Ready Set Grow Inc

Nonprofit profile at a glance

EIN
843298276
IRS 990 coverage
2020–2022
Forms available
Form 990 2022, Form 990-N 2019
Location
North Miami Beach, FL, USA
Phone
7323641999
Rating
75
Verdict
SUPPORTED
Rating confidence
Moderate
Sector
Kindergarten, Preschool, Nursery School, Early Admissions

Reported finances

Revenue
$2,447,919
Expenses
$1,937,433
Assets
$1,000,340
Liabilities
$109,993

Source: IRS Form 990. Selected filing: tax year 2022. Amounts in USD.

Leadership & pay

5 people listed

Executive titles in this filing

  • RACHEL RAPPAPORT (EXECUTIVE DIRECTOR)

Highest reported compensation

  • RACHEL RAPPAPORT (EXECUTIVE DIRECTOR): $203,516 total reported compensation
  • SHAINA NEMIROVSKY (CHIEF OPERATING OFFICER): $40,838 total reported compensation

Source: IRS Form 990. Selected filing: tax year 2022. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

Ready, set, grow inc. Was formed to establish and operate a holistic center for the growth and empowerment of both children and adults to become the best version of themselves, to enable them to live fulfilling, meaningful lives, and to provide the community with the resources and support needed to achieve that end.

What it reported doing in 2022

Ready, set, grow opened a new division in september 2022 and expanded in march 2023, to support, direct and coach family members of patients that are not given hope & healing by traditional medicine. By networking with doctors, specialists , therapists and others working with a holistic approach, we help patients find possible treatments that can help them feel better and improve their health.utilizing its close connections and network, rsg also helps patients with the following:1. Navigate doctors' busy schedules to reduce the stress and time involved with booking appointments2. Find support groups and aide agencies3. Arranging local volunteers to drive patients to appointments or babysit children during appointmentsthe goal is to remove the myriad difficulties involved in dealing with long-term, complex medical conditions.our program also provides support to the families of the sick and their caregivers by offering rooms and meals at no charge while away from home for treatment, a listening ear, directions and consultation. Finally, we offer vacations and down time to distressed immediate family members of patients to allow them time to recharge.

Operating model

Revenue model
Earned-program. 94% of the money available for current operations came from fees and other program revenue.
Distribution model
Direct operator. The filing allocates 87% 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 - A large share of available resources goes toward mission work and the filed numbers largely add up. The filing does not identify recipients for some grant dollars and program spending has declined or grown slowly.

Rating breakdown

  • Financial Efficiency: 83
  • Transparency & Controls: 66
  • Accountability: 91
  • Sustainability: 52
  • Growth: 20

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 100%; rating input score 100
  • Program expense ratio: 82.5%; rating input score 82
  • Fundraising efficiency: Limited

Transparency & Controls

  • Consistency checks: 92.3%; rating input score 92; 9th percentile among comparable filings
  • Pay-setting controls: 2 of 6 controls in place; rating input score 33
    • Compensation committee: Missing
    • Independent consultant: Missing
    • Other Form 990s reviewed: Pass
    • Written employment contract: Missing
    • Compensation survey or study: Missing
    • Board or committee approval: Pass
  • Foreign activity oversight: Limited
  • Grant itemization coverage: 46.9%; rating input score 47; 15th percentile among comparable filings
  • 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: 7 of 9 controls in place; rating input score 78
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Pass
    • Document-retention policy: Pass
    • CEO compensation review process: Pass
    • Other executive compensation review process: Pass
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Missing
    • Independent financial-statement audit: Fail

Sustainability

  • Operating margin: 20.9%; rating input score 79; 79th percentile among comparable filings
  • Total-asset coverage ratio: 0.52; rating input score 17; 17th percentile among comparable filings
  • Liabilities to assets ratio: 0.11; rating input score 60; 60th percentile among comparable filings
  • Officer compensation ratio: 12.6%; rating input score 21; 21st percentile among comparable filings

Growth

  • Program expense growth: -5.3% per year; rating input score 0; 6th percentile among comparable filings
  • Revenue growth: -5.9% per year; rating input score 0; 4th percentile among comparable filings
  • Asset growth: 11.4% per year; rating input score 100; 64th percentile among comparable filings

Details

  • Where the money goes: 100% of revenue deployed · 82.5% of spending went to programs
  • Governance: 3 of 3 board members independent · 7 of 9 filing controls reported
  • Programs: 3 filed program accomplishments · $1.6M in reported program spending
  • Leadership: top reported pay $204K · 5 people listed · 2 of 6 pay-setting controls reported
  • Consistency: 29 of 30 current checks pass · 1 finding to review
  • Schedules: 8 filed schedules · includes major donors, grants, and executive pay
  • Filing history: 3 filing years from 2020 to 2022
  • Contacts: How to reach this organization
  • Money network: 12 filed money-flow records
  • Related organizations: 10 filed related-organization links
  • 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 — Transparency & Controls: Grant itemization coverage scored 47/100.
  • High — Growth: Program expense growth scored 0/100.
  • High — Growth: Revenue growth scored 0/100.
  • High — Sustainability: Total-asset coverage ratio scored 17/100.
  • Review — Accountability: Governance controls: Independent financial-statement audit not reported.
  • High — Sustainability: Officer compensation ratio scored 21/100.
  • Review — Transparency & Controls: Domestic grant itemization did not reconcile in the filed values.