Partnerships for Literacy and Learning Corp EIN 81-4001184

Partnerships for Literacy and Learning Corp

EIN  81-4001184 Public charity (501(c)(3)) Montpelier, VT
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Size
$100K–1M
What they do
Provide essential resources and support to those in need.
Leadership
Mary Grace · Executive Director · $105K
Money in and out
$635K revenue, $576K expenses
Bottom line
73% program efficiency

Provide essential resources and support to those in need. For fiscal year 2025 it reported $635K in revenue, $576K in expenses, and $239K in net assets.Pt I

Where the money goes · FY2025
Total revenue
$635K
Pt VIII · Ln 12
Total expenses
$576K
Pt IX · Ln 25
Net assets
$239K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $60K
Where spending went · Part IX cols B–D
Program services $0.78 Management & general $0.23 Fundraising $0.03
Program efficiency
73%
of spending reaches programs▼ -4% vs prior filing year
Operating runway
3.7mo
months of highly liquid reserves at operating expense rate▲ +28% vs prior filing year
Surplus margin
+9%
revenue over expenses, this year▼ -34% vs prior filing year

Summary of the Filing

Part I · fiscal year 2025 · Form 990
Revenue
$635K
FY2025▼ -9%
Expenses
$576K
FY2025▼ -4%
Total assets
$321K
FY2025▲ +24%
Total liabilities
$81K
FY2025▲ +2%
Total revenue
$635K
Pt VIII · Ln 12
Total expenses
$576K
Pt IX · Ln 25
Net assets
$239K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$60K
Total assetsPt X · Ln 16$321K
Program-expense ratioPt IX · col B78%
Voting members of governing bodyPt I · Ln 311
Independent voting membersPt I · Ln 411
Mission & Programs · Part III

Where the work happens

4 program services account for $756K of program spending, described in the organization's own filed words · FY2024.
01

Embedded school programs help schools improve at developing students literate abilities so that they can think well and enjoy future success in school, work, and civic participation.

$190Kprogram expense
02

Embedded school programs help schools improve at developing students literate abilities so that they can think well and enjoy future success in school, work, and civic participation.

$190Kprogram expense
03

Network improvement communities offer a proven and widely acknowledged approach to school improvement.

$188Kprogram expense
04

Network improvement communities offer a proven and widely acknowledged approach to school improvement.

$188Kprogram expense

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Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CPartnerships for Literacy and Learning Corp
EINHdr · item D81-4001184
Principal addressHdr · item CMontpelier, VT
WebsiteHdr · item Jwww.pllvt.org
Year of formationHdr · item Lpending
State of legal domicileHdr · item MVT
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFArts & Culture (A70)
Ruling yearIRS BMFAug 2017

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a11
Independent voting membersPt VI · Ln 1b11
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 · most recent filed roster (FY2024); the FY2025 filing did not itemize Part VII
Executive Director
$104,876Pt VII · Sec A
Executive Director
$104,876Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A

Mary Grace’s $105K as Executive Director is at the 90th percentile of top reported officer pay among 2213 $100K–1M arts & culture 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 · 1 named individual · Part VII

NameFY2025FY2024FY2023FY2022FY2021
Mary Grace$104,876$99,888$94,638$90,138$93,551

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
Program service revenue$393K · 62%
Contributions & grants$240K · 38%
Program service revenue62%$393K
Contributions & grants38%$240K
Other revenue$2K
— government grantsLn 1e$190K
Total revenueLn 12$635K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.78 Management & general $0.23 Fundraising $0.03
Program services78%$447K
Management & general23%$133K
Fundraising3%$20K
Total functional expensesLn 25$576K

Balance Sheet

Part X · end of year
CashLn 1$178K
Total assetsLn 16$321K
Total liabilitiesLn 26$81K
Total net assetsLn 32$239K
Months of cash on handcomputed3.7

Financial Metrics

Form 990 · FY2025 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $178K · Operating expenses/yr $576K
3.7 months
Where the money goes
Program services
Program services $422K · Total expenses $576K
73%
Management & General
Management & general $133K · Total expenses $576K
23%
Fundraising
Fundraising $20K · Total expenses $576K
3%
Cost to raise $1
Fundraising expense (3-yr avg) $23K · Solicited contributions (3-yr avg) $49K
$0.46 to raise $1 (3-yr avg)
Where the money comes from
Contribution dependence
Contributions & grants $240K · Total revenue $635K
38%
Government reliance
Government grants $190K · Total revenue $635K
30%
Earned-income share
Program service revenue $393K · Total revenue $635K
62%
Investment reliance
Investment income $0 · Total revenue $635K
0%
Program self-sufficiency
Program service revenue $393K · Total expenses $576K
68%
Growth & trend
Revenue growth (YoY)
This year $635K · Prior year $700K
-9%
Revenue CAGR
FY2020 $489K · FY2024 $635K
+7%
Net-asset trend (YoY)
End of year $239K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $635K · Expenses $576K
+9%
Liabilities-to-Assets
Total liabilities — · Total assets $321K
Net-asset ratio
Net assets $239K · Total assets $321K
75%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $321K
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Mary Grace · Reported title EXECUTIVE DIRECTOR · Highest reported compensation $105K · Total expenses $576K
18%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $459K · Total expenses $576K
80%
Peer comparison

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

MetricThis orgPeer medianPercentile
Program ratio 78%
Overhead ratio 23%
Fundraising cost ratio 8%
Revenue growth -9%
Accounting fee ratio 2%

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 · FY2024
Total grants receivedfrom 1 funder$25K

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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 (Latest)$635K revenue · viewing · ⤓ 990 PDF
FY2024$700K revenue · ⤓ 990 PDF
FY2023$394K revenue · ⤓ 990 PDF
FY2022$524K revenue · ⤓ 990 PDF
FY2021$489K 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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