Civic Intelligence

Reach Academy

990 • Fiscal year 2015 • EIN 46-5340112

Jul 01, 2014 to Jun 30, 2015 • Filed on Jan 29, 2016

2125 University Park DriveOkemos, MI 48864

(517) 203-3716

Siviq Scores

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

Liabilities / Assets

84th percentile

0.68x

Higher debt load relative to assets than 84% of similar nonprofits.

2015 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2015

Liabilities / Revenue

50th percentile

0.11x

Higher debt load relative to revenue than 50% of similar nonprofits.

2015 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2015

Net Margin

57th percentile

5.1%

Higher net margin than 57% of similar nonprofits.

2015 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2015

Top Officer Pay

35th percentile

$0

Higher top officer pay than 35% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2015 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2015

Asset Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2015

Revenue Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2015

Assets

$382,195

No earlier filing loaded for comparison.

Net Assets

$123,097

No earlier filing loaded for comparison.

Liabilities

$259,098

No earlier filing loaded for comparison.

Revenue

$2,403,159

No earlier filing loaded for comparison.

Expenses

$2,280,062

No earlier filing loaded for comparison.

Net Income

$123,097

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

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

$4.0M$2.0M$0-$2.0MAssets 2015: $382,195Liabilities 2015: $259,098Net Assets 2015: $123,0972015Assets 2016: $655,020Liabilities 2016: $2,360,296Net Assets 2016: -$1,705,2762016Assets 2017: $1,165,087Liabilities 2017: $2,970,761Net Assets 2017: -$1,805,6742017Assets 2018: $1,396,986Liabilities 2018: $2,834,091Net Assets 2018: -$1,437,1052018Assets 2019: $1,146,231Liabilities 2019: $2,704,386Net Assets 2019: -$1,558,1552019Assets 2020: $0Liabilities 2020: $0Net Assets 2020: $02020

Highlighted filing

2015

Assets$382,195
Liabilities$259,098
Net Assets$123,097

Operations Trend

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

$6.0M$4.0M$2.0M$0-$2.0MRevenue 2015: $2,403,159Expenses 2015: $2,280,062Net Income 2015: $123,0972015Revenue 2016: $2,487,740Expenses 2016: $4,324,930Net Income 2016: -$1,837,1902016Revenue 2017: $2,578,736Expenses 2017: $2,679,134Net Income 2017: -$100,3982017Revenue 2018: $2,775,293Expenses 2018: $2,727,889Net Income 2018: $47,4042018Revenue 2019: $2,230,307Expenses 2019: $2,351,357Net Income 2019: -$121,0502019Revenue 2020: $178,775Expenses 2020: $63,138Net Income 2020: $115,6372020

Highlighted filing

2015

Revenue$2,403,159
Expenses$2,280,062
Net Income$123,097
Jump To
Filing Snapshot
Filing Period
Jul 1, 2014 to Jun 30, 2015
Signed
Jan 29, 2016
Return Version
2014v6.0
Gross Receipts
$2,403,159
Mission and Program Overview

Mission

At reach academy, learning isour highest priority and all students can learn. Students achieve their fullest potential through effective instruction, high standards and expectations, and learning personal responsibility and accountability for their actions. We believe that our school, families, and community are partners in education and share the collective responsibility of educating today's youth for tomorrow's challenges.

At reach academy, learning is our highest priority and all students can learn. Students achieve their fullest potential through effective instruction, high standards and expectations, and learning personal responsibility and accountability for their actions. We believe that our school, families, and community are partners in education and share the collective responsibility of educating today's youth for tomorrow's challenges.

Balance Sheet Detail
LineBeginningEndChange
Assets
Pledges and Grants Receivable$0$157,197▲ $157,197
Rtn Earn Endowment Incm Other Fnds$0$123,097▲ $123,097
Cash and Non-Interest-Bearing Accounts$0$48,998▲ $48,998
Land, Buildings, and Equipment, Net$0$33,941▲ $33,941
Prepaid Expenses and Deferred Charges$0$24,452▲ $24,452
Pd in Cap Srpls Land Bldg Eqp Fund$0$0→ $0
Cap Stk Tr Prin Current Funds$0$0→ $0
Total Assets$0$382,195▲ $382,195
Other Assets Total$0$117,607▲ $117,607
Liabilities
Accounts Payable and Accrued Expenses$0$259,098▲ $259,098
Total Liabilities$0$259,098▲ $259,098
Net Assets / Fund Balance
Total Net Assets Fund Balance$0$123,097▲ $123,097
Total Liabilities and Net Assets / Fund Balance$0$382,195▲ $382,195

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$21,509$4,222$25,731
Leasehold Improvements$12,432$1,631$14,063
Other Assets Org$117,607--
Compensation and Service Providers

Board Members and Trustees

NameTitle
Charles AllenPresident
Marjorie CurryVice-president
Rachel RodriguezMember
Crystal HarrisSecretary
Ed BlakenshipTreasurer

Highest Paid Contractors

ContractorServicesLocationCompensation
The Leona Ohio Employment GroupStaffing Services2125 UNIVERSITY PARK DR, Okemos, MI 48864$1,055,552
The Leona GroupManagement Services2125 UNIVERSITY PARK DR, Okemos, MI 48864$293,390
Trinity Transportation GroupTransportation4624 13TH ST, Wyandotte, MI 48192$185,990
Epiphany Of The Lord ParishBuilding Rent729 WHITE ST, Toledo, OH 43605$175,858
Preferred Meal System INCFood Service8152 SOLUTIONS CTR, Chicago, IL 60677-8001$136,112
Revenue and Support

Revenue Composition

Contributions and Grants
$2,403,032
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$127
All Other Contributions
$9,356
Change in Net Assets
$123,097

Audited Revenue Reconciliation

Revenue per Audited Statements
$2,403,159
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$2,403,159
Total Revenue per Form 990
$2,403,159
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$2,280,062
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Fees for Services Management-$294,121-$294,121
Occupancy$250,443--$250,443
Travel$186,227--$186,227
Other Expenses$138,097--$138,097
Conferences and Meetings$113,257--$113,257
Office Expenses$32,737--$32,737
Information Technology$23,758--$23,758
Insurance$20,504--$20,504
Fees for Services Other$7,322--$7,322
Depreciation Depletion$5,853--$5,853
Advertising$4,274--$4,274
Interest$2,791--$2,791
Fees for Services Legal$2,000--$2,000
Total Functional Expenses$1,985,941$294,121$0$2,280,062

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$2,280,062
Total Expenses per Audited Statements$2,280,062
Total Expenses per Form 990$2,280,062
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
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
No
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
Yes

Governance Explanations

Form 990, Part VI, Section A, Line 3

The leona group manages the academy's operations.

Form 990, Part VI, Section B, Line 11

The fiscal officer reviews.

Form 990, Part VI, Section B, Line 12C

Statement of assurances is filed every year for board members. If a conflict of interest arose that director would not participate in the vote.

Form 990, Part VI, Section C, Line 19

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

Filing and Contact Details

Filer

Filer Name
Reach Academy
EIN
46-5340112
Phone
5172033716
Address
2125 UNIVERSITY PARK DRIVE, OKEMOS, MI 48864

Signing Officer

Name
Don Ash
Title
Fiscal Officer
Phone
5172033716
Signed
2016-01-29
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Mr Charles Allen
Formed
2014
Legal Domicile
Oh
Voting Board Members
5
Independent Board Members
5
Employees
0
Volunteers
0

Preparer

Firm
Plante & Moran Pllc
Address
1111 MICHIGAN AVE, EAST LANSING, MI 48823
Preparer
Michelle M Goss CPA
Phone
5173326200
Supplemental Narrative

Additional Explanations

Form 990, Part IV, Line 12

Unaudited financial statements have been sent to the state of ohio. The state of ohio will be completing an audit on the financial statements. As of the return filing date, financial statements that are audited under accounting principles generally accepted in the united states of america are unavailable.

Raw XML Appendix395 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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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/BookValueAmt021509
IRS990ScheduleD/EquipmentGrp/DepreciationAmt04222
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt025731
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt02280062
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt012432
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt01631
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt014063
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt0117607
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0DEFERRED OUTFLOWS
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt02403159
IRS990ScheduleD/TotalBookValueLandBuildingsAmt033941
IRS990ScheduleD/TotalBookValueOtherAssetsAmt0117607
IRS990ScheduleD/TotalExpensesPerForm990Amt02280062
IRS990ScheduleD/TotalRevenuePerForm990Amt02403159
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt02403159
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt02280062
IRS990ScheduleE/ComplianceWithRevProc7550Ind01
IRS990ScheduleE/DiscriminateRaceAdmissPlcyInd00
IRS990ScheduleE/DiscriminateRaceAthltProgInd00
IRS990ScheduleE/DiscriminateRaceEducPlcyInd00
IRS990ScheduleE/DiscriminateRaceEmplmFcultyInd00
IRS990ScheduleE/DiscriminateRaceOtherActyInd00
IRS990ScheduleE/DiscriminateRaceSchsInd00
IRS990ScheduleE/DiscriminateRaceStdntsRghtsInd00
IRS990ScheduleE/DiscriminateRaceUseOfFcltsInd00
IRS990ScheduleE/GovernmentFinancialAidRcvdInd01
IRS990ScheduleE/GovernmentFinancialAidRvkdInd00
IRS990ScheduleE/MaintainCpyOfAllSolInd00
IRS990ScheduleE/MaintainCpyOfBrochuresEtcInd01
IRS990ScheduleE/MaintainRacialCompRecsInd01
IRS990ScheduleE/MaintainScholarshipsRecsInd01
IRS990ScheduleE/NondiscriminatoryPolicyStmtInd01
IRS990ScheduleE/PlcyPblczdViaBroadcastMediaInd01
IRS990ScheduleE/PolicyStmtInBrochuresEtcInd01
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt0WHEN ADVERTISEMENTS ARE PLACED IN LOCAL NEWSPAPERS OR THROUGH BROADCAST MEDIA TO SOLICIT NEW STUDENTS, IT IS STATED THAT THE ACADEMY DOES NOT DISCRIMINATE IN ANY WAY.
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt1THE ACADEMY DOES NOT SOLICIT CONTRIBUTIONS.
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt2RECEIVED: $130,284 IN FEDERAL SCHOOL NUTRITION REIMBURSEMENT, $1,990,230 IN STATE FOUNDATION BASIC ALLOWANCE, $40,538 IN OTHER UNRESTRICTED STATE GRANTS, $105,355 IN STATE RESTRICTED POVERTY-BASED GRANTS, $45,892 IN FEDERAL RESTRICTED SPECIAL EDUCATION GRANTS, $73,835 IN FEDERAL RESTRICTED TITLE GRANTS, AND $7,542 IN MEDICAID GRANT FUNDING
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE E, PART I, LINE 3
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc1SCHEDULE E, PART I, LINE 4
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc2SCHEDULE E, PART I, LINE 6
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE LEONA GROUP MANAGES THE ACADEMY'S OPERATIONS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE FISCAL OFFICER REVIEWS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2STATEMENT OF ASSURANCES IS FILED EVERY YEAR FOR BOARD MEMBERS. IF A CONFLICT OF INTEREST AROSE THAT DIRECTOR WOULD NOT PARTICIPATE IN THE VOTE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICTS OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4UNAUDITED FINANCIAL STATEMENTS HAVE BEEN SENT TO THE STATE OF OHIO. THE STATE OF OHIO WILL BE COMPLETING AN AUDIT ON THE FINANCIAL STATEMENTS. AS OF THE RETURN FILING DATE, FINANCIAL STATEMENTS THAT ARE AUDITED UNDER ACCOUNTING PRINCIPLES GENERALLY ACCEPTED IN THE UNITED STATES OF AMERICA ARE UNAVAILABLE.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION A, LINE 3
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 11
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART IV, LINE 12
IRS990/SchoolOperatingInd01
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/SubjectToProxyTaxInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TempOrPermanentEndowmentsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsEOYAmt0382195
IRS990/TotalAssetsGrp/BOYAmt00
IRS990/TotalAssetsGrp/EOYAmt0382195
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt02403032
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0294121
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt01985941
IRS990/TotalFunctionalExpensesGrp/TotalAmt02280062
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesEOYAmt0259098
IRS990/TotalLiabilitiesGrp/BOYAmt00
IRS990/TotalLiabilitiesGrp/EOYAmt0259098
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt00
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0123097
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt01985941
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt0127
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt00
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt02403159
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt00
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt00
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0382195
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TravelGrp/ProgramServicesAmt0186227
IRS990/TravelGrp/TotalAmt0186227
IRS990/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt02125 UNIVERSITY PARK DRIVE
IRS990/USAddress/CityNm0OKEMOS
IRS990/USAddress/StateAbbreviationCd0MI
IRS990/USAddress/ZIPCd048864
IRS990/VotingMembersGoverningBodyCnt05
IRS990/VotingMembersIndependentCnt05
IRS990/WebsiteAddressTxt0WWW.LEONAGROUP.COM
IRS990/WhistleblowerPolicyInd00
ReturnHeader/BuildTS02016-04-25 22:37:26Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0DON ASH
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0FISCAL OFFICER
ReturnHeader/BusinessOfficerGrp/PhoneNum05172033716
ReturnHeader/BusinessOfficerGrp/SignatureDt02016-01-29
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0REACH ACADEMY
ReturnHeader/Filer/BusinessNameControlTxt0REAC
ReturnHeader/Filer/EIN0465340112
ReturnHeader/Filer/PhoneNum05172033716
ReturnHeader/Filer/USAddress/AddressLine1Txt02125 UNIVERSITY PARK DRIVE
ReturnHeader/Filer/USAddress/CityNm0OKEMOS
ReturnHeader/Filer/USAddress/StateAbbreviationCd0MI
ReturnHeader/Filer/USAddress/ZIPCd048864
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0381357951
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0PLANTE & MORAN PLLC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt01111 MICHIGAN AVE
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0EAST LANSING
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0MI
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd048823
ReturnHeader/PreparerPersonGrp/PhoneNum05173326200
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0MICHELLE M GOSS CPA
ReturnHeader/ReturnTs02016-02-01T14:17:38-06:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02014-07-01
ReturnHeader/TaxPeriodEndDt02015-06-30
ReturnHeader/TaxYr02014

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