Form 990 for tax year 2022

Totals

Total revenue

$4,603,761

Total expenses

$3,007,175

Contributions and grants received

$4,371,764

Grants paid

$0

Program service revenue

$221,365

Investment income

$10,632

Other revenue

$0

Total assets, end of year

$2,685,467

Total liabilities, end of year

$82,239

Net assets or fund balances, end of year

$2,603,228

Program services expenses (Part IX)

$2,549,510

Management and general expenses

$225,343

Fundraising expenses

$232,322

Program service expenses (Part III)

$2,549,510

Program services were 84.8% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Mission and programs · 2022

• READWORKSCONTINUES TO FOCUS ON GROWING AND IMPROVING OUR PRODUCT TO IMPACT THE MILLIONS OF USERS WE SERVE, BASED ON DATA, LEARNING SCIENCE, AND A DEEP UNDERSTANDING AND EMPATHY FOR THE PRACTICAL REALITIES FACED BY TEACHERS AND STUDENTS IN CLASSROOMS TODAY. WE HAVEEXPANDED OUR CONTENT AND CURRICULUM OFFERING SIGNIFICANTLY, ADDING NEW ARTICLES TO OUR LIBRARY, SPANNING DIVERSE TOPICS AND INTERESTS. THESE TEXTS INCLUDE NEW CONTENT FROM OUR NEW AND EXISTING PARTNERS AND ARE ALIGNED WITH OUR DIVERSITY, EQUITY, AND INCLUSION GOALS.IN 2022, WE RELEASED ONE OF OUR MOST REQUESTED FEATURES FROM EDUCATORS--A NEW SINGLE SIGN-ON INTEGRATION WITH CLEVER, ONE OF THE MOST WIDELY USED SINGLE SIGN-ON PORTALS IN K-12 EDUCATION THAT STREAMLINES IMPLEMENTATION WITH SECURE ACCOUNTS, DATA MANAGEMENT, AND EASY CLASSROOM ACCESS. LIKE OUR GOOGLE CLASSROOM INTEGRATION, OUR INTEGRATION WITH CLEVER IS ANOTHER WAY TO MAKE USING READWORKS IN THE CLASSROOM EASIER FOR TEACHERS. IN OUR 2021 NATIONAL SURVEY, 46%OF RESPONDENTS REPORTED USING CLEVERIN THEIR CLASSROOMS. READWORKS IS ALSO NOW FEATURED INTHE CLEVER LIBRARY.IN SPRING 2022, READWORKS LAUNCHED BOOK STUDIES TO DELIVER CURATED CONTENT THAT DIRECTLY INTEGRATES WITH THE MOST WIDELY-TAUGHT ELA BOOKS NATIONWIDE, SIMPLIFYING THE PLANNING PROCESS FOR EDUCATORS AND GIVING THEM BACK THE CRITICAL TIME NEEDED TO FURTHER SUPPORT THEIR STUDENTS.EACH BOOK STUDY TEXT SET IS BASED ON THE RESEARCH-SUPPORTED ARTICLE-A-DAY ROUTINE AND INCLUDES SEVEN+ PASSAGES WITH QUESTION SETS TO SEAMLESSLY BUILD BACKGROUND KNOWLEDGE, GROW VOCABULARIES, AND STRENGTHEN STRATEGIC READING FOR STUDENTS.IN THE 2021-2022 SCHOOL YEAR, READWORKS WELCOMED TWO NEW BOARD MEMBERS, GINA CERVETTI AND KARIM (KAM) MOOLANI. CERVETTI WORKED AS AN ASSISTANT PROFESSOR AT THE UNIVERSITY OF COLORADO, BOULDER FOR THREE YEARS. SHE IS NOW AN ASSOCIATE PROFESSOR OF LITERACY, LANGUAGE, AND CULTURE AT THE UNIVERSITY OF MICHIGAN SCHOOL OF EDUCATION, WHERE HER RESEARCH FOCUSES ON THE INTERFACE OF LITERACY AND CONTENT-AREA LEARNING. MOOLANI IS CURRENTLY A MANAGING DIRECTOR AT SILVER POINT CAPITAL IN CONNECTICUT. HE HAS SERVED ON THE NEW YORK METRO ADVISORY BOARD AT THE NETWORK FOR TEACHING ENTREPRENEURSHIP (NFTE)--A NONPROFIT PROVIDING EDUCATIONAL PROGRAMS FOR MIDDLE SCHOOL, HIGH SCHOOL, COLLEGE STUDENTS, AND ADULTS--SINCE 2014.READWORKS IS PROUD TO HAVE PARTNERED WITH CULTURAL INSTITUTIONS LIKE THE INTERNATIONAL QUILT MUSEUM, THE GILDER LEHRMAN INSTITUTE OF AMERICAN HISTORY, THE NATIONAL FISH AND WILDLIFE FOUNDATION, THE PHILADELPHIA MUSEUM OF ART, THE NEW-YORK HISTORICAL SOCIETY, THE AMERICAN MUSEUM OF NATURAL HISTORY, AND MORE. AS WE CONTINUE SERVING STUDENTS AND EDUCATORS, WE LOOK FORWARD TO PARTNERING WITH MORE PRESTIGIOUS INSTITUTIONS AND GROWING OUR PORTFOLIO OF PARTNERS TO PROVIDE EVEN MORE OFTHE HIGH-QUALITY, NONFICTION TEXTS FOR WHICH WE ARE KNOWN.OUR 2022 ANNUAL REPORT CAN BE FOUND HERE:HTTPS://ABOUT.READWORKS.ORG/UPLOADS/7/9/6/7/79679564/READWORKS_ANNUAL_REPORT_2022.PDF

  Expenses $2,549,510 · Revenue $221,365

As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

No itemized grants to organizations on this return.

Provenance

Return type

form_990

Tax year

2022

Filed

12 July 2024

IRS schema version

2022v5.0

Source object

202411949349300841

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