2019-05-29T12:48:06-05:00 2018-08-31 BKD LLP 655 Third Avenue 1200 New York NY 10017 990 2017-09-01 134091062 READ ALLIANCE INC % DANIELLE GUINDO READ 6468676101 160 BROADWAY 8TH FL EAST BUILDING NEW YORK NY 10038 DANIELLE GUINDO EXECUTIVE DIRECTOR 6468676101 2019-07-15 true Aaron Shapiro P01333816 2128674000 167.68.126.162 26511920191495000000 2019-05-29 P 46181A973F502F4BB51A66A6D566CF2254680C53 8179D62D1CFBF1D3275E38CEA4F423D57C97B8CE 2017 2019-02-21 02:37:17Z X DANIELLE GUINDO 160 BROADWAY 8TH FL EAST BLDN NEW YORK NY 10038 2153572 false X WWW.READALLIANCE.ORG X 1999 NY READ UTILIZES POWER OF TEEN LEADERSHIP TO IMPROVE THE EDUCATIONAL TRAJECTORY OF UNDERSERVED,EARLY ELEMENTARY STUDENTS THROUGH 1 TO 1 TUTORING IN FOUNDATIONAL READING. 19 19 947 118 0 7540 1915640 2053738 0 0 846 8434 -2016 -4192 1914470 2057980 0 0 0 0 1295532 1246757 55000 33170 251805 553414 671735 1903946 1951662 10524 106318 1323265 1410585 79940 60942 1243325 1349643 READ ALLIANCE, INC (READ) SERVES AT-RISK KINDERGARTEN, FIRST AND SECOND GRADE STUDENTS BY RECRUITING AND TRAINING TEENS TO PROVIDE STRUCTURED ONE-TO-ONE TUTORING IN READING. READ IMPACTS TWO AT-RISK 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. FUTURE SUCCESS, WHILE PROVIDING TEENS WITH THE OPPORTUNITY TO HAVE THE POSITIVE DIRECT IMPACT ON THE LIVES OF CHILDREN IN THEIR COMMUNITIES THROUGH MEANINGFUL SERVICE AND JOBS. false false 1187600 AFTER-SCHOOL PROGRAM - READ PROVIDES AT-RISK KINDERGARTEN, FIRST AND SECOND GRADE STUDENTS WITH STRUCTURED ONE-TO-ONE TUTORING. DURING SCHOOL YEAR 2017-2018, READ SERVED 795 STUDENTS, AND THE AVERAGE READING GAIN WAS 1.25 GRADE LEVELS. READ PROVIDES TEENS WITH FORMAL TRAINING, VOLUNTEER OPPORTUNITIES, AND PAID JOBS AS READING TUTORS TO THEIR YOUNGER PEERS. DURING SCHOOL YEAR 2017-2018, 798 TEENS WORKED AS READ TUTORS. 307514 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 2018, READ SERVED 154 STUDENTS, AND THE AVERAGE READING GAIN WAS 0.97 GRADE LEVELS. IN ADDITION, READ'S SUMMER READING PROGRAM PROVIDES TEENS WITH MEANINGFUL PAID SUMMER EMPLOYMENT. DURING SUMMER 2018, 130 TEENS WORKED AS READ TUTORS. 1495114 true true false false false false false false false true false false false true false true false false false false false false true true false false false false false false false false false false false false false false false false false false false false false false true 7 0 947 true false false false false false true true false false false false X 19 19 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 X MARK HEMENETZ CO-CHAIR 3.5 0.0 X X 0 0 0 THOMAS REGAN CO-CHAIR 3.5 0.0 X X 0 0 0 ROB BROWN TREASURER 2.0 0.0 X X 0 0 0 MICHAEL LUBOWITZ SECRETARY 3.5 0.0 X X 0 0 0 ADAM BAXTER DIRECTOR 1.0 0.0 X 0 0 0 DEBJANI BAGCHI 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 A GRADESS DIRECTOR 1.0 0.0 X 0 0 0 ESTHER JUDELSON DIRECTOR 1.0 0.0 X 0 0 0 BETSY MCKENNA DIRECTOR 1.0 0.0 X 0 0 0 KENNY MOORE DIRECTOR 1.0 0.0 X 0 0 0 MARK H MOORE DIRECTOR 1.0 0.0 X 0 0 0 PETER O NKONGHO DIRECTOR 1.0 0.0 X 0 0 0 PATRICK RAMSEY DIRECTOR 1.0 0.0 X 0 0 0 RICHARD H ROBINSON DIRECTOR 1.0 0.0 X 0 0 0 PETER STEIN DIRECTOR 1.0 0.0 X 0 0 0 JASON TEETERS DIRECTOR 1.0 0.0 X 0 0 0 Kelley Perkins until 71618 EXECUTIVE DIRECTOR 40.0 0.0 X 147462 0 0 Danielle Guindo from 71118 Executive Director 40.0 0.0 X 0 0 0 147462 0 0 1 false false false 0 481448 155500 1416790 2053738 0 8434 8434 0 0 69755 54790 14965 0 14965 14965 0 21645 481448 40802 -19157 -19157 0 0 0 0 0 0 0 2057980 4242 0 0 0 0 137615 96330 34404 6881 0 966132 817995 29081 119056 0 61876 49973 3696 8207 81134 65273 5293 10568 0 2990 1236 1128 626 13680 5654 5162 2864 0 33170 33170 0 229723 111776 102056 15891 0 65974 58134 2708 5132 0 0 210043 173950 11948 24145 6278 4974 435 869 0 0 0 0 26980 19876 2370 4734 86120 71359 4926 9835 FURNITURE MAINTENANCE 21102 17044 1354 2704 MISCELLANEOUS 8845 1540 182 7123 1951662 1495114 204743 251805 3331 34444 896648 972397 270735 244626 0 0 0 0 0 0 0 0 0 0 73825 88745 137892 128239 18006 9653 0 0 0 0 0 0 0 0 60720 60720 1323265 1410585 28586 39684 0 0 0 0 0 0 0 0 0 0 0 0 0 0 51354 21258 79940 60942 X 1028325 1098393 215000 251250 0 0 1243325 1349643 1323265 1410585 106318 X false true X true false X 2333609 2256110 2131383 1915640 2053738 10690480 0 0 2333609 2256110 2131383 1915640 2053738 10690480 219831 10470649 45088 49762 59303 63249 78189 295591 2390 2390 2891 208 3099 10991560 0.95261 0.75530 X 0.00000 40492 36346 4146 97400 91893 5507 9653 0 deferred rent 21258 21258 2258009 145239 54790 200029 2057980 2057980 2151691 145239 54790 200029 1951662 1951662 Part XI, LINE 2D: rental expenses Part XII, LINE 2D: rental expenses X X X X X X X true Stetwin Consulting 708 Third Avenue 6th floor New York NY 10017 Coordinate false 33170 33170 SEE EMAIL 503093 481448 21645 16925 16925 6952 0 503093 481448 21645 16925 16925 6952 40802 -19157 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 AND 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. 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 THE 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 PUPOSES. 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 IS RECORDED IN THE MINUTES OF THE EXECUTIVE COMMITTEE. THIS PROCESS WAS LAST DONE IN AUGUST 2016 FOR THE EXECUTIVE DIRECTOR'S FISCAL 2018 SALARY. DURING THE YEAR 2017-18 READ HIRED A NEW EXECUTIVE DIRECTOR AND THE SALARY FOR THE NEW EXECUTIVE DIRECTOR WAS BASED ON THE EXPERIENCE AND COMPARATIVE STUDY DONE IN 2017. FORM 990, PART VI, SECTION C, LINE 19 THESE DOCUMENTS ARE AVAILABLE UPON REQUEST. FORM 990 PART IX LINE 11G DESCRIPTION:OTHER TOTAL FEES:13603 FORM 990 PART IX LINE 11G DESCRIPTION:CONTRACTED PERSONNEL TOTAL FEES:180620 FORM 990 PART IX LINE 11G DESCRIPTION:EVENT PLANNER TOTAL FEES:35500