2016-11-08T20:25:09-06:00 2015-12-31 GRANT THORNTON LLP 101 CALIFORNIA STREET SUITE 2700 SAN FRANCISCO CA 94111 990 2015-01-01 912003533 Room to Read % SHARI FREEDMAN CFO ROOM 4158394400 465 California Street Suite 1000 San Francisco CA 94104 ERIN GANJU CEO 4158394400 2016-11-07 true Rosemarie Brown P01278077 4159863900 2015 2017-02-10 21:41:12Z Erin Ganju 465 California St Ste 1000 San Francisco CA 94104 44760458 false X www.roomtoread.org X 1999 WA Room to Read believes that world change starts with educated children. 14 12 101 10000 0 0 41302249 43822711 0 0 192950 164159 930052 253052 42425251 44239922 11117302 8223176 0 0 14885341 16608595 0 0 4135876 15873439 18546615 41876082 43378386 549169 861536 22622753 23470782 1650679 2388311 20972074 21082471 X SEE SCHEDULE O false false 20792632 0 0 Literacy Instruction - See Schedule O 11097744 8223176 0 Girls' Education Program - See Schedule O 3444973 0 0 School Construction - See Schedule O 601753 0 0 Accelerator - See Schedule O 1341029 0 0 Book Publishing - See Schedule O 1942782 0 0 37278131 true true false false false false false false false false true true false true true true false true false true true true true false true false false false false true false false false false false false false false true false false false false true true true true false true X 54 0 true 101 true false true AS BG CB CA HK IN JA LA NP NL false false false true true false false false false X 14 12 false false false false false false false true true false true true true true true true true true true true false AL AK AZ AR CA CO CT DC FL GA HI IL KS KY LA ME MD MA MI MN MS NH NJ NM NY NC OH OK OR PA RI SC TN UT VA WV X X SHARI FREEDMAN CFO 4158394000 465 CALIFORNIA ST SUITE 1000 San Francisco CA 94104 Kim Anstatt Morton Director 1.0 0.0 X 0 0 0 Susan Wojcicki Director 1.0 0.0 X 0 0 0 Craig Bruya Board Chair 1.0 0.0 X X 0 0 0 Scott Kapnick Director 1.0 0.0 X 0 0 0 Mary Byron Director 1.0 0.0 X 0 0 0 Dr Luis Crouch Director 1.0 0.0 X 0 0 0 Tim Koogle Director 1.0 0.0 X 0 0 0 Dr Fernando Reimers Director 1.0 0.0 X 0 0 0 John Ridding Director 1.0 0.0 X 0 0 0 Yusuf Alireza Director 1.0 0.0 X 0 0 0 Peter T Grauer Director through 12/31/2015 1.0 0.0 X 0 0 0 Jerry del Missier Director 1.0 0.0 X 0 0 0 John Wood Founder / Director 40.0 0.0 X X 0 232150 24817 Erin Ganju CEO / Director 40.0 0.0 X X 216280 0 15200 Shari Freedman CFO 40.0 0.0 X 179644 0 20468 Lynn Foden Chief of Intl Oper / Secretary 40.0 0.0 X 162871 0 19241 Cory Heyman Chief Program Officer 40.0 0.0 X 201703 0 25119 Geetha Murali Chief Development Officer 40.0 0.0 X 187686 0 11314 Pierre A Towns Chief Talent Officer 40.0 0.0 X 173838 0 27482 Rebecca Hankin VP of Marketing & Comm 40.0 0.0 X 140852 0 17519 Lauren Hadi Dir., Strategic Partnerships 40.0 0.0 X 125600 0 13943 1388474 232150 175103 15 false true false Merchants Exchange Building LLC 465 California Street SAN FRANCISCO CA 94104 Rent 589076 One Source Virtual HR Inc 5601 N Macarthur Blvd Suite 100 IRVING TX 75048 Prof. Services 293795 Heller Consulting 1736 Franklin Street Suite 600 OAKLAND CA 94612 Prof. Services 286773 Innovations PSI 345 California Street Suite 1750 SAN FRANCISCO CA 94104 Temp. Help 270248 Grant Thornton LLP 101 California Street Suite 2700 SAN FRANCISCO CA 94111 Auditing & Tax 177382 9 12300338 1732055 708398 29081920 1706210 43822711 0 164159 164159 0 0 0 0 0 0 789072 12300338 520536 268536 268536 0 0 GAIN/(LOSS) ON SALE OF FX INVESTMENTS 900099 -106714 -106714 OTHER INCOME 900099 91230 91230 -15484 44239922 417211 0 0 8223176 8223176 0 613704 421798 191906 0 13197491 10030999 705651 2460841 729253 554232 51048 123973 1421499 1122984 82447 216068 646648 389683 83170 173795 0 70339 53139 14069 3131 265949 150915 115034 0 0 0 735837 356376 143981 235480 0 356695 333906 11555 11234 647144 600782 8710 37652 0 1162460 628234 264863 269363 1527258 1398361 34989 93908 0 383144 311214 16752 55178 0 0 87605 76870 2512 8223 82077 50357 31720 LITERACY PROGRAM 6533036 6533036 GIRLS' EDUCATION PROGRAM 2294096 2294096 DONATED BOOKS 916903 916903 ALL OTHER EXPENSES 3484072 2831070 205972 447030 43378386 37278131 1964379 4135876 3574 2982 3688512 3711132 4009118 4214763 39456 360449 0 0 0 0 0 0 808673 479176 303942 510615 480743 388279 165210 92464 -1759 0 7844437 8303457 0 0 0 0 5761590 5795744 22622753 23470782 96315 519494 1700 0 0 0 0 0 0 0 0 0 0 0 0 0 1552664 1868817 1650679 2388311 X 4088941 6450056 16883133 14632415 0 0 20972074 21082471 22622753 23470782 861536 -751139 X false true X true false X 44062976 39372460 41853081 41302249 43822711 210413477 0 0 44062976 39372460 41853081 41302249 43822711 210413477 0 210413477 252693 215930 164308 183598 164159 980688 0 2196 582 778 117235 91230 212021 211606186 32806 0.99436 0.99259 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 17160 7392 9768 233918 168441 65477 229665 212446 17219 92464 MONEY MARKET MUTUAL FUNDS 1554680 F EQUITY MUTUAL FUNDS 6748777 F 8303457 DEPOSITS 165826 INVESTMENT IN SUBSIDIARIES 5629918 5795744 0 ACCRUED LIABILITIES 1576266 DEFERRED RENT 204605 EMPLOYEE RETIREMENT FUND PAYABLE 87946 1868817 X FIN 48 (ASC 740) Footnote Schedule D, Part X, Line 2: The Organization files income tax returns in the U.S. federal tax jurisdiction, California state jurisdiction and various foreign jurisdictions. The Organization has identified and evaluated its significant tax positions for which the statute of limitations remain open and determined there is no material unrecognized benefit or liability to be recorded. The open tax years are the years ended December 31, 2006 through December 31, 2015 for U.S. federal and California. There have been no material changes in unrecognized benefits as of December 31, 2015 nor are any material changes anticipated in the twelve months following December 31, 2015. There have been no related tax penalties or interest, which would be classified as other expense in the consolidated statement of activities. true South Asia 22 481 Program Services Libraries & Literacy 11791537 Sub-Saharan Africa 9 116 Program Services Libraries & Literacy 4386982 East Asia and the Pacific 16 149 Program Services Libraries & Literacy 7461385 Europe (Including Iceland and Greenland) 2 4 Fundraising 815437 North America 2 70 Fundraising 86657 South Asia Grantmaking 4558486 Sub-Saharan Africa Grantmaking 3664690 East Asia and the Pacific Investments 1642790 South Asia Investments 855754 Europe (Including Iceland and Greenland) Investments 1950902 North America Investments 109474 Sub-Saharan Africa Investments 1070998 51 820 51 820 38395092 38395092 Sub-Saharan Africa 2038575 Wire South Asia 4558486 Wire Sub-Saharan Africa 1626115 Wire 3 0 false true true false false false Procedure for Monitoring Use of Grant Funds Outside the United States Schedule F, Part I, Line 2: After annual budgets are prepared by the country teams, they are reviewed and approved by the regional office, global office and the Board. Literacy Program funds are provided based on these budgets to the schools selected for the program. Schools are selected based on grades supported and the economic conditions of the students. Organization representatives meet with the scholars, families, community leaders and school teachers on a regular basis to ensure proper utilization of funds disbursed. Program team members from the regional office and the global office coordinate travel on a regular basis to every country to monitor appropriate distribution and utilization of funds. Accounting Method Schedule F, Part I, Line 3, Column (f); Part II, Line 1; Part III: All applicable sections are presented based on the accrual method of accounting, which is consistent with the method used in the organization's financial statements. LHR Event 10/15 3748837 3620404 128433 59157 HK Gala 6/3/15 3022375 2831773 190602 113870 98 6318198 5848161 470037 347509 13089410 12300338 789072 520536 520536 268536 X X X X X false false false false false false false false false John Wood Founder / Director 0 225002 0 7148 0 0 0 13222 0 11595 0 256967 0 0 Erin Ganju CEO / Director 209280 0 7000 0 0 0 6698 0 8502 0 231480 0 0 0 Shari Freedman CFO 177751 0 1893 0 0 0 10964 0 9504 0 200112 0 0 0 Lynn Foden Chief of Intl Oper / Secretary 159671 0 3200 0 0 0 9945 0 9296 0 182112 0 0 0 Cory Heyman Chief Program Officer 195298 0 6405 0 0 0 12102 0 13017 0 226822 0 0 0 Geetha Murali Chief Development Officer 181456 0 6230 0 0 0 4940 0 6374 0 199000 0 0 0 Pierre A Towns Chief Talent Officer 167730 0 6108 0 0 0 11032 0 16450 0 201320 0 0 0 Rebecca Hankin VP of Marketing & Comm 136262 0 4590 0 0 0 8384 0 9135 0 158371 0 0 0 X 934099 Fair Market Value X Software 1 772111 Fair Market Value 0 false true false Organization's Mission Form 990, Part III, Line 1: Room to Read (the organization) is an international non-governmental organization that believes that world change starts with educated children. We envision a world in which all children can pursue a quality education that enables them to reach their full potential and contribute to their community and the world. Room to Read seeks to transform the lives of millions of children in developing countries by focusing on literacy and gender equality in education. Working in collaboration with local communities, partner organizations and governments; we develop literacy skills and a habit of reading among primary school children, and support girls to complete secondary school with the relevant life skills to succeed in school and beyond. In 2015, Room to Read conducted program operations through direct implementation in seven countries in Asia (Bangladesh, Cambodia, India, Laos, Nepal, Sri Lanka and Vietnam), and three countries in Africa (South Africa, Zambia, and Tanzania). In 2015, the organization provided technical assistance ("Accelerator Program") to third party organizations in two countries (Indonesia and Grenada) using the Room to Read model. Room to Read was incorporated in the state of Washington in 1999 and moved the organization's headquarters to its current location in San Francisco, California in 2002. Operations are condcuted as a registered international non-governmental organization (INGO) under agreements with the local responsible governmental department(s) in certain countries and through locally incorporated affiliates in other countries. In 2015, Room to Read conducted fundraising operations in ten areas outside of the US; namely, Australia, Canada, Hong Kong, India, Japan, the Netherlands, Singapore, Switzerland, the United Kingdom, and New Zealand. Operations in these countries are conducted through locally incorporated limited companies or registered charities and foreign affiliates. Program Service Accomplishments Form 990, Part III, Line 4a: Literacy Instruction - the organization partners with ministries of education to supplement gaps that exist in the standard literacy curriculum by providing resources, in-service teacher training and classroom enhancements. A total of 5,500 Literacy Program schools were active during 2015. Included within this program is also the School Libraries program. By the end of 2015, the organization had reached an estimated 10.7 million children through its various core program activities, the largest of which includes its school libraries. The organization establishes school libraries and stocks them with local language books, English books, and original Room to Read children's books. Brightly colored furniture, puzzles and games foster a child-friendly environment and encourage a love of reading. A total of 1,107 school libraries were established during 2015. To date we have completed a cumulative total of 18,641 school library projects. Program Service Accomplishments Form 990, Part III, Line 4b: Girls' Education Program - the organization provides long-term holistic support to girls through secondary school. The organization ensures girls get the material and emotional support they need to succeed in school and beyond through an approach that includes academic support, mentoring and life skills training. A total of 29,824 girls were enrolled in our Girls Education Program in 2015. To date, we have benefitted a total of 38,750 girls. Program Service Accomplishments Form 990, Part III, Line 4c: School Construction the organization partners with communities to build, refurbish or expand schools to create an environment more conducive to learning and to alleviate overcrowding. A total of 147 school construction projects were established during 2015. To date, we have completed a cumulative of 2,629 school construction projects. Other Program Services Form 990, Part III, Line 4d: Accelerator - In 2015 the organization provided technical assistance ("Accelerator Program") to third party organizations in two countries (Indonesia and Grenada) using the Room to Read model. Book Publishing the organization sources new content from local writers and illustrators and publishes high quality local language childrens books for distribution throughout its network of schools and libraries. A total of 132 local language titles were published during 2015. To date, we have distributed a cumulative total of 18,171,074 local and English books. Foreign Bank Accounts Form 990, Part V, Line 4b: In addition to the foreign countries listed in Attachment 2, Room to Read also had foreign bank accounts requiring a Form TD F 90-22.1 filing in the following countries: Singapore, South Africa, Sri Lanka, Switzerland, Tanzania, United Kingdom, Vietnam, and Zambia. Form 990 Review Process Form 990, Part VI, Section B, Line 11b: Room to Reads Form 990 undergoes a number of internal and external reviews prior to being filed with the IRS. The return is prepared by Room to Reads accounting department and is reviewed by Room to Reads public accounting firm, Grant Thornton LLP and by the CEO and CFO. Then copies of the Form 990 are provided to the audit committee and to all board members for their review and approval. Any questions the audit committee and board members have are directed to Room to Reads controller. Process for Monitoring and Enforcement of Conflict of Interest Policy Form 990, Part VI, Section B, Line 12c: Our conflict of interest policy is included in Room to Read's employee handbook. Worldwide the employee handbook is distributed to new employees upon hire. In accordance with this policy, signed acknowledgements are maintained in individual employee files by human resources. Annually the management team and Board sign conflict of interest statements and during the year any changes in conflicts of interest are reported to the board. Process for Determining Compensation of CEO and Key Employees Form 990, Part VI, Section B, Lines 15a and 15b: The Board has a human resources committee which includes at least two independent directors and the Chief Talent Officer. The organization uses an independent advisory party to benchmark all salary ranges at least every 2 years. The human resources committee reviews and approves in general the organization's salary ranges. Separately, based on these benchmarks and on individual performance reviews, the human resources committee submits recommendations for top management salaries (including the CEO and CFO) to the Board, which are reviewed by the board as part of the annual budget discussion. Documents Available to the Public Form 990, Part VI, Section C, Line 19: The organization makes financial documents such as the annual audit, Form 990, Form 990-T, and annual report available to the public on the Room to Read website or upon request. All other governing documents are not available to the public via the organizational website but can be issued upon request if appropriate. The conflict of interest policy is shared and updated annually with the board of directors and key employees. Room to Read Canada 39 Bay Street Suite 1202 Toronto Ontario CA M5H 2Y2 Fundraising CA 501(c)(3) 07 Room to Read true Room to Read Japan Izumi Garden Twr 26F 1-6-1 Roppongi Minato-ku, Tokyo JA 106-6024 Fundraising JA 501(c)(3) 07 Room to Read true Room to Read Singapore 10 Collyer Quay 10-01 Ocean Fin Ctr Singapore SN 049315 Fundraising SN 501(c)(3) 07 Room to Read true Room to Read Switzerland Gartenstrasse 32 8700 Kusnacht Zurich SZ Fundraising SZ 501(c)(3) 07 Room to Read true Room to Read United Kingdom c/o Credit Suisse 1 Cabot Square London UK E14 4QT Fundraising UK 501(c)(3) 07 Room to Read true Room to Read Hong Kong 99/F Intl Commerce Ctr 1 Austin Rd Kowloon, Hong Kong HK Fundraising HK 501(c)(3) 07 Room to Read true Room to Read Zambia Plot No E 25 Middleway Road Kabulong Lusaka ZA Programs ZA 501(c)(3) 07 Room to Read true Room to Read South Africa Unit F1 Hatfield Gardens 333 Grosve Hatfield SF Programs SF 501(c)(3) 07 Room to Read true Room to Read Australia Limited Available Upon Request AS Fundraising AS Room to Read C Corp 0 0 1.00000 true Room to Read Australia Foundation Available Upon Request AS Fundraising AS RtR AU Ltd Trust 3083527 359894 1.00000 Room to Read India Private Company Available Upon Request IN Program IN Room to Read C Corp 0 0 1.00000 true Room to Read India Trust Available Upon Request IN Program IN IN PVT CO Trust -4558486 1100686 1.00000 true Room to Read New Zealand Available Upon Request NZ Fundraising NZ Room to Read C Corp 952 1877 1.00000 true false true true false false false false false false false false true true false true true true false false Room to Read India Trust b 4558486 FMV Room to Read South Africa b 1626115 FMV Room to Read Zambia b 2038575 FMV Room to Read Australia Foundation c 3083527 FMV Room to Read Canada c 553588 FMV Room to Read Hong Kong c 1841867 FMV Room to Read Japan c 710461 FMV Room to Read Singapore c 1023564 FMV Room to Read Switzerland c 2673987 FMV Room to Read UK Limited c 3724451 FMV Room to Read Canada q 52376 SLA Room to Read UK Limited q 114104 SLA