2018-03-20T14:00:11-05:00 2017-08-31 131517563 LOEB & TROPER LLP 655 THIRD AVENUE 12TH FLOOR NEW YORK NY 10017 990 2016-09-01 134091062 READ ALLIANCE INC READ 6468676101 80 MAIDEN LANE 11TH FLOOR NEW YORK NY 10038 KELLEY PERKINS EXECUTIVE DIRECTOR 6468676101 2018-03-13 1 AARON SHAPIRO P01333816 2128674000 38.98.118.70 2018-03-19 15:40:04 ED P D7076C0EC39B17C3336BFEA465ABF20A32036F2A 73A2BDB4DEE3E1301F7FB9DCBA9193E2BC5F7900 2016 2021-01-29 14:40:06Z KELLEY PERKINS 80 MAIDEN LANE 11TH FLOOR NEW YORK NY 10038 1993897 0 X WWW.READALLIANCE.ORG X 1999 NY THE MISSION OF READ ALLIANCE, INC. IS TO PREPARE AT-RISK CHILDREN TO READ AT GRADE LEVEL. 16 16 1190 99 0 0 2131383 1915640 0 0 93 846 -381 -2016 2131095 1914470 0 0 0 0 1584111 1295532 33000 55000 261309 509476 553414 2126587 1903946 4508 10524 1337683 1323265 104882 79940 1232801 1243325 X 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. 0 0 1202933 AFTER-SCHOOL PROGRAM - READ PROVIDES AT-RISK KINDERGARTEN, FIRST AND SECOND GRADE STUDENTS WITH STRUCTURED ONE-TO-ONE TUTORING. DURING SCHOOL YEAR 2016-2017, READ SERVED 911 STUDENTS, AND THE AVERAGE READING GAIN WAS 1.32 GRADE LEVELS. READ PROVIDES TEENS WITH FORMAL TRAINING, VOLUNTEER OPPORTUNITIES, AND PAID JOBS AS READING TUTORS TO THEIR YOUNGER PEERS. DURING SCHOOL YEAR 2016-2017, 677 TEENS WORKED AS READ TUTORS. 263042 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 2017, READ SERVED 141 STUDENTS, AND THE AVERAGE READING GAIN WAS 1.05 GRADE LEVELS. IN ADDITION, READ'S SUMMER READING PROGRAM PROVIDES TEENS WITH MEANINGFUL PAID SUMMER EMPLOYMENT. DURING SUMMER 2017, 121 TEENS WORKED AS READ TUTORS. 1465975 1 1 0 0 0 0 0 0 0 0 1 0 0 0 1 1 1 0 0 0 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 5 0 1190 1 0 0 0 0 0 1 1 0 0 0 0 X 16 16 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 0 0 NY NJ CT X X KELLEY PERKINS 6468676104 80 MAIDEN LANE 11TH FLOOR NEW YORK NY 10038 THOMAS REGAN CHAIRMAN 3.50 X X 0 0 0 ROBERT S BROWN TREASURER 2.00 X X 0 0 0 SHEILA MURPHY SECRETARY (UNTIL JUNE 2017) 3.50 X X 0 0 0 MICHAEL LUBOWITZ SECRETARY (FROM JUNE 2017) 1.00 X X 0 0 0 ALAIN LEBEC TRUSTEE 2.00 X 0 0 0 SAMUEL A GRADESS TRUSTEE 1.00 X 0 0 0 GORDON A PARIS TRUSTEE (UNTIL JAN 2017) 1.00 X 0 0 0 MARK A HEMENETZ TRUSTEE 1.00 X 0 0 0 PATRICK RAMSEY TRUSTEE 1.00 X 0 0 0 ESTHER JUDELSON TRUSTEE 1.00 X 0 0 0 MARK MOORE TRUSTEE 1.00 X 0 0 0 PETER STEIN TRUSTEE 1.00 X 0 0 0 MARCIA CANTARELLA TRUSTEE 1.00 X 0 0 0 PETER NKONGHO TRUSTEE 1.00 X 0 0 0 JASON TEETERS TRUSTEE 1.00 X 0 0 0 BESTY MCKENNA TRUSTEE 1.00 X 0 0 0 ADAM BAXTER TRUSTEE 1.00 X 0 0 0 RICHARD H ROBINSON TRUSTEE 1.00 X 0 0 0 KELLEY PERKINS EXECUTIVE DIRECTOR 40.00 X 144569 0 1767 MEGAN BLUE DIRECTOR OF DEVELOPMENT 40.00 X 116715 0 0 261284 0 1767 2 0 0 0 0 78741 387735 320494 1128670 1915640 846 846 62403 54790 7613 7613 7613 14800 387735 24637 -9837 -9837 OTHER 900099 208 208 208 1914470 0 0 -1170 148993 104295 37248 7450 968564 823343 28339 116882 90347 72399 5923 12025 87628 70055 6045 11528 12775 12775 55000 55000 160815 81716 64779 14320 6958 6043 315 600 85550 74917 3899 6734 206142 171151 12038 22953 8372 7092 440 840 23603 17579 2072 3952 40873 33935 2387 4551 8326 3450 402 4474 1903946 1465975 176662 261309 12306 3331 951578 896648 235447 270735 36023 73825 119265 101259 41609 18006 60720 60720 1337683 1323265 30452 28586 74430 51354 104882 79940 X 975301 1028325 257500 215000 1232801 1243325 1337683 1323265 10524 0 X X 0 1 X 1 0 X 1547624 2333609 2256110 2131383 1915640 10184366 1547624 2333609 2256110 2131383 1915640 10184366 2299157 7885209 61 45088 49762 59303 63249 217463 2177 2390 4567 29891 2891 208 32990 10439386 0.75530 0.80630 X SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: OTHER RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 21865 20803 1062 97400 80456 16944 18006 DEFERRED RENT 51354 51354 X 2136242 166982 54790 221772 1914470 0 1914470 2125718 166982 54790 221772 1903946 0 1903946 PART X, LINE 2: READ HAS DETERMINED THAT THERE ARE NO MATERIAL UNCERTAIN TAX POSITIONS THAT REQUIRE RECOGNITION OR DISCLOSURE IN THE FINANCIAL STATEMENTS. PERIODS ENDING AUGUST 31, 2014 AND SUBSEQUENT REMAIN SUBJECT TO EXAMINATION BY APPLICABLE TAXING AUTHORITIES. PART XI, LINE 2D - OTHER ADJUSTMENTS: RENTAL EXPENSES 54,790. PART XII, LINE 2D - OTHER ADJUSTMENTS: RENTAL EXPENSES 54,790. X X X X X X X 1 STETWIN CONSULTING 708 THIRD AVENUE 6TH FLOOR NEW YORK NY 10017 COORDINATE SPECIAL EVENT 0 402535 55000 347535 402535 55000 347535 NY NJ CT ANNUAL BENEFIT 402535 387735 14800 10220 10220 3300 897 402535 387735 14800 10220 10220 3300 897 24637 -9837 SCHEDULE G, PART I, LINE 2B, COLUMN (V) COORDINATE SPECIAL EVENT. 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 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. 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 2017 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.