Civic Intelligence

Reach Education Fund

990 • Fiscal year 2019 • EIN 47-1937331

Jan 01, 2019 to Dec 31, 2019 • Filed on Oct 29, 2020

Organization ProfileREACHEDUCATIONFUND.COM
11408 S Harlem AveWorth, IL 60482

(409) 365-4995

Siviq Scores

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

Liabilities / Assets

100th percentile

15.25x

Higher debt load relative to assets than 100% of similar nonprofits.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2019

Liabilities / Revenue

78th percentile

0.47x

Higher debt load relative to revenue than 78% of similar nonprofits.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2019

Net Margin

71st percentile

14%

Higher net margin than 71% of similar nonprofits.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2019

Top Officer Pay

51st percentile

$64,855

Higher top officer pay than 51% of similar nonprofits.

Top officer pay equals 5.2% of source-year revenue.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2019

Asset Growth

3rd percentile

-32%

Faster asset growth than 3% of similar nonprofits.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2018 to 2019

Revenue Growth

93rd percentile

102%

Faster revenue growth than 93% of similar nonprofits.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2018 to 2019

Balance Sheet
Liabilities / Assets100th percentile

Assets

Down

$38,155

Down $17,986 (-32%) from 2018

Net Assets

Down

-$543,845

Down $507,281 (-1387%) from 2018

Liabilities

Up

$582,000

Up $489,295 (+528%) from 2018

Revenue And Expenses
Liabilities / Revenue78th percentileNet Margin71st percentile

Revenue

Up

$1,248,759

Up $630,237 (+102%) from 2018

Expenses

Up

$1,070,240

Up $516,004 (+93%) from 2018

Net Income

Up

$178,519

Up $114,233 (+178%) from 2018

Historical Trend

Balance Sheet Trend

Asset Growth3rd percentile

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

$1.5M$1.0M$500K$0-$500K-$1.0MAssets 2015: $13,923Liabilities 2015: $3,148Net Assets 2015: $10,7752015Assets 2016: $2,742Liabilities 2016: $82,319Net Assets 2016: -$79,5772016Assets 2017: $21,321Liabilities 2017: $122,171Net Assets 2017: -$100,8502017Assets 2018: $56,141Liabilities 2018: $92,705Net Assets 2018: -$36,5642018Assets 2019: $38,155Liabilities 2019: $582,000Net Assets 2019: -$543,8452019Assets 2020: $52,659Liabilities 2020: $731,900Net Assets 2020: -$679,2412020Assets 2021: $259,997Liabilities 2021: $861,900Net Assets 2021: -$601,9032021Assets 2022: $411,472Liabilities 2022: $499,900Net Assets 2022: -$88,4282022Assets 2023: $639,790Liabilities 2023: $471,170Net Assets 2023: $168,6202023Assets 2024: $1,004,036Liabilities 2024: $480,110Net Assets 2024: $523,9262024

Highlighted filing

2019

Assets$38,155
Liabilities$582,000
Net Assets-$543,845
Open 2019 Filing

Operations Trend

Revenue Growth93rd percentile

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

$4.0M$2.0M$0-$2.0MRevenue 2015: $176,467Expenses 2015: $168,110Net Income 2015: $8,3572015Revenue 2016: $242,645Expenses 2016: $332,997Net Income 2016: -$90,3522016Revenue 2017: $262,275Expenses 2017: $286,697Net Income 2017: -$24,4222017Revenue 2018: $618,522Expenses 2018: $554,236Net Income 2018: $64,2862018Revenue 2019: $1,248,759Expenses 2019: $1,070,240Net Income 2019: $178,5192019Revenue 2020: $534,185Expenses 2020: $918,858Net Income 2020: -$384,6732020Revenue 2021: $1,150,969Expenses 2021: $1,073,631Net Income 2021: $77,3382021Revenue 2022: $2,066,926Expenses 2022: $1,553,451Net Income 2022: $513,4752022Revenue 2023: $1,876,133Expenses 2023: $1,619,085Net Income 2023: $257,0482023Revenue 2024: $3,734,161Expenses 2024: $3,369,915Net Income 2024: $364,2462024

Highlighted filing

2019

Revenue$1,248,759
Expenses$1,070,240
Net Income$178,519
Open 2019 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2019 to Dec 31, 2019
Signed
Oct 29, 2020
Return Version
2019v5.0
Gross Receipts
$1,248,759
Mission and Program Overview

Mission

To provide college scholarships to needy students

To provide college scholarships

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$18,153$24,472▲ $6,319
Cash and Non-Interest-Bearing Accounts$37,987$13,683▼ $24,304
Savings and Temporary Cash Investments-$0-
Accounts Receivable-$0-
Other Notes and Loans Receivable, Net-$0-
Pledges and Grants Receivable-$0-
Receivable From Disqualified Prsn-$0-
Receivables From Officers Etc-$0-
Investments Other Securities-$0-
Investments Program Related-$0-
Investments in Publicly Traded Securities-$0-
Intangible Assets-$0-
Inventories for Sale or Use-$0-
Prepaid Expenses and Deferred Charges-$0-
Total Assets$56,141$38,155▼ $17,986
Other Assets Total$1$0▼ $1
Liabilities
Other Liabilities$92,705$582,000▲ $489,295
Total Liabilities$92,705$582,000▲ $489,295
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$-36,564$-543,845▼ $507,281
Total Net Assets Fund Balance$-36,564$-543,845▼ $507,281
Total Liabilities and Net Assets / Fund Balance$56,141$38,155▼ $17,986

Asset Categories

AssetBook ValueDepreciationBasis
Leasehold Improvements$15,898$1,130$17,028
Equipment$4,879$746$5,625
Other Land Buildings$3,695$717$4,412
Compensation and Service Providers
Top Officer Pay51st percentile

Employees

NameTitleFull / Part TimeBaseTotal
Walid MizyedTreasurerFT$64,855$64,855

Board Members and Trustees

NameTitle
Dr Issam Abu-khaterChairman
Dr Emad NofalVice Chairman
Dr Lana Mmli AloshBoard Member
Khalid Hasan AliBoard Member
Dr Khalid KebbatiOutreach Director
Revenue and Support

Revenue Composition

Contributions and Grants
$1,248,759
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$0
All Other Contributions
$1,248,759
Change in Net Assets
$178,519
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$995,299
Salaries, Compensation, and Employee Benefits$74,941
Total Fundraising Expense$25,307
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Travel$90,260$1,227$6,565$98,052
All Other Expenses$71,288$8,153$12,526$91,967
Current Officers, Directors, Trustees, and Key Employees-$64,855-$64,855
Other Expenses$25,251-$2,413$27,664
Occupancy-$11,000-$11,000
Payroll Taxes-$10,086-$10,086
Conferences and Meetings$2,605--$2,605
Insurance$2,287--$2,287
Depreciation Depletion-$2,260-$2,260
Fees for Services Accounting-$1,291-$1,291
Fees for Services Legal-$980$57$1,037
Advertising--$310$310
Total Functional Expenses$945,081$99,852$25,307$1,070,240
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
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Receivables from Disqualified Persons-$0-
Receivables from Officers, Directors, Trustees, and Key Employees-$0-
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Loan From Walid Miyzed$417,000
Loan From Maher Mizyed$165,000
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Backup withholding compliance
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
No
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Line 11B: Form 990 Review Process

“Board members are provided with a draft of the return prior to filing.”

Form 990, Part VI, Line 19: Other Organization Documents Publicly Available

“No documents available to the public.”

Filing and Contact Details

Filer

Filer Name
Reach Education Fund
EIN
47-1937331
Phone
4093654995
Address
11408 S HARLEM AVE, WORTH, IL 60482

Signing Officer

Name
Walid Mizyed
Title
Treasurer
Signed
2020-10-29
Discuss with paid preparer
Yes

Organization Details

Formed
2014
Legal Domicile
La
Voting Board Members
6
Independent Board Members
0
Employees
1

Preparer

Firm
Mosher Seifert & Co CPAs
Address
4701 Preston, Pasadena, TX 77505-2050
Preparer
Kenneth J Seifert
Phone
2819911099
Supplemental Narrative

Additional Explanations

Prior Period Adjustment

“Upon review of the financial records performed by the new board of directors it was discovered that there were unreported loans in prior periods in the amount of $685,800. The board has confirmed that the loans outstanding as of december 31, 2109 is $582,000.”

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IRS990ScheduleA/InvestmentIncomeCYPct00.00000
IRS990ScheduleA/NetIncomeFromOtherUBIGrp/TotalAmt00
IRS990ScheduleA/OtherIncome509Grp/TotalAmt00
IRS990ScheduleA/Post1975UBTIGrp/TotalAmt00
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct01.00000
IRS990ScheduleA/PublicSupportTotal509Amt02539818
IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt00
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft509Grp/TotalAmt00
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt01248759
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt0618522
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt0263662
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt0232408
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt0176467
IRS990ScheduleA/Total509Grp/TotalAmt02539818
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt01248759
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt0618522
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt0263662
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt0232408
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt0176467
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt02539818
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/EquipmentGrp/BookValueAmt04879
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0746
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt05625
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt015898
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt01130
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt017028
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt03695
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt0717
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt04412
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt0165000
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt1417000
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0LOAN FROM MAHER MIZYED
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1LOAN FROM WALID MIYZED
IRS990ScheduleD/TotalBookValueLandBuildingsAmt024472
IRS990ScheduleD/TotalLiabilityAmt0582000
IRS990/ScheduleJRequiredInd0false
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BalanceDueAmt0417000
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BalanceDueAmt1165000
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BoardOrCommitteeApprovalInd0true
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BoardOrCommitteeApprovalInd1true
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/DefaultInd0false
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/DefaultInd1false
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanPurposeTxt0TO COVER EXPENSES
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanPurposeTxt1COVER EXP
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanToOrganizationInd0X
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanToOrganizationInd1X
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/OriginalPrincipalAmt0417000
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/OriginalPrincipalAmt1165000
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/PersonNm0WALID MIYZED
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/PersonNm1MAHER MIZYED
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/RelationshipWithOrgTxt0OFFICER
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/WrittenAgreementInd0false
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/WrittenAgreementInd1false
IRS990ScheduleL/TotalBalanceDueAmt0582000
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0BOARD MEMBERS ARE PROVIDED WITH A DRAFT OF THE RETURN PRIOR TO FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1No documents available to the public.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2UPON REVIEW OF THE FINANCIAL RECORDS PERFORMED BY THE NEW BOARD OF DIRECTORS IT WAS DISCOVERED THAT THERE WERE UNREPORTED LOANS IN PRIOR PERIODS IN THE AMOUNT OF $685,800. THE BOARD HAS CONFIRMED THAT THE LOANS OUTSTANDING AS OF DECEMBER 31, 2109 IS $582,000.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Line 11b: Form 990 Review Process
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Line 19: Other Organization Documents Publicly Available
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2PRIOR PERIOD ADJUSTMENT
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt056141
IRS990/TotalAssetsEOYAmt038155
IRS990/TotalAssetsGrp/BOYAmt056141
IRS990/TotalAssetsGrp/EOYAmt038155
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt01248759
IRS990/TotalEmployeeCnt01
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt025307
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt099852
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0945081
IRS990/TotalFunctionalExpensesGrp/TotalAmt01070240
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt092705
IRS990/TotalLiabilitiesEOYAmt0582000
IRS990/TotalLiabilitiesGrp/BOYAmt092705
IRS990/TotalLiabilitiesGrp/EOYAmt0582000
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0-36564
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0-543845
IRS990/TotalProgramServiceExpensesAmt0945081
IRS990/TotalProgramServiceRevenueAmt00
IRS990/TotalReportableCompFromOrgAmt064855
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt01248759
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt056141
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt038155
IRS990/TravelGrp/FundraisingAmt06565
IRS990/TravelGrp/ManagementAndGeneralAmt01227
IRS990/TravelGrp/ProgramServicesAmt090260
IRS990/TravelGrp/TotalAmt098052
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt011408 S HARLEM AVE
IRS990/USAddress/CityNm0WORTH
IRS990/USAddress/StateAbbreviationCd0IL
IRS990/USAddress/ZIPCd0604822004
IRS990/VotingMembersGoverningBodyCnt06
IRS990/VotingMembersIndependentCnt00
IRS990/WebsiteAddressTxt0REACHEDUCATIONFUND.COM
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02021-01-29 14:40:06Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0WALID MIZYED
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0Treasurer
ReturnHeader/BusinessOfficerGrp/SignatureDt02020-10-29
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0REACH EDUCATION FUND
ReturnHeader/Filer/BusinessNameControlTxt0REAC
ReturnHeader/Filer/EIN0471937331
ReturnHeader/Filer/PhoneNum04093654995
ReturnHeader/Filer/USAddress/AddressLine1Txt011408 S HARLEM AVE
ReturnHeader/Filer/USAddress/CityNm0WORTH
ReturnHeader/Filer/USAddress/StateAbbreviationCd0IL
ReturnHeader/Filer/USAddress/ZIPCd060482
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0741810249

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

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

Open filing
Assets
$38,155
Liabilities
$582,000
Net assets
-$543,845
Revenue
$1,248,759
Expenses
$1,070,240
Net income
$178,519
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$1.00$0.48$0.52$3.73$3.37$0.36
2023Detailed filing. Detailed filing data is available for this year.$0.64$0.47$0.17$1.88$1.62$0.26
2022Detailed filing. Detailed filing data is available for this year.$0.41$0.50$0.09$2.07$1.55$0.51
2021Detailed filing. Detailed filing data is available for this year.$0.26$0.86$0.60$1.15$1.07$0.08
2020Detailed filing. Detailed filing data is available for this year.$0.05$0.73$0.68$0.53$0.92$0.38
2019Detailed filing. Detailed filing data is available for this year.$0.04$0.58$0.54$1.25$1.07$0.18
2018Detailed filing. Detailed filing data is available for this year.$0.06$0.09$0.04$0.62$0.55$0.06
2017Detailed filing. Detailed filing data is available for this year.$0.02$0.12$0.10$0.26$0.29$0.02
2016Detailed filing. Detailed filing data is available for this year.$0.00$0.08$0.08$0.24$0.33$0.09
2015Detailed filing. Detailed filing data is available for this year.$0.01$0.00$0.01$0.18$0.17$0.01