Ready For School Initiative Inc
- Assets
- $183.8k
- Revenue
- $255.5k
- Investments
- $0.0
- Employees
- 2
- Location
- Olney, MD
- Founding
- Data as of
- 06/2023
- EIN
- 88-3339310
Organization Overview
Ready For School Initiative Inc is located in Olney, MD. According to its NTEE Classification (B99) the organization is classified as: Education N.E.C., under the broad grouping of Education and related organizations. As of 06/2023, Ready For School Initiative Inc employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Ready For School Initiative Inc 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
THE READY FOR SCHOOL INITIATIVE WORKS TO BOOST SCHOOL FUNDING, IMPROVE DATA ON WHERE RESOURCES CAN GO THE FURTHEST, AND ENSURE EVERY STUDENT ARRIVES TO CLASS HUNGER-FREE AND READY TO LEARN.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SCHOOL SUPPLY REIMBURSEMENT PROGRAM: PURPOSE: INCENTIVIZE FAMILIES TO APPLY FOR THE FREE AND REDUCED-PRICE MEALS SERVICE (FARMS) PROGRAM WITH A "SCHOOL SUPPLY REIMBURSEMENT" DIRECT CASH TRANSFER. ACCOMPLISHMENT: DISTRIBUTED 500 SCHOOL SUPPLY REIMBURSEMENTS TO MEMBERS OF THE COMMUNITY.
PUBLIC AWARENESS CAMPAIGN: PURPOSE: HIGHLIGHT THE IMPORTANCE OF FILLING OUT A FARMS APPLICATION AND ADDRESS COMMON CONCERNS ABOUT THE PROGRAM. ACCOMPLISHMENT: OUR TARGETED PUBLIC SERVICE ADVERTISEMENTS WERE VIEWED 1,407,958 TIMES BY FAMILIES IN MONTGOMERY COUNTY. IN TOTAL, 70,288 STUDENTS ARE NOW SIGNED UP FOR FARMS WHICH IS 43.52% OF THE MONTGOMERY COUNTY STUDENT BODY (COMPARED TO THE LAST SCHOOL YEAR WITH 62,962 STUDENTS SIGNED UP AMOUNTING TO 39.51% OF THE STUDENT BODY).
TARGETED SCHOOL FUNDING CAMPAIGN: PURPOSE: WORK WITH COMMUNITY LEADERS AND PTAS ON A LAST-PUSH EFFORT AT SCHOOLS THAT ARE RIGHT ON THE BORDER OF SIGNING UP ENOUGH STUDENTS FOR FARMS TO RECEIVE ADDITIONAL FUNDING FROM THE STATE. ACCOMPLISHMENTS: NINE ADDITIONAL SCHOOLS REACHED THE 40% THRESHOLD NECESSARY TO RECEIVE ADDITIONAL STATE FUNDING TO OFFER UNIVERSAL BREAKFAST TO ALL STUDENTS (EIGHT ELEMENTARY SCHOOLS AND ONE MIDDLE SCHOOL). 5,000 MORE STUDENTS WILL BENEFIT FROM THIS ADDITIONAL FUNDING.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Matthew Post President | OfficerTrustee | 17 | $4,423 |
Michael Solomon Treasurer | OfficerTrustee | 0.1 | $0 |
Jill Ortman-Fouse Member | Trustee | 0.1 | $0 |
Tabitha Escalante Member | Trustee | 0.1 | $0 |
Nate Tinbite Member | Trustee | 0.1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $255,514 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $255,514 |
| Total Program Service Revenue | $0 |
| Investment income | $0 |
| 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 | $255,514 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $20,040 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $7,962 |
| Compensation of current officers, directors, key employees. | $2,787 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $16,539 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $2,030 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $5,765 |
| Fees for services: Accounting | $500 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $164 |
| Advertising and promotion | $15,035 |
| Office expenses | $0 |
| Information technology | $1,096 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| 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 | $1,318 |
| All other expenses | $0 |
| Total functional expenses | $72,020 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $183,387 |
| Savings and temporary cash investments | $0 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $459 |
| Total assets | $183,846 |
| Accounts payable and accrued expenses | $0 |
| 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 | $352 |
| Total liabilities | $352 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $183,494 |
| 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 | $183,846 |