Worldreader Org
- Assets
- $11.9m
- Revenue
- $9.0m
- Investments
- $0.0
- Employees
- 22
- Location
- Seattle, WA
- Founding
- 10/2010
- Data as of
- 12/2021
- EIN
- 27-2092468
Organization Overview
Worldreader Org, operating under the name Worldreader, is located in Seattle, WA. The organization was established in 2010. According to its NTEE Classification (Q33) the organization is classified as: International Relief, under the broad grouping of International, Foreign Affairs & National Security and related organizations. As of 12/2021, Worldreader employed 22 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Worldreader is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2021, Worldreader generated $9.0m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (4.1%) each year. All expenses for the organization totaled $6.8m during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (1.9%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
WORLDREADER IS A GLOBAL NONPROFIT WHOSE MISSION IS TO HELP THE WORLD READ.
Describe the Organization's Program Activity:
Part 3 - Line 4a
WORLDREADER BELIEVES THAT READERS BUILD A BETTER WORLD. A NONPROFIT WITH A LOW-COST, HIGH-TECH APPROACH, WORLDREADER COMBINES 21ST-CENTURY TECHNOLOGY, CULTURALLY RELEVANT DIGITAL BOOKS, AND SUPPORTIVE PROGRAMMING TO IMPROVE LEARNING OUTCOMES, WORKFORCE READINESS, AND GENDER EQUITY IN VULNERABLE COMMUNITIES AROUND THE WORLD. IN 2021, WORLDREADER AND ITS PARTNERS DISTRIBUTED 10.1 MILLION DIGITAL BOOKS TO 2.8 MILLION CHILDREN AND YOUNG ADULTS ACROSS SIX REGIONS (UNITED STATES, EAST AFRICA, WEST AFRICA, LATIN AMERICA, MENA, AND SOUTH ASIA). WORLDREADER IS ALWAYS LOOKING FOR PARTNERS TO REACH MILLIONS MORE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Rebecca Chandler-Leege Chief Impact Officer | Officer | 40 | $186,900 |
Shannon Atkinson Chief Financial Officer | Officer | 40 | $167,825 |
Veronica Gutierrez Director Of Human Resource | 40 | $137,512 | |
Deborah Backus Sr. Director, Global Impact | 40 | $132,518 | |
Melanie Wise Sr. Director, Marketing & Comm | 40 | $130,424 | |
Kevin Lauber Manager, Major Gifts | 40 | $103,889 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $545,043 |
| All other contributions, gifts, grants, and similar amounts not included above | $7,731,552 |
| Noncash contributions included in lines 1a–1f | $543,826 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $8,276,595 |
| Total Program Service Revenue | $723,096 |
| Investment income | $523 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $613 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $9,017,027 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $2,163,864 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $564,219 |
| Compensation of current officers, directors, key employees. | $309,627 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,221,154 |
| Pension plan accruals and contributions | $39,095 |
| Other employee benefits | $162,508 |
| Payroll taxes | $98,596 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $4,485 |
| Fees for services: Accounting | $52,777 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $830,163 |
| Advertising and promotion | $63,175 |
| Office expenses | $67,476 |
| Information technology | $2,391 |
| Royalties | $0 |
| Occupancy | $98,300 |
| Travel | $20,989 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $10,828 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $149,440 |
| Insurance | $14,105 |
| All other expenses | $7,915 |
| Total functional expenses | $6,825,866 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $235,562 |
| Savings and temporary cash investments | $3,201,619 |
| Pledges and grants receivable | $7,154,461 |
| Accounts receivable, net | $192,705 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $171,322 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $914,476 |
| Other assets | $41,962 |
| Total assets | $11,912,107 |
| Accounts payable and accrued expenses | $430,146 |
| Grants payable | $316,289 |
| Deferred revenue | $326,116 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $1,072,551 |
| Net assets without donor restrictions | $2,337,556 |
| Net assets with donor restrictions | $8,502,000 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $11,912,107 |
Grants Recieved
Over the last fiscal year, we have identified 17 grants that Worldreader Org has recieved totaling $1,525,316.
| Awarding Organization | Amount |
|---|---|
Paypal Charitable Giving Fund Washington, DC PURPOSE: General Support | $506,051 |
Possibility Labs San Francisco, CA PURPOSE: GENERAL OPERATING SUPPORT | $500,000 |
American Online Giving Foundation Inc Newark, DE PURPOSE: GENERAL SUPPORT | $171,515 |
Klintworth Family Foundation Park City, UT PURPOSE: GENERAL OPERATING | $101,000 |
Schwab Charitable Fund San Francisco, CA PURPOSE: INTERNATIONAL, FOREIGN AFFAIRS | $57,000 |
The Wilke Family Foundation Wilmington, DE PURPOSE: GENERAL & UNRESTRICTED | $50,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Luke Commission Inc Sagle, ID | $15,926,571 | $20,745,366 |
Making A Difference Foundation Seattle, WA | $5,648,581 | $9,801,406 |
Washington State University Global Health Pullman, WA | $474,066 | $7,124,881 |
Worldreader Org Seattle, WA | $11,912,107 | $9,017,027 |
All Gods Children International Vancouver, WA | $4,347,832 | $7,534,520 |
International Childrens Care Inc Vancouver, WA | $2,390,869 | $3,895,114 |
Days For Girls International Mount Vernon, WA | $1,621,886 | $3,676,158 |
Childcare Worldwide Lynden, WA | $2,694,359 | $2,926,893 |
India Partners Eugene, OR | $2,001,509 | $3,503,989 |
Glenorchy Marketplace Foundation Bellevue, WA | $35,571,268 | $3,025,099 |
African Entrepreneurship Collective Clinton, WA | $11,434,782 | $6,049,617 |
Alliance For Children Everywhere Seattle, WA | $495,240 | $1,071,349 |