Ready To Succeed
- Assets
- $1.5m
- Revenue
- $2.2m
- Investments
- $0.0
- Employees
- 0
- Location
- Santa Monica, CA
- Founding
- 05/2019
- Data as of
- 06/2022
- EIN
- 83-2282113
Organization Overview
Ready To Succeed is located in Santa Monica, CA. The organization was established in 2019. According to its NTEE Classification (B99) the organization is classified as: Education N.E.C., under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Ready To Succeed 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, Ready To Succeed generated $2.2m in total revenue. This organization has experienced exceptional growth, as over the past 3 years, it has increased revenue by an average of 54.4% each year . All expenses for the organization totaled $1.8m during the year ending 06/2022. 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
TO EMPOWER FOSTER YOUTH IN COLLEGE TO GRADUATE AND LAUNCH MEANINGFUL CAREERS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
90% OF OUR SCHOLARS SECURED FULL TIME JOBS WITHIN 6 MONTHS OF GRADUATION; 92% OF OUR SCHOLARS SECURED PAID SUMMER INTERNSHIPS; 94% OF OUR SCHOLARS GRADUATED COLLEGE WITHIN 4.5 YEARS, 98% OF OUR SCHOLARS BECAME "CAREER READY" - BUILDING CORE SOFT SKILL COMPETENCIES AND 92% INCREASED THEIR SOCIAL CAPITAL AND ADDED 20+ PROFESSIONALS TO THEIR NETWORKS.
CAREER ACCELERATOR FOR FIRST GENERATION: THE CAREER ACCELERATOR FOR FIRST GENERATION COLLEGE STUDENTS LAUNCHED IN JANUARY 2021 AND WAS GENEROUSLY FUNDED BY THE RIC AND SUZANNE KAYNE FOUNDATION. THIS PROGRAM PROVIDES ALL OF THE COMPONENTS OF THE CAREER ACCELERATOR PROGRAM FOR FOSTER YOUTH WITH THE ADDITION OF DESIGNATED SCHOLARSHIP FUNDS AND A LOAN REPAYMENT PROGRAM. THE PARTICIPANTS OF THIS PROGRAM ARE ALL REQUIRED TO ATTEND CAL STATE AND UNIVERSITY OF CALIFORNIA SCHOOLS AND BE PURSUING CAREERS IN BUSINESS OR STEM RELATED INDUSTRIES.
THE YAC SCHOLARS (YOUTH ADVISORY COUNCIL): ARE A GROUP OF COLLEGE STUDENTS AND RECENT COLLEGE GRADUATES SELECTED BY THE SNAP FOUNDATION WHO ARE PURSUING CAREERS IN THE CREATIVE ECONOMY. THE RTS/YAC PROGRAM PROVIDES THE YAC MEMBERS WITH PERSONALIZED CAREER COACHING, ACCESS TO THE RTS NETWORK OF PROFESSIONALS, INDUSTRY FOCUSED WORKSHOPS AND JOB SEARCH ASSISTANCE. YAC SCHOLARS PARTICIPATE IN THIS PROGRAM FOR ONE YEAR AND GAIN THE KNOWLEDGE, SKILLS AND EXPERIENCES THEY NEED TO BEGIN OR CONTINUE THEIR CAREER JOURNEYS IN CREATIVE FIELDS.
CAREER ACCELERATOR FOR FOSTER YOUTH: AN INTENSIVE MENTORSHIP, PROFESSIONAL DEVELOPMENT, AND FINANCIAL ASSISTANCE PROGRAM TO HELP COLLEGE-GOING FOSTER YOUTH COMPLETE COLLEGE AND ESTABLISH THEMSELVES IN THE WORKFORCE. OUR UNIQUE APPROACH PROVIDES 1:1 MENTORSHIP, PROFESSIONAL NETWORKING, INTERNSHIP PLACEMENT, SOCIAL AND MENTAL HEALTH SUPPORTS, AND A SUPPORTIVE COMMUNITY OF PEERS. THIS INTEGRATED APPROACH ULTIMATELY RESULTS IN YOUTH PERSISTING IN AND GRADUATING FROM COLLEGE, AND SECURING CAREER TRACK JOBS, AND TAKING LEADERSHIP ROLES IN THEIR COMMUNITY.
PROJECT DORM ROOM: PROVIDES DORM ROOM PROVIDED DORM ROOM ESSENTIALS TO 90 FOSTER YOUTH - INCOMING FRESHMEN AND TRANSFER STUDENTS - ATTENDING UCLA AND CAL STATE LONG BEACH. STUDENTS RECEIVED SUPPLIES AND GIFT CARDS TO PURCHASE ADDITIONAL ITEMS WORTH OVER $500 TO ENSURE THEY HAD EVERYTHING THEY NEEDED TO BEGIN THEIR COLLEGE JOURNEY FEELING SUPPORTED AND CARED FOR.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Elizabeth Friedman Chair | OfficerTrustee | 1 | $0 |
Todd Kessler Vice-Chair | OfficerTrustee | 2 | $0 |
Robbin Steif Treasurer | OfficerTrustee | 1 | $0 |
Karen Kehela Sherwood Secretary | OfficerTrustee | 1 | $0 |
Fred Bennett Director | Trustee | 1 | $0 |
Alyssa Lanz Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $132,547 |
| Related organizations | $0 |
| Government grants | $59,200 |
| All other contributions, gifts, grants, and similar amounts not included above | $2,110,173 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,242,720 |
| Total Program Service Revenue | $0 |
| Investment income | $1 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | -$6,990 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,235,730 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $423,674 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $168,614 |
| Compensation of current officers, directors, key employees. | $33,723 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $601,756 |
| Pension plan accruals and contributions | $13,249 |
| Other employee benefits | $52,513 |
| Payroll taxes | $63,409 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $991 |
| Fees for services: Accounting | $10,762 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $34,750 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $155,185 |
| Advertising and promotion | $36,824 |
| Office expenses | $67,810 |
| Information technology | $56,049 |
| Royalties | $0 |
| Occupancy | $48,800 |
| Travel | $604 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $5,076 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $7,348 |
| All other expenses | $0 |
| Total functional expenses | $1,841,246 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,121,319 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $298,625 |
| 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 | $3,200 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $31,048 |
| Total assets | $1,450,992 |
| Accounts payable and accrued expenses | $262,686 |
| 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 | $262,686 |
| Net assets without donor restrictions | $771,764 |
| Net assets with donor restrictions | $416,542 |
| 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 | $1,450,992 |