Ready for Life INC

Tax-deductible

Largo, FL501(c)(3)Human ServicesEIN 26-4032979Revenue $1.3M in FY2025

On file with the IRSreadyforlifepinellas.org2300 Tall Pines Dr Ste 100, 33771-5348 · Largo, FLTax-exempt since Mar 2009Publicly supported — 509(a)(2)

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To assist the youth of the community in transitioning from foster care to adulthood.

501(c)(3) charity; gifts are tax-deductible.
84¢ of each $1 spent went to programs.
Run by 210 volunteers and 17 employees.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · People: Part I, lines 5–6

Before you give

FY2025 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
3 of 6
filings with a surplus
Average deficit $18K a year · 2% of revenue · last 6 filings
Worth a look: a surplus in 3 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
84%
of spending
Looks good: 84% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$114K
to officers and key staff · 7% of spending
Top officer’s pay lower than 52% of similar orgs
Looks good: pay to officers and key staff is 7% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
3 mo
of spending, in cash
Fine: 2.8 months of spending in cash; 1 to 3.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
4
named funders · $93K
Looks good: 4 funders name it on their filings; 3 or more.
Funders’ Sch. I, 990-PF
Liabilities
$475K
79% of total assets
Worth a look: liabilities are 79% of assets; over 65%.
Pt X · Ln 26
Independent board members
14
of 14 voting members
Looks good: 14 of 14 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$1.3M
+19% vs prior year
Spent
$1.6M
To programs
84%
Net assets
$126K
By yearFY2020–FY2025
Revenue
$1.3M
FY2025▲ +19%
Tap a bar for its year
Revenue by fiscal year
FY2020$821K
FY2021$928K
FY2022$1.1M
FY2023$1.2M
FY2024$1.1M
FY2025$1.3M
Expenses
$1.6M
FY2025▲ +34%
Tap a bar for its year
Expenses by fiscal year
FY2020$765K
FY2021$958K
FY2022$962K
FY2023$1.0M
FY2024$1.2M
FY2025$1.6M
Net assets
$126K
FY2025▼ -72%
Tap a bar for its year
Net assets by fiscal year
FY2020$292K
FY2021$262K
FY2022$374K
FY2023$574K
FY2024$451K
FY2025$126K

From the FY2025 Form 990 (year ending June 2025) · figures checked against the IRS filing · see the original

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Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Mar 2009.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

84 cents of each dollar spent went to programs.

Program services 84% · $1.3M Management & general 11% · $178K Fundraising 5% · $72K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

15 people listed on the 990; $114K paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2024); the FY2025 filing did not itemize Part VII
$113,799Pt VII · Sec A
Vice-Chairman
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A

Kathy Mize’s $114K as CEO is at the 48th percentile of top reported officer pay among 3868 $1–10M human services nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 1 named individual · Part VII

NameFY2025FY2024FY2023FY2022FY2021FY2020
Kathy Mize$113,799$110,448$105,902$103,978$100,499$97,922

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Helps young people leaving foster care successfully transition to independent adulthood.

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Provided by the organization

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1 program · $1.3M · in their own filed words · FY2024
01

Youth Support

To engage foster care youth, private citizens and public resources to assist pinellas county foster care youth in successful transitions to adulthood. The organization's goal is to be a link between the youth and the many resources available to assist them as well as give the youth the voice to help create and run the organization's many…

$1.3Mprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · funders on record
Grants received · FY2025
Total grants receivedfrom 4 funders$93K
See all 4 funders →

By the numbers

The FY2025 990, line by line.

1The main four
Money inPt VIII
$1.3M
Ln 12
Gifts and grantsLn 1h$1.4M
Investment incomeLn 3$12K
Money outPt IX
$1.6M
Ln 25
Programscol B$1.3M
Managementcol C$178K
Fundraisingcol D$72K
Owns and owesPt X
$126K
net assets · Ln 32
Cash and savingsLn 1–2$375K
Total assetsLn 16$601K
LiabilitiesLn 26$475K
PeoplePt VI, VII
15
listed · VII A
PaidVII A1
Voting boardVI 1a14
IndependentVI 1b14
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$1.4M
Government grantsLn 1e$337K
Noncash giftsLn 1g$118K
Fundraising eventsLn 1c$172K
Investment incomeLn 3$12K
Total revenueLn 12$1.3M
Assets in detailPt X, end of year
CashLn 1$27K
SavingsLn 2$348K
Cash and savings togetherLn 1–2$375K
Land, buildings, equipmentLn 10c$50K
Other assetsLn 15$175K
Total assetsLn 16$601K
LiabilitiesLn 26$475K
Net assetsLn 32$126K
OperationsPt I, VI
EmployeesI 517
VolunteersI 6210
Fiscal year endsHeaderJune
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY25End FY25
Cash and savingsLn 1–2$453K$375K
Land, buildings, equipmentLn 10c$43K$50K
Total assetsLn 16$660K$601K
LiabilitiesLn 26$209K$475K
Net assetsLn 32$451K$126K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$114K$92K$16K$6K
Other salaries and wagesLn 7$519K$418K$72K$29K
Other employee benefitsLn 9$24K$19K$3K$1K
Payroll taxesLn 10$66K$53K$9K$4K
Accounting feesLn 11c$11K$5K$5K$1K
Other fees for servicesLn 11g$140K$68K$58K$13K
Advertising and promotionLn 12$11K$8K$3K
Office expensesLn 13$11K$7K$322$4K
Information technologyLn 14$31K$25K$2K$5K
OccupancyLn 16$114K$104K$7K$3K
Conferences, conventions and meetingsLn 19$2K$1K$263
Depreciation, depletion and amortizationLn 22$20K$16K$3K$1K
InsuranceLn 23$13K$10K$2K$716
Other expenses (24a–d)Ln 24$525K$523K$1K$586
Total functional expensesLn 25$1.6M$1.3M$178K$72K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest Viewing $1.3M$1.6M−$325K$126K 990 PDF
FY2024 $1.1M$1.2M−$123K$451K 990 PDF
FY2023 $1.2M$1.0M$200K$574K 990 PDF
FY2022 $1.1M$962K$112K$374K 990 PDF
FY2021 $928K$958K−$30K$262K 990 PDF
FY2020 $821K$765K$55K$292K 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2025 990 (6 parts)
Part I · Summary $1,274,627 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $1,150,811$1,399,047
I-9 Program service revenuePrior year $0$0
I-10 Investment incomePrior year $18,176$12,400
I-11 Other revenuePrior year −$101,985−$136,820
I-12 Total revenuePrior year $1,067,002$1,274,627
I-13 Grants and similar amounts paidPrior year $0$0
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $629,394$722,487
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $560,227$877,334
I-18 Total expensesPrior year $1,189,621$1,599,821
I-19 Revenue less expensesPrior year −$122,619−$325,194
Part VI · Governance 14 of 14 board members independent, 3 to look at
VI-1a Voting members of the governing body14
VI-1b Independent voting members14
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
Part VIII · Statement of revenue $1,274,627 across 8 lines filed
VIII-1c Fundraising events$172,420
VIII-1e Government grants$336,695
VIII-1f All other contributions, gifts and grants$889,932
VIII-1g Noncash contributions (included above)$117,608
VIII-1h Total contributions, gifts and grants$1,399,047
VIII-3 Investment incomeExcluded from tax $12,400$12,400
VIII-8 Net income from fundraising eventsExcluded from tax −$136,820−$136,820
VIII-12 Total revenueRelated to mission $0 · Unrelated business $0 · Excluded from tax −$124,420$1,274,627
Part IX · Statement of functional expenses $1,599,821 across 14 lines filed
IX-5 Pay of current officers, directors and key staffPrograms $91,556 · Management $15,786 · Fundraising $6,457$113,799
IX-7 Other salaries and wagesPrograms $417,765 · Management $72,031 · Fundraising $29,464$519,260
IX-9 Other employee benefitsPrograms $18,972 · Management $3,271 · Fundraising $1,338$23,581
IX-10 Payroll taxesPrograms $52,977 · Management $9,134 · Fundraising $3,736$65,847
IX-11c Accounting feesPrograms $4,736 · Management $4,736 · Fundraising $1,052$10,524
IX-11g Other fees for servicesPrograms $67,921 · Management $58,443 · Fundraising $13,487$139,851
IX-12 Advertising and promotionPrograms $8,456 · Fundraising $2,819$11,275
IX-13 Office expensesPrograms $7,102 · Management $322 · Fundraising $3,711$11,135
IX-14 Information technologyPrograms $25,166 · Management $1,624 · Fundraising $4,708$31,498
IX-16 OccupancyPrograms $104,304 · Management $6,707 · Fundraising $2,805$113,816
IX-19 Conferences, conventions and meetingsPrograms $1,342 · Management $263$1,605
IX-22 Depreciation, depletion and amortizationPrograms $15,864 · Management $2,735 · Fundraising $1,119$19,718
IX-23 InsurancePrograms $10,151 · Management $1,750 · Fundraising $716$12,617
IX-24 Other expenses (24a–d)Programs $523,310 · Management $1,399 · Fundraising $586$525,295
IX-25 Total functional expensesPrograms $1,349,622 · Management $178,201 · Fundraising $71,998$1,599,821
Part X · Balance sheet $601,081 assets, 14 lines filed
X-1 Cash, non-interest-bearingStart of year $45,623$26,992
X-2 Savings and temporary cash investmentsStart of year $407,655$348,302
X-9 Prepaid expenses and deferred chargesStart of year $300$300
X-10c Land, buildings and equipment, netStart of year $43,015$50,328
X-15 Other assetsStart of year $163,862$175,159
X-16 Total assetsStart of year $660,455$601,081
X-17 Accounts payable and accrued expensesStart of year $49,459$59,767
X-19 Deferred revenue$244,500
X-25 Other liabilitiesStart of year $159,637$170,649
X-26 Total liabilitiesStart of year $209,096$474,916
X-27 Net assets without donor restrictionsStart of year $438,578$94,674
X-28 Net assets with donor restrictionsStart of year $12,781$31,491
X-32 Total net assets or fund balancesStart of year $451,359$126,165
X-33 Total liabilities and net assetsStart of year $660,455$601,081
Part XI · Reconciliation of net assets $126,165 net assets at year end
XI-1 Total revenue$1,274,627
XI-2 Total expenses$1,599,821
XI-3 Revenue less expenses−$325,194
XI-4 Net assets at start of year$451,359
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$126,165

Form 990 e-file (XML) FY2025 from the IRS · Classification, formation year and address from the IRS Business Master File

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