2020-08-26T10:05:19-05:00 2019-12-31 221430039 SOBEL & CO LLC CPA'S 293 EISENHOWER PARKWAY LIVINGSTON NJ 070391711 990 2019-01-01 134367685 LITWORLD INTERNATIONAL INC LITW 6462378959 1115 BROADWAY 12TH FLOOR NEW YORK NY 10010 DONNA STEIN TREASURER 6462378959 2020-08-26 1 BRIDGET HARTNETT P01429163 9739949494 2020-08-26 96.225.92.15 2020-08-26 08:54:09 ED P DA39A3EE5E6B4B0D3255BFEF95601890AFD80709 219EA9365B7B9753A25488AEC142D146ED78A548 2019 2020-11-19 02:30:22Z X DOROTHY LEE 1115 BROADWAY 12TH FLOOR NEW YORK NY 10010 1342476 0 X WWW.LITWORLD.ORG X 2007 NY STRENGTHENING KIDS AND COMMUNITIES THROUGH THE POWER OF STORIES 12 12 11 50 0 0 813420 587483 381418 713183 1495 4395 -22421 -41376 1173912 1263685 22414 8000 0 0 623196 536681 0 0 213853 642245 508336 1287855 1053017 -113943 210668 1245480 1458760 2057 4669 1243423 1454091 X STRENGTHENING KIDS AND COMMUNITIES THROUGH THE POWER OF STORIES 0 1 666057 8000 713183 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. 666057 1 1 0 0 0 0 0 0 0 0 1 0 0 0 0 1 1 0 0 1 1 0 0 0 1 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 8 0 1 11 1 0 0 0 0 0 1 1 0 0 0 0 0 0 X 12 12 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 CARLTON BUSH BOARD MEMBER 1.00 X 0 0 0 LAUREN BLUM BOARD MEMBER 1.00 X 0 0 0 CHRISTINE J CHAO BOARD MEMBER 2.00 X 0 0 0 DR ERNEST MORRELL BOARD MEMBER 1.00 X 0 0 0 HILARY VARTANIAN BOARD MEMBER 1.00 X 0 0 0 AMY YATES CAPONE BOARD MEMBER 1.00 X 0 0 0 QIAN GAO BOARD MEMBER 1.00 X 0 0 0 SAMANTHA SIEGAL BOARD MEMBER 1.00 X 0 0 0 SHISHIR AGARWAL BOARD MEMBER 1.00 X 0 0 0 ELLEN FREDERICKS CHAIRPERSON 4.00 X X 0 0 0 DONNA DUSKIN STEIN TREASURER 1.00 X X 0 0 0 ALICE GOH BOARD MEMBER 1.00 X 0 0 0 DOROTHY LEE EXECUTIVE DIRECTOR 40.00 X 81667 0 0 81667 0 0 0 0 0 0 0 182045 405438 1478 587483 SERVICE INCOME 611110 713183 713183 713183 4449 4449 3475 3529 -54 -54 -54 33886 182045 75262 -41376 -41376 1263685 713183 0 -36981 8000 8000 81667 40833 20417 20417 377759 211486 56447 109826 43922 24123 7348 12451 33333 18306 5577 9450 52424 2448 31231 18745 7 4 3 42366 2470 31501 8395 2164 2164 12808 921 1257 10630 56543 33920 1564 21059 8859 5171 3540 148 1470 1470 7619 7619 PAYMENTS TO PARTNERS 316890 316890 OTHER EXPENSES 6780 4196 2584 INTERNS EXPENSES 406 19 242 145 1053017 666057 173107 213853 705267 1014449 341227 345551 163790 71552 24596 24708 17711 17711 0 0 10600 2500 1245480 1458760 2057 4669 2057 4669 X 1059073 1392680 184350 61411 1243423 1454091 1245480 1458760 210668 0 X X 0 1 X 1 0 X 985638 1455858 1297862 813420 587483 5140261 985638 1455858 1297862 813420 587483 5140261 1716076 3424185 1040 481 477 1464 4449 7911 5148172 1592917 0.66510 0.61850 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 17711 17711 0 0 X 1338947 0 1338947 -75262 -75262 1263685 1128279 75262 75262 1053017 0 1053017 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, 2019 AND 2018. AT DECEMBER 31, 2019 AND 2018, THERE ARE NO SIGNIFICANT INCOME TAX UNCERTAINTIES THAT ARE EXPECTED TO HAVE A MATERIAL IMPACT ON THE ORGANIZATIONS FINANCIAL STATEMENTS. PART XI, LINE 4B - OTHER ADJUSTMENTS: DIRECT FUNDRAISING EXPENSE -75,262. PART XII, LINE 2D - OTHER ADJUSTMENTS: DIRECT FUNDRAISING EXPENSE 75,262. 1 SOUTH AMERICA - ARGENTINA, BOLIVIA, BRAZIL, CHILE, COLUMBIA, ECUADOR, 1 0 LITERACY CLUBS LITERACY AND EMPOWERMENT WORKSHOPS FOR CHILDREN 29000 CENTRAL AMERICA AND THE CARIBBEAN - ANTIGUA & BARBUDA, ARUBA, BAHAMAS, 3 0 LITERACY CLUBS LITERACY AND EMPOWERMENT WORKSHOPS FOR CHILDREN 33749 SOUTH ASIA - AFGHANISTAN, BANGLADESH, BHUTAN, INDIA, MALDIVES, NEPAL, 3 0 LITERACY CLUBS LITERACY AND EMPOWERMENT WORKSHOPS FOR CHILDREN 62604 SUB-SAHARAN AFRICA - ANGOLA, BENIN, BOTSWANA, BURKINA FASO, 8 0 LITERACY CLUBS LITERACY AND EMPOWERMENT WORKSHOPS FOR CHILDREN 135393 EAST ASIA AND THE PACIFIC - AUSTRALIA, BRUNEI, BURMA, CAMBODIA, 1 0 LITERACY CLUBS LITERACY AND EMPOWERMENT WORKSHOPS FOR CHILDREN 22750 16 0 0 0 16 0 283496 0 283496 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: GALA 215931 182045 33886 58204 17058 215931 182045 33886 58204 17058 75262 -41376 1 SPRINGBOARD TO OPPORTUNITIES 3000 OLD CANTON ROAD STE 470 JACKSON MS 39216 461917760 501(C)(3) 8000 FMV FUNDING FOR LITCLUBS 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 III, LINE 3 THE ORGANIZATION'S HERSTORY AGREEMENT WITH GLOBAL G.L.O.W, A 501(C)(3) ORGANIZATION, WAS TERMINED BY MUTUAL CONSENT ON JANUARY 1, 2019. UNDER THE AGREEMENT, THE ORGANIZATION AND GLOBAL G.L.O.W. SHARED PROGRAMMATIC AND FISCAL RESPONSBILITIES. 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.