Reach Prep Inc

Organization Overview

Reach Prep Inc is located in Stamford, CT. The organization was established in 1996. According to its NTEE Classification (B99) the organization is classified as: Education N.E.C., under the broad grouping of Education and related organizations. As of 06/2021, Reach Prep Inc employed 22 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Reach Prep Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.

For the year ending 06/2021, Reach Prep Inc generated $1.6m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (3.9%) each year. All expenses for the organization totaled $2.0m during the year ending 06/2021. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

PROVIDE TRANSFORMATIVE EDUCATIONAL EXPERIENCES THAT EMPOWER UNDERSERVED STUDENTS

Describe the Organization's Program Activity:

Part 3 - Line 4a

MIDDLE, HIGH SCHOOL, AND COLLEGE PROGRAMS AND SERVICES (SEE SCHEDULE O):


ADMISSION AND PREP ACADEMY PROGRAM (SEE SCHEDULE O):


SUMMER OPPORTUNITIES (SEE SCHEDULE O):


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Board, Officers & Key Employees

Name (title)Compensation
Gina Lucas
Chief Executive Officer
$186,840
Lynn Sorensen
Director Of Education
$128,616
Rosa Ortiz
Deputy Director
$104,936
Paul L Triggiani
Chair
$0
Neil A Augustine
Vice Chair
$0
Stephen Toy
Treasurer
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$475,667
Related organizations$0
Government grants $221,100
All other contributions, gifts, grants, and similar amounts not included above$979,844
Noncash contributions included in lines 1a–1f $59,639
Total Revenue from Contributions, Gifts, Grants & Similar$1,676,611
Total Program Service Revenue$0
Investment income $32,827
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales -$133,728
Net Income from Fundraising Events $9,324
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $1,585,034

Grants Recieved

Over the last fiscal year, we have identified 2 grants that Reach Prep Inc has recieved totaling $35,000.

Awarding OrganizationAmount
Skk Foundation Inc

Atlanta, GA

PURPOSE: GENERAL OPERATING SUPPORT

$25,000
Niner Foundation Inc

Jackson, WY

PURPOSE: SUPPORT OF ORGANIZATION

$10,000
View Grant Recipient Profile

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