Ready To Succeed
- Assets
- $763.4k
- Revenue
- $435.5k
- Investments
- $0.0
- Employees
- 0
- Location
- Santa Monica, CA
- Founding
- 05/2019
- Data as of
- 06/2021
- 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 06/2021, Ready To Succeed generated $435.5k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 3 years, the organization has seen revenues fall by an average of (10.5%) each year. All expenses for the organization totaled $446.1k during the year ending 06/2021. 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
2021
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.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Todd Kessler Vice-Chair | OfficerTrustee | 2 | $0 |
Robbin Steif Treasurer | OfficerTrustee | 1 | $0 |
Elizabeth Friedman Chair | OfficerTrustee | 1 | $0 |
Karen Kehela Sherwood Secretary | OfficerTrustee | 1 | $0 |
Romi Lassally Co-Executive Director | Officer | 40 | $0 |
Patrick Mccabe Co-Executive Director | Officer | 40 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $59,200 |
| All other contributions, gifts, grants, and similar amounts not included above | $376,277 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $435,477 |
| 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 | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $435,478 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $32,905 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $51,742 |
| Compensation of current officers, directors, key employees. | $9,189 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $173,759 |
| Pension plan accruals and contributions | $450 |
| Other employee benefits | $2,657 |
| Payroll taxes | $20,131 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $1,390 |
| Fees for services: Accounting | $5,166 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $58,502 |
| Advertising and promotion | $1,400 |
| Office expenses | $10,068 |
| Information technology | $10,314 |
| Royalties | $0 |
| Occupancy | $19,200 |
| Travel | $604 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $5,216 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $1,436 |
| All other expenses | $0 |
| Total functional expenses | $446,093 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $735,163 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $25,000 |
| 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 | $0 |
| Total assets | $763,363 |
| Accounts payable and accrued expenses | $28,030 |
| 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 | $28,030 |
| Net assets without donor restrictions | $653,065 |
| Net assets with donor restrictions | $82,268 |
| 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 | $763,363 |
Grants Recieved
Over the last fiscal year, we have identified 4 grants that Ready To Succeed has recieved totaling $33,240.
| Awarding Organization | Amount |
|---|---|
Pg Penske Foundation Inc El Monte, CA PURPOSE: GENERAL | $25,000 |
Alex J Ettl Foundation Malibu, CA PURPOSE: SUPPORT | $5,000 |
David & Ruth Gorton Family Charitable Foundation Inc Sarasota, FL PURPOSE: EDUCATION | $2,740 |
Erica Wertheim Zohar Family Foundation Inc Miami, FL PURPOSE: PROVIDE FOSTER-IMPACTED YOUTH AND FIRST GENERATION COLLEGE STUDENTS WITH PERSONAL AND CAREER COACHING, ACCESS TO PROFESSIONAL NETWORKS, PAID INTERNSHIPS, MENTAL HEALTH SUPPORT | $500 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Kipp Foundation San Francisco, CA | $136,274,072 | $130,699,963 |
The Chicago School - California Inc Los Angeles, CA | $127,785,110 | $98,235,232 |
Social Good Fund Richmond, CA | $64,387,201 | $85,650,973 |
Avid Center San Diego, CA | $134,506,037 | $61,146,519 |
Khan Academy Inc Mountain View, CA | $115,035,528 | $59,263,743 |
California School Employees Association San Jose, CA | $160,720,307 | $80,296,309 |
Prager University Foundation Sherman Oaks, CA | $86,724,321 | $65,499,557 |
The Oakland Public Education Fund Oakland, CA | $29,835,630 | $28,210,005 |
Unicare Community Health Center Inc Ontario, CA | $12,734,998 | $31,780,162 |
Spectrum Healthcare Group Inc Cottonwood, AZ | $17,862,058 | $29,292,227 |
University Studies Abroad Consortium Reno, NV | $41,233,258 | $28,044,577 |
Califa Group San Francisco, CA | $13,975,341 | $20,958,873 |