The K16 Ready Society
- Assets
- $1.4m
- Revenue
- $1.4m
- Investments
- $0.0
- Employees
- 2
- Location
- Dallas, TX
- Founding
- 04/2012
- Data as of
- 08/2023
- EIN
- 45-3141293
Organization Overview
The K16 Ready Society is located in Dallas, TX. The organization was established in 2012. According to its NTEE Classification (B29) the organization is classified as: Charter Schools, under the broad grouping of Education and related organizations. As of 08/2023, K16 Ready Society employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. K16 Ready Society 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 08/2023, K16 Ready Society generated $1.4m in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 18.0% each year . All expenses for the organization totaled $1.0m during the year ending 08/2023. While expenses have increased by 17.0% per year over the past 4 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
THE ORGANIZATION IS TO PROVIDE THERAPY AND GUIDANCE SERVICES TO STUDENTS AND YOUTH OF THE STATE OF TEXAS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ASSIGNED COUNSELORS TO MANY CHILDREN
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Markee Baskerville Director | Trustee | 0 | $83,670 |
Vernon Wilson Director | Trustee | 0 | $72,949 |
Erika Hylton Office Worker | 40 | $42,192 | |
Christopher Hayton Office Manager | 0 | $40,945 | |
Felecia Mckinney Bryant Guidance Counselor | 0 | $37,264 | |
Vanessa Butler Guidance Counselor | 0 | $28,125 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Alvin Lucas Child Guidance | 8/30/23 | $42,552 |
Jason Lightner Child Guidance | 8/30/23 | $26,676 |
Chyenne Bolton Therapy | 8/30/23 | $23,658 |
Michael S Ratliff Therapy | 8/30/23 | $43,657 |
Lynette Brown Porter Therapy | 8/30/23 | $22,032 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $500,000 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $500,000 |
| Total Program Service Revenue | $854,277 |
| Investment income | $2,672 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,360,066 |
| 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. | $156,619 |
| Compensation of current officers, directors, key employees. | $156,619 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $301,720 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $40,513 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $25,000 |
| Fees for services: Accounting | $50,690 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $28 |
| Fees for services: Other | $1,470 |
| Advertising and promotion | $13,094 |
| Office expenses | $8,258 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $35,801 |
| Travel | $49,470 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,183 |
| Interest | $4,520 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $16,722 |
| All other expenses | $6,256 |
| Total functional expenses | $1,015,476 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $413,425 |
| Savings and temporary cash investments | $316,451 |
| 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 | $2,949 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $137,128 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $500,000 |
| Total assets | $1,369,953 |
| Accounts payable and accrued expenses | $11,457 |
| 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 | $105,068 |
| Total liabilities | $116,525 |
| Net assets without donor restrictions | $1,253,428 |
| Net assets with donor restrictions | $0 |
| 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 | $1,369,953 |