Totals
- Total revenue
- $59,353,421
- Total expenses
- $66,869,924
- Contributions and grants received
- $63,414,883
- Grants paid
- $2,863,916
- Program service revenue
- $0
- Investment income
- -$3,639,594
- Other revenue
- -$421,868
- Total assets, end of year
- $72,676,292
- Total liabilities, end of year
- $9,147,179
- Net assets or fund balances, end of year
- $63,529,113
- Program services expenses (Part IX)
- $57,711,666
- Management and general expenses
- $2,771,051
- Fundraising expenses
- $6,387,207
- Program service expenses (Part III)
- $57,711,666
Program services were 86.3% 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.
Revenue
Part VIII, the statement of revenue.
-
1c · Fundraising events
$263,181
-
1e · Government grants (contributions)
$3,639,620
-
1f · All other contributions, gifts and grants
$59,512,082
-
1g · Noncash contributions included above
$6,457,524
-
3 · Investment income
total $350,518 · excluded $350,518
-
7a · Gross sales of assets other than inventory
securities $20,504,619
-
7b · Less cost or other basis and sales expenses
securities $24,494,731
-
7c · Gain or loss
securities -$3,990,112
-
7d · Net gain or loss
total -$3,990,112 · excluded -$3,990,112
-
8a · Fundraising events: gross income
$100,394
-
8a · Fundraising events: contributions included on line 1c
$263,181
-
8b · Fundraising events: direct expenses
$567,240
-
8c · Net income from fundraising events
total -$466,846 · excluded -$466,846
-
11a · Other revenue: MISCELLANEOUS REVENUE
total $70,240 · excluded $70,240
-
11b · Other revenue: CONTRACT REVENUE
total $18,000 · related or exempt $18,000
-
11c · Other revenue: CURRENCY EXCHANGE
total -$43,262 · excluded -$43,262
-
11e · Other revenue, total
$44,978
Functional expenses
Part IX, the statement of functional expenses.
-
3 · Grants to foreign organizations and individuals
total $2,863,916 · program services $2,863,916
-
5 · Compensation of officers, directors and key employees
total $1,019,876 · program services $625,311 · management and general $329,011 · fundraising $65,554
-
7 · Other salaries and wages
total $26,932,396 · program services $22,077,435 · management and general $1,196,470 · fundraising $3,658,491
-
8 · Pension plan contributions
total $478,720 · program services $308,636 · management and general $58,090 · fundraising $111,994
-
9 · Other employee benefits
total $4,338,208 · program services $3,928,353 · management and general $86,079 · fundraising $323,776
-
10 · Payroll taxes
total $901,594 · program services $547,134 · management and general $107,631 · fundraising $246,829
-
11b · Fees: legal
total $211,351 · program services $121,266 · management and general $85,662 · fundraising $4,423
-
11c · Fees: accounting
total $393,383 · program services $217,104 · management and general $121,549 · fundraising $54,730
-
11g · Fees: other
total $7,076,884 · program services $6,022,705 · management and general $282,529 · fundraising $771,650
-
12 · Advertising and promotion
total $36,480 · fundraising $36,480
-
13 · Office expenses
total $436,804 · program services $392,141 · management and general $13,928 · fundraising $30,735
-
14 · Information technology
total $1,839,230 · program services $1,518,184 · management and general $15,551 · fundraising $305,495
-
16 · Occupancy
total $1,924,608 · program services $1,586,598 · management and general $140,812 · fundraising $197,198
-
17 · Travel
total $1,454,247 · program services $1,248,065 · management and general $55,199 · fundraising $150,983
-
19 · Conferences, conventions and meetings
total $172,660 · program services $170,646 · management and general $588 · fundraising $1,426
-
22 · Depreciation, depletion and amortization
total $13,119 · program services $8,817 · management and general $2,007 · fundraising $2,295
-
23 · Insurance
total $105,092 · program services $74,886 · management and general $26,557 · fundraising $3,649
-
24a · Other expenses: LITERACY PROGRAM
total $7,174,220 · program services $7,174,220
-
24b · Other expenses: DONATED BOOKS
total $3,264,316 · program services $3,264,316
-
24c · Other expenses: GIRLS EDUCATION PROGRAM
total $2,367,577 · program services $2,367,577
-
24d · Other expenses: STAFF RECRUITMENT & DEV
total $1,148,203 · program services $924,564 · management and general $192,295 · fundraising $31,344
-
24e · All other expenses
total $2,717,040 · program services $2,269,792 · management and general $57,093 · fundraising $390,155
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $12,182,760 · end of year $10,961,661
-
2 · Savings and temporary cash investments
beginning of year $1,882,356 · end of year $710,657
-
3 · Pledges and grants receivable
beginning of year $21,568,442 · end of year $29,456,572
-
4 · Accounts receivable
beginning of year $281,467 · end of year $192,678
-
8 · Inventories for sale or use
beginning of year $1,753,478 · end of year $4,573,546
-
9 · Prepaid expenses and deferred charges
beginning of year $1,022,538 · end of year $1,253,095
-
10a · Land, buildings and equipment: cost or other basis
$595,281
-
10b · Land, buildings and equipment: accumulated depreciation
$529,154
-
10c · Land, buildings and equipment, net
beginning of year $73,597 · end of year $66,127
-
11 · Investments: publicly traded securities
beginning of year $40,916,968 · end of year $20,968,687
-
15 · Other assets
beginning of year $262,823 · end of year $4,493,269
-
17 · Accounts payable and accrued expenses
beginning of year $808,424 · end of year $982,468
-
19 · Deferred revenue
beginning of year $764,892 · end of year $718,146
-
25 · Other liabilities
beginning of year $4,141,291 · end of year $7,446,565
-
27 · Net assets without donor restrictions
beginning of year $49,122,464 · end of year $34,293,203
-
28 · Net assets with donor restrictions
beginning of year $25,107,358 · end of year $29,235,910
Mission and programs · 2022
Mission
ROOM TO READ IS CREATING A WORLD FREE FROM ILLITERACY AND GENDER INEQUALITY, THROUGH EDUCATION.
-
OUR LITERACY PROGRAM TRANSFORMS PRIMARY SCHOOLS TO ENABLE CHILDREN TO BECOME INDEPENDENT READERS AND LIFELONG LEARNERS. OUR LITERACY PROGRAM TRAINS AND COACHES TEACHERS, CREATES QUALITY BOOKS AND CURRICULAR MATERIALS AND ESTABLISHES LIBRARIES FILLED WITH DIVERSE CHILDREN'S BOOKS IN LOCAL LANGUAGES THAT CAN BE ENJOYED AT SCHOOL OR HOME. WE PARTNER WITH LOCAL COMMUNITIES, GOVERNMENTS AND THE PUBLISHING INDUSTRY TO TEST AND IMPLEMENT INNOVATIVE MODELS THAT HELP CHILDREN SUCCEED IN SCHOOL AND DEVELOP A LOVE OF READING. TO DATE, ROOM TO READ HAS BENEFITED 38 MM CHILDREN AND MORE THAN 67035 PARTNER SCHOOLS THROUGH ITS LITERACY PORTFOLIO. (CONTINUED IN SCHEDULE O)
Expenses $40,830,851 · Grants $2,863,916 · Revenue $18,000
-
OUR GIRLS' EDUCATION PROGRAM HELPS GIRLS BUILD THE SKILLS TO SUCCEED IN SCHOOL AND MAKE KEY LIFE DECISIONS. WE PREPARE GIRLS TO MAKE POSITIVE CHANGE BY PROVIDING LIFE SKILLS CURRICULUM, OPPORTUNITIES FOR MENTORSHIP AND PEER SUPPORT AND FAMILY AND COMMUNITY ENGAGEMENT. OUR PROGRAM SUPPORTS YOUNG PEOPLE OF ALL GENDERS TO BUILD KNOWLEDGE AND SKILLS WITH WHICH THEY CAN CREATE A GENDER EQUAL WORLD. WE HELP GOVERNMENTS DELIVER SIMILAR PROGRAMS THROUGH THEIR OWN EDUCATION SYSTEMS.TO DATE, ROOM TO READ HAS BENEFITED 3.4MM GIRLS THROUGH ITS GIRLS' EDUCATION AND GENDER EQUALITY PORTFOLIO. (CONTINUED IN SCHEDULE O)
Expenses $16,880,815
As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.
Listed in Part VII
-
Geetha MuraliGEETHA MURALI
CEO / DIRECTOR
- Total calculated
- $373,493
- From this org
- $358,527
- From related orgs
- $0
- Other
- $14,966
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $344,860
- Bonus
- $13,667
- Other
- $0
- Deferred
- $5,173
- Nontaxable benefits
- $9,793
- Filer's total
- $373,493
-
John RiddingJOHN RIDDING
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Yusuf AlirezaYUSUF ALIREZA
BOARD CHAIR
- Total calculated
- $0
- Hours/week
- 1
-
Andrew BallsANDREW BALLS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Mary ByronMARY BYRON
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Dr Luis CrouchDR LUIS CROUCH
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Carl HuttenlocherCARL HUTTENLOCHER
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Elizabeth KingELIZABETH KING
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
John LindforsJOHN LINDFORS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Frank Van VeenendaalFRANK VAN VEENENDAAL
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Susan WojcickiSUSAN WOJCICKI
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Stasia ObremskeySTASIA OBREMSKEY
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Sabine ChalmersSABINE CHALMERS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Mike Cannon-BrookesMIKE CANNON-BROOKES
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Scott KapnickSCOTT KAPNICK
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Lydie HudsonLYDIE HUDSON
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Najoh Tita-ReidNAJOH TITA-REID
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Vicky TsaiVICKY TSAI
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Sonny KalsiSONNY KALSI
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Maria McGlynnMARIA MCGLYNN
CHIEF OF STAFF
- Total calculated
- $97,243
- From this org
- $80,931
- From related orgs
- $0
- Other
- $16,312
- Hours/week
- 40
-
Shari FreedmanSHARI FREEDMAN
CFO
- Total calculated
- $298,559
- From this org
- $264,140
- From related orgs
- $0
- Other
- $34,419
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $253,558
- Bonus
- $10,582
- Other
- $0
- Deferred
- $13,113
- Nontaxable benefits
- $21,306
- Filer's total
- $298,559
-
Nicole SayresNICOLE SAYRES
CHIEF OPERATING OFFICER
- Total calculated
- $250,581
- From this org
- $224,902
- From related orgs
- $0
- Other
- $25,679
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $214,671
- Bonus
- $10,231
- Other
- $0
- Deferred
- $12,513
- Nontaxable benefits
- $13,166
- Filer's total
- $250,581
-
Heather SimpsonHEATHER SIMPSON
CHIEF PROGRAM OFFICER
- Total calculated
- $285,343
- From this org
- $259,241
- From related orgs
- $0
- Other
- $26,102
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $249,377
- Bonus
- $9,864
- Other
- $0
- Deferred
- $14,960
- Nontaxable benefits
- $11,142
- Filer's total
- $285,343
-
Laurie McMahonLAURIE MCMAHON
CHIEF DEVCOM OFFICER
- Total calculated
- $243,072
- From this org
- $233,677
- From related orgs
- $0
- Other
- $9,395
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $223,395
- Bonus
- $10,282
- Other
- $0
- Deferred
- $9,395
- Nontaxable benefits
- $0
- Filer's total
- $243,072
-
Nancy ShyerNANCY SHYER
VICE PRESIDENT, FINANCE
- Total calculated
- $239,559
- From this org
- $208,513
- From related orgs
- $0
- Other
- $31,046
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $199,797
- Bonus
- $8,716
- Other
- $0
- Deferred
- $10,989
- Nontaxable benefits
- $20,057
- Filer's total
- $239,559
-
Christine BeggsCHRISTINE BEGGS
VICE PRESIDENT, RME
- Total calculated
- $236,714
- From this org
- $209,198
- From related orgs
- $0
- Other
- $27,516
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $200,122
- Bonus
- $9,076
- Other
- $0
- Deferred
- $12,007
- Nontaxable benefits
- $15,509
- Filer's total
- $236,714
-
Michael BowersMICHAEL BOWERS
CHIEF PROGRAM IMPLEMENTATION OFFICER
- Total calculated
- $232,826
- From this org
- $220,997
- From related orgs
- $0
- Other
- $11,829
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $212,382
- Bonus
- $8,615
- Other
- $0
- Deferred
- $0
- Nontaxable benefits
- $11,829
- Filer's total
- $232,826
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
Answered yes
- 3 · Compensation committee
- 3 · Independent compensation consultant
- 3 · Compensation survey or study
- 3 · Approval by the board or compensation committee
- 7 · Other non-fixed payments
Answered no
- 4a · Severance or change-of-control payment
- 4b · Supplemental nonqualified retirement plan
- 4c · Equity-based compensation arrangement
- 5a · Pay contingent on this organization's revenues
- 5b · Pay contingent on a related organization's revenues
- 6a · Pay contingent on this organization's net earnings
- 6b · Pay contingent on a related organization's net earnings
- 8 · Paid under the initial-contract exception
The filer's explanations (Part III)
- 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.
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.
Related organizations on this return
Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.
-
ROOM TO READ JAPAN
FUNDRAISING · JA · controlled entity
Directly controlled by ROOM TO READ
-
ROOM TO READ SINGAPORE
FUNDRAISING · SN · controlled entity
Directly controlled by ROOM TO READ
-
ROOM TO READ SWITZERLAND
FUNDRAISING · SZ · controlled entity
Directly controlled by ROOM TO READ
-
ROOM TO READ UNITED KINGDOM
FUNDRAISING · UK · controlled entity
Directly controlled by ROOM TO READ
-
ROOM TO READ HONG KONG
FUNDRAISING · HK · controlled entity
Directly controlled by ROOM TO READ
-
ROOM TO READ ZAMBIA
PROGRAMS · ZA · controlled entity
Directly controlled by ROOM TO READ
-
ROOM TO READ SOUTH AFRICA
PROGRAMS · SF · controlled entity
Directly controlled by ROOM TO READ
-
ROOM TO READ CANADA
FUNDRAISING · CA · controlled entity
Directly controlled by ROOM TO READ
Taxable family on this return
Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.
Related corporations and trusts
Part IV: related organizations taxable as a corporation or trust.
-
ROOM TO READ AUSTRALIA LIMITED
C · FUNDRAISING · AS · 100% owned · share of income $6,318,683 · share of assets $6,610,084 · controlled entity
Directly controlled by ROOM TO READ
-
ROOM TO READ INDIA PRIVATE COMPANY
C · PROGRAM · IN · 100% owned · share of assets $914 · controlled entity
Directly controlled by ROOM TO READ
-
ROOM TO READ INDIA TRUST
T · PROGRAM · IN · 100% owned · share of income $3,858,789 · share of assets $1,013,365 · controlled entity
Directly controlled by IN PVT CO
-
ROOM TO READ NEW ZEALAND
C · FUNDRAISING · NZ · 100% owned · share of assets $4,289 · controlled entity
Directly controlled by ROOM TO READ
-
ROOM TO READ GLOBAL SERVICES PVT LTD
C · SUPPORT SERVICES · IN · 100% owned · share of income $1,979,667 · share of assets $272,944 · controlled entity
Directly controlled by ROOM TO READ
Provenance
- Return type
- form_990
- Tax year
- 2022
- Filed
- 21 August 2023
- IRS schema version
- 2022v5.0
- Source object
- 202302339349300525
Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.
The source document this was parsed from is served over the API, which is where bulk and document access live.