Worldreader

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Financials

Worldreader is a U.S. 501(c)(3) non-profit organization founded in 2010 on a mission to bring digital books to every child and her family, so that they can improve their lives. We are also registered in Spain, Ghana, United Kingdom and India.

General Information
Headquarters: 40 Ringold Street
San Francisco, CA 94103
EIN (U.S.): 27-2092468
CIO (U.K.): 1158030
Fiscal ID (Spain): G65520744 (as Fundación Worldreader.org)
TIN (Ghana): C0002554135
Telephone: +1 (415) 562-4840
Leadership: David Risher
NTEE Category: B19 Nonmonetary Support N.E.C.

B Educational Institutions

B01 Alliance/Advocacy Organizations

Year Founded: 2010

Our Impact Since 2010

  • 477,367 people reading every month
  • from a library of 45,904 books
  • in 52 countries.
  • 5,494,713 readers since 2010.
In addition:
  • Book Languages: 43
Guidestar seal

We are a Gold-level GuideStar Exchange participant, demonstrating our commitment to transparency and efficiency.

See Worldreader’s full profile on Guidestar.


2015 Financial Summary

Financial Information for Years Ending December 31, 2015.
Take a look at our 2015 Financial Statement.

Financial Health
Program Services 83%
Management & General 13%
Fundraising 4%

Revenue
Total Contributions $11,913,177
Program Service Revenue $12,904,881
Total Primary Revenue $14,818,058
Other Revenue
Total Revenue $14,818,058
Expenses
Program Expenses $7,461,517
Administrative Expenses $1,151,072
Fundraising Expenses $325,367
Total Functional Expenses $8,972,803
Assets & Liabilities
Total Assets $9,126,959
Total Liabilities $114,326
Net Assets $3,083,128

990 Forms

View our IRS Form 990 data for the following years:


2015 Annual Report

2015 Annual Report

  • We tripled our readership, expanded our reach from Africa to India and doubled the size of our digital library
  • A look into the future
  • Audited Financial Summary and support

 

To view the full 2015 report, click below:

2015 Annual Report

 

2014 Annual Report

2014 Annual Report

  • 2014 Summarized: 1,087,783 people reading: 1,062,332 on mobile phones, 25,451 on e-readers
  • Research: more people are reading, people are reading more and people are reading better!
  • What’s next: 15 million readers by 2018
  • Audited Financial Summary and support

To view the full 2014 report, click below:

2014 Annual Report

 

2013 Annual Report

2013 Annual Report

  • Letter from co-founders
  • 2013 Summarized: 223,413 people reading | 990,034 e-books read | 27 countries worldwide
  • Research: A summary of our projects with partners such as UNESCO, RTI, USAID, AustralianAID and World Vision.
  • What’s next in 2014: A glimpse to our upcoming projects with Microsoft, Airtel, UNHCR and The Bill & Melinda Gates Foundation.
  • Financial Summary and financial support

To view the full 2013 report, click below:

2013 Annual Report


People

Leadership: David Risher

Position: President & CEO

Term: Since Mar 2010

*For a full bio of David Risher, please click HERE.

Leadership Statement: PBS NewsHour

Board of Directors

Peter Spiro – Social Endeavors Foundation

Aiko Bethea – Bill & Melinda Gates Foundation

Terry Atkinson – Morgan Stanley

Charles Brighton – Brighton-Jones, LLC

Chris Capossela – Microsoft

Mary Case – Moss Adams LLC

Colin McElwee – Worldreader

Harrison Miller – Summit Partners

Kartik Raghavan – Two Sigma

David Risher – Worldreader

Sue Sanderson – Sanderson Family Foundation

 

*For a full profile of the Worldreader Board of Directors, please click HERE.


Additional Accountability & Transparency Metrics

Independent Voting Board Members YES
No Material Diversion of Assets YES
Independent Review of Financials (2012), Independent Audits Scheduled (2013) YES
Does Not Provide Loan(s) to or Receive Loan(s) From related parties YES
Documents Board Meeting Minutes YES
Provided copy of Form 990 to organization’s governing body in advance of filing YES
Conflict of Interest Policy YES
Whistleblower Policy YES
Records Retention and Destruction Policy YES
CEO listed with salary (CEO does not draw salary) YES
Process for determining CEO compensation YES
Board Listed / Board Members Not Compensated YES

Information Accessibility

Board Members Listed YES
Audited Financials YES
Form 990 YES
Key Staff Listed YES

If you have any further questions about our financials, please don’t hesitate to contact us.

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