reaches millions of people. As part of creating literacy-rich home environments, this program also provides participants with a home library of age- and language-appropriate books for…

$135Kprogram 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
See all 3 funders →

By the numbers

The FY2025 990, line by line.

1The main four
Money inPt VIII
$6.0M
Ln 12
Gifts and grantsLn 1h$5.6M
Investment incomeLn 3$668K
Money outPt IX
$5.8M
Ln 25
Programscol B$4.1M
Managementcol C$564K
Fundraisingcol D$1.2M
Owns and owesPt X
$8.1M
net assets · Ln 32
Cash and savingsLn 1–2$1.4M
Total assetsLn 16$9.1M
LiabilitiesLn 26$928K
PeoplePt VI, VII
18
listed · VII A
PaidVII A4
Voting boardVI 1a15
IndependentVI 1b15
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$5.6M
Government grantsLn 1e$3.2M
Noncash giftsLn 1g$222K
Fundraising eventsLn 1c$1.2M
Investment incomeLn 3$668K
Gains on assetsLn 7$530K
Total revenueLn 12$6.0M
Assets in detailPt X, end of year
CashLn 1$1.3M
SavingsLn 2$5K
Cash and savings togetherLn 1–2$1.4M
InvestmentsLn 11–13$5.7M
Land, buildings, equipmentLn 10c$20K
Other assetsLn 15$321K
Total assetsLn 16$9.1M
LiabilitiesLn 26$928K
Net assetsLn 32$8.1M
OperationsPt I, VI
EmployeesI 537
VolunteersI 6100
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 FY25End FY25
Cash and savingsLn 1–2$504K$1.4M
InvestmentsLn 11–13$6.9M$5.7M
Land, buildings, equipmentLn 10c$24K$20K
Total assetsLn 16$8.8M$9.1M
LiabilitiesLn 26$1.0M$928K
Net assetsLn 32$7.8M$8.1M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Other salaries and wagesLn 7$2.9M$1.8M$342K$664K
Other employee benefitsLn 9$673K$450K$87K$136K
Professional fundraising feesLn 11e$95K$95K
Other fees for servicesLn 11g$915K$802K$39K$74K
Advertising and promotionLn 12$18K$18K
Office expensesLn 13$91K$79K$5K$7K
Information technologyLn 14$163K$111K$17K$35K
OccupancyLn 16$320K$221K$33K$67K
TravelLn 17$53K$51K$763$764
Depreciation, depletion and amortizationLn 22$11K$8K$719$3K
InsuranceLn 23$28K$19K$3K$6K
Other expenses (24a–d)Ln 24$443K$400K$17K$26K
All other expensesLn 24e$148K$90K$19K$39K
Total functional expensesLn 25$5.8M$4.1M$564K$1.2M

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest Viewing $6.0M$5.8M$227K$8.1M 990 PDF
FY2024 $4.3M$5.1M−$802K$7.8M 990 PDF
FY2023 $3.0M$4.5M−$1.5M$8.2M 990 PDF
FY2022 $4.1M$3.5M$645K$9.2M 990 PDF
FY2021 $2.7M$2.5M$164K$9.8M 990 PDF
FY2020 $5.5M$2.4M$3.1M$8.8M 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 FY2025 990 (6 parts)
Part I · Summary $6,035,091 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $4,003,491$5,626,556
I-9 Program service revenue$0
I-10 Investment incomePrior year $536,688$668,137
I-11 Other revenuePrior year −$264,347−$259,602
I-12 Total revenuePrior year $4,275,832$6,035,091
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $2,844,213$3,523,447
I-16a Professional fundraising fees$95,000
I-17 Other expensesPrior year $2,234,012$2,189,281
I-18 Total expensesPrior year $5,078,225$5,807,728
I-19 Revenue less expensesPrior year −$802,393$227,363
Part VI · Governance 15 of 15 board members independent, no flags
VI-1a Voting members of the governing body15
VI-1b Independent voting members15
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 $6,035,091 across 10 lines filed
VIII-1c Fundraising events$1,174,321
VIII-1e Government grants$3,173,269
VIII-1f All other contributions, gifts and grants$1,278,966
VIII-1g Noncash contributions (included above)$222,205
VIII-1h Total contributions, gifts and grants$5,626,556
VIII-3 Investment incomeExcluded from tax $138,433$138,433
VIII-7 Net gain or loss on sales of assetsRelated to mission $529,704$529,704
VIII-8 Net income from fundraising eventsExcluded from tax −$269,164−$269,164
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $9,562$9,562
VIII-12 Total revenueRelated to mission $539,266 · Unrelated business $0 · Excluded from tax −$130,731$6,035,091
Part IX · Statement of functional expenses $5,807,728 across 13 lines filed
IX-7 Other salaries and wagesPrograms $1,844,424 · Management $342,490 · Fundraising $663,785$2,850,699
IX-9 Other employee benefitsPrograms $449,984 · Management $86,978 · Fundraising $135,786$672,748
IX-11e Professional fundraising feesFundraising $95,000$95,000
IX-11g Other fees for servicesPrograms $802,018 · Management $39,438 · Fundraising $73,911$915,367
IX-12 Advertising and promotionPrograms $17,828$17,828
IX-13 Office expensesPrograms $78,875 · Management $4,693 · Fundraising $7,306$90,874
IX-14 Information technologyPrograms $110,629 · Management $17,216 · Fundraising $35,108$162,953
IX-16 OccupancyPrograms $220,687 · Management $32,697 · Fundraising $66,720$320,104
IX-17 TravelPrograms $51,232 · Management $763 · Fundraising $764$52,759
IX-22 Depreciation, depletion and amortizationPrograms $7,745 · Management $719 · Fundraising $2,624$11,088
IX-23 InsurancePrograms $19,343 · Management $2,716 · Fundraising $5,574$27,633
IX-24 Other expenses (24a–d)Programs $400,250 · Management $16,860 · Fundraising $26,032$443,142
IX-24e All other expensesPrograms $89,609 · Management $19,155 · Fundraising $38,769$147,533
IX-25 Total functional expensesPrograms $4,092,624 · Management $563,725 · Fundraising $1,151,379$5,807,728
Part X · Balance sheet $9,053,364 assets, 17 lines filed
X-1 Cash, non-interest-bearingStart of year $503,810$1,345,834
X-2 Savings and temporary cash investmentsStart of year $9$4,802
X-3 Pledges and grants receivableStart of year $678,246$1,573,378
X-8 Inventories for sale or useStart of year $126,400$57,520
X-9 Prepaid expenses and deferred chargesStart of year $27,982$29,890
X-10c Land, buildings and equipment, netStart of year $24,138$19,500
X-12 Other securitiesStart of year $6,860,486$5,701,618
X-15 Other assetsStart of year $586,296$320,822
X-16 Total assetsStart of year $8,807,367$9,053,364
X-17 Accounts payable and accrued expensesStart of year $426,533$255,688
X-19 Deferred revenue$379,850
X-25 Other liabilitiesStart of year $590,581$292,246
X-26 Total liabilitiesStart of year $1,017,114$927,784
X-27 Net assets without donor restrictionsStart of year $2,766,798$2,906,604
X-28 Net assets with donor restrictionsStart of year $5,023,455$5,218,976
X-32 Total net assets or fund balancesStart of year $7,790,253$8,125,580
X-33 Total liabilities and net assetsStart of year $8,807,367$9,053,364
Part XI · Reconciliation of net assets $8,125,580 net assets at year end
XI-1 Total revenue$6,035,091
XI-2 Total expenses$5,807,728
XI-3 Revenue less expenses$227,363
XI-4 Net assets at start of year$7,790,253
XI-5 Net unrealized gains (losses) on investments$107,964
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$8,125,580

Form 990 e-file (XML) FY2025 from the IRS · Classification, formation year and address from the IRS Business Master File

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