2017-07-31T13:08:27-05:00 2016-12-31 521392008 GELMAN ROSENBERG & FREEDMAN 4550 MONTGOMERY AVE SUITE 650N BETHESDA MD 208142930 990 2016-01-01 272092468 WORLDREADERORG WORL 4155624840 2030 1ST AVE NO 300 SEATTLE WA 98121 JOHN DAVID RISHER CEO 4155624840 2017-07-31 1 ROBERT ALBRECHT CPA P01003783 3019519090 75.103.231.202 2017-07-31 14:07:26 ED P 24E2B1EDDFB7997E904F8C8AA54720A5F314F67A 1FEDC3D844B213D6E270159FFD818B87C53612EC 2016 2021-01-29 14:40:06Z WORLDREADER JOHN DAVID RISHER 2030 1ST AVE NO 300 SEATTLE WA 98121 8790332 0 X WWW.WORLDREADER.ORG X 2010 WA SEE PART III, LINE 1. 12 11 35 22 0 0 10552733 8373632 1527541 412696 7795 1830 1072 2174 12089141 8790332 1365248 2065046 0 0 1534182 2240642 0 0 460993 4916029 4449387 7815459 8755075 4273682 35257 7523411 7671368 166601 279301 7356810 7392067 X SEE SCHEDULE O FOR DETAIL 0 0 7396487 2065046 412696 USING E-READERS, MOBILE PHONES, AND OTHER DIGITAL TECHNOLOGY WORLDREADER REACHES PEOPLE IN OVER 50 COUNTRIES, PROVIDING THEM WITH 42,899 BOOK TITLES IN 43 LANGUAGES FROM AFRIKAANS TO SWAHILI. WE CURRENTLY WORK WITH OVER 386 PUBLISHERS FROM ALL OVER THE WORLD TO ACQUIRE AND DIGITIZE THE MOST COMPELLING AND RELEVANT CONTENT FOR OUR READERS. OVER 5 MILLION PEOPLE HAVE READ BOOKS AS A RESULT OF WORLDREADER'S WORK.(SEE SCHEDULE O FOR ADDITIONAL DETAIL) 7396487 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 0 0 0 0 1 13 0 1 35 1 0 0 0 0 0 0 0 0 0 0 X 12 11 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 131283 0 6315 PETER SPIRO CHAIRMAN OF THE BOARD 1.00 X X 0 0 0 AIKO BETHEA SECRETARY 1.00 X X 0 0 0 CHARLES BRIGHTON DIRECTOR 1.00 X 0 0 0 COLIN MCELWEE SEE SCHED O DIRECTOR 1.00 X 0 0 0 HARRISON MILLER 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 CHRIS CAPOSSELA DIRECTOR 1.00 X 0 0 0 TERRY ATKINSON 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 JESSICA MEUNIER END OCT 2016 TREASURER & DIRECTOR OF FINANCE 40.00 X 74413 0 4437 ZEV LOWE DIRECTOR OF GLOBAL INSIGHTS 40.00 X 100881 0 5454 306577 0 16206 2 0 0 0 FISSION STRATEGY LLC 419 7TH ST NW WASHINGTON DC 20004 PUBLIC RELATIONS 107880 1 8373632 2088819 8373632 PROGRAM INCOME 900099 412696 412696 412696 1830 1830 MISCELLANEOUS 900099 2174 2174 2174 8790332 412696 0 4004 2065046 2065046 216448 34400 113250 68798 1749833 1151087 364520 234226 9400 6159 1681 1560 101776 66080 21717 13979 163185 98795 39367 25023 11396 7387 3892 117 54096 35064 18475 557 488778 316818 166929 5031 22094 16496 3274 2324 133575 99725 19795 14055 109013 81387 16155 11471 390478 390478 175283 107501 42168 25614 186856 139503 27691 19662 48396 36132 7172 5092 123360 92098 18282 12980 16153 12059 2394 1700 READING DEVICES/CONTENT 2499204 2499204 LICENSING 82560 61638 12235 8687 HARDWARE 27672 20659 4101 2912 VIDEO PRODUCTION 15875 11852 2353 1670 64598 46919 12144 5535 8755075 7396487 897595 460993 86940 62356 2248199 3354506 4982181 4172402 30806 29749 7395 7825 290250 245720 167890 44530 7523411 7671368 114999 79321 51602 199980 166601 279301 X 1021356 1761459 6335454 5630608 7356810 7392067 7523411 7671368 35257 0 X 0 1 X 1 0 X 3452225 3135341 5653224 10552733 8373632 31167155 3452225 3135341 5653224 10552733 8373632 31167155 6036628 25130527 284 472 2320 7795 1830 12701 1072 2174 3246 31183102 2642494 0.80590 0.79610 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 290250 245720 44530 44530 X 9317972 527640 527640 8790332 0 8790332 9282715 527640 527640 8755075 0 8755075 PART X, LINE 2: FOR THE YEARS ENDED DECEMBER 31, 2016 AND 2015, 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. THE FEDERAL FORM 990, RETURN OF ORGANIZATION EXEMPT FROM INCOME TAX, IS SUBJECT TO EXAMINATION BY THE INTERNAL REVENUE SERVICE, GENERALLY FOR THREE YEARS AFTER IT IS FILED. 1 EUROPE 0 0 GRANTS TO RECIPIENTS LOCATED IN REGION 1707046 SUB-SAHARAN AFRICA 0 0 GRANTS TO RECIPIENTS LOCATED IN REGION 358000 0 0 0 0 0 0 2065046 0 2065046 EUROPE GENERAL OPERATIONS, FUNDACION WORLD READER. 1698343 WIRE 8703 COMPUTERS RETAIL PRICE SUB-SAHARAN AFRICA GENERAL OPERATIONS, WORLDREADER GHANA. 358000 WIRE 2 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 1754746 EST.AVERAGE RETAIL PRICE X 3 133748 FMV X E-READER ACCESSORIES 1 200325 RETAIL VALUE 0 0 0 0 PART I, COLUMN (B): COLUMN B REPRESENTS THE NUMBER OF CONTRIBUTORS WHO PROVIDED CONTRIBUTIONS TO THE ORGANIZATION DURING THE YEAR. FORM 990, PART III, LINE 1: WORLDREADER IS A GLOBAL NON-PROFIT THAT USES TECHNOLOGY TO BRING DIGITAL BOOKS TO EVERY CHILD AND THEIR FAMILY, SO THEY CAN IMPROVE THEIR LIVES. IN ITS FIRST SIX YEARS, WORLDREADER HAS REACHED OVER 5 MILLION READERS IN 50 COUNTRIES WITH A DIGITAL LIBRARY OF 40,000+ LOCAL AND INTERNATIONAL E-BOOKS VIA E-READERS AND MOBILE PHONES. WORLDREADER PLANS TO GO FROM REACHING 27 MILLION PEOPLE ANNUALLY TO REACHING NEARLY 40 MILLION ANNUALLY BY 2020. 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. FORM 990, PART III, LINE 4A: WORLDREADER'S THREE LARGEST PROGRAM SERVICES ARE: A PRE-READING PROGRAM - WORLDREADER'S FLAGSHIP PROJECT, READ TO KIDS IS 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 IS 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. SCHOOL AND LIBRARY READING PROGRAMS: WORLDREADER HAS 100 SCHOOL READING PROJECTS WITH ACTIVITY IN 368 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 COUNTIRES. 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 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 EREADERS INTO THEIR LIBRARIES. THROUGH ITS LIFELONG READING PROGRAM, WORLDREADER ALLOWS INDIVIDUALS WITH MOBILE PHONES TO READ BOOKS FOR FREE. 5M 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, AND A GLOBAL NETWORK OF CORPORATE AND NONPROFIT PARTNERS, 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 SALARYBENCHMARKING 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 AUGUST 2016. 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 B: ON FORM 990, PART VI, LINES 1A AND B, WORLDREADER HAS INDICATED THAT ELEVEN 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.