2023-08-21T11:28:38-05:00 2022-12-31 366055558 GRANT THORNTON LLP 757 THIRD AVENUE 3RD FLOOR NEW YORK NY 100172013 990 2022-01-01 912003533 ROOM TO READ ROOM 4158394400 465 CALIFORNIA STREET 1000 SAN FRANCISCO CA 94104 GEETHA MURALI CEO 4158394400 2023-08-21 1 GEETHA MURALI 912003533 0 DANIEL ROMANO P00504182 2125990100 3 AAL1 IAL1 2022 2023-04-26 12:10:37Z GEETHA MURALI 465 CALIFORNIA STREET 1000 SAN FRANCISCO CA 94104 84415392 0 X WWW.ROOMTOREAD.ORG X 1999 WA ROOM TO READ IS CREATING A WORLD FREE FROM ILLITERACY AND GENDER INEQUALITY, THROUGH EDUCATION. 19 18 106 10000 0 0 87376403 63414883 0 0 483432 -3639594 -5284 -421868 87854551 59353421 1336286 2863916 0 0 29798897 33670794 0 0 6387207 28320291 30335214 59455474 66869924 28399077 -7516503 79944429 72676292 5714607 9147179 74229822 63529113 X ROOM TO READ IS CREATING A WORLD FREE FROM ILLITERACY AND GENDER INEQUALITY, THROUGH EDUCATION. 0 0 40830851 2863916 18000 OUR LITERACY PROGRAM TRANSFORMS PRIMARY SCHOOLS TO ENABLE CHILDREN TO BECOME INDEPENDENT READERS AND LIFELONG LEARNERS. OUR LITERACY PROGRAM TRAINS AND COACHES TEACHERS, CREATES QUALITY BOOKS AND CURRICULAR MATERIALS AND ESTABLISHES LIBRARIES FILLED WITH DIVERSE CHILDREN'S BOOKS IN LOCAL LANGUAGES THAT CAN BE ENJOYED AT SCHOOL OR HOME. WE PARTNER WITH LOCAL COMMUNITIES, GOVERNMENTS AND THE PUBLISHING INDUSTRY TO TEST AND IMPLEMENT INNOVATIVE MODELS THAT HELP CHILDREN SUCCEED IN SCHOOL AND DEVELOP A LOVE OF READING. TO DATE, ROOM TO READ HAS BENEFITED 38 MM CHILDREN AND MORE THAN 67035 PARTNER SCHOOLS THROUGH ITS LITERACY PORTFOLIO. (CONTINUED IN SCHEDULE O) 16880815 OUR GIRLS' EDUCATION PROGRAM HELPS GIRLS BUILD THE SKILLS TO SUCCEED IN SCHOOL AND MAKE KEY LIFE DECISIONS. WE PREPARE GIRLS TO MAKE POSITIVE CHANGE BY PROVIDING LIFE SKILLS CURRICULUM, OPPORTUNITIES FOR MENTORSHIP AND PEER SUPPORT AND FAMILY AND COMMUNITY ENGAGEMENT. OUR PROGRAM SUPPORTS YOUNG PEOPLE OF ALL GENDERS TO BUILD KNOWLEDGE AND SKILLS WITH WHICH THEY CAN CREATE A GENDER EQUAL WORLD. WE HELP GOVERNMENTS DELIVER SIMILAR PROGRAMS THROUGH THEIR OWN EDUCATION SYSTEMS.TO DATE, ROOM TO READ HAS BENEFITED 3.4MM GIRLS THROUGH ITS GIRLS' EDUCATION AND GENDER EQUALITY PORTFOLIO. (CONTINUED IN SCHEDULE O) 57711666 1 1 0 0 0 0 0 0 0 0 1 0 0 1 1 1 0 1 0 1 1 1 0 0 1 0 0 0 0 1 0 0 0 0 0 0 0 0 1 0 0 0 0 1 1 1 1 0 1 X 114 0 1 106 1 0 1 AS BG CB CA HK IN JA LA NP SZ SN SF CE TZ UK VM ZA NZ NL AE 0 0 0 1 1 0 0 0 0 0 0 X 19 18 0 0 0 0 0 0 0 1 1 0 1 1 1 1 1 1 1 1 1 1 0 AK AL AR AZ CA CT DC FL GA HI IL KS KY LA MA MD ME MI MN MS NC NH NJ NM NY OH OK OR PA RI SC TN UT VA WV X X SHARI FREEDMAN CFO 4158394000 465 CALIFORNIA ST STE 1000 SAN FRANCISCO CA 94104 GEETHA MURALI CEO / DIRECTOR 40.00 0.00 X X 358527 0 14966 JOHN RIDDING DIRECTOR 1.00 0.00 X 0 0 0 YUSUF ALIREZA BOARD CHAIR 1.00 0.00 X X 0 0 0 ANDREW BALLS DIRECTOR 1.00 0.00 X 0 0 0 MARY BYRON DIRECTOR 1.00 0.00 X 0 0 0 DR LUIS CROUCH DIRECTOR 1.00 0.00 X 0 0 0 CARL HUTTENLOCHER DIRECTOR 1.00 0.00 X 0 0 0 ELIZABETH KING DIRECTOR 1.00 0.00 X 0 0 0 JOHN LINDFORS DIRECTOR 1.00 0.00 X 0 0 0 FRANK VAN VEENENDAAL DIRECTOR 1.00 0.00 X 0 0 0 SUSAN WOJCICKI DIRECTOR 1.00 0.00 X 0 0 0 STASIA OBREMSKEY DIRECTOR 1.00 0.00 X 0 0 0 SABINE CHALMERS DIRECTOR 1.00 0.00 X 0 0 0 MIKE CANNON-BROOKES DIRECTOR 1.00 0.00 X 0 0 0 SCOTT KAPNICK DIRECTOR 1.00 0.00 X 0 0 0 LYDIE HUDSON DIRECTOR 1.00 0.00 X 0 0 0 NAJOH TITA-REID DIRECTOR 1.00 0.00 X 0 0 0 VICKY TSAI DIRECTOR 1.00 0.00 X 0 0 0 SONNY KALSI DIRECTOR 1.00 0.00 X 0 0 0 MARIA MCGLYNN CHIEF OF STAFF 40.00 0.00 X 80931 0 16312 SHARI FREEDMAN CFO 40.00 0.00 X 264140 0 34419 NICOLE SAYRES CHIEF OPERATING OFFICER 40.00 0.00 X 224902 0 25679 HEATHER SIMPSON CHIEF PROGRAM OFFICER 40.00 0.00 X 259241 0 26102 LAURIE MCMAHON CHIEF DEVCOM OFFICER 40.00 0.00 X 233677 0 9395 NANCY SHYER VICE PRESIDENT, FINANCE 40.00 0.00 X 208513 0 31046 CHRISTINE BEGGS VICE PRESIDENT, RME 40.00 0.00 X 209198 0 27516 MICHAEL BOWERS CHIEF PROGRAM IMPLEMENTATION OFFICER 40.00 0.00 X 220997 0 11829 2060126 0 197264 36 0 1 0 NEXUS PRODUCTION LIMITED 25 CHART STREET LONDON UK N1 6FA FILM PROUCTION 1064260 MOONSHINE MEDIA GROUP 2255 SHERIDAN BLVD EDGEWATER CO 80214 FILM PRODUCTION 516144 OXFORD MEASURED 5 CASTELL PLACE EYNSHAM WITNEY OXFORDSHIRE OXFORDSHIRE UK OX29 4FY CONSULTING FOR RME AND PIVOT STUDY 388253 SHERIDAN WISCONSIN PO BOX 74007142 CHICAGO IL 60674 PRINTING OF BOOKS 349380 M R STRATEGIC 1101 CONNECTICUT AVE NW 7TH FLOOR WASHINGTON WA 20036 MARKETING CONSULTANCY 302946 26 263181 3639620 59512082 6457524 63414883 350518 350518 20504619 24494731 -3990112 -3990112 -3990112 100394 263181 567240 -466846 -466846 MISCELLANEOUS REVENUE 900099 70240 70240 CONTRACT REVENUE 900099 18000 18000 CURRENCY EXCHANGE 900099 -43262 -43262 44978 59353421 18000 0 -4079462 X 2863916 2863916 1019876 625311 329011 65554 26932396 22077435 1196470 3658491 478720 308636 58090 111994 4338208 3928353 86079 323776 901594 547134 107631 246829 211351 121266 85662 4423 393383 217104 121549 54730 7076884 6022705 282529 771650 36480 36480 436804 392141 13928 30735 1839230 1518184 15551 305495 1924608 1586598 140812 197198 1454247 1248065 55199 150983 172660 170646 588 1426 13119 8817 2007 2295 105092 74886 26557 3649 LITERACY PROGRAM 7174220 7174220 DONATED BOOKS 3264316 3264316 GIRLS EDUCATION PROGRAM 2367577 2367577 STAFF RECRUITMENT & DEV 1148203 924564 192295 31344 2717040 2269792 57093 390155 66869924 57711666 2771051 6387207 12182760 10961661 1882356 710657 21568442 29456572 281467 192678 1753478 4573546 1022538 1253095 595281 529154 73597 66127 40916968 20968687 262823 4493269 79944429 72676292 808424 982468 764892 718146 4141291 7446565 5714607 9147179 X 49122464 34293203 25107358 29235910 74229822 63529113 79944429 72676292 X -7516503 -2625087 356171 -915290 X 0 1 X 1 1 1 X 54367201 59968360 61649102 87360213 63414883 326759759 54367201 59968360 61649102 87360213 63414883 326759759 24228616 302531143 188528 201538 283526 482221 350518 1506331 289416 279498 5862 21276 170634 766686 329032776 138856 0.91950 0.92080 X SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: OTHER INCOME - 2018 AMOUNT: $ 92,480. 2019 AMOUNT: $ 61,937. 2020 AMOUNT: $ 5,862. 2021 AMOUNT: $ 3,690. 2022 AMOUNT: $ 70,240. GROSS INCOME FROM FUNDRAISING - 2018 AMOUNT: $ 196,936. 2019 AMOUNT: $ 217,561. 2021 AMOUNT: $ 17,586. 2022 AMOUNT: $ 100,394. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 118083 59624 58459 234088 234036 52 243110 235494 7616 66127 OTHER ASSETS 293129 ROU ASSETS 4200140 4493269 ACCRUED LIABILITIES 3202152 LEASE LIABILITIES ( SHORT TERM) 1249666 LEASE LIABILITIES ( LONG TERM) 2994747 7446565 X PART X, LINE 2: FIN 48 (ASC 740) FOOTNOTE THE ORGANIZATION WAS INCORPORATED UNDER THE LAWS OF THE STATE OF WASHINGTON AND GRANTED TAX-EXEMPT STATUS BY THE INTERNAL REVENUE SERVICE UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE AND BY THE CALIFORNIA FRANCHISE TAX BOARD UNDER SECTION 23701D OF THE REVENUE AND TAXATION CODE. ACCORDINGLY, THE ORGANIZATION IS NOT SUBJECT TO U.S FEDERAL OR STATE INCOME TAX ON ITS INCOME OTHER THAN UNRELATED BUSINESS INCOME, AND NO PROVISION FOR INCOME TAXES HAS BEEN INCLUDED IN THESE CONSOLIDATED FINANCIAL STATEMENTS. THE ORGANIZATION FOLLOWS GUIDANCE THAT CLARIFIES THE ACCOUNTING FOR UNCERTAINTY IN TAX POSITIONS TAKEN OR EXPECTED TO BE TAKEN IN A TAX RETURN, INCLUDING ISSUES RELATING TO CONSOLIDATED FINANCIAL STATEMENT RECOGNITION AND MEASUREMENT. THIS GUIDANCE PROVIDES THAT THE TAX EFFECTS FROM AN UNCERTAIN TAX POSITION CAN ONLY BE RECOGNIZED IN THE FINANCIAL STATEMENTS IF THE POSITION IS MORE LIKELY THAN NOT TO BE SUSTAINED IF THE POSITION WERE TO BE CHALLENGED BY A TAXING AUTHORITY. THE ASSESSMENT OF THE TAX POSITION IS BASED SOLELY ON THE TECHNICAL MERITS OF THE POSITION, WITHOUT REGARD TO THE LIKELIHOOD THAT THE TAX POSITION MAY BE CHALLENGED. THE ORGANIZATION IS EXEMPT FROM FEDERAL INCOME TAX UNDER INTERNAL REVENUE CODE SECTION 501(C)(3), THOUGH IT IS SUBJECT TO TAX ON INCOME UNRELATED TO ITS EXEMPT PURPOSE, UNLESS THAT INCOME IS OTHERWISE EXCLUDED BY THE INTERNAL REVENUE CODE. THE ORGANIZATION HAS PROCESSES PRESENTLY IN PLACE TO ENSURE THE MAINTENANCE OF ITS TAX-EXEMPT STATUS, TO IDENTIFY AND REPORT UNRELATED INCOME, TO DETERMINE ITS FILING AND TAX OBLIGATIONS IN JURISDICTIONS FOR WHICH IT WAS NEXUS, AND TO IDENTIFY AND EVALUATE OTHER MATTERS THAT MAY BE CONSIDERED TAX POSITIONS. THE ORGANIZATION HAS DETERMINED THAT THERE ARE NO MATERIAL UNCERTAIN TAX POSITIONS THAT REQUIRE RECOGNITION OR DISCLOSURE IN THE CONSOLIDATED FINANCIAL STATEMENTS. 1 SOUTH ASIA - AFGHANISTAN, BANGLADESH, BHUTAN, INDIA, MALDIVES, NEPAL, 25 986 PROGRAM SERVICES LITERACY & GENDER EQUALITY 17312305 SUB-SAHARAN AFRICA - ANGOLA, BENIN, BOTSWANA, BURKINA FASO, 7 114 PROGRAM SERVICES LITERACY & GENDER EQUALITY 7235592 EAST ASIA AND THE PACIFIC - AUSTRALIA, BRUNEI, BURMA, CAMBODIA, 29 334 PROGRAM SERVICES LITERACY & GENDER EQUALITY 8696061 EUROPE (INCLUDING ICELAND & GREENLAND) - ALBANIA, ANDORRA, AUSTRIA, BELGIUM 2 6 FUNDRAISING 711955 NORTH AMERICA - CANADA AND MEXICO, BUT NOT THE UNITED STATES 1 0 FUNDRAISING 23624 SOUTH ASIA - AFGHANISTAN, BANGLADESH, BHUTAN, INDIA, MALDIVES, NEPAL, 1 5 FUNDRAISING 182055 SOUTH ASIA - AFGHANISTAN, BANGLADESH, BHUTAN, INDIA, MALDIVES, NEPAL, 1 30 SUPPORT SERVICES 1835312 EAST ASIA AND THE PACIFIC - AUSTRALIA, BRUNEI, BURMA, CAMBODIA, 4 8 FUNDRAISING 871102 EAST ASIA AND THE PACIFIC - AUSTRALIA, BRUNEI, BURMA, CAMBODIA, GRANTMAKING 1488972 SOUTH ASIA - AFGHANISTAN, BANGLADESH, BHUTAN, INDIA, MALDIVES, NEPAL, GRANTMAKING 499203 SUB-SAHARAN AFRICA - ANGOLA, BENIN, BOTSWANA, BURKINA FASO, GRANTMAKING 311618 MIDDLE EAST GRANT MAKING 564123 70 1483 0 0 70 1483 36868006 2863916 39731922 EAST ASIA AND THE PACIFIC - AUSTRALIA, BRUNEI, BURMA, CAMBODIA, LITERACY PROGRAM 1488972 0 SOUTH ASIA - AFGHANISTAN, BANGLADESH, BHUTAN, INDIA, MALDIVES, NEPAL, LITERACY PROGRAM 499203 0 SUB-SAHARAN AFRICA - ANGOLA, BENIN, BOTSWANA, BURKINA FASO, LITERACY PROGRAM 311618 0 MIDDLE EAST LITERACY PROGRAM 457662 0 MIDDLE EAST LITERACY PROGRAM 106461 0 5 0 0 1 0 0 0 PART I, LINE 2: THE COUNTRY OFFICES AND THE GLOBAL OFFICES COLLABORATE TO MANAGE GLOBAL RESOURCE ALLOCATION, COMPLIANCE, AND REGIONAL INSIGHTS/SHARING. ANNUAL BUDGET DEVELOPED JOINTLY BY THE COUNTRY AND GLOBAL OFFICES ARE APPROVED BY 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 FAMILIES, COMMUNITY LEADERS AND SCHOOL TEACHERS ON A REGULAR BASIS TO ENSURE PROPER UTILIZATION OF BOOKS AND MATERIALS PROVIDED. PROGRAM TEAMS FROM THE GLOBAL OFFICES AND THE COUNTRY OFFICES COLLABORATIVELY REVIEW THE PROGRESS OF PROGRAM TO ENSURE ACHIEVEMENT OF THE OUTCOMES ENVISAGED. PART I, LINE 3: ACCOUNTING METHOD 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. PART III ACCOUNTING METHOD: NEW YORK GALA 263007 218530 44477 SYDNEY GALA 32677 11475 21202 3 67891 33176 34715 206028 361212 363575 263181 100394 206028 361212 567240 -466846 X X X X 0 0 0 0 0 0 0 1 0 GEETHA MURALI CEO / DIRECTOR 344860 0 13667 0 0 0 5173 0 9793 0 373493 0 0 0 SHARI FREEDMAN CFO 253558 0 10582 0 0 0 13113 0 21306 0 298559 0 0 0 HEATHER SIMPSON CHIEF PROGRAM OFFICER 249377 0 9864 0 0 0 14960 0 11142 0 285343 0 0 0 NICOLE SAYRES CHIEF OPERATING OFFICER 214671 0 10231 0 0 0 12513 0 13166 0 250581 0 0 0 LAURIE MCMAHON CHIEF DEVCOM OFFICER 223395 0 10282 0 0 0 9395 0 0 0 243072 0 0 0 NANCY SHYER VICE PRESIDENT, FINANCE 199797 0 8716 0 0 0 10989 0 20057 0 239559 0 0 0 CHRISTINE BEGGS VICE PRESIDENT, RME 200122 0 9076 0 0 0 12007 0 15509 0 236714 0 0 0 MICHAEL BOWERS CHIEF PROGRAM IMPLEMENTATION OFFICER 212382 0 8615 0 0 0 0 0 11829 0 232826 0 0 0 PART I, LINE 7 NON-FIXED PAYMENTS ROOM TO READ PROVIDES PERFORMANCE BONUSES THAT ARE NONFIXED PAYMENTS AS THEY ARE NOT GUARANTEED TO BE PAID EVERY YEAR. THE BONUSES ARE PAID TO EMPLOYEES AFTER THEY HAVE MET PERFORMANCE CRITERIA SET BY MANAGEMENT BASED ON THEIR EVALUATIONS. X 5794231 FMV X 1 317476 FMV X SOFTWARE 4 319241 FMV X LAP TOPS 22 26576 FMV 0 1 0 PART I, LINE 32B: NUMBER OF CONTRIBUTIONS OR ITEMS ROOM TO READ IS REPORTING THE NUMBER OF CONTRIBUTIONS RECEIVED IN 2022 FORM 990 IN ORDER TO BE AS TRANSPARENT AS POSSIBLE ON THE OPERATIONS OF THE ORGANIZATION, ROOM TO READ (THE ORGANIZATION") HAS ELECTED TO FILE FORM 990 ON A CONSOLIDATED BASIS TO BE CONSISTENT WITH ITS CONSOLIDATED AUDITED FINANCIAL STATEMENTS. THE CONSOLIDATED FINANCIAL STATEMENTS INCLUDE ACCOUNTS OF THE ORGANIZATION, ONE REGIONAL OFFICE AND SEVEN COUNTRY OFFICES REGISTERED UNDER ROOM TO READ, AS WELL AS ACCOUNTS OF ROOM TO READ AUSTRALIA LIMITED, ROOM TO READ CANADA, ROOM TO READ (HONG KONG) LIMITED, ROOM TO READ INDIA PRIVATE COMPANY LIMITED, ROOM TO READ INDIA TRUST, ROOM TO READ GLOBAL SERVICES PRIVATE LIMITED, ROOM TO READ UNITED ARAB EMIRATES , ROOM TO READ JAPAN, ROOM TO READ NEPAL, ROOM TO READ NETHERLANDS, ROOM TO READ NEW ZEALAND CHARITABLE TRUST, ROOM TO READ SINGAPORE LIMITED, ROOM TO READ SOUTH AFRICA ASSOCIATION, ROOM TO READ-SWITZERLAND, ROOM TO READ UNITED KINGDOM LIMITED AND ROOM TO READ ZAMBIA LIMITED IN WHICH THE ORGANIZATION EFFECTIVELY HAS CONTROL AND AN ECONOMIC INTEREST. ALL INTERCOMPANY ACCOUNTS AND TRANSACTIONS HAVE BEEN ELIMINATED. FORM 990, PART III, LINE 1 , DESCRIPTION OF ORGANIZATION MISSION : ROOM TO READ IS CREATING A WORLD FREE FROM ILLITERACY AND GENDER INEQUALITY, THROUGH EDUCATION. ROOM TO READ TRANSFORMS THE LIVES OF MILLIONS OF CHILDREN THROUGH EDUCATION, CREATING A WORLD FREE FROM ILLITERACY AND GENDER INEQUALITY. FORM 990, PART III, LINE 4 A 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 FOR READING. 5,195 LIBRARIES WERE ESTABLISHED IN 2022. TO DATE WE HAVE COMPLETED A CUMULATIVE TOTAL OF 35,946 LIBRARIES . TANZANIA IMPACT STUDY CONFIRMS CHILDREN LEARNING FASTER AT ROOM TO READ SCHOOLS: A JUST COMPLETED TWO-YEAR IMPACT EVALUATION OF OUR LITERACY PROGRAM IN TANZANIA, COMPARING OUTCOMES BETWEEN 50 ROOM TO READ SCHOOLS AND 50 CONTROL SCHOOLS FOUND THAT STUDENTS IN ROOM TO READ SCHOOLS OUTPERFORM THEIR PEERS DESPITE COVID-RELATED RESTRICTIONS AND MODIFICATIONS TO OUR DELIVERY APPROACH. THE STUDY CONFIRMED THAT EVEN WITH A TRANSITION TO MOSTLY VIRTUAL LEARNING, ROOM TO READ'S LITERACY PROGRAM PROVIDES BETTER OUTCOMES THAN NON-ROOM TO READ SCHOOLS. SOUTH AFRICA TEAM HELPS SHAPE NATIONAL LITERACY CONVERSATION SOUTH AFRICA COUNTRY DIRECTOR VANESSA FRANCIS PARTICIPATED IN A 2030 READING PANEL DISCUSSION COMPOSED OF 18 PROMINENT SOUTH AFRICAN LEADERS WHO WILL MEET ANNUALLY UNTIL 2030 TO REVIEW WHETHER SOUTH AFRICA IS ON TRACK WITH ITS GOAL OF ENSURING THAT ALL CHILDREN ARE ABLE TO READ BY THE AGE OF 10 BY 2030. THE READING PANEL WILL EVALUATE PROGRESS AND PROVIDE LONG-TERM LEADERSHIP FOR IMPROVING LITERACY IN SOUTH AFRICA. BANGLADESH CREATES SPACES TO HELP CULTIVATE READING HABITS TO ADDRESS PANDEMIC-RELATED LEARNING LOSS AND ENCOURAGE CHILDREN TO DEVELOP A HABIT OF READING, OUR BANGLADESH TEAM COLLABORATED WITH LOCAL PARTNERS TO ESTABLISH COMMUNITY READING FORUMS IN COX'S BAZAR. YOUNG LEARNERS CAN ACCESS LOCAL LANGUAGE STORYBOOKS, READ INDEPENDENTLY, BORROW QUALITY READING MATERIALS AND LEARN ALONGSIDE OTHER STUDENTS AND ROOM TO READ-TRAINED VOLUNTEER INSTRUCTORS IN THESE INVITING READING SPACES EVEN WHEN SCHOOL IS NOT IN SESSION. LITERACY INITIATIVE SUPPORTS CHILDREN IN CRISIS IN LEBANON MILLIONS OF CHILDREN IN LEBANON HAVE BEEN OUT OF SCHOOL, AND MANY OF THOSE CHILDREN ARE REFUGEES. TO STRENGTHEN CHILDREN'S LITERACY SKILLS AND READING HABITS IN LEBANON AND SUPPORT THE TRANSITION OF OUT-OF-SCHOOL CHILDREN INTO THE FORMAL SCHOOL SYSTEM, ROOM TO READ LAUNCHED A TWO-YEAR PROJECT THAT INCLUDES PARTNERING WITH LEBANESE PUBLISHERS TO PRINT AND DISTRIBUTE 60 ORIGINAL ARABIC STORYBOOKS TO ROUGHLY 1,800 NON-FORMAL EDUCATION CENTERS ACROSS LEBANON. THE INITIATIVE ALSO ENTAILS ESTABLISHING 50 CHILDREN'S LIBRARIES IN NON-FORMAL EDUCATION CENTERS, BENEFITING APPROXIMATELY 50,000 CHILDREN AND SUPPORTING EARLY-GRADE LITERACY DEVELOPMENT IN COORDINATION WITH LOCAL EFFORTS. GLOBAL BOOK COLLECTION USES FOLKLORE TO EXPLORE CLIMATE CHANGE 2022 MARKED THE RELEASE OF ROOM TO READ'S FOLKLORE & ENVIRONMENT BOOK COLLECTION, WHICH USES ANCESTRAL NARRATIVES FROM ACROSS THE GLOBE TO TELL STORIES ABOUT CLIMATE CHANGE. FIRST DEVELOPED IN 2021 THROUGH A VIRTUAL ROOM TO READ WRITERS AND ILLUSTRATORS' WORKSHOP COMPOSED OF AUTHORS, ARTISTS AND EDITORS FROM BANGLADESH, CAMBODIA, HONDURAS, INDIA, INDONESIA, LAOS, NEPAL, PHILIPPINES, SOUTH AFRICA, SRI LANKA, TANZANIA AND VIETNAM, THIS ROBUST COLLECTION OF 11 BOOKS CELEBRATES A DIVERSE RANGE OF FOLK STORIES THAT HAVE BEEN SHARED ACROSS GENERATIONS TO HELP CHILDREN REFLECT ON THE FUTURE OF THE NATURAL WORLD. ACCESS TO DIVERSE CAREERS GAINS 'STEAM' THROUGH NEW BOOK COLLECTION WITH SUPPORT FROM LONGTIME PARTNER TATCHA, ROOM TO READ INTRODUCED A NEW U.S.-BASED COLLECTION OF STORYBOOKS IN 2022 OUR STEAM-POWERED CAREERS BOOK COLLECTION. AVAILABLE IN SPANISH AND ENGLISH, THE COLLECTION WAS CREATED IN COLLABORATION WITH SCIENTISTS, FACULTY AND STAFF FROM THE UNIVERSITY OF SOUTHERN CALIFORNIA AND PRESENTS 10 TITLES TO INSPIRE CHILDREN FROM GROUPS UNDERREPRESENTED IN SCIENCE, TECHNOLOGY, EDUCATION, ARTS AND MATHEMATICS (STEAM) FIELDS. THROUGH THIS BOOK COLLECTION, CHILDREN CAN LEARN ABOUT A VARIETY OF GROUNDBREAKING AND EXCITING CAREERS THEY CAN START EXPLORING RIGHT NOW. FORM 990, PART III, 4B GIRLS CREATE SAFER SCHOOLS IN INDIA TO MAKE SCHOOLS SAFER AND MORE WELCOMING FOR GIRLS, THOUSANDS OF GIRLS' EDUCATION PROGRAM PARTICIPANTS ACROSS INDIA CONDUCTED SAFETY ASSESSMENTS OF LOCAL SCHOOLS MORE THAN 100 IN TOTAL DOCUMENTING ACCESSIBILITY ISSUES AND THINKING CRITICALLY ABOUT WHAT MAKES A SPACE SAFE AND WELCOMING FOR GIRLS TRYING TO CONTINUE THEIR EDUCATION. MORE THAN 179,000 GIRLS' EDUCATION PROGRAM STUDENTS AND A GROUP OF MORE THAN 40,000 EDUCATORS, CAREGIVERS, COMMUNITY LEADERS AND GOVERNMENT OFFICIALS ACROSS NINE STATES IN INDIA USED THESE FINDINGS TO ADVOCATE FOR THE IMPLEMENTATION OF NATIONAL LAWS AND POLICIES TO SUPPORT CHILD PROTECTION IN EDUCATIONAL SETTINGS, WITH AN EMPHASIS ON THE IMPORTANCE OF CREATING SPACES FOR GIRLS TO FLOURISH. LAOS AND VIETNAM HOLD LIFE SKILLS CAMPS HUNDREDS OF ROOM TO READ GIRLS' EDUCATION PROGRAM STUDENTS AND EDUCATORS FROM SCHOOLS ACROSS LAOS AND VIETNAM ATTENDED END-OF-YEAR LIFE SKILLS CAMPS IN 2022, EACH FOCUSED ON A SET OF KEY LIFE SKILLS. LESSONS WERE INCORPORATED INTO INTERACTIVE GAMES AND ROLE-PLAY ACTIVITIES THAT OFFERED STUDENTS REAL-LIFE SCENARIOS TO NAVIGATE IN GROUPS, HELPING TO DEEPEN THE GIRLS' UNDERSTANDING OF LIFE SKILLS WHILE EMPHASIZING THE IMPORTANCE OF TEAMWORK, CRITICAL THINKING AND SELF-CONFIDENCE. ROAD TO EQUALITY RADIO SERIES LAUNCHES IN NEPAL RADIO REMAINS ONE OF THE MOST ACCESSIBLE COMMUNICATION CHANNELS FOR COMMUNITIES ACROSS NEPAL, MAKING IT AN IDEAL PLATFORM FOR ROOM TO READ'S "ROAD TO EQUALITY" RADIO DRAMA SERIES, WHICH PREMIERED IN DECEMBER OF 2022. MORE THAN 60 RADIO STATIONS IN NEPAL PARTNERED WITH ROOM TO READ TO BROADCAST THE SERIES, ALLOWING HOUSEHOLDS ACROSS THE COUNTRY TO ACCESS IMPORTANT MESSAGES ABOUT GENDER NORMS AND EQUALITY, GENDER-SPECIFIC DISCRIMINATION IN THE CLASSROOM AND THE CRITICAL ROLE OF GIRLS' EDUCATION. INNOVATIVE ACTIVITIES IN ITALY PROMOTE GENDER EQUALITY DESPITE BEING ONE OF THE WEALTHIEST COUNTRIES IN THE WORLD BY GROSS DOMESTIC PRODUCT, ITALY RANKS FOURTH AMONG THE 34 OECD (ORGANIZATION FOR ECONOMIC COOPERATION AND DEVELOPMENT) COUNTRIES IN UNEMPLOYMENT RATES AMONG WOMEN. IN SOUTHERN ITALY, SPECIFICALLY, PAID EMPLOYMENT RATES AMONG WOMEN AND GIRLS HAVE HISTORICALLY BEEN LOW WHILE DROPOUT RATES AMONG ADOLESCENT GIRLS HAVE BEEN HIGH. BASED ON THESE FINDINGS, WE IDENTIFIED A UNIQUE WAY TO SUPPORT GIRLS IN THE REGION: LIFE SKILLS LESSONS PROVIDED THROUGH YOUNG ADULT GRAPHIC NOVELS, ALONG WITH SCHOOL-BASED CURRICULUM. GRAPHIC NOVELS ARE PARTICULARLY POPULAR AMONG ADOLESCENT GIRLS ACROSS ITALY, AND THROUGH PARTNERSHIPS WITH LOCAL BOOK CREATORS, OUR TEAM DEVELOPED FOUR ENGAGING TITLES, EACH OFFERING EDUCATIONAL LESSONS INCLUDING THOSE FOCUSED ON DIGITAL AND FINANCIAL LITERACY, AS WELL AS ENTREPRENEURISM, WHICH SUPPORT GIRLS' FUTURE EDUCATION AND EMPLOYABILITY. REPORT HIGHLIGHTS GENDER EQUALITY RESEARCH AND INSIGHTS IN MARCH, WE PUBLISHED OUR ADOLESCENT LIFE SKILLS ASSESSMENT (ALSA) WITH AN ACCOMPANYING IN-DEPTH TECHNICAL REPORT CHRONICLING FIVE YEARS OF DEVELOPMENT, TESTING AND ADAPTATION IN SEVEN COUNTRIES. ALSA WAS CURATED AND ADAPTED BY ROOM TO READ AND MEASURES COMPENTENCIES NINE LIFE SKILLS, INCLUDING RELATIONSHIP-BUILDING, SELF-CONFIDENCE AND DECISION-MAKING. ADDITIONALLY, WE PUBLISHED A BEST PRACTICES GUIDE FOR OTHER ORGANISATIONS TO CONTEXTUALIZE AND PILOT THE LIFE SKILLS ASSESSMENT IN THIER OWN PROGRAMS. ROOM TO READ RELEASES SHE CREATES CHANGE IN 2022, ROOM TO READ PARTNERED WITH REBEL GIRLS, A GLOBAL GIRL EMPOWERMENT BRAND, TO PUBLISH "SHE CREATES CHANGE: 25 STORIES OF COURAGEOUS YOUNG WOMEN AND THEIR HEROES," A BOOK FEATURING 12 INSPIRING STORIES OF GIRLS FROM ROOM TO READ'S GIRLS' EDUCATION PROGRAM WHO HAVE USED THEIR LIFE SKILLS TO CREATE POSITIVE CHANGE IN THEIR LIVES AND THE LIVES OF OTHERS. THESE REMARKABLE CHANGEMAKERS HAVE CREATED SUSTAINABILITY APPS, CHALLENGED FORCED MARRIAGE, GROWN GARDENS THAT NOURISH THEIR COMMUNITIES AND EARNED MONEY FOR THEIR FAMILIES AS YOUTUBE SENSATIONS. THE GIRLS' STORIES ARE PAIRED WITH 12 STORIES OF THEIR HEROES, WOMEN FROM ACROSS THE GLOBE IN WHOM THEY'VE FOUND INSPIRATION AND STRENGTH. AUDIO VERSIONS OF SELECT STORIES ARE ALSO AVAILABLE VIA REBEL GIRLS' PODCAST APP. BUILDING ON THE STORIES FEATURED IN THE BOOKS AND PODCASTS, WE ARE NOW FINALIZING THE VIDEO PORTION OF SHE CREATES CHANGE. EACH EPISODE IN THE SIX-PART VIDEO SERIES FEATURES AN ADOLESCENT GIRL WHO HAS USED LIFE SKILLS TO OVERCOME OBSTACLES AND TRANSFORM HER LIFE. THE GIRLS' MOMENT OF TRIUMPH IS SHOWN VIA ANIMATION, FOLLOWED BY A SHORT DOCUMENTARY THAT REVEALS THE REAL-LIFE HERO BEHIND THE STORY. THE AIM OF THIS INITIATIVE IS TO ENGAGE MILLIONS OF ADOLESCENT GIRLS AROUND THE WORLD WITH INSPIRATIONAL CONTENT AND ASSOCIATED EDUCATIONAL CURRICULUM THAT ENCOURAGES THEM TO LEARN MORE ABOUT THE IMPORTANCE OF LIFE SKILLS AND CULTIVATE THESE ATTRIBUTES TO SOLVE CHALLENGES IN THEIR OWN LIVES AND COMMUNITIES. THE PROJECT WAS LED BY AN AWARD-WINNING TEAM OF WOMEN, INCLUDING MARTHA ADAMS (GIRL RISING), WHO DIRECTED THE PROJECT. WOMEN-OWNED NEXUS STUDIOS IDENTIFIED A DIVERSE GROUP OF WOMEN DIRECTORS WITH TIES TO THE COMMUNITIES FEATURED TO CREATE THE ANIMATION AND OVERSAW DEVELOPMENT OF THE FINAL ANIMATED STORIES. EXECUTIVE PRODUCERS INCLUDE BRENDA CHAPMAN, THE FIRST WOMAN TO WIN AN OSCAR FOR BEST ANIMATED FILM (BRAVE), VETERAN SCREENWRITER AND DIRECTOR JILL CULTON (ABOMINABLE), RECIPIENT OF ANIMATION MAGAZINE'S GAME CHANGER AWARD FOR BEING THE FIRST WOMAN TO WRITE AND DIRECT AN ORIGINAL ANIMATED THEATRICAL FEATURE, AND ACTOR FREIDA PINTO, BEST KNOWN FOR HER STARRING ROLE IN SLUMDOG MILLIONAIRE. THE VIDEOS WILL BE RELEASED IN OCTOBER FOR INTERNATIONAL DAY OF THE GIRL. FORM 990, PART V, LINE 2A THERE WERE 106 EMPLOYEES IN 2022. NUMBER OF TOTAL WORLDWIDE EMPLOYEES IN 2022 WAS 1,589. FORM 990, PART VI, SECTION B, LINE 11B FORM 990 REVIEW PROCESS ROOM TO READ'S FORM 990 UNDERGOES A NUMBER OF INTERNAL AND EXTERNAL REVIEWS PRIOR TO BEING FILED WITH THE IRS. THE RETURN IS REVIEWED BY ROOM TO READ'S PUBLIC ACCOUNTING FIRM, GRANT THORNTON LLP, AND REVIEWED BY ROOM TO READ'S ACCOUNTING DEPARTMENT, 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 READ'S CONTROLLER. FORM 990, PART VI, SECTION B, LINE 12C PROCESS FOR MONITORING OF CONFLICT OF INTEREST POLICY 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 CONFLICT OF INTEREST ARE REPORTED TO THE BOARD. IF A SITUATION OF CONFLICT ARISE ON ANY MATTER, THE INTERESTED MEMBER/S ABSTAIN FROM VOTING ON THAT MATTER. FORM 990, PART VI, SECTION B, LINE 15 PROCESS FOR DETERMINING COMPENSATION OF CEO AND KEY EMPLOYEES THE BOARD HAS A HUMAN RESOURCES COMMITTEE WHICH INCLUDES AT LEAST TWO INDEPENDENT DIRECTORS AND THE CHIEF OPERATING OFFICER/CHIEF PEOPLE AND TECHNOLOGY 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 AND DOCUMENTED BY THE BOARD AS PART OF THE ANNUAL BUDGET DISCUSSION. FORM 990, PART VI, SECTION C, LINE 19 DOCUMENTS AVAILABLE TO THE PUBLIC THE ORGANIZATION MAKES FINANCIAL DOCUMENTS SUCH AS AN 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. FORM 990, PART IX, LINE 11G PROFESSIONAL FEES: PROGRAM SERVICE EXPENSES 6,022,705. MANAGEMENT AND GENERAL EXPENSES 282,529. FUNDRAISING EXPENSES 771,650. TOTAL EXPENSES 7,076,884. FORM 990, PART XI, LINE 9: CURRENCY TRANSLATION ADJUSTMENT -915,290. ROOM TO READ JAPAN CHIBA OFFICE 24-5 SOYA 1-CHROME CHIBA ICHIKAWA-SHI JA 6024 FUNDRAISING JA ROOM TO READ 1 ROOM TO READ SINGAPORE 101C TELOK AYER STREET SN 068574 FUNDRAISING SN ROOM TO READ 1 ROOM TO READ SWITZERLAND AM SCHANZENGRABEN 25 PO BOX 2660 ZURICH SZ 8022 FUNDRAISING SZ ROOM TO READ 1 ROOM TO READ UNITED KINGDOM BRACKEN HOUSE 1 FRIDAY STREET LONDON UK EC4M 9BT FUNDRAISING UK ROOM TO READ 1 ROOM TO READ HONG KONG 13/F GLOUCESTER TOWER THE LANDMAR HK FUNDRAISING HK ROOM TO READ 1 ROOM TO READ ZAMBIA PO BOX R1017 LUSAKA ZA PROGRAMS ZA ROOM TO READ 1 ROOM TO READ SOUTH AFRICA POSTNET SUITE 172 PBAG X15 MENLO BLOCK C FERHSEN STREET BROOKLY PRETORIA SF 0081 PROGRAMS SF ROOM TO READ 1 ROOM TO READ CANADA 18 KING STREET EAST SUITE 1400 TORONTO ONTARIO CA M5C 1C4 FUNDRAISING CA ROOM TO READ 1 ROOM TO READ AUSTRALIA LIMITED 166 GLEBE POINT RD GLEBE SUITE 201 NEW SOUTH WALES AS 2037 FUNDRAISING AS ROOM TO READ C 6318683 6610084 1.00000 1 ROOM TO READ INDIA PRIVATE COMPANY NO 517 DOUBLE STORYNEW RAJINDRA NEW DELHI IN 110075 PROGRAM IN ROOM TO READ C 914 1.00000 1 ROOM TO READ INDIA TRUST D-21 CORPORATE PARK DWARKA NEW DEL DWARKA IN 110075 PROGRAM IN IN PVT CO T 3858789 1013365 1.00000 1 ROOM TO READ NEW ZEALAND 89 THE TERRACE WELLINGTON CENTRAL WELLINGTON NZ 6011 FUNDRAISING NZ ROOM TO READ C 4289 1.00000 1 ROOM TO READ GLOBAL SERVICES PVT LTD COWRKS GRND FLR 1ST FLR WORLDMA NEW DELHI IN 110075 SUPPORT SERVICES IN ROOM TO READ C 1979667 272944 1.00000 1 0 0 0 0 0 0 0 0 0 0 0 1 1 0 1 1 1 1 1 ROOM TO READ SINGAPORE B 100000 FMV ROOM TO READ INDIA TRUST B 911908 FMV ROOM TO READ UK C 922530 FMV ROOM TO READ GLOBAL SERVICES PRIVATE LIMITED B 2028630 FMV ROOM TO READ SINGAPORE C 415020 FMV ROOM TO READ UK B 216279 FMV SCHEDULE R, PART V, LINE 2: TRANSACTIONS WITH RELATED ORGANIZATIONS AS DESCRIBED IN SCHEDULE O, THE ORGANIZATION IS REPORTING ITS FORM 990 ON A CONSOLIDATED BASIS TO BE CONSISTENT WITH THE CONSOLIDATED AUDITED FINANCIAL STATEMENTS. THEREFORE, THE TRANSACTIONS REQUIRED TO BE DISCLOSED ON SCHEDULE R ARE SHOWN ON A NONCONSOLIDATED BASIS TO BE TRANSPARENT IN OUR OPERATIONS.