The Reach Healthcare Foundation
- Assets
- $162.9m
- Revenue
- $11.6m
- Investments
- $68.1m
- Employees
- 7
- Location
- Overland Park, KS
- Founding
- 07/2010
- Data as of
- 12/2021
- EIN
- 20-0337230
Organization Overview
The Reach Healthcare Foundation is located in Overland Park, KS. The organization was established in 2010. According to its NTEE Classification (E99) the organization is classified as: Health Care N.E.C., under the broad grouping of Health Care and related organizations. As of 12/2022, Reach Healthcare Foundation employed 7 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Reach Healthcare 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 12/2021, Reach Healthcare Foundation generated $11.6m in total revenue. This organization has experienced exceptional growth, as over the past 3 years, it has increased revenue by an average of 11.1% each year . All expenses for the organization totaled $7.7m during the year ending 12/2021. While expenses have increased by 4.2% per year over the past 3 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.
Since 2019, Reach Healthcare Foundation has awarded 101 individual grants totaling $8,185,470. 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO SUPPORT ACCESS TO QUALITY HEALTHCARE COVERAGE & SERVICES FOR THE MEDICALLY INDIGENT & UNDERSERVED RESIDENTS OF ALLEN, JOHNSON & WYANDOTTE COUNTIES IN KS AND CASS, JACKSON, & LAFAYETTE COUNTIES IN MO.
Describe the Organization's Program Activity:
Part 3 - Line 4a
STRENGTHEN THE SAFETY NET OUTCOME INVESTMENT GRANTS ARE AWARDED TO STRENGTHEN THE SAFETY NET AND EXPAND ITS CAPACITY TO PROVIDE QUALITY, WHOLE-PERSON CARE. THIS PROGRAM AREA ALSO INCLUDES CORE OPERATING SUPPORT FOR ORGANIZATIONS DETERMINED TO BE ESSENTIAL CONTRIBUTORS TO THE REGION'S HEALTH CARE SAFETY NET SYSTEM. IN 2022, 31 STRENGTHEN THE SAFETY NET GRANTS WERE AWARDED.
DISCRETIONARY GRANTS AND MISCELLANEOUS GRANTS. DISCRETIONARY GRANTS SUPPORT SHORT TERM PROJECTS AND NEEDS (E.G., CONFERENCE AND CONVENING COSTS). IN 2022, 39 DISCRETIONARY AND OTHER GRANTS WERE AWARDED.
BRIDGE THE COVERAGE DIVIDE OUTCOME INVESTMENT GRANTS BRIDGE THE COVERAGE DIVIDE THROUGH EXPANDED ACCESS TO MEDICAID AND OTHER PUBLICLY FUNDED HEALTH AND HUMAN SERVICES. IN 2022, 30 BRIDGE THE COVERAGE GRANTS WERE AWARDED.
CLOSE THE HEALTH EQUITY GAP OUTCOME INVESTMENT GRANTS ADVANCE HEALTH EQUITY THROUGH PROGRAMS AND PARTNERSHIPS THAT FULLY ENGAGE IMPACTED POPULATIONS IN REDUCING HEALTH DISPARITIES. IN 2022, 16 CLOSE THE HEALTH EQUITY GAP GRANTS WERE AWARDED.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Name Not Listed Vice Chair/director | OfficerTrustee | 5 | $0 |
Name Not Listed Secretary/director | OfficerTrustee | 5 | $0 |
Name Not Listed Treasurer/director | OfficerTrustee | 5 | $0 |
Name Not Listed Program Comm Chair/director | OfficerTrustee | 5 | $0 |
Name Not Listed Chair/director | OfficerTrustee | 5 | $0 |
Name Not Listed Director | Trustee | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,000,000 |
| Investment income | $540,546 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $9,955,223 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $11,619,645 |
| Statement of Expenses | |
|---|---|
| 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. | $664,820 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $513,321 |
| Pension plan accruals and contributions | $47,662 |
| Other employee benefits | $71,706 |
| Payroll taxes | $63,673 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $28,992 |
| Fees for services: Accounting | $44,950 |
| Fees for services: Lobbying | $130,276 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $471,804 |
| Fees for services: Other | $204,672 |
| Advertising and promotion | $9,680 |
| Office expenses | $77,358 |
| Information technology | $47,884 |
| Royalties | $0 |
| Occupancy | $239,345 |
| Travel | $998 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $34,789 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $136,096 |
| Insurance | $25,388 |
| All other expenses | $0 |
| Total functional expenses | $7,679,453 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $562 |
| Savings and temporary cash investments | $91,624 |
| 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 | $482,132 |
| Investments—publicly traded securities | $93,251,140 |
| Investments—other securities | $68,061,989 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $16 |
| Total assets | $162,862,419 |
| Accounts payable and accrued expenses | $565,767 |
| Grants payable | $2,303,717 |
| 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 | $2,869,484 |
| Net assets without donor restrictions | $159,992,935 |
| 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 |
| Total liabilities and net assets/fund balances | $159,992,935 |
Grants Awarded
Over the last fiscal year, The Reach Healthcare Foundation has awarded $3,822,820 in support to 52 organizations.
| Grant Recipient | Amount |
|---|---|
AD HOC GROUP AGAINST CRIME PURPOSE: Strengthen Safety Net | $100,000 |
ALIVE AND WELL COMMUNITIES PURPOSE: Strengthen Safety Net | $50,000 |
ALTRUISM MEDIA INC PURPOSE: Bridge Coverage Divide | $30,000 |
BLAQOUT INC PURPOSE: Close Health Equity Gap/ Strengthen Safety Net | $120,000 |
BUDGET AND FINANCIAL MANAGEMENT ASSISTANCE PURPOSE: Bridge Coverage Divide | $35,000 |
ACLU FOUNDATION OF KANSAS PURPOSE: Bridge Coverage Divide | $50,000 |