2024-09-26T15:23:00-07:00 2023-12-31 271439588 Conklin Gilpin & Wertz PLLC 2738 E 51st Street Ste 370 Tulsa OK 74105 990 2023-01-01 736111804 Literacy and Evangelism Inc LITE 1800 South Jackson Tulsa OK 74107 Rev Sid Rice CEO 2024-09-26 true true Shaun B Wertz P00174413 9187490921 2023 2024-08-08 14:25:15Z Rev Sid Rice 922103 false X www.literacyevangelism.org X 1967 OK Teach people to read in their own local language or English by using bible-content materials. Literacy as a means for evangelism. 7 6 4 -13077 776381 740938 0 4359 14030 73409 107025 854149 861993 13708 12176 0 132159 138533 0 18167 753788 748724 899655 899433 -45506 -37440 802984 762174 3871 501 799113 761673 Teach people to read in their own local language or English by using bible-content materials. Literacy as a means for evangelism. false false 825656 Preparation and distribution of primers used to teach reading and writing in the U.S. and abroad. Literacy training for potential teachers of various nations, particularly third world nations. Support for missionaries. Missionaries in countries or principalities teaching nationals to read and write in their own language. Texts prepared in each language have bible content. 825656 true true false false false false false false false false true false false true true true false false false true true true false false false false false false false false false false false false false false false false false false false false false false false false false true 16 0 true 4 true true true false false false false false false 0 false false false false false false false X 7 6 true false false false false false false true true false false false true true true true true false false false OK X Roland Rice 9185853826 1800 South Jackson Tulsa OK 74107 Dr Sid Rice CEO/Chair 40.00 0.00 X X 59485 0 25000 Mr Ford Brett Vice Chair 0.00 0.00 X X 0 0 0 Mr Jim Davis Director 0.00 0.00 X 0 0 0 Ms K T Director 0.00 0.00 X 0 0 0 Faith Wambugu Director 0.00 0.00 X 0 0 0 Angela Fleming Director 0.00 0.00 X 0 0 0 Mr William J Hester Director 0.00 0.00 X 0 0 0 Mr Roland Rice CFO 0.00 0.00 X 0 0 0 59485 25000 0 false false false 0 740938 740938 0 14030 14030 0 0 83812 59133 24679 24679 -13077 37756 0 0 0 11423 977 10446 10446 Administrative Fees 900099 45470 45470 Miscellaneous 900099 3543 3543 Special Events- Other 900099 22887 22887 71900 861993 82346 -13077 51786 0 0 12176 12176 0 84485 84485 0 50092 30343 14032 5717 0 0 3956 2453 1068 435 0 0 7080 7080 0 0 480 480 0 0 0 0 0 9086 5633 2453 1000 0 0 66957 66957 0 0 7726 4790 2086 850 9258 5740 2500 1018 Direct Support to Missionaries 581463 581463 Other Expense 25679 15920 6933 2826 Printing and Publications 7989 7989 Supplies 7849 4867 2119 863 25157 10829 8870 5458 899433 825656 55610 18167 99793 124619 306462 254065 0 0 0 0 0 10299 10020 10724 11693 1097587 813230 299247 284357 0 0 0 0 76459 77420 802984 762174 658 3213 501 3871 501 X 496915 490752 302198 270921 799113 761673 802984 762174 -37440 X false false false X 808857 922005 820400 776381 740938 4068581 48116 41159 62393 86594 121665 359927 0 0 0 856973 963164 882793 862975 862603 4428508 0 0 4428508 5448 2571 1696 4359 14030 28104 751 3814 4565 5448 2571 2447 8173 14030 32669 0 32 55 23 286 396 862453 965790 885263 871434 876633 4461573 0.99260 0.99060 0.00730 0.00500 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 29951 29951 1006352 752105 254247 39350 39298 52 21934 21827 107 284357 Beneficial Interest in TCF LEI Fund 75935 Deposits 984 Operating Lease - ROU Asset 501 77420 Operating Lease Liability 501 501 X Part X : FIN48 Footnote The Organization is exempt from federal and state income taxes under Internal Revenue Code Section 501(c)(3), though it is subject to tax on income unrelated to its exempt purpose, unless that income is otherwise excluded by the Code. In addition, the Organization qualifies for the charitable contribution deduction under Section 170(b)(1)(A) and has been classified as an organization that is not a private foundation under Section 509(a)(2). The accounting standard on accounting for uncertainty in income taxes addresses the determination of whether tax benefits claimed or expected to be claimed on a tax return should be recorded in the financial statements. Under that guidance, the Organization may recognize the tax benefit from an uncertain tax position only if it is more likely than not that the tax position will be sustained on examination by taxing authorities based on the technical merits of the position. Examples of tax positions include the tax-exempt status of the Organization and various positions related to the potential sources of unrelated business taxable income (UBIT). The tax benefits recognized in the financial statements from such a position are measured based on the largest benefit that has a greater than 50% likelihood of being realized upon ultimate settlement. There were no unrecognized tax benefits identified or recorded as liabilities for fiscal year 2023 and 2022. Annually, the Organization files a Return of Organization Exempt from Income Tax (Form 990) with the Internal Revenue Service (IRS) and a related return with the state of Oklahoma. Additionally, the Organization files an Exempt Organization Business Income Tax Return (Form 990-T) with the IRS to report its unrelated business taxable income, if any. The statute of limitations for both federal and Oklahoma tax returns is three years, therefore all tax returns filed over three years ago are no longer subject to examination. During the years ending December 31, 2023 and 2022, the Organization generated unrelated business loss in connection with its short-term rental activity to non-missionaries. The net activity resulted in no tax expense on unrelated business income to the IRS, nor the state of Oklahoma. true Central America and the Carribean 0 2 Literacy program efforts to spread the Gospel. Literacy Programs 12604 East Asia and the Pacific 0 1 Literacy program efforts to spread the Gospel. Literacy Programs 224 North America 0 1 Literacy program efforts to spread the Gospel. Literacy Programs 2744 South America 0 2 Literacy program efforts to spread the Gospel. Literacy Programs 3168 South Asia 0 2 Literacy program efforts to spread the Gospel. Literacy Programs 1098 Sub-Saharan Africa 0 5 Literacy program efforts to spread the Gospel. Literacy Programs 12906 Russia and Neighboring States 0 1 Literacy program efforts to sp Literacy Programs 2298 Europe 0 1 Literacy program efforts to sp Literacy Programs 647 15 15 35689 35689 Central America Lit. in Guatemala 3217 Wire Trfr Cash Value Sub-Saharan Afr Lit. in Keny 6699 Wire Transfer Cash Value Sub-Saharan Afr Literacy in Africa 2260 Wire Transfe Cash Value 3 false false false false false false Form 990, Part VI, Section A, Line 2 Sid Rice, CEO, is the brother of Roland Rice, CFO. Form 990, Part VI, Section B, Line 11b A draft of the 990 is reviewed with the CEO and/or CFO prior to submission of the final 990 for filing. Form 990, Part VI, Section B, Line 12c Annually, during the board meeting the trustees are requested to disclose any conflicts of interest with the Organization. Any conflicts that may be noted at that time are reviewed as to course of action. Form 990, Part VI, Section C, Line 19 Governing documents, policies and financial statements are disclosed to the public as requested.