LITERACY DESIGN COLLABORATIVE INC

EIN: 463418612 501(c)(3) Education

NEW YORK, NY

Total Revenue
$2,397,684
Total Expenses
$2,777,437
Total Assets
$2,461,546
Net Assets
$1,586,997
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2013
Legal Domicile
NY
Principal Officer
CHAD VIGNOLA
Phone
2129184644
Tax Period
2023-01-01 to 2023-12-31

LITERACY DESIGN COLLABORATIVE INC, founded in 2013, is a community nonprofit in the Education sector that reported $2.4M in total revenue in fiscal year 2023. Revenue surged 49% from the prior year, signaling strong growth momentum. Expenses of $2.8M exceeded revenue, resulting in a 16% operating deficit.

Mission

SEEKS TO ENSURE THAT EVERY STUDENT IN AMERICA GRADUATES FROM (CONTINUED ON SCHEDULE O) HIGH SCHOOL WITH THE LITERACY SKILLS NECESSARY FOR SUCCESS IN COLLEGE AND CAREER. LDC IS A TEACHER-CREATED INSTRUCTIONAL DESIGN SYSTEM THAT TRANSFORMS EDUCATOR PRACTICE THROUGH THE USE OF ONLINE TOOLS AND RESOURCES THAT FACILITATE COLLABORATION, CONTENT DEVELOPMENT, AND PROFESSIONAL LEARNING TO EFFECTIVELY IMPLEMENT COLLEGE AND CAREER READINESS STANDARDS ("CCRS") IN K-12 CLASSROOMS. LDC WORKS WITH A VARIETY OF STAKEHOLDERS, INCLUDING STATES, DISTRICTS, TEACHER TRAINING ORGANIZATIONS, SCHOOLS, AND INDIVIDUAL TEACHERS, TO ENABLE ALL EDUCATORS TO MODEL, LEAD, AND SUCCEED IN IMPLEMENTING THE HIGH EXPECTATIONS EMBODIED BY THE CCRS AS THEY ACCELERATE THEIR OWN PROFESSIONAL GROWTH AND INCREASE STUDENT OUTCOMES.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $2,015,831
Program Service Revenue $381,749
Investment Income $104
Other Revenue $0
TOTAL REVENUE $2,397,684

Expense Breakdown

Grants Paid $0
Salaries & Benefits $1,481,385
Fundraising Expenses $0
Program Expenses $2,396,842
Other Expenses $1,296,052
TOTAL EXPENSES $2,777,437

Year-over-Year Comparison

2023 2022 Change
Revenue $2,397,684 $1,612,943 +0.5%
Expenses $2,777,437 $1,893,790 +0.5%
Net Income $-379,753 $-280,847 +0.4%
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
7
Independent Members
6
Employees
10
Volunteers
N/A

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
2
$378,094
Total Directors
7
$375,744
Key Employees
0
$0
Highest Compensated
4
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
CHAD VIGNOLA PRESIDENT / EXECUTIVE DIRECTOR 60.00
Officer Director
$278,576 $97,168 $375,744
JOHN KATZMAN BOARD CHAIR 1.00
Director
$0 $0 $0
HARLAN WAKSAL DIRECTOR 1.00
Director
$0 $0 $0
MARLA UCELLI-KASHYAP DIRECTOR 1.00
Director
$0 $0 $0
TANYA BAKER DIRECTOR 1.00
Director
$0 $0 $0
CARL-ANTHONY WATSON DIRECTOR 1.00
Director
$0 $0 $0
RANDY MASTRO DIRECTOR 1.00
Director
$0 $0 $0
DANA MOLONEY SECRETARY 1.00
Officer
$2,350 $0 $2,350
ROBERT KASHER CHIEF PROGRAM OFFICER 40.00
Highest
$137,316 $42,557 $179,873
SABRINA LYDIA ALICEA DIR. OF CURRICULUM DEVELOP 40.00
Highest
$113,230 $26,068 $139,298
DWIGHT NOLT DIR. OF DISTRICT LEADERSHIP 40.00
Highest
$124,207 $30,179 $154,386
NEPHI WRIGHT PRINCIPAL SOFTWARE DEVELOP 40.00
Highest
$114,345 $38,171 $152,516
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
2024 No data No data No data No data
2023 $2,397,684 $2,777,437 $2,461,546 $-379,753
2022 $1,612,943 $1,893,790 $2,753,634 $-280,847
2021 $1,176,488 $1,493,805 $3,281,967 $-317,317
2020 $736,305 $2,245,503 $3,659,273 $-1,509,198
2019 $3,272,817 $4,501,173 $4,809,174 $-1,228,356
2018 $6,900,932 $4,812,062 $7,636,352 $2,088,870
2018 $5,619,414 $4,833,757 $6,352,169 $785,657
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