Ready For Life Inc
- Assets
- $401.5k
- Revenue
- $1.1m
- Investments
- $0.0
- Employees
- 12
- Location
- Largo, FL
- Founding
- 03/2009
- Data as of
- 06/2022
- EIN
- 26-4032979
Organization Overview
Ready For Life Inc is located in Largo, FL. The organization was established in 2009. According to its NTEE Classification (P32) the organization is classified as: Foster Care, under the broad grouping of Human Services and related organizations. As of 06/2022, Ready For Life Inc employed 12 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Ready For Life Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 06/2022, Ready For Life Inc generated $1.1m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 18.4% each year . All expenses for the organization totaled $962.3k during the year ending 06/2022. While expenses have increased by 14.1% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO ASSIST THE YOUTH OF THE COMMUNITY IN TRANSITIONING FROM FOSTER CARE TO ADULTHOOD.
Describe the Organization's Program Activity:
Part 3 - Line 4a
YOUTH SUPPORT: TO ENGAGE FOSTER CARE YOUTH, PRIVATE CITIZENS AND PUBLIC RESOURCES TO ASSIST PINELLAS COUNTY FOSTER CARE YOUTH IN SUCCESSFUL TRANSITIONS TO ADULTHOOD. THE FOUNDATION'S GOAL IS TO BE A LINK BETWEEN THE YOUTH AND THE MANY RESOURCES AVAILABLE TO ASSIST THEM AS WELL AS GIVE THE YOUTH THE VOICE TO HELP CREATE AND RUN THE FOUNDATION'S MANY PROGRAMS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kathy Mize CEO | Officer | 40 | $103,978 |
Mary Pat Mclain Vice-Chairman | OfficerTrustee | 2 | $0 |
Kenneth Beattie Chairman | OfficerTrustee | 3 | $0 |
Melissa Hill Secretary | OfficerTrustee | 1 | $0 |
Susan Doll Treasurer | OfficerTrustee | 1 | $0 |
Crissy Pettineo Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $26,125 |
| Related organizations | $0 |
| Government grants | $99,835 |
| All other contributions, gifts, grants, and similar amounts not included above | $917,569 |
| Noncash contributions included in lines 1a–1f | $130,861 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,043,529 |
| Total Program Service Revenue | $0 |
| Investment income | $911 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $187 |
| Net Income from Fundraising Events | $25,361 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,074,608 |
| 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. | $103,978 |
| Compensation of current officers, directors, key employees. | $14,424 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $382,624 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $27,595 |
| Payroll taxes | $37,187 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $20,391 |
| Advertising and promotion | $19,841 |
| Office expenses | $93,259 |
| Information technology | $12,540 |
| 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 | $3,018 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $19,434 |
| Insurance | $3,296 |
| All other expenses | $0 |
| Total functional expenses | $962,287 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $103,215 |
| Savings and temporary cash investments | $92,996 |
| 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 | $200 |
| Net Land, buildings, and equipment | $51,077 |
| Investments—publicly traded securities | $100,189 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $53,838 |
| Total assets | $401,515 |
| Accounts payable and accrued expenses | $27,174 |
| 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 | $27,174 |
| Net assets without donor restrictions | $355,249 |
| Net assets with donor restrictions | $19,092 |
| 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 | $401,515 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Ready For Life Inc has recieved totaling $30,000.
| Awarding Organization | Amount |
|---|---|
Robert J And Jennifer J Banks Charitable Tr Wilmington, DE PURPOSE: GENERAL & UNRESTRICTED | $30,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Neighbor To Family Daytona Beach, FL | $1,980,728 | $9,839,505 |
Faithbridge Foster Care Inc Alpharetta, GA | $1,803,240 | $7,652,118 |
Georgia Sheriffs Youth Homes Inc Madison, GA | $21,858,053 | $5,380,264 |
Community Connections Inc Stone Mountain, GA | $2,076,544 | $3,338,180 |
Childkind Inc Tucker, GA | $548,950 | $3,322,766 |
Service Management Solutions For Children Inc Gainesville, FL | $2,395,848 | $2,913,355 |
Fort Lauderdale Independence Training & Education Center Inc Fort Lauderdale, FL | $895,332 | $2,790,852 |
Foster Care Review Inc Miami, FL | $567,767 | $1,613,590 |
Make Way Partners Corporation Chelsea, AL | $16,440 | $806,126 |
Hope Youth Ranch Inc Hudson, FL | $2,416,084 | $2,257,707 |
Childrens Hope Montgomery, AL | $1,440,421 | $1,330,525 |
Ready For Life Inc Largo, FL | $401,515 | $1,074,608 |