Civic Intelligence

Connecticut Council for Education Reform Inc

990 • Fiscal year 2024 • EIN 27-4704040

Jul 01, 2023 to Jun 30, 2024 • Filed on Apr 03, 2025

Organization ProfileWWW.READYCT.ORG

View Organization Page

350 Church StreetHartford, CT 06103

(860) 244-1109

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

82nd percentile

0.56x

Higher debt load relative to assets than 82% of similar nonprofits.

2024 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2024

Liabilities / Revenue

77th percentile

0.59x

Higher debt load relative to revenue than 77% of similar nonprofits.

2024 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2024

Net Margin

67th percentile

14%

Higher net margin than 67% of similar nonprofits.

2024 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2024

Top Officer Pay

83rd percentile

$250,842

Higher top officer pay than 83% of similar nonprofits.

Top officer pay equals 4.2% of source-year revenue.

2024 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2024

Asset Growth

97th percentile

126%

Faster asset growth than 97% of similar nonprofits.

2024 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2023 to 2024

Revenue Growth

86th percentile

60%

Faster revenue growth than 86% of similar nonprofits.

2024 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2023 to 2024

Balance Sheet
Liabilities / Assets82nd percentile

Assets

Up

$6,346,659

Up $3,532,956 (+126%) from 2023

Net Assets

Up

$2,792,741

Up $818,801 (+41%) from 2023

Liabilities

Up

$3,553,918

Up $2,714,155 (+323%) from 2023

Revenue And Expenses
Liabilities / Revenue77th percentileNet Margin67th percentile

Revenue

Up

$5,998,405

Up $2,254,852 (+60%) from 2023

Expenses

Up

$5,179,604

Up $1,693,624 (+49%) from 2023

Net Income

Up

$818,801

Up $561,228 (+218%) from 2023

Historical Trend

Balance Sheet Trend

Asset Growth97th percentile

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$8.0M$6.0M$4.0M$2.0M$0Assets 2012: $2,213,598Liabilities 2012: $31,384Net Assets 2012: $2,182,2142012Assets 2014: $2,576,985Liabilities 2014: $20,288Net Assets 2014: $2,556,6972014Assets 2015: $1,889,200Liabilities 2015: $22,557Net Assets 2015: $1,866,6432015Assets 2016: $1,647,253Liabilities 2016: $87,271Net Assets 2016: $1,559,9822016Assets 2017: $1,091,260Liabilities 2017: $22,373Net Assets 2017: $1,068,8872017Assets 2018: $709,176Liabilities 2018: $15,826Net Assets 2018: $693,3502018Assets 2021: $1,719,659Liabilities 2021: $253,531Net Assets 2021: $1,466,1282021Assets 2022: $1,875,248Liabilities 2022: $158,881Net Assets 2022: $1,716,3672022Assets 2023: $2,813,703Liabilities 2023: $839,763Net Assets 2023: $1,973,9402023Assets 2024: $6,346,659Liabilities 2024: $3,553,918Net Assets 2024: $2,792,7412024

Highlighted filing

2024

Assets$6,346,659
Liabilities$3,553,918
Net Assets$2,792,741
Open 2024 Filing

Operations Trend

Revenue Growth86th percentile

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$6.0M$4.0M$2.0M$0-$2.0MExpenses 2012: $1,319,2502012Revenue 2014: $729,906Expenses 2014: $1,169,597Net Income 2014: -$439,6912014Revenue 2015: $605,729Expenses 2015: $1,295,783Net Income 2015: -$690,0542015Revenue 2016: $893,787Expenses 2016: $1,200,448Net Income 2016: -$306,6612016Revenue 2017: $364,213Expenses 2017: $855,308Net Income 2017: -$491,0952017Revenue 2018: $104,959Expenses 2018: $480,496Net Income 2018: -$375,5372018Revenue 2021: $1,687,275Expenses 2021: $1,542,610Net Income 2021: $144,6652021Revenue 2022: $2,265,987Expenses 2022: $2,015,748Net Income 2022: $250,2392022Revenue 2023: $3,743,553Expenses 2023: $3,485,980Net Income 2023: $257,5732023Revenue 2024: $5,998,405Expenses 2024: $5,179,604Net Income 2024: $818,8012024

Highlighted filing

2024

Revenue$5,998,405
Expenses$5,179,604
Net Income$818,801
Open 2024 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2023 to Jun 30, 2024
Signed
Apr 3, 2025
Return Version
2023v6.0
Gross Receipts
$5,998,405
Mission and Program Overview

Mission

The connecticut council for education reform, inc. Is a statewide non-profit education organization that works on behalf of business and civic leaders in support of comprehensive education reforms designed to close the achievement gap, while raising academic outcomes for all students.

Readyct works to advance academic excellence and career-connected learning for all public school students in connecticut through collaboration with business, civic, and education leaders.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$2,036,764$4,609,791▲ $2,573,027
Pledges and Grants Receivable$150,000$1,031,840▲ $881,840
Accounts Receivable$300,852$410,823▲ $109,971
Prepaid Expenses and Deferred Charges$14,990$40,345▲ $25,355
Total Assets$2,813,703$6,346,659▲ $3,532,956
Other Assets Total$311,097$253,860▼ $57,237
Liabilities
Deferred Revenue$427,625$2,924,255▲ $2,496,630
Accounts Payable and Accrued Expenses$101,041$382,086▲ $281,045
Other Liabilities$311,097$247,577▼ $63,520
Total Liabilities$839,763$3,553,918▲ $2,714,155
Net Assets / Fund Balance
Net Assets With Donor Restrictions$704,935$1,563,749▲ $858,814
Net Assets Without Donor Restrictions$1,269,005$1,228,992▼ $40,013
Total Net Assets Fund Balance$1,973,940$2,792,741▲ $818,801
Total Liabilities and Net Assets / Fund Balance$2,813,703$6,346,659▲ $3,532,956
Compensation and Service Providers
Top Officer Pay83rd percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Shannon M MarimonExecutive DirectorFT$238,254$12,588$250,842
Sheryl McnameeDeputy DirectorFT$144,475$8,453$152,928
Malia SieveDirector of Career PathwaysFT$134,450-$134,450
Nailah Abdul-rahmanDirector of Student 5.0FT$131,000-$131,000
Gloria Ortiz RiveraDirector of Quality & InnovationFT$114,000$5,715$119,715
Yvette MoralesCareer Pathways Program ManagerFT$104,596-$104,596

Board Members and Trustees

NameTitle
Jeff AukerChairman
Rick SharmaVice Chairman
Alan SchnitzerDirector
Andrew BondDirector
Beth ReganDirector
Christopher DipentimaDirector
Dave SmithDirector
Donna GalluzzoDirector
Fran RabinowitzDirector
Gladis KersaintDirector
Gordon HuiDirector
Jason HoweyDirector
Jason TrujilloDirector
Jeffrey a KlausDirector
Mark ScheinbergDirector
Matt McspedonDirector
Melanie TuckerDirector
Melissa TurnerDirector
Michael Van LeestenDirector
Ron UtterbeckDirector
Tracy ChurchDirector
William GinsbergDirector
William T BrownDirector
Marinka NataleSecretary/treasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$4,428,399
Program Service Revenue
$1,553,493
Investment Income
$13,448
Other Revenue
$3,065
All Other Contributions
$2,842,566
Change in Net Assets
$818,801

Audited Revenue Reconciliation

Revenue per Audited Statements
$5,998,405
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$5,998,405
Total Revenue per Form 990
$5,998,405
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$3,493,710
Other Expenses$1,685,894
Total Fundraising Expense$16,152
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$2,634,436$133,123$3,649$2,771,208
Current Officers, Directors, Trustees, and Key Employees$235,464$24,081$8,027$267,572
Payroll Taxes$238,200$13,004$973$252,177
Other Employee Benefits$39,924$116,810-$156,734
Fees for Services Other$150,599$914-$151,513
Office Expenses$28,558$61,079-$89,637
Fees for Services Accounting-$75,315-$75,315
Pension Plan Contributions$3,826$42,193-$46,019
Information Technology$20,545$23,735-$44,280
Insurance$10,991$19,081-$30,072
Fees for Services Legal-$6,050-$6,050
Travel$2,778$1,135-$3,913
Conferences and Meetings--$3,503$3,503
Other Expenses$1,243,334$1,962-$1,962
Total Functional Expenses$4,608,655$554,797$16,152$5,179,604

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$5,179,604
Total Expenses per Audited Statements$5,179,604
Total Expenses per Form 990$5,179,604
Expenses Not Reported on Financial Statements$0
Expenses Not Reported on Form 990$0
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
Yes
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Right of Use Liability - Operating$247,577
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, Line 8B

“There are no committees with the authority to act on behalf of the board.”

Form 990, Part VI, Section B, Line 11B

“All board and finance committee members receive a copy of the 990 to review before it is filed.”

Form 990, Part VI, Section B, Line 12C

“Readyct, inc. Regularly and consistently monitored and enforced compliance with the conflict of interest policy by requiring all officers, directors, trustees and key employees to report annually on whether or not they have any potential conflicts. Each reported conflict and potential conflict are reviewed and resolved by the board chair and executive director as appropriate.”

Form 990, Part VI, Section B, Line 15

“The board compensation committee utilized a compensation analysis to determine the executive director's compensation. The board compensation committee engaged in deliberations before deciding the executive director's compensation. This process last occurred in 2024. There are no other paid officers or key employees.”

Form 990, Part VI, Section C, Line 19

“The organization makes its governing documents, conflict of interest policy and finacial statements available to the public upon request.”

Filing and Contact Details

Filer

Filer Name
Readyct Inc
EIN
27-4704040
Phone
8602441109
Address
350 CHURCH STREET, HARTFORD, CT 06103

Signing Officer

Name
Shannon Marimon
Title
Executive Director
Phone
8602441102
Signed
2025-04-03
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Shannon Marimon
Formed
2011
Legal Domicile
Ct
Voting Board Members
24
Independent Board Members
24
Employees
48
Volunteers
250

Preparer

Firm
Cliftonlarsonallen
Address
29 SOUTH MAIN STREET 4TH FLOOR, WEST HARTFORD, CT 06107
Preparer
Nicole Lee
Phone
8605614000
Raw XML AppendixShowing 400 of 649 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990/ActivityOrMissionDesc0READYCT WORKS TO ADVANCE ACADEMIC EXCELLENCE AND CAREER-CONNECTED LEARNING FOR ALL PUBLIC SCHOOL STUDENTS IN CONNECTICUT THROUGH COLLABORATION WITH BUSINESS, CIVIC, AND EDUCATION LEADERS.
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IRS990/Desc0FOR THE 2023-24 ACADEMIC YEAR, READYCT OPERATED 17 CAREER PATHWAYS IN 11 SCHOOL BUILDINGS IN FIVE MUNICIPALITIES, WITH TEAM MEMBERS MANAGING AND/OR OFFERING WORK-BASED LEARNING COORDINATION ACROSS 18 CAREER PATHWAY PROGRAMS (CPP). READYCT ALSO SUPPORTED A PROJECT IN EASTERN CT FOCUSED ON SUPPORTING YOUTH MANUFACTURING AND HEALTHCARE PIPELINES, REACHING NEARLY 20 SCHOOLS. ALL CPP FOCUSES ON BRINGING BUSINESS PROFESSIONALS AND COMMUNITY-BASED PARTNERS INTO THE SCHOOL IN WAYS THAT COMPLEMENT THEMED COURSEWORK AND HELP STUDENTS UNDERSTAND CAREER OPPORTUNITIES AVAILABLE TO THEM. AS WELL, THE CPP EXPERIENCE PREPARES STUDENTS FOR THOSE OPPORTUNITIES, WHETHER THEY PURSUE CONTINUED EDUCATION/TRAINING OR GO DIRECTLY INTO THE WORKFORCE. READYCT CPP IS SPECIFICALLY DESIGNED TO ALIGN WITH CONNECTICUT'S HIGH-GROWTH, HIGH-DEMAND INDUSTRIES. CURRENT THEMES INCLUDE BUSINESS/FINANCIAL SERVICES, COMPUTER SCIENCE, ENGINEERING/GREEN TECHNOLOGY, HEALTHCARE, INFORMATION TECHNOLOGY, INSURANCE/FINANCIAL SERVICES, MANUFACTURING, AND PUBLIC SERVICE.A CORE COMPONENT OF PROGRAMMING IS STUDENTS' CAREER PREPARATION EXPERIENCE, SO CPP ALSO INCLUDES A WORK-READINESS CURRICULUM THAT HELPS STUDENTS LEARN AND APPLY SKILLS SUCH AS TIME MANAGEMENT, PROFESSIONAL COMMUNICATIONS, PERSONAL BRANDING, WORKPLACE ETIQUETTE, RESUME WRITING, AND INTERVIEWING. FOR MANY STUDENTS, THE CPP EXPERIENCE CULMINATES WITH A PAID INTERNSHIP EXPERIENCE ALIGNED WITH THEIR CAREER PATHWAY THEME. SOME OF THE STATE'S LARGEST EMPLOYERS HOST READYCT INTERNS, INCLUDING HARTFORD HEALTHCARE, TRAVELERS, PRATT & WHITNEY, AND EY. AS WELL, MID-SIZED AND SMALLER, FAMILY-OWNED COMPANIES WELCOME READYCT INTERNS, YEAR AFTER YEAR. FOR 2023-24, OVER 600 STUDENTS HAD HIGH-QUALITY PAID INTERNSHIPS WITH READYCT AS A RESULT OF THEIR CAREER READINESS TRAINING.OTHER READYCT PROGRAMMING ALIGNED WITH CAREER READINESS FOR YOUTH INCLUDE STUDENT 5.0 (FOR HIGH SCHOOL SENIORS GRADUATING WITHOUT A POSTSECONDARY PLAN); FIRST ROBOTICS (TO SUPPORT ENGINEERING AND ROBOTICS COMPETITIONS AND EXPAND ACCESS TO ROBOTICS PROGRAMMING STATEWIDE); THE LIEUTENANT GOVERNOR'SCOMPUTING CHALLENGE; G.R.I.T. (AN INTERNSHIP PROGRAM FOR YOUNGER HIGH SCHOOL STUDENTS); AND F.R.Y.A. (A FIRST RESPONDERS PIPELINE DEVELOPMENT PROGRAM).READYCT PROGRAMMING FOCUSES CHIEFLY ON UNDERSERVED STUDENTS, TYPICALLY LOW-INCOME STUDENTS, DISPROPORTIONATELY REPRESENTED BY STUDENTS OF COLOR. A LARGE MAJORITY OF STUDENTS IN READYCT PROGRAMMING REPORT NAVIGATING ADVERSITY, INCLUDING FOOD INSECURITY, UNSTABLE HOUSING, POVERTY, AND DOMESTIC AND COMMUNITY VIOLENCE. AS A RESULT, READYCT SERVES AS A STABLE AND POSITIVE PRESENCE, HELPING STUDENTS ENVISION WHAT THEY WANT TO BECOME AND HOW TO GET THERE.
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IRS990/Form990PartVIISectionAGrp/TitleTxt16DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt17DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt18DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt19DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt20DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt21DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt22DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt23DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt24EXECUTIVE DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt25DEPUTY DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt26DIRECTOR OF STUDENT 5.0
IRS990/Form990PartVIISectionAGrp/TitleTxt27CAREER PATHWAYS PROGRAM MANAGER
IRS990/Form990PartVIISectionAGrp/TitleTxt28DIRECTOR OF QUALITY & INNOVATION
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Document Assets

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Filings

Displayed year

2024 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$6,346,659
Liabilities
$3,553,918
Net assets
$2,792,741
Revenue
$5,998,405
Expenses
$5,179,604
Net income
$818,801
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$6.35$3.55$2.79$6.00$5.18$0.82
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.81$0.84$1.97$3.74$3.49$0.26
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.88$0.16$1.72$2.27$2.02$0.25
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.72$0.25$1.47$1.69$1.54$0.14
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.71$0.02$0.69$0.10$0.48$0.38
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.09$0.02$1.07$0.36$0.86$0.49
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.65$0.09$1.56$0.89$1.20$0.31
2015Detailed filing. Detailed filing data is available for this year.$1.89$0.02$1.87$0.61$1.30$0.69
2014Detailed filing. Detailed filing data is available for this year.$2.58$0.02$2.56$0.73$1.17$0.44
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.21$0.03$2.18$1.32
Peer Organizations

Similar nonprofits based on the same Siviq industry and scale cohort. 2024 filings • 501(c)3 • $5M-$10M nonprofits