2013-05-13T13:38:30-05:00 2012-09-30 521511275 Raffa PC 1899 L Street NW Suite 900 Washington DC 20009 990 2011-10-01 520976257 Reading is Fundamental Inc READ 2025363400 1730 Rhode Island Avenue NW 11th FL Washington DC 20036 Carol Hampton Rasco 2025363400 2013-05-13 1 Frank H Smith P00639053 2028225000 2013-04-30 2011 2016-02-24 21:20:13Z Carol Hampton Rasco 1730 Rhode Island Avenue NW 11th FL Washington DC 20036 23012104 0 X www.rif.org X 1973 DC Motivating children to read by making reading a fun and beneficial part of everyday life. 27 27 84 400027 110305 3355 35834041 22222310 2436 2686 425831 5357 233530 287025 36495838 22517378 514326 777857 0 0 4658804 2540396 61763 553000 1110554 28705579 18980011 33940472 22851264 2555366 -333886 21215983 15567874 6340793 1026624 14875190 14541250 X The vision of Reading Is Fundamental, Inc. (RIF) is a literate America in which all children have access to books and discover the joys and value of reading. Founded in 1966, RIF motivates children to read by working with them, their parents, and community members to make reading a fun and beneficial part of everyday life. RIF's highest priority is reaching underserved children from birth to age 8. 0 1 16101458 777857 Books for Ownership: RIF's largest program service is Books for Ownership (BFO). A "local RIF program" that operates the BFO service conducts between two and five book distributions per year where the participating children each select a book to keep. Each book distribution also includes motivational activities designed to encourage the participating children to read for pleasure. Through community volunteers in every state and U.S. territory, RIF provided approximately 4 million children with approximately 10 million new, free books.Most "local RIF programs" that conduct the BFO service receive funds from RIF's "Inexpensive Book Distribution Program (IBDP)" contract with the U.S. Department of Education (Education). RIF has contracted with Education to operate the IBDP since 1976. Under the IBDP, individual local RIF programs order inexpensive books from a list of approximately 140 approved book suppliers. The local program submits a contractually specified amount of locally raised funds directly to the book suppliers and then submits the invoice to RIF. After RIF confirms with the book suppliers that the local funds have been paid, RIF then remits the balance of the invoice to the book suppliers from federal funds it has drawn down. RIF also receives contributions from nongovernmental donors to fund the BFO service at local RIF programs. During 2011, the IBDP contract was removed from the Department of Education's (DOE) fiscal year 2012 budget. Beginning in fiscal year 2013, RIF will no longer have an IBDP contract with the DOE. 1919555 Community Literacy Awareness: RIF conducts major multidisciplinary projects that are tailored to the specific needs of individual communities. These projects combine the distribution of books to children, similar to the BFO services, with elements of other RIF program services. A multidisciplinary project is usually funded by a single donor. 169180 Other: Other RIF programs include literacy events hosted by RIF and their literacy partners throughout the United States, which help promote literacy and inform others about RIF's mission. 62430 Volunteer Recognition: Each year, RIF solicits nominations from around the country for its Volunteer of the Year Awards (VOYA). A panel of judges selects regional winners based upon the individual's demonstrated concern for children and education, exceptional dedication to fulfilling RIF's mission, and development of innovative programs that encourage family and community involvement. The winners and their nominators are honored at a celebration in Washington, DC. In 2009, RIF launched the RIF Ambassadors Initiative as a way to further engage RIF's volunteers and leverage the enthusiasm of RIF's volunteers in all 50 states. RIF also continues to hold regional gatherings in cities around the country to provide an opportunity for RIF's volunteers to network with one another and meet RIF's staff and other friends of RIF. 56112 2686 Literacy services: RIF's literacy services include family and community engagement and literacy training for educators. Family and community engagement activities are designed to help parents take a leading role in encouraging their children's literacy development. With the guidance of RIF's volunteers, parents participate in workshops, book distributions, and reading celebrations. RIF conducts literacy training for early childhood educators. This training is designed to support children's emerging literacy skills. The training is done through a "train the trainer" model that prepares participants to return to their communities and deliver the training to their colleagues and communities.RIF contracts with independent outside experts to evaluate RIF's program activities to identify areas of need and establish procedures for continuous quality improvement. 118542 2686 18308735 1 1 0 0 0 0 0 0 0 1 1 0 0 0 1 1 1 0 0 0 0 0 0 1 1 0 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 34 0 1 84 1 1 1 0 0 0 0 1 1 0 0 0 0 X 27 27 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 AL AK AZ AR CA CT FL GA HI IL IN KS KY ME MD MA MI MN MS NH NJ NM NY NC ND OH OK PA RI SC TN UT VA WA WV WI X X Romeo Ferrufino 2025363400 1730 Rhode Island Ave NW 11th Floor Washington DC 20036 John F Remondi 1.50 X X 0 0 0 Robert S Diamond 1.50 X X 0 0 0 William ME Rachal Jr 1.50 X X 0 0 0 Loretta Barrett 1.50 X X 0 0 0 Alexandra Armstrong 1.50 X 0 0 0 Kenneth Bentley 1.50 X 0 0 0 Marcia Carlucci 1.50 X 0 0 0 Christopher Cerf 1.50 X 0 0 0 Marie-Agnes Daumas 1.50 X 0 0 0 Lon R Greenberg 1.50 X 0 0 0 William Hansen 1.50 X 0 0 0 Crystal Echo Hawk 1.50 X 0 0 0 Roberta Horton 1.50 X 0 0 0 Juanita James 1.50 X 0 0 0 JJ Johnson 1.50 X 0 0 0 Dr Claude A Mayberry 1.50 X 0 0 0 Christy Moberly 1.50 X 0 0 0 Michael Monahan 1.50 X 0 0 0 Emely Moore 1.50 X 0 0 0 Margaret McNamara Pastor 1.50 X 0 0 0 John F Polstein 1.50 X 0 0 0 Lynda Johnson Robb 1.50 X 0 0 0 Richard D Simmons 1.50 X 0 0 0 Carolyn Simpson 1.50 X 0 0 0 Dr Carol B Sisco 1.50 X 0 0 0 Arthur H White 1.50 X 0 0 0 Rick Zimmerman 1.50 X 0 0 0 Carol Hampton Rasco 40.00 X 228390 0 19610 Ernestine Benedict 40.00 X 134952 0 7335 Lynn Croneberger 40.00 X 132072 0 12171 495414 0 39116 3 1 1 0 Mothers Industries LLC 595 11th Avenue New York NY 10036 PSA & video production 261003 Development Resources Inc 1601 N Kent St 1200 Arlington VA 22209 Professional fundraising 207040 Fable Vision Inc 308 Congress St 6th FL Boston MA 02210 Web development 159250 BDO 7101 Wisconsin Ave Suite 800 Bethesda MD 208144827 Professional consulting 137325 Smarter Learning Group Inc 4011 Yoke Drive Hampstead MD 21074 Professional consulting 136041 5 427077 14233811 7561422 5024 22222310 Training programs 900099 2686 2686 2686 1744 1744 314748 314748 132915 127972 4943 4943 4943 173948 170335 3613 3613 3613 49500 427077 196419 -146919 -146919 Promotional revenue 900099 110000 110000 Other revenue 900099 3948 3948 On-Line store 454110 305 305 114253 22517378 2686 110305 182077 777857 777857 244200 65934 178266 1934643 785331 941937 207375 72821 29712 34626 8483 120587 49501 59624 11462 168145 65560 85569 17016 50784 50784 235486 235486 553000 553000 8 8 1317295 834414 344120 138761 271713 129919 72269 69525 88743 16158 72585 881523 4375 877148 143485 130440 5752 7293 399183 399183 28697 28697 Books-local RIF prgms 15288141 15280333 2309 5499 Printing & reproduction 231336 138134 4673 88529 Bad debt expense 31500 31500 Other services 12117 1067 7439 3611 22851264 18308735 3431975 1110554 22191 226790 13499360 13831413 5972505 626203 15 234012 220555 2875514 2212601 1485448 662913 2452 0 21215983 15567874 3876365 546954 1100000 1364428 479670 6340793 1026624 X 5408747 5174082 8824833 8775558 641610 591610 14875190 14541250 21215983 15567874 X -333886 -54 X 0 1 1 X 1 1 X 31762836 33956840 30961457 35834041 22222310 154737484 31762836 33956840 30961457 35834041 22222310 154737484 19864153 134873331 241491 186723 214874 287567 316492 1247147 811 622 8554 15067 25054 122 48434 26 3948 52530 156062215 208500 0.86420 0.88800 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 762296 -50000 178 34304 678170 569908 144193 55199 7004 762296 507624 20000 57240 14956 569908 532440 -14335 10481 507624 0.00000 0.87240 0.12760 0 0 484805 327650 157155 2390709 1884951 505758 662913 Deferred rent and lease incentives 419013 Deposit 60657 479670 22517378 22851264 -333886 -54 -54 -333940 33836436 -54 11131249 196419 11327614 22508822 8556 8556 22517378 34170376 11131249 196419 11327668 22842708 8556 8556 22851264 Description of Intended Use of Endowment Funds: Part V, Line 4: Earnings from the endowment funds are recorded and made available for operations through an annual allocation of up to 5% of the fund. The allocation is based on a three-year rolling average of the investment's market value, determined as of March 31 of the year prior to the budget year. Each year, as part of RIF's budgeting process, RIF reviews the appropriate level of payout for the following fiscal year. Fund disbursements are paid at the end of each quarter in the fiscal year. Each fund's operating income is utilized as set forth in the specific applicable endowment agreement. The general endowment fund's income is utilized for general operations. Description of Uncertain Tax Positions Under FIN 48: Part X: RIF performed an evaluation of uncertain tax positions for the years ended September 30, 2012 and 2011, and determined that there were no matters that would require recognition in the financial statements or that may have any effect on its tax-exempt status. Part XII, Line 2d - Other Adjustments: Special event expenses 196,419. Part XII, Line 4b - Other Adjustments: Gain on disposal of fixed assets 3,613. Sublease income 4,943. Part XIII, Line 2d - Other Adjustments: Special event expenses 196,419. Part XIII, Line 4b - Other Adjustments: Gain on disposal of fixed assets 3,613. Sublease income 4,943. X X X X X X X 1 April Hendrickson 1928 Calvert Street NW Washington DC 20009 Special events 0 476577 60000 416577 Lautman Maska Neil & Company 1730 Rhode Island Avenue NW Suite Washington DC 20036 Direct mail 0 322504 78000 244504 Development Resources Inc 1601 North Kent Street Suite 1200 Arlington VA 22209 Development strategic plan & oversight of staff 0 0 475000 -475000 799081 613000 186081 AL AK AZ AR CA CO CT DC FL GA IL IN KS KY ME MD MA MI MN MS MO NH NJ NM NY NC ND OH OK OR PA RI SC TN UT VA WA WV WI Fundraising Gala/Auction 476577 427077 49500 645 80660 17693 97421 476577 427077 49500 645 80660 17693 97421 196419 -146919 1 Reading is Fundamental of Southern California 7250 Bandini Boulevard Suite 208 Los Angeles CA 90040 237425712 501 (C)(3) 99074 Purchase of books Brooklyn Public Library 10 Grand Army Plaza Brooklyn NY 11238 111904361 501 (C)(3) 42415 Purchase of books Miami-Dade Family Learning Partnership Inc 10800 Biscayne Boulevard Suite 500 Miami FL 33160 141916606 501 (C)(3) 63677 Purchase of books Dallas ISD 2909 N Buckner Boulevard Dallas TX 752284861 756001278 501 (C)(3) 41309 Purchase of books Oakland Unified School District 314 E 10th Street Room 215 Oakland CA 94606 946000385 501 (C)(3) 29354 Purchase of books Communities In Schools of Atlanta 600 West Peachtree Street 1250 Atlanta GA 30308 581152807 501 (C)(3) 20171 Purchase of books ReadBostonBoston Public Schools 43 Hawkins Street Boston MA 02114 042681311 501 (C)(3) 25968 Purchase of books Communities in Schools of New Orleans Inc PO Box 792800 New Orleans LA 70179 721317054 501 (C)(3) 6052 Purchase of books San Antonio ISD Library Media Services 1811 S Laredo Room 108 San Antonio TX 78207 746002167 501 (C)(3) 15716 Purchase of books Philadelphia Reads 325 Chestnut Street Suite 903 Philadelphia PA 19106 271723052 501 (C)(3) 5265 Purchase of books RIF of Northern Virginia 1834 Satinwood Court Vienna VA 22182 510155758 501 (C)(3) 17274 Purchase of books Page Ahead 1130 NW 85th Street Seattle WA 98117 911600084 501 (C)(3) 28634 Purchase of books RIF in Chicago 2211 West Street River Grove IL 60171 237248445 501 (C)(3) 20646 Purchase of books Reach Out and Read Greater Baltimore 1001 East Fayette Street Baltimore MD 21202 043481253 501 (C)(3) 18140 Purchase of books Reading is Fundamental Pittsburgh 10 Childrens Way Suite 300 Pittsburgh PA 15212 251558336 501 (C)(3) 21810 Purchase of books Newark Preschool Council 10 Park Place 4th Floor Newark NJ 07012 221777158 501 (C)(3) 17873 Purchase of books Southwest Human Development 2850 N 24th Street Phoenix AZ 85008 860407179 501 (C)(3) 13207 Purchase of books BookSpring PO Box 143147 Austin TX 78714 742542664 501 (C)(3) 18602 Purchase of books Read Aloud America 1314 South King Street Suite G4 Honolulu HI 96814 990323798 501 (C)(3) 17100 Purchase of books Fresno County Office of Education - Migrant Program 1684 W Shaw Avenue Fresno CA 93711 946002210 501 (C)(3) 14718 Purchase of books Lansing School District RIF 1705 Opaline Drive Lansing MI 48917 386001599 501 (C)(3) 12487 Purchase of books St Aloysius Education Clinic 219 West 132nd Street New York NY 10027 133415339 501 (C)(3) 10604 Purchase of books Durham County Library 300 N Roxboro Street Durham NC 27701 566000297 501 (C)(3) 10299 Purchase of books RIF St Louis Inc 6300 Northwood 2E St Louis MO 63105 510159152 501 (C)(3) 6911 Purchase of books Denver Public Schools 1330 Fox Street Denver CO 80204 846001099 501 (C)(3) 12005 Purchase of books O'Connell & South Side FRC 120 Park Street Bristol CT 06010 066001866 501 (C)(3) 10609 Purchase of books Miami Valley Child Development Centers Inc 215 Horace Street Dayton OH 45402 310713127 501 (C)(3) 14773 Purchase of books Manor RIF 8500 Decker Lane Austin TX 78724 746003097 501 (C)(3) 8236 Purchase of books Reach Out and Read Kansas City 3901 Rainbow Boulevard MS 4004 Kansas City KS 66218 480547734 501 (C)(3) 7945 Purchase of books District 279 Foundation 11200 93rd Avenue N Maple Grove MN 55369 411705060 501 (C)(3) 9929 Purchase of books The Public Education Foundation (Clark County Reads) 3360 W Sahara Avenue Suite 160 Las Vegas NV 89102 880275767 501 (C)(3) 12222 Purchase of books Williamette Eduation Service District 2611 Pringle Road SE Salem OR 97301 931318631 501 (C)(3) 11989 Purchase of books Pajaro Valley RIF 3050 Marlo Court 7 Apto CA 95003 237066840 501 (C)(3) 10849 Purchase of books San Mateo County Office of Education 101 Twin Dolphine Drive Redwood City CA 94065 946002468 501 (C)(3) 8722 Purchase of books Delta Lambda RIF - Monterey 150 Shady Lane Monterey CA 93940 946130720 501 (C)(3) 8472 Purchase of books Northrop Garfield PTO 950 E Reagan Parkway Medina OH 44256 270264807 501 (C)(3) 7013 Purchase of books First AME Child and Family Center 1912 East Madison Street Seattle WA 98122 911127055 501 (C)(3) 6909 Purchase of books Marsing School District PO Box 340 Marsing ID 83639 826000855 501 (C)(3) 5773 Purchase of books Campbell Elementary 91 Elder Street Fairbum GA 30213 586000246 501 (C)(3) 5105 Purchase of books 39 0 Procedure for Monitoring Grants in the U.S.: Part I, Line 2: Schedule I, Part I, Line 2: RIF monitors the use of grant funds by requiring recipients to use the funds to purchase books from RIF's list of approved vendors. In addition, RIF reviews the invoices for the books that were purchased by the grant recipients and remits payment directly to the book vendor ensuring that the funds are spent on books. X X X X 0 0 0 0 0 0 0 0 0 Carol Hampton Rasco 217390 0 11000 0 0 0 11000 0 8610 0 248000 0 0 0 Lynn Croneberger 132072 0 0 0 0 0 6560 0 5611 0 144243 0 0 0 Changes in Program Services Form 990, Part III, line 3 During 2011, the IBDP contract was removed from the Department of Education's (DOE) fiscal year 2012 budget. Approximately 42% and 77% of RIF's 2012 and 2011 revenue, respectively, was received from the IBDP contract. In addition, 14% and 15%, respectively, of RIF's 2012 and 2011 revenue came from one corporate donor. Management significantly restructured its organization, including a significant reduction in staff and other operating costs, which is in-line with RIF's revenue from nonfederal sources. In addition, RIF is working to increase nonfederal donations. Form 990, Part VI, Section B, line 11 RIF's Finance/Audit Committee of the Board of Directors reviews the federal Form 990. It is then distributed to the entire Board of Directors before it is filed with the Internal Revenue Service (IRS). Form 990, Part VI, Section B, line 12c RIF's Conflict of Interest policy ("Policy") applies to Board members, Officers and RIF senior managers (collectively "RIF Insiders"). The Policy requires that a RIF Insider disclose any potential conflict to the Board of Directors or a designated Committee of the Board. Violations of the Policy will result in appropriate disciplinary and corrective action, up to and including dismissal. RIF Insiders are required on an annual basis to sign a statement affirming that he or she: - Has received a copy of the Policy, - Has read and understands the Policy, - Has agreed to comply with, and has complied with the Policy, - Understands that RIF is a charitable and educational organization and that, in order to maintain its federal tax exemption and preserve RIF's valuable reputation, RIF must engage primarily in activities that accomplish its tax exempt purpose. Form 990, Part VI, Section B, line 15 To begin the annual evaluation of the President and CEO, the Chair of the Board first solicits input from all Board members concerning the President's performance. The Executive Committee then considers the input of the responding Board members in its review of the President, and reports back to the Board of Directors its evaluation. The Executive Committee then shares its evaluation with the President. The Executive Committee then consults comparability surveys to determine the President's compensation for the next year. Concerning Vice Presidents and other key employees, the CEO provides to the Board of Directors in the executive session at each Board meeting a current review of each Vice President and key employee. In years when salary increases are contemplated, the CEO also presents to the Board of Directors the compensation of each Vice President and key employee and reports on the increases to be provided to each person. Form 990, Part VI, Section C, line 19 RIF submits its audited financial statements, federal Form 990 and IRS Letter of Determination (of RIF's tax exempt status) to Guidestar for publication on that service. RIF also publishes its federal Form 990 on its own website. To-date, RIF has not published its conflict of interest policy for access by the general public. All documents are also available upon request. Changes in Net Assets or Fund Balances: Form 990, Part XI, line 5: Net unrealized losses on investments: -54.