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Nonprofiteer
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Form 990 for tax year 2022

Filed by SOAR.

Totals

Total revenue
$1,195,763
Total expenses
$1,152,730
Contributions and grants received
$38,155
Grants paid
$0
Program service revenue
$1,147,324
Investment income
$10,284
Other revenue
$0
Total assets, end of year
$758,762
Total liabilities, end of year
$49,971
Net assets or fund balances, end of year
$708,791
Program services expenses (Part IX)
$1,057,146
Management and general expenses
$95,584
Fundraising expenses
$0
Program service expenses (Part III)
$1,057,146

Program services were 91.7% 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.

Revenue

Part VIII, the statement of revenue.

  • 1f · All other contributions, gifts and grants

    $38,155

  • 2a · Program service revenue: TUITION AND FEES

    total $1,147,324 · related or exempt $1,147,324

  • 3 · Investment income

    total $9,934 · excluded $9,934

  • 7a · Gross sales of assets other than inventory

    other assets $350

  • 7b · Less cost or other basis and sales expenses

    other assets $0

  • 7c · Gain or loss

    other assets $350

  • 7d · Net gain or loss

    total $350 · excluded $350

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $71,668 · program services $35,834 · management and general $35,834

  • 7 · Other salaries and wages

    total $724,633 · program services $704,390 · management and general $20,243

  • 8 · Pension plan contributions

    total $10,988 · program services $9,553 · management and general $1,435

  • 9 · Other employee benefits

    total $44,346 · program services $37,620 · management and general $6,726

  • 10 · Payroll taxes

    total $66,411 · program services $62,314 · management and general $4,097

  • 11b · Fees: legal

    total $564 · program services $506 · management and general $58

  • 11c · Fees: accounting

    total $5,215 · management and general $5,215

  • 11g · Fees: other

    total $3,592 · program services $2,973 · management and general $619

  • 12 · Advertising and promotion

    total $5,884 · program services $219 · management and general $5,665

  • 13 · Office expenses

    total $2,703 · program services $592 · management and general $2,111

  • 14 · Information technology

    total $8,223 · program services $4,549 · management and general $3,674

  • 16 · Occupancy

    total $38,126 · program services $31,736 · management and general $6,390

  • 17 · Travel

    total $54,253 · program services $53,767 · management and general $486

  • 22 · Depreciation, depletion and amortization

    total $13,706 · program services $12,990 · management and general $716

  • 23 · Insurance

    total $21,299 · program services $20,434 · management and general $865

  • 24a · Other expenses: HOUSING EXPENSE

    total $53,204 · program services $53,204

  • 24b · Other expenses: CLASS/CURRICULUM EXPENS

    total $23,435 · program services $22,104 · management and general $1,331

  • 24c · Other expenses: TRAINING/CONTINUING EDU

    total $4,480 · program services $4,361 · management and general $119

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $97,419 · end of year $129,709

  • 2 · Savings and temporary cash investments

    beginning of year $512,857 · end of year $544,537

  • 3 · Pledges and grants receivable

    beginning of year $15,000 · end of year $10,000

  • 4 · Accounts receivable

    beginning of year $40,863 · end of year $40,428

  • 9 · Prepaid expenses and deferred charges

    beginning of year $11,531 · end of year $14,931

  • 10a · Land, buildings and equipment: cost or other basis

    $94,232

  • 10b · Land, buildings and equipment: accumulated depreciation

    $80,040

  • 10c · Land, buildings and equipment, net

    beginning of year $27,217 · end of year $14,192

  • 15 · Other assets

    beginning of year $4,965 · end of year $4,965

  • 17 · Accounts payable and accrued expenses

    beginning of year $32,638 · end of year $42,221

  • 19 · Deferred revenue

    beginning of year $11,456 · end of year $7,750

  • 27 · Net assets without donor restrictions

    beginning of year $501,090 · end of year $560,614

  • 28 · Net assets with donor restrictions

    beginning of year $164,668 · end of year $148,177

Mission and programs · 2022

Mission

TO PROVIDE ADULTS EXPERIENCING COGNITIVE, LEARNING, AND SOCIAL DISABILITIES OPPORTUNITIES TO BE CHALLENGED ACADEMICALLY, BUILD RELATIONSHIPS AND PREPARE FOR THEIR TRANSITION INTO A MORE INDEPENDENT LIFE.

Activities or mission (Part I)

PROVIDE ACADEMIC OPPORTUNITIES TO ADULTS WITH DISABILITIES.

  • WORK AND LIFE SKILL SERVICES PROVIDE WORK AND LIFE SKILL TRAINING FOR INDIVIDUALS EXPERIENCEING COGNITIVE, LEARNING, OR SOCIAL DISABILITIES. WORK AND LIFE SKILLS ARE DEVELOPED THROUGH VOLUNTEERISM, COMMUNITY INTEGRATION AND INTERACTIVE LESSONS WHICH ENABLE EACH PERSON TO ACHIEVE THEIR INDIVIDUALIZED GOALS.

    Expenses $358,846 · Revenue $378,450

  • THE READY FOR LIFE ACADEMY PROVIDES POST-SECONDARY EDUCATIONAL EXPERIENCES FOR COLLEGE-AGED INDIVIDUALS DIAGNOSED WITH COGNITIVE, LEARNING, OR SOCIAL DISABILITIES. EACH STUDENT BEGINS THE PROGRAM BY BUILDING A STUDENT-CENTERED LEARNING PLAN TO DEVELOP REALISTIC LEARNING OBJECTIVES, AND IDENTIFY AREAS OF NATURAL TALENT TO BE FURTHER DEVELOPED. BASED ON THE STUDENT'S INTERESTS AND ABILITIES, THE COLLEGES OFFER NON-CREDIT EARNING CLASSES WHICH ARE INTENTIONALLY SELECTED FOR THE STUDENTS TO ATTEND. THE CURRICULUM USED FOCUSES ON TRANSITION SKILLS TO HELP STUDENTS GAIN INDEPENDENCE AND JOB SKILLS AND COURSES ARE TAUGHT TO SUPPLEMENT THE COLLEGE CLASSES THE STUDENTS ATTEND.

    Expenses $698,300 · Revenue $768,874

As filed on the 2022 return.

Listed in Part VII

  • Robin Pegg

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • Dennis Feaster

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • Abby Sievers

    SECRETARY

    Total calculated
    $0
    Hours/week
    2

  • Erin Cunningham

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • Megan Kidulas

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • Jayne Rietburg

    TREASURER

    Total calculated
    $0
    Hours/week
    2

  • Dee Dee Stakley

    PRESIDENT

    Total calculated
    $0
    Hours/week
    2

  • Dean Rietberg

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • Emily Perton

    EXECUTIVE DIRECTOR

    Total calculated
    $90,489
    From this org
    $76,962
    From related orgs
    $0
    Other
    $13,527
    Hours/week
    40

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.

Grants on this return

No itemized grants to organizations on this return.

Provenance

Return type
form_990
Tax year
2022
Filed
15 January 2024
IRS schema version
2022v5.0
Source object
202420169349300917

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