2018-08-27T07:25:05-05:00 2017-12-31 521392008 GELMAN ROSENBERG & FREEDMAN 4550 MONTGOMERY AVE SUITE 650N BETHESDA MD 208142930 990 2017-01-01 272092468 WORLDREADERORG WORL 4155624840 2030 1ST AVE NO 300 SEATTLE WA 98121 JOHN DAVID RISHER CEO 4155624840 2018-08-27 1 ROBERT ALBRECHT CPA P01003783 3019519090 2017 2022-09-23 18:48:47Z WORLDREADER JOHN DAVID RISHER 2030 1ST AVE NO 300 SEATTLE WA 98121 8941372 0 X WWW.WORLDREADER.ORG X 2010 WA SEE PART III, LINE 1. 13 12 34 17 0 0 8373632 7589696 412696 1340673 1830 10502 2174 501 8790332 8941372 2065046 2644603 0 0 2240642 2483086 0 0 621018 4449387 3807198 8755075 8934887 35257 6485 7671368 7696421 279301 297869 7392067 7398552 X WORLDREADER IS A GLOBAL NONPROFIT WHOSE MISSION IS TO HELP THE WORLD READ. THE ORGANIZATION PROVIDES STUDENTS AND THEIR FAMILIES WITH A FREE DIGITAL LIBRARY AVAILABLE ON E-READERS AND MOBILE PHONES, (CONTINUED ON SCHEDULE O)COMPLEMENTED WITH A SUITE OF READING SUPPORT PROGRAMS. SINCE 2010, OVER 8 MILLION PEOPLE ACROSS 48 COUNTRIES HAVE READ FROM THEIR DIGITAL LIBRARY OF OVER 35,000 LOCAL AND INTERNATIONAL E-BOOKS. FOUNDED IN 2010 BY FORMER MICROSOFT AND AMAZON EXECUTIVE DAVID RISHER, AND FORMER MARKETING DIRECTOR AT BARCELONA'S ESADE BUSINESS SCHOOL COLIN MCELWEE, WORLDREADER WORKS WITH DEVICE MANUFACTURERS, LOCAL AND INTERNATIONAL PUBLISHERS, GOVERNMENTS, EDUCATION OFFICIALS, AND LOCAL COMMUNITIES TO CREATE A WORLD WHERE EVERYONE IS A READER. FOR MORE INFORMATION ON WORLDREADER, PLEASE VISIT WWW.WORLDREADER.ORG. 0 0 6916754 2644603 1340673 USING E-READERS, MOBILE PHONES, AND OTHER DIGITAL TECHNOLOGY WORLDREADER REACHES PEOPLE IN OVER 50 COUNTRIES, PROVIDING THEM WITH 35,020 BOOK TITLES IN 43 LANGUAGES FROM AFRIKAANS TO SWAHILI. WE CURRENTLY WORK WITH OVER 419 PUBLISHERS FROM ALL OVER THE WORLD TO ACQUIRE AND DIGITIZE THE MOST COMPELLING AND RELEVANT CONTENT FOR OUR READERS. OVER 8 MILLION PEOPLE HAVE READ BOOKS AS A RESULT OF WORLDREADER'S WORK.(SEE SCHEDULE O FOR ADDITIONAL DETAIL) 6916754 1 1 0 0 0 0 0 0 0 0 1 0 0 0 0 1 1 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 1 1 0 0 0 1 15 0 1 34 1 0 0 0 0 0 0 0 0 0 0 X 13 12 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 0 0 AL AR CA CT FL GA HI IL KS KY MA MD MI MN MS NC NH NJ NM NY OR PA RI SC TN UT VA WI WV X X X SHANNON ATKINSON 4155624840 40 RINGOLD STREET SAN FRANCISCO CA 94103 JOHN DAVID RISHER PRESIDENT & CEO 40.00 X X 123016 0 12326 PETER SPIRO CHAIRMAN OF THE BOARD 1.00 X X 0 0 0 AIKO BETHEA SECRETARY 1.00 X X 0 0 0 TERRY ATKINSON DIRECTOR 1.00 X 0 0 0 CHRIS CAPOSSELA DIRECTOR 1.00 X 0 0 0 CHARLES BRIGHTON DIRECTOR 1.00 X 0 0 0 MARY CASE DIRECTOR 1.00 X 0 0 0 ELIZABETH KHURI CHANDLER DIRECTOR 1.00 X 0 0 0 COLIN MCELWEE DIRECTOR 1.00 X 0 0 0 HARRISON MILLER DIRECTOR 1.00 X 0 0 0 LISA NITZE DIRECTOR 1.00 X 0 0 0 KARTIK RAGHAVAN DIRECTOR 1.00 X 0 0 0 SUSAN COSTLEY SANDERSON DIRECTOR 1.00 X 0 0 0 SHANNON ATKINSON TREASURER & CFO 40.00 X 125216 0 11935 DROR MATALON DIRECTOR OF TECHNOLOGY 40.00 X 110854 0 14410 BRIAN GOUGHERTY DIRECTOR, DEVELOPMENT 40.00 X 103590 0 8385 SARAH JAFFE INTERIM CHIEF PROGRAM OFFICER 40.00 X 115636 0 8905 578312 0 55961 5 0 0 0 FISSION STRATEGY LLC PO BOX 128 MILL VALLEY CA 94942 PUBLIC RELATIONS 134838 1 7589696 1475510 7589696 PROGRAM INCOME 900099 1340673 1340673 1340673 10502 10502 MISCELLANEOUS 900099 501 501 501 8941372 1340673 0 11003 2644603 2644603 272493 204822 67671 1840074 960898 541811 337365 63498 34305 17860 11333 133990 67729 41403 24858 173031 79617 60364 33050 28 2267 -4095 1856 42110 42110 595962 538958 38721 18283 185113 43216 137530 4367 109558 92599 7108 9851 34728 18415 12734 3579 166410 79298 55491 31621 201066 113439 51399 36228 138101 114693 18532 4876 103269 48320 35158 19791 12353 4925 5175 2253 HARDWARE AND EQUIP. 1278369 1278195 144 30 READING SUP./CONTENT 727242 727181 61 SUBSCRIPTION 148052 55038 79859 13155 PROF. DEVELOPMENT 28878 1112 27757 9 35959 11946 23232 781 8934887 6916754 1397115 621018 62356 87409 3354506 1723984 4172402 5556053 29749 32343 7825 177439 468182 348989 44530 119193 7671368 7696421 79321 142619 199980 155250 279301 297869 X 1761459 542059 5630608 6856493 7392067 7398552 7671368 7696421 6485 0 X 0 1 X 1 0 X 3135341 5653224 10552733 8373632 7589696 35304626 3135341 5653224 10552733 8373632 7589696 35304626 9687283 25617343 472 2320 7795 1830 10502 22919 1072 2174 501 3747 35331292 3783668 0.72510 0.80590 X SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: MISCELLANEOUS - 2015 AMOUNT: $ 1,072. 2016 AMOUNT: $ 2,174. 2017 AMOUNT: $ 501. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 292514 290325 2189 175668 58664 117004 119193 X 9604441 663069 663069 8941372 0 8941372 9597956 663069 663069 8934887 0 8934887 PART X, LINE 2: FOR THE YEARS ENDED DECEMBER 31, 2017 AND 2016, WORLDREADER HAS DOCUMENTED ITS CONSIDERATION OF FASB ASC 740-10, INCOME TAXES, THAT PROVIDES GUIDANCE FOR REPORTING UNCERTAINTY IN INCOME TAXES AND HAS DETERMINED THAT NO MATERIAL UNCERTAIN TAX POSITIONS QUALIFY FOR EITHER RECOGNITION OR DISCLOSURE IN THE FINANCIAL STATEMENTS. 1 EUROPE 0 0 GRANTS TO RECIPIENTS LOCATED IN REGION 2199603 SUB-SAHARAN AFRICA 0 0 GRANTS TO RECIPIENTS LOCATED IN REGION 445000 0 0 0 0 0 0 2644603 0 2644603 EUROPE GENERAL OPERATIONS, FUNDACION WORLD READER. 2197556 WIRE 2047 COMPUTER RETAIL VALUE SUB-SAHARAN AFRICA GENERAL OPERATIONS, WORLDREADER GHANA. 445000 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 1034846 FMV X 1 27642 FMV X E-READER ACCESSORIES 1 237354 RETAIL VALUE X SOFTWARE 1 175668 FAIR MARKET VALUE 0 0 0 0 PART I, COLUMN (B): THE NUMBER IN COLUMN B REPRESENTS THE NUMBER OF CONTRIBUTORS WHO PROVIDED CONTRIBUTIONS TO THE ORGANIZATION FORM 990, PART III, LINE 4A: WORLDREADER'S THREE LARGEST PROGRAM SERVICES ARE: A PRE-READING PROGRAM - WORLDREADER'S FLAGSHIP PROJECT, READ TO KIDS INDIA WAS A 2-YEAR BEHAVIORAL AND CULTURAL CHANGE PROJECT IN NEW DELHI, INDIA, AIMED AT GETTING PARENTS AND CAREGIVERS TO READ TO THEIR YOUNG CHILDREN AGED 0 TO 8 TO DEVELOP THEIR CHILDREN'S PRE-LITERACY SKILLS AND IMPROVE SCHOOL READINESS. THIS PROJECT WAS A COLLABORATION WITH PEARSON PLC AND RESULTS FOR DEVELOPMENT, AS WELL AS CENTERS FOR KNOWLEDGE SOCIETY KATHA, PRATHAM BOOKS, AND A NUMBER OF OTHER INDIA-BASED PARTNERS. THE PROGRAM REACHED 200,000 FAMILIES AND HELPED 7,000 OF THEM CHANGE THEIR READING HABITS AND BECOME FREQUENT READERS. IN 2017, WORLDREADER ALSO LAUNCHED READ TO KIDS JORDAN, A PROGRAM AIMED AT IMPROVING ACCESS TO BOOKS AND INCREASING PARENTAL ENGAGEMENT IN LEARNING IN EIGHT SCHOOLS ACROSS EASTERN AMMAN. PRELIMINARY RESEARCH CARRIED OUT FOR THE PROJECT HAS SHOWN THAT PARENTS ARE PARTICULARLY WILLING TO ENGAGE IN A SUPPORTIVE READING AND LEARNING ACTIVITY WITH THEIR CHILDREN IF THIS ACTIVITY IS ASSIGNED BY THE SCHOOL. SCHOOL AND LIBRARY READING PROGRAMS: WORLDREADER HAS 100 SCHOOL READING PROJECTS WITH ACTIVITY IN 338 SCHOOLS AND 29 LIBRARY READING PROJECTS WITH ACTIVITY IN 96 COMMUNITY LIBRARIES. WORLDREADER'S SCHOOL AND LIBRARY READING PROGRAMS ARE ACTIVE IN 16 SUB SAHARAN AFRICAN COUNTRIES. STUDENTS IN WORLDREADER'S SCHOOL READING PROGRAM COULD READ 19-25 MORE CORRECT WORDS PER MINUTE AND THEIR READING COMPREHENSION DOUBLED IN THEIR MOTHER TONGUE AND ENGLISH AFTER 18 MONTHS IN WORLDREADER'S PROGRAM. IN ADDITION, LIBRARY ATTENDANCE IN KENYAN LIBRARIES HAS INCREASED BY 2.78 TIMES WITH THE INTRODUCTION OF WORLDREADER E-READERS LOADED WITH HUNDREDS OF LOCALLY-PUBLISHED AND INTERNATIONAL BOOKS VIA THE LEAP PROJECT. AT THE END OF THE FIRST PHASE OF THE LEAP PROJECT, 84% OF PATRONS SAID THEY READ MORE AS A RESULT OF THE INTRODUCTION OF E-READERS INTO THEIR LIBRARIES. LEAP'S IMPACT WENT BEYOND QUANTIFIABLE LIBRARY SERVICES. INDIVIDUAL LIBRARIANS EXPRESSED PROFESSIONAL DEVELOPMENT AND JOB CAPACITY GROWTH AS A RESULT OF THE DIGITAL READING TRAINING AND SUPPORT THEY RECEIVED. THROUGH ITS LIFELONG READING PROGRAM, WORLDREADER ALLOWS INDIVIDUALS WITH MOBILE PHONES TO READ BOOKS FOR FREE. 8 MILLION PEOPLE HAVE TAKEN ADVANTAGE OF THIS SERVICE SO FAR. LIFELONG READERS INCLUDE YOUNG WOMEN WHO USE THE PRIVACY OF READING ON A SCREEN TO READ REPRODUCTIVE HEALTH MATERIALS WITHOUT STIGMA, POST-SECONDARY STUDENTS WHO WISH TO ACCESS INFORMATION THAT FURTHERS THEIR KNOWLEDGE, AND PEOPLE WHO WISH TO PICK UP A NOVEL SO THEY CAN BE INSPIRED OR ENTERTAINED. USING LOW-COST TECHNOLOGY, CULTURALLY RELEVANT DIGITAL LIBRARIES, A GLOBAL NETWORK OF CORPORATE AND NONPROFIT PARTNERS AND SUPPOTIVE READING PROGRAMS, WORLDREADER HELPS MILLIONS OF CHILDREN AND THEIR FAMILIES READ FOR THE FIRST TIME AND THROUGHOUT THEIR LIFETIME - ULTIMATELY WORKING TOWARDS A WORLD IN WHICH EVERYONE CAN BE A READER. 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 ANY DISCUSSION WITH THE INTERESTED PERSON, HE/SHE LEAVES THE GOVERNING BOARD OR COMMITTEE MEETING WHILE THE DETERMINATION OF A CONFLICT OF INTEREST IS DISCUSSED AND VOTED UPON. THE REMAINING BOARD OR COMMITTEE MEMBERS DECIDE IF A CONFLICT OF INTEREST EXISTS. THE CHAIRPERSON OF THE GOVERNING BOARD OR COMMITTEE, IF APPROPRIATE, APPOINTS A DISINTERESTED PERSON OR COMMITTEE TO INVESTIGATE ALTERNATIVES TO THE PROPOSED TRANSACTION OR ARRANGEMENT. AFTER EXERCISING DUE DILIGENCE, THE GOVERNING BOARD OR COMMITTEE DETERMINE WHETHER THE ORGANIZATION CAN OBTAIN WITH REASONABLE EFFORTS 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 REASONABLY 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 MAKE A DECISION AS TO WHETHER TO ENTER INTO THE TRANSACTION OR ARRANGEMENT. FORM 990, PART VI, SECTION B, LINE 15A WORLDREADER'S BOARD SET THE PRESIDENT/CEO'S COMPENSATION, USING EXTERNAL SALARY BENCHMARKING DATA AND DOCUMENTED ITS DELIBERATIONS 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 AND JOB LEVEL AND 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. THE FINANCIAL STATEMENTS ARE ALSO AVAILABLE THROUGH THE ORGANIZATION'S WEBSITE, WWW.WORLDREADER.ORG. FORM 990, PART VI, LINES 1A AND 1B: WORLDREADER HAS INDICATED THAT TWELVE 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. DIGITAL READING FOUNDATION HOUSE NO B 242 LOWER GROUND GREA NEW DELHI IN 110048 TO HELP THE WORLD READ IN N/A N/A WORLDREADERORG 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0