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 reviewed 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. If a situation of conflict arise on any matter, the interested member/s abstain from voting on that matter.”

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

“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 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 united arab emirates , 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.”

“Founded in 2000 on the belief that world change starts with educated children, room to read is creating a world free from illiteracy and gender inequality through education. We are achieving this goal by providing support during two of the most critical time periods in a child's education: primary school for literacy acquisition and secondary school for life skills acquisition, particularly for girls. Our literacy program trains and coaches teachers, creates quality books and curricular materials and establishes libraries filled with diverse children's books in local languages that can be enjoyed at school or home. Our girls' education program helps girls succeed in secondary school and negotiate key life decisions by supporting them as they increase their resilience, leadership, collaboration, critical thinking and decision-making skills. We do so by providing girls with positive role models, life skills classes, opportunities for mentorship and peer support, and family, school and community engagement. We also deliver remote solutions that leverage local broadcast media networks and internet-based technologies to facilitate learning beyond the classroom. Room to read collaborates with local communities, partner organizations and governments to test and implement innovative models that can be integrated into the education system to deliver positive outcomes for children at scale. To date, room to read has benefited more than 45 million children and has worked in more than 192,000 communities and 24 countries, including bangladesh, cambodia, china, grenada, honduras, india, indonesia, italy, jordan, laos, lebanon, maldives, myanmar, nepal, pakistan, philippines, rwanda, south africa, sri lanka, tanzania, uganda, united states, vietnam and zambia. Learn more at www.roomtoread.org. Form 990, part v, line 2a there were 97 employees in 2023. Number of total worldwide employees in 2023 was 1,348.”

“Professional fees: program service expenses 2,418,131. Management and general expenses 105,388. Fundraising expenses 278,104. Total expenses 2,801,623.”

“Currency translation adjustment 324,661.”