Dollar General Literacy Foundation EIN 62-1546736 Form 990 (PDF) Claim this org

Dollar General Literacy Foundation

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Provides education grants to help people achieve excellence. For fiscal year 2025 it reported $31.6M in revenue, $19.1M in expenses, and $84.1M in net assets.Pt I

Founded
1993
Type
Public charity (501(c)(3)) · Education
Location
Goodlettsville, TN
Website
www.dgliteracy.org
Filings
5 on file (2021–2025)
Revenue
$31.6MFY2025
Expenses
$19.1M
Net assets
$84.1M
People
9
Filings
5
Updates
0
More identity details & actions ⌄
EIN  62-1546736 Public charity (501(c)(3)) Goodlettsville, TN Founded 1993
Form 990 (PDF)
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Figures match the IRS filing checked 8/8/26 · see original: IRS
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Size
$10–100M
What they do
Provides education grants to help people achieve excellence.
Leadership
Todd Vasos · Chairman
Money in and out
$31.6M revenue, $19.1M expenses
Bottom line
97% program efficiency
Where the money goes · FY2025
Total revenue
$31.6M
Pt VIII · Ln 12
Total expenses
$19.1M
Pt IX · Ln 25
Net assets
$84.1M
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $12.4M
Where spending went · Part IX cols B–D
Program services $0.97 Management & general $0.03 Fundraising $0.00
Program efficiency
97%
of spending reaches programs▲ +0.9% vs prior filing year
Operating runway
47.1mo
months of highly liquid reserves at operating expense rate▲ +20% vs prior filing year
Surplus margin
+39%
revenue over expenses, this year▲ +24% vs prior filing year

Summary of the Filing

Part I · fiscal year 2025 · Form 990
Revenue
$31.6M
FY2025▲ +15%
Expenses
$19.1M
FY2025▲ +2%
Total assets
$84.6M
FY2025▲ +21%
Total liabilities
$429K
FY2025▼ -38%
Total revenue
$31.6M
Pt VIII · Ln 12
Total expenses
$19.1M
Pt IX · Ln 25
Net assets
$84.1M
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$12.4M
Total assetsPt X · Ln 16$84.6M
Program-expense ratioPt IX · col B97%
Voting members of governing bodyPt I · Ln 39
Independent voting membersPt I · Ln 42

Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CDollar General Literacy Foundation
EINHdr · item D62-1546736
Principal addressHdr · item CGoodlettsville, TN
WebsiteHdr · item Jwww.dgliteracy.org
Year of formationHdr · item L1993
State of legal domicileHdr · item MTN
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFEducation (B92Z)
Ruling yearIRS BMFJun 1994

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a9
Independent voting membersPt VI · Ln 1b2
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 15aNo
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
Chairman
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Vice Preside
$0Pt VII · Sec A

Rhonda Taylor’s $713K as Secretary is at the 96th percentile of top reported officer pay among 3683 $10–100M 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

NameFY2024FY2023FY2022
Todd Vasos$652,461$1,391,720$1,350,052
Rhonda Taylor$712,704$647,514$626,130
Kathy Reardon$595,856$565,137$504,762
Anita Elliott$490,082$438,674$428,328
Rod West$478,138$392,515$350,128
Barbara Springer$320,429$298,346$288,612
Steve Brophy$271,268$251,332$243,819

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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Mission & Programs · Part III

Where the work happens

1 program service account for $18.7M of program spending, described in the organization's own filed words · FY2025.
01

Basic education grants to other charitable organizations that are engaged in literacy programs throughout the united states.

$18.7Mprogram expense

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Statement of Revenue

Part VIII
Contributions & grants$27.6M · 88%
Investment income$3.9M · 12%
Contributions & grants88%$27.6M
Investment income12%$3.9M
Total revenueLn 12$31.6M

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.97 Management & general $0.03 Fundraising $0.00
Program services97%$18.7M
Management & general3%$484K
Fundraising$6K
Total functional expensesLn 25$19.1M

Balance Sheet

Part X · end of year
CashLn 1$21.5M
Total assetsLn 16$84.6M
Total liabilitiesLn 26$429K
Total net assetsLn 32$84.1M
Months of cash on handcomputed13.5

Financial Metrics

Form 990 · FY2025 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $75.2M · Operating expenses/yr $19.1M
47.1 months
Where the money goes
Program services
Program services $18.7M · Total expenses $19.1M
97%
Management & General
Management & general $484K · Total expenses $19.1M
3%
Fundraising
Fundraising $6K · Total expenses $19.1M
0.03%
Cost to raise $1
Fundraising expense (3-yr avg) $2K · Solicited contributions (3-yr avg) $23.9M
$0.00 to raise $1 (3-yr avg)
Where the money comes from
Contribution dependence
Contributions & grants $27.6M · Total revenue $31.6M
88%
Government reliance
Government grants — · Total revenue $31.6M
Earned-income share
Program service revenue $0 · Total revenue $31.6M
0%
Investment reliance
Investment income $3.9M · Total revenue $31.6M
+12%
Program self-sufficiency
Program service revenue $0 · Total expenses $19.1M
0%
Growth & trend
Revenue growth (YoY)
This year $31.6M · Prior year $27.4M
+15%
Revenue CAGR
FY2020 $18.7M · FY2025 $31.6M
+11%
Net-asset trend (YoY)
End of year $84.1M · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $31.6M · Expenses $19.1M
+39%
Liabilities-to-Assets
Total liabilities — · Total assets $84.6M
Net-asset ratio
Net assets $84.1M · Total assets $84.6M
99%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) $53.7M · Total assets (Pt X, ln 16) $84.6M
63%
People & payroll
Highest Reported Total Compensation
Individual Todd Vasos · Reported title CHAIRMAN · Highest reported compensation $0 · Total expenses $19.1M
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) — · Total expenses $19.1M
Peer comparison

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

MetricThis orgPeer medianPercentile
Program ratio 97%
Overhead ratio 3%
Fundraising cost ratio 0.02%
Revenue growth 15%

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 · received and paid
Grants received · FY2024
See all 4 funders →
Grants paid · 4,367 grants · $87.0M · 2020–2025
Save the Children FederationFY2025$1,345,500
Proliteracy WorldwideFY2025$1,301,428
The Ad CouncilFY2025$942,996
Reading Is Fundamental INCFY2025$870,000
National Center for Families LearniFY2025$580,000
Nashville Public Library FoundationFY2025$500,000
American Indian College FundFY2025$434,000
ProliteracyFY2025$400,000
United Through ReadingFY2025$350,000
YWCA Nashville & Middle TennesseeFY2025$230,000
Pencil FoundationFY2025$200,000
National Afterschool AssiociationFY2025$200,000
Kids in Need FoundationFY2025$200,000
Coalition on Adult Basic EducationFY2025$200,000
Nashville Adult Literacy Council IFY2025$185,000
YMCA of Middle TennesseeFY2025$175,000
The Oasis InstituteFY2025$100,000
The Barbara Bush Foundation for FamFY2025$100,000
See all 4,367 grants →

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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
FY2025$27.4M revenue · ⤓ 990 PDF
FY2024$23.1M revenue · ⤓ 990 PDF
FY2023$17.7M revenue · ⤓ 990 PDF
FY2022$19.7M revenue · ⤓ 990 PDF
FY2021$18.7M revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2025IRS
Classification, formation year, addressIRS Business Master File
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