2020-10-23T07:31:08-05:00 2019-12-31 941254756 HOOD & STRONG LLP 275 BATTERY ST STE 900 SAN FRANCISCO CA 94111 990 2019-01-01 272092468 WORLDREADERORG WORL 4155624840 2030 1ST AVE NO 300 SEATTLE WA 98121 JOHN DAVID RISHER CEO 4155624840 2020-10-22 1 MAGA E KISRIEV P01008919 4157810793 12.201.128.66 2020-10-22 12:28:57 PD P DA39A3EE5E6B4B0D3255BFEF95601890AFD80709 0FD9DDE82EC6D4B8065AB7615AF10F25757ED51F 2019 2021-01-29 14:40:06Z WORLDREADER JOHN DAVID RISHER 2030 1ST AVE NO 300 SEATTLE WA 98121 8514245 0 X WWW.WORLDREADER.ORG X 2010 WA WORLDREADER IS A GLOBAL NONPROFIT WHOSE MISSION IS TO HELP THE WORLD READ. 11 10 23 10 0 0 10060861 7426502 774913 1056183 17013 31560 0 0 10852787 8514245 2883447 2646440 0 0 2731654 2096090 0 0 689596 3968434 3430617 9583535 8173147 1269252 341098 8549200 9286425 657092 1053219 7892108 8233206 WORLDREADER'S PROGRAM PROVIDES CHILDREN AND THEIR FAMILIES WITH A FREE DIGITAL LIBRARY AVAILABLE ON TABLETS, E-READERS, AND MOBILE PHONES, COMPLEMENTED BY A SUITE OF READING SUPPORT TOOLS. SINCE 2010, MORE THAN 13 MILLION READERS ACROSS 50 COUNTRIES HAVE BEEN SUPPORTED. 0 0 6545393 2646440 1056183 WORLDREADER IS A GLOBAL NONPROFIT ORGANIZATION, WHOSE MISSION IS TO HELP THE WORLD READ THROUGH INCREASED ACCESSIBILITY TO DIGITAL BOOKS. THE ORGANIZATION PROVIDES STUDENTS AND THEIR FAMILIES WITH A FREE DIGITAL LIBRARY AVAILABLE ON TABLETS, E-READERS, AND MOBILE PHONES, COMPLEMENTED BY A SUITE OF READING SUPPORT PROGRAMS. SINCE 2010, MORE THAN 13 MILLION PEOPLE ACROSS 50 COUNTRIES HAVE READ FROM THE WORLDREADER DIGITAL LIBRARY OF THOUSANDS OF LOCAL AND INTERNATIONAL DIGITAL BOOKS IN 52 LANGUAGES. WORLDREADER WORKS WITH DEVICE MANUFACTURERS, LOCAL AND INTERNATIONAL PUBLISHERS, GOVERNMENT AGENCIES, EDUCATION OFFICIALS, AND LOCAL COMMUNITIES TO HELP READERS WORLDWIDE. 6545393 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 15 0 1 23 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 120000 0 26604 PETER SPIRO CHAIR OF THE BOARD 1.00 0.00 X X 0 0 0 CHRIS CAPOSSELA SECRETARY 1.00 0.00 X X 0 0 0 CHARLES BRIGHTON 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 KATE JAMES DIRECTOR 1.00 0.00 X 0 0 0 COLIN MCELWEE DIRECTOR 1.00 0.00 X 0 0 0 LISA NITZE DIRECTOR 1.00 1.00 X 0 0 0 KARTIK RAGHAVAN DIRECTOR 1.00 0.00 X 0 0 0 DANA REID DIRECTOR 1.00 0.00 X 0 0 0 SHANNON ATKINSON CHIEF FINANCIAL OFFICER 40.00 0.00 X 155000 0 34306 REBECCA CHANDLER-LEEGE CHIEF IMPACT OFFICER 40.00 0.00 X 170000 0 21756 TALEB SALHAB CHIEF ADV OFFICER (THRU 8/30/19) 40.00 0.00 X 165698 0 10843 LUBA BOTCHEVA SR. DIRECTOR OF IMPACT & EVALUATION 40.00 0.00 X 120050 0 30545 MELANIE WISE SR. DIRECTOR OF MARKETING & COMMS 40.00 0.00 X 106923 0 17247 BRIAN GOUGHERTY DIRECTOR OF INDIVIDUAL GIVING 40.00 0.00 X 101114 0 21411 938785 0 162712 7 0 1 0 0 7426502 1517642 7426502 PROGRAM INCOME 900099 1056183 1056183 1056183 31560 31560 8514245 1056183 0 31560 2646440 2646440 1206795 515041 351230 340524 769239 421069 166781 181389 21430 12204 4968 4258 43485 20123 15562 7800 55141 26285 13389 15467 4154 4154 61085 61085 580978 450030 109124 21824 50350 45122 5228 90762 50515 16668 23579 154214 83760 30178 40276 211022 103980 86688 20354 10242 5614 3707 921 6415 6415 13249 6273 3929 3047 CONTENT AND KINDLES 1313600 1313600 READING SUPPLIES & CONT 537082 529018 7944 120 DUES & SUBSCRIPTIONS 206444 126365 62313 17766 TECHNOLOGY DEVELOPMENT 177779 177779 13241 5760 438 7043 8173147 6545393 938158 689596 81915 82554 2312083 2111831 5822753 6490945 17673 7395 256274 278035 175668 175668 58502 0 0 246467 0 69198 8549200 9286425 485937 261685 0 377718 171155 413816 657092 1053219 X 884060 1377831 7008048 6855375 7892108 8233206 8549200 9286425 341098 0 X 0 1 X 1 0 X 10552733 8373632 7589696 10060861 7426502 44003424 10552733 8373632 7589696 10060861 7426502 44003424 17792193 26211231 7795 1830 10502 17013 31560 68700 1072 2174 501 3747 44075871 5112006 0.59470 0.65740 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. 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, 2019, 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 1927373 SUB-SAHARAN AFRICA - ANGOLA, BENIN, BOTSWANA, BURKINA FASO, 0 0 GRANTS TO RECIPIENTS LOCATED IN THE REGION 671567 SOUTH AMERICA 0 0 GRANTS TO RECIPIENTS LOCATED IN THE REGION 47500 0 0 0 0 0 0 2646440 0 2646440 EUROPE (INCLUDING ICELAND & GREENLAND) GENERAL OPERATIONS, FUNDACION WORLD READER. 1927373 WIRE SUB-SAHARAN AFRICA GENERAL OPERATIONS, WORLDREADER GHANA. 523219 WIRE SOUTH AMERICA GENERAL OPERATIONS. 47500 WIRE SUB-SAHARAN AFRICA - ANGOLA, BENIN, BOTSWANA, BURKINA FASO, GENERAL OPERATIONS 148348 WIRE 4 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 INTERAMERICANA 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: X X 1 0 0 0 0 0 0 0 0 SHANNON ATKINSON CHIEF FINANCIAL OFFICER 155000 0 0 0 0 0 6200 0 28106 0 189306 0 0 0 REBECCA CHANDLER-LEEGE CHIEF IMPACT OFFICER 170000 0 0 0 0 0 6800 0 14956 0 191756 0 0 0 TALEB SALHAB CHIEF ADV OFFICER (THRU 8/30/19) 135698 0 0 0 30000 0 5427 0 5416 0 176541 0 0 0 LUBA BOTCHEVA SR. DIRECTOR OF IMPACT & EVALUATION 120050 0 0 0 0 0 4802 0 25743 0 150595 0 0 0 PART I, LINE 4A TALEB SALHAB, CHIEF ADVANCEMENT OFFICER, RECEIVED $30,000 SEVERANCE PAYMENT IN 2019. X 901593 FMV X 5 262544 FMV X KINDLES 1 349965 FMV X WINE 1 3540 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 A, LINE 1 WORLDREADER HAS INDICATED THAT TEN MEMBERS OF THE BOARD OF DIRECTORS ARE INDEPENDENT. THIS CONCLUSION IS CONSISTENT WITH THE FORM 990 INSTRUCTIONS FOR THESE LINES. IN THE SPIRIT OF TRANSPARENCY, WORLDREADER WISHES TO PROVIDE ADDITIONAL INFORMATION REGARDING ONE OF THE MEMBERS OF THE BOARD OF DIRECTORS THAT IT FEELS IS IMPORTANT TO THE READER OF FORM 990. COLIN MCELWEE IS A FULL-TIME, PAID EMPLOYEE OF FUNDACION WORLDREADER, A SPANISH ENTITY THAT RECEIVES A MAJORITY OF ITS FUNDING FROM WORLDREADER. HE IS ALSO REPORTED ON FORM 990 PART VII AS BOTH A MEMBER OF THE BOARD AND AN OFFICER OF THAT ORGANIZATION. FUNDACION WORLDREADER IS NOT A RELATED ORGANIZATION UNDER THE DEFINITION PROVIDED IN THE FORM 990 INSTRUCTIONS; HOWEVER, IT IS AN ORGANIZATION WITH WHICH WORLDREADER HAS A CLOSE WORKING RELATIONSHIP. IF FUNDACION WORLDREADER WAS CONSIDERED A RELATED ORGANIZATION, MR. MCELWEE WOULD NOT BE CONSIDERED INDEPENDENT. 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