Civic Intelligence

Reach Foundation Inc (Reach Enriches All Children)

990EZ • Fiscal year 2017 • EIN 54-1918686

Jul 01, 2016 to Jun 30, 2017 • Filed on Nov 09, 2017

1302 Jefferson StreetChesapeake, VA 23324

(757) 627-4722

Siviq Scores

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

Liabilities / Assets

73rd percentile

0.06x

Higher debt load relative to assets than 73% of similar nonprofits.

2017 filings • 501(c)3 • <$500k nonprofits • Source year 2017

Liabilities / Revenue

73rd percentile

0.03x

Higher debt load relative to revenue than 73% of similar nonprofits.

2017 filings • 501(c)3 • <$500k nonprofits • Source year 2017

Net Margin

38th percentile

-1.1%

Higher net margin than 38% of similar nonprofits.

2017 filings • 501(c)3 • <$500k nonprofits • Source year 2017

Top Officer Pay

90th percentile

$40,800

Higher top officer pay than 90% of similar nonprofits.

Top officer pay equals 20.5% of source-year revenue.

2017 filings • 501(c)3 • <$500k nonprofits • Source year 2017

Asset Growth

47th percentile

0.3%

Faster asset growth than 47% of similar nonprofits.

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

Revenue Growth

62nd percentile

9.4%

Faster revenue growth than 62% of similar nonprofits.

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

Assets

Up

$111,442

Up $335 (+0.3%) from 2016

Net Assets

Down

$105,192

Down $2,165 (-2.0%) from 2016

Liabilities

Up

$6,250

Up $2,500 (+67%) from 2016

Revenue

Up

$198,828

Up $17,019 (+9.4%) from 2016

Expenses

Up

$200,993

Up $45,244 (+29%) from 2016

Net Income

Down

-$2,165

Down $28,225 (-108%) from 2016

Historical Trend

Balance Sheet Trend

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

$3.0M$2.0M$1.0M$0-$1.0MAssets 2010: $47,721Liabilities 2010: $7,658Net Assets 2010: $40,0632010Assets 2011: $62,642Liabilities 2011: $7,985Net Assets 2011: $54,6572011Assets 2012: $69,166Liabilities 2012: $6,022Net Assets 2012: $63,1442012Assets 2013: $70,178Liabilities 2013: $6,715Net Assets 2013: $63,4632013Assets 2014: $54,349Liabilities 2014: $3,006Net Assets 2014: $51,3432014Assets 2015: $90,547Liabilities 2015: $9,250Net Assets 2015: $81,2972015Assets 2016: $111,107Liabilities 2016: $3,750Net Assets 2016: $107,3572016Assets 2017: $111,442Liabilities 2017: $6,250Net Assets 2017: $105,1922017Assets 2018: $198,817Liabilities 2018: $0Net Assets 2018: $198,8172018Assets 2019: $287,506Liabilities 2019: $245,093Net Assets 2019: $42,4132019Assets 2020: $385,517Liabilities 2020: $379,600Net Assets 2020: $5,9172020Assets 2021: $511,783Liabilities 2021: $496,025Net Assets 2021: $15,7582021Assets 2022: $1,550,873Liabilities 2022: $1,586,491Net Assets 2022: -$35,6182022Assets 2023: $2,017,316Liabilities 2023: $1,978,394Net Assets 2023: $38,9222023Assets 2024: $1,887,149Liabilities 2024: $1,890,668Net Assets 2024: -$3,5192024

Highlighted filing

2017

Assets$111,442
Liabilities$6,250
Net Assets$105,192

Operations Trend

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

$3.0M$2.0M$1.0M$0-$1.0MRevenue 2010: $124,224Expenses 2010: $148,121Net Income 2010: -$23,8972010Revenue 2011: $156,377Expenses 2011: $141,784Net Income 2011: $14,5932011Revenue 2012: $171,064Expenses 2012: $162,577Net Income 2012: $8,4872012Revenue 2013: $151,915Expenses 2013: $151,596Net Income 2013: $3192013Revenue 2014: $132,661Expenses 2014: $144,781Net Income 2014: -$12,1202014Revenue 2015: $171,906Expenses 2015: $141,951Net Income 2015: $29,9552015Revenue 2016: $181,809Expenses 2016: $155,749Net Income 2016: $26,0602016Revenue 2017: $198,828Expenses 2017: $200,993Net Income 2017: -$2,1652017Revenue 2018: $320,742Expenses 2018: $227,117Net Income 2018: $93,6252018Revenue 2019: $478,762Expenses 2019: $498,730Net Income 2019: -$19,9682019Revenue 2020: $456,143Expenses 2020: $492,639Net Income 2020: -$36,4962020Revenue 2021: $670,333Expenses 2021: $660,492Net Income 2021: $9,8412021Revenue 2022: $1,867,848Expenses 2022: $1,919,224Net Income 2022: -$51,3762022Revenue 2023: $1,409,025Expenses 2023: $1,334,485Net Income 2023: $74,5402023Revenue 2024: $1,992,287Expenses 2024: $2,034,728Net Income 2024: -$42,4412024

Highlighted filing

2017

Revenue$198,828
Expenses$200,993
Net Income-$2,165
Jump To
Filing Snapshot
Filing Period
Jul 1, 2016 to Jun 30, 2017
Signed
Nov 9, 2017
Return Version
2016v3.0
Gross Receipts
$199,725
Mission and Program Overview

Mission

The mission of reach (reading enriches all children) is to support the literacy needs to at-risk and homeless children. Reach provides a read- aloud program and new books to children in homeless and domestic violence shelters.

Program Services

DescriptionGrantsExpenses
SHELTER READ-ALOUD: REACH PROVIDES VOLUNTEER READERS TO ELEVEN DIFFERENT HOMELESS SHELTERS AND PARTNER ORGANIZATIONS THROUGHOUT THE COMMUNITY WHO SHARE THEIR LOVE OF READING BY STORY-TELLING AND CRAFTING ACTIVITIES. EACH CHILD IN ATTENDANCE RECEIVES TWO NEW DEVELOPMENTALLY APPROPRIATE BOOKS EACH TIME THEY ATTEND A READ-ALOUD SESSION.-$187,577
GROWING READERS: REACH SUPPORTS THE LITERACY NEEDS OF AT-RISK CHILDREN AND YOUTH BY BRINGING QUALITY, LIGHTLY USED BOOKS TO CLASSROOMS AND OTHER COMMUNITY PROGRAMS WHERE CHILDREN NEED ACCESS TO BOOKS. ANYONE WHO WORKS WITH AT-RISK CHILDREN CAN RECEIVE GENTLY USED BOOKS FOR FREE TO GIVE AWAY THROUGHOUT THE YEAR FROM THE GROWING READERS PROGRAM.--
CHILDREN'S MUSEUM: EVERY CHILD WHO GOES TO THE CHILDREN'S MUSEUM RECEIVES A GENTLY USED BOOK TO TAKE HOME WITH THEM. REACH HAS GIVEN AWAY THOUSANDS OF BOOKS THROUGH THIS INITIATIVE.--
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
LORI MILLERFormer ExecFT$40,800-$40,800
KRISTIN COOPERVice Preside-$0--
HELEN HARTPresident-$0--
ELIZABETH UFKESSecretary-$0--
CHRIS LUEBBERSTreasurer-$0--
CHAS FERGUSONBoard Member-$0--
MAKIESA CRUSEBoard Member-$0--
JENNY GOFFExecutive DiFT$0--
Fundraising, Events, and Gaming

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Survivior Chall$7,990$7,990$586$7,404
Other Events$7,920$7,920$239$7,681
Total Events$15,910$15,910$825$15,085
Filing and Contact Details

Filer

Filer Name
Reach Foundation Inc
EIN
54-1918686
Address
1302 JEFFERSON STREET, CHESAPEAKE, VA 23324

Signing Officer

Name
Jenny Goff
Title
Executive Director
Signed
2017-11-09
Discuss with paid preparer
Yes

Preparer

Firm
Barnes Brock Cornwell & Painter Plc
Address
908 EDEN WAY N STE 201, CHESAPEAKE, VA 23320-2640
Preparer
Kimberly C Painter
Phone
7579615017
Supplemental Narrative

Additional Explanations

Form 990-ez, Part I, Line 16

Expenses office 1,141 travel 18 insurance 3,120 shelter program exense 99,548 fundraising expense 2,107 postage 29 taxes & licenses 231 non-investment depreciation 1,516 total 107,710

Form 990-ez, Part II, Line 24

Inventories for sale or use 68,957 59,294 furniture & equipment 13,661 17,111 less accumulated depreciation 10,582 11,042 deposit 500 0 total 72,536 65,363

Form 990-ez, Part II, Line 26

Deferred revenue 3,750 6,250

Form 990-ez, Part III

The mission of reach (reading enriches all children) is to support the literacy needs to at-risk and homeless children. Reach provides a read- aloud program and new books to children in homeless and domestic violence shelters.

Form 990-ez, Part III, Line 28

Shelter read-aloud: reach provides volunteer readers to eleven different homeless shelters and partner organizations throughout the community who share their love of reading by story-telling and crafting activities. Each child in attendance receives two new developmentally appropriate books each time they attend a read-aloud session.

Form 990-ez, Part III, Line 29

Growing readers: reach supports the literacy needs of at-risk children and youth by bringing quality, lightly used books to classrooms and other community programs where children need access to books. Anyone who works with at-risk children can receive gently used books for free to give away throughout the year from the growing readers program.

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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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IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt1GROWING READERS: REACH SUPPORTS THE LITERACY NEEDS OF AT-RISK CHILDREN AND YOUTH BY BRINGING QUALITY, LIGHTLY USED BOOKS TO CLASSROOMS AND OTHER COMMUNITY PROGRAMS WHERE CHILDREN NEED ACCESS TO BOOKS. ANYONE WHO WORKS WITH AT-RISK CHILDREN CAN RECEIVE GENTLY USED BOOKS FOR FREE TO GIVE AWAY THROUGHOUT THE YEAR FROM THE GROWING READERS PROGRAM.
IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt2CHILDREN'S MUSEUM: EVERY CHILD WHO GOES TO THE CHILDREN'S MUSEUM RECEIVES A GENTLY USED BOOK TO TAKE HOME WITH THEM. REACH HAS GIVEN AWAY THOUSANDS OF BOOKS THROUGH THIS INITIATIVE.
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1INVENTORIES FOR SALE OR USE 68,957 59,294 FURNITURE & EQUIPMENT 13,661 17,111 LESS ACCUMULATED DEPRECIATION 10,582 11,042 DEPOSIT 500 0 TOTAL 72,536 65,363
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2DEFERRED REVENUE 3,750 6,250
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE MISSION OF REACH (READING ENRICHES ALL CHILDREN) IS TO SUPPORT THE LITERACY NEEDS TO AT-RISK AND HOMELESS CHILDREN. REACH PROVIDES A READ- ALOUD PROGRAM AND NEW BOOKS TO CHILDREN IN HOMELESS AND DOMESTIC VIOLENCE SHELTERS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4SHELTER READ-ALOUD: REACH PROVIDES VOLUNTEER READERS TO ELEVEN DIFFERENT HOMELESS SHELTERS AND PARTNER ORGANIZATIONS THROUGHOUT THE COMMUNITY WHO SHARE THEIR LOVE OF READING BY STORY-TELLING AND CRAFTING ACTIVITIES. EACH CHILD IN ATTENDANCE RECEIVES TWO NEW DEVELOPMENTALLY APPROPRIATE BOOKS EACH TIME THEY ATTEND A READ-ALOUD SESSION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5GROWING READERS: REACH SUPPORTS THE LITERACY NEEDS OF AT-RISK CHILDREN AND YOUTH BY BRINGING QUALITY, LIGHTLY USED BOOKS TO CLASSROOMS AND OTHER COMMUNITY PROGRAMS WHERE CHILDREN NEED ACCESS TO BOOKS. ANYONE WHO WORKS WITH AT-RISK CHILDREN CAN RECEIVE GENTLY USED BOOKS FOR FREE TO GIVE AWAY THROUGHOUT THE YEAR FROM THE GROWING READERS PROGRAM.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990-EZ, PART I, LINE 16
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990-EZ, PART II, LINE 24
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990-EZ, PART II, LINE 26
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990-EZ, PART III
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990-EZ, PART III, LINE 28
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990-EZ, PART III, LINE 29
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ReturnHeader/ReturnTs02017-11-14T15:43:14-05:00
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ReturnHeader/TaxPeriodBeginDt02016-07-01
ReturnHeader/TaxPeriodEndDt02017-06-30
ReturnHeader/TaxYr02016

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$1.89$1.89$0.00$1.99$2.03$0.04
2023Detailed filing. Detailed filing data is available for this year.$2.02$1.98$0.04$1.41$1.33$0.07
2022Detailed filing. Detailed filing data is available for this year.$1.55$1.59$0.04$1.87$1.92$0.05
2021Detailed filing. Detailed filing data is available for this year.$0.51$0.50$0.02$0.67$0.66$0.01
2020Detailed filing. Detailed filing data is available for this year.$0.39$0.38$0.01$0.46$0.49$0.04
2019Detailed filing. Detailed filing data is available for this year.$0.29$0.25$0.04$0.48$0.50$0.02
2018Detailed filing. Detailed filing data is available for this year.$0.20$0.00$0.20$0.32$0.23$0.09
2017Detailed filing. Detailed filing data is available for this year.$0.11$0.01$0.11$0.20$0.20$0.00
2016Detailed filing. Detailed filing data is available for this year.$0.11$0.00$0.11$0.18$0.16$0.03
2015Detailed filing. Detailed filing data is available for this year.$0.09$0.01$0.08$0.17$0.14$0.03
2014Detailed filing. Detailed filing data is available for this year.$0.05$0.00$0.05$0.13$0.14$0.01
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.07$0.01$0.06$0.15$0.15$0.00
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.07$0.01$0.06$0.17$0.16$0.01
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.06$0.01$0.05$0.16$0.14$0.01
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.05$0.01$0.04$0.12$0.15$0.02