2026-02-04T11:13:21-06:00 2025-08-31 132672154 LIPSKY GOODKIN & CO PC 120 WEST 45TH STREET 7TH FL NEW YORK NY 10036 990 2024-09-01 134091062 READ ALLIANCE INC READ 6468676101 160 BROADWAY 8TH FL EAST BUILDING NEW YORK NY 10038 DANIELLE GUINDO EXECUIVE OFFICER 6468676101 2026-01-28 1 1 MESUG KIM P01291883 2128406444 2026-02-04 2024 2025-03-06 01:10:19Z DANIELLE GUINDO 160 BROADWAY 8TH FL EAST BUILDING NEW YORK NY 10038 4580571 0 X WWW.READALLIANCE.ORG X 1999 NY WORK TO ACCELERATE THE EDUCATIONAL TRAJECTORY OF EARLY ELEMENTARY STUDENTS THROUGH THE POWER OF TEENS WHO PROVIDE ONE-TO-ONE LITERACY TUTORING IN UNDER-RESOURCED COMMUNITIES. 19 19 955 142 0 0 4690106 3941002 371841 523784 119065 112269 -175026 -176079 5005986 4400976 0 0 0 0 3156273 3531411 0 0 531241 1195293 1257202 4351566 4788613 654420 -387637 4960211 4442907 973760 815456 3986451 3627451 X READ ALLIANCE, INC (READ ALLIANCE) WORKS TO ACCELERATE THE EDUCATIONAL TRAJECTORY OF EARLY ELEMENTARY STUDENTS THROUGH THE POWER OF TEENS WHO PROVIDE ONE-TO-ONE LITERACY TUTORING IN UNDER-RESOURCED COMMUNITIES. READ IMPACTS TWO POPULATIONS SIMULTANEOUSLY, AND THROUGH A HIGHLY STRUCTURED, RESEARCH-BASED CURRICULUM, STUDENTS AVERAGE A FULL YEAR'S GROWTH IN READING AND THEIR TEEN TUTORS DEVELOP COLLEGE, CAREER, AND LIFE SKILLS. EARLY INTERVENTION PREVENTS READING DIFFICULTIES FROM BECOMING BARRIERS TO FUTURE SUCCESS, WHILE TEENS HAVE A POSITIVE DIRECT IMPACT ON THE LIVES OF CHILDREN IN THEIR COMMUNITIES THROUGH MEANINGFUL SERVICE AND JOBS. 0 0 1745577 TEEN LEADERSHIP PROGRAM- TEEN LEADERS ARE ENGAGED IN MEANINGFUL AFTER SCHOOL EMPLOYMENT FOR 90 MINUTES A DAY, FOR A MINIMUM OF THREE DAYS A WEEK, AT A NEARBY ELEMENTARY SCHOOL, EARNING AN AVERAGE OF BETWEEN $600-$1,000 OVER 45 SESSIONS. TEEN LEADERS ARE NOT ONLY TRAINED TO DELIVER THE RESEARCH-BASED READING CURRICULUM ONE-ON-ONE TO YOUNG CHILDREN, BUT THEY ARE ALSO TRAINED IN BEHAVIOR MANAGEMENT AND DATA COLLECTION THAT IS CRUCIAL TO PROGRAM IMPLEMENTATION, REFLECTION AND ANALYSIS. TEEN LEADERS HAVE THE OPPORTUNITY TO ADVANCE TO SENIOR TEEN LEADER, A POSITION WITH ADDITIONAL RESPONSIBILITY PROVIDING SUPPORT AND GUIDANCE FOR THE TEEN LEADERS, PEER TO PEER DEVELOPMENT, AND SUPERVISION. AS PART OF THE TEEN LEADERSHIP PROGRAM READ ALLIANCE OFFERS COMPLEMENTARY PROGRAMMING FOR TEEN LEADERS THAT PROMOTES THEIR POSTSECONDARY SUCCESS INCLUDING FINANCIAL LITERACY TRAINING, LEADERSHIP DEVELOPMENT, NETWORKING AND CAREER EXPOSURE, COLLEGE READINESS, AND SOCIAL AND EMOTIONAL LEARNING. READ ALLIANCE LAUNCHED A PATHWAYS TO EDUCATION INITIATIVE IN FY 23 TO SUPPORT TEEN LEADERS' PURSUIT OF HIGHER EDUCATION AND TO CREATE A PIPELINE TO TEACHING CAREERS. IN AN EFFORT TO SUPPORT EXPANSION, READ ADDED THE ROLE OF SUMMER ENRICHMENT PROGRAM ASSISTANT DURING THE SUMMER OF FY22 SPECIFICALLY FOR EXPERIENCED TEEN LEADERS WHO WERE HOME FROM COLLEGE TO PROVIDE OVERSIGHT AND SUPPORT TO PROGRAM SITES IF A PROGRAM MANAGER WAS UNABLE TO BE THERE IN PERSON EVERY DAY. 2098230 EARLY LITERACY PROGRAM- READ ALLIANCE'S UNIQUE EARLY LITERACY PROGRAM IS 45 SESSIONS, AND PROVIDES 90 MINUTES OF PROGRAMMING PER DAY IN TWO PARTS: 1) A 45-MINUTE SESSION OF ONE-TO-ONE, INDIVIDUALIZED LITERACY INTERVENTION USING A STRUCTURED, PHONICS-BASED CURRICULUM DELIVERED TO THE YOUNGER READ ALLIANCE STUDENTS BY PAID READ ALLIANCE TEEN LEADERS, AND 2) A 45-MINUTE GROUP WORK SESSION LED BY A READ TEACHER, EITHER HOMEWORK HELP OR COMPLEMENTARY LITERACY ACTIVITIES. DURING THE ONE-TO-ONE TUTORING SESSION, STUDENTS READ OUT LOUD TO THEIR TEEN LEADERS A BOOK THEY HAVE ALREADY MASTERED, AND THEN THE TEEN LEADER PROVIDES EXPLICIT ONE-TO-ONE READING INSTRUCTION AND PRACTICE. AT THE END OF EACH SESSION, STUDENTS ARE GIVEN A BOOK FROM OUR LENDING LIBRARY FOR CONTINUED PRACTICE AT HOME. READ ALLIANCE TARGETS ITS EARLY LITERACY PROGRAM TO KINDERGARTEN, FIRST AND SECOND GRADERS WHO ARE READING AT LEAST HALF A GRADE LEVEL BEHIND. THE INDIVIDUALIZED, PHONICS- BASED INSTRUCTION USES A STRUCTURED CURRICULUM TO ADVANCE READING SKILL IMPROVEMENT OF AN AVERAGE OF AT LEAST ONE READING LEVEL IN JUST 30 SESSIONS. MORE THAN 85 PERCENT OF PARTICIPANTS WHO COMPLETE THE READ ALLIANCE PROGRAM ADVANCE THEIR READING SKILL IMPROVEMENT AN AVERAGE OF AT LEAST ONE READING LEVEL. IN FY24 READ ALLIANCE SERVED 1,256 UNDUPLICATED READERS IN 1,560 SEATS, AND EMPLOYED 1,046 UNDUPLICATED TEEN LEADERS IN 1,373 POSITIONS IN 3 STATES. 3843807 1 1 0 0 0 0 0 0 0 0 1 0 0 1 1 0 1 0 0 0 0 0 0 0 1 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 22 0 1 955 1 0 0 0 0 0 0 0 0 0 0 X 19 19 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 0 0 CT NY NJ PA OR X X DANIELLE GUINDO 6468676104 160 BROADWAY 8TH FLOOR EAST BLDG NEW YORK NY 10038 MARK A HEMENETZ CHAIR 4.00 X X 0 0 0 ROBERT BROWN VICE PRESIDENT 2.00 X X 0 0 0 MICHAEL LUBOWITZ SECRETARY 2.00 X X 0 0 0 JASON TEETERS TREASURER 2.00 X X 0 0 0 DEBJANI BAGCHI THRU JUL 25 DIRECTOR 1.00 X 0 0 0 ADAM BAXTER DIRECTOR 1.00 X 0 0 0 MARCIA CANTARELLA DIRECTOR 1.00 X 0 0 0 MARIANA DE LA VEGA THRU OCT 25 DIRECTOR 1.00 X 0 0 0 KATE BROWN DIRECTOR 1.00 X 0 0 0 DAVID FOSTER DIRECTOR 1.00 X 0 0 0 JENNA GOUDREAU DIRECTOR 1.00 X 0 0 0 SAMUEL GRADESS DIRECTOR 1.00 X 0 0 0 KATY KNIGHT DIRECTOR 1.00 X 0 0 0 MARK MOORE DIRECTOR 1.00 X 0 0 0 ZOE MOUNTROUKAS DIRECTOR 1.00 X 0 0 0 CARIN MUHLBAUM STARTED JAN 25 DIRECTOR 1.00 X 0 0 0 PETER NKONGHO DIRECTOR 1.00 X 0 0 0 PATRICK RAMSEY DIRECTOR 1.00 X 0 0 0 RICHARD ROBINSON DIRECTOR 1.00 X 0 0 0 JULIE STERLING DIRECTOR 1.00 X 0 0 0 CHRISTOPHER VOLPE DIRECTOR 1.00 X 0 0 0 DANIELLE GUINDO EXECUTIVE DIRECTOR 40.00 X 253000 0 30559 YVETTE RUSSELL CHIEF STRATEGY OFFIC 40.00 X 191000 0 22872 MARCOS CLANDER SNR DIRECTOR OF PROG 40.00 X 120750 0 8560 PATRICIA MACLEAN DIRECTOR OF DEVELOPM 40.00 X 110250 0 3562 VALERIE BURGOS DIRECTOR OF IMPLEMENTATION 40.00 X 105000 0 14262 780000 0 79815 5 0 1 0 0 1190202 476020 2274780 3941002 SERVICE FEES FROM SITE 611710 523784 523784 523784 112269 112269 0 1190202 179595 -179595 -179595 OTHER INCOME 900099 3516 3516 3516 4400976 527300 0 -67326 444000 368100 63250 12650 2574431 2277154 65390 231887 62228 51013 3866 7349 195555 162612 11357 21586 255197 225125 10366 19706 17391 17391 558163 188361 204004 165798 111580 104104 2634 4842 49932 43759 2128 4045 204195 163356 20420 20419 83555 74889 2988 5678 15659 12837 973 1849 104450 91537 4451 8462 FURITURE, MAINTENANCE 49300 42297 2414 4589 MISCELLANEOUS 47543 25018 1316 21209 RECRUITMENT, RETENTION 10434 8645 617 1172 PROFRAM INCENTIVES 5000 5000 4788613 3843807 413565 531241 107976 321133 1400017 742443 599811 1037749 151855 168150 218634 204962 23046 13672 1878599 1511150 798907 648610 4960211 4442907 176035 175266 797725 640190 973760 815456 X 2996951 2709951 989500 917500 3986451 3627451 4960211 4442907 -387637 28637 0 X 0 1 X 1 0 X 3528241 3563185 3662226 3690106 3941002 18384760 3528241 3563185 3662226 3690106 3941002 18384760 3781795 14602965 4450 4845 78945 119065 112269 319574 3516 3516 18707850 1486413 0.78060 0.77350 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 112542 112542 0 106092 92420 13672 13672 SECURITY DEPOSITS 76950 RIGHT-OF-USE ASSETS-OPERATING LEASES 571660 648610 LEASE OBLIGATIONS 640190 640190 4915260 28637 485647 514284 4400976 0 4400976 5274260 485647 485647 4788613 0 4788613 SPRING EVENT 1190202 1190202 179595 1190202 1190202 179595 179595 -179595 0 0 0 0 0 0 0 0 0 DANIELLE GUINDO EXECUTIVE DIRECTOR 253000 0 0 0 0 0 10389 0 20170 0 283559 0 0 0 YVETTE RUSSELL CHIEF STRATEGY OFFIC 191000 0 0 0 0 0 7992 0 14880 0 213872 0 0 0 FORM 990, PART VI, SECTION B, LINE 11B ORGANIZATION'S PROCESS TO REVIEW FORM 990, MANAGEMENT AND ALL MEMBERS OF THE GOVERNING BODY REVIEWED THE 990 PRIOR TO FILING WITH THE IRS. IF MEMBERS OF THE GOVERNING BOARD HAVE QUESTIONS ABOUT THE 990 THEY DISCUESS THEM WITH MANAGEMENT. FORM 990, PART VI, SECTION B, LINE 12C READ ALLIANCE HAS DEVELOPED ITS CONFLICT OF INTEREST POLICY AND PERIODICALLY REVIEWS THE POLICY TO ENSURE THAT ALL ITS DIRECTORS AND OFFICERS CONTINUETO ACT IN COMPLIANCE WITH APPLICABLE LAWS AND TO DEAL WITH ALL PERSONS DOING BUSINESS WITH READ ALLIANCE APPROPRIATELY. THESE POLICIES ARE GUIDELINES TO PROTECT READ ALLIANCE'S INTERESTS WHEN IT IS CONTEMPLATING ENTERING INTO A TRANSACTION OR ARRANGEMENT THAT MIGHT BENEFIT THE PRIVATE INTEREST OF AN OFFICER OR DIRECTOR OF THE CORPORATION. THESE POLICIES ARE INTENDED TO SUPPLEMENT BUT NOT REPLACE ANY APPLICABLE STATE LAWS GOVERNING CONFLICTS OF INTEREST AND PERMISSIBLE ACTIVITIES APPLICABLE TO NON PROFIT AND CHARITABLE CORPORATIONS. IN CONNECTION WITH ANY ACTUAL OR POSSIBLE CONFLICTS OF INTEREST, AN INTERESTED PERSON MUST DISCLOSE THE EXISTENCE AND NATURE OF HIS/HER FINANCIAL INTERESTS TO THE DIRECTORS AND MEMBERS OF COMMITTEES WITH BOARD DELEGATED POWERS CONSIDERING THE PROPOSED TRANSACTION OR ARRANGEMENT. AFTER DISCLOSURE OF THE FINANCIAL INTEREST, THE INTERESTED PERSON SHALL LEAVE THE BOARD OR COMMITTEE MEETING WHILE THE FINANCIAL INTEREST IS DISCUSSED AND VOTED UPON. THE REMAINING BOARD OR COMMITTEE MEMBERS SHALL DECIDE IF A CONFLICT OF INTEREST EXISTS. FOR ADDRESSING THE CONFLICT OF INTEREST:A. THE EXECUTIVE DIRECTOR OF READ ALLIANCE OR THE FINANCE COMMITTEE SHALL, IF APPROPRIATE, APPOINT A DISINTERESTED PERSON OR COMMITTEE TO INVESTIGATE ALTERNATIVES TO THE PROPOSED TRANSACTION OR ARRANGEMENT.B. AFTER EXERCISING DUE DILIGENCE, THE EXECUTIVE DIRECTOR OR THE FINANCE COMMITTEE SHALL DETERMINE WHETHER READ ALLIANCE CAN OBTAIN A MORE ADVANTAGEOUS TRANSACTION OR ARRANGEMENT WITH REASONABLE EFFORTS FROM A PERSON ORENTITY THAT WOULD NOT GIVE RISE TO A CONFLICT OF INTEREST.C. IF A MORE ADVANTAGEOUS TRANSACTION OR ARRANGEMENT IS NOT REASONABLY ATTAINABLE UNDER CIRCUMSTANCES THAT WOULD NOT GIVE RISE TO A CONFLICT OF INTEREST, THE BOARD OR COMMITTEE SHALL DETERMINE BY A MAJORITY VOTE OF THE DISINTERESTED DIRECTORS WHETHER THE TRANSACTION OR ARRANGEMENT IS IN THE BEST INTEREST AND FOR ITS OWN BENEFIT AND WHETHER THE TRANSACTION IS FAIR AND REASONABLE TO READ ALLIANCE AND SHALL MAKE ITS DECISION AS TO WHETHER TO ENTER INTO THE TRANSACTION OR ARRANGEMENT IN CONFORMITY WITH SUCH A DETERMINATION. VIOLATIONS OF THE CONFLICT OF INTEREST POLICY:A. IF THE EXECUTIVE DIRECTOR OR THE FINANCE COMMITTEE HAS REASONABLE CAUSE TO BELIEVE THAT 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.B. IF, AFTER HEARING THE RESPONSE OF THE MEMBER AND MAKING SUCH FURTHER INVESTIGATION AS MAY BE WARRANTED IN THE CIRCUMSTANCES, THE BOARD OR COMMITTEE DETERMINES THAT THE MEMBER HAS IN FACT FAILED TO DISCLOSE ANACTUAL OR POSSIBLE CONFLICT OF INTEREST, IT SHALL TAKE APPROPRIATE DISCIPLINARY AND CORRECTIVE ACTION. EACH DIRECTOR, OFFICER AND MEMBER OF A COMMITTEE SHALL SIGN A STATEMENT WHICH AFFIRMS THAT SUCH PERSON:A. HAS RECEIVED A COPY OF THE CONFLICTS OF INTEREST POLICY B. HAS READ ALLIANCE AND UNDERSTANDS THE POLICY C. HAS AGREED TO COMPLY WITH THE POLICY D. UNDERSTANDS THAT READ ALLIANCE IS A NONPROFIT ORGANIZATION AND THAT IN ORDER TO MAINTAIN ITS FEDERAL TAX EXEMPTION IT MUST ENGAGE PRIMARILY IN ACTIVITIES WHICH ACCOMPLISH ONE OR MORE OF ITS TAX-EXEMPT PURPOSES. FORM 990, PART VI, SECTION B, LINE 15A READ ALLIANCE'S EXECUTIVE COMMITTEE DETERMINES THE COMPENSATION FOR THE EXECUTIVE DIRECTOR AND CHIEF STRATEGY OFFICER USING DATA OBTAINED FROM THE 990 OFOTHER ORGANIZATIONS AND A SURVEY CONDUCTED BY PROFESSIONALS FOR NOT-FOR-PROFITS (PNP). THE DELIBERATION AND DECISION ARE MADE BY THE EXECUTIVE COMMITTEE. THE EXECUTIVE DIRECTOR AND CHIEF STRATEGY OFFICER'S FISCAL 2025 SALARY REVIEW WAS COMPLETED IN AUGUST 2024. FORM 990, PART VI, SECTION C, LINE 19 THESE DOCUMENTS ARE AVAILABLE UPON REQUEST.