Reach Institute

“Reach institute has its form 990 prepared by an outside accounting firm and has established the following review process to ensure that the information reported is complete and accurate. When the form 990 has been prepared, reviewed by the board chairman, treasurer and ceo and deemed ready to be filed with the internal revenue service, it is electronically sent to the board members of the organization for any comments. Any comments are then grouped, summarized and provided to the outside accountants. Each issue is documented and addressed until the return is finalized and approved for filing.”

“The organization currently has in place a conflict of interest policy that applies to all directors, officers and committee members. Each director, officer and committee member must annually complete, sign and submit a statement certifying that they have received, read and understood the conflict of interest policy and agree to comply with it. The policy requires that all individuals disclose to the board any potential or actual conflicts that may exist. If a potential or actual conflict is disclosed at any time, the board will review the material facts and circumstances. If it is determined that a conflict does exist, the board will determine whether the transaction at issue may be obtained with reasonable efforts via a similarly or more advantageous transaction or arrangement that would not give rise to a conflict. The interested person must not participate in any vote or discussion on this matter and must leave the meeting while the determination of the conflict of interest is discussed and voted upon. The decision of any actual or potential conflict of interest is documented in the minutes of the board meeting.”

“The executive committee of the board of directors reviews available nonprofit compensation survey data for organizations of a similar size and form 990's of similar organization when determining the compensation for the chief executive officer (ceo). The executive committee uses this information to make a recommendation for the ceo's compensation to the full board of directors. Contemporaneous substantiation of these deliberations and decisions are documented in the minutes of the committee's meeting. The process was last undertaken in 2023.”

“The organization makes its form 990 available for public inspection as required under section 6104 of the internal revenue code. It is posted on new york state attorney general website, guidestar.org and other similar types of websites. In addition, the financial statements, conflict of interest policy, governing documents, and form 1023 are also available upon written request.”

“Peter jensen, m.d., the board chair, was paid $67,300 by the organization in 2024 for services rendered to the organization not in the capacity of the board.”

“The organization contracted with a professional employer organization (peo), trinet hr corporation, for services, including but not limited to, payroll, timekeeping, employee benefits, hr administration and workforce regulatory compliance needs. As the employer of record for tax purposes, forms w-2 and w-3 are issued by the peo and filed under the peo's federal ein. In this co-employment arrangement, the organization is the common law employer and, accordingly, compensation is reported on form 990, part vii, section a and part ix, lines 5-10.”

“Trainers and consultants' fees: program service expenses 651,221. Management and general expenses 0. Fundraising expenses 0. Total expenses 651,221. Contracted services: program service expenses 168,495. Management and general expenses 0. Fundraising expenses 0. Total expenses 168,495. Payroll service fees: program service expenses 10,606. Management and general expenses 2,652. Fundraising expenses 0. Total expenses 13,258.”

“The organization has a committee that assumes responsibility for oversight of the audit of its financial statements and selection of an independent accountant. This process did not change from the prior year.”