Civic Intelligence

Reaching U a Foundation for Uruguay

990 • Fiscal year 2016 • EIN 01-0599150

Jan 01, 2016 to Dec 31, 2016 • Filed on Sep 27, 2017

PO Box 729New York, NY 10108

(786) 252-2428

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

42nd percentile

0.06x

Higher debt load relative to assets than 42% of similar nonprofits.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2016

Liabilities / Revenue

37th percentile

0.05x

Higher debt load relative to revenue than 37% of similar nonprofits.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2016

Net Margin

8th percentile

-43%

Higher net margin than 8% of similar nonprofits.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2016

Top Officer Pay

57th percentile

$77,217

Higher top officer pay than 57% of similar nonprofits.

Top officer pay equals 4.7% of source-year revenue.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2016

Asset Growth

3rd percentile

-32%

Faster asset growth than 3% of similar nonprofits.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2015 to 2016

Revenue Growth

63rd percentile

8.7%

Faster revenue growth than 63% of similar nonprofits.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2015 to 2016

Assets

Down

$1,512,972

Down $725,858 (-32%) from 2015

Net Assets

Down

$1,425,384

Down $704,136 (-33%) from 2015

Liabilities

Down

$87,588

Down $21,722 (-20%) from 2015

Revenue

Up

$1,654,413

Up $132,112 (+8.7%) from 2015

Expenses

Down

$2,358,549

Down $2,001,011 (-46%) from 2015

Net Income

Up

-$704,136

Up $2,133,123 (+75%) from 2015

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$6.0M$4.0M$2.0M$0Assets 2010: $402,462Liabilities 2010: $1,000Net Assets 2010: $401,4622010Assets 2011: $421,859Liabilities 2011: $52,886Net Assets 2011: $368,9732011Assets 2012: $581,774Liabilities 2012: $27,066Net Assets 2012: $554,7082012Assets 2013: $736,946Liabilities 2013: $43,398Net Assets 2013: $693,5482013Assets 2014: $5,083,252Liabilities 2014: $116,473Net Assets 2014: $4,966,7792014Assets 2015: $2,238,830Liabilities 2015: $109,310Net Assets 2015: $2,129,5202015Assets 2016: $1,512,972Liabilities 2016: $87,588Net Assets 2016: $1,425,3842016Assets 2017: $2,666,170Liabilities 2017: $8,500Net Assets 2017: $2,657,6702017Assets 2018: $1,200,941Liabilities 2018: $32,822Net Assets 2018: $1,168,1192018Assets 2019: $1,163,874Liabilities 2019: $33,737Net Assets 2019: $1,130,1372019Assets 2020: $1,509,914Liabilities 2020: $62,883Net Assets 2020: $1,447,0312020Assets 2021: $2,486,348Liabilities 2021: $124,065Net Assets 2021: $2,362,2832021Assets 2022: $2,983,341Liabilities 2022: $202,097Net Assets 2022: $2,781,2442022Assets 2023: $2,760,037Liabilities 2023: $369,070Net Assets 2023: $2,390,9672023Assets 2024: $2,536,300Liabilities 2024: $237,991Net Assets 2024: $2,298,3092024

Highlighted filing

2016

Assets$1,512,972
Liabilities$87,588
Net Assets$1,425,384

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$10M$5.0M$0-$5.0MExpenses 2010: $269,4862010Expenses 2011: $370,9592011Expenses 2012: $436,6792012Revenue 2013: $621,003Expenses 2013: $482,163Net Income 2013: $138,8402013Revenue 2014: $5,348,537Expenses 2014: $1,075,306Net Income 2014: $4,273,2312014Revenue 2015: $1,522,301Expenses 2015: $4,359,560Net Income 2015: -$2,837,2592015Revenue 2016: $1,654,413Expenses 2016: $2,358,549Net Income 2016: -$704,1362016Revenue 2017: $4,529,452Expenses 2017: $3,297,166Net Income 2017: $1,232,2862017Revenue 2018: $1,449,899Expenses 2018: $2,848,787Net Income 2018: -$1,398,8882018Revenue 2019: $742,057Expenses 2019: $780,039Net Income 2019: -$37,9822019Revenue 2020: $1,190,453Expenses 2020: $873,559Net Income 2020: $316,8942020Revenue 2021: $1,912,051Expenses 2021: $996,769Net Income 2021: $915,2822021Revenue 2022: $1,825,484Expenses 2022: $1,406,448Net Income 2022: $419,0362022Revenue 2023: $1,181,951Expenses 2023: $1,616,780Net Income 2023: -$434,8292023Revenue 2024: $1,118,815Expenses 2024: $1,222,527Net Income 2024: -$103,7122024

Highlighted filing

2016

Revenue$1,654,413
Expenses$2,358,549
Net Income-$704,136
Jump To
Filing Snapshot
Filing Period
Jan 1, 2016 to Dec 31, 2016
Signed
Sep 27, 2017
Return Version
2016v3.0
Gross Receipts
$1,864,938
Mission and Program Overview

Mission

The mission of reaching u is to promote initiatives and strengthen organizations that offer educational opportunities so that all uruguayans living in poverty can develop their full potential.

To promote initiatives and strengthen organizations that offer educational opportunities so that all uruguayans living in poverty can develop their full potential.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$2,094,616$1,370,508▼ $724,108
Accounts Receivable$118,500$90,480▼ $28,020
Prepaid Expenses and Deferred Charges-$26,264-
Savings and Temporary Cash Investments$25,714$25,720▲ $6
Other Notes and Loans Receivable, Net-$0-
Pledges and Grants Receivable-$0-
Receivable From Disqualified Prsn-$0-
Receivables From Officers Etc-$0-
Investments Other Securities-$0-
Investments Program Related-$0-
Investments in Publicly Traded Securities-$0-
Land, Buildings, and Equipment, Net-$0-
Intangible Assets-$0-
Inventories for Sale or Use-$0-
Total Assets$2,238,830$1,512,972▼ $725,858
Other Assets Total-$0-
Liabilities
Accounts Payable and Accrued Expenses$109,310$87,588▼ $21,722
Total Liabilities$109,310$87,588▼ $21,722
Net Assets / Fund Balance
Unrestricted Net Assets$1,248,290$1,246,616▼ $1,674
Temporarily Rstr Net Assets$881,230$178,768▼ $702,462
Total Net Assets Fund Balance$2,129,520$1,425,384▼ $704,136
Total Liabilities and Net Assets / Fund Balance$2,238,830$1,512,972▼ $725,858
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Fernanda GuliakExecutive DirectorFT$77,217$77,217

Board Members and Trustees

Revenue and Support

Revenue Composition

Contributions and Grants
$1,756,081
Program Service Revenue
$0
Investment Income
$6
Other Revenue
$-101,674
All Other Contributions
$942,958
Change in Net Assets
$-704,136

Noncash Contribution Practices

Property subject to holding requirements
No
Reviewed unusual noncash gifts
No
Third parties used for noncash contributions
No

Noncash Contributions

Contribution TypeContribution CountReported AmountValuation Method
Works of Art-$140,294Auction Value
Clothing and Household Goods-$14,860Auction Value
Other Non Cash Contri Table29$13,940Fair Market Value (FMV)
Other Non Cash Contri Table1$10,400Fair Market Value (FMV)
Food Inventory-$7,216Fair Market Value (FMV)
Other Non Cash Contri Table16$4,500Fair Market Value (FMV)
Total Noncash Contributions46$191,210-

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,654,413
Revenue Not Reported on Form 990
$266,215
Total Revenue per Audited Statements
$1,920,628
Total Revenue per Form 990
$1,654,413
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$2,112,932
Salaries, Compensation, and Employee Benefits$194,579
Total Fundraising Expense$65,529
Other Expenses$51,038
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Foreign Grants$2,112,932--$2,112,932
Current Officers, Directors, Trustees, and Key Employees$38,609$19,304$19,304$77,217
Other Salaries and Wages$30,423$15,213$15,213$60,849
Payroll Taxes$28,257$14,128$14,128$56,513
Fees for Services Accounting-$24,815-$24,815
Advertising--$8,817$8,817
Fees for Services Other-$1,945-$1,945
Travel-$1,423-$1,423
Conferences and Meetings--$344$344
Other Expenses$768$275$73$275
All Other Expenses-$211-$211
Office Expenses-$133-$133
Total Functional Expenses$2,210,989$82,031$65,529$2,358,549

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$2,624,764
Expenses per Audited Statements$2,358,549
Total Expenses per Form 990$2,358,549
Expenses Not Reported on Form 990$266,215
International Activity

International Summary

Offices
1
Employees
4
Spending
$2,348,583

International Compliance

Foreign grant records maintained
Yes
Activity in boycott countries
No
Foreign corporation ownership
No
Foreign partnership interest
No
Interest in foreign trust
No
Passive foreign investment company interest
No
Transfers to foreign corporations
No

International Activities

RegionActivityServicesOfficesEmployeesSpending
South AmericaSee Part VSalaries and Related Costs00$2,112,932
South AmericaProgram ServicesTravel Expenses14$194,579
South AmericaProgram Services-00$31,024
South AmericaFundraisingConsulting00$7,148
South AmericaProgram Services-00$1,477
South AmericaProgram ServicesBank Fees00$1,423
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$210,525
Fundraising Gross Income$104,247
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
New York$571,833$64,640$24,240$40,400
Montevideo$256,732$39,607$64,122$-24,515
Total Events$914,587$104,247$210,302$-106,055
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Receivables from Disqualified Persons-$0-
Receivables from Officers, Directors, Trustees, and Key Employees-$0-
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Line 11B: Form 990 Review Process

The organization's Form 990 is reviewed and approved at board meetings before the documents are filed with the IRS.

Form 990, Part VI, Line 12C: Explanation of Monitoring and Enforcement of Conflicts

Reaching U's conflicts of interest policy is set forth in its bylaws. Board members and officers are aware of our conflicts of interest policy and the board members are reminded of it annually at a board meeting. On matters up for approval by the board of directors or its executive committee, a conflicted board member is required to recuse himself/herself.

Form 990, Part VI, Line 15A: Compensation Review & Approval Process - CEO, Top Management

It is analyzed and approved by the board members during Board meetings.

Form 990, Part VI, Line 18: Explanation of Other Means Forms Available For Public Inspection

Reaching u's form 990 also available at www.guidestar.org.

Form 990, Part VI, Line 19: Other Organization Documents Publicly Available

THE ORGaNIZATION'S AUDITED FINANCIAL STATEMENTS AS WELL AS Governing documents are made available to the public UPON WRITTEN REQUEST.

Filing and Contact Details

Filer

Filer Name
Reaching U a Foundation for Uruguay
EIN
01-0599150
Phone
7862522428
Address
PO BOX 729, NEW YORK, NY 10108

Signing Officer

Name
Fernanda Guliak
Title
Executive Director
Signed
2017-09-27
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Fernanda Guliak
Formed
2001
Legal Domicile
Ny
Voting Board Members
18
Independent Board Members
18
Employees
3
Volunteers
90

Preparer

Firm
Gruber Palumberi Raffaele Fried CPAs PC
Address
7 Penn Plaza Suite 310, New York, NY 10001
Preparer
Robert L Manger CPA
Phone
2125860800
Supplemental Narrative

Financial Statement Notes

Part X : FIN48 Footnote

Reaching U has adopted Accounting Standards Codification 740 ("ASC 740") "Income Taxes." ASC 740 requires that a tax position be recognized or derecognized based on a "more likely than not" threshold. This applies to positions taken or expected to be taken in a tax return. The implementation of ASC 740 did not have an impact on the foundation's tax-exempt status or on its financial statements. Reaching U currently has procedures in place to ensure the maintenance of its tax-exempt status. These include identifying and reporting unrelated business income, determining and meeting its filing and tax obligations in jurisdictions in which it operates. The organization's management does not believe its financial statements include any uncertain tax positions.Reaching U's Forms 990, Return of Organization Exempt for Income Tax, for the years ended December 31, 2013, 2014, and 2015, are subject to examination by the IRS, generally for three years after they were filed.

Part XI, Line 2D: Other revenue amounts included in F/S but not included on form 990

Fundraising events direct expenses $210525

Part XII, Line 2D: Other expenses and losses per audited F/S

Fundraising events direct expenses $210525

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IRS990/Form990PartVIISectionAGrp/TitleTxt16Director
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Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.54$0.24$2.30$1.12$1.22$0.10
2023Detailed filing. Detailed filing data is available for this year.$2.76$0.37$2.39$1.18$1.62$0.43
2022Detailed filing. Detailed filing data is available for this year.$2.98$0.20$2.78$1.83$1.41$0.42
2021Detailed filing. Detailed filing data is available for this year.$2.49$0.12$2.36$1.91$1.00$0.92
2020Detailed filing. Detailed filing data is available for this year.$1.51$0.06$1.45$1.19$0.87$0.32
2019Detailed filing. Detailed filing data is available for this year.$1.16$0.03$1.13$0.74$0.78$0.04
2018Detailed filing. Detailed filing data is available for this year.$1.20$0.03$1.17$1.45$2.85$1.40
2017Detailed filing. Detailed filing data is available for this year.$2.67$0.01$2.66$4.53$3.30$1.23
2016Detailed filing. Detailed filing data is available for this year.$1.51$0.09$1.43$1.65$2.36$0.70
2015Detailed filing. Detailed filing data is available for this year.$2.24$0.11$2.13$1.52$4.36$2.84
2014Detailed filing. Detailed filing data is available for this year.$5.08$0.12$4.97$5.35$1.08$4.27
2013Detailed filing. Detailed filing data is available for this year.$0.74$0.04$0.69$0.62$0.48$0.14
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.58$0.03$0.55$0.44
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.42$0.05$0.37$0.37
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.40$0.00$0.40$0.27