Readysetexcel INC FY2022 filing

Tax-deductible

Palo Alto, CA501(c)(3)EducationEIN 83-3195473Revenue $68K in FY2022

On file with the IRSreadysetexcel.org1330 Greenwood Ave, 94301-3414 · Palo Alto, CATax-exempt since Nov 2019Publicly supported charity — 170(b)(1)(A)(vi)

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Student empowerment and stem success for all students.

501(c)(3) charity; gifts are tax-deductible.
93¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

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FY2022 · 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
2 of 5
filings with a surplus
Average deficit $15K a year · 26% of revenue · last 5 filings
Concern: a surplus in 2 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
93%
of spending
Looks good: 93% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
5 mo
of spending, in cash
Looks good: 4.9 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
2
named funders · $30K
Fine: 2 funders name it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$0
0% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
Pt X · Ln 26
Independent board members
2
of 2 voting members
Looks good: 2 of 2 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$68K
-48% vs prior year
Spent
$100K
To programs
93%
Net assets
$45K
By yearFY2021–FY2025
Revenue
$68K
FY2022▼ -48%
Tap a bar for its year
Revenue by fiscal year
FY2021$131K
FY2022$68K
FY2023$73K
FY2024$5K
FY2025$12K
Expenses
$100K
FY2022▼ -36%
Tap a bar for its year
Expenses by fiscal year
FY2021$157K
FY2022$100K
FY2023$67K
FY2024$1K
FY2025$40K
Net assets
$45K
FY2022▼ -42%
Tap a bar for its year
Net assets by fiscal year
FY2021$77K
FY2022$45K
FY2023$51K
FY2024$55K
FY2025$18K

From the FY2022 Form 990 (year ending June 2022) · see the original

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You’re viewing the FY2022 filing — not the latest on file. See the latest (FY2025) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Nov 2019.

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

Where the money goes

93 cents of each dollar spent went to programs.

Program services 93% · $94K Management & general 7% · $7K

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

2 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2021); the FY2022 filing did not itemize Part VII
$0Pt VII · Sec A
CTO/Treasurer
$0Pt VII · Sec A

Maya Srinivasan’s $10K as President is at the 34th percentile of top reported officer pay among 146 <$100K 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 · 2 named individuals · Part VII

NameFY2025FY2023FY2021
Maya Srinivasan$10,500$1,000$22,000
Asavari Ukidve$7,000$1,000$22,000

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

Empowering all students for success in STEM fields.

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Provided by the organization

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3 programs · $94K · in their own filed words · FY2021
01

Content creation, quality assurance, stability of software service

$93Kprogram expense
02

Easy integration of various features needed in the the diagnostic testing or reporting platform

$956program expense
03

Hosting the services on amazon provides a stable cloud deployment and ready access to any STUDENT/TEACHER/SCHOOL, and easy online access to diagnostic testing and reporting data.

$209program 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 · FY2022
Total grants receivedfrom 2 funders$30K

By the numbers

The FY2022 990, line by line.

1The main four
Money inPt VIII
$68K
Ln 12
Gifts and grantsLn 1h$47K
Fees for servicesLn 2g$21K
Money outPt IX
$100K
Ln 25
Programscol B$94K
Managementcol C$7K
Owns and owesPt X
$45K
net assets · Ln 32
Cash and savingsLn 1–2$41K
Total assetsLn 16$45K
LiabilitiesLn 26$0
PeoplePt VI, VII
2
listed · VII A
PaidVII A0
Voting boardVI 1a2
IndependentVI 1b2
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$47K
Fees for servicesLn 2g$21K
Total revenueLn 12$68K
Assets in detailPt X, end of year
CashLn 1$41K
Cash and savings togetherLn 1–2$41K
Total assetsLn 16$45K
LiabilitiesLn 26$0
Net assetsLn 32$45K
OperationsPt I, VI
EmployeesI 50
VolunteersI 60
Fiscal year endsHeaderJune
Conflict-of-interest policyVI 12aNo
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY22End FY22
Cash and savingsLn 1–2$77K$41K
Total assetsLn 16$77K$45K
LiabilitiesLn 26$0$0
Net assetsLn 32$77K$45K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Other salaries and wagesLn 7$88K$88K
Payroll taxesLn 10$4K$4K
Accounting feesLn 11c$500$500
Other fees for servicesLn 11g$2K$2K
Office expensesLn 13$868$868
InsuranceLn 23$566$566
Other expenses (24a–d)Ln 24$4K$1K$3K
All other expensesLn 24e$185$185
Total functional expensesLn 25$100K$94K$7K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $12K$40K−$28K$18K 990 PDF
FY2024 $5K$1K$4K$55K 990 PDF
FY2023 $73K$67K$6K$51K 990 PDF
FY2022 Viewing $68K$100K−$32K$45K 990 PDF
FY2021 $131K$157K−$26K$77K 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 FY2022 990 (6 parts)
Part I · Summary $68,325 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $127,701$47,446
I-9 Program service revenuePrior year $3,250$20,879
I-10 Investment incomePrior year $0$0
I-11 Other revenuePrior year $0$0
I-12 Total revenuePrior year $130,951$68,325
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 $137,528$92,395
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $19,748$8,089
I-18 Total expensesPrior year $157,276$100,484
I-19 Revenue less expensesPrior year −$26,325−$32,159
Part VI · Governance 2 of 2 board members independent, 4 to look at
VI-1a Voting members of the governing body2
VI-1b Independent voting members2
VI-12a Written conflict of interest policyNo
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
Part VIII · Statement of revenue $68,325 across 4 lines filed
VIII-1f All other contributions, gifts and grants$47,446
VIII-1h Total contributions, gifts and grants$47,446
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $20,879$20,879
VIII-12 Total revenueRelated to mission $20,879 · Unrelated business $0 · Excluded from tax $0$68,325
Part IX · Statement of functional expenses $100,484 across 8 lines filed
IX-7 Other salaries and wagesPrograms $88,369$88,369
IX-10 Payroll taxesPrograms $4,026$4,026
IX-11c Accounting feesManagement $500$500
IX-11g Other fees for servicesManagement $2,000$2,000
IX-13 Office expensesManagement $868$868
IX-23 InsuranceManagement $566$566
IX-24 Other expenses (24a–d)Programs $1,165 · Management $2,805$3,970
IX-24e All other expensesPrograms $185$185
IX-25 Total functional expensesPrograms $93,745 · Management $6,739 · Fundraising $0$100,484
Part X · Balance sheet $44,915 assets, 6 lines filed
X-1 Cash, non-interest-bearingStart of year $77,074$41,040
X-4 Accounts receivable$3,875
X-16 Total assetsStart of year $77,074$44,915
X-26 Total liabilitiesStart of year $0$0
X-32 Total net assets or fund balancesStart of year $77,074$44,915
X-33 Total liabilities and net assetsStart of year $77,074$44,915
Part XI · Reconciliation of net assets $44,915 net assets at year end
XI-1 Total revenue$68,325
XI-2 Total expenses$100,484
XI-3 Revenue less expenses−$32,159
XI-4 Net assets at start of year$77,074
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$44,915

Form 990 e-file (XML) FY2022 from the IRS · Classification, formation year and address from the IRS Business Master File

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