PROJECT READY WORKS TO CLOSE THE OPPORTUNITY GAPS AND IMPROVE LIFE OUTCOMES BY AMPLIFYING ISSUES AT THE INTERSECTION OF SOCIAL JUSTICE, PUBLIC HEALTH, EDUCATIONAL INEQUITIES, AND CIVIC ENGAGEMENT. BY SPEARHEADING GROUNDBREAKING INITIATIVES THAT HIGHLIGHT, UPLIFT, AND RESTORE THE NARRATIVES OF BLACK AND BROWN VOICES, PROJECT READY EMPOWERS COMMUNITIES TO RESHAPE HARMFUL POLICIES AND DEMAND SOCIAL JUSTICE.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$873K
-23.6% YoY
Revenue
$1.6M
-48.2% YoY
Net Investment Income
$18K
+59.1% YoY
Expenses
$1.9M
-23.1% YoY
About Project Ready
Based on IRS filings
Project Ready is a nonprofit organization focused on Education, based in NEWARK, NJ. IRS filing data is available from 2022 through 2024. As of 2024, the organization holds $873K in total assets. Net investment income was $18K.
Focus Areas
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
States
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $872,884 | $1,142,697 | $545,292 |
| Revenue | $1,608,983 | $3,104,022 | $2,709,148 |
| Expenses | $1,941,914 | $2,526,155 | $2,215,250 |
| Qualifying Distributions | — | — | — |
| Net Investment Income | $18,368 | $11,548 | $2,591 |
| Distributable Amount | — | — | — |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 0 recipients in 2024
Grant Size Distribution
4 grants across all recorded years
Giving History
Grant recipients and amounts by year
No grants recorded for .
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| SHENNELL MCCLOUD | EXECUTIVE DIRECTOR/CEO | 30 | $227,344 |
| NAYIBE CAPELLAN | BOARD TRUSTEE | 0.17 | $37,996 |
| CALVIN SOUDER | TREASURER | 0.25 | — |
| PAULA WHITE | OUTGOING SECRETARY (4/2024) | 0.17 | — |
| PATRICK TERBORG | CHAIR | 0.25 | — |
| CARLOS LEJNIEKS | OUTGOING BOARD TRUSTEE (4/2024) | 0.17 | — |
| KYLE ROSENKRANS | OUTGOING TREASURER (4/2024) | 0.17 | — |
| KARIN GERALD | COO | 32 | $151,703 |
| RONALD AUGUSTIN | DEPUTY EXECUTIVE DIRECTOR | 40 | $135,164 |
Subject Areas
Focus areas based on grantmaking activity
Related Funders
Similar funders by location and focus area
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Total Given
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Margaret a Darrin Charitable Trust
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Assets
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Total Given
$6.9M
Anplr Religious Education Inc
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Assets
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Grants
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Total Given
—
New Digital Trade Coalition Ndtc
NORTH BERGEN, NJ
Assets
$300
Grants
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Total Given
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Stephen J Machuta Scholarship Trust
PENNINGTON, NJ
Assets
$1.9M
Grants
1
Total Given
$70K
Data last updated April 2026. Sourced from IRS Form 990-PF filings.
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