Form 990 for tax year 2023

Totals

Total revenue

$5,998,405

Total expenses

$5,179,604

Contributions and grants received

$4,428,399

Grants paid

$0

Program service revenue

$1,553,493

Investment income

$13,448

Other revenue

$3,065

Total assets, end of year

$6,346,659

Total liabilities, end of year

$3,553,918

Net assets or fund balances, end of year

$2,792,741

Program services expenses (Part IX)

$4,608,655

Management and general expenses

$554,797

Fundraising expenses

$16,152

Program service expenses (Part III)

$4,608,655

Program services were 89.0% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Mission and programs · 2023

• FOR THE 2023-24 ACADEMIC YEAR, READYCT OPERATED 17 CAREER PATHWAYS IN 11 SCHOOL BUILDINGS IN FIVE MUNICIPALITIES, WITH TEAM MEMBERS MANAGING AND/OR OFFERING WORK-BASED LEARNING COORDINATION ACROSS 18 CAREER PATHWAY PROGRAMS (CPP). READYCT ALSO SUPPORTED A PROJECT IN EASTERN CT FOCUSED ON SUPPORTING YOUTH MANUFACTURING AND HEALTHCARE PIPELINES, REACHING NEARLY 20 SCHOOLS. ALL CPP FOCUSES ON BRINGING BUSINESS PROFESSIONALS AND COMMUNITY-BASED PARTNERS INTO THE SCHOOL IN WAYS THAT COMPLEMENT THEMED COURSEWORK AND HELP STUDENTS UNDERSTAND CAREER OPPORTUNITIES AVAILABLE TO THEM. AS WELL, THE CPP EXPERIENCE PREPARES STUDENTS FOR THOSE OPPORTUNITIES, WHETHER THEY PURSUE CONTINUED EDUCATION/TRAINING OR GO DIRECTLY INTO THE WORKFORCE. READYCT CPP IS SPECIFICALLY DESIGNED TO ALIGN WITH CONNECTICUT'S HIGH-GROWTH, HIGH-DEMAND INDUSTRIES. CURRENT THEMES INCLUDE BUSINESS/FINANCIAL SERVICES, COMPUTER SCIENCE, ENGINEERING/GREEN TECHNOLOGY, HEALTHCARE, INFORMATION TECHNOLOGY, INSURANCE/FINANCIAL SERVICES, MANUFACTURING, AND PUBLIC SERVICE.A CORE COMPONENT OF PROGRAMMING IS STUDENTS' CAREER PREPARATION EXPERIENCE, SO CPP ALSO INCLUDES A WORK-READINESS CURRICULUM THAT HELPS STUDENTS LEARN AND APPLY SKILLS SUCH AS TIME MANAGEMENT, PROFESSIONAL COMMUNICATIONS, PERSONAL BRANDING, WORKPLACE ETIQUETTE, RESUME WRITING, AND INTERVIEWING. FOR MANY STUDENTS, THE CPP EXPERIENCE CULMINATES WITH A PAID INTERNSHIP EXPERIENCE ALIGNED WITH THEIR CAREER PATHWAY THEME. SOME OF THE STATE'S LARGEST EMPLOYERS HOST READYCT INTERNS, INCLUDING HARTFORD HEALTHCARE, TRAVELERS, PRATT & WHITNEY, AND EY. AS WELL, MID-SIZED AND SMALLER, FAMILY-OWNED COMPANIES WELCOME READYCT INTERNS, YEAR AFTER YEAR. FOR 2023-24, OVER 600 STUDENTS HAD HIGH-QUALITY PAID INTERNSHIPS WITH READYCT AS A RESULT OF THEIR CAREER READINESS TRAINING.OTHER READYCT PROGRAMMING ALIGNED WITH CAREER READINESS FOR YOUTH INCLUDE STUDENT 5.0 (FOR HIGH SCHOOL SENIORS GRADUATING WITHOUT A POSTSECONDARY PLAN); FIRST ROBOTICS (TO SUPPORT ENGINEERING AND ROBOTICS COMPETITIONS AND EXPAND ACCESS TO ROBOTICS PROGRAMMING STATEWIDE); THE LIEUTENANT GOVERNOR'SCOMPUTING CHALLENGE; G.R.I.T. (AN INTERNSHIP PROGRAM FOR YOUNGER HIGH SCHOOL STUDENTS); AND F.R.Y.A. (A FIRST RESPONDERS PIPELINE DEVELOPMENT PROGRAM).READYCT PROGRAMMING FOCUSES CHIEFLY ON UNDERSERVED STUDENTS, TYPICALLY LOW-INCOME STUDENTS, DISPROPORTIONATELY REPRESENTED BY STUDENTS OF COLOR. A LARGE MAJORITY OF STUDENTS IN READYCT PROGRAMMING REPORT NAVIGATING ADVERSITY, INCLUDING FOOD INSECURITY, UNSTABLE HOUSING, POVERTY, AND DOMESTIC AND COMMUNITY VIOLENCE. AS A RESULT, READYCT SERVES AS A STABLE AND POSITIVE PRESENCE, HELPING STUDENTS ENVISION WHAT THEY WANT TO BECOME AND HOW TO GET THERE.

  Expenses $4,600,102 · Revenue $1,553,493

• READYCT'S MOST RECENT POLICY WORK HAS BEEN AT THE ADMINISTRATIVE LEVEL. THE WORK INCLUDES ENGAGEMENT WITH THE GOVERNOR'S WORKFORCE COUNCIL EDUCATION + TRAINING AND WORK-BASED LEARNING COMMITTEES, CHARGED WITH BETTER ALIGNING THE STATE'S PUBILC EDUCATION SYSTEM WITH CONNECTICUT'S WORKFORCE NEEDS.

  Expenses $8,553

• READYCT RAISES PUBLIC AWARENESS THROUGH TARGETED EVENTS (E.G., THE ANNUAL BUSINESS & COMMUNITY PARTNER BREAKFAST), E-MARKETING, MEDIA OUTREACH, SOCIAL MEDIA, AND ITS WEBSITE, WORKING TO PRODUCE ENGAGING CONTENT FOR A RANGE OF STAKEHOLDERS. STAKEHOLDERS INCLUDE STUDENTS, PARENTS, TEACHERS, FUNDERS, PARTNERS, COLLABORATORS, LEGISLATORS, AND OTHER INFLUENCERS

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

No itemized grants to organizations on this return.

Provenance

Return type

form_990

Tax year

2023

Filed

3 April 2025

IRS schema version

2023v6.0

Source object

202500989349300335

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

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