The Triangle Literacy Council improves the lives of adults, youth, and families through Literacy.

501(c)(3) charity; gifts are tax-deductible.
85¢ of each $1 spent went to programs.
Run by 13 volunteers and 11 employees.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · People: Part I, lines 5–6

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
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
1 of 5
filings with a surplus
Average deficit $229K a year · 45% of revenue · last 5 filings
Concern: a surplus in 1 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
85%
of spending
Looks good: 85% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$62K
to officers and key staff · 9% of spending
Looks good: pay to officers and key staff is 9% of spending; 15% or less.
Pt VII · Sec A
<1 mo
of spending, in cash
Concern: 0.0 months of spending in cash; under 2 weeks.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
5
named funders · $47K
Looks good: 5 funders name it on their filings; 3 or more.
Funders’ Sch. I, 990-PF
Liabilities
$164K
100% of total assets
Concern: liabilities are 100% of assets; over 80%.
Pt X · Ln 26
Independent board members
13
of 13 voting members
Looks good: 13 of 13 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$472K
-30% vs prior year
Spent
$720K
To programs
85%
Net assets
−$403
By yearFY2020–FY2024
Revenue
$472K
FY2024▼ -30%
Tap a bar for its year
Revenue by fiscal year
FY2020$355K
FY2021$672K
FY2022$376K
FY2023$672K
FY2024$472K
Expenses
$720K
FY2024▲ +7%
Tap a bar for its year
Expenses by fiscal year
FY2020$772K
FY2021$757K
FY2022$770K
FY2023$672K
FY2024$720K
Net assets
−$403
FY2024▼ -100%
Tap a bar for its year
Net assets by fiscal year
FY2020$726K
FY2021$642K
FY2022$247K
FY2023$248K
FY2024−$403

From the FY2024 Form 990 (year ending June 2024) · see the original

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Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Apr 1971.

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

Where the money goes

85 cents of each dollar spent went to programs.

Program services 85% · $608K Management & general 10% · $75K Fundraising 5% · $36K

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

16 people listed on the 990; $62K 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
President/CEO
$61,572Pt VII · Sec A
Director
$0Pt VII · Sec A
Director Thru 2/8/2024
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Secretary Thru 6/30/2024
$0Pt VII · Sec A
Vice Chair
$0Pt VII · Sec A

Compensation history total reportable pay by year · 2 named individuals · Part VII

NameFY2024FY2023FY2022FY2021FY2020
Laura Walters—$128,100$124,033$122,000$122,000
Lisa Rowe$61,572————

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

Improves lives through literacy for adults, youth, and families.

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Provided by the organization

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1 program · $608K · in their own filed words · FY2023
01

1. For the 2023-2024 year, triangle literacy council's (TLC) adult programs worked with approximately 130 students. Participants were either in our english as a second language (esl), adult basic education (abe), AND/OR integrated english literacy and civics education (ielce) classes.

$608Kprogram 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 · FY2024
Total grants receivedfrom 5 funders$47K
See all 5 funders →

By the numbers

The FY2024 990, line by line.

1The main four
Money inPt VIII
$472K
Ln 12
Gifts and grantsLn 1h$464K
Investment incomeLn 3$8K
Money outPt IX
$720K
Ln 25
Programscol B$608K
Managementcol C$75K
Fundraisingcol D$36K
Owns and owesPt X
−$403
net assets · Ln 32
Cash and savingsLn 1–2$43
Total assetsLn 16$164K
LiabilitiesLn 26$164K
PeoplePt VI, VII
16
listed · VII A
PaidVII A1
Voting boardVI 1a13
IndependentVI 1b13
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$464K
Government grantsLn 1e$436K
Investment incomeLn 3$8K
Total revenueLn 12$472K
Assets in detailPt X, end of year
CashLn 1$43
Cash and savings togetherLn 1–2$43
Land, buildings, equipmentLn 10c$0
Other assetsLn 15$117K
Total assetsLn 16$164K
LiabilitiesLn 26$164K
Net assetsLn 32−$403
OperationsPt I, VI
EmployeesI 511
VolunteersI 613
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 FY24End FY24
Cash and savingsLn 1–2$30K$43
Land, buildings, equipmentLn 10c$6K$0
Total assetsLn 16$396K$164K
LiabilitiesLn 26$148K$164K
Net assetsLn 32$248K−$403
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$105K$90K$10K$5K
Other salaries and wagesLn 7$408K$357K$36K$15K
Other employee benefitsLn 9$18K$16K$2K$731
Payroll taxesLn 10$27K$24K$2K$1K
Other fees for servicesLn 11g$32K$21K$7K$3K
Office expensesLn 13$24K$16K$7K$1K
OccupancyLn 16$49K$40K$7K$2K
Depreciation, depletion and amortizationLn 22$6K$5K$529$176
InsuranceLn 23$76$76
Other expenses (24a–d)Ln 24$51K$40K$3K$8K
Total functional expensesLn 25$720K$608K$75K$36K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest Viewing $472K$720K−$248K−$403 990 PDF
FY2023 $672K$672K$292$248K 990 PDF
FY2022 $376K$770K−$394K$247K 990 PDF
FY2021 $672K$757K−$84K$642K 990 PDF
FY2020 $355K$772K−$417K$726K 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 O · Explanations
See the full FY2024 990 (6 parts)
Part I · Summary $471,686 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $649,581$464,158
I-9 Program service revenuePrior year $1,166$0
I-10 Investment incomePrior year $21,489$7,528
I-11 Other revenuePrior year $0$0
I-12 Total revenuePrior year $672,236$471,686
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 $438,456$558,773
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $233,488$161,095
I-18 Total expensesPrior year $671,944$719,868
I-19 Revenue less expensesPrior year $292−$248,182
Part VI · Governance 13 of 13 board members independent, no flags
VI-1a Voting members of the governing body13
VI-1b Independent voting members13
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 $471,686 across 5 lines filed
VIII-1e Government grants$436,366
VIII-1f All other contributions, gifts and grants$27,792
VIII-1h Total contributions, gifts and grants$464,158
VIII-3 Investment incomeExcluded from tax $7,528$7,528
VIII-12 Total revenueRelated to mission $0 · Unrelated business $0 · Excluded from tax $7,528$471,686
Part IX · Statement of functional expenses $719,868 across 10 lines filed
IX-5 Pay of current officers, directors and key staffPrograms $89,683 · Management $10,367 · Fundraising $5,110$105,160
IX-7 Other salaries and wagesPrograms $356,747 · Management $35,815 · Fundraising $15,417$407,979
IX-9 Other employee benefitsPrograms $15,926 · Management $1,648 · Fundraising $731$18,305
IX-10 Payroll taxesPrograms $23,776 · Management $2,459 · Fundraising $1,094$27,329
IX-11g Other fees for servicesPrograms $21,468 · Management $7,182 · Fundraising $2,863$31,513
IX-13 Office expensesPrograms $15,648 · Management $6,900 · Fundraising $1,287$23,835
IX-16 OccupancyPrograms $39,777 · Management $6,791 · Fundraising $1,940$48,508
IX-22 Depreciation, depletion and amortizationPrograms $5,177 · Management $529 · Fundraising $176$5,882
IX-23 InsuranceManagement $76$76
IX-24 Other expenses (24a–d)Programs $40,102 · Management $3,453 · Fundraising $7,726$51,281
IX-25 Total functional expensesPrograms $608,304 · Management $75,220 · Fundraising $36,344$719,868
Part X · Balance sheet $164,083 assets, 14 lines filed
X-1 Cash, non-interest-bearingStart of year $30,449$43
X-3 Pledges and grants receivableStart of year $33,509$45,695
X-4 Accounts receivableStart of year $2,177$1,195
X-9 Prepaid expenses and deferred chargesStart of year $4,236$357
X-10c Land, buildings and equipment, netStart of year $5,883$0
X-15 Other assetsStart of year $133,421$116,793
X-16 Total assetsStart of year $395,805$164,083
X-17 Accounts payable and accrued expensesStart of year $18,125$16,252
X-25 Other liabilitiesStart of year $129,901$148,234
X-26 Total liabilitiesStart of year $148,026$164,486
X-27 Net assets without donor restrictionsStart of year $214,270−$46,098
X-28 Net assets with donor restrictionsStart of year $33,509$45,695
X-32 Total net assets or fund balancesStart of year $247,779−$403
X-33 Total liabilities and net assetsStart of year $395,805$164,083
Part XI · Reconciliation of net assets −$403 net assets at year end
XI-1 Total revenue$471,686
XI-2 Total expenses$719,868
XI-3 Revenue less expenses−$248,182
XI-4 Net assets at start of year$247,779
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year−$403

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

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