Readiness Center Inc
- Assets
- $2.5m
- Revenue
- $338.8k
- Investments
- $0.0
- Employees
- 6
- Location
- Benton Harbor, MI
- Founding
- 09/1985
- Data as of
- 06/2022
- EIN
- 38-2589535
Organization Overview
Readiness Center Inc is located in Benton Harbor, MI. The organization was established in 1985. According to its NTEE Classification (P33) the organization is classified as: Child Day Care, under the broad grouping of Human Services and related organizations. As of 06/2022, Readiness Center Inc employed 6 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Readiness Center Inc 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 06/2022, Readiness Center Inc generated $338.8k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 0.0% each year. All expenses for the organization totaled $316.5k during the year ending 06/2022. While expenses have increased by 2.4% per year over the past 7 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE READINESS CENTER, INC. IS ENGAGED IN PROVIDING A VARIETY OF EDUCATIONAL OPPORTUNITIES TO FOSTER SELF-ESTEEM IN PARENTS AND CHILDREN.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PRESCHOOL - 30 CHILDREN PARTICIPATE IN A PRESCHOOL SETTING LEARNING READINESS SKILLS. THE PARENTS ARE PRIMARY TEACHERS.
ADULT EDUCATION - 32 PARENTS PARTICIPATE IN CRAFT, SEWING, COMPUTER, PARENTING OR OTHER CLASSES.
CITY KIDS - AFTER SCHOOL PROGRAM WITH 24 CHILDREN PARTICIPATING IN A HOMEWORK ASSISTANCE AND VIOLENCE PREVENTION PROGRAM.
TEEN VOLUNTEER WORK 50/50 PROGRAM - 7 TEENS WORKED AS MENTORS IN THE CITY KIDS PROGRAM, LEARNING NEEDED JOB SKILLS. THEY ARE PAID FOR 50% OF THEIR TIME AND VOLUNTEER THE REST.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Martha Thieneman Executive Director | OfficerTrustee | 60 | $62,308 |
Jalicia Brown Director (part Year) | Trustee | 1 | $3,356 |
Emmanuel Pean President | OfficerTrustee | 2 | $0 |
Lynn Kalamaros Vice President | OfficerTrustee | 1 | $0 |
John Kim Treasurer | OfficerTrustee | 1 | $0 |
Allie Kibbler-Campbell Secretary | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $17,600 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $280,283 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $297,883 |
| Total Program Service Revenue | $0 |
| Investment income | $37,774 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $3,125 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $338,782 |
| 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 | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $65,664 |
| Compensation of current officers, directors, key employees. | $12,177 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $134,863 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $28,235 |
| Payroll taxes | $14,826 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $8,700 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $13,782 |
| Fees for services: Other | $2,379 |
| Advertising and promotion | $0 |
| Office expenses | $11,357 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $4,070 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,087 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $712 |
| Insurance | $8,051 |
| All other expenses | $132 |
| Total functional expenses | $316,471 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $529,151 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| 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 | $5,271 |
| Net Land, buildings, and equipment | $11,477 |
| Investments—publicly traded securities | $1,460,375 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $501,180 |
| Total assets | $2,507,454 |
| Accounts payable and accrued expenses | $5,165 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $0 |
| Total liabilities | $5,165 |
| Net assets without donor restrictions | $2,502,289 |
| 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 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $2,507,454 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Readiness Center Inc has recieved totaling $69,659.
| Awarding Organization | Amount |
|---|---|
Berrien Community Foundation Inc St Joseph, MI PURPOSE: GENERAL SUPPORT, RESILIENCY & SOCIAL EMOTIONAL LEARNING, CAROLYN'S KIDS | $69,659 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Early Learning Indiana Inc Indianapolis, IN | $99,366,858 | $103,290,512 |
Miami Valley Child Development Centers Inc Dayton, OH | $11,000,708 | $39,221,090 |
Child Development Council Of Franklin County Columbus, OH | $14,978,695 | $30,319,189 |
Horizon Education Centers North Olmsted, OH | $18,012,561 | $15,661,118 |
Mid-Michigan Child Care Centers Inc Freeland, MI | $1,154,182 | $9,904,930 |
Comprehensive Community Child Care Organization Inc Cincinnati, OH | $5,282,302 | $9,574,418 |
Encompass Early Education And Care Inc Green Bay, WI | $8,419,390 | $8,397,899 |
Tippecanoe County Child Care Inc Lafayette, IN | $4,482,295 | $9,627,858 |
Early Childhood Alliance Inc Fort Wayne, IN | $6,420,930 | $9,413,804 |
St Joseph Academy Inc Milwaukee, WI | $7,083,434 | $6,157,567 |
Potential Development Program Youngstown, OH | $5,230,376 | $7,321,839 |
Wisconsin Youth Company Inc Madison, WI | $3,766,489 | $5,762,746 |