Form 990-EZ for tax year 2023

Totals

Total revenue

$149,222

Total expenses

$123,018

Contributions and grants received

$149,221

Grants paid

$6,531

Program service revenue

— not reported

Membership dues (line 3)

— not reported

Investment income (line 4)

$1

Gain or loss on sale of assets (line 5c)

— not reported

Gaming and fundraising events, net (line 6d)

— not reported

Gross profit on inventory sales (line 7c)

— not reported

Other revenue (line 8)

— not reported

Total assets, end of year

$21,903

Total liabilities, end of year

— not reported

Net assets or fund balances, end of year

$21,903

Program service expenses (Part III)

$121,320

Program services were 98.6% of total expenses calculated — Part III's total program service expenses over total expenses, both as filed.

Mission and programs · 2023

• 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.

  Expenses $121,320 · Grants $6,531

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

Listed in Part IV

Compensation is as filed in Part IV of the Form 990-EZ: compensation, contributions to benefit plans, expense account, 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.

Grants on this return

No itemized grants to organizations on this return.

Provenance

Return type

form_990_ez

Tax year

2023

Filed

20 March 2025

IRS schema version

2023v6.0

Source object

202530799349200638

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

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