Reach For Resources Inc
- Assets
- $1.9m
- Revenue
- $4.0m
- Investments
- $103.4k
- Employees
- 130
- Location
- Minnetonka, MN
- Founding
- 01/1986
- Data as of
- 12/2023
- EIN
- 41-1519855
Organization Overview
Reach For Resources Inc is located in Minnetonka, MN. The organization was established in 1986. According to its NTEE Classification (J30) the organization is classified as: Vocational Rehabilitation, under the broad grouping of Employment and related organizations. As of 12/2023, Reach For Resources Inc employed 130 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Reach For Resources 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 12/2023, Reach For Resources Inc generated $4.0m in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 9.5% each year. All expenses for the organization totaled $4.1m during the year ending 12/2023. While expenses have increased by 9.5% per year over the past 9 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
EMPOWERING PEOPLE OF ALL ABILITIES TO REACH THEIR FULL POTENTIAL.
Describe the Organization's Program Activity:
Part 3 - Line 4a
COMMUNITY LIVING SUPPORTS - IN 2023, REACH FOR RESOURCES SUPPORTED 232 ADULTS THROUGH EMPLOYMENT, HOUSING, AND INDEPENDENT LIVING.
WAIVER CASE MANAGEMENT - PROVIDES PERSONALIZED SUPPORTS TO INDIVIDUALS LOOKING TO COORDINATE THEIR SERVICES THROUGH WAIVER FUNDING. IN 2023, REACH FOR RESOURCES SUPPORTED 529 INDIVIDUALS.
MENTAL HEALTH SERVICES - PROVIDED COUNSELING, PARENTAL EDUCATION, AND SUPPORT FOR INDIVIDUALS AND FAMILIES WHO DEAL WITH MENTAL HEALTH CONDITIONS. IN 2023, REACH FOR RESOURCES SUPPORTED 292 INDIVIDUALS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
David Erickson Board Chair | OfficerTrustee | 4 | $0 |
Cody Holiday Board Deputy Chair | OfficerTrustee | 2 | $0 |
Anna Hulstein Treasurer | OfficerTrustee | 2 | $0 |
Danny Ngo Secretary | OfficerTrustee | 1 | $0 |
Anna Kuhlman Director | Trustee | 1 | $0 |
Carol Farr Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $81,659 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $229,664 |
| Noncash contributions included in lines 1a–1f | $37,796 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $311,323 |
| Total Program Service Revenue | $3,724,163 |
| Investment income | $29,314 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$5,070 |
| Net Income from Fundraising Events | -$29,677 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $4,030,604 |
| 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. | $207,241 |
| Compensation of current officers, directors, key employees. | $97,194 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $2,716,584 |
| Pension plan accruals and contributions | $33,801 |
| Other employee benefits | $196,335 |
| Payroll taxes | $213,569 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $17,393 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $38,540 |
| Advertising and promotion | $8,664 |
| Office expenses | $58,947 |
| Information technology | $37,512 |
| Royalties | $0 |
| Occupancy | $106,717 |
| Travel | $85,865 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $9,396 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $527 |
| Insurance | $63,817 |
| All other expenses | $49,598 |
| Total functional expenses | $4,055,361 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $200,872 |
| Savings and temporary cash investments | $313,864 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $471,132 |
| 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 | $38,358 |
| Net Land, buildings, and equipment | $35 |
| Investments—publicly traded securities | $523,973 |
| Investments—other securities | $103,430 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $228,874 |
| Total assets | $1,880,538 |
| Accounts payable and accrued expenses | $426,796 |
| Grants payable | $0 |
| Deferred revenue | $18,293 |
| 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 | $234,720 |
| Total liabilities | $679,809 |
| Net assets without donor restrictions | $1,109,149 |
| Net assets with donor restrictions | $91,580 |
| 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 | $1,880,538 |