2024-08-23T15:38:18-05:00 2023-12-31 941254756 HOOD & STRONG LLP 2580 N 1ST ST STE 460 SAN JOSE CA 95131 990 2023-01-01 272092468 WORLDREADERORG WORL 4155624840 2030 1ST AVE 300 SEATTLE WA 98121 REBECCA CHANDLER-LEEGE CEO 4155624840 2024-08-20 1 0 MAGA E KISRIEV P01008919 4089988400 2023 2024-08-08 14:25:15Z WORLDREADER REBECCA CHANDLER-LEEGE 2030 1ST AVE 300 SEATTLE WA 98121 7879148 0 X WWW.WORLDREADER.ORG X 2010 WA WORLDREADER PROVIDES FAMILIES DIGITAL READING EXPERIENCES TO OPEN A WORLD OF ENDLESS POSSIBILITIES 16 15 29 11 0 0 6300778 4296483 587233 497939 -80330 213730 -9943 0 6797738 5008152 2228911 2538094 0 0 2976593 3067640 0 64250 973758 2455844 2762609 7661348 8432593 -863610 -3424441 10778368 8926695 802422 2375190 9975946 6551505 WORLDREADER IS A GLOBAL NONPROFIT WHOSE MISSION IS TO GET CHILDREN READING SO THEY CAN REACH THEIR POTENTIAL. 0 0 6325580 2538094 497939 IN 2023, WORLDREADER REACHED THE MILESTONE OF 22 MILLION CUMULATIVE READERS. IN 2023 ALONE, WITH A FOCUS ON REACHING FAMILIES AND ENGAGING PARENTS AND CAREGIVERS IN READING TO AND WITH THEIR CHILDREN, WE REACHED OVER 330,000 FAMILIES AND DISTRIBUTED 2 MILLION BOOKS THROUGH STRONG RELATIONSHIPS WITH PARTNERS ACROSS SIX REGIONS (UNITED STATES, EAST AFRICA, WEST AFRICA, LATIN AMERICA, MENA, AND SOUTH ASIA). 6325580 1 1 0 0 0 0 0 0 0 1 1 0 0 0 0 1 0 1 0 0 1 1 0 1 0 0 0 1 0 1 0 0 0 0 0 0 0 0 1 0 0 0 0 1 1 0 0 0 1 18 0 1 29 1 0 0 0 0 0 0 0 0 0 0 0 0 X 16 15 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 AL AR CA CT FL GA HI IL KS KY MA MD MI MN MS NH NJ NM NY NC OR PA RI SC TN UT VA WV WI X X X SHANNON ATKINSON 4155624840 2030 1ST AVENUE SUITE 300 SEATTLE WA 98121 REBECCA CHANDLER-LEEGE CEO (FROM 04/14/2023) 40.00 0.50 X X 238489 0 9748 JOHN DAVID RISHER CEO (THRU 04/14/2023) 32.00 0.00 X X 45148 0 6748 PETER SPIRO CHAIR OF THE BOARD 1.00 0.00 X X 0 0 0 KARTIK RAGHAVAN SECRETARY 1.00 0.00 X X 0 0 0 CHARLES BRIGHTON TREASURER 1.00 0.00 X X 0 0 0 CHRIS CAPOSSELA DIRECTOR 1.00 0.00 X 0 0 0 ELIZABETH KHURI CHANDLER DIRECTOR 1.00 0.00 X 0 0 0 ELIZABETH DOLLAR DIRECTOR 1.00 0.00 X 0 0 0 KATE JAMES DIRECTOR 1.00 0.00 X 0 0 0 MICHAEL JENSEN DIRECTOR 1.00 0.00 X 0 0 0 RACHEL KLAUSNER DIRECTOR 1.00 0.00 X 0 0 0 PRASANNA KRISHNAN DIRECTOR 1.00 0.00 X 0 0 0 ERICKA LOCK DIRECTOR 1.00 0.00 X 0 0 0 DANA REID DIRECTOR 1.00 0.00 X 0 0 0 ALISON RICH DIRECTOR 1.00 0.00 X 0 0 0 GRETCHEN SORENSON DIRECTOR 1.00 0.00 X 0 0 0 KEDEST TESFAGIORGIS DIRECTOR 1.00 0.00 X 0 0 0 SHANNON ATKINSON CHIEF FINANCIAL OFFICER 40.00 1.00 X 192086 0 31845 WENDI HUESTIS CHIEF ADVANCEMENT OFFICER 40.00 0.00 X 163747 0 6959 VERONICA GUTIERREZ SR.DIRECTOR, HUMAN RESOURCES 40.00 0.00 X 160465 0 35729 DEBORAH BACKUS SR.DRIRECTOR, GLOBAL IMPACT 40.00 0.00 X 156857 0 28290 KEVIN LAUBER MANAGER, MAJOR GIFTS 40.00 0.00 X 114882 0 12398 KATHRINA WARDRIP DIRECTOR, MAJOR GIFTS 40.00 0.00 X 113987 0 11825 HEIDI WILIAMS DIRECTOR, ACCOUNTING & ADMIN 40.00 1.00 X 113415 0 18634 1299076 0 162176 8 0 1 0 HUBERT LACEY III 811 WEST 38TH STREET BALTIMORE MD 21211 PRODUCT MANAGEMENT 106045 1 50000 4246483 123544 4296483 PROGRAM INCOME 611710 497939 497939 497939 186643 186643 2898083 2870996 27087 27087 27087 5008152 497939 0 213730 X 165125 165125 2372969 2372969 948751 532617 268706 147428 1860382 907448 438296 514638 55277 25107 12503 17667 110244 44297 20602 45345 92986 57829 12564 22593 13625 13625 63660 63660 64250 64250 1094829 966986 86162 41681 183079 180701 909 1469 85043 27086 31967 25990 4302 1667 1174 1461 47194 16436 16008 14750 152562 70946 66924 14692 113552 111227 1193 1132 409011 409011 14660 5010 5144 4506 SOFTWARE SUBSCRIPTIONS 275230 129449 90280 55501 TECHNOLOGY DEVELOPMENT 192640 192640 READING SUPPLIES & CONT 103649 103649 PROFESSIONAL DEVELOPMEN 6347 3880 1812 655 3226 1500 1726 8432593 6325580 1133255 973758 67630 43992 3402017 4787775 5699952 2589488 13040 80183 221064 215130 175668 175668 0 0 1373202 1143374 1463 66753 10778368 8926695 496906 400305 60078 20347 245438 74697 0 1879841 802422 2375190 X 1894931 1878603 8081015 4672902 9975946 6551505 10778368 8926695 -3424441 0 X 0 1 X 1 0 X 7426502 6604225 8276595 6300778 4296483 32904583 7426502 6604225 8276595 6300778 4296483 32904583 10394510 22510073 31560 4509 523 32395 186643 255630 33160213 3490835 0.67880 0.60450 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 200542 9567 210109 200542 200542 200000 542 200542 0.00000 1.00000 0.00000 0 0 175668 175668 0 0 X PART V, LINE 4: THE ENDOWMENT IS RESTRICTED FOR THE ACQUISITION AND CREATION OF CHILDREN'S BOOKS FOR USE IN WORLDREADER'S BOOKSMART READING PROGRAM. PART X, LINE 2: WORLDREADER IS EXEMPT FROM FEDERAL INCOME TAXES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE (IRC) AND HAS BEEN CLASSIFIED AS AN ORGANIZATION WHICH IS NOT A PRIVATE FOUNDATION AS DEFINED BY SECTIONS 509(A)(1) AND 170(B)(I)(A)(VI) OF THE IRC. DIGITAL READING FOUNDATION IS FORMED IN INDIA UNDER SECTION 8 OF THE COMPANIES RULE WHICH DESIGNATES THE ORGANIZATION AS A NOT-FOR-PROFIT. THE DIGITAL READING FOUNDATION IS CURRENTLY IN THE PROCESS OF APPLYING FOR THEIR OFFICIAL TAX-EXEMPT STATUS. AS OF DECEMBER 31, 2023 AND 2022, MANAGEMENT HAS EVALUATED WORLDREADER'S TAX POSITIONS AND CONCLUDED THAT WORLDREADER HAD MAINTAINED ITS TAX-EXEMPT STATUS AND HAS NO UNCERTAIN TAX POSITIONS THAT REQUIRE ADJUSTMENT TO THE CONSOLIDATED FINANCIAL STATEMENTS. 1 EUROPE (INCLUDING ICELAND & GREENLAND) - ALBANIA, ANDORRA, AUSTRIA, BELGIUM 0 0 GRANTS TO RECIPIENTS LOCATED IN THE REGION 1585902 SUB-SAHARAN AFRICA - ANGOLA, BENIN, BOTSWANA, BURKINA FASO, 0 0 GRANTS TO RECIPIENTS LOCATED IN THE REGION 787067 0 0 0 0 0 0 2372969 0 2372969 EUROPE (INCLUDING ICELAND & GREENLAND) - ALBANIA, ANDORRA, AUSTRIA, BELGIUM GENERAL OPERATIONS, FUNDACION WORLD READER. 1585902 WIRE 0 SUB-SAHARAN AFRICA - ANGOLA, BENIN, BOTSWANA, BURKINA FASO, GENERAL OPERATIONS, WORLDREADER GHANA. 389649 WIRE 0 SUB-SAHARAN AFRICA - ANGOLA, BENIN, BOTSWANA, BURKINA FASO, GENERAL OPERATIONS, WORLDREADER KENYA. 397418 WIRE 0 3 0 1 0 1 0 0 0 PART I, LINE 2: WORLDREADER GRANTS WENT TO FOREIGN AFFILIATES IN SPAIN, GHANA AND KENYA. WORLDREADER REVIEWS THE FINANCIAL STATEMENTS OF THE AFFILIATE ENTITIES QUARTERLY AND CONTINUALLY MONITORS HOW GRANT FUNDS ARE SPENT. FURTHER, WORLDREADER HAS ENTERED INTO A GRANT AGREEMENT WITH ORGANIZACIN INTERMERICANA DE DESARROLLO HUMANO, A NON-PROFIT COMMUNITY CENTER IN PERU TO PROVIDE GENERAL OPERATIONS SUPPORT AND IMPLEMENT A DIGITAL READING PROGRAM AND INDEPENDENTLY EVALUATE EFFECTIVE BEHAVIOR CHANGE STRATEGIES TO ENCOURAGE A NEW CULTURE OF READING. X X X 1 MPACT LLC 2040 34TH AVENUE SEATTLE WA 98144 FUNDRAISING 0 150000 64250 85750 150000 64250 85750 AL AK AR CA CO CT DC FL GA HI IL KS KY LA ME MD MA MI MN MS MO NV NH NJ NM NY NC ND OH OK OR PA RI SC TN VA WA WV WI 1 BOYS & GIRLS CLUBS OF CHICAGO 2102 W MONROE ST CHICAGO IL 60612 362166997 501(C)(3) 7500 0 BOOKSMART IMPLEMENTATIPON BURST INTO BOOKS 11001 S MICHIGAN AVENUE CHICAGO IL 60628 832040166 501(C)(3) 7500 0 BOOKSMART IMPLEMENTATIPON CAHOKIA DISTRICT UNIT #187 1700 JEROME LANE CAHOKIA IL 62206 376006275 501(C)(3) 7500 0 BOOKSMART IMPLEMENTATIPON CENTENNIAL PLACE ACADEMY 531 LUCKIE ST NW ATLANTA GA 30082 463320965 501(C)(3) 7500 0 BOOKSMART IMPLEMENTATIPON CHILDREN'S SERVICES COUNCIL OF FLORIDA INC 1203 GOVERNORS SQUARE BOULEVARD SUITE 102 TALLAHASSEE FL 32301 650299932 501(C)(3) 7500 0 BOOKSMART IMPLEMENTATIPON ETHOS CLASSICAL INC 675 PONCE DE LEON AVE UNIT W640 ATLANTA GA 30308 475273375 501(C)(3) 5625 0 BOOKSMART IMPLEMENTATIPON GENOA KINGSTON SCHOOL DIST 424 980 PARK AVE GENOA IL 60135 366007289 501(C)(3) 7500 0 BOOKSMART IMPLEMENTATIPON LAUNDRYCARES FOUNDATION 17W635 BUTTERFIELD ROAD SUITE 145 OAKBROOK TERRACE IL 60181 204504242 501(C)(3) 7500 0 BOOKSMART IMPLEMENTATIPON PLAY SMART LITERACY 3135 WEST 95TH STREET EVERGREEN PARK IL 60805 473503814 501(C)(3) 7500 0 BOOKSMART IMPLEMENTATIPON SGA YOUTH & FAMILY SERVICES 11 E ADAMS STE 240 CHICAGO IL 60603 362167916 501(C)(3) 7500 0 BOOKSMART IMPLEMENTATIPON STATEWIDE PARENT ADVOCACY NETWORK 35 HALSEY STREET NEWARK NJ 07102 222868501 501(C)(3) 7500 0 BOOKSMART IMPLEMENTATIPON THE BLACK BOOK PROJECT 427 FOSTER DRIVE WHITE HOUSE TN 37188 920311895 501(C)(3) 7500 0 BOOKSMART IMPLEMENTATIPON THE GEORGIA EARLY EDUCATION ALLIANCE FOR READY STUDENTS 3400 PEACHTREE ROAD NE SUITE 921 ATLANTA GA 30326 464225010 501(C)(3) 7500 0 BOOKSMART IMPLEMENTATIPON TUTORING CHICAGO 303 W MADISON STE 750 CHICAGO IL 60614 363718141 501(C)(3) 7500 0 BOOKSMART IMPLEMENTATIPON VOCEL VIEWING OUR CHILDREN AS EMERGING LEADERS 1550 W CARROLL AVE SUITE 203 CHICAGO IL 60607 462159711 501(C)(3) 7500 0 BOOKSMART IMPLEMENTATIPON 15 0 PART I, LINE 2: WORLDREADER REQUIRES COMMUNITY GRANT RECIPIENTS TO PROVIDE 2 IMPACT STORIES (MID-POINT AND AT END OF GRANT TERM) AND TO FILE A MID-YEAR AND END OF GRANT SURVEY. X X X 0 0 0 0 0 0 0 0 0 REBECCA CHANDLER-LEEGE CEO (FROM 04/14/2023) 228489 0 10000 0 0 0 8979 0 769 0 248237 0 0 0 SHANNON ATKINSON CHIEF FINANCIAL OFFICER 182086 0 10000 0 0 0 7651 0 24194 0 223931 0 0 0 VERONICA GUTIERREZ SR.DIRECTOR, HUMAN RESOURCES 160465 0 0 0 0 0 6574 0 29155 0 196194 0 0 0 DEBORAH BACKUS SR.DRIRECTOR, GLOBAL IMPACT 156857 0 0 0 0 0 6264 0 22026 0 185147 0 0 0 WENDI HUESTIS CHIEF ADVANCEMENT OFFICER 163747 0 0 0 0 0 6369 0 590 0 170706 0 0 0 X 891 FMV X 2 122653 FMV 0 0 1 0 PART I, COLUMN (B): THIS COLUMN REPRESENTS THE NUMBER OF ITEMS DONATED. FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 WAS PREPARED BY THE OUTSIDE ACCOUNTANTS AND REVIEWED BY THE AUDIT 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 DISCUSSION WITH THE INTERESTED PERSON, HE/SHE LEAVES THE GOVERNING BOARD OR COMMITTEE MEETING WHILE THE DETERMINATION OF A CONFLICT IS DISCUSSED AND VOTED UPON. THE REMAINING BOARD OR COMMITTEE MEMBERS DECIDE IF A CONFLICT OF INTEREST EXISTS. THE GOVERNING BOARD OR COMMITTEE DETERMINE WHETHER THE ORGANIZATION CAN OBTAIN WITH REASONABLE EFFORT 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 REASONABLE OR 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 MAKES A DECISION AS TO WHETHER TO ENTER INTO THE TRANSACTION OR ARRANGEMENT. FORM 990, PART VI, SECTION B, LINE 15 WORLDREADER'S BOARD SET THE PRESIDENT/CEO'S COMPENSATION USING EXTERNAL SALARY BENCHMARKING DATA AND DOCUMENT ITS DECLARATIONS AND CONCLUSIONS. COMPENSATION FOR ALL EMPLOYEES, INCLUDING SENIOR MANAGEMENT, IS SET BY THE PRESIDENT/CEO IN COOPERATION WITH THE DIRECTOR OF HUMAN RESOURCES AS DETERMINED BY MARKET BASED PAY SCALES AD JOB LEVEL 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 THE FIRST QUARTER OF 2021. THE BOARD ALSO APPROVES THE CFO'S SALARY IN ACCORDANCE WITH THE CA NON-PROFIT INTEGRITY ACT. 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 FOR THE SAME PERIOD OF TIME SET FORTH IN SEC. 6104(D). THE FINANCIAL STATEMENTS ARE ALSO AVAILABLE THROUGH THE ORGANIZATION'S WEBSITE, WWW.WORLDREADER.ORG. FORM 990, PART IX, LINE 11G SUBCONTRACTS: PROGRAM SERVICE EXPENSES 488,005. MANAGEMENT AND GENERAL EXPENSES 43,483. FUNDRAISING EXPENSES 21,035. TOTAL EXPENSES 552,523. CONSULTING FEES: PROGRAM SERVICE EXPENSES 430,436. MANAGEMENT AND GENERAL EXPENSES 38,354. FUNDRAISING EXPENSES 18,554. TOTAL EXPENSES 487,344. RECRUITING SERVICES: PROGRAM SERVICE EXPENSES 29,102. MANAGEMENT AND GENERAL EXPENSES 2,593. FUNDRAISING EXPENSES 1,254. TOTAL EXPENSES 32,949. TRANSLATION SERVICES: PROGRAM SERVICE EXPENSES 3,996. MANAGEMENT AND GENERAL EXPENSES 356. FUNDRAISING EXPENSES 172. TOTAL EXPENSES 4,524. PAYROLL SERVICES: PROGRAM SERVICE EXPENSES 15,447. MANAGEMENT AND GENERAL EXPENSES 1,376. FUNDRAISING EXPENSES 666. TOTAL EXPENSES 17,489. DIGITAL READING FOUNDATION HOUSE NO B 242 LOWER GROUND GREA NEW DELHI IN 110048 TO HELP THE WORLD READ IN 501(C)(3) WORLDREADERORG 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0