Boardready

Nonprofit profile at a glance

EIN
833530731
IRS 990 coverage
2025–2025
Forms available
Form 990 2025, Form 990-EZ 2024
Location
Seattle, WA, USA
Phone
2065511480
Rating
69
Verdict
SUPPORTED
Rating confidence
Moderate

Official website

Reported finances

Revenue
$286,289
Expenses
$172,673
Assets
$69,061
Liabilities
$31,753

Source: IRS Form 990. Selected filing: tax year 2025. Amounts in USD.

Leadership & pay

7 people listed

People named in this filing

  • DEANNA OPPENHEIMER (BOARD CHAIR)
  • DAVE WILLIAMS (TREASURER)
  • PHYLLIS CAMPBELL (VICE CHAIR)

Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.

Source: IRS Form 990. Selected filing: tax year 2025. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

Providing educational resources and opportunities to qualified and diverse board candidates in order to expand networks in corporate boardrooms

What it reported doing in 2025

Board Engagement Services: BoardReady provides board engagement services that connect organizations with highly qualified, board-ready executives for corporate board roles. Through a structured process that includes discovery, candidate identification, and facilitated introductions, BoardReady supports companies in expanding their networks beyond traditional channels to identify candidates with relevant expertise and experience. During the year, BoardReady supported approximately 12 client engagements, providing curated shortlists of 5-7 candidates per search and facilitating introductions between organizations and prospective board members. These services benefited both client organizations seeking to strengthen board composition and executives pursuing board service opportunities. TalentVault Resources: TalentVault is BoardReadys curated network of board-ready executives, designed to expand access to board opportunities and support individuals in navigating pathways to the boardroom. Members include senior leaders across industries, many of whom have prior board or C-suite experience. During the year, we grew our TalentVault by over 250 members. BoardReady supported these individuals through programming, introductions to board opportunities, and ongoing engagement with corporate clients. Approximately 525 individuals were directly engaged through board opportunities, events, or programming, benefiting from increased visibility and access to board service. Research: BoardReady conducts research and develops thought leadership focused on board composition, governance trends, and inclusionary practices that contribute to effective boardrooms. This work is designed to inform both organizations and executives and to elevate best practices in board governance. During the year, BoardReady produced 1 research report and engaged approximately 50 public company board directors through interviews related to this work.

Operating model

Revenue model
Donor-supported. 84% of the money available for current operations came from contributions and gifts.
Distribution model
Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.

The verdict

SUPPORTED - The filed numbers largely add up and most voting board members are independent. A relatively small share of available resources goes toward mission work and some filing-based governance responses are negative or unanswered.

Rating breakdown

  • Financial Efficiency: 50
  • Transparency & Controls: 92
  • Accountability: 76
  • Sustainability: 56
  • Growth: 60

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 44.9%; rating input score 45
  • Program expense ratio: 74.4%; rating input score 74
  • Fundraising efficiency: Limited

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 64th percentile among comparable filings
  • Pay-setting controls: Limited
  • Foreign activity oversight: Limited
  • Grant itemization coverage: Limited
  • Major donor itemization: Yes; rating input score 100
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 100%; rating input score 100; 64th percentile among comparable filings
  • Governance controls: 3 of 7 controls in place; rating input score 43
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Fail
    • Document-retention policy: Fail
    • CEO compensation review process: NotApplicable
    • Other executive compensation review process: NotApplicable
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Missing
    • Independent financial-statement audit: Fail

Sustainability

  • Operating margin: 39.7%; rating input score 86; 86th percentile among comparable filings
  • Total-asset coverage ratio: 0.4; rating input score 21; 21st percentile among comparable filings
  • Liabilities to assets ratio: 0.46; rating input score 9; 9th percentile among comparable filings
  • Officer compensation ratio: 0%; rating input score 67; 67th percentile among comparable filings

Growth

  • Program expense growth: Limited
  • Revenue growth: 129.5% per year; rating input score 100; 100th percentile among comparable filings
  • Asset growth: 136.5% per year; rating input score 100; 99th percentile among comparable filings

Details

  • Where the money goes: 44.9% of revenue deployed · 74.4% of spending went to programs
  • Governance: 7 of 7 board members independent · 3 of 7 filing controls reported
  • Programs: 1 filed program accomplishment · $128K in reported program spending
  • Leadership: top reported pay $0 · 7 people listed
  • Highest-paid contractors: 1 contractor listed · $127K reported
  • Consistency: 20 of 20 current checks pass
  • Schedules: 4 filed schedules · includes major donors
  • Contacts: How to reach this organization
  • Money network: 2 filed money-flow records
  • Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
  • People: Everyone the filings name, and which of them the filings identify by more than a name.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

  • Moderate — Financial Efficiency: Mission deployment rate scored 45/100.
  • Moderate — Accountability: Governance controls: 3 of 6 not reported.
  • High — Sustainability: Total-asset coverage ratio scored 21/100.
  • High — Sustainability: Liabilities to assets ratio scored 9/100.