Rochester Education Association for the Development of the Youth

Nonprofit profile at a glance

EIN
920762152
IRS 990 coverage
2023–2024
Forms available
Form 990 2024, Form 990-EZ 2022
Location
Rochester, NY, USA
Phone
5858208517
Rating
58
Verdict
MIXED
Rating confidence
Moderate
Sector
Education

Reported finances

Revenue
$5,338,099
Expenses
$1,162,183
Assets
$4,982,132
Liabilities
$199,919

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

Leadership & pay

8 people listed

Highest reported compensation

  • DR SHANAI LEE (EXECUTIVE DI): $166,875 total reported compensation

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

Overview

Mission

Ready is dedicated to increasing access to quality schools for rochester's k-12 students. Ready works to transform rochester's education landscape by launching and supporting high-performing schools, cultivating effective talent, and promoting supportive policy conditions.

What it reported doing in 2024

Ready community-based school design (great schools) - the ready school incubator is designed to increase access to high-quality k-12 education in rochester by cultivating innovative school models rooted in community needs. This initiative empowers local educators to design, pilot, and launch schools that reflect the aspirations of rochester families. Support includes training, research-based tools, school visits, pilot implementation, and stakeholder engagement strategies. Program objectives and outcomes: 1) build a pipeline of local educators prepared with innovative school designs. 2) establish new schools or educational programs aligned with ready's community-driven vision for quality education. 3) ultimately serve up to 500 students per new school or program, expanding access to high-quality learning environments.

Operating model

Revenue model
Grant-funded. 100% of the money available for current operations came from government grants.
Distribution model
Direct operator. The filing allocates 90% 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

MIXED - 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: 32
  • Transparency & Controls: 69
  • Accountability: 76
  • Sustainability: 80
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 15.5%; rating input score 16
  • Program expense ratio: 70.3%; rating input score 70
  • Fundraising efficiency: Limited

Transparency & Controls

  • Consistency checks: 92.9%; rating input score 93; 13th percentile among comparable filings
  • Pay-setting controls: 1 of 6 controls in place; rating input score 17
    • Compensation committee: Missing
    • Independent consultant: Missing
    • Other Form 990s reviewed: Missing
    • Written employment contract: Missing
    • Compensation survey or study: Missing
    • Board or committee approval: Pass
  • Foreign activity oversight: Limited
  • Grant itemization coverage: 97.7%; rating input score 98; 33rd percentile among comparable filings
  • Major donor itemization: Limited
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 85.7%; rating input score 86; 17th percentile among comparable filings
  • Governance controls: 5 of 8 controls in place; rating input score 62
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Fail
    • Document-retention policy: Fail
    • CEO compensation review process: NotApplicable
    • Other executive compensation review process: Fail
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Pass
    • Independent financial-statement audit: Pass

Sustainability

  • Operating margin: 78.2%; rating input score 97; 97th percentile among comparable filings
  • Total-asset coverage ratio: 4.29; rating input score 81; 81st percentile among comparable filings
  • Liabilities to assets ratio: 0.04; rating input score 73; 73rd percentile among comparable filings
  • Officer compensation ratio: 14.4%; rating input score 20; 20th percentile among comparable filings

Growth

  • Program expense growth: 134.8% per year; rating input score 100; 99th percentile among comparable filings
  • Revenue growth: 118.3% per year; rating input score 100; 99th percentile among comparable filings
  • Asset growth: 118.3% per year; rating input score 100; 100th percentile among comparable filings

Details

  • Where the money goes: 15.5% of revenue deployed · 70.3% of spending went to programs
  • Governance: 6 of 7 board members independent · 5 of 8 filing controls reported
  • Programs: 2 filed program accomplishments · $817K in reported program spending
  • Leadership: top reported pay $167K · 8 people listed · 1 of 6 pay-setting controls reported
  • Consistency: 23 of 24 current checks pass · 1 finding to review
  • Schedules: 5 filed schedules · includes grants and executive pay
  • Filing history: 2 filing years from 2023 to 2024
  • Contacts: How to reach this organization
  • Money network: 4 filed money-flow records
  • 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.

  • High — Financial Efficiency: Mission deployment rate scored 16/100.
  • Review — Accountability: Governance controls: 3 of 8 not reported.
  • Review — Transparency & Controls: Domestic grant itemization did not reconcile in the filed values.
  • High — Sustainability: Officer compensation ratio scored 20/100.