2019-11-14T13:36:19-06:00 2018-12-31 941254756 HOOD & STRONG LLP 275 BATTERY ST STE 900 SAN FRANCISCO CA 94111 990 2018-01-01 272092468 WORLDREADERORG WORL 4155624840 2030 1ST AVE NO 300 SEATTLE WA 98121 JOHN DAVID RISHER CEO 4155624840 2019-11-13 1 MAGA E KISRIEV P01008919 4157810793 73.70.253.168 2019-11-13 11:14:09 PS P 467FF28CFBEC4F453DE6EB685AA6CC568D07C7B3 6C9B1A35775087DBDB8A6D25ECA509C7F6C27838 2018 2020-03-31 21:24:44Z WORLDREADER JOHN DAVID RISHER 2030 1ST AVE NO 300 SEATTLE WA 98121 10852787 0 X WWW.WORLDREADER.ORG X 2010 WA WORLDREADER IS A GLOBAL NONPROFIT WHOSE MISSION IS TO HELP THE WORLD READ. 11 10 30 11 0 10369 7589696 10060861 1340673 774913 10502 17013 501 0 8941372 10852787 2644603 2883447 0 0 2483086 2731654 0 0 1023935 3807198 3968434 8934887 9583535 6485 1269252 7696421 8549200 297869 657092 7398552 7892108 X WORLDREADER'S PROGRAM 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 12 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. 0 0 7420245 2883447 774913 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 12 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. 7420245 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 11 0 1 30 1 1 1 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 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 40 RINGOLD STREET SAN FRANCISCO CA 94103 JOHN DAVID RISHER CEO 40.00 0.00 X X 101200 0 14053 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 MARY CASE DIRECTOR 1.00 0.00 X 0 0 0 ELIZABETH KHURI CHANDLER DIRECTOR 1.00 0.00 X 0 0 0 COLIN MCELWEE DIRECTOR 1.00 0.00 X 0 0 0 HARRISON MILLER DIRECTOR (THRU 11/30/18) 1.00 0.00 X 0 0 0 LISA NITZE DIRECTOR 1.00 0.75 X 0 0 0 KARTIK RAGHAVAN DIRECTOR 1.00 0.00 X 0 0 0 SUSAN COSTLEY SANDERSON DIRECTOR 1.00 0.00 X 0 0 0 KATE JAMES DIRECTOR 1.00 0.00 X 0 0 0 SHANNON ATKINSON TREASURER & CFO 40.00 0.00 X 136340 0 20863 TALEB SALHAB CHIEF ADVANCEMENT OFFICER 40.00 0.00 X 180000 0 7200 SUSAN RIMERMAN DIRECTOR, GLOBAL CONTENT 40.00 0.00 X 103810 0 14906 521350 0 57022 4 0 1 0 0 10060861 1562559 10060861 PROGRAM INCOME 900099 774913 774913 774913 17013 17013 10852787 774913 0 17013 2883447 2883447 622940 108061 307036 207843 1815427 1030314 379737 405376 60044 32853 12555 14636 105440 61692 22062 21686 127803 69963 26724 31116 9584 9584 36589 36589 543701 482778 56289 4634 33457 30480 227 2750 179676 133511 17322 28843 4399 2670 1070 659 194526 90609 60364 43553 305499 151345 113151 41003 37667 19802 10141 7724 13318 6215 4126 2977 DONATED CONTENT AND KIN 1620989 1620989 READING SUPPLIES & CONT 490776 490726 50 UNCOLLECTIBLE CONTRIBUT 194268 194268 SOFTWARE & SUBSCRIPTION 152702 64752 71133 16817 151283 140038 11245 9583535 7420245 1139355 1023935 87409 81915 1723984 2312083 5556053 5822753 32343 17673 177439 256274 175668 117166 119193 58502 7696421 8549200 142619 485937 155250 171155 297869 657092 X 542059 884060 6856493 7008048 7398552 7892108 7696421 8549200 1269252 -775696 0 X 0 1 X 1 0 X 5653224 10552733 8373632 7589696 10060861 42230146 5653224 10552733 8373632 7589696 10060861 42230146 14439650 27790496 2320 7795 1830 10502 17013 39460 1072 2174 501 3747 42273353 4311825 0.65740 0.72510 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 175668 117166 58502 58502 X PART X, LINE 2: WORLDREADER IS EXEMPT FROM FEDERAL INCOME TAXES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. WORLDREADER IS NOT A PRIVATE FOUNDATION. 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-EXEMPTSTATUS. WORLDREADER FOLLOWS THE GUIDANCE ON ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES ACCORDING TO FINANCIAL ACCOUNTING STANDARDS BOARD (FASB) ACCOUNTING STANDARDS CODIFICATION TOPIC 740. AS OF DECEMBER 31, 2018, 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) 0 0 GRANTS TO RECIPIENTS LOCATED IN THE REGION. 2460697 SUB-SAHARAN AFRICA 0 0 GRANTS TO RECIPIENTS LOCATED IN THE REGION 422750 0 0 0 0 0 0 2883447 0 2883447 EUROPE (INCLUDING ICELAND & GREENLAND) GENERAL OPERATIONS, FUNDACION WORLD READER. 2460697 WIRE SUB-SAHARAN AFRICA GENERAL OPERATIONS, WORLDREADER GHANA. 422750 WIRE 2 0 1 0 1 0 0 0 PART I, LINE 2: WORLDREADER GRANTS WENT TO FOREIGN AFFILIATES IN SPAIN AND GHANA. WORLDREADER REVIEWS THE FINANCIAL STATEMENTS OF THE AFFILIATE ENTITIES QUARTERLY AND CONTINUALLY MONITORS HOW GRANT FUNDS ARE SPENT. X X 0 0 0 0 0 0 0 0 0 SHANNON ATKINSON TREASURER & CFO 136340 0 0 0 0 0 5546 0 15317 0 157203 0 0 0 TALEB SALHAB CHIEF ADVANCEMENT OFFICER 180000 0 0 0 0 0 7200 0 0 0 187200 0 0 0 X 1212594 FMV X KINDLES 1 349965 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 FINANCE 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