2021-07-21T16:56:29-05:00 2020-12-31 941254756 HOOD & STRONG LLP 275 BATTERY STREET STE 900 SAN FRANCISCO CA 94111 990 2020-01-01 272092468 WORLDREADERORG WORL 4155624840 2030 1ST AVE NO 300 SEATTLE WA 98121 JOHN DAVID RISHER CEO 4155624840 2021-07-21 1 JOHN DAVID RISHER 999009999 MAGA E KISRIEV P01008919 4157810793 3 AAL1 IAL1 2020 2022-09-23 18:48:47Z WORLDREADER JOHN DAVID RISHER 2030 1ST AVE NO 300 SEATTLE WA 98121 7856653 0 X WWW.WORLDREADER.ORG X 2010 WA WORLDREADER IS A GLOBAL NONPROFIT WHOSE MISSION IS TO HELP THE WORLD READ. 11 10 19 11 0 0 7426502 6604225 1056183 580996 31560 22991 0 14788 8514245 7223000 2646440 2166887 0 0 2096090 1597192 0 0 496211 3430617 3043732 8173147 6807811 341098 415189 9286425 9548410 1053219 900015 8233206 8648395 WORLDREADER WORKS GLOBALLY WITH PARTNERS TO SUPPORT VULNERABLE AND UNDERSERVED COMMUNITIES WITH DIGITAL READING SOLUTIONS THAT HELP IMPROVE LEARNING OUTCOMES, WORKFORCE READINESS, AND GENDER EQUITY. 0 0 5421992 2166887 595784 WORLDREADER BELIEVES THAT READERS BUILD A BETTER WORLD. A NONPROFIT WITH A LOW-COST, HIGH-TECH APPROACH, WORLDREADER COMBINES 21ST-CENTURY TECHNOLOGY, CULTURALLY RELEVANT DIGITAL BOOKS, AND SUPPORTIVE PROGRAMMING TO IMPROVE LEARNING OUTCOMES, WORKFORCE READINESS, AND GENDER EQUITY IN VULNERABLE COMMUNITIES AROUND THE WORLD. IN 2020, WORLDREADER AND ITS PARTNERS DISTRIBUTED 19.2 MILLION DIGITAL BOOKS TO 3.5 MILLION CHILDREN AND YOUNG ADULTS 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. 5421992 1 1 0 0 0 0 0 0 0 0 1 0 0 0 0 1 0 1 0 0 1 1 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 1 0 0 0 0 1 1 0 0 0 1 16 0 1 19 1 0 0 0 0 0 0 0 0 0 0 0 0 X 11 10 0 0 0 0 0 0 0 1 1 0 0 1 1 0 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 23660 0 12665 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 PETER SPIRO DIRECTOR 1.00 0.00 X 0 0 0 KATE JAMES DIRECTOR 1.00 0.00 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 CHARLES BRIGHTON DIRECTOR 1.00 0.00 X 0 0 0 ROY SWAN DIRECTOR 1.00 0.00 X 0 0 0 LISA NITZE DIRECTOR (THRU 5/31/2020) 1.00 1.00 X 0 0 0 SHANNON ATKINSON CHIEF FINANCIAL OFFICER 40.00 0.00 X 127980 0 23846 REBECCA CHANDLER-LEEGE CHIEF IMPACT OFFICER 40.00 0.00 X 149976 0 7684 VERONICA GUTIERREZ DIRECTOR OF HUMAN RESOURCES 40.00 0.00 X 103936 0 21963 405552 0 66158 3 0 1 0 0 271113 6333112 1447952 6604225 PROGRAM INCOME 900099 580996 580996 580996 4509 4509 652135 633653 18482 18482 18482 OTHER INCOME 900099 14788 14788 14788 7223000 595784 0 22991 2166887 2166887 470200 104035 256040 110125 921468 413947 274207 233314 28547 13602 9980 4965 101492 36104 48541 16847 75485 32271 23117 20097 8613 8613 61340 61340 547115 455024 53987 38104 1495 1495 47692 11613 20488 15591 2402 913 912 577 102111 36356 36963 28792 51726 33620 14568 3538 457 220 80 157 82479 82479 16239 5335 6679 4225 CONTENT AND KINDLES 1851477 1850743 134 600 TECHNOLOGY DEVELOPMENT 131192 131192 DUES & SUBSCRIPTIONS 129899 43207 68440 18252 9495 2949 5519 1027 6807811 5421992 889608 496211 82554 112971 2111831 1547691 6490945 7008568 7395 11394 278035 194640 175668 175668 0 0 246467 650477 69198 22669 9286425 9548410 261685 204837 377718 460440 413816 234738 1053219 900015 X 1377831 981888 6855375 7666507 8233206 8648395 9286425 9548410 415189 0 X 0 1 X 1 0 X 8373632 7589696 10060861 7426502 6604225 40054916 8373632 7589696 10060861 7426502 6604225 40054916 14467825 25587091 1830 10502 17013 31560 4509 65414 2174 501 2675 40123005 4180249 0.63770 0.59470 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 175668 175668 0 0 X 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 UNDER SECTION 8 OF THE COMPANIES RULE WHICH DESIGNATES THE ORGANIZATION AS A NOT-FOR-PROFIT IN INDIA. THE DIGITAL READING FOUNDATION IS CURRENTLY IN THE PROCESS OF APPLYING FOR THEIR OFFICIAL TAX-EXEMPT STATUS. WORLDREADER FOLLOWS THE GUIDANCE ON ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES ACCORDING TO FINANCIAL ACCOUNTING STANDARDS BOARD (FASB) ASC TOPIC 740. AS OF DECEMBER 31, 2020, MANAGEMENT HAS EVALUATED WORLDREADER'S TAX POSITIONS AND CONCLUDED THAT WORLDREADER HAD MAINTAINED IT 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 1552941 SUB-SAHARAN AFRICA - ANGOLA, BENIN, BOTSWANA, BURKINA FASO, 0 0 GRANTS TO RECIPIENTS LOCATED IN THE REGION 508946 SOUTH AMERICA - ARGENTINA, BOLIVIA, BRAZIL, CHILE, COLUMBIA, ECUADOR, 0 0 GRANTS TO RECIPIENTS LOCATED IN THE REGION 105000 0 0 0 0 0 0 2166887 0 2166887 EUROPE (INCLUDING ICELAND & GREENLAND) GENERAL OPERATIONS, FUNDACION WORLD READER. 1521271 WIRE SUB-SAHARAN AFRICA GENERAL OPERATIONS, WORLDREADER GHANA. 188810 WIRE SUB-SAHARAN AFRICA GENERAL OPERATIONS, WORLDREADER KENYA. 320136 WIRE SOUTH AMERICA GENERAL OPERATIONS 105000 WIRE EUROPE (INCLUDING ICELAND & GREENLAND) GENERAL OPERATIONS 31670 WIRE 5 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.AVIOR CHANGE STRATEGIES TO ENCOURAGE A NEW CULTURE OF READING. PART III ACCOUNTING METHOD: X X 0 0 0 0 0 0 0 0 0 SHANNON ATKINSON CHIEF FINANCIAL OFFICER 127980 0 0 0 0 0 6105 0 17741 0 151826 0 0 0 REBECCA CHANDLER-LEEGE CHIEF IMPACT OFFICER 149976 0 0 0 0 0 6780 0 904 0 157660 0 0 0 X 1075028 FMV X 5 72954 FMV X KINDLES 1 299970 FMV 0 0 1 0 PART I, COLUMN (B): THE NUMBER IN COLUMN B REPRESENTS THE NUMBER OF CONTRIBUTORS NOT 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 FEBRUARY 2017. THE BOARD ALSO APPROVES THE TREASURER'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. 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