Reaching Out Mba Inc
- Assets
- $3.1m
- Revenue
- $1.8m
- Investments
- $0.0
- Employees
- 3
- Location
- Los Angeles, CA
- Founding
- 03/2004
- Data as of
- 06/2021
- EIN
- 06-1706646
Organization Overview
Reaching Out Mba Inc is located in Los Angeles, CA. The organization was established in 2004. According to its NTEE Classification (R26) the organization is classified as: Lesbian & Gay Rights, under the broad grouping of Civil Rights, Social Action & Advocacy and related organizations. As of 06/2021, Reaching Out Mba Inc employed 3 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Reaching Out Mba 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, Reaching Out Mba Inc generated $1.8m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 6.9% each year. All expenses for the organization totaled $852.2k during the year ending 06/2021. 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
EDUCATING, INSPIRING, AND CONNECTING THE STUDENT AND ALUMNI LGBTQ MBA AND GRADUATE COMMUNITIES IN AN ONGOING EFFORT TO CREATE THE NEXT GENERATION OF OUT BUSINESS LEADERS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
REACHING OUT MBA'S MISSION IS TO INCREASE THE INFLUENCE OF THE LGBTQ COMMUNITY IN BUSINESS BY EDUCATING, INSPIRING, AND CONNECTING MBA STUDENTS AND ALUMNI. EACH YEAR ROMBA HOLDS AN ANNUAL CONFERENCE, RUNS A FELLOWSHIP PROGRAM, HOLDS AN OUT WOMEN IN BUSINESS CONFERENCE FOR LGBTQ WOMEN AND HOLDS AN ANNUAL LGBTQ MBA CLUB LEADERSHIP SUMMIT.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Aidan Currie Executive Director | Officer | 40 | $168,480 |
Paul Thaler Director Of Development | 40 | $119,113 | |
Jens Audenaert President | OfficerTrustee | 5 | $0 |
Joaquin Avino Board Member | OfficerTrustee | 2 | $0 |
Paula Cobb Board Member | OfficerTrustee | 2 | $0 |
Christy O'gaughan Board Member | 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 | $1,680,058 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,680,058 |
| Total Program Service Revenue | $97,196 |
| Investment income | $23,020 |
| 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 | $1,803,628 |
| 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. | $175,956 |
| Compensation of current officers, directors, key employees. | $43,990 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $218,619 |
| Pension plan accruals and contributions | $6,560 |
| Other employee benefits | $20,257 |
| Payroll taxes | $29,388 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $17,685 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $40,510 |
| Advertising and promotion | $4,844 |
| Office expenses | $80,612 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $2,336 |
| Travel | $1,528 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $234,627 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $12,155 |
| Insurance | $4,088 |
| All other expenses | $3,070 |
| Total functional expenses | $852,235 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $772,005 |
| Savings and temporary cash investments | $613,873 |
| Pledges and grants receivable | $189,485 |
| Accounts receivable, net | $20,853 |
| 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 | $5,902 |
| Net Land, buildings, and equipment | $77 |
| Investments—publicly traded securities | $1,464,368 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $34,832 |
| Other assets | $0 |
| Total assets | $3,101,395 |
| Accounts payable and accrued expenses | $38,421 |
| Grants payable | $0 |
| Deferred revenue | $127,675 |
| 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 | $166,096 |
| Net assets without donor restrictions | $2,317,554 |
| Net assets with donor restrictions | $617,745 |
| 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 | $3,101,395 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that Reaching Out Mba Inc has recieved totaling $47,236.
| Awarding Organization | Amount |
|---|---|
American Online Giving Foundation Inc Newark, DE PURPOSE: GENERAL SUPPORT | $34,710 |
Adp Foundation Roseland, NJ PURPOSE: CHARITABLE CONTRIBUTION | $12,500 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $26 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Transgender Law Center Oakland, CA | $25,939,960 | $14,579,673 |
National Center For Lesbian Rights San Francisco, CA | $7,337,899 | $8,859,587 |
The Translatin Coalition Los Angeles, CA | $3,458,659 | $3,883,576 |
The Lgbtq Community Center Of The Desert Palm Springs, CA | $4,628,865 | $2,657,914 |
Equality California Los Angeles, CA | $1,556,897 | $2,934,545 |
1n10 Inc Phoenix, AZ | $3,688,616 | $3,476,030 |
San Francisco Lesbian Gay Freedom Day Parade & Celeb Committee Inc San Francisco, CA | $689,695 | $1,082,295 |
San Diego Lesbian & Gay Pride San Diego, CA | $3,232,597 | $2,284,045 |
Christopher Street West Association Inc Burbank, CA | $703,036 | $1,414,969 |
Utopia Pdx - United Territories Of Pacific Islanders Alliance Portlan Portland, OR | $596,084 | $1,396,358 |
A Wider Bridge San Francisco, CA | $1,165,859 | $1,616,513 |
Source Lgbt Center Inc Visalia, CA | $1,199,198 | $1,498,081 |