Ready by 21 Mentoring

Nonprofit profile at a glance

EIN
464144129
IRS 990-EZ coverage
2013–2024
Forms available
Form 990-EZ 2024
Location
Deer Isle, ME, USA
Phone
2073675936
Rating
63
Verdict
SUPPORTED
Rating confidence
Moderate
Sector
Youth Development Programs

Reported finances

Revenue
$70,640
Expenses
$66,155
Assets
$54,667
Liabilities
$0

Source: IRS Form 990-EZ. Selected filing: tax year 2024. Amounts in USD.

Leadership & pay

6 people listed

Executive titles in this filing

  • KYRA ALEX (EXECUTIVE DIRECTOR AND CHA)

People named in this filing

  • GRAHAM TABER (BOARD MEMBER)
  • ERYN KLEMENZ (BOARD MEMBER)
  • BRINNA DAVIS (BOARD MEMBER)

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

Source: IRS Form 990-EZ. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

Our mission to offer the opportunity for positive growth through healthy relationships has called for a consistent commitment of open hearts and minds. We have come to know with all certainty, that living in a reciprocal relationship with our earth is key for any being to completely blossom into their full potential. Our programs are dedicated to supporting our local youth, peninsula wide, in understanding who they are, and how to balance that in relation to everything that surrounds them.

What it reported doing in 2024

New mentors were interviewed and trained between october and april to match with this year's incoming junior class. All mentors and mentees went on a community service trip to isle au haut to get acquainted and pay it forward. A wonderful space donated by a local church was set up as our winter "mentor center" that will allow for a safe place for mentors and mentees to meet along with "family" dinner night, career workshops and more. Real world cooking and nutrition classes at the high school continue to allow wonderful interactions with students from all grade levels and offer a platform to introduce healthy eating methods while developing relations that allow for solid mentor/mentee matches in their junior year.

Operating model

Revenue model
Donor-supported. 90% 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 revenue has grown recently. A relatively small share of available resources goes toward mission work and a relatively small share of total spending goes to programs.

Rating breakdown

  • Financial Efficiency: 35
  • Transparency & Controls: 100
  • Sustainability: 47
  • Growth: 60

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 34%; rating input score 34
  • Program expense ratio: 36.3%; rating input score 36

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 52nd percentile among comparable filings
  • Major donor itemization: Yes; rating input score 100

Sustainability

  • Operating margin: 6.3%; rating input score 57; 57th percentile among comparable filings
  • Total-asset coverage ratio: 0.83; rating input score 41; 41st percentile among comparable filings
  • Liabilities to assets ratio: 0; rating input score 68; 68th percentile among comparable filings
  • Officer compensation ratio: 51.4%; rating input score 3; 3rd percentile among comparable filings

Growth

  • Program expense growth: -6.6% per year; rating input score 0; 32nd percentile among comparable filings
  • Revenue growth: 1.5% per year; rating input score 100; 58th percentile among comparable filings
  • Asset growth: 3.2% per year; rating input score 100; 51st percentile among comparable filings

Details

  • Where the money goes: 34% of revenue deployed · 36.3% of spending went to programs
  • Governance: Filed governance answers
  • Accomplishments: 1 filed program accomplishment · $24K in reported program spending
  • Leadership: top reported pay $0 · 6 people listed
  • Consistency: 8 of 8 current checks pass
  • Schedules: 3 filed schedules
  • Filing history: 11 filing years from 2013 to 2024
  • Contacts: How to reach this organization
  • Money network: 1 filed money-flow record
  • Related organizations: Filed and resolved organization relationships.
  • 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 34/100.
  • Moderate — Financial Efficiency: Program expense ratio scored 36/100.
  • High — Growth: Program expense growth scored 0/100.
  • Review — Sustainability: Operating margin scored 57/100.
  • Moderate — Sustainability: Total-asset coverage ratio scored 41/100.
  • High — Sustainability: Officer compensation ratio scored 3/100.