Reach Memphis
- Assets
- $1.0m
- Revenue
- $464.2k
- Investments
- $0.0
- Employees
- 8
- Location
- Memphis, TN
- Founding
- 11/2007
- Data as of
- 09/2023
- EIN
- 26-0501434
Organization Overview
Reach Memphis is located in Memphis, TN. The organization was established in 2007. According to its NTEE Classification (B90) the organization is classified as: Educational Services, under the broad grouping of Education and related organizations. As of 09/2023, Reach Memphis employed 8 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Reach Memphis 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 09/2023, Reach Memphis generated $464.2k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (10.3%) each year. All expenses for the organization totaled $484.0k during the year ending 09/2023. As we would expect to see with falling revenues, expenses have declined by (4.9%) per year over the past 8 years. 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
REACH MEMPHIS WORKS WITH HIGH ACHIEVING STUDENTS IN SHELBY COUNTY PUBLIC SCHOOLS TO PREPARE THEM FOR, AND SUCCESSFULLY TRANSITION TO COLLEGE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
REACH MEMPHIS HELPS HIGH ACHIEVING STUDENTS FROM SHELBY COUNTY SCHOOLS SUCCEED IN HIGH SCHOOL, COLLEGE AND BEYOND USING A CONTINUUM OF SERVICES INCLUDING SUMMER EDUCATIONAL EXPERIENCES, COLLEGE READINESS PLANNING AND COUNSELING, AND MENTORS WHO GUIDE ITS STUDENTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Margaret Ryan Executive Di | Officer | 40 | $88,500 |
Ashley Adams Treasurer | Trustee | $0 | |
Brandon Arrindell Board Member | Trustee | $0 | |
Andrew Bailey Board Member | Trustee | $0 | |
Dawn Campbell Vice Chair | Trustee | $0 | |
Kenya Hooks Board Member | Trustee | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $1,548 |
| All other contributions, gifts, grants, and similar amounts not included above | $399,347 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $400,895 |
| Total Program Service Revenue | $11,770 |
| Investment income | $18,487 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $33,023 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $464,175 |
| 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. | $88,500 |
| Compensation of current officers, directors, key employees. | $8,850 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $183,297 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $20,629 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $14,126 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $113 |
| Office expenses | $136 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $31,326 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $94 |
| Insurance | $8,572 |
| All other expenses | $20,136 |
| Total functional expenses | $484,040 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $96,867 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $99,500 |
| 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 | $868 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $815,369 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $2,300 |
| Total assets | $1,014,904 |
| Accounts payable and accrued expenses | $3,992 |
| 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 | $3,992 |
| Net assets without donor restrictions | $483,505 |
| Net assets with donor restrictions | $527,407 |
| 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 | $1,014,904 |