Civic Intelligence

Reach Memphis

990 • Fiscal year 2017 • EIN 26-0501434

Oct 01, 2016 to Sep 30, 2017 • Filed on Jan 22, 2018

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

43rd percentile

0.02x

Higher debt load relative to assets than 43% of similar nonprofits.

2017 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2017

Liabilities / Revenue

42nd percentile

0.02x

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

2017 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2017

Net Margin

23rd percentile

-7.4%

Higher net margin than 23% of similar nonprofits.

2017 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2017

Top Officer Pay

84th percentile

$85,000

Higher top officer pay than 84% of similar nonprofits.

Top officer pay equals 11.5% of source-year revenue.

2017 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2017

Asset Growth

21st percentile

-5.8%

Faster asset growth than 21% of similar nonprofits.

2017 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2016 to 2017

Revenue Growth

8th percentile

-34%

Faster revenue growth than 8% of similar nonprofits.

2017 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2016 to 2017

Assets

Down

$704,309

Down $43,206 (-5.8%) from 2016

Net Assets

Down

$691,631

Down $54,243 (-7.3%) from 2016

Liabilities

Up

$12,678

Up $11,037 (+673%) from 2016

Revenue

Down

$737,723

Down $374,493 (-34%) from 2016

Expenses

Up

$791,966

Up $71,091 (+9.9%) from 2016

Net Income

Down

-$54,243

Down $445,584 (-114%) from 2016

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

2017

Assets$704,309
Liabilities$12,678
Net Assets$691,631

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

2017

Revenue$737,723
Expenses$791,966
Net Income-$54,243
Jump To
Filing Snapshot
Filing Period
Oct 1, 2016 to Sep 30, 2017
Signed
Jan 22, 2018
Return Version
2016v3.1
Gross Receipts
$737,723
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.

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$485,675$468,682▼ $16,993
Investments in Publicly Traded Securities$211,411$231,367▲ $19,956
Prepaid Expenses and Deferred Charges$8,423$2,300▼ $6,123
Accounts Receivable$41,500$1,000▼ $40,500
Land, Buildings, and Equipment, Net$506$960▲ $454
Total Assets$747,515$704,309▼ $43,206
Liabilities
Accounts Payable and Accrued Expenses$1,641$12,678▲ $11,037
Total Liabilities$1,641$12,678▲ $11,037
Net Assets / Fund Balance
Unrestricted Net Assets$745,874$691,631▼ $54,243
Total Net Assets Fund Balance$745,874$691,631▼ $54,243
Total Liabilities and Net Assets / Fund Balance$747,515$704,309▼ $43,206

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$960$1,929-
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Margaret RyanExecutive DiFT$85,000$85,000

Board Members and Trustees

NameTitle
Warren MilnorBoard Chair
Will PerryVice Chair
Andrew BaileyBoard Member
Candace TateBoard Member
Dorcas Young GriffinBoard Member
Jackie MayoBoard Member
Jed DreifusBoard Member
Kevin WoodsBoard Member
Lisa WebbBoard Member
Mike MatthewsBoard Member
Shelly CarrBoard Member
Ed VaughnBoard Past C
Mac CoffieldSecretary
Amit ParikhTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$716,336
Program Service Revenue
$0
Investment Income
$21,387
Other Revenue
$0
All Other Contributions
$716,336
Change in Net Assets
$-54,243

Audited Revenue Reconciliation

Revenue per Audited Statements
$737,723
Total Revenue per Audited Statements
$737,723
Total Revenue per Form 990
$737,723
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$411,192
Other Expenses$380,774
Total Fundraising Expense$33,883
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$231,969$50,483$15,336$297,788
Current Officers, Directors, Trustees, and Key Employees$68,000$8,500$8,500$85,000
All Other Expenses$20,125$15,962$896$36,983
Other Expenses$35,084$7,585$2,688$35,084
Occupancy$20,592$6,503$1,806$28,901
Payroll Taxes$22,258$4,377$1,769$28,404
Advertising$13,388$8,096$2,387$23,871
Fees for Services Accounting-$9,400-$9,400
Insurance$5,657$1,333$446$7,436
Office Expenses$394$307$55$756
Total Functional Expenses$645,537$112,546$33,883$791,966

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$791,966
Total Expenses per Audited Statements$791,966
Total Expenses per Form 990$791,966
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
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
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, Page 6, Part VI, Line 11B

The form 990 is distributed to the board of directors and filing is approved at the regular meeting of the board.

Form 990, Page 6, Part VI, 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
9012780808
Signed
2018-01-22

Organization Details

Principal Officer
Margaret Ryan
Formed
2006
Legal Domicile
Tn
Voting Board Members
15
Independent Board Members
14
Employees
17
Volunteers
200

Preparer

Firm
Delbrocco & Associates Pllc
Address
4735 SPOTTSWOOD SUITE 201, MEMPHIS, TN 38117
Preparer
Peter F Voehringer
Phone
9016819272
Supplemental Narrative

Additional Explanations

FORM 990 - ORGANIZATION'S 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.

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IRS990/OtherExpensesGrp/ProgramServicesAmt335084
IRS990/OtherExpensesGrp/TotalAmt0106304
IRS990/OtherExpensesGrp/TotalAmt171218
IRS990/OtherExpensesGrp/TotalAmt260821
IRS990/OtherExpensesGrp/TotalAmt335084
IRS990/OtherSalariesAndWagesGrp/FundraisingAmt015336
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt050483
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt0231969
IRS990/OtherSalariesAndWagesGrp/TotalAmt0297788
IRS990/OwnWebsiteInd0X
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IRS990/PayrollTaxesGrp/FundraisingAmt01769
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt04377
IRS990/PayrollTaxesGrp/ProgramServicesAmt022258
IRS990/PayrollTaxesGrp/TotalAmt028404
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IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt08423
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt02300
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IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt01082937
IRS990/PYExcessBenefitTransInd0false
IRS990/PYInvestmentIncomeAmt02961
IRS990/PYOtherExpensesAmt0409788
IRS990/PYProgramServiceRevenueAmt026318
IRS990/PYRevenuesLessExpensesAmt0391341
IRS990/PYSalariesCompEmpBnftPaidAmt0311087
IRS990/PYTotalExpensesAmt0720875
IRS990/PYTotalRevenueAmt01112216
IRS990/ReconcilationRevenueExpnssAmt0-54243
IRS990/RegularMonitoringEnfrcInd0false
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0false
IRS990/ReportProgramRelatedInvstInd0false
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0485675
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0468682
IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt0OTHER INCOME 28,643
IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc0PART II, LINE 10
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt0716336
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt01082937
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt0659262
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt0427017
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt0262306
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt03147858
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt021387
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt02961
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt0-4115
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt0390
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt0370
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt020993
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus1YearAmt026318
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus2YearsAmt02325
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IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt01082937
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IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt0262306
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt03147858
IRS990ScheduleA/TotalSupportAmt03197494
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IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
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IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
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IRS990ScheduleD/EquipmentGrp/BookValueAmt0960
IRS990ScheduleD/EquipmentGrp/DepreciationAmt01929
IRS990ScheduleD/EquipmentGrp/InvestmentCostOrOtherBasisAmt02889
IRS990ScheduleD/ExpensesSubtotalAmt0791966
IRS990ScheduleD/RevenueSubtotalAmt0737723
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0960
IRS990ScheduleD/TotalExpensesPerForm990Amt0791966
IRS990ScheduleD/TotalRevenuePerForm990Amt0737723
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0737723
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0791966
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IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0MEMPHIS 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.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE FORM 990 IS DISTRIBUTED TO THE BOARD OF DIRECTORS AND FILING IS APPROVED AT THE REGULAR MEETING OF THE BOARD.
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 - ORGANIZATION'S MISSION
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 19
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IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
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IRS990/TotalAssetsEOYAmt0704309
IRS990/TotalAssetsGrp/BOYAmt0747515
IRS990/TotalAssetsGrp/EOYAmt0704309
IRS990/TotalCompGreaterThan150KInd0false
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IRS990/TotalEmployeeCnt017
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IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0112546
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0645537
IRS990/TotalFunctionalExpensesGrp/TotalAmt0791966
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt01641
IRS990/TotalLiabilitiesEOYAmt012678
IRS990/TotalLiabilitiesGrp/BOYAmt01641
IRS990/TotalLiabilitiesGrp/EOYAmt012678
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0745874
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0691631
IRS990/TotalProgramServiceExpensesAmt0645537
IRS990/TotalReportableCompFromOrgAmt085000
IRS990/TotalRevenueGrp/ExclusionAmt021387
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0737723
IRS990/TotalVolunteersCnt0200
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0747515
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0704309
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UnrestrictedNetAssetsGrp/BOYAmt0745874
IRS990/UnrestrictedNetAssetsGrp/EOYAmt0691631
IRS990/UponRequestInd0X
IRS990/VotingMembersGoverningBodyCnt015
IRS990/VotingMembersIndependentCnt014
IRS990/WebsiteAddressTxt0WWW.REACHMEM.COM
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02018-03-14 21:41:22Z
ReturnHeader/BusinessOfficerGrp/PersonNm0MARGARET RYAN
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0EXECUTIVE DIRECTOR
ReturnHeader/BusinessOfficerGrp/PhoneNum09012780808
ReturnHeader/BusinessOfficerGrp/SignatureDt02018-01-22
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0REACH MEMPHIS
ReturnHeader/Filer/BusinessNameControlTxt0REAC
ReturnHeader/Filer/EIN0260501434
ReturnHeader/Filer/PhoneNum09012780808
ReturnHeader/Filer/USAddress/AddressLine1Txt04646 POPLAR AVENUE SUITE 327
ReturnHeader/Filer/USAddress/CityNm0MEMPHIS

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