2022-07-26T09:24:27-05:00 2021-12-31 221430039 SOBEL & CO LLC CPA'S 293 EISENHOWER PARKWAY LIVINGSTON NJ 070391711 990 2021-01-01 134367685 LITWORLD INTERNATIONAL INC LITW 6462486401 1115 BROADWAY 12TH FLOOR NEW YORK NY 10010 NICHOLAS DRAYSON TREASURER 6462486401 2022-07-26 1 NICHOLAS DRAYSON 999009999 BRIDGET HARTNETT P01429163 9739949494 2022-07-25 3 AAL1 IAL1 2021 2022-09-23 18:48:47Z NICHOLAS DRAYSON 1115 BROADWAY 12TH FLOOR NEW YORK NY 10010 1186300 0 X WWW.LITWORLD.ORG X 2007 NY STRENGTHENING KIDS AND COMMUNITIES THROUGH THE POWER OF STORIES. 13 13 8 35 0 0 627562 567129 82046 618289 2502 882 0 0 712110 1186300 7000 5414 0 0 504802 512018 0 0 170375 362238 360701 874040 878133 -161930 308167 1304792 1614269 12631 13941 1292161 1600328 X STRENGTHENING KIDS AND COMMUNITIES THROUGH THE POWER OF STORIES. 0 0 504848 5414 618289 THE ORGANIZATION WORKS WITH LOCALLY BASED, GRASSROOTS ORGANIZATIONS TO RUN AND EXPAND LITERACY-BASED PROGRAMS, BUILDING SUSTAINABLE OUTCOMES FOR YOUNG PEOPLE AND THEIR COMMUNITIES AROUND THE WORLD. THE ORGANIZATION'S PROGRAMS ARE DESIGNED AND WRITTEN BY STAFF MEMBERS WITH SUPPORT FROM CONSULTANTS WHERE NEEDED. LOCAL COMMUNITY LEADERS MANAGE AND LEAD THE PROGRAMS AFTER RECEIVING TRAINING AND ACCESS TO THE ORGANIZATION'S INNOVATIVE CURRICULA. THE ORGANIZATION CREATES PERMANENT POSITIVE CHANGE IN THE WORLD BY IMPLEMENTING THESE ON-THE-GROUND PROGRAMS TO ADDRESS THE HARD-TO-TACKLE CHALLENGE OF ILLITERACY WORLDWIDE. THE ORGANIZATION UNIQUELY COMBINES THE POWER OF CHILDREN'S OWN STORIES, ACCESS TO DIVERSE READING AND WRITING EXPERIENCES, PEER-TO-PEER SUPPORT NETWORKS AND ADULT MENTOR RELATIONSHIPS, WHICH LEADS TO PRODUCTIVE AND TRANSFORMATIONAL LITERACY. 504848 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 1 1 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 3 0 1 8 1 0 0 0 0 0 0 0 0 0 0 0 0 X 13 13 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 NY X N CHENG LLP 2127850100 40 WALL STREET 32ND FLOOR NEW YORK NY 10005 CALEB STRATTON BOARD MEMBER 1.00 X 0 0 0 LAUREN BLUM BOARD MEMBER 1.00 X 0 0 0 CHRISTINE J CHAO BOARD MEMBER 1.00 X 0 0 0 DR ERNEST MORRELL BOARD MEMBER 1.00 X 0 0 0 KATIE COOK BOARD MEMBER 1.00 X 0 0 0 STEVE RECORDS BOARD MEMBER 1.00 X 0 0 0 JULIE PADILLA BOARD MEMBER 1.00 X 0 0 0 SAMANTHA SIEGAL CHAIRPERSON 1.00 X X 0 0 0 NADEIGE STERLIN BOARD MEMBER 1.00 X 0 0 0 CORA WALKER BOARD MEMBER 1.00 X 0 0 0 DONNA DUSKIN STEIN BOARD MEMBER 1.00 X 0 0 0 ALICE GOH BOARD MEMBER 1.00 X 0 0 0 NICHOLAS DRAYSON TREASURER 1.00 X X 0 0 0 DOROTHY LEE EXECUTIVE DIRECTOR 40.00 X 77688 0 0 LISA MEADOWCROFT EXECUTIVE DIRECTOR 40.00 X 13051 0 0 90739 0 0 0 0 0 0 0 107000 460129 567129 SERVICE INCOME 611110 618289 618289 618289 882 882 1186300 618289 0 882 5414 5414 90870 37579 26580 26711 344016 169756 71952 102308 45295 21594 10263 13438 31837 15179 7213 9445 540 540 51161 51161 42325 9817 30303 2205 2605 109 2496 14385 617 136 13632 2088 1048 410 630 680 655 25 101 101 6119 3070 1201 1848 PAYMENTS TO PARTNERS 240665 240665 MISCELLANEOUS 32 32 878133 504848 202910 170375 868005 1233795 348303 309458 80146 62508 8338 8508 1304792 1614269 12631 13941 12631 13941 X 1252561 1600328 39600 0 1292161 1600328 1304792 1614269 308167 0 X X 0 1 X 1 0 X 1297862 813420 587483 627562 567129 3893456 1297862 813420 587483 627562 567129 3893456 814135 3079321 477 1464 4449 2502 882 9774 3903230 2045110 0.78890 0.69900 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 X 1186300 0 1186300 0 1186300 878133 0 878133 0 878133 PART X, LINE 2: THE ORGANIZATION IS A NOT-FOR-PROFIT ORGANIZATION THAT IS EXEMPT FROM INCOME TAXES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE AND, ACCORDINGLY, IS NOT LIABLE FOR FEDERAL AND STATE INCOME TAXES. THE ORGANIZATION FOLLOWS ACCOUNTING STANDARDS THAT PROVIDE CLARIFICATION ON ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES RECOGNIZED IN THE ORGANIZATIONS FINANCIAL STATEMENTS. THE GUIDANCE PRESCRIBES A RECOGNITION THRESHOLD AND MEASUREMENT ATTRIBUTE FOR THE FINANCIAL STATEMENT RECOGNITION AND MEASUREMENT OF A TAX POSITION TAKEN OR EXPECTED TO BE TAKEN IN A TAX RETURN, AND ALSO PROVIDES GUIDANCE ON DERECOGNITION, CLASSIFICATION, INTEREST AND PENALTIES, DISCLOSURE AND TRANSITION. NO INTEREST AND PENALTIES WERE RECORDED DURING YEARS ENDED DECEMBER 31, 2021 AND 2020. AT DECEMBER 31, 2021 AND 2020, THERE ARE NO SIGNIFICANT INCOME TAX UNCERTAINTIES THAT ARE EXPECTED TO HAVE A MATERIAL IMPACT ON THE ORGANIZATIONS FINANCIAL STATEMENTS. SOUTH AMERICA - ARGENTINA, BOLIVIA, BRAZIL, CHILE, COLUMBIA, ECUADOR, 1 0 LITERACY CLUBS LITERACY AND EMPOWERMENT WORKSHOPS FOR CHILDREN 24740 CENTRAL AMERICA AND THE CARIBBEAN - ANTIGUA & BARBUDA, ARUBA, BAHAMAS, 3 0 LITERACY CLUBS LITERACY AND EMPOWERMENT WORKSHOPS FOR CHILDREN 31200 SOUTH ASIA - AFGHANISTAN, BANGLADESH, BHUTAN, INDIA, MALDIVES, NEPAL, 2 0 LITERACY CLUBS LITERACY AND EMPOWERMENT WORKSHOPS FOR CHILDREN 50528 SUB-SAHARAN AFRICA - ANGOLA, BENIN, BOTSWANA, BURKINA FASO, 8 0 LITERACY CLUBS LITERACY AND EMPOWERMENT WORKSHOPS FOR CHILDREN 116817 EAST ASIA AND THE PACIFIC - AUSTRALIA, BRUNEI, BURMA, CAMBODIA, 1 0 LITERACY CLUBS LITERACY AND EMPOWERMENT WORKSHOPS FOR CHILDREN 17380 15 0 0 0 15 0 240665 0 240665 0 0 0 0 0 0 PART I, LINE 2: PROGRAM DIRECTORS WILL REVIEW THE ACTIVITY OF EACH GRANTEE BASED ON EVALUATION CRITERIA ESTABLISHED BY THE ORGANIZATION ON AN ONGOING BASIS. PART III ACCOUNTING METHOD: 1 SPRINGBOARD TO OPPORTUNITIES 3000 OLD CANTON ROAD STE 470 JACKSON MS 39216 461917760 501(C)(3) 5414 0 FMV FUNDING FOR LITCLUBS 1 PART I, LINE 2: PROGRAM DIRECTORS WILL REVIEW THE ACTIVITY OF EACH GRANTEE BASED ON EVALUATION CRITERIA ESTABLISHED BY THE ORGANIZATION ON AN ONGOING BASIS. FORM 990, PART VI, SECTION B, LINE 11B THE BOARD WILL BE SENT A COPY OF THE 990 TO REVIEW. THE BOARD MEMBERS WILL THEN HAVE THE OPPORTUNITY TO ASK QUESTIONS REGARDING THE RETURN BEFORE IT IS FILED. FORM 990, PART VI, SECTION B, LINE 12C THE BOARD OF DIRECTORS ANNUALLY REVIEWS ITS CONFLICT OF INTEREST POLICY FOR COMPLIANCE. FORM 990, PART VI, SECTION B, LINE 15 THE BOARD DURING THE BUDGET APPROVAL PROCESS DETERMINES THE SALARY FOR THE EXECUTIVE DIRECTOR AND OTHER EMPLOYEES. FORM 990, PART VI, SECTION C, LINE 18 FORM 1023 AND 990 ARE AVAILABLE UPON REQUEST. FORM 990, PART VI, SECTION C, LINE 19 GOVERNING DOCUMENTS, FINANCIAL STATEMENTS AND POLICY STATEMENTS ARE AVAILABLE UPON WRITTEN REQUEST. FORM 990, PART XII, LINE 2C: THE FINANCE COMMITTEE REVIEWS AND ASSUMES RESPONSIBILITY FOR THE AUDIT OVERSIGHT.