Reach University
- Assets
- $5.2m
- Revenue
- $18.8m
- Investments
- $0.0
- Employees
- 48
- Location
- Oakland, CA
- Founding
- 05/2010
- Data as of
- 06/2023
- EIN
- 27-1274290
Organization Overview
Reach University is located in Oakland, CA. The organization was established in 2010. According to its NTEE Classification (B99) the organization is classified as: Education N.E.C., under the broad grouping of Education and related organizations. As of 06/2023, Reach University employed 48 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Reach University 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 06/2023, Reach University generated $18.8m in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 39.2% each year . All expenses for the organization totaled $17.3m during the year ending 06/2023. While expenses have increased by 32.8% per year over the past 8 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 2015, Reach University has awarded 14 individual grants totaling $2,181,005. 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
OFFERS APPRENTICESHIP-BASED DEGREES, A JOB EMBEDDED AFFORDABLE PATHWAY TO HIGHER EDUCATION
Describe the Organization's Program Activity:
Part 3 - Line 4a
REACH DESIGNS AND DELIVERS UNDERGRADUATE AND POST-GRADUATE PROGRAMS THAT RESULT IN JOB-EMBEDDED DEGREES AND CERTIFICATES. IN THE SCHOOL OF EDUCATION, REACH OFFERS BOTH BACHELOR'S AND MASTER'S DEGREE PROGRAMS AND RELATED CERTIFICATIONS. REACH ALSO OFFERS CONSULTING SERVICES FOR PARTNERS TO GROW APPRENTICESHIP-BASED PATHWAYS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Darin Lim Yankowitz Board President | Trustee | 1 | $0 |
Jonathan Johnson Board Secretary & Treasurer | Trustee | 1 | $0 |
Ari Simon Board Member | Trustee | 1 | $0 |
Afam Onyema Board Member | Trustee | 1 | $0 |
Marissa Ring Board Member | Trustee | 1 | $0 |
Roberto Angulo Board Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $2,023,367 |
| All other contributions, gifts, grants, and similar amounts not included above | $5,317,671 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $7,341,038 |
| Total Program Service Revenue | $11,441,791 |
| Investment income | $24,903 |
| 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 | $18,807,732 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $1,092,579 |
| Grants and other assistance to domestic individuals. | $6,846,722 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $508,924 |
| Compensation of current officers, directors, key employees. | $132,570 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $5,542,796 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $384,275 |
| Payroll taxes | $377,453 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $101,229 |
| Fees for services: Accounting | $126,297 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $630,639 |
| Advertising and promotion | $277,919 |
| Office expenses | $547,407 |
| Information technology | $287,487 |
| Royalties | $0 |
| Occupancy | $17,568 |
| Travel | $163,419 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $13,322 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $11,862 |
| Insurance | $15,136 |
| All other expenses | $0 |
| Total functional expenses | $17,280,562 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $4,526,719 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $223,256 |
| Accounts receivable, net | $200,994 |
| 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 | $183,371 |
| Net Land, buildings, and equipment | $35,828 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $31,015 |
| Total assets | $5,201,183 |
| Accounts payable and accrued expenses | $295,851 |
| Grants payable | $0 |
| Deferred revenue | $106,547 |
| 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 | $713,398 |
| Total liabilities | $1,115,796 |
| Net assets without donor restrictions | $4,085,387 |
| 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 | $5,201,183 |
Grants Awarded
Over the last fiscal year, Reach University has awarded $1,092,579 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
DALLAS COLLEGE PURPOSE: SUBGRANT FROM CHARLES KOCH FOUNDATION GRANT | $100,000 |
ARIZONA STATE UNIVERSITY PURPOSE: SUBGRANT FROM CHARLES KOCH FOUNDATION GRANT | $100,000 |
AMBITION ANGELS PURPOSE: EQUIP UNDERSERVED TEENS WITH FUTURE SKILLS NEEDED | $642,579 |
THE CRAFT EDUCATION SYSTEM INC PURPOSE: FISCAL SPONSORSHIP PASSTHROUGH DONATION FROM THE WALTON FOUNDATION | $250,000 |