Reed Next Inc
- Assets
- $2.0m
- Revenue
- $2.9m
- Investments
- $0.0
- Employees
- 49
- Location
- Oakland, NJ
- Founding
- 02/2017
- Data as of
- 06/2021
- EIN
- 81-4163174
Organization Overview
Reed Next Inc is located in Oakland, NJ. The organization was established in 2017. According to its NTEE Classification (P80) the organization is classified as: Centers to Support the Independence of Specific Populations, under the broad grouping of Human Services and related organizations. As of 06/2021, Reed Next Inc employed 49 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Reed Next 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, Reed Next Inc generated $2.9m in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 54.2% each year . All expenses for the organization totaled $3.9m during the year ending 06/2021. While expenses have increased by 61.0% per year over the past 4 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.
Since 2020, Reed Next Inc has awarded 13 individual grants totaling $3,300,738. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
OUR MISSION IS TO SUPPORT INDIVIDUALS WITH AUTISM, 21 YEARS OF AGE AND OLDER, TO LEARN, LIVE, WORK AND THRIVE IN THEIR COMMUNITIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SUPPORTED LIVING ENVIRONMENTS FOR ADULTS WITH AUTISM WHO ARE ADEPT AT THE BASICS OF MORE INDEPENDENT LIVING AND SUPERVISED GROUP HOMES ARE OFFERED THROUGH THE PROGRAM.
THE DAY PROGRAM IS DESIGNED TO SUPPORT ADULTS WITH AUTISM SO THAT THEY CAN ACHIEVE GREATER INDEPENDENCE AND LIVE A MEANINGFUL AND FULFILLING LIFE. THE PROGRAM FOCUSES ON PRE-VOCATIONAL AND VOCATIONAL TRAINING, AS WELL AS VOLUNTEER AND PAID EMPLOYMENT OPPORTUNITIES. USING THE PRINCIPLES OF APPLIED BEHAVIOR ANALYSIS (ABA), THE PROGRAM EMPHASIZES COMMUNITY INTEGRATION, PEER MENTORING AND ASSISTANCE WITH DAILY LIFE SKILLS.
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 |
|---|---|---|---|
Kelly Archibald Clinical Director | 37.5 | $100,769 | |
Laurie Murberg Controller | Officer | 3.5 | $22,660 |
Jill Nadison Executive Dir. | Officer | 3.5 | $7,975 |
Chantelle Walker Executive Dir. | Officer | 3.5 | $7,692 |
Scott Marshall Chairman | OfficerTrustee | 0.25 | $0 |
Richard Klinenberg Treasurer | OfficerTrustee | 0.25 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $17,807 |
| Government grants | $1,000,000 |
| All other contributions, gifts, grants, and similar amounts not included above | $37,120 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,054,927 |
| Total Program Service Revenue | $1,751,370 |
| Investment income | $124 |
| 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 | $2,863,614 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $1,471,173 |
| 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. | $16,299 |
| Compensation of current officers, directors, key employees. | $4,075 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,279,263 |
| Pension plan accruals and contributions | $4,703 |
| Other employee benefits | $135,792 |
| Payroll taxes | $129,151 |
| 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 | $197,280 |
| Advertising and promotion | $8,537 |
| Office expenses | $1,729 |
| Information technology | $5,954 |
| Royalties | $0 |
| Occupancy | $215,816 |
| Travel | $16,436 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $3,648 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $191,172 |
| Insurance | $50,056 |
| All other expenses | $0 |
| Total functional expenses | $3,850,546 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $293,678 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $685,603 |
| Accounts receivable, net | $111,374 |
| 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 | $10,328 |
| Net Land, buildings, and equipment | $927,880 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,425 |
| Total assets | $2,030,288 |
| Accounts payable and accrued expenses | $304,562 |
| Grants payable | $415,250 |
| Deferred revenue | $4,729 |
| 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 | $139,495 |
| Unsecured mortgages and notes payable | $83,958 |
| Other liabilities | $2,225,437 |
| Total liabilities | $3,173,431 |
| Net assets without donor restrictions | -$1,143,143 |
| 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 | $2,030,288 |
Grants Awarded
Over the last fiscal year, Reed Next Inc has awarded $1,464,258 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
Oakland, NJ PURPOSE: TRANSFER TO NEW ENTITY | $909,408 |
Oakland, NJ PURPOSE: AUTISM AWARENESS/JOBS FOR ADULTS | $265,940 |
GREENS DO GOOD INC PURPOSE: AUTISM AWARENESS/JOBS FOR ADULTS | $248,910 |
Mahwah, NJ PURPOSE: AUTISM AWARENESS/JOBS FOR ADULTS | $40,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Council Of Three Rivers American Indian Center Inc Pittsburgh, PA | $2,198,563 | $19,524,702 |
Everas Community Services Inc Somerset, NJ | $31,405,785 | $23,760,269 |
Intercommunity Action Incorporated Philadelphia, PA | $14,614,293 | $19,901,552 |
Spectrum Community Services Inc Allentown, PA | $6,288,427 | $19,062,960 |
Prospectus Associates Inc Reading, PA | $18,973,994 | $22,583,253 |
Handicapped Childrens Association Of Southern New York Inc Johnson City, NY | $15,724,051 | $20,449,293 |
Southern Tier Independence Center Inc Binghamton, NY | $11,429,557 | $17,107,173 |
Rockland Independent Living Center Inc West Nyack, NY | $7,082,649 | $18,562,000 |
New York Association On Independent Living Albany, NY | $7,790,174 | $16,532,510 |
Coalition For The Homeless Inc New York, NY | $43,159,669 | $27,848,334 |
Lesbian And Gay Community Services Center Inc New York, NY | $32,292,978 | $15,100,688 |
Good Family Support Services Inc Philadelphia, PA | $20,002,576 | $19,632,400 |