WORLDREADER ORG: Form 990, tax year 2015

View the entire original 990 at ProPublica ↗

Organization: WORLDREADER ORG (EIN 27-2092468)
Tax period: 2015-01-01 to 2015-12-31
Filed: 2016-07-21
IRS object ID: 201632039349300703
Schema version: 2015v2.1
Source: Download XML · Original 990 at ProPublica

Every field in the e-filed return. Faint text is the IRS element name, for citing.

Return header
Form 990
Schedule A
Schedule B
Schedule D
Schedule F
Schedule M
Schedule O

Return header ReturnHeader

Field	Value	IRS element (for citing)
Return	2016-07-21T09:22:11-05:00	ReturnTs
Tax Period End	2015-12-31	TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

Field	Value	IRS element (for citing)
Preparer Firm EIN	521392008	PreparerFirmEIN

Preparer Firm Name PreparerFirmName

Field	Value	IRS element (for citing)
Business Name Line1	GELMAN ROSENBERG & FREEDMAN	BusinessNameLine1Txt

Preparer US Address PreparerUSAddress

Field	Value	IRS element (for citing)
Address Line1	4550 MONTGOMERY AVE SUITE 650N	AddressLine1Txt
City	BETHESDA	CityNm
State Abbreviation	MD	StateAbbreviationCd
ZIP	208142930	ZIPCd

Field	Value	IRS element (for citing)
Return Type	990	ReturnTypeCd
Tax Period Begin	2015-01-01	TaxPeriodBeginDt

Filer Filer

Field	Value	IRS element (for citing)
EIN	272092468	EIN

Business Name BusinessName

Field	Value	IRS element (for citing)
Business Name Line1	WORLDREADERORG	BusinessNameLine1Txt

Field	Value	IRS element (for citing)
Business Name Control	WORL	BusinessNameControlTxt
Phone	4155624840	PhoneNum

US Address USAddress

Field	Value	IRS element (for citing)
Address Line1	2030 1ST AVE NO 300	AddressLine1Txt
City	SEATTLE	CityNm
State Abbreviation	WA	StateAbbreviationCd
ZIP	98121	ZIPCd

Business Officer BusinessOfficerGrp

Field	Value	IRS element (for citing)
Person	JOHN DAVID RISHER	PersonNm
Person Title	CEO	PersonTitleTxt
Phone	4155624840	PhoneNum
Signature	2016-07-21	SignatureDt
Discuss With Paid Preparer	Yes (1)	DiscussWithPaidPreparerInd

Preparer Person PreparerPersonGrp

Field	Value	IRS element (for citing)
Preparer Person	ROBERT ALBRECHT CPA	PreparerPersonNm
PTIN	P01003783	PTIN
Phone	3019519090	PhoneNum

Field	Value	IRS element (for citing)
Tax	2015	TaxYr
Build TS	2016-12-15 16:53:06Z	BuildTS

Form 990 IRS990

Field	Value	IRS element (for citing)
Address Change	Yes (X)	AddressChangeInd

Doing Business As Name DoingBusinessAsName

Field	Value	IRS element (for citing)
Business Name Line1	WORLDREADER	BusinessNameLine1Txt

Field	Value	IRS element (for citing)
Principal Officer	JOHN DAVID RISHER	PrincipalOfficerNm

US Address USAddress

Field	Value	IRS element (for citing)
Address Line1	2030 1ST AVE NO 300	AddressLine1Txt
City	SEATTLE	CityNm
State Abbreviation	WA	StateAbbreviationCd
ZIP	98121	ZIPCd

Field	Value	IRS element (for citing)
Gross Receipts	$12,089,141	GrossReceiptsAmt
Group Return For Affiliates	0	GroupReturnForAffiliatesInd
Organization501c3	Yes (X)	Organization501c3Ind
Website Address	WWW.WORLDREADER.ORG	WebsiteAddressTxt
Type Of Organization Corp	Yes (X)	TypeOfOrganizationCorpInd
Formation	2010	FormationYr
Legal Domicile State	WA	LegalDomicileStateCd
Activity Or Mission	SEE PART III, LINE 1.	ActivityOrMissionDesc
Voting Members Governing Body	11	VotingMembersGoverningBodyCnt
Voting Members Independent	10	VotingMembersIndependentCnt
Total Employee	25	TotalEmployeeCnt
Total Volunteers	15	TotalVolunteersCnt
Total Gross UBI	$0	TotalGrossUBIAmt
Net Unrelated Bus Txbl Incm	$0	NetUnrelatedBusTxblIncmAmt
PY Contributions Grants	$5,653,224	PYContributionsGrantsAmt
CY Contributions Grants	$10,552,733	CYContributionsGrantsAmt
PY Program Service Revenue	$256,002	PYProgramServiceRevenueAmt
CY Program Service Revenue	$1,527,541	CYProgramServiceRevenueAmt
PY Investment Income	$2,320	PYInvestmentIncomeAmt
CY Investment Income	$7,795	CYInvestmentIncomeAmt
PY Other Revenue	$0	PYOtherRevenueAmt
CY Other Revenue	$1,072	CYOtherRevenueAmt
PY Total Revenue	$5,911,546	PYTotalRevenueAmt
CY Total Revenue	$12,089,141	CYTotalRevenueAmt
PY Grants And Similar Paid	$1,105,670	PYGrantsAndSimilarPaidAmt
CY Grants And Similar Paid	$1,365,248	CYGrantsAndSimilarPaidAmt
PY Benefits Paid To Members	$0	PYBenefitsPaidToMembersAmt
CY Benefits Paid To Members	$0	CYBenefitsPaidToMembersAmt
PY Salaries Comp Emp Bnft Paid	$998,389	PYSalariesCompEmpBnftPaidAmt
CY Salaries Comp Emp Bnft Paid	$1,534,182	CYSalariesCompEmpBnftPaidAmt
PY Total Prof Fndrsng Expns	$0	PYTotalProfFndrsngExpnsAmt
CY Total Prof Fndrsng Expns	$0	CYTotalProfFndrsngExpnsAmt
CY Total Fundraising Expense	$283,368	CYTotalFundraisingExpenseAmt
PY Other Expenses	$1,652,056	PYOtherExpensesAmt
CY Other Expenses	$4,916,029	CYOtherExpensesAmt
PY Total Expenses	$3,756,115	PYTotalExpensesAmt
CY Total Expenses	$7,815,459	CYTotalExpensesAmt
PY Revenues Less Expenses	$2,155,431	PYRevenuesLessExpensesAmt
CY Revenues Less Expenses	$4,273,682	CYRevenuesLessExpensesAmt
Total Assets BOY	$3,185,499	TotalAssetsBOYAmt
Total Assets EOY	$7,523,411	TotalAssetsEOYAmt
Total Liabilities BOY	$102,371	TotalLiabilitiesBOYAmt
Total Liabilities EOY	$166,601	TotalLiabilitiesEOYAmt
Net Assets Or Fund Balances BOY	$3,083,128	NetAssetsOrFundBalancesBOYAmt
Net Assets Or Fund Balances EOY	$7,356,810	NetAssetsOrFundBalancesEOYAmt
Info In Schedule O Part III	Yes (X)	InfoInScheduleOPartIIIInd
Mission	SEE SCHEDULE O FOR DETAIL	MissionDesc
Significant New Program Srvc	0	SignificantNewProgramSrvcInd
Significant Change	0	SignificantChangeInd
Expense	$6,802,124	ExpenseAmt
Grant	$1,365,248	GrantAmt
Revenue	$1,675,582	RevenueAmt
Desc	USING E-READERS, MOBILE PHONES, AND OTHER DIGITAL TECHNOLOGY WORLDREADER REACHES PEOPLE IN 85 COUNTRIES, PROVIDING THEM WITH OVER 31,901 BOOK TITLES IN 43 LANGUAGES FROM AFRIKAANS TO SWAHILI. WE CURRENTLY WORK WITH OVER 331 PUBLISHERS FROM ALL OVER THE WORLD TO ACQUIRE AND DIGITIZE THE MOST COMPELLING AND RELEVANT CONTENT FOR OUR READERS. OVER 3.7M PEOPLE HAVE READ BOOKS AS A RESULT OF WORLDREADER'S WORK. (SEE SCHEDULE O FOR ADDITIONAL DETAIL)	Desc
Total Program Service Expenses	$6,802,124	TotalProgramServiceExpensesAmt
Described In Section501c3	Yes (1)	DescribedInSection501c3Ind
Schedule B Required	Yes (1)	ScheduleBRequiredInd
Political Campaign Acty	0	PoliticalCampaignActyInd
Lobbying Activities	0	LobbyingActivitiesInd
Subject To Proxy Tax	0	SubjectToProxyTaxInd
Donor Advised Fund	0	DonorAdvisedFundInd
Conservation Easements	0	ConservationEasementsInd
Collections Of Art	0	CollectionsOfArtInd
Credit Counseling	0	CreditCounselingInd
Temp Or Permanent Endowments	0	TempOrPermanentEndowmentsInd
Report Land Building Equipment	Yes (1)	ReportLandBuildingEquipmentInd
Report Investments Other Sec	0	ReportInvestmentsOtherSecInd
Report Program Related Invst	0	ReportProgramRelatedInvstInd
Report Other Assets	0	ReportOtherAssetsInd
Report Other Liabilities	0	ReportOtherLiabilitiesInd
Include FIN48 Footnote	Yes (1)	IncludeFIN48FootnoteInd
Independent Audit Fincl Stmt	Yes (1)	IndependentAuditFinclStmtInd
Consolidated Audit Fincl Stmt	0	ConsolidatedAuditFinclStmtInd
School Operating	0	SchoolOperatingInd
Foreign Office	0	ForeignOfficeInd
Foreign Activities	Yes (1)	ForeignActivitiesInd
More Than5000 K To Org	Yes (1)	MoreThan5000KToOrgInd
More Than5000 K To Individuals	0	MoreThan5000KToIndividualsInd
Professional Fundraising	0	ProfessionalFundraisingInd
Fundraising Activities	0	FundraisingActivitiesInd
Gaming Activities	0	GamingActivitiesInd
Operate Hospital	0	OperateHospitalInd
Grants To Organizations	0	GrantsToOrganizationsInd
Grants To Individuals	0	GrantsToIndividualsInd
Schedule J Required	0	ScheduleJRequiredInd
Tax Exempt Bonds	0	TaxExemptBondsInd
Engaged In Excess Benefit Trans	0	EngagedInExcessBenefitTransInd
PY Excess Benefit Trans	0	PYExcessBenefitTransInd
Loan Outstanding	0	LoanOutstandingInd
Grant To Related Person	0	GrantToRelatedPersonInd
Business Rln With Org Mem	0	BusinessRlnWithOrgMemInd
Business Rln With Fam Mem	0	BusinessRlnWithFamMemInd
Business Rln With Officer Ent	0	BusinessRlnWithOfficerEntInd
Deductible Non Cash Contri	Yes (1)	DeductibleNonCashContriInd
Deductible Art Contribution	0	DeductibleArtContributionInd
Terminate Operations	0	TerminateOperationsInd
Partial Liquidation	0	PartialLiquidationInd
Disregarded Entity	0	DisregardedEntityInd
Related Entity	0	RelatedEntityInd
Related Organization Ctrl Ent	0	RelatedOrganizationCtrlEntInd
Trnsfr Exmpt Non Chrtbl Rltd Org	0	TrnsfrExmptNonChrtblRltdOrgInd
Activities Conducted Prtshp	0	ActivitiesConductedPrtshpInd
Schedule O Required	Yes (1)	ScheduleORequiredInd
IRP Document	12	IRPDocumentCnt
IRP Document W2 G	0	IRPDocumentW2GCnt
Backup Wthld Compliance	Yes (1)	BackupWthldComplianceInd
Employee	25	EmployeeCnt
Employment Tax Returns Filed	Yes (1)	EmploymentTaxReturnsFiledInd
Unrelated Bus Incm Over Limit	0	UnrelatedBusIncmOverLimitInd
Foreign Financial Account	0	ForeignFinancialAccountInd
Prohibited Tax Shelter Trans	0	ProhibitedTaxShelterTransInd
Taxable Party Notification	0	TaxablePartyNotificationInd
Nondeductible Contributions	0	NondeductibleContributionsInd
Quid Pro Quo Contributions	0	QuidProQuoContributionsInd
Form8282 Property Disposed Of	0	Form8282PropertyDisposedOfInd
Rcv Fnds To Pay Prsnl Bnft Cntrct	0	RcvFndsToPayPrsnlBnftCntrctInd
Pay Premiums Prsnl Bnft Cntrct	0	PayPremiumsPrsnlBnftCntrctInd
Indoor Tanning Services	0	IndoorTanningServicesInd
Info In Schedule O Part VI	Yes (X)	InfoInScheduleOPartVIInd
Governing Body Voting Members	11	GoverningBodyVotingMembersCnt
Independent Voting Member	10	IndependentVotingMemberCnt
Family Or Business Rln	0	FamilyOrBusinessRlnInd
Delegation Of Mgmt Duties	0	DelegationOfMgmtDutiesInd
Change To Org Documents	0	ChangeToOrgDocumentsInd
Material Diversion Or Misuse	0	MaterialDiversionOrMisuseInd
Members Or Stockholders	0	MembersOrStockholdersInd
Election Of Board Members	0	ElectionOfBoardMembersInd
Decisions Subject To Approva	0	DecisionsSubjectToApprovaInd
Minutes Of Governing Body	Yes (1)	MinutesOfGoverningBodyInd
Minutes Of Committees	Yes (1)	MinutesOfCommitteesInd
Officer Mailing Address	0	OfficerMailingAddressInd
Local Chapters	0	LocalChaptersInd
Form990 Provided To Gvrn Body	Yes (1)	Form990ProvidedToGvrnBodyInd
Conflict Of Interest Policy	Yes (1)	ConflictOfInterestPolicyInd
Annual Disclosure Covered Prsn	Yes (1)	AnnualDisclosureCoveredPrsnInd
Regular Monitoring Enfrc	Yes (1)	RegularMonitoringEnfrcInd
Whistleblower Policy	Yes (1)	WhistleblowerPolicyInd
Document Retention Policy	Yes (1)	DocumentRetentionPolicyInd
Compensation Process CEO	Yes (1)	CompensationProcessCEOInd
Compensation Process Other	0	CompensationProcessOtherInd
Investment In Joint Venture	0	InvestmentInJointVentureInd
States Where Copy Of Return Is Fld	AK	StatesWhereCopyOfReturnIsFldCd
States Where Copy Of Return Is Fld	AL	StatesWhereCopyOfReturnIsFldCd
States Where Copy Of Return Is Fld	AR	StatesWhereCopyOfReturnIsFldCd
States Where Copy Of Return Is Fld	AZ	StatesWhereCopyOfReturnIsFldCd
States Where Copy Of Return Is Fld	CA	StatesWhereCopyOfReturnIsFldCd
States Where Copy Of Return Is Fld	CO	StatesWhereCopyOfReturnIsFldCd
States Where Copy Of Return Is Fld	CT	StatesWhereCopyOfReturnIsFldCd
States Where Copy Of Return Is Fld	DE	StatesWhereCopyOfReturnIsFldCd
States Where Copy Of Return Is Fld	FL	StatesWhereCopyOfReturnIsFldCd
States Where Copy Of Return Is Fld	GA	StatesWhereCopyOfReturnIsFldCd
States Where Copy Of Return Is Fld	HI	StatesWhereCopyOfReturnIsFldCd
States Where Copy Of Return Is Fld	IA	StatesWhereCopyOfReturnIsFldCd
States Where Copy Of Return Is Fld	ID	StatesWhereCopyOfReturnIsFldCd
States Where Copy Of Return Is Fld	IL	StatesWhereCopyOfReturnIsFldCd
States Where Copy Of Return Is Fld	IN	StatesWhereCopyOfReturnIsFldCd
States Where Copy Of Return Is Fld	KS	StatesWhereCopyOfReturnIsFldCd
States Where Copy Of Return Is Fld	KY	StatesWhereCopyOfReturnIsFldCd
States Where Copy Of Return Is Fld	LA	StatesWhereCopyOfReturnIsFldCd
States Where Copy Of Return Is Fld	MA	StatesWhereCopyOfReturnIsFldCd
States Where Copy Of Return Is Fld	MD	StatesWhereCopyOfReturnIsFldCd
States Where Copy Of Return Is Fld	ME	StatesWhereCopyOfReturnIsFldCd
States Where Copy Of Return Is Fld	MI	StatesWhereCopyOfReturnIsFldCd
States Where Copy Of Return Is Fld	MN	StatesWhereCopyOfReturnIsFldCd
States Where Copy Of Return Is Fld	MO	StatesWhereCopyOfReturnIsFldCd
States Where Copy Of Return Is Fld	MS	StatesWhereCopyOfReturnIsFldCd
States Where Copy Of Return Is Fld	MT	StatesWhereCopyOfReturnIsFldCd
States Where Copy Of Return Is Fld	NC	StatesWhereCopyOfReturnIsFldCd
States Where Copy Of Return Is Fld	ND	StatesWhereCopyOfReturnIsFldCd
States Where Copy Of Return Is Fld	NE	StatesWhereCopyOfReturnIsFldCd
States Where Copy Of Return Is Fld	NH	StatesWhereCopyOfReturnIsFldCd
States Where Copy Of Return Is Fld	NJ	StatesWhereCopyOfReturnIsFldCd
States Where Copy Of Return Is Fld	NM	StatesWhereCopyOfReturnIsFldCd
States Where Copy Of Return Is Fld	NV	StatesWhereCopyOfReturnIsFldCd
States Where Copy Of Return Is Fld	NY	StatesWhereCopyOfReturnIsFldCd
States Where Copy Of Return Is Fld	OH	StatesWhereCopyOfReturnIsFldCd
States Where Copy Of Return Is Fld	OK	StatesWhereCopyOfReturnIsFldCd
States Where Copy Of Return Is Fld	OR	StatesWhereCopyOfReturnIsFldCd
States Where Copy Of Return Is Fld	PA	StatesWhereCopyOfReturnIsFldCd
States Where Copy Of Return Is Fld	RI	StatesWhereCopyOfReturnIsFldCd
States Where Copy Of Return Is Fld	SC	StatesWhereCopyOfReturnIsFldCd
States Where Copy Of Return Is Fld	SD	StatesWhereCopyOfReturnIsFldCd
States Where Copy Of Return Is Fld	TN	StatesWhereCopyOfReturnIsFldCd
States Where Copy Of Return Is Fld	TX	StatesWhereCopyOfReturnIsFldCd
States Where Copy Of Return Is Fld	UT	StatesWhereCopyOfReturnIsFldCd
States Where Copy Of Return Is Fld	VA	StatesWhereCopyOfReturnIsFldCd
States Where Copy Of Return Is Fld	VT	StatesWhereCopyOfReturnIsFldCd
States Where Copy Of Return Is Fld	WA	StatesWhereCopyOfReturnIsFldCd
States Where Copy Of Return Is Fld	WI	StatesWhereCopyOfReturnIsFldCd
States Where Copy Of Return Is Fld	WV	StatesWhereCopyOfReturnIsFldCd
States Where Copy Of Return Is Fld	WY	StatesWhereCopyOfReturnIsFldCd
Own Website	Yes (X)	OwnWebsiteInd
Other Website	Yes (X)	OtherWebsiteInd
Upon Request	Yes (X)	UponRequestInd

Books In Care Of Detail BooksInCareOfDetail

Business Name BusinessName

Field	Value	IRS element (for citing)
Business Name Line1	JESSICA MEUNIER	BusinessNameLine1Txt

Field	Value	IRS element (for citing)
Phone	4155624840	PhoneNum

US Address USAddress

Field	Value	IRS element (for citing)
Address Line1	2030 1ST AVENUE SUITE 300	AddressLine1Txt
City	SEATTLE	CityNm
State Abbreviation	WA	StateAbbreviationCd
ZIP	98121	ZIPCd

Form990 Part VII Section A Form990PartVIISectionAGrp (13 entries)

TitleTitleTxt	Average Hours Per WeekAverageHoursPerWeekRt	Individual Trustee Or DirectorIndividualTrusteeOrDirectorInd	OfficerOfficerInd	Reportable Comp From OrgReportableCompFromOrgAmt	Reportable Comp From Rltd OrgReportableCompFromRltdOrgAmt	Other CompensationOtherCompensationAmt
JOHN DAVID RISHER
CEO	40.00	Yes (X)	Yes (X)	$79,572	$0	$12,180
PETER SPIRO
CHAIRMAN OF THE BOARD	1.00	Yes (X)	Yes (X)	$0	$0	$0
COLIN MCELWEE SEE SCHED O
SECRETARY	1.00	Yes (X)	Yes (X)	$0	$0	$0
CHARLES BRIGHTON
DIRECTOR	1.00	Yes (X)		$0	$0	$0
HARRISON MILLER
DIRECTOR	1.00	Yes (X)		$0	$0	$0
KARTIK RAGHAVAN
DIRECTOR	1.00	Yes (X)		$0	$0	$0
SUSAN COSTLEY SANDERSON
DIRECTOR	1.00	Yes (X)		$0	$0	$0
CHRIS CAPOSELLA
DIRECTOR	1.00	Yes (X)		$0	$0	$0
TERY ATKINSON
DIRECTOR	1.00	Yes (X)		$0	$0	$0
AIKO BETHEA
DIRECTOR	1.00	Yes (X)		$0	$0	$0
JIM BILDNER THROUGH 115
DIRECTOR	1.00	Yes (X)		$0	$0	$0
MARY CASE FROM 1215
DIRECTOR	1.00	Yes (X)		$0	$0	$0
JESSICA MEUNIER
DIRECTOR OF FINANCE	40.00		Yes (X)	$83,875	$0	$4,800

Field	Value	IRS element (for citing)
Total Reportable Comp From Org	$163,447	TotalReportableCompFromOrgAmt
Tot Reportable Comp Rltd Org	$0	TotReportableCompRltdOrgAmt
Total Other Compensation	$16,980	TotalOtherCompensationAmt
Indiv Rcvd Greater Than100 K	0	IndivRcvdGreaterThan100KCnt
Former Ofcr Employees Listed	0	FormerOfcrEmployeesListedInd
Total Comp Greater Than150 K	0	TotalCompGreaterThan150KInd
Compensation From Other Srcs	0	CompensationFromOtherSrcsInd
Cntrct Rcvd Greater Than100 K	0	CntrctRcvdGreaterThan100KCnt
All Other Contributions	$10,552,733	AllOtherContributionsAmt
Noncash Contributions	$3,792,030	NoncashContributionsAmt
Total Contributions	$10,552,733	TotalContributionsAmt

Program Service Revenue ProgramServiceRevenueGrp

Field	Value	IRS element (for citing)
Desc	PROGRAM INCOME	Desc
Business	900099	BusinessCd
Total Revenue Column	$1,527,541	TotalRevenueColumnAmt
Related Or Exempt Func Income	$1,527,541	RelatedOrExemptFuncIncomeAmt

Field	Value	IRS element (for citing)
Total Program Service Revenue	$1,527,541	TotalProgramServiceRevenueAmt

Investment Income InvestmentIncomeGrp

Field	Value	IRS element (for citing)
Total Revenue Column	$7,795	TotalRevenueColumnAmt
Exclusion	$7,795	ExclusionAmt

Other Revenue Misc OtherRevenueMiscGrp

Field	Value	IRS element (for citing)
Desc	MISCELLANEOUS	Desc
Business	900099	BusinessCd
Total Revenue Column	$1,072	TotalRevenueColumnAmt
Exclusion	$1,072	ExclusionAmt

Field	Value	IRS element (for citing)
Other Revenue Total	$1,072	OtherRevenueTotalAmt

Total Revenue TotalRevenueGrp

Field	Value	IRS element (for citing)
Total Revenue Column	$12,089,141	TotalRevenueColumnAmt
Related Or Exempt Func Income	$1,527,541	RelatedOrExemptFuncIncomeAmt
Unrelated Business Revenue	$0	UnrelatedBusinessRevenueAmt
Exclusion	$8,867	ExclusionAmt

Foreign Grants ForeignGrantsGrp

Field	Value	IRS element (for citing)
Total	$1,365,248	TotalAmt
Program Services	$1,365,248	ProgramServicesAmt

Comp Current Ofcr Directors CompCurrentOfcrDirectorsGrp

Field	Value	IRS element (for citing)
Total	$180,427	TotalAmt
Program Services	$22,938	ProgramServicesAmt
Management And General	$111,613	ManagementAndGeneralAmt
Fundraising	$45,876	FundraisingAmt

Other Salaries And Wages OtherSalariesAndWagesGrp

Field	Value	IRS element (for citing)
Total	$1,171,032	TotalAmt
Program Services	$817,837	ProgramServicesAmt
Management And General	$227,233	ManagementAndGeneralAmt
Fundraising	$125,962	FundraisingAmt

Pension Plan Contributions PensionPlanContributionsGrp

Field	Value	IRS element (for citing)
Total	$6,163	TotalAmt
Program Services	$4,395	ProgramServicesAmt
Management And General	$898	ManagementAndGeneralAmt
Fundraising	$870	FundraisingAmt

Other Employee Benefits OtherEmployeeBenefitsGrp

Field	Value	IRS element (for citing)
Total	$63,915	TotalAmt
Program Services	$47,211	ProgramServicesAmt
Management And General	$12,851	ManagementAndGeneralAmt
Fundraising	$3,853	FundraisingAmt

Payroll Taxes PayrollTaxesGrp

Field	Value	IRS element (for citing)
Total	$112,645	TotalAmt
Program Services	$70,714	ProgramServicesAmt
Management And General	$27,940	ManagementAndGeneralAmt
Fundraising	$13,991	FundraisingAmt

Fees For Services Legal FeesForServicesLegalGrp

Field	Value	IRS element (for citing)
Total	$22,535	TotalAmt
Program Services	$19,595	ProgramServicesAmt
Management And General	$2,841	ManagementAndGeneralAmt
Fundraising	$99	FundraisingAmt

Fees For Services Accounting FeesForServicesAccountingGrp

Field	Value	IRS element (for citing)
Total	$24,100	TotalAmt
Program Services	$20,956	ProgramServicesAmt
Management And General	$3,038	ManagementAndGeneralAmt
Fundraising	$106	FundraisingAmt

Fees For Services Other FeesForServicesOtherGrp

Field	Value	IRS element (for citing)
Total	$169,269	TotalAmt
Program Services	$45,662	ProgramServicesAmt
Management And General	$123,556	ManagementAndGeneralAmt
Fundraising	$51	FundraisingAmt

Advertising AdvertisingGrp

Field	Value	IRS element (for citing)
Total	$25,614	TotalAmt
Program Services	$17,584	ProgramServicesAmt
Management And General	$5,776	ManagementAndGeneralAmt
Fundraising	$2,254	FundraisingAmt

Office Expenses OfficeExpensesGrp

Field	Value	IRS element (for citing)
Total	$143,344	TotalAmt
Program Services	$98,403	ProgramServicesAmt
Management And General	$32,326	ManagementAndGeneralAmt
Fundraising	$12,615	FundraisingAmt

Information Technology InformationTechnologyGrp

Field	Value	IRS element (for citing)
Total	$9,498	TotalAmt
Program Services	$8,259	ProgramServicesAmt
Management And General	$1,197	ManagementAndGeneralAmt
Fundraising	$42	FundraisingAmt

Royalties RoyaltiesGrp

Field	Value	IRS element (for citing)
Total	$331,331	TotalAmt
Program Services	$331,315	ProgramServicesAmt
Fundraising	$16	FundraisingAmt

Occupancy OccupancyGrp

Field	Value	IRS element (for citing)
Total	$136,722	TotalAmt
Program Services	$95,767	ProgramServicesAmt
Management And General	$24,459	ManagementAndGeneralAmt
Fundraising	$16,496	FundraisingAmt

Travel TravelGrp

Field	Value	IRS element (for citing)
Total	$179,061	TotalAmt
Program Services	$122,922	ProgramServicesAmt
Management And General	$40,380	ManagementAndGeneralAmt
Fundraising	$15,759	FundraisingAmt

Conferences Meetings ConferencesMeetingsGrp

Field	Value	IRS element (for citing)
Total	$58,953	TotalAmt
Program Services	$40,470	ProgramServicesAmt
Management And General	$13,295	ManagementAndGeneralAmt
Fundraising	$5,188	FundraisingAmt

Depreciation Depletion DepreciationDepletionGrp

Field	Value	IRS element (for citing)
Total	$119,942	TotalAmt
Program Services	$82,338	ProgramServicesAmt
Management And General	$27,048	ManagementAndGeneralAmt
Fundraising	$10,556	FundraisingAmt

Insurance InsuranceGrp

Field	Value	IRS element (for citing)
Total	$24,717	TotalAmt
Program Services	$16,968	ProgramServicesAmt
Management And General	$5,574	ManagementAndGeneralAmt
Fundraising	$2,175	FundraisingAmt

Other Expenses OtherExpensesGrp (4 entries)

DescDesc	TotalTotalAmt	Program ServicesProgramServicesAmt	FundraisingFundraisingAmt	Management And GeneralManagementAndGeneralAmt
READING DEVICES/CONTENT	$3,360,793	$3,360,629	$164
LICENSING	$196,649	$134,996	$17,307	$44,346
VIDEO PRODUCTION	$40,410	$27,741	$3,556	$9,113
HARDWARE	$20,035	$13,754	$1,763	$4,518

All Other Expenses AllOtherExpensesGrp

Field	Value	IRS element (for citing)
Total	$53,056	TotalAmt
Program Services	$36,422	ProgramServicesAmt
Management And General	$11,965	ManagementAndGeneralAmt
Fundraising	$4,669	FundraisingAmt

Total Functional Expenses TotalFunctionalExpensesGrp

Field	Value	IRS element (for citing)
Total	$7,815,459	TotalAmt
Program Services	$6,802,124	ProgramServicesAmt
Management And General	$729,967	ManagementAndGeneralAmt
Fundraising	$283,368	FundraisingAmt

Cash Non Interest Bearing CashNonInterestBearingGrp

Field	Value	IRS element (for citing)
BOY	$16,330	BOYAmt
EOY	$86,940	EOYAmt

Savings And Temp Cash Invst SavingsAndTempCashInvstGrp

Field	Value	IRS element (for citing)
BOY	$621,076	BOYAmt
EOY	$2,248,199	EOYAmt

Pledges And Grants Receivable PledgesAndGrantsReceivableGrp

Field	Value	IRS element (for citing)
BOY	$2,063,436	BOYAmt
EOY	$4,982,181	EOYAmt

Accounts Receivable AccountsReceivableGrp

Field	Value	IRS element (for citing)
BOY	$46,776	BOYAmt
EOY	$30,806	EOYAmt

Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp

Field	Value	IRS element (for citing)
BOY	$6,296	BOYAmt
EOY	$7,395	EOYAmt

Field	Value	IRS element (for citing)
Land Bldg Equip Cost Or Other Bss	$290,250	LandBldgEquipCostOrOtherBssAmt
Land Bldg Equip Accum Deprec	$122,360	LandBldgEquipAccumDeprecAmt

Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp

Field	Value	IRS element (for citing)
BOY	$287,832	BOYAmt
EOY	$167,890	EOYAmt

Other Assets Total OtherAssetsTotalGrp

Field	Value	IRS element (for citing)
BOY	$143,753	BOYAmt
EOY	$0	EOYAmt

Total Assets TotalAssetsGrp

Field	Value	IRS element (for citing)
BOY	$3,185,499	BOYAmt
EOY	$7,523,411	EOYAmt

Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp

Field	Value	IRS element (for citing)
BOY	$48,227	BOYAmt
EOY	$114,999	EOYAmt

Deferred Revenue DeferredRevenueGrp

Field	Value	IRS element (for citing)
BOY	$54,144	BOYAmt
EOY	$51,602	EOYAmt

Total Liabilities TotalLiabilitiesGrp

Field	Value	IRS element (for citing)
BOY	$102,371	BOYAmt
EOY	$166,601	EOYAmt

Field	Value	IRS element (for citing)
Organization Follows SFAS117	Yes (X)	OrganizationFollowsSFAS117Ind

Unrestricted Net Assets UnrestrictedNetAssetsGrp

Field	Value	IRS element (for citing)
BOY	$628,136	BOYAmt
EOY	$1,021,356	EOYAmt

Temporarily Rstr Net Assets TemporarilyRstrNetAssetsGrp

Field	Value	IRS element (for citing)
BOY	$2,454,992	BOYAmt
EOY	$6,335,454	EOYAmt

Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp

Field	Value	IRS element (for citing)
BOY	$3,083,128	BOYAmt
EOY	$7,356,810	EOYAmt

Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp

Field	Value	IRS element (for citing)
BOY	$3,185,499	BOYAmt
EOY	$7,523,411	EOYAmt

Field	Value	IRS element (for citing)
Reconcilation Revenue Expnss	$4,273,682	ReconcilationRevenueExpnssAmt
Other Changes In Net Assets	$0	OtherChangesInNetAssetsAmt
Method Of Accounting Accrual	Yes (X)	MethodOfAccountingAccrualInd
Accountant Compile Or Review	0	AccountantCompileOrReviewInd
FS Audited	Yes (1)	FSAuditedInd

FS Audited Basis FSAuditedBasisGrp

Field	Value	IRS element (for citing)
Separate Basis Fincl Stmt	Yes (X)	SeparateBasisFinclStmtInd

Field	Value	IRS element (for citing)
Audit Committee	Yes (1)	AuditCommitteeInd
Federal Grant Audit Required	0	FederalGrantAuditRequiredInd

Schedule A IRS990ScheduleA

Field	Value	IRS element (for citing)
Public Organization170	Yes (X)	PublicOrganization170Ind

Gifts Grants Contri Rcvd170 GiftsGrantsContriRcvd170Grp

Field	Value	IRS element (for citing)
Current Tax Year Minus4 Years	$1,095,036	CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years	$3,452,225	CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years	$3,135,341	CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year	$5,653,224	CurrentTaxYearMinus1YearAmt
Current Tax Year	$10,404,692	CurrentTaxYearAmt
Total	$23,740,518	TotalAmt

Total Calendar Year170 TotalCalendarYear170Grp

Field	Value	IRS element (for citing)
Current Tax Year Minus4 Years	$1,095,036	CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years	$3,452,225	CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years	$3,135,341	CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year	$5,653,224	CurrentTaxYearMinus1YearAmt
Current Tax Year	$10,404,692	CurrentTaxYearAmt
Total	$23,740,518	TotalAmt

Field	Value	IRS element (for citing)
Substantial Contributors Tot	$4,829,992	SubstantialContributorsTotAmt
Public Support Total170	$18,910,526	PublicSupportTotal170Amt

Gross Investment Income170 GrossInvestmentIncome170Grp

Field	Value	IRS element (for citing)
Current Tax Year Minus4 Years	$484	CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years	$284	CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years	$472	CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year	$2,320	CurrentTaxYearMinus1YearAmt
Current Tax Year	$7,795	CurrentTaxYearAmt
Total	$11,355	TotalAmt

Other Income170 OtherIncome170Grp

Field	Value	IRS element (for citing)
Current Tax Year	$1,072	CurrentTaxYearAmt
Total	$1,072	TotalAmt

Field	Value	IRS element (for citing)
Total Support	$23,752,945	TotalSupportAmt
Gross Receipts Rltd Activities	$2,379,931	GrossReceiptsRltdActivitiesAmt
Public Support CY170	0.79610	PublicSupportCY170Pct
Public Support PY170	0.87890	PublicSupportPY170Pct
Thirty Thr Pct Suprt Tests CY170	Yes (X)	ThirtyThrPctSuprtTestsCY170Ind

Schedule B IRS990ScheduleB

Contributor Information ContributorInformationGrp

Field	Value	IRS element (for citing)
Contributor	RESTRICTED	ContributorNum

Contributor Business Name ContributorBusinessName

Field	Value	IRS element (for citing)
Business Name Line1	RESTRICTED	BusinessNameLine1

Contributor US Address ContributorUSAddress

Field	Value	IRS element (for citing)
Address Line1	RESTRICTED	AddressLine1
Address Line2	RESTRICTED	AddressLine2
City	RESTRICTED	City
State	RESTRICTED	State
ZIP Code	RESTRICTED	ZIPCode

Field	Value	IRS element (for citing)
Total Contributions	RESTRICTED	TotalContributionsAmt

Schedule D IRS990ScheduleD

Equipment EquipmentGrp

Field	Value	IRS element (for citing)
Other Cost Or Other Basis	$290,250	OtherCostOrOtherBasisAmt
Depreciation	$122,360	DepreciationAmt
Book Value	$167,890	BookValueAmt

Field	Value	IRS element (for citing)
Total Book Value Land Buildings	$167,890	TotalBookValueLandBuildingsAmt
Footnote Text	Yes (X)	FootnoteTextInd
Total Rev Etc Audited Fincl Stmt	$13,211,638	TotalRevEtcAuditedFinclStmtAmt
Donated Services And Use Fclts	$1,122,497	DonatedServicesAndUseFcltsAmt
Revenue Not Reported	$1,122,497	RevenueNotReportedAmt
Revenue Subtotal	$12,089,141	RevenueSubtotalAmt
Revenue Not Reported Fincl Stmt	$0	RevenueNotReportedFinclStmtAmt
Total Revenue Per Form990	$12,089,141	TotalRevenuePerForm990Amt
Tot Expns Etc Audited Fincl Stmt	$8,937,956	TotExpnsEtcAuditedFinclStmtAmt
Donated Services Use Fclts	$1,122,497	DonatedServicesUseFcltsAmt
Expenses Not Reported	$1,122,497	ExpensesNotReportedAmt
Expenses Subtotal	$7,815,459	ExpensesSubtotalAmt
Expenses Not Rpt Fincl Stmt	$0	ExpensesNotRptFinclStmtAmt
Total Expenses Per Form990	$7,815,459	TotalExpensesPerForm990Amt

Supplemental Information Detail SupplementalInformationDetail

Field	Value	IRS element (for citing)
Form And Line Reference	PART X, LINE 2:	FormAndLineReferenceDesc
Explanation	FOR THE YEARS ENDED DECEMBER 31, 2015 AND 2014, 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.	ExplanationTxt

Schedule F IRS990ScheduleF

Field	Value	IRS element (for citing)
Grant Records Maintained	Yes (1)	GrantRecordsMaintainedInd

Account Activities Outside US AccountActivitiesOutsideUSGrp (2 entries)

RegionRegionTxt	OfficesOfficesCnt	EmployeeEmployeeCnt	Type Of Activities ConductedTypeOfActivitiesConductedTxt	Region Total ExpendituresRegionTotalExpendituresAmt
EUROPE	0	0	GRANTS TO RECIPIENTS LOCATED IN REGION	$1,160,247
SUB-SAHARAN AFRICA	0	0	GRANTS TO RECIPIENTS LOCATED IN REGION	$205,001

Field	Value	IRS element (for citing)
Subtotal Offices	0	SubtotalOfficesCnt
Subtotal Employees	0	SubtotalEmployeesCnt
Continutation Total Office	0	ContinutationTotalOfficeCnt
Continutation Total Employee	0	ContinutationTotalEmployeeCnt
Total Office	0	TotalOfficeCnt
Total Employee	0	TotalEmployeeCnt
Subtotal Spent	$1,365,248	SubtotalSpentAmt
Continuation Spent	$0	ContinuationSpentAmt
Total Spent	$1,365,248	TotalSpentAmt

Grants To Org Outside US GrantsToOrgOutsideUSGrp (2 entries)

RegionRegionTxt	Purpose Of GrantPurposeOfGrantTxt	Cash GrantCashGrantAmt	Manner Of Cash DisbursementMannerOfCashDisbursementTxt	Non Cash AssistanceNonCashAssistanceAmt	Description Of Non Cash AsstDescriptionOfNonCashAsstTxt	Valuation Method UsedValuationMethodUsedDesc
EUROPE	GENERAL OPERATIONS, FUNDACION WORLD READER.	$1,160,247	WIRE
SUB-SAHARAN AFRICA	GENERAL OPERATIONS, WORLDREADER GHANA.	$148,451	WIRE	$56,550	600 E-READERS & ACCESSORIES	FMV

Field	Value	IRS element (for citing)
Total501c3 Org	2	Total501c3OrgCnt
Total Other Org	0	TotalOtherOrgCnt
Transfer To Foreign Corp	Yes (1)	TransferToForeignCorpInd
Interest In Foreign Trust	0	InterestInForeignTrustInd
Foreign Corp Ownership	Yes (1)	ForeignCorpOwnershipInd
Passive Foreign Investmest Co	0	PassiveForeignInvestmestCoInd
Foreign Partnership	0	ForeignPartnershipInd
Boycott Countries	0	BoycottCountriesInd

Supplemental Information Detail SupplementalInformationDetail

Field	Value	IRS element (for citing)
Form And Line Reference	PART I, LINE 2:	FormAndLineReferenceDesc
Explanation	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.	ExplanationTxt

Schedule M IRS990ScheduleM

Books And Publications BooksAndPublicationsGrp

Field	Value	IRS element (for citing)
Non Cash Checkbox	Yes (X)	NonCashCheckboxInd
Noncash Contributions Rpt F990	$2,366,515	NoncashContributionsRptF990Amt
Method Of Determining Revenues	AVERAGE COST	MethodOfDeterminingRevenuesTxt

Securities Publicly Traded SecuritiesPubliclyTradedGrp

Field	Value	IRS element (for citing)
Non Cash Checkbox	Yes (X)	NonCashCheckboxInd
Contribution	11	ContributionCnt
Noncash Contributions Rpt F990	$1,116,735	NoncashContributionsRptF990Amt
Method Of Determining Revenues	FMV	MethodOfDeterminingRevenuesTxt

Other Non Cash Contri Table OtherNonCashContriTableGrp

Field	Value	IRS element (for citing)
Non Cash Checkbox	Yes (X)	NonCashCheckboxInd
Desc	E-READER ACCESSORIES	Desc
Contribution	6	ContributionCnt
Noncash Contributions Rpt F990	$308,780	NoncashContributionsRptF990Amt
Method Of Determining Revenues	RETAIL VALUE	MethodOfDeterminingRevenuesTxt

Field	Value	IRS element (for citing)
Form8283 Received	0	Form8283ReceivedCnt
Any Property That Must Be Held	0	AnyPropertyThatMustBeHeldInd
Review Process Unusual NC Gifts	0	ReviewProcessUnusualNCGiftsInd
Third Parties Used	0	ThirdPartiesUsedInd

Supplemental Information Detail SupplementalInformationDetail

Field	Value	IRS element (for citing)
Form And Line Reference	PART I, COLUMN (B):	FormAndLineReferenceDesc
Explanation	PART I, COLUMN B REPRESENTS THE NUMBER OF CONTRIBUTORS WHO PROVIDED CONTRIBUTIONS TO THE ORGANIZATION DURING THE YEAR.	ExplanationTxt

Schedule O IRS990ScheduleO

Supplemental Information Detail SupplementalInformationDetail (7 entries)

Form And Line ReferenceFormAndLineReferenceDesc	ExplanationExplanationTxt
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 FIVE YEARS, WORLDREADER HAS REACHED 3,077,000 READERS IN 69 COUNTRIES WITH A DIGITAL LIBRARY OF 31,900 LOCAL AND INTERNATIONAL E-BOOKS VIA E-READERS AND MOBILE PHONES, AND PLANS TO REACH 15 MILLION READERS BY 2018. 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 BRING BOOKS TO ALL. FOR MORE INFORMATION ON WORLDREADER, PLEASE VISIT WWW.WORLDREADER.ORG.
FORM 990, PART III, LINE 4A:	WORLDREADER'S 3 LARGEST PROGRAM SERVICES ARE: - 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 6. THE VISION IS THAT THE CHILDREN'S PRE-LITERACY SKILLS AND SCHOOL READINESS WILL IMPROVE. 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. - WORLDREADER HAS 132 EARLY READING PROJECTS THAT ENCOMPASS 281 SCHOOLS AND 34 LIBRARIES IN 13 SUB-SAHARAN AFRICAN COUNTRIES. STUDENTS IN WORLDREADER'S E-READER 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, ONE WORLDREADER PARTNER SCHOOL REPORTED A 18.7% INCREASE IN LITERACY PROFICIENCY IN ITS 6TH GRADE STUDENTS IN GHANA AS COMPARED TO CONTROL (PENCILS OF PROMISE QUARTERLY TRANSPARENCY REPORT Q1 2016). - THROUGH ITS LIFELONG READING PROGRAM, WORLDREADER ALLOWS INDIVIDUALS WITH MOBILE PHONES TO READ BOOKS FOR FREE. 3.6M 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 11	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 ITS DECISION AS TO WHETHER TO ENTER INTO THE TRANSACTION OR ARRANGEMENT.
FORM 990, PART VI, SECTION B, LINE 15A	WORLDREADER COMPENSATES ITS PRESIDENT/CEO AS OF 6/1/2015. 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 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 JUNE 2015.
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 TEN 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. ONE OF THE DIRECTORS, COLIN MCELWEE PLAYS A SIGNIFICANT ROLE IN THE EXERCISE OF THE ORGANIZATION'S EXEMPT FUNCTION. 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 THE 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.