Room to Read

“Form 990 review process room to read's form 990 undergoes a number of internal and external reviews prior to being filed with the irs. The return is prepared by room to read's public accounting firm, grant thornton llp, and reviewed by room to read's accounting department, 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 read's controller.”

“Process for monitoring of conflict of interest policy 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 conflict of interest are reported to the board.”

“Process for determining compensation of ceo and key employees the board has a human resources committee which includes at least two independent directors and the chief operating 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.”

“Documents available to the public the organization makes financial documents such as an 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.”

“Form 990 in order to be as transparent as possible on the operations of the organization, room to read (the organization") has elected to file form 990 on a consolidated basis to be consistent with its consolidated audited financial statements. The consolidated financial statements include accounts of the organization, one regional office and seven country offices registered under room to read, as well as accounts of room to read australia foundation, room to read australia limited, room to read canada, room to read (hong kong) limited, room to read india private company limited, room to read india trust, room to read global services private limited, room to read japan, room to read nepal, room to read netherlands, room to read (new zealand) charitable trust, room to read singapore limited, room to read south africa association, room to read-switzerland, room to read united kingdom limited, and room to read zambia limited in which the organization effectively has control and an economic interest. All intercompany accounts and transactions have been eliminated.”

“Room to read (the organization) is an international, non-governmental organization that believes that world change starts with educated children. We envision a world in which all children can pursue a quality education that enables them to reach their full potential and contribute to their community and the world. Room to read seeks to transform the lives of millions of children in low income communities by focusing on literacy and gender equality. Room to read's innovative model focuses on deep, systemic transformation within schools in low-income communities during two time periods that are most critical in a child's schooling: early primary school for literacy acquisition and secondary school for girls' education. We work in collaboration with local communities, partner organizations, and governments to develop literacy skills and a habit of reading among primary school children and ensure girls can complete secondary school with the skills necessary to negotiate key life decisions. Room to read has benefited 23.89 million children across more than 40,700 communities in 20 countries. In 2020, room to read conducted program operations through direct implementation in seven countries in asia (bangladesh, cambodia, india, laos, nepal, sri lanka and vietnam), and two countries in africa (south africa and tanzania). Room to read was incorporated in the state of washington in 1999 and moved the organization's headquarters to its current location in san francisco, california in 2002. Operations are conducted as a registered international non-governmental organization (ingo) under agreements with the local responsible governmental department(s) in certain countries and through locally incorporated affiliates in other countries. In 2020, room to read conducted fundraising and book development and distribution activities in the us and fundraising in ten countries outside of the us: namely, australia, canada, hong kong, india, japan, the netherlands, singapore, switzerland, the united kingdom, and new zealand. Operations in these countries are conducted through locally incorporated limited companies or registered charities and foreign affiliates.”

“Currency translation adjustment 315,627.”