Civic Intelligence

Reach Memphis

990 • Fiscal year 2020 • EIN 26-0501434

Oct 01, 2019 to Sep 30, 2020 • Filed on Nov 10, 2020

4646 Poplar Avenue Suite 327Memphis, TN 38117

(901) 278-0808

Siviq Scores

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

Liabilities / Assets

40th percentile

0.05x

Higher debt load relative to assets than 40% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2020

Liabilities / Revenue

36th percentile

0.06x

Higher debt load relative to revenue than 36% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2020

Net Margin

92nd percentile

58%

Higher net margin than 92% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2020

Top Officer Pay

64th percentile

$88,500

Higher top officer pay than 64% of similar nonprofits.

Top officer pay equals 8.5% of source-year revenue.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2020

Asset Growth

93rd percentile

100%

Faster asset growth than 93% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2019 to 2020

Revenue Growth

93rd percentile

111%

Faster revenue growth than 93% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2019 to 2020

Assets

Up

$1,332,678

Up $666,813 (+100%) from 2019

Net Assets

Up

$1,267,300

Up $602,919 (+91%) from 2019

Liabilities

Up

$65,378

Up $63,894 (+4306%) from 2019

Revenue

Up

$1,040,196

Up $548,206 (+111%) from 2019

Expenses

Down

$437,277

Down $114,459 (-21%) from 2019

Net Income

Up

$602,919

Up $662,665 (+1109%) from 2019

Historical Trend

Balance Sheet Trend

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

$1.5M$1.0M$500K$0Assets 2010: $109,883Liabilities 2010: $1,960Net Assets 2010: $107,9232010Assets 2014: $321,429Liabilities 2014: $63,451Net Assets 2014: $257,9782014Assets 2015: $507,652Liabilities 2015: $160,550Net Assets 2015: $347,1022015Assets 2016: $747,515Liabilities 2016: $1,641Net Assets 2016: $745,8742016Assets 2017: $704,309Liabilities 2017: $12,678Net Assets 2017: $691,6312017Assets 2018: $737,183Liabilities 2018: $7,901Net Assets 2018: $729,2822018Assets 2019: $665,865Liabilities 2019: $1,484Net Assets 2019: $664,3812019Assets 2020: $1,332,678Liabilities 2020: $65,378Net Assets 2020: $1,267,3002020Assets 2021: $1,376,333Liabilities 2021: $1,021Net Assets 2021: $1,375,3122021Assets 2022: $1,000,467Liabilities 2022: $555Net Assets 2022: $999,9122022Assets 2023: $1,014,904Liabilities 2023: $3,992Net Assets 2023: $1,010,9122023Assets 2024: $962,321Liabilities 2024: $8,053Net Assets 2024: $954,2682024

Highlighted filing

2020

Assets$1,332,678
Liabilities$65,378
Net Assets$1,267,300

Operations Trend

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

$1.5M$1.0M$500K$0-$500KRevenue 2010: $146,558Expenses 2010: $161,679Net Income 2010: -$15,1212010Revenue 2014: $453,296Expenses 2014: $392,492Net Income 2014: $60,8042014Revenue 2015: $688,917Expenses 2015: $595,893Net Income 2015: $93,0242015Revenue 2016: $1,112,216Expenses 2016: $720,875Net Income 2016: $391,3412016Revenue 2017: $737,723Expenses 2017: $791,966Net Income 2017: -$54,2432017Revenue 2018: $753,836Expenses 2018: $716,185Net Income 2018: $37,6512018Revenue 2019: $491,990Expenses 2019: $551,736Net Income 2019: -$59,7462019Revenue 2020: $1,040,196Expenses 2020: $437,277Net Income 2020: $602,9192020Revenue 2021: $499,664Expenses 2021: $479,814Net Income 2021: $19,8502021Revenue 2022: $318,276Expenses 2022: $509,027Net Income 2022: -$190,7512022Revenue 2023: $464,175Expenses 2023: $484,040Net Income 2023: -$19,8652023Revenue 2024: $296,205Expenses 2024: $506,041Net Income 2024: -$209,8362024

Highlighted filing

2020

Revenue$1,040,196
Expenses$437,277
Net Income$602,919
Jump To
Filing Snapshot
Filing Period
Oct 1, 2019 to Sep 30, 2020
Signed
Nov 10, 2020
Return Version
2019v5.1
Gross Receipts
$1,040,196
Mission and Program Overview

Mission

Memphis prep program works with high achieving junior and senior high school students in the memphis city school system by coordinating their participation in summer academic/enrichment programs throughout the united states and by providing mentoring and college preparation workshops/activities to help students enroll in college.

REACH Memphis works with high achieving junior and senior high school students in the Memphis City School System by coordinating their participation in summer academic and enrichment programs throughout the United States by providing mentoring and college preparation workshops/activities to help students enroll in college.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$266,187$795,746▲ $529,559
Savings and Temporary Cash Investments$396,535$526,570▲ $130,035
Accounts Receivable-$6,121-
Prepaid Expenses and Deferred Charges-$1,352-
Land, Buildings, and Equipment, Net$843$589▼ $254
Total Assets$665,865$1,332,678▲ $666,813
Other Assets Total$2,300$2,300→ $0
Liabilities
Other Liabilities$0$64,526▲ $64,526
Accounts Payable and Accrued Expenses$1,484$852▼ $632
Total Liabilities$1,484$65,378▲ $63,894
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$664,381$1,267,300▲ $602,919
Total Net Assets Fund Balance$664,381$1,267,300▲ $602,919
Total Liabilities and Net Assets / Fund Balance$665,865$1,332,678▲ $666,813

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$589$2,770-
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Margaret RyanExecutive DirectorFT$88,500$88,500

Board Members and Trustees

NameTitle
Gadson William PerryBoard Chair
Warren MilnorBoard Past Chair
Andrew BaileyBoard Member
Ashley AdamsBoard Member
Candace TateBoard Member
Darryl WilliamsBoard Member
Dawn CampbellBoard Member
Ed VaughnBoard Member
Jennifer SneedBoard Member
Lane MotenBoard Member
Mitchell MoskovitzBoard Member
Lisa WebbSecretary
Amit ParikhTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$1,016,493
Program Service Revenue
$15,498
Investment Income
$8,205
Other Revenue
$0
All Other Contributions
$1,016,493
Change in Net Assets
$602,919

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,040,196
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$1,040,196
Total Revenue per Form 990
$1,040,196
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$331,080
Other Expenses$106,197
Total Fundraising Expense$34,361
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$186,402$21,096$11,554$219,052
Current Officers, Directors, Trustees, and Key Employees$70,800$8,850$8,850$88,500
Occupancy$23,841$4,361$2,947$31,149
Payroll Taxes$19,676$2,291$1,561$23,528
Fees for Services Accounting$9,156$1,979$3,000$14,135
Insurance$6,086$991-$7,077
Advertising$3,582$860$1,700$6,142
Office Expenses$3,221$614$550$4,385
Depreciation Depletion$84$86$84$254
Other Expenses$45$24$100$169
All Other Expenses$87--$87
Total Functional Expenses$359,531$43,385$34,361$437,277

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$437,277
Total Expenses per Audited Statements$437,277
Total Expenses per Form 990$437,277
Expenses Not Reported on Financial Statements$0
Expenses Not Reported on Form 990$0
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
PPP loan payable$64,526
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Business relationship with 35% controlled entity
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
No
Other officer compensation reviewed
No
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, Section B, line 11B

The Form 990 is prepared by an independent accounting firm and completed Form 990 is distributed to the Board of Directors and filing is subsequently approved at the regular meeting of the Board.

Form 990, Part VI, Section B, line 12

The Organization requires the officers, board of directors and key employees to annually review the conflict of interest policy and sign a statement if a conflict has arisen.

Form 990, Part VI, Section C, line 19

The Organization makes its governing documents, conflict of interest policy, and financial statements available to the public upon request.

Filing and Contact Details

Filer

Filer Name
REACH Memphis
EIN
26-0501434
Phone
9012780808
Address
4646 Poplar Avenue Suite 327, Memphis, TN 38117

Signing Officer

Name
Margaret Ryan
Title
Executive Director
Phone
9012991657
Signed
2020-11-10
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Margaret Ryan
Formed
2006
Legal Domicile
Tn
Voting Board Members
14
Independent Board Members
13
Employees
7
Volunteers
200

Preparer

Firm
DelBrocco & Associates PLLC
Address
4735 Spottswood Suite 201, Memphis, TN 38117
Preparer
Peter F Voehringer
Phone
9016819272
Supplemental Narrative

Financial Statement Notes

Form 990, Line 11E

PPP loan payable of $64,526

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This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990/OtherExpensesGrp/Desc2Communications
IRS990/OtherExpensesGrp/Desc3Postage and printing
IRS990/OtherExpensesGrp/FundraisingAmt03250
IRS990/OtherExpensesGrp/FundraisingAmt1765
IRS990/OtherExpensesGrp/FundraisingAmt2100
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt01652
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt1581
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt224
IRS990/OtherExpensesGrp/ProgramServicesAmt026850
IRS990/OtherExpensesGrp/ProgramServicesAmt16895
IRS990/OtherExpensesGrp/ProgramServicesAmt22806
IRS990/OtherExpensesGrp/ProgramServicesAmt345
IRS990/OtherExpensesGrp/TotalAmt026850
IRS990/OtherExpensesGrp/TotalAmt111797
IRS990/OtherExpensesGrp/TotalAmt24152
IRS990/OtherExpensesGrp/TotalAmt3169
IRS990/OtherLiabilitiesGrp/BOYAmt00
IRS990/OtherLiabilitiesGrp/EOYAmt064526
IRS990/OtherSalariesAndWagesGrp/FundraisingAmt011554
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt021096
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt0186402
IRS990/OtherSalariesAndWagesGrp/TotalAmt0219052
IRS990/OwnWebsiteInd0X
IRS990/PartialLiquidationInd00
IRS990/PayrollTaxesGrp/FundraisingAmt01561
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt02291
IRS990/PayrollTaxesGrp/ProgramServicesAmt019676
IRS990/PayrollTaxesGrp/TotalAmt023528
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt01352
IRS990/PrincipalOfficerNm0Margaret Ryan
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0523000
IRS990/ProgramServiceRevenueGrp/BusinessCd1611710
IRS990/ProgramServiceRevenueGrp/Desc0Other investment incom
IRS990/ProgramServiceRevenueGrp/Desc1Student reimbursements
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt014056
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt11442
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt014056
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt11442
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt0432648
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt010342
IRS990/PYOtherExpensesAmt0218816
IRS990/PYOtherRevenueAmt00
IRS990/PYProgramServiceRevenueAmt049000
IRS990/PYRevenuesLessExpensesAmt0-59746
IRS990/PYSalariesCompEmpBnftPaidAmt0332920
IRS990/PYTotalExpensesAmt0551736
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt0491990
IRS990/QuidProQuoContributionsInd00
IRS990/ReconcilationRevenueExpnssAmt0602919
IRS990/RegularMonitoringEnfrcInd00
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt015498
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0396535
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0526570
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt01017935
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt0432648
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt0708240
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt0716336
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt01082937
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt03958096
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt022261
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt09317
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt04755
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt021387
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt02961
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt060681
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.98490
IRS990ScheduleA/PublicSupportPY170Pct00.94620
IRS990ScheduleA/PublicSupportTotal170Amt03958096
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt01017935
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt0432648
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt0708240
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt0716336
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt01082937
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt03958096
IRS990ScheduleA/TotalSupportAmt04018777
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd01
IRS990ScheduleD/EquipmentGrp/BookValueAmt0589
IRS990ScheduleD/EquipmentGrp/DepreciationAmt02770
IRS990ScheduleD/EquipmentGrp/InvestmentCostOrOtherBasisAmt03359
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt0437277
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt064526
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0PPP loan payable
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt01040196
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0PPP loan payable of $64,526
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Line 11e
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0589
IRS990ScheduleD/TotalExpensesPerForm990Amt0437277
IRS990ScheduleD/TotalLiabilityAmt064526
IRS990ScheduleD/TotalRevenuePerForm990Amt01040196
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt01040196
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0437277
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0The Form 990 is prepared by an independent accounting firm and completed Form 990 is distributed to the Board of Directors and filing is subsequently approved at the regular meeting of the Board.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1The Organization requires the officers, board of directors and key employees to annually review the conflict of interest policy and sign a statement if a conflict has arisen.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2The Organization makes its governing documents, conflict of interest policy, and financial statements available to the public upon request.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Section B, line 11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Section B, line 12
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI, Section C, line 19
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/StatesWhereCopyOfReturnIsFldCd0TN
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt0665865
IRS990/TotalAssetsEOYAmt01332678
IRS990/TotalAssetsGrp/BOYAmt0665865
IRS990/TotalAssetsGrp/EOYAmt01332678
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt01016493
IRS990/TotalEmployeeCnt07
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt034361
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt043385
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0359531
IRS990/TotalFunctionalExpensesGrp/TotalAmt0437277

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