2025-02-23T13:29:37-06:00 2024-06-30 710747688 JOHN LANGHAM & CO CPAS 820 SOUTH 21ST STREET FORT SMITH AR 72901 990 2023-07-01 710661428 LITERACY COUNCIL OF WESTERN ARKANSAS INC LITE 4797837665 300 S 11TH STREET FORT SMITH AR 72901 NANCY MARTINEZ PRESIDENT 4797832665 2025-02-20 1 1 JOHN C LANGHAM CPA P00714265 4797832500 2025-02-20 2023 2025-03-06 01:10:19Z NANCY MARTINEZ 300 S 11TH STREET FORT SMITH AR 72901 102600 0 X N/A X 1990 AR THE COUNCIL IS AN INDEPENDENT NOT FOR PROFIT CORPORATION CREATED TO IMPROVE LITERACY BY ONE ON ONE TUTORING AND OTHER LITERACY PROGRAMS. 9 9 2 0 0 0 93550 100302 0 0 119 74 382 2224 94051 102600 0 0 0 0 61046 59517 0 0 2125 51128 27098 112174 86615 -18123 15985 99885 110697 18814 13641 81071 97056 THE COUNCIL IS AN INDEPENDENT NOT FOR PROFIT CORPORATION CREATED TO IMPROVE LITERACY BY ONE ON ONE TUTORING AND OTHER LITERACY PROGRAMS. 0 0 63627 IMPROVE LITERACY BY ONE ON ONE TUTORING AND OTHER LITERACY PROGRAMS. 63627 1 1 0 0 0 0 0 0 0 0 1 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 2 0 0 0 0 0 0 0 0 0 0 0 X 9 9 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 0 1 1 0 0 AR X COMPANY 4797832665 300 S 11TH STREET FORT SMITH AR 72901 X NANCY MARTINEZ BOARD MEMBER/PRESIDENT 4.00 X X 0 0 0 EMMANUEL MAYA BOARD MEMBER/VICE PRESIDEN 0.50 X X 0 0 0 TROY RODGIGUEZ BOARD MEMBER/TREASURER 0.50 X X 0 0 0 KAREN HAGGARD BOARD MEMBER/SECRETARY 0.50 X X 0 0 0 JENNIFER PETROVICH BOARD MEMBER 0.25 X 0 0 0 LILLIAN NICHOLS BOARD MEMBER 0.25 X 0 0 0 DUSAN STOJANOVIC BOARD MEMBER 0.25 X 0 0 0 ANN-GEE LEE BOARD MEMBER 0.25 X 0 0 0 ERICA VALLE BOARD MEMBER 2.00 X 0 0 0 0 0 0 0 0 0 0 0 90618 9684 100302 74 74 MISCELLANEOUS INCOME 459900 2224 2224 2224 102600 2298 0 0 55240 55240 4277 4277 3500 3500 2125 2125 466 466 4524 4524 3272 3272 UTILITIES 7539 7539 TELEPHONE 2624 2624 OFFICE SUPPLIES 1436 1436 DUES & SUBSCRIPITIONS 737 737 875 101 774 86615 63627 20863 2125 5429 20766 184482 94551 94456 89931 99885 110697 2931 909 15883 12732 18814 13641 X 81071 83056 14000 81071 97056 99885 110697 15985 0 X X 0 1 X 1 0 X 119539 93454 97371 93550 100302 504216 119539 93454 97371 93550 100302 504216 504216 504216 1.00000 1.00000 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 10000 10000 159126 80035 79091 15356 14516 840 89931 100302 0 100302 2298 2298 102600 86149 0 86149 466 466 86615 PART XI, LINE 4B - OTHER ADJUSTMENTS: MISCELLANEOUS INCOME INVESTMENT INCOME PART XII, LINE 4B - OTHER ADJUSTMENTS: INTEREST EXPENSE FORM 990, PART VI, SECTION B, LINE 11B THE DIRECTORS REVIEWS THE FORM FOR COMPLETENESS TO THE BEST OF HER UNDERSTANDING. FORM 990, PART VI, SECTION B, LINE 12C LITERACY COUNCIL OF WESTERN ARKANSAS, INC HAS ADOPTED AND CONTINUALLY MONITORED THEIR CONFLICT OF INTEREST POLICY. FORM 990, PART VI, SECTION B, LINE 15A LITERACY COUNCIL OF WESTERN ARKANSAS, INC SHALL ANNUALLY EVALUATE THE EXECUTIVE DIRECTOR ON HIS/HER PERFORMANCE, AND ASK FOR HIS/HER INPUT ON MATTERS OF PERFORMANCE AND COMPENSATION. BOARD APPROVAL. THE EXECUTIVE COMMITTEE WILL OBTAIN RESEARCH AND INFORMATION TO MAKE A RECOMMENDATION TO THE FULL BOARD FOR THE COMPENSATION (SALARY AND BENEFITS) OF THE EXECUTIVE DIRECTOR (AND OTHER HIGHLY COMPENSATED EMPLOYEES OR CONSULTANTS) BASED ON A REVIEW OF COMPARABILITY DATA. FOR EXAMPLE, THE [HUMAN RESOURCE/EXECUTIVE/COMPENSATION] COMMITTEE WILL SECURE DATA THAT DOCUMENTS COMPENSATION LEVELS AND BENEFITS FOR SIMILARLY QUALIFIED INDIVIDUALS IN COMPARABLE POSITIONS AT SIMILAR ORGANIZATIONS. THIS DATA MAY INCLUDE THE FOLLOWING: 1. SALARY AND BENEFIT COMPENSATION STUDIES BY INDEPENDENT SOURCES; 2. WRITTEN JOB OFFERS FOR POSITIONS AT SIMILAR ORGANIZATIONS; 3. DOCUMENTED TELEPHONE CALLS ABOUT SIMILAR POSITIONS AT BOTH NONPROFIT AND FOR-PROFIT ORGANIZATIONS; AND 4. INFORMATION OBTAINED FROM THE IRS FORM 990 FILINGS OF SIMILAR ORGANIZATIONS. CONCURRENT DOCUMENTATION. TO APPROVE THE COMPENSATION FOR THE EXECUTIVE DIRECTOR (AND OTHER HIGHLY COMPENSATED EMPLOYEES AND CONSULTANTS) THE BOARD MUST DOCUMENT HOW IT REACHED ITS DECISIONS, INCLUDING THE DATA ON WHICH IT RELIED, IN MINUTES OF THE MEETING DURING WHICH THE COMPENSATION WAS APPROVED. DOCUMENTATION WILL INCLUDE: A) A DESCRIPTION OF THE COMPENSATION AND BENEFITS AND THE DATE IT WAS APPROVED; B) THE MEMBERS OF THE BOARD WHO WERE PRESENT DURING THE DISCUSSION ABOUT COMPENSATION AND BENEFITS, AND THE RESULTS OF THE VOTE; C) A DESCRIPTION OF THE COMPARABILITY DATA RELIED UPON AND HOW THE DATA WAS OBTAINED; AND D) ANY ACTIONS TAKEN (SUCH AS ABSTAINING FROM DISCUSSION AND VOTE) WITH RESPECT TO CONSIDERATION OF THE COMPENSATION BY ANYONE WHO IS OTHERWISE A MEMBER OF THE BOARD BUT WHO HAD A CONFLICT OF INTEREST WITH RESPECT TO THE DECISION ON THE COMPENSATION AND BENEFITS. INDEPENDENCE IN SETTING COMPENSATION: THE CHAIR OF THE BOARD OF DIRECTORS, WHO IS A VOLUNTEER AND NOT COMPENSATED BY THE NONPROFIT, WILL OPERATE INDEPENDENTLY WITHOUT UNDUE INFLUENCE FROM THE EXECUTIVE DIRECTOR. FORM 990, PART VI, SECTION C, LINE 18 BY REQUEST FORM 990, PART VI, SECTION C, LINE 19 BY REQUEST PART XII - FINANCIAL STATEMENT AND REPORTING, LINE 2C NO CHANGE IN OVERSIGHT