Read to Lead Inc

“The organization has its form 990 prepared by an outside accounting firm and has established the following review process to ensure that the information reported is complete and accurate. When the form 990 has been prepared, reviewed by the treasurer and is ready to be filed with the internal revenue service, it is electronically sent to the audit committee for any comments. A copy of the form 990 is then emailed to the full board of directors for their review. The directors are asked to provide any comments or questions to the treasurer, which are reviewed and considered and the form 990 is updated accordingly, prior to filing with the irs.”

“The organization has a conflict of interest policy that applies to all directors, officers, and key persons. Such persons are required to disclose any actual or potential conflicts of interest annually and as they may arise to the compliance officer of the audit committee. The audit committee is responsible for determining whether a conflict of interest exists and whether or not to proceed with the transaction. The interested person is not permitted to vote on or exercise any influence on the decisions. The proceedings are documented in the minutes of the meeting.”

“Read to lead, inc. Form 990 is also available on guidestar.org and other similar types of websites.”

“The organization ceased is program services as of december 31, 2022, in preparation for dissolution.”

“The organization contracted with a professional employer organization (peo) for services, including but not limited to, payroll, timekeeping, employee benefits, hr administration and workforce regulatory compliance needs. As the employer of record for tax purposes, forms w-2 and w-3 are issued by the peo and filed under the peo's federal ein. In this co-employment arrangement, the organization is the common law employer and, accordingly, compensation is reported on form 990, part vii, section a and part ix, lines 5-10.”

“Other honoraria: program service expenses 455. Management and general expenses 11. Fundraising expenses 89. Total expenses 555. Program consultants/others: program service expenses 232,873. Management and general expenses 75,029. Fundraising expenses 33,671. Total expenses 341,573. Subcontractors: program service expenses 26,005. Management and general expenses 8,379. Fundraising expenses 3,760. Total expenses 38,144. Recruiting & hiring: program service expenses 89. Management and general expenses 29. Fundraising expenses 13. Total expenses 131. Peo fees: program service expenses 27,138. Management and general expenses 5,713. Fundraising expenses 2,857. Total expenses 35,708.”

“Loss on disposition of assets -42,044.”