Reach Foundation Inc
- Assets
- $532.3k
- Revenue
- $110.3k
- Investments
- $0.0
- Employees
- 3
- Location
- Eau Claire, WI
- Founding
- 11/2003
- Data as of
- 12/2021
- EIN
- 72-1569027
Organization Overview
Reach Foundation Inc is located in Eau Claire, WI. The organization was established in 2003. According to its NTEE Classification (T03) the organization is classified as: Professional Societies & Associations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. As of 12/2021, Reach Foundation Inc employed 3 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Reach 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 12/2021, Reach Foundation Inc generated $110.3k in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (0.8%) each year. All expenses for the organization totaled $178.4k during the year ending 12/2021. 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
TO SUPPORT THE MISSION OF REGIONAL ENTERPRISES FOR ADULTS AND CHILDREN, INC.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE PRIMARY PURPOSE OF THE REACH FOUNDATION IS TO SUPPORT REACH'S PHILOSOPHY THAT ALL PEOPLE WITH DISABILITIES SHOULD BE GIVEN OPPORTUNITY TO ACHIEVE INDEPENDENCE, IMPROVE THEIR LIFESTYLE, AND MAINTAIN FULL PARTICIPATION IN SOCIETY. CONTRIBUTIONS TO THE REACH FOUNDATION PROVIDE INDIVIDUALS THE OPPORTUNITY TO MAKE LASTING GIFTS THAT SUPPORT THEIR ON-GOING COMMITMENT TO REACH'S MISSIONS.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Adrian Klenz Executive Director | Officer | 40 | $64,890 |
Ben Michael Chair | OfficerTrustee | 0.5 | $0 |
Gene Larock Secretary/treasurer | OfficerTrustee | 0.5 | $0 |
Kelly Snider Vice Chair | OfficerTrustee | 0.5 | $0 |
Steve Gibbs Director | Trustee | 0.5 | $0 |
Jim Thomas Interim Executive Director | Trustee | 0.5 | $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 | $52,786 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $52,786 |
| Total Program Service Revenue | $0 |
| Investment income | $9,677 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $18,216 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $29,616 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $110,295 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $60,000 |
| 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. | $64,890 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $22,342 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $6,760 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $1,915 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $229 |
| Advertising and promotion | $1,098 |
| Office expenses | $8,580 |
| Information technology | $8,117 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $582 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $2,375 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $702 |
| All other expenses | $0 |
| Total functional expenses | $178,364 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $215,848 |
| Savings and temporary cash investments | $242,944 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| 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 | $0 |
| Net Land, buildings, and equipment | $73,528 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $532,320 |
| Accounts payable and accrued expenses | $2,499 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $0 |
| Total liabilities | $2,499 |
| Net assets without donor restrictions | $516,306 |
| Net assets with donor restrictions | $13,515 |
| 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 | $532,320 |
Grants Recieved
Over the last fiscal year, we have identified 5 grants that Reach Foundation Inc has recieved totaling $13,675.
| Awarding Organization | Amount |
|---|---|
Eau Claire Community Foundation Eau Claire, WI PURPOSE: OPERATIONAL NEEDS, RENTAL ASSISTANCE | $6,050 |
Jamf Nation Global Foundation Minneapolis, MN PURPOSE: TO FURTHER THE EXEMPT PURPOSE OF THE ORGANIZATION | $3,575 |
Xcel Energy Foundation Minneapolis, MN PURPOSE: ECONOMIC SUSTAINABILITY GRANT | $3,000 |
L E Phillips Family Foundation Inc Eau Claire, WI PURPOSE: OPERATING FUNDS | $1,000 |
Jamf Nation Global Foundation Minneapolis, MN PURPOSE: TO FURTHER THE EXEMPT PURPOSE OF THE ORGANIZATION | $50 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Geneva Foundation Of Presbyterian Homes Skokie, IL | $167,706,916 | $12,037,384 |
Illinois State Council Knights Of Columbus Charities Inc Kankakee, IL | $2,772,064 | $1,876,485 |
International Constrast Ultrasound Society 2 0 Chicago, IL | $84,088 | $518,950 |
Reach Foundation Inc Eau Claire, WI | $532,320 | $110,295 |
Association Of Fundraising Professionals Eden Prairie, MN | $54,604 | $0 |
Association Of Fundraising Professionals Lapeer, MI | $236,778 | $100,683 |
Dematic Employee Association Grand Rapids, MI | $1,536 | $0 |
Michigan Elks Association Charitable Grant Fund Pinckney, MI | $1,392,380 | $178,674 |
Association Of Fundraising Professionals Milwaukee, WI | $205,035 | $0 |
Corporate Volunteerism Council-Twin Cities Saint Paul, MN | $45,956 | $0 |
Hamburg Volunteer Fir Dept Relief Assoc Hamburg, MN | $30,285 | $37,536 |
Ippfa Remembrance Fund Elgin, IL | $249,321 | $0 |