2021-08-27T18:57:08-05:00 2020-12-31 366055558 GRANT THORNTON LLP 101 CALIFORNIA STREET SUITE 2700 SAN FRANCISCO CA 94111 990 2020-01-01 912003533 ROOM TO READ ROOM 4158394400 465 CALIFORNIA STREET NO 1000 SAN FRANCISCO CA 94104 GEETHA MURALI CEO 4158394400 2021-08-27 1 GEETHA MURALI 912003533 QI WEN LIANG P01270238 4159863900 3 AAL1 IAL1 2020 2022-09-23 18:48:47Z GEETHA MURALI 465 CALIFORNIA STREET NO 1000 SAN FRANCISCO CA 94104 67328470 0 X WWW.ROOMTOREAD.ORG X 1999 WA ROOM TO READ BELIEVES THAT WORLD CHANGE STARTS WITH EDUCATED CHILDREN. 15 13 84 10000 0 0 59968360 61649102 0 0 201242 324573 -331907 -19414 59837695 61954261 132567 724046 0 0 28500791 29261399 0 0 4239168 24500035 18035425 53133393 48020870 6704302 13933391 36167731 51354748 6225162 7060491 29942569 44294257 X SEE SCHEDULE O 0 0 31026668 724046 55000 ROOM TO READ IS BREAKING THE CYCLE OF CHILDHOOD ILLITERACY AND POVERTY IN A SINGLE GENERATION. ROOM TO READ'S INNOVATIVE LITERACY PROGRAM ENSURES PRIMARY SCHOOLS HAVE LIBRARIES FILLED WITH BOOKS IN THE CHILDREN'S LOCAL LANGUAGES, AS WELL AS TEACHERS AND LIBRARIANS WHO ARE TRAINED ON HOW TO ENGAGE A CLASSROOM OF EAGER, YOUNG LEARNERS. BY THE END OF GRADE 2, CHILDREN IN ROOM TO READ'S LITERACY PROGRAM READ 2 TO 3 TIMES AS FAST AND READ WITH 87% GREATER COMPREHENSION THAN THEIR PEERS IN NON-ROOM TO READ PROGRAM SCHOOLS. WE COMBINE THE SCIENCE OF LEARNING TO READ WITH THE MAGIC OF LOVING TO READ, DEVELOPING A GENERATION OF INDEPENDENT READERS. ROOM TO READ'S LITERACY PROGRAM TRANSFORMS PRIMARY (CONTINUED IN SCH O) SCHOOLS INTO CHILD-FRIENDLY LEARNING ENVIRONMENTS THAT ENABLE CHILDREN TO BECOME LIFE-LONG, INDEPENDENT READERS. OUR LITERACY PROGRAM ENSURES PRIMARY SCHOOLS HAVE LIBRARIES FILLED WITH BOOKS IN THE CHILDREN'S LOCAL LANGUAGES, AS WELL AS TEACHERS AND LIBRARIANS WHO ARE TRAINED ON HOW TO ENGAGE A CLASSROOM OF EAGER, YOUNG LEARNERS. WE BUILD STRONG RELATIONSHIPS WITH FAMILIES, COMMUNITIES AND GOVERNMENTS TO ENSURE COMMUNITY BUY-IN FOR THE TRANS-FORMATION OF LEARNING ENVIRONMENTS AND THEIR LONG-TERM SUCCESS.LITERACY INSTRUCTION - THE ORGANIZATION PARTNERS WITH MINISTRIES OF EDUCATION TO SUPPLEMENT GAPS THAT EXIST IN THE STANDARD LITERACY CURRICULUM BY PROVIDING RESOURCES, IN-SERVICE TEACHER TRAINING AND CLASSROOM ENHANCEMENTS. 27,651 LITERACY PROGRAM SCHOOLS WERE ACTIVE DURING 2020.SCHOOL LIBRARIES - BY THE END OF 2020, THE ORGANIZATION HAD REACHED AN ESTIMATED 23.89 MILLION CHILDREN THROUGH ITS VARIOUS CORE PROGRAM ACTIVITIES, THE LARGEST OF WHICH INCLUDES ITS SCHOOL LIBRARIES. 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 OF READING. 818 SCHOOL LIBRARIES WERE ESTABLISHED DURING 2020. TO DATE WE HAVE COMPLETED A CUMULATIVE TOTAL OF 29,619 SCHOOL LIBRARY PROJECTS.TECHNICAL ASSISTANCE - IN 2020 THE ORGANIZATION PROVIDED TECHNICAL ASSISTANCE IN NINE COUNTRIES (INDONESIA, RWANDA, NEPAL, INDIA, TANZANIA, JORDAN, PHILIPPINES, PAKISTAN AND UGANDA) USING THE ROOM TO READ MODEL. BOOK PUBLISHING - THE ORGANIZATION SOURCES NEW CONTENT FROM LOCAL WRITERS AND ILLUSTRATORS AND PUBLISHES HIGH QUALITY LOCAL LANGUAGE CHILDREN'S BOOKS FOR DISTRIBUTION THROUGHOUT ITS NETWORK OF SCHOOLS AND LIBRARIES. A TOTAL OF 113 LOCAL LANGUAGE TITLES WERE PUBLISHED DURING 2020. TO DATE, WE HAVE DISTRIBUTED A CUMULATIVE TOTAL OF 30,978,958 LOCAL AND ENGLISH BOOKS.COVID-19 RESPONSE INITIATIVES IN LITERACYRADIO PROGRAMMING: WITHOUT INTERNET CONNECTIVITY, RADIO IS STILL THE MOST COMMONLY AVAILABLE AND ACCESSED TECHNOLOGY ACROSS THE GLOBE; THEREFORE, THE ORGANIZATION INTRODUCED LITERACY-THEMED RADIO PROGRAMMING. - IN SRI LANKA, THE ORGANIZATION PARTNERED WITH REGIONAL BROADCAST SERVICES TO PROVIDE CONTENT IN BOTH TAMIL AND SINHALA. THE RADIO PROGRAMS FOCUSED ON STORYTELLING FOR CHILDREN AND LITERACY TIPS FOR PARENTS ON HOW BEST TO SUPPORT THEIR CHILDREN'S READING DEVELOPMENT AT HOME. ENGAGEMENT VIA TEXTING: THE ORGANIZATION USED TEXTING TO SUPPORT STUDENTS' FAMILIES WHILE THEY CONTINUED LEARNING AT HOME. - IN CAMBODIA, THE LITERACY TEAM DEVELOPED TEXT AND VIDEO GUIDANCE FOR PARENTS. THE CONTENT FOCUSED ON HIGHLIGHTING THE MOST IMPORTANT LITERACY SKILLS AND PROVIDING ADVICE AND ENCOURAGEMENT FOR PARENTS. USING WORKSHEETS TO DEVELOP SKILLS: HARD COPY RESOURCES, LIKE WORKSHEETS AND BOOKS, ARE ALSO ESSENTIAL COMPONENTS TO KEEP CHILDREN LEARNING DURING THIS TIME. - THE TEAM IN INDIA CREATED AN OFFLINE LITERACY PACKAGE FOR CHILDREN IN GRADES ONE AND TWO WHO DO NOT HAVE ACCESS TO DIGITAL PLATFORMS. THESE INVOLVED WRITING OPPORTUNITIES FOR CHILDREN (BOTH SKILL-BASED AND CREATIVE WRITING). ACCESS TO DIGITAL BOOKS: LITERACY CLOUD, THE ORGANIZATION'S DIGITAL CHILDREN'S BOOK LIBRARY AND PLATFORM FOR TEACHERS THAT WAS CREATED WITH THE SUPPORT OF GOOGLE.ORG, PLAYED A KEY ROLE IN ITS SUCCESS IN 2020. THE ORGANIZATION EXPANDED THE LIBRARY SIGNIFICANTLY, IN PART TO ADDRESS THE NEEDS OF CHILDREN LEARNING REMOTELY DURING THE COVID-19 PANDEMIC. LITERACY CLOUD NOW HOLDS NEARLY 1,600 BOOK TITLES IN 24 DIFFERENT LANGUAGES. THE WEBSITE ITSELF ALSO OPERATES IN 15 DIFFERENT LANGUAGES AND HAS BEEN ACCESSED BY USERS FROM 143 COUNTRIES. 10700299 GIRLS' EDUCATION PROGRAM - THROUGH OUR GIRLS' EDUCATION PROGRAM, WE GIVE GIRLS THE TOOLS TO SELF-ADVOCATE AND FIND POWER IN THEIR VOICES TO CHART A PATH THAT THEY CHOOSE FOR THEMSELVES, RATHER THAN THE ONE FORCED UPON THEM.ROOM TO READ'S GIRLS' EDUCATION PROGRAM ENSURES THAT GIRLS COMPLETE SECONDARY SCHOOL AND HAVE THE SKILLS TO NEGOTIATE KEY LIFE DECISIONS. WE OFFER GIRLS LIFE SKILLS TRAINING, MENTORING, AND NEED-BASED MATERIAL SUPPORT WHILE ALSO INCREASING ADVOCACY FOR GIRLS' EDUCATION AMONG THEIR PARENTS, SCHOOL STAFF, AND COMMUNITIES. WE TAKE A LONG-TERM, HOLISTIC APPROACH BY GOING BEYOND ACADEMICS TO BUILD THE SKILLS THAT GIRLS NEED TO MAKE INFORMED LIFE DECISIONS LIKE CRITICAL (CONTINUED IN SCH O) THINKING, NEGOTIATION AND SELF-CONFIDENCE. ESSENTIAL TO OUR PROGRAM ARE OUR SOCIAL MOBILIZERS, LOCAL WOMEN WHO ARE HIRED AS MENTORS AND WORK WITH GIRLS AND THEIR FAMILIES TO ENSURE THAT GIRLS STAY IN SCHOOL, PARTICIPATE IN LIFE SKILLS ACTIVITIES, AND NAVIGATE THE CHALLENGES OF ADOLESCENCE WITH THE ABILITY TO MAKE THEIR OWN LIFE CHOICES, BOTH PERSONALLY AND PROFESSIONALLY. 2,766,159 GIRLS WERE ENROLLED IN OUR GIRLS' EDUCATION PROGRAM IN 2020. TO DATE, WE HAVE BENEFITTED A TOTAL OF 2,881,061 GIRLS.COVID-19 RESPONSE INITIATIVES IN GIRLS' EDUCATION PROGRAMDISTANCE MENTORING: EVEN WHILE STUDENTS ARE OUT OF SCHOOL, THE ORGANIZATION'S STAFF CONTINUED TO PROVIDE GROUP AND INDIVIDUAL MENTORING BY PHONE TO GIRLS. THEY USED THESE MENTORING SESSIONS TO SUPPORT GIRLS THROUGH THE CRISIS AND PROVIDED ENCOURAGEMENT FOR CONTINUING THEIR ACADEMIC STUDY AT HOME. - THROUGHOUT 2020, THE ORGANIZATION'S STAFF PROVIDED MORE THAN 265,400 INDIVIDUAL REMOTE MENTORING SESSIONS TO OUR PROGRAM PARTICIPANTS. LIFE SKILLS VIDEOS: VIDEO HAS PLAYED AN ESSENTIAL ROLE IN CREATIVELY TEACHING LIFE SKILLS TO GIRLS, AS VIDEOS CAN BE SHARED VIA PHONE AND POTENTIALLY VIA TV. - IN BANGLADESH, CAMBODIA AND VIETNAM, EACH COUNTRY HAS A SERIES OF VIDEOS BASED ON SESSIONS FROM THE ORGANIZATION'S LIFE SKILLS CURRICULUM. TOPICS COVERED INCLUDE SELF-CONFIDENCE, PERSEVERANCE, EMPATHY, COMMUNICATION, RELATIONSHIP BUILDING, FINANCIAL EDUCATION AND MORE. IDENTIFYING AND SUPPORTING GIRLS MOST AT RISK: THE ORGANIZATION'S STAFF INCLUDED A BRIEF RISK SURVEY INTO INDIVIDUAL REMOTE MENTORING SESSIONS TO ASSESS THE RISKS GIRLS ARE FACING DURING SCHOOL CLOSURES. THE ORGANIZATION FOCUSED ON THREE RISK FACTORS: WHETHER GIRLS WERE KEEPING UP WITH THEIR STUDIES DURING SCHOOL CLOSURES, WHETHER ANYONE IN THEIR HOUSEHOLD HAD LOST A JOB OR INCOME BECAUSE OF THE PANDEMIC, AND WHETHER THEY WERE CONCERNED ABOUT THEIR ABILITY TO RETURN TO SCHOOL ONCE OPEN AGAIN. - AT THE END OF 2020, THE PERCENTAGE OF GEP PARTICIPANTS WAS ASSESSED THAT HAD RETURNED TO SCHOOL IN COUNTRIES WHERE SCHOOLS HAD REOPENED AND REMAINED OPEN AT THE END OF 2020. HIGH RETURN RATES WERE OBSERVED INCLUDING 91.5% IN CAMBODIA, 93.7% IN VIETNAM, 95.7% IN SRI LANKA, 96.5% IN LAOS AND 98.9% IN TANZANIA.FORM 990, PART V, LINE 2A:TOTAL EMPLOYEESROOM TO READ HAS 84 U.S. EMPLOYEES THAT WERE ISSUED A 2020 W-2 BUT HAVE A TOTAL OF 1,455 EMPLOYEES WORLDWIDE. 41726967 1 1 0 0 0 0 0 0 0 0 1 0 0 0 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 87 0 1 84 1 0 1 AS BG CB CA HK IN JA LA NP SZ SN SF CE TZ UK VM ZA NZ NL 0 0 0 1 1 0 0 0 0 0 0 X 15 13 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 245915 0 14417 SHARI FREEDMAN CFO 40.00 0.00 X 197611 0 36578 NICOLE SAYRES CHIEF OPERATING OFFICER 40.00 0.00 X 192941 0 23520 HEATHER SIMPSON CHIEF PROGRAM OFFICER 40.00 0.00 X 189445 0 19925 LAURIE MCMAHON CHIEF DEVCOM OFFICER 40.00 0.00 X 189275 0 14159 NANCY SHYER SENIOR DIRECTOR, FINANCE 40.00 0.00 X 159867 0 27527 JULIE SIMS SENIOR DIRECTOR, MARCOMM 40.00 0.00 X 162837 0 22408 ALEXA SHELLEY DIRECTOR, LEGAL AFFAIRS 40.00 0.00 X 156048 0 22661 JOHN WOOD FOUNDER / DIRECTOR 5.00 0.00 X X 142017 0 0 JOHN RIDDING BOARD CHAIR (THRU 03/20) 1.00 0.00 X X 0 0 0 YUSUF ALIREZA DIRECTOR 1.00 0.00 X 0 0 0 ANDREW BALLS DIRECTOR 1.00 0.00 X 0 0 0 MARY BYRON BOARD CHAIR (AS OF 03/20) 1.00 0.00 X 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 1635956 0 181195 17 0 1 0 GRANT THORNTON LLP 101 CALIFORNIA STREET SUITE 2700 SAN FRANCISCO CA 94111 ACCOUNTING SERVICES 217600 1 1782869 2486923 57379310 9885796 61649102 283526 283526 5354194 5313147 41047 41047 41047 0 1782869 61062 -61062 -61062 CONTRACT REVENUE 900099 55000 55000 MISCELLANEOUS REVENUE 900099 5862 5862 CURRENCY EXCHANGE 900099 -19214 -19214 41648 61954261 55000 0 250159 724046 724046 869318 608909 228295 32114 23605250 19818871 970477 2815902 289874 170508 28545 90821 3842522 3458430 104101 279991 654435 416580 72899 164956 57329 35608 9161 12560 272670 78726 152634 41310 1744884 1431993 72360 240531 29971 29971 289787 283356 2819 3612 1375370 1252028 10589 112753 1840486 1441161 143753 255572 653109 604283 12320 36506 68296 66425 1376 495 15922 10155 2307 3460 90748 68731 20626 1391 LITERACY PROGRAM 5270734 5270734 DONATED BOOKS 2871847 2871847 GIRLS EDUCATION PROGRAM 1747358 1747358 DONATED SOFTWARE 497736 458422 10630 28684 1209178 908796 211843 88539 48020870 41726967 2054735 4239168 11051908 17350825 4411968 2655761 12222856 16401115 284685 204425 1359650 2671905 790404 852383 589632 501483 104072 88149 5653732 10837238 288456 292947 36167731 51354748 449722 565886 2832805 1973086 2942635 4521519 6225162 7060491 X 14727222 26832378 15215347 17461879 29942569 44294257 36167731 51354748 X 13933391 102670 315627 X 0 1 X 1 1 1 X 44428211 54112225 54367201 59968360 61649102 274525099 44428211 54112225 54367201 59968360 61649102 274525099 7055057 267470042 141691 140033 188528 201538 283526 955316 786528 312771 289416 279498 5862 1674075 277154490 55000 0.96510 0.96840 X SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: OTHER INCOME - 2016 AMOUNT: $ 511. 2017 AMOUNT: $ 50,912. 2018 AMOUNT: $ 92,480. 2019 AMOUNT: $ 61,937. 2020 AMOUNT: $ 5,862. GROSS INCOME FROM FUNDRAISING - 2016 AMOUNT: $ 786,017. 2017 AMOUNT: $ 261,859. 2018 AMOUNT: $ 196,936. 2019 AMOUNT: $ 217,561. 2020 AMOUNT: $ 0. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 118083 32182 85901 234088 234036 52 237461 235265 2196 88149 ACCRUED LIABILITIES 3130387 PPP LOAN 1391132 4521519 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 US 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 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 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. PAYCHECK PROTECTION PROGRAM (PPP) LOAN: ON APRIL 27, 2020, THE ORGANIZATION SUCCESSFULLY RECEIVED A LOAN FROM THE US SMALL BUSINESS ADMINISTRATION IN THE AMOUNT OF $1,391,132 UNDER THE PAYCHECK PROTECTION PROGRAM ("PPP"). THE PPP, ESTABLISHED AS PART OF THE CORONAVIRUS AID, RELIEF AND ECONOMIC SECURITY ACT ("CARES ACT"), PROVIDES FOR LOANS TO QUALIFYING BUSINESSES FOR AMOUNTS UP TO 2.5 TIMES THE AVERAGE MONTHLY US PAYROLL EXPENSES OF THE QUALIFYING BUSINESS. ON JUNE 5, 2020, THE PAYCHECK PROTECTION PROGRAM FLEXIBILITY ACT OF 2020 WAS SIGNED INTO LAW AND AMENDS THE ORIGINAL CARES ACT MAKING LOAN TERMS MORE FAVORABLE FOR BORROWERS. THE LOANS AND ACCRUED INTEREST ARE FORGIVABLE AFTER TWENTY-FOUR WEEKS AS LONG AS THE BORROWER USES THE LOAN PROCEEDS FOR ELIGIBLE PURPOSES, INCLUDING PAYROLL, CERTAIN BENEFITS AND EMPLOYER TAXES, RENT AND UTILITIES. THE ORGANIZATION APPLIED FOR LOAN FORGIVENESS ON OCTOBER 15, 2020 AND HAS SINCE RECEIVED APPROVAL FROM THE US SMALL BUSINESS ADMINISTRATION FOR FULL FORGIVENESS OF THE PPP LOAN ON JANUARY 16, 2021. 1 SOUTH ASIA 28 914 PROGRAM SERVICES LITERACY & GEP 15960271 SUB-SAHARAN AFRICA 8 120 PROGRAM SERVICES LITERACY & GEP 6215870 EAST ASIA AND THE PACIFIC 16 308 PROGRAM SERVICES LITERACY & GEP 7838429 EUROPE (INCLUDING ICELAND & GREENLAND) 1 6 FUNDRAISING 605736 NORTH AMERICA 1 0 FUNDRAISING 45549 SOUTH ASIA 1 7 FUNDRAISING 133265 SOUTH ASIA 1 22 SUPPORT SERVICES 1243195 EAST ASIA AND THE PACIFIC 4 6 FUNDRAISING 888313 EAST ASIA AND THE PACIFIC 0 0 GRANTMAKING 578099 SOUTH ASIA 0 0 GRANTMAKING 88540 SUB-SAHARAN AFRICA 0 0 GRANTMAKING 57407 60 1383 0 0 60 1383 32930628 724046 33654674 EAST ASIA AND THE PACIFIC LITERACY PROGRAM 561491 SOUTH ASIA LITERACY PROGRAM 88540 SUB-SAHARAN AFRICA LITERACY PROGRAM 57407 EAST ASIA AND THE PACIFIC LITERACY PROGRAM 16608 4 0 1 1 0 0 0 PART I, LINE 2: AFTER ANNUAL BUDGETS ARE PREPARED BY THE COUNTRY TEAMS, THEY ARE REVIEWED AND APPROVED BY THE REGIONAL OFFICES AND 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 SCHOLARS, FAMILIES, COMMUNITY LEADERS AND SCHOOL TEACHERS ON A REGULAR BASIS TO ENSURE PROPER UTILIZATION OF FUNDS DISBURSED. PROGRAM TEAM MEMBERS FROM THE REGIONAL OFFICE AND THE GLOBAL OFFICE COORDINATE TRAVEL ON A REGULAR BASIS TO EVERY COUNTRY TO MONITOR APPROPRIATE DISTRIBUTION AND UTILIZATION OF FUNDS. 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 418804 418804 LONDON GALA 452225 452225 6 911840 911840 61062 1782869 1782869 61062 61062 -61062 SCH G PART II, FUNDRASING EVENTS: DUE TO THE COVID-19 PANDEMIC, ALL FUNDRAISING EVENTS WERE HELD ONLINE. AS A RESULT, ALL OF THE EVENT PROCEEDS WERE TREATED AS 100% CONTRIBUTIONS. X X X X 0 0 0 0 0 0 0 1 0 GEETHA MURALI CEO / DIRECTOR 238443 0 7472 0 0 0 5353 0 9258 0 260526 0 0 0 SHARI FREEDMAN CFO 187785 0 9826 0 0 0 10901 0 25871 0 234383 0 0 0 NICOLE SAYRES CHIEF OPERATING OFFICER 187977 0 4964 0 0 0 10102 0 13611 0 216654 0 0 0 HEATHER SIMPSON CHIEF PROGRAM OFFICER 183898 0 5547 0 0 0 9947 0 10172 0 209564 0 0 0 LAURIE MCMAHON CHIEF DEVCOM OFFICER 183723 0 5552 0 0 0 7553 0 6719 0 203547 0 0 0 NANCY SHYER SENIOR DIRECTOR, FINANCE 155336 0 4531 0 0 0 8360 0 19367 0 187594 0 0 0 JULIE SIMS SENIOR DIRECTOR, MARCOMM 158234 0 4603 0 0 0 8716 0 13886 0 185439 0 0 0 ALEXA SHELLEY DIRECTOR, LEGAL AFFAIRS 151370 0 4678 0 0 0 8316 0 14539 0 178903 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. SCHEDULE J, PART II ALL THE EMPLOYEES INCLUDED IN THE SCHEDULE J LIST TOOK A SALARY CUT FOR 3 MONTHS RANGING FROM 20-25%. ADDITIONALLY, THERE WAS A U.S. 401(K) RETIREMENT ACCOUNT EMPLOYER MATCH FROM 6% TO 4% FOR A FIVE-MONTH PERIOD FOR ALL US BASED EMPLOYEES. X 4074900 FMV X 1 5313159 FMV X SOFTWARE DONATION 4 497737 FMV 0 1 0 PART I, COLUMN (B): NUMBER OF CONTRIBUTIONS OR ITEMS ROOM TO READ IS REPORTING THE NUMBER OF CONTRIBUTIONS RECEIVED. GENERAL INFORMATION: 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 FOUNDATION, 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 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 (THE ORGANIZATION) IS AN INTERNATIONAL, NON-GOVERNMENTAL ORGANIZATION THAT BELIEVES THAT WORLD CHANGE STARTS WITH EDUCATED CHILDREN. WE ENVISION A WORLD IN WHICH ALL CHILDREN CAN PURSUE A QUALITY EDUCATION THAT ENABLES THEM TO REACH THEIR FULL POTENTIAL AND CONTRIBUTE TO THEIR COMMUNITY AND THE WORLD. ROOM TO READ SEEKS TO TRANSFORM THE LIVES OF MILLIONS OF CHILDREN IN LOW INCOME COMMUNITIES BY FOCUSING ON LITERACY AND GENDER EQUALITY. ROOM TO READ'S INNOVATIVE MODEL FOCUSES ON DEEP, SYSTEMIC TRANSFORMATION WITHIN SCHOOLS IN LOW-INCOME COMMUNITIES DURING TWO TIME PERIODS THAT ARE MOST CRITICAL IN A CHILD'S SCHOOLING: EARLY PRIMARY SCHOOL FOR LITERACY ACQUISITION AND SECONDARY SCHOOL FOR GIRLS' EDUCATION. WE WORK IN COLLABORATION WITH LOCAL COMMUNITIES, PARTNER ORGANIZATIONS, AND GOVERNMENTS TO DEVELOP LITERACY SKILLS AND A HABIT OF READING AMONG PRIMARY SCHOOL CHILDREN AND ENSURE GIRLS CAN COMPLETE SECONDARY SCHOOL WITH THE SKILLS NECESSARY TO NEGOTIATE KEY LIFE DECISIONS. ROOM TO READ HAS BENEFITED 23.89 MILLION CHILDREN ACROSS MORE THAN 40,700 COMMUNITIES IN 20 COUNTRIES. IN 2020, ROOM TO READ CONDUCTED PROGRAM OPERATIONS THROUGH DIRECT IMPLEMENTATION IN SEVEN COUNTRIES IN ASIA (BANGLADESH, CAMBODIA, INDIA, LAOS, NEPAL, SRI LANKA AND VIETNAM), AND TWO COUNTRIES IN AFRICA (SOUTH AFRICA AND TANZANIA). ROOM TO READ WAS INCORPORATED IN THE STATE OF WASHINGTON IN 1999 AND MOVED THE ORGANIZATION'S HEADQUARTERS TO ITS CURRENT LOCATION IN SAN FRANCISCO, CALIFORNIA IN 2002. OPERATIONS ARE CONDUCTED AS A REGISTERED INTERNATIONAL NON-GOVERNMENTAL ORGANIZATION (INGO) UNDER AGREEMENTS WITH THE LOCAL RESPONSIBLE GOVERNMENTAL DEPARTMENT(S) IN CERTAIN COUNTRIES AND THROUGH LOCALLY INCORPORATED AFFILIATES IN OTHER COUNTRIES. IN 2020, ROOM TO READ CONDUCTED FUNDRAISING AND BOOK DEVELOPMENT AND DISTRIBUTION ACTIVITIES IN THE US AND FUNDRAISING IN TEN COUNTRIES OUTSIDE OF THE US: NAMELY, AUSTRALIA, CANADA, HONG KONG, INDIA, JAPAN, THE NETHERLANDS, SINGAPORE, SWITZERLAND, THE UNITED KINGDOM, AND NEW ZEALAND. OPERATIONS IN THESE COUNTRIES ARE CONDUCTED THROUGH LOCALLY INCORPORATED LIMITED COMPANIES OR REGISTERED CHARITIES AND FOREIGN AFFILIATES. 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 PREPARED 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. 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. 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 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 XI, LINE 9: CURRENCY TRANSLATION ADJUSTMENT 315,627. 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 390 BAY STREET SUITE 1202 TORONTO ONTARIO CA 2Y2 FUNDRAISING CA ROOM TO READ 1 ROOM TO READ AUSTRALIA LIMITED 166 GLEBE POINT RD GLEBE SUITE 201 NEW SOUTH WALES AS 2037 SUPPORT SERVICES AS ROOM TO READ C 2660367 2804604 1.00000 1 ROOM TO READ AUSTRALIA FOUNDATION 166 GLEBE POINT RD GLEBE SUITE 201 NEW SOUTH WALES AS 2037 FUNDRAISING AS RTR AU LTD T 4863 44121 1.00000 1 ROOM TO READ INDIA PRIVATE COMPANY NO 517 DOUBLE STORYNEW RAJINDRA NEW DELHI IN 110075 PROGRAM IN ROOM TO READ C 1.00000 1 ROOM TO READ INDIA TRUST D-21 CORPORATE PARK DWARKA NEW DEL DWARKA IN 110075 PROGRAM IN IN PVT CO T 2943816 2237171 1.00000 1 ROOM TO READ NEW ZEALAND 89 THE TERRACE WELLINGTON CENTRAL WELLINGTON NZ 6011 FUNDRAISING NZ ROOM TO READ C 4831 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 -28617 149624 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 JAPAN R 159460 FMV ROOM TO READ SINGAPORE S 362026 FMV ROOM TO READ INDIA TRUST R 1053103 FMV ROOM TO READ UK S 2124915 FMV ROOM TO READ GLOBAL SERVICES PRIVATE LIMITED R 1391021 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.