Worldreader Org
- Assets
- $8.9m
- Revenue
- $5.0m
- Investments
- $0.0
- Employees
- 29
- Location
- Seattle, WA
- Founding
- 10/2010
- Data as of
- 12/2023
- 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 12/2023, Worldreader employed 29 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 12/2023, Worldreader generated $5.0m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 9 years, the organization has seen revenues fall by an average of (9.3%) each year. All expenses for the organization totaled $8.4m during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2023, Worldreader has awarded 15 individual grants totaling $110,625. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
WORLDREADER PROVIDES FAMILIES DIGITAL READING EXPERIENCES TO OPEN A WORLD OF ENDLESS POSSIBILITIES
Describe the Organization's Program Activity:
Part 3 - Line 4a
IN 2023, WORLDREADER REACHED THE MILESTONE OF 22 MILLION CUMULATIVE READERS. IN 2023 ALONE, WITH A FOCUS ON REACHING FAMILIES AND ENGAGING PARENTS AND CAREGIVERS IN READING TO AND WITH THEIR CHILDREN, WE REACHED OVER 330,000 FAMILIES AND DISTRIBUTED 2 MILLION BOOKS THROUGH STRONG RELATIONSHIPS WITH PARTNERS ACROSS SIX REGIONS (UNITED STATES, EAST AFRICA, WEST AFRICA, LATIN AMERICA, MENA, AND SOUTH ASIA).
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Rebecca Chandler-Leege CEO (from 04/14/2023) | OfficerTrustee | 40 | $238,489 |
John David Risher CEO (thru 04/14/2023) | OfficerTrustee | 32 | $45,148 |
Peter Spiro Chair Of The Board | OfficerTrustee | 1 | $0 |
Kartik Raghavan Secretary | OfficerTrustee | 1 | $0 |
Charles Brighton Treasurer | OfficerTrustee | 1 | $0 |
Chris Capossela Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $50,000 |
| All other contributions, gifts, grants, and similar amounts not included above | $4,246,483 |
| Noncash contributions included in lines 1a–1f | $123,544 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $4,296,483 |
| Total Program Service Revenue | $497,939 |
| Investment income | $186,643 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $27,087 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $5,008,152 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $165,125 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $2,372,969 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $948,751 |
| Compensation of current officers, directors, key employees. | $268,706 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,860,382 |
| Pension plan accruals and contributions | $55,277 |
| Other employee benefits | $110,244 |
| Payroll taxes | $92,986 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $13,625 |
| Fees for services: Accounting | $63,660 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $64,250 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $1,094,829 |
| Advertising and promotion | $183,079 |
| Office expenses | $85,043 |
| Information technology | $4,302 |
| Royalties | $0 |
| Occupancy | $47,194 |
| Travel | $152,562 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $113,552 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $409,011 |
| Insurance | $14,660 |
| All other expenses | $3,226 |
| Total functional expenses | $8,432,593 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $43,992 |
| Savings and temporary cash investments | $4,787,775 |
| Pledges and grants receivable | $2,589,488 |
| Accounts receivable, net | $80,183 |
| 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 | $215,130 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $1,143,374 |
| Other assets | $66,753 |
| Total assets | $8,926,695 |
| Accounts payable and accrued expenses | $400,305 |
| Grants payable | $20,347 |
| Deferred revenue | $74,697 |
| 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 | $1,879,841 |
| Other liabilities | $0 |
| Total liabilities | $2,375,190 |
| Net assets without donor restrictions | $1,878,603 |
| Net assets with donor restrictions | $4,672,902 |
| 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 | $8,926,695 |
Grants Awarded
Over the last fiscal year, Worldreader Org has awarded $110,625 in support to 15 organizations.
| Grant Recipient | Amount |
|---|---|
BURST INTO BOOKS PURPOSE: BOOKSMART IMPLEMENTATIPON | $7,500 |
CAHOKIA DISTRICT UNIT #187 PURPOSE: BOOKSMART IMPLEMENTATIPON | $7,500 |
BOYS & GIRLS CLUBS OF CHICAGO PURPOSE: BOOKSMART IMPLEMENTATIPON | $7,500 |
CENTENNIAL PLACE ACADEMY PURPOSE: BOOKSMART IMPLEMENTATIPON | $7,500 |
CHILDREN'S SERVICES COUNCIL OF FLORIDA INC PURPOSE: BOOKSMART IMPLEMENTATIPON | $7,500 |
ETHOS CLASSICAL INC PURPOSE: BOOKSMART IMPLEMENTATIPON | $5,625 |