2024-11-14T17:14:26-06:00 2023-12-31 410746749 CLIFTONLARSONALLEN LLP 10700 NORTHUP WAY SUITE 200 BELLEVUE WA 98004 990 2023-01-01 232656376 RURAL EDUCATION & DEVELOPMENT INC DBA READ GLOBAL RURA 4152899949 2261 MARKET STREET 32 SAN FRANCISCO CA 94114 MEGAN VOLK DEPUTY DIRECTOR 4152899949 2024-11-14 1 1 ALLEN GILBERT CPA P01380103 4252506100 2024-11-07 2023 2024-10-15 13:58:12Z MEGAN VOLK 2261 MARKET STREET 32 SAN FRANCISCO CA 94114 760941 0 X WWW.READGLOBAL.ORG X 1992 CA RURAL EDUCATION AND DEVELOPMENT INC (READ GLOBAL) PARNTERS WITH THREE LOCAL COUNTRY ORGANIZATIONS TO FACILITATE THE CREATION OF SELF-SUSTAINING AND COMMUNITY-LED LIBRARY AND RESOURCE CENTERS THAT SERVE AS A FOUNDATIONAL PLATFORM FOR UNLOCKING A COMMUNITY'S SOCIAL AND ECONOMIC POTENTIAL. 9 9 1 9 0 0 669009 734577 0 13500 0 16939 0 -4075 669009 760941 273773 185686 0 0 210430 213527 26800 1279 9589 118312 122319 629315 522811 39694 238130 962389 1054772 201500 51203 760889 1003569 X READ FACILITATES THE CREATION OF SELF-SUSTAINING AND COMMUNITY-LED LIBRARY AND RESOURCE CENTERS THAT SERVE AS A FOUNDATIONAL PLATFORM FOR UNLOCKING A COMMUNITY'S SOCIAL AND ECONOMIC POTENTIAL. 0 0 436496 185686 13500 SEE SCHEDULE O. 436496 1 1 0 0 0 0 0 0 0 0 1 0 0 0 0 0 1 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 X 9 9 1 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 CA X X SMARTER GOOD 5104808288 261 CORBETT AVENUE SAN FRANCISCO CA 94114 X MEGAN VOLK DEPUTY DIRECTOR 40.00 X 101640 0 0 SANJANA SHRESTHA EXECUTIVE DIRECTOR 40.00 X 96639 0 0 ANTONIA NEUBAUER BOARD CHAIR 2.00 X X 0 0 0 MELISSA ANDERSON DIRECTOR 2.00 X 0 0 0 KRISTY BALSANEK GOVERNANCE COMMITTEE CHAIR 2.00 X 0 0 0 APRIL BURKS DIRECTOR 1.00 X 0 0 0 VASANTHI CHANDRA DIRECTOR 1.00 X 0 0 0 ANOUK HUNGATE DIRECTOR 3.00 X 0 0 0 SWATHI MASSAR DIRECTOR 3.00 X 0 0 0 SHIVRAJ RAJ MUNDY DIRECTOR 1.00 X 0 0 0 KEITH KEHRER DIRECTOR 2.00 X 0 0 0 198279 0 0 1 0 0 0 0 734577 24265 734577 CONSULTING INCOME 900099 13500 13500 13500 8047 8047 8892 0 8892 8892 8892 MISCELLANEOUS INCOME 611710 1883 1883 EXCHANGE RATE LOSS 611710 -5958 -5958 -4075 760941 13500 0 12864 185686 185686 198280 185577 9527 3176 15247 13092 1616 539 25 25 40172 40172 1279 1279 29942 17435 12134 373 5927 1486 3519 922 9191 5891 3300 34799 33220 1579 579 579 1684 1684 522811 436496 76726 9589 904496 89986 372041 30400 3375 26545 67365 2986 1526 948 1460 496280 0 24265 962389 1054772 1500 1772 200000 49431 201500 51203 X 677879 667106 83010 336463 760889 1003569 962389 1054772 238130 4550 0 X X 0 1 X 1 0 X 876081 819776 459915 669009 734577 3559358 876081 819776 459915 669009 734577 3559358 1685771 1873587 295 20 1 0 8047 8363 2222 42 -4075 -1811 3565910 13500 0.52540 0.65450 X SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: OTHER INCOME - 2019 AMOUNT: $ 0. 2020 AMOUNT: $ 2,222. 2021 AMOUNT: $ 42. 2022 AMOUNT: $ 0. 2023 AMOUNT: $ -4,075. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 500000 20280 24000 496280 1.00000 0.00000 0.00000 0 0 2986 1526 1460 1460 765491 4550 4550 760941 0 760941 522811 0 522811 0 522811 PART V, LINE 4: THE NAME OF THE ENDOWMENT FUND IS THE READ GLOBAL SUSTAINABILITY FUND. THE PURPOSE OF THE FUND IS TO PROVIDE ANNUAL SOURCE OF INCOME FOR READ GLOBAL SO THAT IT CAN CONTINUE ITS WORK OF PROVIDING OVERALL STRUCTURE TO THE READ ORGANIZATION, DESIGNING AND IMPLEMENTING PROGRAMS TO BUILD THE CAPACITY OF COMMUNITIES TO SOLVE THEIR OWN PROBLEMS, OPENING MORE CENTERS, AND REACHING MORE PEOPLE. 1 SOUTH ASIA 0 2 GRANTS TO RECIPIENTS PARTNER WITH RURAL COMMUNITIES TO ESTABLISH READ CENTER & PROGRAMS. 185686 SOUTH ASIA 0 3 PROGRAM SERVICES PROVIDING PROGRAMMATIC SUPPORT TO THE REGION SANJANA, SUSHMITA AND PRERANA 113370 EUROPE (INCLUDING ICELAND & GREENLAND) 0 0 CONTRIBUTION FROM COMPANY IN FRANCE RECEIVED CONTRIBUTION FROM A COMPANY IN FRANCE 0 5 0 0 0 5 299056 0 299056 SOUTH ASIA GRANTS TO PARTNER WITH RURAL COMMUNITIES TO ESTABLISH READ CENTERS AND PROGRAMS. 185686 WIRE TRANSFERS 0 N/A N/A 0 3 0 0 0 0 0 0 PART I, LINE 2: EACH OF THE 3 LOCAL READ ORGANIZATIONS THAT RECEIVES GRANTS FROM READ GLOBAL THROUGH AN AGREEMENT THAT OUTLINES OUR INTENTIONS FOR USE OF FUNDS AS SPECIFIED BY THE DONOR. AFTER THE END OF THE FISCAL YEAR, WE REQUEST A REPORT THAT RECAPS HOW FUNDS WERE USED. IF FUNDS WERE NOT USED PROPERLY, OR DOCUMENTATION NOT PROVIDED, FUTURE FUNDS CAN BE WITHHELD. WHEN POSSIBLE, SITE VISITS ARE CONDUCTED TO SEE ACTUAL EVIDENCE OF USE OF FUNDS. PART I, LINE 3: ACCRUAL BASIS EXPENDITURES FORM 990, PART III, LINE 4A: READ CENTERS & PROGRAMS - READ BUILDS COHESIVE, INCLUSIVE, AND RESILIENT COMMUNITIES WHERE EVERYONE ESPECIALLY THE MOST MARGINALIZED, ACCESS AND BENEFIT FROM KNOWLEDGE, RESOURCES, AND OPPORTUNITIES NECESSARY TO SHAPE THEIR OWN DIGNIFIED AND FULFILLING FUTURES. READ'S METHOD OF FACILITATION EMPOWERS COMMUNITIES TO RECOGNIZE AND BELIEVE IN THEIR OWN INHERENT POTENTIAL TO SOLVE LOCAL PROBLEMS AND FOSTER GREATER PROSPERITY. BY FORTIFYING THE COMMUNITY LIBRARY AND RESOURCE CENTER (READ CENTER) AS A FOUNDATIONAL PLATFORM FOR UNLOCKING A COMMUNITY'S SOCIAL AND ECONOMIC POTENTIAL, READ INITIATES ENDURING COMMUNITY-LEVEL TRANSFORMATION. IN 2023, READ CENTERS PROVIDED SERVICES TO MORE THAN 347,000 PEOPLE ACROSS SOUTH ASIA. THIS INCLUDED TRAINING MORE THAN 3,000 YOUTH ON TECHNOLOGY AND LIFE SKILLS. FORM 990, PART VI, SECTION A, LINE 1A THE BOARD MAY, BY RESOLUTION, DESIGNATE AND APPOINT BOARD COMMITTEES AS IT CONSIDERS NECESSARY FOR THE OPERATION OR ADMINISTRATION OF THE CORPORATION. THESE COMMITTEES, TO THE EXTENT PROVIDED IN SAID RESOLUTION SHALL HAVE AND EXERCISE THE AUTHORITY OF THE BOARD IN THE MANAGEMENT OF THE CORPORATION. FORM 990, PART VI, SECTION A, LINE 2 ANTONIA NEUBAUER AND MELISSA ANDERSON HAVE A FAMILY RELATIONSHIP FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 IS PREPARED AND REVIEWED BY THE EXECUTIVE DIRECTOR, DEPUTY DIRECTOR AND EXTERNAL CPA FIRST. THEN, ONCE A DRAFT IS READY, READ GLOBAL MANAGEMENT SHARES A COPY OF THE DRAFT WITH THE BOARD CHAIR AND THE TREASURER FOR DRAFT APPROVAL. ONCE THE DRAFT IS APPROVED, AND A FINAL DRAFT IS PREPARED BY THE ACCOUNTING FIRM, READ GLOBAL MANAGEMENT WILL SHARE THE FINAL DRAFT COPY WITH THE ENTIRE BOARD BEFORE IT IS SUBMITTED TO THE IRS. FORM 990, PART VI, SECTION B, LINE 12C NEW BOARD MEMBERS SIGN A CONFLICT OF INTEREST POLICY WHEN JOINING THE BOARD. PERIODICALLY (TYPICALLY ANNUALLY IN THE FALL), READ SENDS DIRECTORS A LIST OF VENDORS FOR THE PAST YEAR AND REQUESTS DIRECTORS TO COMPLETE A CONFLICT OF INTEREST FORM DECLARING ALL POTENTIAL CONFLICTS. IN CONNECTION WITH ANY ACTUAL OR POSSIBLE CONFLICT OF INTEREST, AN INTERESTED PERSON MUST DISCLOSE THE EXISTENCE OF THE FINANCIAL INTEREST AND BE GIVEN THE OPPORTUNITY TO DISCLOSE ALL MATERIAL FACTS TO THE DIRECTORS AND MEMBERS OF COMMITTEES WITH GOVERNING BOARD DELEGATED POWERS CONSIDERING THE PROPOSED TRANSACTION OR ARRANGEMENT. AFTER DISCLOSURE OF THE FINANCIAL INTEREST AND ALL MATERIAL FACTS, AND AFTER ANY DISCUSSION WITH THE INTERESTED PERSON, HE/SHE SHALL LEAVE THE GOVERNING BOARD OR COMMITTEE MEETING WHILE THE DETERMINATION OF A CONFLICT OF INTEREST IS DISCUSSED AND VOTED UPON. THE REMAINING BOARD OR COMMITTEE MEMBERS SHALL DECIDE IF A CONFLICT OF INTEREST EXISTS. IF THE GOVERNING BOARD OR COMMITTEE HAS REASONABLE CAUSE TO BELIEVE A MEMBER HAS FAILED TO DISCLOSE ACTUAL OR POSSIBLE CONFLICTS OF INTEREST, IT SHALL INFORM THE MEMBER OF THE BASIS FOR SUCH BELIEF AND AFFORD THE MEMBER AN OPPORTUNITY TO EXPLAIN THE ALLEGED FAILURE TO DISCLOSE. IF, AFTER HEARING THE MEMBER'S RESPONSE AND AFTER MAKING FURTHER INVESTIGATION AS WARRANTED BY THE CIRCUMSTANCES, THE GOVERNING BOARD OR COMMITTEE DETERMINES THE MEMBER HAS FAILED TO DISCLOSE AN ACTUAL OR POSSIBLE CONFLICT OF INTEREST, IT SHALL TAKE APPROPRIATE DISCIPLINARY AND CORRECTIVE ACTION. FORM 990, PART VI, SECTION B, LINE 15 COMPENSATION FOR THE TOP MANAGEMENT OFFICIAL AND DEPUTY DIRECTOR IS REVIEWED BY THE CHAIRMAN OF THE BOARD. COMPARABLE DATA WAS USED IN THE COMPENSATION PROCESS AND THE PROCESS WAS DOCUMENTED. THE LAST COMPENSATION REVIEW TOOK PLACE IN DECEMBER 2021. FORM 990, PART VI, SECTION C, LINE 19 GOVERNING DOCUMENTS AND CONFLICT OF INTEREST POLICY ARE NOT AVAILABLE FOR THE GENERAL PUBLIC. FINANCIAL STATEMENTS ARE AVAILABLE FOR REVIEW ON THE ORGANIZATION WEBSITE. FORM 990, PART VII, SECTION A THE EXECUTIVE DIRECTOR LIVES IN AUSTRALIA AND IS PAID THROUGH AN AUSTRALIAN PAYROLL SERVICE PROVIDER. FORM 990, PART XII, LINE 2C: THE PROCESS FOR SELECTING THE AUDIT FIRM HAS NOT CHANGED FROM THE PRIOR YEAR.