Room To Read
- Assets
- $74.2m
- Revenue
- $61.1m
- Investments
- $0.0
- Employees
- 97
- Location
- San Francisco, CA
- Founding
- 12/1999
- Data as of
- 12/2023
- 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 12/2023, Room To Read employed 97 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 12/2023, Room To Read generated $61.1m in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 3.6% each year. All expenses for the organization totaled $65.0m during the year ending 12/2023. While expenses have increased by 4.6% per year over the past 9 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
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2023
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:
ROOM TO READ'S LITERACY PROGRAM SUPPORTS CHILDREN AS THEY DEVELOP INTO INDEPENDENT READERS AND LIFELONG LEARNERS WHO ARE BREAKING THE CYCLE OF ILLITERACY WITHIN THEIR OWN FAMILIES. OUR LITERACY PROGRAM TRAINS AND COACHES COHORTS OF 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 OF ALL GENDERS AND BACKGROUNDS ESTABLISH FOUNDATIONAL LITERACY SKILLS AND DEVELOP A LOVE OF READING, INSPIRING CHILDREN TO BECOME LIFE-LONG LEARNERS. (CONTINUED ON SCHEDULE O)TO DATE, ROOM TO READ HAS BENEFITED 41.8 MM CHILDREN AND MORE THAN 334,491 PARTNER SCHOOLS THROUGH ITS LITERACY PORTFOLIO.
ROOM TO READ'S GIRLS' EDUCATION PROGRAM ENSURES THAT GIRLS BUILD THE SKILLS TO SUCCEED IN SCHOOL AND NEGOTIATE KEY LIFE DECISIONS. WE SUPPORT GIRLS AS THEY DEVELOP THEIR POWER AS POSITIVE CHANGE AGENTS BY PROVIDING CRITICAL KNOWLEDGE, LIFE SKILLS CLASSES, MENTORSHIP, PEER SUPPORT, AND FAMILY AND COMMUNITY ENGAGEMENT. THROUGH THE PROGRAM, GIRLS ARE SUPPORTED WITH ROLE MODELS AND RESOURCES TO SELF-ADVOCATE AND CHART A SUCCESSFUL LIFE PATH THAT THEY CHOOSE FOR THEMSELVES.TO DATE, ROOM TO READ HAS BENEFITED 3.7 MM GIRLS THROUGH ITS GIRLS' EDUCATION AND GENDER EQUALITY PORTFOLIO. (CONTINUED ON SCHEDULE O)
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Geetha Murali CEO / Director | OfficerTrustee | 40 | $353,520 |
Yusuf Alireza Board Chair | OfficerTrustee | 1 | $0 |
Andrew Balls Director | Trustee | 1 | $0 |
Mary Byron Director | Trustee | 1 | $0 |
Dr Luis Crouch Director | Trustee | 1 | $0 |
Carl Huttenlocher Director | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Grant Thornton Llp Audit And Tax Consulting Services | 12/30/23 | $160,070 |
Books For Less Llc Book Distribution | 12/30/23 | $133,525 |
Cloudelligent It Counsulting Serivce | 12/30/23 | $151,250 |
Moonshine Media Group Film Production | 12/30/23 | $233,851 |
Sundance Graphics Llc Printing Of Books | 12/30/23 | $154,185 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $85,795 |
| Related organizations | $0 |
| Government grants | $2,424,173 |
| All other contributions, gifts, grants, and similar amounts not included above | $58,526,671 |
| Noncash contributions included in lines 1a–1f | $4,223,934 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $61,036,639 |
| Total Program Service Revenue | $0 |
| Investment income | $493,763 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$2,912 |
| Net Income from Fundraising Events | -$532,225 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $61,071,881 |
| 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 | $2,558,873 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $1,036,655 |
| Compensation of current officers, directors, key employees. | $412,858 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $27,849,522 |
| Pension plan accruals and contributions | $719,278 |
| Other employee benefits | $4,581,229 |
| Payroll taxes | $978,266 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $102,628 |
| Fees for services: Accounting | $369,476 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $2,801,623 |
| Advertising and promotion | $16,594 |
| Office expenses | $360,173 |
| Information technology | $2,084,224 |
| Royalties | $0 |
| Occupancy | $2,062,682 |
| Travel | $1,354,437 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $109,278 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $14,123 |
| Insurance | $101,145 |
| All other expenses | $2,587,609 |
| Total functional expenses | $65,007,854 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $8,001,540 |
| Savings and temporary cash investments | $9,971,849 |
| Pledges and grants receivable | $29,518,450 |
| Accounts receivable, net | $170,197 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $1,209,193 |
| Prepaid expenses and deferred charges | $1,251,207 |
| Net Land, buildings, and equipment | $52,008 |
| Investments—publicly traded securities | $17,785,090 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $6,232,618 |
| Total assets | $74,192,152 |
| Accounts payable and accrued expenses | $820,796 |
| Grants payable | $0 |
| Deferred revenue | $804,215 |
| 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 | $9,047,079 |
| Total liabilities | $10,672,090 |
| Net assets without donor restrictions | $32,257,094 |
| Net assets with donor restrictions | $31,262,968 |
| 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 | $74,192,152 |