Read Alliance Inc.

“Management and all members of the governing board reviewed the 990 prior to filing with the irs. If members of the governing board have questions about the 990 they discuss them with management.”

“Read has developed its conflict of interest policy and periodically reviews the policy to ensure that all its directors and officers continue to act in compliance with applicable laws and to deal with all persons doing business with read appropriately. These policies are guidelines to protect read's interests when it is contemplating entering into a transaction or arrangement that might benefit the private interest of an officer or director of the corporation. These policies are intended to supplement but not replace any applicable state laws governing conflicts of interest and permissible activities applicable to nonprofit and charitable corporations. In connection with any actual or possible conflicts of interest, an interested person must disclose the existence and nature of his/her financial interests to the directors and members of committees with board delegated powers considering the proposed transaction or arrangement. After disclosure of the financial interest, the interested person shall leave the board or committee meeting while the financial interest is discussed and voted upon. The remaining board or committee members shall decide if a conflict of interest exists. For addressing the conflict of interest: a. The executive director of read or the finance committee shall, if appropriate, appoint a disinterested person or committee to investigate alternatives to the proposed transaction or arrangement. B. After exercising due diligence, the executive director or the finance committee shall determine whether read can obtain a more advantageous transaction or arrangement with reasonable efforts from a person or entity that would not give rise to a conflict of interest. C. If a more advantageous transaction or arrangement is not reasonably attainable under circumstances that would not give rise to a conflict of interest, the board or committee shall determine by a majority vote of the disinterested directors whether the transaction or arrangement is in the best interest and for its own benefit and whether the transaction is fair and reasonable to read and shall make its decision as to whether to enter into the transaction or arrangement in conformity with such a determination. Violations of the conflict of interest policy: a. If the executive director or the finance committee has reasonable cause to believe that a member has failed to disclose actual or possible conflicts of interest, it shall inform the member of the basis for such belief and afford the member an opportunity to explain the alleged failure to disclose. B. If, after hearing the response of the member and making such further investigation as may be warranted in the circumstances, the board or committee determines that the member has in fact failed to disclose an actual or possible conflict of interest, it shall take appropriate disciplinary and corrective action. Each director, officer and member of a committee shall sign a statement which affirms that such person: a. Has received a copy of the conflicts of interest policy b. Has read and understands the policy c. Has agreed to comply with the policy d. Understands that read is a nonprofit organization and that in order to maintain its federal tax exemption it must engage primarily in activities which accomplish one or more of its tax-exempt purposes.”

“Read's executive committee determines the compensation for the executive director using data obtained from the 990 of other organizations and a survey conducted by professionals for not-for-profits (pnp). The deliberation and decision are made by the executive committee. The executive director's fiscal 2020 salary review was completed in august 2019. Another review took place in august 2020 for the executive director's fiscal 2021 salary.”

“These documents are available upon request.”

“Read alliance, inc (read) works to accelerate the educational trajectory of early elementary students through the power of teens who provide one-to-one literacy tutoring in under-resourced communities. Read impacts two populations simultaneously, and through a highly structured, research-based curriculum, students average a full year's growth in reading and their teen tutors develop college, career, and life skills. Early intervention prevents reading difficulties from becoming barriers to future success, while teens have a positive direct impact on the lives of children in their communities through meaningful service and jobs.”

“Teen leadership program- young people employed by read's teen leadership program earn minimum wage, and receive leadership development, job readiness, professional skills, and economic empowerment programming. Through their involvement, teen leaders are engaged in meaningful after school employment for 90 minutes a day, for a minimum of three days a week, at a nearby elementary school. Teen leaders are not only trained to deliver the research-based reading curriculum one-on-one to young children, but they are also trained in behavior management and data collection that is crucial to program implementation, reflection and analysis. Teen leaders have the opportunity to advance to senior teen leader, a position with additional responsibility providing support and guidance for the teen leaders, peer to peer development, and supervision.”

“Early literacy program- read's unique early literacy program provides 90 minutes of programming a day in two parts: 1) a 45-minute session of one- to-one, individualized literacy intervention using a phonics-based curriculum delivered to the younger read students by paid read teen leaders, earning minimum wage and 2) a 45-minute group work session led by a read teacher, either homework help or complementary literacy activities. During the one-to-one tutoring session, students read out loud to their teen leaders a book they have already mastered, and then the teen leader provides explicit one-to-one reading instruction and practice. At the end of each session, students are given a book from our lending library for continued practice at home. More than 85 percent of students in our program improve more than a grade level in reading. Read alliance targets its early literacy program to kindergarten, first and second graders who are reading at least half a grade level behind. The individualized, phonics-based instruction uses a leveled curriculum to advance reading skill improvement of an average of at least one reading level in just 30 sessions. In response to the covid-19 pandemic which interrupted in-person programming, read moved its unique dual-impact program model online. Read stayed true to the program model of pairing trained teen leaders one-on-one with struggling early readers, supervised by licensed teachers and professional read staff in a virtual setting. In fy20, read conducted a 3 week test of this virtual model in june, and implemented a 5 week pilot serving 106 children and employing 74 teens in july and august. In fy21, read implemented programming virtually or in a hybrid format throughout the entire year, serving a total of 576 striving readers and employing 189 unduplicated teen leaders throughout the 5 boroughs of nyc and in berks county, pennsylvania during the school year and summer.”

“Other professional fees 40,373 83,975 125,353 other professional fees 45,998 0 0 total 86,371 83,975 125,353”

“The process has not changed from the prior year.”