2023-12-21T18:11:54-06:00 2023-06-30 271728945 PKF O'CONNOR DAVIES ADVISORY LLC 245 PARK AVENUE 12TH FLOOR NEW YORK NY 10167 990 2022-07-01 133666846 READ TO LEAD INC C/O J BERMAN DAVIS POLK & WARDWELL LLC READ 2124504383 450 LEXINGTON AVE NEW YORK NY 10017 LEWIS W BERNARD CHAIRMAN 2124504383 2023-12-21 1 LEWIS BERNARD XXX-XX-XXXX 0 EVA MRUK P00543254 2122862600 2023-12-20 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z LEWIS W BERNARD 450 LEXINGTON AVE NEW YORK NY 10017 56692 0 X WWW.READTOLEAD.ORG X 1992 NY THE ORGANIZATION CEASED OPERATIONS AS OF DECEMBER 31, 2022. PRIOR TO THEIR CLOSURE, READ TO LEAD HELPED STUDENTS IN HIGH-POVERTY COMMUNITIES BUILD LITERACY AND LEADERSHIP SKILLS. 11 11 15 12 0 0 2909834 18957 30000 0 4416 37735 233708 0 3177958 56692 0 0 0 0 1395824 636884 177970 34910 217247 2124011 1383184 3697805 2054978 -519847 -1998286 3901385 1229358 631697 0 3269688 1229358 X TO HELP STUDENTS IN HIGH-POVERTY COMMUNITIES DEVELOP LITERACY AND LEADERSHIP SKILLS. BY CREATING DIGITAL LEARNING GAMES AND CURRICULUM SET IN THE PROFESSIONAL WORLD AND SUPPORTING EDUCATORS IN CREATING STUDENT-CENTERED CLASSROOMS, WE INVITE STUDENTS TO TAKE CHARGE OF THEIR LEARNING. READ TO LEAD, INC. BELIEVES THAT WHEN STUDENTS TAKE ON THE LEADERSHIP ROLE IN OUR LEARNING GAMES, THEY READ MORE CLOSELY, THINK CRITICALLY, AND BECOME BETTER PROBLEM SOLVERS. READ TO LEAD, INC.'S RESEARCH SHOWS THAT STUDENTS-ESPECIALLY THOSE STRUGGLING WITH LITERACY IMPROVE IN THEIR READING AND WRITING ACHIEVEMENT, FIND MOTIVATION IN BEING THE LEADER, AND SEE THE TRUE CONNECTION BETWEEN SCHOOL AND THEIR FUTURES. 0 1 663807 0 0 DIRECT SUPPORT TO PARTNERS: READ TO LEAD, INC. PARTNERS WITH SCHOOLS AND COMMUNITY-BASED ORGANIZATIONS IN HIGH-POVERTY COMMUNITIES ACROSS THE UNITED STATES TO PROVIDE TURN-KEY CURRICULUM AND RESOURCES, ALONG WITH UNIQUE WORKPLACE LITERACY LEARNING GAME EXPERIENCES, TO SUPPORT SCHOOL DAY AND OUT-OF-SCHOOL TIME LEARNING AND ENGAGEMENT.IN ADDITION, TO IMPROVE STUDENT OUTCOME READ TO LEAD, INC. OFFERS EDUCATORS IN-PERSON AND VIRTUAL COACHING SUPPORT AND TRANSFORMS THE WAY EDUCATORS USE PROJECT-BASED AND PERSONALIZED LEARNING TOOLS. SOME OF READ TO LEAD, INC.'S SCHOOL PARTNER SITES ALSO SERVE AS OUR "LEARNING LABS," INFORMING OUR DIGITAL PRODUCTION AND ENSURING THAT WE ARE ALWAYS DESIGNING FROM REAL-LIFE EXPERIENCE. 611805 0 0 CURRICULUM & RESOURCES FOR EDUCATORS: READ TO LEAD, INC. CREATES DIGITAL LEARNING GAMES AND CURRICULUM SET IN THE PROFESSIONAL WORLD THAT FOSTER STUDENTS' LITERACY AND LEADERSHIP SKILLS AND CONNECT SCHOOL TO LIFE IN THE WORKPLACE. OUR SUITE OF LITERACY LEARNING GAMES, THE READ TO LEAD SERIES, HELPS STUDENTS DEVELOP ADVANCED LITERACY SKILLS, INCREASES CAREER READINESS, AND BUILDS 21ST CENTURY SKILLS SUCH AS PERSISTENCE AND DECISION-MAKING. THE LEARNING GAMES, CURRICULUM, ALONG WITH PROFESSIONAL DEVELOPMENT RESOURCES FOR EDUCATORS ARE FREELY ACCESSIBLE ONLINE FOR BOTH SCHOOL DAY AND OUT-OF-SCHOOL TIME USE.THROUGH ITS DIGITAL PLATFORM, READ TO LEAD, INC. REACHES EDUCATORS AND STUDENTS NATIONWIDE. ANY EDUCATOR CAN REGISTER FOR FREE AND HAVE ACCESS TO READ TO LEAD, INC.'S LEARNING GAMES AND CURRICULUM. 205186 0 0 RESEARCH AND ASSESSMENT: READ TO LEAD, INC. CONDUCTS RESEARCH TO ASSESS THE IMPACT OF ITS PROGRAMS ON STUDENTS AND TO PROVIDE REGULAR FEEDBACK THAT ENABLES CONTINUOUS IMPROVEMENT. BOTH INTERNAL AND EXTERNAL EVALUATIONS HAVE CONSISTENTLY SHOWN THAT OUR PROGRAMS EFFECTIVELY IMPROVE STUDENTS' LITERACY, READING ATTITUDES AND BEHAVIORS, 21ST CENTURY SKILLS, AND COLLEGE - AND CAREER-READINESS. 1480798 1 1 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 X 27 0 15 1 0 0 0 0 0 0 0 0 0 0 0 0 X 11 11 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 0 0 0 AL AR AZ CA FL GA IL KY KS LA MA ME MD MI MN NH NM NJ NY NC ND OR OK PA SC UT VA WV WI X X PETER SCAGLIONE 2124504383 450 LEXINGTON AVE NEW YORK NY 10017 LEWIS W BERNARD CHAIRMAN 10.00 X X 0 0 0 CARL W TURNIPSEED TREASURER 2.00 X X 0 0 0 BEVERLY FANGER CHASE SECRETARY 3.00 X X 0 0 0 NICOLE CAMPBELL DIRECTOR/CONSULTANT 2.00 X 13000 0 0 CHRISTINA CHIU DIRECTOR 1.00 X 0 0 0 JON FRIEDLAND DIRECTOR 1.00 X 0 0 0 LISA KENNEDY DIRECTOR 1.00 X 0 0 0 SHANNON KETE DIRECTOR 1.00 X 0 0 0 MICHAEL MCCORMICK DIRECTOR (THRU 9/22) 1.00 X 0 0 0 MITA PATNAIK DIRECTOR 1.00 X 0 0 0 NICHOLAS RUDENSTINE DIRECTOR 15.00 X 0 0 0 CYNTHIA VANCE DIRECTOR 1.00 X 0 0 0 NICHOLAS HAYNES - MANAGING DIR DEVELOPMENT (THRU 8/22) 40.00 X 110358 0 12804 MARGARET RITTER - DIRECTOR OF PARTNER SITES (THRU 12/22) 40.00 X 130297 0 17474 NICHOLAS OVERTON - DIR SOFTWARE ENGINEERING (THRU 12/22) 40.00 X 155130 0 17130 ALISON TEPPER - DIR CONTENT CURRICULUM (THRU 11/22) 40.00 X 125200 0 17786 JULIANA HESS - DIR RESEARCH LEARNING (THRU 12/22) 40.00 X 145038 0 18667 679023 0 83861 5 0 1 0 ASTEA SOLUTIONS INC 445 ROUTE 304 BARDONIA NY 10954 SOFTWARE DEVELOPMENT 527000 MARY CASLIN ROSS 6 VISTA DEL CERRO SANTE FE NM 87508 FUNDRAISING/DEVELOPMENT CONSULTING SVCS. 130105 2 18957 18957 37735 37735 56692 0 0 37735 X 13000 13000 535266 415025 61391 58850 9593 7438 1100 1055 36641 28410 4203 4028 42384 32863 4861 4660 108784 108784 34910 34910 416111 286560 89161 40390 29974 29974 79303 78066 1092 145 53341 39472 8535 5334 667511 539949 62346 65216 30 23 3 4 6107 4940 570 597 20099 16258 1877 1964 OTHER EXPENSES 1924 1820 10 94 2054978 1480798 356933 217247 632447 232587 395183 250000 25050 0 50689 15357 0 45335 2700459 683758 41038 38222 11184 9434 3901385 1229358 610237 21460 0 631697 0 X 2929688 979358 340000 250000 3269688 1229358 3901385 1229358 X -1998286 -42044 X 0 0 0 X 4863714 3377488 2868063 2909834 18957 14038056 4863714 3377488 2868063 2909834 18957 14038056 5463253 8574803 10629 11112 1359 3720 37735 64555 233708 233708 14336319 150100 0.59810 0.61630 X SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: LEASE TERMINATION - 2021 AMOUNT: $ 233,708. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 250000 250000 250000 250000 250000 250000 250000 250000 250000 250000 0.00000 1.00000 0.00000 0 0 0 PART V, LINE 4: THE ENDOWMENT CONSISTS ENTIRELY OF INDIVIDUAL DONOR-RESTRICTED FUNDS, IN THE AMOUNT OF $250,000, ESTABLISHED FOR A VARIETY OF PURPOSES, BUT NOT TO BE USED FOR THE ORGANIZATION'S GENERAL OPERATING EXPENSES. X X X X 1 MARY CASLIN ROSS 6 VISTA DEL CERRO SANTA FE NM 87508 FUNDRAISING SERVICES 0 0 15660 -15660 JC GEEVER INC 32 BROADWAY SUITE 301 NEW YORK NY 10004 FUNDRAISING MANAGEMENT SERVICES 0 0 19250 -19250 34910 -34910 AL AK AR CA CT DC FL GA IL KY LA ME MD MA MI MN NV NH NJ NM NY NC ND OH OK OR PA RI SC UT VA WA WV WI 0 0 0 0 0 0 0 0 0 NICHOLAS OVERTON - DIR SOFTWARE ENGINEERING (THRU 12/22) 155130 0 0 0 0 0 5931 0 11199 0 172260 0 0 0 JULIANA HESS - DIR RESEARCH LEARNING (THRU 12/22) 145038 0 0 0 0 0 6302 0 12365 0 163705 0 0 0 FORM 990, PART III, LINE 3 THE ORGANIZATION CEASED IS PROGRAM SERVICES AS OF DECEMBER 31, 2022, IN PREPARATION FOR DISSOLUTION. FORM 990, PART I, QUESTION 5, AND PART V, QUESTION 2A THE ORGANIZATION CONTRACTED WITH A PROFESSIONAL EMPLOYER ORGANIZATION (PEO) FOR SERVICES, INCLUDING BUT NOT LIMITED TO, PAYROLL, TIMEKEEPING, EMPLOYEE BENEFITS, HR ADMINISTRATION AND WORKFORCE REGULATORY COMPLIANCE NEEDS. AS THE EMPLOYER OF RECORD FOR TAX PURPOSES, FORMS W-2 AND W-3 ARE ISSUED BY THE PEO AND FILED UNDER THE PEO'S FEDERAL EIN. IN THIS CO-EMPLOYMENT ARRANGEMENT, THE ORGANIZATION IS THE COMMON LAW EMPLOYER AND, ACCORDINGLY, COMPENSATION IS REPORTED ON FORM 990, PART VII, SECTION A AND PART IX, LINES 5-10. FORM 990, PART VI, SECTION B, LINE 11B THE ORGANIZATION HAS ITS FORM 990 PREPARED BY AN OUTSIDE ACCOUNTING FIRM AND HAS ESTABLISHED THE FOLLOWING REVIEW PROCESS TO ENSURE THAT THE INFORMATION REPORTED IS COMPLETE AND ACCURATE. WHEN THE FORM 990 HAS BEEN PREPARED, REVIEWED BY THE TREASURER AND IS READY TO BE FILED WITH THE INTERNAL REVENUE SERVICE, IT IS ELECTRONICALLY SENT TO THE AUDIT COMMITTEE FOR ANY COMMENTS. A COPY OF THE FORM 990 IS THEN EMAILED TO THE FULL BOARD OF DIRECTORS FOR THEIR REVIEW. THE DIRECTORS ARE ASKED TO PROVIDE ANY COMMENTS OR QUESTIONS TO THE TREASURER, WHICH ARE REVIEWED AND CONSIDERED AND THE FORM 990 IS UPDATED ACCORDINGLY, PRIOR TO FILING WITH THE IRS. FORM 990, PART VI, SECTION B, LINE 12C THE ORGANIZATION HAS A CONFLICT OF INTEREST POLICY THAT APPLIES TO ALL DIRECTORS, OFFICERS, AND KEY PERSONS. SUCH PERSONS ARE REQUIRED TO DISCLOSE ANY ACTUAL OR POTENTIAL CONFLICTS OF INTEREST ANNUALLY AND AS THEY MAY ARISE TO THE COMPLIANCE OFFICER OF THE AUDIT COMMITTEE. THE AUDIT COMMITTEE IS RESPONSIBLE FOR DETERMINING WHETHER A CONFLICT OF INTEREST EXISTS AND WHETHER OR NOT TO PROCEED WITH THE TRANSACTION. THE INTERESTED PERSON IS NOT PERMITTED TO VOTE ON OR EXERCISE ANY INFLUENCE ON THE DECISIONS. THE PROCEEDINGS ARE DOCUMENTED IN THE MINUTES OF THE MEETING. FORM 990, PART VI, SECTION C, LINE 19 READ TO LEAD, INC. FORM 990 IS ALSO AVAILABLE ON GUIDESTAR.ORG AND OTHER SIMILAR TYPES OF WEBSITES. FORM 990, PART IX, LINE 11G OTHER HONORARIA: PROGRAM SERVICE EXPENSES 455. MANAGEMENT AND GENERAL EXPENSES 11. FUNDRAISING EXPENSES 89. TOTAL EXPENSES 555. PROGRAM CONSULTANTS/OTHERS: PROGRAM SERVICE EXPENSES 232,873. MANAGEMENT AND GENERAL EXPENSES 75,029. FUNDRAISING EXPENSES 33,671. TOTAL EXPENSES 341,573. SUBCONTRACTORS: PROGRAM SERVICE EXPENSES 26,005. MANAGEMENT AND GENERAL EXPENSES 8,379. FUNDRAISING EXPENSES 3,760. TOTAL EXPENSES 38,144. RECRUITING & HIRING: PROGRAM SERVICE EXPENSES 89. MANAGEMENT AND GENERAL EXPENSES 29. FUNDRAISING EXPENSES 13. TOTAL EXPENSES 131. PEO FEES: PROGRAM SERVICE EXPENSES 27,138. MANAGEMENT AND GENERAL EXPENSES 5,713. FUNDRAISING EXPENSES 2,857. TOTAL EXPENSES 35,708. FORM 990, PART XI, LINE 9: LOSS ON DISPOSITION OF ASSETS -42,044.