The Reach Corporation
- Assets
- $2.2m
- Revenue
- $7.8m
- Investments
- $0.0
- Employees
- 252
- Location
- Weleetka, OK
- Founding
- 05/1998
- Data as of
- 12/2022
- EIN
- 73-1503689
Organization Overview
The Reach Corporation is located in Weleetka, OK. The organization was established in 1998. According to its NTEE Classification (J30) the organization is classified as: Vocational Rehabilitation, under the broad grouping of Employment and related organizations. As of 12/2022, Reach Corporation employed 252 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Reach Corporation 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 12/2022, Reach Corporation generated $7.8m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 1.3% each year. All expenses for the organization totaled $7.4m during the year ending 12/2022. While expenses have increased by 0.5% per year over the past 8 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO ASSIST AND SUPPORT PEOPLE WITH DEVELOPMENTAL DISABILITIES TO DISCOVER AND ACTUALIZE THEIR PERSONAL GOALS WHILE RECOGNIZING THE COLLECTIVE EFFORT OF OUR EMPLOYEES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDING SUPERVISED LONG-TERM RESIDENTIAL CARE TO INDIVIDUALS WITH DEVELOPMENTAL DISABILITIES.
PROVIDING SUPERVISED LONG-TERM RESIDENTIAL CARE TO INDIVIDUALS WITH DEVELOPMENTAL DISABILITIES.
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 |
|---|---|---|---|
M Geoffrey Bailey President | Trustee | 2 | $0 |
Jeff Beck Vice Preside | Trustee | 2 | $0 |
Brian Humphrey Sec/treasure | Trustee | 2 | $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 | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $7,031,419 |
| Investment income | $11,549 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $7,819,170 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $3,653,132 |
| Pension plan accruals and contributions | $39,679 |
| Other employee benefits | $277,144 |
| Payroll taxes | $304,396 |
| Fees for services: Management | $171,000 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $7,500 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $66,197 |
| Advertising and promotion | $12,006 |
| Office expenses | $29,676 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $301,459 |
| Travel | $93,672 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $17,700 |
| Interest | $106,862 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $236,472 |
| Insurance | $147,518 |
| All other expenses | $205,450 |
| Total functional expenses | $7,423,103 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $8,471 |
| Savings and temporary cash investments | $0 |
| 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 | $275,429 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,923,939 |
| Total assets | $2,207,839 |
| Accounts payable and accrued expenses | $0 |
| 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 | $1,401,692 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $90,705 |
| Total liabilities | $1,492,397 |
| Net assets without donor restrictions | -$1,200,125 |
| Net assets with donor restrictions | $1,915,567 |
| 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 | $2,207,839 |