Civic Intelligence

Ready Inc.

990EZ • Fiscal year 2022 • EIN 35-2695486

Jan 01, 2022 to Dec 31, 2022 • Filed on Oct 23, 2023

139 Orange St Suite 401New Haven, CT 06510

(203) 902-0745

Siviq Scores

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

Liabilities / Assets

98th percentile

3.37x

Higher debt load relative to assets than 98% of similar nonprofits.

2022 filings • 501(c)3 • <$500k nonprofits • Source year 2022

Liabilities / Revenue

81st percentile

0.09x

Higher debt load relative to revenue than 81% of similar nonprofits.

2022 filings • 501(c)3 • <$500k nonprofits • Source year 2022

Net Margin

11th percentile

-43%

Higher net margin than 11% of similar nonprofits.

2022 filings • 501(c)3 • <$500k nonprofits • Source year 2022

Top Officer Pay

79th percentile

$2,227

Higher top officer pay than 79% of similar nonprofits.

Top officer pay equals 2.4% of source-year revenue.

2022 filings • 501(c)3 • <$500k nonprofits • Source year 2022

Asset Growth

3rd percentile

-92%

Faster asset growth than 3% of similar nonprofits.

2022 filings • 501(c)3 • <$500k nonprofits • Annualized from 2021 to 2022

Revenue Growth

11th percentile

-51%

Faster revenue growth than 11% of similar nonprofits.

2022 filings • 501(c)3 • <$500k nonprofits • Annualized from 2021 to 2022

Assets

Down

$2,580

Down $31,634 (-92%) from 2021

Net Assets

Down

-$6,110

Down $40,324 (-118%) from 2021

Liabilities

Up

$8,690

Up $8,690 from 2021

Revenue

Down

$94,085

Down $99,450 (-51%) from 2021

Expenses

Down

$134,409

Down $24,912 (-16%) from 2021

Net Income

Down

-$40,324

Down $74,538 (-218%) from 2021

Historical Trend

Balance Sheet Trend

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

$40K$20K$0-$20KAssets 2021: $34,214Liabilities 2021: $0Net Assets 2021: $34,2142021Assets 2022: $2,580Liabilities 2022: $8,690Net Assets 2022: -$6,1102022Assets 2023: $21,903Net Assets 2023: $21,9032023Assets 2024: $18,373Net Assets 2024: $18,3732024

Highlighted filing

2022

Assets$2,580
Liabilities$8,690
Net Assets-$6,110

Operations Trend

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

$200K$100K$0-$100KRevenue 2021: $193,535Expenses 2021: $159,321Net Income 2021: $34,2142021Revenue 2022: $94,085Expenses 2022: $134,409Net Income 2022: -$40,3242022Revenue 2023: $149,222Expenses 2023: $123,018Net Income 2023: $26,2042023Revenue 2024: $103,178Expenses 2024: $105,231Net Income 2024: -$2,0532024

Highlighted filing

2022

Revenue$94,085
Expenses$134,409
Net Income-$40,324
Jump To
Filing Snapshot
Filing Period
Jan 1, 2022 to Dec 31, 2022
Signed
Oct 23, 2023
Return Version
2022v5.0
Gross Receipts
$94,085
Mission and Program Overview

Mission

Ready Inc is a youth mentor organization that helps engage youth in positive programs through education, recreation, and Arts & Science.

Program Services

DescriptionGrantsExpenses
Sports and Garden: READY Inc saw a significant increase in the number of at-risk youth participants in our mentorship programs. We successfully engaged with 250+ young individuals, a 20% increase from the previous year. Our organization actively engaged with the community through events, workshops, and outreach programs. We reached over 1,000 community members, fostering a sense of unity and support for at-risk youth.$0$12,244
Health and Fitness: READY Inc prioritized the mental well-being of our youth. We provided counseling services and resources to 75% of participants, helping them cope with challenges and build resilience.$0$7,033
Comprehensive Support: We established strategic partnerships with local businesses, schools, and other non-profit organizations, enhancing our ability to provide comprehensive support to the youth we serve by providing uniforms and clothing, transportation, and other supplies to our youth.$0$4,621
Education: Our mentorship programs had a tangible impact on the academic performance of our youth. 85% of participants improved their grades, and 30% of them achieved honor roll status in their schools. College and Career Readiness: We assisted 60% of our participants in preparing for college or vocational training. Many of them secured scholarships, internships, or apprenticeships, setting them on the path towards a brighter future.$0$893
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Tyrese SullivanPresident-$2,227-$2,227
Kyle JonesDirector-$0--
Aaron JohnsonDirector-$0--
Takiya LanierSecretary-$0--
Kaseem JohnsonTreasurer-$0--
Eboni PhillipsDirector-$0--
Governance and Compliance

Governance Explanations

Form 990-EZ, Part VI, Line 49

Donation of $1,000 to Priceless Decisions Inc for a sneaker drive.

Filing and Contact Details

Filer

Filer Name
Ready Inc
EIN
35-2695486
Phone
2039020745
Address
139 Orange St Suite 401, New Haven, CT 06510

Signing Officer

Name
Tyrese Sullivan
Title
President
Phone
2035031424
Signed
2023-10-23
Discuss with paid preparer
No

Preparer

Firm
BryteBridge Nonprofit Solutions
Address
7021 University Blvd, Winter Park, FL 32792
Preparer
Evan ODell
Phone
8778579002
Supplemental Narrative

Additional Explanations

Form 990-EZ, Part I, Line 8

Cash Back Rewards

Form 990-EZ, Part I, Line 10

Youth Sneaker Drive for Priceless Decisions Incorporated

Form 990-EZ, Part I, Line 16

Description;Amount^Education;893|Garden;1129|Health and Fitness;7033|Sports;11115|Program Supplies;3797|Transportation;3637|Uniform and Clothing;832|Program Fee;400|Repairs and Maintenance;3074|Small Tools and Equipment;4298|Subcontractor;15431|General Supplies;309|Advertising and Marketing;64|Food;311|Gifts;266|Health Insurance;1299|Liability Insurance;662|Bank Fees and Service Charges;189|Internet and TV;21|Subscriptions;1102|Office Supplies;573|Software and Apps;640|Website;646|Payroll;8138|Professional Development;6800|Telephone;55|Travel;4243|Vehicle Rental;3821|Parking and Tolls;158|Gas and Fuel;5122|Vehicle Repairs;757|Vehicle Expense;265|Flowers;504^Total;87584^

Form 990-EZ, Part II, Line 24

Furniture and Equipment 474.68

Form 990-EZ, Part II, Line 26

Short Term Business Loans 8,689.60

Raw XML Appendix197 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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IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt0Education: Our mentorship programs had a tangible impact on the academic performance of our youth. 85% of participants improved their grades, and 30% of them achieved honor roll status in their schools. College and Career Readiness: We assisted 60% of our participants in preparing for college or vocational training. Many of them secured scholarships, internships, or apprenticeships, setting them on the path towards a brighter future.
IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt1Health and Fitness: READY Inc prioritized the mental well-being of our youth. We provided counseling services and resources to 75% of participants, helping them cope with challenges and build resilience.
IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt2Sports and Garden: READY Inc saw a significant increase in the number of at-risk youth participants in our mentorship programs. We successfully engaged with 250+ young individuals, a 20% increase from the previous year. Our organization actively engaged with the community through events, workshops, and outreach programs. We reached over 1,000 community members, fostering a sense of unity and support for at-risk youth.
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0Cash Back Rewards
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1Youth Sneaker Drive for Priceless Decisions Incorporated
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2Description;Amount^Education;893|Garden;1129|Health and Fitness;7033|Sports;11115|Program Supplies;3797|Transportation;3637|Uniform and Clothing;832|Program Fee;400|Repairs and Maintenance;3074|Small Tools and Equipment;4298|Subcontractor;15431|General Supplies;309|Advertising and Marketing;64|Food;311|Gifts;266|Health Insurance;1299|Liability Insurance;662|Bank Fees and Service Charges;189|Internet and TV;21|Subscriptions;1102|Office Supplies;573|Software and Apps;640|Website;646|Payroll;8138|Professional Development;6800|Telephone;55|Travel;4243|Vehicle Rental;3821|Parking and Tolls;158|Gas and Fuel;5122|Vehicle Repairs;757|Vehicle Expense;265|Flowers;504^Total;87584^
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3Furniture and Equipment 474.68
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4Short Term Business Loans 8,689.60
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5Donation of $1,000 to Priceless Decisions Inc for a sneaker drive.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990-EZ, Part I, Line 8
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990-EZ, Part I, Line 10
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990-EZ, Part I, Line 16
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990-EZ, Part II, Line 24
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Form 990-EZ, Part II, Line 26
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5Form 990-EZ, Part VI, Line 49
ReasonableCauseExplanation/ExplanationTxt0Extension Filed
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ReturnHeader/Filer/EIN0352695486
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ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt07021 University Blvd
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0Winter Park
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0FL
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ReturnHeader/PreparerPersonGrp/PhoneNum08778579002
ReturnHeader/PreparerPersonGrp/PreparationDt02023-10-23
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0Evan ODell
ReturnHeader/ReturnTs02023-10-25T11:35:29-07:00
ReturnHeader/ReturnTypeCd0990EZ
ReturnHeader/TaxPeriodBeginDt02022-01-01
ReturnHeader/TaxPeriodEndDt02022-12-31
ReturnHeader/TaxYr02022

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