Literacy Matters Foundation

Minneapolis, MNUnknown exempt organizationEIN 81-2943386

This page gets seen. Tell your story. Claim this org.

Our mission is to leverage the best technology and proven curriculum to empoweryour learners (k-3) with the basic reading skills needed to close the Literacy gap.

53¢ of each $1 spent went to programs.
Run by 20 volunteers and 11 employees.
Mission: Form 990 Part I, line 1 · Programs: Part IX · People: Part I, lines 5–6

Before you give

FY2021 · Form 990Independent: from IRS data, not the org
Download 990
Latest return
FY2021
latest Form 990
Concern: the latest return is for FY2021, 5 tax years back; more than 4 tax years.
IRS e-file · Filing history
Spent on programs
53%
of spending
Worth a look: 53% of spending went to programs; under 65%.
Pt IX · Ln 25 · col B
Named funders
5
named funders · $128K
Looks good: 5 funders name it on their filings; 3 or more.
Funders’ Sch. I, 990-PF
Liabilities
$0
total owed
No data yet: the filing does not give total assets.
Pt X · Ln 26
Independent board members
6
of 6 voting members
Looks good: 6 of 6 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$815K
Spent
$1.2M
To programs
53%
Net assets
$0

From the FY2021 Form 990 (year ending June 2021) · see the original

Give Claim

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2021.

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

Where the money goes

53 cents of each dollar spent went to programs.

Program services 53% · $636K Management & general 15% · $175K Fundraising 33% · $390K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

Something off? The org can add a note here. Request edit privileges.

Who runs it and what they're paid

6 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2020); the FY2021 filing did not itemize Part VII
Founder, Co-Chair and CEO
$0Pt VII · Sec A
Board Treasurer
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
See Literacy Matters Foundation executive salaries →

Are you one of these people? Claim this org to confirm your role

Something off? The org can add a note here. Request edit privileges.

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 15aNo

Programs and updates

Empowers young learners with essential reading skills using technology and proven curriculum.

Provided by the organization

This section is blank until Literacy Matters Foundation claims this page.

Know this organization? Claim it to add your story

1 program service account for $636K of program spending, described in the organization's own filed words · FY2020.
01

Mighty Doodle

Literacy matters has a non-exclusive licensed & co-developed learning software (mighty doodle) that brings together artificial intelligence and research-based curriculum. Following the orton-gillingham instructional approach.

$636Kprogram expense

Run this program? Claim this org to tell your story

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 · FY2021
Total grants receivedfrom 5 funders$128K
See all 5 funders →

By the numbers

The FY2021 990, line by line.

1The main four
Money inPt VIII
$815K
Ln 12
Gifts and grantsLn 1h$767K
Investment incomeLn 3$25K
Fees for servicesLn 2g$23K
Money outPt IX
$1.2M
Ln 25
Programscol B$636K
Managementcol C$175K
Fundraisingcol D$390K
Owns and owesPt X
$0
net assets · Ln 32
Total assetsLn 16$0
LiabilitiesLn 26$0
PeoplePt VI, VII
6
listed · VII A
PaidVII A0
Voting boardVI 1a6
IndependentVI 1b6
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$767K
Government grantsLn 1e$147K
Noncash giftsLn 1g$23K
Fees for servicesLn 2g$23K
Investment incomeLn 3$25K
Gains on assetsLn 7$22K
Total revenueLn 12$815K
Assets in detailPt X, end of year
CashLn 1$0
SavingsLn 2$0
InvestmentsLn 11–13$0
Land, buildings, equipmentLn 10c$0
Other assetsLn 15$0
Total assetsLn 16$0
LiabilitiesLn 26$0
Net assetsLn 32$0
OperationsPt I, VI
EmployeesI 511
VolunteersI 620
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 FY21End FY21
Cash and savingsLn 1–2$640K$0
InvestmentsLn 11–13$0
Land, buildings, equipmentLn 10c$13K$0
Total assetsLn 16$659K$0
LiabilitiesLn 26$274K$0
Net assetsLn 32$386K$0
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Other salaries and wagesLn 7$491K$235K$48K$207K
Other employee benefitsLn 9$20K$10K−$222$11K
Payroll taxesLn 10$37K$18K$2K$18K
Professional fundraising feesLn 11e$95K$95K
Other fees for servicesLn 11g$480K$341K$89K$49K
Office expensesLn 13$14K$8K$6K
OccupancyLn 16$39K$12K$19K$9K
TravelLn 17$5K$457$4K$320
Depreciation, depletion and amortizationLn 22$11K$4K$7K
Other expenses (24a–d)Ln 24$9K$5K$3K
Total functional expensesLn 25$1.2M$636K$175K$390K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2021 Latest Viewing $815K$1.2M−$386K$0 990 PDF

Want to add your own materials alongside these filings? Claim this org

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 FY2021 990 (4 parts)
Part VIII · Statement of revenue $815,376 across 8 lines filed
VIII-1e Government grants$147,106
VIII-1f All other contributions, gifts and grants$620,198
VIII-1g Noncash contributions (included above)$23,060
VIII-1h Total contributions, gifts and grants$767,304
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $23,403$23,403
VIII-3 Investment incomeRelated to mission $2,870$2,870
VIII-7 Net gain or loss on sales of assetsRelated to mission $21,799$21,799
VIII-12 Total revenueRelated to mission $48,072 · Unrelated business $0 · Excluded from tax $0$815,376
Part IX · Statement of functional expenses $1,201,012 across 10 lines filed
IX-7 Other salaries and wagesPrograms $235,490 · Management $48,366 · Fundraising $207,442$491,298
IX-9 Other employee benefitsPrograms $9,556 · Management −$222 · Fundraising $10,866$20,200
IX-10 Payroll taxesPrograms $17,551 · Management $2,027 · Fundraising $17,516$37,094
IX-11e Professional fundraising feesFundraising $94,693$94,693
IX-11g Other fees for servicesPrograms $341,095 · Management $89,390 · Fundraising $49,483$479,968
IX-13 Office expensesPrograms $8,315 · Management $6,184$14,499
IX-16 OccupancyPrograms $12,075 · Management $18,701 · Fundraising $8,510$39,286
IX-17 TravelPrograms $457 · Management $3,970 · Fundraising $320$4,747
IX-22 Depreciation, depletion and amortizationPrograms $3,880 · Management $6,727$10,607
IX-24 Other expenses (24a–d)Programs $5,163 · Management $3,457$8,620
IX-25 Total functional expensesPrograms $635,850 · Management $174,734 · Fundraising $390,428$1,201,012
Part X · Balance sheet $0 assets, 18 lines filed
X-1 Cash, non-interest-bearingStart of year $639,561$0
X-2 Savings and temporary cash investments$0
X-3 Pledges and grants receivable$0
X-4 Accounts receivable$0
X-8 Inventories for sale or use$0
X-9 Prepaid expenses and deferred chargesStart of year $2,878$0
X-10c Land, buildings and equipment, netStart of year $12,795$0
X-11 Publicly traded securities$0
X-12 Other securities$0
X-13 Program-related investments$0
X-14 Intangible assets$0
X-15 Other assetsStart of year $4,000$0
X-16 Total assetsStart of year $659,234$0
X-26 Total liabilitiesStart of year $273,598$0
X-27 Net assets without donor restrictionsStart of year $364,236$0
X-28 Net assets with donor restrictionsStart of year $21,400$0
X-32 Total net assets or fund balancesStart of year $385,636$0
X-33 Total liabilities and net assetsStart of year $659,234$0
Part XI · Reconciliation of net assets $0 net assets at year end
XI-1 Total revenue$815,376
XI-2 Total expenses$1,201,012
XI-3 Revenue less expenses−$385,636
XI-4 Net assets at start of year$385,636
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$0

Form 990 e-file (XML) FY2021 from the IRS · Classification, formation year and address from the IRS Business Master File

Similar organizations you could support · Compare with another nonprofit

Names, privacy, and removal requests More

The names, titles, and compensation shown on this page are reproduced from IRS Form 990 filings, which are public records.

Philanthropy.org does not alter the content of those filings. All information appears exactly as reported by the filing organization for the tax year shown.

We publish only information contained in the public IRS filing — and less than the filing contains. Our profile pages do not display street addresses, telephone numbers, personal email addresses, or other personal contact information, even where the filing includes them.

Many people share the same name. A name shown on this page reflects only what one organization reported in one IRS filing for one tax year. It should not be interpreted as identifying any other individual with the same or a similar name.

If you are no longer affiliated with the organization, your name will generally stop appearing in future IRS filings once the organization no longer reports you. Pages for tax years in which you were reported remain published because those filings remain part of the public record.

Philanthropy.org does not alter or remove IRS filing records. Removing a page from this website would not remove the underlying IRS filing, which remains publicly available from the IRS and other publishers of the same information.

If you believe the IRS filing itself is inaccurate, corrections must be made by the filing organization or the IRS directly.

If you ARE the filing organization, claim this org and add context

Made it to the end? Claim this organization

Keep this kind of thing free
Keep public charity data easy to read.

Free to the public, because obviously. Like this? Pay it forward. Don't like this? Help us get better.

Card, Apple Pay or Google Pay through Stripe. One time.
Keep this kind of thing free
Keep public charity data easy to read.

Free to the public, because obviously. Like this? Pay it forward. Don't like this? Help us get better.

Card, Apple Pay or Google Pay through Stripe. One time.

All figures are derived from public IRS Form 990 filings and are presented without evaluation of any organization. philanthropy.org does not rate, score, or rank organizations, including the pay comparisons above.