Overview
What is Ready To Succeed?
Ready To Succeed (RTS) is a nonprofit organization situated in Santa Monica, California. Their primary mission is to empower foster youth pursuing higher education, particularly in business or STEM fields, to graduate and launch successful careers. The RTS program, funded by the Ric and Suzanne Kayne Foundation, offers a comprehensive career accelerator package, including personalized career guidance, access to professional networks, and placements in paid internships. The program extends its support with designated scholarship funds and a loan repayment program, ensuring financial stability for its participants, all of whom attend Cal State and University of California schools. RTS's goal is to equip its scholars with the necessary skills, relationships, and experiences to launch their careers and achieve their aspirations. With a modest workforce of 12 individuals, RTS is committed to transforming the lives of foster youth and fostering their professional growth.
Official website here: www.readytosucceedla.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 98%
Ready To Succeed has achieved an impressive Four-Star out of Four Star rating from Charity Navigator, reflecting its strong commitment to accountability and financial transparency. The organization boasts a high Accountability & Finance Score of 97, indicating effective management of resources and adherence to best practices. Its independent board, comprised entirely of independent members, enhances its governance structure, further emphasizing its dedication to ethical practices.
The nonprofit focuses on empowering foster youth and first-generation college students, aiming to facilitate their successful transition to college and careers. With a significant program expense ratio of 75.93%, a low fundraising efficiency cost of $0.09, and a healthy working capital ratio of 1.60 years, Ready To Succeed effectively allocates its resources towards fulfilling its mission. The organization has also established robust policies such as conflict of interest and whistleblower protections, ensuring operational integrity.
While the organization has outlined ambitious strategic goals to expand its services, the overall user feedback and data highlight a clear alignment between its mission and its operational practices. However, ongoing monitoring will be essential to ensure that as Ready To Succeed scales its impact, it maintains its high standards of accountability and service delivery.
This AI summary has been generated from information found on Charity Navigator.
What do the Facebook reviews say about Ready To Succeed?
Ready To Succeed has started to gather attention with its program, receiving early positive impressions. Although there are currently only three reviews, one reviewer emphasizes that the initiative is "amazing" and "worthy," indicating a solid foundation of client satisfaction.
The sentiment surrounding their program appears optimistic, suggesting that those who have engaged with Ready To Succeed value its mission and the services provided. As the program gains visibility and more people participate, it may become clearer how effectively it meets its goals.
Overall, the initial response is promising, showcasing the nonprofit's potential impact on the community it serves.
This AI summary has been generated from reviews found on Facebook.
Is Ready To Succeed legitimate?
Ready To Succeed is a legitimate nonprofit organization registered as a 501(c)(3) entity. Ready To Succeed 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: $168,614
Professional Fundraising Fees: $34,750
Other Salaries and Wages: $601,756
For more financial information, click here
Official website here: www.readytosucceedla.org
What is the mission statement of Ready To Succeed?
Ready To Succeed, a non-profit organization, is committed to empowering foster youth in their college journey, leading them towards graduation and successful career launches. Through a multi-year program, the organization offers personalized career advising, access to professional networks, and placement in paid internships to its students, known as RTS Scholars. Upon completion of the program, RTS Scholars acquire the necessary skills, relationships, and work experiences to kickstart their careers and pursue their aspirations.
Official website here: www.readytosucceedla.org
Who is the CEO of Ready To Succeed?
Romi Lassally is the Chair of Ready To Succeed.
Official website here: www.readytosucceedla.org
What is the revenue of Ready To Succeed?
Ready To Succeed's revenue in 2022 was $2,235,730.
Official website here: www.readytosucceedla.org
Who are the executives of Ready To Succeed and what are their salaries?
The average compensation at Ready To Succeed during 2022 was $64,198. There are 12 employees and 500 volunteers at Ready To Succeed.
Here are 11 key members and their salaries:
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Official website here: www.readytosucceedla.org
Where can I find the form 990 for Ready To Succeed?
Ready To Succeed's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.readytosucceedla.org
Learn more at the official website: www.readytosucceedla.org
Mission Statement of Ready To Succeed
Ready To Succeed, a non-profit organization, is dedicated to empowering foster youth in their pursuit of higher education. Their mission is to prepare these young individuals for the professional world, equipping them with the necessary skills, relationships, and work experiences to launch successful careers. Through a unique multi-year program, Ready To Succeed offers personalized career advising, access to professional networks, and placement in paid internships. Upon completion of the program, Ready To Succeed scholars possess the necessary tools to enter the workforce and pursue their aspirations.
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Impact
July, 2024
Ready To Succeed's impact can be seen in the lives of foster youth who are empowered to succeed in college, graduate, and launch meaningful careers. By providing personalized career advising, access to professional networks, and placement in paid internships, Ready To Succeed is equipping these students with the skills, relationships, and experiences necessary to pursue their dreams. Through its Career Accelerator program for first-generation college students, Ready To Succeed is not only transforming the lives of individual scholars but also contributing to building pathways to employment for this underserved population.
This information is meant to be a general summary of Ready To Succeed. 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 2022.
- Gross Receipts: $2,242,720
Assets and Liabilities:
- Total Assets: $1,450,992
- Total Liabilities: $262,686
- Net Assets: $1,188,306
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Organization Details
Founding Year
2018
Phone
(424) 581-6296Principal Officer
Romi Lassally
Main Address
1514 17TH ST 201, SANTA MONICA, CA, 90404
Website
www.readytosucceedla.orgNTEE Category
Code: B99 - Education
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