Nonprofit · EIN 86-1236556
PROJECT READY
Tax-exempt · NEWARK, NJ 07102
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2026 | 990 | $68,157 | $532,748 | -$464,591 | $33,695 | $4,150 | $29,545 |
| June 30, 2025 | 990 | $1,353,948 | $1,598,421 | -$244,473 | $519,531 | $25,395 | $494,136 |
| June 30, 2024 | 990 | $1,608,983 | $1,941,914 | -$332,931 | $872,884 | $134,275 | $738,609 |
| June 30, 2023 | 990 | $3,104,022 | $2,526,155 | $577,867 | $1,142,697 | $71,157 | $1,071,540 |
Financial details: 990 for the year ended June 30, 2026
Revenue
- Contributions, gifts and grants
- $33,290
- Program service revenue
- $0
- Investment income
- $2,535
- Other revenue
- $32,332
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $231,215
- Other salaries and wages
- $750
- Salaries, compensation and benefits (total)
- $279,485
- Professional fundraising fees
- $0
- Legal fees
- $468
- Accounting fees
- $75,500
- Occupancy
- $29,357
- Travel
- $379
- Depreciation
- $2,953
- Program services (functional)
- $157,740
- Management and general (functional)
- $394,398
Balance sheet and other
- Total assets, start of year
- $519,531
- Total assets, end of year
- $33,695
- Total liabilities, end of year
- $4,150
- Net assets, end of year
- $29,545
- Net assets without donor restrictions
- $29,545
- Gross receipts
- $68,157
- Employees
- 2
- Volunteers
- 0
- Year formed
- 2021
- State of legal domicile
- NJ
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended June 30, 2026, highest compensation first.
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| SHENNELL MCCLOUD | EXECUTIVE DIRECTOR Trustee or director, Officer, Key employee, Highest-paid employee | 30 | $192,445 | $19,385 | $19,385 |
| KARIN GERALD term 7-23-06 | BOARD TRUSTEE Trustee or director | 0.17 | $30,900 | $0 | $0 |
| PATRICK TERBORG | CHAIR Trustee or director, Officer | 0.25 | $0 | $0 | $0 |
| CALVIN SOUDER | TREASURER Trustee or director, Officer | 0.17 | $0 | $0 | $0 |
| NAYIBE CAPELLAN | SECRETARY Trustee or director, Officer | 0.17 | $0 | $0 | $0 |
990 for the year ended June 30, 2025: 7 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| SHENNELL MCCLOUD | EXECUTIVE DIRECTOR/CEO Trustee or director, Officer | 30 | $236,194 | $41,105 |
| RONALD AUGUSTIN | DEPUTY EXECUTIVE DIRECTOR Highest-paid employee | 40 | $134,166 | $62,438 |
| BRITTANY KIRKLAND | CHIEF PROGRAMS OFFICER Highest-paid employee | 40 | $138,626 | $18,235 |
| KARIN GERALD | BOARD TRUSTEE Trustee or director | 0.17 | $71,828 | $18,029 |
| PATRICK TERBORG | CHAIR Trustee or director, Officer | 0.25 | $0 | $0 |
| CALVIN SOUDER | TREASURER Trustee or director, Officer | 0.25 | $0 | $0 |
| NAYIBE CAPELLAN | SECRETARY Trustee or director, Officer | 0.17 | $0 | $0 |
990 for the year ended June 30, 2024: 9 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| SHENNELL MCCLOUD | EXECUTIVE DIRECTOR/CEO Trustee or director, Officer | 30 | $227,344 | $35,889 |
| KARIN GERALD | COO Officer | 32 | $151,703 | $39,849 |
| RONALD AUGUSTIN | DEPUTY EXECUTIVE DIRECTOR Highest-paid employee | 40 | $135,164 | $45,017 |
| NAYIBE CAPELLAN | BOARD TRUSTEE Trustee or director | 0.17 | $37,996 | $5,214 |
| CALVIN SOUDER | TREASURER Trustee or director, Officer | 0.25 | $0 | $0 |
| PAULA WHITE | OUTGOING SECRETARY (4/2024) Trustee or director, Officer | 0.17 | $0 | $0 |
| PATRICK TERBORG | CHAIR Trustee or director, Officer | 0.25 | $0 | $0 |
| CARLOS LEJNIEKS | OUTGOING BOARD TRUSTEE (4/2024) Trustee or director | 0.17 | $0 | $0 |
| KYLE ROSENKRANS | OUTGOING TREASURER (4/2024) Trustee or director, Officer | 0.17 | $0 | $0 |
990 for the year ended June 30, 2023: 10 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| SHENNELL MCCLOUD | EXECUTIVE DIRECTOR/CEO Trustee or director, Officer | 30 | $211,651 | $33,046 |
| KARIN GERALD | COO Officer | 32 | $144,622 | $33,550 |
| NAYIBE CAPELLAN | CHIEF OF STAFF Officer | 35 | $147,696 | $13,330 |
| RONALD AUGUSTIN | DEPUTY EXECUTIVE DIRECTOR Highest-paid employee | 40 | $119,999 | $8,972 |
| KYLE ROSENKRANS | TREASURER Trustee or director, Officer | 0.25 | $0 | $0 |
| PAULA WHITE | SECRETARY Trustee or director, Officer | 0.17 | $0 | $0 |
| PATRICK TERBORG | CHAIR Trustee or director, Officer | 0.25 | $0 | $0 |
| CALVIN SOUDER | BOARD TRUSTEE Trustee or director | 0.17 | $0 | $0 |
| CARLOS LEJNIEKS | BOARD TRUSTEE Trustee or director | 0.17 | $0 | $0 |
| MELISSA D'AGOSTINO | BOARD TRUSTEE Trustee or director | 0.17 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 17 ACADEMY ST STE 1201, NEWARK, NJ 07102-2925
- In care of
- % SHENNELL MCCLOUD
- Mailing address (990-N for 2020)
- 70 CLINTON AVENUE 2ND FLOOR, NEWARK NJ 07114
- Principal officer (990 for 2025)
- SHENNELL MCCLOUD, 17 ACADEMY ST STE 1201, Newark, NJ 07102
- Principal officer (990-N for 2020)
- SHENNELL MCCLOUD, 70 CLINTON AVENUE 2ND FLOOR, NEWARK NJ 07114
- Signed the 990
- SHENNELL MCCLOUD, EXECUTIVE DIRECTOR
- Phone
- (862) 955-0506
- Return prepared by
- Beacon Accounting and Management Solutions inc
Mission
Organizational Transition & Stewardship: During the fiscal year Project Ready successfully completed the responsible wind-down of its charitable operations while fulfilling existing programmatic commitments and stewarding organizational resources. The organization prioritized responsible fiscal management grant compliance preservation of programmatic assets and thoughtful transition planning to maximize the long-term impact of its work and ensure continuity of its mission through future community initiatives.
Program accomplishments
- Civic Education & Youth Engagement: Project Ready NJ continued to provide civic education opportunities for young people through interactive programming that promoted civic participation leadership and community engagement. The organization completed implementation of the Voting Power Experience Pop-Up Museum and supported youth-centered civic learning initiatives designed to strengthen students understanding of democracy voting rights and social responsibility. Media Storytelling & Civic Dialogue: Project Ready expanded its storytelling initiatives by producing and distributing multimedia content that elevated conversations around belonging civic engagement education and democracy. Through interviews digital media production documentary storytelling and public dialogue the organization amplified diverse community voices and created accessible civic education resources for broader public engagement. Community Engagement & Leadership Development: Project Ready operated community-based programming that convened nonprofit leaders educators advocates students and residents through workshops networking events leadership conversations and educational forums. Programming emphasized collaboration community leadership and strengthening civic participation while creating opportunities for relationship-building across sectors. Youth Leadership & Student Organizing: Through strategic partnerships with schools and community organizations Project Ready continued supporting youth leadership development and student organizing initiatives. Students participated in civic engagement activities voter outreach school climate initiatives public speaking leadership development and community organizing experiences that strengthened their civic knowledge and leadership capacity. Organizational Transition & Stewardship: During the fiscal year Project Ready successfully completed the responsible wind-down of its charitable operations while fulfilling existing programmatic commitments and stewarding organizational resources. The organization prioritized responsible fiscal management grant compliance preservation of programmatic assets and thoughtful transition planning to maximize the long-term impact of its work and ensure continuity of its mission through future community initiatives.Expenses $157,740 · revenue $25,000
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in June, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | June 30, 2026 | November 16, 2026 | 990 on file |
| 2024 | June 30, 2025 | November 17, 2025 | 990 on file |
| 2023 | June 30, 2024 | November 15, 2024 | 990 on file |
IRS record
- EIN
- 86-1236556
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (170(b)(1)(A)(vi))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 2021
- Accounting year ends
- June
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Education (B01)
- Assets (IRS master file)
- $33,695
- Income (IRS master file)
- $68,157
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | June 2026 | $68,157 | $532,748 | $33,695 | XML |
| 990 | June 2025 | $1,353,948 | $1,598,421 | $519,531 | IRS |
| 990 | June 2024 | $1,608,983 | $1,941,914 | $872,884 | XML |
| 990 | June 2023 | $3,104,022 | $2,526,155 | $1,142,697 | XML |
| 990 | June 2022 | $2,709,148 | $2,215,250 | $545,292 | IRS |
| 990-N for 2020 Officer: SHENNELL MCCLOUD | June 30, 2021 | ≤ $50,000 receipts | – | – | e-Postcard |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 86-1236556).
Questions about PROJECT READY
- What is the EIN of PROJECT READY?
- The employer identification number (EIN) of PROJECT READY is 86-1236556.
- Is PROJECT READY tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2021.
- Are donations to PROJECT READY tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does PROJECT READY file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of PROJECT READY due?
- The return for tax year 2026 (the year ending June 30, 2027) is due November 15, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did PROJECT READY last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended June 2026.
- Who is the principal officer of PROJECT READY?
- The 990 for the year ended June 30, 2026 names SHENNELL MCCLOUD.
- Who are the officers and directors of PROJECT READY?
- The 990 for the year ended June 30, 2026 lists 5 people; 2 received compensation from the organization, the highest $192,445 (SHENNELL MCCLOUD, EXECUTIVE DIRECTOR).
- How much revenue does PROJECT READY have?
- On its 990 for the year ended June 30, 2026 it reported revenue of $68,157, expenses of $532,748 and total assets of $33,695 at year end.
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