2024-07-15T15:36:20-05:00 2023-08-31 873231666 PKF O'CONNOR DAVIES ADVISORY LLC 245 PARK AVENUE 12TH FLOOR NEW YORK NY 10167 990 2022-09-01 311698832 LET'S GET READY INC LETS 6468082760 50 BROADWAY 25TH FLOOR NEW YORK NY 10004 LENA EBERHART CHIEF EXECUTIVE OFFICER 6468082760 2024-07-15 1 LENA EBERHART 999009999 1 EVA MRUK P00543254 2122862600 2024-07-15 3 AAL1 IAL1 2022 2023-04-26 12:10:37Z LENA EBERHART 50 BROADWAY 25TH FLOOR NEW YORK NY 10004 5715392 0 X WWW.LETSGETREADY.ORG X 1999 NY LET'S GET READY INC. PROVIDES HIGH SCHOOL STUDENTS FROM LOW INCOME BACKGROUNDS WITH FREE SAT PREPARATION, ADMISSIONS COUNSELING, AND OTHER SUPPORT SERVICES NEEDED TO GAIN ADMISSION TO AND GRADUATE FROM COLLEGE. 19 19 141 20 0 0 3653525 4160768 78256 242367 6662 37177 0 -157689 3738443 4282623 0 0 0 0 2386834 2781785 1450 8000 515650 600178 668043 2988462 3457828 749981 824795 3115570 3810176 244148 89028 2871422 3721148 LET'S GET READY, INC. PROVIDES HIGH SCHOOL STUDENTS FROM LOW-INCOME BACKGROUNDS WITH FREE SAT PREPARATION, ADMISSIONS COUNSELING AND OTHER SUPPORT SERVICES NEEDED TO GAIN ADMISSION TO AND GRADUATE FROM COLLEGE. 0 0 2394651 0 242367 18,590 STUDENTS WERE ENROLLED IN LET'S GET READY THIS YEAR THROUGH THE ACCESS, TRANSITION, AND SUCCESS PROGRAMS WHICH ALL EMPLOY A VIRTUAL NEAR-PEER COACHING MODEL. IN OUR ACCESS PROGRAM WE PROVIDE INTENSIVE SAT PREPARATION AND AN INTRODUCTION TO ALL ASPECTS OF THE COLLEGE ADMISSIONS PROCESS. THROUGH OUR TRANSITION PROGRAM WE SUPPORT COLLEGE ENROLLMENT THROUGH VIRTUAL COACHING ON TOPICS INCLUDING COLLEGE SELECTION, CAMPUS VISITS, APPLICATIONS, PERSONAL STATEMENT, AND FINANCIAL AID OPPORTUNITIES. THROUGH OUR SUCCESS PROGRAM WE SUPPORT STUDENTS IN NAVIGATING THE COMPLEXITIES OF COLLEGE LIFE THROUGH COACHING ON SOCIAL, FINANCIAL AND ACADEMIC SUPPORT. SERVICES WERE PROVIDED BY OVER 90 COLLEGE STUDENTS 2394651 1 1 0 0 0 0 0 0 0 0 1 0 0 0 0 1 1 0 0 0 0 0 0 0 1 0 0 0 0 1 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 1 X 10 0 141 0 0 0 0 0 0 1 1 0 0 0 0 X 19 19 0 0 1 0 0 0 0 1 1 0 0 0 1 1 1 1 1 1 0 0 MA NH NJ NY PA RI X X X LENA EBERHART 6468082760 50 BROADWAY 25TH FLOOR NEW YORK NY 10004 BROOK PAYNER CHAIR 10.00 X X 0 0 0 GARY MATTHEWS VICE CHAIR THRU 6/2023 10.00 X X 0 0 0 LAURENT DESMANGLES SECRETARY 10.00 X X 0 0 0 RYAN BLACKWELL DIRECTOR 5.00 X 0 0 0 PETER COLE DIRECTOR 5.00 X 0 0 0 JUNG CHAI DIRECTOR 5.00 X 0 0 0 PORTIA GREEN DIRECTOR 5.00 X 0 0 0 JEFFREY A JACOBS DIRECTOR 5.00 X 0 0 0 JOANNE JENSEN DIRECTOR 5.00 X 0 0 0 JEANNETTE MITCHELL DIRECTOR 5.00 X 0 0 0 KATE LEVIN DIRECTOR 5.00 X 0 0 0 JORDAN MAY DIRECTOR 5.00 X 0 0 0 PATRICIA MCWADE DIRECTOR 5.00 X 0 0 0 ADRIAN MEBANE DIRECTOR 5.00 X 0 0 0 PRISCILLA NATKINS DIRECTOR 5.00 X 0 0 0 JAMES QUINN DIRECTOR 5.00 X 0 0 0 EUGENIE LANG ROSENTHAL FOUNDER DIRECTOR 5.00 X 0 0 0 KATE RUBENSTEIN DIRECTOR 5.00 X 0 0 0 ALAN SCHOENFELD DIRECTOR 5.00 X 0 0 0 BEN TAGOE DIRECTOR 5.00 X 0 0 0 GRACE LAMONT DIRECTOR THRU 6/2023 5.00 X 0 0 0 LENA EBERHART CHIEF EXECUTIVE OFFICER 40.00 X 189308 0 25365 SEAN FISCHER SENIOR DIRECTOR OF DATA & EVALUATION 40.00 X 111875 0 16096 WANDA MONTANEZ VP OF INNOVATION & STRATEGY 40.00 X 115773 0 13922 GRACE BIANCIARDI CHIEF PROGRAMS OFFICER 40.00 X 133050 0 4046 JULIAN THOMPSON MANAGING DIRECTOR, PEOPLE & OPERATIONS 40.00 X 113875 0 16747 MARVIN KELLY VILMA MANAGING DIRECTOR OF DEVELOPMENT 40.00 X 112846 0 17516 776727 0 93692 7 0 1 0 0 185745 3975023 198984 4160768 EDUCATION SUPPORT FEES 611710 242367 242367 242367 36603 36603 1200504 1199930 574 574 574 75150 185745 232839 -157689 -157689 4282623 242367 0 -120512 217362 65208 76077 76077 2149016 1681879 204606 262531 41938 35337 2545 4056 169700 137185 13393 19122 203769 158138 19594 26037 4927 4927 72855 72855 8000 8000 171308 93664 33330 44314 17176 5200 11976 74202 29291 24269 20642 126782 81029 23741 22012 34703 26028 2891 5784 64653 13389 40291 10973 12712 9926 2539 247 19241 14431 1603 3207 12268 12268 EDUCATION MATERIALS 47753 47753 EQUIPMENT 6576 6302 274 PROFESSIONAL DEVEL. 2887 1393 1096 398 3457828 2394651 547527 515650 328330 373124 696243 557368 150000 1094284 681500 37710 78244 71766 53700 26791 55860 26909 1118876 1642498 6517 6517 3115570 3810176 244148 89028 244148 89028 X 2221422 2590324 650000 1130824 2871422 3721148 3115570 3810176 X 824795 34641 -9710 X X 0 1 X 1 0 X 3168335 2525686 3788035 3653525 4160768 17296349 286150 157214 83811 78256 242367 847798 3454485 2682900 3871846 3731781 4403135 18144147 472930 582618 462852 455257 655325 2628982 0 472930 582618 462852 455257 655325 2628982 15515165 18399 6778 3734 7717 36603 73231 18399 6778 3734 7717 36603 73231 3472884 2689678 3875580 3739498 4439738 18217378 0.85170 0.85140 0.00400 0.00330 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 53700 26791 26909 26909 X 4480328 34641 163064 197705 4282623 0 4282623 3700377 242549 242549 3457828 0 3457828 PART X, LINE 2: LGR RECOGNIZES THE EFFECT OF INCOME TAX POSITIONS ONLY IF THOSE POSITIONS ARE MORE LIKELY THAN NOT OF BEING SUSTAINED. MANAGEMENT HAS DETERMINED THAT LGR HAD NO UNCERTAIN TAX POSITIONS THAT WOULD REQUIRE FINANCIAL STATEMENT RECOGNITION OR DISCLOSURE. LGR IS NO LONGER SUBJECT TO EXAMINATIONS BY THE APPLICABLE TAXING JURISDICTIONS FOR THE PERIODS PRIOR TO AUGUST 31, 2020. PART XI, LINE 2D - OTHER ADJUSTMENTS: DIRECT COST OF SPECIAL EVENT 163,064. PART XII, LINE 2D - OTHER ADJUSTMENTS: LOSS ON DISPOSALS 9,710. DIRECT COST OF SPECIAL EVENT 232,839. THE 25TH ANNIV. GALA 260895 185745 75150 69775 163064 260895 185745 75150 69775 163064 232839 -157689 X X X X 0 0 0 0 0 0 0 1 0 LENA EBERHART CHIEF EXECUTIVE OFFICER 188558 0 750 0 0 0 9304 0 16061 0 214673 0 0 0 PART I, LINE 7 THE ORGANIZATION PAID BOARD APPROVED PERFORMANCE BASED BONUSES IN 2022. X 5 198984 AVG. SELLING PRICE 0 0 1 0 PART I, COLUMN (B): THE ORGANIZATION IS REPORTING THE NUMBER OF CONTRIBUTORS IN COLUMN (B). FORM 990, PART V, LINE 2A: THE ORGANIZATION CONTRACTED WITH A PROFESSIONAL EMPLOYER ORGANIZATION (PEO) FOR SERVICES, INCLUDING BUT NOT LIMITED TO, PAYROLL, TIMEKEEPING, EMPLOYEE BENEFITS, HR ADMINISTRATION AND WORKFORCE REGULATORY COMPLIANCE NEEDS. AS THE EMPLOYER OF RECORD FOR TAX PURPOSES, FORMS W-2 AND W-3 ARE ISSUED BY THE PEO AND FILED UNDER THE PEO'S FEDERAL EIN. IN THIS CO-EMPLOYMENT ARRANGEMENT, THE ORGANIZATION IS THE COMMON LAW EMPLOYER AND, ACCORDINGLY, COMPENSATION IS REPORTED ON FORM 990, PART VII, SECTION A AND PART IX, LINES 5-10. FORM 990, PART VI, SECTION A, LINE 4 CHANGES TO THE NUMBER AND COMPOSITION OF THE GOVERNING BODY'S VOTING MEMBERS: IN NO EVENT SHALL THE ENTIRE BOARD CONSIST OF MORE THAN THIRTY (30) DIRECTORS. CHANGE TO ELECTIONS: TO BECOME A DIRECTOR, A PERSON SHALL BE ELECTED BY A MAJORITY VOTE VERSUS OF 2/3 OF THE BOARD. THE FOUNDER OF THE ORGANIZATION, EUGENIE ROSENTHAL, SHALL SERVE AS A DIRECTOR IN PERPETUITY, SUBJECT ONLY TO REMOVAL BY THE BOARD. CHANGES TO THE QUORUM, VOTING RIGHTS, OR VOTING APPROVAL REQUIREMENTS: ACTION BY THE BOARD. EXCEPT AS OTHERWISE PROVIDED BY LAW OR IN THESE BY-LAWS, AN ACT OF THE BOARD OF DIRECTORS MEANS ACTION TAKEN AT A MEETING OF THE BOARD AT WHICH A QUORUM IS PRESENT AND BY VOTE OF A MAJORITY OF THE DIRECTORS PRESENT AT THE TIME OF THE VOTE. CHANGE TO THE DUTIES OF THE ORGANIZATION'S OFFICERS: CHANGE TO THE DUTIES OF THE EXECUTIVE DIRECTOR: NEW SECTION ADDED: EXECUTIVE DIRECTOR; POWERS AND DUTIES. THE EXECUTIVE DIRECTOR SHALL ACT AS THE CHIEF EXECUTIVE OFFICER OF THE CORPORATION AND SHALL SUPERVISE GENERALLY THE OPERATION AND MANAGEMENT OF THE AFFAIRS OF THE CORPORATION SUBJECT ONLY TO THE SUPERVISION OF THE BOARD. THE EXECUTIVE DIRECTOR SHALL IN GENERAL PERFORM ALL DUTIES INCIDENT TO THE POSITION OF EXECUTIVE DIRECTOR AND SUCH OTHER DUTIES AS MAY BE ASSIGNED BY THE BOARD OF DIRECTORS. THE EXECUTIVE DIRECTOR SHALL SEE THAT THE POLICIES, DECISIONS AND GUIDELINES OF THE BOARD OF DIRECTORS ARE IMPLEMENTED. THE EXECUTIVE DIRECTOR SHALL SERVE AT THE PLEASURE OF THE BOARD OF DIRECTORS, SUBJECT TO ANY CONTRACTUAL RIGHTS THE EXECUTIVE DIRECTOR MAY HAVE UNDER ANY WRITTEN AGREEMENT ENTERED INTO WITH THE CORPORATION. THE EXECUTIVE DIRECTOR SHALL BE A NON-VOTING, EX OFFICIO MEMBER OF THE BOARD OF DIRECTORS. CHANGE TO THE DUTIES OF THE OFFICER TREASURER: THE TREASURER SHALL BE RESPONSIBLE FOR MAINTAINING THE FINANCIAL RECORDS, CONTRACTS, AND OTHER DOCUMENTS OF THE CORPORATION. THE TREASURER SHALL PERFORM ALL THE DUTIES INCIDENT TO THE OFFICE OF THE TREASURER, AND SHALL PERFORM SUCH OTHER DUTIES AS FROM TIME TO TIME MAY BE ASSIGNED BY THE BOARD OF DIRECTORS. THE TREASURER SHALL SERVE AS CHAIR OF THE FINANCE COMMITTEE. CHANGE TO THE DUTIES OF THE OFFICER SECRETARY: THE SECRETARY SHALL ENSURE THE BOARD'S COMPLIANCE WITH THESE BY-LAWS. THE SECRETARY SHALL HAVE CUSTODY OF THE MINUTE BOOK CONTAINING THE MINUTES OF ALL MEETINGS OF DIRECTORS, THE EXECUTIVE COMMITTEE, AND ANY OTHER COMMITTEES WHICH MAY KEEP MINUTES, AND OF ALL OTHER CONTRACTS AND DOCUMENTS WHICH ARE NOT IN THE CUSTODY OF THE TREASURER OF THE CORPORATION, OR IN THE CUSTODY OF SOME OTHER PERSON AUTHORIZED BY THE BOARD OF DIRECTORS TO HAVE SUCH CUSTODY. THE SECRETARY SHALL SERVE AS CHAIR OF THE NOMINATING AND GOVERNANCE COMMITTEE. FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 IS PREPARED BY AN INDEPENDENT PUBLIC ACCOUNTING FIRM AND IS PROVIDED TO THE MANAGING DIRECTOR OF PEOPLE & OPERATIONS AND CEO FOR REVIEW AND APPROVAL PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 12C THE ORGANIZATION HAS A CONFLICT OF INTEREST POLICY APPLICABLE TO ALL BOARD MEMBERS AND OFFICERS. ALL APPLICABLE INDIVIDUALS ARE REQUIRED TO SIGN A CONFLICT OF INTEREST AGREEMENT ANNUALLY, DISCLOSING ANY POSSIBLE CONFLICT OF INTEREST AND ARE GIVEN THE OPPORTUNITY TO DISCLOSE ALL MATERIAL FACTS TO THE BOARD. AFTER DISCLOSURE OF ALL MATERIAL FACTS, AND AFTER ANY DISCUSSIONS WITH THE INTERESTED PERSON, HE/SHE LEAVES THE BOARD MEETING WHILE THE DETERMINATION OF A CONFLICT OF INTEREST IS DISCUSSED AND VOTED UPON. THE REMAINING DISINTERESTED BOARD MEMBERS DECIDE IF A CONFLICT OF INTEREST EXISTS BY A MAJORITY VOTE. THE INTERESTED PERSON RECUSES THEMSELVES FROM DELIBERATIONS AND VOTING ON MATTERS GIVING RISE TO SUCH CONFLICT. DELIBERATION AND DECISIONS ARE RECORDED IN THE MINUTES OF THE BOARD. FORM 990, PART VI, SECTION B, LINE 15A EVERY 3 YEARS ORGANIZATION REVIEW ORG-WIDE COMPENSATION OF CEO AND PERCENTILES MAY CHANGE BASED ON COMPENSATION SURVEY DATA AND AN INDEPENDENT COMPENSATION CONSULTANT AND MAY BE REVIEWED BY FINANCE COMMITTEE. THE BOARD CHAIRPERSON IS INITIALLY RESPONSIBLE FOR THE ANNUAL PERFORMANCE AND SALARY EVALUATION OF THE CEO OF LET'S GET READY. THE BOARD CHAIRPERSON SET COMPENSATION, DRAFTS THE REVIEW AND PROPOSED COMPENSATION FOLLOWED BY THE BOARD CHAIRPERSON AND BOARD MEETING INDEPENDENT OF CEO TO DISCUSS CEO'S PERFORMANCE RELATIVE TO THE POSITION DURING THESE DELIBERATIONS, THE BOARD REVIEWS ALL ASPECTS OF CEO'S PERFORMANCE AS WELL AS THE OVERALL PERFORMANCE OF THE ORGANIZATION IN THE PRIOR YEAR. ONCE CONSENSUS IS REACHED REGARDING CEO'S PERFORMANCE, THE APPROPRIATE COMPENSATION WILL BE DETERMINED BASED ON COMPENSATION DATA FOR SIMILARLY QUALIFIED PERSONS IN COMPARABLE POSITIONS AT SIMILARLY SITUATED ORGANIZATIONS. THIS PROCESS WAS LAST COMPLETED IN FY2023 AND DID INCLUDE A REVIEW AND APPROVAL BY THE BOARD CHAIRPERSON AND FULL BOARD. FORM 990, PART VI, SECTION C, LINE 19 LET'S GET READY MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, FINANCIAL STATEMENTS, AND FORM 990 AVAILABLE UPON REQUEST. THE FORM 990 AND FINANCIAL STATEMENTS ARE AVAILABLE ON OUR WEBSITE, LETSGETREADY.ORG. IN ADDITION, THE FORM 990 IS AVAILABLE ON GUIDESTAR.ORG AND SIMILAR WEBSITES. FORM 990, PART XI, LINE 9: LOSS ON DISPOSALS -9,710. FORM 990, PART XII, LINE 2C: THE ORGANIZATION HAS A COMMITTEE THAT ASSUMES RESPONSIBILITY FOR OVERSIGHT OF THE AUDIT OF ITS FINANCIAL STATEMENTS AND SELECTION OF AN INDEPENDENT ACCOUNTANT. THE OVERSIGHT AND SELECTION PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR.