Liabilities / Assets
60th percentile
Tied with the lowest-debt nonprofits in its peer group.
Lets Be Ready
EIN 47-2274700 • 501(c)3 • Longmont, CO
Profile
To provide training, classroom materials, and monthly stipends to teachers in rural Guatemalan Mayan communities to improve student success in first graade. The program also provides an innovative curriculum to help rural Guatemalan children prepare for first grade
Siviq Scores
Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.
0.00x
Liabilities / Revenue
62nd percentile
Tied with the lowest-debt nonprofits in its peer group.
Net Margin
73rd percentile
Higher net margin than 73% of similar nonprofits.
Top Officer Pay
81st percentile
Higher top officer pay than 81% of similar nonprofits.
Top officer pay equals 0.0% of source-year revenue.
Asset Growth
96th percentile
Faster asset growth than 96% of similar nonprofits.
Revenue Growth
86th percentile
Faster revenue growth than 86% of similar nonprofits.
Balance Sheet
Assets
Up$58,761
Up $42,233 (+256%) from 2022
Liabilities
Flat$0
Flat from 2022
Net Assets
Up$58,761
Up $42,233 (+256%) from 2022
Revenue
Up$233,068
Up $86,637 (+59%) from 2022
Expenses
Up$190,835
Up $33,976 (+22%) from 2022
Net Income
Up$42,233
Up $52,661 (+505%) from 2022
Trend Graphs
Filings
Most recent year
2023 • Form 990Detailed filing. Detailed filing data is available for this year.
- Assets
- $58,761
- Liabilities
- $0
- Net assets
- $58,761
- Revenue
- $233,068
- Expenses
- $190,835
- Net income
- $42,233
Latest Filing Detail
Jump To
Filing Snapshot
- Filing Period
- Jan 1, 2023 to Dec 31, 2023
- Signed
- Oct 24, 2024
- Return Version
- 2023v5.1
- Gross Receipts
- $233,068
Mission and Program Overview
Mission
EDUCATION
To provide training, classroom materials, and monthly stipends to teachers in rural Guatemalan Mayan communities to improve student success in first graade. The program also provides an innovative curriculum to help rural Guatemalan children prepare for first grade
Balance Sheet Detail
| Line | Beginning | End | Change |
|---|---|---|---|
| Assets | |||
| Cash and Non-Interest-Bearing Accounts | $16,528 | $58,761 | ▲ $42,233 |
| Rtn Earn Endowment Incm Other Fnds | $16,528 | $58,761 | ▲ $42,233 |
| Total Assets | $16,528 | $58,761 | ▲ $42,233 |
| Liabilities | |||
| Total Liabilities | $0 | $0 | → $0 |
| Net Assets / Fund Balance | |||
| Total Net Assets Fund Balance | $16,528 | $58,761 | ▲ $42,233 |
| Total Liabilities and Net Assets / Fund Balance | $16,528 | $58,761 | ▲ $42,233 |
Compensation and Service Providers
Board Members and Trustees
| Name | Title |
|---|---|
| Fred Zambroski | Co-founder |
| Nancy Carpenter | Co-founder |
Revenue and Support
Revenue Composition
- Contributions and Grants
- $233,068
- Program Service Revenue
- $0
- Investment Income
- $0
- Other Revenue
- $0
- All Other Contributions
- $233,068
- Change in Net Assets
- $42,233
Expenses and Functional Allocation
Major Expense Lines
| Line Item | Amount |
|---|---|
| Grants and Similar Amounts Paid | $190,835 |
| Other Expenses | $0 |
| Professional Fundraising Fees | $0 |
| Salaries, Compensation, and Employee Benefits | $0 |
| Total Fundraising Expense | $0 |
Functional Expense Allocation
| Line Item | Program | Management | Fundraising | Total |
|---|---|---|---|---|
| Grants to Domestic Orgs | $190,835 | - | - | $190,835 |
| Total Functional Expenses | $190,835 | $0 | $0 | $190,835 |
Fundraising, Events, and Gaming
- Fundraising activities
- No
- Gaming activities
- No
- Professional fundraiser used
- No
Fundraising and Gaming Totals
| Line Item | Amount |
|---|---|
| Professional Fundraising Fees | $0 |
Political and Lobbying Activity
- Political campaign activity
- No
- Lobbying activity
- No
- Subject to proxy tax
- No
Governance and Compliance
Governance Checklist
- Compiled or reviewed by an accountant
- No
- 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
- No
- Other officer compensation reviewed
- No
- Conflict-of-interest policy
- No
- Audited financial statements prepared
- No
- Key decisions subject to board approval
- No
- Management duties delegated
- No
Governance Explanations
Governing body meeting documentation Part VI line 8A
“The organization previously filed Form 990EZ and did not have a formal policy for documenting the meetings of its governing body. Beginning in the year 2024, the organization has implemented such a policy and is maintaining documentation in accordance with IRS guidelines.”
Form 990 governing body review Part VI line 11
“The organizations Form 990 is prepared by an external accounting firm and reviewed by the Orgnanizations Executive Director and Treasurer. A draft of the Form 990 is distributed to all members of the governing board via email prior to filing. Board members are provided a week to review the form and provide comments or questions. After addressing any feedback, the final version of the Form 990 is approved by the governing body before it is filed with the IRS.”
CEO executive director top management comp Part VI line 15A
“There are no members of the board who are compensated for their support and contributions to the organization.”
Form 990 availability to public Part VI line 18
“The organization is prepared to make governing documents and financial statements available to the public upon request.”
Governing documents etc available to public Part VI line 19
“The organization does not have a policy for making its governing documents, conflict of interest policy, or financial statements available to the public. These documents are maintained internally for the organizations management and board oversight purposes.”
Filing and Contact Details
Filer
- Filer Name
- Lets Be Ready
- EIN
- 47-2274700
- Address
- 2722 GENEVA PLACE, Longmont, CO 80503
Signing Officer
- Name
- Fred Zambroski
- Title
- Co-founder
- Phone
- 3038345470
- Signed
- 2024-10-24
- Discuss with paid preparer
- Yes
Organization Details
- Principal Officer
- Fred Zambroski
- Formed
- 2014
- Legal Domicile
- Co
- Voting Board Members
- 6
- Independent Board Members
- 6
- Employees
- 0
Preparer
- Firm
- Forest Financial
- Address
- 9620 NE Tanasbourne Dr Suite 300, Hillsboro, OR 97124
- Preparer
- Serina Griffin
- Phone
- 2155961344
Supplemental Narrative
Additional Explanations
General explanation attachment
“Lets Be Ready offers newly graduated teachers, aged 18-24 the opportunity to stay in their communities and becme social entreprenuers by starting classrooms in primarily rural Guatemalan Mayan communities. The program provides materials, a monthly stipend for each teacher and additional training to enhance effectiveness. The organization presents a solution to the challenge of there being too few classrooms. Magical Classrooms trains and equips young adults to teach children, ages 4-6 in remote areas currently unattended to by the Guatemala government. The project overcomes geographic isolation and lack of eduacational resources by delivering a culturally sensitive, innovative guided curriculum to help children become more successfu in first grade. Classes are paired with a daily healthy snack that stands to drasticaly reduce the impact of chronic malnutrition.”
Raw XML Appendix262 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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| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 1 | The organizations Form 990 is prepared by an external accounting firm and reviewed by the Orgnanizations Executive Director and Treasurer. A draft of the Form 990 is distributed to all members of the governing board via email prior to filing. Board members are provided a week to review the form and provide comments or questions. After addressing any feedback, the final version of the Form 990 is approved by the governing body before it is filed with the IRS. |
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| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 3 | The organization is prepared to make governing documents and financial statements available to the public upon request. |
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| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 5 | Lets Be Ready offers newly graduated teachers, aged 18-24 the opportunity to stay in their communities and becme social entreprenuers by starting classrooms in primarily rural Guatemalan Mayan communities. The program provides materials, a monthly stipend for each teacher and additional training to enhance effectiveness. The organization presents a solution to the challenge of there being too few classrooms. Magical Classrooms trains and equips young adults to teach children, ages 4-6 in remote areas currently unattended to by the Guatemala government. The project overcomes geographic isolation and lack of eduacational resources by delivering a culturally sensitive, innovative guided curriculum to help children become more successfu in first grade. Classes are paired with a daily healthy snack that stands to drasticaly reduce the impact of chronic malnutrition. |
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| ReturnHeader/PreparerFirmGrp/PreparerFirmEIN | 0 | 842643842 |
| ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt | 0 | Forest Financial |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt | 0 | 9620 NE Tanasbourne Dr Suite 300 |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm | 0 | Hillsboro |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd | 0 | OR |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd | 0 | 97124 |
| ReturnHeader/PreparerPersonGrp/PhoneNum | 0 | 2155961344 |
| ReturnHeader/PreparerPersonGrp/PreparationDt | 0 | 2024-10-24 |
| ReturnHeader/PreparerPersonGrp/PreparerPersonNm | 0 | SERINA GRIFFIN |
| ReturnHeader/PreparerPersonGrp/SelfEmployedInd | 0 | X |
| ReturnHeader/ReturnTs | 0 | 2024-10-24T09:55:55-04:00 |
| ReturnHeader/ReturnTypeCd | 0 | 990 |
| ReturnHeader/TaxPeriodBeginDt | 0 | 2023-01-01 |
| ReturnHeader/TaxPeriodEndDt | 0 | 2023-12-31 |
| ReturnHeader/TaxYr | 0 | 2023 |
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