Let's Get Ready, Inc.
Students Helping Students To and Through College
Learn how to support this organization
Let's Get Ready, Inc.
EIN: 31-1698832
as of November 2024
as of November 11, 2024
Programs and results
What we aim to solve
Students from low-income backgrounds face lifelong disadvantages due to disparities in college enrollment and graduation rates. Only 47% of low-income high school students will enroll in college, compared to 82% of their higher-income peers, and 11% of students in the bottom income quartile will complete a four-year college degree within six years, compared to 79% of wealthier students. In communities served by Let’s Get Ready, schools often lack the necessary resources to support students who need extra assistance. Students’ families find it difficult to fill in the gap, as most lack knowledge of the complicated college application process. Given their families’ limited financial means, many of our students believe they can’t afford to go to college. Let’s Get Ready seeks to remedy these inequalities in college advising and test prep, helping students improve scores, secure admission to well-matched schools, and persist to graduation.
Our programs
What are the organization's current programs, how do they measure success, and who do the programs serve?
College Access, Transition, and Success Programs
Let’s Get Ready’s three-part model (Access, Transition, and Success) represents a six-year continuum of support from the junior year of high school through college graduation. Services are delivered by volunteer college student Coaches — many of them former participants or from similar backgrounds— who serve as SAT tutors, college advisers, and near-peer mentors. Because of the reliance on carefully trained Coaches, Let's Get Ready's programs are highly flexible, cost-efficient, and scalable. Access participants improve their SAT scores, learn about colleges that are a good fit for them, and complete their admissions and financial aid applications. They acquire skills, knowledge, and confidence that will help them transition to college and earn a degree. Overall, 91% of Let's Get Ready Access alumni enroll in college. Meanwhile, the Transition and Success programs, established in 2014, offer students continued mentorship, resources, and interventions to help students make a successful transition to a college well-matched to their aspirations and level of achievement — and to stay on track through graduation.
College Access: Built on strategic collaborations between colleges, high schools, and community organizations, each Let’s Get Ready high school program brings together 30-50 students and 10-15 trained volunteer Coaches. Each is managed by two college student Site Directors who receive a small stipend. Organizational partners provide space and volunteer time, and many cover part of the program cost. Programs meet twice a week for 3 hours (and some Saturdays), running for 9 weeks in the fall, spring or summer.
Classes are kept small and grouped according to ability. Let's Get Ready has proprietary curriculum and a rigorous training and supervisory structure. Connecting with each young person to encourage, inspire, and build self-confidence is a high priority. The College Access program includes: 30 hours of rigorous SAT prep and 2 practice SAT exams; 15+ hours of assistance with college selection, applications, essays, and financial aid/scholarships; intensive mentoring; college trips and special information sessions with college admissions officers; financial aid workshops with trained professionals for students and families; and family orientation sessions and workshops throughout the year.
Transition: Upon completion of the Access Program, students are automatically enrolled in Transition for support throughout senior year and during the vulnerable period between college acceptance and attendance, when students with fewer resources and less knowledge about college life may fail to matriculate. To facilitate a successful transition, Let’s Get Ready focuses on finding the right college match for each student and staying in contact with students through the summer. Transition Coaches — current college undergraduates, often Let’s Get Ready alumni, with backgrounds similar to that of our students — guide them through the steps of preparing for their fall freshman semester including meeting important deadlines, finalizing financial aid and understanding course requirements and registration. They address individual concerns and help students manage the social and emotional issues that arise during this period through the Signal Vine text-messaging platform. Additionally, we provide Summer Transition Workshops emphasizing skills and activities such as accessing resources on campus, time management and money management
Recently launched in spring 2018, students now have the opportunity to opt-in to our Transition ‘Core Plus’ Program which allows for an increased level of individualized mentoring. The existing Transition Programs’ services offer high-quality and timely information for all students, but we found an urgent need existed for more in-depth and diversified services. Each student in the Transition Core Plus Program is assigned a dedicated near-peer coach to provide regular check-ins to assess progress toward senior year milestones. Let’s Get Ready’s program is based on a commitment to empowering students and building their confidence in their knowledge of their own needs and in their own decisions. Adding this Core Plus option ensures that students use these skills and have a strong choice and voice in the services that will most benefit them.
College Success: Let’s Get Ready’s program model doesn’t end at college enrollment. Over 11,000 Let’s Get Ready alumni now attend a wide range of colleges of varying competitiveness. To increase college persistence and graduation rates for these students, Let’s Get Ready’s College Success Program provides links to critical resources, tools and supports on- and off-campus.
The centerpieces of the Success Program are campus-based Peer Success Sites at colleges with a critical mass of Let’s Get Ready alumni, providing continued near-peer mentorship. Sites are located at 30 colleges and universities throughout Connecticut, Maine, Massachusetts, New York and Pennsylvania and a Virtual Success Site launching in the fall, serving Let’s Get Ready undergraduates at all other colleges. Replicating our near-peer "students helping students” model, Let’s Get Ready trains college upperclassmen, many themselves Let’s Get Ready alumni, to mentor new students through the challenges of college life, help them leverage resources and foster peer mentoring support groups.
Where we work
Photos
Goals & Strategy
Learn about the organization's key goals, strategies, capabilities, and progress.
Charting impact
Four powerful questions that require reflection about what really matters - results.
What is the organization aiming to accomplish?
LGR's goal is to increase the accessibility of a college education for students from historically underrepresented backgrounds by:
Providing students from low-income and/or first-generation-to-college backgrounds with the academic skills and SAT preparation needed to gain acceptance and make a successful transition to colleges that best match their achievements and aspirations.
Guiding students transitioning between high school graduation and the start of their freshman year as they navigate college essays, financial aid forms, and the college application process, ensuring that they reach matriculation.
Supporting students while in college through near-peer mentorship, workshops, and connections to resources and critical information on an ongoing basis, easing the adjustment to college and providing social support.
Engaging college students in volunteer service that builds their interest and involvement in their local community, in public service, and in the field of education.
What are the organization's key strategies for making this happen?
LGR addresses disparities in college admissions guidance and test prep through our Access Programs, which leverage partnerships between community-based organizations, local high schools, and neighboring colleges. LGR utilizes a unique model that pairs our high school students with trained near-peer mentors and tutors, who are current college students that deliver our refined curriculum. LGR continues to utilize its near-peer model in the Transition and Success Programs. Students are partnered with a Transition Coach, who acts as a remote guide through the college application and admissions process via a digital texting platform. Once admitted to a college, students continue to be supported virtually or at one of the organization’s Peer Success sites, becoming part of an on-campus cohort led by a Success Coach. After completing the three-tier model, LGR alumni graduate from college at a rate five times the national average for students from similar demographic backgrounds.
What are the organization's capabilities for doing this?
LGR’s near-peer model harnesses the motivation and talents of college students trained to administer our curriculum. Near-peer mentors are approachable and accessible to students in ways that traditional adult mentors are not. They foster students’ connection to a college-going community and provide a supportive framework for the social and emotional development necessary for college success, including confidence, decision-making, and belonging. By utilizing neer-peer mentors, LGR is extremely cost-effective and can be offered free of charge to participating students.
LGR has formalized organizational goals and outcomes with a recently completed a strategic plan which outlines our path to scale and increase impact. Additionally, we developed a Theory of Change which focuses on representing the true continuum of services we offer throughout a student's experience, the centrality of the near-peer mechanism, and our commitment to this work in a wider social justice-related context.
What have they accomplished so far and what's next?
LGR has a proven track record of supporting students when they begin to navigate the college admissions process. On average, 91% of our Access Program participants enroll in college versus 47% of students from comparable backgrounds.
In 2014, recognizing that college graduation, not admission, is the final measure of success, LGR piloted its Transition and Success programs, providing a seamless continuum of support for students to and through college that now reaches over 14,000 students each year. Initial results are extremely promising with 94% of students in the first cohort and 91% in the second persisting from Year 1 to 2 and 88% persisting from Year 2 to 3. Students in two-year colleges persisted at rates 26% higher than those for the overall population of their schools. We are currently implementing success program expansion and enhancements, including creating a college entry point for non-LGR alumni, virtual mentoring strategies, and differentiated tiers of service.
Financials
Financial documents
Download audited financialsRevenue vs. expenses: breakdown
Liquidity in 2023 info
29.32
Months of cash in 2023 info
3.2
Fringe rate in 2023 info
18%
Funding sources info
Assets & liabilities info
Financial data
Let's Get Ready, Inc.
Balance sheetFiscal Year: Sep 01 - Aug 31
The balance sheet gives a snapshot of the financial health of an organization at a particular point in time. An organization's total assets should generally exceed its total liabilities, or it cannot survive long, but the types of assets and liabilities must also be considered. For instance, an organization's current assets (cash, receivables, securities, etc.) should be sufficient to cover its current liabilities (payables, deferred revenue, current year loan, and note payments). Otherwise, the organization may face solvency problems. On the other hand, an organization whose cash and equivalents greatly exceed its current liabilities might not be putting its money to best use.
Fiscal Year: Sep 01 - Aug 31
This snapshot of Let's Get Ready, Inc.’s financial trends applies Nonprofit Finance Fund® analysis to data hosted by GuideStar. While it highlights the data that matter most, remember that context is key – numbers only tell part of any story.
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Business model indicators
Profitability info | 2019 | 2020 | 2021 | 2022 | 2023 |
---|---|---|---|---|---|
Unrestricted surplus (deficit) before depreciation | -$191,619 | $353,715 | $595,707 | $681,557 | $388,143 |
As % of expenses | -5.0% | 13.3% | 22.3% | 23.0% | 11.3% |
Unrestricted surplus (deficit) after depreciation | -$220,516 | $335,027 | $583,138 | $660,550 | $368,902 |
As % of expenses | -5.7% | 12.6% | 21.7% | 22.1% | 10.7% |
Revenue composition info | |||||
---|---|---|---|---|---|
Total revenue (unrestricted & restricted) | $3,433,136 | $2,728,106 | $3,876,606 | $3,738,443 | $4,282,623 |
Total revenue, % change over prior year | -3.1% | -20.5% | 42.1% | -3.6% | 14.6% |
Program services revenue | 8.3% | 5.8% | 2.2% | 2.1% | 5.7% |
Membership dues | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
Investment income | 0.5% | 0.2% | 0.1% | 0.2% | 0.9% |
Government grants | 0.0% | 0.0% | 13.5% | 8.1% | 0.0% |
All other grants and contributions | 89.6% | 90.0% | 84.2% | 89.6% | 93.5% |
Other revenue | 1.5% | 4.0% | 0.0% | 0.0% | 0.0% |
Expense composition info | |||||
---|---|---|---|---|---|
Total expenses before depreciation | $3,870,582 | $2,649,617 | $2,672,689 | $2,967,455 | $3,438,587 |
Total expenses, % change over prior year | -2.6% | -31.5% | 0.9% | 11.0% | 15.9% |
Personnel | 75.2% | 76.9% | 74.7% | 80.4% | 80.9% |
Professional fees | 6.8% | 3.5% | 7.3% | 6.2% | 7.5% |
Occupancy | 4.8% | 7.9% | 8.4% | 0.0% | 1.0% |
Interest | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
Pass-through | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
All other expenses | 13.1% | 11.7% | 9.6% | 13.3% | 10.6% |
Full cost components (estimated) info | 2019 | 2020 | 2021 | 2022 | 2023 |
---|---|---|---|---|---|
Total expenses (after depreciation) | $3,899,479 | $2,668,305 | $2,685,258 | $2,988,462 | $3,457,828 |
One month of savings | $322,549 | $220,801 | $222,724 | $247,288 | $286,549 |
Debt principal payment | $0 | $0 | $0 | $0 | $0 |
Fixed asset additions | $0 | $0 | $61,600 | $0 | $0 |
Total full costs (estimated) | $4,222,028 | $2,889,106 | $2,969,582 | $3,235,750 | $3,744,377 |
Capital structure indicators
Liquidity info | 2019 | 2020 | 2021 | 2022 | 2023 |
---|---|---|---|---|---|
Months of cash | 1.5 | 6.2 | 9.2 | 4.1 | 3.2 |
Months of cash and investments | 2.0 | 7.0 | 10.3 | 8.7 | 9.0 |
Months of estimated liquid unrestricted net assets | 1.8 | 4.2 | 6.6 | 8.8 | 8.9 |
Balance sheet composition info | 2019 | 2020 | 2021 | 2022 | 2023 |
---|---|---|---|---|---|
Cash | $491,646 | $1,362,014 | $2,039,672 | $1,024,573 | $930,492 |
Investments | $167,096 | $187,091 | $249,241 | $1,118,876 | $1,642,498 |
Receivables | $620,409 | $308,672 | $629,014 | $831,500 | $1,131,994 |
Gross land, buildings, equipment (LBE) | $245,502 | $245,502 | $307,102 | $299,202 | $53,700 |
Accumulated depreciation (as a % of LBE) | 77.8% | 85.4% | 72.4% | 81.3% | 49.9% |
Liabilities (as a % of assets) | 6.4% | 32.6% | 17.3% | 7.8% | 2.3% |
Unrestricted net assets | $638,690 | $973,717 | $1,560,872 | $2,221,422 | $2,590,324 |
Temporarily restricted net assets | $674,259 | N/A | N/A | N/A | N/A |
Permanently restricted net assets | $0 | N/A | N/A | N/A | N/A |
Total restricted net assets | $674,259 | $306,472 | $947,664 | $650,000 | $1,130,824 |
Total net assets | $1,312,949 | $1,280,189 | $2,508,536 | $2,871,422 | $3,721,148 |
Key data checks
Key data checks info | 2019 | 2020 | 2021 | 2022 | 2023 |
---|---|---|---|---|---|
Material data errors | No | No | No | No | No |
Operations
The people, governance practices, and partners that make the organization tick.
Documents
Chief Executive Officer
Lena Eberhart
Lena joined Let’s Get Ready in June 2016 after fifteen years in the college access and success field, and with broad experience in program implementation and design, organizational growth, and partnership development. She began as a college counselor at the I Have a Dream Foundation, and transitioned to Comprehensive Development, Inc. (CDI) where she served as Director of College and Career Services at their founding high school, and then as Site Director overseeing CDI’s first expansion to multiple sites. Lena worked at iMentor as Managing Director for the NYC program, steering the site through a period of strategic growth. As a consultant for Phoenix House, Lena developed and facilitated student and parent curriculum focused on drug abuse prevention programs for adolescents. Lena received a BA in Religion from Reed College and a MS in Urban Studies from Hunter College.
Number of employees
Source: IRS Form 990
Let's Get Ready, Inc.
Officers, directors, trustees, and key employeesSOURCE: IRS Form 990
Compensation data
Let's Get Ready, Inc.
Highest paid employeesSOURCE: IRS Form 990
Compensation data
Let's Get Ready, Inc.
Board of directorsas of 08/22/2023
Board of directors data
Mr. Brook Payner
Partner, Pinehouse Capital LLC
Eugenie Lang Rosenthal
Founder, Let's Get Ready
Priscilla Natkins
Marketing Consultant
Jeffrey A. Jacobs
Merrill Lynch Private Banking & Investment Group
Grace Lamont
PricewaterhouseCoopers
Gary Matthews
Morgan Stanley
Patricia McWade
Georgetown University
Laurent Desmangles
The Boston Consulting Group
Brook Payner
Pinehouse Capital LLC
Kate Levin
Macaulay Honors College, City College of New York
Kate Rubenstein
The Blackstone Group
Ben Tagoe
VantageScore Solutions, LLC
Ryan Blackwell
Renaissance
Jung Chai
Community Volunteer
Peter Cole
Caxton
Portia Green
NBC Universal Comcast
Adrian Mebane
AmeriHealth Caritas
James Quinn
Quinn ADR LLP
Alan Schoenfeld
WilmerHale
Board leadership practices
GuideStar worked with BoardSource, the national leader in nonprofit board leadership and governance, to create this section.
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Board orientation and education
Does the board conduct a formal orientation for new board members and require all board members to sign a written agreement regarding their roles, responsibilities, and expectations? No -
CEO oversight
Has the board conducted a formal, written assessment of the chief executive within the past year ? No -
Ethics and transparency
Have the board and senior staff reviewed the conflict-of-interest policy and completed and signed disclosure statements in the past year? No -
Board composition
Does the board ensure an inclusive board member recruitment process that results in diversity of thought and leadership? No -
Board performance
Has the board conducted a formal, written self-assessment of its performance within the past three years? No
Organizational demographics
Who works and leads organizations that serve our diverse communities? Candid partnered with CHANGE Philanthropy on this demographic section.
Leadership
The organization's leader identifies as:
Race & ethnicity
No data
Gender identity
No data
Transgender Identity
No data
Sexual orientation
No data
Disability
No data
Contractors
Fiscal year endingProfessional fundraisers
Fiscal year endingSOURCE: IRS Form 990 Schedule G