GREENVILLE LITERACY ASSOCIATION

EIN: 570521414 501(c)(3) Education

GREENVILLE, SC

Total Revenue
$782,560
Total Expenses
$810,511
Total Assets
$1,704,879
Net Assets
$1,579,607
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1970
Legal Domicile
SC
Principal Officer
VICTORIA TERESA NOVAK
Phone
8644673456
Tax Period
2023-07-01 to 2024-06-30

GREENVILLE LITERACY ASSOCIATION, founded in 1970, is a small nonprofit in the Education sector that reported $783K in total revenue in fiscal year 2023. Revenue decreased 7% compared to the prior year. Net assets of $1.6M represent 24 months of operating reserves.

Mission

THE MISSION OF THE GREENVILLE LITERACY ASSOCIATION IS TO ENRICH OUR COMMUNITY BY INCREASING THE LITERACY AND EMPLOYABILITY OF THE CITIZENS OF GREENVILLE COUNTY.

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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 $599,899
Program Service Revenue $48,596
Investment Income $12,888
Other Revenue $121,177
TOTAL REVENUE $782,560

Expense Breakdown

Grants Paid $0
Salaries & Benefits $527,726
Fundraising Expenses $56,880
Program Expenses $578,432
Other Expenses $282,785
TOTAL EXPENSES $810,511

Year-over-Year Comparison

2023 2022 Change
Revenue $782,560 $837,137 -0.1%
Expenses $810,511 $790,859 +0.0%
Net Income $-27,951 $46,278 -1.6%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Financial Health Indicators

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Liquidity & Cash Position

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Governance

Voting Members
15
Independent Members
15
Employees
17
Volunteers
200

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
$63,333
Total Directors
15
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
VICTORIA TERESA NOVAK EXECUTIVE DI 40.00
Officer
$63,333 $0 $63,333
RAFAEL HERNANDEZ ALICEA BOARD MEMBER 1.00
Director
$0 $0 $0
JESSICA ALLENDORF BOARD MEMBER 1.00
Director
$0 $0 $0
ALLYSON BROWN BOARD MEMBER 1.00
Director
$0 $0 $0
NICK CHERRY BOARD MEMBER 1.00
Director
$0 $0 $0
MEAGAN COLLINS SECRETARY 1.00
Officer Director
$0 $0 $0
JOANNA G COOPER VICE PRESIDE 1.00
Officer Director
$0 $0 $0
LAKEIA HARRIS BOARD MEMBER 1.00
Director
$0 $0 $0
RONNIE MCCARRELL BOARD MEMBER 1.00
Director
$0 $0 $0
SHANNON OWEN PRESIDENT 1.00
Officer Director
$0 $0 $0
KAREN POTTER BOARD MEMBER 1.00
Director
$0 $0 $0
ELIZABETH ROSER BOARD MEMBER 1.00
Director
$0 $0 $0
ALAINA SCHNIPKE TREASURER 1.00
Officer Director
$0 $0 $0
MICHAEL SCOTT BOARD MEMBER 1.00
Director
$0 $0 $0
NATHAN WALKER BOARD MEMBER 1.00
Director
$0 $0 $0
AMBER WILSON BOARD MEMBER 1.00
Director
$0 $0 $0
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 No data No data No data No data
2024 $782,560 $810,511 $1,704,879 $-27,951
2024 $782,560 $810,511 $1,704,879 $-27,951
2023 $837,137 $790,859 $1,557,943 $46,278
2022 $843,116 $691,208 $1,469,123 $151,908
2021 $767,976 $640,637 $1,581,196 $127,339
2020 $734,028 $712,522 $1,232,000 $21,506
2019 $696,958 $743,578 $1,176,611 $-46,620
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