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Literacy Assistance Center Inc

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 133179618 ✦ New york, NY ✦ Designated as a 501(c)(3)

Overview

What is Literacy Assistance Center Inc?

The Literacy Assistance Center Inc, located at 85 Broad Street, New York, NY 10004, is a dedicated nonprofit organization with a mission to fortify and expand the adult education system. Their primary objective is to elevate adult literacy as a cornerstone of society, fostering equal opportunity and social justice. Established in 1983, they have devoted their efforts to enhancing the capacity and improving the quality of Adult Basic Education, English for Speakers of Other Languages, and High School Equivalency programs serving New York's educationally and economically disadvantaged adults and out-of-school youth. In 2022, they concluded the fourth year and commenced the fifth year of a five-year contract with the New York State Education Department (NYSED), managing and maintaining their Adult Student Information System and Technical Support (ASISTS). ASISTS is a crucial component of NYSED's accountability system, tracking and analyzing data for over 75,000 adult literacy students annually, supporting the evaluation and funding of over 150 adult literacy programs throughout the state.


Official website here: www.lacnyc.org

Is Literacy Assistance Center Inc legitimate?

Literacy Assistance Center Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Literacy Assistance Center Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.

Here are some key statistics you may want to consider:

Executive Compensation: $314,320
Professional Fundraising Fees: $0
Other Salaries and Wages: $1,037,709

For more financial information, click here


Official website here: www.lacnyc.org

What is the mission statement of Literacy Assistance Center Inc?

The Literacy Assistance Center (LAC) is committed to strengthening and expanding the adult education system. Their mission is to advance adult literacy as a fundamental value in society, serving as a foundation for equal opportunity and social justice. Established in 1983, LAC has been dedicated to enhancing the capacity and improving the quality of Adult Basic Education, English for Speakers of Other Languages, and High School Equivalency programs. These programs cater to New York's educationally and economically marginalized adults and out-of-school youth.


Official website here: www.lacnyc.org

Who is the CEO of Literacy Assistance Center Inc?

Ira Yankwitt is the Chair of Literacy Assistance Center Inc.


Official website here: www.lacnyc.org

What is the revenue of Literacy Assistance Center Inc?

Literacy Assistance Center Inc's revenue in 2022 was $2,348,883.


Official website here: www.lacnyc.org

Who are the executives of Literacy Assistance Center Inc and what are their salaries?

The average compensation at Literacy Assistance Center Inc during 2022 was $75,113. There are 18 employees and 13 volunteers at Literacy Assistance Center Inc.

Here are 15 key members and their salaries:

    Ira Yankwitt (Executive Director)
  • Compensation: $131,954
  • Related: $0
  • Other: $26,789

    • Venugopal Thelakkat (Chief Technical & Administ)
  • Compensation: $119,363
  • Related: $0
  • Other: $21,427

    • Elizabeth Horton (Chair) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Berta Colon (Member) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Suzanne Carothers (Member) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Jacqueline Cook (Member) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Marian Lapsley Cross (Member) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • John Gordon (Member) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Jaye Jones (Member) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Michael Hirschhorn (Member) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Irwin Kirsch (Member) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Donald Murray (Member) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • J David Nelson (Treasurer) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Michael Rivadeneyra (Member) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Parvoneh Shirgir (Member) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0


  • Official website here: www.lacnyc.org

    Where can I find the form 990 for Literacy Assistance Center Inc?

    The Literacy Assistance Center Inc’s most recent form 990 was submitted in 2022 and can be accessed here


    Official website here: www.lacnyc.org

    Learn more at the official website: www.lacnyc.org

    Mission Statement of Literacy Assistance Center Inc

    The Literacy Assistance Center (LAC) is committed to enhancing and expanding the adult education system. Their primary objective is to elevate adult literacy as a fundamental value in society, serving as a basis for equal opportunity and social justice. Established in 1983, the Literacy Assistance Center has been dedicated to bolstering the capacity and improving the quality of Adult Basic Education (ABE), English for Speakers of Other Languages (ESOL), and High School Equivalency (HSE) programs. These programs cater to New York's most educationally and economically disadvantaged adults and out-of-school youth, working tirelessly to empower them and provide them with the necessary tools for a better future.

    Impact

    This information is meant to be a general summary of Literacy Assistance Center Inc. Please take the time to review official sources before making any decisions based upon the content provided here.




    Thursday, August 1, 2024

    Literacy Assistance Center Inc's impact is significant in strengthening and expanding the adult education system. They actively work towards advancing adult literacy as a core value in our society and as a foundation for equal opportunity and social justice. Through their work, they have improved the quality of adult basic education, English for speakers of other languages, and high school equivalency programs. Their efforts have particularly benefited New York's most educationally and economically marginalized adults and out-of-school youth since 1983.





    Financials

    This financial information is from Propublica.

    Revenue
    Expenses
    Efficiency

    Other financial information:

    This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $40
  • Program Service Revenue: $22,450
  • Gross Receipts: $2,348,883

    • Assets and Liabilities:
  • Total Assets: $1,805,179
  • Total Liabilities: $324,862
  • Net Assets: $1,480,317
  • Programs

    Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

    EDUCATIONAL ENTERPRISE

    Revenue

    $22,450

    Organization Details

    Founding Year

    1983

    Principal Officer

    Ira Yankwitt

    Main Address

    85 BROAD STREET, NEW YORK, NY, 10004

    NTEE Category

    Code: B61B - Education

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