2011-06-08T14:03:35-05:00 2010-07-31 BERGER LEWIS ACCOUNTANCY CORP 55 ALMADEN BLVD STE 600 SAN JOSE CA 95113 990 2009-08-01 770568469 Reading Partners READ 5104449800 106 Linden St No 202 Oakland CA 94607 Michael Lombardo 5104449800 2011-05-27 1 Randy G Peterson CPA 4084941200 2011-05-27 2009 2016-02-24 21:20:13Z Michael Lombardo 106 LINDEN ST 202 OAKLAND CA 94607 1601161 0 X www.readingpartners.org X 2001 CA THE ORGANIZATION PARTNERS WITH SCHOOLS TO PROVIDE ONE-ON-ONE LITERACY TUTORING. 11 11 38 1251 0 0 1620367 1489925 101367 -2534 1137 0 1617833 1592429 0 0 1304205 1265560 0 146341 335917 284042 1640122 1549602 -22289 42827 879879 863558 51493 72641 828386 790917 HELP CHILDREN BECOME LIFELONG READERS BY EMPOWERING COMMUNITIES TO PROVIDE INDIVIDUALIZED INSTRUCTION WITH MEASURABLE RESULTS. READING PARTNERS PROVIDES LITERACY INTERVENTION SERVICES TO ELEMENTARY SCHOOLS IN UNDER-RESOURCED COMMUNITIES. 0 0 1269563 101367 LITERACY INTERVENTION PROGRAM - In its core program, Reading Partners recruits and trains community volunteers to provide one-on-one tutoring for students both during the school day and after school. The Organization will take on a dedicated space at the school, transform it into a Reading Center, and place a full time staff member who will supervise all program services and serve as the liaison to classroom teachers. A typical Reading Center will serve between 30 and 90 students.The primary program component, one-on-one tutoring, is supplemented with parent and family involvement. Students enrolled in the Reading Partners program are seen twice per week for 45-minute one-on-one tutoring sessions with trained community volunteers. The session is comprised of a highly structured, research-based curriculum which allows volunteers with little background in education to be effective tutors.In the 2009-2010 school year, 89% of Reading Partners students successfully accelerated their progress in reading, with the average student gaining an entire grade level in reading skills for every 25 hours of tutoring received. 1240 students were served during the year. 1269563 1 1 0 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 1 0 0 0 0 0 0 0 0 1 5 0 38 1 0 0 0 0 0 0 0 0 0 11 11 1 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 CA X X X matt aguiar 5104449800 106 linden st 202 oakland CA 94607 LANCE FORS 4.00 X X 0 0 0 steVE DOSTART 4.00 X X 0 0 0 scOTT ELLIS 4.00 X X 0 0 0 Adam Rak 4.00 X X 0 0 0 Stephanie Cohen 4.00 X 0 0 0 Ellen Kaye Fleishhacker 4.00 X 0 0 0 Chris Nelle 4.00 X 0 0 0 Cathy Dean 4.00 X 0 0 0 Andrea Rice 4.00 X 0 0 0 NINA SIMOSKO 4.00 X 0 0 0 TANIA WILCOX 4.00 X 0 0 0 MICHAEL LOMBARDO 60.00 X 87758 0 10089 MATT AGUIAR 60.00 X 73872 0 3207 Nandi Gunning 16.00 X 30303 0 1380 191933 0 14676 0 0 0 0 0 78719 1411206 91302 1489925 Tutoring service fees 611710 101367 101367 101367 686 686 9183 8732 451 451 451 1592429 101367 0 1137 224833 149399 53932 21502 897819 790416 22278 85125 63578 56969 3010 3599 79330 62646 7426 9258 18000 18000 24757 13473 9334 1950 6574 3803 556 2215 75605 54663 9636 11306 30420 29484 482 454 43046 37045 3802 2199 2288 1336 522 430 15 11 2 2 63018 52777 2770 7471 2081 1711 370 RECRUITING 14249 14249 Training 1905 1445 460 miscellaneous expenses 1216 136 1080 Repair and maintenance 868 868 1549602 1269563 133698 146341 235 150 98147 336405 557773 208063 3545 13321 17048 456595 176179 201293 280416 5565 19761 0 1715 879879 863558 51493 72641 51493 72641 X 278011 257376 550375 533541 828386 790917 879879 863558 X 0 1 1 X 0 X 458820 574071 1106937 1620367 1489925 5250120 458820 574071 1106937 1620367 1489925 5250120 762878 4487242 16653 24300 27912 3325 686 72876 5322996 101367 0.84300 0.87660 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 24883 17417 7466 138628 67771 70857 293084 90991 202093 280416 1592429 1549602 42827 -296 -80000 -80296 -37469 2017173 -296 425040 424744 1592429 0 1592429 1974642 425040 425040 1549602 0 1549602 Part X: Description of Uncertain Tax Positions Under FIN 48: Uncertainty in Income Taxes - Effective August 1, 2009 the Organization implemented the new accounting requirements associated with uncertainty in income taxes. Accordingly, an entity shall initially recognize the financial statement effects of a tax position when it is more-likely-than-not, based on the technical merits, that the position will be sustained upon examination. It also provides guidance for derecognition, classification, interest and penalties, accounting in interim periods, disclosure and transition. The Organization believes that it has appropriate support for any tax positions taken, and as such, does not have any uncertain tax positions that are material to the financial statements. Part XI line 7: Prior year adjustment Due to the expectation of significant future expansion of tutoring services paid for by schools and school districts the Organization has reviewed and amended its policies pertaining to accounting for these services. The Organization had previously accounted for tutoring services paid for by schools and school districts as restricted contributions in accordance with ASC 958 (formerly SFAS No. 116, Accounting for Contributions Received and Contributions Made). During the year ended July 31, 2010 the Organization revised its policy to account for tutoring services paid for by schools and school districts as exchange transactions and recognize the services as revenue in the period in which the service is provided. Management believes the revised policy better reflects the income of the Organization on an annual basis. The accounting change has been retrospectively applied to prior periods presented resulting in a decrease in temporarily restricted contributions and temporarily restricted net assets as of and for the year ended July 31, 2009 in the amount of $80,000. This revenue is now recognized instead in the fiscal year ended July 31, 2010. X 61890 ESTIMATED FAIR VALUE X 1 6384 Estimated fair value X 3 23028 ESTIMATED FAIR VALUE 0 0 1 0 Form 990, Part VI, Section A, line 2 Board member Chris Nelle is the future father-in-law of COO, Matt Aguiar. Form 990, Part VI, Section B, line 11 THE FORM 990 IS REVIEWED FOR ACCURACY AND COMPLETENESS BY THE AUDIT COMMITTEE. THE AUDIT COMMITTEE WILL PRESENT THE FORM 990 TO THE BOARD OF DIRECTORS FOR THEIR APPROVAL. ANY QUESTIONS ARISING DURING THIS REVIEW PROCESS ARE RESOLVED PRIOR TO FILING OF THE FORM. Form 990, Part VI, Section B, line 12c A REVIEW OF THE CONFLICT OF INTEREST POLICY IS A PART OF THE MONTHLY CLOSE PROCEDURES. IN ADDITION, ON A ANNUAL BASIS THE ORGANIZATION REQUIRES THE BOARD MEMBERS TO REVIEW AND SIGN THE CONFLICT OF INTEREST POLICY WHICH REQUIRES DISCLOSURES OF ANY CONFLICTS. Form 990, Part VI, Section B, line 15 THE ORGANIZATION'S PROCESS FOR DETERMINING COMPENSATION OF THE CEO AND COO INCLUDES A REVIEW OF COMPENSATION SURVEYS AND A REVIEW OF COMPENSATION PAID BY OTHER ORGANIZATIONS OF SIMILAR SIZES FOR COMPARISON. THIS DATA IS PRESENTED TO THE BOARD, APPROVED AND DOCUMENTED IN THE MINUTES. To the extent possible, employees receive periodic performance reviews. Reviews are conducted approximately every 12 months, on or about the anniversary date of employment with the Organization. However, the frequency of performance evaluations may vary depending upon the length of service, job position, past performance, changes in job duties, or recurring performance problems. For FY 10 pay raises, Compensation Salary Surveys were utilized and Board approval was secured for the CEO, COO, CFO, Regional Program Director, and Associate Director of Development senior management positions. Form 990, Part VI, Section C, line 19 THE ORGANIZATION MAKES IT GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC ON THEIR WEBSITE AS WELL AS UPON REQUEST.