Lets Get Ready Inc
- Assets
- $3.0m
- Revenue
- $3.9m
- Investments
- $0.0
- Employees
- 166
- Location
- New York, NY
- Founding
- 05/2000
- Data as of
- 08/2021
- EIN
- 31-1698832
Organization Overview
Lets Get Ready Inc is located in New York, NY. The organization was established in 2000. According to its NTEE Classification (B90) the organization is classified as: Educational Services, under the broad grouping of Education and related organizations. As of 08/2021, Lets Get Ready Inc employed 166 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Lets Get Ready 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 08/2021, Lets Get Ready Inc generated $3.9m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 2.6% each year. All expenses for the organization totaled $2.7m during the year ending 08/2021. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO HELP HIGH SCHOOL STUDENTS FROM LOW-INCOME BACKGROUNDS ATTAIN A COLLEGE EDUCATION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
LET'S GET READY PROVIDED 13,812 STUDENTS WITHIN OUR ACCESS, TRANSITION, AND SUCCESS PROGRAMS. IN OUR ACCESS PROGRAM WE PROVIDE INTENSIVE SAT PREPARATION AND AN INTRODUCTION TO ALL ASPECTS OF THE COLLEGE ADMISSIONS PROCESS. THROUGH OUR TRANSITION PROGRAM WE SUPPORT COLLEGE ENROLLMENT THROUGH FREQUENT, CURRICULUM-BASED, TWO WAY TEXTING ON TOPICS INCLUDING COLLEGE SELECTION, CAMPUS VISITS, APPLICATIONS, PERSONAL STATEMENT, AND FINANCIAL AID OPPORTUNITIES. THOUGH OUR SUCCESS PROGRAM WE SUPPORT STUDENTS IN NAVIGATING THE COMPLEXITIES OF COLLEGE LIFE THROUGH ONE-ONE SUPPORT, RESOURCE AGGREGATION, AND MENTORING EVENTS. SERVICES WERE PROVIDED BY OVER 300 COLLEGE STUDENTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Lena Eberhart Chief Executive Officer | Officer | 40 | $171,765 |
Allison Caffrey Director Of Development | 40 | $137,864 | |
Brian Dever VP Of Philanthropy | 40 | $101,234 | |
Brook Payner Chair (as Of Dec 2020) | OfficerTrustee | 10 | $0 |
Jeffrey Waters Cochair/treasurer Thru Dec 2020 | OfficerTrustee | 10 | $0 |
Eugenie Lang Rosenthal Founder Director, Co-Chair Thru Dec 2020 | OfficerTrustee | 10 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $524,300 |
| All other contributions, gifts, grants, and similar amounts not included above | $3,263,735 |
| Noncash contributions included in lines 1a–1f | $153,894 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $3,788,035 |
| Total Program Service Revenue | $83,811 |
| Investment income | $3,734 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $1,026 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,876,606 |
| 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. | $187,640 |
| Compensation of current officers, directors, key employees. | $28,146 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,511,846 |
| Pension plan accruals and contributions | $25,174 |
| Other employee benefits | $114,188 |
| Payroll taxes | $157,675 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $4,523 |
| Fees for services: Accounting | $60,125 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $129,681 |
| Advertising and promotion | $32,814 |
| Office expenses | $52,045 |
| Information technology | $105,003 |
| Royalties | $0 |
| Occupancy | $224,083 |
| Travel | $4,862 |
| 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 | $12,569 |
| Insurance | $5,756 |
| All other expenses | $0 |
| Total functional expenses | $2,685,258 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $934,927 |
| Savings and temporary cash investments | $1,104,745 |
| Pledges and grants receivable | $611,264 |
| Accounts receivable, net | $17,750 |
| 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 | $30,339 |
| Net Land, buildings, and equipment | $84,767 |
| Investments—publicly traded securities | $249,241 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $3,033,033 |
| Accounts payable and accrued expenses | $207,791 |
| Grants payable | $0 |
| Deferred revenue | $14,506 |
| 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 | $302,200 |
| Total liabilities | $524,497 |
| Net assets without donor restrictions | $1,560,872 |
| Net assets with donor restrictions | $947,664 |
| 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 | $3,033,033 |
Grants Recieved
Over the last fiscal year, we have identified 25 grants that Lets Get Ready Inc has recieved totaling $1,256,599.
| Awarding Organization | Amount |
|---|---|
Ecmc Foundation Minneapolis, MN PURPOSE: College Success | $500,000 |
Wellington Management Foundation Boston, MA PURPOSE: See Part IV | $365,000 |
Smart Family Fund Lisle, IL PURPOSE: LETS GET READY GENERAL SUPPORT | $85,000 |
Pinkerton Foundation New York, NY PURPOSE: EDUCATION | $75,000 |
Davis Family Foundation Yarmouth, ME PURPOSE: Let's Get Ready & Southern Maine Community College Success Program Partnership | $50,000 |
S & L Marx Foundation Inc Wilmington, DE PURPOSE: EXPANSION OF COLLEGE ACCESS AND SUCCESS PROGRAM | $50,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Transcend Inc Hastingsonhudson, NY | $40,245,682 | $36,384,149 |
The Baruch College Fund New York, NY | $295,690,612 | $67,294,185 |
Collier Services Wickatunk, NJ | $8,471,748 | $15,685,679 |
S&p Global Foundation New York, NY | $10,276,249 | $7,071,664 |
Workforce Outsource Services Inc Uniondale, NY | $10,340,814 | $13,464,902 |
North Star Academy Foundation Inc New York, NY | $177,913,521 | $11,304,915 |
Hyde Leadership Charter School-Brooklyn Brooklyn, NY | $3,932,564 | $12,878,236 |
Teach Plus Incorporated Boston, MA | $12,001,505 | $12,042,496 |
Onward Israel Internships And Opportunities Ltd New York, NY | $897,895 | $11,379,184 |
Goodwin College Educational Services Inc East Hartford, CT | $19,577 | $10,789,035 |
Education Resource Strategies Inc Watertown, MA | $16,861,900 | $10,099,352 |
Entrepreneurial Ventures In Education Quincy, MA | $4,865,485 | $11,072,937 |