Overview
What is Ready For Life Inc?
Ready For Life Inc, based in Largo, Florida, is a nonprofit organization dedicated to supporting foster care youth in their transition to adulthood. Their primary goal is to bridge the gap between these young individuals and the numerous resources available to aid them. By serving as a liaison, the foundation empowers the youth to actively participate in creating and managing their programs. The mission of Ready For Life Inc is to assist the community's youth in leaving foster care and embracing adulthood by mobilizing both public and private resources at their disposal. With a team of 12 dedicated individuals, the foundation strives to make a significant impact in the lives of these young adults.
Official website here: www.readyforlifepinellas.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 89%, Three-Star out of Four Star rating.
Ready For Life Inc has achieved a solid score of 89%, indicating a commendable level of transparency and effectiveness. The organization excels particularly in leadership and adaptability, scoring a perfect 100 in these categories, which reflects strong governance and the ability to adjust to changing circumstances. With a majority of independent board members and high scores in accountability and impact measurement, Ready For Life demonstrates a commitment to responsible financial management and effective program delivery.
The financial metrics further reinforce the nonprofit's stability, with an impressive program expense ratio of 84.13% and a manageable liabilities to assets ratio of 31.36%. This suggests that the majority of its funds are directed towards programs rather than administrative costs, which is a positive indicator for potential donors. However, the absence of a whistleblower policy and a document retention and destruction policy indicates areas for improvement in governance practices.
Overall, Ready For Life Inc showcases a robust framework for operational success, though it would benefit from enhancing certain compliance measures. The organization’s strong performance in feedback collection and usage highlights its commitment to community engagement and continuous improvement, making it a reliable option for those looking to support impactful initiatives.
This AI summary has been generated from information found on Charity Navigator.
Is Ready For Life Inc legitimate?
Ready For Life Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Ready For Life Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $110,448
Professional Fundraising Fees: $0
Other Salaries and Wages: $427,859
For more financial information, click here
Official website here: www.readyforlifepinellas.org
What is the mission statement of Ready For Life Inc?
Ready for Life Inc's mission is centered around assisting the youth transitioning from foster care to adulthood. The organization serves this purpose by coordinating the public and private resources available to them. The main goal is to function as a bridge between the youth and the numerous resources that can aid them in their successful transitions. The foundation encourages the engagement of foster care youth, private citizens, and public resources to ensure the success of these transitions. By doing so, Ready for Life Inc aims to provide a platform for the youth to have a voice in creating and managing the foundation's various programs.
Official website here: www.readyforlifepinellas.org
Who is the CEO of Ready For Life Inc?
Kathy Mize is the CEO of Ready For Life Inc The CEO's salary of Ready For Life Inc is $110,448 and their total compensation is $110,448.
Official website here: www.readyforlifepinellas.org
What is the revenue of Ready For Life Inc?
Ready For Life Inc's revenue in 2024 was $1,067,002.
Official website here: www.readyforlifepinellas.org
Who are the executives of Ready For Life Inc and what are their salaries?
The average compensation at Ready For Life Inc during 2024 was $38,450. There are 14 employees and 148 volunteers at Ready For Life Inc.
Here are 12 key members and their salaries (Ready For Life Inc's CEO's salary is $110,448 and their total compensation is $110,448):
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- Compensation: $110,448
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- Other: $0
Official website here: www.readyforlifepinellas.org
Where can I find the form 990 for Ready For Life Inc?
Ready For Life Inc's most recent form 990 was submitted in 2024 and can be accessed here.
Official website here: www.readyforlifepinellas.org
Learn more at the official website: www.readyforlifepinellas.org
Mission Statement of Ready For Life Inc
Ready For Life Inc, a nonprofit organization, is dedicated to assisting the youth in the community who are transitioning from foster care to adulthood. Their mission is to act as a bridge between these young individuals and the various public and private resources available to them. By engaging foster care youth, private citizens, and public resources, Ready For Life Inc aims to facilitate successful transitions of Pinellas County foster care youth into adulthood. The foundation's goal is not only to connect the youth with the numerous resources at their disposal but also to provide them with a platform to help shape and run the organization's various programs. This proactive approach empowers the youth, allowing them to take an active role in their own futures.
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Impact
October, 2024
Ready For Life Inc significantly impacts the lives of youth transitioning from foster care to adulthood in Pinellas County. By facilitating connections between these young individuals and essential public and private resources, the organization ensures that they receive the support they need to succeed.
The initiative engages not only foster care youth but also private citizens, creating a community network that fosters collaboration for better outcomes. The foundation empowers young people by giving them a voice in shaping programs and services that directly affect them. This innovative approach helps to build confidence and independence, guiding them toward a successful transition into adulthood.
The focus on comprehensive support and engagement makes Ready For Life Inc a vital link in the community, helping to bridge the gap between foster care and self-sufficiency. With its commitment to nurturing the potential of these youth, the organization plays a crucial role in fostering resilience and promoting opportunities for a brighter future.
This information is meant to be a general summary of Ready For Life Inc. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2024.
- Investment Income: $18,176
- Gross Receipts: $1,214,368
Assets and Liabilities:
- Total Assets: $401,515
- Total Liabilities: $27,174
- Net Assets: $374,341
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Organization Details
Founding Year
2009
Principal Officer
Kathy Mize
Website
www.readyforlifepinellas.orgNTEE Category
Code: P32 - Human services
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