Reach Higher Foundation
- Assets
- $1.0m
- Revenue
- $4.8k
- Investments
- $884.6k
- Employees
- 0
- Location
- Wilmington, DE
- Founding
- 03/2019
- Data as of
- 12/2022
- EIN
- 82-3501392
Organization Overview
Reach Higher Foundation is located in Wilmington, DE. The organization was established in 2019. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking Foundations, 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 Higher Foundation 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 Higher Foundation generated $4.8k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (14.7%) each year. All expenses for the organization totaled $256.6k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Reach Higher Foundation has awarded 36 individual grants totaling $765,035. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kyle Huebner Dir, Treas | 1 | $0 | |
Leanne Huebner Dir, Sec, Pres | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $211 |
| Dividends & Interest | $18,464 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$13,842 |
| Capital Gain Net Income | $163,910 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $4,833 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $3,494 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $12,552 |
| Total operating and administrative expenses | $16,046 |
| Contributions, gifts, grants paid | $240,535 |
| Total expenses and disbursements | $256,581 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $117,989 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $1,002,613 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
Grants Awarded
Over the last fiscal year, Reach Higher Foundation has awarded $240,535 in support to 14 organizations.
| Grant Recipient | Amount |
|---|---|
AMBASSADOR HIGH SCHOOL PURPOSE: GENERAL & UNRESTRICTED | $16,075 |
AMERICAN CHEMICAL SOCIETY PURPOSE: CHARITABLE EVENT | $6,000 |
AMERICAN MARTYRS SCHOOL PURPOSE: GENERAL & UNRESTRICTED | $10,000 |
FORDHAM PREPARATORY SCHOOL PURPOSE: GEORGE JACKSON INITIATIVE FUND | $10,000 |
FULFILLMENT FUND PURPOSE: GENERAL & UNRESTRICTED | $3,500 |
HARVARD BUSINESS SCHOOL PURPOSE: GENERAL & UNRESTRICTED | $10,000 |