Civic Intelligence

Rural Education and Development Inc.

990 • Fiscal year 2020 • EIN 23-2656376

Jan 01, 2020 to Dec 31, 2020 • Filed on Nov 01, 2021

Organization ProfileWWW.READGLOBAL.ORG

View Organization Page

PO Box 29286San Francisco, CA 94129

(415) 289-9949

Siviq Scores

Scores are not available for this record yet.

Balance Sheet

Assets

Flat

$1,013,505

Flat from 2020

Net Assets

Flat

$987,730

Flat from 2020

Liabilities

Flat

$25,775

Flat from 2020

Revenue And Expenses

Revenue

Flat

$821,991

Flat from 2020

Expenses

Flat

$805,574

Flat from 2020

Net Income

Flat

$16,417

Flat from 2020

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$6.0M$4.0M$2.0M$0Assets 2011: $5,951,192Liabilities 2011: $173,582Net Assets 2011: $5,777,6102011Assets 2012: $4,943,066Liabilities 2012: $206,353Net Assets 2012: $4,736,7132012Assets 2013: $3,648,201Liabilities 2013: $128,671Net Assets 2013: $3,519,5302013Assets 2014: $3,738,814Liabilities 2014: $103,532Net Assets 2014: $3,635,2822014Assets 2015: $1,175,541Liabilities 2015: $50,417Net Assets 2015: $1,125,1242015Assets 2016: $1,774,006Liabilities 2016: $27,950Net Assets 2016: $1,746,0562016Assets 2017: $1,196,378Liabilities 2017: $64,537Net Assets 2017: $1,131,8412017Assets 2018: $1,655,459Liabilities 2018: $49,938Net Assets 2018: $1,605,5212018Assets 2019: $1,010,246Liabilities 2019: $38,930Net Assets 2019: $971,3162019Assets 2020: $1,013,505Liabilities 2020: $25,775Net Assets 2020: $987,7302020Assets 2020: $1,013,505Liabilities 2020: $25,775Net Assets 2020: $987,7302020Assets 2021: $738,067Liabilities 2021: $16,872Net Assets 2021: $721,1952021Assets 2022: $962,389Liabilities 2022: $201,500Net Assets 2022: $760,8892022Assets 2023: $1,054,772Liabilities 2023: $51,203Net Assets 2023: $1,003,5692023Assets 2024: $887,350Liabilities 2024: $13,409Net Assets 2024: $873,9412024

Highlighted filing

2020

Assets$1,013,505
Liabilities$25,775
Net Assets$987,730
Open 2020 Filing

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$10M$5.0M$0-$5.0MRevenue 2011: $6,309,604Expenses 2011: $1,290,496Net Income 2011: $5,019,1082011Expenses 2012: $1,935,5342012Revenue 2013: $1,068,359Expenses 2013: $2,023,311Net Income 2013: -$954,9522013Revenue 2014: $2,467,767Expenses 2014: $2,352,015Net Income 2014: $115,7522014Revenue 2015: $572,774Expenses 2015: $2,574,961Net Income 2015: -$2,002,1872015Revenue 2016: $1,469,172Expenses 2016: $1,877,189Net Income 2016: -$408,0172016Revenue 2017: $861,999Expenses 2017: $1,502,674Net Income 2017: -$640,6752017Revenue 2018: $1,666,341Expenses 2018: $1,192,661Net Income 2018: $473,6802018Revenue 2019: $875,067Expenses 2019: $1,509,272Net Income 2019: -$634,2052019Revenue 2020: $821,991Expenses 2020: $805,574Net Income 2020: $16,4172020Revenue 2020: $821,991Expenses 2020: $805,574Net Income 2020: $16,4172020Revenue 2021: $459,958Expenses 2021: $726,493Net Income 2021: -$266,5352021Revenue 2022: $669,009Expenses 2022: $629,315Net Income 2022: $39,6942022Revenue 2023: $760,941Expenses 2023: $522,811Net Income 2023: $238,1302023Revenue 2024: $339,528Expenses 2024: $469,158Net Income 2024: -$129,6302024

Highlighted filing

2020

Revenue$821,991
Expenses$805,574
Net Income$16,417
Open 2020 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2020 to Dec 31, 2020
Signed
Nov 1, 2021
Return Version
2020v4.1
Gross Receipts
$822,020
Mission and Program Overview

Mission

Read global is a non-profit organization working in rural asia to build community library and resource centers (read centers) that serve as platforms for education, community development, and women's empowerment.

Rural education and development, inc. (read global) partners with three local country organizations to establish community library and resource centers (read centers) as vehicles for social and economic transformation.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$477,851$790,294▲ $312,443
Savings and Temporary Cash Investments$125,440--
Prepaid Expenses and Deferred Charges$132,451$122,485▼ $9,966
Pledges and Grants Receivable$263,832$99,020▼ $164,812
Land, Buildings, and Equipment, Net$351$1,706▲ $1,355
Total Assets$1,010,244$1,013,505▲ $3,261
Other Assets Total$10,319$0▼ $10,319
Liabilities
Accounts Payable and Accrued Expenses$38,931$25,775▼ $13,156
Total Liabilities$38,931$25,775▼ $13,156
Net Assets / Fund Balance
Net Assets With Donor Restrictions$776,166$649,951▼ $126,215
Net Assets Without Donor Restrictions$195,147$337,779▲ $142,632
Total Net Assets Fund Balance$971,313$987,730▲ $16,417
Total Liabilities and Net Assets / Fund Balance$1,010,244$1,013,505▲ $3,261

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$1,706$189$1,895
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Naita Saechao ChialvoDeputy DirectorFT$88,718$18,341$107,059
Tina SciabicaExecutive DirectorFT$75,098$5,525$80,623

Board Members and Trustees

NameTitle
Toni NeaubauerBoard Chair
Deborah JacobsBoard Chair Thru 3/20
Sarah StreetFinance Chair Thru 3/20
Carey BohjanenMember
Melissa AndersonMember
Swathi Balasubramanian MasserMember
Carolyn BrehmMember Thru 7/20
Sabina AhmedMember Thru 7/20
Beth HalvorsenMember Thru 9/20
Revenue and Support

Revenue Composition

Contributions and Grants
$819,776
Program Service Revenue
$0
Investment Income
$-9
Other Revenue
$2,224
All Other Contributions
$819,776
Change in Net Assets
$16,417

Audited Revenue Reconciliation

Revenue per Audited Statements
$821,991
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$821,991
Total Revenue per Form 990
$821,991
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$344,149
Other Expenses$256,051
Salaries, Compensation, and Employee Benefits$205,374
Total Fundraising Expense$32,878
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Foreign Grants$344,149--$344,149
Fees for Services Other$110,946$57,279$22,193$190,418
Current Officers, Directors, Trustees, and Key Employees$150,145$28,152$9,384$187,681
Fees for Services Accounting-$39,559-$39,559
Office Expenses$167$12,486$585$13,238
Payroll Taxes$10,463$1,962$654$13,079
Insurance-$4,450-$4,450
Information Technology-$3,871-$3,871
Other Salaries and Wages$3,663-$15$3,678
Travel$954$662-$1,616
Conferences and Meetings$1,223--$1,223
Fees for Services Legal-$1,135-$1,135
Other Employee Benefits$749$140$47$936
Depreciation Depletion-$541-$541
Total Functional Expenses$622,459$150,237$32,878$805,574

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$805,574
Total Expenses per Audited Statements$805,574
Total Expenses per Form 990$805,574
Expenses Not Reported on Financial Statements$0
Expenses Not Reported on Form 990$0
International Activity

International Summary

Offices
0
Employees
3
Spending
$472,449

International Compliance

Foreign grant records maintained
Yes
Activity in boycott countries
No
Foreign corporation ownership
No
Foreign partnership interest
No
Interest in foreign trust
No
Passive foreign investment company interest
No
Transfers to foreign corporations
No

International Activities

RegionActivityServicesOfficesEmployeesSpending
South AsiaGrants to RecipientsPartner With Rural Communities to Establish Read Centers & Programs00$344,149
South AsiaProgram ServicesIndependent Consultant Providing Programmatic Support to the Region - Megan, Sanjana and Irma03$128,300
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
No
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
Yes

Governance Explanations

Form 990, Part VI, Section A, Line 1

“The board may, by resolution, designate and appoint board committees as it considers necessary for the operation or administration of the corporation. These committees, to the extent provided in said resolution shall have and exercise the authority of the board in the management of the corporation.”

Form 990, Part VI, Section A, Line 2

“Dr. Antonia neubauer and melissa anderson - family relationship”

Form 990, Part VI, Section A, Line 3

“Megan volk managed asia based programs.”

Form 990, Part VI, Section B, Line 11B

“The form 990 is prepared and reviewed by the executive director, deputy director and external cpa first. Then, once a draft is ready, read global management shares a copy of the draft with the board chair and the treasurer for draft approval. Once the draft is approved, and a final draft is prepared by the tax firm, read global management will share the final draft copy with the entire board before it is submitted to the irs.”

Form 990, Part VI, Section B, Line 15A

“Compensation for the top management official was reviewed by the chairman of the board. Comparable data was used in the compensation process and the process was documented. The last compensation review took place in february 2019. The executive director reviews and determines compensation for employees.”

Form 990, Part VI, Section C, Line 19

“Governing documents and conflict of interest policy are not available for the general public. Financial statements are available for review on the organization website.”

Filing and Contact Details

Filer

Filer Name
Rural Education & Development Inc
EIN
23-2656376
Phone
4152899949
Address
PO BOX 29286, SAN FRANCISCO, CA 94129

Signing Officer

Name
Megan Volk
Title
Deputy Director
Phone
4152899949
Signed
2021-11-01
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Megan Volk
Formed
1992
Legal Domicile
CA
Voting Board Members
4
Independent Board Members
4
Employees
3
Volunteers
12

Preparer

Firm
Cliftonlarsonallen Llp
Address
10700 NORTHUP WAY SUITE 200, BELLEVUE, WA 98004
Preparer
Allen Gilbert CPA
Phone
4252506100
Supplemental Narrative

Additional Explanations

Form 990, Part III

“Read centers & programs - in 2020, read supported 3 independent local organizations (read nepal, read india, read bhutan) and their network of 112 read centers - 9 in bhutan, 67 in nepal, and 36 in india. With read global support, these 3 independent organizations were also able to offer programs on women's empowerment, literacy, economic empowerment and other lifechanging programs, as well as coordinate local responses to the covid crisis. This included distributing food rations to more than 11,000 people, providing routine vaccinations and pre-natal checks to 709 women and children while hospitals were overwhelmed with covid patients, reaching 38,700 people with information on how they could keep their family safe or get treatment if ill, and provided access to remote and in-person learning to more than 10,500 students.”

Form 990, Part IX, Line 11G

“Other services: program service expenses 110,946. Management and general expenses 57,279. Fundraising expenses 22,193. Total expenses 190,418.”

Financial Statement Notes

PART IV, LINE 2B:

“Activity for communities thrive passed through the organization.”

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IRS990/MissionDesc0READ GLOBAL IS A NON-PROFIT ORGANIZATION WORKING IN RURAL ASIA TO BUILD COMMUNITY LIBRARY AND RESOURCE CENTERS (READ CENTERS) THAT SERVE AS PLATFORMS FOR EDUCATION, COMMUNITY DEVELOPMENT, AND WOMEN'S EMPOWERMENT.
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IRS990/OfficeExpensesGrp/ProgramServicesAmt0167
IRS990/OfficeExpensesGrp/TotalAmt013238
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt010319
IRS990/OtherAssetsTotalGrp/EOYAmt00
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherEmployeeBenefitsGrp/FundraisingAmt047
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt0140
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt0749
IRS990/OtherEmployeeBenefitsGrp/TotalAmt0936
IRS990/OtherRevenueMiscGrp/BusinessCd0611710
IRS990/OtherRevenueMiscGrp/Desc0MISCELLANEOUS INCOME
IRS990/OtherRevenueMiscGrp/ExclusionAmt02224
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt02224
IRS990/OtherRevenueTotalAmt02224
IRS990/OtherSalariesAndWagesGrp/FundraisingAmt015
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt03663
IRS990/OtherSalariesAndWagesGrp/TotalAmt03678
IRS990/OwnWebsiteInd0X
IRS990/PartialLiquidationInd00
IRS990/PayrollTaxesGrp/FundraisingAmt0654
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt01962
IRS990/PayrollTaxesGrp/ProgramServicesAmt010463
IRS990/PayrollTaxesGrp/TotalAmt013079
IRS990/PledgesAndGrantsReceivableGrp/BOYAmt0263832
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt099020
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt0132451
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt0122485
IRS990/PrincipalOfficerNm0MEGAN VOLK
IRS990/ProfessionalFundraisingInd00
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt0876081
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt0748330
IRS990/PYInvestmentIncomeAmt0-1014
IRS990/PYOtherExpensesAmt0449517
IRS990/PYOtherRevenueAmt00
IRS990/PYProgramServiceRevenueAmt00
IRS990/PYRevenuesLessExpensesAmt0-634205
IRS990/PYSalariesCompEmpBnftPaidAmt0311425
IRS990/PYTotalExpensesAmt01509272
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt0875067
IRS990/QuidProQuoContributionsInd00
IRS990/ReconcilationRevenueExpnssAmt016417
IRS990/RegularMonitoringEnfrcInd00
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd00
IRS990/ReportProgramRelatedInvstInd00
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0125440
IRS990ScheduleA/CommunityTrustInd0X
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt0819776
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt0876081
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt01667376
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt0861975
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt01498571
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt05723779
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt020
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt0295
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt0219
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt024
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt039
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt0597
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearAmt02222
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus4YearsAmt0780
IRS990ScheduleA/OtherIncome170Grp/TotalAmt03002
IRS990ScheduleA/PublicSupportCY170Pct00.54680
IRS990ScheduleA/PublicSupportPY170Pct00.61910
IRS990ScheduleA/PublicSupportTotal170Amt03131935
IRS990ScheduleA/SubstantialContributorsTotAmt02591844
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt0819776
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt0876081
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt01667376
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt0861975
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt01498571
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt05723779
IRS990ScheduleA/TotalSupportAmt05727378
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd01
IRS990ScheduleD/EquipmentGrp/BookValueAmt01706
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0189
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt01895
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt0805574
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt0821991
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0ACTIVITY FOR COMMUNITIES THRIVE PASSED THROUGH THE ORGANIZATION.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART IV, LINE 2B:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt01706
IRS990ScheduleD/TotalExpensesPerForm990Amt0805574
IRS990ScheduleD/TotalRevenuePerForm990Amt0821991
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0821991
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0805574
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/EmployeeCnt03
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/EmployeeCnt10
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/OfficesCnt00
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/OfficesCnt10
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/RegionTotalExpendituresAmt0128300
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/RegionTotalExpendituresAmt1344149
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/RegionTxt0SOUTH ASIA
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/RegionTxt1SOUTH ASIA
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/SpecificServicesProvidedTxt0INDEPENDENT CONSULTANT PROVIDING PROGRAMMATIC SUPPORT TO THE REGION - MEGAN, SANJANA AND IRMA
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/SpecificServicesProvidedTxt1PARTNER WITH RURAL COMMUNITIES TO ESTABLISH READ CENTERS & PROGRAMS
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/TypeOfActivitiesConductedTxt0PROGRAM SERVICES
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/TypeOfActivitiesConductedTxt1GRANTS TO RECIPIENTS
IRS990ScheduleF/BoycottCountriesInd00
IRS990ScheduleF/ContinuationSpentAmt00
IRS990ScheduleF/ContinuationTotalEmployeeCnt00
IRS990ScheduleF/ContinuationTotalOfficeCnt00
IRS990ScheduleF/ForeignCorpOwnershipInd00
IRS990ScheduleF/ForeignPartnershipInd00
IRS990ScheduleF/GrantRecordsMaintainedInd01
IRS990ScheduleF/GrantsToOrgOutsideUSGrp/CashGrantAmt0344149
IRS990ScheduleF/GrantsToOrgOutsideUSGrp/DescriptionOfNonCashAsstTxt0N/A
IRS990ScheduleF/GrantsToOrgOutsideUSGrp/MannerOfCashDisbursementTxt0WIRES
IRS990ScheduleF/GrantsToOrgOutsideUSGrp/PurposeOfGrantTxt0GRANTS TO SUPPORT PROGRAM AND OPERATIONAL COSTS IN FUTHERING READ GLOBAL'S MISSION.
IRS990ScheduleF/GrantsToOrgOutsideUSGrp/RegionTxt0SOUTH ASIA
IRS990ScheduleF/GrantsToOrgOutsideUSGrp/ValuationMethodUsedDesc0N/A
IRS990ScheduleF/InterestInForeignTrustInd00
IRS990ScheduleF/PassiveForeignInvestmestCoInd00
IRS990ScheduleF/SubtotalEmployeesCnt03
IRS990ScheduleF/SubtotalOfficesCnt00
IRS990ScheduleF/SubtotalSpentAmt0472449
IRS990ScheduleF/SupplementalInformationDetail/ExplanationTxt0EACH OF THE 3 LOCAL ORGANIZATIONS THAT RECEIVES GRANTS FROM READ THROUGH AN AGREEMENT THAT OUTLINES OUR INTENTIONS FOR USE OF FUNDS AS SPECIFIED BY THE DONOR. AFTER THE END OF THE FISCAL YEAR, WE REQUEST A REPORT THAT RECAPS HOW FUNDS WERE USED. IF FUNDS WERE NOT USED PROPERLY, OR DOCUMENTATION NOT PROVIDED, FUTURE FUNDS CAN BE WITHHELD. WHEN POSSIBLE, SITE VISITS ARE CONDUCTED TO SEE ACTUAL EVIDENCE OF USE OF FUNDS.
IRS990ScheduleF/SupplementalInformationDetail/ExplanationTxt1ACCRUAL BASIS EXPENDITURES
IRS990ScheduleF/SupplementalInformationDetail/FormAndLineReferenceDesc0PART I, LINE 2:
IRS990ScheduleF/SupplementalInformationDetail/FormAndLineReferenceDesc1PART I, LINE 3:
IRS990ScheduleF/SupplementalInformationDetail/FormAndLineReferenceDesc2PART III ACCOUNTING METHOD:
IRS990ScheduleF/Total501c3OrgCnt00
IRS990ScheduleF/TotalEmployeeCnt03
IRS990ScheduleF/TotalOfficeCnt00
IRS990ScheduleF/TotalOtherOrgCnt03
IRS990ScheduleF/TotalSpentAmt0472449
IRS990ScheduleF/TransferToForeignCorpInd00
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0READ CENTERS & PROGRAMS - IN 2020, READ SUPPORTED 3 INDEPENDENT LOCAL ORGANIZATIONS (READ NEPAL, READ INDIA, READ BHUTAN) AND THEIR NETWORK OF 112 READ CENTERS - 9 IN BHUTAN, 67 IN NEPAL, AND 36 IN INDIA. WITH READ GLOBAL SUPPORT, THESE 3 INDEPENDENT ORGANIZATIONS WERE ALSO ABLE TO OFFER PROGRAMS ON WOMEN'S EMPOWERMENT, LITERACY, ECONOMIC EMPOWERMENT AND OTHER LIFECHANGING PROGRAMS, AS WELL AS COORDINATE LOCAL RESPONSES TO THE COVID CRISIS. THIS INCLUDED DISTRIBUTING FOOD RATIONS TO MORE THAN 11,000 PEOPLE, PROVIDING ROUTINE VACCINATIONS AND PRE-NATAL CHECKS TO 709 WOMEN AND CHILDREN WHILE HOSPITALS WERE OVERWHELMED WITH COVID PATIENTS, REACHING 38,700 PEOPLE WITH INFORMATION ON HOW THEY COULD KEEP THEIR FAMILY SAFE OR GET TREATMENT IF ILL, AND PROVIDED ACCESS TO REMOTE AND IN-PERSON LEARNING TO MORE THAN 10,500 STUDENTS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE BOARD MAY, BY RESOLUTION, DESIGNATE AND APPOINT BOARD COMMITTEES AS IT CONSIDERS NECESSARY FOR THE OPERATION OR ADMINISTRATION OF THE CORPORATION. THESE COMMITTEES, TO THE EXTENT PROVIDED IN SAID RESOLUTION SHALL HAVE AND EXERCISE THE AUTHORITY OF THE BOARD IN THE MANAGEMENT OF THE CORPORATION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2DR. ANTONIA NEUBAUER AND MELISSA ANDERSON - FAMILY RELATIONSHIP
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3MEGAN VOLK MANAGED ASIA BASED PROGRAMS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE FORM 990 IS PREPARED AND REVIEWED BY THE EXECUTIVE DIRECTOR, DEPUTY DIRECTOR AND EXTERNAL CPA FIRST. THEN, ONCE A DRAFT IS READY, READ GLOBAL MANAGEMENT SHARES A COPY OF THE DRAFT WITH THE BOARD CHAIR AND THE TREASURER FOR DRAFT APPROVAL. ONCE THE DRAFT IS APPROVED, AND A FINAL DRAFT IS PREPARED BY THE TAX FIRM, READ GLOBAL MANAGEMENT WILL SHARE THE FINAL DRAFT COPY WITH THE ENTIRE BOARD BEFORE IT IS SUBMITTED TO THE IRS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5COMPENSATION FOR THE TOP MANAGEMENT OFFICIAL WAS REVIEWED BY THE CHAIRMAN OF THE BOARD. COMPARABLE DATA WAS USED IN THE COMPENSATION PROCESS AND THE PROCESS WAS DOCUMENTED. THE LAST COMPENSATION REVIEW TOOK PLACE IN FEBRUARY 2019. THE EXECUTIVE DIRECTOR REVIEWS AND DETERMINES COMPENSATION FOR EMPLOYEES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6GOVERNING DOCUMENTS AND CONFLICT OF INTEREST POLICY ARE NOT AVAILABLE FOR THE GENERAL PUBLIC. FINANCIAL STATEMENTS ARE AVAILABLE FOR REVIEW ON THE ORGANIZATION WEBSITE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7OTHER SERVICES: PROGRAM SERVICE EXPENSES 110,946. MANAGEMENT AND GENERAL EXPENSES 57,279. FUNDRAISING EXPENSES 22,193. TOTAL EXPENSES 190,418.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART III
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION A, LINE 1
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION A, LINE 2
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION A, LINE 3
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PART VI, SECTION B, LINE 15A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc7FORM 990, PART IX, LINE 11G
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/StatesWhereCopyOfReturnIsFldCd0CA

Document Assets

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Filings

Displayed year

2020 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$1,013,505
Liabilities
$25,775
Net assets
$987,730
Revenue
$821,991
Expenses
$805,574
Net income
$16,417
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.89$0.01$0.87$0.34$0.47$0.13
2023Summary only. Only limited summary data is available for this year.$1.05$0.05$1.00$0.76$0.52$0.24
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.96$0.20$0.76$0.67$0.63$0.04
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.74$0.02$0.72$0.46$0.73$0.27
2020Detailed filing. Detailed filing data is available for this year.$1.01$0.03$0.99$0.82$0.81$0.02
2020Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.01$0.03$0.99$0.82$0.81$0.02
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.01$0.04$0.97$0.88$1.51$0.63
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.66$0.05$1.61$1.67$1.19$0.47
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.20$0.06$1.13$0.86$1.50$0.64
2016Summary only. Only limited summary data is available for this year.$1.77$0.03$1.75$1.47$1.88$0.41
2015Detailed filing. Detailed filing data is available for this year.$1.18$0.05$1.13$0.57$2.57$2.00
2014Detailed filing. Detailed filing data is available for this year.$3.74$0.10$3.64$2.47$2.35$0.12
2013Detailed filing. Detailed filing data is available for this year.$3.65$0.13$3.52$1.07$2.02$0.95
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$4.94$0.21$4.74$1.94
2011Summary only. Only limited summary data is available for this year.$5.95$0.17$5.78$6.31$1.29$5.02