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Nonprofiteer
← BE READY INC

Form 990 for tax year 2022

Filed by BE READY INC.

Totals

Total revenue
$1,440
Total expenses
$183,048
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$0
Investment income
$1,440
Other revenue
$0
Total assets, end of year
$202,086
Total liabilities, end of year
$50,454
Net assets or fund balances, end of year
$151,632
Program services expenses (Part IX)
$76,637
Management and general expenses
$106,411
Fundraising expenses
$0
Program service expenses (Part III)
$76,637

Program services were 41.9% 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.

  • 3 · Investment income

    total $1,440 · excluded $1,440

Functional expenses

Part IX, the statement of functional expenses.

  • 7 · Other salaries and wages

    total $32,367 · management and general $32,367

  • 11b · Fees: legal

    total $3,566 · management and general $3,566

  • 11c · Fees: accounting

    total $41,640 · management and general $41,640

  • 11g · Fees: other

    total $52,010 · program services $48,860 · management and general $3,150

  • 12 · Advertising and promotion

    total $8,021 · program services $5,678 · management and general $2,343

  • 13 · Office expenses

    total $8,706 · program services $4,182 · management and general $4,524

  • 14 · Information technology

    total $2,340 · program services $1,124 · management and general $1,216

  • 16 · Occupancy

    total $7,242 · management and general $7,242

  • 17 · Travel

    total $2,752 · program services $452 · management and general $2,300

  • 23 · Insurance

    total $2,814 · program services $1,992 · management and general $822

  • 24a · Other expenses: MEMBERSHIPS & SUBSCRIPT

    total $13,935 · program services $6,694 · management and general $7,241

  • 24b · Other expenses: PROGRAM MATERIALS

    total $7,655 · program services $7,655

Balance sheet

Part X, book values.

  • 2 · Savings and temporary cash investments

    beginning of year $450,312 · end of year $200,693

  • 9 · Prepaid expenses and deferred charges

    end of year $1,393

  • 17 · Accounts payable and accrued expenses

    beginning of year $7,984 · end of year $481

  • 25 · Other liabilities

    beginning of year $109,088 · end of year $49,973

  • 27 · Net assets without donor restrictions

    beginning of year $333,240 · end of year $151,632

Mission and programs · 2022

Mission

BE READY INVESTS IN BLACK WOMEN TO PREPARE THEM TO BE CIVICALLY ENGAGED, RUN FOR OFFICE, WIN SEATS OF POWER, DISRUPT INEQUITABLE SYSTEMS, AND IMPACT POLICIES AFFECTING BLACK AND BROWN COMMUNITIES.

Activities or mission (Part I)

BE READY ENDEAVORS TO CREATE A WORLD WITH EQUITABLE REPRESENTATION OF BLACK WOMEN IN POSITIONS OF POWER AND INFLUENCE ACROSS THE NATION.

  • BE READY LAUNCHED THE "DEAR AMERICA" PROJECT IN PARTNERSHIP WITH PROJECT READY. THE PROJECT CONSISTS OF A SPOKEN AND LETTER-WRITING CAMPAIGN TO AMPLIFY THE VOICES OF BLACK WOMEN AND GIRLS ON THE ISSUES MOST IMPORTANT TO THEM AND THEIR COMMUNITY. THE GOAL OF THE PROJECT IS TO CURATE 1000 LETTERS, CREATE 50 PODCAST EPISODES AND FILM A DOCUMENTARY CAPTURING THE STORIES AND VOICES OF PARTICIPANTS.

    Expenses $76,637

As filed on the 2022 return.

Listed in Part VII

  • Shennell McCloud

    EXECUTIVE DIRECTOR

    Total calculated
    $244,697
    From this org
    $0
    From related orgs
    $211,651
    Other
    $33,046
    Hours/week
    10 + 30 related

    Schedule J breakdown matched by us

    Base
    $0 + $191,651 related
    Bonus
    $0 + $10,500 related
    Other
    $0 + $9,500 related
    Deferred
    $0
    Nontaxable benefits
    $0 + $33,046 related
    Filer's total
    $0 + $244,697 related

  • Karin Gerald

    TREASURER/COO

    Total calculated
    $178,172
    From this org
    $0
    From related orgs
    $144,622
    Other
    $33,550
    Hours/week
    8 + 32 related

    Schedule J breakdown matched by us

    Base
    $0 + $127,689 related
    Bonus
    $0 + $10,500 related
    Other
    $0 + $6,433 related
    Deferred
    $0
    Nontaxable benefits
    $0 + $33,550 related
    Filer's total
    $0 + $178,172 related

  • Nayibe Capellan

    CHIEF OF STAFF

    Total calculated
    $161,026
    From this org
    $0
    From related orgs
    $147,696
    Other
    $13,330
    Hours/week
    5 + 35 related

    Schedule J breakdown matched by us

    Base
    $0 + $130,763 related
    Bonus
    $0 + $10,500 related
    Other
    $0 + $6,433 related
    Deferred
    $0
    Nontaxable benefits
    $0 + $13,330 related
    Filer's total
    $0 + $161,026 related

  • Jazz Clayton-Hunt

    CHAIR

    Total calculated
    $0
    Hours/week
    0.25

  • Danielle West-Augustin

    SECRETARY

    Total calculated
    $0
    Hours/week
    0.17

  • Gillian Francis

    BOARD TRUSTEE

    Total calculated
    $0
    Hours/week
    0.17

  • Jacelyn Matthews

    BOARD TRUSTEE

    Total calculated
    $0
    Hours/week
    0.17

  • Nicole Harris

    BOARD TRUSTEE

    Total calculated
    $0
    Hours/week
    0.17

  • Tai Cooper

    BOARD TRUSTEE

    Total calculated
    $0
    Hours/week
    0.17

  • Tanya Johnson

    BOARD TRUSTEE

    Total calculated
    $0
    Hours/week
    0.17

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

Answered yes

  • 3 · Approval by the board or compensation committee

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

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.

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Provenance

Return type
form_990
Tax year
2022
Filed
25 March 2024
IRS schema version
2022v5.0
Source object
202430949349300023

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