Reach Academy Charter School
- Assets
- $3.9m
- Revenue
- $8.8m
- Investments
- $0.0
- Employees
- 130
- Location
- Buffalo, NY
- Founding
- 06/2017
- Data as of
- 06/2022
- EIN
- 81-3022263
Organization Overview
Reach Academy Charter School is located in Buffalo, NY. The organization was established in 2017. According to its NTEE Classification (B20) the organization is classified as: Elementary & Secondary Schools, under the broad grouping of Education and related organizations. As of 06/2022, Reach Academy Charter School employed 130 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Reach Academy 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 Academy Charter School generated $8.8m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 59.6% each year . All expenses for the organization totaled $6.7m during the year ending 06/2022. While expenses have increased by 63.9% 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
OPERATE A CHARTER SCHOOL IN THE CITY OF BUFFALO, NEW YORK.
Describe the Organization's Program Activity:
Part 3 - Line 4a
EDUCATION SERVICES - REACH ACADEMY CHARTER SCHOOL IS FOCUSED ON PROVIDING RICH LANGUAGE EXPERIENCES DESIGNED SPECIFICALLY TO DEVELOP LANGUAGE ABILITIES IN VOCABULARY AND BACKGROUND KNOWLEDGE
SPECIAL EDUCATION - STUDENTS WITH SPECIAL NEEDS
OTHER EDUCATIONAL AND SCHOOL RELATED PROGRAMS
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 |
|---|---|---|---|
Linda Marszalex Head Of School | Officer | 40 | $138,906 |
Michael Olsen Director Of Facilities & Tech | 40 | $104,880 | |
Dolores Prezyna Chair | OfficerTrustee | 1 | $0 |
Tiffani Houston Comptroller - Effect. 3/2022 | Officer | 40 | $0 |
Sarah Pearson-Collins Trustee | Trustee | 1 | $0 |
Christine Mann Trustee | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $1,940,039 |
| All other contributions, gifts, grants, and similar amounts not included above | $61,150 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,001,189 |
| Total Program Service Revenue | $6,780,278 |
| Investment income | $0 |
| 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 | $8,794,528 |
| 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. | $172,076 |
| Compensation of current officers, directors, key employees. | $172,076 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $3,838,047 |
| Pension plan accruals and contributions | $349,614 |
| Other employee benefits | $419,319 |
| Payroll taxes | $340,954 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $385,644 |
| Advertising and promotion | $15,800 |
| Office expenses | $91,978 |
| Information technology | $182,311 |
| Royalties | $0 |
| Occupancy | $399,306 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $91,937 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $191,298 |
| Insurance | $23,709 |
| All other expenses | $1,426 |
| Total functional expenses | $6,746,489 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,754,794 |
| Savings and temporary cash investments | $75,129 |
| Pledges and grants receivable | $967,543 |
| Accounts receivable, net | $622,781 |
| 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 | $96,552 |
| Net Land, buildings, and equipment | $382,977 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $3,899,776 |
| Accounts payable and accrued expenses | $596,367 |
| Grants payable | $0 |
| Deferred revenue | $150,000 |
| 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 | $619,600 |
| Total liabilities | $1,365,967 |
| Net assets without donor restrictions | $2,533,809 |
| 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 | $3,899,776 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Reach Academy Charter School has recieved totaling $150,021.
| Awarding Organization | Amount |
|---|---|
Peter And Carmen Lucia Buck Foundation Inc New York, NY PURPOSE: NEW CHARTER SCHOOLS FOR CT | $150,000 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $21 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Executive Education Academy Charter School Allentown, PA | $63,584,076 | $23,169,797 |
Foundation Academy Charter School Trenton, NJ | $16,120,573 | $21,345,321 |
Albany Academy Albany, NY | $58,726,077 | $27,181,105 |
Elisabeth Morrow School Englewood, NJ | $43,835,854 | $20,290,882 |
Yeshiva Ktana Of Passaic Passaic, NJ | $33,764,196 | $20,538,079 |
Cambridge School Of Weston Inc Weston, MA | $57,046,494 | $20,616,161 |
Franklintown Charter High School Philadelphia, PA | $47,616,708 | $24,090,071 |
Nichols School Of Buffalo Buffalo, NY | $102,003,479 | $42,213,694 |
Yeshiva Shaare Torah Inc Brooklyn, NY | $32,363,623 | $20,724,747 |
Yeshivat Heatid Inc Teaneck, NJ | $17,160,980 | $19,921,065 |
Ideal School Of Manhattan New York, NY | $22,538,816 | $19,239,739 |
Peck School Morristown, NJ | $71,516,691 | $18,101,005 |