Reach For Resources Inc
- Assets
- $1.6m
- Revenue
- $3.1m
- Investments
- $0.0
- Employees
- 88
- Location
- Minnetonka, MN
- Founding
- 01/1986
- Data as of
- 12/2021
- EIN
- 41-1519855
Organization Overview
Reach For Resources Inc is located in Minnetonka, MN. The organization was established in 1986. According to its NTEE Classification (J30) the organization is classified as: Vocational Rehabilitation, under the broad grouping of Employment and related organizations. As of 12/2021, Reach For Resources Inc employed 88 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Reach For Resources 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 12/2021, Reach For Resources Inc generated $3.1m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 8.5% each year. All expenses for the organization totaled $2.7m during the year ending 12/2021. While expenses have increased by 6.1% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
EMPOWERING PEOPLE OF ALL-ABILITIES TO REACH THEIR FULL POTENTIAL.
Describe the Organization's Program Activity:
Part 3 - Line 4a
COMMUNITY LIVING SUPPORTS - SUPPORTED 215 ADULTS THROUGH EMPLOYMENT, HOUSING, AND INDEPENDENT LIVING.
MENTAL HEALTH SERVICES - PROVIDED COUNSELING, PARENTAL EDUCATION, AND SUPPORT FOR INDIVIDUALS AND FAMILIES WHO DEAL WITH MENTAL HEALTH CONDITIONS. THE NUMBER OF INDIVDIUALS SUPPORTED WAS 188.
ADAPTIVE RECREATION -OFFERED A VARIETY OF ADAPTIVE PROGRAMS AND ACTIVITIES WHICH PROMOTE PHYSICAL AND MENTAL HEALTH AND WELL BEING. THE NUMBER OF INDIVIDUALS SUPPORTED WAS 376.
WAIVER CASE MANAGEMENT: PROVIDES PERSONALIZED SUPPORTS TOINDIVIDUALS LOOKING TO COORDINATE THEIR SERVICES THROUGH WAIVER FUNDING.THE NUMBER OF INDIVIDUALS SUPPORTED WAS 391.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kate Bottiger Executive Director | Officer | 40 | $85,917 |
Roseann Lent Business/finance Manager | Officer | 40 | $62,181 |
David Erickson Board Chair | OfficerTrustee | 4 | $0 |
Patrick Boley Board Vice Chair | OfficerTrustee | 2 | $0 |
Anna Hulstein Treasurer | OfficerTrustee | 2 | $0 |
Ellen Bittner Secretary | OfficerTrustee | 3 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $127,442 |
| Related organizations | $0 |
| Government grants | $426,200 |
| All other contributions, gifts, grants, and similar amounts not included above | $139,639 |
| Noncash contributions included in lines 1a–1f | $71,574 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $693,281 |
| Total Program Service Revenue | $2,485,395 |
| Investment income | $23,701 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $48 |
| Net Income from Fundraising Events | -$78,188 |
| Net Income from Gaming Activities | $16,182 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,141,742 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $156,151 |
| Compensation of current officers, directors, key employees. | $82,665 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,781,615 |
| Pension plan accruals and contributions | $23,352 |
| Other employee benefits | $187,103 |
| Payroll taxes | $148,070 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $13,861 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $5,628 |
| Fees for services: Other | $93,691 |
| Advertising and promotion | $1,451 |
| Office expenses | $64,742 |
| Information technology | $20,944 |
| Royalties | $0 |
| Occupancy | $110,901 |
| Travel | $30,916 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $13,764 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $3,647 |
| Insurance | $16,599 |
| All other expenses | $0 |
| Total functional expenses | $2,710,363 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $799,742 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $274,027 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $17,431 |
| Net Land, buildings, and equipment | $8,835 |
| Investments—publicly traded securities | $543,472 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,643,507 |
| Accounts payable and accrued expenses | $258,508 |
| Grants payable | $0 |
| Deferred revenue | $14,918 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $7,570 |
| Total liabilities | $280,996 |
| Net assets without donor restrictions | $1,362,511 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $1,643,507 |
Grants Recieved
Over the last fiscal year, we have identified 7 grants that Reach For Resources Inc has recieved totaling $47,004.
| Awarding Organization | Amount |
|---|---|
Otto Bremer Trust St Paul, MN PURPOSE: HOUSING, EMPLOYMENT, & SELF-SUFFICIENCY | $30,000 |
American Online Giving Foundation Inc Newark, DE PURPOSE: GENERAL SUPPORT | $6,201 |
Bieber Family Foundation Eden Prairie, MN PURPOSE: SUPPORT OF CHARITABLE ACTIVITIES | $5,000 |
Womack Family Foundation Plymouth, MN PURPOSE: CONTINING OPERATIONS | $4,000 |
Hampe Family Foundation Galesville, WI PURPOSE: PROGRAM NEEDS | $1,500 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $251 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
First Resources Corp Sigourney, IA | $9,340,910 | $15,811,214 |
Cedar Valley Services Inc Austin, MN | $19,653,627 | $16,645,958 |
Christian Opportunity Center Pella, IA | $13,962,431 | $13,502,776 |
Huron Area Center For Independence Huron, SD | $13,427,991 | $15,192,103 |
Progress Industries Newton, IA | $5,056,933 | $12,560,187 |
Opportunities Inc Of Jefferson County Fort Atkinson, WI | $79,445,205 | $15,358,946 |
Proact Inc Eagan, MN | $22,369,538 | $14,695,525 |
Opportunity Development Centers Inc Wisconsin Rapids, WI | $10,220,285 | $10,954,753 |
Merrick Inc Vadnais Heights, MN | $10,586,883 | $11,695,877 |
Aspire Inc Aberdeen, SD | $9,447,713 | $8,030,066 |
Northern Hills Training Spearfish, SD | $10,166,360 | $9,462,308 |
Societys Assets Incorporated Racine, WI | $11,118,310 | $8,553,625 |