Reach Foundation
- Assets
- $5.6m
- Revenue
- $1.8m
- Investments
- $0.0
- Employees
- 56
- Location
- Riverton, WY
- Founding
- 02/1981
- Data as of
- 06/2023
- EIN
- 83-0249121
Organization Overview
Reach Foundation is located in Riverton, WY. The organization was established in 1981. According to its NTEE Classification (L21) the organization is classified as: Low-Income & Subsidized Rental Housing, under the broad grouping of Housing & Shelter and related organizations. As of 06/2023, Reach Foundation employed 56 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Reach Foundation 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 Foundation generated $1.8m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (3.7%) each year. All expenses for the organization totaled $2.0m during the year ending 06/2023. 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
PROVIDES SENIOR CITIZEN HOUSING
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ORGANIZATION MANAGES TWO FHA AND HUD FINANCED HOUSING COMPLEXES
THE ORGANIZATION HAS DEVELOPED AN ASSISTED LIVING/NURSING HOME SENIOR
THE ORGANIZATION HAS DEVELOPED A SENIOR CITIZEN DUPLEX HOUSING AREA
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kenneth Webber President | OfficerTrustee | 4 | $0 |
Gary Hatle Vice Pres | OfficerTrustee | 1 | $0 |
Bonnie Medow Sec/treas | OfficerTrustee | 1 | $0 |
Mark Sehnert Director | Trustee | 1 | $0 |
Vince Dolbow Director | Trustee | 1 | $0 |
Scott Pettit Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $197,999 |
| All other contributions, gifts, grants, and similar amounts not included above | $12,300 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $210,299 |
| Total Program Service Revenue | $1,482,356 |
| Investment income | $40,996 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $14,710 |
| Net Gain/Loss on Asset Sales | -$1,202 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $36,465 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,787,692 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $10,250 |
| 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. | $53,466 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,067,877 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $12,466 |
| Payroll taxes | $123,844 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $6,685 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $14,690 |
| Advertising and promotion | $3,092 |
| Office expenses | $17,760 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $287,315 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $136,689 |
| Insurance | $41,716 |
| All other expenses | $232,764 |
| Total functional expenses | $2,026,221 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $555,261 |
| Savings and temporary cash investments | $730,500 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $15,781 |
| 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 | $0 |
| Net Land, buildings, and equipment | $3,535,794 |
| Investments—publicly traded securities | $548,487 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $237,744 |
| Total assets | $5,623,567 |
| Accounts payable and accrued expenses | $57,135 |
| Grants payable | $0 |
| Deferred revenue | $1,000 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $13,707 |
| 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 | $613,600 |
| Total liabilities | $685,442 |
| 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 |
| Retained earnings, endowment, accumulated income, or other funds | $4,938,125 |
| Total liabilities and net assets/fund balances | $5,623,567 |
Grants Awarded
Over the last fiscal year, Reach Foundation has awarded $5,000 in support to 12 organizations.
| Grant Recipient | Amount |
|---|---|
HELP FOR HEALTH PURPOSE: DONATION | $5,000 |