Ready Set Grow INC FY2021 filing

Tax-deductible

Boca Raton, FL501(c)(3)EducationEIN 84-3298276Revenue $2.7M in FY2021

On file with the IRSrsgfamily.com3943 Nw 4th Ave, 33431-5718 · Boca Raton, FLTax-exempt since May 2020Publicly supported — 509(a)(2)

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Ready, Set, Grow, INC. Was formed to establish and operate a holistic center for the growth and empowerment of both children and adults to become the best version of themselves, and to enable them to live fulfilling, meaningful lives, and to provide the community with the resources and support needed to that end.

501(c)(3) charity; gifts are tax-deductible.
81¢ of each $1 spent went to programs.
$203K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

Before you give

FY2021 · 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
FY2023
latest Form 990
Fine: the latest return is for FY2023, 3 tax years back; within 3 tax years.
IRS e-file · Filing history
Surplus or deficit
2 of 3
filings with a surplus
Average surplus $245K a year · 10% of revenue · last 3 filings
Fine: a surplus in 2 of the last 3 filings.
Pt I · Ln 19 · 3 filings
Spent on programs
81%
of spending
Looks good: 81% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$203K
to officers and key staff · 9% of spending
Looks good: pay to officers and key staff is 9% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
<1 mo
of spending, in cash
Worth a look: 0.8 months of spending in cash; under 1.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$305K
38% of total assets
Looks good: liabilities are 38% of assets; 50% or less.
Pt X · Ln 26
Independent board members
3
of 3 voting members
Looks good: 3 of 3 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$2.7M
Spent
$2.2M
To programs
81%
Net assets
$675K
By yearFY2021–FY2023
Revenue
$2.7M
FY2021
Tap a bar for its year
Revenue by fiscal year
FY2021$2.7M
FY2022$2.1M
FY2023$2.4M
Expenses
$2.2M
FY2021
Tap a bar for its year
Expenses by fiscal year
FY2021$2.2M
FY2022$2.4M
FY2023$1.9M
Net assets
$675K
FY2021
Tap a bar for its year
Net assets by fiscal year
FY2021$675K
FY2022$380K
FY2023$890K

From the FY2021 Form 990 (year ending August 2021) · figures checked against the IRS filing · see the original

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You’re viewing the FY2021 filing — not the latest on file. See the latest (FY2023) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2023. IRS ruling in May 2020.

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

Where the money goes

81 cents of each dollar spent went to programs.

Program services 81% · $1.8M Management & general 19% · $427K

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

8 people listed on the 990; $203K paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2020); the FY2021 filing did not itemize Part VII
$171,400Pt VII · Sec A
$31,497Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A

Rachel Rappaport’s $194K as Executive Director is at the 81st percentile of top reported officer pay among 3395 $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 · 2 named individuals · Part VII

NameFY2023FY2022FY2021
Rachel Rappaport$193,531$182,500$31,497
Shaina Nemirovsky$40,838$8,017—

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.

See Ready Set Grow INC executive salaries →

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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

Empowers children and adults through holistic growth and resources for fulfilling lives.

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Provided by the organization

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4 programs · $3.0M · in their own filed words · FY2020
01

Ready, set, grow, inc operates a preschool daycare center and summer program serving approximately 250 children in total, ages 6 months to 14 years. Their goal is to utilize the crucial years of early childhood to partner with parents in cultivating each child's uniqueness, developing well-rounded children as well as instill the…

$1.2Mprogram expense
02

Ready, set, grow, inc operates a preschool daycare center to support working parents. Its enrollment totals approximately 180 children, ages 6 months to 14 years. Their goal is to utilize the crucial years of early childhood to partner with parents in cultivating each child's uniqueness, developing well-rounded children and instilling…

$1.1Mprogram expense
03

Max is a natural extension of ready, set, grow! It facilitates meetings for women in the community to empower them to live their lives to the fullest, remain happy despite any daily struggles and help them hold onto their dreams while raising families.

$533Kprogram expense
04

Seeing the needs for educational summer camp for boys in the community led us on a mission to create one for lower elementary school boys who do not need major trips, are uncomfortable in the intense environment that gears to older elementary boys, and often get scared and feel in the shadow of the "big boys" day CAMPS.CBM (camp bnei…

$138Kprogram expense

Funders

Who pays for it.

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

Grants

Schedule I · this organization's grantmaking
Grants paid · 51 grants · $531K · 2020–2022
See all 51 grants →

By the numbers

The FY2021 990, line by line.

1The main four
Money inPt VIII
$2.7M
Ln 12
Fees for servicesLn 2g$1.6M
Other incomeLn 4–11$1.1M
Money outPt IX
$2.2M
Ln 25
Programscol B$1.8M
Managementcol C$427K
Owns and owesPt X
$675K
net assets · Ln 32
Cash and savingsLn 1–2$139K
Total assetsLn 16$813K
LiabilitiesLn 26$305K
PeoplePt VI, VII
8
listed · VII A
PaidVII A2
Voting boardVI 1a3
IndependentVI 1b3
2In more detail
Revenue in detailPt VIII
Fees for servicesLn 2g$1.6M
Other incomeLn 4–11$1.1M
Total revenueLn 12$2.7M
Assets in detailPt X, end of year
Cash and savings togetherLn 1–2$139K
Total assetsLn 16$813K
LiabilitiesLn 26$305K
Net assetsLn 32$675K
OperationsPt I, VI
EmployeesI 50
VolunteersI 67
Fiscal year endsHeaderAugust
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2023 Latest $2.4M$1.9M$510K$890K 990 PDF
FY2022 $2.1M$2.4M−$295K$380K 990 PDF
FY2021 Viewing $2.7M$2.2M$520K$675K 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 FY2021 990 (1 part)
Part VI · Governance 3 of 3 board members independent, 1 to look at
VI-1a Voting members of the governing body3
VI-1b Independent voting members3
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
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes

Form 990 e-file (XML) FY2021 from the IRS · Classification, formation year and address from the IRS Business Master File

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