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CHILDRENS LITERACY FOUNDATION

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Public IRS 990 nonprofit record

CHILDRENS LITERACY FOUNDATION

EIN 02-0498154 · Remedial Reading & Encouragement (B92)

What they do

CLIFS 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 CLIFS 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.

Before you give

Should I give to this charity?

Easy charity check
Look at where the money went

Of every $100 spent, about $81.50 was reported for mission work. Use the spending picture below and ask what results that work produced.

Plain answer: A tax form cannot prove that a charity is doing good. It can show how the charity says it spent its money—and point out questions you should ask.

Basic facts we verified

IRS warning checkNo IRS revocation warning appears in this data.

Money report from 2024The charity has a recent tax report to read.

They explain their jobThe charity tells us what it is trying to do.

They name their leaders13 people are listed in the latest report.

You can reach themThey list contact information, so you can ask questions.

Money made simple

75.29%of revenue went to mission work81.5% of expenses · Program services
6.56%of revenue went to fundraising7.1% of expenses
$92.36spent for every $100 of revenueRevenue covered expenses this year.
10.52%of revenue went to management and office costs11.4% of expenses
$3.59in assets for every $1 spent this yearSome assets cannot be spent right away.
90.2%of its money came from giftsOther money may come from services or investments.

Ask these three easy questions

  1. Who did you help? Ask for a recent story or report that shows real results.
  2. What will my money do? Ask exactly what your gift will pay for.
  3. Is this really the charity? Give only through its official website or confirmed phone number.

Pay context: The highest compensation shown in this filing is $97,470 for LAURA RICE (EXECUTIVE DI). Compare pay with organizations of similar size and complexity.

Bottom line: Do not decide from a name, mission statement, or tax status alone. Look at where the money went, then ask what changed, who was helped, and what your gift will do. YouCanGiveBack does not endorse or grade organizations.

Money

Financial picture

Tax year 2024

A plain-language look at the latest Form 990 figures available. These numbers help you ask better questions; they do not, by themselves, rate whether a charity is good or bad.

How each $100 of revenue was used

The large number compares each expense with revenue. The smaller number shows its share of total expenses.

Total reported revenue$1,122,426
Mission workProgram services$845,09175.29% of revenue81.5% of expenses
ManagementOffice and general costs$118,03810.52% of revenue11.4% of expenses
FundraisingAsking for donations$73,5996.56% of revenue7.1% of expenses
Revenue left after expensesReported annual surplus$85,6987.64% of revenueShown in gray on the chart
Total expenses$1,036,72892.36% of revenue

Gray means reported revenue left after expenses for this filing year. It does not necessarily mean cash sitting in a bank account.

Has the pattern changed?

Colored bars = expense mix: how each year’s expenses were divided. Total expenses vs. revenue shows whether the charity spent less or more than it received. The current filing is first.

YearExpense mixDetails
2024CurrentExpense mix: 81.5% mission · 11.4% management · 7.1% fundraisingTotal expenses: 92.36% of revenue
2023Expense mix: 81.5% mission · 9.4% management · 9.1% fundraisingTotal expenses: 98.34% of revenue
2022Expense mix: 81.7% mission · 9.7% management · 8.6% fundraisingTotal expenses: 93.76% of revenue
2021Expense mix: 88.6% mission · 5.6% management · 5.8% fundraisingTotal expenses: 36.96% of revenue
2020Expense mix: 88.4% mission · 5.0% management · 6.6% fundraisingTotal expenses: 39.27% of revenue
2019Expense mix: 83.8% mission · 10.8% management · 5.4% fundraisingTotal expenses: 91.34% of revenue
2018Expense mix: 83.4% mission · 11.4% management · 5.2% fundraisingTotal expenses: 93.21% of revenue
2017Expense mix: 91.1% mission · 3.8% management · 5.1% fundraisingTotal expenses: 97.32% of revenue

Money in and money out

Revenue$1,122,426
Expenses$1,036,728
Annual surplus $85,698 Revenue was higher than expenses for this filing year.

Reported spending amounts

Mission work means the Form 990 category called program services. These are reported accounting categories—not an independent measurement of results.

Mission work (program services)$845,091 · 81.5% of expenses
Management and office costs$118,038 · 11.4% of expenses
Fundraising$73,599 · 7.1% of expenses
See all reported dollar amounts
Revenue$1,122,426
Expenses$1,036,728
Assets$3,719,918
Income$1,378,580
Contributions$1,012,117
Mission work (program services)$845,091
Fundraising$73,599
Management and general$118,038
Stocks and bonds$1,536,040
Accounting fees$15,890
Investing fees$6,585
People

Leadership and board

Tax year 2024

Names, titles, time, and compensation below are reported by the organization on its Form 990.

People reported as paid

Person and titleCompensation
LAURA RICEEXECUTIVE DI · 40 hrs/week $97,470

Compensation alone does not tell whether pay is reasonable. Consider the charity’s size, work, location, and results.

See everyone listed on the board or leadership roster (13)

LAURA RICEEXECUTIVE DI

BLANCHE PODHAJSKIDIRECTOR

CATHERINE LACEYDIRECTOR

DREW ROCKWELLDIRECTOR

JEREMY HARRINGTONSECRETARY

KATHY MCGOWANTREASURER

LISA FERNEAUCHAIR

MARY MARGARET SLOANDIRECTOR

POSIE TAYLORVICE-CHAIR

RICK MILLSDIRECTOR

S CAROLINE KERRDIRECTOR

SANDY KELSEYDIRECTOR

ZACH HAGGERTYDIRECTOR

About this charity

Recognized since
January 1998
Location
3579 WATERBURY STOWE RD, WATERBURY CTR, VT 05677-8127
County
Washington
In care of
% COMPUCOUNT AFFILIATE ACT
Primary officer
LAURA RICE, EXECUTIVE DIRECTOR

How to reach them

Filing and classification

Latest tax year
2024
Tax period began
July 1, 2024
Return type
990
Tax preparer
DAVIS & HODGDON ASSOCIATES CPAS PLC
NTEE classification
Remedial Reading & Encouragement (B92)
IRS tax category
Remedial Reading & Encouragement

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About this report: Information comes from public nonprofit records and may show the latest filing available.

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