Attach to Form 990 or Form 990-EZ.
Go to
www.irs.gov/Form990 for instructions and the latest information.
| (i) Name of supported organization | (ii) EIN | (iii) Type of organization (described on lines 1- 10 above (see instructions)) | (iv) Is the organization listed in your governing document? | (v) Amount of monetary support (see instructions) | (vi) Amount of other support (see instructions) | |
|---|---|---|---|---|---|---|
| Yes | No | |||||
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Total |
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Calendar year
(or fiscal year beginning in)
![]() |
(a) 2019 | (b) 2020 | (c) 2021 | (d) 2022 | (e) 2023 | (f) Total | |
|---|---|---|---|---|---|---|---|
| 1 | Gifts, grants, contributions, and membership fees received. (Do not include any "unusual grant.") .. | 193,530 | 94,074 | 34,452 | 322,056 | ||
| 2 | Tax revenues levied for the organization's benefit and either paid to or expended on its behalf .... | ||||||
| 3 | The value of services or facilities furnished by a governmental unit to the organization without charge.. | ||||||
| 4 | Total. Add lines 1 through 3 | 193,530 | 94,074 | 34,452 | 322,056 | ||
| 5 | The portion of total contributions by each person (other than a governmental unit or publicly supported organization) included on line 1 that exceeds 2% of the amount shown on line 11, column (f) .. | ||||||
| 6 | Public support. Subtract line 5 from line 4. | 322,056 | |||||
Calendar year
(or fiscal year beginning in)
![]() |
(a) 2019 | (b) 2020 | (c) 2021 | (d) 2022 | (e) 2023 | (f) Total | |
|---|---|---|---|---|---|---|---|
| 7 | Amounts from line 4.. | 193,530 | 94,074 | 34,452 | 322,056 | ||
| 8 | Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources... | ||||||
| 9 | Net income from unrelated business activities, whether or not the business is regularly carried on.. | ||||||
| 10 | Other income. Do not include gain or loss from the sale of capital assets (Explain in Part VI.).. | ||||||
| 11 | Total support. Add lines 7 through 10 | 322,056 | |||||
Calendar year (or fiscal
year beginning in) ![]() |
(a) 2019 | (b) 2020 | (c) 2021 | (d) 2022 | (e) 2023 | (f) Total | |
|---|---|---|---|---|---|---|---|
| 1 | Gifts, grants, contributions, and membership fees received. (Do not include any "unusual grants.") . | ||||||
| 2 | Gross receipts from admissions, merchandise sold or services performed, or facilities furnished in any activity that is related to the organization's tax-exempt purpose | ||||||
| 3 | Gross receipts from activities that are not an unrelated trade or business under section 513 ..... | ||||||
| 4 | Tax revenues levied for the organization's benefit and either paid to or expended on its behalf... | ||||||
| 5 | The value of services or facilities furnished by a governmental unit to the organization without charge | ||||||
| 6 | Total. Add lines 1 through 5 | ||||||
| 7a | Amounts included on lines 1, 2, and 3 received from disqualified persons | ||||||
| b | Amounts included on lines 2 and 3 received from other than disqualified persons that exceed the greater of $5,000 or 1% of the amount on line 13 for the year. | ||||||
| c | Add lines 7a and 7b.. | ||||||
| 8 | Public support. (Subtract line 7c from line 6.) | ||||||
Calendar year
(or fiscal year beginning in)
![]() |
(a) 2019 | (b) 2020 | (c) 2021 | (d) 2022 | (e) 2023 | (f) Total | |
|---|---|---|---|---|---|---|---|
| 9 | Amounts from line 6... | ||||||
| 10a | Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources.. | ||||||
| b | Unrelated business taxable income (less section 511 taxes) from businesses acquired after June 30, 1975. | ||||||
| c | Add lines 10a and 10b. | ||||||
| 11 | Net income from unrelated business activities not included on line 10b, whether or not the business is regularly carried on. | ||||||
| 12 | Other income. Do not include gain or loss from the sale of capital assets (Explain in Part VI.) .. | ||||||
| 13 | Total support. (Add lines 9, 10c, 11, and 12.).. | ||||||
| Section A - Adjusted Net Income | (A) Prior Year |
(B) Current Year (optional) |
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| 1 | Net short-term capital gain | 1 | ||||
| 2 | Recoveries of prior-year distributions | 2 | ||||
| 3 | Other gross income (see instructions) | 3 | ||||
| 4 | Add lines 1 through 3 | 4 | ||||
| 5 | Depreciation and depletion | 5 | ||||
| 6 | Portion of operating expenses paid or incurred for production or collection of gross income or for management, conservation, or maintenance of property held for production of income (see instructions) | 6 | ||||
| 7 | Other expenses (see instructions) | 7 | ||||
| 8 | Adjusted Net Income (subtract lines 5, 6 and 7 from line 4) | 8 | ||||
| Section B - Minimum Asset Amount | (A) Prior Year |
(B) Current Year (optional) |
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| 1 | Aggregate fair market value of all non-exempt-use assets (see instructions for short tax year or assets held for part of year): | 1 | ||||
| a | Average monthly value of securities | 1a | ||||
| b | Average monthly cash balances | 1b | ||||
| c | Fair market value of other non-exempt-use assets | 1c | ||||
| d | Total (add lines 1a, 1b, and 1c) | 1d | ||||
| e |
Discount claimed for blockage or other factors (explain in detail in Part VI): |
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| 2 | Acquisition indebtedness applicable to non-exempt use assets | 2 | ||||
| 3 | Subtract line 2 from line 1d | 3 | ||||
| 4 | Cash deemed held for exempt use. Enter 0.015 of line 3 (for greater amount, see instructions). | 4 | ||||
| 5 | Net value of non-exempt-use assets (subtract line 4 from line 3) | 5 | ||||
| 6 | Multiply line 5 by 0.035 | 6 | ||||
| 7 | Recoveries of prior-year distributions | 7 | ||||
| 8 | Minimum Asset Amount (add line 7 to line 6) | 8 | ||||
| Section C - Distributable Amount | Current Year | |||||
| 1 | Adjusted net income for prior year (from Section A, line 8, Column A) | 1 | ||||
| 2 | Enter 85% of line 1 | 2 | ||||
| 3 | Minimum asset amount for prior year (from Section B, line 8, Column A) | 3 | ||||
| 4 | Enter greater of line 2 or line 3 | 4 | ||||
| 5 | Income tax imposed in prior year | 5 | ||||
| 6 | Distributable Amount. Subtract line 5 from line 4, unless subject to emergency temporary reduction (see instructions) | 6 | ||||
| Section D - Distributions | Current Year | |
|---|---|---|
| 1 Amounts paid to supported organizations to accomplish exempt purposes | 1 | |
|
2
Amounts paid to perform activity that directly furthers exempt purposes of supported organizations, in excess of income from activity |
2 | |
| 3 Administrative expenses paid to accomplish exempt purposes of supported organizations | 3 | |
| 4 Amounts paid to acquire exempt-use assets | 4 | |
| 5 Qualified set-aside amounts (prior IRS approval required - provide details in Part VI) | 5 | |
| 6 Other distributions (describe in Part VI). See instructions | 6 | |
| 7Total annual distributions. Add lines 1 through 6. | 7 | |
|
8
Distributions to attentive supported organizations to which the organization is responsive (provide details in Part VI). See instructions |
8 | |
| 9 Distributable amount for 2023 from Section C, line 6 | 9 | |
| 10 Line 8 amount divided by Line 9 amount | 10 | |
| Section E - Distribution Allocations (see instructions) |
(i) Excess Distributions |
(ii) Underdistributions Pre-2023 |
(iii) Distributable Amount for 2023 |
|
|---|---|---|---|---|
| 1 Distributable amount for 2023 from Section C, line 6 | ||||
|
2
Underdistributions, if any, for years prior to 2023 (reasonable cause required-- explain in Part VI).
See instructions. |
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| 3 Excess distributions carryover, if any, to 2023: | ||||
| a From 2018....... | ||||
| b From 2019....... | ||||
| c From 2020....... | ||||
| d From 2021....... | ||||
| e From 2022....... | ||||
| fTotal of lines 3a through e | ||||
| g Applied to underdistributions of prior years | ||||
| h Applied to 2023 distributable amount | ||||
|
i
Carryover from 2018 not applied (see instructions) |
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| j Remainder. Subtract lines 3g, 3h, and 3i from line 3f. | ||||
| 4Distributions for 2023 from Section D, line 7: | ||||
| $ | ||||
| a Applied to underdistributions of prior years | ||||
| b Applied to 2023 distributable amount | ||||
| c Remainder. Subtract lines 4a and 4b from line 4. | ||||
|
5
Remaining underdistributions for years prior to 2023, if any. Subtract lines 3g and 4a from line 2. If the amount is greater than zero, explain in Part VI. See instructions. |
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|
6
Remaining underdistributions for 2023. Subtract lines 3h and 4b from line 1. If the amount is greater than zero, explain in Part VI. See instructions. |
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7 Excess distributions carryover to 2024. Add lines 3j and 4c. |
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| 8 Breakdown of line 7: | ||||
| a Excess from 2019..... | ||||
| b Excess from 2020..... | ||||
| c Excess from 2021..... | ||||
| d Excess from 2022..... | ||||
| e Excess from 2023..... | ||||
| Facts And Circumstances Test |
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| Return Reference | Explanation |
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| Software ID: | |
| Software Version: |
| Return Reference | Explanation |
|---|---|
| FORM 990-EZ, PART I, LINE 10 | CASH CONTRIBUTION: 6,531 RELATIONSHIP: NONE |
| FORM 990-EZ, PART I, LINE 16 | EXPENSES ADVERTISING 1,623 OFFICE 2,512 TRAVEL/TRANSPORTATION 9,379 INTEREST 84 PROGRAM SUPPLIES 23,475 BACKGROUND CHECKS 269 BANK FEES 341 PR REIMBURSEMENTS 11,050 EDUCATION 260 MEALS AND ENTERTAINMENT 6,758 LICENSES AND FEES 417 MEMBERSHIP FEES 60 PAYROLL FEES 527 MISC PROGRAM EXP 394 REPAIRS 3,116 TRANSPORTATION 3,500 WEBSITE 382 TOTAL 64,147 |
| FORM 990-EZ, PART I, LINE 20 | CORRECT LOAN RECONCILIATION DISCREPANCY 1,809 |
| FORM 990-EZ, PART II, LINE 24 | FURNITURE AND EQUIPMENT 475 475 TOTAL 475 475 |
| FORM 990-EZ, PART II, LINE 26 | UNSECURED NOTES AND LOANS PAYABLE 8,690 0 |
| FORM 990-EZ, PART III | WE ARE DEVOTED TO MENTORING YOUNG PEOPLE. WE SPECIFICALLY FOCUS ON THE UNDERSERVED POPULATION BY PROVIDING IMPACT-DRIVEN, PERSONALIZED MENTORSHIP. WE BELIEVE THAT EVERY YOUNG PERSON IS CAPABLE OF GREATNESS, AND WE ARE PASSIONATE ABOUT HELPING THEM FIND THEIR PURPOSE AND DISCOVER THEIR POTENTIAL. WE FOCUS ON THE IMPACT-DRIVEN, PERSONALIZED MENTORSHIP OF UNDERREPRESENTED YOUTH. OUR GOAL IS TO PROVIDE YOUNG PEOPLE WITH OPPORTUNITIES TO NOT ONLY GROW PERSONALLY, BUT PROFESSIONALLY AS WELL. WE ARE COMMITTED TO BUILDING MEANINGFUL RELATIONSHIPS WITH MENTORS AND MENTEES SO THAT EVERYONE CAN REACH THEIR HIGHEST POTENTIAL THROUGH OUR PROGRAMS AND EXPERIENCES. |
| FORM 990-EZ, PART III, LINE 28 | FOR THE FISCAL YEAR 2023, R.E.A.D.Y. INC. HAS SEEN IMPRESSIVE GROWTH AND SUCCESS ACROSS MULTIPLE PROGRAMS AND INITIATIVES. HERE ARE THE TOP PROGRAM ACHIEVEMENTS FOR 2023: 1. EXPANSION OF YOUTH ENTREPRENEURSHIP PROGRAMS YM3 (YOUNG MINDS MAKING MONEY) YOUTH ENTREPRENEURSHIP PROGRAM: THIS PROGRAM HAS BEEN A STANDOUT IN 2023, WITH AN INCREASED NUMBER OF YOUNG PARTICIPANTS LEARNING ABOUT ENTREPRENEURSHIP, FINANCIAL LITERACY, AND BUSINESS DEVELOPMENT. THE PROGRAM FACILITATED WORKSHOPS ON STARTING SMALL BUSINESSES, RESULTING IN SEVERAL YOUTH-LED VENTURES BEING LAUNCHED. YOUTH JOB PLACEMENT: THROUGH PARTNERSHIPS WITH LOCAL BUSINESSES, THE PROGRAM EXPANDED JOB PLACEMENT OPPORTUNITIES FOR YOUNG PEOPLE, PROVIDING THEM WITH VALUABLE WORK EXPERIENCE AND MENTORSHIP FROM LOCAL ENTREPRENEURS. 2. ENHANCED PARTICIPATION IN PROSOCIAL AND RECREATIONAL ACTIVITIES BASKETBALL PROGRAMS: IN 2023, THE BASKETBALL PROGRAM CONTINUED TO ATTRACT A LARGE NUMBER OF PARTICIPANTS, HOLDING MULTIPLE TOURNAMENTS AND REGULAR TRAINING SESSIONS. THE PROGRAM NOT ONLY PROVIDED PHYSICAL ACTIVITY BUT ALSO EMPHASIZED LEADERSHIP, TEAMWORK, AND DISCIPLINE. HIP-HOP AND POETRY CLASSES: THE HIP-HOP AND POETRY CLASSES GAINED POPULARITY, OFFERING A SAFE SPACE FOR YOUTH TO EXPRESS THEMSELVES ARTISTICALLY. THE PROGRAM CULMINATED IN SEVERAL COMMUNITY PERFORMANCES, SHOWCASING THE TALENT AND CREATIVITY OF THE PARTICIPANTS. YOGA AND WELLNESS PROGRAMS: THE WELLNESS PROGRAMS, INCLUDING YOGA AND MINDFULNESS WORKSHOPS, GREW SIGNIFICANTLY IN 2023. THESE SESSIONS PROMOTED MENTAL HEALTH AWARENESS AMONG YOUTH, HELPING THEM DEVELOP COPING STRATEGIES FOR STRESS AND ANXIETY. 3. EXPANSION OF WORKFORCE DEVELOPMENT AND DIGITAL LITERACY PROGRAMS COMPUTER TRAINING AND FINANCIAL LITERACY WORKSHOPS: THESE PROGRAMS EXPANDED IN 2023, OFFERING MORE FREQUENT SESSIONS ON TOPICS SUCH AS CODING, DIGITAL SKILLS, AND PERSONAL FINANCE. THE FINANCIAL LITERACY WORKSHOPS TAUGHT PARTICIPANTS CRITICAL SKILLS LIKE BUDGETING, SAVING, AND UNDERSTANDING CREDIT, EMPOWERING THEM TO MAKE INFORMED FINANCIAL DECISIONS. COLLABORATION WITH LOCAL EMPLOYERS: R.E.A.D.Y. INC. STRENGTHENED PARTNERSHIPS WITH LOCAL EMPLOYERS TO OFFER INTERNSHIPS AND JOB SHADOWING OPPORTUNITIES, WHICH PROVIDED REAL-WORLD WORK EXPERIENCE FOR YOUTH AND IMPROVED THEIR EMPLOYABILITY POST-PROGRAM. 4. INCREASED COMMUNITY ENGAGEMENT BIG BROTHERS BIG SISTERS MENTORSHIP PROGRAM: THE MENTORSHIP PROGRAM CONTINUED ITS SUCCESS IN 2023, WITH MORE MENTOR-MENTEE PAIRS FORMED, AND A POSITIVE IMPACT SEEN IN THE ACADEMIC AND PERSONAL GROWTH OF THE YOUTH PARTICIPANTS. THE PROGRAMS REACH GREW, ENABLING MORE CHILDREN AND TEENAGERS TO RECEIVE GUIDANCE FROM DEDICATED MENTORS. COMMUNITY EVENTS AND OUTREACH: R.E.A.D.Y. INC. HOSTED SEVERAL SUCCESSFUL COMMUNITY EVENTS, SUCH AS BLOCK PARTIES, BASKETBALL TOURNAMENTS, AND YOUTH PERFORMANCES, WHICH BROUGHT TOGETHER FAMILIES AND FOSTERED A SENSE OF COMMUNITY BELONGING. PARTICIPATION FROM BOTH YOUTH AND ADULTS INCREASED SUBSTANTIALLY COMPARED TO PREVIOUS YEARS. 5. SUCCESSFUL FUNDRAISING AND GRANT ACQUISITION YOUTH AND RECREATION SPORTS AND PROSOCIAL ACTIVITIES EXPANSION GRANT: R.E.A.D.Y. INC. WAS SUCCESSFUL IN SECURING SUBSTANTIAL FUNDING THROUGH THE CITY OF NEW HAVEN FOR FY 2025 AND FY 2026, ALLOWING FOR PROGRAM EXPANSION. THIS GRANT, AIMED AT SPORTS AND PROSOCIAL ACTIVITIES, ENSURED THAT THE ORGANIZATION COULD OFFER MORE RESOURCES AND ACTIVITIES TO YOUTH IN THE COMMUNITY. INCREASED DONATIONS AND FINANCIAL SUPPORT: R.E.A.D.Y. INC. SAW AN INCREASE IN DONATIONS AND FINANCIAL SUPPORT FROM LOCAL BUSINESSES AND DONORS IN 2023, REFLECTING THE COMMUNITYS GROWING TRUST IN THE ORGANIZATIONS MISSION AND PROGRAMS. 6. SUPPORT FOR TEEN PARENTS READY INC TEEN PARENTING PROGRAM: THE TEEN PARENTING PROGRAM EXPANDED ITS SERVICES, OFFERING CASE MANAGEMENT AND PARENTING WORKSHOPS TO MORE YOUNG PARENTS IN 2023. THE PROGRAM HELPED YOUNG PARENTS STAY ENGAGED IN THEIR EDUCATION AND PROVIDED RESOURCES TO SUPPORT THE HEALTHY DEVELOPMENT OF THEIR CHILDREN. 7. FINANCIAL STABILITY AND GROWTH STRONG FINANCIAL PERFORMANCE: DESPITE CHALLENGES, R.E.A.D.Y. INC. MANAGED TO MAINTAIN A HEALTHY FINANCIAL POSITION IN 2023, ENDING THE YEAR WITH A NET PROFIT OF OVER 19,000. CAREFUL FINANCIAL MANAGEMENT, COMBINED WITH SUCCESSFUL FUNDRAISING EFFORTS, ENSURED THE SUSTAINABILITY OF KEY PROGRAMS. OPERATIONAL EFFICIENCY: THE ORGANIZATION MADE STRATEGIC INVESTMENTS IN OFFICE SUPPLIES, TECHNOLOGY, AND STAFF TRAINING, ENSURING THAT RESOURCES WERE USED EFFECTIVELY TO IMPROVE SERVICE DELIVERY AND PROGRAM OUTCOMES. 8. PROGRAM SCALABILITY AND INFRASTRUCTURE DEVELOPMENT IMPROVED FACILITIES AND EQUIPMENT: INVESTMENTS IN INFRASTRUCTURE, INCLUDING SPORTS EQUIPMENT, OFFICE SUPPLIES, AND TECHNOLOGY, ENABLED THE ORGANIZATION TO SCALE ITS PROGRAMS AND SERVE MORE YOUTH. NEW TECHNOLOGY AND EQUIPMENT, SUCH AS COMPUTERS FOR TRAINING PROGRAMS, ENHANCED THE EDUCATIONAL AND RECREATIONAL OFFERINGS. |
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