2023-03-29T16:17:36-05:00 2022-06-30 221732349 WISS & COMPANY LLP 100 CAMPUS DRIVE FLORHAM PARK NJ 07932 990 2021-07-01 861236556 PROJECT READY A NJ NONPROFIT CORPORATION PROJ 9739439740 70 CLINTON AVENUE 2ND FLOOR NEWARK NJ 07114 SHENNELL MCCLOUD EXECUTIVE DIRECTOR 9739439740 2023-03-29 1 SHENNELL MCCLOUD XXX-XX-XXXX DIANA MILLER P01597612 9739949400 0 AAL1 IAL1 2021 2023-04-26 12:10:37Z SHENNELL MCCLOUD 70 CLINTON AVENUE 2ND FLOOR NEWARK NJ 07114 2709148 0 X HTTPS://WWW.PROJECTREADYNJ.ORG/ X 2021 NJ WE STRIVE TO CREATE A WORLD IN WHICH NO COMMUNITY IS LEFT VOICELESS. WE BELIEVE ALL COMMUNITY MEMBERS, FROM CHILDREN TO ADULTS, SHOULD BE CIVICALLY EDUCATED AND HAVE PROPER ACCESS TO VOTING PRACTICES; THEREBY BEING POWERED TO DISRUPT SYSTEMS. 9 6 42 3 0 0 0 2706557 0 0 1 2591 0 0 1 2709148 0 0 0 0 0 946268 0 0 0 226 1268982 226 2215250 -225 493898 24775 545292 25000 51619 -225 493673 X PROJECT READY WORKS TO CLOSE THE OPPORTUNITY GAPS AND IMPROVE LIFE OUTCOMES BY AMPLIFYING ISSUES AT THE INTERSECTION OF SOCIAL JUSTICE, PUBLIC HEALTH, EDUCATIONAL INEQUITIES, AND CIVIC ENGAGEMENT. BY SPEARHEADING GROUNDBREAKING INITIATIVES THAT HIGHLIGHT, UPLIFT, AND RESTORE THE NARRATIVES OF BLACK AND BROWN VOICES, PROJECT READY EMPOWERS COMMUNITIES TO RESHAPE HARMFUL POLICIES AND DEMAND SOCIAL JUSTICE. 0 0 1257988 0 PROJECT READY LED SEVERAL CAMPAIGNS TO INCREASE CIVIC ENGAGEMENT AND VOTER ACTIVATION. THE ORGANIZATION ALSO LED EFFORTS TO INCREASE PUBLIC AWARENESS SURROUNDING THE IMPORTANCE OF COVID VACCINATION. THE ADVOCACY INITIATIVES YIELDED A 42% INCREASE IN VOTER PARTICIPATION FROM PROJECT READY MEMBERS. PROJECT READY ALSO LED SEVERAL PUBLIC RESEARCH POLLS USED AND SHARED WITH PARTNERS TO DRIVE POLICY CHANGES IN EDUCATION, HEALTH CARE, AND ECONOMICS. 1257988 1 1 0 1 0 0 0 0 0 0 0 0 0 1 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 21 0 1 42 1 0 0 0 0 0 0 0 0 0 0 0 0 X 9 6 0 0 0 0 0 0 0 1 1 0 1 1 1 1 1 1 1 1 1 1 0 NJ X X THE ORGANIZATION 9739439740 70 CLINTON AVENUE 2ND FLOOR NEWARK NJ 07114 PATRICK TERBORG CHAIR 0.25 X X 0 0 0 KYLE ROSENKRANS TREASURER 0.25 X X 0 0 0 PAULA WHITE SECRETARY 0.17 X X 0 0 0 CALVIN SOUDER BOARD TRUSTEE 0.17 X 0 0 0 CARLOS LEJNIEKS BOARD TRUSTEE 0.17 X 0 0 0 MELISSA D'AGOSTINO BOARD TRUSTEE 0.17 X 0 0 0 SHENNELL MCCLOUD EXECUTIVE DIRECTOR/CEO 30.00 10.00 X X 92217 0 8000 KARIN GERALD COO 32.00 8.00 X X 58324 0 5560 NAYIBE CAPELLAN CHIEF OF STAFF 34.00 6.00 X X 63192 0 5390 213733 0 18950 0 0 0 0 50CAN INC 1625 K STREET NORTHWEST SUITE 400 WASHINGTON DC 20006 EDUCATION ADVOCACY SUPPORT 214658 JASMINE MORRISON 2 MAPES AVENUE NEWARK NJ 07112 SUPPORT WITH PARENT VOTER AWARENESS 117602 2 62000 2644557 2706557 2591 2591 2709148 0 0 2591 X 484558 118360 366198 317535 77560 239975 80749 19724 61025 63426 15492 47934 4354 4014 340 25766 23755 2011 771703 692005 79698 108283 107005 1278 23414 938 22476 29667 1188 28479 42021 42021 38339 13818 24521 2633 2633 MATERIALS AND SUPPLIES 221005 184057 36948 MEMBERSHIPS & SUBSCRIPT 1797 72 1725 2215250 1257988 957262 0 24775 403395 0 109 0 3200 0 138588 24775 545292 0 51619 25000 0 25000 51619 X -225 493659 0 14 -225 493673 24775 545292 493898 0 X X 0 1 X 1 0 X 2706557 2706557 2706557 2706557 1020817 1685740 1 2591 2592 2709149 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 1 0 1 19872 0 0 1 35000 0 1 60480 115352 0 PART II-B, LINE 1: 1. ORGANIZE PARENTS TO ATTEND CAPITAL DAYS, TESTIFY AT STATE BOARD MEETINGS, MEET WITH ELECTED OFFICIALS, AND CALL ELECTED OFFICIALS. 2. CONDUCT RESEARCH ON PROPOSED POLICY TOPICS, ASSIST WITH WRITING POLICY WHITE PAPERS WITH FINDINGS/POTENTIAL SOLUTIONS, ATTEND MEETINGS WITH ELECTED OFFICIALS. 3. SURVEY PARENTS ON POTENTIAL POLICIES AND ACTIVATE PARENTS ON CALL TO ACTION WITH ELECTED OFFICIALS. 0 DUE FROM RELATED PARTY 109088 SECURITY DEPOSITS 29500 138588 X 2709148 0 2709148 0 2709148 2215250 0 2215250 0 2215250 PART X, LINE 2: THE ORGANIZATION IS EXEMPT FROM FEDERAL INCOME TAXES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE ("IRC") AND HAS MADE NO PROVISION FOR FEDERAL OR STATE INCOME TAXES IN THE ACCOMPANYING FINANCIAL STATEMENTS. IN ADDITION, THE ORGANIZATION HAS BEEN DETERMINED BY THE INTERNAL REVENUE SERVICE ("IRS") NOT TO BE A "PRIVATE FOUNDATION" WITHIN THE MEANING OF SECTION 509(A) OF THE IRC. ALL SIGNIFICANT TAX POSITIONS HAVE BEEN CONSIDERED BY MANAGEMENT AND IT HAS BEEN DETERMINED THAT ALL TAX POSITIONS WOULD BE SUSTAINED UPON EXAMINATION BY TAXING AUTHORITIES. THE ORGANIZATION IS REQUIRED TO FILE FORM 990 (RETURN OF ORGANIZATION EXEMPT FROM INCOME TAX) AND STATE OF NEW JERSEY CRI 300-R, WHICH ARE SUBJECT TO EXAMINATION BY THE IRS AND THE STATE OF NEW JERSEY UP TO THREE AND FOUR YEARS, RESPECTIVELY, FROM THE EXTENDED DUE DATE OF THE TAX RETURN. AS THE ORGANIZATION IS IN ITS FIRST YEAR OF OPERATIONS, NO FORMS 990 OR CRI 300-R HAVE BEEN FILED FOR 2019 THROUGH 2021. AS A NOT-FOR-PROFIT ENTITY, THE ORGANIZATION IS SUBJECT TO UNRELATED BUSINESS INCOME TAX ("UBIT"), IF APPLICABLE. MANAGEMENT HAS DETERMINED THAT THE ORGANIZATION HAD NO ACTIVITIES SUBJECT TO UBIT IN THE YEAR ENDED JUNE 30, 2022. FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 WILL BE COMPLETED ANNUALLY AND COPIES WILL BE MADE AVAILABLE TO THE EXECUTIVE DIRECTOR AND THE PROJECT READY BOARD MEMBERS UPON REQUEST. THE EXECUTIVE DIRECTOR WILL REVIEW A DRAFT OF THE 990 AND PROVIDE ANY FEEDBACK AND NECESSARY CHANGES TO THE CHIEF OPERATING OFFICER. ANY NECESSARY CHANGES WILL THEN BE UPDATED ON THE FORM. ONCE ALL NECESSARY CHANGES ARE MADE AND THE EXECUTIVE DIRECTOR IS OKAY WITH FINAL REVIEW, IT WILL BE SIGNED BY THE EXECUTIVE DIRECTOR, DATED AND SUBMITTED BY THE FILING DEADLINE. A COPY OF THE APPROVED FORM 990 WILL BE PROVIDED TO ALL OF THE TRUSTEES BEFORE THE RETURN IS FILED. FORM 990, PART VI, SECTION B, LINE 12C THE ORGANIZATION REQUIRE THAT EACH TRUSTEE, PRINCIPAL OFFICER AND MEMBER OF A COMMITTEE WITH GOVERNING BOARD DELEGATED POWERS SHALL ANNUALLY SIGN A STATEMENT WHICH AFFIRMS SUCH PERSON: 1. HAS RECEIVED A COPY OF THE POLICY; 2. HAS READ AND UNDERSTANDS THE POLICY; 3. HAS AGREED TO COMPLY WITH THE POLICY; AND 4. UNDERSTANDS THE CORPORATION IS TAX-EXEMPT AND IN ORDER TO MAINTAIN ITS FEDERAL TAX EXEMPTION IT MUST ENGAGE PRIMARILY IN ACTIVITIES WHICH ACCOMPLISH ONE OR MORE OF ITS TAX-EXEMPT PURPOSES. FORM 990, PART VI, SECTION B, LINE 15 THE FIXING OF SALARIES OF OFFICERS SHALL REQUIRE THE AFFIRMATIVE VOTE OF A MAJORITY OF THE ENTIRE BOARD, SUBJECT TO THE FOLLOWING RESTRICTIONS: 1) TRUSTEES WHO RECEIVE ANY COMPENSATION FOR SERVICES IN ANY CAPACITY, DIRECTLY OR INDIRECTLY, FROM THE CORPORATION MAY NOT VOTE ON MATTERS PERTAINING TO THAT TRUSTEE'S COMPENSATION. 2) TRUSTEES AND OFFICERS SHALL DISCLOSE TO THE BOARD ANY FINANCIAL INTEREST THAT THE TRUSTEE OR OFFICER DIRECTLY OR INDIRECTLY HAS IN ANY PERSON OR ENTITY THAT IS A PARTY TO A TRANSACTION UNDER CONSIDERATION BY THE BOARD. THE INTERESTED TRUSTEE OR OFFICER SHALL ABSTAIN FROM VOTING ON THE TRANSACTION. 3) PRIOR TO ENTERING INTO ANY COMPENSATION AGREEMENT, CONTRACT FOR GOODS OR SERVICES, OR ANY OTHER TRANSACTION WITH ANY PERSON WHO IS IN A POSITION TO EXERCISE INFLUENCE OVER THE AFFAIRS OF THE CORPORATION, THE BOARD SHALL ESTABLISH THAT THE PROPOSED TRANSACTION IS REASONABLE WHEN COMPARED WITH A SIMILARLY-SITUATED ORGANIZATION FOR FUNCTIONALLY COMPARABLE POSITIONS, GOODS OR SERVICES RENDERED. FORM 990, PART VI, SECTION C, LINE 19 GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, FINANCIAL STATEMENTS AND FORM 990 ARE AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990 IS ALSO AVAILABLE AT: 1) WWW.GUIDESTAR.ORG AND 2) HTTPS://APPS.IRS.GOV/APP/EOS/ FORM 990, PART IX, LINE 11G CONSULTING: PROGRAM SERVICE EXPENSES 397,336. MANAGEMENT AND GENERAL EXPENSES 33,636. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 430,972. PAYROLL PROCESSING FEE: PROGRAM SERVICE EXPENSES 7,017. MANAGEMENT AND GENERAL EXPENSES 21,710. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 28,727. OTHER FEES: PROGRAM SERVICE EXPENSES 287,652. MANAGEMENT AND GENERAL EXPENSES 24,352. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 312,004. FORM 990, PART XII, LINE 2C: THE ORGANIZATION HAS A COMMITTEE THAT ASSUMES RESPONSIBILITY FOR OVERSIGHT OF THE AUDIT OF ITS FINANCIAL STATEMENTS. BE READY INC 70 CLINTON AVENUE 2ND FLOOR NEWARK NJ 07114 880627862 CIVIC EDUCATION NJ 501(C)(4) 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 0 1 0 0 BE READY INC Q 109088 CASH