2025-07-15T10:29:42-05:00 2024-08-31 812950760 SAX LLP 1040 AVENUE OF THE AMERICAS-16TH FL NEW YORK NY 10018 990 2023-09-01 133593812 READWORKSINC READ 7185964292 68 JAY STREET 426 BROOKLYN NY 11201 TERRY BOWMAN EXECUTIVE DIRECTOR 7185964292 2025-07-15 1 0 MIKE SCHALL P02024184 2126618640 2025-07-14 2023 2025-03-06 01:10:19Z TERRY BOWMAN 68 JAY STREET 426 BROOKLYN NY 11201 3167211 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. 10 10 19 10 0 0 4371764 2418513 221365 265611 10632 22863 0 0 4603761 2706987 0 0 0 0 1943757 2356986 0 0 285492 1063418 1292734 3007175 3649720 1596586 -942733 2685467 1775760 82239 106031 2603228 1669729 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 3079503 265611 DRIVEN BY THE SCIENTIFIC STUDY OF READING, READWORKS CREATES PROVEN, HIGH-QUALITY CONTENT, TEACHER GUIDANCE, AND INTEGRATED TOOLS THAT IMPROVE TEACHER EFFECTIVENESS AND STUDENT ACHIEVEMENT. READWORKS, A SUPPLEMENTAL RESOURCE SUPPORTING ALL READING CURRICULA, HELPS DEVELOP SUCCESSFUL, JOYFUL READING COMPREHENSION.READWORKS CONTINUES 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 TODAY. WE HAVE EXPANDED OUR RESOURCES, GUIDANCE, AND RESEARCH OFFERING SIGNIFICANTLY, INCLUDING:- EARLY LEARNING DECODABLE TEXTS: RESEARCH SHOWS EARLY READERS NEED THE OPPORTUNITY TO BUILD BACKGROUND KNOWLEDGE WHILE PRACTICING THE LETTER-SOUND CODE THAT BRINGS READING TO LIFE. READWORKS HAS RELEASED NEW, RICH DECODABLE TEXTS FOR K-2 READERS TO PRACTICE THEIR WORD RECOGNITION SKILLS WHILE BUILDING KNOWLEDGE IN A COHESIVE, STRUCTURED MANNER. IN TODAY'S MARKETPLACE, READWORKS IS THE ONLY OPTION FOR FREE, KNOWLEDGE-BUILDING, NONFICTION DECODABLES. MANY COMPETITORS ARE FOR PURCHASE ONLY, LIMITING THE ACCESSIBILITY TO TEACHERS AND FAMILIES WHO CAN AFFORD THEM. ADDRESSING THIS IMBALANCE IN ACCESS TO HIGH-QUALITY, RESEARCH-BASED SUPPLEMENTAL MATERIALS IS ONE OF READWORKS' TOP PRIORITIES AND LIES AT THE HEART OF OUR MISSION.- SPANISH-ENGLISH PAIRED TEXTS: WHEN A STUDENT HAS AN OPPORTUNITY TO READ BOTH IN THEIR NATIVE LANGUAGE AND ENGLISH, THEY TAP INTO LINGUISTIC RESOURCES THAT MAY NOT OTHERWISE BE ACCESSIBLE. IN THE SUMMER OF 2024, READWORKS RELEASED 65 NEW SPANISH-ENGLISH PAIRED TEXT SETS, IN PARTNERSHIP WITH VANDERBILT UNIVERSITY, TO SUPPORT OUR SPANISH-SPEAKING STUDENTS' ENGLISH READING COMPREHENSION. WITHIN TWO MONTHS OF LAUNCH, OUR SPANISH-ENGLISH PAIRED TEXTS WERE ASSIGNED OR PRINTED NEARLY 62,000 TIMES.- TEACHER GUIDANCE: IN THE 2023-2024 SCHOOL YEAR, 314,797 EDUCATORS INCREASED THEIR KNOWLEDGE BY ACCESSING OUR NO-COST TEACHER GUIDES, NATIONAL WEBINARS, AND PROFESSIONAL DEVELOPMENT INTENSIVES. THROUGHOUT THIS SCHOOL YEAR, 2,280 PARTICIPATED IN OUR LIVE WEBINAR SERIES, A 6% INCREASE IN THE AVERAGE NUMBER OF LIVE ATTENDEES COMPARED TO THE 2022-2023 SCHOOL YEAR. IN ADDITION TO ATTENDING LIVE, OUR WEBINARS WERE PLAYED ON DEMAND 2,995 TIMES. AFTER ATTENDING A READWORKS WEBINAR, THE NUMBER OF EDUCATORS WHO USED OUR PRODUCTS WITH RESEARCH-BASED PRACTICES GREW BY 30%.- OUR RESEARCH TEAM RELEASED NEW, PUBLICLY AVAILABLE FINDINGS TO DEMONSTRATE READWORKS' IMPACT, INCLUDING: 1) AFTER A SIX-WEEK INTERVENTION, TEACHERS REPORTED GROWTH IN THEIR INSTRUCTIONAL PRACTICES AND STUDENTS' DECODING SKILLS AND READING CONFIDENCE. 2) AFTER A NINE-WEEK INTERVENTION, STUDENTS IN THE EXPERIMENTAL GROUP IMPROVED 11% ON THE SCIENCE BACKGROUND KNOWLEDGE ASSESSMENT.IN THE 2023-2024 SCHOOL YEAR, READWORKS WELCOMED CAMERON AMSTATER TO THE BOARD OF DIRECTORS. CAMERON HAS BEEN THE CAREER DEVELOPMENT PROGRAM MANAGER FOR REEL WORKS FOR TWO YEARS, WHERE SHE OVERSEES TRAINING PROGRAMS THAT PREPARE INDIVIDUALS FROM UNDERREPRESENTED COMMUNITIES FOR CAREERS IN TV AND FILM PRODUCTION. BEFORE WORKING FOR REEL WORKS, SHE WORKED IN TV/FILM PRODUCTION FOR OVER 10 YEARS ON SHOWS LIKE BOARDWALK EMPIRE, MR. ROBOT, POSE, AND SUCCESSION. SHE WAS INTRODUCED TO READWORKS IN 2019 AND WAS THRILLED TO JOIN THE INAUGURAL YOUNG PROFESSIONAL COUNCIL. IN 2021, SHE VOLUNTEERED FOR THE READWORKS TUTORING PILOT PROGRAM AND WAS GRATEFUL FOR THE OPPORTUNITY TO GET TO KNOW BOTH HER TUTEE AND THE READWORKS PLATFORM IN THE PROCESS. SHE WAS CO-CHAIR OF THE YPC FROM 2021-2023.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. THIS YEAR, WE LAUNCHED A NEW PARTNERSHIP WITH GOOGLE EDUCATION. 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 OF THE HIGH-QUALITY, NONFICTION TEXTS FOR WHICH WE ARE KNOWN.OUR 2024 ANNUAL REPORT CAN BE FOUND HERE: HTTPS://HEYZINE.COM/FLIP-BOOK/EEAAD85E43.HTML#PAGE/1 3079503 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 27 0 1 19 1 0 0 0 0 0 0 0 0 0 0 0 0 X 10 10 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 (THROUGH 10/24) 1.00 X 0 0 0 HOWARD SCHILLER DIRECTOR 1.00 X 0 0 0 CAMERON AMSTATER DIRECTOR 1.00 X 0 0 0 TERRY BOWMAN EXECUTIVE DIRECTOR 40.00 X 235842 0 22817 CAMERON SWAIM SENIOR DIRECTOR OF ENGINEERING 40.00 X 190261 0 4739 SUSANNE NOBLES CHIEF ACADEMIC OFFICER 40.00 X 189133 0 5867 BENJAMIN NICHOLS SENIOR BACK END ENGINEER 40.00 X 129929 0 3087 JEFFREY FLEISHHACKER SENIOR DIRECTOR PRODUCT DEVELOPMENT 40.00 X 126907 0 5240 MELISSA CALDER DIRECTOR OF MARKETING & ENGAGEMENT 40.00 X 115088 0 2230 JACK WALTON SENIOR DATA ENGINEER 40.00 X 114740 0 2260 ANH HUA SENIOR DATA ENGINEER 40.00 X 110962 0 3698 1212862 0 49938 11 0 1 0 MARGO DOOLITTLE 50 WILDWOOD LANE WESTON CT 06883 DEVELOPMENT SUPPORT 168175 CHRISTINA OLIVER 140 ROHAND ROAD BROOKLYN NY 11225 STRATEGIC SUPPORT 155400 PROTEAN STUDIO LLC 512 W MLK JR BLVD 230 AUSTIN TX 78701 DEVELOPMENT SUPPORT 102100 3 2418513 159659 2418513 LICENSING INCOME 541610 210210 210210 CONTRACT SERVICES 900099 55401 55401 265611 23188 23188 459899 460224 -325 -325 -325 2706987 265611 0 22863 X 716614 645504 22626 48484 1369818 1213380 73321 83117 128579 116039 5848 6692 141975 126587 6524 8864 43300 43300 858431 709298 51521 97612 25082 9968 3784 11330 10349 9856 164 329 490 490 44278 4510 39768 230981 202679 462 27840 3821 3821 16689 15688 333 668 CURRICULUM MATERIALS 19155 19155 MISCELLANEOUS 17148 270 16878 BANK CHARGES 11244 11244 MEMBERSHIP FEES 8403 6293 2110 3363 276 2531 556 3649720 3079503 284725 285492 152340 42112 1282590 982524 1015457 455048 46875 688512 683276 9057 5236 226023 243965 2685467 1775760 82239 106031 82239 106031 X 1530268 1397148 1072960 272581 2603228 1669729 2685467 1775760 -942733 9234 0 X 0 1 X 1 0 X 2537597 2691225 1731169 4371764 2418513 13750268 2537597 2691225 1731169 4371764 2418513 13750268 5988900 7761368 6269 5152 5154 6389 23188 46152 1000 306 6814 8120 13804540 1025604 0.56220 0.63670 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 226023 17942 243965 249188 -23165 226023 235773 13415 249188 232158 3615 235773 221424 10734 232158 1.00000 0 0 688512 683276 5236 5236 X 2716221 9234 9234 2706987 0 2706987 3649720 0 3649720 0 3649720 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, 2021 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 202432 0 33410 0 0 0 0 0 22817 0 258659 0 0 0 CAMERON SWAIM SENIOR DIRECTOR OF ENGINEERING 175261 0 15000 0 0 0 0 0 4739 0 195000 0 0 0 SUSANNE NOBLES CHIEF ACADEMIC OFFICER 174133 0 15000 0 0 0 0 0 5867 0 195000 0 0 0 X 2 159659 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 HOSTING: PROGRAM SERVICE EXPENSES 138,953. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 138,953. CONTRACT SERVICES - WEB HOSTING PROGRAM: PROGRAM SERVICE EXPENSES 294,242. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 294,242. OTHER PROFESSIONAL FEES: PROGRAM SERVICE EXPENSES 276,103. MANAGEMENT AND GENERAL EXPENSES 51,521. FUNDRAISING EXPENSES 97,612. TOTAL EXPENSES 425,236.