Reach Georgia Foundation Inc

Organization Overview

Reach Georgia Foundation Inc is located in Tucker, GA. The organization was established in 2015. According to its NTEE Classification (T12) the organization is classified as: Fund Raising & Fund Distribution, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Reach Georgia Foundation 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 06/2022, Reach Georgia Foundation Inc generated $5.3m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 15.8% each year . All expenses for the organization totaled $789.3k during the year ending 06/2022. While expenses have increased by 7.9% per year over the past 6 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.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2022

Describe the Organization's Mission:

Part 3 - Line 1

TO RAISE AND INVEST FUNDS TO SUPPORT THE REACH GEORGIA PROGRAM. ACTIVITIES INCLUDE FUNDRAISING, CREATING AWARENESS AND MANAGING INVESTMENTS.

Describe the Organization's Program Activity:

Part 3 - Line 4a

THE FOUNDATION RAISED MONEY THROUGH FUNDRAISING AND CREATING AWARENESS FOR THE REACH GEORGIA PROGRAM, WHICH IS AIMED TO SUPPORT OVER 2,800 LOW-INCOME STUDENTS IN ALL 180 SCHOOL SYSTEMS ACROSS THE STATE OF GEORGIA BY 2020 AND ENSURE THESE STUDENTS HAVE THE ACADEMIC, SOCIAL, AND FINANCIAL SUPPORT NEEDED TO GRADUATE FROM HIGH SCHOOL, ACCESS COLLEGE, AND ACHIEVE POSTSECONDARY SUCCESS.


THE FOUNDATION INVESTED FUNDS FROM THE FOUNDATION'S FUNDRAISING EFFORTS AND FUNDS HELD ON BEHALF OF THE GEORGIA STUDENT FINANCE AUTHORITY TO PROVIDE FOR FUTURE SCHOLARSHIPS FOR REACH SCHOLARS AND FOR ITS OWN ADMINISTRATIVE EXPENSES.


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Board, Officers & Key Employees

Name (title)Compensation
Michael Patrick
Chair
$0
Charlie Sutlive
Vice Chair
$0
Brian Annino
Secretary
$0
Lisa Garrison
Treasurer
$0
Tracey Ireland
Ex-Official
$0
Lynne Riley Gsfc President
Director
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $0
All other contributions, gifts, grants, and similar amounts not included above$2,277,156
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$2,277,156
Total Program Service Revenue$0
Investment income $854,126
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $1,750,137
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $5,281,419

Grants Recieved

Over the last fiscal year, we have identified 8 grants that Reach Georgia Foundation Inc has recieved totaling $371,785.

Awarding OrganizationAmount
Georgia Power Foundation Inc In Receivership

Atlanta, GA

PURPOSE: GEORGIA POWER REACH SCHOLARSHIP SUPPORT

$200,000
Georgia Power Foundation Inc In Receivership

Atlanta, GA

PURPOSE: GEORGIA POWER REACH SCHOLARSHIP SUPPORT

$100,000
Flint Energies Foundation Inc

Reynolds, GA

PURPOSE: COMMUNITY ASSISTANCE

$42,000
George W Strickland Jr Foundationinc

Valdosta, GA

PURPOSE: GENERAL FUND

$10,000
Charities Aid Foundation America

Alexandria, VA

PURPOSE: CHARITABLE DONATION

$9,750
North Georgia Community Foundation

Gainesville, GA

PURPOSE: EDUCATION

$7,000
View Grant Recipient Profile

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