2023-08-04T09:37:35-05:00 2022-12-31 941254756 HOOD & STRONG LLP 60 SO MARKET ST STE 200 SAN JOSE CA 95113 990 2022-01-01 272092468 WORLDREADERORG WORL 4155624840 2030 1ST AVE 300 SEATTLE WA 98121 REBECCA CHANDLER-LEEGE CEO 4155624840 2023-08-02 1 REBECCA CHANDLER-LEEGE 999009999 0 MAGA E KISRIEV P01008919 4089988400 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z WORLDREADER REBECCA CHANDLER-LEEGE 2030 1ST AVE 300 SEATTLE WA 98121 8762898 0 X WWW.WORLDREADER.ORG X 2010 WA A GLOBAL NONPROFIT WHOSE MISSION IS TO GET CHILDREN READING SO THEY CAN REACH THEIR POTENTIAL. 13 12 24 15 0 0 8276595 6300778 723096 587233 1136 -80330 16200 -9943 9017027 6797738 2163864 2228911 0 0 2085572 2976593 0 0 966276 2576430 2455844 6825866 7661348 2191161 -863610 11912107 10778368 1072551 802422 10839556 9975946 WORLDREADER IS A GLOBAL NONPROFIT WHOSE MISSION IS TO GET CHILDREN READING SO THEY CAN REACH THEIR POTENTIAL. 0 0 5265537 2228911 601633 IN 2022, WORLDREADER REACHED THE MILESTONE OF 21 MILLION CUMULATIVE READERS. THAT'S 21 MILLION PEOPLE IN OVER 100 COUNTRIES WHO HAVE EXPERIENCED THE BENEFITS OF READING TO REACH THEIR POTENTIAL. IN 2022 ALONE, WE REACHED 1.6 MILLION READERS AND DISTRIBUTED 6.3 MILLION BOOKS THROUGH STRONG RELATIONSHIPS WITH PARTNERS ACROSS SIX REGIONS (UNITED STATES, EAST AFRICA, WEST AFRICA, LATIN AMERICA, MENA, AND SOUTH ASIA). WORLDREADER IS ALWAYS LOOKING FOR PARTNERS TO REACH MILLIONS MORE. 5265537 1 1 0 0 0 0 0 0 0 1 1 0 0 0 0 1 0 1 0 0 1 1 0 0 1 0 0 0 0 1 0 0 0 0 0 0 0 0 1 0 0 0 0 1 1 0 0 0 1 25 0 1 24 1 0 0 0 0 0 0 0 0 0 0 0 0 X 13 12 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 AL AR CA CT FL GA HI IL KS KY MA MD MI MN MS NH NJ NM NY NC OR PA RI SC TN UT VA WV WI X X X SHANNON ATKINSON 4155624840 1211 FOLSOM ST 4TH FLOOR SAN FRANCISCO CA 94103 JOHN DAVID RISHER CEO 40.00 0.00 X X 84841 0 35705 CHRIS CAPOSSELA CHAIR OF THE BOARD 1.00 0.00 X X 0 0 0 KARTIK RAGHAVAN SECRETARY 1.00 0.00 X X 0 0 0 CHARLES BRIGHTON TREASURER 1.00 0.00 X X 0 0 0 PETER SPIRO DIRECTOR 1.00 0.00 X 0 0 0 KATE JAMES DIRECTOR 1.00 0.50 X 0 0 0 ELIZABETH KHURI CHANDLER DIRECTOR 1.00 0.00 X 0 0 0 ELIZABETH DOLLAR DIRECTOR 1.00 0.00 X 0 0 0 DANA REID DIRECTOR 1.00 0.00 X 0 0 0 ALISON RICH DIRECTOR 1.00 0.00 X 0 0 0 ERICKA LOCK DIRECTOR 1.00 0.00 X 0 0 0 PRASANNA KRISHNAN DIRECTOR 1.00 0.00 X 0 0 0 GRETCHEN SORENSON DIRECTOR 1.00 0.00 X 0 0 0 SHANNON ATKINSON CHIEF FINANCIAL OFFICER 40.00 0.00 X 158853 0 29511 REBECCA CHANDLER-LEEGE CHIEF IMPACT OFFICER 40.00 0.00 X 183758 0 8892 MELANIE WISE SR. DIRECTOR, MARKETING & COMM. 40.00 0.00 X 153693 0 7304 VERONICA GUTIERREZ SR. DIRECTOR, HUMAN RESOURCES 40.00 0.00 X 147420 0 7005 DEBORAH BACKUS SR. DRIRECTOR, GLOBAL IMPACT 40.00 0.00 X 145689 0 27111 BEA PERDUE SR. DIRECTOR, DEVELOPMENT 40.00 0.00 X 120692 0 22203 HEIDI WILIAMS DIRECTOR, ACCOUNTING & ADMIN 40.00 0.00 X 108197 0 16356 1103143 0 154087 8 0 1 0 0 435186 28206 5837386 144652 6300778 PROGRAM INCOME 611710 587233 587233 587233 32395 32395 1828092 1940817 -112725 -112725 -112725 0 435186 24343 -24343 -24343 OTHER INCOME 611710 14400 14400 14400 6797738 601633 0 -104673 X 2228911 2228911 662195 124591 363037 174567 1817976 898834 463861 455281 72434 37282 18547 16605 266263 138128 54451 73684 157725 86023 36209 35493 19115 19115 61676 61676 1177096 946144 163069 67883 134640 115988 18652 76077 7029 39408 29640 3145 1394 914 837 83112 37687 23696 21729 130104 35525 68646 25933 13550 9331 3508 711 234718 234718 16670 7559 4753 4358 SOFTWARE SUBSCRIPTIONS 260847 133650 86925 40272 READING SUPPLIES & CONT 116482 116482 TECHNOLOGY DEVELOPMENT 105861 105861 PROFESSIONAL DEVELOPMEN 21777 400 20746 631 974 974 7661348 5265537 1429535 966276 235562 67630 3201619 3402017 7154461 5699952 192705 13040 171322 221064 175668 175668 0 0 914476 1373202 41962 1463 11912107 10778368 430146 496906 316289 60078 326116 245438 1072551 802422 X 2337556 1894931 8502000 8081015 10839556 9975946 11912107 10778368 -863610 0 X 0 1 X 1 0 X 10060861 7426502 6604225 8276595 6300778 38668961 10060861 7426502 6604225 8276595 6300778 38668961 15242039 23426922 17013 31560 4509 523 32395 86000 38754961 3767809 0.60450 0.63500 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 200000 542 200542 0.00000 1.00000 0.00000 0 0 175668 175668 0 0 X PART V, LINE 4: THE ENDOWMENT IS RESTRICTED FOR THE ACQUISITION AND CREATION OF CHILDREN'S BOOKS FOR USE IN WORLDREADER'S BOOKSMART READING PROGRAM. PART X, LINE 2: WORLDREADER IS EXEMPT FROM FEDERAL INCOME TAXES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE (IRC) AND HAS BEEN CLASSIFIED AS AN ORGANIZATION WHICH IS NOT A PRIVATE FOUNDATION AS DEFINED BY SECTIONS 509(A)(1) AND 170(B)(I)(A)(VI) OF THE IRC. DIGITAL READING FOUNDATION IS FORMED IN INDIA UNDER SECTION 8 OF THE COMPANIES RULE WHICH DESIGNATES THE ORGANIZATION AS A NOT-FOR-PROFIT. THE DIGITAL READING FOUNDATION IS CURRENTLY IN THE PROCESS OF APPLYING FOR THEIR OFFICIAL TAX-EXEMPT STATUS. AS OF DECEMBER 31, 2022 AND 2021, MANAGEMENT HAS EVALUATED WORLDREADER'S TAX POSITIONS AND CONCLUDED THAT WORLDREADER HAD MAINTAINED ITS TAX-EXEMPT STATUS AND HAS NO UNCERTAIN TAX POSITIONS THAT REQUIRE ADJUSTMENT TO THE CONSOLIDATED FINANCIAL STATEMENTS. 1 EUROPE (INCLUDING ICELAND & GREENLAND) - ALBANIA, ANDORRA, AUSTRIA, BELGIUM 0 0 GRANTS TO RECIPIENTS LOCATED IN THE REGION 1296791 SUB-SAHARAN AFRICA - ANGOLA, BENIN, BOTSWANA, BURKINA FASO, 0 0 GRANTS TO RECIPIENTS LOCATED IN THE REGION 932120 0 0 0 0 0 0 2228911 0 2228911 EUROPE (INCLUDING ICELAND & GREENLAND) - ALBANIA, ANDORRA, AUSTRIA, BELGIUM GENERAL OPERATIONS, FUNDACION WORLD READER. 1296791 WIRE 0 SUB-SAHARAN AFRICA - ANGOLA, BENIN, BOTSWANA, BURKINA FASO, GENERAL OPERATIONS, WORLDREADER GHANA. 499505 WIRE 0 SUB-SAHARAN AFRICA - ANGOLA, BENIN, BOTSWANA, BURKINA FASO, GENERAL OPERATIONS, WORLDREADER KENYA. 432615 WIRE 0 3 0 1 0 1 0 0 0 PART I, LINE 2: WORLDREADER GRANTS WENT TO FOREIGN AFFILIATES IN SPAIN, GHANA AND KENYA. WORLDREADER REVIEWS THE FINANCIAL STATEMENTS OF THE AFFILIATE ENTITIES QUARTERLY AND CONTINUALLY MONITORS HOW GRANT FUNDS ARE SPENT. FURTHER, WORLDREADER HAS ENTERED INTO A GRANT AGREEMENT WITH ORGANIZACIN INTERMERICANA DE DESARROLLO HUMANO, A NON-PROFIT COMMUNITY CENTER IN PERU TO PROVIDE GENERAL OPERATIONS SUPPORT AND IMPLEMENT A DIGITAL READING PROGRAM AND INDEPENDENTLY EVALUATE EFFECTIVE BEHAVIOR CHANGE STRATEGIES TO ENCOURAGE A NEW CULTURE OF READING. PART III ACCOUNTING METHOD: SEATTLE BOARD FUNDRAISER 130660 130660 17007 2077 SF BOARD EVENT 304526 304526 5259 435186 435186 22266 2077 24343 -24343 X X X 0 0 0 0 0 0 0 0 0 REBECCA CHANDLER-LEEGE CHIEF IMPACT OFFICER 183758 0 0 0 0 0 8170 0 722 0 192650 0 0 0 SHANNON ATKINSON CHIEF FINANCIAL OFFICER 158853 0 0 0 0 0 7569 0 21942 0 188364 0 0 0 DEBORAH BACKUS SR. DRIRECTOR, GLOBAL IMPACT 145689 0 0 0 0 0 6384 0 20727 0 172800 0 0 0 MELANIE WISE SR. DIRECTOR, MARKETING & COMM. 153693 0 0 0 0 0 6645 0 659 0 160997 0 0 0 VERONICA GUTIERREZ SR. DIRECTOR, HUMAN RESOURCES 147420 0 0 0 0 0 6346 0 659 0 154425 0 0 0 X 4276 FMV X 5 140376 FMV 0 0 1 0 PART I, COLUMN (B): THIS COLUMN REPRESENTS THE NUMBER OF ITEMS DONATED. FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 WAS PREPARED BY THE OUTSIDE ACCOUNTANTS AND REVIEWED BY THE AUDIT COMMITTEE. A COPY OF THE FINAL FORM 990 WAS PROVIDED TO THE FULL BOARD PRIOR TO FILING WITH THE IRS. FORM 990, PART VI, SECTION B, LINE 12C ALL OFFICERS AND DIRECTORS ARE REQUIRED TO ANNUALLY SIGN THE CONFLICT OF INTEREST POLICY. IN CONNECTION WITH ANY ACTUAL OR POSSIBLE CONFLICT OF INTEREST, AN INTERESTED PERSON DISCLOSES THE EXISTENCE OF THE FINANCIAL INTEREST AND IS GIVEN THE OPPORTUNITY TO DISCLOSE ALL MATERIAL FACTS TO THE DIRECTORS AND MEMBERS OF COMMITTEES WITH GOVERNING BOARD DELEGATED POWERS CONSIDERING THE PROPOSED TRANSACTION OR ARRANGEMENT. AFTER DISCLOSURE OF THE FINANCIAL INTEREST AND ALL MATERIAL FACTS, AND AFTER DISCUSSION WITH THE INTERESTED PERSON, HE/SHE LEAVES THE GOVERNING BOARD OR COMMITTEE MEETING WHILE THE DETERMINATION OF A CONFLICT IS DISCUSSED AND VOTED UPON. THE REMAINING BOARD OR COMMITTEE MEMBERS DECIDE IF A CONFLICT OF INTEREST EXISTS. THE GOVERNING BOARD OR COMMITTEE DETERMINE WHETHER THE ORGANIZATION CAN OBTAIN WITH REASONABLE EFFORT A MORE ADVANTAGEOUS TRANSACTION OR ARRANGEMENT FROM A PERSON OR ENTITY THAT WOULD NOT GIVE RISE TO A CONFLICT OF INTEREST. IF A MORE ADVANTAGEOUS TRANSACTION OR ARRANGEMENT IS NOT REASONABLE OR POSSIBLE UNDER CIRCUMSTANCES NOT PRODUCING A CONFLICT OF INTEREST, THE GOVERNING BOARD OR COMMITTEE DETERMINE BY A MAJORITY VOTE OF THE DISINTERESTED DIRECTORS WHETHER THE TRANSACTION OR ARRANGEMENT IS IN THE ORGANIZATION'S BEST INTEREST, FOR ITS OWN BENEFIT, AND WHETHER IT IS FAIR AND REASONABLE. IN CONFORMITY WITH THE ABOVE DETERMINATION, IT MAKES A DECISION AS TO WHETHER TO ENTER INTO THE TRANSACTION OR ARRANGEMENT. FORM 990, PART VI, SECTION B, LINE 15 WORLDREADER'S BOARD SET THE PRESIDENT/CEO'S COMPENSATION USING EXTERNAL SALARY BENCHMARKING DATA AND DOCUMENT ITS DECLARATIONS AND CONCLUSIONS. COMPENSATION FOR ALL EMPLOYEES, INCLUDING SENIOR MANAGEMENT, IS SET BY THE PRESIDENT/CEO IN COOPERATION WITH THE DIRECTOR OF HUMAN RESOURCES AS DETERMINED BY MARKET BASED PAY SCALES AD JOB LEVEL RESPONSIBILITY. THE BOARD DOES NOT DIRECTLY DETERMINE OR APPROVE EACH EMPLOYEE'S COMPENSATION BUT DOES APPROVE THE BUDGET WHICH INCLUDES THESE SALARY FIGURES. THE LAST COMPENSATION REVIEW WAS PERFORMED IN THE FIRST QUARTER OF 2021. THE BOARD ALSO APPROVES THE CFO'S SALARY IN ACCORDANCE WITH THE CA NON-PROFIT INTEGRITY ACT. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST FOR THE SAME PERIOD OF TIME SET FORTH IN SEC. 6104(D). THE FINANCIAL STATEMENTS ARE ALSO AVAILABLE THROUGH THE ORGANIZATION'S WEBSITE, WWW.WORLDREADER.ORG. FORM 990, PART IX, LINE 11G SUBCONTRACTS: PROGRAM SERVICE EXPENSES 323,836. MANAGEMENT AND GENERAL EXPENSES 55,814. FUNDRAISING EXPENSES 23,234. TOTAL EXPENSES 402,884. CONSULTING FEES: PROGRAM SERVICE EXPENSES 394,549. MANAGEMENT AND GENERAL EXPENSES 68,001. FUNDRAISING EXPENSES 28,308. TOTAL EXPENSES 490,858. RECRUITING SERVICES: PROGRAM SERVICE EXPENSES 81,800. MANAGEMENT AND GENERAL EXPENSES 14,098. FUNDRAISING EXPENSES 5,869. TOTAL EXPENSES 101,767. TRANSLATION SERVICES: PROGRAM SERVICE EXPENSES 19,514. MANAGEMENT AND GENERAL EXPENSES 3,363. FUNDRAISING EXPENSES 1,400. TOTAL EXPENSES 24,277. PAYROLL SERVICES: PROGRAM SERVICE EXPENSES 9,111. MANAGEMENT AND GENERAL EXPENSES 1,570. FUNDRAISING EXPENSES 654. TOTAL EXPENSES 11,335. LONG-TERM CONTRACT COMPENSATION: PROGRAM SERVICE EXPENSES 117,334. MANAGEMENT AND GENERAL EXPENSES 20,223. FUNDRAISING EXPENSES 8,418. TOTAL EXPENSES 145,975. DIGITAL READING FOUNDATION HOUSE NO B 242 LOWER GROUND GREA NEW DELHI IN 110048 TO HELP THE WORLD READ IN 501(C)(3) WORLDREADERORG 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0