Reach Baltimore Inc
- Assets
- $23.7k
- Revenue
- $6.7m
- Investments
- $0.0
- Employees
- 0
- Location
- Baltimore, MD
- Founding
- 02/2011
- Data as of
- 06/2021
- EIN
- 26-2909125
Organization Overview
Reach Baltimore Inc is located in Baltimore, MD. The organization was established in 2011. According to its NTEE Classification (B29) the organization is classified as: Charter Schools, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Reach Baltimore 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, Reach Baltimore Inc generated $6.7m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 0.3% each year. All expenses for the organization totaled $6.7m during the year ending 06/2021. While expenses have increased by 0.6% per year over the past 6 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO OPERATE A SCHOOL TO PROVIDE FOCUSED EDUCATIONAL OPPORTUNITIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO OPERATE A SCHOOL TO PROVIDE FOCUSED EDUCATIONAL OPPORTUNITIES. THE ORGANIZATION HAS FORMED PARTNERSHIPS WITH SOME OF THE AREA'S AND NATION'S LEADING BUSINESSES AND EDUCATIONAL INSTITUTIONS INCLUDING JOHNS HOPKINS MEDICAL SYSTEMS, STEVENSON UNIVERSITY, JOHNSON CONTROLS, ASSOCIATED BUILDERS AND CONTRACTORS, THE UNIVERSITY OF MARYLAND MEDICAL SYSTEMS, AND HARKINS BUILDERS AND CONTRACTORS. THE ACTIVE PARTICIPATION IN GOVERNANCE, CURRICULUM DEVELOPMENT, AND CAREER TRAINING FROM THESE PARTNERS, COMBINED WITH THE RIGOROUS COLLEGE PREPARATION CURRICULUM AND INDIVIDUAL ATTENTION OF FACULTY, MAKE A REACH PARTNERSHIP EDUCATION ONE OF THE BEST VALUES IN PUBLIC EDUCATION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Richard Mccoy Chairman | OfficerTrustee | 2 | $0 |
Mornique Spencer Secretary | OfficerTrustee | 2 | $0 |
Richard Mayhew Vice Chairman | OfficerTrustee | 2 | $0 |
Dana Stein Director/ex-Officio | Officer | 1 | $0 |
Dion Wright Executive Director | Officer | 10 | $0 |
Kamilla Alexander Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $6,619,957 |
| All other contributions, gifts, grants, and similar amounts not included above | $54,844 |
| Noncash contributions included in lines 1a–1f | $46,230 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $6,674,801 |
| Total Program Service Revenue | $0 |
| Investment income | $0 |
| 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 | $6,674,977 |
| 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 | $6,302,536 |
| Pension plan accruals and contributions | $1,288 |
| Other employee benefits | $15,947 |
| Payroll taxes | $14,595 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $47,135 |
| Advertising and promotion | $0 |
| Office expenses | $227,819 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $496 |
| 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 | $0 |
| Insurance | $6,656 |
| All other expenses | $866 |
| Total functional expenses | $6,676,594 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| 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 | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $23,671 |
| Total assets | $23,671 |
| Accounts payable and accrued expenses | $4,134 |
| 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 | $4,134 |
| Net assets without donor restrictions | $19,537 |
| 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 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $23,671 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Belmont Charter School Philadelphia, PA | $6,922,339 | $21,008,354 |
Democracy Prep Congress Heights Public Charter School CHARTER SCHOOL Washington, DC | $0 | $17,619,110 |
Propel Charter School Sunrise Pittsburgh, PA | $9,914,076 | $19,454,226 |
West Oak Lane Charter School Philadelphia, PA | $9,484,536 | $17,633,515 |
Ingenuity Prep Washington, DC | $6,189,682 | $17,892,639 |
Mast Community Charter School Iii Philadelphia, PA | $53,124,349 | $21,172,350 |
Mast Community Charter School Ii Philadelphia, PA | $15,675,168 | $22,231,273 |
Creative Minds International Public Charter School Washington, DC | $39,022,356 | $15,046,309 |
Mastery Charter School - Harrity Elementary Philadelphia, PA | $9,434,703 | $16,430,234 |
Wissahickon Charter School Philadelphia, PA | $12,512,836 | $17,919,129 |
York Academy Regional Charter School York, PA | $5,602,450 | $14,555,024 |
Corporation Of The Washington Latin School Washington, DC | $31,565,560 | $17,054,882 |