Connecticut · Nonprofit
READYCT INC
READYCT INC (Connecticut) receives grants from 30 organizations whose IRS filings report $6,066,978 to it, the largest being TRAVELERS FOUNDATION ($1,744,000). 16 of them have funded it in more than one year.
- Revenue FY2025
- $7.5M
- Funders on record
- 30
- Grants received
- $6.1M
- Net assets
- $3.1M
What Readyct Inc does
Mission
Readyct works to advance academic excellence and career-connected learning for all public school students in connecticut through collaboration with business, civic, and education leaders.
As stated on its FY2025 Form 990.
Programs
During its 2024-25 program year, readyct significantly advanced economic mobility for connecticut students by bridging the gap between k-12 education and the workforce. The organization provided over 2,900 students with work-based learning (wbl) experiences and delivered career-readiness training to 1,500+ participants. Readyct's deep industry integration was supported by 250+ employer partners, facilitating high-quality, paid internships for 520 students, including nearly 200 interns through the g.r.I.t. And first responders youth academy (frya) summer programs. As a leader in stem learning, readyct scaled its robotics programming to support 306 teams (including 16 rookie teams across 8 alliance districts), established 2 new practice hubs, and celebrated competition wins for 30 schools. Additional impact included 4,500+ students engaging with manufacturers via the manufacturing roadshow series, 200+ seniors completing the student 5.0 program, and 550 students participating in the lt. Governor's computing challenge. Collectively, these initiatives continue to build the talent-ready pipeline to the benefit of students and employers alike.
$6,238,545 spent$7,338,327 earned by the program99% of program spendingFor the 2024-25 program year, readyct focused on advancing policies that help build the teaching workforce through robust participation on a standards board designed to modernize the credentialing process (including removing barriers to the profession) for connecticut public school teachers, together with some focus on in-service educators. Readyct also maintained a presence on the high school graduation requirements working group, established to ensure graduation requirements are positioning students for postsecondary success. Readyct also worked with its affiliate, cbia, to keep state legislators informed on issues that can impact the education-employer alliance.
$71,587 spent1% of program spendingReadyct raises public awareness through targeted events (e.g., the annual business & community partner breakfast), emarketing, media outreach, social media, and its website, working to produce engaging content for a range of stakeholders. Stakeholders include students, parents, teachers, funders, partners, collaborators, legislators, and other influencers.
The 3 programs described on its FY2024 Form 990, listed largest first by expense. Program spending in total: $6,310,132.
The organization over time
Each line starts at 100 in 2017, so what you read is the shape rather than the size: 150 means half as much again as 2017, 50 means half. The number beside each label in the key is where it ended. The shaded band is where the middle 50% of its peers' revenue would sit, given their growth.
Balance sheet
Total assets and total liabilities at each year end, in dollars. The largest one-year move in total assets was 2023 to 2024, from $2.8M to $6.3M (+126%).
How it's funded, over time
Each bar is one year's revenue split into where it came from, and every bar is the same height — these are shares, not amounts, so a year that raised twice as much looks the same size. Hover a bar for the split.
Government-grant reliance: 2021 3% · 2024 26% · 2025 61%. Grants only. Government contracts and fees sit inside program revenue.
86% of READYCT INC’s revenue is contributions — more donation-reliant than the typical peer (48% for the typical peer).
Surplus & reserves
Operating surplus or deficit each year, and months of liquidity in hand. 2 of the last 7 reported years ran a deficit.
reserve
Leadership and staff
The officers, directors, trustees and key employees listed on each return. Joined and no longer listed compare each filing with the year before, matching people by surname and first initial; a year after a gap, or a roster under three people, has no comparison.
Chief executive
Shannon Marimon
Executive director
Board chair
Rick Sharma
Chairman
As listed on its FY2025 Form 990.
Who funds it, year by year
2017 → 2023: the base broadened from 2 funders to 13 funders, grant income rose $110k → $1.5M.
9 of 30 of your funders are donor-advised or pass-through sponsors (tagged DAF) — 35% of grant dollars received. That money is really individual donors directing a sponsor; the institutions to cultivate are the non-DAF funders.
From the IRS filings of READYCT INC’s funders (the co-funder graph). Association, not causation. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.
How concentrated its funding is
READYCT INC has a broad base — no single funder exceeds 29% of grant income, and it takes 3 funders to reach half.
the vertical line marks half of all grant income — 3 funders to its left
46% of the income these shares are computed over arrives through pass-through sponsors or from payers whose filings do not say what kind of payment it is. Concentration is still measured over all of it, because the money is real; what it does not support is a claim about how many institutions have chosen to fund READYCT INC.
Largest funder’s share by year: 2017 91% · 2018 100% · 2019 59% · 2020 79% · 2021 64% · 2022 48% · 2023 40% — diversifying over time.
“Effective funders” = inverse Herfindahl index (1 / Σ shareᵢ²) — the number of equal-sized funders that would give the same concentration. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.
How long its funders stay
64% of READYCT INC's funders are still giving 3 years after their first grant; 53% give in more than one year at all.
Share of funders still giving k years after their first recorded grant, pooled across every acquisition cohort. A funder counts as retained in a year only if it made a grant that year. Measured to FY2023, the last fiscal year that has finished arriving — a funder cannot be counted as lapsed in a year most filers have not reached.
Where its funders are
READYCT INC draws 76% of its grant income from funders outside Connecticut, across 7 states in all.
In-state vs out-of-state, by year
Funder states come from each funder’s own filing. $2.1M arriving through sponsors registered in 6 states is excluded from the map and the split above: a sponsor holds money on a donor’s behalf, so its registered address would place those dollars somewhere no donor need ever have been. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.
Against its field
READYCT INC has grown faster than three-quarters of the 9,615 education nonprofits its size.
this organization peer median middle 50% of peers· 9,615 education nonprofits $1M–$10M, FY2025
Government funding READYCT INC receives
Grants and contracts to this organization from federal (USASpending) and state checkbooks, reconciled to its EIN. $8.5M on record.
- Pass thru Grant Non-State$8.5M
Federal grants vs contracts are distinguished; state line items keep their reported category. Matched by name + geography (the BMF), so coverage is partial and precision-first.
Organizations like READYCT INC
Organizations whose mission and program text most resemble this one, by semantic similarity over every organization in the US filings — the closest peers, and often the clearest route to shared or prospective funders.
In Connecticut
Nationally
Read directly from this organization’s own Form 990, as neutral context.
Where the money goes
88% of spending goes to programs.
Governance
Public support
99%
Share of support from the public (Schedule A) — the basis for its public-charity status.
Footprint & structure
Files a return copy in 1 state
Screen this organization
A dated, signed PDF of the compliance screen for READYCT INC: IRS status (Business Master File, Publication 78, auto-revocation), the OFAC sanctions lists, the Internal Revenue Bulletin, and California registration, with the Rev. Proc. 2018-32 §8.01 reliance elements stated element by element. Generated from the current files at the moment you download it.
Screens are triage, not determinations; a source that cannot be read reports not screened, never clear. Screen this nonprofit · How the screen works · on the API as GET /api/screening/{ein}?format=pdf
Questions and answers
- Who funds READYCT INC?
- READYCT INC (Connecticut) receives grants from 30 organizations whose IRS filings report $6,066,978 to it, the largest being TRAVELERS FOUNDATION ($1,744,000). 16 of them have funded it in more than one year.
- How many funders does READYCT INC have?
- IRS filings report 30 organizations giving $6,066,978 in grants to READYCT INC, 16 of which have funded it in more than one year.
- Who is the largest funder of READYCT INC?
- TRAVELERS FOUNDATION is the largest funder on record, with $1,744,000 in grants. The full list of funders is on this page.
- How can an organization like READYCT INC find more funders?
- Start with the funders already giving here, then look at the foundations that back similar organizations in Connecticut. The funding by cause and by state pages list the largest funders for a given area and how to approach them.
These figures are read directly from IRS Form 990 / 990-PF e-file XML: this organization’s own return for FY2025 (financials across 2017–2025), and the filings of 30 funders that report grants to it. “On record” means captured in the filings we have parsed — a funder that does not e-file, or whose grant detail is not itemized, will not appear. Filings run roughly 12–24 months behind. Trends on this page end at FY2023, the last fiscal year that has finished arriving; later years are shown and marked, and move no figure. Data on this page was exported October 22, 2026. What this page cannot tell you · view filing