2023-12-19T08:12:30-06:00 2023-06-30 133628255 CONDON O'MEARA MCGINTY & DONNELLY LLP ONE BATTERY PARK PLAZA 7TH FL NEW YORK NY 10004 990 2022-07-01 133911331 LITERACY INC LITE 2126205462 5030 BROADWAY 641 NEW YORK NY 10034 KOSHA UDANI TREASURER 2126205462 2023-12-13 1 KOSHA UDANI 999009999 0 ALEXANDER LAZZARUOLO P01775353 2126617777 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z X LINC KOSHA UDANI 5030 BROADWAY 641 NEW YORK NY 10034 6731069 0 X WWW.LINCNYC.ORG X 1996 NY LINC EQUIPS CHILDREN WITH FOUNDATIONAL LITERACY SKILLS BY EMPOWERING FAMILIES AND COMMUNITIES. 25 25 57 88 0 0 6508013 5022611 0 0 26840 19299 181310 49887 6716163 5091797 0 0 0 0 3416450 3776548 0 0 486020 1064178 1379346 4480628 5155894 2235535 -64097 8106270 6536572 2088700 556645 6017570 5979927 X SEE SCHEDULE O 0 0 4239703 LINC MOBILIZED MORE THAN 153 COMMUNITY PARTNERS, INCLUDING LIBRARIES, TO DELIVER 159 READING EVERYWHERE PROGRAMS, 236 READING DISCOVERIES AND 171 PARENT WORKSHOP SESSIONS. WE ALSO GRADUATED 55 PARENTS IN OUR VERY INVOLVED PARENT (VIP) ACADEMY. NEARLY 62 VIPS VOLUNTEERED TO SUPPORT 121 EVENTS IN THE COMMUNITY. 4239703 1 1 0 0 0 0 0 0 0 1 1 1 0 0 0 0 1 0 0 0 0 0 0 0 1 0 0 0 0 1 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 1 22 0 1 57 1 0 0 0 0 0 1 1 0 0 0 0 0 0 X 25 25 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 NY X X JEANINE NADLER 2126205462 5030 BROADWAY 641 NEW YORK NY 10034 CARLOS RODRIGUEZ CHAIR 2.00 X X 0 0 0 MARY FRATTO ROWE VICE CHAIR 2.00 X X 0 0 0 ROBERT SPIERER SECRETARY 2.00 X X 0 0 0 KOSHA UDANI TREASURER 2.00 X X 0 0 0 TRACY DOCKRAY DIRECTOR 2.00 X 0 0 0 CARL FOLTA DIRECTOR 2.00 X 0 0 0 JOHN GALISKI DIRECTOR 2.00 X 0 0 0 JOHN HALLEY DIRECTOR 2.00 X 0 0 0 JORDAN HALPERN-LEISTNER DIRECTOR 2.00 X 0 0 0 HELENE JAFFE DIRECTOR 2.00 X 0 0 0 WILL ESTILO DIRECTOR 2.00 X 0 0 0 NAHID LAKHANI DIRECTOR 2.00 X 0 0 0 DAN LEE DIRECTOR 2.00 X 0 0 0 JAMES E LIEBER DIRECTOR 2.00 X 0 0 0 PAT MITCHELL DIRECTOR 2.00 X 0 0 0 ANDREA NEWBORN DIRECTOR 2.00 X 0 0 0 SUSAN ELKIND ORCHANT DIRECTOR 2.00 X 0 0 0 SONIA ORTIZ-GULARDO DIRECTOR 2.00 X 0 0 0 JOHN PANTALENA DIRECTOR 2.00 X 0 0 0 CLARE PREMO PEREZ DIRECTOR 2.00 X 0 0 0 VICTOR PICHARDO JR DIRECTOR 2.00 X 0 0 0 RON RENTEL DIRECTOR 2.00 X 0 0 0 ANN SHORT DIRECTOR 2.00 X 0 0 0 ANDREW SPRING DIRECTOR 2.00 X 0 0 0 STEPHANIE YOUNG DIRECTOR 2.00 X 0 0 0 JACQUELINE KAIKO TREASURER (ENDED) 2.00 X 0 0 0 SYLVAIN GRANDE DIRECTOR (ENDED) 2.00 X 0 0 0 NASREEN DAVIDSON DIRECTOR (ENDED) 2.00 X 0 0 0 SHARI J LEVINE EXECUTIVE DIRECTOR 40.00 X 113522 0 21190 CARLA GODOY DIRECTOR OF ADVANCEMENT 40.00 X 136981 0 25569 KATIE GARDNER-BOEHM DIRECTOR OF DEVELOPMENT 40.00 X 128150 0 23920 EMMANUEL J NOVY CHIEF OF STRATEGIC INITIATIVES 40.00 X 122308 0 22830 LAURA WALSH DIRECTOR 40.00 X 111582 0 20828 GILBERTO AGOSTO DIRECTOR OF THE READS INITIATIVE 40.00 X 105560 0 19704 718103 0 134041 6 0 1 0 SHARED VALUE MEDIA 122 EAST 42ND STREET SUITE 2510 NEW YORK NY 10168 MARKETING & MEDIA SUPPORT 230000 APTER & O'CONNOR 8473 E SENECA TURNPIKE MANLUIS NY 13104 PROGRAM EVALUATION CONSULTING 146950 JULIE PONCELET CONSULTING LLC 5123 W 98TH ST 1160 MINNEAPOLIS MN 55437 PROGRAM EVALUATION CONSULTING 110479 3 677548 1639888 2705175 66234 5022611 15130 15130 1502586 1498417 4169 4169 4169 140855 677548 140855 0 OTHER REVENUE 900099 49887 49887 49887 5091797 0 0 69186 X 164990 136850 12971 15169 3080905 2555442 242204 283259 58228 48297 4578 5353 208673 173083 16405 19185 263752 218768 20735 24249 59553 50932 8621 865761 666408 104912 94441 67370 55881 5295 6194 13470 11173 1059 1238 98512 81710 7745 9057 357 296 28 33 17974 14918 158 2898 PROGRAM EXPENSE 144699 144699 MISCELLANEOUS 88002 57598 5460 24944 DONATED BOOKS / MATERIA 23648 23648 5155894 4239703 430171 486020 3709687 435619 1472799 532364 2210725 3264644 88197 168746 39710 51597 24381 24381 357 0 570169 2071582 14626 12020 8106270 6536572 2088700 556645 2088700 556645 X 3223697 3423181 2793873 2556746 6017570 5979927 8106270 6536572 -64097 26454 0 X 0 1 X 1 0 X 3833859 3948046 3843842 6508013 5022611 23156371 3833859 3948046 3843842 6508013 5022611 23156371 3931224 19225147 778 530 234 368 15130 17040 181310 49887 231197 23404608 115019 0.82140 0.80480 X SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: MISCELLANEOUS - 2022 AMOUNT: $ 49,887. ERTC - 2021 AMOUNT: $ 181,310. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 2793873 2925000 2162127 3556746 1452711 2946000 1604838 2793873 1567296 1091000 1205585 1452711 1308562 1400550 1141816 1567296 1077008 1201066 969512 1308562 0.28115 0.71885 0 0 24381 24381 0 0 INVESTMENTS IN U.S. TREASURY BILLS 2071582 C 2071582 5211053 26454 92802 119256 5091797 0 5091797 5248696 92802 92802 5155894 0 5155894 PART V, LINE 4: TEMPORARILY RESTRICTED NET ASSETS CONSIST OF CONTRIBUTIONS THAT ARE RESTRICTED BY THE DONOR FOR A SPECIFIC PROJECT OR PURPOSE OR RELATE TO FUTURE PERIODS. DURING MARCH 2023, THE BOARD OF DIRECTORS APPROVED THE ESTABLISHMENT OF A BOARD DESIGNATED FUND WHICH WAS FUNDED BY A $1,000,000 TRANSFER FROM UNDESIGNATED WITHOUT DONOR RESTRICTED FUNDS. THE PURPOSE OF THIS FUND IS TO ENABLE LINC TO UNDERTAKE PROJECTS NOT OTHERWISE SUPPORTED BY LINC'S REGULAR FUNDRAISING AND OTHER REVENUE-GENERATING ACTIVITIES, SUPPORT ESTABLISHED PROGRAM PRIORITIES, SUPPORT CAPITAL EXPENDITURES, HELP OFFSET OPERATING DEFICITS OR UNBUDGETED EXPENDITURES, AND SUPPORT OTHER PROGRAMS, ACTIVITIES AND OPERATIONS. GALA 818403 677548 140855 140855 818403 677548 140855 140855 140855 0 X 0 0 0 0 0 0 0 0 0 CARLA GODOY DIRECTOR OF ADVANCEMENT 136981 0 0 0 0 0 2740 0 22829 0 162550 0 0 0 KATIE GARDNER-BOEHM DIRECTOR OF DEVELOPMENT 128150 0 0 0 0 0 494 0 23426 0 152070 0 0 0 X 4 42586 FMV X BOOKS/MATERIALS 5 23648 FMV 0 0 0 FORM 990, PART III, LINE 1 LITERACY INC. (LINC) IS AN AWARD-WINNING ORGANIZATION THAT PROVIDES EFFECTIVE EARLY LEARNING STRATEGIES FOR PARENTS TO BUILD A STRONG LITERACY FOUNDATION FOR THEIR CHILDREN DURING THEIR FIRST FIVE YEARS OF DEVELOPMENT, A TIME WHEN THEIR FUTURE OUTCOMES ARE SHAPED. OUR MISSION IS TO EQUIP CHILDREN WITH FOUNDATIONAL LITERACY SKILLS ESSENTIAL FOR ACADEMIC ACHIEVEMENT BY EMPOWERING FAMILIES AND MOBILIZING THE COMMUNITY. FORM 990, PART VI, SECTION B, LINE 11B A DRAFT OF THE FORM 990 IS E-MAILED TO BOARD MEMBERS FOR COMMENT BEFORE FILING. FORM 990, PART VI, SECTION B, LINE 12C TO REGULARLY MONITOR AND ENFORCE COMPLIANCE WITH THE LINC'S CONFLICT OF INTEREST POLICY, ANNUAL CONFLICT OF INTEREST STATEMENTS ARE SIGNED. FORM 990, PART VI, SECTION B, LINE 15 THE BOARD OF DIRECTORS CONDUCTS A YEARLY PERFORMANCE REVIEW OF THE EXECUTIVE DIRECTOR AND SETS THE SALARY FOR THE NEW YEAR. THIS IS DONE IN SEPTEMBER. FORM 990, PART VI, SECTION C, LINE 19 LINC MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AVAILABLE UPON REQUEST. FINANCE HAS A GOOGLE DRIVE LOCATION FOR ALL POLICIES , HANDBOOKS AND PROCESS MEMOS. THE FINANCIAL STATEMENTS ARE AVAILABLE ON THE LINC WEBSITE. FORM 990, PART IX, LINE 11G PROFESSIONAL FEES: PROGRAM SERVICE EXPENSES 271,754. MANAGEMENT AND GENERAL EXPENSES 46,002. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 317,756. STAFF DEVELOPMENT & TRAINING: PROGRAM SERVICE EXPENSES 16,654. MANAGEMENT AND GENERAL EXPENSES 1,578. FUNDRAISING EXPENSES 1,846. TOTAL EXPENSES 20,078. CONSULTANTS: PROGRAM SERVICE EXPENSES 370,499. MANAGEMENT AND GENERAL EXPENSES 56,621. FUNDRAISING EXPENSES 91,763. TOTAL EXPENSES 518,883. PAYROLL PROCESSING SERVICES: PROGRAM SERVICE EXPENSES 7,501. MANAGEMENT AND GENERAL EXPENSES 711. FUNDRAISING EXPENSES 832. TOTAL EXPENSES 9,044.