Room To Read
- Assets
- $51.4m
- Revenue
- $62.0m
- Investments
- $0.0
- Employees
- 90
- Location
- San Francisco, CA
- Founding
- 12/1999
- Data as of
- 12/2020
- EIN
- 91-2003533
Organization Overview
Room To Read is located in San Francisco, CA. The organization was established in 1999. According to its NTEE Classification (B90) the organization is classified as: Educational Services, under the broad grouping of Education and related organizations. As of 12/2021, Room To Read employed 90 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Room To Read 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 12/2020, Room To Read generated $62.0m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 5.8% each year. All expenses for the organization totaled $48.0m during the year ending 12/2020. While expenses have increased by 1.7% per year over the past 6 years. They've been increasing with an increasing level of total revenue. 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
2020
Describe the Organization's Mission:
Part 3 - Line 1
ROOM TO READ IS CREATING A WORLD FREE FROM ILLITERACY AND GENDER INEQUALITY, THROUGH EDUCATION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
OUR LITERACY PROGRAM TRANSFORMS PRIMARY SCHOOLS TO ENABLE CHILDREN TO BECOME INDEPENDENT READERS AND LIFELONG LEARNERS. OUR LITERACY PROGRAM TRAINS AND COACHES TEACHERS, CREATES QUALITY BOOKS AND CURRICULAR MATERIALS AND ESTABLISHES LIBRARIES FILLED WITH DIVERSE CHILDREN'S BOOKS IN LOCAL LANGUAGES THAT CAN BE ENJOYED AT SCHOOL OR HOME. WE PARTNER WITH LOCAL COMMUNITIES, GOVERNMENTS AND THE PUBLISHING INDUSTRY TO TEST AND IMPLEMENT INNOVATIVE MODELS THAT HELP CHILDREN SUCCEED IN SCHOOL AND DEVELOP A LOVE OF READING.TO DATE, ROOM TO READ HAS BENEFITED 28.2MM CHILDREN AND MORE THAN 49,000 PARTNER SCHOOLS THROUGH ITS LITERACY PORTFOLIO. (CONTINUED IN SCHEDULE O)
OUR GIRLS' EDUCATION PROGRAM HELPS GIRLS BUILD THE SKILLS TO SUCCEED IN SCHOOL AND MAKE KEY LIFE DECISIONS. WE PREPARE GIRLS TO MAKE POSITIVE CHANGE BY PROVIDING LIFE SKILLS CURRICULUM, OPPORTUNITIES FOR MENTORSHIP AND PEER SUPPORT AND FAMILY AND COMMUNITY ENGAGEMENT. OUR PROGRAM SUPPORTS YOUNG PEOPLE OF ALL GENDERS TO BUILD KNOWLEDGE AND SKILLS WITH WHICH THEY CAN CREATE A GENDER[1]EQUAL WORLD. WE HELP GOVERNMENTS DELIVER SIMILAR PROGRAMS THROUGH THEIR OWN EDUCATION SYSTEMS.TO DATE, ROOM TO READ HAS BENEFITED 3.2MM GIRLS THROUGH ITS GIRLS' EDUCATION AND GENDER EQUALITY PORTFOLIO. (CONTINUED IN SCHEDULE O)
SEE SCHEDULE O
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Geetha Murali CEO / Director | OfficerTrustee | 40 | $281,688 |
Laurie Mcmahon Chief Devcom Officer | 40 | $222,286 | |
Nicole Sayres Chief Operating Officer | Officer | 40 | $211,078 |
Shari Freedman CFO | Officer | 40 | $209,883 |
Heather Simpson Chief Program Officer | 40 | $204,181 | |
Christine Beggs Vice President, Rme | 40 | $184,211 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Nexus Production Limited Animation Films | 12/30/21 | $400,000 |
Robosoft Technologies Inc It Services | 12/30/21 | $282,541 |
Innovations Psi Hiring Agency | 12/30/21 | $280,627 |
Workday Inc Software | 12/30/21 | $273,206 |
Grant Thornton Audit & Taxation | 12/30/21 | $221,276 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $61,649,102 |
| Investment income | $283,526 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $41,047 |
| Net Income from Fundraising Events | -$61,062 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $61,954,261 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $724,046 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $869,318 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $23,605,250 |
| Pension plan accruals and contributions | $289,874 |
| Other employee benefits | $3,842,522 |
| Payroll taxes | $654,435 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $57,329 |
| Fees for services: Accounting | $272,670 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $1,744,884 |
| Advertising and promotion | $29,971 |
| Office expenses | $289,787 |
| Information technology | $1,375,370 |
| Royalties | $0 |
| Occupancy | $1,840,486 |
| Travel | $653,109 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $68,296 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $15,922 |
| Insurance | $90,748 |
| All other expenses | $0 |
| Total functional expenses | $48,020,870 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $17,350,825 |
| Savings and temporary cash investments | $2,655,761 |
| Pledges and grants receivable | $16,401,115 |
| Accounts receivable, net | $204,425 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $2,671,905 |
| Prepaid expenses and deferred charges | $852,383 |
| Investments—publicly traded securities | $10,837,238 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $292,947 |
| Total assets | $51,354,748 |
| Accounts payable and accrued expenses | $565,886 |
| Grants payable | $0 |
| Deferred revenue | $1,973,086 |
| 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 | $4,521,519 |
| Total liabilities | $7,060,491 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Total liabilities and net assets/fund balances | $44,294,257 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that Room To Read has recieved totaling $12,000.
| Awarding Organization | Amount |
|---|---|
Leslie Peter Foundation New York, NY PURPOSE: SEEKS TO TRANSFORM THE LIVES OF CHILDREN IN LOW-INCOME COUNTRIES BY FOCUSING ON LITERATURE AND GENDER EQUALITY | $10,000 |
Warwick Foundation Northfield, IL PURPOSE: GENERAL FUNDS | $1,000 |
Byrd Family Foundation North Chesterfield, VA PURPOSE: GENERAL OPERATING PURPOSES | $1,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Magnolia Educational & Research Foundation Los Angeles, CA | $67,129,472 | $66,230,945 |
Panda Cares Foundation Inc Las Vegas, NV | $37,372,072 | $45,451,718 |
Xq Institute Oakland, CA | $14,589,368 | $51,717,404 |
Room To Read San Francisco, CA | $51,354,748 | $61,954,261 |
South Bay Workforce Investment Board Inc Hawthorne, CA | $7,623,488 | $36,083,167 |
Compass Charter Schools Thousand Oaks, CA | $14,467,036 | $29,961,787 |
New Teacher Center Santa Cruz, CA | $27,814,525 | $27,076,985 |
Alpha Public Schools Inc San Jose, CA | $20,794,542 | $26,321,038 |
Give To Learn To Grow Foundation Culver City, CA | $40,470 | $188,892 |
Live Oak A Learning Center For Children San Francisco, CA | $40,489,721 | $19,594,406 |
Biocomx Dana Point, CA | $308,692 | $15,969,949 |
Open Up Resources Menlo Park, CA | $29,661,554 | $16,279,319 |