Community Reach Center Foundation Inc
- Assets
- $46.8m
- Revenue
- $4.2m
- Investments
- $2.6m
- Employees
- 0
- Location
- Westminster, CO
- Founding
- 09/1983
- Data as of
- 06/2021
- EIN
- 74-2275552
Organization Overview
Community Reach Center Foundation Inc is located in Westminster, CO. The organization was established in 1983. According to its NTEE Classification (F01) the organization is classified as: Alliances & Advocacy, under the broad grouping of Mental Health & Crisis Intervention and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Community Reach Center Foundation 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, Community Reach Center Foundation Inc generated $4.2m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 6.0% each year. All expenses for the organization totaled $4.7m during the year ending 06/2021. While expenses have increased by 6.4% 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 SUPPORT THE COMMUNITY REACH CENTER, INC. AND TO ENHANCE THE HEALTH OF OUR COMMUNITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROPERTIES HELD FOR RENT TO COMMUNITY REACH CENTER, SYSTEMS AND MOUNTAINLAND PEDIATRICS. COMMUNITY REACH CENTER FOUNDATION (THE FOUNDATION) RAISES FUNDS THAT SUPPORT THE SERVICES AND PROGRAMS OF COMMUNITY REACH CENTER, INC. (THE CENTER) TO ENHANCE THE HEALTH OF OUR COMMUNITY. THE FOUNDATION ALSO OWNS THE PROPERTIES AND FACILITIES USED BY THE CENTER AND MOUNTAINLAND PEDIATRICS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Richard Doucet Chief Executive Officer | Officer | 8 | $0 |
Christine Mecillas Chief Financial Officer | Officer | 8 | $0 |
Adam Bean-Thru Jun 2022 Chief Legal Officer | Officer | 0 | $0 |
Clay Cunningham-Thru Jul 2021 Chief Operations Officer | Officer | 6 | $0 |
Sheryl Bain Director | Trustee | 1 | $0 |
Chris Fiedler Director | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
C3 Interiors Llc Construction | 6/29/21 | $182,462 |
Community Reach Center Systems Facility Management | 6/29/21 | $777,076 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $26,949 |
| Investment income | $460,139 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $678,766 |
| Net Gain/Loss on Asset Sales | -$158,908 |
| Net Income from Fundraising Events | $19,038 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $4,206,341 |
| Statement of Expenses | |
|---|---|
| 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 to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $25,800 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $6,549 |
| Fees for services: Lobbying | $45,000 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $43,600 |
| Fees for services: Other | $102,580 |
| Advertising and promotion | $0 |
| Office expenses | $49,721 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $2,509,944 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $284 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,320,149 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $4,653,421 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,738,133 |
| Savings and temporary cash investments | $93,358 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $822 |
| 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 | $117,822 |
| Investments—publicly traded securities | $17,465,345 |
| Investments—other securities | $2,641,203 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,535,878 |
| Total assets | $46,753,409 |
| Accounts payable and accrued expenses | $107,504 |
| Grants payable | $0 |
| Deferred revenue | $16,720 |
| 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 | $1,725,324 |
| Total liabilities | $1,849,548 |
| Net assets without donor restrictions | $0 |
| 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 |
| Total liabilities and net assets/fund balances | $44,903,861 |
Grants Awarded
Over the last fiscal year, Community Reach Center Foundation Inc has awarded $1,346,175 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
COMMUNITY REACH CENTER INC PURPOSE: TO ASSIST IN PROVIDING MENTAL HEALTH SERVICES | $424,866 |
BRIGHTON LIFELONG LEARNING AND RESOURCE PURPOSE: To support Organization | $320,275 |
COMMUNITY REACH CENTER SYSTEMS INC PURPOSE: To support organization | $601,034 |