Civic Intelligence

Reach Education Fund

990 • Fiscal year 2022 • EIN 47-1937331

Jan 01, 2022 to Dec 31, 2022 • Filed on Nov 15, 2023

Organization Profilereacheducationfund.com
11408 S Harlem AvenueWorth, IL 60482

(409) 365-4995

Siviq Scores

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

Liabilities / Assets

96th percentile

1.21x

Higher debt load relative to assets than 96% of similar nonprofits.

2022 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2022

Liabilities / Revenue

69th percentile

0.24x

Higher debt load relative to revenue than 69% of similar nonprofits.

2022 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2022

Net Margin

75th percentile

25%

Higher net margin than 75% of similar nonprofits.

2022 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2022

Top Officer Pay

39th percentile

$0

Higher top officer pay than 39% of similar nonprofits.

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

2022 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2022

Asset Growth

90th percentile

58%

Faster asset growth than 90% of similar nonprofits.

2022 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2021 to 2022

Revenue Growth

88th percentile

80%

Faster revenue growth than 88% of similar nonprofits.

2022 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2021 to 2022

Balance Sheet
Liabilities / Assets96th percentile

Assets

Up

$411,472

Up $151,475 (+58%) from 2021

Net Assets

Up

-$88,428

Up $513,475 (+85%) from 2021

Liabilities

Down

$499,900

Down $362,000 (-42%) from 2021

Revenue And Expenses
Liabilities / Revenue69th percentileNet Margin75th percentile

Revenue

Up

$2,066,926

Up $915,957 (+80%) from 2021

Expenses

Up

$1,553,451

Up $479,820 (+45%) from 2021

Net Income

Up

$513,475

Up $436,137 (+564%) from 2021

Historical Trend

Balance Sheet Trend

Asset Growth90th 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

2022

Assets$411,472
Liabilities$499,900
Net Assets-$88,428
Open 2022 Filing

Operations Trend

Revenue Growth88th 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

2022

Revenue$2,066,926
Expenses$1,553,451
Net Income$513,475
Open 2022 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2022 to Dec 31, 2022
Signed
Nov 15, 2023
Return Version
2022v5.0
Gross Receipts
$2,066,926
Mission and Program Overview

Mission

To provide college scholarships to needy students

To provide college scholarships

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$242,505$395,949▲ $153,444
Loans From Officers Directors$362,000--
Land, Buildings, and Equipment, Net$17,492$15,523▼ $1,969
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$259,997$411,472▲ $151,475
Other Assets Total-$0-
Liabilities
Unsecured Notes Loans Payable$499,900$499,900→ $0
Total Liabilities$861,900$499,900▼ $362,000
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$-601,903$-88,428▲ $513,475
Total Net Assets Fund Balance$-601,903$-88,428▲ $513,475
Total Liabilities and Net Assets / Fund Balance$259,997$411,472▲ $151,475

Asset Categories

AssetBook ValueDepreciationBasis
Leasehold Improvements$13,855$3,173$17,028
Equipment-$5,625$5,625
Other Land Buildings$1,668$2,744$4,412
Compensation and Service Providers
Top Officer Pay39th percentile

Board Members and Trustees

NameTitle
Ayyad YassinChairman
Ibrahim MansourDirector
Maher ArekatDirector
Yousef EtabelDirector
Walid MizyedExecutive Director
Jamal AyyadSecretary
Mohamad HamedTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$2,066,926
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$0
All Other Contributions
$2,066,926
Change in Net Assets
$513,475
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$703,725
Grants and Similar Amounts Paid$589,914
Total Fundraising Expense$374,338
Salaries, Compensation, and Employee Benefits$259,812
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Foreign Grants$589,914--$589,914
Current Officers, Directors, Trustees, and Key Employees$211,813--$211,813
Advertising$33,945-$33,945$67,890
Other Salaries and Wages-$32,170-$32,170
Occupancy-$23,936-$23,936
Payroll Taxes$15,829--$15,829
Office Expenses$6,317$211$492$7,020
All Other Expenses-$5,186-$5,186
Other Expenses$254,114$2,829$13,539$2,829
Depreciation Depletion-$1,969-$1,969
Fees for Services Legal$880-$220$1,100
Total Functional Expenses$1,112,812$66,301$374,338$1,553,451
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
Loans from Officers, Directors, Trustees, and Key Employees$362,000--
Receivables from Disqualified Persons-$0-
Receivables from Officers, Directors, Trustees, and Key Employees-$0-
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Backup withholding compliance
No
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, Section B, Line 11B

“No review was or will be conducted.”

Form 990, Part VI, Section C, Line 19

“No documents available to the public.”

Part VI, Line 11B

“Before filing the tax return, all board members shoud have received the tax return, and agree to the content, and the responsible officer signs the return or the electronic filing declaration.”

Part VI, Line 7A

“Two thirds of the organizational trustees are required to appoint, release, hire and fire any of the board or trustee members.”

Filing and Contact Details

Filer

Filer Name
Reach Education Fund
EIN
47-1937331
Phone
4093654995
Address
11408 S Harlem Avenue, Worth, IL 60482

Signing Officer

Name
Walid Mizyed
Title
Executive Director
Signed
2023-11-15
Discuss with paid preparer
Yes

Organization Details

Formed
2014
Legal Domicile
Il
Voting Board Members
6
Independent Board Members
6
Employees
1
Volunteers
5

Preparer

Firm
Adducci Vega Financial Group LLC
Address
7808 WEST COLLEGE DRIVE STE 3W, PALOS HEIGHTS, IL 60463
Preparer
Jennifer Vega
Phone
7085943838
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IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt00
IRS990ScheduleA/GrossReceiptsNonUnrltBusGrp/TotalAmt00
IRS990ScheduleA/InvestmentIncomeCYPct00.00000
IRS990ScheduleA/NetIncomeFromOtherUBIGrp/TotalAmt00
IRS990ScheduleA/OtherIncome509Grp/TotalAmt00
IRS990ScheduleA/Post1975UBTIGrp/TotalAmt00
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct00.00000
IRS990ScheduleA/PublicSupportTotal509Amt04088569
IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt00
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft509Grp/TotalAmt00
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt02066926
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt01500969
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt0520674
IRS990ScheduleA/Total509Grp/TotalAmt04088569
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt02066926
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt01500969
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt0520674
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt04088569
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/EquipmentGrp/DepreciationAmt05625
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt05625
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt013855
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt03173
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt017028
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt01668
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt02744
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt04412
IRS990ScheduleD/TotalBookValueLandBuildingsAmt015523
IRS990/ScheduleJRequiredInd0false
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BoardOrCommitteeApprovalInd0true
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BoardOrCommitteeApprovalInd1true
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/DefaultInd0false
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/DefaultInd1false
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanPurposeTxt0Expenses
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanPurposeTxt1Expenses
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/RelationshipWithOrgTxt1Supporter
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/WrittenAgreementInd0true
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/WrittenAgreementInd1true
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0No review was or will be conducted.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1No documents available to the public.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2Before filing the tax return, all board members shoud have received the tax return, and agree to the content, and the responsible officer signs the return or the electronic filing declaration.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3Two thirds of the organizational trustees are required to appoint, release, hire and fire any of the board or trustee members.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Section B, Line 11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Section C, Line 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Part VI, Line 11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Part VI, Line 7a
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt0259997
IRS990/TotalAssetsEOYAmt0411472
IRS990/TotalAssetsGrp/BOYAmt0259997
IRS990/TotalAssetsGrp/EOYAmt0411472
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt02066926
IRS990/TotalEmployeeCnt01
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt0374338
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt066301
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt01112812
IRS990/TotalFunctionalExpensesGrp/TotalAmt01553451
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt0861900
IRS990/TotalLiabilitiesEOYAmt0499900
IRS990/TotalLiabilitiesGrp/BOYAmt0861900
IRS990/TotalLiabilitiesGrp/EOYAmt0499900
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0-601903
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0-88428
IRS990/TotalProgramServiceExpensesAmt01112812
IRS990/TotalProgramServiceRevenueAmt00
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt02066926
IRS990/TotalVolunteersCnt05
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0259997
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0411472
IRS990/TravelGrp/TotalAmt00
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UnsecuredNotesLoansPayableGrp/BOYAmt0499900
IRS990/UnsecuredNotesLoansPayableGrp/EOYAmt0499900
IRS990/USAddress/AddressLine1Txt011408 S Harlem Avenue
IRS990/USAddress/CityNm0Worth
IRS990/USAddress/StateAbbreviationCd0IL
IRS990/USAddress/ZIPCd060482
IRS990/VotingMembersGoverningBodyCnt06
IRS990/VotingMembersIndependentCnt06
IRS990/WebsiteAddressTxt0reacheducationfund.com
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/AuthenticationAssuranceLevelCd0AAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/FederatedAssuranceLevelCd0FAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/IdentityAssuranceLevelCd0IAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/TrustedCustomerCd02
ReturnHeader/BuildTS02023-04-26 12:10:37Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0Walid Mizyed
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0Executive Director
ReturnHeader/BusinessOfficerGrp/SignatureDt02023-11-15
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0Reach Education Fund
ReturnHeader/Filer/BusinessNameControlTxt0REAC
ReturnHeader/Filer/EIN0471937331
ReturnHeader/Filer/PhoneNum04093654995
ReturnHeader/Filer/USAddress/AddressLine1Txt011408 S Harlem Avenue
ReturnHeader/Filer/USAddress/CityNm0Worth
ReturnHeader/Filer/USAddress/StateAbbreviationCd0IL
ReturnHeader/Filer/USAddress/ZIPCd060482
ReturnHeader/IRSResponsiblePrtyInfoCurrInd0true
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0203717843
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0ADDUCCI VEGA FINANCIAL GROUP LLC

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2022 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$411,472
Liabilities
$499,900
Net assets
-$88,428
Revenue
$2,066,926
Expenses
$1,553,451
Net income
$513,475
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