2024-07-12T12:09:32-05:00 2023-08-31 812950760 SAX LLP 1040 AVENUE OF THE AMERICAS 16TH FLOOR NEW YORK NY 10018 990 2022-09-01 133593812 READWORKSINC READ 7185964292 68 JAY STREET 426 BROOKLYN NY 11201 TERRY BOWMAN EXECUTIVE DIRECTOR 7185964292 2024-07-12 1 TERRY BOWMAN 999009999 0 MIKE SCHALL P02024184 2122682804 2024-07-09 3 AAL1 IAL1 2022 2023-04-26 12:10:37Z TERRY BOWMAN 68 JAY STREET 426 BROOKLYN NY 11201 4626139 0 X WWW.READWORKS.ORG X 1990 NY READWORKS IS AN EDUCATION-TECHNOLOGY NON-PROFIT FOCUSED ON IMPROVING READING COMPREHENSION THAT, THROUGH ITS DIGITAL PLATFORM, PROVIDES RESEARCH-BASED CONTENT, CURRICULAR SUPPORTS, AND OTHER FEATURES THAT INTEGRATE WITH CORE ENGLISH LANGUAGE ARTS (ELA) CURRICULA. 9 9 18 9 0 0 1731169 4371764 148012 221365 5154 10632 6814 0 1891149 4603761 0 0 0 0 1680353 1943757 0 0 232322 937781 1063418 2618134 3007175 -726985 1596586 1139705 2685467 126064 82239 1013641 2603228 X READWORKS IS AN EDUCATION-TECHNOLOGY NON-PROFIT FOCUSED ON IMPROVING READING COMPREHENSION THAT, THROUGH ITS DIGITAL PLATFORM, PROVIDES RESEARCH-BASED CONTENT, CURRICULAR SUPPORTS, AND OTHER FEATURES THAT INTEGRATE WITH CORE ENGLISH LANGUAGE ARTS (ELA) CURRICULA. IN THE 2020-2021 SCHOOL YEAR ALONE, READWORKS WAS USED BY MORE THAN 1 MILLION EDUCATORS AND THEIR MILLIONS OF STUDENTS, INCLUDING THOSE IN 93% OF THE HIGHEST-POVERTY K-8 SCHOOLS-THE POPULATION WE ARE MOST FOCUSED ON BASED ON OUR MISSION. 0 0 2549510 221365 READWORKSCONTINUES TO FOCUS ON GROWING AND IMPROVING OUR PRODUCT TO IMPACT THE MILLIONS OF USERS WE SERVE, BASED ON DATA, LEARNING SCIENCE, AND A DEEP UNDERSTANDING AND EMPATHY FOR THE PRACTICAL REALITIES FACED BY TEACHERS AND STUDENTS IN CLASSROOMS TODAY. WE HAVEEXPANDED OUR CONTENT AND CURRICULUM OFFERING SIGNIFICANTLY, ADDING NEW ARTICLES TO OUR LIBRARY, SPANNING DIVERSE TOPICS AND INTERESTS. THESE TEXTS INCLUDE NEW CONTENT FROM OUR NEW AND EXISTING PARTNERS AND ARE ALIGNED WITH OUR DIVERSITY, EQUITY, AND INCLUSION GOALS.IN 2022, WE RELEASED ONE OF OUR MOST REQUESTED FEATURES FROM EDUCATORS--A NEW SINGLE SIGN-ON INTEGRATION WITH CLEVER, ONE OF THE MOST WIDELY USED SINGLE SIGN-ON PORTALS IN K-12 EDUCATION THAT STREAMLINES IMPLEMENTATION WITH SECURE ACCOUNTS, DATA MANAGEMENT, AND EASY CLASSROOM ACCESS. LIKE OUR GOOGLE CLASSROOM INTEGRATION, OUR INTEGRATION WITH CLEVER IS ANOTHER WAY TO MAKE USING READWORKS IN THE CLASSROOM EASIER FOR TEACHERS. IN OUR 2021 NATIONAL SURVEY, 46%OF RESPONDENTS REPORTED USING CLEVERIN THEIR CLASSROOMS. READWORKS IS ALSO NOW FEATURED INTHE CLEVER LIBRARY.IN SPRING 2022, READWORKS LAUNCHED BOOK STUDIES TO DELIVER CURATED CONTENT THAT DIRECTLY INTEGRATES WITH THE MOST WIDELY-TAUGHT ELA BOOKS NATIONWIDE, SIMPLIFYING THE PLANNING PROCESS FOR EDUCATORS AND GIVING THEM BACK THE CRITICAL TIME NEEDED TO FURTHER SUPPORT THEIR STUDENTS.EACH BOOK STUDY TEXT SET IS BASED ON THE RESEARCH-SUPPORTED ARTICLE-A-DAY ROUTINE AND INCLUDES SEVEN+ PASSAGES WITH QUESTION SETS TO SEAMLESSLY BUILD BACKGROUND KNOWLEDGE, GROW VOCABULARIES, AND STRENGTHEN STRATEGIC READING FOR STUDENTS.IN THE 2021-2022 SCHOOL YEAR, READWORKS WELCOMED TWO NEW BOARD MEMBERS, GINA CERVETTI AND KARIM (KAM) MOOLANI. CERVETTI WORKED AS AN ASSISTANT PROFESSOR AT THE UNIVERSITY OF COLORADO, BOULDER FOR THREE YEARS. SHE IS NOW AN ASSOCIATE PROFESSOR OF LITERACY, LANGUAGE, AND CULTURE AT THE UNIVERSITY OF MICHIGAN SCHOOL OF EDUCATION, WHERE HER RESEARCH FOCUSES ON THE INTERFACE OF LITERACY AND CONTENT-AREA LEARNING. MOOLANI IS CURRENTLY A MANAGING DIRECTOR AT SILVER POINT CAPITAL IN CONNECTICUT. HE HAS SERVED ON THE NEW YORK METRO ADVISORY BOARD AT THE NETWORK FOR TEACHING ENTREPRENEURSHIP (NFTE)--A NONPROFIT PROVIDING EDUCATIONAL PROGRAMS FOR MIDDLE SCHOOL, HIGH SCHOOL, COLLEGE STUDENTS, AND ADULTS--SINCE 2014.READWORKS IS PROUD TO HAVE PARTNERED WITH CULTURAL INSTITUTIONS LIKE THE INTERNATIONAL QUILT MUSEUM, THE GILDER LEHRMAN INSTITUTE OF AMERICAN HISTORY, THE NATIONAL FISH AND WILDLIFE FOUNDATION, THE PHILADELPHIA MUSEUM OF ART, THE NEW-YORK HISTORICAL SOCIETY, THE AMERICAN MUSEUM OF NATURAL HISTORY, AND MORE. AS WE CONTINUE SERVING STUDENTS AND EDUCATORS, WE LOOK FORWARD TO PARTNERING WITH MORE PRESTIGIOUS INSTITUTIONS AND GROWING OUR PORTFOLIO OF PARTNERS TO PROVIDE EVEN MORE OFTHE HIGH-QUALITY, NONFICTION TEXTS FOR WHICH WE ARE KNOWN.OUR 2022 ANNUAL REPORT CAN BE FOUND HERE:HTTPS://ABOUT.READWORKS.ORG/UPLOADS/7/9/6/7/79679564/READWORKS_ANNUAL_REPORT_2022.PDF 2549510 1 1 0 0 0 0 0 0 0 1 1 0 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 1 16 0 1 18 1 0 0 0 0 0 0 0 0 0 0 0 0 X 9 9 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 CA NY X X MAHA KEMAL 7185964292 68 JAY STREET BROOKLYN NY 11201 DARIA L WALLACH CHAIR 1.00 X X 0 0 0 WILSON NEELY TREASURER 1.00 X X 0 0 0 JAMIE BEARD DIRECTOR 1.00 X 0 0 0 GINA N CERVETTI DIRECTOR 1.00 X 0 0 0 CATHY JAMES PAGLIA DIRECTOR 1.00 X 0 0 0 MANDY CASAMASSIMA DIRECTOR 1.00 X 0 0 0 KARIM KAM MOOLANI DIRECTOR 1.00 X 0 0 0 WILLARD OVERLOCK JR DIRECTOR 1.00 X 0 0 0 HOWARD SCHILLER DIRECTOR 1.00 X 0 0 0 TERRY BOWMAN EXECUTIVE DIRECTOR 40.00 X 279043 0 13355 JEFFREY DAVID FLEISHHACKER SENIOR DIRECTOR OF PRODUCT DEVELOPMENT 40.00 X 124140 0 476 SUSANNE NOBLES CHIEF ACADEMIC OFFICER 40.00 X 181439 0 10856 CAMERON SWAIM CHIEF TECHNOLOGY OFFICER 40.00 X 174120 0 13253 758742 0 37940 4 0 1 0 MARGO DOOLITTLE 50 WILDWOOD LANE WESTON CT 06883 DEVELOPMENT SUPPORT 142100 CHRISTINA OLIVER 140 ROHAND ROAD BROOKLYN NY 11225 132020 2 5000 4366764 451251 4371764 CONTRACT SERVICES 900099 124646 124646 LICENSING INCOME 541610 96719 96719 221365 6389 6389 26621 22378 4243 4243 4243 4603761 221365 0 10632 X 261165 203708 18282 39175 1432023 1299416 73607 59000 133554 119908 7052 6594 117015 103966 6338 6711 38950 38950 769233 682474 6417 80342 8642 8199 148 295 2940 2763 59 118 33544 124 33353 67 96786 68217 729 27840 4417 4417 13934 13098 279 557 OFFICE SUPPLIES AND EQU 24270 13880 10390 MISCELLANEOUS 21778 204 21037 537 CURRICULUM MATERIALS 17457 17457 MEMBERSHIP FEES 16975 16096 879 14492 13796 696 3007175 2549510 225343 232322 117331 152340 543081 1282590 201349 1015457 15283 688512 679455 13473 9057 249188 226023 1139705 2685467 126064 82239 126064 82239 X 781641 1530268 232000 1072960 1013641 2603228 1139705 2685467 1596586 -6999 0 X 0 1 X 1 0 X 1951302 2537597 2691225 1731169 4371764 13283057 1951302 2537597 2691225 1731169 4371764 13283057 4800948 8482109 6114 6269 5152 5154 6389 29078 1846 1000 306 6814 9966 13322101 786993 0.63670 0.65030 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 249188 -23165 226023 235773 13415 249188 232158 3615 235773 221424 10734 232158 209151 12273 221424 1.00000 0 0 688512 679455 9057 9057 X 4596762 -6999 -6999 4603761 0 4603761 3007175 0 3007175 0 3007175 PART V, LINE 4: THE ORGANIZATION MAINTAINS A BOARD DESIGNATED ENDOWMENT WHICH CAN BE USED FOR GENERAL OPERATING PURPOSES UPON APPROVAL BY THE BOARD OF DIRECTORS. ANY EXPENDITURES MUST BE INCLUDE A FORMALLY ADOPTED PLAN TO REPLENISH THE AMOUNT IN A REALISTIC TIMEFRAME. PART X, LINE 2: THE ORGANIZATION DOES NOT BELIEVE ITS FINANCIAL STATEMENTS INCLUDE ANY MATERIAL, UNCERTAIN TAX POSITIONS. TAX FILINGS FOR PERIODS ENDING AUGUST 31, 2020 AND LATER ARE SUBJECT TO EXAMINATION BY APPLICABLE TAXING AUTHORITIES. X X X X 0 0 0 0 0 0 0 0 0 TERRY BOWMAN EXECUTIVE DIRECTOR 254043 0 25000 0 0 0 0 0 13355 0 292398 0 0 0 SUSANNE NOBLES CHIEF ACADEMIC OFFICER 171439 0 10000 0 0 0 0 0 10856 0 192295 0 0 0 CAMERON SWAIM CHIEF TECHNOLOGY OFFICER 164120 0 10000 0 0 0 0 0 13253 0 187373 0 0 0 X 451251 FMV 0 0 0 FORM 990, PART VI, SECTION B, LINE 11B THE BOARD OF DIRECTORS' FINANCE COMMITTEE REVIEWS THE 990 ALONG WITH ALL AUDIT DOCUMENT FOR THE INITIAL REVIEW OF THE AUDIT AND RECOMMENDATION FOR APPROVAL BY THE ENTIRE BOARD OF DIRECTORS. EACH BOARD DIRECTOR IS PROVIDED ALL AUDIT DOCUMENTS INCLUDING THE 990 FOR THEIR REVIEW AND APPROVAL RECOMMENDATION. FORM 990, PART VI, SECTION B, LINE 12C ANNUALLY, THE BOARD MEMBERS ARE SENT THE CONFLICT OF INTEREST POLICY AND ARE ASKED TO SIGN OFF THAT THEY HAVE NO CONFLICTS OF IF THEY DO, TO DISCLOSE THEM. IF THERE ARE CONFLICTS, THEY ARE DISCUSSED WITH THE ED & BOARD CHAIR FOR RESOLUTION FORM 990, PART VI, SECTION B, LINE 15 THE ED REVIEWS THE 2 KEY OFFICERS,COO AND CAO, PERFORMANCE AND PROPOSED COMPENSSTION WITH THE BOARD CHAIR. THE FINANCE COMMITTEE MAY BE INCLUDED IN THESE CONVERSATION AS IS NECESSARY AND AT THE DISCRETION OF THE BOARD CHAIR. THE BOARD CHAIR & FINANCE COMMITTEE REVIEW THED ED PERFORMANCE BASED ON SPECIFIC ANNUAL GOALS. IF THE GOALS WERE ACHIEVE THEY DETERMINED A NEW COMPENSATION LEVEL (SALARY & BONUS) BASED ON COMPARABLES FOR THE ROLE AND THE FINANCIAL POSITION OF THE ORGANIZATION. FORM 990, PART VI, SECTION C, LINE 19 ORGANIZATIONAL DOCUMENTS ARE AVAILABLE UPON REQUEST. FORM 990, PART IX, LINE 11G CONTRACT SERVICES - WEB: PROGRAM SERVICE EXPENSES 348,205. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 38. TOTAL EXPENSES 348,243. TRAINING & PROFESSIONAL DEVELOPMENT: PROGRAM SERVICE EXPENSES 3,695. MANAGEMENT AND GENERAL EXPENSES 5,070. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 8,765. PAYROLL FEES: PROGRAM SERVICE EXPENSES 17,726. MANAGEMENT AND GENERAL EXPENSES 377. FUNDRAISING EXPENSES 754. TOTAL EXPENSES 18,857. OTHER PROFESSIONAL FEES: PROGRAM SERVICE EXPENSES 312,848. MANAGEMENT AND GENERAL EXPENSES 970. FUNDRAISING EXPENSES 79,550. TOTAL EXPENSES 393,368.