Let's Get Ready is a educational service provider based in New York, NY that was founded in 1999. As of 2019 they had $3.4 million in revenue and $1.4 million in assets.
Let's Get Ready, Inc. Provides high school students from low-income backgrounds with free sat preparation, admissions counseling and other support services needed to gain admission to and graduate from college. Services are provided by volunteer colle...
EIN:
31-1698832
City:
State:
Metro:
Website:
Founded:
1999
Type:
501(c)(3)
NTEE:
Revenue:
$3,433,136
Assets:
$1,403,468
Employees:
276
Fiscal year end:
August
Program areas at Let's Get Ready
Let's Get Ready, Inc. Provided 4,862 high school students throughout the northeast with intensive sat preparation and critical assistance with all aspects of the college admissions process including college selection, campus visits, applications, personal statement and financial aid opportunities through its college access program. Through its college success program, Let's Get Ready, Inc. also supported thousands of students to transition to and persist in college by helping them navigate the complexities of college life through one-one-support, resource aggregation, mentoring events and community-building. Services were provided by over 654 volunteer college students (coaches) trained and managed by Let's Get Ready, Inc. who serve as tutors, mentors and advisers.
Form 990s for Let's Get Ready
| Fiscal year ending | Date received by IRS | Form | PDF link |
|---|
| 2019-08 | Aug 25, 2020 | 990 | View PDF |
| 2018-08 | Nov 2, 2019 | 990 | View PDF |
| 2018-08 | Oct 4, 2019 | 990 | View PDF |
| 2017-08 | Sep 12, 2018 | 990 | View PDF |
| 2016-08 | Aug 10, 2017 | 990 | View PDF |
| ...and six more Form 990 PDFs |
Financials for Let's Get Ready
| Field | 2019 | 2018 | % Change |
|---|
| Federated campaigns | $0 | $0 | |
| Membership dues | $0 | $0 | |
| Fundraising event contributions | $1,181,659 | $777,930 | 51.9% |
| Related organizations | $0 | $0 | |
| Government grants (contributions) | $0 | $0 | |
| Normal grants, contributions, etc. | $1,986,676 | $2,445,479 | -18.8% |
| <em>Non-cash contributions included in above</em> | $45,786 | $0 | 999% |
| Total grants, contributions, etc. | $3,168,335 | $3,223,409 | -1.7% |
| Field | 2019 | 2018 | % Change |
|---|
| Total grants, contributions, etc. | $3,168,335 | $3,223,409 | -1.7% |
| Program services | $286,150 | $298,282 | -4.1% |
| Investment income and dividends | $18,399 | $19,933 | -7.7% |
| Tax-exempt bond proceeds | $0 | $0 | |
| Royalty revenue | $0 | $0 | |
| Net rental income | $0 | $0 | |
| Net gain from sale of non-inventory assets | $52,501 | $0 | 999% |
| Net income from fundraising events | $-92,249 | $0 | -999% |
| Net income from gaming activities | $0 | $0 | |
| Net income from sales of inventory | $0 | $0 | |
| Miscellaneous revenues | $0 | $0 | |
| Total revenues | $3,433,136 | $3,541,624 | -3.1% |
| Field | 2019 | 2018 | % Change |
|---|
| Grants to govts. and orgs. in USA | $0 | $0 | |
| Grants to individuals in USA | $0 | $0 | |
| Grants to govts., orgs., and individuals outside USA | $0 | $0 | |
| Benefits paid to or for members | $0 | $0 | |
| Compensation of current officers, etc. | $547,366 | $427,903 | 27.9% |
| Compensation not included above, to disqualified persons | $0 | $0 | |
| Non-officer salaries and wages | $1,964,690 | $1,960,038 | 0.2% |
| Pension/retirement accruals and contributions | $26,400 | $0 | 999% |
| Other employee benefits | $124,996 | $186,502 | -33.0% |
| Payroll taxes | $247,577 | $228,855 | 8.2% |
| Management fees | $0 | $0 | |
| Legal fees | $5,100 | $7,203 | -29.2% |
| Accounting fees | $13,700 | $37,612 | -63.6% |
| Lobbying fees | $0 | $0 | |
| Pro. fundraising fees | $22,000 | $44,845 | -50.9% |
| Investment mgmt fees | $42 | $0 | 999% |
| Other fee-for-service | $223,925 | $190,831 | 17.3% |
| Advertising and promotion | $47,260 | $0 | 999% |
| Office expenses | $66,566 | $257,283 | -74.1% |
| Information tech. expenses | $140,331 | $0 | 999% |
| Royalty expenses | $0 | $0 | |
| Occupancy | $186,067 | $219,869 | -15.4% |
| Travel | $110,002 | $41,143 | 167.4% |
| Public official travel and entertainment | $0 | $0 | |
| Conferences, meetings, etc. | $268 | $0 | 999% |
| Interest | $0 | $0 | |
| Payments to affiliates | $0 | $0 | |
| Depreciation, amortization, etc. | $28,897 | $31,296 | -7.7% |
| Insurance | $9,252 | $11,968 | -22.7% |
| All other expenses | $135,040 | $324,549 | -58.4% |
| Total expenses | $3,899,479 | $3,969,897 | -1.8% |
| Field | 2019 | 2018 | % Change |
|---|
| Cash (non-interest-bearing) | $44,414 | $14,674 | 202.7% |
| Savings, short-term investments, etc. | $447,232 | $990,620 | -54.9% |
| Pledges and grants receivable | $587,409 | $0 | 999% |
| Accounts receivable | $33,000 | $688,389 | -95.2% |
| Loans receivable from officers, directors, etc. | $0 | $0 | |
| Loans receivable from other disqualified persons | $0 | $0 | |
| Notes and loans receivable | $0 | $0 | |
| Inventories for use | $0 | $0 | |
| Prepaid expenses and deferred charges | $21,617 | $22,241 | -2.8% |
| Buildings, equipment, etc. post-depreciation | $54,424 | $61,510 | -11.5% |
| Investments, publicly traded securities | $167,096 | $0 | 999% |
| Investments, other securities | $0 | $0 | |
| Investments, program-related | $0 | $0 | |
| Intangible assets | | $21,811 | -40.7% |
| Other assets | $48,276 | $45,776 | 5.5% |
| Total assets | $1,403,468 | $1,845,021 | -23.9% |
| Field | 2019 | 2018 | % Change |
|---|
| Accounts payable and accrued expenses | $65,142 | $20,169 | 223.0% |
| Grants payable | $0 | $0 | |
| Deferred revenue | $4,000 | $151,713 | -97.4% |
| Tax-exempt bond liabilities | $0 | $0 | |
| Escrow or custodial account liability | $0 | $0 | |
| Loans payable to officers and disqualified persons | $0 | $0 | |
| Secured mortgages and notes payable to unrelated third parties | $0 | $0 | |
| Unsecured notes and loans payable to unrelated third parties | $0 | $0 | |
| Other liabilities | $21,377 | $0 | 999% |
| Total liabilities | $90,519 | $171,882 | -47.3% |
| Field | 2019 | 2018 | % Change |
|---|
| Unrestricted net assets | $638,690 | $859,206 | -25.7% |
| Temporarily restricted net assets | $674,259 | $813,933 | -17.2% |
| Permanently restricted net assets | $0 | $0 | |
Vendors for Let's Get Ready
| Vendor | Services | Amount paid | Date |
|---|
| Kimbia | Fundraising software | | 2020-09-16 |
| ███████ ███ ████ | Fundraising software; Payment processing | | 2020-09-16 |
| █████████ | Content management system software | | 2020-09-16 |
| ████████ ███████ | Marketing software | | 2020-09-16 |
| ███ ████████ ██████ ███ | Tax accounting | | 2020-07-14 |
| ██████ ███ | Software | | 2019-09-06 |
| ███ ██████████ ███ ██████ ███ | Event Coordinator | $22,000 | 2019-08-01 |
Personnel at Let's Get Ready
| Name | Title | Compensation | Most recent data |
|---|
| Lena Eberhart | Interim Chief Executive Officer / Chief Program Officer | $139,050 | Aug. 8, 2020 |
| Natasha Requena | Chief Development and External Affairs Officer | - | Aug. 11, 2019 |
| █████ █████ | Vice President , Individual Giving and Alumni / Executive Director Mid Atl | $113,400 | Aug. 8, 2020 |
| ███████ ███████ | National Director of Development / Executive Director , New England | - | Aug. 8, 2020 |
| █ ███████ █████ | Director of Finance and Operations | - | Aug. 11, 2019 |
| ████ ███████ | Director of Data and Evaluation | - | Aug. 8, 2020 |
| █████ ██████ | Director of Institutional Giving and Development Operations | - | Aug. 11, 2019 |
| █████ ██████████ | Managing Director of Program Design / Director of Education and Training | - | Aug. 8, 2020 |
| ██████ ██████ | Managing Director of Program , Mid - Atlantic | - | Aug. 8, 2020 |
| █████ ████████ | Managing Director of Program , New England / New England Program Director | - | Aug. 8, 2020 |
| ...and 26 more key personnel |
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