Civic Intelligence

Reach Memphis

990 • Fiscal year 2019 • EIN 26-0501434

Oct 01, 2018 to Sep 30, 2019 • Filed on Mar 30, 2020

Organization Profilewww.memphisprepprogram.org
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

32nd percentile

0.00x

Higher debt load relative to assets than 32% of similar nonprofits.

2019 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2019

Liabilities / Revenue

32nd percentile

0.00x

Higher debt load relative to revenue than 32% of similar nonprofits.

2019 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2019

Net Margin

19th percentile

-12%

Higher net margin than 19% of similar nonprofits.

2019 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2019

Top Officer Pay

84th percentile

$88,500

Higher top officer pay than 84% of similar nonprofits.

Top officer pay equals 18.0% of source-year revenue.

2019 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2019

Asset Growth

16th percentile

-9.7%

Faster asset growth than 16% of similar nonprofits.

2019 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2018 to 2019

Revenue Growth

9th percentile

-35%

Faster revenue growth than 9% of similar nonprofits.

2019 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2018 to 2019

Balance Sheet
Liabilities / Assets32nd percentile

Assets

Down

$665,865

Down $71,318 (-9.7%) from 2018

Net Assets

Down

$664,381

Down $64,901 (-8.9%) from 2018

Liabilities

Down

$1,484

Down $6,417 (-81%) from 2018

Revenue And Expenses
Liabilities / Revenue32nd percentileNet Margin19th percentile

Revenue

Down

$491,990

Down $261,846 (-35%) from 2018

Expenses

Down

$551,736

Down $164,449 (-23%) from 2018

Net Income

Down

-$59,746

Down $97,397 (-259%) from 2018

Historical Trend

Balance Sheet Trend

Asset Growth16th percentile

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

2019

Assets$665,865
Liabilities$1,484
Net Assets$664,381
Open 2019 Filing

Operations Trend

Revenue Growth9th percentile

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

2019

Revenue$491,990
Expenses$551,736
Net Income-$59,746
Open 2019 Filing
Jump To
Filing Snapshot
Filing Period
Oct 1, 2018 to Sep 30, 2019
Signed
Mar 30, 2020
Return Version
2018v3.1
Gross Receipts
$491,990
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
Savings and Temporary Cash Investments$493,913$396,535▼ $97,378
Investments in Publicly Traded Securities$239,869$266,187▲ $26,318
Land, Buildings, and Equipment, Net$601$843▲ $242
Accounts Receivable$500--
Total Assets$737,183$665,865▼ $71,318
Other Assets Total$2,300$2,300→ $0
Liabilities
Accounts Payable and Accrued Expenses$7,901$1,484▼ $6,417
Total Liabilities$7,901$1,484▼ $6,417
Net Assets / Fund Balance
Unrestricted Net Assets$729,282$664,381▼ $64,901
Total Net Assets Fund Balance$729,282$664,381▼ $64,901
Total Liabilities and Net Assets / Fund Balance$737,183$665,865▼ $71,318

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$843$2,516-
Compensation and Service Providers
Top Officer Pay84th percentile

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
Lane MotenBoard Member
Lisa WebbSecretary
Amit ParikhTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$432,648
Program Service Revenue
$49,000
Investment Income
$10,342
Other Revenue
$0
All Other Contributions
$432,648
Change in Net Assets
$-59,746

Audited Revenue Reconciliation

Revenue per Audited Statements
$491,990
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$-5,155
Total Revenue per Audited Statements
$486,835
Total Revenue per Form 990
$491,990
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$332,920
Other Expenses$218,816
Total Fundraising Expense$24,105
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$187,945$21,262$11,554$220,761
Current Officers, Directors, Trustees, and Key Employees$70,800$8,850$8,850$88,500
Occupancy$22,077$7,359-$29,436
Payroll Taxes$19,794$2,304$1,561$23,659
Other Expenses$19,250$2,994-$19,250
Fees for Services Accounting$7,206$7,194-$14,400
All Other Expenses$8,547$2,034$765$11,346
Advertising$6,231$1,859$750$8,840
Insurance$4,655$1,278-$5,933
Office Expenses$1,091$1,963$550$3,604
Depreciation Depletion$75$78$75$228
Total Functional Expenses$470,456$57,175$24,105$551,736

Audited Expense Reconciliation

Line ItemAmount
Expenses Not Reported on Financial Statements$0
Expenses Not Reported on Form 990$0
Expenses per Audited Statements$0
Total Expenses per Audited Statements$0
Total Expenses per 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
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
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, 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
2020-03-30
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Margaret Ryan
Formed
2006
Legal Domicile
Tn
Voting Board Members
12
Independent Board Members
11
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, Part XII, Line 2C:

“The Organization has not changed its process for oversight of the audit of the Organization's financial statements.”

Raw XML AppendixShowing 400 of 446 raw XML fields

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/PayrollTaxesGrp/ProgramServicesAmt019794
IRS990/PayrollTaxesGrp/TotalAmt023659
IRS990/PoliticalCampaignActyInd00
IRS990/PrincipalOfficerNm0Margaret Ryan
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0611710
IRS990/ProgramServiceRevenueGrp/BusinessCd1611710
IRS990/ProgramServiceRevenueGrp/Desc0Student reimbursements
IRS990/ProgramServiceRevenueGrp/Desc1Student workshops
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt027112
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt121888
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt027112
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt121888
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt0708240
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt09317
IRS990/PYOtherExpensesAmt0352219
IRS990/PYOtherRevenueAmt02455
IRS990/PYProgramServiceRevenueAmt033824
IRS990/PYRevenuesLessExpensesAmt037651
IRS990/PYSalariesCompEmpBnftPaidAmt0363966
IRS990/PYTotalExpensesAmt0716185
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt0753836
IRS990/QuidProQuoContributionsInd00
IRS990/ReconcilationRevenueExpnssAmt0-59746
IRS990/RegularMonitoringEnfrcInd00
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd00
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt049000
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0493913
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0396535
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt0432648
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt0708240
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt0716336
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt01082937
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt0659262
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt03599423
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt09317
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt04755
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt021387
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt02961
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt0-4115
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt034305
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.94620
IRS990ScheduleA/PublicSupportTotal170Amt03438061
IRS990ScheduleA/SubstantialContributorsTotAmt0161362
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt0432648
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt0708240
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt0716336
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt01082937
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt0659262
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt03599423
IRS990ScheduleA/TotalSupportAmt03633728
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/BookValueAmt0843
IRS990ScheduleD/EquipmentGrp/DepreciationAmt02516
IRS990ScheduleD/EquipmentGrp/InvestmentCostOrOtherBasisAmt03359
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt00
IRS990ScheduleD/NetUnrealizedGainsInvstAmt0-5155
IRS990ScheduleD/RevenueNotReportedAmt0-5155
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt0491990
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0843
IRS990ScheduleD/TotalExpensesPerForm990Amt00
IRS990ScheduleD/TotalRevenuePerForm990Amt0491990
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0486835
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt00
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/ExplanationTxt3The Organization has not changed its process for oversight of the audit of the Organization's financial statements.
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
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990, Part XII, Line 2c:
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/StatesWhereCopyOfReturnIsFldCd0TN
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TempOrPermanentEndowmentsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt0737183
IRS990/TotalAssetsEOYAmt0665865
IRS990/TotalAssetsGrp/BOYAmt0737183
IRS990/TotalAssetsGrp/EOYAmt0665865
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt0432648
IRS990/TotalEmployeeCnt017
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt024105
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt057175
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0470456
IRS990/TotalFunctionalExpensesGrp/TotalAmt0551736
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt07901
IRS990/TotalLiabilitiesEOYAmt01484
IRS990/TotalLiabilitiesGrp/BOYAmt07901
IRS990/TotalLiabilitiesGrp/EOYAmt01484
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0729282
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0664381
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt0470456
IRS990/TotalProgramServiceRevenueAmt049000
IRS990/TotalReportableCompFromOrgAmt088500
IRS990/TotalRevenueGrp/ExclusionAmt010342
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt049000
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0491990
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt0200
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0737183
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0665865
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UnrestrictedNetAssetsGrp/BOYAmt0729282

Document Assets

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Filings

Displayed year

2019 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$665,865
Liabilities
$1,484
Net assets
$664,381
Revenue
$491,990
Expenses
$551,736
Net income
-$59,746
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$0.96$0.01$0.95$0.30$0.51$0.21
2023Detailed filing. Detailed filing data is available for this year.$1.01$0.00$1.01$0.46$0.48$0.02
2022Detailed filing. Detailed filing data is available for this year.$1.00$0.00$1.00$0.32$0.51$0.19
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.38$0.00$1.38$0.50$0.48$0.02
2020Detailed filing. Detailed filing data is available for this year.$1.33$0.07$1.27$1.04$0.44$0.60
2019Detailed filing. Detailed filing data is available for this year.$0.67$0.00$0.66$0.49$0.55$0.06
2018Detailed filing. Detailed filing data is available for this year.$0.74$0.01$0.73$0.75$0.72$0.04
2017Detailed filing. Detailed filing data is available for this year.$0.70$0.01$0.69$0.74$0.79$0.05
2016Detailed filing. Detailed filing data is available for this year.$0.75$0.00$0.75$1.11$0.72$0.39
2015Detailed filing. Detailed filing data is available for this year.$0.51$0.16$0.35$0.69$0.60$0.09
2014Detailed filing. Detailed filing data is available for this year.$0.32$0.06$0.26$0.45$0.39$0.06
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.11$0.00$0.11$0.15$0.16$0.02