Readykids Inc
- Assets
- $5.6m
- Revenue
- $2.8m
- Investments
- $0.0
- Employees
- 55
- Location
- Charlottesville, VA
- Founding
- 12/1963
- Data as of
- 06/2022
- EIN
- 54-0546000
Organization Overview
Readykids Inc, operating under the name ReadyKids, is located in Charlottesville, VA. The organization was established in 1963. According to its NTEE Classification (P40) the organization is classified as: Family Services, under the broad grouping of Human Services and related organizations. As of 06/2022, ReadyKids employed 55 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. ReadyKids 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, ReadyKids generated $2.8m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 5.5% each year. All expenses for the organization totaled $3.0m during the year ending 06/2022. While expenses have increased by 6.9% 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
READYKIDS PROMOTES KIDS' WELL-BEING THROUGH COUNSELING, FAMILY SUPPORT, AND EARLY LEARNING OPPORTUNITIES. FOR OVER 100 YEARS, WE HAVE SERVED CHARLOTTESVILLE AND THE FIVE SURROUNDING COUNTIES WITH PROGRAMS AND SERVICES THAT RESPOND TO THE CHANGING NEEDS OF KIDS AND FAMILIES. IN FY22, WE IMPACTED MORE THAN 6,800 KIDS, PARENTS, AND CAREGIVERS THROUGH OUR SEVEN PROGRAMS, AND 95.5% OF PARTICIPANTS MET TARGETED OUTCOMES. FOR THE FISCAL YEAR, READYKIDS' NET ASSETS DECREASED $397K. THIS AMOUNT IS DIRECTLY ATTRIBUTED TO A DECREASE IN RESERVE FUNDS THAT WERE TIED TO MARKET PERFORMANCE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
EARLY LEARNING PROGRAMS: READYSTEPS ENCOURAGES PARENTS AS A CHILD'S FIRST AND BEST TEACHER THROUGH EARLY LEARNING PLAYGROUPS WITHIN THEIR HOME COMMUNITY. STAR KIDS TEACHES PRESCHOOL-AGE KIDS TO DEVELOP SELF-REGULATION AND PROBLEM SOLVING SKILLS TO MAKE HEALTHY CHOICES AND AVOID RISKY BEHAVIORS. GROWING MINDS IMPROVES THE QUALITY OF EARLY CHILDHOOD CARE AND PRESCHOOL SETTINGS BY OFFERING PROFESSIONAL DEVELOPMENT, COACHING, TRAINING AND SUPPORT TO EARLY CHILDHOOD TEACHERS AND PROGRAM LEADERS. THESE PROGRAMS IMPACTED 5,159 PARTICIPANTS AND OVER 90% OF PARTICIPANTS MET TARGETED OUTCOMES.
FAMILY SUPPORT PROGRAMS: REAL DADS MENTORS DADS TO BUILD MORE SECURE RELATIONSHIPS WITH THEIR KIDS. THROUGH FACILITATED GROUP MEETINGS AND ONE-ON-ONE COACHING SESSIONS, FATHERS DEVELOP SKILLS TO GROW RESPONSIBLE, EMPOWERED, AVAILABLE, AND LOVING (REAL) RELATIONSHIPS WITH THEIR KIDS. HEALTHY FAMILIES FOSTERS NURTURING FAMILY RELATIONSHIPS FOR PREGNANT PEOPLE AND SAFE ENVIRONMENTS FOR YOUNG CHILDREN THROUGH REGULAR HOME VISITING. THESE PROGRAMS IMPACTED 666 PARTICIPANTS AND OVER 90% OF PARTICIPANTS MET TARGETED OUTCOMES.
COUNSELING PROGRAMS: INSIDE OUT PROVIDES COUNSELING TO HELP KIDS AND FAMILIES WHO HAVE EXPERIENCED TRAUMA BEGIN THE HEALING PROCESS. TEEN COUNSELING PROVIDES INDIVIDUAL AND FAMILY COUNSELING TO FOSTER POSITIVE, NURTURING FAMILY RELATIONSHIPS AND TO ENSURE THAT TEENS ARE SAFE AND HEALTHY. THESE PROGRAMS IMPACTED 1,015 PARTICIPANTS AND OVER 90% OF PARTICIPANTS MET TARGETED OUTCOMES.
READYKIDS WAS THE FISCAL SPONSOR FOR STEPPING STONE CHARLOTTESVILLE, AN ORGANIZATION THAT PROVIDED LIFE'S ESSENTIALS TO UNDER-RESOURCED FAMILIES LIVING IN CHARLOTTESVILLE AND ALBEMARLE COUNTY WHO HAD CHILDREN BETWEEN THE AGES OF NEWBORN AND THREE. THESE ITEMS HELPED TO ENSURE A HEALTHY, SAFE START TO LIFE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jacki Bryant Executive Director | Officer | 40 | $119,863 |
Andrea Ayres Director/president | Officer | 5 | $0 |
Patricia Colby Director/secretary | Officer | 5 | $0 |
John Bowen IV Director/treasurer | Officer | 5 | $0 |
Michael Gerard Mason Director/vice President | Officer | 5 | $0 |
Sarah Mclean Director | Trustee | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $30,000 |
| Membership dues | $0 |
| Fundraising events | $7,400 |
| Related organizations | $0 |
| Government grants | $1,289,080 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,181,820 |
| Noncash contributions included in lines 1a–1f | $7,462 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,508,300 |
| Total Program Service Revenue | $306,179 |
| Investment income | $0 |
| 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 | $2,835,341 |
| 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. | $131,483 |
| Compensation of current officers, directors, key employees. | $19,723 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,902,015 |
| Pension plan accruals and contributions | $15,817 |
| Other employee benefits | $326,461 |
| Payroll taxes | $149,421 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $8,350 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $29,271 |
| Advertising and promotion | $0 |
| Office expenses | $62,945 |
| Information technology | $18,760 |
| Royalties | $0 |
| Occupancy | $33,564 |
| Travel | $17,408 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $15,517 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $103,132 |
| Insurance | $29,084 |
| All other expenses | $0 |
| Total functional expenses | $2,966,386 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $467,087 |
| Savings and temporary cash investments | $354,999 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $217,568 |
| 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 | $61,516 |
| Net Land, buildings, and equipment | $3,390,155 |
| Investments—publicly traded securities | $1,089,837 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,887 |
| Total assets | $5,583,049 |
| Accounts payable and accrued expenses | $107,502 |
| Grants payable | $0 |
| Deferred revenue | $75,000 |
| 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 | $182,502 |
| Net assets without donor restrictions | $5,286,824 |
| Net assets with donor restrictions | $113,723 |
| 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 | $5,583,049 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Readykids Inc has recieved totaling $3,000.
| Awarding Organization | Amount |
|---|---|
L E A W Family Foundation Inc Scottsville, VA PURPOSE: GENERAL PURPOSE OF DONEE | $3,000 |
Endowment Analysis
| Beg. Balance | $1,370,169 |
| Earnings | -$265,687 |
| Admin Expense | $14,645 |
| Ending Balance | $1,089,837 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Burlington United Methodist Family Services Inc Burlington, WV | $36,434,760 | $22,163,964 |
Jewish Community Service Inc Baltimore, MD | $17,523,973 | $23,819,895 |
Family Resource Agency Inc Cleveland, TN | $1,737,951 | $12,329,517 |
Agape Child And Family Services Inc Memphis, TN | $4,822,758 | $10,716,983 |
Psi Services Iii Inc Hyattsville, MD | $7,949,567 | $9,401,496 |
Family Service Of The Piedmont Inc Jamestown, NC | $2,937,225 | $9,785,018 |
Far Southeast Family Strengthening Collaborative Washington, DC | $18,885,702 | $9,958,337 |
Family And Childrens Service Nashville, TN | $12,864,767 | $8,385,396 |
Robert A Pascal Youth & Family Service Center Inc Odenton, MD | $5,079,913 | $9,632,913 |
Safe Alliance Inc Charlotte, NC | $10,001,861 | $8,368,823 |
Herndon-Reston Fish Inc Herndon, VA | $999,308 | $5,421,619 |
Exchange Club-Carl Perkins Center For The Prevention Of Child Abuse Jackson, TN | $7,537,122 | $5,962,731 |