Room to Read FY2020 filing

Tax-deductible

San Francisco, CA501(c)(3)Since 1999EducationEIN 91-2003533Revenue $62.0M in FY2020

On file with the IRSroomtoread.org465 California St Ste 1000, 94104-1824 · San Francisco, CATax-exempt since Dec 1999Publicly supported charity — 170(b)(1)(A)(vi)

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Room to Read envisions a world free from illiteracy and gender inequality, where all children have Room to Read, learn and grow.

501(c)(3) charity; gifts are tax-deductible.
87¢ of each $1 spent went to programs.
$1.6M paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

Before you give

FY2020 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
4 of 6
filings with a surplus
Average surplus $7.3M a year · 11% of revenue · last 6 filings
Fine: a surplus in 4 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
87%
of spending
Looks good: 87% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$1.6M
to officers and key staff · 3% of spending
Looks good: pay to officers and key staff is 3% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
5 mo
of spending, in cash
Looks good: 5.0 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
6
named funders · $292K
Looks good: 6 funders name it on their filings; 3 or more.
Funders’ Sch. I, 990-PF
Liabilities
$7.1M
14% of total assets
Looks good: liabilities are 14% of assets; 50% or less.
Pt X · Ln 26
Independent board members
13
of 15 voting members
Looks good: 13 of 15 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$62.0M
Spent
$48.0M
To programs
87%
Net assets
$44.3M
By yearFY2020–FY2025
Revenue
$62.0M
FY2020
Tap a bar for its year
Revenue by fiscal year
FY2020$62.0M
FY2021$87.9M
FY2022$59.4M
FY2023$61.1M
FY2024$66.5M
FY2025$74.0M
Expenses
$48.0M
FY2020
Tap a bar for its year
Expenses by fiscal year
FY2020$48.0M
FY2021$59.5M
FY2022$66.9M
FY2023$65.0M
FY2024$62.9M
FY2025$64.6M
Net assets
$44.3M
FY2020
Tap a bar for its year
Net assets by fiscal year
FY2020$44.3M
FY2021$74.2M
FY2022$63.5M
FY2023$63.5M
FY2024$68.2M
FY2025$80.7M

From the FY2020 Form 990 · figures checked against the IRS filing · see the original

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Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Dec 1999.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

87 cents of each dollar spent went to programs.

Program services 87% · $41.7M Management & general 4% · $2.1M Fundraising 9% · $4.2M

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

23 people listed on the 990; $1.6M paid to officers and key staff.

Part VII, Section A · reportable compensation
CEO / Director
$245,915Pt VII · Sec A
$197,611Pt VII · Sec A
Chief Operating Officer
$192,941Pt VII · Sec A
Chief Program Officer
$189,445Pt VII · Sec A
Chief Devcom Officer
$189,275Pt VII · Sec A
Senior Director, Marcomm
$162,837Pt VII · Sec A
Senior Director, Finance
$159,867Pt VII · Sec A
Director, Legal Affairs
$156,048Pt VII · Sec A

Geetha Murali’s $405K as CEO / Director is at the 81st percentile of top reported officer pay among 3683 $10–100M education nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 8 named individuals · Part VII

NameFY2025FY2024FY2023FY2022FY2021FY2020
Geetha Murali$404,538$361,002$353,520$358,527$281,688$245,915
Shari Freedman$294,555$268,258$262,537$264,140$209,883$197,611
Laurie McMahon$286,072$253,057$234,855$233,677$222,286$189,275
Heather Simpson$281,627$260,714$255,314$259,241$204,181$189,445
Michael Bowers$259,489$237,746$235,976$220,997$175,933—
Cynthia Orme$229,001$240,966$235,976———
Nicole Sayres———$224,902$211,078$192,941
Nancy Shyer$221,930$209,402$205,067$208,513$179,765$159,867

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aYes

Programs and updates

Empowering children with literacy and gender equality through education.

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Provided by the organization

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2 programs · $41.7M · in their own filed words · FY2020
01

Room to read is breaking the cycle of childhood illiteracy and poverty in a single generation. Room to read's innovative literacy program ensures primary schools have libraries filled with books in the children's local languages, as well as teachers and librarians who are trained on how to engage a classroom of eager, young learners.

$31.0Mprogram expense
02

Girls' Education Program

Through our girls' education program, we give girls the tools to self-advocate and find power in their voices to chart a path that they choose for themselves, rather than the one forced upon THEM.ROOM to read's girls' education program ensures that girls complete secondary school and have the skills to negotiate key life decisions.

$10.7Mprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · funders on record
Grants received · FY2025
Afognak FundFY2025$50K
Total grants receivedfrom 6 funders$292K
See all 6 funders →

By the numbers

The FY2020 990, line by line.

1The main four
Money inPt VIII
$62.0M
Ln 12
Gifts and grantsLn 1h$61.6M
Investment incomeLn 3$325K
Money outPt IX
$48.0M
Ln 25
Programscol B$41.7M
Managementcol C$2.1M
Fundraisingcol D$4.2M
Owns and owesPt X
$44.3M
net assets · Ln 32
Cash and savingsLn 1–2$20.0M
Total assetsLn 16$51.4M
LiabilitiesLn 26$7.1M
PeoplePt VI, VII
23
listed · VII A
PaidVII A9
Voting boardVI 1a15
IndependentVI 1b13
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$61.6M
Government grantsLn 1e$2.5M
Noncash giftsLn 1g$9.9M
Fundraising eventsLn 1c$1.8M
Investment incomeLn 3$325K
Gains on assetsLn 7$41K
Total revenueLn 12$62.0M
Assets in detailPt X, end of year
CashLn 1$17.4M
SavingsLn 2$2.7M
Cash and savings togetherLn 1–2$20.0M
InvestmentsLn 11–13$10.8M
Land, buildings, equipmentLn 10c$88K
Other assetsLn 15$293K
Total assetsLn 16$51.4M
LiabilitiesLn 26$7.1M
Net assetsLn 32$44.3M
OperationsPt I, VI
EmployeesI 578
VolunteersI 615,733
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY20End FY20
Cash and savingsLn 1–2$15.5M$20.0M
InvestmentsLn 11–13$5.7M$10.8M
Land, buildings, equipmentLn 10c$104K$88K
Total assetsLn 16$36.2M$51.4M
LiabilitiesLn 26$6.2M$7.1M
Net assetsLn 32$29.9M$44.3M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants and assistance to foreign recipientsLn 3$724K$724K
Pay of current officers, directors and key staffLn 5$869K$609K$228K$32K
Other salaries and wagesLn 7$23.6M$19.8M$970K$2.8M
Pension plan contributionsLn 8$290K$171K$29K$91K
Other employee benefitsLn 9$3.8M$3.5M$104K$280K
Payroll taxesLn 10$654K$417K$73K$165K
Legal feesLn 11b$57K$36K$9K$13K
Accounting feesLn 11c$273K$79K$153K$41K
Other fees for servicesLn 11g$1.7M$1.4M$72K$241K
Advertising and promotionLn 12$30K$30K
Office expensesLn 13$290K$283K$3K$4K
Information technologyLn 14$1.4M$1.3M$11K$113K
OccupancyLn 16$1.8M$1.4M$144K$256K
TravelLn 17$653K$604K$12K$37K
Conferences, conventions and meetingsLn 19$68K$66K$1K$495
Depreciation, depletion and amortizationLn 22$16K$10K$2K$3K
InsuranceLn 23$91K$69K$21K$1K
Other expenses (24a–d)Ln 24$10.4M$10.3M$11K$29K
All other expensesLn 24e$1.2M$909K$212K$89K
Total functional expensesLn 25$48.0M$41.7M$2.1M$4.2M

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $74.0M$64.6M$9.4M$80.7M 990 PDF
FY2024 $66.5M$62.9M$3.7M$68.2M 990 PDF
FY2023 $61.1M$65.0M−$3.9M$63.5M 990 PDF
FY2022 $59.4M$66.9M−$7.5M$63.5M 990 PDF
FY2021 $87.9M$59.5M$28.4M$74.2M 990 PDF
FY2020 Viewing $62.0M$48.0M$13.9M$44.3M 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2020 990 (6 parts)
Part I · Summary $61,954,261 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $59,968,360$61,649,102
I-9 Program service revenuePrior year $0$0
I-10 Investment incomePrior year $201,242$324,573
I-11 Other revenuePrior year −$331,907−$19,414
I-12 Total revenuePrior year $59,837,695$61,954,261
I-13 Grants and similar amounts paidPrior year $132,567$724,046
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $28,500,791$29,261,399
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $24,500,035$18,035,425
I-18 Total expensesPrior year $53,133,393$48,020,870
I-19 Revenue less expensesPrior year $6,704,302$13,933,391
Part VI · Governance 13 of 15 board members independent, no flags
VI-1a Voting members of the governing body15
VI-1b Independent voting members13
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $61,954,261 across 10 lines filed
VIII-1c Fundraising events$1,782,869
VIII-1e Government grants$2,486,923
VIII-1f All other contributions, gifts and grants$57,379,310
VIII-1g Noncash contributions (included above)$9,885,796
VIII-1h Total contributions, gifts and grants$61,649,102
VIII-3 Investment incomeExcluded from tax $283,526$283,526
VIII-7 Net gain or loss on sales of assetsExcluded from tax $41,047$41,047
VIII-8 Net income from fundraising eventsExcluded from tax −$61,062−$61,062
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $55,000 · Excluded from tax −$13,352$41,648
VIII-12 Total revenueRelated to mission $55,000 · Unrelated business $0 · Excluded from tax $250,159$61,954,261
Part IX · Statement of functional expenses $48,020,870 across 19 lines filed
IX-3 Grants and assistance to foreign recipientsPrograms $724,046$724,046
IX-5 Pay of current officers, directors and key staffPrograms $608,909 · Management $228,295 · Fundraising $32,114$869,318
IX-7 Other salaries and wagesPrograms $19,818,871 · Management $970,477 · Fundraising $2,815,902$23,605,250
IX-8 Pension plan contributionsPrograms $170,508 · Management $28,545 · Fundraising $90,821$289,874
IX-9 Other employee benefitsPrograms $3,458,430 · Management $104,101 · Fundraising $279,991$3,842,522
IX-10 Payroll taxesPrograms $416,580 · Management $72,899 · Fundraising $164,956$654,435
IX-11b Legal feesPrograms $35,608 · Management $9,161 · Fundraising $12,560$57,329
IX-11c Accounting feesPrograms $78,726 · Management $152,634 · Fundraising $41,310$272,670
IX-11g Other fees for servicesPrograms $1,431,993 · Management $72,360 · Fundraising $240,531$1,744,884
IX-12 Advertising and promotionFundraising $29,971$29,971
IX-13 Office expensesPrograms $283,356 · Management $2,819 · Fundraising $3,612$289,787
IX-14 Information technologyPrograms $1,252,028 · Management $10,589 · Fundraising $112,753$1,375,370
IX-16 OccupancyPrograms $1,441,161 · Management $143,753 · Fundraising $255,572$1,840,486
IX-17 TravelPrograms $604,283 · Management $12,320 · Fundraising $36,506$653,109
IX-19 Conferences, conventions and meetingsPrograms $66,425 · Management $1,376 · Fundraising $495$68,296
IX-22 Depreciation, depletion and amortizationPrograms $10,155 · Management $2,307 · Fundraising $3,460$15,922
IX-23 InsurancePrograms $68,731 · Management $20,626 · Fundraising $1,391$90,748
IX-24 Other expenses (24a–d)Programs $10,348,361 · Management $10,630 · Fundraising $28,684$10,387,675
IX-24e All other expensesPrograms $908,796 · Management $211,843 · Fundraising $88,539$1,209,178
IX-25 Total functional expensesPrograms $41,726,967 · Management $2,054,735 · Fundraising $4,239,168$48,020,870
Part X · Balance sheet $51,354,748 assets, 18 lines filed
X-1 Cash, non-interest-bearingStart of year $11,051,908$17,350,825
X-2 Savings and temporary cash investmentsStart of year $4,411,968$2,655,761
X-3 Pledges and grants receivableStart of year $12,222,856$16,401,115
X-4 Accounts receivableStart of year $284,685$204,425
X-8 Inventories for sale or useStart of year $1,359,650$2,671,905
X-9 Prepaid expenses and deferred chargesStart of year $790,404$852,383
X-10c Land, buildings and equipment, netStart of year $104,072$88,149
X-11 Publicly traded securitiesStart of year $5,653,732$10,837,238
X-15 Other assetsStart of year $288,456$292,947
X-16 Total assetsStart of year $36,167,731$51,354,748
X-17 Accounts payable and accrued expensesStart of year $449,722$565,886
X-19 Deferred revenueStart of year $2,832,805$1,973,086
X-25 Other liabilitiesStart of year $2,942,635$4,521,519
X-26 Total liabilitiesStart of year $6,225,162$7,060,491
X-27 Net assets without donor restrictionsStart of year $14,727,222$26,832,378
X-28 Net assets with donor restrictionsStart of year $15,215,347$17,461,879
X-32 Total net assets or fund balancesStart of year $29,942,569$44,294,257
X-33 Total liabilities and net assetsStart of year $36,167,731$51,354,748
Part XI · Reconciliation of net assets $44,294,257 net assets at year end
XI-1 Total revenue$61,954,261
XI-2 Total expenses$48,020,870
XI-3 Revenue less expenses$13,933,391
XI-4 Net assets at start of year$29,942,569
XI-5 Net unrealized gains (losses) on investments$102,670
XI-9 Other changes in net assets$315,627
XI-10 Net assets at end of year$44,294,257

Form 990 e-file (XML) FY2020 from the IRS · Classification, formation year and address from the IRS Business Master File

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