Reach For Your Potential Inc
- Assets
- $7.9m
- Revenue
- $10.2m
- Investments
- $0.0
- Employees
- 223
- Location
- Iowa City, IA
- Founding
- 04/1993
- Data as of
- 06/2023
- EIN
- 42-1349210
Organization Overview
Reach For Your Potential Inc is located in Iowa City, IA. The organization was established in 1993. According to its NTEE Classification (L21) the organization is classified as: Low-Income & Subsidized Rental Housing, under the broad grouping of Housing & Shelter and related organizations. As of 06/2023, Reach For Your Potential Inc employed 223 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Reach For Your Potential 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 06/2023, Reach For Your Potential Inc generated $10.2m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 4.1% each year. All expenses for the organization totaled $9.7m during the year ending 06/2023. While expenses have increased by 3.5% 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
REACH FOR YOUR POTENTIAL, INC IS A PROVIDER OF ADULT DAYCARE SERVICES AND REHABILITATION/HOUSING OF DISABLED INDIVIDUALS SERVING APPROXIMATELY 135 INDIVIDUALS FROM IOWA CITY AND THE SURROUNDING COMMUNITIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
DAILY RESIDENTIAL SERVICES ARE DESIGNED TO FULLY SUPPORT THE NEEDS OF EACH PERSON, AS WELL AS TO ASSIST THEM IN ACHIEVING THEIR HOPES AND DREAMS. DAILY SERVICES INCLUDING ROUND-THE-CLOCK CARE ARE PROVIDED IN PRIVATE RESIDENCES.
THE DAY HABILITATION SERVICES PROVIDE DAYTIME SUPPORT AND SUPERVISION, AND INCLUDE FIELD TRIPS AND RECREATIONAL ACTIVITIES.
HOURLY RESIDENTIAL SERVICES ARE TARGETED TO ASSIST WITH SPECIFIC NEEDS. THEY ARE DESIGNED TO TEACH DAILY LIVING SKILLS, SUCH AS COOKING, MONEY MANAGEMENT, AND TO ASSIST INDIVIDUALS IN ACHIEVING THEIR GOALS FOR GREATER INDEPENDANCE.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Staci Humiston Executive Di | Officer | 50 | $132,570 |
Ronald Schieffer Resigned 72022 (former)exec | Officer | 0 | $93,704 |
Mike Cilek Resigned 102022 Director | Trustee | 0 | $0 |
John Kammermeyer Resigned 712022 Former Secre | OfficerTrustee | 0 | $0 |
Randy Mcdonough Director | Trustee | 1 | $0 |
Mary Ruth Director | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Olsen Remodeling & Construction Construction | 6/29/21 | $130,758 |
Happy Valley Services Llc Maintenance | 6/29/21 | $109,191 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $95,000 |
| All other contributions, gifts, grants, and similar amounts not included above | $4,933 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $99,933 |
| Total Program Service Revenue | $10,186,621 |
| Investment income | $1,045 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$53,516 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $10,234,083 |
| 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. | $180,822 |
| Compensation of current officers, directors, key employees. | $83,178 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $6,634,445 |
| Pension plan accruals and contributions | $164,337 |
| Other employee benefits | $513,378 |
| Payroll taxes | $540,058 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $3,530 |
| Fees for services: Accounting | $73,580 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $92,284 |
| Advertising and promotion | $38,327 |
| Office expenses | $39,471 |
| Information technology | $9,670 |
| Royalties | $0 |
| Occupancy | $483,212 |
| Travel | $121,258 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $9,084 |
| Interest | $73,516 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $314,173 |
| Insurance | $178,345 |
| All other expenses | $3,030 |
| Total functional expenses | $9,687,534 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,866,271 |
| Savings and temporary cash investments | $1,523,650 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,147,701 |
| 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 | $15,324 |
| Net Land, buildings, and equipment | $3,312,555 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $55,480 |
| Total assets | $7,920,981 |
| Accounts payable and accrued expenses | $383,022 |
| 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 | $1,597,940 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $54,444 |
| Total liabilities | $2,035,406 |
| Net assets without donor restrictions | $5,830,819 |
| Net assets with donor restrictions | $54,756 |
| 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 | $7,920,981 |