Room to Read

“Form 990, Part III, Line 4d: Accelerator - In 2016 the organization provided technical assistance ("Accelerator Program") to third party organizations in six countries (Indonesia, Grenada, Rwanda, Nepal, India and Tanzania) using the Room to Read model. Book Publishing the organization sources new content from local writers and illustrators and publishes high quality local language childrens books for distribution throughout its network of schools and libraries. 92 local language titles were published during 2016. To date, we have distributed a cumulative total of 20,822,287 local and English books.”

“Form 990, Part V, Line 4b: In addition to the foreign countries listed in Attachment 2, Room to Read also had foreign bank accounts requiring a Form TD F 90-22.1 filing in the following countries: Singapore, South Africa, Sri Lanka, Switzerland, Tanzania, United Kingdom, Vietnam, and Zambia.”

“Form 990, Part VI, Section B, Line 11b: Room to Reads Form 990 undergoes a number of internal and external reviews prior to being filed with the IRS. The return is prepared by Room to Reads accounting department and is reviewed by Room to Reads public accounting firm, Grant Thornton LLP and by the CEO and CFO. Then copies of the Form 990 are provided to the audit committee and to all board members for their review and approval. Any questions the audit committee and board members have are directed to Room to Reads controller.”

“Form 990, Part VI, Section B, Line 12c: Our conflict of interest policy is included in Room to Read's employee handbook. Worldwide the employee handbook is distributed to new employees upon hire. In accordance with this policy, signed acknowledgements are maintained in individual employee files by human resources. Annually the management team and Board sign conflict of interest statements and during the year any changes in conflicts of interest are reported to the board.”

“Form 990, Part VI, Section B, Lines 15a and 15b: The Board has a human resources committee which includes at least two independent directors and the Chief Talent Officer. The organization uses an independent advisory party to benchmark all salary ranges at least every 2 years. The human resources committee reviews and approves in general the organization's salary ranges. Separately, based on these benchmarks and on individual performance reviews, the human resources committee submits recommendations for top management salaries (including the CEO and CFO) to the Board, which are reviewed by the board as part of the annual budget discussion.”

“Form 990, Part VI, Section C, Line 19: The organization makes financial documents such as the annual audit, Form 990, Form 990-T, and annual report available to the public on the Room to Read website or upon request. All other governing documents are not available to the public via the organizational website but can be issued upon request if appropriate. The conflict of interest policy is shared and updated annually with the board of directors and key employees.”