2020-04-24T13:15:24-05:00 2019-08-31 BKD LLP 1155 Avenue of the Americas 1200 New York NY 10036 990 2018-09-01 134091062 READ Alliance Inc % DANIELLE GUINDO READ 6468676101 160 Broadway 8th Fl East Building New York NY 10038 DANIELLE GUINDO EXECUTIVE DIRECTOR 6468676101 2019-12-15 true Aaron Shapiro P01333816 2128674000 167.68.126.162 26511920201155000000 2020-04-24 P 8179D62D1CFBF1D3275E38CEA4F423D57C97B8CE 8BAB167CC20738F3D1E6B133BEB8A02CA90C437F 2018 2020-11-19 02:30:22Z DANIELLE GUINDO 160 BROADWAY 8TH FL EAST BLDN NEW YORK NY 10038 2312464 false X WWW.READALLIANCE.ORG X 1999 NY work to accelerate the educational trajectory of early elementary students through the power of teens who provide one-to-one literacy tutoring in under-resourced communities. 18 18 829 172 0 0 2053738 2227383 0 0 8434 5915 -4192 -23423 2057980 2209875 0 0 0 0 1246757 1533410 33170 0 276978 671735 709701 1951662 2243111 106318 -33236 1410585 1576057 60942 259650 1349643 1316407 X READ ALLIANCE, INC (READ) works to accelerate the educational trajectory of early elementary students through the power of teens who provide one-to-one literacy tutoring in under-resourced communities. READ IMPACTS TWO POPULATIONS SIMULTANEOUSLY, AND THROUGH A HIGHLY STRUCTURED, RESEARCH-BASED CURRICULUM, STUDENTS AVERAGE A FULL YEAR'S GROWTH IN READING AND THEIR TEEN TUTORS DEVELOP COLLEGE, CAREER, AND LIFE SKILLS. EARLY INTERVENTION PREVENTS READING DIFFICULTIES FROM BECOMING BARRIERS TO FUTURE SUCCESS, WHILE PROVIDING TEENS WITH THE OPPORTUNITY TO HAVE A POSITIVE DIRECT IMPACT ON THE LIVES OF CHILDREN IN THEIR COMMUNITIES THROUGH MEANINGFUL SERVICE AND JOBS. false false 1389237 AFTER-SCHOOL PROGRAM - READ alliance works to accelerate the educational trajectory of early elementary students through the power of teens who provide one-to-one literacy tutoring in under-resourced communities. DURING SCHOOL YEAR 2018-2019, READ SERVED 886 STUDENTS, AND THE AVERAGE READING GAIN WAS 1.17 GRADE LEVELS. READ PROVIDES TEENS WITH FORMAL TRAINING, VOLUNTEER OPPORTUNITIES, AND PAID JOBS AS individual reading tutors for THEIR YOUNGER PEERS. DURING SCHOOL YEAR 2018-2019, 851 TEENS WORKED AS READ TEEN LEADERS. 347127 SUMMER PROGRAM - READ'S SUMMER READING PROGRAM PROVIDES STRUCTURED ONE-TO-ONE TUTORING, AS WELL AS INSTRUCTION IN LISTENING, SPEAKING,WRITING AND ART. DURING SUMMER 2019, READ SERVED 109 STUDENTS, AND THE AVERAGE READING GAIN WAS 0.83 GRADE LEVELS. IN ADDITION, READ'S SUMMER READING PROGRAM PROVIDES TEENS WITH MEANINGFUL PAID SUMMER EMPLOYMENT. DURING SUMMER 2019, 90 TEENS WORKED AS TEEN LEADERS. 1736364 true true false false false false false false false false true false false true true false true false false false false false false false true false false false false false false false false false false false false false false false false false false false false false false true 9 0 829 true false false false false false true true false false false false false false X 18 18 false false false false false false false true true false false true true true true true true true false false CT NJ NY X X DANIELLE GUINDO 6468676104 160 BROADWAY 8TH FLOOR EAST BUILD NEW YORK NY 10038 Mark A Hemenetz chair 3.5 0.0 X X 0 0 0 Robert Brown Treasurer 2.0 0.0 X X 0 0 0 Michael Lubowitz Secretary 3.0 0.0 X X 0 0 0 Debjani Bagchi director 1.0 0.0 X 0 0 0 Adam Baxter Director 1.0 0.0 X 0 0 0 Marcia Cantarella Director 1.0 0.0 X 0 0 0 Eric Farina Director 1.0 0.0 X 0 0 0 Samuel Gradess director 1.0 0.0 X 0 0 0 Esther Judelson director 1.0 0.0 X 0 0 0 Mark Moore Director 1.0 0.0 X 0 0 0 Zoe Mountroukas Director 1.0 0.0 X 0 0 0 Peter Nkongho Director 1.0 0.0 X 0 0 0 Patrick Ramsey Director 1.0 0.0 X 0 0 0 Tom Regan Director 1.0 0.0 X 0 0 0 Richard Robinson Director 1.0 0.0 X 0 0 0 Peter Stein Director 1.0 0.0 X 0 0 0 Julie Sterling director 1.0 0.0 X 0 0 0 Jason Teeters director 1.0 0.0 X 0 0 0 DANIELLE GUINDO EXECUTIVE DIRECTOR 40.0 0.0 X 69961 0 6547 KELLEY PERKINS THRU 071618 EXECUTIVE DIRECTOR 40.0 0.0 X 86268 0 1061 Yvette Russell Chief Program Officer 40.0 0.0 X 99948 0 7413 AMY SOKAL THRU 05082019 DIRECTOR OF DEVELOPMENT 40.0 0.0 X 102696 0 5588 358873 0 20609 1 false false false 0 502859 303850 1420674 2227383 0 5915 5915 0 0 32070 25893 6177 0 6177 6177 0 37800 502859 76696 -38896 -38896 0 0 0 0 0 0 OTHER 900099 9296 9296 9296 2209875 -17508 0 0 0 0 305488 229116 61098 15274 0 1073896 951527 4826 117543 0 52608 44448 138 8022 101418 84122 5407 11889 0 2020 2020 15980 15980 0 0 0 210452 52746 88354 69352 0 80603 68752 2259 9592 32626 32626 0 212479 182383 9409 20687 0 0 0 0 0 19038 14575 1395 3068 88142 75658 3903 8581 FURNITURE MAINTENANCE 20880 17176 1158 2546 RECRUITMENT, RETENTION, EVALS 10362 8735 509 1118 MISCELLANEOUS 17119 7126 687 9306 2243111 1736364 229769 276978 34444 3440 972397 756424 244626 348427 0 0 0 0 0 0 0 0 0 0 88745 114086 161646 49876 9653 111770 0 0 0 0 0 0 0 0 60720 241910 1410585 1576057 39684 235235 0 0 0 0 0 0 0 0 0 0 0 0 0 0 21258 24415 60942 259650 X 1098393 1153657 251250 162750 0 0 1349643 1316407 1410585 1576057 -33236 X X false true X true false X 2256110 2131383 1915640 2053738 2227383 10584254 0 0 2256110 2131383 1915640 2053738 2227383 10584254 2148861 8435393 49762 59303 63249 78189 37985 288488 0 2891 208 9296 12395 10885137 0.77495 0.95260 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 112542 9299 103243 49104 40577 8527 111770 SECURITY DEPOSITS 79410 SETTLEMENTS RECEIVABLE 162500 241910 0 DEFERRED RENT 24415 24415 2421392 185624 185624 2235768 -25893 -25893 2209875 2454628 185624 185624 2269004 -25893 -25893 2243111 Part XI, line 4b Rental expenses -25,893 Part XII, line 4b Rental expenses -25,893 Stetwin Consulting Coordinate false spring benefit 540659 502859 37800 28125 28125 6425 14021 0 540659 502859 37800 28125 28125 6425 14021 76696 -38896 FORM 990, PART VI, SECTION B, LINE 11B MANAGEMENT AND ALL MEMBERS OF THE GOVERNING BOARD REVIEWED THE 990 PRIOR TO FILING WITH THE IRS. IF MEMBERS OF THE GOVERNING BOARD HAVE QUESTIONS ABOUT THE 990 THEY DISCUSS THEM WITH MANAGEMENT. FORM 990, PART VI, SECTION B, LINE 12C READ HAS DEVELOPED ITS CONFLICT OF INTEREST POLICY AND PERIODICALLY REVIEWS THE POLICY TO ENSURE THAT ALL ITS DIRECTORS AND OFFICERS CONTINUE TO ACT IN COMPLIANCE WITH APPLICABLE LAWS AND TO DEAL WITH ALL PERSONS DOING BUSINESS WITH READ APPROPRIATELY. THESE POLICIES ARE GUIDELINES TO PROTECT READ'S INTERESTS WHEN IT IS CONTEMPLATING ENTERING INTO A TRANSACTION OR ARRANGEMENT THAT MIGHT BENEFIT THE PRIVATE INTEREST OF AN OFFICER OR DIRECTOR OF THE CORPORATION. THESE POLICIES ARE INTENDED TO SUPPLEMENT BUT NOT REPLACE ANY APPLICABLE STATE LAWS GOVERNING CONFLICTS OF INTEREST AND PERMISSIBLE ACTIVITIES APPLICABLE TO NONPROFIT AND CHARITABLE CORPORATIONS. IN CONNECTION WITH ANY ACTUAL OR POSSIBLE CONFLICTS OF INTEREST, AN INTERESTED PERSON MUST DISCLOSE THE EXISTENCE AND NATURE OF HIS/HER FINANCIAL INTERESTS TO THE DIRECTORS AND MEMBERS OF COMMITTEES WITH BOARD DELEGATED POWERS CONSIDERING THE PROPOSED TRANSACTION OR ARRANGEMENT. AFTER DISCLOSURE OF THE FINANCIAL INTEREST, THE INTERESTED PERSON SHALL LEAVE THE BOARD OR COMMITTEE MEETING WHILE THE FINANCIAL INTEREST IS DISCUSSED AND VOTED UPON. THE REMAINING BOARD OR COMMITTEE MEMBERS SHALL DECIDE IF A CONFLICT OF INTEREST EXISTS. PROCEDURES FOR ADDRESSING THE CONFLICT OF INTEREST: A. THE EXECUTIVE DIRECTOR OF READ OR THE FINANCE COMMITTEE SHALL, IF APPROPRIATE, APPOINT A DISINTERESTED PERSON OR COMMITTEE TO INVESTIGATE ALTERNATIVES TO THE PROPOSED TRANSACTION OR ARRANGEMENT. B. AFTER EXERCISING DUE DILIGENCE, THE EXECUTIVE DIRECTOR OR THE FINANCE COMMITTEE SHALL DETERMINE WHETHER READ CAN OBTAIN A MORE ADVANTAGEOUS TRANSACTION OR ARRANGEMENT WITH REASONABLE EFFORTS FROM A PERSON OR ENTITY THAT WOULD NOT GIVE RISE TO A CONFLICT OF INTEREST. C. IF A MORE ADVANTAGEOUS TRANSACTION OR ARRANGEMENT IS NOT REASONABLY ATTAINABLE UNDER CIRCUMSTANCES THAT WOULD NOT GIVE RISE TO A CONFLICT OF INTEREST, THE BOARD OR COMMITTEE SHALL DETERMINE BY A MAJORITY VOTE OF THE DISINTERESTED DIRECTORS WHETHER THE TRANSACTION OR ARRANGEMENT IS IN THE BEST INTEREST AND FOR ITS OWN BENEFIT AND WHETHER THE TRANSACTION IS FAIR AND REASONABLE TO READ AND SHALL MAKE ITS DECISION AS TO WHETHER TO ENTER INTO THE TRANSACTION OR ARRANGEMENT IN CONFORMITY WITH SUCH A DETERMINATION. VIOLATIONS OF THE CONFLICT OF INTEREST POLICY: A. IF THE EXECUTIVE DIRECTOR OR THE FINANCE COMMITTEE HAS REASONABLE CAUSE TO BELIEVE THAT A MEMBER HAS FAILED TO DISCLOSE ACTUAL OR POSSIBLE CONFLICTS OF INTEREST, IT SHALL INFORM THE MEMBER OF THE BASIS FOR SUCH BELIEF AND AFFORD THE MEMBER AN OPPORTUNITY TO EXPLAIN THE ALLEGED FAILURE TO DISCLOSE. B. IF, AFTER HEARING THE RESPONSE OF THE MEMBER AND MAKING SUCH FURTHER INVESTIGATION AS MAY BE WARRANTED IN THE CIRCUMSTANCES, THE BOARD OR COMMITTEE DETERMINES THAT THE MEMBER HAS IN FACT FAILED TO DISCLOSE AN ACTUAL OR POSSIBLE CONFLICT OF INTEREST, IT SHALL TAKE APPROPRIATE DISCIPLINARY AND CORRECTIVE ACTION. EACH DIRECTOR, OFFICER AND MEMBER OF A COMMITTEE SHALL SIGN A STATEMENT WHICH AFFIRMS THAT SUCH PERSON: A. HAS RECEIVED A COPY OF THE CONFLICTS OF INTEREST POLICY B. HAS READ AND UNDERSTANDS THE POLICY C. HAS AGREED TO COMPLY WITH THE POLICY D. UNDERSTANDS THAT READ IS A NONPROFIT ORGANIZATION AND THAT IN ORDER TO MAINTAIN ITS FEDERAL TAX EXEMPTION IT MUST ENGAGE PRIMARILY IN ACTIVITIES WHICH ACCOMPLISH ONE OR MORE OF ITS TAX-EXEMPT PURPOSES. FORM 990, PART VI, SECTION B, LINE 15A READ'S EXECUTIVE COMMITTEE DETERMINES THE COMPENSATION FOR THE EXECUTIVE DIRECTOR USING DATA OBTAINED FROM THE 990 OF OTHER ORGANIZATIONS AND A SURVEY CONDUCTED BY PROFESSIONALS FOR NOT-FOR-PROFITS (PNP). THE DELIBERATION AND DECISION ARE MADE BY THE EXECUTIVE COMMITTEE. THE EXECUTIVE DIRECTOR'S FISCAL 2019 SALARY REVIEW WAS COMPLETED IN AUGUST 2018. ANOTHER REVIEW TOOK PLACE IN AUGUST 2019 FOR THE EXECUTIVE DIRECTOR'S FISCAL 2020 SALARY. FORM 990, PART VI, SECTION C, LINE 19 THESE DOCUMENTS ARE AVAILABLE UPON REQUEST. FORM 990, PART XII, LINE 2c THE PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR.