2022-03-04T15:11:59-06:00 2021-06-30 271728945 PKF O'CONNOR DAVIES LLP 245 PARK AVENUE NEW YORK NY 10167 990 2020-07-01 133666846 READ TO LEAD INC READ 8002580640 123 WILLIAM STREET 12TH FLOOR NEW YORK NY 10038 LEWIS W BERNARD CHAIRMAN 8002580640 2022-03-04 1 LEWIS BERNARD XXX-XX-XXXX GARRETT M HIGGINS P00543209 2122862600 2022-03-04 2 AAL1 IAL1 2020 2022-09-23 18:48:47Z LEWIS W BERNARD 123 WILLIAM STREET 12TH FLOOR NEW YORK NY 10038 3326158 0 X WWW.READTOLEAD.ORG X 1992 NY HELPING STUDENTS IN HIGH-POVERTY COMMUNITIES BUILD LITERACY AND LEADERSHIP SKILLS. BY CREATING DIGITAL LEARNING GAMES AND CURRICULUM SET IN THE PROFESSIONAL WORLD AND SUPPORTING EDUCATORS IN CREATING STUDENT-CENTERED CLASSROOMS, WE INVITE STUDENTS TO TAKE CHARGE OF THEIR LEARNING.READ TO LEAD, INC. BELIEVES THAT WHEN STUDENTS TAKE ON THE LEADERSHIP ROLE IN OUR LEARNING GAMES, THEY READ MORE CLOSELY, THINK CRITICALLY, AND BECOME BETTER PROBLEM SOLVERS. READ TO LEAD, INC.'S RESEARCH SHOWS THAT STUDENTS-ESPECIALLY THOSE STRUGGLING WITH LITERACY IMPROVE IN THEIR READING AND WRITING ACHIEVEMENT, FIND MOTIVATION IN BEING THE LEADER, AND SEE THE TRUE CONNECTION BETWEEN SCHOOL AND THEIR FUTURES. 13 13 19 16 0 0 3777488 3213738 54800 500 16465 12125 0 0 3848753 3226363 0 0 0 0 1578346 1412515 10863 0 629105 2228953 2292834 3818162 3705349 30591 -478986 7594942 6999794 769829 651609 6825113 6348185 X TO HELP STUDENTS IN HIGH-POVERTY COMMUNITIES DEVELOP LITERACY AND LEADERSHIP SKILLS. BY CREATING DIGITAL LEARNING GAMES AND CURRICULUM SET IN THE PROFESSIONAL WORLD AND SUPPORTING EDUCATORS IN CREATING STUDENT-CENTERED CLASSROOMS, WE INVITE STUDENTS TO TAKE CHARGE OF THEIR LEARNING. 0 0 1242095 0 0 CURRICULUM & RESOURCES FOR EDUCATORS: READ TO LEAD, INC. CREATES DIGITAL LEARNING GAMES AND CURRICULUM SET IN THE PROFESSIONAL WORLD THAT FOSTER STUDENTS' LITERACY AND LEADERSHIP SKILLS AND CONNECT SCHOOL TO LIFE IN THE WORKPLACE. OUR SUITE OF LITERACY LEARNING GAMES, THE READ TO LEAD SERIES, HELPS STUDENTS DEVELOP ADVANCED LITERACY SKILLS, INCREASES CAREER READINESS, AND BUILDS 21ST CENTURY SKILLS SUCH AS PERSISTENCE AND DECISION-MAKING. THE LEARNING GAMES, CURRICULUM, ALONG WITH PROFESSIONAL DEVELOPMENT RESOURCES FOR EDUCATORS ARE FREELY ACCESSIBLE ONLINE FOR BOTH SCHOOL DAY AND OUT-OF-SCHOOL TIME USE.THROUGH ITS DIGITAL PLATFORM, READ TO LEAD, INC. REACHES EDUCATORS AND STUDENTS NATIONWIDE. ANY EDUCATOR CAN REGISTER FOR FREE AND HAVE ACCESS TO READ TO LEAD, INC.'S LEARNING GAMES AND CURRICULUM. 1061006 0 500 DIRECT SUPPORT TO PARTNERS: READ TO LEAD, INC. PARTNERS WITH SCHOOLS AND COMMUNITY-BASED ORGANIZATIONS IN HIGH-POVERTY COMMUNITIES ACROSS THE UNITED STATES TO PROVIDE TURN-KEY CURRICULUM AND RESOURCES, ALONG WITH UNIQUE WORKPLACE LITERACY LEARNING GAME EXPERIENCES, TO SUPPORT SCHOOL DAY AND OUT-OF-SCHOOL TIME LEARNING AND ENGAGEMENT.IN ADDITION, TO IMPROVE STUDENT OUTCOME READ TO LEAD, INC. OFFERS EDUCATORS IN-PERSON AND VIRTUAL COACHING SUPPORT AND TRANSFORMS THE WAY EDUCATORS USE PROJECT-BASED AND PERSONALIZED LEARNING TOOLS. SOME OF READ TO LEAD, INC.'S SCHOOL PARTNER SITES ALSO SERVE AS OUR "LEARNING LABS," INFORMING OUR DIGITAL PRODUCTION AND ENSURING THAT WE ARE ALWAYS DESIGNING FROM REAL-LIFE EXPERIENCE. 336859 0 0 RESEARCH AND ASSESSMENT: READ TO LEAD, INC. CONDUCTS RESEARCH TO ASSESS THE IMPACT OF ITS PROGRAMS ON STUDENTS AND TO PROVIDE REGULAR FEEDBACK THAT ENABLES CONTINUOUS IMPROVEMENT. BOTH INTERNAL AND EXTERNAL EVALUATIONS HAVE CONSISTENTLY SHOWN THAT OUR PROGRAMS EFFECTIVELY IMPROVE STUDENTS' LITERACY, READING ATTITUDES AND BEHAVIORS, 21ST CENTURY SKILLS, AND COLLEGE - AND CAREER-READINESS. 2639960 1 1 0 0 0 0 0 0 0 1 1 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 1 34 0 19 1 0 0 0 0 0 0 0 0 0 0 0 0 X 13 13 0 1 1 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 AL AZ CA DC FL GA IL KS LA MA ME MD MI MN MO NH NM NY NC ND OR OK RI SC UT VA WV WI X X X PETER SCAGLIONE 8002580640 123 WILLIAM STREET 12TH FLOOR NEW YORK NY 10038 CHRISTINA OLIVER EXECUTIVE DIRECTOR 40.00 X 206168 0 10000 KEVIN BEDEAU VP, PRODUCT STRATEGY 40.00 X 167806 0 6357 NICHOLAS HAYNES MAN. DIR., DEVELOPMENT 40.00 X 147964 0 17604 KWAMARA THOMPSON MAN. DIR., PROGRAMS & PARTNERSHIPS 40.00 X 125583 0 16460 NICHOLAS OVERTON DIR., SOFTWARE ENGINEERING 40.00 X 111667 0 15795 ALISON TEPPER DIR., CONTENT & CURRICULUM 40.00 X 108562 0 15739 JULIANA HESS DIR., RESEARCH & STRATEGIC LEARNING 40.00 X 105533 0 11405 LEWIS W BERNARD CHAIRMAN 10.00 X X 0 0 0 CARL W TURNIPSEED TREASURER 2.00 X X 0 0 0 BEVERLY FANGER CHASE SECRETARY 5.00 X X 0 0 0 NICOLE CAMPBELL DIRECTOR 1.00 X 0 0 0 CHRISTINA CHIU DIRECTOR 1.00 X 0 0 0 BRIAN GOLDSTON DIRECTOR 1.00 X 0 0 0 JONATHAN FRIEDLAND DIRECTOR 1.00 X 0 0 0 LISA KENNEDY DIRECTOR 1.00 X 0 0 0 SHANNON KETE DIRECTOR 1.00 X 0 0 0 MICHAEL MCCORMICK DIRECTOR 1.00 X 0 0 0 MITA PATNAIK DIRECTOR 1.00 X 0 0 0 NICHOLAS RUDENSTINE DIRECTOR 1.00 X 0 0 0 CYNTHIA VANCE DIRECTOR 1.00 X 0 0 0 LORRAINE SHANLEY DIRECTOR (THRU DEC.2020) 1.00 X 0 0 0 973283 0 93360 7 0 1 0 YOUR PART-TIME CONTROLLER LLC 1500 WALNUT ST STE 1200 PHILADELPHIA PA 19102 ACCOUNTING SERVICES 174694 SAHAJ SOFTWARE SOLUTIONS INC 39899 BALENTINE DR STE 200 NEWARK CA 94560 SOFTWARE DEVELOPMENT 118250 ASTEA SOLUTIONS INC 445 ROUTE 304 BARDONIA NY 10954 SOFTWARE DEVELOPMENT 100800 3 500000 388098 2325640 99795 3213738 CONSULTATIONS 611710 500 500 500 1359 1359 110561 99795 10766 10766 10766 3226363 500 0 12125 X 385492 268984 24897 91611 803553 402261 89548 311744 47233 24860 4985 17388 64334 36223 6216 21895 111903 63009 10810 38084 85395 66287 12339 6769 39240 39240 689606 439049 183296 67261 85041 85041 118670 90853 16052 11765 85679 74772 5261 5646 406949 329291 37955 39703 296 236 59 1 562 449 112 1 708218 706428 875 915 21286 17217 1989 2080 STAFF DEVELOPMENT 36358 23076 1989 11293 REBRANDING EXPENSE 8821 5598 483 2740 OTHER PRODUCT SUPPLIES 4774 4774 REPAIRS AND MAINTENANCE 1850 1496 173 181 89 56 5 28 3705349 2639960 436284 629105 277532 451518 1556820 796826 2062981 1596679 7 8300 11755 7073 58061 43904 214789 162081 59664 52708 1736575 2172731 1831547 1870055 7594942 6999794 190920 424103 578909 227506 769829 651609 X 3785338 4264881 3039775 2083304 6825113 6348185 7594942 6999794 -478986 2058 0 X X 0 1 X 1 0 X 5076237 3603441 4863714 3777488 3213738 20534618 5076237 3603441 4863714 3777488 3213738 20534618 6256443 14278175 4122 8877 10629 11112 1359 36099 10124 10124 20580841 206985 0.69380 0.66060 X SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: BRAIN POP FEES - 2016 AMOUNT: $ 10,000. REBATE AND REFUND - 2016 AMOUNT: $ 124. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 250000 250000 250000 250000 250000 250000 250000 250000 250000 250000 0.00000 1.00000 0.00000 0 0 3207 798 2409 211582 161283 50299 52708 DEFERRED RENT PAYABLE 227506 227506 X 3382382 2058 153961 156019 3226363 0 3226363 3859310 153961 153961 3705349 0 3705349 PART V, LINE 4: THE ENDOWMENT CONSISTS ENTIRELY OF INDIVIDUAL DONOR-RESTRICTED FUNDS, IN THE AMOUNT OF $250,000, ESTABLISHED FOR A VARIETY OF PURPOSES, BUT NOT TO BE USED FOR THE ORGANIZATION'S GENERAL OPERATING EXPENSES. PART X, LINE 2: READ TO LEAD, INC. ("RTL") RECOGNIZES THE EFFECT OF INCOME TAX POSITIONS ONLY WHEN THEY ARE MORE LIKELY THAN NOT TO BE SUSTAINED. MANAGEMENT HAS DETERMINED THAT RTL HAD NO UNCERTAIN TAX POSITIONS THAT WOULD REQUIRE FINANCIAL STATEMENT RECOGNITION OR DISCLOSURE. RTL IS NO LONGER SUBJECT TO EXAMINATIONS BY THE APPLICABLE TAXING JURISDICTIONS FOR THE PERIODS PRIOR TO 2018. X X X 0 0 0 0 0 0 0 0 0 CHRISTINA OLIVER EXECUTIVE DIRECTOR 206168 0 0 0 0 0 10000 0 0 0 216168 0 0 0 KEVIN BEDEAU VP, PRODUCT STRATEGY 167806 0 0 0 0 0 6051 0 306 0 174163 0 0 0 NICHOLAS HAYNES MAN. DIR., DEVELOPMENT 147964 0 0 0 0 0 7269 0 10335 0 165568 0 0 0 X 1 99795 AVG. SELLING PRICE 0 0 1 0 PART I, COLUMN (B): THE ORGANIZATION IS REPORTING THE NUMBER OF CONTRIBUTORS IN PART I, COLUMN (B) OF SCHEDULE M. FORM 990, PART VI, SECTION A, LINE 3 THE ORGANIZATION USES ADP TOTALSOURCE ("TOTALSOURCE"), A PROFESSIONAL EMPLOYER ORGANIZATION ("PEO"), WHICH PROVIDES PROFESSIONAL EMPLOYER SERVICES TO READ TO LEAD, INC. IN THE PEO RELATIONSHIP, TOTALSOURCE AND READ TO LEAD, INC. SHARE CERTAIN RESPONSIBILITIES AND ALLOCATE OTHER EMPLOYER RESPONSIBILITIES INDIVIDUALLY. READ TO LEAD, INC. REMAINS AN EMPLOYER OF READ TO LEAD, INC.'S EMPLOYEES, AND TOTALSOURCE IS A CO-EMPLOYER. READ TO LEAD, INC. HAS DIRECTION AND CONTROL OVER EMPLOYEES AS IS NECESSARY TO CONDUCT ITS BUSINESS; DISCHARGE ANY FIDUCIARY RESPONSIBILITY IT MAY HAVE; AND COMPLY WITH ANY APPLICABLE LICENSURE, REGULATORY OR STATUTORY REQUIREMENT. IN ADDITION, READ TO LEAD, INC. HAS CONTROL OVER THE DAY-TO-DAY JOB DUTIES OF EMPLOYEES AND OVER THE JOB SITES AT WHICH OR FROM WHICH EMPLOYEES PERFORM SERVICES. TOTALSOURCE RESERVES A RIGHT OF DIRECTION AND CONTROL OVER EMPLOYEES AS IS NECESSARY TO FULFILL ITS OBLIGATIONS AND PROVIDE ITS SERVICES UNDER AN AGREEMENT BETWEEN READ TO LEAD, INC. AND TOTALSOURCE. TOTALSOURCE AND READ TO LEAD, INC. HAVE A RIGHT TO HIRE, DISCIPLINE, AND TERMINATE EMPLOYEES AS TO EACH ONE'S EMPLOYMENT RELATIONSHIP WITH THE EMPLOYEES. THE EXPENSES INCURRED IN FISCAL YEAR 2021 FOR TOTALSOURCE SERVICES WERE $85,935. FORM 990, PART VI, SECTION A, LINE 4 EFFECTIVE JANUARY 6, 2021, THE ORGANIZATION'S ARTICLES OF INCORPORATION AND BY-LAWS WERE AMENDED AND RESTATED TO REFLECT THE CHANGE OF THE ORGANIZATION'S NAME FROM CLASSROOM, INC. TO READ TO LEAD, INC. FORM 990, PART VI, SECTION B, LINE 11B THE ORGANIZATION HAS ITS FORM 990 PREPARED BY AN OUTSIDE ACCOUNTING FIRM AND HAS ESTABLISHED THE FOLLOWING REVIEW PROCESS TO ENSURE THAT THE INFORMATION REPORTED IS COMPLETE AND ACCURATE. WHEN THE FORM 990 HAS BEEN PREPARED, REVIEWED BY THE TREASURER AND IS READY TO BE FILED WITH THE INTERNAL REVENUE SERVICE, IT IS ELECTRONICALLY SENT TO THE AUDIT COMMITTEE FOR ANY COMMENTS. A COPY OF THE FORM 990 IS THEN EMAILED TO THE FULL BOARD OF DIRECTORS FOR THEIR REVIEW. THE DIRECTORS ARE ASKED TO PROVIDE ANY COMMENTS OR QUESTIONS TO THE TREASURER, WHICH ARE REVIEWED AND CONSIDERED AND THE FORM 990 IS UPDATED ACCORDINGLY, PRIOR TO FILING WITH THE IRS. FORM 990, PART VI, SECTION B, LINE 12C THE ORGANIZATION HAS A CONFLICT OF INTEREST POLICY THAT APPLIES TO ALL DIRECTORS, OFFICERS, AND KEY PERSONS. SUCH PERSONS ARE REQUIRED TO DISCLOSE ANY ACTUAL OR POTENTIAL CONFLICTS OF INTEREST ANNUALLY AND AS THEY MAY ARISE TO THE COMPLIANCE OFFICER OF THE AUDIT COMMITTEE. THE AUDIT COMMITTEE IS RESPONSIBLE FOR DETERMINING WHETHER A CONFLICT OF INTEREST EXISTS AND WHETHER OR NOT TO PROCEED WITH THE TRANSACTION. THE INTERESTED PERSON IS NOT PERMITTED TO VOTE ON OR EXERCISE ANY INFLUENCE ON THE DECISIONS. THE PROCEEDINGS ARE DOCUMENTED IN THE MINUTES OF THE MEETING." FORM 990, PART VI, SECTION B, LINE 15 THE COMPENSATION OF READ TO LEAD, INC.'S EXECUTIVE DIRECTOR IS DETERMINED BY THE COMPENSATION COMMITTEE, ONE OF THE GOVERNING COMMITTEES OF THE BOARD OF DIRECTORS. THE COMPENSATION COMMITTEE OF THE BOARD IS RESPONSIBLE FOR: 1) APPROVING YEAR-END COMPENSATION DECISIONS FOR THE ORGANIZATION INCLUDING MERIT INCREASES AND BONUSES; 2) APPROVING ANNUAL COMPENSATION FOR EMPLOYEES IN EXCESS OF $125,000; AND 3) APPROVING ANY MATERIAL CHANGES IN COMPENSATION PROGRAMS SUCH AS QUALIFIED RETIREMENT PLANS, MEDICAL, ETC. OFFICERS AND KEY EMPLOYEES INCLUDE ALL EMPLOYEES HOLDING POSITIONS OF SENIOR DIRECTOR AND ABOVE. THE COMPENSATION COMMITTEE IS CHAIRED BY AN INDEPENDENT VOTING MEMBER OF THE BOARD AND CONSISTS OF OTHER INDEPENDENT VOTING MEMBERS OF THE BOARD. THE COMMITTEE REVIEWS COMPENSATION OF COMPARABLE NONPROFIT ORGANIZATIONS, ECONOMIC CONDITIONS OF THE MARKETPLACE AND INDIVIDUAL PERFORMANCE TO DETERMINE COMPENSATION. THE COMMITTEE MEETS AS NECESSARY, BUT AT LEAST ONCE A YEAR, TO REVIEW ALL EMPLOYEE'S COMPENSATION, AND THE DELIBERATIONS AND DECISIONS ARE DOCUMENTED IN THE MINUTES OF THE MEETING. THE PROCESS WAS LAST UNDERTAKEN IN 2021 FORM 990, PART VI, SECTION C, LINE 19 READ TO LEAD, INC. POSTS ITS AUDITED FINANCIAL STATEMENTS AND FORM 990 ON ITS WEBSITE, PROVIDES COPIES ON REQUEST, AND MAKES THEM AVAILABLE FOR INSPECTION AT THE READ TO LEAD, INC.'S OFFICE. THE FORM 990 IS ALSO POSTED ON GUIDESTAR.ORG AND OTHER SIMILAR TYPES OF WEBSITES. THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS AND CONFLICT OF INTEREST POLICY AVAILABLE UPON REQUEST. FORM 990, PART IX, LINE 11G OTHER HONORARIA: PROGRAM SERVICE EXPENSES 1,350. MANAGEMENT AND GENERAL EXPENSES 116. FUNDRAISING EXPENSES 661. TOTAL EXPENSES 2,127. PROGRAM CONSULTANTS/OTHERS: PROGRAM SERVICE EXPENSES 356,640. MANAGEMENT AND GENERAL EXPENSES 182,769. FUNDRAISING EXPENSES 66,169. TOTAL EXPENSES 605,578. COACHES: PROGRAM SERVICE EXPENSES 77,493. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 77,493. RECRUITING & HIRING: PROGRAM SERVICE EXPENSES 3,566. MANAGEMENT AND GENERAL EXPENSES 411. FUNDRAISING EXPENSES 431. TOTAL EXPENSES 4,408. FORM 990, PART XII, LINE 2C: READ TO LEAD, INC. HAS A COMMITTEE THAT ASSUMES RESPONSIBILITY FOR THE OVERSIGHT OF THE AUDIT OF ITS FINANCIAL STATEMENTS AND THE SELECTION OF AN INDEPENDENT ACCOUNTANT. THE PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR.