Reading Is Fundamental Inc.

“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 chair of rif's finance, audit & investment committee. Violations of the policy will result in appropriate disciplinary and corrective action, up to and including dismissal. Rif insiders are required to annually 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 chair of the board then reviews the input with the executive committee. The executive committee considers the input of the responding board members in its review of the president and ceo. The chair of the board reports to the board of directors the executive committee's evaluation. The chair of the board then shares the 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 audited financial statements and 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, including its governing documents and the federal form 1023 are also available upon request.”

“Other professional fees: program service expenses 664,286. Management and general expenses 74,290. Fundraising expenses 40,541. Total expenses 779,117. Contract and consulting: program service expenses 1,442,712. Management and general expenses 143,796. Fundraising expenses 15,684. Total expenses 1,602,192.”