Reach Academy Charter School
- Assets
- $13.8m
- Revenue
- $11.0m
- Investments
- $0.0
- Employees
- 80
- Location
- Buffalo, NY
- Founding
- 06/2017
- Data as of
- 06/2023
- 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 06/2023, Reach Academy Charter School employed 80 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 06/2023, Reach Academy Charter School generated $11.0m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 54.2% each year . All expenses for the organization totaled $9.7m during the year ending 06/2023. While expenses have increased by 60.9% per year over the past 7 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
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
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dolores Prezyna Chair | OfficerTrustee | 1 | $0 |
Christine Mann Vice Chair | OfficerTrustee | 1 | $0 |
Christopher Arnold Trustee | Trustee | 1 | $0 |
Karen Haqq Trustee | Trustee | 1 | $0 |
Sarah Pearson-Collins Trustee | Trustee | 1 | $0 |
Heather Speakes Trustee | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $2,556,990 |
| All other contributions, gifts, grants, and similar amounts not included above | $168,054 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,725,044 |
| Total Program Service Revenue | $8,270,935 |
| Investment income | $6,410 |
| 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 | $11,019,280 |
| 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. | $203,710 |
| Compensation of current officers, directors, key employees. | $203,710 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $5,637,091 |
| Pension plan accruals and contributions | $504,489 |
| Other employee benefits | $555,760 |
| Payroll taxes | $468,935 |
| 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 | $311,634 |
| Advertising and promotion | $63,071 |
| Office expenses | $121,593 |
| Information technology | $212,502 |
| Royalties | $0 |
| Occupancy | $635,703 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $204,087 |
| Interest | $17,744 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $216,582 |
| Insurance | $101,723 |
| All other expenses | $0 |
| Total functional expenses | $9,701,033 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,352,901 |
| Savings and temporary cash investments | $100,003 |
| Pledges and grants receivable | $1,651,281 |
| Accounts receivable, net | $415,730 |
| 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 | $206,621 |
| Net Land, buildings, and equipment | $7,466,511 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,626,510 |
| Total assets | $13,819,557 |
| Accounts payable and accrued expenses | $2,170,534 |
| Grants payable | $0 |
| Deferred revenue | $175,000 |
| 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 | $5,499,778 |
| Other liabilities | $2,122,189 |
| Total liabilities | $9,967,501 |
| Net assets without donor restrictions | $3,852,056 |
| 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 | $13,819,557 |