Nonprofit · EIN 02-0498154
CHILDRENS LITERACY FOUNDATION
Tax-exempt · WATERBURY CTR, VT 05677
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2025 | 990 | $1,122,426 | $1,036,728 | $85,698 | $3,719,918 | $25,603 | $3,694,315 |
| June 30, 2024 | 990 | $1,045,185 | $1,027,872 | $17,313 | $3,617,357 | $20,151 | $3,597,206 |
| June 30, 2023 | 990 | $949,270 | $890,064 | $59,206 | $3,631,642 | $161,076 | $3,470,566 |
Financial details: 990 for the year ended June 30, 2025
Revenue
- Contributions, gifts and grants
- $1,012,117
- Program service revenue
- $0
- Investment income
- $110,309
- Net gain from sales of assets
- $59,263
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $95,649
- Other salaries and wages
- $262,443
- Salaries, compensation and benefits (total)
- $389,207
- Professional fundraising fees
- $0
- Accounting fees
- $15,890
- Travel
- $2,343
- Depreciation
- $52,093
- Program services (functional)
- $845,091
- Management and general (functional)
- $118,038
- Fundraising (functional)
- $73,599
Balance sheet and other
- Total assets, start of year
- $3,617,357
- Total assets, end of year
- $3,719,918
- Total liabilities, end of year
- $25,603
- Net assets, end of year
- $3,694,315
- Land, buildings and equipment
- $1,791,237
- Publicly traded securities
- $1,536,040
- Net assets without donor restrictions
- $3,545,506
- Net assets with donor restrictions
- $148,809
- Gross receipts
- $1,378,580
- Employees
- 7
- Volunteers
- 12
- Year formed
- 1998
- State of legal domicile
- VT
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended June 30, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| LAURA RICE | EXECUTIVE DI Officer | 40 | $97,470 |
| LISA FERNEAU | CHAIR Trustee or director, Officer | 4 | $0 |
| POSIE TAYLOR | VICE-CHAIR Trustee or director, Officer | 4 | $0 |
| KATHY MCGOWAN | TREASURER Trustee or director, Officer | 4 | $0 |
| JEREMY HARRINGTON | SECRETARY Trustee or director, Officer | 4 | $0 |
| ZACH HAGGERTY | DIRECTOR Trustee or director | 2 | $0 |
| SANDY KELSEY | DIRECTOR Trustee or director | 2 | $0 |
| S CAROLINE KERR | DIRECTOR Trustee or director | 2 | $0 |
| RICK MILLS | DIRECTOR Trustee or director | 2 | $0 |
| BLANCHE PODHAJSKI | DIRECTOR Trustee or director | 2 | $0 |
| MARY MARGARET SLOAN | DIRECTOR Trustee or director | 2 | $0 |
| CATHERINE LACEY | DIRECTOR Trustee or director | 2 | $0 |
| DREW ROCKWELL | DIRECTOR Trustee or director | 2 | $0 |
990 for the year ended June 30, 2024: 13 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| LAURA RICE | EXECUTIVE DI Officer | 40 | $78,000 |
| MARK BEAMS | CHAIR Trustee or director, Officer | 6 | $0 |
| POSIE TAYLOR | VICE-CHAIR Trustee or director, Officer | 6 | $0 |
| JOHN VOGEL | TREASURER Trustee or director, Officer | 6 | $0 |
| ZACH HAGGERTY | SECRETARY Trustee or director, Officer | 6 | $0 |
| LISA FERNEAU | DIRECTOR Trustee or director | 4 | $0 |
| JEREMY HARRINGTON | DIRECTOR Trustee or director | 4 | $0 |
| SANDY KELSEY | DIRECTOR Trustee or director | 4 | $0 |
| S CAROLINE KERR | DIRECTOR Trustee or director | 4 | $0 |
| KATHY MCGOWAN | DIRECTOR Trustee or director | 4 | $0 |
| RICK MILLS | DIRECTOR Trustee or director | 4 | $0 |
| BLANCHE PODHAJSKI | DIRECTOR Trustee or director | 4 | $0 |
| MARY MARGARET SLOAN | DIRECTOR Trustee or director | 4 | $0 |
990 for the year ended June 30, 2023: 13 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| DUNCAN MCDOUGALL | EXECUTIVE DI Officer | 50 | $73,500 | $21,481 |
| LAURA RICE | EXECUTIVE DI Officer | 40 | $0 | $0 |
| MARK BEAMS | CHAIR Trustee or director, Officer | 6 | $0 | $0 |
| POSIE TAYLOR | VICE-CHAIR Trustee or director, Officer | 6 | $0 | $0 |
| JOHN VOGEL | TREASURER Trustee or director, Officer | 6 | $0 | $0 |
| LESLIE WILLIAMSON | SECRETARY Trustee or director, Officer | 6 | $0 | $0 |
| LISA FERNEAU | DIRECTOR Trustee or director | 4 | $0 | $0 |
| ZACH HAGGERTY | DIRECTOR Trustee or director | 4 | $0 | $0 |
| DR SANDY KELSEY | DIRECTOR Trustee or director | 4 | $0 | $0 |
| KATHY MCGOWAN | DIRECTOR Trustee or director | 4 | $0 | $0 |
| RICK MILLS | DIRECTOR Trustee or director | 4 | $0 | $0 |
| KATHRYN ROBBINS | DIRECTOR Trustee or director | 4 | $0 | $0 |
| BLANCHE PODHAJSKI | DIRECTOR Trustee or director | 4 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 3579 WATERBURY STOWE RD, WATERBURY CTR, VT 05677-8127
- In care of
- % COMPUCOUNT AFFILIATE ACT
- Principal officer (990 for 2024)
- LAURA RICE, 3579 WATERBURY-STOWE ROAD, WATERBURY CENTER, VT 05677
- Signed the 990
- LAURA RICE, EXECUTIVE DIRECTOR
- Phone
- (802) 244-0944
- Website
- WWW.CLIFONLINE.ORG
- Return prepared by
- DAVIS & HODGDON ASSOCIATES CPAS PLC
Mission
CLIF'S 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 CLIF'S 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.
Program accomplishments
- THE CHILDREN'S LITERACY FOUNDATION (CLIF) OPERATES SEVEN LITERACY PROGRAMS FOR UNDER-RESOURCED CHILDREN UP TO AGE TWELVE IN NEW HAMPSHIRE AND VERMONT TO SUPPORT SUCCESS IN LEARNING AND LIFE. SERVING 20,000 CHILDREN EACH YEAR, THROUGH PARTNERSHIP WITH OVER 150 COMMUNITY ORGANIZATIONS, EACH OF CLIF'S PROGRAMS PROVIDES LITERACY EXPERIENCES AND NEW BOOKS TO CHILDREN WHO MAY NOT HAVE ACCESS TO SUCH OPPORTUNITIES. OVER 50,000 BOOKS WERE GIVEN AWAY TO CHILDREN THIS PAST YEAR. CLIF PROVIDES NEW BOOKS TO CLASSROOMS, COMMUNITY- BASED ORGANIZATIONS, AND CORRECTIONAL FACILITIES, AND NEW LIBRARY BOOKS TO SCHOOL AND COMMUNITY LIBRARIES. CLIF PROVIDES SUPPORT TO COMMUNITY PARTNERS FOR CREATIVE LITERACY PROJECTS WITH THE STUDENTS AND CHILDREN THEY SERVE. CLIF ALSO PROVIDES INFORMATION, RESOURCES, AND SEMINARS TO PARENTS AND CAREGIVERS SO THAT THEY MAY ENCOURAGE READING AND WRITING FOR CHILDREN. ADDITIONALLY, CLIF OFFERS PROFESSIONAL DEVELOPMENT FOR TEACHERS, LIBRARIANS, AND OTHERS THROUGH CONFERENCES AND AN ARRAY OF ONLINE RESOURCES. CLIF PROGRAMS ARE AS FOLLOWS: YEAR OF THE BOOK: THIS COMPREHENSIVE PROGRAM PROVIDES TEN SELECTED SCHOOLS WITH 25,000 IN LITERACY PROGRAMS WITH AUTHORS/ILLUSTRATORS, EDUCATOR SUPPORT AND NEW BOOKS FOR STUDENTS OVER THE COURSE OF THE SCHOOL YEAR. ONLY SCHOOLS WITH MORE THAN 35% OF THEIR STUDENTS ON FREE OR REDUCED LUNCH ARE ELIGIBLE. ALL YEAR OF THE BOOK PARTNERS ARE ELIGIBLE FOR 1000 IN FREE PROGRAMMING IN THE SUBSEQUENT YEAR TO MAINTAIN MOMENTUM IN LITERACY ENGAGEMENT. RURAL LIBRARIES: THIS PROGRAM SUPPORTS LIBRARIES THAT SERVICE TOWNS OF LESS THAN 5,000 PEOPLE. SELECTED LIBRARIES RECEIVE 2,000 IN NEW BOOKS AS WELL TWO LITERACY EVENTS, INCLUDING ONE AT THE LOCAL ELEMENTARY SCHOOL ALONG WITH BOOKS FOR THE SCHOOL'S LIBRARY AND A BOOK GIVEAWAY FOR THE STUDENTS. CHILDREN OF INCARCERATED ADULTS: THIS PROGRAM WORKS WITH FIVE PRISONS IN NH AND VT, PROVIDING SEMINARS TO THE INMATES ON THE IMPORTANCE OF CHILDREN'S LITERACY, BOOK DONATIONS TO THE FAMILY VISITING ROOM, AND FREE BOOKS CHOSEN BY THE INMATES AND SENT HOME TO THEIR CHILDREN. COMMUNITY LITERACY (FORMERLY KNOWN AS "AT-RISK YOUTH"): THIS PROGRAM PARTNERS WITH 20 COMMUNITY-BASED ORGANIZATIONS SERVING CHILDREN, INCLUDING: LOW-INCOME HOUSING, AFTER-SCHOOL PROGRAMS, CHILDCARE CENTERS, SUMMER CAMPS, AND ELL CLASSROOMS. THE CHILDREN ATTEND AN AUTHOR/ILLUSTRATOR PRESENTATION AND RECEIVE NEW BOOKS, CAREGIVERS ARE OFFERED INFORMATION OF CHILDREN'S LITERACY, AND THE ORGANIZATION RECEIVES NEW BOOKS TO KEEP ON-SITE. SUMMER READERS: THIS PROGRAM IS OFFERED TO ANY ELIGIBLE SUMMER PROGRAM IN NH OR VT WHICH SERVES CHILDREN FROM UNDER-RESOURCED COMMUNITIES. THE PROGRAM PROVIDES AN AUTHOR/ILLUSTRATOR PRESENTATION AND A BOOK GIVEAWAY. LITERACY ENRICHMENT (NEW IN 2024): THIS PROGRAM PROVIDES UP TO 1,000 IN FUNDING TO ANY ELIGIBLE COMMUNITY PARTNER FOR EXPERIENTIAL AND/OR CREATIVE PROGRAMMING DESIGNED TO BRING "LITERACY TO LIFE" FOR CHILDREN. SPARK (FORMERLY KNOWN AS "REVIVE"): THIS PROGRAM IS OFFERED TO ANY CLIF COMMUNITY PARTNER WHO HAS WORKED WITH CLIF WITHIN THE PAST THREE YEARS, PROVIDING 500 FOR THE ORGANIZATION TO USE IN LITERACY PROGRAMMING AS THEY CHOOSE.Expenses $845,091
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in June, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | June 30, 2026 | November 16, 2026 | Not due yet |
| 2024 | June 30, 2025 | November 17, 2025 | 990 on file |
| 2023 | June 30, 2024 | November 15, 2024 | 990 on file |
IRS record
- EIN
- 02-0498154
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (170(b)(1)(A)(vi))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 1998
- Accounting year ends
- June
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Education (B92)
- Assets (IRS master file)
- $3,719,918
- Income (IRS master file)
- $1,378,580
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | June 2025 | $1,122,426 | $1,036,728 | $3,719,918 | XML |
| 990 | June 2024 | $1,045,185 | $1,027,872 | $3,617,357 | XML |
| 990 | June 2023 | $949,270 | $890,064 | $3,631,642 | XML |
| 990 | June 2022 | $2,120,012 | $783,482 | $3,355,968 | IRS |
| 990 | June 2021 | – | – | – | IRS |
| 990 | June 2019 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 02-0498154).
Questions about CHILDRENS LITERACY FOUNDATION
- What is the EIN of CHILDRENS LITERACY FOUNDATION?
- The employer identification number (EIN) of CHILDRENS LITERACY FOUNDATION is 02-0498154.
- Is CHILDRENS LITERACY FOUNDATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1998.
- Are donations to CHILDRENS LITERACY FOUNDATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does CHILDRENS LITERACY FOUNDATION file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of CHILDRENS LITERACY FOUNDATION due?
- The return for tax year 2025 (the year ending June 30, 2026) is due November 16, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did CHILDRENS LITERACY FOUNDATION last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended June 2025.
- Who is the principal officer of CHILDRENS LITERACY FOUNDATION?
- The 990 for the year ended June 30, 2025 names LAURA RICE.
- Who are the officers and directors of CHILDRENS LITERACY FOUNDATION?
- The 990 for the year ended June 30, 2025 lists 13 people; 1 received compensation from the organization, the highest $97,470 (LAURA RICE, EXECUTIVE DI).
- How much revenue does CHILDRENS LITERACY FOUNDATION have?
- On its 990 for the year ended June 30, 2025 it reported revenue of $1,122,426, expenses of $1,036,728 and total assets of $3,719,918 at year end.
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