Totals
- Total revenue
- $6,797,738
- Total expenses
- $7,661,348
- Contributions and grants received
- $6,300,778
- Grants paid
- $2,228,911
- Program service revenue
- $587,233
- Investment income
- -$80,330
- Other revenue
- -$9,943
- Total assets, end of year
- $10,778,368
- Total liabilities, end of year
- $802,422
- Net assets or fund balances, end of year
- $9,975,946
- Program services expenses (Part IX)
- $5,265,537
- Management and general expenses
- $1,429,535
- Fundraising expenses
- $966,276
- Program service expenses (Part III)
- $5,265,537
Program services were 68.7% 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
$435,186
-
1e · Government grants (contributions)
$28,206
-
1f · All other contributions, gifts and grants
$5,837,386
-
1g · Noncash contributions included above
$144,652
-
2a · Program service revenue: PROGRAM INCOME
total $587,233 · related or exempt $587,233
-
3 · Investment income
total $32,395 · excluded $32,395
-
7a · Gross sales of assets other than inventory
securities $1,828,092
-
7b · Less cost or other basis and sales expenses
securities $1,940,817
-
7c · Gain or loss
securities -$112,725
-
7d · Net gain or loss
total -$112,725 · excluded -$112,725
-
8a · Fundraising events: gross income
$0
-
8a · Fundraising events: contributions included on line 1c
$435,186
-
8b · Fundraising events: direct expenses
$24,343
-
8c · Net income from fundraising events
total -$24,343 · excluded -$24,343
-
11a · Other revenue: OTHER INCOME
total $14,400 · related or exempt $14,400
-
11e · Other revenue, total
$14,400
Functional expenses
Part IX, the statement of functional expenses.
-
3 · Grants to foreign organizations and individuals
total $2,228,911 · program services $2,228,911
-
5 · Compensation of officers, directors and key employees
total $662,195 · program services $124,591 · management and general $363,037 · fundraising $174,567
-
7 · Other salaries and wages
total $1,817,976 · program services $898,834 · management and general $463,861 · fundraising $455,281
-
8 · Pension plan contributions
total $72,434 · program services $37,282 · management and general $18,547 · fundraising $16,605
-
9 · Other employee benefits
total $266,263 · program services $138,128 · management and general $54,451 · fundraising $73,684
-
10 · Payroll taxes
total $157,725 · program services $86,023 · management and general $36,209 · fundraising $35,493
-
11b · Fees: legal
total $19,115 · management and general $19,115
-
11c · Fees: accounting
total $61,676 · management and general $61,676
-
11g · Fees: other
total $1,177,096 · program services $946,144 · management and general $163,069 · fundraising $67,883
-
12 · Advertising and promotion
total $134,640 · program services $115,988 · fundraising $18,652
-
13 · Office expenses
total $76,077 · program services $7,029 · management and general $39,408 · fundraising $29,640
-
14 · Information technology
total $3,145 · program services $1,394 · management and general $914 · fundraising $837
-
16 · Occupancy
total $83,112 · program services $37,687 · management and general $23,696 · fundraising $21,729
-
17 · Travel
total $130,104 · program services $35,525 · management and general $68,646 · fundraising $25,933
-
19 · Conferences, conventions and meetings
total $13,550 · program services $9,331 · management and general $3,508 · fundraising $711
-
22 · Depreciation, depletion and amortization
total $234,718 · program services $234,718
-
23 · Insurance
total $16,670 · program services $7,559 · management and general $4,753 · fundraising $4,358
-
24a · Other expenses: SOFTWARE SUBSCRIPTIONS
total $260,847 · program services $133,650 · management and general $86,925 · fundraising $40,272
-
24b · Other expenses: READING SUPPLIES & CONT
total $116,482 · program services $116,482
-
24c · Other expenses: TECHNOLOGY DEVELOPMENT
total $105,861 · program services $105,861
-
24d · Other expenses: PROFESSIONAL DEVELOPMEN
total $21,777 · program services $400 · management and general $20,746 · fundraising $631
-
24e · All other expenses
total $974 · management and general $974
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $235,562 · end of year $67,630
-
2 · Savings and temporary cash investments
beginning of year $3,201,619 · end of year $3,402,017
-
3 · Pledges and grants receivable
beginning of year $7,154,461 · end of year $5,699,952
-
4 · Accounts receivable
beginning of year $192,705 · end of year $13,040
-
9 · Prepaid expenses and deferred charges
beginning of year $171,322 · end of year $221,064
-
10a · Land, buildings and equipment: cost or other basis
$175,668
-
10b · Land, buildings and equipment: accumulated depreciation
$175,668
-
10c · Land, buildings and equipment, net
beginning of year $0 · end of year $0
-
14 · Intangible assets
beginning of year $914,476 · end of year $1,373,202
-
15 · Other assets
beginning of year $41,962 · end of year $1,463
-
17 · Accounts payable and accrued expenses
beginning of year $430,146 · end of year $496,906
-
18 · Grants payable
beginning of year $316,289 · end of year $60,078
-
19 · Deferred revenue
beginning of year $326,116 · end of year $245,438
-
27 · Net assets without donor restrictions
beginning of year $2,337,556 · end of year $1,894,931
-
28 · Net assets with donor restrictions
beginning of year $8,502,000 · end of year $8,081,015
Mission and programs · 2022
Mission
WORLDREADER IS A GLOBAL NONPROFIT WHOSE MISSION IS TO GET CHILDREN READING SO THEY CAN REACH THEIR POTENTIAL.
Activities or mission (Part I)
A GLOBAL NONPROFIT WHOSE MISSION IS TO GET CHILDREN READING SO THEY CAN REACH THEIR POTENTIAL.
-
IN 2022, WORLDREADER REACHED THE MILESTONE OF 21 MILLION CUMULATIVE READERS. THAT'S 21 MILLION PEOPLE IN OVER 100 COUNTRIES WHO HAVE EXPERIENCED THE BENEFITS OF READING TO REACH THEIR POTENTIAL. IN 2022 ALONE, WE REACHED 1.6 MILLION READERS AND DISTRIBUTED 6.3 MILLION BOOKS THROUGH STRONG RELATIONSHIPS WITH PARTNERS ACROSS SIX REGIONS (UNITED STATES, EAST AFRICA, WEST AFRICA, LATIN AMERICA, MENA, AND SOUTH ASIA). WORLDREADER IS ALWAYS LOOKING FOR PARTNERS TO REACH MILLIONS MORE.
Expenses $5,265,537 · Grants $2,228,911 · Revenue $601,633
As filed on the 2022 return.
Listed in Part VII
-
John David RisherJOHN DAVID RISHER
CEO
- Total calculated
- $120,546
- From this org
- $84,841
- From related orgs
- $0
- Other
- $35,705
- Hours/week
- 40
-
Chris CaposselaCHRIS CAPOSSELA
CHAIR OF THE BOARD
- Total calculated
- $0
- Hours/week
- 1
-
Kartik RaghavanKARTIK RAGHAVAN
SECRETARY
- Total calculated
- $0
- Hours/week
- 1
-
Charles BrightonCHARLES BRIGHTON
TREASURER
- Total calculated
- $0
- Hours/week
- 1
-
Peter SpiroPETER SPIRO
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Kate JamesKATE JAMES
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1 + 0.5 related
-
Elizabeth Khuri ChandlerELIZABETH KHURI CHANDLER
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Elizabeth DollarELIZABETH DOLLAR
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Dana ReidDANA REID
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Alison RichALISON RICH
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Ericka LockERICKA LOCK
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Prasanna KrishnanPRASANNA KRISHNAN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Gretchen SorensonGRETCHEN SORENSON
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Shannon AtkinsonSHANNON ATKINSON
CHIEF FINANCIAL OFFICER
- Total calculated
- $188,364
- From this org
- $158,853
- From related orgs
- $0
- Other
- $29,511
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $158,853
- Bonus
- $0
- Other
- $0
- Deferred
- $7,569
- Nontaxable benefits
- $21,942
- Filer's total
- $188,364
-
Rebecca Chandler-LeegeREBECCA CHANDLER-LEEGE
CHIEF IMPACT OFFICER
- Total calculated
- $192,650
- From this org
- $183,758
- From related orgs
- $0
- Other
- $8,892
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $183,758
- Bonus
- $0
- Other
- $0
- Deferred
- $8,170
- Nontaxable benefits
- $722
- Filer's total
- $192,650
-
Melanie WiseMELANIE WISE
SR. DIRECTOR, MARKETING & COMM.
- Total calculated
- $160,997
- From this org
- $153,693
- From related orgs
- $0
- Other
- $7,304
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $153,693
- Bonus
- $0
- Other
- $0
- Deferred
- $6,645
- Nontaxable benefits
- $659
- Filer's total
- $160,997
-
Veronica GutierrezVERONICA GUTIERREZ
SR. DIRECTOR, HUMAN RESOURCES
- Total calculated
- $154,425
- From this org
- $147,420
- From related orgs
- $0
- Other
- $7,005
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $147,420
- Bonus
- $0
- Other
- $0
- Deferred
- $6,346
- Nontaxable benefits
- $659
- Filer's total
- $154,425
-
Deborah BackusDEBORAH BACKUS
SR. DRIRECTOR, GLOBAL IMPACT
- Total calculated
- $172,800
- From this org
- $145,689
- From related orgs
- $0
- Other
- $27,111
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $145,689
- Bonus
- $0
- Other
- $0
- Deferred
- $6,384
- Nontaxable benefits
- $20,727
- Filer's total
- $172,800
-
Bea PerdueBEA PERDUE
SR. DIRECTOR, DEVELOPMENT
- Total calculated
- $142,895
- From this org
- $120,692
- From related orgs
- $0
- Other
- $22,203
- Hours/week
- 40
-
Heidi WiliamsHEIDI WILIAMS
DIRECTOR, ACCOUNTING & ADMIN
- Total calculated
- $124,553
- From this org
- $108,197
- From related orgs
- $0
- Other
- $16,356
- Hours/week
- 40
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 · Form 990 of other organizations
- 3 · Compensation survey or study
- 3 · Approval by the board or compensation committee
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
- 7 · Other non-fixed payments
- 8 · Paid under the initial-contract exception
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.
-
DIGITAL READING FOUNDATION
501(C)(3) · TO HELP THE WORLD READ · IN · controlled entity
Directly controlled by WORLDREADERORG
Provenance
- Return type
- form_990
- Tax year
- 2022
- Filed
- 2 August 2023
- IRS schema version
- 2022v5.0
- Source object
- 202342169349300429
Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.
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