Public Charity

Project Ready

Project Ready, of Newark, NJ, is a Public Charity tracked in Imperigo's IRS 990 database. The 2026 filing shows $68K in revenue, $533K in expenses, $34K in total assets. 6 publicly reported grants to this organization, totaling roughly $5.8M, appear in IRS filings.

EIN: 861236556 Newark, NJ Alliances & Advocacy NTEE: B01 Latest filing: 2026
Total Revenue$68K
Total Expenses$533K
Total Assets$34K
Grant Records6
Funding Total$5.8M
Filing Years2022–2026

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.

Where $100 goes at Project Ready

How Project Ready divides every $100 it spends, from its own Form 990 filings, averaged across 5 years.

$44 Programs the work itself
$55 Management running the organization
$1 Fundraising raising the next dollar

Inside the $44 for programs

$44
Civic Education & Youth Engagement
All program spending
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Source: Form 990 filings with the IRS, latest fiscal year 2026. Shares are from the organization's reported expenses. Data by Imperigo; not affiliated with the IRS.

Sample Grants Received

2024
TO SUPPORT PROJECT READY AS IT LAUNCHES ITS LITERACY ACCELERATOR PROGRAM TO ENGAGE PARENTS IN THEIR CHILDS LITERACY EDUCATION
$1,000,000
$115,000
2023
TO SUPPORT PROJECT READY GENERAL OPERATIONS.
$1,590,000
2023
FOR GENERAL OPERATING SUPPORT
$50,000
2022
TO SUPPORT PROJECT READY PROGRAMMING.
$2,992,501

Showing up to 5 of 6 total records — full history available with membership.

Officers & Directors

TREASURER Calvin Souder
BOARD TRUSTEE Karin Gerald Term 7-23-06
SECRETARY Nayibe Capellan
CHAIR Patrick Terborg
EXECUTIVE DIRECTOR Shennell Mccloud

Officer compensation and complete director data available with membership.

Top Grant Purposes

General Support
$4,772,501 5 grants
Education
$1,000,000 1 grant

Financial Trends

Year Revenue Expenses Assets
2026 $68K $533K $34K
2025 $1.4M $1.6M $520K
2024 $1.6M $1.9M $873K
2023 $3.1M $2.5M $1.1M
2022 $2.7M $2.2M $545K

Between 2022 and 2026, reported annual revenue declined from $2.7M to $68K (-97%), with total assets most recently reported at $34K.

Interactive year-over-year charts and full filing details available with membership.

See the full picture for Project Ready

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