Reading Is Fundamental Inc.

“The bylaws of rif were amended in september 2014 to reflect a change relating to the length a board director may serve consecutively. Section 2.2 now indicates that "directors shall be eligible to serve for four consecutive terms of three years each. Directors who were appointed prior to the establishment of the foregoing limitation on number of terms served and who have served for twelve or more years shall continue to serve until the conclusion of their current term."”

“Rif's finance/audit committee of the board of directors reviews the federal form 990. It is then distributed to the entire board of directors before it is filed with the internal revenue service (irs).”

“Rif's conflict of interest policy ("policy") applies to board members, officers and rif senior managers (collectively "rif insiders"). The policy requires that a rif insider disclose any potential conflict to the board of directors or a designated committee of the board. Violations of the policy will result in appropriate disciplinary and corrective action, up to and including dismissal. Rif insiders are required on an annual basis to sign a statement affirming that he or she: - has received a copy of the policy, - has read and understands the policy, - has agreed to comply with, and has complied with the policy, - understands that rif is a charitable and educational organization and that, in order to maintain its federal tax exemption and preserve rif's valuable reputation, rif must engage primarily in activities that accomplish its tax exempt purpose.”

“To begin the annual evaluation of the president and ceo, the chair of the board first solicits input from all board members concerning the president's performance. The executive committee then considers the input of the responding board members in its review of the president and ceo, and reports back to the board of directors its evaluation. The executive committee then shares its evaluation with the president and ceo. The executive committee then consults comparability surveys to determine the president and ceo's compensation for the next year.”

“Rif submits its audited financial statements, federal form 990 and irs letter of determination (of rif's tax exempt status) to guidestar for publication on that service. Rif also publishes its federal form 990 on its own website. To date, rif has not published its conflict of interest policy for access by the general public. All documents are also available upon request.”