Reach Inc
- Assets
- $511.8k
- Revenue
- $670.3k
- Investments
- $0.0
- Employees
- 15
- Location
- Norfolk, VA
- Founding
- 03/1999
- Data as of
- 06/2021
- EIN
- 54-1918686
Organization Overview
Reach Inc is located in Norfolk, VA. The organization was established in 1999. According to its NTEE Classification (B92) the organization is classified as: Remedial Reading & Encouragement, under the broad grouping of Education and related organizations. As of 06/2021, Reach Inc employed 15 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Reach 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 Inc generated $670.3k in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 24.3% each year . All expenses for the organization totaled $660.5k during the year ending 06/2021. While expenses have increased by 27.2% 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE MISSION OF REACH, INC. (READING ENRICHES ALL CHILDREN) IS TO PROMOTE LITERACY FOR CHILDREN WHO ARE AT-RISK AND HOMELESS THROUGHOUT THE COASTAL VIRGINIA. REACH PROVIDES NEW AND GENTLY USED BOOKS TO CHILDREN AT-RISK TO BUILD HOME LIBRARIES AND REMOVE BARRIERS TO ACCESS TO BOOKS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE BIG FREE BOOKSTORE: REACH'S BIG FREE BOOKSTORE OFFERS HIGH-QUALITY, BRAND NEW BOOKS FOR EVERY AGE FROM BOARD BOOKS TO ADULT CONTEMPORARY SO THAT EVERY FAMILY MEMBER CAN ENJOY A JOURNEY OF WORDS AND LITERARY EXPLORATION. THOUSANDS OF FAMILIES HAVE VISITED THE STORE TO RECEIVE RESOURCES TO CREATE A LITERACY RICH ENVIRONMENT AT HOME. EACH FAMILY CAN RECEIVE TWO NEW BOOKS PER PERSON IN THEIR HOUSEHOLD, UP TO TWO TIMES A WEEK AT ZERO COST.
GROWING READERS PROGRAM: REACH PROVIDES QUALITY, LIGHTLY-USED BOOKS TO CLASSROOMS AND OTHER COMMUNITY PROGRAMS IN WHICH CHILDREN NEED ACCESS TO BOOKS THROUGH THE GROWING READERS PROGRAM. ANYONE WHO WORKS WITH CHILDREN WHO MAY BE AT- RISK, ESPECIALLY TEACHERS, CAN RECEIVE GENTLY-USED BOOKS FOR FREE TO GIVEAWAY THROUGHOUT THE YEAR. REACH HAS ESTABLISHED ITSELF AS THE PRIMARY RESOURCE IN THE COMMUNITY TO HELP ESTABLISH GIVE AWAY LIBRARIES AND OTHER LITERARY NEEDS FOR PARTNER ORGANIZATIONS.
REACH READSOURCE PACK PROGRAM: REACH READSOURCE PACKS WERE DEVELOPED TO SUPPORT FAMILIES WITH CHILDREN IN OUR AREA THROUGH MAILING OF RESOURCES; REMOVING THE PHYSICAL CONTACT AND SOCIAL DISTANCING CONCERNS RELATED TO THE COVID-19 GLOBAL PANDEMIC. FAMILIES CAN REQUEST PACKS FOR THEIR CHILDREN, FREE OF CHARGE, AND IS OPEN TO ANY FAMILY IMPACTED BY COVID-19 CRISIS. EACH PACK COMES WITH TWO NEW BOOKS, TWO DEVELOPMENTALLY APPROPRIATE ACTIVITY WORKSHEETS & TWO REUSABLE FACE MASKS FOR EACH CHILD IN THE HOME.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jennifer Goff Executive Di | Trustee | 40 | $48,750 |
Niki Sargent Secretary | OfficerTrustee | 2 | $0 |
Lauren Hill Vice Preside | OfficerTrustee | 2 | $0 |
Eugene Bryant Treasurer | OfficerTrustee | 2 | $0 |
Elizabeth Ufkes President | OfficerTrustee | 2 | $0 |
Kristin Cooper Board Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $42,947 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $15,000 |
| All other contributions, gifts, grants, and similar amounts not included above | $605,408 |
| Noncash contributions included in lines 1a–1f | $400,309 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $663,355 |
| Total Program Service Revenue | $3,891 |
| Investment income | $19 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $3,068 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $670,333 |
| 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. | $48,750 |
| Compensation of current officers, directors, key employees. | $2,925 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $90,007 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $8,900 |
| Payroll taxes | $10,988 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $16,038 |
| Advertising and promotion | $4,334 |
| Office expenses | $8,117 |
| Information technology | $4,959 |
| Royalties | $0 |
| Occupancy | $36,165 |
| Travel | $162 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,290 |
| Insurance | $3,839 |
| All other expenses | $0 |
| Total functional expenses | $660,492 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $127 |
| Savings and temporary cash investments | $69,788 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,019 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $429,174 |
| Prepaid expenses and deferred charges | $704 |
| Net Land, buildings, and equipment | $6,671 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $4,300 |
| Total assets | $511,783 |
| Accounts payable and accrued expenses | $16,851 |
| Grants payable | $0 |
| Deferred revenue | $429,174 |
| 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 | $50,000 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $496,025 |
| Net assets without donor restrictions | $15,758 |
| 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 | $511,783 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Reach Inc has recieved totaling $1,000.
| Awarding Organization | Amount |
|---|---|
Townsend Family Foundation Wilmington, DE PURPOSE: GENERAL & UNRESTRICTED | $1,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Dollar General Literacy Foundation Goodlettsville, TN | $59,000,845 | $19,656,631 |
Literacy Lab Washington, DC | $23,333,778 | $29,239,466 |
Governors Early Literacy Foundation Nashville, TN | $11,541,764 | $13,046,158 |
Civic Works Inc Baltimore, MD | $12,483,552 | $12,764,474 |
Reading Is Fundamental Inc Washington, DC | $22,372,600 | $16,088,590 |
National Center For Families Learning Inc Louisville, KY | $16,159,024 | $7,570,588 |
Congress Heights Community Training And Development Corporation Washington, DC | $6,347,487 | $3,189,279 |
Book Harvest Durham, NC | $2,671,436 | $2,224,285 |
Preston Taylor Ministries Nashville, TN | $1,787,100 | $1,982,481 |
The Washington Commanders Charitable Foundation Inc Ashburn, VA | $1,361,978 | $1,048,751 |
Free Minds Book Club & Writing Workshop Washington, DC | $2,522,184 | $2,082,941 |
We Need Diverse Books Bethesda, MD | $1,284,821 | $1,729,399 |