Reach Cyber Charter School
- Assets
- $80.3m
- Revenue
- $133.6m
- Investments
- $0.0
- Employees
- 787
- Location
- Harrisburg, PA
- Founding
- 01/2016
- Data as of
- 06/2022
- EIN
- 47-4968734
Organization Overview
Reach Cyber Charter School is located in Harrisburg, PA. The organization was established in 2016. According to its NTEE Classification (B28) the organization is classified as: Special Education, under the broad grouping of Education and related organizations. As of 06/2022, Reach Cyber Charter School employed 787 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Reach Cyber Charter School 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 06/2022, Reach Cyber Charter School generated $133.6m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 53.6% each year . All expenses for the organization totaled $114.4m during the year ending 06/2022. While expenses have increased by 55.8% 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
REACH CYBER CHARTER SCHOOL IS AN INDEPENDENT CYBER CHARTER SCHOOL WITH A PRIMARY PURPOSE TO PROVIDE A UNIQUE EDUCATION TO STUDENTS IN PENNSYLVANIA.
Describe the Organization's Program Activity:
Part 3 - Line 4a
REACH CYBER CHARTER SCHOOL IS AN INDEPENDENT CYBER CHARTER SCHOOL WITH A PRIMARY PURPOSE TO PROVIDE A UNIQUE EDUCATION TO STUDENTS IN PENNSYLVANIA.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jane Swan CEO | Officer | 40 | $195,280 |
Leeann Ritchie Lead Principal | 40 | $149,967 | |
Greg Mccurdy Dir. Of Spec Ed | 40 | $128,951 | |
Corey Groff Principal | 40 | $128,012 | |
David Taylor Board President | Trustee | 5 | $0 |
Joseph Harford Board Secretary | Trustee | 5 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Connections Education Depository Educational Support | 6/29/22 | $44,329,998 |
Logistics Plus Inc Business Support | 6/29/22 | $1,283,433 |
Presence Learning Special Ed Support | 6/29/22 | $1,716,477 |
Aquaphoenix Scientific Inc Education Support | 6/29/22 | $1,380,772 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $15,154,820 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $15,154,820 |
| Total Program Service Revenue | $118,314,647 |
| Investment income | $169,290 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$14,004 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $133,624,753 |
| 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. | $228,220 |
| Compensation of current officers, directors, key employees. | $228,220 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $46,943,899 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $8,113,907 |
| Payroll taxes | $3,524,306 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $437,315 |
| Fees for services: Accounting | $698,936 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $41,131 |
| Advertising and promotion | $128,496 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $111,521 |
| Travel | $386,821 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $13,078 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $689,877 |
| Insurance | $648,963 |
| All other expenses | $1,609,075 |
| Total functional expenses | $114,432,113 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $26,885,361 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $2,780,181 |
| Accounts receivable, net | $6,728,803 |
| 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 | $1,003,662 |
| Net Land, buildings, and equipment | $827,419 |
| Investments—publicly traded securities | $41,907,746 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $166,322 |
| Total assets | $80,299,494 |
| Accounts payable and accrued expenses | $9,349,783 |
| Grants payable | $0 |
| Deferred revenue | $1,851,541 |
| 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 | $6,547,133 |
| Total liabilities | $17,748,457 |
| Net assets without donor restrictions | $62,551,037 |
| 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 | $80,299,494 |