Readyct INC
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Improves public school students' academics and career readiness through partnerships. For fiscal year 2024 it reported $7.5M in revenue, $7.2M in expenses, and $3.1M in net assets.Pt I
Summary of the Filing
Where the work happens
During its 2024-25 program year, readyct significantly advanced economic mobility for connecticut students by bridging the gap between k-12 education and the workforce. The organization provided over 2,900 students with work-based learning (WBL) experiences and delivered career-readiness training to 1,500+ participants.
For the 2024-25 program year, readyct focused on advancing policies that help build the teaching workforce through robust participation on a standards board designed to modernize the credentialing process (including removing barriers to the profession) for connecticut public school teachers, together with some focus on in-service…
Readyct raises public awareness through targeted events (E.G., the annual business & community partner breakfast), emarketing, media outreach, social media, and its website, working to produce engaging content for a range of stakeholders.
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Identity & Classification
Governance & Policies
Officers, Directors & Key Employees
Shannon Marimon’s $265K as Executive Director is at the 93rd percentile of top reported officer pay among 3392 $1–10M education 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 · 8 named individuals · Part VII
| Name | FY2024 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|
| Shannon Marimon | $265,162 | — | — | — | — |
| Shannon M Marimon | — | $238,254 | $215,539 | $201,046 | $199,930 |
| Sheryl McNamee | $175,310 | $144,475 | $127,097 | $111,222 | $104,625 |
| Nailah Adbul-Rahman | $135,528 | — | — | — | — |
| Malia Sieve | $127,907 | $134,450 | — | — | — |
| Gloria Ortiz Rivera | $131,063 | $114,000 | — | — | — |
| Nailah Abdul-Rahman | — | $131,000 | — | — | — |
| Daniel Williamson | $114,769 | — | — | — | — |
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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Statement of Revenue
Statement of Functional Expenses
Balance Sheet
Financial Metrics
Same NTEE category, revenue band, and state where available. Descriptive — not a grade.
| Metric | This org | Peer median | Percentile |
|---|---|---|---|
| Program ratio | 88% | — | — |
| Overhead ratio | 12% | — | — |
| Fundraising cost ratio | 0% | — | — |
| Revenue growth | 25% | — | — |
Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.
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Filings & Schedule Manifest
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Sources
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