Project Ready
- Assets
- $545.3k
- Revenue
- $2.7m
- Investments
- $0.0
- Employees
- 42
- Location
- Newark, NJ
- Founding
- Data as of
- 06/2022
- EIN
- 86-1236556
Organization Overview
Project Ready is located in Newark, NJ. According to its NTEE Classification (B01) the organization is classified as: Alliances & Advocacy, under the broad grouping of Education and related organizations. As of 06/2022, Project Ready employed 42 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Project Ready is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
WE STRIVE TO CREATE A WORLD IN WHICH NO COMMUNITY IS LEFT VOICELESS. WE BELIEVE ALL COMMUNITY MEMBERS, FROM CHILDREN TO ADULTS, SHOULD BE CIVICALLY EDUCATED AND HAVE PROPER ACCESS TO VOTING PRACTICES; THEREBY BEING POWERED TO DISRUPT SYSTEMS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROJECT READY LED SEVERAL CAMPAIGNS TO INCREASE CIVIC ENGAGEMENT AND VOTER ACTIVATION. THE ORGANIZATION ALSO LED EFFORTS TO INCREASE PUBLIC AWARENESS SURROUNDING THE IMPORTANCE OF COVID VACCINATION. THE ADVOCACY INITIATIVES YIELDED A 42% INCREASE IN VOTER PARTICIPATION FROM PROJECT READY MEMBERS. PROJECT READY ALSO LED SEVERAL PUBLIC RESEARCH POLLS USED AND SHARED WITH PARTNERS TO DRIVE POLICY CHANGES IN EDUCATION, HEALTH CARE, AND ECONOMICS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Shennell Mccloud Executive Director/ceo | OfficerTrustee | 30 | $92,217 |
Nayibe Capellan Chief Of Staff | OfficerTrustee | 34 | $63,192 |
Karin Gerald COO | OfficerTrustee | 32 | $58,324 |
Patrick Terborg Chair | OfficerTrustee | 0.25 | $0 |
Kyle Rosenkrans Treasurer | OfficerTrustee | 0.25 | $0 |
Paula White Secretary | OfficerTrustee | 0.17 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Jasmine Morrison Support With Parent Voter Awareness | 6/29/22 | $117,602 |
50can Inc Education Advocacy Support | 6/29/22 | $214,658 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $62,000 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $2,644,557 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,706,557 |
| Total Program Service Revenue | $0 |
| Investment income | $2,591 |
| 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 | $2,709,148 |
| 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. | $484,558 |
| Compensation of current officers, directors, key employees. | $366,198 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $317,535 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $80,749 |
| Payroll taxes | $63,426 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $4,354 |
| Fees for services: Accounting | $25,766 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $771,703 |
| Advertising and promotion | $108,283 |
| Office expenses | $23,414 |
| Information technology | $29,667 |
| Royalties | $0 |
| Occupancy | $42,021 |
| Travel | $38,339 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $2,633 |
| All other expenses | $0 |
| Total functional expenses | $2,215,250 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $403,395 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $109 |
| 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 | $138,588 |
| Total assets | $545,292 |
| Accounts payable and accrued expenses | $51,619 |
| 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 | $51,619 |
| Net assets without donor restrictions | $493,659 |
| Net assets with donor restrictions | $14 |
| 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 | $545,292 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that Project Ready has recieved totaling $2,618,056.
| Awarding Organization | Amount |
|---|---|
New Jersey Childrens Foundation Newark, NJ PURPOSE: TO SUPPORT PROJECT READY PROGRAMS. | $1,517,056 |
Great Schools For All Inc Newark, NJ PURPOSE: THIS GRANT IS FOR THE EXCLUSIVE PURPOSE OF SUPPORTING PROJECT READY'S CHARITABLE, SCIENTIFIC, OR EDUCATIONAL ACTIVITIES. | $1,100,000 |
Carl & Renee Cohen Foundation Inc New York, NY PURPOSE: GENERAL PURPOSE | $1,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
American Dairy Assn & Dairy Council Of Ny Inc Empire Building North Syracuse, NY | $7,719,519 | $19,494,429 |
Nj Assoc Of School Administrators Corp Trenton, NJ | $2,166,473 | $2,484,430 |
Consortium For Public Education Mckeesport, PA | $8,617,979 | $3,033,681 |
The Pittsburgh High Technology Council Pittsburgh, PA | $3,558,028 | $3,049,569 |
New York State Council Of School Superintendents Albany, NY | $5,077,642 | $3,046,665 |
Project Ready Newark, NJ | $545,292 | $2,709,148 |
Associated Builders And Contractors Inc East Syracuse, NY | $1,910,207 | $2,380,603 |
Maritime Exchange For The Delaware River And Bay Philadelphia, PA | $9,242,868 | $2,750,481 |
Fellowship Bmec Inc Philadelphia, PA | $3,935,912 | $4,831,352 |
Reading League Syracuse, NY | $2,958,965 | $2,169,026 |
New York State Restaurant Assn Inc Albany, NY | $6,584,499 | $1,643,871 |
Unschooled The Movement Inc Newtown Square, PA | $44,450 | $1,311,519 |