CHILDREN'S LITERACY FOUNDATION

EIN: 020498154 501(c)(3) Education

WATERBURY CENTER, VT

Total Revenue
$1,122,426
Total Expenses
$1,036,728
Total Assets
$3,719,918
Net Assets
$3,694,315
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Organization Details

Formation Year
1998
Legal Domicile
VT
Principal Officer
LAURA RICE
Phone
8022440944
Tax Period
2024-07-01 to 2025-06-30

CHILDREN'S LITERACY FOUNDATION, founded in 1998, is a community nonprofit in the Education sector that reported $1.1M in total revenue in fiscal year 2024. Expenses of $1.0M left a modest 8% surplus.

Mission

CLIF'S MISSION IS TO NURTURE A LOVE OF READING AND WRITING AMONG UNDER RESOURCED CHILDREN UP TO AGE 12 THROUGHOUT NEW HAMPSHIRE AND VERMONT. SINCE 1998 CLIF'S INSPIRING LITERACY PROGRAMS AND OUR 60+ PROFESSIONAL PRESENTERS (AUTHORS, ILLUSTRATORS, POETS, AND STORYTELLERS) HAVE SERVED MORE THAN 350,000 CHILDREN IN 430 COMMUNITIES ACROSS THE TWIN STATES, AND CLIF HAS DONATED MORE THAN 10 MILLION IN NEW BOOKS TO THOSE CHILDREN WHO NEED THEM THE MOST: CHILDREN IN SHELTERS AND LOW-INCOME HOUSING; REFUGEE AND FOSTER CHILDREN; CHILDREN IN RURAL COMMUNITIES WITH LIMITED RESOURCES; CHILDREN OF PRISON INMATES; AND MANY OTHERS.

Program Service Accomplishments

Program 1
Expenses: $845,091

THE CHILDREN'S LITERACY FOUNDATION (CLIF) OPERATES SEVEN LITERACY PROGRAMS FOR UNDER-RESOURCED CHILDREN UP TO AGE TWELVE IN NEW HAMPSHIRE AND VERMONT TO SUPPORT SUCCESS IN LEARNING AND LIFE. SERVING...

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THE CHILDREN'S LITERACY FOUNDATION (CLIF) OPERATES SEVEN LITERACY PROGRAMS FOR UNDER-RESOURCED CHILDREN UP TO AGE TWELVE IN NEW HAMPSHIRE AND VERMONT TO SUPPORT SUCCESS IN LEARNING AND LIFE. SERVING 20,000 CHILDREN EACH YEAR, THROUGH PARTNERSHIP WITH OVER 150 COMMUNITY ORGANIZATIONS, EACH OF CLIF'S PROGRAMS PROVIDES LITERACY EXPERIENCES AND NEW BOOKS TO CHILDREN WHO MAY NOT HAVE ACCESS TO SUCH OPPORTUNITIES. OVER 50,000 BOOKS WERE GIVEN AWAY TO CHILDREN THIS PAST YEAR. CLIF PROVIDES NEW BOOKS TO CLASSROOMS, COMMUNITY- BASED ORGANIZATIONS, AND CORRECTIONAL FACILITIES, AND NEW LIBRARY BOOKS TO SCHOOL AND COMMUNITY LIBRARIES. CLIF PROVIDES SUPPORT TO COMMUNITY PARTNERS FOR CREATIVE LITERACY PROJECTS WITH THE STUDENTS AND CHILDREN THEY SERVE. CLIF ALSO PROVIDES INFORMATION, RESOURCES, AND SEMINARS TO PARENTS AND CAREGIVERS SO THAT THEY MAY ENCOURAGE READING AND WRITING FOR CHILDREN. ADDITIONALLY, CLIF OFFERS PROFESSIONAL DEVELOPMENT FOR TEACHERS, LIBRARIANS, AND OTHERS THROUGH CONFERENCES AND AN ARRAY OF ONLINE RESOURCES. CLIF PROGRAMS ARE AS FOLLOWS: YEAR OF THE BOOK: THIS COMPREHENSIVE PROGRAM PROVIDES TEN SELECTED SCHOOLS WITH 25,000 IN LITERACY PROGRAMS WITH AUTHORS/ILLUSTRATORS, EDUCATOR SUPPORT AND NEW BOOKS FOR STUDENTS OVER THE COURSE OF THE SCHOOL YEAR. ONLY SCHOOLS WITH MORE THAN 35% OF THEIR STUDENTS ON FREE OR REDUCED LUNCH ARE ELIGIBLE. ALL YEAR OF THE BOOK PARTNERS ARE ELIGIBLE FOR 1000 IN FREE PROGRAMMING IN THE SUBSEQUENT YEAR TO MAINTAIN MOMENTUM IN LITERACY ENGAGEMENT. RURAL LIBRARIES: THIS PROGRAM SUPPORTS LIBRARIES THAT SERVICE TOWNS OF LESS THAN 5,000 PEOPLE. SELECTED LIBRARIES RECEIVE 2,000 IN NEW BOOKS AS WELL TWO LITERACY EVENTS, INCLUDING ONE AT THE LOCAL ELEMENTARY SCHOOL ALONG WITH BOOKS FOR THE SCHOOL'S LIBRARY AND A BOOK GIVEAWAY FOR THE STUDENTS. CHILDREN OF INCARCERATED ADULTS: THIS PROGRAM WORKS WITH FIVE PRISONS IN NH AND VT, PROVIDING SEMINARS TO THE INMATES ON THE IMPORTANCE OF CHILDREN'S LITERACY, BOOK DONATIONS TO THE FAMILY VISITING ROOM, AND FREE BOOKS CHOSEN BY THE INMATES AND SENT HOME TO THEIR CHILDREN. COMMUNITY LITERACY (FORMERLY KNOWN AS "AT-RISK YOUTH"): THIS PROGRAM PARTNERS WITH 20 COMMUNITY-BASED ORGANIZATIONS SERVING CHILDREN, INCLUDING: LOW-INCOME HOUSING, AFTER-SCHOOL PROGRAMS, CHILDCARE CENTERS, SUMMER CAMPS, AND ELL CLASSROOMS. THE CHILDREN ATTEND AN AUTHOR/ILLUSTRATOR PRESENTATION AND RECEIVE NEW BOOKS, CAREGIVERS ARE OFFERED INFORMATION OF CHILDREN'S LITERACY, AND THE ORGANIZATION RECEIVES NEW BOOKS TO KEEP ON-SITE. SUMMER READERS: THIS PROGRAM IS OFFERED TO ANY ELIGIBLE SUMMER PROGRAM IN NH OR VT WHICH SERVES CHILDREN FROM UNDER-RESOURCED COMMUNITIES. THE PROGRAM PROVIDES AN AUTHOR/ILLUSTRATOR PRESENTATION AND A BOOK GIVEAWAY. LITERACY ENRICHMENT (NEW IN 2024): THIS PROGRAM PROVIDES UP TO 1,000 IN FUNDING TO ANY ELIGIBLE COMMUNITY PARTNER FOR EXPERIENTIAL AND/OR CREATIVE PROGRAMMING DESIGNED TO BRING "LITERACY TO LIFE" FOR CHILDREN. SPARK (FORMERLY KNOWN AS "REVIVE"): THIS PROGRAM IS OFFERED TO ANY CLIF COMMUNITY PARTNER WHO HAS WORKED WITH CLIF WITHIN THE PAST THREE YEARS, PROVIDING 500 FOR THE ORGANIZATION TO USE IN LITERACY PROGRAMMING AS THEY CHOOSE.

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $1,012,117
Program Service Revenue $0
Investment Income $110,309
Other Revenue $0
TOTAL REVENUE $1,122,426

Expense Breakdown

Grants Paid $0
Salaries & Benefits $389,207
Fundraising Expenses $73,599
Program Expenses $845,091
Other Expenses $647,521
TOTAL EXPENSES $1,036,728

Year-over-Year Comparison

2024 2023 Change
Revenue $1,122,426 $1,045,185 +0.1%
Expenses $1,036,728 $1,027,872 +0.0%
Net Income $85,698 $17,313 +3.9%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Governance

Voting Members
12
Independent Members
12
Employees
7
Volunteers
12

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
5
$97,470
Total Directors
12
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
LISA FERNEAU CHAIR 4.00
Officer Director
$0 $0 $0
POSIE TAYLOR VICE-CHAIR 4.00
Officer Director
$0 $0 $0
KATHY MCGOWAN TREASURER 4.00
Officer Director
$0 $0 $0
JEREMY HARRINGTON SECRETARY 4.00
Officer Director
$0 $0 $0
ZACH HAGGERTY DIRECTOR 2.00
Director
$0 $0 $0
SANDY KELSEY DIRECTOR 2.00
Director
$0 $0 $0
S CAROLINE KERR DIRECTOR 2.00
Director
$0 $0 $0
RICK MILLS DIRECTOR 2.00
Director
$0 $0 $0
BLANCHE PODHAJSKI DIRECTOR 2.00
Director
$0 $0 $0
MARY MARGARET SLOAN DIRECTOR 2.00
Director
$0 $0 $0
CATHERINE LACEY DIRECTOR 2.00
Director
$0 $0 $0
DREW ROCKWELL DIRECTOR 2.00
Director
$0 $0 $0
LAURA RICE EXECUTIVE DI 40.00
Officer
$97,470 $0 $97,470
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2025 $1,122,426 $1,036,728 $3,719,918 $85,698
2024 $1,045,185 $1,027,872 $3,617,357 $17,313
2023 $949,270 $890,064 $3,631,642 $59,206
2022 $2,120,012 $783,482 $3,355,968 $1,336,530
2021 $1,855,225 $728,470 $2,119,199 $1,126,755
2020 $782,843 $715,046 $1,337,057 $67,797
2019 $755,096 $703,830 $956,329 $51,266
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